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Showing 11 - 20 of 707 results for %22Cash earnings%22

Equity Trustees offloads Irish business

CHLOE WALKER  |  WEDNESDAY, 18 OCT 2023
... executive Kevin Lavery, with additional investment from Irish-based MFM Capital. The sale includes the roughly $1 million in cash the business holds for regulatory capital purposes. The transaction is expected to be completed within the next few months ...

Munich Re targets AMP over alleged reinsurance misconduct

ANDREW MCKEAN  |  WEDNESDAY, 23 AUG 2023
... culminated in AMP selling its aforementioned businesses to Resolution Life for $3 billion. The sale comprised $2.5 billion in cash and a $500 million equity interest in Resolution Life, equivalent to a 19.3% stake. The board backed this decision, citing ...

HUB24 profits surge 64%

CHLOE WALKER  |  TUESDAY, 22 AUG 2023
... buy-back program on September 11 with shares to be bought back over a 12-month period. The buy-back will be funded from existing cash reserves and the current intention, it said, is that the maximum value of shares bought back will be approximately $50 ...

KKR real estate arm reports $30m loss

CASSANDRA BALDINI  |  TUESDAY, 25 JUL 2023
... he said. Further highlights from the June period included a $799.6 million liquidity position, including $207.7 million of cash and $560 million of undrawn capacity on the corporate revolving credit agreement. It funded $177.2 million for loans closed ...

Sequoia expands professional services arm

CASSANDRA BALDINI  |  WEDNESDAY, 12 JUL 2023
... target completion date of the transaction is the end of July. The purchase consideration of up to $3.15 million is payable in cash and shares over a period of two years post completion. The final tranche is subject to a performance hurdle payable in ...

Australian Ethical selects new administrator

ANDREW MCKEAN  |  THURSDAY, 15 JUN 2023
... significant addressable market for responsible investing, and simultaneously see operating leverage emerge in the future earnings profile of the business." The super fund subsequently chose GROW, citing its shared commitment to innovation, and the potential ...

ASX red alert: Soaring negative cash flows raise concerns

ANDREW MCKEAN  |  MONDAY, 1 MAY 2023
Research by Plato Investment Management found 28% of ASX-listed companies have negative cash flow - more than any nation in the MSCI World index. Plato's head of long short strategies David Allen warned of the prevalence of negative operating cash ...

MA Financial buys marinas, launches fund

CHLOE WALKER  |  THURSDAY, 20 APR 2023
... characteristics and benefits that set them apart from traditional real estate investments," he said. "They are defensive, cash generative businesses with approximately 90% of revenues relating to boat storage, property rental and boat maintenance which ...

Cut spending and raise taxes, super preservation age: Grattan

JAMIE WILLIAMSON  |  WEDNESDAY, 12 APR 2023
... end up underwriting future inheritances," the report reads. "Under this change, older Australians who are asset-rich, but cash-poor would not need to sell their homes if they didn't want to. They could draw down against the equity in their home, via ...

Curbing super tax breaks for the wealthy: Consultation opens

ANDREW MCKEAN  |  MONDAY, 3 APR 2023
... balances could afford to pay the additional tax, she points out many small business owners and farmers are asset-rich but cash-poor.