Monthly Archives: March 2016

Mcmillan Shakespeare Ltd – Massive Growth In Key Financial Metrics

Massive growth in key financial metrics: Mcmillan Shakespeare Ltd (ASX: MMS) has been appointed as one of six vehicle leasing providers for New South Wales government via Interleasing (Australia) Limited, its wholly owned subsidiary. MMS also announced its half year report for the period ending December 31, 2015 with revenue increasing by a significant 34.4% to $243.5 million, earnings before

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Rural Funds Group – Focus On New Acquisitions

Focus on new acquisitions: Rural Funds Group (ASX: RFF) announced the acquisition of three Macadamia Orchards in Queensland in February 2016. This is RFF’s first step into the Macadamia industry. RFF also announced its financial results for the half year ended December 31, 2015 with total assets at $302.5 million, an increase of 19.7% from $252.7 million on June 30,

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Cover-More Group Ltd – International Business Gaining Momentum

International business gaining momentum: Cover-More Group Ltd (ASX: CVO) announced its financial results for half year ended December 31, 2015, with growth in Asia gross sales by 28% and earnings before interest, tax, depreciation and amortization (EBITDA) by 75% over the previous corresponding period. Offshore growth was the highlight, especially in India (up 60%), UK (up 29%) and China (up

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Macquarie Group Ltd – Uncertainty In Market Conditions

Uncertainty in market conditions: Macquarie Group Ltd (ASX: MQG) has announced the selling of 9.99% stake in Southern Cross Media Group Limited (ASX: SXL) to Nine Entertainment Co. (ASX: NEC) at a price of $1.15 per share. This follows the announcement by Australia of plans to deregulate the media sector. AFR Weekend recently claimed MQG to be one the world’s

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Bank of Queensland Ltd – Investment In Improving Processes

Investment in improving processes: Bank of Queensland Ltd (ASX: BOQ) is facing representative proceedings filed against it in the Federal Court of Australia in New South Wales by Petersen Superannuation Fund Pty Ltd on behalf of certain customers over Sherwin scandal, which the bank intends to defend. BOQ is reshaping its organizational structure in line with its redefined strategy. To

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