CGF Discloses The Change In Substantial Holdings Of UBS

  • Nov 28, 2018 AEDT
  • Team Kalkine
CGF Discloses The Change In Substantial Holdings Of UBS

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.


Disclaimer

This website is a service of Kalkine Media Pty. Ltd. A.C.N. 629 651 672. The website has been prepared for informational purposes only and is not intended to be used as a complete source of information on any particular company. Kalkine Media does not in any way endorse or recommend individuals, products or services that may be discussed on this site. Our publications are NOT a solicitation or recommendation to buy, sell or hold. We are neither licensed nor qualified to provide investment advice.

 

 

All pictures are copyright to their respective owner(s).Kalkinemedia.com does not claim ownership of any of the pictures displayed on this website unless stated otherwise. Some of the images used on this website are taken from the web and are believed to be in public domain. We have used reasonable efforts to accredit the source (public domain/CC0 status) to where it was found and indicated it below the image.

 

There is no investor left unperturbed with the ongoing trade conflicts between US-China and the devastating bushfire in Australia.

Are you wondering if the year 2020 might not have taken the right start? Dividend stocks could be the answer to that question.

As interest rates in Australia are already at record low levels, find out which dividend stocks are viewed as the most attractive investment opportunity in the current scenario in our report.

CLICK HERE FOR YOUR FREE REPORT!
   
x
We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it. OK