AQD is like many junior companies in that its share price both rises and falls in line with drilling activity. Between now and early 2020, there promises to be consistent news-flow related to its exploration activities, both domestically and abroad.
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Early signs show AMP has promise. One of the best in the past two years. It’s possibly time to nibble but not gobble – just yet.
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A glance through the latest expert views and predictions about commodities. China infrastructure; iron ore miners; Indian industry; coking coal; oil; and rutile.
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Alkane’s (ASX:ALK) big porphyry gold-copper hit at its Boda prospect in NSW’s central west continues to be the talk of mining investor circles.
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Shares in Australia’s biggest brick maker Brickworks jumped more than 6% yesterday despite a weak full-year result. Meanwhile, the weak performance by Round Oak Minerals saw Washington H Soul Pattinson, Brickworks’ major shareholder report a 7% decline in earnings for the year to the end of July.
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ASIC, the corporate regulator, has forced three small companies to write down asset values in their 2018-19 balance sheets according to quietly released announcements this week.
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The last 12 months have been tough for Bapcor (ASX:BAP) but there now appears to be light at the end of the tunnel. After a challenging period for Bapcor shares, we saw the recent full-year results release (FY19) as potentially a turning point.
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The stronger-for-longer lithium story is not exactly panning out as such, with a global oversupply emerging and the upbeat blue sky stories supplanted by tales of woe from the emerging producers. The same thing’s happening with that other wonder battery metal, graphite.
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While Kiwi outdoor apparel retailer Kathmandu seems to have tracked down a vein of Aussie consumers who were ready to spend enough to boost the company’s earnings to record levels in the year to the end of July, the real boost came from the first full year contribution from US boot maker, Oboz.
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The annual results for coal miner, New Hope Corporation might have been a record, but the detail left investors unimpressed.
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Less than a month after delivering its 2018-19 results and a rather subdued outlook for 2019-20, Helloworld Travel now expects a better performance in the coming year than previously expected.
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Shares in the organic infant formula company Bellamy’s Australia ended nearly 55% higher yesterday as the board and management decided being independent was all too hard and revealed a sell-out to a giant Chinese dairy group.
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The attacks on Saudi oil facilities on Saturday and price spike yesterday helped the ASX 200 to a modest 4.3 point gain to 6673.5 points yesterday and helped produce an expected jump in the prices of oil and gold producers.
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TPG Telecom is at a crossroads, awaiting a decision on its proposed merger with Vodafone Australia, and there are significant implications for Telstra as well.
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The market is paying very close attention to the current Jericho drilling program and has rewarded MEP with a 55% share price increase over recent months.
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Investors remain cautious about Synlait Milk, which has many irons in the fire as it works on diversifying its food service strategy. Major customer a2 Milk is also critical to the outlook.
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The takeover of Havilah Resources by British billionaire Sanjeev Gupta has come unstuck in spectacular fashion at a shareholder meeting with the deal sunk by one senior executive and director.
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Elders has been cleared by the competition regulator, the ACCC to complete its takeover of rural wholesale buying group Australian Independent Rural Retailers (AIRR).
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Rather than announce it in Australia where most of his company’s shareholders live Woodside CEO Peter Coleman has revealed plans to cut its stake in two key assets to raise funds for other developments in an interview with a global news agency.
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Challenger (ASX:CGF) has been a market darling for many years. However, the last 18 months has seen an almost halving of the share price. Does this mean that is now a fantastic buying opportunity?
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Meat substitute stocks are all the rage in the US, but locally there’s a more limited bill of fare for investors – for the time being at least.
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We have a takeover battle for small power group, Pacific Energy with news of a higher takeover offer for the group.
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The DNR Capital Australian Equities High Conviction Fund owns both James Hardie and Lend Lease in its portfolio as at August 2019.
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DNR Capital Portfolio Manager Sam Twidale last discussed Nanosonics (ASX:NAN) back in April 2019. Since that time the share price has rallied strongly from the mid $4 level back in April to touching $7 since reporting in late August.The DNR Capital Australian Emerging Companies Fund currently holds a 6% position in Nanosonics.
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Suncorp shares hardly moved yesterday after the financial group named Steve Johnston as its next chief executive.
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Coca-Cola Amatil is revamping itself by going to a geographic structure for its various beverage businesses that will see a merging of operations in what looks like another cost-cutting exercise.
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Negative factors continue to pile up for UK bank CYBG, amid unprecedented provisions for potential claimants in its FY19 accounts. Brokers rush to remove dividends from forecasts.
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A collection of mining services companies beginning to experience some attractive breakouts that point to these flow-on affects from mining activity translating to a sustained increase in earnings.
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Spare a thought for Wesfarmers’ boss Robb Scott. To the surprise of no one, shareholders in Scott’s $776 million lithium takeover target, Kidman Resources, voted overwhelming yesterday to accept the $1.90-a-share bid Scott lobbed back on May 2.
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A big day for struggling department store chain, Myer with the shares seeing their best day for months, jumping more than 10% at one stage after its 2018-19 results showed it had seemingly steadied a sinking ship.
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Shares in the NAB UK bank spin-off, CYBG have been hammered yet again after it revealed a second major provision against sales of dodgy insurance products.
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TPG Telecom revealed a 56% slump in net profit for 2018-19 yesterday, a slump driven by the axing of the company’s plans to build Australia’s fourth mobile phone and data network and the now lengthy court battle to try and merge with Vodafone Hutchison Australia.
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A decisive thumbs down from investors for the interim result from Sigma Healthcare’s which revealed profit plunged more than 80% to just $2.52 million.
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We continue to highlight the strong fundamentals underpinning CWY. We also like the defensive nature of its earnings/cashflow, as well as the largely vertically-integrated business model and balance sheet capacity.
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Fletcher Building will kick off its $NZ300 million on-market share buyback next Monday, September 9Fletcher Building will kick off its $NZ300 million on-market share buyback next Monday, September 9.
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It’s been a big week for regulators waving their legal ‘big sticks’ (and lawyers) – yesterday ASIC joined the ACCC on the legal warpath, announcing separate legal actions against two regional banks – The Bank of Queensland and Bendigo and Adelaide Bank.
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Melbourne-based Reece Group has further expanded in the US with the $A220 million acquisition of a Southern California plumbing supply wholesaler, Todd Pipe & Supply.
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The ACCC is suing Medibank for allegedly telling customers they could not make claims for certain types of surgery even though their policies covered those procedures.
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Shares in Thorn Group have surged after an announcement to the market confirmed that the long-running class-action lawsuit against the company’s Radio Rentals’ controversial ‘Rent, Try, $1 Buy’ program has been settled for a total of $29 million.
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Ahead of an investor briefing, Incitec Pivot has downgraded guidance for FY19 and flagged a strategic review of its Australian fertiliser business.
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