After reading my news articles which are displayed in my blog, I found that Advanced Share Registry Services has the following opportunities and challenges.
- Has maintained customers
- Profits are falling which was seen in the Annual Report 2013
- Was a growth in 2011 - expansion to Sydney as per Annual Report 2013
- Still paying reasonable dividends to investors for their ASW shares at 6% per one of the news articles, saw this in the Annual report 2013 as dividends were paid at a constant amount with a special dividend of 15 cents being paid as well.
- Location in Perth provides service to Western Australia mining companies
- Competitors of Link Market Services, Computershare and Boardroom taking customers off Advanced Share Registry.
- ASX considering to buy Link Market Services a share registry competitor of Advanced Share Registry, this will influence Advanced Share Registry services to listed companies that are on the ASX.
- ASX earnings down, meaning trade stock market was low affecting share registry services and also the average equity market fell, cash market revenues fell, however recovery was insights.
- Corporate Activity affects share registry services, competitor computershare noticed a dramatic fall in the last 12 months because of economic environment and taking $64 million impairment to European operations, also had a large amount of debt.
I found all the news articles very useful and helpful as it allowed me to grasp more information in regards to what affects Advanced Share Registry's business specifically when there is a fall in ASX earnings and the trade markets then less people are buying shares so less people using share registry services and also the impact of competitors and ASX wanting to buy Link Market Services a competitor - this would effect Advanced Share registry's listed clients that are on the ASX. Share registry services are dependent on the economy. I can now understand as to why revenues declined in the 2013 financial year.
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