Macquarie Group Ltd (MQG) will go ex dividend on 8/11/2010. The current dividend payment is 86 cents and it is 0% franked. The record date is 12/11/2010 and the dividend will be paid on 15/12/2010. Based on the full year payment the dividend yield is 5.1%.
*Current Yield: 2.4% Franking: 0% DRP Discount: 2.5%
*Yield has been calculated on the closing price on the 3/11/2010. Current yield is based on the current dividend payment only.
Macquarie Group Ltd (MQG) will go ex dividend on 10/5/2010. The current dividend payment is 100 cents and it is 0% franked. The record date is 14/5/2010 and the dividend will be paid on 2/7/2010. Based on the full year payment the dividend yield is 4.0%.
*Current Yield: 2.1% Franking: 0% DRP Discount: 2.5%
*Yield has been calculated on the closing price on the 7/5/2010. Current yield is based on the current dividend payment only.
Macquarie Group Limited (MQG) today announced that Macquarie Bank Limited has acquired a portfolio of retail auto leases and loans from GMAC Australia, the Australian auto finance subsidiary of GMAC Inc. The portfolio, comprised of loans and leases for approximately 60,000 cars, has a value of approximately $A1 billion and is being purchased at an undisclosed discount which reflects an appropriate risk adjusted return. The portfolio will be managed by Macquarie Leasing, a division of Corporate and Asset Finance (CAF). CAF is Macquarie’s finance and asset management services business, and had assets and leases under management of $A13.6 billion, as at 31 March 2010, covering sectors including information technology, communications, security, medical, manufacturing, energy, motor vehicles, rail, and aviation engines. The acquisition consolidates CAF’s position as one of the larger independent providers of leases and loans for automobiles in Australia with approximately 260,000 contracts.
Macquarie Group Chief Financial Officer, Greg Ward said: “Several motor vehicle financiers, including GMAC, ceased originating retail and wholesale new business in Australia during 2008 and 2009. Macquarie’s purchase of the GMAC Australia portfolio follows our purchase of the $A1 billion Ford Credit Australia portfolio in October 2009. During the past seven months, Macquarie has purchased a total of 120,000 auto leases and loans in Australia valued at around $A2 billion.”
Macquarie Group is a global provider of banking, financial, advisory, investment and funds management services. Macquarie’s main business focus is making returns by providing a diversified range of services to clients. Macquarie acts on behalf of institutional, corporate and retail clients and counterparties around the world. Macquarie Group Limited is listed in Australia (MQG) and is regulated by APRA, the Australian banking regulator, as the owner of Macquarie Bank Limited, an authorized deposit taker. Founded in 1969, Macquarie employs more than 14,600 people in approximately 70 office locations in 28 countries. At 31 March 2010, Macquarie had assets under management of $A326 billion.
Charter Hall Group (CHC) is pleased to announce that it has agreed to acquire the majority of Macquarie Group Limited’s core real estate management platform. This transaction involves Charter Hall acquiring the management business associated with two listed and three unlisted real estate funds for $108 million and the majority of Macquarie’s holding in three of these funds for $189 million. The acquisition positions Charter Hall as one of the largest specialist real estate fund managers in Australia, with assets under management in excess of $10 billion across listed, wholesale and unlisted retail equity sources. The Platform complements Charter Hall’s existing operations, enhancing the current vertically integrated business, resourced by an additional 155 property executives increasing total Charter Hall staff to 220 personnel. Charter Hall will be investing in and providing management services across the full spectrum of real estate investment and development activities.
Commenting on the Acquisition, Charter Hall’s Chairman, Kerry Roxburgh, said “We are very excited about the Acquisition and believe that the Platform represents a strong strategic fit with our existing business. This Acquisition is expected to be earnings accretive in FY11 and provides an excellent basis to grow and develop Charter Hall.” David Southon, Joint Managing Director of Charter Hall said “The Acquisition of a vertically integrated platform complements the existing business, providing substantial scale and significant growth potential. The combination of Charter Hall’s capabilities and the continuity of Macquarie’s management team will provide an enhanced offering to investors.” David Harrison, Joint Managing Director of Charter Hall added “The Acquisition of this well- resourced Platform enables Charter Hall to diversify its equity sources further without losing focus on our unlisted wholesale and retail business. The outlook for real estate has improved substantially and we believe the Acquisition of the Platform at an attractive point in the real estate cycle will deliver long term value for security holders, provide one of the largest specialist property teams in Australia across the risk/return spectrum and exploit the growth opportunities available in a recovering property market.”
As partial consideration for the management business, Macquarie will receive an $85 million placement at $0.70 per security, representing a 10% strategic interest in Charter Hall. In addition, the Gandel Group, an existing strategic investor in Charter Hall, has committed to be issued with up to $68 million under the Offer and will at a minimum maintain their 12.2% interest in Charter Hall. Charter Hall has agreed to purchase the majority of Macquarie’s core real estate management platform which comprises of the management of two listed and three unlisted real estate funds — Co-investment holdings in Macquarie Office Trust, Macquarie CountryWide Trust and Macquarie Direct Property Fund Real estate management business. Charter Hall is acquiring a well-resourced platform with employment offers being made to over 95% of Macquarie real estate executives involved in the management business. The purchase price of $108 million for the funds management business represents an FY11 EBIT multiple of 7.7x and 1.5% of assets under management. In addition, a further $15 million may be payable subject to an earn-out. The Acquisition will provide immediate scale which will complement organic growth of Charter Hall’s funds management business. Benefits include positioning Charter Hall as one of Australia’s largest specialist real estate fund managers, with assets under management increasing to over $10 billion. It will diversify Charter Hall’s equity sources – along with providing access to listed equity and significantly increases exposure to core funds, etc.
Charter Hall Group is a property funds management and development company, based in Sydney with offices in Melbourne, Brisbane, Perth and Auckland. It combines Charter Hall Limited with Charter Hall Property Trust, which will now own and/or manage over $10 billion in real estate assets.
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.
Macquarie Group (MQG) today announced that it has entered into an agreement to acquire Delaware Investments, a leading US-based diversified asset management firm, from Lincoln Financial Group for $US428 ($A516) million, subject to certain closing adjustments. Upon completion of the transaction, the combined assets under management (AUM) of Macquarie and Delaware are expected to be over $US300 ($A361) billion. The acquisition is consistent with Macquarie’s strategy to develop a global asset management capability through building a highly regarded team of investment professionals, offering an attractive suite of investment products and gaining broader access to the world’s largest capital market.
Delaware is a well-respected, US-based diversified asset management firm with over $US125 ($A150) billion in AUM (as of June 30, 2009). Delaware provides investment services to retail and institutional investors through a broad range of managed accounts, separate accounts, mutual funds, retirement accounts, sub-advised funds, and other investment products. Founded in 1929, Delaware is one of the oldest asset management firms in the United States. Delaware clients will be offered opportunities to invest in new products with access to Macquarie’s investment strategies, notably in real assets, global fixed income and alternatives. Macquarie clients across its global network will be offered investment solutions involving Delaware’s investment strategies, in structures designed specifically for them. Macquarie will also provide additional funding to support Delaware’s growth through continued investment in operations, distribution and commitment to expanding its multi-boutique approach.
Shemara Wikramanayake, Global Head of Macquarie Funds Group, said: “Macquarie has a long and successful history in asset management. Since 1980 our asset management activities have grown both organically and through the addition of specialist asset management teams. From that strong base and given current opportunities in the market, we feel now is an ideal time to expand our reach and offering as an asset manager.” “We have a high regard for the Delaware team and are delighted to have them join us. Delaware will form a key element of Macquarie Funds Group’s offering to our clients globally and will significantly enhance our existing North American asset management activities,” said Ms Wikramanayake. “The acquisition of Delaware is a demonstration to our clients of the ongoing commitment we have to developing a global asset management capability with significant scale, product depth, research and investment capacity,” added Ms Wikramanayake.
As part of the transaction, Delaware will continue managing Lincoln Financial general account insurance assets under a long-term contract on financial terms similar to current arrangements as well as provide additional sub-advisory services. Macquarie expects to pay Lincoln Financial approximately $US428 ($A516) million in cash to acquire the business and assets of Delaware, subject to a purchase price adjustment at closing based on any change in net assets. The transaction is expected to close around the end of 2009 and is subject to regulatory approvals and other customary closing conditions.
The Premier, John Brumby, today announced the AquaSure consortium had been awarded the contract to build Australia’s biggest desalination plant, which will secure Victoria’s water supplies, deliver as many as 1700 direct new jobs and help ease tough water restrictions.
Mr Brumby said the Victorian Government selected AquaSure, consisting of Suez Environnement, Degremont, Thiess (a subsidiary of LEI) and Macquarie Capital Group (a subsidiary of MQG) to build the $3.5 billion desalination plant, with key features including a guarantee to deliver desalinated water by the end of 2011; value for money for water users; delivery of water to meet Victoria’s high water quality standards; flexibility to supply between 0 and 100 per cent of the plant’s capacity in block increments; proven and secure desalination technology; and security of finance for the project in a constrained global economy.
“I am delighted to announce today that AquaSure will build Australia’s biggest desalination plant near Wonthaggi,” Mr Brumby said. “This desalination plant will be operational from the end of 2011 and is critical to securing water supplies for Melbourne, Geelong and to wns in Western Port and South Gippsla nd. Our Government is committed to Victoria’s Desalination Project because we must deliver a solution that is not rainfall dependent in an era of climate change. Together with the Food Bowl Modernisation Project and Sugarloaf Pipeline, our new desalination plant will help ease water restrictions. I expect these projects will see our water storages begin to recover in 2012 and restrictions progressively eased. Mr Brumby said AquaSure had committed to additional features and projects, to ensure Victoria’s desalination plant was not only Australia’s biggest, but Australia’s most advanced, including secure underground power supply; commitment to renewable energy projects to offset the plant’s energy use; minimizing the impact on the local environment, including continued use of Williamson’s Beach and the best possible visual amenity at the plant site; and delivering benefits to the local community, such as a new broadband fiber optic cable and a secure local water supply.
Other local projects to be delivered with the desalination plant include a $12 million in road upgrades, many of which are underway and development of a housing strategy for workers coming to the region. Financial close on the contract will occur by 4 September. AquaSure will begin construction in October on the desalination project, which will include the plant at Wonthaggi, the 86-kilometre transfer pipeline to connect to Melbourne’s existing network, the underground power source and renewable energy projects.
Macquarie Group (MQG) today announced it has entered into an agreement to acquire Tristone Capital Global Inc. . The acquisition will substantially enhance Macquarie’s energy offering by integrating Tristone’s energy advisory and capital markets capabilities within Macquarie’s global resources activities. This acquisition will create an integrated energy platform, offering advisory, capital markets, research and trading expertise. Tristone is an independent energy advisory firm providing fully integrated corporate finance, acquisitions & divestitures (“A&D”), equity capital markets (“ECM”), and sales, trading and research services. Tristone focuses exclusively on the global energy sector, providing technical and financial services to exploration and production companies, oilfield service and midstream companies, government entities, royalty trusts, limited partnerships and institutional investors worldwide.
John Prendiville, Global Head of Resources for Macquarie Capital said: “Tristone is a highly regarded global independent energy advisory firm and we are delighted to have them join us. The acquisition of Tristone creates a fully integrated global energy group that can offer a full suite of products to our clients in whatever region they exist. The combined business gives us an increased presence in vital energy-sector hubs around the world, particularly in Calgary, Houston, Denver and London, and a new Macquarie presence in Buenos Aires.” Mr Prendiville said. Paul Donnelly, President and CEO of Macquarie Capital Markets Canada, said “Macquarie’s investment in Tristone’s team of highly respected professionals is consistent with our approach of providing clients with extensive industry expertise and international reach in key global industries. It continues the expansion of our advisory and capital markets activities and other related industries including leading pipeline and utility companies who are an important part of our infrastructure business.”
Following a transition period, Tristone will be fully integrated into Macquarie, with its acquisitions and divestitures division to be branded “Macquarie Tristone” The consideration for the acquisition is expected to be approximately C$116 million, comprising two separate components. C$57 million will be paid to the vendors in cash upon financial close as adjusted to reflect the consolidated net tangible assets of Tristone at that time and C$59 million will be payable in exchangeable shares. A subsidiary of Macquarie will issue the Exchangeable Shares to the vendors. These Exchangeable Shares will be held in escrow and released over a 5 year period and the final number is subject to adjustment based on the performanceof the Tristone business over a two year period. Upon release they will be exchangeable on a one-for-one basis for ordinary Macquarie shares subject to certain conditions. The number of Exchangeable Shares issued at Close may be adjusted up or down, depending on the level of advisory revenues earned over a two year period from Close and certain other conditions. In addition, approximately C$15 million of retention securities in the form of Exchangeable Shares and options to purchase Exchangeable Shares will form a retention pool and will be allocated to certain Tristone employees joining Macquarie. This retention pool will be released in equal portions on the 3rd, 4th and 5th anniversaries of Close and subject to continuing employment with Macquarie. No more than 4 million MQG Shares will be issued for Exchangeable Shares; any consideration exceeding that amount will be settled in cash in accordance with the terms of the Exchangeable Shares. Macquarie shareholder approval for the issue of up to the 4 million MQG Shares will not be sought.
Macquarie has had a permanent and growing presence in Canada since opening its first office in 1998. Macquarie employs more than 420 people in Canada with offices in Toronto, Vancouver, Calgary and Montreal. Macquarie’s activities in Canada include advisory and capital markets, specialized asset management, lending, financial markets and institutional broking.
Macquarie Group (MQG) announced on the 1/5/2009 that they would be conducting a Share Purchase Plan to raise additional capital. The record date was 30/4/2009 on which shareholders must own the share to participate in the SPP and the closing date is 29/5/2009. Shares will be issued on 5/6/2009 and start trading soon after this. A maximum of $15,000 can be purchased by each shareholder at the lower of $26.60 or a 5% discount to the Volume Weighted Average Price (VWAP) .
Macquarie Group (MQG) announced on the 1/5/2009 that they would be conducting a Share Purchase Plan to raise additional capital. The record date was 30/4/2009 on which shareholders must own the share to participate in the SPP and the closing date is 29/5/2009. Shares will be issued on 5/6/2009 and start trading soon after this. A maximum of $15,000 can be purchased by each shareholder at the lower of $26.60 or a 5% discount to the Volume Weighted Average Price (VWAP) .
Discount : 20.5% Liquidity : Good Profitability : Good Stability : Good
* Note: Discount is based on the closing price on the 1 May 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/
