Canaccord pays $50m to parent
Canaccord Genuity’s Australian operation has paid more than $50m in dividends to its global parent after recording bumper profits.
Canaccord Genuity’s Australian operation has paid more than $50m in dividends to its global parent after recording bumper profits.
Lithium prices have gone parabolic since the bull market kicked off in January 2021, and a bearish Goldman Sachs research report has been challenged.
Conspicuous, too, was Canaccord Genuity’s gold-medal-worthy back-pedal on Tuesday – which saw the investment bank slice its EML price target some 55 per cent from $4.50.
Here’s a juicy morsel from, of all places, the world of prime Australian beef and the C-suite at the Australian Agricultural Company.
The corporate regulator raised conflict of interest issues with investment bank Canaccord Genuity almost 12 months ago – but appeared to take no action despite its concerns.
The Chris Ellison-backed rare earths producer VHM has tapped Canaccord Genuity to raise funds as it revives attempts for an initial public offering.
Canaccord Genuity boss Marcus Freeman is set to emerge as one of the latest luxury home purchasers in the Victorian beachside enclave of Portsea.
The corporate watchdog says it is talking with Canaccord Genuity about better disclosure if the investment bank has an interest in companies it is recommending.
Canaccord Genuity will overhaul the disclosures in its research reports to explicitly include whether it holds options in companies that it is spruiking as investment opportunities.
Canaccord Genuity recommended clients buy shares in Alcidion less than a fortnight before it was named as the lead manager of the company’s $55m capital raising.
The corporate regulator says it is ‘critical’ that equities research released by brokers represent ‘genuine’ opinion and are not swayed by commercial decisions,
Some may say it’s having skin in the game and others a potential conflict of interest. Research analysts at Canaccord Genuity seem to love backing stocks they cover.
Canaccord Genuity recommended clients buy shares in Eagle Mountain Mining eight days before the copper explorer said it was raising capital – with the help of the investment bank.
The major investment bank regularly fails to provide clear disclosure about potential conflicts of interest in the companies it spruiks to clients.
It’s well and truly time for stockbroking and advisory firms to clean up their act.
Canaccord Genuity equities analysts have given their 26 top sharemarket picks for 2022 – and Canaccord appears to be the investment bank of choice for more than half.
Original URL: https://www.theaustralian.com.au/topics/canaccord-genuity/page/2