Trustees Australia Provides Market Update on the Progress with Cashwerkz

Trustees Australia Limited (ASX: TAU) shares did not trade on 24 September 2018 and reflected 0.0% intra-day volatility from the last price of $0.27 as the group requested that the Australian Securities Exchange (ASX) place a voluntary suspension over shares in the company pending the release of an announcement by the company and the securities will not be trading until the prior of the beginning of normal trading on September 25, 2018 or when the announcement is released to the market. The objective of the voluntary suspension is to raise 50 million new equity by the Company through the placement. The funds raised will be used to develop the Cashwerkz platform which has gained a significant acceptance with the institutional investors in term deposits with Australia banks, advisors and dealer groups.

In another release on ASX, the company provided a market update on the progress with Cashwerkz in establishing new customers and increasing the levels of term deposits on the Cashwerkz platform. More than $715 million has moved through the platform and the pipeline of upcoming maturities from transitioning customers is expecting to achieve a target of $900m by end of October 2018. There has been a rapid increase in the momentum for Cashwerkz and positive sales pipeline, capital position and the significant value provided to those who use Cashwerkz. The flexibility has been improved in term deposit returns together with strong security and material efficiency gains.

The customer and FUM pipeline are continuing to grow with previously announced mandates starting to accelerate FUM transferring to the platform. The company’s strategy to target all investor segment groups is proving to be effective as strong growth has been witnessed across all segments, especially across the 30+ dealer groups already signed up to allow over 2000 advisers to use Cashwerkz. The Cashwerkz platform is rapidly being accepted as a trusted, reliable and secure online platform for cash investing by the larger institutional users that hold the largest volumes of term deposits in Australia. These groups include Custodians, their clients, and major Australian Superannuation Funds which are universally moving to increase investor choice in terms of the range of term deposits offered and improved transparency in investments. Part of this is driven by increased institutional awareness as an outcome of the ongoing Royal Commission into aspects of the financial sector.

The Cashwerkz platform facilitates investors and their advisers to transact in term deposits by streamlining the often-cumbersome process of providing identification and showing comparable term deposit rates and terms offered by participating Authorized Deposit-taking Institutions (ADIs).

Meanwhile, the stock has rising 12.5 per cent in the last five days as on September 17, 2018 with an average trading volume of 9,000. The group had circa $23.23 Mn market capitalization before the capital raising.Â

Dividend Stocks

Dividend Stocks To Buy

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. 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.

The content, including but not limited to any articles, news, quotes, information, data, text, reports, ratings, opinions, images, photos, graphics, graphs, charts, animations and video (Content) is a service of Kalkine Media Pty Ltd (Kalkine Media, we or us), ACN 629 651 672 and is available for personal and non-commercial use only. The principal purpose of the Content is to educate and inform. The Content does not contain or imply any recommendation or opinion intended to influence your financial decisions and must not be relied upon by you as such. Some of the Content on this website may be sponsored/non-sponsored, as applicable, but is NOT a solicitation or recommendation to buy, sell or hold the stocks of the company(s) or engage in any investment activity under discussion. Kalkine Media is neither licensed nor qualified to provide investment advice through this platform. Users should make their own enquiries about any investments and Kalkine Media strongly suggests the users to seek advice from a financial adviser, stockbroker or other professional (including taxation and legal advice), as necessary. Kalkine Media hereby disclaims any and all the liabilities to any user for any direct, indirect, implied, punitive, special, incidental or other consequential damages arising from any use of the Content on this website, which is provided without warranties. The views expressed in the Content by the guests, if any, are their own and do not necessarily represent the views or opinions of Kalkine Media. Some of the images/music that may be used on this website are copyright to their respective owner(s). Kalkine Media does not claim ownership of any of the pictures displayed/music used on this website unless stated otherwise. The images/music that may be used on this website are taken from various sources on the internet, including paid subscriptions or are believed to be in public domain. We have used reasonable efforts to accredit the source wherever it was indicated as or found to be necessary.
We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it. OK