pepperstone financial ipo, page-65

A lot happened in the last 16 months since I posted that. Pepperstone exited Japan due to regulatory concerns and Swiss Franc debacle. Yet they made $25 mil NPAT for FY15. So the one to keep our eyes open for.


Pepperstone back in IPO pipeline
Oct 15 2015 at 10:43 AM Updated 5 mins ago Sarah Thompson , Anthony Macdonald

Fund managers reckon it won't be long before foreign exchange broker Pepperstone Group is back knocking on their door, seeking support for a fresh tilt at the ASX boards.
The company called time on its IPO plans after it buckled to regulatory pressure and retreated from its largest market, Japan, last year and amid losses due to the blockbuster moves in the Swiss Franc after its central bank removed a peg to the euro.
Sources told Street Talk that Pepperstone, which is the nation's largest retail foreign exchange broker, had been considering a private sale in recent months, having managed to resurrect a part of the Japanese revenue, but that a listing was fast becoming Plan A.
Pepperstone made a net profit of $24.4 million from about $60 million revenue in the 2015 financial year, a report lodged with the Australian Securities and Investments Commission revealed.
Pepperstone's 2015 financial report said about 70 per cent of the company's revenue was derived from Asia, up slightly from 67 per cent a year earlier, compared with about 15 per cent for Oceania and the rest of the world respectively.
The company paid co-founders Owen Kerr, a member of the BRW Rich List, and Joe Davenport, a combined dividend of $24 million, a year after the duo took $32 million in dividends.

Read more: http://www.copyright link/street-talk/#ixzz3oabiNsYU
Follow us: @FinancialReview on Twitter | financialreview on Facebook