March 2012
Allco loan trades intrigue market
Trades in the debt load of Allco Finance Group have raised expectations that Westpac and CBA could offload their already written-down exposure to the bankrupt group and finally take a hair cut.
- Updated
- Paulina Duran
December 2011
Financial services briefs
Ascalon Capital Managers has taken a 35 per cent equity stake in Hong Kong-based Athos Capital. Ascalon CEO Andrew Landman said the link was vital for business in Asia.Staff reporter
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Foreign hedge funds active in takeovers
Volumes on the Australian stockmarket may have been light in past months, but takeover activity spurred offshore hedge fund buying last week among substantial notices filed to the Australian Stock Exchange.
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- Joanna Heath
July 2011
NTA value still key for bargain hunters
Scouting around for a company trading below the value of its net tangible assets is an old trick; recent register updates show the practice is not dead.
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- Anthony Macdonald
May 2011
Arbitrageurs sniff out iSOFT gold
The odds of US outsourcer Computer Sciences Corporation being forced to lift its 17¢ per share bid for stricken health software developer iSOFT have firmed.
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- Julian Bajkowski
Fresh hold-up for iSOFT takeover
Computer Sciences Corporation’s attempts to snap up Australian e-health software developer iSOFT for a firesale price have taken another curious twist.
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- Julian Bajkowski
Court rules against iSOFT founder
Updated | iSOFT founder Gary Cohen has failed to trigger a pre-emptive right over major shareholder Oceania Capital Partners’ stake that would have given him three weeks to find an alternative buyer.
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- Anthony Macdonald
April 2011
Cohen fires back over iSOFT sale
A US company has made an offer for iSOFT, but the founder of the health software group wants to shop around for a better deal.
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- Paul Smith
March 2011
iSOFT in trading halt
Debt-ravaged health software stock iSOFT has gone into a trading halt pending further disclosures on a strategic review that could prompt the company to be broken up or become the subject of a trade sale.
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- Julian Bajkowski
February 2011
Write-offs and interest bleed iSoft
Heavy impairments and debt have combined to gouge a hole in the bottom line of leading Australian health management and patient records software developer iSoft.
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- Julian Bajkowski
Financial Services briefs
Bell Financial Group director Brent Potts has sold 3,990,692 ordinary shares in the company at $1.03 apiece, reaping $4.1 million.
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Tyco pays $171m for Signature Security
Tyco International will pay $171 million to buy Signature Security Group from Oceania Capital Partners and other minority investors.
- Brad Hatch
December 2010
- Opinion
- Opinion
Latest snippets have Westpac, CBA set for Allco haircuts
Recent trades in the $585 million debt load of Allco Finance Group at around 12¢ in the dollar have raised expectations that Westpac and CBA could offload.
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- Sarah Thompson and Khia Mercer
July 2010
Signature sale a sign of the times
Private equity firms are lining up to exit investments just as quickly as they’re making them.
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February 2010
Brief: Oceania Capital Partners
Oceania Capital Partners lifted net profit 6.6 per cent to $5.49 million in the six months ended December 31.
September 2009
Starpharma deals a fillip for earnings
Starpharma Holdings (SPL) Shares in the emerging biotech have run hard on positive clinical trial results for its lead VivaGel product and its deal with Elanco, but some experts believe that investors have yet to fully appreciate the significance of these events
- Brendon Lau