News Source: Sydney Morning Herald
| 3 months ago
The former Rams Home Loans group has built up a $210 million cash buffer to meet any call on its reserves to cover loan commitments after making a record profit in its short history as a listed company. But there will be no dividend payment for its...
News Source: The Age
| 3 months ago
Elders hopes to secure its future later this week through an institutional-backed $400 million-plus capital raising that will trigger a new financing deal with its bankers. Having brought in insurer QBE as a cornerstone investor through the sale of...
News Source: Sydney Morning Herald
| 3 months ago
00PM The GPT Group said it would acquire a 16.67 per cent of Highpoint Shopping Centre and the adjacent Maribyrnong Homemaker City Centre in Melbourne for $206.3 million. ''Highpoint is one of Australia's leading shopping centres and a great fit for...
News Source: The Age
| 3 months ago
The move, which was flagged by BusinessDay following the recent $270 million deal to sell its insurance underwriting and agency business to QBE, will seek to further reduce debt on its stressed balance sheet. QBE also committed to becoming a...
News Source: Sydney Morning Herald
| 3 months ago
Elders requested a trading halt in its shares this morning to allow the process to take place. The move comes as timber company Gunns announced today that it was acquiring an Elders subsidiary, ITC Timber, for an enterprise value of $100 million.
News Source: Sydney Morning Herald
| 3 months ago
December through the sale of Wizard, but it will still be servicing the last slice of the loan book for at least another five years. About $5 billion of mortgages has been refinanced by other lenders or followed Wizard's chain of brokers after Aussie...