ASX Announcements
Appendix 3Y - Jamaludin Ibrahim
Change of Director’s Interest Notice
Ceasing to be a substantial holder
Ceasing to be a substantial holder
Notification regarding unquoted securities - SEK
Appendix 3G (Notification of Issue, Conversion or Payment up of Unquoted Equity Securities)
Change of Director’s Interest Notice
Change in substantial holding
This Month
A strange twist turned Seek’s pursuit of Xref into a cul-de-sac
The boards supported it, so did most of the investors. How was it that the jobs listing giant failed in its bid to buy up a tech minnow?
February
Seek sells $95m stake in Employment Hero to buyout giant KKR
The fast-growing human resources and payroll software group is one of the star performers in a venture capital fund spun out of the jobs platform in 2021.
Alex Waislitz’s Thorney swoops on failed Seek target Xref
The billionaire businessman voted against a $41 million takeover of the employment software group, despite the deal being recommended by the board.
Seek walks from Xref after shareholders shock by rejecting takeover
The job listing platform’s bid for the smaller workplace software group fell short despite being endorsed by the board and independent experts.
How careers counsellors could help plug the skills gap
Encouraging teenagers to complete high school and giving them access to careers counselling are key to plugging the yawning skills gap.
December 2024
‘Unicorn’ tech firm spent $43m to buy its founder’s other company
Heavily backed HR technology firm Employment Hero paid $43.4 million for a company owned by its co-founder Ben Thompson, a new regulatory filing has revealed.
September 2024
Three ASX stocks to buy today (and three more to avoid)
Australian fund managers have provided their take on the good, the bad and the ugly on the sharemarket after reporting season.
Perennial PM partners with SEEK Investments exec for new growth fund
Street Talk understands Ryan Sohn has departed the fund he helped co-found and is set to strike out with a shop of his own.
August 2024
Venture capitalist teams up with CBA for next big project – democracy
Venture capitalist Paul Bassat is worried Australia is heading in the wrong direction and has teamed up with the Commonwealth Bank and others to get it back on track.
Investors back ‘unicorn’ Go1 CEO swap, as IPO plans emerge
The founding CEO of $3b Queensland tech firm Go1 will step down in a move backed by its early investors, with his co-founder taking sole charge of the run to an IPO.
Seek’s venture fund wears $210m hit even as top performers surge
The $2.1 billion Seek Growth Fund, run by Andrew Bassat, is one of the few vehicles exposed to public markets, and showed tight valuations for start-ups.
How Temple & Webster won day two of profit season
CSL was the headline result, but it was Seek which was hit hardest on results day. Here’s what caught our eye.
July 2024
The top skills leaders need to succeed this decade
Knowing how to get the most out of hybrid working and generative AI are among the skills that leaders need today. The future will call for much more.
Nation’s richest boss ‘can’t find anything to invest in’ but WiseTech
This year’s list is stacked with tech founders such as Richard White – and shows how divorces can force bosses down the ranks.
June 2024
Seek ends decades-long Latin American foray with $128m sale
The ASX-listed employment platform said it would use the proceeds of the sale of its Mexican and Brazilian businesses to Spain’s Redarbor to pay down debt.
April 2024
Why these companies are Australia’s best places to work
An intensive and “confronting” two-year leadership program underpinned the decision to award online recruitment firm Seek the 2024 AFR BOSS Best Place to Work – Large Organisation.
No amount of leave offerings will compensate for poor leadership
Companies can have all the flexible and hybrid work arrangements and offer all the leave entitlements under the sun, but if their leaders are poor at leading, they will count for naught.
March 2024
Metcash and Seek: Lessons from two contrasting IT projects
The learnings should be of interest to the broader economy, because badly handled IT projects – and there are too many to name – are a heavy drag on productivity.
How Ian Narev copied CBA’s tech success at Seek
Seek’s recent tech upgrade is being talked about as an exemplar case study. Involving 1000 people including 350 engineers, the project came in on time and under budget.
The ‘crucial’ factor for tech leaders to get ahead
A mentor can help future female leaders by acting as a sounding board and passing on skills and coaching.