Latest Sequoia Financial Group (ASX:SEQ) News

Rare earths, lithium and antimony stocks drove the week, while a handful of capital raisings and profit warnings hit hard. The biggest gains came from drilling wins and deal news. The sharpest falls came where investors faced dilution, weaker earnings or takeover friction.

Banks drove the week as Bendigo, BOQ and Pinnacle led finance stocks higher on deals that promised lower costs, more lending firepower and balance sheet flexibility. Regulatory trouble at Humm and fresh uncertainty around Sequoia showed how quickly confidence can slip when boards and disclosure come into question.

Sequoia Financial Group has provided an update on the proposed sale of InterPrac Financial Planning to Conquest Investment Partners, highlighting ASIC’s court action seeking receiver appointment over certain guarantees and ongoing discussions with ASX regarding shareholder approval.

Sequoia Financial Group Ltd has admitted to unintentionally breaching ASX Listing Rule 15.7 after its CEO disclosed details of the InterPrac Financial Planning sale to a journalist during a trading halt. The company is reviewing its continuous disclosure practices to prevent future occurrences.

Gold exposure was sold hard, while a lender and a legal-finance group caught steady buying. Dividends, buy-backs and new bank-style hybrids did the heavy lifting for sentiment.

Sequoia Financial Group has postponed its interim dividend payment to mid-May as it finalises the sale of InterPrac and awaits ASX guidance on a potential shareholder meeting.

Sequoia Financial Group has agreed to sell its financial planning arm InterPrac to Conquest Investment Partners for $50,000, following a strategic review that exposed significant challenges and asset write-downs.

Payments and lending names wore the biggest swings as investors reacted to a large placement, a takeover repricing, and a governance brawl. Deal terms, disclosure quality, and access to funding mattered more than “big picture” talk this week.

Sequoia Financial Group faces a pivotal shift as HUB24 stops accepting new business from its InterPrac Financial Planning advisers, prompting a strategic transition for the company’s adviser network.

Sequoia Financial Group is actively reviewing its retail licensee services, focusing on its subsidiary InterPrac Financial Planning, with potential structural changes or a sale under consideration amid shifting platform provider relationships.

A dividend shock, a mega-merger and a fresh equity raise dominated ASX finance names this week. Magellan surged on its Barrenjoey plan, while Excelsior plunged despite confirming a large special payout.

Sequoia Financial Group has agreed with ASIC to withdraw a previously lodged Revocation Deed, signaling a regulatory shift that investors will want to watch closely.