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Showing 2691 - 2700 of 12584 results for "Company"

Ponzi scheme allegations levelled at Mayfair 101

ELIZABETH MCARTHUR  |  TUESDAY, 18 AUG 2020
... did not move money between his various companies. ASIC alleged that Mawhinney caused a substantial investment, made by a company he controls, to be transferred to a related company in the British Virgin Islands. It was that investment that ASIC said ...

Tax fraud goes from paradise to prison

ANNABELLE DICKSON  |  TUESDAY, 18 AUG 2020
... scheme was established in a way so that companies would transfer all assets to its previous controllers leaving a shell company unable to pay tax debts. Once the assets were stripped, new directors and shareholders were put in before the company was ...

Take your CAPE ratio with a grain of salt

ALLY SELBY  |  MONDAY, 17 AUG 2020
... these very deep value-oriented businesses are being disrupted, while these tech giants have grown exponentially. "Their company earnings are unlikely to mean revert so relying on the CAPE ratio is likely to be problematic." Chesler argues that without ...

Fiducian posts $10.5m in FY20 profits

KANIKA SOOD  |  MONDAY, 17 AUG 2020
... 11% to $19.17 million. The corresponding profit for the segment was up 4.6% to $7.2 million. In an ASX presentation, the company said it would look to expand funds management in new markets where profitable and leverage success of the multi-manager strategies. ...

ASIC winds up illegal land banking scheme

ALLY SELBY  |  MONDAY, 17 AUG 2020
... pay part of the purchase price of the land. "ASIC understands that most of the investors' money has been paid to a company called Old Hume Pty Ltd under a contract of sale signed by Askk to purchase the land," it said. Old Hume was not the registered ...

iProsperity accused of being a Ponzi scheme

ELIZABETH MCARTHUR  |  FRIDAY, 14 AUG 2020
... to Michael Gu, the founder of iProsperity. Cor Cordis also found that the directors of iProsperity took loans from the company of $83 million with apparent receipts of $63 million. It is alleged that the directors received a net benefit of about $19 ...

Praemium shows growth in crisis

ELIZA BAVIN  |  FRIDAY, 14 AUG 2020
... Chief executive Michael Ohanessian said despite ongoing challenges in 2020 it has also been a very productive year for the company. "Several key strategic initiatives introduced in 2019 began to deliver results in 2020. Having launched a highly competitive ...

Bloomberg launches ESG ratings

ALLY SELBY  |  FRIDAY, 14 AUG 2020
... environmental, social and governance (ESG) ratings, which it says will help to provide transparent, data driven insights into company performance. Initially, Bloomberg will offer environmental and social scores for 252 oil and gas companies, as well ...

Platform business in administration

KANIKA SOOD  |  THURSDAY, 13 AUG 2020
... financial planners and their clients off Spitfire Assets Managers platforms to new advisory software as quickly as possible. Company management had already undertaken much of this work as part of the unwinding of operations as a result of the sale of ...

Contango dumps investment strategy, opens raise

ANNABELLE DICKSON  |  THURSDAY, 13 AUG 2020
... acquire up to $30,000 of shares at 62.5 cents per share. CIE has a policy to pay dividends of no less than 6.5% of the company's net tangible asset (NTA) value per share. Following a review of the strategy and dividend policy, CIE has been unable to ...