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Dividends up but share buybacks fall: Janus Henderson

ELIZA BAVIN  |  WEDNESDAY, 24 APR 2024
... was $181 billion lower than in 2022, a significant decline of 14% year-on-year and large enough to take 2023's buybacks below the 2021 total, too. However, the study said the decline comes from a very high base and leaves the annual total still well ...

Aware builds property portfolio, adds 726 homes

ELIZA BAVIN  |  WEDNESDAY, 24 APR 2024
... more than 930 across four sites. The launch of the projects come as Melbourne's rental vacancy rate sits at a record low, below 1%, with a surge in migration fueling demand. "This is a city crying out for more housing and we're answering the call. Our ...

S&P/ASX200 tipped to hit 8300: VanEck

KARREN VERGARA  |  TUESDAY, 23 APR 2024
... historically outperformed in prolonged market recoveries. Valuations are attractive with 12-month forward price to earnings below the historical average. Mid-caps also reported the highest upside price target revisions during the February earnings season," ...

South Australia recognised as 'economic leader'

ANDREW MCKEAN  |  MONDAY, 22 APR 2024
... average, while Victoria took third place with 8.5%. South Australia had the lowest unemployment rate (3.8%) which is 35.8% below its decade average. Western Australia came second with a jobless rate of 3.6%, which is 32.2% below its decade average. When ...

Life insurers struggle with code compliance

KARREN VERGARA  |  WEDNESDAY, 10 APR 2024
... appears to be under-reporting by others. We found that some insurers were reporting breaches and complaints in numbers far below what would be expected," McClelland said. "Rather than indicating perfect compliance, it suggests deficiencies in processes ...

Forager schedules LIT delisting

KARREN VERGARA  |  MONDAY, 8 APR 2024
... Shares Fund (FOR) is set to delist from the ASX after facing continuous limited liquidity issues and persistently trading below its net asset value. The listed investment trust (LIT) is set to delist on June 14, with trades suspending on June 10. Responsible ...

Threats outside the Australian financial system build: RBA

ANDREW MCKEAN  |  TUESDAY, 26 MAR 2024
... estate prices tend to adjust to poor conditions; price discovery has been hampered by transaction volumes that remain well below historical averages due to the gap between sellers' and buyers' price expectations and the absence of forced selling pressure," ...

Institutional investors shift gears amid 'new market regime'

ANDREW MCKEAN  |  THURSDAY, 21 MAR 2024
... debt is attracting interest from investors. Corporates were the top choice for investors allocating to investment-grade and below investment-grade fixed income markets as well as private fixed income markets," Perry said. "Investors are seeing greater ...

Low-margin clients hurt practice valuations

KARREN VERGARA  |  THURSDAY, 14 MAR 2024
... $3000 per annum. Clients that pay less than this amount tend to detract from the firm's value, seeing their multiples dip below 2x revenue. Those in the market looking to acquire an advice practice are typically put off by this client base generating ...

The tide is turning for North Asian equity markets: Maple-Brown Abbott

ELIZA BAVIN  |  TUESDAY, 12 MAR 2024
... Japan, with the entire Korean market valued at ~1.0 price-to-book and some ~69% of all companies currently listed trading below book value (versus ~47% in Japan)," Main and Ho said. In China, the first signs of reform started in January 2023, when the ...
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