The Longtable share price has only just begun to move and with a market cap of $50 million has the potential to double from here if it were to follow the basic template FOD has shown. I think there is more longevity and potential in the business of LON on an export basis and given increasing demand for organic products – especially dairy.
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Bardoc Gold is now in the process of assembling a major combined Resource base in WA’s Eastern Goldfields region in combination with a centralized processing hub.
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Domino’s Pizza appears comfortable with the progress being made, as it continues to roll out stores in Europe, maintaining earnings guidance for FY19.
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Fonterra, the giant NZ dairy group is looking at a substantial slide in earnings for 2018-19 thanks to the impact of the continuing drought in Australia, pressures in its Chinese markets and pricing pressures on some key products.
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A funny bit of timing from Freedom Foods yesterday. It revealed plans for $130 million capital raising, and at the same time slipped out a small downgrade its full-year sales guidance.
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A higher interim profit and a higher interim dividend saw shares in gambling machine maker, Aristocrat Leisure jump more than 8% yesterday on the ASX.
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You have to ask how long-struggling discount retail chain The Reject Shop can remain independent after another earnings downgrade and CEO departure yesterday.
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Wesfarmers big lithium play seems to have been stitched up, but its ambitions for rare earths group, Lynas Corp remains up in the air.
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Shares in Lynas Corp rose 10% yesterday to a new multi-month high of $2.53 after the company withdrew reserves data given in Tuesday’s investor day presentation.
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Investors accepted yesterday’s news of big losses from the Australian Agricultural Company (AACo) for the year to March. Thanks to drought and floods the beef and cattle group was hit by $107 million in one-off losses.
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The risks associated with carbon-exposed commodities, specifically coal, are now “offset by upside to copper and nickel” according to BHP.
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As global iron ore prices settled above $US100 a tonne for the first time in five years Fortescue Metals Group has announced the second new mine in a year in its Pilbara operational area in WA.
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Hey Google! What ASX small caps are exposed to the unfolding home automation boom? The answers are below
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Crown Resorts one time stalker, Wynn Resorts says it has ended its attempts to sell it’s about to open Boston Casino to MGM.
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A good result from Brisbane-based global testing group ALS yesterday with 27.3% lift in after-tax net profit to $181 million for the 2018-19 year ending March 31.
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Trading in Lynas Corporation shares was halted late Tuesday until Thursday morning following a query from the ASX about data released as part of an investor day update presentation yesterday.
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Shares in James Hardie ended up 3.7% at $18.50 yesterday after the Ireland-based construction materials supplier lifted its full-year profit 57% to $US228.8 million ($A331 million).
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Bank shares had a second good day on the ASX yesterday after their post-election surge on Monday. Monday it was Prime Minister Morrison’s surprise win, yesterday it was APRA as the financial prudential regulator revealed plans to relax a key restriction on home loans.
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Monday’s statement from rare earths group Lynas Corp of an interesting idea for the US has left far more questions unanswered than it has resolved.
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Drought, floods and smaller problems helped produce more than $140 million of significant one-off items which more than halved the earnings of fertiliser and chemicals manufacturer Incitec Pivot (IPL).
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Brisbane-based hedge fund group, Blue Sky, Alternative Investments collapsed on Monday owing more than hundreds of million dollars.
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Call it confidence or perhaps over-optimism but the decision by Elders to maintain interim dividend at 9 cents a share with the drought still biting hard in rural and regional Australia, was a gutsy call by the board and management.
Read MoreIs Crown Resorts moving back in the sights of Wynn, the US casino’s group? Wynn revealed Friday US time that it is looking to sell its nearly competed $US2.6 billion casino in outside of Boston to rival casino operator, MGM Resorts International.
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Shares in Austal (ASX:ASB) have eased back from multi-year highs. We have a look at whether there is further upside and when is the best time to buy it.
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AS I stress to the traders in my office, the formation on NCM takes years to develop. If I am wrong so be it. That’s markets, but if I am correct and this does explode higher and you are not part of this once in a multi-year rally, frankly, there are no excuses to let such an exceptional opportunity pass.
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New CEO, new broom, new guidance, lower profit, kitchen sink to come? Sound familiar? Well, that’s what we got from Virgin Australia on Friday morning and it raises questions about the health of the domestic and international aviation markets.
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Ratings agency, Moody’s has cast doubt on the story earlier this week in the Financial Review that Virgin Australia and Affinity were looking to sell Virgin’s Velocity Frequent flyers plan.
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Another confession from a one-time growth darling yesterday that left shareholders considerably poorer on the day. Shares in BWX plunged more than 30% at one stage when the company sprang a surprise earnings downgrade for 2018-19 and re-organisation on the market.
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Building and construction products group, CSR has looked outside the company for its new CEO to replace Rob Sindel who departs later this year.
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The Australian gold rush to North America is accelerating. St Barbara has joined Newcrest and North Star resources in spending up big on mines in either Canada or Alaska. Total spend so far has topped $2.2 billion.
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Industrial property developer Goodman Group is increasingly confident in the opportunities inherent in its global land bank, reaffirming a robust outlook.
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Brisbane-based AP Eagers may have won the battle for its main listed rival, Automotive Holdings (AHG) but that doesn’t mean it has been immune from the impact of the deepening slow down in the car sector.
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Ahead of shareholder approval of the takeover offer from Nippon Paint, DuluxGroup has announced a special dividend on a top of its interim dividend for the six months to March 31.
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Like the update yesterday from Automotive Holdings, the profit announcement from Ruralco is of academic interest seeing it is moving towards finalising its takeover by a Canadian suitor.
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A rather severe confession time yesterday from generic drug group, Mayne Pharma with a warning of a big slide in revenue and profit and a possible write-down of asset values.
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Yesterday’s trading update was all a bit ‘after the event’ from Automotive Holdings (AHG) now that it has fallen on its knees and accepted the paper offer from its biggest shareholder AP Eagers (which owns 28.8%).
Read MoreDriven by a 47% surge in global iron ore prices, Fortescue Metals has surprised the market with a massive increase in its dividend from 19 cents to 60 cents a share, fully franked.
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More doubt has been cast on the proposed near $1 billion sale by ANZ Bank of its superannuation business to IOOF.
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Energy group, AusNet has lifted its final dividend despite a near 13% drop in full-year profit to $253.9 million but says it expects to lift pay out again in the 2019-20 financial year which started on April 1.
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