Recently I was asked what advice Id give to financial planners and their clients to navigate the current environment. Having thought more about it, I thought Id share my battle plan. First we must acknowledge that asset prices across virtually every market are either at fair value or significantly over-valued. As US investor Jayme Wiggins…
DetailsPRAGUE The Czech government approved a 700 million crown ($29 million) loan to help keep afloat hard coal miner OKD, an insolvent unit of New World Resources (NWRR.L) (NWRR.PR), the prime minister and industry minister said on Wednesday. OKD, a major employer in the Czech Republic’s industrial northeast, was declared insolvent by a court in…
Details
Legally Blonde star Reese Witherspoon’s expensive styling, appearance dee and bust schedule proved costly for organisers of a speaking gig which collapsed into liquidation last month.
Details
ABC News 16 June 2016 Administrators are trying to work out what caused the financial collapse of a NSW north coast baby carrier company. The directors of Hug-a-Bub Australia Pty Ltd, based at Byron Bay, put the company into voluntary administration on Monday. Founded 15 years ago by two mums, the company made organic baby…
DetailsDeutsche Banks profits nosedived from 800 million to just 20 million in the second quarter. The results were impacted by a tough environment for European banks, and a range of restructuring-related charges, as new CEO John Cryan looks to clean up the banks act. The bank took goodwill impairments of 285 million, restructuring and severance…
DetailsReports have emerged that Italian motorcycle manufacturer Benelli has been declared bankrupt by the Italian court in Pesaro over a 120,000 euro (RM535,600) debt. The matter arose after Benelli failed to pay suspension maker WP Performance the amount owed for the supply of suspension components. As a result, it has been reported that some completed…
Details
Dissolve 23 June 2016 The Simpatico Connection Pty Ltd has gone into liquidation. Stanley Morgan Accountants’ Brendan Nixon has been appointed liquidator of the business on June 17, 2016. The Simpatico Connection is the company behind a women’s conference at which Hollywood actress Reese Witherspoon was to be a speaker. The event was to be…
Details
The Courier Mail 25 July 2016 LEGALLY Blonde star Reese Witherspoon’s expensive styling, appearance fee and busy schedule proved costly for organisers of a speaking gig which collapsed into liquidation last month. The actor was scheduled to appear in Brisbane this month as the headline speaker for Simpatico Connection’s $3000-a-head conference to “inspire women”.…
Details
Gold Coast Bulletin 4 April 2016 CUSTOMERS fear they could be out of pocket by tens of thousands of dollars after a Gold Coast kitchen installation company went bust. Lorraine Melling, a retiree, is one of many frustrated customers who paid Gold Coast Creative Kitchens for a job before the business went into liquidation. A…
Details
ABC News 25 July 2016 A Queensland restaurant that was forced to change its name earlier this year amid backlash from some members of the Vietnamese community has appointed voluntary administrators. Aunty Oh’s Bia Hoi in the Brisbane suburb of New Farm ceased trading in mid-July and Brendan Nixon of Stanley Morgan Solvency Accountants was appointed…
Details