Commercial in confidence On Friday I mentioned, Bob Neill and the Seaview team were closing indicative bids for the sale of Madison.  Today I was informed we have eight (8)  registered bidders. at least three (3) of which we are comfortable to progress to due diligence.  If we’re counting small wins, in this environment that is quite…

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Commercial in confidence TGIF!  How is everyone?  It’s been another big week of news, adapting quickly and dealing with the unknown.  Thank goodness we’re not doing it alone. In amongst all of it, we’re still hearing amazing stories from advisers and the community.   Post my update yesterday, Bianca Dezotti, Honey & Hive (based in Adelaide…

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If you happen to venture out every now and then, you’ll notice the silence.  You may also notice that you’re not navigating people (or car) traffic and you don’t feel as rushed.  Time no longer feels short (in some aspects) and your day job has become “the other kind of housework”.  I’ve heard it said…

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Recent developments While stage 2 of the financial stimulus proposed by the Government (and passed by the Parliament), and the prospect of more to come, is welcome – the harder line message about social distancing is of concern for the economy and markets. Until Sunday night, the Government’s “flatten the curve” policy to manage the…

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Commercial in confidence Thank you to everyone who attended the teleconference. Reconfirming the key messages; non-binding offers are due Friday 27 March, due diligence commences Tuesday 31 March. We expect due diligence to be comprehensive. Jaime and I will prioritise our time towards this activity. We’re hearing many client stories from you and we think…

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Commercial in confidence We have had no material changes regarding the sale since yesterday’s communication. Interested parties will have until Friday to provide their updated bids. We’re continuing to stay close to Bob and the team at PwC to ensure we remain on top of the process to find an appropriate owner for Madison.   I still have a weekly update…

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Commercial in confidence We hope you’re all safe and well. We continue to have daily conversations about the sale of Madison.  Interested parties will put in their bids by Friday. Given the environment, we’re staying close to Bob and the team at PwC to ensure we stay on top of the process to find an appropriate…

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We are happy to share that Informed Investor is now live and accessible via the Madison Adviser Portal. What is Informed Investor? Informed Investor provides digital financial content solutions to help Advisers make informed financial decisions about investments for their clients. They work tirelessly in partnership with all areas of the financial sector to reduce…

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March to date March has seen the market volatility of late February continue, but with even greater intensity. In the first two weeks of March, the ASX200 and S&P500 indices fell around 22.3% and 18.3% respectively. This comes on top of their 7% – 8% falls in February. Developed country global equity markets to 17…

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Commercial in confidence As you would be aware by now, the various State Ministers are announcing their plans over the next 48 hours for closing borders, shutdowns on non-essential services, travel bans and a number of other restrictions to protect our country. These are significant measures. It’s important we adhere to them as a nation; and as…

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