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Showing 541 - 550 of 1637 results for "valuation"

BlackRock wins monumental mandate

ANNABELLE DICKSON  |  THURSDAY, 3 JUN 2021
In what is reportedly one of the biggest transfers of retirement savings to date, BlackRock has won the first external investment mandate for two of the largest defined benefit schemes in the UK. BlackRock will be the outsourced chief investment officer ...

PEXA to IPO in June

ANNABELLE DICKSON  |  MONDAY, 31 MAY 2021
... undertaken on Friday valuing PEXA at $3.3 billion, representing an increase of approximately 70% on the consortium's implied valuation of PEXA at $1.95 billion." In its December 2020 half-year results, Link reported PEXA's transaction volumes grew ...

Retirees freed from legacy products

ANNABELLE DICKSON  |  TUESDAY, 11 MAY 2021
... starting a new retirement product will be limited by the transfer balance cap rules and existing transfer balance cap valuation methods for the legacy product will apply. "The ability to move out of legacy pension products, many of which are outdated ...

Housing market reaches new heights

ANNABELLE DICKSON  |  FRIDAY, 7 MAY 2021
... estimated 1.3% of mortgages to be in a negative equity position at the start of the year. Despite this, the increased valuation poses as a challenge for people looking to enter the housing market. "However, for many Australians looking to get a foot ...

Restructurer and auction house form JV

ANNABELLE DICKSON  |  FRIDAY, 23 APR 2021
Gordon Brothers and Ritchie Bros. have created a joint venture to service the Australian and South-East Asian insolvency and restructuring market. Gordon Brothers is an independent advisory firm that provides restructuring and asset remarketing while ...

Latitude IPOs despite spotted past

ELIZABETH MCARTHUR  |  WEDNESDAY, 21 APR 2021
Latitude Financial has listed on the ASX on its third attempt with a market valuation of $2.7 billion, despite its past controversies. The company successfully listed yesterday, with one billion shares offered at $2.60 at the time of float before the ...

Chief economist update: The pause that refreshes

BENJAMIN ONG  |  WEDNESDAY, 21 APR 2021
... crowd... rising geo-political tensions - US versus China, Russia and Iran. It's also no secret that the S&P 500's valuation are stretched. Factset data shows it's now trading at a P/E (price-to-earnings) ratio of 22.6. This is way beyond ...

Mainstream moves forward with SS&C

ANNABELLE DICKSON  |  MONDAY, 19 APR 2021
... break fee. SS&C's offer is to acquire 100% of Mainstream at $2 per share, valuing the company at $285.7 million. The valuation is 25.8x Mainstream's EBDITDA guidance and is an 87.2% premium to its equity of $152.6 million. SS&C's offer is at ...

Two Aussie CIOs on top 100 list

KANIKA SOOD  |  FRIDAY, 16 APR 2021
Two Australian chief investment officers made the annual Power 100 list published by Chief Investment Officer. Con Michalakis, who has been Statewide Super's chief investment officer since 2008, was on the list alongside $171 billion Future Fund's ...

Mainstream obtains superior takeover offer

ANNABELLE DICKSON  |  TUESDAY, 13 APR 2021
... implementation deed with Mainstream to acquire 100% of the company at $2 per share, valuing Mainstream at $285.7 million. The valuation is 25.8x Mainstream's EBDITDA guidance and is an 87.2% premium to its equity of $152.6 million. SS&C's offer is at ...