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Financial
Quickstep Is Positive About Its Cash Flow To Increase This Financial Year
October 26, 2018 04:45 AM AEDT| By Team Kalkine MediaQuickstep Holdings is expecting a positive cashflow for the 2019 financial year even though there was a cash outflow of $2 million in the first quarter as a result of delayed customer payments. Quickstep (ASX: QHL), which prepares parts for the defe...
AMP Limited Witnessed $2.4 billion Wipeout In A Single Day
October 26, 2018 03:24 AM AEDT| By Team Kalkine MediaOn 25 October 2018, AMP Limited?s (ASX: AMP) witnessed biggest one-day fall ever as the company?s shares slide from $3.310 on 24 October 2018 to $2.500 at the end of 25 October 2018. Due to this intraday slide, more than $2.4 billion worth of shareho...
Kidman Is In Talking To Receive Over $100 Million Funds From Partner SQM
October 25, 2018 09:03 AM AEDT| By Team Kalkine MediaAfter estimating the project capital cost of US$601 million at the start of this week, Kidman is currently in talking to receive the funds from Chile based joint venture partner Sociedad Quimica y Minera (SQM). The funding intends to partially suppo...
AMP Limited’s Shares Tumbled On ASX After Announcing Sale Of AMP Life Business
October 25, 2018 05:44 AM AEDT| By Team Kalkine MediaOn 25 October 2018, AMP Limited?s (ASX: AMP) made an announcement regarding an agreement to divest its Australian and New Zealand wealth protection and mature businesses (AMP Life) and reinsure New Zealand retail wealth protection for total proceeds...
ANZ Refused the Australia Post Deal as It Finds the Deal Unfair
October 23, 2018 01:05 PM AEDT| By Team Kalkine MediaANZ Banking Corp finds the fee to access all the branches of Australia Post to be unfair, hence refused to pay the fee of $22 million a year. As per Shayne Elliott who is the chief executive officer of ANZ, Australia Post is asking to pay three to f...
Market Update: US Markets Ended Lower As Financial Stocks Fell
October 23, 2018 08:18 AM AEDT| By Team Kalkine MediaIt seems like markets have decided to dent the investors? sentiments. Dow Jones Industrial Average ended on a weaker note as the index closed at 25,317.41 which reflects that it had shrugged off 126.93 points or 0.50% in a single day. The primary rea...
CBA Announced The Divestment Of Its 80% Interest In Indonesia Life Insurance Business
October 23, 2018 05:15 AM AEDT| By Team Kalkine MediaCommonwealth Bank of Australia (ASX: CBA) has agreed to dispose of its 80% stake in Indonesian life insurance business PT Commonwealth Life to FWD Group for the total consideration of A$426 Mn. As per the deal, its Indonesian banking business i.e., P...
IMF Bentham Limited To Launch Underwriting Capital Raising Of A$72.48 Million
October 23, 2018 03:29 AM AEDT| By Team Kalkine MediaOn 23 October 2018, IMF Bentham Limited (ASX: IMF) announced that it is launching a fully underwritten institutional placement to raise A$74.48 million. Through the placement, the company is planning to issue 26.6 million new IMF ordinary shares. The...
Cash Converters On The Downtrend
October 23, 2018 03:08 AM AEDT| By Team Kalkine MediaCash Converters International Limited (?Cash Converters?, ASX: CCV) made an announcement that the class action in relation to cash advance lending in Queensland is settled now, as at October 22, 2018. ?The other class action with regards to the perso...
Commonwealth Bank Of Australia: Update On Fees For No Service Conduct
October 22, 2018 09:21 AM AEDT| By Team Kalkine MediaCommonwealth Bank of Australia (ASX: CBA) had released an update in regard to the ?fees for no service? conduct, the inspection of which was carried out by Ernst & Young or EY. This update was related to the bank?s financial planning arm named: C...
The Chairman Of Argo Investments Provided His Outlook On Global Markets At AGM
October 22, 2018 06:52 AM AEDT| By Team Kalkine MediaOn 22 October 2018, Argo Investments Ltd (ASX: ARG) announced the results of an annual general meeting (AGM). At the meeting, the chairman Mr. Russell Higgins talked about the strong financial results and continued dividend growth of the company. He...
A Question Mark On Working Culture, Policies Of Westpac Banking Corporation: Should You Beware?
October 22, 2018 06:04 AM AEDT| By Team Kalkine MediaIt seems like everything is not well in Westpac Banking Corporation (ASX: WBC), if recent issues are to be believed. A risk manager working at Westpac Banking, one of the four big banks in Australia, stated that he has been completed ignored on the i...
Hub24 Shares Declined After Release Of Quarterly Update
October 22, 2018 03:04 AM AEDT| By Team Kalkine MediaOn 22 October 2018, Hub24 Ltd (ASX: HUB) released its quarterly update. The company reported the quarterly net inflows of $638 million, which is the highest on record for the first quarter ending September 2018. Despite the release of this news, the...
‘Difficult And Shameful Year’ For National Australia Bank
October 19, 2018 07:41 AM AEDT| By Team Kalkine MediaOn 19 October 2018, at the parliamentary committee in Canberra, the CEO of National Australia Bank (ASX: NAB) ? Mr. Andrew Thorburn announced that this year was difficult and shameful for the bank due to misconduct of its bankers. He regretted the fa...
Steadfast Upgrades Its FY19 Guidance, NPAT Estimated To Range Between $85 Million And $90 Million
October 18, 2018 11:21 AM AEDT| By Team Kalkine MediaIn the 2018 Annual General Meeting of the Steadfast Group Limited (ASX: SDF) held today, Managing Director and Chief Executive Officer Robert Kelly has announced the upgradation in FY19 guidance under which the company expects underlying EBITA to ran...
Big Fund Managers Are Making Investments In Resource Market
October 18, 2018 09:40 AM AEDT| By Team Kalkine MediaRecently, major investment funds like Resource Capital Funds, Tribeca Investment Partners and Terra Capital injected cash in the resource market due to which many small cap miners are benefitting. Resource Capital Funds is a venture capital and priv...
Platinum Capital Has Released Not So Attractive Quarterly Investment Manager's Report
October 18, 2018 07:51 AM AEDT| By Team Kalkine MediaPlatinum Capital (ASX: PMC) has released the quarterly investment manager's report which showed that the company, by quite some margin, underperformed the market. Over the last quarter PMC's portfolio returned a loss of -0.6% and 7.3% for the past ye...
Mr. David Charles Retires As MD And CEO Of Hotel Property Investments, Mr. Donald Smith Appointed To The Role
October 17, 2018 07:29 AM AEDT| By Team Kalkine MediaMr. David Charles retired from the role of HPI?s Managing Director and Chief Executive Officer, giving the helm of Hotel Property Investments to successor Mr. Donald Smith. In an announcement dated 17 October 2018, Hotel Property Investments (ASX: H...
Challenger Provides First Quarter Performance
October 17, 2018 05:56 AM AEDT| By Team Kalkine MediaChallenger Limited (ASX: CGF) - To expand its distribution and product offering, reflecting the success of Challengerâs strategy, the company has reported strong growth in annuity sales. Brian Benari, Challengerâs Chief Executive ...
Jupiter Mines Limited’s Stock Climbed On ASX After The Release Of Tshipi’s Financial Results For 1HFY19
October 17, 2018 05:07 AM AEDT| By Team Kalkine MediaAfter an investor?s presentation of Jupiter Mines Limited (ASX: JMS) in the month of October 2018, the company now happy to announce the financial results of Tshipi e? Ntle Manganese Mining (Pty) Limited for the half-yearly period ended 31 August 201...
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