Michael West

Michael West

Michael West comments on companies, markets and the economy. He is a former SMH business editor.

Michael West

Empire strikes back against shareholders

Oil Dongara 071017 AFR pic by Erin Jonasson. the Mount Horner oil fields in WA's Mid West. Nodding Donkey Oil riggs against a stormy sky, the days of cheap oil are over. petrol, carbon emissions, generic hold for files. AFR first use please. SPECIALX 00043253

Michael West and Su-Lin Tan What Empire Oil & Gas lacks in size, it surely makes up in attitude.

Courts

Blow for Newcrest - exploration licence quashed

Cadia Hill Gold and Copper Operation at Orange run by Newcrest Mining. generic gold , copper , mine , mining , truck , stockpile , workers , blue collar , employment , minerals , export , trade , economy , miners , trucks in the open cut .

Michael West In a stunning decision, a NSW court finds in favour of a small explorer, sending a strong message on who should hold mining and exploration leases.

Comment

Monopoly delivered on a platter

Michael West

Michael West To quote historian Niall Ferguson, they should ensure the survival of the fittest, not the fattest.

Michael West

Hostilities boil over into world war spree

Michael West Here we are sitting pretty at the tail end of the biggest boom in history. You could be forgiven for thinking things were not too bad.

World war spree is declared

Michael West dinkus

Michael West Here we are sitting pretty at the tail end of the biggest boom in history. What with interest rates at a 50-year low, unemployment at just 5.

Michael West

Dressing down local rag traders

Michael West

Michael West Lisa Ho hit the wall after only last month jettisoning plans to list on the stock exchange.

Comments 150

Michael West

Mateship, it is obvious, can come at a high price

Ian Macdonald

Michael West Give a man a coalmine, make him rich, and what does he do? Tells everybody he's not your mate.

Michael West

Battle for Trust Company

Perpetual Ltd.

Michael West The Perpetual takeover bid is a thing of dreams for long-suffering shareholders in Trust Company of Australia. For Trust Company's other suitor however, it is a nightmare.

Michael West

Serco's lack of transparency leaves much to be desired

Michael West

Michael West The British multinational operating Australia's detention centres welcomes asylum seekers.

Michael West

What is Serco hiding?

Detention centre.

Michael West The influx of asylum seekers may be a matter of national acrimony but there are those who welcome the boats with open arms and broad smiles.

Michael West

When regulation buck stops with consumer

Michael West

Michael West In the financial arena, it is the victim rather than the perpetrator who is increasingly at fault.

Michael West

RBA fast becoming the ultimate Aussie battler

DOLLAR.

Michael West You’ve got a macking big loan with the bank but the value of the family home is falling. Turns out, the RBA knows your pain.

Comments 14

Michael West

Going cheap: gold worth $170 million up for grabs

Michael West

Michael West Unlike a bank, If you go to the Perth Mint with your gold, you can cash it that afternoon.

Michael West

Empire strikes back to shred butterflies by law

Michael West The grotesque assault on shareholder democracy by the penny dreadful, Empire Oil and Gas, proceeds apace.

Michael West

How 15,000 investors were swept over the Rubicon

Michael West W hen David Coe and his fellow directors made the fateful decision to buy Rubicon they quickened the demise of their Allco Finance Group. Rubicon was the Trojan Horse which brought Allco unstuck.

Michael West

How 15,000 investors were swept over the Rubicon

PIC JIM RICE.02.07.2110. 
PIC SHOWS.piggy bank , Generic saving , investment property , mortgage , home loan , home loans , housing finance , deposit.gold

Michael West Highwire mezzanine loans and extraordinarily high fees cost unwitting investors dearly.

Michael West

If it looks like a duck and quacks like one ...

Michael West

Michael West 'Let me say a little about this facility. It is not a 'bailout' fund for banks. 'Bailouts' usually mean stumping up public funds to inject capital to an institution whose solvency is in question.

Executive Pay

Companies use loopholes to buy shares

Cash, banks, interest rates, executive pay, renumeration, contract, boss, employee, superannuation, save, spend, wages, pay, import, export, notes, coins, gfc, markets, bonds, shares, parity, currency.

Michael West Australia's top companies spent $1.5 billion last year buying shares for executives, exploiting loopholes in disclosure laws.

Michael West

A bit more enforcing would help

Michael West

Michael West What do you tell a person who just lost their life savings in a managed investment scheme; a mortgage fund, a plantation scheme, a Banksia, a Westpoint or a Storm Financial?

Michael West

All-star cast likely to include the fat lady

Michael West As Kelly Slater was knocking out Mick Fanning and Joel Parkinson in the finals of the Quiksilver Pro on the Gold Coast last week, there was another knock-out going on up the beach at Snapper Rocks.