Feb 22, 2020
Australia’s one of the leading renewable energy producer, Infigen Energy (ASX: IFN) in its half-yearly report showcased effective financial results. The trend of Australian Commercial and Industrial customers shifting towards green energy prompted the increase in Infigen’s renewable energy sales by 17%.
The key financial highlights for the H1FY20 results ending 31 December 2019 are the following:
Feb 22, 2020
Coventry Group Limited (ASX:CYG) updated the market with the half-yearly results for the period ended 31 December 2019.
Feb 22, 2020
On 21 February 2020, ASX in partnership with S&P Dow Jones Indices launched a new technology sector index, the S&P/ASX All Technology Index.
The index is expected to go-live on 24 February 2020 (Monday) with 46 constituents having a combined market capitalisation of more than $100 billion.
Mr Dominic Stevens, CEO and Managing Director, ASX, mentions that there has been around 10 percent of the annualised total return from the S&P/ASX 200 over the three years gone by.
Further, he stated that if the S&P/ASX All Technology Index had existed earlier, it would have returned more than 20 percent for the same timeframe.
Feb 22, 2020
Australia-based leisure and entertainment group, Ardent leisure Group Limited (ASX: ALG) has recorded a rise in sales owing to promotional campaigns and an increased number of business events.
The key financial highlights in the result on 26 weeks like-for-like basis are:
The ALG stock last traded at $ 1.410, gaining 4.059% intraday on 21 February 2020.
Feb 22, 2020
Adairs Limited (ASX:ADH) unveiled its results for the 26 weeks to 29 December 2019 with the following highlights:
Feb 21, 2020
By the end of the trading session on 21 February 2020, the S&P/ASX 200 index settled at 7,139.0, representing a slight drop of 0.33% from its previous close. The indices were influenced by the impact of coronavirus on the global growth and supply chain. Australian dollar also dropped below US$ 66 cents
Most sectors closed in red except sectors like Financials, Financial-x-A-REIT and Banks.
Amongst the various sectors on ASX, Banks was the best performing sector which closed 0.67% above its previous close and settled at 2,564.2.
On the other hand, Energy was the worst performing sector for the day. This sector on 21 February 2020, tumbled by 1.03% and closed at 10,876.2. The shares of big players like Woodside Petroleum (ASX: WPL), Santos (ASX: STO) and Origin Energy (ASX: ORG) dropped by 0.15%, 1.86% and 1.76% respectively. The shares of Origin energy dropped on back of its 1H FY2020 results, reflecting a fall in its statutory profit
Let’s look at the best and worst performing stock for the day.
Feb 21, 2020
On 21 February 2020, New Century Resources Limited (ASX: NCZ) announced the commencement of slurry commissioning of the rougher circuit upgrade. This will permit the Company to bring full capacity of the complete processing plant to be incorporated into operations for the first time.
Thereby, the Company plans to progressively expand from 9Mtpa to 12Mtpa (33 percent throughput increase) for the remaining FY 2020.
At AEST 01:33 PM, the stock was trading at $0.167 per share, up by 1.212%.
Feb 21, 2020
Atlas Arteria (ASX: ALX) has announced that Eiffarie SAS and APRR together refinanced €2.87 billion of debt facilities which includes a €1.07 billion term loan at Eiffarie & a €1.80 billion revolving credit facility at APRR. Both these debt facilities were maturing in February 2022.
Amortisation of the new €1.07 billion term loan at Eiffarie has been delayed till June 2023.
At AEDT 1:37 PM, ALX shares were trading at $8.455, up 1.016% from its previous close.
Feb 21, 2020
Fisher & Paykel Healthcare Corporation Limited (ASX: FPH) has provided an update on its earnings & revenue guidance for FY2020 ending 31 Mar 2020.
As per the market release, during November 2019, the full year guidance for operating revenue based on a NZ:US exchange rate (64 cents) was around $1.19 billion and NPAT was expected to range from ~ $255 million to $265 million.
With an assumption of NZ:US exchange rate of ~64 cents for the remaining part of FY2020, FPH expects its full year operating revenue to be ~ $1.2 billion and NPAT to lie in between ~ $260 million to $270 million.
Feb 21, 2020
Viva Energy Australia Pty Ltd, part of the Viva Energy Group Limited (ASX: VEA), has agreed to sell its entire 35.5% security holding in Viva Energy REIT Limited (ASX: VVR) and after the completion, VEA will have no remaining security holding in VVR.
• VEA is committed to continuing to perform its role as manager and to support VVR, with such services being provided on a cost-recovery basis;
• VVR has a high-quality portfolio of strategically located service station and convenience retail assets which provide a strong and secure income stream for VVR.
At AEST 01:25PM, the VEA stock was trading at $1.860 per share, down by 4.202% from its previous close.
Feb 21, 2020
The Australian Competition & Consumer Commission (or ACCC) announces that the regulator would not oppose the proposed acquisition of Lion Dairy & Drinks Pty Ltd by the Chinese firm Mengniu Dairy Company Ltd. (owner of Bellamy's Australia ((ASX:BAL)).
• The competition regulator closely considered and examined whether the proposed acquisition would have an impact on competition for the purchase of raw milk from dairy farmers in the Gippsland region.
• Mengniu is proposing to acquire Lion D&D’s raw milk processing facilities in Australia, two of which are located in Chelsea and Morwell in Victoria.
Feb 21, 2020
iSignthis Ltd (ASX: ISX) has undertaken a 12.96% strategic investment in NSX Limited through a placement of $4.2 million at a share price of $0.145. NSX will request for shareholder approval to raise an extra $3.8 million-$5.8 million.
• NSX aims to become Australia’s true digital and digitised asset exchange and an Australian Stock Exchange rival;
• NSX offers a stock exchange facility for the listing of corporate debt, equity securities and investment scheme units.
At AEST 12:48PM, the stock was trading at $1.070 per share, currently suspended from trading.
Feb 21, 2020
Village Roadshow Limited (ASX:VRL) announces result for half-year ended 31 December 2019 or HYFY2020.
• The company generated a revenue of $491.24 million, which remained down by 7.3 per cent against the previous corresponding period (pcp).
• The EBITDA for the group during the period stood at $83.6 million (incl. AASB16).
• The net profit after tax (or NPAT) for the group stood at $7.1 million.
Feb 21, 2020
Mayne Pharma Group Limited (ASX: MYX) has released its 1H FY2020 results and has reported a 17% declined in revenue to $227.2 million.
Reported EBITDA dropped by 47% to $34.6 million and underlying EBITDA by 42% to $47.4 million. Due to lower earnings during the period, the company incurred a net loss after tax of $17.5 million.
Net operating cashflow also declined by 14% to $46.2 million.
At AEDT 01:09 PM, MYX shares were trading at $0.380, down 5 % from its previous close.
Feb 21, 2020
Galaxy Resources Limited (ASX: GXY) reported loss after tax for the year ended 31 December 2019 of US$283.7 million. Although, after excluding the non-recurring items, the company reported loss before tax of US$18.9 million primarily due to lower revenue.
• Revenue from operations decreased 55% to US$69.5 million driven by lower spodumene prices and a 17% decrease in volume sold to 132,687 dmt;
• The average realised selling price for spodumene achieved in FY2019 was US$502/dmt, a 46% reduction on FY2018.
At AEST 12:59PM, the stock was trading at $1.070 per share, up by 3.382% from its previous close.
Feb 20, 2020
By the end of the trading session on 20 February 2020, the S&P/ASX 200 index settled at 7,162.5, representing a slight growth of 0.25% from its previous close.
Most sectors closed in green except sectors like Health Care, Information Technology and Emerging Companies Index (TR).
Amongst the various sectors on ASX, Consumer Staples was the best performing sector which closed 0.93% above its previous close and settled at 13,573.
However, Information Technology sector was seen dropping down in past couple of days and remained the worst performing sector for the day.
The Information Technology sector on 20 February 2020, tumbled by 1.74% and closed at 1,509.5. It was mainly influenced by the fall in the share price of big players from this sector like Altium Limited (ASX: ALU) and WiseTech Global Limited (ASX: WTC).
WTC shares dropped by more than 27% on 19 February 2020 and dropped further by 11.78% today to close at $18.88 and is near to its 52 weeks low price.
Let’s look at the best and worst performing stock for the day.
Feb 20, 2020
Perseus Mining Ltd (ASX: PRU) has announced its interim results for the 6 months ending 31 December 2019. The company produced 134,980 ounces of gold in the half year, 4% less than pcp. In the same period AISC decreased by 6% averaging US$942 per ounce of gold produced.
• The company reported net profit after tax of $30.4 million, up from $10.4 million in the previous corresponding half year;
• Operating EBITDA increased by 43%, from a decrease of 25% decrease in the cost of sales.
At AEST 01:34PM the stock was trading at $1.260 per share, up by 2.857% from its previous close.
Feb 20, 2020
BINGO Industries Limited (ASX:BIN) reported a 50.7% growth in its net revenue in its 1H FY2020 results for the period ended 31 December 2019.
At AEST 01:29 PM, BIN shares are trading at $3.02, down 5.625% from the previous close.
Feb 20, 2020
On 20 February 2020, Orica Limited (ASX: ORI) announced the completion of $500 million fully underwritten placement of nearly 23.6 million new fully paid ordinary shares to institutional investors at a placement price of $21.19 per new share.
Orica mentions that a part of proceeds will be used to fund the strategic acquisition of Exsa.
Settlement of the Placement is likely to take place on 24 February 2020, followed by issuance of new shares on 25 February 2020.
In accordance with a share purchase plan, ORI shall also offer its eligible shareholders the opportunity to apply for up to $30,000 of new shares which shall be without charge of any commission, brokerage and transaction costs.
Feb 20, 2020
The Star Entertainment Group Limited (ASX:SGR) reports half-year earnings for the period ended 31 December 2019 (1HFY20).
• The revenue for the period surged by 1.9 per cent against pcp to stand at 1,130.9 million.
• The EBITDA stood at $307.4 million, which remained 3.5 per cent higher against pcp.
• The net profit after tax rose by 2.1 per cent against pcp to stand at $126.4 million.
At AEST 01:05 PM, the SGR stock had gained 3.865% and was noted trading at 4.300.