Category: News

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Man gambles entire town’s COVID funds after clerical ‘windfall’

It’s a tale of two countries: As Australia prepares to turn off the tap to its COVID-relief payment scheme, Japan is fighting to get back an entire town’s relief funds which it erroneously transferred to a single resident.

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Investors beware: ATO warns it will crack down on EOFY practice

The Australian Taxation Office is warning investors against engaging in a common tax-time practice, saying this particular form of tax avoidance is firmly on its radar this year.

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Note from the MD: Markets rebound after horror week on the boards

After seven straight days of plummeting prices – plus a new 52-week low – Australian shares finally rebounded yesterday, with the ASX 200 ending the session up 1.41%, at 6523.8 points.

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How this fundie finds recap opportunities in the current market

The era of ‘low interest rates, low cost of capital’ that we’ve experienced in recent years has led to a generation of investors, founders and operators who don’t know the reality outside the bubble and are now being caught out, says Equitable Investors’ Martin Pretty.

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Far East Gold mobilises crews for Hill 212 Project exploration

Far East Gold has concluded a Conduct and Compensation Agreement (CCA) with the Hill 212 landowners which allows the company to commence advanced exploration work at the site, including drilling.

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3 weird ways that ABBA (and others) tried to reduce their tax bill

With the end of the financial year upon us, Google searches related to reducing tax bills are once again trending upwards.

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Potentially undervalued Wellnex Life ‘demands rerating’: Report

Health and wellness brands company Wellnex Life should be worth more than three times its last traded price based on discounted cash flow metrics, according to Pitt Street Research.

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‘Not for faint-hearted’: Portfolio manager tells of whisky bet on Lark

Every second week we invite a leading fund manager to present at The Insider: Meet the Fund Manager. In March, Andrew Smith, from Perennial Partners, selected Lark Distillery as one of his three favourite stocks, citing what he sees as…

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Get rich or DIY trying: Scout taps into underserved market

Every second week we invite a leading fund manager to present at The Insider: Meet the Fund Manager. After his presentation in February, Equitable Investors investment manager Martin Pretty flagged another company he believes investors should take notice of right now – Chicago-based, ASX-listed security company Scout Security.

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Farmers facing same inflation challenges as hungry consumers

The looming prospect of a global food shortage has pushed food prices up to shocking levels, but farmers are not seeing the benefits of $12 lettuce heads flow into their bank accounts.

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Five Aussie states facing blackouts amid energy, inflation woes

The Australian Energy Market Operator has warned citizens in five Australian states to prepare for possible blackouts as a power shortage threatens the grid and bids up consumer prices.

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‘Energy hardship’ forcing business owners to use personal credit cards

A fifth of Australian small business owners have been forced to use personal credit cards on their business’s energy bills as prices rise before the dust of the pandemic is shaken off.

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