News Articles for Gumtree Australia Markets

Gumtree Australia Markets has confirmed the sale of stock market trading platform HotCopper as part of a deal with UK firm ADVFN worth $6.8 million.

Perth-headquartered stock market trading forum HotCopper may be on the market, with its parent company revealing “several parties” have expressed an interest in buying the asset.

Our board moves wrap includes Dianne Angus, Geoff Pocock, Andrew Chapman, Tod McGrouther, Gaurav Gupta, Mark Licciardo, Joel Ives, Karen Logan, Joan Dabon, Harry Spindler, Dan Robinson, Stephen Parker, Ross Walker, Stephen Carter, Grant Lukey, Rhett Morson, Bruce Rathie, Alec PIsmiris, Geoff Stalley, Kenneth Hall, Cathy Moises, and Brady Hall.

The Market Herald will change its name to The Market Limited, after shareholders voted in favour of a rebrand following a tumultuous period for the company.

Former The Market Herald managing director Jag Sanger is facing allegations of using corporate money for personal use, as part of the legal action launched by the HotCopper parent company.

The Market Herald has engaged consultant Alison Gaines in the company's search for two new directors including a non-executive chairman, with candidates already in talks.

The Market Herald founder Jag Sanger has fought back against legal proceedings brought by the HotCopper parent company by starting his own court action.

HotCopper and Gumtree owner The Market Herald says a return to profitability is testament to strategy endorsed by its board and management team, amid a tumultuous period for the company.

The corporate watchdog has appointed Morgan Stanley Wealth Management Australia to sell more than two million disputed shares in Perth-based media firm The Market Herald.

A former director of media firm The Market Herald has been ordered to hand over some of his shares to the corporate regulator and pay costs to the company's former managing director.

The Takeovers Panel has declared that circumstances involving two entitlement offers at media firm The Market Herald were unacceptable.

Our weekly appointments wrap includes Twila Jensen, Zaahen Kahn, Jane Ballard, Daniel Hill, Tim Richards and Michael McNulty.

Our board moves wrap includes Tom Duthy, Graeme McCracken, Ben Secrett, Sophie Raven, Christine He, Julian Hoskin, JunChao Liu, Kevin Dundo, Andrea Sutton, and Tommy Logtenberg.

The Market Herald has appointed Tommy Logtenberg as its new chief executive, a role he has been acting in since December.

The Market Herald has opened a shortfall bookbuild after its bid to raise $15 million in an entitlement offer last month fell short by $3 million.

Our board moves wrap includes Catherine Anderson, Chris Bath, Aida Tabakovic, Steve Brockhurst, Twila Jensen, and Colin Chenu.

The Market Herald managing director Jag Sanger has resigned following an attempt by the company board to oust him.

Our board moves wrap includes Jonathan Fisher, Bill Clayton, Ross Taylor, Ed Turner, Jag Sanger, Tommy Logtenberg, Lisa Riley, Robin Romero, and Libby Mounsey.

UPDATE: The Market Herald has confirmed Jag Sanger will no longer be managing director of the company but will remain as a non-executive director.

The Perth-based owner of HotCopper has struck an $87 million deal to acquire classifieds brands Gumtree Australia, Autotrader and Carsguide as part of a plan to expand the media business.

A stockmarket trader who used the online chat forum HotCopper to ‘pump and dump' shares faces the possibility of a long jail sentence after pleading guilty to 23 charges.

The company formerly known as HotCopper has reported a big increase in its investments in clients' shares, with revaluation gains leading to a modest annual profit.

Benjamin Donovan has replaced Adam Webb Ware as company secretary of HotCopper Holdings.

Share market online chat forum HotCopper Holdings will venture into the North American market after signing a deal to acquire its Canadian equivalent, as it seeks to bounce back from a fiscal 2019 loss.

Flinders Mines is launching legal action in the Supreme Court of Western Australia against the owner of stock forum HotCopper Holdings, seeking details of users alleged to have made defamatory statements in relation to the board and company.

Anthony Italiano has been appointed chief financial officer and company secretary of Consolidated Zinc.

Robert Brierley has been appointed a director of Emergent Resources.

Australian Mines has raised $20 million through a strongly supported share placement, while denying any involvement in the leaking of details regarding the placement to the media.

Gruden Group has announced several changes to it board and management. Warren Barry will step down as executive director but remains in an executive sales position.

SPECIAL REPORT: The stock market's appetite for new listings is allowing a range of companies, from family-owned engineering firm Veem to big national player Alinta Energy, to raise capital.

Online share trading forum HotCopper Holdings listed on the ASX this week, and topped Techboard's ranking as a result of the news coverage.

Shares in HotCopper Holdings got off to a bright start today after the investor chat forum listed on the ASX, with the stock closing up at 26.5 cents.

Half of the top twelve trending companies in Techboard's ranking this fortnight are health-techs, with Perth continuing to assert its credentials in the space.

Investor interest has swung strongly towards the resources sector this year, but opportunities remain for tech companies aiming to list on the ASX.

Investor chat forum HotCopper is aiming to list on the ASX in September after lodging a prospectus that reveals a big sell-down by existing shareholders and an expected loss in the current financial year, and makes no mention of outgoing managing director Greg D'Arcy.

Phytotech Medical founder Ross Smith has vowed to take legal action against investor chat room HotCopper, following his resignation from the medical marijuana company today.

Korab Resources boss Andrej Karpinski has threatened legal action against online stock market discussion site HotCopper over a report sent to the forum's members.

ONLINE share market investors' forum HOTcopper's initial public offering has been heavily oversubscribed.