Computershare flags writedown
Recommendation
- {{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
- Indepth analysis of ASX listed shares
- BUY, Hold and Sell Recommendations
- Ideas Lab
- Special Reports
- Alan Kohler’s Weekend Briefing
- Interviews with CEO’s & top influencers
- Money Cafe and Talking Finance
- Super Advice and Q&A with Ask Alan
Computershare has announced a US$40m writedown to be taken in its full-year results following a review of non-core assets. The writedown relates to the disposal of a Californian insurance business, an NZ wealth management technology company and a small global marketing business; the planned sale of a German investment bank; and the winding down of the company’s Digital Post Australia joint venture ‘due to the absence of market support for this mail channel’.
Financially these businesses are inconsequential, but seeing the back of them will enable management – not least new chief executive Stuart Irving – to focus on its core business.
The company reiterated that it expects its measure of underlying earnings per share (which excludes the writedowns amongst other things) to rise 5–10% for the 2014 financial year.
The stock is up slightly since Computershare cut to Hold on 24 Mar 14 (Hold – $12.33). HOLD.
Note: Our model Growth and Income portfolios own shares in Computershare.
Recommendation
Call 1300 880 160
Start a chat
Schedule a call
