Computershare writes down $US40m
- {{x.value}}
{{ twilioFailed ? 'SMS Code Failed to Send…' : 'Enter verification code' }}
{{ completedStep1 ? 'Authentication & Security' : content.trialHeading.replace('{0}', user.FirstName) }}
{{ content.upgradeHeading.replace('{0}', user.FirstName) }}
The email address you entered is registered with InvestSMART
Please login to continue
We have sent you an email with the details of your registration.
Looks you are already a member. Please enter your password to proceed
{{ upgradeCTAText }}
Updating information
Please wait ...
Your membership to InvestSMART Group recently failed to renew.
Please make sure your payment details are up to date to continue your membership.
Having trouble renewing?
Please contact Member Services on support@investsmart.com.au or 1300 880 160
You've recently updated your payment details.
It may take a few minutes to update your subscription details, during this time you will not be able to view locked content.
If you are still having trouble viewing content after 10 minutes, try logging out of your account and logging back in.
Still having trouble viewing content?
Please contact Member Services on support@investsmart.com.au or 1300 880 160
Please click on the ACTIVATE button to activate your Intelligent Investor 15-day free trial
Please click on the ACTIVATE button to finalise your membership
Unsuccessful registration
Registration for this event is available only to Eureka Report members. View our membership page for more information.
Registration for this event is available only to Intelligent Investor members. View our membership page for more information.
- You are already registered for this event.
- This event is already full.
- Please select a quantity for at least one ticket.
- {{ i }}
Forgotten password
Please enter your email address below to request a new password
- Verify your email address by clicking on the link we sent to {{user.Email}}
- You now have free access, we look forward to helping you on your financial journey.
Computershare (CPU) expects to write down approximately $US40 million ($A42.4m) after tax after selling some businesses and closing its digital post joint venture to focus on its core activities.
The software provider announced in June it was closing its Digital Post Australia joint venture with Zumbox due to the absence of market support.
The company will also sell off its California-based Highlands Insurance Solutions business and its Auckland-based 50% stake in Chelmer Ltd at a premium to book value, realising profits.
But Computershare sold its Pepper business, located in Germany, Singapore and the US at a loss.
Computershare is also in the process of selling VEM Aktienbank, located in Germany.
The company said it is nearing the end of its review of non-strategic assets and does not anticipate any more writedowns from the review.
Computershare reaffirmed expectations of fiscal 2014 management earnings per share between 5% and 10% higher than fiscal 2013 results.