Trust Company Limited

6.6
CHANGE
+0.05 (0.76%)
20 minute delayed prices during trading hours
VOLUME
37.1K
DAY'S HIGH
6.6
DAY'S LOW
6.4
The Trust Company Limited (the Trust Company) is a serving financial services company. It operates in two segments: Corporate Services and Personal Services. Personal Services offerings include wealth transfer planning, lifestyle care, health and personal injury services, funds management, financial planning, estates and trusts administration to intermediaries and the retail market. Corporate Services offerings include property and infrastructure custody services, r... continued
COMPARED TO..
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Trust Company Limited
The Trust Company Limited (the Trust Company) is a serving financial services company. It operates in two segments: Corporate Services and Personal Services. Personal Services offerings include wealth transfer planning, lifestyle care, health and personal injury services, funds management, financial planning, estates and trusts administration to intermediaries and the retail market. Corporate Services offerings include property and infrastructure custody services, responsible entity services, superannuation compliance and trustee services, structured finance trustee services and REIT trustee services to institutions. Its Philanthropy Services include setting up charitable structures, advice on taxation and charitable vehicles, and funds management. On May 31, 2010, it purchased 100% interest in Real Estate Capital Partners Managed Investments Limited (RECAPMIL). Effective from March 1, 2011, it owned 100% interest The New Zealand Guardian Trust Company Limited.

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Latest TRU news

FN Arena Broker Call Headlines - 9 May 2013
MAY 09, 2013
Citi rates as Sell (5) - The broker admits the acquisition of Trust Company ((TRU)) looks attractive on paper, with some meaningful EPS accretion in FY14-15 more than possible. On the other hand, Citi is concerned about the distraction it may provide and the fact Trust is a lower growth, lower multiple business. With the stock still looking expensive, the Sell, forecasts and $38.00 price target are maintained. More
8655725
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FN Arena Broker Call Headlines - 8 May 2013
MAY 08, 2013
Macquarie rates as Neutral (3) - Perpetual has made a bid for The Trust Company ((TRU)) which, if successful, would deliver a conservative 2% earnings accretion rising to 3.5% in FY16 if synergies are achieved, the broker suggests. The broker has not altered its forecasts and notes that is currently well priced on current equity inflows, suggesting another leg up in the rally is needed to drive the stock higher. Neutral retained on a $40 target. More
8655101
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BLD, CSL, FXJ, MQG, OZL, PPT
Can Bega win the cheese war?
APR 23, 2013
Takeovers can be a tricky and drawn-out process as financial services outfit Equity Trustees (ASX: EQT) is discovering. On Friday the Trust Company (ASX: TRU) responded to Equity Trustees’ takeover proposal, releasing its Target Statement and recommending shareholders reject the offer. Trust Company’s board did acknowledge the potential benefits of combining the two businesses but still rejected the offer on the grounds that Equity Trustees would be underpaying at the current bid. The market seems to agree and is betting a higher bid may eventuate, with Trust Company’s shares rising after the rejection.
8646996
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ASX, CCL, HGG, WES, EQT, TRU
+ MORE TRU NEWS
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Sharemarket basics: A Numbers GameLooking for shares to back? You'll need all the help you can get. Investing in shares can be something of a numbers game, especially when the financial press is peppered with mention of ratios such as "dividend yield" and "earnings per share". Sharemarket basics: How to Sell SharesWhen you didn't buy your shares in the first place, it's difficult to know where to start when you want to offload them. Allison Tait finds out how best to sell, sell, sell! Learners guide: Investing OverseasInvestors looking to diversify their portfolio could explore the option of investing overseas - after all, the Australian sharemarket represents only a small percentage of the world's markets.
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