Renewed Pressure on Prices Hits Iron Ore Majors
After several days of going nowhere, news from China sent iron ore prices lower on Thursday, just as some of the big boys revealed cuts to output due to the uncertain global outlook for 2022.
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Aurizon Makes $2bn Play for OneRail Australia
Aurizon today announced it had signed an agreement with Macquarie Asset Management, on behalf of its managed funds and client, to acquire One Rail Australia (ORA) for $2.35 billion.
Read MoreSantos and Woodside Positively Gushing
With global oil and LNG prices surging in the Sep quarter, no surprise the country’s two leading independent producers – Woodside and Santos – reported big jumps in revenue and earnings.
Read MoreImproved Guidance for BlueScope on Steel Surge
The steel business continues to buoy the earnings of BlueScope, with higher demand on both sides of the Pacific – Australia and the US – leading to an increase in the company’s December half forecast.
Read MoreSouth32 Comes Back to Earth as Production Dips
Just a week after revealing a huge South American copper move valued at $2.8 billion, South32 revealed a 15% slide in hard coking coal production – mostly at its mines south of Sydney.
Read MoreOctober Brings Buyback Windfall for Income Investors
Plato’s Dr Peter Gardner looks at the recently-completed off-market buybacks by Commonwealth Bank and Woolworths, and specifically their tax implications for income investors.
Read MoreRio Accelerates Emissions-Reduction Agenda
Rio Tinto has announced that it will triple its climate ambitions by aiming to cut slash emissions by 50% by 2030 at a cost of at least $US7.5 billion (more than $A10 billion) over the next eight years.
Read MoreLockdown Reality Bites Traditional Retail
Unlike a year ago when it was clear retailing was doing very well in the rebound from the first wave of the pandemic (especially online during the shutdown), this time around it’s a very mixed bag.
Read MoreBeetaloo – Australia’s Next Big Hydrocarbon Basin
The Beetaloo Basin is shaping up to be Australia’s next big hydrocarbon province, prompting some in the industry to proclaim it as one of the hottest shale gas plays in the world.
Read MoreSeven Group: Hiding in plain sight?
Value trades often emerge when a great business sits within a mediocre sector, or when the market assigns an arbitrary discount to a type of business. For Airlie, Seven Group Holdings falls into both categories.
Read MoreMarket Uninspired by Flight Centre Buzz
Despite revealing that it is selling more international tickets than domestic ones for the first time since the start of the pandemic, Flight Centre saw 4% carved off its share price in Wednesday’s trading session.
Read MoreUpbeat Updates from OzMin and Evolution
Things are bubbling along quite nicely for two local resource companies, with Oz Minerals lifting its full-year guidance and Evolution Mining beating expectations on both an earnings and cost basis.
Read MoreNoront Bidding War Continues as BHP Ups Offer
A day after would-be Canadian nickel miner Noront Resources chose the higher offer 70 cents a share (Canadian) from Andrew Forrest’s Wyloo Metals, BHP has hit back with a higher offer of its own.
Read MoreKogan Shares Jump on Overstock Relief
Online retailer Kogan seems to have used some old-fashioned bricks and mortar retailing skills to slash the size of its stocks of unsold goods.
Read MoreIron Ore Exports Remain Weak for BHP
BHP has joined rival Rio Tinto in revealing a weak performance in its core Australian iron ore export operation in the Pilbara, failing to match last year’s output for the third consecutive quarter.
Read MoreTabcorp Shareholders to Foot Demerger Bill
Shareholders in gambling giant Tabcorp face a bill in the hundreds of millions of dollars for the company’s management’s desire to demerge its lotteries and Keno businesses from wagering and media.
Read MoreSupply Chain SNAFUs Stymie Brambles
Multinational logistics group Brambles has warned that supply chain issues across its global businesses could potentially hit its earnings forecasts for the current financial year.
Read MoreStar-Crossed Yet Again as Dividend Withheld
Shareholders in casino operator Star Entertainment Group will again go without while the company continues to trade with its financiers, with the 2021-22 interim dividend withheld.
Read MoreHDN No REIT Petite with Aventus Takeover
HomeCo Daily Needs (HDN) real estate investment trust (REIT) is set to become a $3.2 billion operation under a proposed takeover of rival Aventus that values them at $3.82 per share.
Read MoreAristocrat Set to Take Massive UK Gamble
Poker machine and technology group Aristocrat Leisure is asking shareholders for $1.3 billion to help fund a massive $5 billion purchase of UK-listed global gambling software group Playtech.
Read MoreOnline Sales Help Temple & Webster Continue to Flourish
More upbeat news from retailing with emerging online furniture and homewares operator Temple & Webster again confirming that the Covid lockdown has been very good for business.
Read MoreWTL in a Strong Position to Consolidate or Be Acquired
Corporate Connect analyst Paresh Patel has today released an in-depth research report on emerging ASX-listed financial services company WT Financial Group (ASX: WTL).
Read MoreGPT Continues Shift into Logistics
GPT is continuing its shift away from CBS office towers and destination shopping malls, expanding its push deeper into logistics to $4.1 billion.
Read MoreCobram Estate Olives (ASX: CBO) – the business of olive oil
Sam Beaton – Joint CEO – Cobram Estate Olives is Australia’s largest producer and marketer of premium quality extra virgin olive oil.
Read MoreTechnology enabled door-to-to port logistics
Brendan Boyd – Managing Director – Silk Logistics Holdings Limited is a leading Australian-owned logistics business providing an integrated ‘port-to-door’ service to some of the world’s best-known brands.
Read MoreMagnis Energy Technologies (ASX:MNS) an integrated battery chain company
Frank Poullas – Executive Chairman – Magnis aims to become a leading global producer of next-generation green credentialed Lithium-Ion Battery (LIB) cells, enabling the future energy requirements of the world, the global storage of renewable energy and electrification of transportation.
Read MoreDiagnosing COVID Via a Smartphone App
ResApp Health (ASX: RAP) is developing digital healthcare solutions to assist doctors and empower patients to diagnose and manage respiratory disease.
Read MoreASIC Takes a Run at IAG / NRMA
Insurance Australia Group faces legal action from corporate regulator ASIC over claims it failed to honour discount promises made to nearly 600,000 customers of its NRMA Insurance.
Read MoreWhitehaven White-Hot Thanks to Coal Boom
Whitehaven Coal told the market on Thursday that it expects to be debt-free within six months as a global energy crisis drives prices for its thermal coal to record levels above $US250 a tonne.
Read MoreSouth32 Makes Huge Move into Chile
South32 has followed Sandfire Resources and Newcrest in committing to a copper-led future with a $A2.8 billion plunge into the Chilean copper industry where it will join its former parent, BHP.
Read MoreBoQ Leads Banks Lower Despite Strong Result
Despite a solid result and higher dividend, Bank of Queensland shares led the bank sector lower as investors sold on a warning of pressure on profit and interest margins in the coming year.
Read MoreTrading Tidbits: BUB, PGH, GCY
Good news and bad from the pandemic for two mid-caps yesterday and the shares of the two went in very different directions while an attempted takeover in gold is getting scrappy.
Read MoreImmutep Taking the Fight to Cancer
Following on from his previous report on the company, Corporate Connect analyst Marc Sinatra has today published an updated analysis of ASX-listed biotech Immutep Ltd (ASX: IMM), valuing IMM at $A2.20 per share.
Read MoreBuyback on the Cards for Westpac After Big Hit?
So will Westpac follow their Big Four peers down the buyback route in its full year results on November 1, after revealing a $1.3 billion hit to earnings from writedowns and other bookkeeping measures?
Read MoreNewcrest to Expand Copper Operations
Copper has moved to centre stage for Australia’s biggest gold miner Newcrest Mining, as the company revealed its future direction and plans for four major projects on Tuesday.
Read MorePlenti Delivers 140% YoY Growth, Brings Forward Profitability
ASX-listed fintech Plenti Group has today released its Q2FY22 quarterly report, which shows strong growth despite the COVID-induced lockdowns during the period.
Read MoreThe Hydrogen is Suddenly Greener for Queensland
There’s already plenty of interest for green hydrogen in Western Australia and now Queensland wants in on the act, with two new proposed projects announced in as many days in the Sunshine State.
Read MoreTwinkle, Twinkle, Naughty Star
Investors punished Star Entertainment Group in particular yesterday, but didn’t miss other casino groups after media reports about alleged misconduct surfaced over the past couple of days.
Read MoreThree Key Reasons to Hold Private Equity in Your SMSF
Attractive long-term performance coupled with lower risk / correlation to listed equities, as well as improved resilience through market cycles, makes this once hard-to-access asset class increasingly important.
Read MoreAPI Primps and Preens for Suitors
API is making sure both its putative bidders understand how it is well it is performing at the moment with a surprise earnings upgrade ahead of the release of its full year results later this month.
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