ASX Announcements
June
Three ASX tech darlings that just broke into the big leagues
The little-known small cap tech stocks are set to join ranks of better-known peers after all rallying more than 100 per cent in the past 12 months.
- Joshua Peach
June 2023
Bravura Solutions loses CEO after less than one year
Libby Roy’s departure comes amid attempts to turn around the struggling ASX-listed group, which provides back office software to financial services firms.
- Tess Bennett
March 2023
ASX minnow catches the eye of Canadian software dynasty
Bravura Solutions has landed on the radar of Canadian investor Damien Leonard, whose father is a reclusive software billionaire.
- Tess Bennett
Bravura gets $80m recap at 53pc discount
Bravura Solutions will issue new shares at 40¢ each to help fund its mooted turnaround.
- Anthony Macdonald, Sarah Thompson and Kanika Sood
Bravura bloodbath: earnings smashed, raising battle
It’s touch and go for financial services software group Bravura Solutions, with investors baulking at terms for a mooted equity lifeline and unwilling to throw new money behind the group’s cost-out program.
- Anthony Macdonald, Sarah Thompson and Kanika Sood
February 2023
Bravura defers results, readies cash call; Macquarie on the scene
Macquarie Capital is on the scene at wealth management back-office software business Bravura, as it delays its results and readies an institutional placement.
- Anthony Macdonald, Sarah Thompson and Kanika Sood
March 2022
Movement at bombed out Bravura, Jarden crosses 6pc stake
As bankers run around and pitch Bravura Solutions as a take-private candidate, not everyone on the share register is sticking around to see whether it gets a bid.
- Anthony Macdonald, Sarah Thompson and Kanika Sood
February 2021
PE considers a trip back to Bravura
The bombed-out software business is back in private equity’s sights.
- Sarah Thompson, Anthony Macdonald and Tim Boyd
October 2020
ASX gains; Six day winning streak as banks bounce; Link soars
The Australian sharemarket notched up a sixth straight days of gains as banks rallied off their session lows. Carlyle and Pacific Equity Partners offered $5.20 a share for Link. Aware Super raised its bid for OptiComm to $6.50 a share. Bravura bought UK-based Delta for $41.5 million.
- Updated
- Robert Guy, Vesna Poljak and William McInnes
June 2020
Big investor drops 7pc Bravura stake via Goldman Sachs
One of Bravura Solutions' big shareholders isn't sticking around to see whether the company can get back to its pre-COVID highs.
- Sarah Thompson, Anthony Macdonald and Tim Boyd
March 2020
ASX please explain for Bravura director Peter Mann
In nearly three weeks since his disposal, Bravura's share price has fallen 33 per cent.
- Joe Aston
July 2019
Bravura bunker mulls one more roll of the dice
If there's one thing missing from the GBST Holdings bidding war in the past fornight, it's Bravura Solutions.
- Sarah Thompson and Anthony Macdonald
- Opinion
- Chanticleer
Tech sector's shaky start to financial 2020
Two profit downgrades and competing takeover offers in the tech sector have brought home the wonderful opportunities presented by M&A activity.
- Tony Boyd
June 2019
Bye, bye Bravura; GBST board set to back new bid
An offshore-based acquirer has won GBST Holdings' heart with a takeover bid worth more than $3 a share.
- Sarah Thompson and Anthony Macdonald
GBST asks Bravura to pay 'exclusivity deposit fee' to access data room
Bravura has upped its non-binding proposal to acquire GBST for $3 per share, but GBST wants it to pay an unusual fee before opening up its books.
- Yolanda Redrup
Bravura set to give GBST 24 hours on another sweetened bid
Bravura Solutions has decided its time for a bit of good old fashioned hardball in its campaign to buy GBST Holdings.
- Sarah Thompson and Anthony Macdonald
New tyrekicker turns up at GBST, ready to battle Bravura
The alarm bells are well and truly ringing at Australian financial software company GBST Holdings.
- Sarah Thompson and Anthony Macdonald
Bravura will need round three to win GBST
Financial services software company Bravura Solutions will need to bid against itself for a second time if it is to have any chance of securing a board recommendation from target GBST Holdings.
- Sarah Thompson and Anthony Macdonald
May 2019
Macquarie readies Bravura Solutions equity raising
Macquarie's equities desk is readying fund managers for a raising by financial services software company Bravura Solutions.
- Sarah Thompson and Anthony Macdonald
April 2019
Buy, hold, sell: Bravura, Soul Patts, Magellan, Macquarie
Matthew Kidman, Roger Montgomery and Matthew Booker look at shares that have gained some serious momentum.