The Australian Securities and Investments Commission has warned boards that law reform might be needed to protect retail investors after $38 billion in capital raisings discriminated against small investors last financial year.
IF you can work out an entirely fair way to allow retail investors the same access as institutional investors get to equity raisings, without stretching the issue timeframe out to the horizon, you're going to be popular.
UBS this week stole a march on its rivals in the equity capital market game after unveiling a $375 million raising by CSR . There has been no shortage of capital raisings over the past year, but this one had an interesting twist designed to put retail and institutional investors on ...
Our pollies love to invoke the Anzac spirit. It tugs at the national heartstrings and generates a warm inner glow about ourselves. John Howard was forever banging on about mateship, even if he didn't quite fit the blokey mould, while our Kev is constantly ...
In the wake of the Lehman Brothers collapse last September, share prices fell into a tailspin. Many of Australia's top companies had been holding out, hoping the market would recover, hoping their stocks would rise so they could raise new capital at a decent price.
THE chairmen of ASIC and ASX have stood mute while the greatest insider' rip-off of mum and dad investors we have ever seen has been taking place this year. Billions of very real dollars have been ripped from these retail investors and transferred to institutional investors.