Proactiveinvestors Australia - Investment Services RSS feed Proactiveinvestors Australia - Investment Services feed en Sun, 21 Jan 2018 17:03:14 +1100 Genera CMS LGC benefits from extended time frame for LNG operation Fri, 05 Aug 2016 05:34:00 +1000 LGC Capital sports joint venture appoints key figure in Cuban sport Fri, 22 Jul 2016 20:18:00 +1000 Leni Gas Cuba set to begin new life in Canada as LGC Capital Tue, 12 Jul 2016 16:47:00 +1000 Leni Gas Cuba enthused by developments at the Cuban Mountain Coffee Co Wed, 06 Jul 2016 21:39:00 +1000 Leni Gas Cuba's Toronto listing via reverse takeover plans move ahead Thu, 30 Jun 2016 16:54:00 +1000 Leni Gas Cuba takes a sip of Cuban coffee company Mon, 20 Jun 2016 16:58:00 +1000 Leni Gas Cuba reports strong trading in travel business as it eyes further growth Fri, 10 Jun 2016 16:32:00 +1000 Leni Gas Cuba moves step closer to completing reverse takeover Thu, 09 Jun 2016 19:10:00 +1000 Leni Gas Cuba gets good news from down-under Thu, 02 Jun 2016 19:11:00 +1000 Leni Gas Cuba moves a step closer to Toronto listing Tue, 31 May 2016 21:17:00 +1000 Sun set to rise on Leni Gas Cuba's solar power ambitions Thu, 12 May 2016 19:28:00 +1000 Leni Gas Cuba eyes TSX-V listing through reverse takeover Sat, 30 Apr 2016 00:28:00 +1000 Leni Gas Cuba forms JV with sport specialist Rushmans Tue, 26 Apr 2016 16:33:00 +1000 Leni Gas Cuba investment boosted by tourism trade Mon, 18 Apr 2016 17:46:00 +1000 Leni Gas Cuba has a head start in Cuba, says Align Research Tue, 12 Apr 2016 01:58:00 +1000 Leni Gas Cuba Ltd's venture strikes first import deal Tue, 22 Mar 2016 18:36:00 +1100 Leni Gas Cuba takes strategic stake in Cuban oil explorer Mon, 29 Feb 2016 18:23:00 +1100 Leni Gas Cuba investee company enjoys strong trading Tue, 23 Feb 2016 19:27:00 +1100 Leni Gas Cuba hopeful over Block 9 in Cuba Wed, 10 Feb 2016 02:21:00 +1100 Leni Gas Cuba welcomes new finance director Wed, 03 Feb 2016 21:50:00 +1100 Leni Gas Cuba excited about opportunity Fri, 11 Dec 2015 19:08:00 +1100 B.Riley Financial benefiting from reduced operating costs Fri, 11 Dec 2015 04:03:00 +1100 BioLight Life unit collaborates with Axella Research Tue, 01 Dec 2015 01:33:00 +1100 Leni Gas Cuba hopes to be part of island's unseen revolution Sat, 14 Nov 2015 00:24:00 +1100 TMX Group tops Q3 profit estimates Sat, 07 Nov 2015 04:38:00 +1100 Hastings Group isn’t too hasty on London float Tue, 13 Oct 2015 00:17:00 +1100 Octagonal’s new acquisition to put David Lenigas in stockbroking business Fri, 12 Jun 2015 21:22:00 +1000 TMX Group Q1 profit drops on low commodity prices, higher expenses TMX Group (TSE:X) fell to the lowest in four weeks after the operator of the Toronto Stock Exchange, reported an 8.2 percent drop in first-quarter profit, trailing analyst estimates, due to low commodity prices and higher expenses.

Shares declined to C$51.98, the lowest intraday price since April 16, and were trading at C$52.03, down 5.7 percent, at 1:38 p.m. in Toronto.

Net income fell to C$42.6 million, or C$0.78 per share, in the January-to-March quarter, from C$46.4 million, or C$0.86 per share, a year earlier, the Toronto-based company said in a statement late yesterday.

Stripping out one-time items, the company earned C$0.91 per share. On that basis, analysts on average expected TMX to earn C$0.97 per share, according to Thomson Reuters.

Revenue rose about 2 percent to C$185.3 million.

Operating expenses in the quarter rose 13 percent to $118 million, driven mainly by a charge related to headcount reductions.

The company anticipates the headcount reductions to generate ongoing cost savings of about $4.3 million annually.

The company’s chief executive officer said today TMX plans to better integrate its disparate units and make more use of data amid rising competition in the domestic exchange industry.

"I now have a pretty good handle on both what we do well, and on what we can do better in terms of addressing the complex challenges faced by our customers and how we can provide optimal services in the Canadian marketplace," Reuters quoted Lou Eccelston as telling analysts on a conference call.

TMX has moved to limit the impact of a rival exchange, Aequitas Neo, with a secondary market for private companies and just last week said it would slash its fees.

Eccelston, whose background is heavy on data analytics, launched a strategic review of the company after taking the top job late last year.

"We're going to work on solutions that derive more insight and value from the vast amount of data that is generated across our business operations," Eccelston said.

Along with the Toronto bourse, the company also owns the Montreal derivatives exchange and the small-cap TSX Venture Exchange, clearing and depositary services.

Around 65 percent of the companies listed on TMX exchanges are involved in the natural resources industry, making the company particularly sensitive to ebbs and flows in commodity prices.


Tue, 12 May 2015 23:09:00 +1000