ASX Announcements
Market Sensitive
UPDATE ON SCHEME - FULL YEAR RESULTS AND IE CONFIRMATION
Directors' Statement re Takeover, Scheme of Arrangement
- Sep 5, 2024
- 4 pages
May
PSC takeover delivers $350m payday for insurance broker
Analysts say Ardonagh’s offer of $2.3 billion for the Melbourne-based insurance broker represents an “attractive multiple” as chairman Paul Dwyer realises a huge windfall.
- Liam Walsh
PSC strikes $2b sale to Ardonagh in insurance broker deal
PSC helps arrange cover for everything from cyber-hacks on businesses to accidents and agricultural enterprises.
- Updated
- Liam Walsh
April
Insurers told to slash prices for households that reduce risks
Steps could include roof replacement, upgrading garage doors, boosting window protection, tying down sheds, and replacing flimsy hollow doors.
- Ronald Mizen, John Kehoe and Paul Smith
March
PSC Insurance rides sector growth as Goldman fields inbound interest
PSC boss Tony Robinson and his Paul Dwyer-chaired board are seeking a price tag of about $2.3 billion as at least two offshore brokers circle.
- Sarah Thompson, Kanika Sood and Emma Rapaport
December 2023
- Opinion
- Chanticleer
Top investors name 11 long-term stock picks
Healthcare, digitisation and resources are the big themes that dominate the list of stock picks from top fund managers.
- James Thomson
July 2023
TA Associates runs auction for Honan Insurance; Steadfast, PSC look
US private equity firm TA Associates has quietly taken bids for its 80 per cent stake in Australia and New Zealand insurance broking roll-up Honan Insurance.
- Sarah Thompson, Kanika Sood and Emma Rapaport
- Opinion
- Chanticleer
Was this June 30 window dressing? The market deserves to know
The crazy jump in an insurance broker’s stock at the close of the financial year has raised eyebrows. But whether anything will be done about it is another matter.
- James Thomson
November 2022
Buy, hold, sell: Five stocks the pros have been buying
ClearLife Capital’s David Moberley and QVG Capital’s Josh Clark give their analysis of five stocks professional investors have been hiding within in recent months.
What investors need to look for in small-cap wreckage
If the bears are right, then stocks can go lower in 2023. But cashed-up investors will find rich pickings. When the turn comes, it will be fast and large.
- Tony Featherstone
March 2022
PSC Insurance raises $80m via Bell Potter and E&P
Listed insurance brokering outfit PSC Insurance Group is in the market with an $80 million equity raising to restock its acquisition warchest.
- Yolanda Redrup, Sarah Thompson and Kanika Sood
May 2021
Buy, hold, sell: Uniti Group, Supply Network, Capitol Health, Class
Two fund managers share their reasoning behind the stocks they back.
January 2021
Ten small cap stocks that should be on your radar
The Financial Review asked fund managers for their top picks of Australian mid-, small- or micro-cap companies with strong international growth prospects.
- Tony Featherstone
November 2020
PSC Insurance launches $60m placement, $40m director selldown
Listed insurance outfit PSC Insurance Group is restocking its acquisition war chest.
- Sarah Thompson, Anthony Macdonald and Tim Boyd
July 2019
PSC Insurances moves on broker Paragon, big investor buys in
Insurance broking group PSC Insurance has started lining up investors to back its latest M&A deal.
- Sarah Thompson and Anthony Macdonald