AUS
NZ
UK
CA
USA
FRA
GER
ESP
ITA
NLD
PRT
SWE
GRC
IND
POL
BRA
ZAF
RUS
CHN
UAE
Dr. Paul Reynolds has been appointed to the Companyâs Board as an independent non-executive director with effect from October 5, 2018, as announced recently by Computershare Limited.
The AGM of the company will be held at 10.00am on Wednesday 14 November 2018 at Computershareâs Global Headquarters, 452 Johnston Street, Abbotsford, Victoria.
Company is into the operation of a computer bureau, operation of share registries and the provision of software specializing in share registry, financial and stock markets, under the information technology sector.
In FY2018 Computershare (ASX:CPU) delivered the largest profit recorded in their history, with the fastest rate of earnings growth since FY2009. The company continues to make good progress in executing the growth, profitability and capital management strategies that are driving our solid performance. Importantly, they did what they said would do, and are delivering to plan.
FY2018 saw Computershareâs profit trajectory improve. The company upgraded their FY2018 earnings guidance twice during the year landing on â12.5% with a positive biasâ. It is pleasing to deliver Management EPS growth of 14.1% in constant currency.
The Equatex acquisition is another highlight of the year, this purchase will enhance the scale, capabilities and earnings in employee share plans, and other strategic growth engine. Margin income also improved, reaching almost $100 million in the second half of the year, demonstrating the significant leverage they have to rising interest rates. Equatex is also an excellent geographic fit with their existing European share plans business and stands as one of the most significant acquisition since 2011.
An inherent feature of their business model, Computershare continues to generate strong free cash flow. This cash flow self-funds our technology initiatives, growth plans and strategic investments as well as supporting our share buy-back and reducing debt.
In FY2019, the company expect to deliver around 10% growth on FY2018 management EPS in constant currency. They expect stronger contributions from employee share plans, mortgage services and margin income, and will continue to execute our cost-out program. The outlook for corporate actions and fee income from some of the larger events looks slightly more subdued at this stage than in FY2018.
With contributions from their growth engines, cyclical improvements and increases in event-based activity, particularly in the first half. Looking at the FY2018 results, total management revenue increased by an impressive $133.7 million. [optin-monster-shortcode id="wxhmli4jjedneglg1trq"]
Within the business service, and UK mortgage services revenues were stable at $240.1 million, mortgage services revenues increased by 9.9% to $546.2 million, US mortgage services revenues broke through $300 million, up 19%. Total accounts for more than 40% of the revenues. Computershare is becoming predictable, more profitable and transparent.
Amid all the red on today's market Computershare is reaching historical (52-week) highs at $20.80. This puts the value of founder and chairman share at $680 million. Over the period of last one year the stock has seen an attractive performance change of about 43.82%.
The Income available from dividends remains attractive for many investors.
We take a look at the best yields on the market and assess what they say about a companyâs prospect.
One Thing is certain, though, Australia interest rates are still low, making income difficult to come by and keeping the focus for many investors on high yielding stocks. Kalkineâs team of analysts bought you handpicked report for âTop 25 Dividend Stocks For 2018.â
ASX-relevant Special Reports are published year-round to provide a detailed analysis into an investing opportunity or a potential risk to your portfolio.
Click here to get your free report.
Disclaimer
The advice given by Kalkine Pty Ltd and provided on this website is general information only and it does not take into account your investment objectives, financial situation or needs. You should therefore consider whether the advice is appropriate to your investment objectives, financial situation and needs before acting upon it. You should seek advice from a financial adviser, stockbroker or other professional (including taxation and legal advice) as necessary before acting on any advice. Not all investments are appropriate for all people. Kalkinemedia.com and associated websites are published by Kalkine Pty Ltd ABN 34 154 808 312 (Australian Financial Services License Number 425376). website), employees and/or associates of Kalkine Pty Ltd do not hold positions in any of the stocks covered on the website. These stocks can change any time and readers of the reports should not consider these stocks as advice or recommendations.
