Source: AFR By: Gus McCubbing Major investors are threatening to spill the board of Orora with growing frustration over bonuses paid to chief executive Brian Lowe despite a long stretch of underperformance and disquiet over a strategy that has included the poorly received purchase of......
Source: The Financial Review By: Sam Buckingham-Jones Southern Cross Media chairman Heith Mackay-Cruise is resigning and handing over to a long-time ally of Kerry Stokes, as the businessman strengthens his grip over the radio and television empire. The billionaire Stokes family merged Network Seven owner......
Source: The Sydney Morning Herald By: Calum Jaspan and Colin Kruger A director from Kerry Stokes’ old publishing empire Seven West Media will be the new chair of Southern Cross Austereo, the radio network that absorbed the media mogul’s former TV and publishing company in January. Heith......
Source: The Australian By: Joseph Carbone Southern Cross Media executive chair Heith Mackay-Cruise has stepped down after less than three months in the role after the merger of Southern Cross Austereo and the Stokes family-controlled Seven West Media. Mr Mackay-Cruise was widely reported as being on the outside......
Source: The Financial Review By: Sam Buckingham-Jones A major shareholder in Southern Cross Media has demanded the removal of the company’s chairman and two directors in a move that could pave the way for billionaire businessman Kerry Stokes’ former right-hand man, Bruce McWilliam, to take......
Source: The Financial Review By: Joe Aston On Tuesday morning, Southern Cross Media announced that it was diluting its shareholders by 49.9 per cent and giving them no say in a predestined merger with Seven West Media. Chaos ensued. Six months have passed since the......
Source: The Financial Review By: Sam Buckingham-Jones Southern Cross Media’s takeover of Kerry Stokes’ Seven West Media will net the media mogul hundreds of millions of dollars in losses that can be used as tax credits worth far more than his stake in the business......
Source: The Financial Review By: Anthony Macdonald This burning issue comes down to trust, and a complete breakdown of it between boards and some of their biggest shareholders. It’s no good for anyone. While the ASX faffs around with its listing rules review, cheeky companies and......
Source: The Financial Review By: Joyce Moullakis and Sam Buckingham-Jones Seven West Media’s proposed $420 million tie-up with Southern Cross has sparked accusations the ASX’s listing rules are out of step with those in major international markets as the corporate regulator takes an increased interest......
Karoon has been listed on the ASX for 20 years. Over that time period, it has never paid a dividend. Sandon Capital believes that now is the time for investors to be rewarded with dividends and/or buybacks given Karoon’s status as a fully fledged oil and gas producer. We consider this will help to narrow the large valuation gap Karoon trades at relative to its peers.
Sandon Capital considers Magellan to be deeply undervalued and misunderstood by the market. Magellan shares trade at a significant discount to their intrinsic value as well as a substantial discount to its peers.
At the time of investment, A2B’s share price was underpinned by its valuable property holdings. Sandon Capital believes significant value can be unlocked through operational improvement, improved capital allocation and strategic changes.
Contrary to board and broker consensus, Sandon Capital believed a lucrative royalty was being significantly undervalued by the market.
Fleetwood was perceived as a mining services company with a number of stranded assets that had failed to deliver consistent profits.
Sandon Capital saw the potential for a turnaround in CYG’s performance with a change in governance and a strategic shift in operations and capital management.
Sandon Capital believed that changes in the operational and capital management strateges would lead to improved performance and a share market rerating.
Sandon Capital founder Gabriel Radzyminski is in the throes of hand-to-hand combat with the board of Southern Cross Austereo.
Any company will ultimately bend to the will of the majority of shareholders, says the market-beating fund manager.
Activist fund managers have the potential to create even more value from downtrodden companies as a result of the coronavirus turmoil, according to Independent Investment Research, because the timing is extremely favourable for a turn of fortunes.
The forces behind the uptick in shareholder activism have been building for a decade. In this article Gabriel Radzyminski and other experts share their views.
In this Firstlinks article Gabriel Radzyminski, Sandon Capital Founder, Managing Director and Portfolio Manager, describes how activist investing plays an important role in building the efficiency of Australian capital markets and in protecting and enhancing common shareholder wealth.
Watch the Sky News interview with Business Editor Ross Greenwood.
Watch the Money of Mine Interview with Gabriel Radzyminski.
Watch the Investment Markets Interview with Gabriel Radzyminski.
Watch the Australian Financial Review panel discussion, including panel member Gabriel Radzyminski.
Watch the SALT Talks interview with Rachel Pether.
Source: TheAustralian By: Tansy Harcourt Pediatrician Antonia Milner has resorted to crushing up Azithromycin tablets for tiny babies who would normally receive liquid antibiotics. Parents of children who take long-acting medication for ADHD are being told by their pharmacists to come back the following week......
Source: The Sun Herald By: Mary Ward and Amber Schultz Hundreds of key medicines are in short supply in Australia as experts warn the problem is putting lives and livelihoods at risk. The Therapeutic Goods Administration (TGA) lists more than 420 medicines as being in......
Source: The Sun Herald Opinion A generation of women shied away from using treatments to ease the symptoms of menopause after a 2002 study linked hormone replacement therapy (HRT) with an increased risk of medical conditions such as stroke and breast cancer. The hesitance to......
Source: The Australian By: Tansy Harcourt Delivered like a guillotine to the neck. The board of Lendlease and Karoon Energy found out the hard way this week that they had ignored activist investors at their peril. Autobarn owner Bapcor might be just about to learn......
Source: Financial Review By: Gabriel Radzyminski The upper echelons of corporate Australia are drawing their battle lines against the notion that shareholders might nominate directors. Esteemed National Australia Bank chairman Phil Chronican has weighed in, citing conflicts of interest should super funds nominate directors to the boards of......
Source: Livewire By: Chris Conway Activist Investing: Changing the corporate status quo for investors’ benefit Activism isn’t new in Australia but it is gaining prominence – and the performance returns will make investors sit up and take notice. Activist investing has gained traction in Australia......
Source: Sandon Capital By: Sandon Capital Sandon Capital’s 2023 AGM Season Recap The end of November marks the end of AGM season for companies with a 30 June balance date. For the Sandon Capital portfolio, AGM season has been positive. AGMs are often eschewed by......
Source: Financial Review By: Gabriel Radzyminski Whether we realise it or not, most Australians have an interest in the ability of shareholders to hold the directors of the companies we own to account. For most of us, this is through our superannuation or pension products.......
Download our response to draft legislation on Australian Government Treasury Department’s proposed reforms to allow virtual AGMs....
Source: The Australian Financial Review. By: Michael Roddan. Treasury’s proxy adviser reforms will “further entrench underperforming listed company directors”, reduce management accountability and weaken shareholder rights, Sandon Capital founder Gabriel Radzyminski says. Treasurer Josh Frydenberg’s proposed overhaul of the proxy advice sector would shield directors and management who oversee......