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Guinness Peat Group (GPG)

Sector:

General Financial

Market Cap

£432.18m

Change Today

Price Unchanged0.000p ()

Share Price

30.50p

Guinness Peat sells Tower Australia stake

Date: Friday 08 Aug 2008

LONDON (ShareCast) - Investment firm Guinness Peat has agreed to sell its entire 29.7% stake in Tower Australia to Dai-ichi Mutual Life Insurance for up to A$376m (Australian dollar).

The group will sell 14.9% of the shares unconditionally at A$3.75 each and a further 5% will be sold at the same price subject to Australian regulatory approval. Finally, a further 9.8% will be sold, again at A$3.75, subject to approval from both Australian regulatory authorities and Tower Australian shareholders.

Guinness Peat said the sale proceeds are in the form of cash, which will be utilised in its ongoing business.

The group said two representatives on the board of Tower Australia will resign immediately.

Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

GPG Market Data

Currency UK Pounds
Share Price 30.50p  
Closing Price Change 0.000p
52 Week High 62.27
52 Week Low 29.50
Volume 0
Shares Issued 1,416.98m
Market Cap £432.18m
Beta 0.06
RiskGrade 232

Performance Indicators

Compare performance with the sector and the market.
Find out more
Key: vs Market vs Sector
Value
95.41% above the market average95.41% above the market average95.41% above the market average95.41% above the market average95.41% above the market average
93.86% above the sector average93.86% above the sector average93.86% above the sector average93.86% above the sector average93.86% above the sector average
Price Trend
9.83% below the market average9.83% below the market average9.83% below the market average9.83% below the market average9.83% below the market average
0.81% below the sector average0.81% below the sector average0.81% below the sector average0.81% below the sector average0.81% below the sector average
Income
73.60% above the market average73.60% above the market average73.60% above the market average73.60% above the market average73.60% above the market average
33.33% above the sector average33.33% above the sector average33.33% above the sector average33.33% above the sector average33.33% above the sector average
Growth
86.41% above the market average86.41% above the market average86.41% above the market average86.41% above the market average86.41% above the market average
83.78% above the sector average83.78% above the sector average83.78% above the sector average83.78% above the sector average83.78% above the sector average
Price Chg 6m
15.5% below the market average15.5% below the market average15.5% below the market average15.5% below the market average15.5% below the market average
4.07% below the sector average4.07% below the sector average4.07% below the sector average4.07% below the sector average4.07% below the sector average
P/E
58.11% above the market average58.11% above the market average58.11% above the market average58.11% above the market average58.11% above the market average
42.03% above the sector average42.03% above the sector average42.03% above the sector average42.03% above the sector average42.03% above the sector average
PEG
92.54% above the market average92.54% above the market average92.54% above the market average92.54% above the market average92.54% above the market average
88.06% above the sector average88.06% above the sector average88.06% above the sector average88.06% above the sector average88.06% above the sector average
Dividend Yield
47.19% below the market average47.19% below the market average47.19% below the market average47.19% below the market average47.19% below the market average
82.42% below the sector average82.42% below the sector average82.42% below the sector average82.42% below the sector average82.42% below the sector average
EPS Growth
96.49% above the market average96.49% above the market average96.49% above the market average96.49% above the market average96.49% above the market average
96.40% above the sector average96.40% above the sector average96.40% above the sector average96.40% above the sector average96.40% above the sector average
Operating Margin
20.59% above the market average20.59% above the market average20.59% above the market average20.59% above the market average20.59% above the market average
7.92% above the sector average7.92% above the sector average7.92% above the sector average7.92% above the sector average7.92% above the sector average

What The Brokers Say

Strong Buy 1
Buy 1
Neutral 1
Sell 0
Strong Sell 0
Total 3
buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

GPG Dividends

  Latest Previous
  Final Final
Ex-Div 05-Mar-08 07-Mar-07
Paid 19-May-08 21-May-07
Amount 1.00p 1.00p

Trades for --2008

Time Volume / Share Price
0 @ 0.000p

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