New Zealand House Prices Decline For Fourth Straight Month
Prices fell 0.2% in July from June, when they dropped a revised 0.1%, property consultancy Cotality said Wednesday in Wellington. From a year earlier, prices fell 0.2%.
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Global Investors Back Australian Startups in $425 Million Fund
Airtree Ventures, an investor in Canva Inc. and AirWallex, has closed a $425 million fund focused on Australia and New Zealand, saying international interest is growing in the region's startups. The firm's fifth fund comprises AU$250 million ($163 million) for seed investments and A$400 million for startups that are scaling up, it said in a statement on Wednesday. In addition to design software provider Canva and payments firm Airwallex, Airtree's portfolio includes seven other unicorns such as Go1 and Linktree.
Yahoo
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Private equity firms account for 35% of ClearView Wealth Limited's (ASX:CVW) ownership, while individual investors account for 32%
Key Insights The considerable ownership by private equity firms in ClearView Wealth indicates that they collectively have a greater say in management and business strategy The top 2 shareholders own 51% of the company Institutions own 26% of ClearView Wealth Trump has pledged to "unleash" American oil and gas and these 15 US stocks have developments that are poised to benefit. A look at the shareholders of ClearView Wealth Limited (ASX:CVW) can tell us which group is most powerful. And the group that holds the biggest piece of the pie are private equity firms with 35% ownership. In other words, the group stands to gain the most (or lose the most) from their investment into the company. Meanwhile, individual investors make up 32% of the company's shareholders. In the chart below, we zoom in on the different ownership groups of ClearView Wealth. Check out our latest analysis for ClearView Wealth What Does The Institutional Ownership Tell Us About ClearView Wealth? Institutions typically measure themselves against a benchmark when reporting to their own investors, so they often become more enthusiastic about a stock once it's included in a major index. We would expect most companies to have some institutions on the register, especially if they are growing. We can see that ClearView Wealth does have institutional investors; and they hold a good portion of the company's stock. This implies the analysts working for those institutions have looked at the stock and they like it. But just like anyone else, they could be wrong. When multiple institutions own a stock, there's always a risk that they are in a 'crowded trade'. When such a trade goes wrong, multiple parties may compete to sell stock fast. This risk is higher in a company without a history of growth. You can see ClearView Wealth's historic earnings and revenue below, but keep in mind there's always more to the story. ClearView Wealth is not owned by hedge funds. Crescent Capital Partners Management Pty Ltd. is currently the largest shareholder, with 35% of shares outstanding. In comparison, the second and third largest shareholders hold about 16% and 6.1% of the stock. To make our study more interesting, we found that the top 2 shareholders have a majority ownership in the company, meaning that they are powerful enough to influence the decisions of the company. Researching institutional ownership is a good way to gauge and filter a stock's expected performance. The same can be achieved by studying analyst sentiments. There is some analyst coverage of the stock, but it could still become more well known, with time. Insider Ownership Of ClearView Wealth The definition of an insider can differ slightly between different countries, but members of the board of directors always count. The company management answer to the board and the latter should represent the interests of shareholders. Notably, sometimes top-level managers are on the board themselves. Most consider insider ownership a positive because it can indicate the board is well aligned with other shareholders. However, on some occasions too much power is concentrated within this group. Shareholders would probably be interested to learn that insiders own shares in ClearView Wealth Limited. In their own names, insiders own AU$5.8m worth of stock in the AU$295m company. It is good to see some investment by insiders, but we usually like to see higher insider holdings. It might be worth checking if those insiders have been buying. General Public Ownership With a 32% ownership, the general public, mostly comprising of individual investors, have some degree of sway over ClearView Wealth. While this size of ownership may not be enough to sway a policy decision in their favour, they can still make a collective impact on company policies. Private Equity Ownership With a stake of 35%, private equity firms could influence the ClearView Wealth board. Sometimes we see private equity stick around for the long term, but generally speaking they have a shorter investment horizon and -- as the name suggests -- don't invest in public companies much. After some time they may look to sell and redeploy capital elsewhere. Next Steps: While it is well worth considering the different groups that own a company, there are other factors that are even more important. Take risks for example - ClearView Wealth has 1 warning sign we think you should be aware of. If you would prefer discover what analysts are predicting in terms of future growth, do not miss this free report on analyst forecasts. NB: Figures in this article are calculated using data from the last twelve months, which refer to the 12-month period ending on the last date of the month the financial statement is dated. This may not be consistent with full year annual report figures. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
Bloomberg
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Bloomberg Australia: Why The RBA's Ready to Cut Rates
The Reserve Bank of Australia surprised the market in July by holding interest rates steady - and only a few people saw it coming. One of those who did was Bloomberg Economics' James McIntyre. Now, he thinks that Governor Michele Bullock and her board will finally deliver a cut at the August 12 meeting. This week on the Bloomberg Australia Podcast, Chris Bourke talks to James about what's changed since the July decision, how far borrowing costs could fall this year - and why US President Donald Trump may play a role in what the RBA does next.
