Failed reseller Warehouse1 might have traded while insolvent – CRN Australia

Liquidators for failed reseller Warehouse1 have indicated that the company may have traded while insolvent as early as seven months before its collapse. Warehouse1 sank into liquidation in February¬†after four years of operating an online IT retail store and brick-and-mortar location in Melbourne, appointing SV Partners to handle the liquidation. While SV Partners said its…

Cadence Investing Series, Article 5: Five traps in using the PE metric – Livewire Markets

In this 12-part Cadence Investing Series, we discuss several aspects of the investment process and how it actually works in practice. Topics covered include market psychology and fundamental analysis, and aim to provide the reader with a first-hand view of how financial theory stacks up in real world situations. ———————————————————————————— This is the first of…

Ambani’s Shot at Brotherly Bailout Faces Insolvency Rule Test – Bloomberg

Billionaire Mukesh Ambanis prospects for bailing out his younger brothers phone company are fading after an Indian tribunal put his siblings Reliance Communications Ltd. into insolvency proceedings, which prohibit connected persons from acquiring assets of delinquent borrowers. Ambani is Indias richest man and the founder of upstart rival Reliance Jio Infocomm Ltd., which had agreed…

New build home insurance policies at risk after the collapse of insurance firm Alpha – Bdaily

THOUSANDS of new homeowners have been left without vital structural defects insurance after insurance carrier Alpha goes bust. Many homeowners who require the 10-year structural defects insurance will still be unaware that they have been left without cover. Alpha, who supplies the insurance new homes require to protect against structural defects, was declared insolvent in…