Category Archives: Australian Finance Stocks

One Fund Manager to Buy – Platinum Asset Management Ltd

Sale of PAI shares by investment manager: Recently, Platinum Asia Investments Limited’s (PAI) investment manager and cornerstone investor, Platinum Investment Management Limited (PIML) has sold 21.325 million shares at $1.00 per share, and has exercised 21.325 million options at the exercise price of $1.00, thus maintaining its cornerstone investment of 50 million shares in PAI. During May-2017, Funds Under Management

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BEN’s long term credit rating was downgraded by S&P to BBB+/Stable, while the short-term rating was unchanged at A-2.

S&P down grade in line with the sector: Results impacted by rising competition: Recently, in line with other banks, BEN’s long term credit rating was downgraded by S&P to BBB+/Stable, while the short-term rating was unchanged at A-2. Further, the major banks’ stand-alone credit ratings have also been downgraded by one notch. However, they will receive the benefit of a

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Bank of Queensland Limited downgraded its long-term credit rating

Better positioned for the current business environment: Recently, Standard & Poor’s (S&P) has downgraded its long-term credit rating of Bank of Queensland Limited (ASX: BOQ) to ‘BBB+’ from ‘A-’ as part of a downgrade of ratings on 23 Australian financial institutions, while maintaining a stable outlook. S&P’s decision is based on its view that continued build-up of economic imbalances in

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During H1FY17, FlexiGroup Limited’s Building for growth while focusing on cost control

Building for growth while focusing on cost control: During H1FY17, FlexiGroup Limited’s (ASX: FXL) revenue grew by 33% year on year (yoy) to $235.5m with 15% yoy increase in net income to a $47.7m, led by NZ Cards segment and Australia cards segment. However, net income was partially offset by increase in employment expenses of 35% to $43.7m. The group

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