Description:
* "Pfg’s
principal activity is the provision of property related finance via its
wholly owned subsidiary propertyfinance
securities limited.
We
are pleased to advise shareholders that with effect from 3 July 2006, Avon
Investments Limited (“AIL”) is to be renamed:
Today propertyfinance securities limited is more accurately described as a
non-bank lender because it:
-
Serves everyday property borrowers across the country
-
Only makes first mortgage loans
-
Lends at bank-linked levels of risk
-
Lends at bank-linked interest rates
-
Has loans that have an average expected life of between 2-7 years
-
Markets a range of branded loan products that are distributed easily by mortgage brokers and others
-
Obtains low-cost, off-balance sheet finance from institutions via securitisation programmes
-
Follows successful overseas business models.
Website: http://www.avoninvestments.co.nz/
Recent announcements: click here
|
Year |
2002 |
2003 |
2004 |
2005 |
2006 |
Average
GR |
Compounding
GR |
|
Gross
growth rates |
|
|
|
|
|||
|
Revenue |
|
1146% |
277% |
148% |
59% |
771% |
184% |
|
NPAT |
|
-559% |
104% |
178% |
-147% |
-4% |
65% |
|
Total
Assets |
|
398% |
338% |
109% |
44% |
590% |
131% |
|
Net
Assets |
|
85% |
271% |
134% |
33% |
458% |
84% |
|
Per
Share figures and growth |
|||||||
|
Earnings |
$
(0.01) |
$
0.04 |
$
0.06 |
$
0.07 |
$
(0.03) |
|
|
|
|
|
-471% |
72% |
13% |
-137% |
-170% |
22% |
|
Net
Assets |
$
0.14 |
$
0.20 |
$
0.63 |
$
0.60 |
$
0.64 |
|
|
|
|
|
49% |
211% |
-5% |
6% |
225% |
36% |
|
Dividends |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Profitability |
|||||||
|
Return
on Assets |
-2% |
2% |
1% |
1% |
0% |
|
|
|
Equity
Multiplier |
4.12 |
11.13 |
13.16 |
11.74 |
12.71 |
|
|
|
Return
on Equity (ROE) |
-7% |
17% |
10% |
11% |
-4% |
|
|
|
ROE
(avg E) |
|
23% |
15% |
16% |
-5% |
|
|
|
Net
Profit Margin |
-36% |
13% |
7% |
8% |
-2% |
|
|
|
Dividend
payout ratio |
0% |
0% |
0% |
0% |
0% |
|
|
|
Liquidity |
|||||||
|
Net
working capital |
$486,595
|
$2,454,838
|
$10,811,160
|
$12,788,688
|
$(7,065,868) |
|
|
|
Current
ratio |
1.52 |
1.55 |
1.50 |
1.32 |
0.88 |
|
|
|
Acid
test ratio |
1.52 |
1.55 |
1.50 |
1.32 |
0.88 |
|
|
|
Other |
|||||||
|
Times
interest earned |
0.12 |
1.35 |
1.26 |
1.25 |
0.95 |
|
|
|
Operating
exp/income |
95% |
49% |
43% |
36% |
41% |
|
|
|
|
|
|
|
|
|
|
|
|
Summary
Financials |
|||||||
|
Income |
78961 |
983511 |
3710608 |
9220086 |
14705205 |
|
|
|
Expenses |
107442 |
854860 |
3273651 |
8044213 |
15115448 |
|
|
|
Tax |
0 |
-2203 |
169379 |
433038 |
-64684 |
|
|
|
NPAT |
-28481 |
130854 |
267578 |
742835 |
-345559 |
|
|
|
|
|
|
|
|
|
|
|
|
Assets |
1684129 |
8393812 |
36763265 |
76705652 |
110465935 |
|
|
|
Liabilities |
1275634 |
7639718 |
33969144 |
70171708 |
101777550 |
|
|
|
Net
Assets |
408495 |
754094 |
2794121 |
6533944 |
8688385 |
|
|
| Registered Office: Level 2 Propertyfinance Building 104 Victoria Street Christchurch |
Mailing address: |
| Directors: Mark Bellas Leigh Davis Dennis Hazlett Darryl Queen Barnaby Sundstrum Peter Taylor |
Secretary: |
| Auditors: Ernst & Young |
Solicitors: Rhodes & Co |
| Bankers: |
Registrar: Link Market Services |
| Other: |
|
| Other | Last updated:14-11-2007 |
Company balance date: 31 March
Trading over the last year
