Tag Archives: ASX

More Bad News For Purple Bricks: Shares Price Forecast Slashed

Purple Bricks is hitting headlines a lot in recent months, unfortunately for all the wrong reasons. The anti-commission-collector brand was hit with more bad news from investment bank analysts this week shortly after being advised by Berenberg Investment Bank to “Get out of Aus & US to Survive”. This week’s headline is a slashed share price forecast by investment bank

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RBA Cash Rate Decrease Now “47% Likely” – Financial Markets

With Australia’s housing crash officially dubbed “the worst since the GFC”, financial markets have started pricing assets on the ASX with a 47% likelihood of an RBA cash rate decrease of 25 basis points (down to 1.25%). This would break the record for the lowest inter-bank cash rates on record, with the previous record being set at 1.5%, the current

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BREAKING: Rural Agency RuralCo in Takeover Talks with Rival Landmark

The parent company of Landmark, Canadian company Nutrien, have this morning confirmed they are in talks with RuralCo in a potential takeover, according to a media release by a blog within the beef industry. RuralCo is the parent company of multiple real estate brands in Australia, including Roberts Real Estate in Tasmania, RuralCo Property, Pat Rice Hawkins, Staffin Kerr Bowen

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FSBO Company “BuyMyPlace” Sold To Accountancy Firm KordaMentha

First reported in the Australian Financial Review ASX Listed BuyMyPlace sold for $100,000 with over $5m in debt forgiven In May, auditors gave warnings about the company’s ability to continue trading Nearly $2.4m in salaries paid + $1m in share payments, including directors while earning $2.9m in revenue Accountancy firm KordaMentha to take control and try to “trade out of

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