Description:
* "Lombard
Group was previously called Pure New Zealand Limited (Pure). Lombard Group
was formed following Pure’s acquisition of Lombard Finance, with the
owners of that company accepting shares in the listed entity. This
transaction won overwhelming support from the shareholders of Pure at an
extraordinary general meeting held on 8 December 2005. The relevant formal
agreements, dated 30 November 2005 approved by its shareholders on 8
December 2005 and settled on 22 December 2005, resulted in Lombard Group:
- Acquiring Lombard Finance; and
- Disposing of nearly all its other assets;
With the result that Lombard Group at present has no other business activities outside of its investment in Lombard Finance.
The consideration paid by Pure for the Lombard Finance acquisition was expressed to be NZ $50 million and was satisfied by the issue of 2 billion (2,000,000,000) ordinary shares in the Company at an issue price NZ $0.025 (2 ˝ cents NZ)
These transactions resulted in the transition of Pure from a general investment company with a difficult past and negligible revenues to a company focused on the financial services sector with an existing sound business as a commercial lender and financier."
Website: http://www.lombardgroup.co.nz/
Recent announcements: click here
|
Year |
|
|
|
2005 |
2006 |
Average
GR |
|
|
Gross
growth rates |
|
|
|
|
|||
|
Revenue |
|
|
|
|
10% |
10% |
|
|
NPAT |
|
|
|
|
-49% |
-49% |
|
|
Total
Assets |
|
|
|
|
22% |
22% |
|
|
Net
Assets |
|
|
|
|
277% |
277% |
|
|
Per
Share figures and growth |
|||||||
|
Earnings |
|
|
|
|
$
0.00 |
|
|
|
|
|
|
|
|
|
|
|
|
Net
Assets |
|
|
|
|
$
0.02 |
|
|
|
|
|
|
|
|
|
|
|
|
Dividends |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Profitability |
|||||||
|
Return
on Assets |
|
|
|
2.77% |
1.16% |
|
|
|
Equity
Multiplier |
|
|
|
27.52 |
8.91 |
|
|
|
Return
on Equity (ROE) |
|
|
|
76% |
10% |
|
|
|
ROE
(avg E) |
|
|
|
152% |
16% |
|
|
|
Net
Profit Margin |
|
|
|
18% |
9% |
|
|
|
Dividend
payout ratio |
|
|
|
|
|
|
|
|
Liquidity |
|||||||
|
Net
working capital |
|
|
|
|
|
|
|
|
Current
ratio |
|
|
|
|
|
|
|
|
Acid
test ratio |
|
|
|
|
|
|
|
|
Other |
|||||||
|
Times
interest earned |
|
|
|
1.62 |
1.26 |
|
|
|
Operating
exp/income |
|
|
|
24% |
29% |
|
|
|
|
|
|
|
|
|
|
|
|
Summary
Financials |
|||||||
|
Income |
|
|
|
24889000 |
27398000 |
|
|
|
Expenses |
|
|
|
17668000 |
23391000 |
|
|
|
Tax |
|
|
|
2634000 |
1663000 |
|
|
|
NPAT |
|
|
|
4587000 |
2344000 |
|
|
|
|
|
|
|
|
|
|
|
|
Assets |
|
|
|
165543000 |
202276000 |
|
|
|
Liabilities |
|
|
|
159527000 |
179570000 |
|
|
|
Net
Assets |
|
|
|
6016000 |
22706000 |
|
|
| Registered Office: Lombard Group Limited level 6, 95 Customhouse Quay Wellington |
Mailing address: PO Box 35 Wellington |
| Directors: Laurie Bryant Douglas Graham Bill Jeffries Michael Reeves David Wallace |
Secretary: Peter Morpeth |
| Auditors: KPMG |
Solicitors: Minter Ellison Rudd Watts |
| Bankers: BNZ, ANZ National, WBC |
Registrar: Computershare Investor Services Limited |
| Other: |
|
| Other | Last updated:14-11-2007 |
Company balance date: 31 March
Trading over the last year
