#Broadspectrum is finished

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”

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#Broadspectrum is finished

REST Super: Major Shareholder In Manus and Nauru Detention. #Broadspectrum #RESTdivest

REST, the superannuation fund for workers in retail, warehousing and the fast-food industry, is a major shareholder in Transfield Services Broadspectrum.  According to Broadspectrum’s 2015 Annual Report, REST has just under 25 million shares Continue reading “REST Super: Major Shareholder In Manus and Nauru Detention. #Broadspectrum #RESTdivest”

REST Super: Major Shareholder In Manus and Nauru Detention. #Broadspectrum #RESTdivest

Transfield Lobbies Australian Council of Superannuation Investors (ACSI) To Stem Divestments

AllanGrayAllan 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”

Transfield Lobbies Australian Council of Superannuation Investors (ACSI) To Stem Divestments

How Managed Is The Conversation On #UniSuper?

Bernard Mees, a member of the Consultative Committee of UniSuper, recently published an article in The Conversation.

Here are two comments on that article: Continue reading “How Managed Is The Conversation On #UniSuper?”

How Managed Is The Conversation On #UniSuper?

Four Things You Should Know About #HESTAdivest #NauruInquiry #Transfield #UniSuper

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”

Four Things You Should Know About #HESTAdivest #NauruInquiry #Transfield #UniSuper

Australian Financial Review Loses Its Mind Over #HESTADivest. Why would that be?

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?”

Australian Financial Review Loses Its Mind Over #HESTADivest. Why would that be?