![]() Cash on hand of $3.6m (2QįY23) is likely sufficient to fund operations until breakeven is reached.ĭOWNLOAD RESEARCH REPORT Paxalisib Misses AGILE Hurdle, but Very Significant Value Remains Investors Over-React, Smart Ones Will Profit Represents sufficient scale to reach profitability. The company has built a significant new contract pipeline in recent quartersĪnd is targeting c.15,000 subscribers on its platform by Dec 2023, which There is a growing recurring revenueĬomponent built on SaaS-based subscriptions to its platform. The market is very fragmented, with no competitor offering CTQ’sĬTQ’s income stream is non-discretionary and largely funded by federal and Technology innovation and recommendations from the Royal Commission intoĪged Care. Products, driven by the ageing population, rising costs and labour shortages, ![]() ![]() The health-tech industry enjoys significant tailwinds for assistive living Include falls detection, vital signs monitoring and medication management. ![]() Home care, disability care and personal security sectors. (Sofihub) with a portfolio of best-in-class solutions for the global aged care, The group reported a net profit after tax of $2.03 billion for the September 2022 half, marking a 13% increase from the previous year's first-half performance.ĬTQ has developed a leading proprietary assistive living technology platform Overall, it appears that Macquarie is on track for a weaker performance in the current first half. The statement states, "Transaction activity is expected to increase compared to the challenging FY23, and investment-related income is expected to be broadly in line with FY23, with increased revenue from growth in the private credit portfolio, offset by lower revenue due to the timing of asset realizations." The other significant contributor, Macquarie Capital, expects a mixed outlook. Consistent contribution from client and trading activity across the financial markets platform and continued contribution from Asset Finance across sectors." Commodities income is expected to be broadly in line with the prior FY22, albeit volatility may create opportunities. The statement notes, "Commodities income benefited from exceptionally strong trading conditions in FY23. Macquarie predicts a decrease in earnings for the commodities and global markets business for the current September half, as commodity prices soften. In the previous financial year, Macquarie Asset Management was the second-largest contributor to the group's earnings, with the commodities and global markets business ranking as the largest. Initial Public Offerings (IPOs) require significant cornerstone investors with credibility to appeal to other potential investors. Simultaneously, increased regulatory scrutiny and the growing skepticism of major investors have made it increasingly challenging to predict when, or if, deals will be finalized. Macquarie Asset Management reported a substantial decrease in Net Other Operating Income, primarily attributed to reduced investment-related income from green energy investments, with most asset realizations expected in the six months leading up to March 31. The July update highlighted "weaker trading conditions, with the first quarter of the 2023-24 Operating Group contribution substantially lower than the corresponding period last year."ĭespite managing approximately $864 billion in assets, the asset management division now faces challenges due to the global dip in valuations, making it harder for companies to sell their assets. This downgrade follows the one issued at the bank's annual meeting in late July and precedes the bank's first-half conclusion on September 30. Macquarie Group's asset management division revised its short-term outlook, anticipating that returns from potential asset sales would extend into the latter half of its 2023-24 financial year. The bank's shares plummeted more than 3% following the recent update. In the span of just six weeks, Macquarie Group (ASX:MQG), the largest investment bank in the country, has experienced its second downgrade.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |