Charlie Callan.

About Charlie Callan

Charlie is an integral part of the Investments team, leading generalist corporate coverage across the capital structure and credit fundamentals. Additionally, Charlie leads BondAdviser’s quantitative modelling in respect to relative value analysis and credit portfolio simulations. Read bio >
17 Nov, 2016

New Issue: IAG Capital Notes (Prospective ASX Code: IAGPD)

By |2021-09-24T10:47:11+10:00Nov 17, 2016|Research|

On the 21st of November 2016 Insurance Australia Group Limited (IAG) announced a new transaction (click here for announcement),  IAG Capital Notes (Prospective ASX Code "IAGPD"). The purpose of this transaction is to provide regulatory capital for the group but more specifically it will be treated as Additional Tier 1 (AT1) capital for regulatory purposes. These securities are structured as perpetual, [...]

26 Oct, 2016

The Changing Investment Research Landscape

By |2021-09-24T10:47:11+10:00Oct 26, 2016|Research|

Who should pay for research use when making investment decisions? For a number of years market stakeholders have debated “unbundling" brokerage and research fees stating it promotes competition and transparency. Typically, in Australia, investors pay a flat percentage rate to trade and receive research (and, for professionals, access to company executives via meetings). In a world where the cost of [...]

4 Aug, 2016

Tabcorp Update

By |2021-09-24T10:48:04+10:00Aug 4, 2016|Research|

Tabcorp posted broadly stable results for the full year ended 30th of June 2016. Revenue and underlying EBITDA both showed slight improvements of 1.5% while underlying net profit increased by 8.5% due to lower interest and depreciation costs. These results exclude significant items relating to establishment of the group’s new online UK wagering business Sun Bets, AUSTRAC Civil Proceedings and [...]

4 Aug, 2016

Suncorp Group Update

By |2021-09-24T10:48:04+10:00Aug 4, 2016|Research|

Suncorp Group reported Full Year 2016 (FY16) Net Profit after Tax (NPAT) of $1.04 billion, down 8.4% on FY15, slightly below market expectations. Results across the business lines was mixed with Suncorp Life (Life) and the Bank reporting a lift in NPAT (by 13.6% and 11.0% respectively) while General Insurance (GI) NPAT was down by -17.5%. The operating expenses, including the one-off [...]