WHK Group Ltd

Entity type image
Type: Company
Name: WHK Group Ltd
First reported May 17 2013 - Updated May 17 2013 - 1 reports

8% dividend yield — too good to be true?

A scan of the industrials sector for companies with dividend yields of 8% or more, based on trailing dividend payments, produces a list of over 50 stocks. At first glance many of these companies, which are well known and quite widely held by investors ... [Published NineMSN Finance - May 17 2013]
First reported May 10 2013 - Updated May 10 2013 - 1 reports

SFG and WHK romance comes to an end

Inside the deal | It was an email, sent late on Sunday by SFG Australia’s board and its advisers to their counterparts at listed accountant WHK Group that spelt the end of a current round of negotiations about a “merger of equals”. ... [Published Australian Financial Review - May 10 2013]
First reported May 08 2013 - Updated May 08 2013 - 1 reports

SFG suspends WHK bid, lays out conditions

Financial planner SFG Australia has withdrawn its $A320 million offer for accounting firm WHK Group. This followed WHK's downgrading of its earnings forecast for 2012-13 by 20 per cent. SFG said that it will consider a revised offer after reviewing the ... [Published Individual.com - May 08 2013]
First reported May 07 2013 - Updated May 08 2013 - 2 reports

The downside of record low rates

Interest rates at record lows spells bad news for savers and risk-averse retirees but produce a bonanza for the sharemarket and property investors, experts say. WHK Group chief economist Darryl Gobbett said even people attached to term deposits would ... [Published The Sydney News - May 08 2013]
First reported May 08 2013 - Updated May 08 2013 - 1 reports

SFG pursues other mergers on WHK proposal suspension

SFGA managing director Tony Fenning told Financial Standard that the firm was "enthusiastically" looking at a range of other offers, including a number of small firms."We are looking at transformative acquisitions all day, everyday'... Other options include ... [Published Financial Standard - May 08 2013]
First reported May 07 2013 - Updated May 07 2013 - 1 reports

BREAKFAST DEALS: Virgin stake-out

Richard Branson may be looking to offload his remaining Virgin Australia holding, while a bidding war for the Trust Company intensifies.You must be logged in to read this articleNot a member yet? Register today ›Business Spectator is available on all ... [Published Business Spectator - May 07 2013]
First reported May 07 2013 - Updated May 07 2013 - 1 reports

SFG suspends WHK bid, lays out conditions

SFG Australia has walked away from a potential $600 million merger with accounting firm WHK Group, following WHK’s 20 per cent earnings downgrade for the half year ending June 30. However, major WHK shareholders were not informed of the change until late ... [Published Australian Financial Review - May 07 2013]
First reported May 07 2013 - Updated May 07 2013 - 1 reports

SFG Australia Withdraws All-Stock Bid for WHK

SYDNEY--SFG Australia Ltd. (>> SFG Australia Ltd) has withdrawn an all-stock offer for WHK Group Ltd. (>> WHK Group Limited) that would have created a financial advisory and wealth management firm with a combined market value of around 760 ... [Published 4 Traders - May 07 2013]
First reported Apr 30 2013 - Updated Apr 30 2013 - 1 reports

Lower bid likely for WHK Group

There is speculation about SFG Australia's bid for WHK Group after the latter again downgraded its earnings forecast. The accounting firm has cut its earnings guidance for 2012-13 by 27 per cent to $A26.68 million, its fourth profit warning in six months. ... [Published Individual.com - Apr 30 2013]
First reported Apr 30 2013 - Updated Apr 30 2013 - 1 reports

WHK downgrade casts doubt on merger

Emerging from a trading halt, the stock of WHK Group on 29 April 2013 fell $A0.105 to close at $A0.895. The reason was a profit warning for the second half of 2012-13, with the accounting network group now forecasting a drop by a fifth to EBITA of $A10.88m. ... [Published Scottrade - Apr 30 2013]
First reported Apr 29 2013 - Updated Apr 29 2013 - 1 reports

WHK update may force takeover rethink

Accounting firm WHK Group and financial planning company SFG began discussions in 2012 on a possible $A600 million merger. Currently, SFG is offering one of its shares for every 0.503 WHK shares. However, there is speculation that WHK will release details ... [Published Scottrade - Apr 29 2013]
First reported Apr 28 2013 - Updated Apr 28 2013 - 1 reports

WHK update may force takeover rethink

Takeover target WHK Group is expected to issue an earnings downgrade on Monday, potentially leading suitor SFG Australia to revise the premium it has offered WHK shareholders. John writes about financial services from our Sydney newsroom. ... [Published Australian Financial Review - Apr 28 2013]

Quotes

...He takes the somewhat contrarian view that the central bank was not aiming to lower the lofty Australian dollar — he says the bank's "internal studies show there is no statistically reliable connection between the exchange rate and the gap between Australian and overseas interest rates."
"There were synergies around us merging with WHK which would have been around liquidity and being the size of an ASX 200 company."
"We'll consider our position and make our intentions known sooner rather than later, but we certainly don't think this is over" Mr Burns told The Australian
''Banks have plenty of capacity to go down on term deposit rates,'' he said. "But there'll be more pressure on them to reduce borrowing rates."

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8% dividend yield — too good to be true? [Published NineMSN Finance - May 17 2013]
SFG and WHK romance comes to an end [Published Australian Financial Review - May 10 2013]
THE DISTILLERY: ASX applause [Published Business Spectator - May 08 2013]
SFG suspends WHK bid, lays out conditions [Published Individual.com - May 08 2013]
The downside of record low rates [Published The Sydney News - May 08 2013]
SFG pursues other mergers on WHK proposal suspe... [Published Financial Standard - May 08 2013]
BREAKFAST DEALS: Virgin stake-out [Published Business Spectator - May 07 2013]
Auditors warn of impairment charges [Published Australian Financial Review - May 07 2013]
Cut to boost shares, property; savers hit [Published Melbourne Age - May 07 2013]
SFG suspends WHK bid, lays out conditions [Published Australian Financial Review - May 07 2013]
SFG Australia Withdraws All-Stock Bid for WHK [Published 4 Traders - May 07 2013]
BREAKFAST DEALS: Paper money [Published Business Spectator - May 06 2013]
Selling GrainCorp into a sweeter bid [Published Eureka Report - May 01 2013]
Lower bid likely for WHK Group [Published Individual.com - Apr 30 2013]
FN Arena Broker Call Headlines - 30 Apr 2013 [Published NineMSN Finance - Apr 30 2013]
WHK downgrade casts doubt on merger [Published Scottrade - Apr 30 2013]
Markets Live: Up and up for banks [Published Brisbane Times - Apr 29 2013]
WHK update may force takeover rethink [Published Scottrade - Apr 29 2013]
WHK update may force takeover rethink [Published Australian Financial Review - Apr 28 2013]
WHK Group to present at the Small to Mid Caps C... [Published BRR Media - Apr 17 2013]
Billabong’s wave of uncertainty [Published Eureka Report - Apr 10 2013]
WHK, SFG in advanced talks: report [Published BvDEP Zephyr Editorial News - Feb 14 2013]
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