Rex has its roots firmly in the bush and in regional Australia. Its tagline boldly affirms that ‘Our Heart is in the Country’.
Rex was established from a belief that the bush needs and deserves an air service of quality that provides good connectivity between regional centres and capital cities at affordable prices.
Rex seeks to fulfil these expectations. Since its formation, Rex has steered a course balancing the needs of regional communities for extensive and affordable air services and to be economically viable and sustainable.
That same vision now extends to domestic routes, as Rex brings a safe, reliable air service that is affordable to the domestic market.
ASX Code
REX
Sector
Transportation
Website
https://www.rex.com.au/AboutRex/OurCompany/regionalexpress.aspx
21 Jun 2023 - Rex Airlines (ASX:REX), Australia's largest regional and domestic airline operator, has shocked investors by announcing a forecasted loss of $35 million for the current financial year.
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A strong performance from regional airline Rex provided its chairman with the perfect opportunity to fire some potshots at the airports and rival carrier Qantas and pushed the shares up 6%.
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Australia’s would be 4th domestic airline Regional Express (Rex) has warned that the continuing lockdown in NSW will add $3 million to its projected losses for the June 30 year.
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Rex revealed on Wednesday that Victoria’s COVID-19 outbreak, which forced it to cancel dozens of flights in and out of Melbourne, has ended its hopes of breaking even this financial year.
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Shares in Regional Express are in a trading halt after the corporate regulator hit the regional airline with a ban on using short-form fundraising documents for a year after censuring Rex for a continuous disclosure breach.
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DOWNLOAD RESEARCH REPORTSecures binding contract with Tier-1 OEMUS based anode active project gathers momentumMagnis Energy Technologies (MNS.ASX) – MNS is planning an anode active facility in the US and recently announced a binding, yet conditional, contract for the supply of anode active with Tesla. The contract is for a minimum 17.5kt/year with an option to purchase another 17.5t/year. Conditions precedent carry a tight development timeframe, with first production scheduled for February 2025. Site selection is underway and co-locating with an OEM on a brownfields site makes sense. Long lead items have been ordered and detailed engineering and design is expected to commence soon. |
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December Quarterly Report: Q2 FY2023Looking past the rain – there’s a rainbow.TerraCom released their operating results for the December quarter FY2023 with operating metrics being in line with our forecasts. Unseasonal rains in both Australia and South Africa contributed to operational and logistical issues across all mines, however guidance for annual production at Blair Athol is unaffected and highlights the quality of TerraCom’s skills in operational management. We continue to like the stable operating metrics around the company’s Australian operations and see potential for the South African operations to benefit from increased management focus given the rationalisation of operations following the closure of the Ubuntu mine. Corporate Connects overall financials remain unchanged as does our target price of $1.35 share. We maintain our forecast for a fully franked quarterly dividend of 7.5c/share to be paid in the March and June quarters of FY2023. |
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DOWNLOAD RESEARCH REPORTAntisense Therapeutics (ANP) Taking a Quick Approach to Long COVIDThis report looks at the results of a collaborative study Antisense undertook which looked at the largest protein expression database in Long COVID-19 patients who experienced neurologic symptoms well after the primary or acute SARS-CoV-2 infection was considered over (Groups 1 & 2, with 48 subjects Group 2 comprising a single patient from a different clinical site). The symptoms and others experienced by such patients result in a highly significant amount of illness, possibly more than all primary SARS-CoV-2 infections i.e COVID-19. |
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DOWNLOAD RESEARCH REPORT4Q reveals more focus on profit and cash flow• LBY’s 4Q FY22 quarterly activities update showed continued solid growth in top line metrics, albeit slowing, with GMV of NZ$203m (+26% on pcp) and income of NZ$12.1m (+23% on pcp).
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DOWNLOAD RESEARCH REPORTStrategic Vanadium-battery growth with Titanium & Iron earnings resiliencyTNG Ltd is an ASX-listed technology owner and developer of the world-class Mount Peake near-surface vanadiferous titanomagnetite deposit. To unlock value, TNG will concentrate ore from its central Northern Territory mine for processing through its patented TIVAN® process produce three premium quality revenue streams: hi-purity vanadium pentoxide (V2O5) for steel alloys and Vanadium Redox Flow batteries, a quality titanium pigment for paints and a premium steel input with >64%Fe iron ore fines. |
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