Some money has been owed to the creditors of Big Un Limited. These creditors would be meeting again as the administrator which was appointed by the company demanded more time in order to carefully look at the assets which could be sold. On September 27, 2018, post the creditors’ meet, the administrator stated that additional time allotted might help it delve deeper into the business fundamentals of the company. With the help of additional time, the administrator could also focus on the historical performance of the company. Deloitte Restructuring Services has been acting as the administrator of the Big Un.
According to Deloitte Restructuring Services, further investigations would be helpful for the creditors as the company could allow the appropriate value for the assets which could be sold. The investigations have been revolving around the context that the security which was held by FC Capital over Big Review TV has been given to AS Capital Ventures. Big Review TV is the subsidiary of Big Un. After FC Capital disbursed the funds to Big Un’s subsidiary, the stock price of Big Un witnessed the strong momentum. The price rose to around $5 from 20? before the stock was put in suspension in February this year in the midst of calls by regulators to reveal the financing course of action.
AS Capital Ventures entered into an agreement with the Big Review TV which allowed that the AS Capital has access to the assets which the company acquired after the restructuring was done of Big Review TV. However, these assets have been given to the company named Franki Global which is in the US. Franki Global have employed the number of staffs of Big Review TV. During the settlement of the dues, the topmost priority would be given to Richard Evertz. He has been claiming $1.3 million redundancy payment. He was the CEO of Big Un and ended his services in May. After that, the settlement of Big Neo would be done. This company has been demanding $9,00,000.
The Income available from dividends remains attractive for many investors.
We take a look at the best yields on the market and assess what they say about a company’s prospect.
One Thing is certain, though, Australia interest rates are still low, making income difficult to come by and keeping the focus for many investors on high yielding stocks. Kalkine’s team of analysts bought you handpicked report for “Top 25 Dividend Stocks For 2018.”
ASX-relevant Special Reports are published year-round to provide a detailed analysis into an investing opportunity or a potential risk to your portfolio.
Click here to get your free report.
The advice given by Kalkine Pty Ltd and provided on this website is general information only and it does not take into account your investment objectives, financial situation or needs. You should therefore consider whether the advice is appropriate to your investment objectives, financial situation and needs before acting upon it. You should seek advice from a financial adviser, stockbroker or other professional (including taxation and legal advice) as necessary before acting on any advice. Not all investments are appropriate for all people. Kalkinemedia.com and associated websites are published by Kalkine Pty Ltd ABN 34 154 808 312 (Australian Financial Services License Number 425376). website), employees and/or associates of Kalkine Pty Ltd do not hold positions in any of the stocks covered on the website. These stocks can change any time and readers of the reports should not consider these stocks as advice or recommendations.
There is no investor left unperturbed with the ongoing trade conflicts between US-China and the devastating bushfire in Australia.
Are you wondering if the year 2020 might not have taken the right start? Dividend stocks could be the answer to that question.
As interest rates in Australia are already at record low levels, find out which dividend stocks are viewed as the most attractive investment opportunity in the current scenario in our report.