Month: July 2021

Weekly Wraps

FINSOC Weekly Wraps Vol.18

Jul 30, 2021 by jefferyge

• The NSW’s COVID-19 outbreak was declared a “national emergency”, marking the highest reported cases in more than a year.
• The Star has retreated from its $12 billion merger proposal for Crown Resorts citing uncertainty surrounding the royal commissions of the entertainment group.
• ASX 200 moves upwards steadily, increasing 0.63% this week.
• Zoom Video Communications Inc. makes deal to buy cloud-based call centre operator Five9 Inc in an all-stock deal worth $14.7 billion.
• Richard Branson and Jeff Bezos helmed the first two privately funded launches to suborbital space in the past month.

Events

Introduction to Financial Modelling – Workshop 2

Jul 23, 2021 by jefferyge

In this continuation of our financial modelling workshop series, we’ll be going through everything you need to know for more complex cases in corporate finance. Put your knowledge to the test in a practice Leveraged Buyout (LBO) model! The skills taught in this workshop are used in many extremely in-demand fields of finance such as investment banking, asset management, investment management, security trading etc.

View Event
Weekly Wraps

FINSOC Weekly Wraps Vol.17

Jul 22, 2021 by jefferyge

• RBA announces to keep interest rates on hold at record low level of 0.1% until 2024
•OPEC rile over oil production curbs remains unresolved, with talks to resolve disagreement postponed indefinitely since Monday
• ASX falls as investors retreat from risky assets due to current delta variant COVID outbreak, fearing that economic recovery could stall.
• Tech stocks perform the worst this week, with Appen dipping 9% and Xero falling 2.4%.
• Dogecoin falls 7% after Youtuber and dogecoin investor Matt Wallace announces intention to move away from Dogecoin.

Weekly Wraps

FINSOC Weekly Wraps Vol.16

Jul 22, 2021 by jefferyge

• Australia underperformed against global equities by 9.6% in 2021. The Communication services sector gained 3.25%, while Utilities fell by 3.87% over the week
• Binance has been subject to intense regulatory scrutiny
• For the first time Ethereum has overtaken Bitcoin’s number of daily active addresses
• Stockland is closing in on a deal to add Queensland lifestyle villages group Halycon to its retirement living portfolio
• Morrisons has agreed to a 6.3 billion pound takeover deal by Fortress Investment Group
• Carpentria Resources has raised AU35.6 million to fund a banking feasibility study for its flagship

Weekly Wraps

FINSOC Weekly Wraps Vol.15

Jul 22, 2021 by jefferyge

• COVID case spikes result in 4 LGAs (Sydney, Randwick, Waverly, Woollahra) to lockdown, followed by a subsequent lockdown of Greater Sydney
• The ASX falls 0.83% this week. With the impending full lockdown, it could fall more
• Bitcoin nears $AU40,000. If mid-term EMAs cross below long-term EMAs, it would confirm a bearish market for Bitcoin
• Tech stocks gained the most over the week with the tech sector lifting 3% and Afterpay rising 12.9%
• Australian sports analytics company Catapult plans to acquire UK rival SBG Sports Software for $53 million. The acquisition will allow Catapult to improve services via SBG’s video and data analysis services

Weekly Wraps

FINSOC Weekly Wraps Vol.14

Jul 22, 2021 by jefferyge

• Federal Reserve Officials expect the central bank to begin raising interest rates next year, forecasting 2 hikes by 2023
• Scott Morrison and Boris Johnson have agreed to sign an in-principle agreement towards a free trade deal
• Bitcoin remains relatively resilient despite the US Federal Reserve announcing plans to increase interest rates twice in 2023 addressing fears of inflation
• Woolworths stock fell 1.6% after allegations of wage underpayments from the Fair Work Ombudsman
• JP Morgan has agreed to buy the online investment management platform Nutmeg, moving in line with its strategy to establish a standalone digital bank brand in the UK this year