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Showing 121 - 130 of 541 results for "IPO"

IPO Wealth ordered to wind up

ELIZA BAVIN  |  FRIDAY, 18 SEP 2020
The Supreme Court of Victoria has made a winding up order for Mayfair 101's IPO Wealth fund. In response to the decision, Mayfair said it was disappointed with the outcome and believes it will result in negative ramifications for unitholders. The embattled ...

Heine family sells Netwealth shares

KANIKA SOOD  |  THURSDAY, 27 AUG 2020
... attributed to him in company filings. "There is nothing untoward in the sale. The stock has done incredibly well since the IPO, they are still big believers in the business, they still have a very significant shareholding, and they sold it post results ...

ASIC relaxes IPO red tape

ANNABELLE DICKSON  |  THURSDAY, 27 AUG 2020
... communications to stakeholders. ASIC commissioner Cathie Armour said: "Given the significant costs involved in undertaking an IPO, our new legislative relief will help reduce the regulatory costs for companies considering going public, while upholding ...

VGI Partners profits tumble

KANIKA SOOD  |  TUESDAY, 25 AUG 2020
... compared to $20.6 million for the half year ending 30 June 2019. Normalised NPAT (that adds back amortisation of the VG1/VG8 IPO costs and unrealised fair value losses) was $9.9 million, down from $24.2 million for the 1H19. Performance in the six months ...

Ponzi scheme allegations levelled at Mayfair 101

ELIZABETH MCARTHUR  |  TUESDAY, 18 AUG 2020
... controls, to be transferred to a related company in the British Virgin Islands. It was that investment that ASIC said caused the IPO Wealth fund to come unstuck, leading to the appointment of receivers to IPO Wealth Entities. The documents also provided ...

Mayfair 101 in damage control

ELIZABETH MCARTHUR  |  MONDAY, 17 AUG 2020
... out at claims chief executive James Mawhinney may attempt to flee the country and at Vasco Trustees over its handling of the IPO Wealth Fund. ASIC asked the Federal Court last week to freeze some Mayfair 101 assets and expressed concerns Mawhinney may ...

IPOs halve off the back of COVID-19

ANNABELLE DICKSON  |  WEDNESDAY, 22 JUL 2020
... of this year with just 12 new listings compared to 23 in the same period last year, according to the latest HLB Mann Judd IPO Watch report. Of the 12 IPOs, nine listed during the market peak in February with the remaining three in the June quarter. Over ...

Hearts and Minds but no ratings

ALLY SELBY  |  TUESDAY, 21 JUL 2020
... Research Institute, the Black Dog Institute, the Charlie Teo Foundation and Westmead Children's Hospital. However, since its IPO launch the investment company has seen little growth in awareness. Perhaps, this can be chalked up to advisers only being ...

Melbourne boutique appoints head of distribution

KANIKA SOOD  |  TUESDAY, 23 JUN 2020
... advised on the boutique's billion-dollar listing of the L1 Long Short Fund on the ASX (LSF), which is still the largest LIC IPO in Australia. "We have known Chris for many years and have been impressed with his professionalism and leadership capabilities. ...

Administrators appointed to IPO Wealth

ELIZABETH MCARTHUR  |  TUESDAY, 23 JUN 2020
Voluntary administrators have been appointed to IPO Wealth, one of the main investment vehicles for embattled Mayfair 101. Darryl Kirk, Barry Wight and Rachel Burdett of turnaround and restructuring advisory firm Cor Cordis have been appointed as voluntary ...