2020-01-22 04:35:381970-01-01 00:00:00
Menu

Industry News

& Articles

Bellamy’s to Be Removed from the ASX 200 Index

Bellamy's (BAL) shareholders have approved the proposed $1.5 billion acquisition...

Facebooktwitterlinkedin
Bellamy's to Be Removed from the ASX 200 Index    Bellamy's (BAL) shareholders have approved the proposed $1.5 billion acquisition of Bellamy's by a wholly owned subsidiary of China Mengniu Dairy Company Limited (Mengniu). Thursday, 5 December 2019, Bellamy's shareholders voted 99.23 per cent in favour of the offer. As a result, Dow Jones Indices announced that it will remove Bellamy's Australia Limited from the S&P/ASX 200. S&P Dow Jones will remove Bellamy's Australia Limited from the S&P/ASX 200 effective at the open of trading on December 11, 2019. EML Payments Limited (EML) will replace Bellamy's Australia Limited in the S&P/ASX 200 effective at the open on December 11, 2019. Bellamy's chief executive Andrew Cohen who will remain CEO under Mengniu's ownership said its new owner, Chinese dairy group Mengniu, has a very long-term vision for the infant formula company. Mr Cohen said, "The result was as we would have expected, which is in the national interest." Mr Cohen also stated that there were a lot of winners under the takeover deal. "I think it's a great result for shareholders, I think it's a great result for Mengniu, and I think it's

This article is available to Lotus Blue Investment Portal members only

7 Days Access

Latest Stories

Windlab Receives an Attractive Takeover Offer from Federation

Renewable energy investor Federation Asset Management Holdings Pty has made a non-binding and indicative proposal to obtain 100 per cent……

China’s Deadly Virus Has Killed Six

Government officials in China are striving to contain the outbreak of a deadly coronavirus that…..

The Reject Shop’s Recent Surge in Share Price

Shareholders would be filled with jubilation if they invested in The Reject Shop since the appointment of Andre Reich……

More for you

The Coalition’s Slashing of Public Service Funding: The Liberal Party’s Pledge of Cutting $1.5 Billion in Public Services Spending

The Public Service sector funding has emerged as a heated last-minute issue with major parties sharing polarised views on the topic….

The Trackless Tram

Australia’s ASX-listed gaming company Tabcorp Holdings has a marketing campaign……

Mortgage Industry: Delighted Over Liberal Win

As a previous participant within the mortgage brokering industry, it would have been a prime……

RBA Pushes Government to Take Action: Will a Cut to the Cash Rate Fix the Economy?

A clear request for greater structural change in the economy shone through in Reserve Bank Governor Philip Lowe’s……

Minimum Wage Rise: “Better Than Nothing”

Earlier today, the Fair Work Commission announced that the minimum wage from July 1 will be revised to $19.49 an hour or $740.80 a…

APRA Threatens Financial Institutions: Penalties Based on Inadequate Management of Non-Financial Risks

The Australian Prudential Regulation Authority (APRA) has indicated that a “significant uplift is required across industries”……

KOSEC Terms & Conditions

Kodari Securities Pty Ltd (CAR 399556) trading as KOSEC is regulated by the Australian Securities and Investment Commission (ASIC). KOSEC is a financial services company and any information provided by its platforms, portals, reports and documents is protected by copyright. Any unauthorised production of this information is prohibited.
KOSEC reserves the right to change or remove any information provided on our website, reports or any documents including these terms and conditions at any time without notice. The change or modification to the terms and conditions will be effective immediately upon posting an updated version on our website, necessary platforms and documents. It is recommended that you review the information provided on our website, including these terms and conditions frequently for any changes.

Disclaimer
KOSEC provides general advice only. The information provided is of a general nature only and does not take into account your individual objectives, financial situation or needs. It should not be used, relied upon, or treated as a substitute for specific professional advice. KOSEC recommends that you obtain your own independent professional advice before making any decision in relation to your particular requirements or circumstances. Please make sure you read our Financial Services Guide (FSG).

KOSEC does not guarantee any returns. Past performance of any product discussed is not indicative of future performance. (We urge that caution should be exercised in assessing past performance. All financial products are subject to market forces and unpredictable events that may adversely affect their future performance). Investing in the stock market can incur huge losses. Please also be aware that fees will incur on every transaction regardless of the performance of your investments or returns generated. Employees and or associates of KOSEC may hold one or more of the stocks, securities or investments reviewed by the company.

Your use of information from our website, reports, documents and from talking to our representatives/associates is at your risk. Under no circumstance should the investment be based solely on KOSEC information and general advice. You should seek professional financial planning advice.
KOSEC aims to maintain the accuracy of the data and information provided on this website, by using information prepared from a wide variety of sources, which KOSEC to the best of its knowledge and belief, considers accurate and does not make any representations or warranties of any kind, expressed or implied, about the completeness, accuracy, reliability, suitability or availability of the information provided.

We may at times refer to third parties, which the details of these third parties have been provided solely for you to obtain further information about other relevant products and entities in the market. KOSEC has no control over the information third parties have, or the products or services offered, and therefore make no representations regarding the accuracy or suitability of such information, products or services. You are advised to make your own enquiries in relation to third parties. Our inclusion of any third party content is not an endorsement of that content or the third party.

Fees
As a client you will be charged a yearly service fee and a set brokerage fee per transaction. Your service fee will automatically renew at the end of your agreed 12 month period at the same rate advertised at the time. Your credit card or bank account will be charged for a further year following which will again auto renew until you cancel your yearly service fee. You can cancel the auto renewal at any time in advance of the renewal date by contacting us. KOSEC is aware of the need to ensure the security of your credit card details and our payment systems are compliant with the Payment Card Industry (PCI) Data Security Standard.

Privacy
You consent to receiving email correspondence from KOSEC, as well as companies KOSEC has an association with. These emails will be sent by KOSEC and third party companies. You can opt out of receiving any category of emails at any time by contacting us. We may from time to time inform you of special offers, or even ask your opinion of the services we provide, but your involvement is optional. Should you request us to do so, we will archive your details.

Indemnity and Liability
You indemnify KOSEC from all claims or threatened claims, suits, demands, damages, costs as well as including legal costs incurred in dealing with any threatened claim, expenses made by any person or corporation against KOSEC and any other amounts which is caused by KOSEC providing information, execution and General Advice.

You hold KOSEC harmless and release it from any liability in respect of any loss, harm or damage arising from a decision made by you on the basis of information obtained through the use of our portal, reports, documents or any General Advice given and any transaction taken place.

You hold KOSEC harmless and release it from any liability in respect of any loss, harm or damage arising from delays in executing orders for the client and acknowledges KOSEC makes no guarantees about the time taken to execute an order on behalf of the client. You acknowledge that KOSEC relies on third parties in providing technology and release KOSEC from any harm, loss or damage you may suffer as a result of the failure of such information technology.

Cookies and Links
KOSEC website, and its portal uses cookies, which lets us identify your browser while you are using the site or our portal. Cookies do not identify you personally. They simply allow us to track your usage patterns. If you prefer not to receive cookies, you can configure your browser to reject them or to notify you when they are being used. The functionality of the KOSEC website may be impacted if you restrict the use of cookies.

Fill up the form below and we will get back to you as soon as possible.

CLAIM YOUR FREE E-BOOK &
7 DAY ACCESS TO LOTUS BLUE

STOCK MARKET SUCCESS

KOSEC’s CEO, Michael Kodari’s new book, “Stock Market Success” valued at $39.95, available at Dymocks book stores with all the proceeds going to Dymocks Children’s Charities.

CLAIM YOUR FREE E-BOOK WHEN YOU LOGIN TO LOTUS BLUE INVESTMENT PORTAL

Latest TV Commercial