Tag Archives: S&P/ASX Dividend Opportunities Index

Tabcorp’s $11 billion merger with Tatts Group

Australian Competition Tribunal approved the proposed merger of Tabcorp and Tatts and expects to publish reasons for its determination on Thursday 22 June 2017. However, the approval comes with one condition such as Tabcorp must sell the its Odyssey Gaming Services business. The company expects earnings to be realized in first full year following completion of integration of businesses, while

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Two media stocks to benefit from possible media law shakeup

During H1FY17, Nine Entertainment Co. Holdings Ltd (ASX: NEC) had reported 4.5% and 6.4% year-on-year (yoy) decline in revenue and EBITDA at $659 million and $120 million respectively. Net Profit after Tax declined by about 4% yoy to $75 million. Results were impacted by specific Items of $312 million after tax, primarily a $260 million non-cash impairment of goodwill and

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For H1FY17, Retail Food Group Ltd Acquisition of Hudson Pacific to expand the RFG’s foot print

Acquisition of Hudson Pacific to expand the RFG’s foot print: For H1FY17, Retail Food Group Ltd (ASX: RFG) has reported 9.2% yoy growth in revenue at $161.9 million and 17.3% growth in Net Profit after Tax (NPAT) to $33.5 million, while affirming the FY17 underlying NPAT guidance of 20% growth. Notably, RFG has finished the transformative Hudson Pacific Corporation (HPC)

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One consumer goods stock to buy?

Sale of the Springvale site: Asaleo Care Ltd (ASX: AHY) has entered into a sale and leaseback transaction for its Springvale manufacturing site. As per the management, sale of the Springvale site allows the company to release capital and provides opportunities to re-deploy cash into higher returning investments. The execution of these initiatives are expected to assist in the delivery

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Withdrawal of Office works IPO: Recently, the group has undertaken a strategic review of Officeworks, which included a potential initial public offering (IPO) of the business announced on 15 February 2017.

Withdrawal of Office works IPO: Recently, the group has undertaken a strategic review of Officeworks, which included a potential initial public offering (IPO) of the business announced on 15 February 2017. However, considering the current equity market conditions, the company has determined that an IPO of Officeworks in the current scenario would not realize appropriate value and postponed the IPO

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Two stocks to sell – Wesfarmers Ltd and AGL Energy Ltd

Withdrawal of Office works IPO: Recently, the group has undertaken a strategic review of Officeworks, which included a potential initial public offering (IPO) of the business announced on 15 February 2017. However, considering the current equity market conditions, the company has determined that an IPO of Officeworks in the current scenario would not realize appropriate value and postponed the IPO

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G8 Education Limited Completed the rising of $31.8m from CIPI Placement

Completed the rising of $31.8m from CIPI Placement: G8 Education Limited (ASX:GEM) has completed the revised tranche-2 placement (represents the final stage of the investment by CIPI originally announced on 20 February 2017) to CFCG Investment Partners International (Australia) Pty Ltd (CIPI). Under the CIPI Placement Revised Tranche 2, CIPI has subscribed for and been issued 8.2 million shares at

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