Computershare flags writedown

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...

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.

{{content.question}}

{{ twilioFailed ? 'SMS Code Failed to Send…' : 'SMS Code Sent…' }}

Hi {{ user.FirstName }}

Looks like you've already taken a free trial

Please enter your payment details

We have sent you a code via SMS to {{user.DayPhone}}

please enter this code below to activate your membership

We cannot send you a code via SMS to {{user.DayPhone}}

If you didn't receive SMS code please

SMS code cannot be sent due to: {{ twilioStatus }}

Please select one of the options below:

Looks you are already a member. Please enter your password to proceed

Please untick this box when using a public or shared device


Verify your mobile number to unlock a FREE trial

Please sign up for full access

Updating information

Please wait ...

  • Mastercard
  • Visa
Mastercard

The email address you entered is registered with InvestSMART.

Please login or select "Don't know password"

Please untick this box when using a public or shared device


Register as a new member

(using a different email)

Related Articles