McGrath falters on first ASX day

Original article by Robert Harley, Larry Schlesinger
The Australian Financial Review – Page: 35 : 8-Dec-15

Shares in McGrath Limited closed at $A1.835 on 7 December 2015, giving the real estate group a market capitalisation of $A227.9m. The stock was issued at $A2.10 per share, with founder John McGrath reducing his stake from 58.4 per cent to 27 per cent in the IPO. McGrath Limited expects to post a net profit after tax of $A21.1m in 2015-16, compared with $A18.3m previously.

CORPORATES
McGRATH LIMITED – ASX MEA

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