Live ASX News Today
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16th Sep 08:07 PM AEST
Telstra (ASX:TLS) unveils T25 strategy to deliver higher growth
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16th Sep 08:07 PM AEST
Telstra (ASX:TLS) unveils T25 strategy to deliver higher growth
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16th Sep 07:56 PM AEST
Ingenia (ASX:INA) spread wings across Victoria and Queensland, acquiring property
Image source: © Allx | Megapixl.com
The ASX-listed property company Ingenia Communities Group (ASX:INA) announced that its Development Joint Venture with Sun Communities had secured its fourth acquisition, a 13.5ha. It is a DA-approved greenfield site on the Sunshine Coast. The Group has also acquired Protea Village, a 60-unit senior rental village located in Carrum Downs, forming part of Metropolitan Melbourne.
Owning a DA approval for a 230-home community in place, home construction is expected to begin in early 2023, with the first settlements anticipated in FY24. INA revealed the Median house prices in Nambour and the Sunshine Coast to be AU$480,000 and AU$740,000, respectively.
Meanwhile, INA stock closed a bit higher at AU$6.520 per share today.
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16th Sep 07:56 PM AEST
Ingenia (ASX:INA) spread wings across Victoria and Queensland, acquiring property
Image source: © Allx | Megapixl.com
The ASX-listed property company Ingenia Communities Group (ASX:INA) announced that its Development Joint Venture with Sun Communities had secured its fourth acquisition, a 13.5ha. It is a DA-approved greenfield site on the Sunshine Coast. The Group has also acquired Protea Village, a 60-unit senior rental village located in Carrum Downs, forming part of Metropolitan Melbourne.
Owning a DA approval for a 230-home community in place, home construction is expected to begin in early 2023, with the first settlements anticipated in FY24. INA revealed the Median house prices in Nambour and the Sunshine Coast to be AU$480,000 and AU$740,000, respectively.
Meanwhile, INA stock closed a bit higher at AU$6.520 per share today.
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16th Sep 07:28 PM AEST
Clean Seas Seafood (ASX:CSS) posts gains on strong YTD sales volume in FY22
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16th Sep 07:28 PM AEST
Clean Seas Seafood (ASX:CSS) posts gains on strong YTD sales volume in FY22
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16th Sep 06:30 PM AEST
Neuren (ASX:NEU) gets patent approval for using trofinetide in Brazil
The ASX-listed healthcare company Neuren Pharmaceuticals Limited (ASX:NEU) announced that it has received confirmation that the Brazilian patent office has issued a notice of allowance for Neuren’s first patent in Brazil. The patent covers the treatment of Rett syndrome and autism spectrum disorders using trofinetide.
NEU shared that its US partner Acadia Pharmaceuticals owns an exclusive licence for the development and commercialisation of trofinetide in North America. Additionally, Neuren has retained all rights outside North America and has free and full access to all data for use in countries outside North America.
Meanwhile, on the ASX, the NEU stock closed a tad lower at AU$2.100 per share today.
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16th Sep 06:30 PM AEST
Neuren (ASX:NEU) gets patent approval for using trofinetide in Brazil
The ASX-listed healthcare company Neuren Pharmaceuticals Limited (ASX:NEU) announced that it has received confirmation that the Brazilian patent office has issued a notice of allowance for Neuren’s first patent in Brazil. The patent covers the treatment of Rett syndrome and autism spectrum disorders using trofinetide.
NEU shared that its US partner Acadia Pharmaceuticals owns an exclusive licence for the development and commercialisation of trofinetide in North America. Additionally, Neuren has retained all rights outside North America and has free and full access to all data for use in countries outside North America.
Meanwhile, on the ASX, the NEU stock closed a tad lower at AU$2.100 per share today.
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16th Sep 06:29 PM AEST
Austal (ASX:ASB) appoints Rusty Murdaugh as the new President
The ASX-listed vessel builder Austal Limited (ASX:ASB) announced that the Board had appointed Rusty Murdaugh as the President of Austal USA.
The role is effective from 9 September 2021.
The announcement stated that Murdaugh joined Austal USA in 2017 as Chief Financial Officer. In addition, he has been serving as interim President of the Company since February 2021.
ASB has also informed that Murdaugh is a veteran of the defence industry in the United States. In addition, he brings sound business knowledge and superior fiscal management skills to Austal USA. Other than Austal, he held leadership positions with Esterline Corporation, Avnet, United Technologies (formerly Goodrich), and Honeywell.
Meanwhile, on the ASX, the ASB stock closed 2.670% higher at AU$1.730 per share today.
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16th Sep 06:29 PM AEST
Austal (ASX:ASB) appoints Rusty Murdaugh as the new President
The ASX-listed vessel builder Austal Limited (ASX:ASB) announced that the Board had appointed Rusty Murdaugh as the President of Austal USA.
The role is effective from 9 September 2021.
The announcement stated that Murdaugh joined Austal USA in 2017 as Chief Financial Officer. In addition, he has been serving as interim President of the Company since February 2021.
ASB has also informed that Murdaugh is a veteran of the defence industry in the United States. In addition, he brings sound business knowledge and superior fiscal management skills to Austal USA. Other than Austal, he held leadership positions with Esterline Corporation, Avnet, United Technologies (formerly Goodrich), and Honeywell.
Meanwhile, on the ASX, the ASB stock closed 2.670% higher at AU$1.730 per share today.
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16th Sep 06:29 PM AEST
DomaCom (ASX:DCL) Funds Under Management climbs to A$90 million
The ASX-listed financial service provider DomaCom Limited (ASX:DCL) shared today that the Company’s funds have continued to grow over recent months with the Funds Under Management reaching the milestone level of AU$90 million in mid-September.
The FUM has grown by AU$12.7 million or by 16.4% since the start of May 2021.
According to DCL, this strong FUM growth was primarily driven by increased adviser syndications for NDIS transactions executed through DomaCom’s fractional investment platform. These deals have delivered high yielding income returns. They have also represented attractive ESG investments.
Meanwhile, on the ASX, the DCL stock closed at AU$0.065 per share today.
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16th Sep 06:29 PM AEST
DomaCom (ASX:DCL) Funds Under Management climbs to A$90 million
The ASX-listed financial service provider DomaCom Limited (ASX:DCL) shared today that the Company’s funds have continued to grow over recent months with the Funds Under Management reaching the milestone level of AU$90 million in mid-September.
The FUM has grown by AU$12.7 million or by 16.4% since the start of May 2021.
According to DCL, this strong FUM growth was primarily driven by increased adviser syndications for NDIS transactions executed through DomaCom’s fractional investment platform. These deals have delivered high yielding income returns. They have also represented attractive ESG investments.
Meanwhile, on the ASX, the DCL stock closed at AU$0.065 per share today.
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16th Sep 05:54 PM AEST
Why Karoon (ASX:KAR) shares closed strong today
The share price of ASX-listed oil and gas exploration company Karoon Energy Ltd (ASX:KAR) closed 5.494% higher at AU$1.440 per share today.
Karoon shared its 100% owned branch, KEI (Peru Z-38) Pty Ltd, Sucursal del Peru, has entered into a deed of settlement and release concerning its dispute with Pitkin Petroleum Peru Z-38 SRL in respect of Block Z-38, offshore Peru.
Under the deed of settlement, Karoon has agreed to pay US$9.6 million to Pitkin without any admission of liability, in full and final settlement of all claims of Pitkin and its associates connected with Block Z-38.
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16th Sep 05:54 PM AEST
Why Karoon (ASX:KAR) shares closed strong today
The share price of ASX-listed oil and gas exploration company Karoon Energy Ltd (ASX:KAR) closed 5.494% higher at AU$1.440 per share today.
Karoon shared its 100% owned branch, KEI (Peru Z-38) Pty Ltd, Sucursal del Peru, has entered into a deed of settlement and release concerning its dispute with Pitkin Petroleum Peru Z-38 SRL in respect of Block Z-38, offshore Peru.
Under the deed of settlement, Karoon has agreed to pay US$9.6 million to Pitkin without any admission of liability, in full and final settlement of all claims of Pitkin and its associates connected with Block Z-38.
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16th Sep 05:35 PM AEST
Lotus (ASX:LOT) reports drilling at Milenje Hills Rare Earth Prospect
The ASX-listed mining company Lotus Resources Limited (ASX:LOT) announced the commencement of exploration activities at the Milenje Hills Rare Earth Prospect, including reverse circulation drilling.
Key highlights:
- LOT’s exploration program incorporates additional geophysics, mapping and trenching, and an RC drill program.
- As per the announcement, the exploration program has followed the discovery of high-grade, shallow REO material of up to 16% TREO and up to 3.4% critical REOs (Dy, Eu, Nd, Pr, Tb, Y oxides) at Milenje Hills earlier this year.
Meanwhile, LOT closed 1.5% higher at AU$0.320 per share today.
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16th Sep 05:35 PM AEST
Lotus (ASX:LOT) reports drilling at Milenje Hills Rare Earth Prospect
The ASX-listed mining company Lotus Resources Limited (ASX:LOT) announced the commencement of exploration activities at the Milenje Hills Rare Earth Prospect, including reverse circulation drilling.
Key highlights:
- LOT’s exploration program incorporates additional geophysics, mapping and trenching, and an RC drill program.
- As per the announcement, the exploration program has followed the discovery of high-grade, shallow REO material of up to 16% TREO and up to 3.4% critical REOs (Dy, Eu, Nd, Pr, Tb, Y oxides) at Milenje Hills earlier this year.
Meanwhile, LOT closed 1.5% higher at AU$0.320 per share today.
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16th Sep 05:35 PM AEST
Okapi (ASX:OKR) reports exceptional drilling results from its recent programme
Image source: © Bendicks | Megapixl.com
Metals and mining company Okapi Resources Limited (ASX:OKR) shared that it has intersected significant, thick, shallow gold mineralisation in its maiden drilling program at its 100% owned Enmore Gold Project at northern New South Wales.
Key highlights:
- OKR has reported remarkable results, including 174m @ 1.83 g/t gold, from the surface, with this hole, OSSRC06, and the deepest interval returning 3m @ 8.86 g/t gold from 171m to EOH.
- OKR is further planning a follow-up exploration programme underway to delineate a maiden JORC Resource.
- Okapi has also shared that its core focus is to continue advancing its recently acquired portfolio of advanced, high-grade uranium assets in the United States of America.
Meanwhile, on the ASX, the OKR stock closed 2.963% lower at AU$0.655 per share today.
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16th Sep 05:35 PM AEST
Okapi (ASX:OKR) reports exceptional drilling results from its recent programme
Image source: © Bendicks | Megapixl.com
Metals and mining company Okapi Resources Limited (ASX:OKR) shared that it has intersected significant, thick, shallow gold mineralisation in its maiden drilling program at its 100% owned Enmore Gold Project at northern New South Wales.
Key highlights:
- OKR has reported remarkable results, including 174m @ 1.83 g/t gold, from the surface, with this hole, OSSRC06, and the deepest interval returning 3m @ 8.86 g/t gold from 171m to EOH.
- OKR is further planning a follow-up exploration programme underway to delineate a maiden JORC Resource.
- Okapi has also shared that its core focus is to continue advancing its recently acquired portfolio of advanced, high-grade uranium assets in the United States of America.
Meanwhile, on the ASX, the OKR stock closed 2.963% lower at AU$0.655 per share today.
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16th Sep 05:18 PM AEST
Jatcorp’s (ASX:JAT) Diabetic Formula gets approved in South Korea
Image Source: © Kaspiic | Megapixl.com
Highlights
- Jatcorp’s Jinvigorate Diabetic Formula has obtained a go-ahead from the South Korean Government for its usage as a medical food in the hospitals and clinics.
Retailing firm Jatcorp Limited (ASX:JAT) announced that the South Korean Government via its regulatory authority, the Ministry of Food and Drug Safety, has given the nod to Jatcorp's Jinvigorate Diabetic Formula to be treated a medical food in South Korean hospitals and clinics.
Jinvigorate Diabetic Formula is a unique food supplement developed by JAT. The product is Low GI certified by the GI Foundation, has been specifically designed to support the nutritional requirements of people with diabetes who cannot meet their dietary needs through diet change alone. It provides several vitamins and minerals and Chestnut Astringent Skin Extract, all the right ingredients for people with diabetes. Jatcorp’s ANMA factory in Melbourne, Victoria is manufacturing Jinvigorate Diabetic Formula.
According to today’s announcement, Jatcorp will finish the artwork and packaging for the Jinvigorate Diabetic Formula using the Korean language to abide by the requirements of MFDS and prepare for export.
Bottom Line
The approval by the regulatory authority is an important milestone for Jinvigorate Diabetic Formula to be recognised as a product recommended by doctors or professional medical practitioners to diabetic patients. The Company believes that the recent approval will drive product sales opportunities and increase product sales channels.
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16th Sep 05:18 PM AEST
Jatcorp’s (ASX:JAT) Diabetic Formula gets approved in South Korea
Image Source: © Kaspiic | Megapixl.com
Highlights
- Jatcorp’s Jinvigorate Diabetic Formula has obtained a go-ahead from the South Korean Government for its usage as a medical food in the hospitals and clinics.
Retailing firm Jatcorp Limited (ASX:JAT) announced that the South Korean Government via its regulatory authority, the Ministry of Food and Drug Safety, has given the nod to Jatcorp's Jinvigorate Diabetic Formula to be treated a medical food in South Korean hospitals and clinics.
Jinvigorate Diabetic Formula is a unique food supplement developed by JAT. The product is Low GI certified by the GI Foundation, has been specifically designed to support the nutritional requirements of people with diabetes who cannot meet their dietary needs through diet change alone. It provides several vitamins and minerals and Chestnut Astringent Skin Extract, all the right ingredients for people with diabetes. Jatcorp’s ANMA factory in Melbourne, Victoria is manufacturing Jinvigorate Diabetic Formula.
According to today’s announcement, Jatcorp will finish the artwork and packaging for the Jinvigorate Diabetic Formula using the Korean language to abide by the requirements of MFDS and prepare for export.
Bottom Line
The approval by the regulatory authority is an important milestone for Jinvigorate Diabetic Formula to be recognised as a product recommended by doctors or professional medical practitioners to diabetic patients. The Company believes that the recent approval will drive product sales opportunities and increase product sales channels.
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16th Sep 04:58 PM AEST
Jupiter Energy (ASX:JPR) closes 82% higher today. Here’s why
Image source: © Eyeidea | Megapixl.com
The ASX-listed oil explorer and production company Jupiter Energy Limited (ASX:JPR) shared an update that it has signed a legally binding Framework Agreement with Sleipnir Technologies LLP.
Sleipnir is a Kazakh registered company that deals with oil trading and the design and development of oilfield infrastructure.
According to the agreement, Sleipnir agrees to work with Jupiter Energy in a Project Management capacity, assisting in developing a detailed Project Development Plan to achieve 100% gas utilisation on all three of the Company’s oilfields in Phase 1.
The release mentioned that in Phase 2, Sleipnir will continue to play an active role in the proposed construction phase. In addition, when the plan gets approved by the Kazakh Ministry of Energy, it will also assist Jupiter with any regulatory approvals required during Phase 2.
Meanwhile, on the ASX, the JPR stock closed 82.857% higher at AU$0.064 per share today.
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16th Sep 04:58 PM AEST
Jupiter Energy (ASX:JPR) closes 82% higher today. Here’s why
Image source: © Eyeidea | Megapixl.com
The ASX-listed oil explorer and production company Jupiter Energy Limited (ASX:JPR) shared an update that it has signed a legally binding Framework Agreement with Sleipnir Technologies LLP.
Sleipnir is a Kazakh registered company that deals with oil trading and the design and development of oilfield infrastructure.
According to the agreement, Sleipnir agrees to work with Jupiter Energy in a Project Management capacity, assisting in developing a detailed Project Development Plan to achieve 100% gas utilisation on all three of the Company’s oilfields in Phase 1.
The release mentioned that in Phase 2, Sleipnir will continue to play an active role in the proposed construction phase. In addition, when the plan gets approved by the Kazakh Ministry of Energy, it will also assist Jupiter with any regulatory approvals required during Phase 2.
Meanwhile, on the ASX, the JPR stock closed 82.857% higher at AU$0.064 per share today.
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16th Sep 04:57 PM AEST
Redcape (ASX:RDC) not to pay a distribution for the first quarter
The ASX-listed hospitality provider Redcape Hotel Group (ASX:RDC) announced that due to the impact on trading from ongoing venue closures as outlined in its FY21 results on 18 August 2021, the Board has decided not to pay a distribution for the first quarter ending 30 September 2021.
RDC has revealed that the Group has secured a good position for a return to trading when operating restrictions ease and will continue to assess quarterly distributions based on trading performance.
Meanwhile, on the ASX, the RDC stock closed at AU$1.130 per share.
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16th Sep 04:57 PM AEST
Redcape (ASX:RDC) not to pay a distribution for the first quarter
The ASX-listed hospitality provider Redcape Hotel Group (ASX:RDC) announced that due to the impact on trading from ongoing venue closures as outlined in its FY21 results on 18 August 2021, the Board has decided not to pay a distribution for the first quarter ending 30 September 2021.
RDC has revealed that the Group has secured a good position for a return to trading when operating restrictions ease and will continue to assess quarterly distributions based on trading performance.
Meanwhile, on the ASX, the RDC stock closed at AU$1.130 per share.
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16th Sep 04:56 PM AEST
Orion (ASX:ORN) join forces with South Africa's IDC to develop Okiep Copper Project
Image source: © Michaeldb | Megapixl.com
The ASX-listed mineral exploration company Orion Minerals Limited (ASX:ORN) announced that its recently acquired Okiep Copper Project had received a significant boost as the Industrial Development Corporation of South Africa Limited has intended to become a critical strategic partner in the OCP's future development.
The Okiep Copper Project is situated approximately 570km towards the north of Cape Town in the Northern Cape Province of South Africa.
ORN shared via the announcement that IDC is a 43.75% shareholder in Southern African Tantalum Mining (Pty) Ltd (SAFTA). SAFTA is one of the entities subject to Orion's original option agreement over the OCP announced in February.
The announcement also stated that IDC has approved the SAFTA shareholder resolution concerning SAFTA's OCP assets to New Okiep Mining Co.
Meanwhile, on the ASX, the ORN stock closed at AU$0.027 per share.
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16th Sep 04:56 PM AEST
Orion (ASX:ORN) join forces with South Africa's IDC to develop Okiep Copper Project
Image source: © Michaeldb | Megapixl.com
The ASX-listed mineral exploration company Orion Minerals Limited (ASX:ORN) announced that its recently acquired Okiep Copper Project had received a significant boost as the Industrial Development Corporation of South Africa Limited has intended to become a critical strategic partner in the OCP's future development.
The Okiep Copper Project is situated approximately 570km towards the north of Cape Town in the Northern Cape Province of South Africa.
ORN shared via the announcement that IDC is a 43.75% shareholder in Southern African Tantalum Mining (Pty) Ltd (SAFTA). SAFTA is one of the entities subject to Orion's original option agreement over the OCP announced in February.
The announcement also stated that IDC has approved the SAFTA shareholder resolution concerning SAFTA's OCP assets to New Okiep Mining Co.
Meanwhile, on the ASX, the ORN stock closed at AU$0.027 per share.
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16th Sep 04:38 PM AEST
ASX ends 0.6% higher; Jobless rate drops to 4.5%; Chalice Mining leads
The Australian shares closed higher on Thursday, reversing previous session losses, tracking firm global cues, while investors also cheered easing of some COVID-19 lockdown restrictions. The market also got a boost from higher commodity prices and defence deal between the US, UK and Australia. Adding to it, investors reacted positively to the jobless data.
The benchmark index, the ASX 200, ended 43.20 points or 0.58% higher at 7,460.20. Early today, the index opened higher and rose as much as 0.95% to hit an intraday high of 7,387 points.
In a rare sight, all 11 sectors ended in positive terrain. The energy sector was the biggest gainer, rising 1.2% on spurt in crude oil prices. It was followed by the health care sector, which gained 0.9%.
Among others, A-REIT, material, financial, industrial, utilities and telecom settled with modest gain. Information technology and consumer staples also ended marginally higher, paring early losses.
On the economy front, Australia’s unemployment rate declined to 4.5% in August, data released Thursday showed. The fall in jobless rate was lower as compared to 4.6% a month earlier and analysts’ forecast of 4.9%. The drop in jobless rate was reported despite lockdowns in New South Wales and Victoria which forced businesses to lay off workers. The data from the Australian Bureau of Statistics (ABS) showed employment fell by 146,000 in August, compared to economists’ forecasts of a drop of 80,000.
The top gainer on the ASX pack was gold miner Chalice Mining (ASX:CHN), which ended 5.8% higher. Some of the other top performers were chemicals business Incitec Pivot (ASX:IPL), insurance broking firm AUB Group (ASX: AUB), natural resources developer South32 (ASX:S32) and health care firm Healius (ASX: HLS).
Meanwhile, online retailer Redbubble (ASX: RBL) topped the losers’ chart by falling 6.7%. Some of the other notable losers were investment firm Washington H. Soul Pattinson (ASX:SOL), lithium miner Pilbara Minerals (ASX: PLS), corporate bookmaker PointsBet Holdings (ASX: PBH) and miner Orocobre (ASX: ORE).
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16th Sep 04:38 PM AEST
ASX ends 0.6% higher; Jobless rate drops to 4.5%; Chalice Mining leads
The Australian shares closed higher on Thursday, reversing previous session losses, tracking firm global cues, while investors also cheered easing of some COVID-19 lockdown restrictions. The market also got a boost from higher commodity prices and defence deal between the US, UK and Australia. Adding to it, investors reacted positively to the jobless data.
The benchmark index, the ASX 200, ended 43.20 points or 0.58% higher at 7,460.20. Early today, the index opened higher and rose as much as 0.95% to hit an intraday high of 7,387 points.
In a rare sight, all 11 sectors ended in positive terrain. The energy sector was the biggest gainer, rising 1.2% on spurt in crude oil prices. It was followed by the health care sector, which gained 0.9%.
Among others, A-REIT, material, financial, industrial, utilities and telecom settled with modest gain. Information technology and consumer staples also ended marginally higher, paring early losses.
On the economy front, Australia’s unemployment rate declined to 4.5% in August, data released Thursday showed. The fall in jobless rate was lower as compared to 4.6% a month earlier and analysts’ forecast of 4.9%. The drop in jobless rate was reported despite lockdowns in New South Wales and Victoria which forced businesses to lay off workers. The data from the Australian Bureau of Statistics (ABS) showed employment fell by 146,000 in August, compared to economists’ forecasts of a drop of 80,000.
The top gainer on the ASX pack was gold miner Chalice Mining (ASX:CHN), which ended 5.8% higher. Some of the other top performers were chemicals business Incitec Pivot (ASX:IPL), insurance broking firm AUB Group (ASX: AUB), natural resources developer South32 (ASX:S32) and health care firm Healius (ASX: HLS).
Meanwhile, online retailer Redbubble (ASX: RBL) topped the losers’ chart by falling 6.7%. Some of the other notable losers were investment firm Washington H. Soul Pattinson (ASX:SOL), lithium miner Pilbara Minerals (ASX: PLS), corporate bookmaker PointsBet Holdings (ASX: PBH) and miner Orocobre (ASX: ORE).
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16th Sep 03:56 PM AEST
Healthia (ASX:HLA) gains substantially on new acquisition announcements
Image source: © Wavebreakmediamicro | Megapixl.com
The ASX-listed healthcare company Healthia Limited (ASX:HLA) shared details about a binding agreement to acquire Rothwell Physiotherapy. Rothwell is a business offering physiotherapy services Based out of North Brisbane, and it services the wider Moreton Bay region.
Key highlights:
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The acquisition of Rothwell Physiotherapy will contribute additional revenue and EBITDA of AU$2.13 million and AU$0.36 million, respectively.
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Followed by the recent acquisition announcements of AllCare Physiotherapy, John Holme Optometry, and Anytime Physio, the Company’s revenue and EBITDA are added by AU$3.95 million and AU$0.64 million EBITDA, respectively.
Meanwhile, on the ASX, the HLA stock was spotted trading 9.722% higher at AU$1.975 per share at 3:50 PM AEST.
Image source: © Wavebreakmediamicro | Megapixl.com
The ASX-listed healthcare company Healthia Limited (ASX:HLA) shared details about a binding agreement to acquire Rothwell Physiotherapy. Rothwell is a business offering physiotherapy services Based out of North Brisbane, and it services the wider Moreton Bay region.
Key highlights:
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The acquisition of Rothwell Physiotherapy will contribute additional revenue and EBITDA of AU$2.13 million and AU$0.36 million, respectively.
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Followed by the recent acquisition announcements of AllCare Physiotherapy, John Holme Optometry, and Anytime Physio, the Company’s revenue and EBITDA are added by AU$3.95 million and AU$0.64 million EBITDA, respectively.
Meanwhile, on the ASX, the HLA stock was spotted trading 9.722% higher at AU$1.975 per share at 3:50 PM AEST.
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16th Sep 03:56 PM AEST
Healthia (ASX:HLA) gains substantially on new acquisition announcements
Image source: © Wavebreakmediamicro | Megapixl.com
The ASX-listed healthcare company Healthia Limited (ASX:HLA) shared details about a binding agreement to acquire Rothwell Physiotherapy. Rothwell is a business offering physiotherapy services Based out of North Brisbane, and it services the wider Moreton Bay region.
Key highlights:
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The acquisition of Rothwell Physiotherapy will contribute additional revenue and EBITDA of AU$2.13 million and AU$0.36 million, respectively.
-
Followed by the recent acquisition announcements of AllCare Physiotherapy, John Holme Optometry, and Anytime Physio, the Company’s revenue and EBITDA are added by AU$3.95 million and AU$0.64 million EBITDA, respectively.
Meanwhile, on the ASX, the HLA stock was spotted trading 9.722% higher at AU$1.975 per share at 3:50 PM AEST.
Image source: © Wavebreakmediamicro | Megapixl.com
The ASX-listed healthcare company Healthia Limited (ASX:HLA) shared details about a binding agreement to acquire Rothwell Physiotherapy. Rothwell is a business offering physiotherapy services Based out of North Brisbane, and it services the wider Moreton Bay region.
Key highlights:
-
The acquisition of Rothwell Physiotherapy will contribute additional revenue and EBITDA of AU$2.13 million and AU$0.36 million, respectively.
-
Followed by the recent acquisition announcements of AllCare Physiotherapy, John Holme Optometry, and Anytime Physio, the Company’s revenue and EBITDA are added by AU$3.95 million and AU$0.64 million EBITDA, respectively.
Meanwhile, on the ASX, the HLA stock was spotted trading 9.722% higher at AU$1.975 per share at 3:50 PM AEST.
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16th Sep 03:55 PM AEST
Volpara (ASX:VHT) to invest in RevealDx Lung Cancer AI
Image source: © Sirawitmarch | Megapixl.com
The ASX-listed healthcare company, Volpara Health Technologies (ASX:VHT) announced that it has further expanded in the US lung screening market with a strategic relationship with Seattle-based lung AI company RevealDx.
RevealDx is one of the leaders in applying AI for lung nodule diagnosis (the task after detection) with their RevealAI-Lung product.
Key highlights:
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VHT has mentioned that this partnership will allow lung cancer screening programs access to expanded services for patient reporting and tracking through to AI for detection and diagnosis.
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Volpara will invest US$250,000 into RevealDx through a convertible note.
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Volpara would also receive non-exclusive rights to sell the RevealAI-Lung product into the US and exclusive rights to sell RevealAI-Lung into Australia and New Zealand.
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The total available market for lung AI screening has been estimated to be up to US$750 million globally once screening programs ramp up.
Meanwhile on the ASX, the VHT stock was spotted trading at AU$1.225 per share at 2.21 PM AEST.
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16th Sep 03:55 PM AEST
Volpara (ASX:VHT) to invest in RevealDx Lung Cancer AI
Image source: © Sirawitmarch | Megapixl.com
The ASX-listed healthcare company, Volpara Health Technologies (ASX:VHT) announced that it has further expanded in the US lung screening market with a strategic relationship with Seattle-based lung AI company RevealDx.
RevealDx is one of the leaders in applying AI for lung nodule diagnosis (the task after detection) with their RevealAI-Lung product.
Key highlights:
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VHT has mentioned that this partnership will allow lung cancer screening programs access to expanded services for patient reporting and tracking through to AI for detection and diagnosis.
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Volpara will invest US$250,000 into RevealDx through a convertible note.
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Volpara would also receive non-exclusive rights to sell the RevealAI-Lung product into the US and exclusive rights to sell RevealAI-Lung into Australia and New Zealand.
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The total available market for lung AI screening has been estimated to be up to US$750 million globally once screening programs ramp up.
Meanwhile on the ASX, the VHT stock was spotted trading at AU$1.225 per share at 2.21 PM AEST.
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16th Sep 03:48 PM AEST
AnteoTech (ASX:ADO) cements EuGeni distribution deal for Greece and Cyprus
Image source: © Moussa81 | Megapixl.com
ASX-listed healthcare giant, AnteoTech Ltd (ASX:ADO), shared today that it has signed a Distribution agreement with Ramma Dental SA. The agreement will allow the distribution of the EuGeni Reader platform and SARS-CoV-2 Antigen Rapid Diagnostic Test for Greece and Cyprus.
Key terms of the agreement:
- ADO has stated that the agreement would commence from 1 October 2021. There are no conditions before the agreement.
- Initially, the agreement allows distribution for three years. However, it can be renewed for a further two years after the initial term upon mutual agreement.
- As far as government or large enterprise tender opportunities are concerned, the agreement allows AnteoTech and Ramma Dental to work together to assess each tender opportunity on a case-by-case basis.
- The agreement enables ADO to distribute only in Greece and Cyprus.
Meanwhile, on the ASX, the ADO stock was spotted trading 7.142% higher at AU$0.225 per share at 2:54 PM AEST.
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16th Sep 03:48 PM AEST
AnteoTech (ASX:ADO) cements EuGeni distribution deal for Greece and Cyprus
Image source: © Moussa81 | Megapixl.com
ASX-listed healthcare giant, AnteoTech Ltd (ASX:ADO), shared today that it has signed a Distribution agreement with Ramma Dental SA. The agreement will allow the distribution of the EuGeni Reader platform and SARS-CoV-2 Antigen Rapid Diagnostic Test for Greece and Cyprus.
Key terms of the agreement:
- ADO has stated that the agreement would commence from 1 October 2021. There are no conditions before the agreement.
- Initially, the agreement allows distribution for three years. However, it can be renewed for a further two years after the initial term upon mutual agreement.
- As far as government or large enterprise tender opportunities are concerned, the agreement allows AnteoTech and Ramma Dental to work together to assess each tender opportunity on a case-by-case basis.
- The agreement enables ADO to distribute only in Greece and Cyprus.
Meanwhile, on the ASX, the ADO stock was spotted trading 7.142% higher at AU$0.225 per share at 2:54 PM AEST.
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16th Sep 03:46 PM AEST
AMP Limited (ASX:AMP) launches small shareholding sale facility, shares gain on ASX
The ASX-listed blue-chip wealth management system AMP Limited (ASX:AMP) announced that it has established a Small Shareholding Sale Facility. This sale applies only to shareholders who hold less than AU$500 of fully paid ordinary shares. The Sale Facility would allow eligible AMP shareholders to sell their small shareholdings without incurring any brokerage costs.
The announcement has clarified that the sale facility is available only to those AMP shareholders who held between 1 and 442 AMP Shares on Friday 27 August 2021, based on the ASX closing price of AU$1.13 per share.
Meanwhile, on the ASX, the AMP stock was spotted trading a tad bit higher at AU$1.002 per share at 3:40 PM AEST.
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16th Sep 03:46 PM AEST
AMP Limited (ASX:AMP) launches small shareholding sale facility, shares gain on ASX
The ASX-listed blue-chip wealth management system AMP Limited (ASX:AMP) announced that it has established a Small Shareholding Sale Facility. This sale applies only to shareholders who hold less than AU$500 of fully paid ordinary shares. The Sale Facility would allow eligible AMP shareholders to sell their small shareholdings without incurring any brokerage costs.
The announcement has clarified that the sale facility is available only to those AMP shareholders who held between 1 and 442 AMP Shares on Friday 27 August 2021, based on the ASX closing price of AU$1.13 per share.
Meanwhile, on the ASX, the AMP stock was spotted trading a tad bit higher at AU$1.002 per share at 3:40 PM AEST.
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16th Sep 03:44 PM AEST
Vulcan (ASX:VUL) completes A$200 million placement
Image source: © Billyfoto | Megapixl.com
The ASX-listed exploration company Vulcan Energy Resources Limited (ASX:VUL) announced that it has completed AU$200 million underwritten placement of new fully paid ordinary shares to investors at an offer price of AU$13.50 per New Share.
The Company has already considered expanding its dual renewable energy and Lithium development strategy.
Key highlights:
- VUL has shared that its Share Purchase Plan would open on 24 September 2021 and will be available to eligible existing Vulcan shareholders to raise a further AU$20 million.
- VUL’s proceeds from the offer would support its goal of becoming the world’s first fully integrated renewable energy and Zero Carbon Lithium Company, with Phase 1 production targeted for CY2024.
- According to the announcement, the offer has coincided with Vulcan’s inclusion in the S&P/ASX300 Index, which would take place on 17 September 2021.
Meanwhile, on the ASX, the VUL stock was trading 7.359% lower at AU$14.730 per share at 3:00 PM AEST.
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16th Sep 03:44 PM AEST
Vulcan (ASX:VUL) completes A$200 million placement
Image source: © Billyfoto | Megapixl.com
The ASX-listed exploration company Vulcan Energy Resources Limited (ASX:VUL) announced that it has completed AU$200 million underwritten placement of new fully paid ordinary shares to investors at an offer price of AU$13.50 per New Share.
The Company has already considered expanding its dual renewable energy and Lithium development strategy.
Key highlights:
- VUL has shared that its Share Purchase Plan would open on 24 September 2021 and will be available to eligible existing Vulcan shareholders to raise a further AU$20 million.
- VUL’s proceeds from the offer would support its goal of becoming the world’s first fully integrated renewable energy and Zero Carbon Lithium Company, with Phase 1 production targeted for CY2024.
- According to the announcement, the offer has coincided with Vulcan’s inclusion in the S&P/ASX300 Index, which would take place on 17 September 2021.
Meanwhile, on the ASX, the VUL stock was trading 7.359% lower at AU$14.730 per share at 3:00 PM AEST.
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16th Sep 03:17 PM AEST
Why is Westpac (ASX:WBC) trending today
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16th Sep 03:17 PM AEST
Why is Westpac (ASX:WBC) trending today
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16th Sep 03:02 PM AEST
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16th Sep 03:02 PM AEST
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16th Sep 02:30 PM AEST
BARD1 (ASX:BRD) announces appointment of Gregory Rice as Chief Scientific Officer
The ASX-listed health care company, BARD1 Life Sciences Limited (ASX:BD1), announced the appointment of Gregory Rice as the Chief Scientific Officer (CSO). It is effective from 20 September 2021.
Key highlights:
- Rice has vast commercial and academic experience along with expertise in biomarker discovery, IP, diagnostics development, quality.
- Rice is also experienced with regulatory compliance and has a track record in developing and commercialising diagnostic tests.
- BD1 has also shared that Peter French would take up the consulting role as Strategic Technology Advisor and continue to support the Company’s R&D programs.
Meanwhile, on the ASX, the BD1 stock was spotted trading a tad bit lower at AU$1.305 per share at 2:00 PM AEST.
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16th Sep 02:30 PM AEST
BARD1 (ASX:BRD) announces appointment of Gregory Rice as Chief Scientific Officer
The ASX-listed health care company, BARD1 Life Sciences Limited (ASX:BD1), announced the appointment of Gregory Rice as the Chief Scientific Officer (CSO). It is effective from 20 September 2021.
Key highlights:
- Rice has vast commercial and academic experience along with expertise in biomarker discovery, IP, diagnostics development, quality.
- Rice is also experienced with regulatory compliance and has a track record in developing and commercialising diagnostic tests.
- BD1 has also shared that Peter French would take up the consulting role as Strategic Technology Advisor and continue to support the Company’s R&D programs.
Meanwhile, on the ASX, the BD1 stock was spotted trading a tad bit lower at AU$1.305 per share at 2:00 PM AEST.
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16th Sep 02:27 PM AEST
EMVision (ASX:EMV) signs A$8M funding deal with Australian Stroke Alliance
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16th Sep 02:27 PM AEST
EMVision (ASX:EMV) signs A$8M funding deal with Australian Stroke Alliance
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16th Sep 02:23 PM AEST
ASX up 0.7% on energy, miners boost; API, Austal, Myer surge
The Australian share market was in upbeat mood on Thursday as firm global cues and rise in commodity prices boosted the sentiment. The equity market witnessed broad-based buying, led by index heavyweights CSL, BHP, Commonwealth Bank, Whitehaven Coal, Myer, Austal and Telstra. The ease in COVID-19 curbs in some part of the New South Wales region as well as new defence pact between the US, Australia and the UK also injected positivity in the market.
The benchmark index, the ASX 200, was trading higher by 53 points or 0.71% at 7,470, by lunch. The Aussie market opened higher today and gained as much as 1% to hit a high of 7,487.60.
The traders reacted positively to jobless data. Australia’s unemployment rate dropped to 4.5% in August, compared to 4.6% a month earlier. The fall in jobless rate was reported despite lockdowns in New South Wales and Victoria which forced businesses to lay off workers. The data from the Australian Bureau of Statistics (ABS) showed employment fell by 146,000 in August, compared to economists’ forecasts of a drop of 80,000.
Moving on the sectoral front, nine of the 11 indices were trading in green, barring tech and consumer discretionary. The energy sector was the best performer with a 1.6% gain, owing to strong rise in crude prices. Crude oil prices climbed by more than US$2 per barrel in overnight trade after data showed a higher-than-expected drawdown in the US crude inventories.
Among others, telecom and materials sectors also witnessed surge in buying activities and rose gained over 1%. Utilities, industrials, financial and health care sectors also traded higher with decent gains.
Gold miner Chalice Mining (ASX:CHN) topped the gainers’ list by rising 8.3%. Some of the other notable gainers were chemicals business Incitec Pivot (ASX:IPL), insurance broking firm AUB Group (ASX: AUB), agro-based firm Nufarm (ASX:NUF) and building products manufacturer CSR (ASX: CSR).
On the flip side, online retailer Redbubble (ASX: RBL) was the top loser on the ASX pack with a 5.75% loss. Some of the other worst performers were investment firm Washington H. Soul Pattinson (ASX:SOL), gaming company SKYCITY Entertainment (ASX: SKC), tech firm WiseTech Global (ASX: WTC) and telecom service provider Spark New Zealand (ASX: SPK).
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16th Sep 02:23 PM AEST
ASX up 0.7% on energy, miners boost; API, Austal, Myer surge
The Australian share market was in upbeat mood on Thursday as firm global cues and rise in commodity prices boosted the sentiment. The equity market witnessed broad-based buying, led by index heavyweights CSL, BHP, Commonwealth Bank, Whitehaven Coal, Myer, Austal and Telstra. The ease in COVID-19 curbs in some part of the New South Wales region as well as new defence pact between the US, Australia and the UK also injected positivity in the market.
The benchmark index, the ASX 200, was trading higher by 53 points or 0.71% at 7,470, by lunch. The Aussie market opened higher today and gained as much as 1% to hit a high of 7,487.60.
The traders reacted positively to jobless data. Australia’s unemployment rate dropped to 4.5% in August, compared to 4.6% a month earlier. The fall in jobless rate was reported despite lockdowns in New South Wales and Victoria which forced businesses to lay off workers. The data from the Australian Bureau of Statistics (ABS) showed employment fell by 146,000 in August, compared to economists’ forecasts of a drop of 80,000.
Moving on the sectoral front, nine of the 11 indices were trading in green, barring tech and consumer discretionary. The energy sector was the best performer with a 1.6% gain, owing to strong rise in crude prices. Crude oil prices climbed by more than US$2 per barrel in overnight trade after data showed a higher-than-expected drawdown in the US crude inventories.
Among others, telecom and materials sectors also witnessed surge in buying activities and rose gained over 1%. Utilities, industrials, financial and health care sectors also traded higher with decent gains.
Gold miner Chalice Mining (ASX:CHN) topped the gainers’ list by rising 8.3%. Some of the other notable gainers were chemicals business Incitec Pivot (ASX:IPL), insurance broking firm AUB Group (ASX: AUB), agro-based firm Nufarm (ASX:NUF) and building products manufacturer CSR (ASX: CSR).
On the flip side, online retailer Redbubble (ASX: RBL) was the top loser on the ASX pack with a 5.75% loss. Some of the other worst performers were investment firm Washington H. Soul Pattinson (ASX:SOL), gaming company SKYCITY Entertainment (ASX: SKC), tech firm WiseTech Global (ASX: WTC) and telecom service provider Spark New Zealand (ASX: SPK).
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16th Sep 02:23 PM AEST
Eden (ASX:EDE) seeks market expansion in US for OptiBlend® dual fuel system
Clean technology solutions provider, Eden Innovations Ltd (ASX:EDE) is appointing new OptiBlend® sales representatives to extend its marketing reach in the US. EDE’s decision follows an extended power crisis in Texas last winter and a significant upturn in Eden’s OptiBlend® dual fuel system demand.
EDE’s OptiBlend® can extend the operating backup time of diesel-powered generators by up to 70%. It was designed and developed by Eden US and is 100% owned by Eden. It is a custom-fitted hardware technology that allows conventional diesel engines to run on Natural Gas without modifying the engine or the diesel fuel system. For this, it substitutes cheaper natural gas in place of 70% diesel fuel. Significant potential markets for OptiBlend® exist in the USA and India, particularly because natural gas is far cheaper than diesel fuel, and governments worldwide are looking for greener solutions.
EDE has thus appointed Missouri-based Power Source Midwest, Inc., as a sales representative, who is already operating across 11 US states.
Meanwhile, EDE shares have surged over 5% on ASX and are trading at 2.1 cents per share as of 12:09 PM AEST.
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16th Sep 02:23 PM AEST
Eden (ASX:EDE) seeks market expansion in US for OptiBlend® dual fuel system
Clean technology solutions provider, Eden Innovations Ltd (ASX:EDE) is appointing new OptiBlend® sales representatives to extend its marketing reach in the US. EDE’s decision follows an extended power crisis in Texas last winter and a significant upturn in Eden’s OptiBlend® dual fuel system demand.
EDE’s OptiBlend® can extend the operating backup time of diesel-powered generators by up to 70%. It was designed and developed by Eden US and is 100% owned by Eden. It is a custom-fitted hardware technology that allows conventional diesel engines to run on Natural Gas without modifying the engine or the diesel fuel system. For this, it substitutes cheaper natural gas in place of 70% diesel fuel. Significant potential markets for OptiBlend® exist in the USA and India, particularly because natural gas is far cheaper than diesel fuel, and governments worldwide are looking for greener solutions.
EDE has thus appointed Missouri-based Power Source Midwest, Inc., as a sales representative, who is already operating across 11 US states.
Meanwhile, EDE shares have surged over 5% on ASX and are trading at 2.1 cents per share as of 12:09 PM AEST.
