Company updates
Emeco’s three way merger is now expected to take place on terms that are largely similar to those previously proposed
Company updates
Genworth’s outstanding shares to be bought by China Oceanwide, Glencore’s disposal of its Australian rail asset is credit positive and Navient posted its third quarter results
Company updates
CBL to redeem all of its outstanding 2019 bond and Newcrest receives an outlook change
Company updates
We’ve added the new AAI Limited subordinated bond to our DirectBond list
Company updates
Two new Navient Corporation bonds plus one General Property Trust (GPT) bond added to our DirectBonds list
Company updates
Company updates galore as Emeco signed a binding restructuring support agreement, NABCAP Tier 1 set to mature, StockCo launched a medium term note issue, AAI launched a Tier 2 issue and two new NAB DirectBonds are now available to wholesale investors
Company updates
On an underlying basis, Cash Converters have reported solid results for FY16, despite being impacted by restructure costs and provisioning. FY17 guidance was provided and their 19 September 2018 fixed rate note, while relatively short dated with a high margin, appears fair value given the uncertainties
Company updates
Company reporting galore as Ausdrill exceeds cashflow expectations, CML and Dicker Data both post solid results, Kinross 2041 bond added to our DirectBond list, PMP reports it is in a near debt free position, Sunland bonds offering good value on the back of its results and Qantas FY16 profits up 57% from the previous year
Company updates
Qantas delivered its FY16 results, with a record underlying profit before tax of $1.53bn, up 57% on the prior year and only slightly below consensus forecast of $1.57bn
Company updates
FY16 was challenging for PMP with higher than normal levels of retail customer disruption and continued strong competitive pricing levels