Case Study.

In 2014, Quickflix was the market leader in streaming services but has trended downwards since due extreme competitive pressures. Netflix stormed the Australian market last year, followed by Stan and Presto which saw Quickflix sales plummet. This forced the group to restructure their obligations securing a release of $7.5 million of debts with its content providers and were looking to [...]

Last month Virgin Australia tapped strategic shareholders for $425 million prompting a review of its capital structure to enhance cashflow and profitability. The last time Virgin went to these shareholders was in late 2013 ($90 million) when the aviation industry was facing poor consumer sentiment and high oil prices. Qantas was in an even worse position which resulted in management asking [...]

In late February, the Australia Securities and Investment Commission (ASIC) finally closed the book on the ABC Learning saga as it ended its probe into the collapse of the failed childcare company. As many would remember, ABC was heavily criticised and was placed into administration in November 2008 at the height of the Global Financial Crisis (GFC). Although the GFC was [...]

On the 23rd of December 2015, Australian transport group McAleese Limited announced that due to low levels of activity in the resource sector it would most likely breach a financial undertaking in its syndicated banking agreement and this would be reflected in its interim results for 2016. A financing waiver in late January allowed the group to continue operating subject [...]