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GDG, GENERATION DEVELOPMENT GROUP LIMITED
nipper
post Posted: Sep 19 2020, 12:25 PM
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In Reply To: nipper's post @ Sep 19 2020, 12:22 PM

Matthew Kidman (Livewire Markets) : Okay. Wake us up from our boredom. What is one stock that looks a bit boring, but it is actually a ripper?
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Chris Stott (1851 Capital) : Generation Development Group, Matthew. GDG is the ticker. It is the best microcap opportunity in the market for us right now. So, they are in the investment bond space, which is really good from a tax effective standpoint, particularly for people rolling out of super. Their funds under management sits at $1.4 billion at the moment and is growing dramatically .... very, very quickly. They grew substantially through that pandemic period. Led by Grant Hackett, we think that it has certainly carved out a really good niche and got a really strong balance sheet with $12 million net cash. So, a high propensity to grow. So that's a buy for us.

and now Lonsec acquisition.




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"Every long-term security is nothing more than a claim on some expected future stream of cash that will be delivered into the hands of investors over time. For a given stream of expected future cash payments, the higher the price investors pay today for that stream of cash, the lower the long-term return they will achieve on their investment over time." - Dr John Hussman

"If I had even the slightest grasp upon my own faculties, I would not make essays, I would make decisions." ― Michel de Montaigne
 
nipper
post Posted: Sep 19 2020, 12:22 PM
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now renamed as Generation Development Group (GDG)


Generation Life is a specialist provider of investment bond product solutions; it established the first truly flexible investment bond product for Australia over 15 years ago.
Austock Financial Services provides administration services, including unit pricing, fund valuation, investment and fund accounting, fund administration and business registry services.

Generation Development Group will launch a $35 million equity raising via stockbrokers Morgans and Moelis to fund the acquisition of a stake in Lonsec, and investment research and consulting business. The raising is expected to be structured as an underwritten placement and rights issue, and done at a discount to the last close of 84.

Group chairman Rob Coombe earlier flagged the company was looking to make acquisitions:
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As previously stated, we are attracted to businesses that we think will benefit from changes in the landscape in financial services or that are good value and need to be restructured to a more future proof business model.
Generation Development Group had $1.2 billion in funds under management as at 30 June, up from $1.07 billion one year earlier. The group recorded $15.3 million revenue in the 2020 financial year and posted a $2.8 million net profit after tax.



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"Every long-term security is nothing more than a claim on some expected future stream of cash that will be delivered into the hands of investors over time. For a given stream of expected future cash payments, the higher the price investors pay today for that stream of cash, the lower the long-term return they will achieve on their investment over time." - Dr John Hussman

"If I had even the slightest grasp upon my own faculties, I would not make essays, I would make decisions." ― Michel de Montaigne
 
nipper
post Posted: Feb 5 2018, 01:49 PM
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Austock Group Limited (ACK) is a diversified investment and financial services company. The company operates as a registered Pooled Development Fund (PDF) specialising in providing development capital to financial sector businesses. ACK's core businesses are life insurance and financial services.

Market cap $200mill. Growing, paying a dividend 2c. Lots of competition. Disastrous emergence in 20007/08 has taken a while to work through. ... though the last 5 years hve seen a steady climb, and SP form 50c to $1.50 in last 12 months

"The days of high net worth individuals pumping money into super are pretty much over,'' says Mark Kachor, principal of DEXX&R. "Super has peaked as anything other than its true purpose — funding working Australians in their retirement.''

Rob Coombe, a former CEO of Westpac's BT Financial Group and now the chairman of Austock Group, says
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negative investor sentiment towards super has been increasing for some time. He said that collectively changes [to super] were extremely negative for wealthier Australians who had traditionally put a lot of money into super. He said the changes were going to stem flows into the super system as a preferred tax structure and that even those with room to put more money into super under the $1.6m cap introduced in July were increasingly nervous about the "shifting sands" of the regulatory settings for the super regime. And Coombe expects more legislative changes to super to come in the future. For instance, further delays to the age at which we can access our super.

Coombe's Austock Group (which is changing its name to Generation Life) is preparing to launch a raft of new financial services product for Australians looking to invest outside of super.

"The best thing that happens to our business is all the bad things that happen to superannuation. So long may it last,'' Coombe said. "In many ways I am hoping for a Labor Party to be elected."

Not that change is a bad thing, according to Coombe.

"I felt that very strongly that the superannuation system in Australian had drifted away from the original intention of it when it was set up — to provide adequate retirement income for all Australians. "In many ways … it had become a tax haven for the wealthy. People were incentivised to basically jam as much money into super as possible given the favourable tax environment. "That era is coming to an end. "The non-super market will explode''.
expect a raft of Investment Bonds - touted as " the Next Best Tax Structure " outside of super - as the company looks to reinvent itself. The other 'given' is they will target HNWIs.



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"Every long-term security is nothing more than a claim on some expected future stream of cash that will be delivered into the hands of investors over time. For a given stream of expected future cash payments, the higher the price investors pay today for that stream of cash, the lower the long-term return they will achieve on their investment over time." - Dr John Hussman

"If I had even the slightest grasp upon my own faculties, I would not make essays, I would make decisions." ― Michel de Montaigne
 
RADIO
post Posted: Dec 18 2007, 08:49 AM
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user posted image
Recent ShareScene.com Radio Broadcast (14/12/2007 11:00:00):
ACK - Austock Group Listing on the ASX - Mr Timothy Boyle, MD

N.B. ShareScene.com Radio can normally be accessed by the 'RADIO' link, top of every page.
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ShareScene.com Radio delivers investor presentations from ASX listed companies. Keep up to date with the latest corporate dealings of the shares you follow. Hear news direct from the source. Listen to directors and investor relations mangers discuss their company, give investor updates and brief on current results. ShareScene.com Radio keeps you informed about company announcements and events, and provides you daily market wraps and industry discussions.
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ShareScene.com
post Posted: Nov 19 2007, 12:53 PM
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Created by request:
AUSTOCK GROUP LIMITED (ACK)

Thankyou
ShareScene.com

 
 



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