On Thursday, April 28 2016, Broadspectrum (BRS) requested that trading in its shares on the Australian Stock Exchange (ASX) be halted pending the release of a statement by BRS.
According to the most recent report, Ferrovial is extending its takeover offer until May 13, as it aims to get at least 90% of buy-offers accepted by that date and will, upon doing so, de-list Broadspectrum from the ASX.
Continue reading “#Broadspectrum is finished”
A discussion on recent changes to Australia’s detention industry and policy by Sanmati Verma and Angela Mitropoulos. Continue reading “Roundtable: Nauru, Border Force and the Transformation of the Detention Complex”
Allan Gray is Transfield Services’ largest investor, with a stake close to $100 million, as reported three days ago. That figure wiil have diminished recently, with the decline in Transfield Services’ shareprice. Allan Gray is a global investment fund that originated in South Africa and is presently registered in Bermuda. It is also the second-largest shareholder of Fairfax Media. It is part of the Orbis Group.
With the recent divestments by the superannuation funds HESTA and NGS Super, Transfield Services has been under scrutiny from the Australian Council of Superannuation Investors (ACSI). Continue reading “Transfield Lobbies Australian Council of Superannuation Investors (ACSI) To Stem Divestments”
On August 17th, Transfield Services (TSE) issued a statement to the Australian Stock Exchange (ASX). This statement was not a media release but a compliance report in line with stipulations of the Corporations Act and ASX governance rules.
On August 18th, the sixth-largest superannuation fund in Australia (HESTA) announced that it was divesting from Transfield Services. This follows similar announcements by at least two smaller funds in the previous two years. Continue reading “Four Things You Should Know About #HESTAdivest #NauruInquiry #Transfield #UniSuper”
Less than a day after HESTA announced that it would divest its holdings in Transfield Services, the Australian Financial Review has run an editorial critical of that move. [here] Continue reading “Australian Financial Review Loses Its Mind Over #HESTADivest. Why would that be?”
Transfield’s $1.2 billion contract to run the detention centres on Manus and Nauru is set to expire on October 31st 2015.
As a consequence, there is a great deal of maneuvering going on, most of it behind the scenes. Let’s be clear: for Transfield and rival bids, the stakes are billions of dollars in contracts — not people’s lives.
There are two things that arise as a result of the contract tender process: Continue reading “Warning: #Transfield, the Detention Industry Are In the Contract Spin-Cycle”