Financial
The return on NAB shares in FY25 could reach notable levels
November 25, 2024 04:40 PM AEDT| By Team Kalkine MediaHighlights:,National Australia Bank Ltd (ASX:NAB) shares have seen a notable 40% rise in the past year.,Despite recent challenges, including a decline in statutory net profit, NAB continues to offer attractive dividends.,Analysts are evaluating the b...
Bell Financial Seals $57.7M Deal to Acquire Selfwealth
November 25, 2024 02:07 PM AEDT| By Team Kalkine MediaHighlights,Bell Financial Group (BFG) secures,Selfwealth,(SWF) in a $57.7 million deal,.,AxiCorp's,competing bids raised the final offer price for,Selfwealth,.,Shareholder approval and regulatory clearance are pending,.,The acquisition landscape shif...
Bell Financial Group to Acquire SelfWealth in AU$57.7Mn Deal
November 25, 2024 01:28 PM AEDT| By Team Kalkine MediaHighlights,Acquisition,: Bell Financial Group (BFG) has entered into a Scheme Implementation Deed (SID) to acquire SelfWealth (SWF) for AU,$57.7 million,.,Consideration,: SelfWealth shareholders can choose between,cash,,,scrip,in BFG, or a combinatio...
Morgans Downgrades GQG Partners Amid Adani Bribery Allegations
November 25, 2024 12:21 PM AEDT| By Team Kalkine MediaHighlights,Rating Downgrade,: Morgans cuts GQG Partners' rating from "add" to "hold" and lowers its target price to $2.47.,Adani Controversy,: GQG is reviewing its investments in Adani Group, with 10% of its clients’ assets tied to related issuers.,M...
Bell Financial Group’s $58M Proposal to Acquire Selfwealth: What It Means
November 25, 2024 11:34 AM AEDT| By Team Kalkine MediaHighlights,Bell Financial proposes $58M acquisition of,Selfwealth,via scheme of arrangement.,Deal offers a 108% premium on,Selfwealth’s,last closing price.,Completion expected by March 2025, pending approvals.,Bell Financial Group (ASX:BFG) has annou...
Bell Financial Proposes Acquisition of Selfwealth in $58 Million Deal
November 25, 2024 11:12 AM AEDT| By Team Kalkine MediaHighlights,Bell Financial Group proposes $58 million acquisition of,Selfwealth,.,Deal includes a 108% premium on,Selfwealth’s,last closing price,.,Shareholders can choose cash, scrip, or a mix of both in the offer,.,Bell Financial Group (ASX:BFG) has...
GQG Partners Shares Recover After Decline Linked to Adani Bribery Allegations
November 22, 2024 05:00 PM AEDT| By Team Kalkine MediaHighlights:,GQG,shares,rebound,over 15% after recent declines.,Recovery follows market reaction to Adani bribery allegations in the US.,Broader sentiment stabilizes amid clarification on exposure.,GQG Partners saw its shares rally over 15%, reversing...
Bank Stocks Face Valuation Concerns Amid Analysts' Overvaluation Warning
November 22, 2024 04:59 PM AEDT| By Team Kalkine MediaHighlights:,Analysts suggest bank stocks could be overvalued by 58%.,ANZ and CBA face scrutiny on valuation metrics.,Rising rates and loan dynamics add complexity to bank stock outlook.,A recent analysis highlights concerns over the valuation of bank...
The Question That Guides Schroders' Martin Conlon in Evaluating ASX-Listed Companies
November 22, 2024 12:16 PM AEDT| By Team Kalkine MediaHighlights:,Focus on Technology Dependence,: Martin Conlon, head of Australian equities at Schroders, questions ASX-listed companies about their reliance on major technology providers and the risks associated with potential price hikes.,Real Economy...
Fatfish Group Expands Blockchain and Gaming Projects with New Funding
November 22, 2024 11:37 AM AEDT| By Team Kalkine MediaHighlights,Fatfish,Group secures $1.5M for blockchain and gaming assets.,Targets blockchain mining, AI gaming, and social gaming platforms.,Shares climb with strong market backing for innovative tech.,Fatfish Group (ASX:FFG) has announced a successfu...
Pinnacle Investment Shares Surge to Record High After U.S. and U.K. Asset Management Acquisitions
November 21, 2024 04:06 PM AEDT| By Team Kalkine MediaHighlights,Pinnacle Investment shares climbed,4.3% to AU$22.370,, a record high.,The company acquired stakes in,VSS Holdings LLC (22.5%),and,Pacific Asset Management (25%),for a total of,AU$142.8 million,.,Analysts applaud the move, citing enhanced g...
HMC Capital Launches DigiCo REIT in Largest Australian IPO of 2024, Valued at AU$2.75 Billion
November 21, 2024 04:02 PM AEDT| By Team Kalkine MediaHighlights,DigiCo REIT IPO valued at AU$2.75 billion,, making it the largest in 2024.,HMC Capital’s shares hit a record high, surging as much as 2.2% to AU$11.99.,DigiCo REIT to manage,AU$4.3 billion in data center assets,across Australia and the U.S...
GQG Partners Shares Sink 11% Amid Adani Fraud Charges
November 21, 2024 03:55 PM AEDT| By Team Kalkine MediaShares of GQG Partners Inc (ASX:GQG) experienced a significant decline on Thursday, falling 11% to $2.34 in afternoon trade. This sharp drop comes in the wake of troubling news surrounding Indian billionaire Gautam Adani, whose recent fraud charges i...
IAG Share Price Hits Five-Year High Amid Strong Financial Performance
November 21, 2024 03:29 PM AEDT| By Team Kalkine MediaHighlights,IAG's share price hits $8.30,: The stock has surged over 40% in 2024, surpassing the S&P/ASX 200 Index's 9% increase.,Strong financials in FY24,: IAG posted an 11% rise in net earned premiums, strong profits, and an 80% increase in its div...
GQG Partners Reviews Adani Stake Amid SEC Bribery Allegations
November 21, 2024 01:54 PM AEDT| By Team Kalkine MediaHighlights,GQG Partners reviews Adani Group holdings amidst allegations,.,SEC charges Gautam Adani and nephew over bribery claims,.,Allegations linked to a solar energy project and renewable energy firms,.,Adani Group has come under scrutiny after ch...
RBA Rate Cut Expectations Shift to May Amid Inflation Concerns
November 21, 2024 01:00 PM AEDT| By Team Kalkine MediaHighlights,RBA's rate cut timeline shifted to May, according to experts,.,Key factors include inflation trends and economic signals,.,Economists suggest a cautious approach by the central bank,.,The Reserve Bank of Australia’s (RBA) anticipated timel...
Commonwealth Bank's Share Price Surge Sparks Debate Over Valuation
November 21, 2024 11:34 AM AEDT| By Team Kalkine MediaHighlights,The share,price of,hits,record,highs, drawing scrutiny,.,Market dynamics and passive inflows drive valuation concerns,.,Short sellers persist despite,previous,challenges,.,The recent performance of Commonwealth Bank (ASX:CBA), Australia’s...
HMC Capital Powers Growth with $2.74B Data Centre REIT IPO
November 21, 2024 11:26 AM AEDT| By Team Kalkine MediaHighlights,HMC Capital announces a $2.74B data center REIT IPO,.,The new REIT,,DigiCo,,,set,to trade on ASX starting December 12,.,HMC Capital to hold an 18% stake in,DigiCo,REIT.,HMC Capital (ASX:HMC) is making headlines with a bold move to underwri...
Suncorp Group Limited's Price Action Set to Align with Elliott Wave Projections
November 20, 2024 06:32 PM AEDT| By Team Kalkine MediaHighlights:,Suncorp Group Limited is exhibiting technical signals in line with Elliott Wave projections.,The stock is currently progressing within wave (iii)-orange of wave ((v))-navy, indicating a continued upward trend.,The analysis utilizes a one-...
Australia’s Pensions Regulator Issues Warning on Death Benefit Delays
November 20, 2024 04:15 PM AEDT| By Team Kalkine MediaHighlights,AU$3.9 Trillion Industry Under Scrutiny,: ASIC warns pension funds over poor handling of death benefit claims.,Legal Action Against Cbus,: $94 billion fund faces civil proceedings over significant delays.,Industry Review Underway,: Regulat...
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