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The US markets finished mixed with the Dow up and the Nasdaq down. The Dow closed up 14 points or 0.1% at 9882, the S&P500 was down 3 points or 0.3% at 1063 and the Nasdaq was down 25 points or 1.2% at 2116.
Hydromet Corporation (HMC) announced on the 27/10/2009 that they would be conducting a Share Purchase Plan to raise additional capital. The record date was the 28/10/2009 on which shareholders must own the share to participate in the SPP. The closing date is 30/11/2009. Shares will be issued on 7/12/2009 and begin trading on 11/12/2009. A maximum of $15,000 can be purchased by each shareholder at $0.04.
Discount : 16.7% Liquidity : Poor Profitability : Good Stability : Poor
* Note: Discount is based on the closing price on the 27 October 2009.
Hydromet Corporation (HMC) announced on the 27/10/2009 that they would be conducting a Share Purchase Plan to raise additional capital. The record date was the 28/10/2009 on which shareholders must own the share to participate in the SPP. The closing date is 30/11/2009. Shares will be issued on 7/12/2009 and begin trading on 11/12/2009. A maximum of $15,000 can be purchased by each shareholder at $0.04.
Discount : 16.7% Liquidity : Poor Profitability : Good Stability : Poor
* Note: Discount is based on the closing price on the 27 October 2009.
For More Share Purchase Plans go to http://blog.mdsfinancial.com.au/category/share-purchase-plans/
To Buy Shares And Participate in Share Purchase Plans use Trader Dealer http://www.traderdealer.com.au/
Accent Resources (ACS) announced on the 16/10/2009 that they would be conducting a Share Purchase Plan to raise additional capital. The record date was the 19/10/2009 on which shareholders must own the share to participate in the SPP. The closing date is 11/11/2009. Shares will be issued on 18/11/2009 and begin trading on 19/11/2009. A maximum of $15,000 can be purchased by each shareholder at $0.15 .
Discount : 11.8% Liquidity : Poor Profitability : Ok Stability : Poor
* Note: Discount is based on the closing price on the 27 October 2009.
Accent Resources (ACS) announced on the 16/10/2009 that they would be conducting a Share Purchase Plan to raise additional capital. The record date was the 19/10/2009 on which shareholders must own the share to participate in the SPP. The closing date is 11/11/2009. Shares will be issued on 18/11/2009 and begin trading on 19/11/2009. A maximum of $15,000 can be purchased by each shareholder at $0.15 .
Discount : 11.8% Liquidity : Poor Profitability : Ok Stability : Poor
* Note: Discount is based on the closing price on the 27 October 2009.
For More Share Purchase Plans go to http://blog.mdsfinancial.com.au/category/share-purchase-plans/
To Buy Shares And Participate in Share Purchase Plans use Trader Dealer http://www.traderdealer.com.au/
Macquarie Group (MQG) today announced that it has entered into an agreement to acquire Blackmont Capital Inc. from CI Financial for $C93.3 million. The acquisition provides Macquarie with an established and growing Canadian wealth management business and will add additional retail distribution to Macquarie’s existing capital markets and product offerings in Canada. Headquartered in Toronto with retail branches in 13 locations, Blackmont is one of the largest independent, full service investment dealers in Canada. With approximately 450 employees including a network of more than 130 investment advisors, Blackmont’s investment dealer division offers a full range of investment services to retail clients. Blackmont investment advisors offer custom solutions for clients with products ranging from equities and fixed income to insurance and estate solutions.
Peter Maher, Global Head of Macquarie’s Banking and Financial Services Group, said: “Retail brokerage and tailored financial advice is a business Macquarie knows well and we’ve been impressed by the team at Blackmont. Most importantly, we share a common focus on client service, innovation and risk management.”
“Macquarie has been involved in the Canadian financial services market for 12 years and we’re attracted to the market’s well-established advisor model, its transparency and innovative product mix. We think there is a real opportunity in the Canadian market for a differentiated, independent client offering. “This acquisition gives us the opportunity to work with a strong leadership and advisor team, build our client offering, add further quality advisors to our team and be seen as an innovative, independent provider with an international presence,” said Mr Maher. Blackmont will become part of Macquarie’s Banking and Financial Services Group and will be rebranded “Macquarie Private Wealth”.
Macquarie will pay $C93.3 million in cash to acquire the shares of Blackmont Capital Inc., which operates Blackmont’s investment dealer division. The impact on Macquarie’s regulatory capital surplus as a result of the acquisition is anticipated to be immaterial. The transaction is expected to close early in the first quarter of 2010 and is subject to regulatory approvals and other customary closing conditions.
Computershare Limited (CPU) has today agreed terms for the acquisition of HBOS Employee Equity Solutions (HBOS EES) from Lloyds Banking Group. The acquisition is expected to complete in December 2009, subject to regulatory approval. HBOS EES is a leading UK based employee share plans provider with revenues of approximately GBP 25 million. The cash consideration is GBP 40 million, based on revenue retention targets being met. The acquisition will be funded by cash and existing debt facilities. The acquisition is expected to be EPS positive in FY11 and increasingly accretive thereafter. HBOS EES provides a full range of employee share plans administration solutions in more than 100 countries for over 400 clients, covering around 1 million employee shareholders. The acquisition will result in Computershare becoming the market leader in employee plans administration in the UK market.
Stuart Crosby, Computershare’s President and CEO said. “The opportunity to acquire this business and integrate it with our existing plans business is an exciting one. Our ability to successfully integrate businesses using our proprietary software systems has been proven in the past and we are confident that our new clients will experience enhanced service.”
Computershare (CPU) is a global market leader in transfer agency and share registration, employee equity plans, proxy solicitation and stakeholder communications. We also specialise in corporate trust services, tax voucher solutions, bankruptcy administration and a range of other diversified financial and governance services. Founded in 1978, Computershare is renowned for its expertise in data management, high volume transaction processing, payments and stakeholder engagement. Many of the world’s leading organizations use these core competencies to help maximise the value of relationships with their investors, employees, creditors, members and customers. Computershare is represented in all major financial markets and has over 10,000 employees worldwide.
EnviroMission Limited (EVM) has entered US power purchase negotiations to deliver the first of two, 200 MW Solar Tower power stations. EVM have been given the green light from Southern California Public Power Authority (SCPPA).
Solar Tower power station developments planned for Arizona have been approved by SCPPA as suitable renewable energy projects to facilitate the goals of its members’ renewable portfolio standards (RPS). This landmark SCPPA decision will enable EnviroMission to formalize power purchase agreements with a large public power authority in the Southern California region to realize an essential element of the commercial basis for development.
The resolution passed by the SCPPA board of directors will position EnviroMission’s Solar Tower technology as the only solar electricity generation technology to date to qualify for further future power purchase negotiations for the supply of centralized power – EnviroMission was selected from more than 100 submissions to this SCPPA request for proposals (RFP).
A SCPPA approval provides EnviroMission with a vital market opportunity to negotiate the future sale of Solar Tower power to a key power authority to meet its renewable energy portfolio standard that is aimed at generating 20% of all electricity from renewable resources by 2010.
Dear Members,
I have updated MDS Radio with a new recording covering the Dow, XJO and the ASX Top 20.
Click here to watch the presentation.
Best Regards,
Leon Hinde.
Retail investors have flooded Myer with applications for $1 billion worth of shares in next Monday’s float, making this the biggest offering for retail shareholders since Telstra’s T1 sale in 1997.
The institutional bookbuild begins tomorrow. It’s expected that altogether there will be a 50-50 split between retail and institutional investors.
As the Myer team take their investor roadshow through Asia, US institutional investors are putting the pressure on the company’s majority owners TPG and Blum Capital to fully sell down their stake before the float.
Myer’s chief executive Bernie Brooks says there has been strong US interest in the float, with the Australian economy presenting an attractive environment for international investors, and the examples of JB Hi-Fi, David Jones and Woolworths showing Australian retail shares can be a lucrative option.
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