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  • Peet Limited

    Acquires, develops and markets residential land, predominantly under a capital-efficient funds management model.

    PPC$1.190
     -0.005 -0.42%

    Data last updated:May 17, 2024 – 3.54pm. Data is 20 mins delayed.

    Previous Close

    1.195

    Open

    1.195

    Day Range

    1.185 - 1.195

    52 Week Range

    1.035 - 1.360

    Volume

    1,110,437

    Value

    1,321,413

    Bid

    1.190

    Ask

    1.195

    Dividend Yield

    4.60%

    P/E Ratio

    11.18

    Market Cap

    559.270M

    Total Issue

    469,974,679

    ASX Announcements

    Notification of cessation of securities - PPC

    Appendix 3H (Notification of cessation of securities)

    • May 17, 2024
    • 4 pages

    Daily share buy-back notice

    Daily Share Buy-Back Notice

    • May 15, 2024
    • 2 pages

    Daily share buy-back notice

    Daily Share Buy-Back Notice

    • May 14, 2024
    • 2 pages

    Notification of cessation of securities - PPC

    Appendix 3H (Notification of cessation of securities)

    • May 10, 2024
    • 4 pages

    Daily share buy-back notice

    Daily Share Buy-Back Notice

    • May 10, 2024
    • 2 pages

    View all PPC announcements

    May 2023

    Consumers and investors have been reluctant to buy off the plan.

    Not all construction companies are a mess – this is where to look

    With high underlying demand, there are lucrative potential returns for those that can survive current pressures.

    • Elio D'Amato

    October 2020

    360 Capital's Tony Pitt is calling time on its Peet investment.

    360 Capital moves on from Peet Limited

    Tony Pitt-led real estate fund manager 360 Capital's whirlwind journey onto listed residential developer Peet Limited's share register is coming to a close. 

    • Sarah Thompson, Anthony Macdonald and Tim Boyd

    August 2020

    UBS's equities desk was hunting for a stake in Peet on Monday night.

    UBS helps mystery buyer hunt for Peet stake

    Its equities desk is trying to snatch a substantial holding in the listed residential developer for an unnamed buyer. 

    • Sarah Thompson, Anthony Macdonald and Tim Boyd

    Divestment plan puts Peet in the red

    A sharp drop in settlements and the cost of divesting non-core projects resulted in a statutory loss for the residential developer.

    • Nila Sweeney
    Peet's shares are trading up almost 20 per cent since Wednesday last week.

    Mystery buyer snaps up toehold stake in activist target Peet Ltd

    Fund managers' eyes are trained on the listed residential developer and the smoke signals are flying.

    • Sarah Thompson, Anthony Macdonald and Tim Boyd
    Advertisement

    July 2020

    ASX rises; Afterpay cracks $75, tops $20b market cap

    The Australian sharemarket rises 0.6 per cent as miners, banks advance. Afterpay joins 20 largest companies after 11 per cent surge. Sezzle soars 42pc. Treasury Wine Estates warns of 21 per cent earnings slump. ASX extends capital raising relief until November 30.

    • Robert Guy, Vesna Poljak, Sarah Turner, William McInnes, Tom Richardson and Luke Housego

    February 2020

    Peet CEO Brendan Gore

    Peet earnings slump on lower settlements

    Developer points to higher sales figures, but says FY20 will still be worse than last year.

    • Michael Bleby
    Peet chief executive Brendan Gore.

    L1 Capital takes aim at Peet Ltd, calls for strategic review

    Shareholders in $650 million listed residential developer Peet Limited have reached breaking point with the company's strategic direction.

    • Sarah Thompson, Anthony Macdonald and Tim Boyd

    August 2019

    Expecting a 'challenging' year: Peet CEO Brendan Gore.

    Peet 'cautious' about housing recovery

    Developer expects 'challenging' year ahead after sales - a leading indicator of settlements - almost halved.

    • Michael Bleby

    May 2019

    The past week has boosted the environment for residential developers.

    Outlook turns on a dime for developers

    'A week makes all the difference': dramatic political and policy changes in the past week have boosted the residential outlook for all developers.

    • Michael Bleby

    February 2018

    "While revenue and EBITDA were down, the group continues to deliver on its stated strategies, resulting in strong operating margins": Brendan Gore, CEO of Peet Group.

    PEET targets earnings growth in second half of year

    Lot sales and settlements fell at PEET Group in the six months to December as the WA-based developer and fund manager reported a 4 per cent fall in before-tax earnings, which came in at $41.7 million

    • Updated
    • Larry Schlesinger

    September 2017

    Wilson Asset Management expects the capital expenditure boom to continue with a new wave of infrastructure investment to be focused on the country's west.

    Western Australia is in better shape for growth than you probably think

    The rebound of the mining and mining services sectors was the standout story amid last month's generally underwhelming company results announcements.

    • Updated
    • Chris Stott

    February 2017

    No improvement in Perth housing market in 2017: PEET

    WA-based residential developer and fund manager PEET says there will be no improvement in the Perth housing market in 2017.

    • Updated
    • Larry Schlesinger

    July 2016

    Peet links with Thai developer Supalai for Redbank Plains project

    Development and funds management group Peet has formed a new joint venture fund with Thai heavyweight developer Supalai Public Company to develop a housing estate in Brisbane.

    • Updated
    • Robert Harley and Nick Lenaghan

    May 2016

    Peet finds a buyer for shopping centre in Melbourne's north

    Listed developer Peet Group has sold a retail development site at one of its housing estates in Melbourne to a private developer for a little more than $11 million.

    • Updated
    • Nick Lenaghan
    Advertisement

    Developer Peet to diversify capital with $75m bond offer

    Peet Limited will raise up to $75 million to refinance existing debt and diversify its capital structure as it seeks to strengthen its balance sheet.

    • Updated
    • Michael Bleby

    February 2016

    Perth's Peet rides higher in the east

    Residential developer Peet Group has a record number of contracts in hand as buoyant east coast markets helping it to an 8 per cent lift in its 2016 interim profit.

    • Updated
    • Nick Lenaghan

    Ouson Group pays $74m for site near Ned Kelly birthplace

    Melbourne developer Ouson Group has paid about $74 million to acquire a140 hectare greenfield site in the rural hamlet of Beveridge, most famous as the birthplace of the outlaw bushranger Ned Kelly.

    • Updated
    • Larry Schlesinger

    January 2016

    Pointcorp switches focus to house and land packages over inner-city apartments

    Developers who tripled their money selling a $24 million property are sceptical about Brisbane's apartment boom and will diversify into houses and land.

    • Updated
    • Matthew Cranston
    A quarter share of Tower One at Barangaroo sold to Asian investors for $350m over the holidays.

    Christmas property deals top $1b as momentum builds for strong 2016

    More than $1 billion worth of real estate changed hands over the Christmas and New Year holiday period, taking total deals for 2015 to $35 billion

    • Updated
    • Larry Schlesinger

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