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Ireland is expected to be hit with a “very significant” increase in non-performing loan (NPL) cycles, according to the chief executive of Link Administration, the Australian-listed financial administration firm.
Late last month, Vivek Bhatia, the CEO and managing director of Link Group, made the comments during an earnings call with analysts. He responded to a question regarding the recovery of its BCM business, which services NPLs or bad loans.
“I m not quite sure I have the crystal ball to gaze into and find which markets will go first because the timing of these will be dependent on government to government,” said Bhatia. “We do expect on a large basis though that there will be a very significant increase in NPL cycles across the UK, Ireland, and Continental Europe.
There are different reasons why a company might be looking to increase its capital, from acquiring new assets to keeping a healthy balance sheet and everything in between.
It’s important for both new and seasoned investors to be familiar with the different options that companies have to raise money and how different methods can impact a company’s share price.
In uncertain times, companies from all sectors and exchanges face challenges in developing their assets, but how can companies listed on the Australian Securities Exchange (ASX) raise cash? The Investing News Network reached out to experts to answer your questions about capital raising on the ASX.
Monika Singh
2 February, 2021, 8:30 pm
Fiji Kava Ltd recorded $319,272 revenue for the second quarter of its 2021 fi nancial year (three month ended December 31, 2020).
Picture: SUPPLIED
AN Australian-Fijian medicinal kava health and wellness company Fiji Kava Ltd recorded $319,272 revenue for the second quarter of its 2021 financial year (three month ended December 31, 2020).
Listed on the Australia Securities Exchange (ASX) Fiji Kava’s revenue for the second quarter was an increase of 94 per cent from the first quarter of the year.
The financial overview of the company showed that its expenditure in operating activities in the quarter ending December 31, 2020 was $1283k, an increase of 22 per cent from the previous quarter, which was driven mainly because of the increased costs in product manufacturing.
Link Group, an Australian-listed firm, has pulled out of a €200m deal to buy Pepper European Services (PES), which included Pepper Ireland.
In a statement on Monday to the Australia Securities Exchange, Link said completion of the deal was subject to regulatory approvals and commercial conditions, and the final date for these to be met under the Share Purchase Agreement (SPA) was 30 January 2021.
“As the long stop date has passed without a transaction being completed, Link Group has exercised its right to terminate the SPA and not to proceed with the acquisition,” the company said.
Last year Link agreed to acquire Pepper European Services in a deal worth €200m. This included the acquisition of Pepper Ireland, which has around 500 employees across Shannon and Dublin.