FIIG - The Fixed Income Experts

Company Updates

The latest company news for FIIG clients.

  • Next Generation - May 2020

    May 20, 2020
    Next Generation Clubs Australia (Next Gen, Company) provided an update following recent Noteholder approval to, among other amendments and waivers, provide the Company with access to its Doncaster Escrow account. Despite some delays due to poor weather, construction at its Doncaster site continues.
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  • COVID-19 through the lens of Major Bank 1H20 results

    May 20, 2020
    In this note, we summarise the major bank financial results for the first six months of fiscal 2020 and take a closer look at the impact of COVID-19 on the outlook for bank provisions and capital, as some banks took the unprecedented step of deferring dividends.
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  • Ansett Aviation Training Update - April 2020

    May 01, 2020
    On 29 April 2020, Ansett Aviation Training (AAT, Company) provided an operational update. The decision in late March 2020 by the Civil Aviation Safety Authority (CASA) to place a moratorium on mandated pilot training hours has led to a decline in AAT's monthly income by over 80%. Consequently, the Company has implemented a range of measures including, but not limited to, temporary reduction of staff hours and negotiating payment deferrals and discounts with suppliers.
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  • Ansett Aviation Training Update - April 2020

    Apr 03, 2020
    We provide an update on Ansett Aviation following the Civil Aviation Safety Authority’s decision to place a moratorium on pilot training hours stemming from COVID-19
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  • Banking on a slowdown

    Apr 02, 2020
    In this note, we take a look at the health of the Australian banking sector and how it is positioned to absorb the invariable rise in credit costs as businesses shutter and unemployment rises.
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  • Privium Group 1h20 Results

    Mar 27, 2020
    Privium Group (Privium, Company) recently announced 1H20 results. Results were mixed, with Privium reporting a decline in revenue in line with a softer residential property market for the first half of calendar year 2019. However, the Company reported growth in unconditional property sales and cash flow from operations. Liquidity remains adequate with AUD6m in cash on its balance sheet at 31 December 2019.
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  • WA Stockwell Update - 18 March 2020

    Mar 25, 2020
    We provide an update following 1H20 results and settlement of Noosa Civic Shopping Centre
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  • Next Generation Update - 24 March 2020

    Mar 25, 2020
    We provide an update following government mandated shutdown of non-essential services.
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  • Sunland Group Update - 24 March 2020

    Mar 25, 2020
    We provide an update following recent results from Sunland.
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  • Next Generation Update - March 2020

    Mar 24, 2020
    On 23 March 2020, Next Generation Clubs Australia (Next Gen, Company) provided an update following the government mandated shutdown of non-essential services. The resulting government mandated shutdown has led to Next Gen temporarily suspending all memberships, while standing down the majority of its employees to align costs with business activity.
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  • The RBA goes unconventional

    Mar 20, 2020
    We look at the RBA’s latest series of decisions and implications.
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  • ERIC Insurance Ltd 1H20 Results

    Mar 10, 2020
    Eric reported an unaudited net loss after tax of AUD (0.94m) for the six months ended 31 December, 2019 (1H20). The loss compares with a net profit after tax of AUD1.09m in the prior corresponding period.
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  • Pioneer Credit – 1H20 Results and Sale Update

    Mar 06, 2020
    On 28 February 2020, Pioneer Credit Ltd. released its financial results for the six months ended 31 December 2019 which were impacted by funding constraints that were placed on the Company during the period.
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  • IMF Bentham – 1H20 Results

    Mar 06, 2020
    IMF’s 1H20 results provided very few surprises, underpinned by a number of case wins, with gross proceeds from litigation cases of AUD143m. We also note that as of 5 March, 2020, IMF officially changed its name to Omni Bridgeway Limited.
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  • Zip Co - 1H20 Results

    Mar 06, 2020
    On 27 February 2020, Zip Co Ltd released results for the first six months ended 31 December 2019. Momentum remains strong, with asset quality also remaining sound.
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  • CML - 1H20 Results

    Mar 06, 2020
    On 28 February 2020, CML Group Limited (CML) released results for the first six months ended 31 December 2019. Overall performance was sound and largely in line with expectations.
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  • NEXTDC - 1H20 Results

    Mar 03, 2020
    We provide an update following NextDC’s 1H20 results.
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  • David Jones 1H20 Results

    Feb 28, 2020
    We provide an update on David Jones following 1H20 results, which were comparatively softer owing to 1H19 following lower foot traffic from bushfires and softer consumer confidence.
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  • Ovato 1H20 Results

    Feb 28, 2020
    We provide an update following 1H20 results from Ovato.
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  • Seek 1H20 Results

    Feb 28, 2020
    We provide an update an update on Seek following 1H20 results.
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