A director at Cromwell Property Group bought 150,000 shares at 0.400AUD and the significance rating of the trade was 69/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the last two yea...
CROMWELL PROPERTY GROUP (AU), a company active in the Real Estate Holding & Development industry, loses a star(s) at the fundamental level and sees its general evaluation downgraded. The independent financial analyst theScreener just removed a fundamental star(s) for a 3 over 4-star rating. As such, market behaviour remains unchanged and is evaluated as moderately risky. theScreener believes that the loss of a star(s) merits downgrade to the general evaluation of the title, which passes to Neutr...
Full Article at IIR has reaffirmed its Recommended rating for PIA after undertaking a review post the appointment of a new Portfolio Manager, Harding Loevner. The full report can be found on the IIR website. On 26 July 2021, Pengana International Equities Limited (PIA) announced a fully franked dividend of 1.35 cents per share for the June quarter. This represents an 8% increase on the March quarter dividend and takes the total dividends declared for FY21 of 5.1 cents per share, fully franked....
No-moat Cromwell Property Group has placed AUD 375 million of new securities with institutions and is attaching a non-underwritten security purchase plan, or SPP, to raise up to a further AUD 30 million. We don’t recommend subscribing to the SPP given the issue price is above our 5% upgraded AUD 1.05 fair value estimate. The AUD 1.15 issue price is at a 7.0% discount to the distribution-adjusted closing price of AUD 1.24 on June 25, but is at a 15% premium to our previous fair value, driving t...
No-moat Cromwell Property Group has placed AUD 375 million of new securities with institutions and is attaching a non-underwritten security purchase plan, or SPP, to raise up to a further AUD 30 million. We don’t recommend subscribing to the SPP given the issue price is above our 5% upgraded AUD 1.05 fair value estimate. The AUD 1.15 issue price is at a 7.0% discount to the distribution-adjusted closing price of AUD 1.24 on June 25, but is at a 15% premium to our previous fair value, driving t...
No-moat Cromwell Property Group has placed AUD 375 million of new securities with institutions and is attaching a non-underwritten security purchase plan, or SPP, to raise up to a further AUD 30 million. We don’t recommend subscribing to the SPP given the issue price is above our 5% upgraded AUD 1.05 fair value estimate. The AUD 1.15 issue price is at a 7.0% discount to the distribution-adjusted closing price of AUD 1.24 on June 25, but is at a 15% premium to our previous fair value, driving t...
Cromwell Property Group is a property owner, developer, and manager for third-party investors. The vast majority of earnings flow from the (predominantly office) portfolio, while the management and development divisions could add upside as property markets improve in the longer term. Management's strategy is to use higher gearing over a lower-grade portfolio to maximise returns, while mitigating risks by locking solid tenants into long-term leases. Unfortunately, many long-term leases are expiri...
We confirm our AUD 1.00 fair value for Australian REIT Cromwell Property Group as we transition coverage to a new analyst. Our no-moat, medium fair value uncertainty and Standard stewardship ratings are unchanged. At current prices, the stock is trading 18% above our valuation. Our fair value estimate implies a fiscal 2019 price/earnings multiple of 11.7 and a fiscal 2019 EV/EBITDA of 14.5. Our valuation is broadly consistent with the net tangible asset backing of AUD 0.99 as at December 2018. W...
We confirm our AUD 1.00 fair value for Australian REIT Cromwell Property Group as we transition coverage to a new analyst. Our no-moat, medium fair value uncertainty and Standard stewardship ratings are unchanged. At current prices, the stock is trading 18% above our valuation. Our fair value estimate implies a fiscal 2019 price/earnings multiple of 11.7 and a fiscal 2019 EV/EBITDA of 14.5. Our valuation is broadly consistent with the net tangible asset backing of AUD 0.99 as at December 2018. ...
We confirm our AUD 1.00 fair value for Australian REIT Cromwell Property Group as we transition coverage to a new analyst. Our no-moat, medium fair value uncertainty and Standard stewardship ratings are unchanged. At current prices, the stock is trading 18% above our valuation. Our fair value estimate implies a fiscal 2019 price/earnings multiple of 11.7 and a fiscal 2019 EV/EBITDA of 14.5. Our valuation is broadly consistent with the net tangible asset backing of AUD 0.99 as at December 2018. ...
We confirm our AUD 1.00 fair value for Australian REIT Cromwell Property Group as we transition coverage to a new analyst. Our no-moat, medium fair value uncertainty and Standard stewardship ratings are unchanged. At current prices, the stock is trading 18% above our valuation. Our fair value estimate implies a fiscal 2019 price/earnings multiple of 11.7 and a fiscal 2019 EV/EBITDA of 14.5. Our valuation is broadly consistent with the net tangible asset backing of AUD 0.99 as at December 2018. W...
The Vanguard Group, Inc. ( ) Form 8.3 - The Vanguard Group, Inc.: Cromwell Property Group 18-Apr-2019 / 13:34 GMT/BST Dissemination of a Regulatory Announcement, transmitted by EQS Group. The issuer is solely responsible for the content of this announcement. FORM 8.3  PUBLIC OPENING POSITION DISCLOSURE/DEALING DISCLOSURE BY A PERSON WITH INTERESTS IN RELEVANT SECURITIES REPRESENTING 1% OR MORE Rule 8.3 of the Takeover Code (the "Code")  1. KEY INFORMATION  (a) Full name of discloser: The Vanguard Group, Inc. (b) Owner or controller of interests a...
The Vanguard Group, Inc. ( ) Form 8.3 - The Vanguard Group, Inc.: Cromwell Property Group 17-Apr-2019 / 14:17 GMT/BST Dissemination of a Regulatory Announcement, transmitted by EQS Group. The issuer is solely responsible for the content of this announcement. FORM 8.3  PUBLIC OPENING POSITION DISCLOSURE/DEALING DISCLOSURE BY A PERSON WITH INTERESTS IN RELEVANT SECURITIES REPRESENTING 1% OR MORE Rule 8.3 of the Takeover Code (the "Code")  1. KEY INFORMATION  (a) Full name of discloser: The Vanguard Group, Inc. (b) Owner or controller of interests a...
The Vanguard Group, Inc. ( ) Form 8.3 - The Vanguard Group, Inc.: Cromwell Property Group 15-Apr-2019 / 13:42 GMT/BST Dissemination of a Regulatory Announcement, transmitted by EQS Group. The issuer is solely responsible for the content of this announcement. FORM 8.3  PUBLIC OPENING POSITION DISCLOSURE/DEALING DISCLOSURE BY A PERSON WITH INTERESTS IN RELEVANT SECURITIES REPRESENTING 1% OR MORE Rule 8.3 of the Takeover Code (the "Code")  1. KEY INFORMATION  (a) Full name of discloser: The Vanguard Group, Inc. (b) Owner or controller of interests a...
The Vanguard Group, Inc. ( ) Form 8.3 - The Vanguard Group, Inc.: Cromwell Property Group 12-Apr-2019 / 13:49 GMT/BST Dissemination of a Regulatory Announcement, transmitted by EQS Group. The issuer is solely responsible for the content of this announcement. FORM 8.3  PUBLIC OPENING POSITION DISCLOSURE/DEALING DISCLOSURE BY A PERSON WITH INTERESTS IN RELEVANT SECURITIES REPRESENTING 1% OR MORE Rule 8.3 of the Takeover Code (the "Code")  1. KEY INFORMATION  (a) Full name of discloser: The Vanguard Group, Inc. (b) Owner or controller of interests a...
The Vanguard Group, Inc. ( ) Form 8.3 - The Vanguard Group, Inc.: Cromwell Property Group 11-Apr-2019 / 14:46 GMT/BST Dissemination of a Regulatory Announcement, transmitted by EQS Group. The issuer is solely responsible for the content of this announcement. FORM 8.3  PUBLIC OPENING POSITION DISCLOSURE/DEALING DISCLOSURE BY A PERSON WITH INTERESTS IN RELEVANT SECURITIES REPRESENTING 1% OR MORE Rule 8.3 of the Takeover Code (the "Code")  1. KEY INFORMATION  (a) Full name of discloser: The Vanguard Group, Inc. (b) Owner or controller of interests a...
The Vanguard Group, Inc. ( ) Form 8.3 - The Vanguard Group, Inc.: Cromwell Property Group 10-Apr-2019 / 13:22 GMT/BST Dissemination of a Regulatory Announcement, transmitted by EQS Group. The issuer is solely responsible for the content of this announcement. FORM 8.3  PUBLIC OPENING POSITION DISCLOSURE/DEALING DISCLOSURE BY A PERSON WITH INTERESTS IN RELEVANT SECURITIES REPRESENTING 1% OR MORE Rule 8.3 of the Takeover Code (the "Code")  1. KEY INFORMATION  (a) Full name of discloser: The Vanguard Group, Inc. (b) Owner or controller of interests a...
The Vanguard Group, Inc. ( ) Form 8.3 - The Vanguard Group, Inc.: Cromwell Property Group 09-Apr-2019 / 14:24 GMT/BST Dissemination of a Regulatory Announcement, transmitted by EQS Group. The issuer is solely responsible for the content of this announcement. FORM 8.3  PUBLIC OPENING POSITION DISCLOSURE/DEALING DISCLOSURE BY A PERSON WITH INTERESTS IN RELEVANT SECURITIES REPRESENTING 1% OR MORE Rule 8.3 of the Takeover Code (the "Code")  1. KEY INFORMATION  (a) Full name of discloser: The Vanguard Group, Inc. (b) Owner or controller of interests a...
The Vanguard Group, Inc. ( ) Form 8.3 - The Vanguard Group, Inc.: Cromwell Property Group 04-Apr-2019 / 13:41 GMT/BST Dissemination of a Regulatory Announcement, transmitted by EQS Group. The issuer is solely responsible for the content of this announcement. FORM 8.3  PUBLIC OPENING POSITION DISCLOSURE/DEALING DISCLOSURE BY A PERSON WITH INTERESTS IN RELEVANT SECURITIES REPRESENTING 1% OR MORE Rule 8.3 of the Takeover Code (the "Code")  1. KEY INFORMATION  (a) Full name of discloser: The Vanguard Group, Inc. (b) Owner or controller of interests a...
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