Sargon weighs on OneVue half
OneVue has written its Sargon receivable down to $3.9 million amid the release of the company’s half-year results which saw OneVue managing director, Connie Mckeage assert the company’s businesses all have continuing growth momentum.
Mckeage also said that the “high profile Sargon matter has not affected OneVue’s ability to service our clients on a day to day basis”.
“In fact, our clients have been extremely supportive during this period. Nor has it impacted our ability to fund future growth plans,” she said.
OneVue’s half-year report, released to the Australian Securities Exchange (ASX) today revealed a loss from continuing operations attributable to members of $27.089 million, although the company’s EBITDA from continuing operations increased by 48.2% to $3.391 million.
OneVue is currently seeking to sell-down its stake in financial planning group Madison.
Recommended for you
Despite ASIC concerns about private credit funds being accessed via the advised channel, there are questions regarding how high its usage actually is among financial advisers.
Challenger has looked to the superannuation industry for its appointment of a group chief investment officer, a newly-created role.
Perpetual has confirmed it has entered into an exclusivity agreement with a US private equity firm to progress discussions regarding the sale of its wealth management division.
Paradice Investment Management has become the latest fund manager to launch an active ETF version of its managed fund, placing greater emphasis on retail distribution.
