We could not find any results for:
Make sure your spelling is correct or try broadening your search.
Register for real-time alerts, custom portfolio, and market movers
| Share Name | Share Symbol | Market | Type |
|---|---|---|---|
| Guardian Capital Group Ltd | TSX:GCG | Toronto | Common Stock |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.00 | 0.00% | 44.01 | 44.75 | 45.42 | 0 | 15:43:19 |
Hot Features
Premium
Guardian Capital Group Limited (TSX:GCG)(TSX:GCG.A)
All per share figures disclosed below are stated on a diluted basis.
----------------------------------------------------------------------------
----------------------------------------------------------------------------
For the years ended December 31
($ in thousands, except per share amounts) 2013 2012
----------------------------------------------------------------------------
----------------------------------------------------------------------------
Net revenue $ 101,278 $ 86,360
Operating earnings 26,931 20,138
Net gains 11,637 1,337
Net earnings before net gains (losses) on securities
held for sale 34,801 18,200
Net gains (losses) on securities held for sale (58) 4,559
Net earnings available to shareholders 34,432 22,556
----------------------------------------------------------------------------
EBITDA available to shareholders $ 32,307 $ 25,183
Adjusted cash flow from operations available to
shareholders 27,622 21,280
----------------------------------------------------------------------------
Per Share
Net earnings before net gains (losses) on securities
held for sale $ 1.11 $ 0.57
Net earnings available to shareholders 1.11 0.71
EBITDA available to shareholders 1.04 0.78
Adjusted cash flow from operations available to
shareholders 0.89 0.66
----------------------------------------------------------------------------
----------------------------------------------------------------------------
As at December 31
($ in millions, except per share amounts) 2013 2012
----------------------------------------------------------------------------
----------------------------------------------------------------------------
Assets under management $ 22,228 $ 18,832
Assets under administration 11,559 9,918
Value of corporate holdings of securities 449 380
Shareholders' equity 415 354
----------------------------------------------------------------------------
Per Share
Value of corporate holdings of securities $ 14.26 $ 11.99
Shareholders' equity 13.17 11.16
----------------------------------------------------------------------------
The Company completed a successful year, generating asset growth through
relatively strong performance and net asset flows. The assets under management
were $22.2 billion as at December 31, 2013, an increase of 18% from $18.8
billion as at December 31, 2012. Assets under administration were $11.6 billion
as at December 31, 2013, an increase of 17% from $9.9 billion as at December 31,
2012.
The Company's operating earnings for the year were $26.9 million, a 34% growth
from $20.1 million in 2012. All segments of the Company's operations contributed
to the overall growth in operating earnings.
Net gains for the year increased significantly, with approximately one-half of
the gains being from the sale of 160,000 of the Bank of Montreal shares. Net
gains (losses) on securities held for sale were lower during the year as the
bulk of these securities were reclassified to securities holdings during the
year, and subsequent changes in unrealized gains or losses were recorded in
other comprehensive income.
Net earnings available to shareholders for the year were $34.4 million, or $1.11
per share, a 53% growth compared to $22.6 million, or $0.71 per share, for 2012.
The increase in net earnings was due to a combination of strong operating
earnings growth and a significant increase in net gains, offset by lower net
gains (losses) on securities held for sale.
EBITDA available to shareholders for the year was $32.3 million, or $1.04 per
share, compared to $25.2 million, or $0.78 per share for 2012. Adjusted cash
flow from operations available to shareholders for the year was $27.6 million,
or $0.89 per share, compared to $21.3 million, or $0.66 per share for 2012.
These two non-IFRS financial measures used by the Company are defined in its
quarterly and annual Management's Discussion and Analysis. The increases in each
of these measures reflect the strong growth in operating earnings for the year.
The fair value of the Company's holdings of securities as at December 31, 2013
was $449.2 million, or $14.26 per share, compared to $380.0 million, or $11.99
per share, as at December 31, 2012. The Company's shareholders' equity as at
December 31, 2013 was $415.0 million, or $13.17 per share, compared to $353.8
million, or $11.16 per share, at December 31, 2012.
The Board of Directors has declared a quarterly eligible dividend of $0.055 per
share, payable on April 17, 2014, to shareholders of record on April 10, 2014.
Guardian Capital Group Limited is a diversified financial services company
founded in 1962. Guardian provides institutional and high net worth investment
management services to clients; financial services to international investors;
and services to financial advisors in its national mutual fund dealer,
securities dealer, and insurance distribution network. Its Common and Class A
shares are listed on The Toronto Stock Exchange.
The following table summarizes Guardian's financial results for the past eight
quarters.
------------------------------------------------------
------------------------------------------------------
Quarters ended Dec 31, Sep 30, Jun 30,
($ in
thousands) 2013 2013 2013
------------------------------------------------------
------------------------------------------------------
Net revenue $ 27,907 $ 25,173 $ 25,041 $
Operating
earnings 8,564 6,898 6,390
Net gains 7,218 3,183 666
Net earnings
before net
gains (losses)
on securities
held for sale 14,879 8,602 6,255
Net gains
(losses) on
securities
held for sale 238 432 (1,243)
Net earnings
(loss)
available to
shareholders 14,980 8,946 4,963
Shareholders'
equity 414,985 393,670 354,622
------------------------------------------------------
(in $)
Per average
Class A and
Common Share
Net earnings
before net
gains (losses)
on securities
held for sale:
- Basic $ 0.48 $ 0.28 $ 0.20 $
- Diluted 0.47 0.27 0.20
------------------------------------------------------
Net earnings
(loss)
available to
shareholders:
- Basic $ 0.49 $ 0.29 $ 0.16 $
- Diluted 0.48 0.29 0.16
------------------------------------------------------
Shareholders'
equity
- Basic $ 13.68 $ 12.94 $ 11.64 $
- Diluted 13.17 12.51 11.27
------------------------------------------------------
----------------------------------------------------------------------------
----------------------------------------------------------------------------
Quarters ended Mar 31, Dec 31, Sep 30, Jun 30, Mar 31,
($ in
thousands) 2013 2012 2012 2012 2012
----------------------------------------------------------------------------
----------------------------------------------------------------------------
Net revenue 23,157 $ 24,146 $ 21,370 $ 20,415 $ 20,429
Operating
earnings 5,079 5,791 4,647 4,860 4,840
Net gains 570 (144) 2,045 (548) (16)
Net earnings
before net
gains (losses)
on securities
held for sale 5,065 4,938 6,045 2,838 4,379
Net gains
(losses) on
securities
held for sale 515 1,084 2,849 (2,961) 3,587
Net earnings
(loss)
available to
shareholders 5,543 5,915 8,750 (114) 8,005
Shareholders'
equity 366,519 353,756 336,362 323,690 340,096
----------------------------------------------------------------------------
(in $)
Per average
Class A and
Common Share
Net earnings
before net
gains (losses)
on securities
held for sale:
- Basic 0.16 $ 0.16 $ 0.19 $ 0.09 $ 0.14
- Diluted 0.16 0.15 0.18 0.09 0.14
----------------------------------------------------------------------------
Net earnings
(loss)
available to
shareholders:
- Basic 0.18 $ 0.19 $ 0.28 $ (0.00) $ 0.25
- Diluted 0.18 0.19 0.27 (0.00) 0.25
----------------------------------------------------------------------------
Shareholders'
equity
- Basic 11.97 $ 11.44 $ 10.78 $ 10.29 $ 10.72
- Diluted 11.59 11.16 10.54 10.06 10.48
----------------------------------------------------------------------------
FOR FURTHER INFORMATION PLEASE CONTACT:
Guardian Capital Group Limited
Vern Christensen
Senior Vice-President and Secretary
(416) 947-4093
Guardian Capital Group Limited
George Mavroudis
President and Chief Executive Officer
(416) 364-8341
1 Year Guardian Capital Chart |
1 Month Guardian Capital Chart |
It looks like you are not logged in. Click the button below to log in and keep track of your recent history.
Support: +44 (0) 203 8794 460 | support@advfn.com
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions
