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TEMPLETON GLOBAL GROWTH FUND LIMITED (TGG)


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General Information
Company Name: Templeton Global Growth Fund Limited
Stock Code: TGG
Website: www.tggf.com.au
GICS Sub-Industry: Other Diversified Financial Services
Market Cap ($M): 145
Equiv. Shares (M): 143

Current Price Data+
Current Price Open High Low Last Close Volume Price Movement
 $ 1.010 $ 1.020 $ 1.020 $ 1.010 $ 1.030 540,216 $ -0.020  -1.942 %

Current Broker Consensus Recommendation more
Recommendation: Buy
Recommendation Date: 27th Aug 2009
12 Month Target Price (average): $0
Brokers Surveyed: 1

Company Overview

Business Description:
Templeton Global Growth Fund Limited (TGG) is an investment company focusing on equity securities listed on international stock exchanges. TGG operates under an Australian Financial Services licence, using MSCI All Countries World Index as its benchmark. Franklin Templeton Investments Australia Ltd is TGG’s investment manager.

Financial Summary
Year to Jun NPAT EPS EPS chg (%) PER DPS Yield (%) Franking (%)
2012  A 1.5 1.1 10.0 66.0 1.5 2.2 100.0
2011  A 1.4 1.0 -47.4 82.0 2.0 2.5 100.0
2010  A 2.7 1.9 -- 43.7 2.0 2.5 --
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
IOOF (IFL) $1,978 M -0.1406 0.1269 0.1281 20.6295 18.3068 16.2286 0.0434 0.0485 0.0539
Macquarie Group (MQG) $14,989 M 0.2165 0.4295 0.1149 17.9277 12.5409 11.2482 0.0453 0.0564 0.0639
Perpetual (PPT) $1,815 M 0.1615 0.1182 0.1812 25.7121 22.9951 19.4670 0.0208 0.0273 0.0399
Platinum Asset Mgmt (PTM) $3,008 M -0.1447 0.0036 0.1749 23.4562 23.3732 19.8945 0.0398 0.0393 0.0480
Templeton Global (TGG) $148 M 0.0937 -- -- 98.0952 -- -- 0.0146 -- --

Market Comparison
Earnings P/E Ratio P/B Ratio P/E Growth
TGG 1.34 96.7 1.09 --
Market 1.08 12.7 0.89 1.87
Sector 1.22 19.7 1.15 1.32

Directors
Name Position Start Date
Mr James (Tony) Anthony Killen Non-Executive Director 03 March 2003
Mr Gregory E McGowan Non-Executive Director 04 January 1999
Ms Jennifer Johnson Bolt Non-Executive Director 07 September 2007
Mr Michael Edward Bartlett Non-Executive Director 15 September 2011
Ms Joanne Dawson Non-Executive Director 09 May 2012

Management
Name Position
Martin F Warwick Company Secretary, General Manager

Substantial Shareholders
Holding Name
7,899,534 (5.53%) Australian Foundation Investment Company Ltd
6,665,131 (4.66%) Questor Financial Services Ltd
8,139,762 (5.69%) Maple Brown Abbott Limited
17,243,813 (12.06%) Financial & Investment Management Group Ltd

Calendar of Events
Date Event
02 April 2014 Report (Interim)
25 February 2014 Report (Interim)
26 September 2013 Report (Annual)
28 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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