Is it a farewell from Aveo to Canadian investment giant, Brookfield? Nope, it seems the ASX listed aged care operator and Brookfield are moving closer to completing a deal first revealed in a statement issued on July 4.
Read More
The ALP’s May 18 election policy that threatened franked dividend credits for non or low taxpaying investors has given a one-off boost to the 2018-19 results of Australian Foundation Investment Company (AFIC), the country’s biggest investment company.
Read More
Gold miner St Barbara says it has completed the $780 million purchase of Canadian group Atlantic Gold Corporation after shareholder approvals were given last week.
Read More
Capital management will be the focus for brokers when South32 reports in August. The other catalyst, a sale of South Africa Energy Coal, is considered unlikely to be resolved at that stage.
Read More
In comments all investors should note, the CEO of one of the country’s biggest listed investment companies has warned that his group is not upbeat on prospects for the 2019-20 financial year, with bank earnings a special concern.
Read More
Acquisition of fully constructed and permitted New Elk hard coking coal mine in Colorado, USA that bridges the gap between permitting and construction of its Tenas Project in Canada.
Read More
Nickel prices have surged recently but as some brokers assess, fundamentals do not appear to be supporting the rally. Hence, a retracement is considered highly likely.
Read More
I know this is the fifth time I am writing about gold but with the precious metal surging to fresh new multi-year highs I need to stress to readers the enormous opportunity that is being presented to investors.
Read More
Unlike its peer, Woodside Petroleum which revealed a weak June quarter performance, Santos yesterday reported record gas production in the second quarter thanks to a solid performance across its Western Australia gas assets.
Read More
Shares in Spanish controlled CIMIC (the old Leighton holdings) slumped more than 21% yesterday in the wake of a soft half-year result.
Read More
Woodside appears headed for a weaker interim result thanks to the gradual slide in oil prices in the June quarter and a surprise series of maintenance delays at its Pluto field off the WA Northwest coast.
Read More
As FY20 unfolds, falling global bond yields will produce headwinds for the general insurance sector while wealth managers could enjoy a short-term uplift to recurring revenue.
Read More
Like rival Rio Tinto, BHP has reported a rebound in iron ore output in Q4, at the same time the global mining giant has warned of $US1 billion in productivity losses for 2019, flowing from disruptions to operations across its commodities.
Read More
Despite the drought, rural business seems to be ‘hot’ judging by the way Elders shares took off yesterday.They soared 15% after emerging from a trading halt having raised $100 million to fund its acquisition of wholesale buying group Australian Independent Rural Retailers (AIRR).
Read More
Melbourne-based Listed Investment Company (LIC), Djerriwarrh Investments has maintained final and full-year dividends after reporting a reasonable rise in earnings for the year to June.
Read More
Egaming (or esports) is big business globally and four ASX minnows are jostling for their turn at the console.
Read More
Oil Search disappointed the market yesterday with its June quarter and half year production and sales report, missing market forecasts which saw the shares fall 2.2% to $7.18.
Read More
Rio Tinto also released its production update for the June quarter yesterday which confirmed the problems in its iron ore business in WA had cut output with a rise in costs per tonne.
Read More
AMP shares are at a new all-time low as several analysts mull a big capital raising to offset the losses incurred by the company in being forced to keep its underperforming life insurance business.
Read More
Rio Tinto shares hardly moved yesterday despite the news of a major delay and cost blowout of up to 36% of the original $US5.3 billion estimate at its huge copper mine and underground project in Mongolia.
Read More
With Canadian group, Nutrien trying its own bit of rationalisation in the rural sector, (and running into problems with the ACCC), Elders has joined the party with a $157 million cash and shares offer for the unlisted private wholesale buying group Australian Independent Rural Retailers (AIRR).
Read MoreWealth management group AMP’s future has taken a major hit with the news yesterday that it is “highly unlikely” to finalise a $3.3 billion deal to sell off its life insurance business because of opposition from New Zealand’s central bank, and it will not pay an interim dividend for the June 30 half year.
Read MoreActual earnings this week will be few in Australia, but the big news reports will the June quarter, full year and half year production reports from the country’s major miners.
Read More
As well as the French, the Victorian and NSW governments are banning mobile phone usage in schools. While the jury’s out on how effective the measures will be, two listed minnows are eyeing the opportunities.
Read More
Walkabout Resources – (ASX: WKT, Share Price: $0.39, Market Cap: $123m, coverage initiated @ $0.12 in April 2016 – current gain of 225%)
Read More
Newbie gold producer Dacian (DCN) served up some shock back in early June when it told the market that it should forget about its Mt Morgans operation being a 200,000 oz a year producer for 10 years at a cost of $A1,000 an oz.
Read More
The chances of the banks paying higher dividends in the coming years look to have diminished after APRA ordered Westpac, NAB and ANZ to set a total of $1.5 billion in extra capital aside.
Read More
Shares in NSW soft coking and thermal coal exporter Whitehaven Coal ended up 5% higher at $3.83 yesterday after the market took its 2018-19 June quarter and full year report to be good news.
Read More
Shares in jewellery retailer Michael Hill fell more than 9% yesterday after reporting that it underpaid staff by up to $25 million over the past six years.
Read More
Retail Food Group shares fell yesterday after the company attempted to defend how it disclosed a $160 million recapitalisation proposal from a Hong Kong backed investment group.
Read More
Mirrabooka Investments produced the first major LIC 2018-19 result yesterday for the second half and it looks like the 17% surge in the June half of the year only partly helped offset that weak first half.
Read More
Lennox Capital argues Australia’s east coast infrastructure boom may not be the gift to Australian contractors the market is assuming.
Read More
Regulators are looking into trading in the shares of broken fast food franchisor, Retail Food Group following a day of almost high farce.
Read More
Weaker bank shares helped take the wider market lower for another session, but the day’s loss was nowhere near as damaging as Monday’s 1.2% slump.
Read More
Small Queensland residential developer Villa World has agreed to be taken over by private equity-backed Avid Property.
Read More
Bapcor is cementing its position in car parts and brokers are upbeat about the stock, despite the likelihood growth rates will now be less stellar.
Read More
Sunstone (ASX: STM) had a big day out on Tuesday when it updated the market on drilling progress at its multi-target Bramaderos project in southern Ecuador, well away from all the drama up north where 10,000 garimpeiros are said to have overrun a Gina Rinehart exploration property.
Read More
Combining attractive chart patterns with exciting fundamentals is in essence the perfect marriage every investor should be looking forward to. Not only does it increase the probability of success but it also improves the timing of quickly achieving a return on your investment.
Read More
It’s been a rough old week for SpeedCast – there was the profit downgrade on Tuesday and sell off that extended into Wednesday and then yesterday the company was back in favour.
Read More
Investors gave a strong thumbs up yesterday to Woolworths plan to lighten its involvement in the contentious liquor and gambling industries.
Read More