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Vicars, Kanaan, Paradice & Co's fintech to open Till on $800m float


Vicars, Kanaan, Paradice & Co’s fintech to open Till on $800m float
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A bunch of Australia’s biggest name brokers and fund managers are set to go public with their secret fintech investment, Till Payments.
Street Talk can reveal Till Payments, whose shareholders are a who’s who of Australian equity capital markets and corporate Australia, has held talks with investment banks about a chunky pre-initial public offering raising and a sharemarket float slated for the new year.
Will Vicars’ Caledonia is part of a high-profile shareholder register backing Till Payments. 
David Rowe
It is understood the looming pre-IPO raising will be worth about $50 million – which puts it at the bigger end of pre-IPO cash calls – while the float would value the group at more than $800 million. ....

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Evergreen returns demand an investing discipline


Evergreen returns demand an investing discipline
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In a valuation obsessed world, it’s as true as ever that expensive stocks can get more expensive, and cheap stocks can get cheaper. The perceived lunacy of share prices in a toppy market has got the better of many astute stockpickers, at the expense of returns.
“You don’t want to short something on valuation grounds and sit there waiting, because that’s a great way to torch a lot of capital along the way if you don’t have a catalyst,” says hedge fund manager Omkar Joshi.
Fund manager Omkar Joshi is a believer in earnings and good management, leaving it to others to make (or lose) money from concept stocks.  ....

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