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Star Entertainment (ASX:SGR) Shares Fall Further as Valuation Slashed by Morningstar
January 10, 2025 02:21 PM AEDT| By Team Kalkine MediaHighlights,Morningstar reduces valuation on Star Entertainment (SGR) by 60%.,Stock,price drops,dramatically after warning about cash burn.,Major concerns for Star Entertainment ahead of upcoming interim results.,Star Entertainment (ASX:SGR), the Aust...
Household Spending on the Rise: November’s Surge Driven by Black Friday Deals
January 10, 2025 12:47 PM AEDT| By Team Kalkine MediaHighlights,Household spending increased by 0.4% in November, led by Black Friday sales.,Spending categories like recreation, culture, and clothing saw significant growth.,States such as Queensland, Victoria, and South Australia contributed the most t...
Star Entertainment Group Faces Financial Crisis: Bankruptcy or Acquisition Looms
January 10, 2025 12:34 PM AEDT| By Team Kalkine MediaHighlights,Financial Struggles Worsen,: Star Entertainment Group (,ASX:SGR,) reports a $100 million cash burn in three months, leaving just six weeks of financial runway.,Investor Concerns Mount,: Major shareholder Bruce Mathieson suggests the compan...
Star Entertainment Hits Record Low Amid Liquidity Concerns
January 10, 2025 12:08 PM AEDT| By Team Kalkine MediaHighlights,Star Entertainment shares plunge to a record low, dropping 19.2% before stabilizing at AU$0.113, following Thursday's 33.3% slump.,The casino operator reported cash burn of AU$70 million in Q4 2024, with only AU$79 million in available cas...
Star Entertainment (ASX:SGR) Faces Financial Turmoil Amid Cash Burn and Urgent Need for Solutions
January 09, 2025 04:11 PM AEDT| By Team Kalkine MediaHighlights,Star Entertainment (SGR) faces cash flow challenges with limited liquidity.,Potential administration looms without swift stakeholder intervention.,Strategic investor or asset sale seen as critical for survival.,Star Entertainment Group (AS...
Lovisa (ASX:LOV) Faces Challenges as UBS Downgrades Stock and Lowers Earnings Forecasts
January 09, 2025 12:50 PM AEDT| By Team Kalkine MediaHighlights,UBS lowers earnings estimates and downgrades Lovisa (LOV) to a “sell,”.,Slower store growth and subpar like-for-like sales growth raise concerns.,Price target cut to $27 from $29.,Jewellery retailer Lovisa (ASX:LOV) has come under scrutiny...
Star Entertainment Shares Plummet 25% to Record Low Amid Liquidity Concerns
January 09, 2025 12:06 PM AEDT| By Team Kalkine MediaHighlights:,Record Low Share Price,: Star's shares hit 14.5 cents, marking a 25% drop for the day and a 96% decline over five years.,Cash Burn Issues,: The company revealed a cash balance of $79 million, down $107 million in three months, adjusted fo...
Star Entertainment Shares Plummet Amid Cash Flow Concerns
January 09, 2025 11:19 AM AEDT| By Team Kalkine MediaHighlights,Star Entertainment’s shares,drop,23% due to cash concerns.,Available cash reported at $79 million as of December-end.,Stock value has declined over 67% in the past year.,Shares of Star Entertainment Group (ASX:SGR) tumbled by 23% to a reco...
Wellnex Life Secures Capital to Advance Global Growth Plans
January 09, 2025 11:00 AM AEDT| By Team Kalkine MediaHighlights:,Wellnex Life secures funding to support listing on the London Stock Exchange's AIM.,The capital will strengthen financial stability and support international expansion efforts.,Strategic initiatives position Wellnex for greater exposure i...
Qantas Shares Soar to All-Time High Amid Positive Market Sentiment
January 08, 2025 12:25 PM AEDT| By Team Kalkine MediaHighlights,Record-Breaking Share Price:,Qantas stock hit $9.37, a new all-time high and 52-week record.,Strong 2025 Performance:,Shares are up 4.25% year-to-date and 76% over the past 12 months.,Broker Optimism:,Morgan Stanley’s “overweight” rating a...
Citi Upgrades Amcor (ASX:AMC) to "Buy" Following December Decline
January 07, 2025 01:45 PM AEDT| By Team Kalkine MediaHighlights,Citi has increased its rating on Amcor (AMC) after a recent stock drop.,Amcor's $13 billion acquisition of Berry Group is viewed as a strategic move.,Citi sets a higher price target for Amcor, reflecting optimism about future growth.,In a...
IDP Education Shares Surge After Macquarie Upgrade
January 07, 2025 12:21 PM AEDT| By Team Kalkine MediaHighlights,Stock Surge:,IDP Education's shares rise by 6.1%, reaching AU$13, the highest since November 21, after a,Macquarie upgrade,to "Outperform" from "Neutral.",Positive Outlook:,The upgrade is driven by expectations for,sustainable growth,in st...
Insider Challenges at Wide Open Agriculture (ASX:WOA) Amid Stock Decline
January 06, 2025 07:28 PM AEDT| By Team Kalkine MediaHighlights,Insiders of Wide Open Agriculture (WOA) face a significant decline in their investment value.,Insider ownership stands at 34%, reflecting some alignment with shareholders.,Largest insider purchase last year occurred at a higher price than...
Aristocrat Leisure Shares Rise Amid Continued Casino Business Outperformance
January 06, 2025 01:15 PM AEDT| By Team Kalkine MediaHighlights,Stock Performance Surge: Shares of Aristocrat Leisure (ALL.AX) rose by 0.8%, reaching a high of A$69.92, the highest level since early December 2024.,Analysts Highlight Casino Business Strength: Analysts at Jefferies noted the gaming opera...
AML3D Eyes Role in AUKUS Network with Submarine Manufacturing Milestone
January 06, 2025 11:21 AM AEDT| By Team Kalkine MediaHighlights,AML3D advances its position in the AUKUS alliance by producing copper-nickel parts for Australia’s nuclear submarine program, leveraging its cutting-edge 3D printing technology.,The company’s additive manufacturing process significantly re...
Holista Colltech Appoints Interim CEO as Part of Strategic Restructuring
January 03, 2025 04:39 PM AEDT| By Team Kalkine MediaHighlights,Leadership Transition:,Mr. Leong Man Loong, Holista’s second-largest shareholder, is appointed as Executive Director and Interim CEO to steer the company through current challenges.,Strategic Commitment:,Leong will serve an initial six-mon...
Morgans Highlights Strong Growth Potential for Treasury Wine Estates
January 02, 2025 12:03 PM AEDT| By Team Kalkine MediaHighlights,Acquisition of DAOU Vineyards:,Strengthens Treasury Wine’s premium portfolio and enhances its position in the high-end wine market.,Price Target of AU$14.80:,Morgans sets a price target of AU$14.80, reflecting confidence in the company’s g...
Wizz Air Secures Support Agreement with Pratt & Whitney Amid Ongoing Engine Groundings
December 31, 2024 07:46 PM AEDT| By Team Kalkine MediaHighlights,Wizz Air announces a compensation and support agreement with Pratt & Whitney due to the continued grounding of approximately 40 Airbus A320NEO aircraft.,Agreement covers operational support and direct cost compensation through the end of 2...
Life360 Set to Close 2024 Nearly 200% Higher, Marking Best Year Yet
December 31, 2024 11:24 AM AEDT| By Team Kalkine MediaHighlights,Record Growth,: Life360 shares are on track to end 2024 nearly,200% higher,, driven by surging demand for its family networking app.,Earnings Momentum,: The company upgraded its earnings estimates in August, triggering significant gains an...
Institutional Ownership and Insights into ARB Corporation Limited (ASX:ARB)
December 30, 2024 12:00 AM AEDT| By Team Kalkine MediaHighlights,- Institutions hold a significant 49% stake in ARB Corporation Limited (ARB).,- The company's strong performance has delivered long-term gains to its shareholders.,- Insider ownership signals alignment with broader shareholder interests.,I...
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