STOCK EXCHANGE – AUSTRALIA

ASX listings climb with hopes for more

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Original article by Matt Bell
The Australian – Page: 18 : 8-Jan-25

A total of 67 companies listed on the Australian sharemarket in 2024, compared with just 45 in the previous calendar year. It also follows 107 new listings in 2022 and 241 in 2021. However, takeovers and de-listings resulted in the number of companies on the ASX falling from 2,191 in 2023 to 2,116 at the end of 2024. James Posnett from the ASX is upbeat about the outlook for new listings in 2025, noting that there has been increased confidence and renewed interest in listing in recent months.

CORPORATES
ASX LIMITED – ASX ASX

The ASX shrinking for the first time in 18 years

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Original article by Alex Gluyas, James Thomson
The Australian Financial Review – Page: 1 & 24 : 6-Jun-23

MST Marquee estimates that the Australian sharemarket’s total capitalisation will fall by about $43bn by the end of 2023, due to the current wave of mergers and acquisitions activity. This will be the first time the local bourse has de-equitised since 2005, when News Corp moved its primary listing to the US. The de-equitisation trend is particularly strong in the resources sector, although Hasan Tevfik from MST Marquee notes that this is also boosting the valuations of resources groups; he adds that rising valuations may prompt more companies to pursue an IPO.

CORPORATES
MST MARQUEE

Regulator confident plans are in place

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Original article by Michael Roddan
The Weekend Australian – Page: 26 : 29-Feb-20

The Australian Securities & Investments Commission is working with the Australian Financial Markets Association and large institutions to ensure that the coronavirus outbreak does not stop financial markets from remaining open. ASIC chairman James Shipton notes that it has a pandemic response plan in place, while ASIC’s executive director of markets Greg Yanco says the economic impact of the virus is uncertain. Shipton says ASIC has set up an internal working group to monitor the potential threat that the coronavirus poses and to work with other regulators.

CORPORATES
AUSTRALIAN SECURITIES AND INVESTMENTS COMMISSION, AUSTRALIAN FINANCIAL MARKETS ASSOCIATION INCORPORATED

Equity boom helps ASX offset fall in IPOs

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Original article by Joyce Moullakis
The Australian – Page: 13 & 18 : 8-Jan-20

The ASX’s latest activity report shows that a total of $66.3bn in capital was raised on the Australian sharemarket in 2019, compared with $98.9bn in 2018. The number of IPOs fell from 132 to just 94 in 2019, amid volatility in the global IPO market and the cancellation of several major floats on the domestic market. Meanwhile, total trades in the ASX’s cash market were 25 per cent higher in the second half of 2019 compared with the previous corresponding period, while the total on-market value traded for the half-year was nine per cent higher than previously.

CORPORATES
ASX LIMITED – ASX ASX

Challenging year in the offing for ASX listings

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Original article by William McInnes
The Australian Financial Review – Page: 12 & 16 : 8-Jan-19

More than 130 companies debuted on the Australian sharemarket in 2018, but stock exchange operator ASX Limited expects the environment for new listings to be difficult in 2019. Max Cunningham, the ASX’s executive general manager of listings, says the first quarter in particular will be challenging given the recent market volatility, although the outlook for calendar 2019 will become clearer by March or April. He adds that several large technology companies are looking at IPOs, and he notes increased listing activity in the mining sector.

CORPORATES
ASX LIMITED – ASX ASX, COLES GROUP LIMITED – ASX COL, PROPERTY EXCHANGE AUSTRALIA, COLONIAL FIRST STATE GLOBAL ASSET MANAGEMENT, WISETECH GLOBAL LIMITED – ASX WTC, XERO LIMITED – ASX XRO, APPEN LIMITED – ASX APX

ASX, PEXA square up in settlement market

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Original article by Joyce Moullakis
The Australian Financial Review – Page: 15 & 26 : 1-Jun-18

The ASX and Infotrack have announced a joint venture aimed at targeting the electronic property settlement market, which is valued at $A200 million. Sympli Australia is expected to be up and running by the end of 2018, and will compete with existing market participant Property Exchange Australia, whose shareholders include the big four banks and Link Group. The ASX expects to invest $A30 million in Sympli in the first three years of its operation.

CORPORATES
ASX LIMITED – ASX ASX, INFOTRACK PTY LTD, PROPERTY EXCHANGE AUSTRALIA, LINK ADMINISTRATION HOLDINGS LIMITED – ASX LNK, MACQUARIE GROUP LIMITED – ASX MQG, MARTIN CURRIE INVESTMENT MANAGEMENT LIMITED, RESERVE BANK OF AUSTRALIA

ASX predicts rise of technology titans

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Original article by Yolanda Redrup
The Australian Financial Review – Page: 16 : 21-May-18

Latitude Financial and Colonial First State Global Asset Management are among the companies that could potentially list on the Australian sharemarket before the end of 2018. The bourse has traditionally been heavily weighted toward banking and resources stocks. However, ASX executive Max Cunningham says more technology companies could be added to the S&P/ASX 20 in the next decade, given that the sector continues to be the most popular among investors.

CORPORATES
LATITUDE FINANCIAL SERVICES LIMITED, COLONIAL FIRST STATE GLOBAL ASSET MANAGEMENT, PROSPA PTY LTD, ASX LIMITED – ASX ASX, CSL LIMITED – ASX CSL, XERO LIMITED – ASX XRO, NATIONAL AUSTRALIA BANK LIMITED – ASX NAB, BIG UN LIMITED – ASX BIG, GETSWIFT LIMITED – ASX GSW

Brace for more volatility, warns ASX chief

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Original article by Glenda Korporaal
The Australian – Page: 21 : 16-Feb-18

Stock market operator ASX Limited has posted a 2018-17 interim net profit of $A230.5m, which is 5.1 per cent higher than previously. The half-year was characterised by a low level of market volatility, and ASX CEO Dominic Stevens says the volatility experienced so far in 2018 is likely to persist for 3-4 months. He adds that a certain amount of volatility can boost the earnings of stock exchange and futures market operators like the ASX, although he cautions that too much volatility can affect the IPO market.

CORPORATES
ASX LIMITED – ASX ASX

ASX will share blockchain system savings

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Original article by James Eyers
The Australian Financial Review – Page: 15 : 8-Dec-17

Stock exchanger operator ASX Limited expects to achieve significant cost savings by phasing out its CHESS settlement and clearing system for equities in favour of one based on blockchain technology. Financial market experts say the shift to distributed ledger technology developed by Digital Asset Holdings will increase the sharemarket’s transparency, and have welcomed the ASX’s announcement that some its cost savings will be passed on to market participants. The ASX could potentially deploy blockchain technology for other markets.

CORPORATES
ASX LIMITED – ASX ASX, DIGITAL ASSET HOLDINGS LLC, STOCKBROKERS AND FINANCIAL ADVISERS ASSOCIATION LIMITED, NORTHERN TRUST COMPANY, DIGITALX LIMITED – ASX DCC, EUROZ SECURITIES LIMITED, KPMG AUSTRALIA PTY LTD, NCC GROUP, AUSTRALIA. DEPT OF THE TREASURY, JP MORGAN AND COMPANY INCORPORATED

Kirkland Lake eyes Australian growth

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Original article by Peter Ker
The Australian Financial Review – Page: Online : 1-Dec-17

$A4 billion Canadian mining firm Kirkland Lake Gold, the owner of the Fosterville gold mine near Bendigo in Victoria, began trading its securities on the ASX on 30 November. Fosterville was producing just 105,000 ounces of gold a year as recently as 2014, but Kirkland Lake Gold CEO Tony Makuch believes it could be producing 400,000 ounces of gold by 2020. Kirkland Lake Gold also has an interest in the Pilbara region of Western Australia through its stake in Novo Resources.

CORPORATES
KIRKLAND LAKE GOLD LIMITED, ASX LIMITED – ASX ASX, NOVO RESOURCES CORPORATION, TORONTO STOCK EXCHANGE