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Challenger Financial Services (CGF) have a Buy 2 share trading recommendation and a price target of $5 per ... has acquired $2billion book of annuities for zero cost. CGF will assume $2bn of assets (& liabilities) from MetLife around July 2007. CGF will take up to $10m of one-off restructuring charges for the integration ...

Recommendations - Craig Strzelecki - 14/11/2007 - 13:13 - 0 comments - 0 attachments

Challenger Financial (CGF) has a Buy 2 shares recommendation and a $4.60 share price target from shares analyst UBS. CGF have reviewed their balance sheet structure. The shares analyst has noted that CGF has a relatively unlevered balance sheet with gearing of just 4.4% at 2H06. ...

Recommendations - Craig Strzelecki - 14/11/2007 - 14:34 - 0 comments - 0 attachments

Challenger Group (CGF) has a price target of $6.75 with a Buy Recommendation from Australian ... accumulation-based products. Challenger Group (CGF) asset funding mix already changing: Annuities form a key component of CGF's Asset Mgt balance sheet, providing c$2.1bn of $3.5bn asset funding at ...

Recommendations - Craig Strzelecki - 14/11/2007 - 03:39 - 0 comments - 0 attachments

Challenger Financial (CGF) has a Buy 2 stock recommendation from stock analyst and investment ... at $3.50 (vs. the market price $3.24). More importantly CGF will now account for distributions from CIF (as a portfolio investor) ... b/s growth (20cps) and implies 15.9x diluted 08E. CGF has recently: (1) sold properties into CDI realising c$429m cash (2) raised ...

Recommendations - Craig Strzelecki - 22/11/2007 - 04:42 - 0 comments - 0 attachments

Challenger Financial Services Group (CGF) has a Buy 2 share trading recommendation and a $5 price target from ... 52% in 1H07 from 43% in 2H06. Earnings upside exists if CGF can continue to exceed RONA hurdles. Analyst earnings growth slowdown ... is predicated on reversion to 'normalised' RONA c.19%. CGF delivered 1H07 (vs. pcp): Funds Managemnt: EBIT +141% at EBIT mgn 30.6%, ...

Recommendations - Craig Strzelecki - 14/11/2007 - 13:26 - 0 comments - 0 attachments

Challenger Financial Services (CGF) has a Buy 2 share recommendation and an increased price target of $5.75 per share from analyst UBS. During 1H07 CGF's Asset Mgt business delivered pre-tax RONA of 30%, above divisional ... is ~3% to group earnings in FY08E. Challenger Financial (CGF) remains a key pick in financials for the analyst. Their EPS forecasts ...

Recommendations - Craig Strzelecki - 14/11/2007 - 09:22 - 0 comments - 0 attachments

Challenger Financial Services (CGF) have maintained their Buy 2 shares recommendation and a $5 share price ... on the Australian Stock Exchange (ASX) under stock code CGF. You can view their investor website here . CGF was listed on the ASX on 23 December, 2003. Peter Leith Polson is the ...

Recommendations - Craig Strzelecki - 14/11/2007 - 14:29 - 0 comments - 0 attachments

Challenger Financial (CGF) have a Buy 2 share trading recommendation and a price target of $5 per ... emerging (4) investment spread expanding. Risks for CGF: (1) Mortgage Mgt potentially harvesting (2) lumpiness in asset recycling ... have released December 2006 annuities data which comfirms CGF's market position. Total annuity market sales were $111.1m in Dec06, dn ...

Recommendations - Craig Strzelecki - 14/11/2007 - 11:59 - 0 comments - 0 attachments

... has an outperform recommendation on Challenger Financial (CGF) with a price target of $4.32. The Challenger Financial stock price (CGF) rallied this Monday morning after announcing its 31st March06 Assets and ...

Recommendations - Craig Strzelecki - 23/11/2007 - 06:21 - 0 comments - 0 attachments

Challenger Financial (CGF) have an unchanged Buy 2 recommendation and a share price target of $4.20 ... to o/weight NSW exposure, mix shift to fixed rate lending (CGF u/w) and some competitive mkt pricing. Growth compares with 3.4% in June ... on the Australian Stock Exchange (ASX) under stock code CGF. You can view their investor website here . CGF was listed on the ASX on ...

Recommendations - Craig Strzelecki - 22/11/2007 - 06:43 - 0 comments - 0 attachments