17 Burst results for "Australian Stock Exchange"

"australian stock exchange" Discussed on Conversations

Conversations

04:59 min | 3 months ago

"australian stock exchange" Discussed on Conversations

"Answers to those questions. So what happened when you contacted this. Larger company now had subsumed clinic. Twenty where you had been conceived clinic. Twenty became north shore assisted reproductive technology and sought under that leadership and then it became part of iv australia. Which i'm sure you've all heard of which is a very big private privacy. Ivy austrailia was bought by private equity. I believe and it is now part of the giant health which is listed on the australian stock exchange so when you did contact. Ivf austrailia wanting to see the records of your conception what happened well the answer first of all was we've had a look. You're not entitled to those records because you are not a patient. Only mother is. You are entitled to access nothing. But we can tell you that we've gone through and had a look and the information about your sperm donor in your mother's file has been cutout so there is nothing to find so you can't see the file now but even if you could it would have nothing. No no sign of who is in that file. What was destroyed is not the donor's name because that never would have been in my mother's file in the first place was destroyed was the code which identified which man was which which told you who and how many children had been made from that man. And what did you think about that. Being told that you couldn't see that file. But i thought it was pure insanity richard. I'm the file. That's yeah that's me in that file. I'd like i don't understand how my mother is a patient and i'm not a patient. They literally made me. So i sat with that for a while and i thought can i launch any legal action because i cannot see how i do not have a right to that information and i had a chat with a couple of lawyers from law firms and from legal aid and everyone just said nor it happened too long ago..

Twenty richard austrailia first place first australia lawyers Ivy austrailia australian iv
"australian stock exchange" Discussed on Conversations

Conversations

05:00 min | 3 months ago

"australian stock exchange" Discussed on Conversations

"Cannot tell me. They are the answers to those questions. So what happened when you contacted this. Larger company now had subsumed clinic. Twenty where you had been conceived clinic. Twenty became north shore assisted reproductive technology and sought under that leadership and then it became part of iv australia. Which i'm sure you've all heard of which is a very big privacy. Ivy austrailia was bought by private equity. I believe and it is now part of the giant vert health which is listed on the australian stock exchange so when you did contact. Ivf austrailia wanting to see the records of your conception what happened well the answer first of all was we've had a look. You're not entitled to those records because you are not a patient. Only mother is. You are entitled to access nothing. But we can tell you that we've gone through and had a look and the information about your sperm donor in your mother's file has been cutout so there is nothing to find so you can't see the file now but even if you could it would have nothing. No no sign of who is in that file. What was destroyed is not the donor's name because that never would have been in my mother's file in the first place was destroyed was the code which identified which man was which which told you who and how many children had been made from that man. And what did you think about that. Being told that you couldn't see that file. But i thought it was pure insanity richard. I'm the file. That's yeah that's me in that file. I'd like i don't understand how my mother is a patient and i'm not a patient. They literally made me. So i sat with that for a while and i thought can i launch any legal action because i cannot see how i do not have a right to that information and i had a chat with a couple of lawyers from law firms and from legal aid and everyone just said nor it happened too long ago..

richard Twenty a couple of lawyers too long ago austrailia first Ivy austrailia iv vert health first place australian australia
"australian stock exchange" Discussed on ABC Radio MELBOURNE

ABC Radio MELBOURNE

07:52 min | 3 months ago

"australian stock exchange" Discussed on ABC Radio MELBOURNE

"Of course, is you do pay it back over time by raising Texas. On. So it's some point will get a change of government whether it's in the next election or the one after that, or the one after that, I don't know. But at that point we might see Texas rise. We saw Biden, for example, just last week. Announced the prospect of a doubling of capital gains tax or almost doubling going from about 20%. This is federal capital gains tax going from 20% to 39.8%. On said the same thing could happen here in the strata that we rise text to play those debts off. The other option is debt forgiveness that countries eventually sit around going. You know what You're not gonna pay me back. I'm not going to pay you back. Well, why don't we just met the difference on bats? That's an option too. Now that sounds crazy right now, But we just don't know what kind of economic predicament we're going to be in. In 10 or 15 years time and whether or not we all have the ability to pay it back. Yes, exactly. All right now in weight in the business, Look for opportunities given that equities markets do you think of going Well, Yeah. Look, you mention cloud computing. Yeah. Look, I thought Clark, I think cloud computing is is an opportunity because Lot of investors bought cloud computing and data centers in it's in the on the Australian stock market during lockdown, and the reason they did that was because the thesis was people are at home. They're shopping online. This streaming movies. They're streaming music. And of course, you need a lot of cloud computing for that, And you also need a lot of data center megawatt hours for that. And so these companies would do well. The interesting thing is, though, when the vaccine appeared to be successful, and when it started, it looks like it's going to roll out. There's a little while ago. Then what actually happened was investors sold those stocks because I thought that story's over, and that presents an opportunity because this is a structural shift. You might remember years and years ago. Well, I remember many years ago working in Australia Square on, also in Grove Ner Grover, the place in Sydney's CBD. And I can remember there was a floor in each of those offices where I worked in the banks that I worked at. There was a floor dedicated to I t yet racks and racks of service. On. You have not a team And if anything broke, you know somebody had come up to your desk and fix it for you. But everything was stored on servers that we shared. We shared all the information within the office. That's all outsourced. Now it's all gone on Duarte done. It's democratized the the power of the Internet for companies, so small businesses have the same access to that kind of facility where previously they were locked out because it was so expensive And so it's a very real Opportunity. It provides the infrastructure of the picks and shovels for small businesses to disrupt much larger businesses. I think I have it right, but it's like thinking your photos on your computer or actually On a server in Slovakia. Probably or probably, probably, Yeah, and you know that's actually where they are. Yeah, that's well, They're actually in the night on your computer at all. And they're actually they're probably on their not in once. They're not on one data center there in multiple data centers, because if one fails, they need to have redundancies. So it's you know, it's somewhere else. Said. The cloud is you know, the cloud is really just an outsourced bank of service where all the information is stored. The Netflix is of the world and the Spotify is of the world. They have to have. That the music stored in multiple centers around the world, because if it was all in one place than people who were the furthest away from it would get the worst experience s so it needs to be in multiple jurisdictions so that we're all close to it. And then I So I think this is a long term structural change. This is not something that short term it's not related to Cove it today. For example, enterprise level penetration of cloud services. Is it about 22% or 23%? That's where smart finds were about a decade ago. Well, they're about it's where laptops were 18 years ago, says a lot of growth to come and there are companies on the Australian Stock Exchange There's next day. See there's Macquarie Telecom. You know, there's business is like that. But I believe are going to be much more valuable in the future than they are today. I don't know It always struck me. I love you comment on this that cloud computing is one of those things we could see. You could see the whole business tending to monopoly really quickly because it's only capital listeners. This will is a big outlay out front. That's the only barrier to entry is capital. Yeah, there's a look, I think I think these businesses of the future infrastructure companies, you know, once a data center is fully tenanted, let's say you're Macquarie Telecom. For example, Adama, Corey Corey Corey Park. Repping in Sydney. You've got you've got really high end clients. You've got government and semi government departments and they renting space in highly secure. Really important server racks. And then once that's fully tenanted You've got a really boring long term income stream coming off that now that that sounds to me a lot like infrastructure, and I know there are buyers out there for those types of assets, for example, lunch of Canadian teacher's pension fund exactly. Yeah, they love those boring types of assets. And so I see a story where, as the centers of developed Valuing crisis, And then once they fully tended, you'll see a lot of analysts scratching their heads saying, Well, what happens next? Well, what happens next is the Canadian teacher's pension fund says Thanks very much. That's prostate 4% year. That's president of 4% Yield. We're happy to give our members a 2% yield, or 2.5% here because they're getting zero everywhere else. On. So will pay 50% more for that on. Do you get you get it taken over at even higher premium. So I see that playing at not only for Data centers, but also for a couple of companies that are now building a challenger to the NBN as well in a lot of the brownfield sites in western Sydney, for example, So you've got a developer out there. Who's building his football 100 acres of about 1000 acres, and they're putting in streets and they're putting in all the infrastructure required one of the infrastructures that they have to be able to offer when someone buys a house and land package. Is the Internet. I need to be a bit off the fast Internet. And so they approach a company like Unity Wireless, for example, and I should confess a lot of these companies The companies were and so please don't rush out and buy them because if you do you're helping. May you know you haven't done enough work on it to begin with. And and we already on some of these things, so it's really important. You don't just go out and buy them. So keep that in mind. But But what happens is unity actually gets paid by the developer buy the property developer to install this infrastructure. And then when customers who came to it and I subscribe to a service saved through Telstra or optics or whomever they've got a bundle of package on they connect to the Internet. Then they paying a company like unity. While it's the same as they might be paying the NBN s. Oh, so there's a lot of growth out there, and that's that's one sector that I take communications cloud computing sector where I think there's a lot of opportunity opportunity is also in the search for income. Yes s Oh, there. It's pretty boring at the moment. It's not as exciting as e commerce. It's not as exciting as what we just talked about. But there are REITs or real estate investment trust that listen on the Australian market..

Macquarie Telecom 50% 20% Australia Square Unity Wireless 100 acres Slovakia 23% Sydney Netflix Corey Corey Corey Park 2.5% Clark last week Spotify 10 39.8% 4% Australian Stock Exchange 15 years
"australian stock exchange" Discussed on Startup Snapshot

Startup Snapshot

08:11 min | 6 months ago

"australian stock exchange" Discussed on Startup Snapshot

"Been affected please file your report with the police immediately. This fellow is getty. Go hashtag getty go be aware and be discerning of this what he got shadowed social that that was like the week or is this right. And what we thinking when you when you first saw the social media posts as pretty timing just bought to without break but i think quite significant in that he is right about these allegations on arriva. You know hiding behind these. Oh sherrie on his personal account breaking south right. So it's still that way so i'll be right right so someone's speaking of from public platform using personnel social media constant unusual. Yes it's unusual like most people they go through that they usually don't talk about. The bath thinks that happened at the previous company. And even if they do they will. Face is the deceit as beaks software. Who's who's seeks bad about visit poise. By this case. It was a bit different in that while the company was shopping down and the guy was high up at the company that he was at was just below the senior before we go on with the rest of the story. it's important to look into co assets. Background founded in two thousand thirteen co assets is a crowd investing site which allows us to invest in real estate projects that are listed on the platform investors. Money would then go through a third party account or escrow which would send co assets a cut of the transactions though. The company founded a little difficult to raise. Vc money in the early days of its founding likely because of the risks associated with peer to peer lending businesses getty go managed to list co assets on the australian stock exchange in two thousand sixteen raising the company. Eight point six one million dollars the following year it grew its revenue eightfold to four point. Two seven million dollars and made a profit of one point three two million dollars. One peculiar thing about the business that caught turns. Attention was the fact that the company's leadership ceo getty go and chief operating officer lawrence limb were ex military personnel. The that it's like a bunch of expletive is so the ceo was author ideology. Lawrence's actually is fox back with the avi so it's interesting that in right and i guess that's kind of unique in the sense that it's It's it's run by ex military personnel right. Yeah you'll see that law but things started to go downhill in two thousand seventeen and then gradually evolved thought that a lengthy off the ballot sheets. So that means is that they would basically find grace to loan the promissory so basically demanding money directly for investors investing that money into While projects the he sees fit up at the best as it would that interested principal. What's the jeff limb took issue with this approach because it led to situations in which investment risks weren't fully disclosed to lenders. They all coming disclosing the risks to vestis best. This basically will. I'm way of the new prophecy. About how for example this that east knows by that rocchi which means that. If the money's gone it quickly cool some of up to the the collateral. What many investors didn't know was that the bulk of their money was largely going into one company. This is suppose This this i mean the fact that so much money we lost just true. one company. That question is i think that is very unusual. Because ill the tackle proper you have guys like reading societies. Few on i mean. Everyone's struggling the whole bit he. Authored diplomatic space has been hit hard by those companies so standing so the this was a case of. There is some bitch with incomes of laughs. How the abachi. The lost c. Devolve rates these be that high. On top of that limb alleges that co assets continued raising funds without informing investors that the firms it lent money to had trouble paying back on their loans. Limb claims that he attempted to voice out about co s actions while he was coo but his efforts were in vain. Limb was stripped authority with his staff getting delegated away from him eventually in two thousand nineteen. He left the firm when he was so the coo objections with get e that author that he spoke about people who has since after that he can't even went through the ashes of the digital sets so by his talent. I think he is trying to what company you like. One because stink looking good while assets with limb no longer at the company thinks took a turn for the worse brighton based investment firm. That co assets owns a significant stake in became insolvent threatening to sink the business because brandon was to destination for most of co assets promissory. Note money with the added economic slowdown caused by the covid. Nineteen pandemic co assets eventually halted the trading of its shares on the australian stock exchange and later announced that it was being inspected by the monetary authority of singapore. Then in april two thousand twenty. The company had applied to delist from the stock exchange in an attempt to prop things up co assets issued notes in early twenty twenty backed by seventeen kilograms worth of gemstones. Initially they were valued at six million dollars though. Limb says they were a value at double that amount later however the gemstones were found to be worth a measly fifteen thousand dollars. What stood out was was this. A gemstone east maroshek coalescence was possession. Often there was an actual bombs right where questions though- those gems and supposedly worth a lot. My in what they will. I that you might not old management bible. What happened was that went. With the new management. To the top of the end we value e jeter still your fault shift of value. We'll be right back one. Learn from the best of the best in the industry. We've got a whole new technique original.

six million dollars seventeen kilograms april lawrence limb fifteen thousand dollars six one company Lawrence jeff limb one million dollars one point two million dollars first Eight point Two seven million dollars three two thousand seventeen Nineteen pandemic co assets two thousand sixteen two thousand nineteen
"australian stock exchange" Discussed on Cyber Security Headlines

Cyber Security Headlines

01:53 min | 9 months ago

"australian stock exchange" Discussed on Cyber Security Headlines

"Seven criminals blackmail psychotherapy patients, the Finland based psychotherapy company. Estano said its customer register of over forty thousand patients was likely compromise between the end of November two, thousand, eighteen, and March. Twenty nineteen attackers are now reportedly reaching out to patients in the breach with blackmail threats. The attackers of already leaked patient therapy notes from three hundred patients. The company said patients who have been contacted with blackmail threats should report them to the police. NITRO PDF suffers a data breach. nitro initially reported the breach as a low impact security incident to the Australian Stock Exchange on October twenty first setting no impact customer data. However, the cyber security firms sable reports that a threat actor selling user and document databases as well as one terabyte of documents all claim to be stolen the breach. This includes a user credential database verified by bleeping computer with seventy million user records, containing email addresses, full names, hashed passwords, titles, company names, and Ip addresses. cybele says accounts from Google Apple, Microsoft, chase and Citibank are in the databases. Popular Youtube download her removed from get up. On, October twenty third get hub removed Youtube L. after receiving legal notice from the way that it violated anti circumvention provisions of the Digital Millennium Copyright along with seventy other repos since being removed hundreds of other repositories were created with the source code for the download. Her additionally, the source code for Youtube deal was also edited the official getup repository used for hosting received DMC takedown notices. This is due to a known bug that lets anyone attached commits to repos. They don't control youtube was in the top forty most repositories on get hub between no US and Cooper Netease. A look at voter signature verification, software venture beat recently looked.

Youtube Finland Australian Stock Exchange Estano Cooper Netease US Google Citibank official Microsoft
"australian stock exchange" Discussed on This Week in Startups

This Week in Startups

04:05 min | 1 year ago

"australian stock exchange" Discussed on This Week in Startups

"And then thirty percents enterprise. Twenty percent consumer like consumer software like snapchat. Kodiak is a drug that prevents you from going blind from Macular degeneration and the current treatment for that is the needle that goes in your eye and like in in an inpatient like at the doctor who and they have a way to deliver the drug with drop. Yeah it's just like obviously that's GonNa be better. How how did the blood testing their nose thing workout? How did that we did have unfortunately? Unfortunately they were about ten. They started ten years before we did. You missed it. You missed it. I heard doing great but we have this other company. That's doing really well also called naps. Which is kind of like an alumina. Alumina has these giant genetic sequencers that are tens of thousands of dollars and they've created a desktop version and they're actually distributing that version all around the world so that doctors and laboratories can do cova testing like right there while And so that's Pretty. That's pretty amazing. Raise another couple of hundred million That's on that side on the. We have some companies on the enterprise side that have done very well There's in start logic branch. I think and Patriot ranch. Yep three sixty people don't know about that. That was like this little secret one. Yeah they went public on the Australian Stock Exchange Which is really easier than the. Us Will Not get ten twenty thirty million Revenue Company whether the first the first Us software companies go public on there. But yeah there is a bunch of money. They're they're like this family. Social Private Social Network Marco Polo. Right now on the social side is just killing it like I saw. I'm a huge fan of parks. And REC AMY. Poehler from parks and REC. Like talking to Seth Meyers Repping Marco. Polo. I think there I've been screen. Shotting their place in the APP store. They're above spotify or above tinder. Wow that's always fun Marco Polo for what is the. What is the use case there? Yeah so Marco Polo is interesting so I love talking to my parents. But I'm really busy. And so they'll face time and I won't have time so Marco Polo's Kinda like facetime except just send him video messages back and forth God and UK. Sam You know sometimes parents talk slows into the speed them. I don't really tone that don't tell mom. Yeah talion so I may have cameras. Why do you sonofabitch stupidity you take? I was listening to this week. Instead of you gotTa Take County Cabinet. She she's not from the old country I take it. No no might while her parents are so. I get that from the good gravy spaghetti and spaghetti sauce and lasagna. What's her signature last a signature? Dish? What's a signature dish? Lasagna LASAGNA off. She puts the millions Anya. She got started in there. Yes absolutely I get this lasagna. Sometimes they don't have the good regatta in it and it's just like what am I doing here phenomenal wasted time? Listen Cameron I could talk to You. All Day long continued success. And if you're a non Stanford Company or a Non Ivy League. I guess she can apply. Is that right? You can apply if you get a referral from one of our alums. Perfect great and it must be mind blowing to not be part of the Stanford Group and get in Like that is usually but like honestly we get a lot of the best teams from Harvard like other communities just because they kind of want to get access to that community and also there are phenomenal. Adds a huge amount us? Yeah fantastic all right Continued success and everybody checkout started x dot com. And we'll see you next time on this week in startups power of accelerator series. We're going to interview the top ten accelerators and get more valuable information for you. Our founders and startups bye bye..

Marco Polo Sam Kodiak Alumina Seth Meyers Ta Take County Cabinet Stanford Group spotify Us Patriot ranch Poehler Harvard Revenue Company Stanford Company Non Ivy League Cameron
"australian stock exchange" Discussed on Shares for Beginners

Shares for Beginners

07:03 min | 1 year ago

"australian stock exchange" Discussed on Shares for Beginners

"Welcome back to shares for beginners UNFIL- mascatello listening to this. Podcast will be aware that I normally discuss topics of a general nature only with guests. We don't talk about market conditions happening. However I know there's a lot of fear emotional turmoil game on at the moment so let's pour some oil on troubled waters of US Coniston from the Qa podcast to come back on so that we could ally some of those fees tiny feel faithful at the moment. So I emailed Tony yesterday and mentioned difficult times and Hema email back saying situation normal hence the name of this episode. There's also a few moments at the end of this podcast from Rub Gilmore about the oil prostitution because it's not all about the corona virus. You may remember rob as the first guest ever on this. Podcast dropped around this morning to give us insight into the oil price. What's volatile and why it has an effect on markets so we're recording this on Wednesday march eleven at ten. Am The markets are just opened? We're having not having a look at this before that at this stone. I look at it that often. I guess at this time I look at it. Maybe two or three times a week so on Monday the ASX two hundred. The top two hundred shares on the Australian Stock Exchange dropped seven point three three percent that was after dropped around thirteen percent in the previous wakes the moves on the New York Stock Exchange of being similar yesterday the ASX. Two hundred closed up about three percent after opening three point. Eight percent lower overnight the US is up nearly five percent. These gyrations quite funky and wild yet tony. You're remained sanguine. Why well I think what's happening with. The market's going up and down at the moment in particular is people reacting to stimulus to what Elliott is assigned. What's happening with light as reports of spread of Corona Vars? So they're acting to news and we can't lose sight of the fact that the share market is a market it's people trading with people and therefore subject to human psychology. Which is the study of behavior? And we we need to have a framework to deal with that and the framework which says this is how I approach investing on buying shares in companies and. Yes they tried it on and isn't subject to psychology so I have to have that framework operating in that kind of real environment but I can't be blowing sided. Bought it by human psychology. And I think that's what's happening in the market at the moment is is people are I guess because the news tends to focus on share markets at this time it is becoming top of mind and people's awareness. It's a bit like we've all worked in offices where there's one person who always begins a conversation with have you heard the lightest and that kind of person is kind of dominating the market at the moment and we need to be polite to that person we need. Basically in there will be times when there's big falls and we have to decide whether we're borrow seller and there'll be times when those big Roy's is and we have to decide whether we were borrower seller but that's part of being an invest up and before the podcast go talking about Warren Buffett. And he's quite we need to be fearful when people are greedy and greedy people fearful now. We had the faithful when people are greedy activity last year and they were having the greedy when people are fearful top event this year. I'm not saying that people should be buying into the market at the moment but should have an idea of what will be a situation when they'll bind to the market and I have a framework. I guess I need to put a caveat ramble. I'm talking about here. I'm trying to give people a boss. I'm trying to tell people do and that's different. I think whether you fall is up to you and what we're all about on air podcast. The podcast is to teach people how to think for themselves and to deal with markets. And I have a framework and the framework used to look look for the quality companies and look for them when they're at value and at the moment there are lots and lots of companies in that situation. But what we're doing is well on on waiting for the sentiment around those companies to start to turn. That might not be. It might be tomorrow. It might be in six months time in twelve months time but That's that's what I'm looking for and we talk about what we call a three point. Trend Line graph. Some people talk about moving averages so basically it's when the short-term sentiment in the market overtakes the long-term sentiment in the market and when we see that starting to happen then we'll we'll be a bar in this market but there are plenty of opportunities to to boy. So what would you say to someone? At the moment. I mean it's a psychological thing and because of all the headlines and because of all the media making a big deal about it and Italy's in lockdown if your new to the market and you're not sure what's going on. This is probably a learning experience for you because this kind of corrections happens. Every six or seven years. It's basically wants the sokoll event in the shamrock. So I get used to it as we said before situation normal. These things happen. I think the last one happened like there was a ten to twenty percent correction about December. Two Thousand Nineteen so so. I don't panic. I guess as the message by the same token if you're scratching your head saying okay become during this process but I don't know what to do then I would be hesitant to start trying to guess and trying to put money into the market if you really don't know what you're doing this Nairobi. The learning point in price for a new sharing vista. Maybe I don't know what I'm doing. I don't have the stomach for this gone. By Elicit Investment Company Anita or put my money in industry super fund or or a life fund off think. That's a very legitimate tyke out to have from this the last two weeks in the market and I think that's a very smart thing to do if you're feeling at all squeamish or at sea or not confident with what you're doing you can. You can certainly keep learning and maybe even running a paper portfolio during this process and see how you went and that's part of the learning process but if you are answer and don't don't take a risk put the money into a into a fund because this has been a very recent event. I mean people might have been buying an ATF three weeks ago. Yeah and this is. This is the first time they've been hit with it. So it's just a learning experience really. Isn't it something to think about and really stick with it? Yes Oh exactly want shouldn't think this would deter people from being ashamed. This is what I'm saying. Is this happens? This is normal for a shame market but if you are feeling squeamish or unsure what to do maybe maybe direct investing isn't for you but maybe in the future and so keep keep at it and learn through this process but I remember I call the GMC my my University of course in in share investing. And before that when I first started investing and did.

ASX Rub Gilmore Tony Corona Vars Australian Stock Exchange prostitution US Warren Buffett ATF Elliott GMC Roy Nairobi New York Italy
"australian stock exchange" Discussed on The Journal.

The Journal.

09:16 min | 1 year ago

"australian stock exchange" Discussed on The Journal.

"In Saudi Arabia Sunday is the start of the work week which also means the country's stock market is open and this Sunday started off badly so the first thing that happens is Sunday afternoon the first market really to open was in. Riyadh reopens in Aramco. Crashes Stock for ARAMCO THE STATE OIL COMPANY IN SAUDI ARABIA CRATERED. And while that might seem like just one company in one place it was the first domino to fall in what would become a massive market collapse around the world a collapse the investing editor. Jeff Rogo sign next in New Zealand. Is that because the first Monday in the world is in New Zealand. Yeah there's your market comes on it starts. Crashing oil is starting trading at that time oil's crashing thirty percent and so you have oil you've dow futures and you have the first market opening at roughly the same time on Sunday afternoon our time a couple of hours later. Australia's starts crashing the Australian Stock Exchange recording. Its worst day since the global financial crisis. Hong Kong three hours later starts crashing download and focus and world markets tumbling here. Asian markets closed sharply lower and. Eventually we all go to sleep Sunday night a little nervous little scared of a pretty sure. We're going to see a pretty ugly Monday when we wake up and it was about as expected by the end of the day on Monday the Dow Jones Stock Index had dropped more than seven percent. It's the worst one day performance since two thousand eight since peaking in February the Dow Jones is down almost twenty percent. Can you put this stock collapse into context? Just how big is this fall? Yeah I've been covering the market for sixteen years this. We're going back to the days that have lived infamy right now. We're going back to black Friday. We're going back to black Monday. This was a terrible day in the stock market today on the show what drove one of the worst days in stock market history and what the US government might do about it. Welcome to the Journal. Our show about money business and power. I'm Kate Lima and I'm Ryan Canadian. It's Tuesday march tenth by the time trading opened in the US on Monday markets fell so far and so fast that it triggered something called a circuit breaker. They're meant to sort of calm during moments of panic. So if we hit certain either up times or downtime. Certain games or declines if we reach a level that's predisposed by the exchange operators we just shutdown shutdown is intriguing stops for fifteen minutes just like a circuit breaker and a house. If there's a surge of electricity circuit breaker shots and all the power goes off. Yes but for markets to hit a circuit. Breaker selling needs to be pretty extraordinary. We didn't have a circuit breaker during the financial crisis. And even the two thousand eight. We did not have a eight percent down day on two thousand eight. We didn't hit a circuit breaker on. May Six two thousand and ten when there was a flash crash. It's been since ninety seven since we the circuit breaker. This is a very fast. Turn and in these types environment the parts of the ecosystem that are sort of rattling break and parts of the economy have been rattled by one thing in particular. The Corona virus fear about the spread of Corona virus has worried investors. Their job is to look ahead at whether companies will make or lose money which means they're always on the lookout for economic shocks and Corona virus has proved to be a big shock especially to the travel industry. So if you're an airline like if people aren't flying on planes I had a friend who flew from Atlanta New York last weekend usually it's oversubscribed. He said they were twenty percent seats. Were full in eighty percent remedy. Airlines are facing that across the country and on international travel. You've hotels or a big industry in this country. And there's a lot of towns and municipalities that survive on tourism. The drop in demand for flights has gotten so bad that this morning four major airlines said there would be taking action. The CEO of Southwest Airlines said. He'd take a ten percent pay-cut while United's CEO said he forgo his base pay entirely and Delta United and American have all canceled flights united and Delta. You've even offered employees unpaid leave but while it may be obvious that travel is affected other industries have been hit too like oil over the last fifteen years. Us oil production is spiked. Thanks to fracking. The US is now the largest oil producer in the world but when there's less demand for oil like when everyone stops traveling oil prices fall in oil companies. Can't make as much money facing that situation this weekend. To giant oil producers Russia and Saudi Arabia disagreed over how to respond and that disagreement boiled over to the point where Saudi Arabia decided to go on a price. Cutting streak driving the price of oil lower and lower just like Walmart data across the country for two decades lower prices than competitors that survive on high prices. Go Out of business. Saudi Arabia's oil is like the Coca Cola will mark oil that they provide is the best in class number one product in and they decide to cut the price of that. And when you do that that has this. Massive implication across the world with Krona virus. Being sort of the first Straw. That was the rest of the. Hey barrel this is what set off the latest market crash on Sunday. His oil prices fell oil. Stocks around the world fell to because with an oil price war it becomes almost impossible for oil to make money and that could have a real impact on the US economy if US oil producers and energy producers can't survive. That's a huge amount of jobs. That's a huge amount of the economy. It's an entire S. and P. Five hundred or one of the largest sectors that gets squeezed so investors in stock market weren't just reacting to the to the price of oil falling. They were more concerned about the idea. That you as oil companies might go bankrupt the estate reacting to the solvency of the. Us Energy Industry. Wow the US. Energy Industry can't survive at twenty and thirty dollars oil at forty fifty. They do okay at Sixty. They make a fair bit of money at twenty and thirty. They don't exist. Oil is a reflection the economy and a lot of things are tied to it. You have that crashing and it will have a massive impact on a bunch of industries that employ a lot of Americans. Monday's crash really came down to two things. The fear of the economic damage the Kroto viruses beginning to pause and a price war in the oil industry combined. Those two factors added up to a seven percent drop in the stock market on Monday. A very bad day reminded jeff of the feeling he had another terrible day in the stock market. One of the worst days of the financial crisis. You on the Monday of that crisis. The Monday after Leeann goes under and a bunch of firms go under the question was can America. Survive is capitalism dead. This is not that the financial industry behind the market is doing okay. So this in some sense feels more like you know in the dot com bubble burst in an industry went under because of that. And I think that's what we're seeing right now. Okay so this crash is not two thousand. But what about it feels similar the uncertainty? I think these need the same level of people trying to predict what they can't predict. We have no idea how long the corn scarce GonNa last in two thousand and eight and early two thousand nine. The government opened its checkbook to stabilize the markets and the economy bailing out banks in the auto industry in passing major stimulus spending. Yeah I mean look the government. Basically through every dollar they could at the system and they had a coordinated effort with central banks to make this happen so the feds cutting rates. The Fed is finding every place it can throw money decrease ability in the market at the same time. The government is bailing out financial firms in throwing money at the of the world to get them stable. And so you have this coordinated effort from the government and the Central Bank to stabilize. Those efforts did seem to work. In two thousand eight the markets eventually stop crashing in. The economy began to recover and now more than a decade later in another moment of economic worry. People are beginning to ask. What could the government do now? Not just to fight corona virus but also to stabilize the economy coming up our first glimpse of the trump administration's economic response to the Corona.

US Saudi Arabia Corona Jeff Rogo New Zealand ARAMCO CEO
"australian stock exchange" Discussed on Shares for Beginners

Shares for Beginners

10:46 min | 1 year ago

"australian stock exchange" Discussed on Shares for Beginners

"In their own knowledge and understanding as an investor. If you're always learning and making sure that you're careful and trying to understand things better and become a better investor. Eventually you sort of get better than enough people that he could be classified as a good investor and welcome back to shares for beginners and today. August is Claude walk. Now you may remember Claud who appeared on our common investing mistakes panel discussion at share side as a real pleasure having back on good. I quote how I am. I feel. I'm well. Thanks how you always good now. Claude is an Australian small company investor. Who looks for the best opportunities at the small end of the Essex? His the founder of ethical equities and looks for profitable ethical businesses suitable to invest in. So how did you get caught up in this investing business court? Well that's a long story. Bought essentially I was initially very interested in renewable energy and environmental law. And I had to have a low degree bought eventually. I realized that the way that I could use my skills. Best would be investing and in trying to create alternatives for people who might otherwise invest in companies that caused environmental So that was a long time ago now more than ten years ago. I decided that I'd focus on investing and ethical investing in particular. When did you start ethical? Equities I think ethical equities. I started in two thousand thirteen now. So that's just a website where I write about some of my Stocks that I like and where I make mistakes publicly but also some of my successes and I look forward to the next evolution as well because I'm constantly trying to improve it and change what it is. At the moment we have a paid newsletter paying supporters. Which is Great? That's why put most of my effort at the moment so I haven't been publishing a lot. Okay so you're covering a lot of a lot of Shay's on this at the smaller end of the Australian Stock Exchange. Let's just just give us an example of one or two of the the stocks that you've you've looked at so my longest term holding is a company called. I think kit McGraw Education Centers. That's something I bought many years ago. Now it was a little twenty to thirty cents stop at that stage it had made a bad acquisition which really caused troubles they had to do a. What do they just to start? What it's in the name. I guess they do. These little tutoring franchises so actually a lot of people might have seen them on the street or in town. They just chewed a kids. It's mostly focused on bringing kids up to scratch so if someone is in full and they're struggling with MS English a little bit behind a really good place to take them to improve. That is keep McGraw Education Center. There have been doing it for fifty years or so now. The big thing. That's being the story with them. I guess over the last few years is initially. It was running away where the franchisees paid a flat rate. Over the course of the last few years they've been transitioning more to this percentage model which has the great positive effect of allowing McGrath and now spend more marketing and they get some of that back so two lines the interests better when they get some of that back. Yeah so the Franchisee or we'll grasso previously the franchisee would just pay a flat rate to me And then it didn't really matter to keep Magara that the mother company whether they were really successful because they're getting the same amount either way Gratifications was more motivated to grow the number of Franchisees. Now that's not good for the franchisees and it's not so good for kindergarten education centers in the end by aligning the interests. Kim Gratification Centers. It made more sense to focus on increasing the revenue of existing Franchisees as well as growing the network and once they've done that the economics of the business to improve gross profit increase for quite a few years. Now and I think that's my second or third because stock to really simple in some ways boring business but it has a lot of those things I look for for example at the time I avoid it was run by the founder Kit McGraw and his son. So that's important people have always said that. Look for a company. That's run by the founder and audit of got a majority ownership. Yeah it's not failsafe. Nothing is that's definitely something that I like to see. But it's a good step in sort of understanding. What motivates people you know. Their name is on the door central. So there's I like it when I can see that somebody has a bit of personal pride in their business. They're not just there to make money. You do often see successful. Founders tried to pass on a business to their children and honestly that's not a bad thing at all has mis mixed degrees of success but in the case of education centers if anything. I think the sun storm who's now the CEO. He's done really well in improving the business economics and making it a more attractive business to own shares in so I'm happy to continue to back him and and I do definitely not a recommendation but I still in Chas and this company. I think it's a good and I think it helps people's ultimately I'm happy to see an affordable option for people to get their kids up to scratch so that's a good story where the outcome was. Good what about some of the earliest? Where where have you gone wrong? Yeah right so there's a classic one he had like so many beginning our investors. I started out by buying a company that had a great story and a lot of hype but not so much success or even that much potential for success. It was called ceramic fuel cells. That eventually went to zero effectively. And I guess I was inspired by my perhaps naive love of sustainability technology and became interested in the stock for that reason now and the end of the day. I didn't lose all my money in it but I did make an investment where. I really didn't know what I was doing awful. It was my first investment. And I think what happened was the I fell into what I call the hype trap so beginner. Investors can easily get excited by the fact that they see shares of company. I'm being very volatile. They feel I could make a load of money really quickly. And then they start to believe in the story far more than any sort of valuation. Now when I buy a company I like to be up to understand how it's actually going to earn enough money to justify the market capitalization. I'm paying for it. I see people starting out buying stocks. They don't even understand what the market capitalization is or how businesses opposed to make the money they really just focus on the share price. That's definitely not an approach that I think is accessible. I've seen more people fail with that kind of Navy than succeed on but one really good way to stop yourself. Making a beginner's mistake is by being really cautious of hype and always trying to calculate the actual free cash flow that the company is generating now many companies. That have a great story that you might find on twitter all copper or something like that. There's really more than there cash flow. They may not even have revenue if they do have revenue they may have no free cash flow so they're spending far more than they earn and they'll be putting out market-sensitive announcements that you may not really understand that will. I'll give you an example of a company owned recently. It was cold. It is cold movie to healthcare and I bought shares in about one point one cents per share. It was very very small. Mccafe's basically has exactly what I'm talking about this on commercialized technology. That may have some potential. But he's not bringing in any money that they've done this sort of desperation capital raise so the the bargain-hunting me was looking for something. Like this McGrath telling you about where something's gone wrong and there'd be a week physician and the share price is really so. I bought it for that reason to my surprise it then not long after that after they finish this capital raising started doing much more speaking at conferences on which they pay to attend and I started seeing coverage of them in some publications online where I think also you can sort of pay money to the relevant paypal and they write articles about so there's going to be companies that are actually paying for exposure fading. The machine works that definitely a their companies that many companies pay for exposure and as a result of that often the shape. I go up because excursions usually positive and also you know they may have like a good story to tell but the people that are buying because of a story haven't heard of them yet unfortunately it really does work. They pay investor relations people. They can pay to conferences. They can pay to get coverage and as a result so many people hearing about them. You get a few of the influential people talking about them and suddenly the story becomes what people are buying into and and this is something that people have really got to be aware of. Don't they because it's a trip that and they and then what happens is self reinforcing? So the share price moves from one cent to two point five cents on the basis of market sensitive announcement which really doesn't ensure any money to the company at all. I think the announcement was insurance code for out their product. Which is tally train? Which is essentially a computer program. That can help kids that have attention deficit problems. The share price moves over one hundred percents. Suddenly it's on the most talked about stocks in copper and everyone's tweeting about and stuff like this. You have people pile on and push a price up and up and up and then it does another capital raising just a couple of months later at six cents per share so for the actual company itself that needs to raise cut capital kind of makes sense for it to tell people about this story. Get the share price up on raise capital high price. But if you're the person that bought stock actually went to ten cents. Which still sense shape doesn't it? Yeah but you understand market capitalization and the mafia capitalization had moved from three or four million to thirty or forty or fifty million. Can't remember exactly what it was now. I don't want to let you get away with using some jogging. You said capital rising yet. What happens with a capital raise capital raising them? That's an important part of watching. This hype is often to do with capital raising. So that's essentially when a company like Novita healthcare has this idea and it needs money to convince doctors they should use the products and prescribe the product rather than prescribing. Adhd pills and stuff like that and in order for that to happen they need to get the relevant regulatory clearances. They need to get insurance codes. Which is one of these ounces about that but they also need to let doctors know about it and tell them hey this is an option and also convinced them in order to convinced them they need to essentially fund studies about that proves it. And there's a whole bunch of challenges when you want to.

founder McGrath Claude McGraw Education Centers McGraw Education Center Claud Essex Adhd Australian Stock Exchange Kim Gratification Centers twitter Kit McGraw Novita healthcare Magara Shay paypal Chas grasso
"australian stock exchange" Discussed on My Worst Investment Ever Podcast

My Worst Investment Ever Podcast

11:20 min | 1 year ago

"australian stock exchange" Discussed on My Worst Investment Ever Podcast

"To founding the forerunner to acquire his fund. In two thousand isn't ten. Tobias was an analyst at an active his head fund general counsel of a company listed on the Australian Stock Exchange and a corporate advisory lawyer as a lawyer specialising in mergers and acquisitions. He has advised on transactions across a variety of industries in the United States. The U K China Australia Singapore Bermuda Papa. New Guinea New Zealand in Guam. He is a graduate of the University of Queensland in Australia. With degrees in law and Business Tobias take take a minute and filling any further tidbits. Not Your Life. The only thing that I should be the main thing to mention is my full time. Job Is as portfolio manager manager of the acquirers fund which is an ETF listed on the New York Stock Exchange. The ticket is Z. I. G. Zig Ziglar in the markets eggs. That's a long long short deep value fund very traditional sort of long positions. We try to buy them really deeply valued which means that. I don't like to pay a lot for growth for balance sheet strength. Lots of free cash lead buying back stock and short stuff that's massively evaluate in in distress losing lots of money lots of debt on the balance sheet and so it makes it really easy to buy. We run that it's kind of a it's a passion. It's a vacation. It's an avocation and so that's my fulltime job so I got lots of loses lots of really bad positions. It's really easy to talk about that because we were wrong. About forty percent of the time and at fifty two percent of the time. So that's a little bit of an a coin. Flip Hebert honey when I'm right I'm really right. It's the magnitude of a frequency right when you for those isometric position so when you get them right you make galant when you get them wrong. You don't lose much exactly. I'm just curious before we go on to the main question over here in Asia. We don't have such such things as ETF's as kind of a method of implementing your strategy. Can you just give us a briefing for the listeners. kind of what does that mean. Because in the old days you started a fund and you went out your applied for all the man and you know you raise money into that fund. I'm just curious. Like what's the Pros Rosen cons and how what like. Yeah that's a great question. So an exchange traded fund. ETF is a slightly different structure. So you might be it. Familiar with a mutual fund or a limited partnership which is how most hedge funds structured. What those things are that? You have to sort of contact the manager Asia in order to invest in those things often you need to be credited which is which means you need a certain level of assets or income and any moves the manager of the manager sales position that has some capital gains in that flows through to you as the whole so you might not have a gain but you re paying tax acce the ETF is this incredible creation that you can buy three. Oh brokerage accounts of European up your brokerage account it should be available in the NYC he's Zig Zag NYC whichever way around Zig dot us. Something like that. And it's not a four three vehicle for capital gains provided that it's managed properly which means set we make buys and sells in the font and they don't impact you. What happens is your capital gain is where you buy it and ways so So it's it's a lot. It's the same as buying a share price shot. So it's it's like a stock exactly right. It's like a stock trades of stocks. And just curious because when I left America was nineteen ninety two and I left America right about where you are living and came to Thailand and of course we didn't really even have EDF's offset that time. I'm just curious. Maybe you could just give the the listeners. Just a real brief discussion of why would somebody implement their ideas it through an ETF. In America to say where where there's lots of options versus implementing your ideas through a fun what benefit you get from that the reason reason to do it as some sort of hedge fund so you can charge higher fees you get you get a big fat management fee and a big fat carry. If you're like I am and you sort sort of you know clearly Australian of been in the states for about a decade now the way that I've got recognition or the way that have gotten on is through writing books. 'cause I don't have a great network here on people so there's a trend in this industry towards lower fees for the most part so I kind of height getting lockups. I think there's any reason to look up capital which is what the hedge funds. It's difficult to get in and out of the Hedge Fund when you have an underlying so this the hedge fund invests my phone sorry invests in basically the universe is the S. and P. Fifteen hundred which is a compasses index the largest fifteen hundred stocks out of that. Maybe there are like three thousand investable stocks in the states. That's very liquid so there's just no reason from to throw up gates and make it very common for people to get in and out so this thing is it's easy for smaller. Investors to invest through their brokerage account directly into the fund. I can manage it. Describe what's happening. You can say the holdings role published every day on the website which is acquires fun dot com and you can see all of the in in a workings and everything so it's just a trend of the will towards transparency and love phase and so I just thought I'd get out in front of the trend. Got It that makes sense. Do you know. Oh how many large and liquid companies there are in the Chinese stock market if you just said that don in the US market you mentioned about three thousand as has. Potentially you know kind of what we could call investable. It's hunt with individual. It might be. They might be more than that. It might be. It could be five thousand or something like that the for sort of professional investors. It's about three thousand. Yeah I DID FOR MY PhD dissertation. One of my things I needed to do is look look at markets across the world particularly across Asia and determine what was you know what was the definition of large and liquid and I came up with the definition. Well well I would say that. The definition of large and liquid is probably minimum two hundred fifty million dollars and you would say average average daily turnover of depends. I mean you could say half a million dollars to a million dollars the definition depends. Are we talking about kind of a high net worth or are we talking about an institutional investor but something along that line so it does include small-cap. We don't want to exclude small-cap but it got to be that you could put some reasonable reasonable amount of money in it. If it's only trading one hundred thousand dollars a day you know. It's very hard to allocate money to that which to standards. It's harder to meet. Do you think the two eight hundred fifty million or the half million to a million shares a day. The half a million two million shows a day. And it's really what's most important is that you can actually get it in and out for most people but what was interesting to me is that China has three thousand large and liquid companies. Wow investable companies and it's growing at such a pace I think my number for the US with something like four thousand five hundred so your number that you said about five thousand is probably about right and we do this study. I did the study about three years ago and I've updated pretty regularly. I haven't really published it. I should do more on that but I would. Guess it's five five thousand so I'll take you. I'll take your number. So what my forecast from that is that five years from now based upon trends in China and in the US China we'll we'll have more large and liquid companies in their stock market. In fact China will become a bigger more investable stock market the core war of capitalism states. That's crazy that's amazing. I mean that's just a an interesting statistic based upon you know what we're talking about so yeah there you go in fact I should probably include a link to that in the show notes. If anybody wants to dig immoral. I'll take a look at a study up. Yeah I will so anyways anyways now it's time to share your worst investment. Ever since no one goes into their worst investment thinking it will be tell us a bit about the circumstances leading up to it and then tell us your story. Why should say I've always you know I read all of buffet stuff before I ever started investing in kind of prevented from investing in a lot of stuff because I was an eminent lawyer Royal? It's just not a good look at the youngest lawyer on the deal team has a position in the stock. That's getting taken over. Looks like insider trading so we kind of always bod from buying anything so I had read all the theory by the time I got before I even opened my first brokerage account and so I didn't advocate of never got very concentrated of never had an enormous awesome out of network in any individual positions. So I've been quite comfortable making lots of dumb Ariza and putting the money in the wrong positions and I've learned a lot. That's how you learn. You know you might make as many mistakes as you can as quickly as you can. And that's kind of figure out what you're doing so it's hard for me to narrow it down to just one but I'll tell early. This was for me. This is an important one in my own evolution as an investor so I started out looking for kind of undervalued assets. That's how I started up. I stock up. You're looking at net Karnak net net steel Graham net nets and I graduated from Graham net nets to looking at more of these kind of acid heavy heavy businesses and trying to find ones that would deeply devout so in when the BP oil spill happened. I forget exactly when that is maybe be at more than a decade ago. I had this thought. I don't WANNA be right in the epicenter of that. I don't want to be in BP but there were all of these other any oil and gas company that was in the Gulf or nearby got dinged up pretty badly and one in particular was seahawk drilling and what seahawk drilling at the head. About one hundred fifty of these Jack Up Rigs Jack up rig is something at floats out into the middle of the Gulf of Texas put sits Harland's it's down into the bottom and injects itself up out of the water and drills and what they did. was they lease them out to other companies that were drilling so you can imagine as soon as the BP oil go happens all those drilling stops. They get there in a lot of trouble and so they don't have a lot of cash flow but they're very acid heavy so I figured out that trading like ten cents on the dollar. That was my estimate estimate. The big problem is that is not cash for so they were saying. There's never been an opportunity like this to buy Jack Up rigs in the Gulf Texas and it's like really capitalizing become you know the big driller in this area. And so I thought well this is here. We go these guys know what they're doing very very undervalued value. They're going to capitalize on this. This is exactly what I'm looking for. And I have subsequently learned when I wrote concentrated investing we and we interviewed Christian. CMO Em. WHO's like the Norwegian oil and Gas Maestro? He created transition. He's been around forever. He says you buy these companies when Abe it when they're losing the money that's the time to buy. You seldom when making a lot of money. You know. It's counter cyclical counter-intuitive. That's kind of contrary sway value works.

United States China Asia Zig Ziglar Australian Stock Exchange portfolio manager manager America University of Queensland U K China Australia Singapore Australia Gulf New York Tobias NYC manager Asia New Zealand
"australian stock exchange" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

01:54 min | 3 years ago

"australian stock exchange" Discussed on Bloomberg Radio New York

"Up front the customer pays four payments of fifty dollars every two weeks so they get the puck straightaway way pay the retailer next day and we take all the risk and they pay no interest i pay no interest so the retailer pays us a small fee transaction shifted the economics in favor of the customer so we charge the retailer which means a customer combined their favorite products in pay nothing extra this is my husband's worst nightmare lavery exactly but where do you getting all this money nick so as you mentioned we're we're listed on the australian stock exchange we've had a pretty amazing ride so we raised our first round of money two and a half years ago we had less than ten retailers and a couple of thousand customers we've now got fourteen thousand retailers we bring live about thirty businesses per day we protest one in four online fashion transactions in australia so we've grown really fast we have raised both money privately and then listed on the stock exchange and then partner with some of the biggest banks in australia go ahead all right here in the united states is that right will wear a whollyowned subsidiary looking at so tell me the united states market different from australia or not necessarily we've gone on an adventure to learn a lot about particularly millennials in the us market and what we found is that they're largely similar the most interesting thing is that two out of every three millennial do not own a credit card so post global financial crisis out of three millennials do not own a credit card a lot of apps rate that they're doing everything athletes they used to direct debit they used to today subscription models eighty five percent of our customers use debit cards not credit card.

partner united states australia eighty five percent fifty dollars two weeks
"australian stock exchange" Discussed on FinTech Insider

FinTech Insider

02:15 min | 3 years ago

"australian stock exchange" Discussed on FinTech Insider

"I think so i think punks in of noncha services companies really excited about blockchain but they just haven't quite yet worked out how to get over the line so but the most promising projects of coming into into fruition coming from existing utilities things like calisto or the australian stock exchange so that coming from already sort of networked positions as opposed to just one guy trying to pull some cells richard creek all vs open says is only so much fun you can have your book yeah you mentioned a couple of examples caledonia sex dtcc several of the financial market infrastructure providers and this funds dot that a pretty interesting there's there's a few others out there doing stuff in the alternatives private equity in this sort of stuff really trying to take alternative asset classes and give them the kind of kind of straight through processing across organizations can you give any example maybe from the public domain of the difference that would make today voces tomorrow could can what for alternative specifically with any trying today's process tomorrow's process just to really make it real say funds deal to us is maybe an interesting that you mentioned and i think funds generally is an area where asset managers can be is there destiny in the sense that that issue is the assets as opposed to the investors of the set so they can actually make the decision right we're going to issue some of the units of funds onto a blockchain deal to you kind of platform and there are a few so stone is one of the big little networks they've announced that they're going to chain and funds deal in luxembourg and then isn't as and franz all working on a on a similar problem and so instead it just just to give an example of today's process so say i want to buy units and the block global equity fund and that's the way that idea that is i give my money money gets taken from me sort of a payment mechanism and then built into the system transfer agents custodians csd's.

noncha franz
"australian stock exchange" Discussed on AM 1590 WCGO

AM 1590 WCGO

01:57 min | 3 years ago

"australian stock exchange" Discussed on AM 1590 WCGO

"The world's can we solve well first thing we think of of course the banking world the banking world has embraced the block chain so much so that it's allowed the empire to strike back and one of the one of the bigger examples for block chain in the banking world is correspondent banking it's a corresponding banking for the for the bankers not in the room corresponding banking is when you send international payments and your money just kinda disappears and then a week later you keep calling your bank and they say they sent the money but the receiver still hasn't gone it and you just you hope it arrives eventually so what's happening in the background is your money is skipping from one bank to another correspondent bank to another one and the reason we have this the system here is because it's not feasible for each individual bank to go out and do a partnership with the ten thousand other banks around the world and the big problems from this is each bank has a copy of their own ledger there's reconciliation happening at the end of each day manual and sri it's very common for errors to occur so it ends up being very costly and very slow but if all the banks in the world's connected to one ledger one shared ledger the sending bank can connect directly to the receiving bank your money or get there much faster and if the sending bank requires liquidity to do the foreign exchange they've got thousands of banks to deal with that they can do a partnership with that's just one area of banking that the plot chain can really help other key areas syndicated loans 'peertopeer loans bond issuance currently there's the australian stock exchange they're looking at replacing.

"australian stock exchange" Discussed on KBNP AM 1410

KBNP AM 1410

02:39 min | 3 years ago

"australian stock exchange" Discussed on KBNP AM 1410

"Four hours are you a believer if it's a box bs or bucks mogonero i guess the answer is this i'm not sites of gray but i do think it kind of symptom of an interest in alternative payment mechanisms i'm more interested to see that the australian stock exchange has decided to use blocked chain and that strikes me as being probably in the longrun run most significant story there clearly is however interested in the electronic currencies i personally feel that bloomberg bitcoin is highly speculative venture i don't really quite understand i fear that there will be an adjustment i fear some people will lose some money so i'm not very excited about that but i do think is a symptom of people wanting to explore alternative cheaper payment systems and i think the banking system has to respond to that sir howard matt matt miller here in lynn we we also see i mean it's not just bitcoin there are a lot of assets ottis seen none this dramatic they just continue to rise this year that really move on momentum and a total in bitcoin you have all the ability but it's really just pretty much straight up which the same for stocks which is same for emerging markets i mean what is it about 2017 that allows this incredible gain an asset prices with almost no no concern for a drop well this is i think late cycle move and it's an unusual cycle because of course it's been driven to quite a large extent by central banks providing liquidity and still doing so even though there are signs that they are starting to regret it and starting to want to pull back so i think we're in a position weather's liquidity is still very strong everywhere and people are desperately looking for some possibility of yield or of capital game so i do think this is a late cycle feel to it to me this shift a little bit too to what is happening more specifically here in the uk we don't understand the outcome of the political story around brexit such change could happen in the next 24 hours if you are running a bank of which you are running one of them but if you are running a bank duties thinking about making major moves after the united kingdom as a result of brexit how do you think you of viewing the current political landscape at the moment and do you think you are even more encouraged to maybe.

stock exchange banking system matt miller central banks united kingdom bloomberg sir howard Four hours 24 hours
"australian stock exchange" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

02:17 min | 3 years ago

"australian stock exchange" Discussed on Bloomberg Radio New York

"In november as comes as thousands of demonstrators rallied in central aloni yesterday against the castle on independence movement global news 24 hours a day powered by more than 2600 journalists and analysts in more than one hundred twenty countries i'm sandra kilholf this is bloomberg guy joining us now no london studios to howard davies he is the royal bank of scotland chairman good morning good morning i'm going to start slightly left the field coin is up more than twenty percent in the last twenty four hours all you a believer if it's said fox of mark yasser bucks narrow i guess the answer is that i'm not say to gray but i do think it kind of symptom of an interest in alternative payment mechanisms i'm more interested to see that the australian stock exchange has decided to use blocked chain and that strikes me as being probably in the long run and most significant story and clearly is however interesting electron it currencies i personally feel that bloomberg bitcoin highly speculative venture i don't really quite understand i fear that there will be an adjustment i fear some people will lose some money so i'm not very excited about that but i do think is a symptom of people wanting to explore alternative cheaper payment systems and i think the banking system has to respond to that soured matt mandela here in yellen we we also see i mean it's not just bitcoin there are a lot of assets obviously in none this dramatic that just continue to rise this year that really move on momentum and a total in bitcoin you have all the ability but it's really just pretty much straight up which the same for stocks which is same for emerging markets i mean what is it about 2017 that allows this incredible gain in asset prices with almost no concern for a drop well this is i think a late cycle move and it's an unusual cycle because of course it's been driven to quite a large extent by central banks providing liquidity and still doing so even though there.

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"australian stock exchange" Discussed on The Cryptoverse

The Cryptoverse

01:49 min | 4 years ago

"australian stock exchange" Discussed on The Cryptoverse

"They don't like that they want to keep everything on chain in a we one single network one single layer so that everything is in the public sphere and his own one single bloc chain so that we get stressed that news there has the reagan craig right tweet as a mouthful he says this was yesterday i think it was is as today bitcoin can scale ten transactions second tested on over four thousand transacted possession on the giga book test net this is fifteen times the volume of the new york stock exchange and thirty three times the australian stock exchange this is scaling now i a little tweet from me from twenty one hours ago i reply to that and on a point of principle right i just said credit where credit is ju if you make a truth claim and then go about backing you up with an experiment who can argue with that approach now that's a principle so it wouldn't matter whether it was a big blocker or whether it was a segue pessene or segue to expressen that was that was doing this this axiom that i've just quoted would still apply if you make a truth claim and then go about backing up with an experiment who can argue would approach so for example bridge avi is always talking about how he complains about bitcoin core saying that you know full blocks uh a key feature of the bitcoin network to make it secure an empty blocks a dangerous well i can either by passing doughnuts than that from a technical point of view so if they if they could show me some actual experimental data that proved that an empty block that was mind four or five times caused the security for an ability than in other wouldn't needs me to trust them right and that's what craig rise to good about doing it.

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"australian stock exchange" Discussed on WGIR-AM

WGIR-AM

01:53 min | 4 years ago

"australian stock exchange" Discussed on WGIR-AM

"A portable water which is inspection of what our infrastructure delivers water to people's houses to inspection of ships docks that ceterum to inspection of oil pipelines and oil rigs to hydropower inspection everything to do with the generation of electricity through water uh so there's a variety of uses we also have a lotta use in terms of research there's a lot of people who buy our units to monitor the oceans and see what's going on and also obviously military and government use for things such that monitoring oceans are you able to attach customized quip into to these vehicles pretty much whatever you need yes we have the concept of a theater of the shelf unit the the people combined that can access routes and then we have engineered units which are more complex as an example we recently delivered point to the virginia into to maritime science which had all kinds of sensors on including water collections of equipment they could could he connect collect samples of different depths and measured dissolved oxygen chloride levels and everything to do that you'd see the scientists want to do your based in fall river masschusetts where do you do your manufacturing it's actually up a little bit north of us up in new hampshire oca sorrow manufacturing is in the answer i mean offices in four of mass and we also have an office in australia said to me was how many employs do you have today not counting manufacturing twentytwo oak and how many are you looking to expand out at the moment we just went through an expansion who actually the hiring hiring a position today to try and fill out some additional positions a lot to do with the sales and marketing is really were wear focuses you recently you mentioned that you ipo on the australian stock exchange looks like you raised about seven million dollars in that offering how big is this market potentially how big could this company become the market opportunities billion dollar market is a lot of big players wanted things i would like to plug in for the local area massachusetts asleep teeth you start going around the.

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