Funds Focus Newsletter January 2013
The Insider

Pirates fail the sniff test (Part 3) – What happened to Henry Morgan?

My previous article on the Pirates (Pirates Fail the Sniff Test Part 2) was based on my analysis until March 2017, since then Henry Morgan Ltd (HML.ASX) went into voluntary suspension after the ASX started to ask questions about the related party transactions and NTA figures disclosed. They have remained suspended ever since, pending an audit from BDO Australia.
Readers looking for some background would do well to read Part 1 that highlights my initial concerns, and Part 2, which highlights why

analysis, shares, lic, pirate, henry morgan, insider, Stuart Mcauliffe

Melbourne Cup 2017

Fun for the Melbourne Cup. Each year, Macquarie and Morgans analysts are allowed to emerge from the bear pits with the hope of proving their worth and the promise of a possible promotion to the Wall St Poker tournaments.

Macquarie have offered the most detailed and consistent analysis with Morgans coming a close second. Previous newcomers PWC and BT Fixed Income team throwing in the towel after just a couple of years.

Macquarie’s champagne years had seemingly come to an end, but in true

Melbourne Cup, analysis, commentary

Suncorp Capital Notes 2 (SUNPG) – Analysis

Suncorp Group has just announced the launch of a new income offer: Suncorp Group Capital Notes 2. The first round of access is through a broker firm allocation, prior to shareholder offer and listing in November. Note: There is no Customer or General Offer

The Notes will pay a quarterly coupon of 3.65%-3.85% (rate determined by the bookbuild) over the 90 day bank bill swap rate (BBSW), which was 1.70% as of 23rd October, with an initial indicative rate of 5.35%-5.55%pa. (The first pricing is

Suncorp, Invest, Hybrid, IPO, Income, Allocation, application