oOh!media (ASX:OML) has received an unsolicited A$1.40 per share takeover proposal from Pacific Equity Partners. The board is evaluating the non-binding offer.
Market news
RBA May Hike Again if CPI Runs Hot
The Australian Bureau of Statistics releases the March quarter inflation number at 11:30 am today, and it decides whether the Reserve Bank hikes the cash rate from 4.10% to 4.35% on 5 May. All four big four banks (CBA, NAB, Westpac and ANZ) are now forecasting a…
Two weeks out from the budget and it seems that what will happen is that we will return to the CGT indexation method, and for all asset classes, not just property. If you want to raise revenue, it is a no brainer. But if you want to shift capital toward more productive uses, then this…
The ASX 200 lost steam this week, falling more than 2% over five sessions, but even that decline hides a more interesting story in the individual sectors. Four major updates from Cochlear (ASX:COH), IGO (ASX:IGO), Fortescue (ASX:FMG) and Judo Capital (ASX:JDO) quietly told us something new about how Australian boards are thinking.
On their own,…
2026 has 8 months to go, but we think that the Nuix Judgement (i.e. the Federal Court’s dismissal of ASIC’s case against Nuix) will be the most consequential corporate law outcome of the year.
The impact goes beyond Nuix and could well influence ASIC's boldness to pursue corporate cases. The judgement clarified that forecasts must be…
The imminent US Marijuana Rescheduling begs the question: Is it really different this time for ASX pot stocks? In one sense, perhaps it is, because it is undoubtedly the most significant policy signal in more than 50 years. But in the other, there's no promise it'll lead to anything, as recent history has shown.
What's Happening…
Australia's three listed small cap ASX lenders — MoneyMe (ASX:MME), Harmoney (ASX:HMY) and Plenti (ASX:PLT); each released quarterly trading updates to the market today, providing a timely window into the health of the non-bank lending sector.
Taken together, the releases tell a consistent story. These companies are carving out positions that the major institutions appear either…
Knowing how to read a balance sheet is a key skill investors need to know, because the balance sheet is the most underrated document in an annual report. Most new investors skip straight to earnings - perhaps not knowing how importance the balance sheet is or having an appreciate but not knowing how to read…
Big Four Bank Investors may think they've seen the 'Mortgage Wars' all before and they're no big deal. After all: Aren't the banks always competing hard for borrowers whatever interest rates do? Yes, but the mortgage wars of 2022-23 were not called 'wars' for no reason. ANZ's resurrection of cashback retention payments, Westpac's latest fixed-rate…
After a decade of delays, a A$250m write-off, regulatory lawsuits, and a CEO departure, Release 1 of the ASX's CHESS system went live this morning. It is a genuinely significant milestone.
For a project that first entered planning in 2016, burnt through one vendor, wrote off a quarter of a billion dollars, attracted ASIC litigation, and…
