E*TRADE AU. -News- ab IV/00 - 500 Beiträge pro Seite

[ph6]

ANZ shareholders drooling over interest paid by E*TRADE 10:03

MELBOURNE (eScoop) - The art of profit by association could well be an underrated money maker that too few tech stocks are taking advantage of -- just ask E*TRADE Australia (ETR), which has attracted 17,000 more customers since linking up with ANZ a year ago.

E*TRADE reckons customers gained through its deal with the banking group now make up 20% of total transactions, and just to show its appreciation, has decided to give ANZ 7.4 mln shares free of charge.

This brings ANZ`s stake in E*TRADE to 19.8%, with the bank having the right to increase this to 40% if the alliance continues to boost E*TRADE`s member base in line with agreed milestones.

ANZ must be cheering considering its role in the deal is hardly a drain on resources. It does not have to pay for any shares issued under the three-year contract, which ends in September 2002, but has added a link to its website so its 4 mln customers can click through to E*TRADE`s stockbroking site, and has set up special bank accounts to fund punters` investments.

E*TRADE shareholders, who approved the deal last year, apparently consider this a fair arrangement and are willing to foot the bill -- which comes to $16.6 mln for the latest share issue.

E*TRADE said it will write down the cost as an "abnormal marketing expense", which means it will directly impact on the company`s bottom line.

This does not concern investors though -- they must be counting on massive revenue gains to offset the expenditure -- with E*TRADE closing yesterday 5c higher at $2.15 and ANZ 43c higher at $13.68.

[ph6]

Analyst`s Comments: ANZ E*Trade Australia
October 4, 2000
ANZ announced it has increased its stake in E*TRADE (ETR) to 19.8%. While no major surprise, as it forms part of a 1 year old strategic alliance where ANZ has the right to increase its holding to 40%. Nonetheless, it’s a positive move for both parties.

The right move?

ANZ’s increased shareholding is a reflection of its increased contribution to E*TRADE’s revenue over the past six months. Longer term, ETR has the potential to provide ANZ with significant opportunities.

This ranges from increased service provision to its existing customer base to improved cross sell capabilities and earnings diversification.

ANZ strategic placement

This is in addition to ANZ strategically placing itself at the forefront of a rapidly growing online share trading industry for the long term. To-date, the alliance with ETR has been quite successful, with ANZ ETR customers now accounting for approximately 20% of securities transactions at ETR over the past six months.

Over the past 12 months, ETR’s customer numbers have grown by more than 175% from 23,500 to over 65,000, ETR and ahead of target. ETR’s cash position is on budget. Trades are up 275% on the previous corresponding quarter and gross brokerage is up more than 125% on the previous corresponding quarter.

[ph6]

ANZ increases stake in E*Trade to 19.8%
October 3, 2000
E*TRADE Australia (ETR), a provider of online financial services, today announced the issue of 7,381,926 shares to ANZ Bank (ANZ) increasing its holding to 19.8% of E*TRADE Australia`s 67,597,441 shares on issue.

This issue of shares is made on the first anniversary of a three year alliance approved by shareholders in August 1999. The agreement provides E*TRADE Australia with access to ANZ`s four million strong customer base in Australia and New Zealand, while giving ANZ the opportunity to be issued with up to 40 per cent equity in E*TRADE Australia. ANZ`s shareholding is in line with the contribution to revenue made by ANZ introduced customers in the second six month "milestone period" to the end of September.

According to the company, the alliance with ANZ continues to be a success, with ANZ E*TRADE customers accounting for almost 20% of securities transactions at E*TRADE over the six months ended 29 September 2000. While the result is subject to audit, it is not anticipated any audit adjustments will result in a decrease in equity earned by ANZ.

Under the agreement ANZ are responsible for all marketing costs incurred to encourage their customers to open accounts and trade through E*TRADE. ANZ currently markets directly to their online banking customers, staff, shareholders and all other general account and card holders.

Milestone shares issued to ANZ in the three year period ending 29 September 2002 are for non-cash consideration. E*TRADE Australia`s accounting policy is to expense the deemed value of these shares, which is $2.254 per share approximating $16.6 million for the current milestone issue, as an abnormal marketing expense. This non-cash expense represents the deemed value of marketing services provided by ANZ to E*TRADE Australia.

"The tremendous uptake of online banking among our customer base is an indication of the future contribution we can make to E*TRADE`s success. We already have over 360,000 online banking customers and we expect this growth to continue," said Mr Satyendra Chelvendra, Managing Director, Personal e-Commerce, ANZ Bank.

At the end of the first quarter of this financial year, E*TRADE Australia`s account numbers are slightly ahead of target at 65,000. E*TRADE`s cash position is on budget with $21 million in cash reserves. "As anticipated, the first two months` trading were on target, however with the occurrence of the Olympics, September`s daily trading figures on the ASX and at E*TRADE were lower than anticipated.

At the close of trade today, E*Trade shares were 5c higher at $2.15.

[ph6]

Hi Leute,
die Infos zeigen wieder mal deutlich,daß E*Trade Au. z. Z. stark
unterbewertet ist!

Auch wenn ich E*Trade AU. als langfristiges Investment betrachte, sollte ein erneuter Ausbruch des Kurses nicht mehr lange auf sich warten lassen.............



Eure Meinungen ??? !!!

Gruß
ph6

[rukus]

Es kann nicht Aufgabe der deutschen Anleger sein, die Bewertung einer australischen Company durchzuführen.
Wenn die Aussies dem wert keine höhere Bewertung zugestehen, dann haben sie recht. Schließlich ist es ein Aussie-Wert, der mit Aussie-Managern auf den Australischen Markt tätig ist, die lokale Bewertung ist maßgeblich.

[SunTzu]

bitte bedenkt bei all den unkenrufen, das die derzeitige situation generell sehr schlecht ist. dow, nasdaq, rohöl, naher osten..... alles in allem derzeit kaufstimmung!SunTzu

[Tesla 2000]

Hallo E Trade Australia - Fans

Ich habe sie bei ca. 5,3 euro gekauft - damals waren sie hoch im Kurs und man sprach von 15-20 euro Kursen soweit ich mich erinnern kann.
Letztend hat mich der ANZ-Deal (3.grösste Bankkonzern Australiens)
überzeugt zu kaufen und die relativ konkurrenzlose Marktpostion von
E *Trade Australia .
Der Mutterkonzern E *Trade Group(USA)lässt grüssen !!

Alles im allem ist meine Stimmung "neutral" , warten wirs mal ab !!

tesla