Listed real estate business McGrath (ASX: MEA) says it has “further information” and is seeking “urgent clarification” from founder John McGrath over media reports he has $16.2 million in gambling debts. McGrath shares were placed in a trading halt on Thursday as outgoing CEO Cameron Judson said further updates would be contingent on John…
By Sonya McLean A former Leeds United and Republic of Ireland youth team footballer has been jailed for two and half years after he was caught transporting almost 200,000 worth of cannabis. Robert Bayly (30) was described by his barrister as a child prodigy who fell into gambling when he moved to Leeds United as…
The Jeonnam Yeosu Coast Guard on Monday arrested seven Vietnamese men on suspicion of kidnapping and murdering another Vietnamese citizen over an unpaid gambling debt. Maritime police officers said the 31-year-old victim was beaten to death after being kidnapped and taken to Balpo Beach, South Jeolla Province, at 8:30 p.m. on Feb. 24. (Yonhap) The…
McGrath Ltd (ASX:MEA) expects to generate underlying EBITDA for the June 2018 financial year in the range of $5.0 million to $5.5 million. The share price is largely unchanged, down 0.5 cents to $0.425, albeit on low volume ($30,000 shares traded at around midday). During January 2018, McGrath told the market its…
Embattled property group McGrath Limited (ASX: MEA) has issued another profit warning, saying its full year guidance will be cut by half because of lower sales volumes. The company says it expects underlying full-year earnings of between $5 million and $5.5 million, which is down significantly from its January forecast of between $10.6 million and…
Embattled real estate company McGrath Limited has delivered another blow to shareholders after the business cut its full-year guidance by 50 percent. McGrath Limited said one-off cash costs have brought the companys full-year guidance to between $5 and $5.5 million down from the $10.6 million to $11.6 million forecast in January. READ MORE: ‘Rogue economist’ defends…
Embattled property group McGrath Limited has cut its full year earnings guidance by half, saying the impact of reduced sales volumes has affected the company more significantly than previously contemplated. The company expects to generate underlying full-year earnings of between $5 million and $5.5 million, down from between $10.6 million and $11.6 million announced in…
Dr Kittisak Klabdee, an adviser to the Public Health Minister, voiced concerns that the World Cup would bring with it potentially harmful products that would attract children and youth to gambling. He referred to a report from the Department of Mental Health that showed their 1323 Hotline has been flooded during big sport matches…
Mr McGrath, 54, has denied having any gambling debt. Mr Smollen said Mr McGrath enjoyed horse racing, but he had no knowledge of whether Mr McGrath was gambling. “I’m aware that race horses have been a hobby and a passion of John’s for some time, and I’ve never viewed that as an unhealthy thing, but…
CONTROVERSIAL US economist Harry Dent has come under fire from embattled real estate mogul John McGrath for his doomsday predictions for the housing market. The McGrath Estate Agents founder slammed Dents forecasts in a column published in Switzer Daily for echoing Australian housing bubble predictions he made in 2014 and 2011, despite them being proved…
