On 27 November 2018, Challenger Limited (ASX: CGF) announced regarding change in the substantial holdings of the company’s scheme.
The holder of the scheme is UBS Group AG and its related bodies corporate. A previous notification was provided to the company regarding the change in substantial holding on 02 November 2018. However, it became effective on 22 November 2018.
In the previous notice, the voting power for ordinary shares was 6.71%. Now, as per the present notice, the voting power for the ordinary shares has reduced and reached 5.63%. At present, the company has provided a list of holders of relevant interest who are registered holder of securities. Further, list of entities of UBS was provided along with the nature of relevant interest and the class and the number of securities which the UBS entity holds.
After the announcement which was made last month, regarding the transition of chairman and the results of the AGM, there was some other companies and its entities who became the substantial holder of CGF.
Since the inception, the performance of the company remains 462.91%. The one year, five years and ten years performance of the company is -30.59%, 55.46%, and 679.23%. However, since last year the performance of the company remains negative.
For the year ended 30 June 2018, the net profit after tax for the company was A$323.8 million. The total asset of the company is $25,300.5 million and the total liabilities of the company is A$21,814.7 million which indicates that the company is in a position to meets in long-term liabilities. There was an increase in the shareholder’s equity as compared to the previous year which is due to a slight increase in the retained earnings and contributed equity. The total shareholder’s equity by the end of the period was A$3,485.8 million.
From the operating activities of the company, there was a net cash inflow of $1,977.4 million. The major source of cash flow under this category was due to annuity and claim payments, payment made to the external unit holders, payment made to vendors and employees followed by income tax and interest payment. From the investing activities of the company, there was a net cash outflow of $2,320 million. Under this category, the major source of the cash outflow was due to the payment on the net purchase of investments, payment for the plant, equipment, and property. From the financing activities of the company, there was a net cash inflow of $544.7 million. There was an increase in the cash and cash equivalent by the end of FY18 as compared to the previous financial year. By the end of the year, the net cash available with the company was A$839 million.
The market price of the share as at November 28, 2018, is A$9.880 (AEST: 12:19 pm). There was an increase in the share price by 3.778% yesterday which is equivalent to 0.360 points. The market capitalization is A$5.82 billion with the PE ratio 17.65x.
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