Sign up Australia
Proactive Investors - Run By Investors For Investors

GARDA Capital Group upgrades its guidance for FY18

Shares in the company are trading at their all-time high of $1.10 per share.
upward share price arrow
The company listed on the ASX in July 2016 priced at $1.00

GARDA Capital Group (ASX:GCM) anticipates generating underlying operating activity earnings of $1.2 million after tax for FY18, a 39% increase on FY17.

The company is a real estate investment and funds management group and generate revenues from funds management and debt advisory functions.

Funds management revenues are primarily derived from fees based on assets under management (AUM).

AUM increases 43.5%

AUM has primarily increased in H2FY18 as a result of the settlement by GDF of two acquisitions

The AUM at the end of FY18 is expected to be $270 million, representing a 43.5% increase on the $188 million that GARDA commenced the financial year at.

Furthermore, with the construction of the Botannica 9 project expected to complete in FY19, a further 13% AUM growth to $305 million is already embedded into that financial year.

Increased AUM flows through to earnings

Updated FY18 earnings guidance forecasts a 317% increase in underlying operating activity earnings before tax to $1.6 million.

It also projects a 39% increase in underlying operating activity earnings after tax to $1.6 million.

Actively pursuing new investments

GARDA’s chairman and managing director Matthew Madsen said: “FY18 has been an important year for the Group.

“AUM will increase by approximately 43.5% over the period with a further 13% AUM growth in FY19 from the completion of the Botanicca 9 project alone.

“We have been able to demonstrate strong returns on capital within an appropriate commercial risk tolerance.

“Moreover the FY19 results are expected to be positively impacted by the growth in AUM to $305 million compared to the average AUM of FY18 of $218 million and also, the particularly strong contribution from capital expenditure fee revenue.

“We have a strong balance sheet, currently holding $8 million in cash. We are actively pursuing new real estate debt investments and considering further acquisitions for GDF.”

View full . profile View Profile

Proactive Investors Australia Timeline

Related Articles

Students in a class
August 27 2018
The company is gaining traction in Asia where people are looking to take language courses to work or study internationally
Clint Eastwood
May 25 2018
The group’s first piece of original content, a documentary called Pandas, premiered on 24 March this year, to positive reviews.
Marketing and public relations
April 04 2018
"Our Beyond, MBooth and Publitek agencies have been stand-out performers, whilst we have achieved solid performances pretty much across the portfolio"

No investment advice

The information on this Site is of a general nature only. It does not take your specific needs or circumstances into consideration, so you should look at your own financial position, objectives and requirements and seek financial advice before making any financial decisions. You acknowledge and understand that neither the Company, its related bodies corporate, the information providers or their affiliates will advise you personally about the nature, potential value or suitability of any particular security, portfolio of securities, transaction, investment strategy, or other matter. You should read our FSG and any other relevant disclosure documents and if necessary seek persona advice prior to making any investment decision.

You understand and agree that no Content (as defined below) published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is suitable or advisable for any specific person.

You understand that in certain circumstances the Company, its related bodies corporate, the information providers or their affiliates may have received, or be entitled to receive, financial or other consideration in connection with promoting, and providing information about, certain entities on the Site and in communications otherwise provided to you.

You understand that price and other data is supplied by sources believed to be reliable, that the calculations herein are made using such data, and that neither such data nor such calculations are guaranteed by these sources, the Company, the information providers or any other person or entity, and may not be complete or accurate. From time to time, reference may be made in our marketing materials to prior articles and opinions we have published. These references may be selective, may reference only a portion of an article or recommendation, and are likely not to be current. As markets change continuously, previously published information and data may not be current and should not be relied upon.

Before you act on any general advice we provide, please consider whether it is appropriate for your personal circumstances.

© Proactive Investors 2018

Proactive Investors Australia PTY LTD ACN:132787654 ABN:19132787654.

Market Indices, Commodities and Regulatory News Headlines copyright © Morningstar. Data delayed 15 minutes unless otherwise indicated. Terms of use