PORT BOUVARD LIMITED (PBD)



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General Information
Company Name: Port Bouvard Limited
Stock Code: PBD
Website: www.portbouvard.com.au
GICS Sub-Industry: Diversified Real Estate Activities
Market Cap ($M): 41
Equiv. Shares (M): 3,712

Current Price Data+
Current Price Open High Low Last Close Volume Price Movement
$ 0.011 $ 0.011 $ 0.011 $ 0.011 $ 0.011 3,023,636 0%

Current Broker Consensus Recommendation more
Recommendation: Hold
Recommendation Date: 24th Aug 2011
12 Month Target Price (average): $0.05
Brokers Surveyed: 1

Company Overview

Business Description:
Port Bouvard Limited (PBD) is an Australian property developer. PBD develops and sells residential land and builtform products. PBD focuses its development in the Mandurah / Peel Region of Western Australia. Its current projects include Point Grey, Oceanique and Bandy Creek Esperance.


Financial Summary
Year to Jun NPAT EPS EPS chg (%) PER DPS Yield (%) Franking (%)
2012  A -27.4 -4.3 -960.0 0.0 0.0 0.0 --
2011  A 3.3 0.5 -- 17.2 0.0 0.0 --
2010  A -12.3 -8.6 -- 0.0 0.0 0.0 --
Source: Aspect actuals / Thomson IBES estimates

Peer Comparison
EPS Growth (%) P/E (%) Dividend Yield (%)
Company Mkt Cap 2010 A 2011 F 2012 F 2010 A 2011 F 2012 F 2010 A 2011 F 2012 F
GPT Group (GPT) $7,287 M 0.6350 -0.2420 0.0344 12.3390 16.2782 15.7372 0.0468 0.0494 0.0511
Mirvac Group (MGR) $6,483 M -0.0702 NaN 0.1044 16.5112 16.4958 14.9367 0.0475 0.0486 0.0528
Port Bouvard (PBD) $41 M -- -- -- -- -- -- 0.0000 -- --
Stockland (SGP) $8,568 M -0.0638 -0.2245 0.0933 13.2719 17.1139 15.6539 0.0617 0.0617 0.0617
Westfield (WDC) $27,076 M -0.0223 0.1047 0.0640 20.4779 18.5369 17.4220 0.0401 0.0413 0.0436

Market Comparison
Earnings P/E Ratio P/B Ratio P/E Growth
PBD -- -- 0.20 --
Market 1.11 13.3 0.91 2.51
Sector 1.49 16.5 1.04 2.34

Directors
Name Position Start Date
Mr Geoffrey Earl Grady Alternate Director 23 July 2010
Mr Justin Peter Lorenz Alternate Director 31 January 2013
Mr Stephen John Court Executive Director 30 March 2009
Mr David Allan Hunt Non-Executive Director 26 November 2010
Mr Andrew James Young Non-Executive Director 27 December 2012
Ms Cerena Fu Non-Executive Director 05 April 2013
Mr Winson Chow Non-Executive Director,Non-Executive Chairman 03 April 2013

Management
Name Position
Peter Coppini Chief Financial Officer,Company Secretary
Nicole Moodie Joint Company Secretary

Substantial Shareholders
Holding Name
175,000,000 (29.47%) FKP Limited
38,775,835 (6.53%) UBS Nominees Ltd
31,220,310 (5.26%) National Nominees Limited

Calendar of Events
Date Event
25 February 2014 Report (Interim)
25 October 2013 Report (Annual)
30 August 2013 Report (Prelim)
© 2011 Morningstar, Inc. All rights reserved. The data and content contained herein are not guaranteed to be accurate, complete or timely. Neither Morningstar, nor its affiliates nor their content providers will have any liability for use or distribution of any of this information. To the extent that any of the content above constitutes advice, it is general advice that has been prepared by Morningstar Australasia Pty Ltd ABN: 95 090 665 544, AFSL: 240892 (a subsidiary of Morningstar, Inc.), without reference to your objectives, financial situation or needs. Before acting on any advice, you should consider the appropriateness of the advice and we recommend you obtain financial, legal and taxation advice before making any financial investment decision. If applicable investors should obtain the relevant product disclosure statement and consider it before making any decision to invest. Some material is copyright and published under licence from ASX Operations Pty Limited ACN 004 523 782 ("ASXO"). DISCLOSURE: Employees may have an interest in the securities discussed in this report. Please refer to our Financial Services Guide (FSG) for more information at www.morningstar.com.au/fsg.asp.

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