CROMWELL GROUP
Reiterate 10cps Operating Earnings for FY08
CMW - Revaluations and Confirmation of Earnings Guidance - Mr Paul Weightman, Managing Director and CEO
Thu, 24 Jul 2008 12:00PM
Consensus Data
| Broker | EPS (A$) | Sales (A$) | ||
|---|---|---|---|---|
| 2009 | 2010 | 2009 | 2010 | |
| Patersons | 97.2 | 95 | 113.2 | 103.6 |
| ABN AMRO Morgans | 0.1 | 0.1 | 139.1 | 150 |
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Mr Paul Weightman
Thu, 24 Jul 2008
12:00PM Australia/NSW
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CROMWELL GROUP (CMW)
ASX code: CMW
Website: http://www.cromwell.com.au
Industry: Real Estate
Principal Activities:
Property development, investment and management, including the promotion and management of property syndicates and property trusts.
Address:
, , 200 Mary Street,
BRISBANE
QLD
Phone: (07) 3225-7777
Fax: (07) 3225-7788
Executives & Directors
Mr Geoffrey Levy, AO , Non Exec. Chairman
Mr Paul L Weightman , CEO, Executive Director
Mr William Richard Foster , Executive Director
Ms Michelle Ann McKellar , Non Exec. Director
Mr Robert Pullar , Non Exec. Director
Mr David Usasz , Independent Director
Mr Daryl Wilson , Finance Director
Mr Pat Howard , Chief Op. Officer
Ms Nicole Riethmuller , Company Secretary
Company Podcasts
Company ASX Announcements
Company ASX announcements can be viewed on the ASX website.
Announcements from the preceding six months are shown below.
Please refer to the relevant stock exchange if any of the above information is incorrect
CROMWELL GROUP (CMW) Events
| Company (Stock Code) | Date/Time | Event |
Timezone: Australia/NSW |
|---|---|---|---|
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Thu, 19 Feb 2009 12:00PM |
CMW - Cromwell 2009 Half Year Results - Interview with Mr Paul Weightman, Managing Director and CEO |
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Thu, 30 Oct 2008 09:00AM |
CMW - 2008 Annual General Meeting Overview - Mr Paul Weightman, Managing Director and CEO |
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Wed, 20 Aug 2008 11:15AM |
CMW - FY 2008 Results - Mr Paul Weightman, Managing Director and CEO |
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Thu, 24 Jul 2008 12:00PM |
CMW - Revaluations and Confirmation of Earnings Guidance - Mr Paul Weightman, Managing Director and CEO |
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Tue, 1 Jul 2008 11:45AM |
CMW - Cromwell Settles $166 Million Tuggeranong Office Park - Mr Paul Weightman, Managing Director and CEO |
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Wed, 23 Apr 2008 11:45AM |
CMW - Cromwell Launches a Property Securities Fund - Mr Paul Weightman, Chairman |
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CROMWELL GROUP
(CMW)
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Wed, 9 Apr 2008 04:45PM |
CMW - State of the Property Sector - Mr Daryl Wilson, Finance Director |
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CROMWELL GROUP
(CMW)
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Wed, 20 Feb 2008 02:45PM |
CMW - 2008 Half Year Results - Mr Paul Weightman, Chairman |
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CROMWELL GROUP
(CMW)
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Fri, 25 Jan 2008 11:30AM |
CMW - Securityholder Update - Mr Paul Weightman, Chairman |
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CROMWELL GROUP
(CMW)
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Tue, 28 Aug 2007 06:00PM |
CMW - 2007 Full Year Results - Mr Paul Weightman, CEO |
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CROMWELL GROUP
(CMW)
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Wed, 28 Oct 2009 | Annual General Meeting | |
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CROMWELL GROUP
(CMW)
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Mon, 31 Aug 2009 | Date Payable | |
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CROMWELL GROUP
(CMW)
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Tue, 30 Jun 2009 | Record Date | |
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CROMWELL GROUP
(CMW)
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Wed, 24 Jun 2009 | Ex Div Date | |
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CROMWELL GROUP
(CMW)
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Fri, 15 May 2009 | Date Payable | |
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CROMWELL GROUP
(CMW)
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Tue, 14 Apr 2009 | Record Date | |
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CROMWELL GROUP
(CMW)
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Mon, 6 Apr 2009 | Ex Div Date | |
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CROMWELL GROUP
(CMW)
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Tue, 17 Feb 2009 11:00PM |
Interim Results | |
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CROMWELL GROUP
(CMW)
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Wed, 29 Oct 2008 01:00PM 01:00PM Australia/Queensland |
Annual General Meeting Level 5, Riverside Centre, 123 Eagle Street, Brisbane
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CROMWELL GROUP
(CMW)
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Fri, 29 Aug 2008 | Date Payable | |
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CROMWELL GROUP
(CMW)
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Tue, 19 Aug 2008 | Full Year Results | |
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CROMWELL GROUP
(CMW)
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Mon, 30 Jun 2008 | Record Date | |
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CROMWELL GROUP
(CMW)
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Tue, 24 Jun 2008 | Ex Div Date | |
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CROMWELL GROUP
(CMW)
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Thu, 15 May 2008 | Date Payable | |
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CROMWELL GROUP
(CMW)
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Sun, 30 Mar 2008 11:00PM |
Record Date | |
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CROMWELL GROUP
(CMW)
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Mon, 24 Mar 2008 11:00PM |
Ex Div Date | |
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CROMWELL GROUP
(CMW)
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Tue, 19 Feb 2008 11:00PM |
Interim Results | |
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CROMWELL GROUP
(CMW)
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Thu, 14 Feb 2008 11:00PM |
Date Payable | |
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CROMWELL GROUP
(CMW)
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Sun, 30 Dec 2007 11:00PM |
Record Date | |
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CROMWELL GROUP
(CMW)
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Thu, 20 Dec 2007 11:00PM |
Ex Div Date | |
  Displaying 1-20 of 54 events
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CROMWELL GROUP (CMW)
| Purchase of Energex Building Expected to Settle in July | Wed, 1 Jul 2009 |
| Change of Director`s Interest Notice | Thu, 25 Jun 2009 |
| June Quarter 2009 Distribution and FY09 Operating Earnings | Fri, 19 Jun 2009 |
| Change of Director`s Interest Notice | Tue, 9 Jun 2009 |
| Distribution for the Qtr ended 31 March 2009 - Tax Component | Fri, 15 May 2009 |
| Cromwell Group - Quarterly Update to 31 March 2009 | Fri, 15 May 2009 |
| Cromwell Completes CMBS Repayment | Wed, 22 Apr 2009 |
| March Quarter 2009 Distribution | Tue, 31 Mar 2009 |
| Notification of Stapled Security Cancellation | Thu, 19 Mar 2009 |
| Change of Director`s Interest Notice | Wed, 11 Mar 2009 |
Please note: This company appears on this website as a result of its listing on the Australian Securities Exchange. Boardroom Radio does not claim any association with any company listed on this site.
INTERVIEW WITH PAUL WEIGHTMAN, MANAGING DIRECTOR AND CHIEF EXECUTIVE OFFICER OF CROMWELL GROUP (CMW)
“Reiterate 10cps Operating Earnings for FY08”
http://www.brr.com.au/event/48160
THURSDAY, JULY 24, 2008, 12:00 PM.
BRR Today Boardroom Radio speaks with the Managing Director and CEO of Cromwell Group, Mr. Paul Weightman. Welcome to Boardroom Radio, Paul.
10 CMW Thanks, Terence.
BRR Paul, you did announce recently some revaluations and also confirming your FY08 operating earnings. Obviously, good news in this environment.
CMW Yes, Terence. We have had a very good year. We have operated pretty
15 conservatively over the last two years and have been out of the market at a time when things were hot. We are very pleased to bring these valuations to the market and we are happy to confirm our previous guidance.
BRR Paul, Cromwell has chosen to focus on, as you have said, quality, non-
20 residential Australian assets with long lease profiles. Tell us a little bit about your portfolio?
CMW Terence, we have always focused on good, strong, secure cash flow. It has been the hallmark of the Company since we started. It has been a key feature of all the funds that we have developed and promoted. We have got a very
25 solid weighted average lease expiry now of almost six years. We have, we believe, the opportunity to further improve on that in the coming years. Our focus is on principally commercial office. The vast majority well in excess of 85% of all their rentals either come from blue chip ASX companies or commonwealth and state governments.
30
BRR Paul, as you have mentioned, you have confirmed your operating earnings for FY08 and you have also confirmed that there is no change to your distribution policy.
CMW That is right, Terence. We are happy to reiterate earlier guidance of $0.10 per
35 security or approximately $70 million of cash operating earnings and distributions, much so that unlike a lot of other entities in this sector we have only ever distributed cash operating earnings. So that (inaudible) (0:01:44) and probably distinguishes us from a lot of other entities in the present climate.
40
BRR Paul, certainly some good news out from Cromwell Group. Thanks very much today for the updates on the Company.
CMW Thanks very much, Terence.
45 BRR Remember, if you have any questions about this broadcast or any others, please feel free to send me an e-mail at brr@brr.com.au or via the Contact Us button on the home page. I am Terence Bell. Thanks for listening to Boardroom Radio.
INTERVIEW CONCLUDED
Contact brr@brr.com.au for more information
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