Voters refused to be spruiked
Jamie McIntyre has emerged as one of the federal election's biggest losers, but there is a silver lining for the get-rich-quick spruiker in his failed bid for a seat in the lower house.
McIntyre scored just 5529 votes in New England after failing to get his 21st Century Australia Party registered in time for its name to appear on the ballot paper.
Scurrilous allegations that some of McIntyre's mammoth Twitter following was bought were also an unwelcome distraction.
On Saturday night, National Party senator Barnaby Joyce stormed New England with 54 per cent of the primary vote, moving to the lower house and scoring an election-night visit from Her Roy Hill Highness Gina Rinehart.
Nonetheless, McIntyre's 6.76 per cent of the vote entitles him to public funding, at a little more than $2.48 a vote. That's about $13,750, which would buy about 5.5 million Twitter followers.
Palmer presses on
While the election seems to have put an end to the previously unstoppable flow of press releases from McIntyre's PR maven Max Markson, the same can't be said of the rather successful Clive Palmer.
His Palmer United Party may have two senators in the bag and a good stab at taking the Queensland lower house seat of Fairfax for himself, but Palmer seems intent on erasing the boundary between winner and whiner.
At last count, Palmer was a couple of thousand votes ahead of Liberal National Party candidate Ted O'Brien, but on Tuesday afternoon the mining magnate was adamant he was set to lose due to "corrupt practices" relating to postal and pre-poll votes.
If Palmer is right, that will save him from having to detail his business affairs on the parliamentary register of interests.
CBD wonders how much Palmer's wealth has been drained by his campaign blitz.
In addition to his mining interests, he also controls Palmer Aviation, which owns a PUP-branded Bombardier, registered in tax haven the Isle of Man, in which he has been criss-crossing the country while campaigning.
Palmer is often said to be worth billions, but paperwork filed with the Personal Property Securities Register show he has not put any of that cash on the line by buying the plane outright.
Instead, it is financed by a mortgage with GE.
As is the usual practice in aircraft finance, the engines are separately mortgaged.
Cuts at Wilson HTM
Loss-making stockbroker Wilson HTM has laid off 14 people, including one of Australia's most respected business commentators, senior analyst and former Chanticleer columnist for The Australian Financial Review, Ivor Ries.
"We have let one senior analyst and two less senior analysts go," acting chief executive Sandy Grant told CBD. He said seven support staff and four "associate advisers" - brokers and wealth managers - had also been laid off.
After the bloodshed, Wilson HTM retains 13 analysts, which Grant defended as "still one of the largest teams that services that small to mid-cap part of the market ... We're a house that's still committed to the space we analyse and provide advice to - typically small to mid-cap companies. There's no change in strategy, there's an adjustment to our cost base."
Grant said broking margins remained under pressure across the industry.
"Broking conditions and margins in broking are still difficult," he said. "We're not Robinson Crusoe in relation to this."
The stock exchange-listed company declared a loss of $1.6 million for 2012-13.
Grant declined to say how much the redundancy program would cost.
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