AI assistant
COMPUTERSHARE LIMITED. — Capital/Financing Update 2007
Nov 11, 2007
64696_rns_2007-11-11_eb2d7f08-c20f-4d68-8d7d-e30f48451b75.pdf
Capital/Financing Update
Open in viewerOpens in your device viewer
==> picture [120 x 23] intentionally omitted <==
Computershare Limited
MARKET ANNOUNCEMENT
ABN 71 005 485 825 Yarra Falls, 452 Johnston Street Abbotsford Victoria 3067 Australia PO Box 103 Abbotsford Victoria 3067 Australia Telephone 61 3 9415 5000 Facsimile 61 3 9473 2500 www.computershare.com
| Teleph Facsi www |
|
|---|---|
| Date: | 12 November 2007 |
| To: | Australian Stock Exchange |
| Subject: | UPGRADE TO FINANCIAL YEAR 2008 EARNINGS GUIDANCE |
Computershare Limited (ASX:CPU) has today announced an upgrade to its earnings guidance for FY2008.
Having accelerated its usual pre-AGM process of reviewing the financial performance of the group to date and expectations for the rest of financial year 2008 (as described in the accompanying letter to ASX), Computershare expects management earnings per share growth of greater than 30% for financial year 2008. This upgrade assumes equity, interest rate and FX market conditions remain broadly consistent with current levels for the rest of the financial year.
The primary factors underlying the upgrade include:
-
A strong result from the first four months, up approximately 40% over last year’s excellent result from the same period, driven principally by higher margins in our core business.
-
Revenue growth forecast for the full year in Hong Kong (especially the continued strong IPO performance), Australia and Canada.
-
Continued efficiency improvements in operations and shared services.
-
Weakness of the US Dollar relative to currencies in other countries in which the company operates.
-
Acquisitions and capital management.
For Investor Relations contact:
Mr Darren Murphy Head of Treasury and Investor Relations Computershare Limited Ph +61-3-9415-5102 Mobile 0418 392 687 [email protected]
About Computershare Limited (CPU)
Computershare (ASX: CPU) is a global leader in share registration, employee equity plans, proxy solicitation and other specialised financial and communication services. Many of the world's largest companies employ our innovative solutions to maximise the value of their relationships with investors, employees, customers and members.
Computershare has approximately 10,000 employees across the world and serves 14,000 corporations and 100 million shareholders and employee accounts in 17 countries across five continents.
For more information, visit www.computershare.com