Shares
Questions Linger as Boral Bid Nears Completion
Kerry Stokes and Seven Group have less than a week to go on their $8.5 billion bid for Boral but questions continue about the financial health of the post-bid group.
Read MoreHigher Claims Hit IAG Bottom Line
Insurance Australia Group posted a net loss of $427 million in the year, after it was hit by higher claims – both in the short- and long-term – and overall costs and provisions.
Read MoreRio Still World’s Top Ore Producer
Rio Tinto retained its top ranking in the global iron ore export stakes – by the narrowest of margins in the three months to June – just 200,000 tonnes.
Read MoreStar Folds on Crown Deal
Crown Resorts and its biggest shareholder James Packer face growing uncertainty about its future value, with rival casino group Star Entertainment dropping its $12 billion deal.
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Nickel Worth a Dime for BHP and Tesla
After years of being seen as a high cost, high priced commodity with few growth prospects, nickel has moved to become part of BHP’s ‘green’ appeal – and they have the deal with Tesla to prove it.
Read MoreRecord Revenue, Upped Guidance for Santos
In its June quarter report yesterday, Santos announced sales revenue hit a record $US1.1 billion, taking it to a record-breaking $US2.04 billion over the six months to June 30.
Read MoreEvolution Continues Expansion with Kundana Deal
Days after confirming its $1 billion Cowal expansion, Evolution has revealed a $400 million transaction to turn its Mungari mine into a ‘cornerstone’ asset in a deal with rival Northern Star Resources.
Read MoreTelfer, Cadia Help Newcrest Soar to Glittering Year
Australia’s biggest gold miner Newcrest Mining had a good 2020-21 as its gold and copper production reached guidance targets in the year to June, with Telfer and Cadia leading the way.
Read MoreZipping Along Quite Nicely
Zip Co had a very good June quarter judging by the latest figures from the company on Thursday, as revenue doubled in the quarter compared with last year led by a further surge in its US business.
Read MoreBHP Reportedly Mulling Oil and Gas Withdrawal
BHP wouldn’t comment on the claims made by Bloomberg on Wednesday morning that they were reviewing their petroleum business and considering options including a trade sale.
Read MoreLendlease Sails Services Unit Downstream
Another asset sale by Lendlease, as the company yesterday revealed it was offloading its services unit to Service Stream for $295 million in cash and $15 million in debt.
Read MoreCharter Hall: An Underappreciated REIT
Airlie’s Will Granger looks at one of the ASX’s top performers over the past decade, Charter Hall, which has delivered a total shareholder return of 19% per annum since listing in 2005.
Read MoreCIMIC Keeps Div Promise Despite Earnings Dip
Spanish-controlled contractor CIMIC has reinstated its interim dividend despite a dip in earnings for the six months to June, declaring it will pay a partially-franked 42 cents a share.
Read MoreSouth32 Takes $1bn Hit on Illawarra
South32 has revealed plans to write-down nearly $A1 billion worth of value from its Illawarra hard coking coal export business in its 2020-21 annual results next month.
Read MoreManhattan Corporation: High grade gold, multi-million ounce potential
Manhattan Corporation CEO and Geologist Kell Nielsen discusses current drilling programs and what investors can expect from them over the coming months with ShafeCafe’s Tim McGowen.
Read MorePureprofile Continues Stellar Turnaround
Pureprofile (ASX: PPL), an ASX-listed consumer research, analytics, and insights company, reported Q4 FY21 earnings today, with continued strong results.
Read MoreSpire Rebuffs Ramsay Offer
Ramsay Healthcare’s big plunge into the UK private hospital sector has ended after shareholders in its target, Spire Healthcare rejected the deal.
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Plenty of Arrows in BHP’s Quiver
While BHP shipped a record amount of iron ore from its Pilbara mines in the year to June, the performance of its coking coal, copper, oil and gas and nickel businesses also stood out.
Read MoreSantos Confirms Oil Search Interest
After Oil Search admitted on Tuesday morning it had recently rejected a takeover approach, Santos issued a statement revealing its proposed $4.25 per share offer.
Read MoreHigh Expectations For Rio Tinto Cash Flow
Record iron ore prices mean strong cash flow and dividends are anticipated from Rio Tinto, outweighing a difficult quarterly production outcome.
Read MoreANZ Announces Surprise $1.5bn Buyback
The ANZ Bank has surprised the market by revealing a $1.5 billion buyback on Monday night, declaring it would not affect the bank’s ability to support pandemic-affected customers.
Read MoreFour Mini Bytes from the Tech Sector
Four Australian techs had varying experiences in yesterday’s ASX trading session, with releases from hummgroup, Empired, Altium and Data #3 receiving the gamut of responses from traders.
Read MoreDjerriwarrh Makes Good on Final Payout
Melbourne-based Listed Investment Company Djerriwarrh Investments lifted its final dividend to soften the impact of a lower interim dragging down its full year payout to shareholders.
Read MoreTelstra in Talks for Tropical Tilt
Telstra has confirmed that it is in talks with the Federal government on a joint bid for some key telco assets in the South Pacific that could frustrate China’s efforts to snatch the mobile phone assets of Digicell.
Read MoreWellnex Life is focused on developing next generation health and wellness solutions.
Presenter – George Karafotias – CEO – Wellnex Life is focused on developing next generation health and wellness solutions.
Read MoreStrike Energy aspires to be the lowest cost onshore gas producer in Australia
Presenter – Stuart Nicholls – MD, CEO & Executive Director – Strike Energy aspires to be the lowest cost onshore gas producer in Australia, in order to ensure affordable and abundant natural gas is available to support the energy transition into a lower carbon future.
Read MoreArtificial Intelligence home monitoring
Presenter – Jason Waller – MD, CEO & Director – InteliCare provides a smarter in-home solution connecting families and helping seniors and people with disability stay in their homes.
Read MoreFintech lending platform taking on the banks
Presenter – Daniel Foggo – CEO & Executive Director – Plenti Group offers award-winning automotive, renewable energy, and personal loans, delivered by proprietary technology, to help creditworthy borrowers bring their big ideas to life.
Read MoreDiffering Theories of Evolution
Some good news, a bit of bad, and spending hundreds of millions of dollars didn’t win the minds of investors for Evolution Mining, with the company’s shares losing 5% on Friday.
Read MoreInvestors Left to Drink from the Poisoned Chalice
It is always instructive to watch what a company’s board and management keeps when it decides to spin off assets. So what are we to glean from Chalice Mining’s decision to do just that?
Read MoreElements, Circumstances Undermine Rio
Rio Tinto’s June quarter was a forgettable one to say the very least, with climactic and operational challenges causing them no end of problems and jeopardising hopes of profit growth for the full year.
Read MoreLNG Surge Fuels Woodside Revenue Surprise
Woodside Petroleum is looking at a solid rebound in first half earnings from 2020’s very weak level after higher prices of LNG boosted revenue nearly 30% in the June half.
Read MoreDecision Time for Stokes with Boral
Did Kerry Stokes’ Seven Group Holdings really want to get more than 50.01% of the issued capital of Boral and take on all the problems of a majority-owned subsidiary?
Read MoreDeGrussa Pushes Sandfire to Record Profit
2020-21 turned out to be a very good year for Sandfire Resources, thanks to the late surge in copper prices to record highs and solid production from its DeGrussa mine in WA.
Read MoreMirrabooka Cashed Up and Ready to Pounce
LIC Mirrabooka Investments remains cashed up and ready to exploit what it says will be times when stocks “temporarily’ fall out of favour with investors in the coming year.
Read MorePeaks and Valleys Persist for Nearmap
Shares in mapping tech Nearmap surged nearly 15% in trading on Tuesday after the company surprised with an upgraded outlook, more than wiping out its loss for the year.
Read MoreYoufoodz Delivered from Its Misery
Floated at $1.50 a share last December, buried at 93 cents in an agreed bid on Tuesday – the 8 months of life for Youfoodz Holdings has been one long (short) slide.
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