Archive for March 2020

Commercial in confidence The rising economic concern of the coronavirus outbreak has caused the ASX to fall in its’ worst day since the GFC. Given the changing conditions, we will have updated market communication that you can provide to your clients tomorrow. In terms of the Madison sale process, there has been no material changes since Friday. We expect…

Commercial in confidence I hope the week has ended well for you and you are looking forward to your weekend.  Our thanks to everyone for attending and participating in the Principals’ briefings, the master classes and PD day sessions. We hope you found each session valuable and informative. As I mentioned yesterday, the IM is…

Commercial in confidence During challenging times, there are moments when you (I) wonder if the frustration, long hours, exhaustion and uncertainty are worth the effort. Then something happens and you get the boost needed to draw breath and keep going (I know you can relate). This happened to me today. Kerry and I were delayed on our…

Commercial in confidence Today was the due date for Expressions of Interest for Madison, Proactive Portfolios and WealthPortal. Due to the number of interested parties, the Information Memorandum has not yet been distributed. We are working with Seaview Consulting to finalise the document. It will only be provided to companies who have executed the Non-Disclosure Agreement and are suitable…

Commercial in confidence There has been no material change since yesterday’s communication.   As you can appreciate, there is a significant amount of information to be placed in the data room to support a sale process and allow interested parties to conduct comprehensive due diligence.  We expect a draft IM to be available late this evening, early tomorrow. …

Commercial in confidence I hope you had a relaxing weekend and managed some time out with your families. Today we hosted the Sydney Principals’ briefing. The questions across the country are very similar from state to state. Questions such as; How will the process work? What happens if we don’t think the option is a…