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BROAD INVESTMENTS LIMITED (BRO)

SHARE PRICES

(updated at weekends)

Former (or subsequent) names

Shareholder links

Our website ranking of BRO: rating 3
(3 out of 5)
COMPANY WEBSITE:

 

REGISTRY:
Automic Registry Services LEVEL 2, 267 St Georges Terrace,, PERTH, WA, AUSTRALIA, 6000
Tel : +61 (2) 8072 1400 or 1300 288 664 (within Australia)
RegistryWebsite RegistryEmail

Company details

Address: Level 10, 2 Bligh Street Sydney NSW 2000
Tel:  (02) 8188 2556 Fax: (02) 9235 2203

Date first listed: 09/11/1999
Company Secretary: Mr Vaz Hovanessian
Sector: Telecommunication Services
Industry Group: XTJ
Activities: Telecommunications.
OFX Transferring Money Internationally to Free

Shareholders in this company should consider crystallising a capital loss in 2020/21 by selling their worthless shares, which they can achieve online by entering transaction details here. While this usually makes good economic sense, we recommend you seek professional advice before buying or selling securities, your accountant is probably the best person.

13/08/2020

delisted from the close of trading on Monday, 1 October 2018, pursuant to Listing rule 17.12.

01/10/2018

we understand the company failed and ASX removed the company from listing as its securities have not been quoted for three years

01/10/2018

The transaction in respect to the acquisition of Elevate Australia has now been terminated and will not proceed. The main reason has been the preference by cornerstone investors and brokers/underwriters that Elevate proceed to list on the ASX by way of an IPO rather than by a Reverse Takeover (RTO or backdoor listing), as the size of the Transaction and the required funds to be raised has increased considerably from that first contemplated, with an IPO being more suitable. Elevate has agreed to cover all legal and advisory fees incurred by Broad to date, in respect to the terminated Transaction and any funds so far paid on behalf of Broad will not be refunded by Broad.

21/08/2018

Following a scheduled ASX internal system change affecting the Market Announcements Platform, it has been necessary to re-apply the "˜Suspend' session state. This announcement serves to re-confirm the securities of this entity remain suspended.

06/08/2018

A general meeting of the company will be held at 2:30 PM (AEDT) on 20 April 2018 at 15 Whiting Street, Artarmon, NSW 2064.

19/03/2018

The company issues a response to ASX query regarding the director's interest notice.

13/02/2018

The company is in the advanced stages of finalising the required documentation to give effect to the transaction and further progress will be provided as it occurs. An updated timetable for the progression of the transaction had been released.

23/01/2018

The company has made significant progress on the acquisition of Elevate and is in the advanced stages of finalising the required documentation to give effect to the transaction.

01/11/2017

The company has made significant progress on the acquisition of Elevate and is in the advanced stages of finalising the required documentation to give effect to the transaction.

27/09/2017

The company has signed a binding heads of agreement with the shareholders of Elevate Australasia, according to which Broad will acquire all of the issued capital of Elevate.

05/07/2017

The disposal of the MyMac, Monstamac and MonstaPOS businesses, as detailed in an ASX release on 6 May, 2016, was completed on Friday, 21 October, 2016. As part of the sale of those businesses, 574,149,098 ordinary shares in the Company and 25 million options over ordinary shares exercisable at 0.5 cent/share will be cancelled. In addition, the parties executed consent orders for the dismissal of the Supreme Court Proceedings commenced by Steven Bardel.

24/10/2016

The company releases the results of its Special General Meeting & General Meeting.

14/10/2016

The company will hold a general and a special general meeting of shareholders on 14 October 2016 at Level 10, 2 Bligh Street, Sydney at 10.30 am and 10.45 respectively (AEST time).

14/09/2016

The company provides an updated on the sale of the non-performing asset and the dismissal of the court proceedings.

06/05/2016

The company previously advised that it had received a notice under Sec 249D of the Corporations Act 2001 by a shareholder to remove a director of the company. The board is pleased to advise that further to discussions with the shareholder over the last two weeks, the notice has been withdrawn, pending an agreement being considered by the company.

27/04/2016

The company wishes to advise that it was served with a notice under Sec 249D of the Corporations Act 2001 to convene a general meeting of members for the purpose of putting the resolution to remove Mr. Steven Bardel as a director of the company to a vote by shareholders.

24/03/2016

The company issues a response to ASX aware query and query regarding continued suspension.

22/02/2016

The company announces further advice of share issue - breach of listing Rule 7.1

30/11/2015

The Board of Directors of Broad Investments Limited (the Company), wishes to advise that on Monday, 16 November, 2015 the Supreme Court of NSW ordered that the Company be joined as a defendant to proceedings pending in the New South Wales Supreme Court, which were originally commenced on or about 30 October, 2015 by Steven Bardel (Bardel), a director of the Company, against the other four directors of the Company (Proceedings). The defendants intend to vigorously defend the Proceedings and deny the claims brought against them.

18/11/2015

Broad Investments Limited (the Company), is pleased to announce that agreement was reached with two separate parties last week, for the issue of 350 million shares for a value of $351,330 and a 2 year Convertible Note of $150,000 for 150 Million shares at 8.0% per annum, to reduce debt and to improve its Balance Sheet. The Company has today lodged an Appendix 3B in respect to these securities.

18/11/2015

The securities of the company will be suspended from Official Quotation from the commencement of trading today 1 October 2015 following failure to lodge their Full Year Accounts for the period ended 30 June 2015 in accordance with ASX Listing Rules.

01/10/2015

The suspension of trading in the securities of Broad Investments Limited (Company) will be lifted immediately, following receipt of the Company's preliminary final report for the period ended 30 June 2015. Security Code: BRO

23/09/2015

The company lodges its preliminary final report for the year ended 30 June 2015.

22/09/2015

The securities of the company will be suspended from Official Quotation from the commencement of trading today 1 September 2015 following failure to lodge its Periodic Reports for the period ending 30 June 2015 in accordance with Listing Rules.

01/09/2015

we understand that on or about this date the company consolidated its shares 1 for 10

01/12/2008

suspension of trading in the securities of Broad Investments Limited (the"Company") will be lifted immediately, following receipt of the Company's half year report for the half year ended 31 December 2007

11/03/2008

company lodges its half report for the period ended 31 December 2007

10/03/2008

securities suspended from quotation following failure to lodge its half report for the period ended 31 December 2007

03/03/2008

shares suspended from quotation pending release of an announcement

17/12/2007

suspension of trading in the securities of Broad Investments Limited (the "Company") will be lifted immediately, following the release of an announcement

17/12/2007

securities reinstated to official quotation immediately, following release of the announcement of the proposed acquisition of Pangaea Metals Limited

21/03/2007

shares suspended from quotation pending release of an announcement

20/03/2007

name changed from Broadtel Communications Limited

29/07/2005

ASX Announcements (courtesy of ASX)

 

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    Directors' on-market share transactions (last 5)

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    Purchases Sales

    DATEDIRECTORNATURENUMBERPRICEAMOUNT
    09/03/2015Vaz HovanessianOn market3,213,401$0.003$9,640
    03/03/2015Vaz HovanessianOn market586,599$0.004$2,260
    06/08/2014Neil GibsonOn market1,000,000$0.006$6,000
    29/05/2014Neil GibsonOn market1,500,000$0.002$3,000
    21/03/2014Neil GibsonOn market1,577,607$0.002$3,155

    Click here for the last 20 transactions all companies

    Directors & Executives (current)

    NAMETITLEDATE OF APPT
    Vaz HovanessianExecutive Chairman, CEO30/12/2003
    Saviz SavisyarDirector21/08/2018
    Yasar SaiyedDirector21/08/2018

    Date of first appointment, title may have changed.

    Directors & Executives (former)

    NAMETITLEDATE OF APPOINTMENTDATE OF RESIGNATION
    Peter Browne17/01/201821/08/2018
    Brookes McTavishDirector17/01/201821/08/2018
    Cathy BrayDirector10/11/201417/01/2018
    Gary FranklinDirector14/04/201517/01/2018
    Steve BardelDirector14/04/201521/10/2016
    Johan ScholtzNon Exec Director30/05/200526/02/2016
    Brett CowleyAlternate Director08/10/201513/11/2015
    Neil GibsonNon Exec Director22/09/200628/11/2014

    Date of first appointment, title may have changed.