Consumer

Star Entertainment Group (ASX:SGR) Shares Surge 19% on Monday
September 30, 2024 02:38 PM AEST| By Team Kalkine MediaShares in Star Entertainment Group Ltd (ASX:SGR) have surged by 20% as of Monday, currently trading at 30 cents each. This unexpected jump comes amidst a whirlwind of bad news regarding the casino operator's finances and regulatory challenges, leavin...

Woolworths Group (ASX:WOW): Dividend Day for ASX Investors
September 30, 2024 02:32 PM AEST| By Team Kalkine MediaToday marks an important occasion for ASX dividend investors, particularly those holding shares in Woolworths Group Ltd (ASX:WOW), one of the most renowned blue-chip companies on the Australian Securities Exchange. Following the recent announcement r...

Synlait Milk (ASX:SM1) Reports Significant Loss of $172 Million
September 30, 2024 10:41 AM AEST| By Team Kalkine MediaHighlights:,Synlait,Milk (ASX:SM1) reported a $172 million net loss for the year ending July,,representing,a significant downturn from the previous year.,Shareholders approved a $NZ130 million loan in July, and the company raised $NZ218 million in ne...

Premier Investments (ASX:PMV) Shows Strong Balance Sheet Despite Debt Concerns
September 30, 2024 10:23 AM AEST| By Team Kalkine MediaHighlights,Premier Investments holds AU$356.5m net cash.,The company converted 99% of EBIT into free cash flow.,Debt levels appear manageable despite declining EBIT.,Premier Investments Limited,(ASX:PMV),presents a reassuring financial situation desp...

LGI Limited's (ASX:LGI) Fundamentals Remain Strong Despite Stock Dip
September 30, 2024 10:10 AM AEST| By Team Kalkine MediaHighlights,LGI Limited has a strong ROE of 13%, outperforming its industry average.,The company achieved,a 31,% net income growth over the last five years.,LGI is efficiently reinvesting 70% of its profits, leading to continued growth.,Despite a 6.7%...

A2 Milk (ASX:A2M) Pauses Trading as Acquisition Speculation Grows
September 27, 2024 04:50 PM AEST| By Team Kalkine MediaHighlights,A2 Milk halts trading after shares surged nearly 9%.,Potential acquisition discussions behind the trading halt.,China's economic stimulus boosts market, but birthrate remains a challenge.,A2 Milk (ASX:A2M) has moved its shares into a tradi...

Namoi Cotton (ASX:NAM) Takeover by Olam Agri Faces ACCC Hurdles
September 27, 2024 03:03 PM AEST| By Team Kalkine MediaHighlights,ACCC raises competition concerns about Olam Agri's Namoi Cotton bid.,Olam Agri may need to divest assets to proceed with the acquisition.,Namoi shares fell 3.50% after ACCC's statement.,The potential acquisition of Namoi Cotton Ltd (ASX:NA...

Australia’s Grocery Giants Under Scrutiny: ACCC Investigates Land Banking Practices
September 27, 2024 02:09 PM AEST| By Team Kalkine MediaAustralia's grocery landscape is facing intensified scrutiny as the Australian Competition and Consumer Commission (ACCC) investigates whether the country's dominant supermarket chains are engaging in "land banking" practices that may stifle competit...

A Deep Dive into Metcash Limited’s (ASX: MTS) Stock Performance
September 27, 2024 02:03 PM AEST| By Team Kalkine MediaInvesting in stocks can seem daunting, but one of the simplest ways to gain exposure is through exchange-traded funds (ETFs). However, savvy investors know that purchasing quality businesses at the right price can yield significant gains. Metcash Lim...

Understanding Harvey Norman Holdings Limited's Valuation and Insights into the P/E Ratio
September 27, 2024 01:23 PM AEST| By Team Kalkine MediaHighlights,Harvey Norman Holdings Limited features a P/E ratio that appears attractive compared to the broader market.,Recent earnings performance has declined, influencing investor sentiment and expectations.,Future growth projections for Harvey Nor...

Understanding Betmakers Technology Group's Market Position Through Price-to-Sales Ratio
September 27, 2024 12:41 PM AEST| By Team Kalkine MediaHighlights,Betmakers,Technology Group Ltd,exhibits,a low price-to-sales ratio compared to industry peers.,Recent revenue performance raises questions about the company's growth prospects.,Analyzing the P/S ratio offers insights into market,perception...

Aldi Tops Supermarket Affordability in Latest Choice Survey
September 27, 2024 12:00 AM AEST| By Team Kalkine MediaHighlights,- Aldi named most affordable supermarket in Australia.,- Aldi's basket of groceries is A$18 cheaper than Coles and Woolworths.,- Government-backed survey tracks grocery pricing trends.,Aldi has once again been crowned the most affordable s...

Analyzing Recent Performance of Coles Group and Aristocrat Leisure
September 26, 2024 05:11 PM AEST| By Team Kalkine MediaHighlights,Coles Group Ltd shares have surged since the beginning of 2024.,Aristocrat Leisure Limited shares are above their 52-week low.,Coles offers a dividend yield that is slightly below its 5-year average.,The performance of Coles Group Ltd (ASX...

Star Entertainment Reports $1.7 Billion Loss and Plans Significant Cost Cuts
September 26, 2024 04:36 PM AEST| By Team Kalkine MediaHighlights,Star Entertainment posts a billion loss amid rising costs and declining revenue.,The company plans to cut $100 million in costs within six months.,CEO Steve McCann outlines initiatives to improve cash flow and business performance.,Struggl...

High Court of New Zealand Imposes AU$3.81mn Penalty on SkyCity (ASX:SKC) for Anti-Money Laundering Breaches
September 26, 2024 02:49 PM AEST| By Team Kalkine MediaIn a significant ruling, the High Court of New Zealand has levied a civil penalty of NZ$4.16 million (approximately $3.81 million) against SkyCity (ASX:SKC) Casino Management, the operator of SkyCity's casinos in New Zealand. This penalty stems from...

SkyCity Entertainment (ASX:SKC) Navigating Regulatory Challenges
September 26, 2024 02:07 PM AEST| By Team Kalkine MediaHighlights,SkyCity Entertainment has received a fine for breaching anti-money laundering laws.,Despite the penalty, SKC shares saw an increase during trading.,The company is committed to improving compliance and systems moving forward.,SkyCity Entert...

Star Entertainment's (ASX:SGR) Shares Froze at 45cents. What’s Happening?
September 26, 2024 12:52 PM AEST| By Team Kalkine MediaStar Entertainment Group Ltd (ASX:SGR), one of Australia’s leading casino operators, has been in troubled waters for almost a month, with its shares frozen at 45 cents. The reason? The company has been unable to release its FY24 results, raising conc...

ACCC Approves Lendlease Project Sale to Stockland and Supalai
September 26, 2024 09:57 AM AEST| By Team Kalkine MediaThe Australian Competition and Consumer Commission (ACCC) has cleared Stockland (ASX:SGP) and Supalai's proposed acquisition of 12 residential master-planned community projects from Lendlease (ASX:LLC), following a court-enforceable undertaking. This...

Exploring the Shareholder Composition of APA Group (ASX:APA): Insights into Individual and Institutional Ownership
September 25, 2024 02:42 PM AEST| By Team Kalkine MediaAn analysis of the shareholder composition of APA Group (ASX:APA) reveals intriguing insights into the company's ownership dynamics. The most significant group of shareholders is individual investors, who collectively own 56% of the company’s stock....

Metcash (ASX:MTS) Experiences Stagnation in Returns
September 25, 2024 02:38 PM AEST| By Team Kalkine MediaHighlights,Metcash (ASX:MTS) shows stable ROCE of 16%, indicating effective capital reinvestment despite an 87% capital increase over five years.,The company's current liabilities to total assets ratio at 50% signals a high reliance on short-term cre...

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