Westpac - Let's See How The New CEO Handles These Fines
New CEO steps in to deal with AML mess. Fines set to range between AUD 12.3 bn to AUD 301 bn, implying 2xd consensus or 3x market-cap and this is...
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Westpac Placement: An Expected EPS Dilutive Deal but Discount Is Deep
Westpac Group announced an AUD 2.5 billion capital raising plan this morning, via a fully underwritten AUD 2 billion institutional placement and an...
579 Views
Australia Short Interest - August in Review
Of the 134 companies that reported annual results in August, 65% missed their targets on the top line and just over half reported a rise in profits...
550 Views
Shorts Get Smaller Down Under
Australia has a very well developed market for stock borrow and a robust regulatory regime for short selling. Short sell positions that exceed...
587 Views
Westpac Banking: Looking Fragile
Westpac Banking (WBC AU) is facing a class action suit regarding alleged irresponsible lending in home loans since 2011. This is the first class...
599 Views