It is hard to imagine how Tricom could fill the hole that would have been left in its capital by the failure of Opes Prime, writes Alan Kohler.
Margin loans
Babcock’s desperate $220m share placement
There is an awful lot of aggressive spinning going on as debt-laden companies battle the new reality of the global credit crunch, writes Stephen Mayne.
Goodman family takes a huge haircut to avoid margin call
Overnight a family touted as billionaires emerged much diminished after a voluntarily sell down, writes Stephen Mayne.
United Group CEO goes debt-free, will Macquarie follow?
Margin loans over shareholdings are now such a dirty word that we’re seeing CEOs selling shares just to be able to declare they are completely debt free, writes Stephen mayne.
Australian credit crisis round-up
The Australian stock market suffered its 9th straight loss today and is now perilously close to having dropped 25% from its peak, writes Stephen Mayne.
Phil Green’s confidence struggle at Babcock
Babcock & Brown briefly looked over the cliff this morning as its shares plunged another $1.06 or 7.6% to touch a low of $12.90 in early trading, writes Stephen Mayne.
ABC Learning keeps centres open, closes down share trading
ABC Learning shares went into a trading halt this morning as the directors started to come clean on the scale of their margin calls, writes Stephen Mayne.
ASIC’s investigation into hedge fund collusion a waste of time
ASIC boss, Tony D’Alosio told a Senate Committee Hearing last week that the watchdog will investigate whether hedge funds had colluded to short-sell stocks. The investigation may be a waste of time, writes Adam Schwab.
Centro highlights the problem of financial conglomerates
Australia’s insider trading laws ban directors and senior management from trading in stock when they are aware of market-sensitive information - and there is no specific carve-out for shares that are secured by margin loans, writes Stephen Mayne.
