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Extended Review Timeline for SkyCity Adelaide: What’s Next?
December 30, 2024 12:00 AM AEDT| By Team Kalkine MediaHighlights,- Extension granted for the independent review of SkyCity Adelaide operations.,- Justice Brian Martin’s report now expected by May 2025.,- Uncertainty surrounds the review's findings and potential implications.,The Liquor and Gambling Comm...
Betmakers Technology Group (ASX:BET): Aiming for Profitability in a Thriving Sector
December 30, 2024 12:00 AM AEDT| By Team Kalkine MediaHighlights,- Betmakers Technology Group (BET) focuses on B2B wagering software and analytics.,- Analysts forecast profitability by 2027 with significant growth expectations.,- The company operates debt-free, supported by shareholder funding.,Betmaker...
Wesfarmers’ Strong Financials Reflect Promising Growth Potential (ASX:WES)
December 30, 2024 12:00 AM AEDT| By Team Kalkine MediaHighlights,- Wesfarmers (WES) demonstrates consistent high returns on capital.,- The company’s reinvestment strategy supports long-term growth.,- Shareholders have seen substantial gains over the years.,Wesfarmers (ASX:WES) has captured the attention...
Range International Secures $575,000 Loan to Boost Cash Flow and Aim for ASX Reinstatement
December 27, 2024 11:20 AM AEDT| By Team Kalkine MediaHighlights,Range International secures AU$575,000 in loan facilities from directors and management.,Funds aim to strengthen the company's cash position and support efforts to regain ASX listing.,Loan terms include a 14% annual interest rate and a two...
Whistleblower Allegations Widen Against Super Retail Group (ASX:SUL)
December 27, 2024 12:00 AM AEDT| By Team Kalkine MediaHighlights,- Multiple whistleblower claims against Super Retail Group (SUL).,- Allegations include workplace bullying and a toxic environment.,- Legal proceedings are set to continue with a trial scheduled for mid-2025.,Super Retail Group (ASX:SUL),...
GenusPlus Secures Major Contract for Tasmanian Renewable Energy Transmission Project
December 24, 2024 11:14 AM AEDT| By Team Kalkine MediaHighlights,Contract Secured:,GenusPlus wins NWTD Stage 1 contract as part of the AU$950 million Project Marinus.,Two-Phase Approach:,ECI Phase valued at AU$42M; Construction Phase set to begin in 2026, with completion by 2029.,Market Impact:,GNP shar...
Is Orora Limited’s (ASX:ORA) Growth Potential Under Pressure?
December 24, 2024 12:00 AM AEDT| By Team Kalkine MediaHighlights,- Orora Limited (ORA) faces challenges with declining earnings.,- The company’s growth outlook lags behind market expectations.,- Analysts predict slower growth for Orora compared to broader market trends.,In the Australian stock market, w...
EOS Secures $34 Million in New Orders, Including Counter-Drone Rocket Systems
December 23, 2024 12:31 PM AEDT| By Team Kalkine MediaHighlights,New Orders:,EOS secures new orders totaling,A$33.7 million,, including counter-drone systems and remote weapon system spares.,European Expansion:,EOS lands a,EUR8.2 million,(A$13.6 million) order from a new Western European customer for Co...
Streamplay Studio Finalises Acquisition of Noodlecake Studios for AU$9.1M
December 23, 2024 12:08 PM AEDT| By Team Kalkine MediaHighlights,Acquisition Completed:,Noodlecake Studios Inc., a North American indie gaming leader, will officially join Streamplay on 01 January 2025.,Acquisition Cost:,Total consideration of,C$8.2M (~AU$9.1M),, with payments structured over three year...
ASX Weekly Market Wrap: No Santa Rally as Key Sectors Decline
December 23, 2024 12:00 AM AEDT| By Team Kalkine MediaHighlights,ASX200 Performance,: The ASX200 fell 2.76% last week, led by a sharp 4.83% decline in the Materials sector. Industrials and Utilities outperformed.,Global Markets,: US indices dropped amid Federal Reserve rate cut concerns, while Europe’s...
Wesfarmers Agrees to Sell Coregas to Nippon Sanso Holdings for AU$770Mn
December 20, 2024 02:25 PM AEDT| By Team Kalkine MediaHighlights,Sale Agreement:,Wesfarmers has reached an agreement to sell its Coregas business to Nippon Sanso Holdings Corporation (NSHD) for $770 million.,Financial Impact:,Wesfarmers anticipates a pre-tax profit of $230 million to $260 million from t...
Wesfarmers (ASX:WES) Plans Coregas Business Sale for Strategic Growth
December 20, 2024 02:18 PM AEDT| By Team Kalkine MediaHighlights,Wesfarmers (WES) announces,Coregas,sale to Nippon Sanso,.,Deal estimated to generate significant pre-tax profit,.,Strategic divestment aligns with portfolio management goals,.,Wesfarmers (ASX:WES) has revealed plans to divest its Coregas b...
Ventia and Telstra Expand Partnership with $2Bn Infrastructure Deal
December 20, 2024 02:17 PM AEDT| By Team Kalkine MediaHighlights,Five-Year Agreement:,Ventia and Telstra sign a $400 million per year deal to enhance Telstra's digital infrastructure.,Comprehensive Services:,The partnership covers design, construction, and maintenance of Telstra’s nationwide fixed netwo...
Quickstep Holdings to Be Acquired by ASDAM in AU$0.575 Per Share Deal
December 20, 2024 02:12 PM AEDT| By Team Kalkine MediaHighlights,Major Acquisition:,Quickstep Holdings agrees to a binding Scheme Implementation Deed (SID) with ASDAM Operations Pty Ltd.,Generous Offer:,Shareholders to receive AU$0.575 per share, a 195% premium to Quickstep's last closing price before t...
Wesfarmers (ASX:WES) to Divest Coregas to Nippon Sanso Holdings for $770 Million
December 20, 2024 01:44 PM AEDT| By Team Kalkine MediaHighlights,Wesfarmers (WES) plans to divest,Coregas,to Nippon Sanso Holdings for $770,m.,The deal is subject to regulatory approvals and expected to conclude by mid-2025,.,Coregas,is a key supplier of industrial, medical, and specialty gases in Austr...
AGL Energy Faces $25 Million Penalty Over Centrepay Issues
December 19, 2024 11:46 AM AEDT| By Team Kalkine MediaHighlights,Federal,Court orders AGL Energy (AGL) to pay a $25 million penalty,.,Breaches involved,Centrepay,refunds and notifications to customers,.,AGL emphasizes improvements in processes since the issue arose,.,The Federal Court has directed subsi...
Transformative Pipeline Project by APA Group to Boost Beetaloo Gas Infrastructure
December 18, 2024 04:51 PM AEDT| By Team Kalkine MediaHighlights,APA Group (APA) secures a significant pipeline project to enhance gas transport from the Beetaloo sub-basin.,Tamboran Resources (TBN) partners with APA Group for the Sturt Plateau Pipeline connection.,New pipeline aims to support energy se...
APA Group (ASX:APA) Faces Share Price Challenges Despite Profitability
December 18, 2024 01:06 PM AEDT| By Team Kalkine MediaHighlights,APA Group (APA) delivered a total shareholder loss of 19% over the past five years,.,Despite moving from losses to profitability, the share price declined by 38%,.,Dividends have supported shareholder returns, highlighting the need for dee...
Viva Leisure Expands Globally with First UK Entry Under Plus Fitness Brand
December 18, 2024 12:49 PM AEDT| By Team Kalkine MediaHighlights:,Viva Leisure (,ASX:VVA,) enters the United Kingdom via a 10-year Master Franchise Agreement for its Plus Fitness brand, marking its maiden international expansion into the region.,The first UK-based Plus Fitness gym is slated to launch in...
Is Treasury Wine Estates (ASX:TWE) Managing Its Debt Effectively?
December 17, 2024 01:36 PM AEDT| By Team Kalkine MediaHighlights,Treasury Wine Estates (TWE) has notable levels of debt on its balance sheet,.,The company’s free cash flow accounts for over half of its EBIT,,indicating,manageable liquidity,.,Recent declines in earnings raise concerns about future debt m...
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