Iron ore billionaire Andrew Forrest has joined Mike Cannon-Brookes as a lead early backer of the $20 billion-plus Sun Cable project set to drive Asia's transition to cleaner energy.. You might already have an ASX account with another platform. Please log in with your existing credentials, My ASX Code changed from SME to SUN on 02/07/2001. Invalid password: this word has been flagged as unsuitable for use as a secure password. Founded in 2010, Sun Cable provides data, electrical and telephone cabling. Information is 20min delayed. Even so, future earnings will be far more important to whether current shareholders make money. So if that suits your style you could check each stock one by one or you could take a look at this free list of companies. The latest information on ASX listed stocks sorted by their given sector.! 21970 Posts. The Motley Fool Australia operates under AFSL 400691. With a heritage dating back to 1902, SUN has grown to become a top-20 ASX-listed company with over 13,000 people and $96 billion in assets. Australia already has huge optical-fibre cables undersea for the Internet. After making a Higher High SUN had retraced lower to Support of $9.60, and have bounced off quite well. The Indonesians might want to tap into some Aussie sunshine as well. How Much Money Do I Need To Start Investing? Click for restrictions. Plans to build a giant solar power and battery facility in central Australia to supply electricity to Singapore will go ahead thanks to backing from tech and mining billionaires Mike Cannon-Brookes and Andrew ‘Twiggy’ Forrest. Tesla … Price is above the 200SMA and 50SMA, indicating that its bullish. Subscription Terms of Service, ACN: 146 988 052 | Australian Financial Services Licence (AFSL): 400691, The Motley Fool Australia, PO Box 4635, Ashmore, Qld 4214. Today 5d 1m 3m 6m YTD 1yr 5yr 10yr. Find the investing style that's right for you. Join to Connect Sun Cable. Suncorp Group was formed in 1996 by the merger of Suncorp, Metway Bank and the Queensland Industry Development Corporation (QIDC). Sun Cable is an Australian company established in 2018 with a mission to deliver dispatchable, competitively priced renewable electricity to the energy markets of the Northern Territory (NT), Singapore and other Association of Southeast Asian Nations (ASEAN) countries. For more information please see our Financial Services Guide. profile, My SunCable | 52 followers on LinkedIn. Sun Cable is not the only mega-renewable energy export project on the drawing board in Australia. Sun Cable’s goal is to supply about 20% of the energy in Singapore, which represents an opportunity for the country to earn millions of dollars. The ASX listed power generation company, Genex Power is centred towards the generation of clean electricity and developing electricity storage solutions. Incorporated in QLD on 01/07/1988 as Metway Bank Ltd following change in status from a permanent building society, Metropolitan Permanent Building Society. Link to all company details and price history. Search Results for "suncorp" Select from the list below by clicking on the ASX code, or click "Show related codes" to see all available securities for the selected code. ASX:SUN Recent Insider Trading June 4th 2020. This Service provides only general, and not personalised financial advice, and has not taken your personal circumstances into account. Suncorp Group Limited (ASX:SUN) is a leading financial services provider in Australia and New Zealand, enabling more than nine million customers to better protect and enhance their financial wellbeing. So it makes a lot of sense to check out what analysts think Suncorp Group will earn in the future (free profit forecasts). Index data is provided © S&P Dow Jones Indices LLC 2020. However, the concept of “energy as export” from the country. Terms of Service | So if you’re looking to get your finances on track and you’re in or near retirement – we’ve got you covered! There is a risk, however, that these cables might get damaged which could disrupt the country’s ability to send energy. The initiative include a return of approximately $506 million of share capital where Suncorp pays each shareholder $0.39 per share held; and an equal and proportionate share consolidation relating to the return of capital, through the conversion of each ordinary share into 0.9710 shares. Sun Cable’s energy projects will position Australia, Singapore and other ASEAN markets as world leaders in intercontinental transmission of renewable electricity. Our team is comprised of world-leading experts across a range of fields, including renewable power development, electrical, photovoltaics and civil engineering, HVDC, planning and approvals, international relations, economics and project management. SUN has five core businesses: Personal Insurance, Commercial Insurance, Vero New Zealand, Suncorp Bank and Suncorp Life. Team Kalkine. Suncorp Group Limited (ASX Code: SUN) announced the details of a capital management initiative. View announcements, advanced pricing charts, trading status, fundamentals, dividend information, peer … The capital raise is supported with cornerstone investment by Australian entrepreneurs, Mike and Annie Cannon-Brookes’ Grok Ventures and Andrew Forrest’s Squadron Energy. Risk, however, that these cables might get damaged which could disrupt the.! Been buying shares in the US and are listed on the ASX or bilaterally private solar! Of suncorp, Metway Bank and suncorp Life announcement ( s ) to! Capital management initiative link has been sent to { { verificationEmail } } the. Account with another platform Apr 2012 2 years 7 months a simple way to monitor all investments... 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