News Articles for Ned Montarello

Point-of-sale financing group ThinkSmart has announced plans to undertake an $8.8 million capital raising, delist from the ASX and jump over to London's AIM.

Western Australia is in good hands if the quality of the 2016 Rising Stars awards is anything to go by. Click through to see our special report on all of the winners announced last night.

Consumer finance software provider ThinkSmart's shares have bounced on hopes of a healthy rise in full year profit.

Financing group ThinkSmart has reported a six-month net profit of $11.3 million, up 391 per cent from its posted $2.3 million in full-year profit result in February.

Point of sale financing group ThinkSmart has returned to positive territory, posting a $2.3 million full-year net profit in 2013 after recording a loss in 2012.

ThinkSmart shares have shot up 39 per cent upon its announced agreement to sell its Australian and New Zealand businesses to financial services company FlexiGroup for $43 million to shift focus to its operations in the United Kingdom.

FEATURE: Salaries have come under huge pressure during the past year as widespread cost cutting takes its toll on executives' take-home pay.

Keith Jones has been named the new chief executive at ThinkSmart, effective February 2014 while current CEO and founder, Ned Montarello will remain executive chairman.

ThinkSmart announced today that Keith Jones will be appointed as chief executive officer, effective as of February 2014.

Point-of-sale financing solutions group ThinkSmart has entered into a trading agreement with a division of Europe's largest home improvement retail group, Kingfisher, for an innovative gas boiler product.

Perth company ThinkSmart has predicted an after-tax profit of $0.5 million for the first six months of 2013, at its annual general meeting today.

PAST winners of the Rising Stars award could never be accused of standing still.

Computer and office equipment financier ThinkSmart has doubled its UK sales in just four weeks after the launch of its new "Infinity" consumer product received a positive early response.

Computer and office equipment financing company ThinkSmart has signed a three-year distribution agreement with a leading European electrical retailer that will see the company provide its B2B rental finance product in almost 20 locations across Spain.

International computer and office equipment financing company, ThinkSmart Ltd, has exceeded its full year prospectus forecast, posting a net profit after tax of $5.1 million, higher than the forecasted $5 million.

This year's Rising Stars awards attracted 52 entries from a wide range of business sectors, all committed to innovation and growth.

Niche markets can be hard to grow in, especially since marketing requires selling a brand and often the business concept.

FAST-GROWING equipment finance company RentSmart has expanded offshore in a joint venture with BankWest's parent Halifax Bank of Scotland.

RentSmart's business partners include Australia's two largest retail groups, Coles Myer and Woolworths, two of Australia's biggest banks in ANZ and National, and global IT suppliers Hewlett-Packard and Compaq, which merged last year to form HP.