Here are seven small-cap stocks that fund managers rated in the latest reporting season: 1. NEXTDC The data-centre operator thumped market expectations with its interim result and upgraded its full-year guidance for revenue and underlying earnings in 2017-18. Strong demand for data centres and higher-than-expected utilisation rates drove the result. NEXTDC shares leapt 15 per…
DetailsThe case subsequently went to the NCLT with the tribunal issuing an order initiating a corporate insolvency resolution process (CIRP) and appointed an insolvency resolution professional (IRP). In a further setback for Yogendra Vasupal, the founder of the shut online home-stay start-up Stayzilla, a Supreme Court division bench has dismissed an appeal by him challenging…
DetailsA Dutch court classifies Bitcoin as a transferable value after the court ruled in favour of a plaintiff who was owed 0.591 Bitcoins (BTC), according to a court document published March 20. The claim was filed in a Dutch court by Mr. J.W. de Vries on 2 February 2018 against Koinz Trading BV, a non-public…
DetailsJust one week after announcing it would bankroll The Pickers, Club Maitland City has announced its financial backing for the citys ailing leagues club. The clubs administrators Shaw Gidley told Fairfax Media the bowling club has entered into a temporary funding agreement with the leagues club so it can continue to trade. The news came 24-hours after…
DetailsContents0.0.1 Share This Story!1 Toys R Us founder Charles Lazarus dies at 94 as company heads to liquidation2 Sent!3 Posted! Share This Story! Let friends in your social network know what you are reading about Toys R Us founder Charles Lazarus dies at 94 as company heads to liquidation Charles Lazarus was a pioneer in…
DetailsJust one week after announcing it would bankroll The Pickers, Club Maitland City has announced its financial backing for the citys ailing leagues club. The clubs administrators Shaw Gidley told Fairfax Media the bowling club has entered into a temporary funding agreement with the leagues club so it can continue to trade. The news came 24-hours after…
DetailsNEW YORK — Toy company executive Isaac Larian says he and other investors have pledged a total of $200 million in financing and hope to raise four times that amount in crowdfunding in order to bid for up to 400 of the Toys R Us stores being liquidated in bankruptcy. The unsolicited bid still faces many…
DetailsThe Commonwealth Bank continued to offer card limit increases to a young man deep in credit card debt after he told them he had a gambling problem. The banking royal commission heard evidence from David Harris, who racked up over $35,000 in debt on CBA credit cards. Mr Harris is one of more than 2,500…
DetailsThe Commonwealth Bank offered to boost a customers credit card limit by thousands of dollars – adding to his existing debt of more than $27,000 – just days after he told the bank he had a problem gambling habit. And the bank has not yet put enough systems in place to prevent similar cases, a…
DetailsSINGAPORE — Listed commodity trader Noble Group, once an industry leader in Asia, is facing an uncertain future as its restructuring process comes under threat after it missed bond repayments. On Thursday morning, Noble halted trading of its shares. In a statement on the Singapore Exchange, the company said that it had defaulted on its debts. Noble,…
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