Madison Update – 19 March
Commercial in confidence
Today we experienced another history-making event. The RBA simultaneously cut rates by 0.25bp, announced it’s first quantitative easing program, including a 3 year funding facility to provide cheap loans to bank and printing money to stimulate the economy. Whilst we’re all waiting for the curve to ‘flatten’, let’s hope these fiscal policy changes together with the discipline of self-isolation help cushion some of the rough ride our economy is facing. In the meantime, let’s think about this with a different lens for a moment. Part of the reason we have so much financial uncertainty, is due to a health crisis (well, pandemic). Without good health, the economic conditions of nations can be severely impacted. Without good economic conditions, the health of nations can lead to the same outcome. They are linked. Both needed guidance and support to sustain and weather times such as these. In times like this the importance of advice (and your expertise) becomes exponential.
With respect to the sale of Madison, we expect our timeline to be pushed out by a week, perhaps two. I’ll provide better clarity once I’ve spoken with Bob and PwC. As you can appreciate, the interested bidders are also dealing with the same uncertainty we are and their current focus is on their companies, clients and teams. That said, all parties are still fully engaged, asking many questions and want to get to an outcome quickly. It may mean due diligence via zoom and other creative ways, but we will be staying on top of the process.
Please CLICK HERE to register once for the recurring webinar held Wednesdays at 11am.
Tomorrow we will be hosting another Investment Market update at 10am CLICK HERE to register. Quilla has sent through the presentation in advance and will include 15min of Q & A. Please send through any questions in advance to investmentservices@madisonfg.com.au.
Jaime 0439 079 786
Kerry 0402 145 480
Dave 0466 710 170
Sincerely,
Annick
0409 706 963
Madison Update – 19 March
Commercial in confidence
Today we experienced another history-making event. The RBA simultaneously cut rates by 0.25bp, announced it’s first quantitative easing program, including a 3 year funding facility to provide cheap loans to bank and printing money to stimulate the economy. Whilst we’re all waiting for the curve to ‘flatten’, let’s hope these fiscal policy changes together with the discipline of self-isolation help cushion some of the rough ride our economy is facing. In the meantime, let’s think about this with a different lens for a moment. Part of the reason we have so much financial uncertainty, is due to a health crisis (well, pandemic). Without good health, the economic conditions of nations can be severely impacted. Without good economic conditions, the health of nations can lead to the same outcome. They are linked. Both needed guidance and support to sustain and weather times such as these. In times like this the importance of advice (and your expertise) becomes exponential.
With respect to the sale of Madison, we expect our timeline to be pushed out by a week, perhaps two. I’ll provide better clarity once I’ve spoken with Bob and PwC. As you can appreciate, the interested bidders are also dealing with the same uncertainty we are and their current focus is on their companies, clients and teams. That said, all parties are still fully engaged, asking many questions and want to get to an outcome quickly. It may mean due diligence via zoom and other creative ways, but we will be staying on top of the process.
Please CLICK HERE to register once for the recurring webinar held Wednesdays at 11am.
Tomorrow we will be hosting another Investment Market update at 10am CLICK HERE to register. Quilla has sent through the presentation in advance and will include 15min of Q & A. Please send through any questions in advance to investmentservices@madisonfg.com.au.
Jaime 0439 079 786
Kerry 0402 145 480
Dave 0466 710 170
Sincerely,
Annick
0409 706 963