Newcrest Still Chasing That Cash Flow

Bank of the West Relies on Axway to Govern the Flow of Data with Leading Cash Management Client Integration Solution



Despite this, Macquarie remains cautious regarding the company's ability to generate cash. Morgan Stanley is concerned that the stock has had a strong run up since the start of the year and momentum may begin to ease, as the share price captures much of the operational turnaround. In terms of the fiscal position, the broker believes the company will need more debt in order to roll the amount due in September 2015. As the company recently stated it had no intention of making an equity placement, if protection from a lower Australian dollar gold price is required, the broker suggests buying put options as a preference. Credit Suisse found no great surprises in the result. The reserve and resource re-statement was more benign than the broker had expected, leading to reduced impairments compared to what may have been the case if adjustments were more significant. This broker is assured by management's relaxed outlook, suggesting a progressive reduction in gearing over time is in hand. This will be helped, in the broker's view, by the increase to free cash that will come after next year when the annual capital investment in Cadia East falls to $100m from $400m. JP Morgan also found the first half lacked surprises and remains content to retain an Overweight rating.












Credit Scores, Cash Flow and Collateral: Upping the Odds on Your Business's First Bank Loan





Help Is Out There Many new business owners might have a great investment strategy vision, but arent able to put their ideas down on paper yet, says Patsy Van Ouwerkerk, President and CEO of Northern California s Travis Credit Union as part of a great new series by NerdWallet on lending . SBDCs provide business owners with free classes and provide them with technical assistance with things like putting together a business plan, legal information, financial statements and projects, and anything related to accessing capital. At the end of the day, a loan officer at any financial institution cannot spend hours a day helping borrowers put together basic documents. SBDCs can help business owners with their loan package such that when they sit down with the loan officer, theyll be in better shape. The Three Cs: Credit Score, Cash Flow and Collateral For business owners looking to secure a 7(a) loan, the most popular of the SBA lending programs, all the owners of a business who hold an ownership stake of 20% or more are required to personally guarantee the loan. For many, personal credit scores play a surprisingly high role in lenders decision making. Vincent Siciliano, president and CEO of New Resource Bank in San Francisco says its critical whether youre seeking $5,000 or $5 million. All lenders will care about this metric, he says, If someone doesnt, be wary. You really do need a score of 700+ to obtaining traditional bank financing. Then again, lenders are human, says Davidson. Going into debt because your spouse has a chronic disease and youre funding it is very different than running up 50k in credit card debt and then saying you cant pay it. Before extending any loan, we first look at the health of the business, primarily cash flows, says Deryl Schuster, president of the Midwest Community Bank , which could leave many aspiring business owners with dashed hopes.









Follow Axway on Twitter: https://twitter.com/Axway Follow Bank of the West on Twitter: https://twitter.com/BankoftheWest About Axway Axway (NYSE Euronext:AXW.PA), a market leader in governing the flow of data, is a global software company with more than 11,000 public- and private-sector customers in 100 countries. For more than a decade, Axway has empowered leading organizations around the world with https://twitter.com/ElevationGroup proven solutions that help manage business-critical interactions through the exchange of data flowing across the enterprise, among B2B communities, cloud and mobile devices. Our award-winning solutions span business-to-business integration, managed file transfer, API and identity management, and email security offered on premise and in the Cloud with professional and managed services. Axway is registered in France with headquarters in the United States and offices in 18 countries. www.axway.com About Axway 5 Suite Axway 5 Suite offers control and optimization of the flow of data through integration, visibility, policy, security and reliability to govern business-to-business interactions, communities, systems and data types within and beyond the enterprise edge. About Bank of the West Founded in 1874, $64 billion-asset Bank of the West ( www.bankofthewest.com ), Member FDIC and Equal Housing Lender, offers a full range of personal, commercial, wealth management and international banking services. The bank operates more than 600 retail and commercial banking locations in 19 Western and Midwestern states.