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Aug 03, 2020
On 30 July 2020, General Motors Financial Company (GMF, Company) announced 1H20 results for the six month period ended 30 June 2020. GMF recorded softer revenues, earnings before tax (EBT) and net profit after tax (NPAT).
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Jul 30, 2020
On 30 July 2020, Genworth Mortgage Insurance Australia Limited, the non-operating holding company for Genworth Financial Mortgage Insurance Pty Ltd, reported a statutory net loss after tax of AUD90.0m for the six months ended 30 June 2020. Much of the headline result was impacted by provisions for expected future claims in response to COVID-19 that were announced in the first quarter, with the company reporting a net profit after tax of AUD35.6m in the second quarter.
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Jul 29, 2020
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Jul 29, 2020
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Jul 29, 2020
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Jul 29, 2020
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Jul 29, 2020
On 27 July 2020, Emeco Holdings Limited (Emeco) released its full year results for the period ended 30 June 2020 (FY20). Overall, the results were solid, owing in part to the contribution of recent acquisitions. Emeco reported revenue and EBITDA of AUD540m and AUD246m, respectively, both were up about 15% on the prior year.
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Jul 21, 2020
On 20 July 2020, Privium Group (Privium, Company) provided a trading update for the 11 months ended 31 May 2020 and an update on progress of the refinancing of its notes. While full year results are still to be finalised, the Company reported a 5% increase in sales to 1,215 (FY19 1,154), with revenue to May of AUD235.3m and EBITDA of AUD12.0m.
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Jul 15, 2020
In our latest Credit Outlook looking at what's in store for the next six months, we consider the various dynamics at stake that will influence the financial markets and the economy for the rest of 2020. Notwithstanding better than feared data more recently, significant uncertainty around the recovery in employment and demand is likely to weigh on the private sector (businesses and households) for some time.
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Jul 10, 2020
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Jul 10, 2020
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Jul 10, 2020
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Jun 30, 2020
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Jun 26, 2020
Credit spreads have tightened materially since the dislocation
experienced in March this year, however prices have not fully
recovered, providing an investment opportunity in the USD space.
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Jun 26, 2020
The newest additions to FIIG’s USD DirectBond list are two investment
grade (IG) rated corporate hybrids issued by BP Capital. These newly
issued securities offer strong relative value.
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Jun 25, 2020
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Jun 25, 2020
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Jun 25, 2020
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Jun 23, 2020
Next Generation Clubs Australia (Next Gen, Company) recently provided a trading update. The update, which was in mid-June, coincided with the opening of some of its facilities. In Australia, all of its clubs have now reopened - Adelaide, Canberra, Perth and Sydney. However, Next Gen's clubs are currently operating in accordance with each state's social distancing guidelines (increased hygiene requirements in the near-term are expected to lead to higher operating costs).
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Jun 16, 2020
On 4 June 2020, Elanor Wildlife Park Fund (EWPF, Company) released its results for the period from 29 November 2019 (fund inception) to 31 March 2020. Results were considerably softer than forecasts as Featherdale Sydney Wildlife Park (Featherdale) and Mogo Wildlife Park (Mogo) were forced to close for extended periods of time due to severe Australian bushfires and measures to contain the spread of COVID-19.
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