Business
360 Capital (ASX:TGP) share price edges higher on earnings forecast
Fund manager 360 Capital Group Ltd (ASX: TGP) today says it expects earnings to double in FY21, as the company aims to scale up its private equity business and expand its businesses across the investment strategies. The 360 Capital share price rose by 2.5% to 82 cents after the announcement.
What else was said by 360 Capital today?
360 Capital is forecasting a distribution of 4 cents per share in FY21. As such, the company expects its earnings per share (EPS) to be above 4 cents, but more clarity around these figures will be announced in its half year FY21 results in February 2021.
The company says its focus in FY21 is to continue to scale each of the funds under its management, and to start getting efficiencies from scaling up…
-
Noosa News8 hours agoThe grey backstreet of Brisbane’s Fortitude Valley where Arnie the missing dog was found dead in his owner Nathan McKeown’s black ute
-
General19 hours agoMildura man given 28 years to pay $73,000 in unpaid fines and tolls
-
General22 hours agoAustralia’s race to rewire the country amid a global transmission boom is not unique
-
Business20 hours ago3 ASX 200 shares that could be top buys for growth