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    RFF   AU000000RFF5

RURAL FUNDS GROUP

(RFF)
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Rural Funds : talks FY16 results

09/02/2016 | 12:30am EDT

Rural Funds Group (ASX:RFF) Executive Manager-Funds Management Andrea Lemmon discusses the company's FY16 results and outlook.


For the year ended 30 June 2016, Rural Funds Group reported a 168 per cent increase in earnings per unit to 22.46 cents. Net asset value per unit of $1.43 was up 17 per cent on the previous corresponding period. Both of these metrics were predominantly driven by positive valuations received on our mature almond orchards.

?FY16 was a busy period for the Rural Funds Group. In October last year the company raised $35 million to fund the acquisition and establishment of a 1,500 hectare almond orchard called , located on the south side of the Murrumbidgee River in NSW.

In February, RFF announced the investment in Perth Markets and in March the acquisition of 259 hectares of Macadamia orchards at Bundaberg in Queensland. These key events, provide the foundation to many of the gains made by RFF in the past financial year and improved forecasts for FY17.  


ę Financenewsnetwork 2016
Stocks mentioned in the article
ChangeLast1st jan.
ASX LIMITED 0.14% 78.25 End-of-day quote.8.68%
RURAL FUNDS GROUP -1.93% 2.54 End-of-day quote.-1.55%
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Financials
Sales 2021 68,9 M 50,6 M 50,6 M
Net income 2021 54,0 M 39,6 M 39,6 M
Net Debt 2021 334 M 246 M 246 M
P/E ratio 2021 16,0x
Yield 2021 4,44%
Capitalization 863 M 637 M 634 M
EV / Sales 2021 17,4x
EV / Sales 2022 16,5x
Nbr of Employees -
Free-Float 93,0%
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Technical analysis trends RURAL FUNDS GROUP
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Income Statement Evolution
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Mean consensus OUTPERFORM
Number of Analysts 4
Last Close Price 2,54 AUD
Average target price 2,68 AUD
Spread / Average Target 5,48%
EPS Revisions
Managers and Directors
David Anthony Bryant Managing Director & Director
Daniel Yap Chief Financial Officer
Leslie Guy Julian Paynter Non-Executive Chairman
Tim Sheridan Chief Operating Officer
Michael Geoffrey Carroll Independent Non-Executive Director
Sector and Competitors