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360 Capital Group (ASX:TPG) has announced an increase in earnings forecasts as the result of a property sale. Woniora Rd, Hurstville will realise a gross sale price of $47 million, a 22 per cent premium to its book value.
It also marks the final direct asset disposal of 360 Capital Groups transition to being a pure fund manager and investment group.
Forecast base earnings for FY2015 have now been lifted by 9.1 per cent to 6 cents per share whilst operating earnings are forecast at over 10 cents per share, at the upper end of previous guidance.
360 Capital Group reported net profit of $28.1 million for the 2014 financial year.
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Last
65.0¢ |
Change
0.005(0.78%) |
Mkt cap ! $140.3M | |||
| Open | High | Low | Value | Volume |
| 64.5¢ | 65.0¢ | 64.5¢ | $32.29K | 50.07K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 948 | 63.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 65.0¢ | 5764 | 1 |
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| TGP (ASX) Chart |
