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McMillan Shakespeare’s (ASX:MMS) normalised NPATA jumps 38% in FY24; Co highlights potential risks for FY25
October 30, 2024 12:12 PM AEDT| By Team Kalkine MediaHighlights,MMS achieved a 158.5% YoY growth in net profit to AUD 83.5 million in FY24.,In FY24, revenues grew by 11.55% YoY to AUD 525.8 million, driven by growth across all segments (GRS, AMS, and PSS).,Vanguard Group acquired a 5% stake in MMS as o...
Gold Surges to New Heights Amid Market Uncertainty and Upcoming US Election
October 30, 2024 11:51 AM AEDT| By Team Kalkine MediaHighlights,Gold reaches record high as traders,assess,economic data.,US job market concerns and Fed rate decisions influence gold prices.,Election uncertainties and global tensions support haven demand.,Gold has climbed to a new record, reaching $2,7...
Australia’s Inflation Slows in Q3, Influencing Reserve Bank's Rate Decision
October 30, 2024 11:50 AM AEDT| By Team Kalkine MediaHighlights,Australia's inflation rate cools, landing below expectations in Q3.,Reserve Bank of Australia (RBA) closely,monitors,as inflation,impacts,policy decisions.,Rate cuts,now,anticipated,in 2025, with a potential February shift.,Australia’s inf...
ASX Market Update: Discretionary Stocks Lead Gains Amid Real Estate and IT Support
October 29, 2024 05:47 PM AEDT| By Team Kalkine MediaHighlights,ASX gains driven by strength in Real Estate, IT, and Discretionary stocks.,Health Care, Energy, and Telecommunications see declines in performance.,Key news on Myer acquisition and Bluescope guidance adjustments.,The Australian Stock Excha...
Asian Battery Metals Discovers High-Grade Copper-Nickel at Oval Project in Mongolia
October 29, 2024 05:33 PM AEDT| By Team Kalkine MediaHighlights,Asian Battery Metals reports high-grade copper-nickel findings at its Oval prospect in Mongolia.,Key intercepts show promising copper, nickel, and cobalt mineralisation, with a focus on further exploration.,Phase 1 drilling completed with...
VRX Silica (ASX:VRX) progresses environmental approvals for Arrowsmith North in recent quarter
October 29, 2024 04:55 PM AEDT| By Sonal GoyalHighlights,VRX Silica lodged the final Response to Submissions (RTS) for environmental review in September 2024.,The EPA approved an amendment to the Mine Development Envelope (MDE) in late October 2024.,A site visit was conducted with government rep...
BlueScope Steel Lowers Profit Forecast Amid Economic and Industry Pressures
October 29, 2024 04:54 PM AEDT| By Team Kalkine MediaHighlights,BlueScope Steel revises profit expectations due to global challenges.,Focus on cost-efficiency initiatives to sustain long-term growth.,Anticipates stable domestic demand despite international pressures.,BlueScope Steel (ASX:BSL) has revis...
Oil Prices Steady After Sharp Decline Amid Geopolitical Shifts and Economic Focus
October 29, 2024 04:14 PM AEDT| By Team Kalkine MediaHighlights,Oil prices stabilize after a significant dip amid Middle East developments.,Focus shifts to US economic data and potential Federal Reserve decisions.,OPEC+ prepares for production adjustments, impacting market dynamics.,Oil markets found b...
Surefire Resources (ASX:SRN) Announces New Loan Facility and ATM Extension
October 29, 2024 03:42 PM AEDT| By Aditi SarkarHighlights,Surefire Resources has secured a loan drawdown facility of up to AU$500,000 from Vargas Holdings Pty Ltd.,The expiry date of the company’s ATM subscription agreement with Acuity Capital has been extended to 31 January 2029.,The company pla...
Boutique Funds Outshine Larger Rivals with Impressive Q3 Returns
October 29, 2024 03:10 PM AEDT| By Team Kalkine MediaHighlights,Boutique funds in Australia excelled, surpassing larger investment players in Q3.,Paragon's focus on commodities and Pengana’s healthcare-backed returns led gains.,Emerging companies also showed strong performances, notably in tech and aqu...
3 Undervalued Small-Cap Stocks in Australia with Recent Insider Confidence
October 29, 2024 02:24 PM AEDT| By Team Kalkine MediaHighlights,Australian small caps with strong fundamentals and insider confidence,Corporate Travel, Insignia Financial, and Jumbo Interactive,demonstrate,growth potential,Insider share purchases,indicate,strategic confidence in company trajectories,Th...
Cannindah Resources (ASX:CAE) secures AU$5Mn for Accelerated Mt Cannindah drilling
October 29, 2024 02:00 PM AEDT| By Sonal GoyalHighlights,CAE has completed a AU$5 million capital raising and plans to ramp up exploration at the Mt Cannindah Copper Gold Project.,Drill rigs are expected to move to the site within 2-3 weeks, with drilling commencing shortly thereafter.,The drill...
Australian Shares Edge Up as Myer and Premier Investments Strike Deal, Cettire Dips
October 29, 2024 01:58 PM AEDT| By Team Kalkine MediaHighlights,Australian,sharemarket,rises with gains in consumer and real estate stocks.,Myer,set,to,acquire,Premier Investments’ apparel brands, boosting Premier shares.,Cettire,shares slump after disappointing trading update.,The Australian sharemark...
Newmont Corporation (ASX:NEM) sharpens focus on tier-1 assets, eyes USD 1.5bn from non-core asset sales
October 29, 2024 01:53 PM AEDT| By Team Kalkine MediaHighlights,Newmont Corporation sold its Akyem operations in Ghana for USD 1 billion as part of non-core asset divestment strategy.,In Q3 FY24, Newmont recorded a 483.5% YoY increase in net income to USD 922 million, driven by higher gold prices and s...
ASX Gains as Premier Surges; BlueScope and Cettire Slip Amid Mixed Performances
October 29, 2024 01:32 PM AEDT| By Team Kalkine MediaHighlights,ASX gains as consumer and real estate stocks advance.,Premier,Investments,shares surge, leading ASX gains.,BlueScope and,Cettire,see declines amid profit updates.,The Australian sharemarket advanced on the back of Wall Street’s positive pe...
King River Resources (ASX: KRR) Advances Tennant Creek Exploration with Promising Assays
October 29, 2024 01:17 PM AEDT| By Aditi SarkarHighlights,KRR received promising assay results from RC drilling at Langrenus, revealing significant gold concentrations.,Phase 2 drilling at Providence identified significant geochemical anomalies in gold, bismuth, and copper.,A second phase of RC d...
Rising Financial Strain Drives Increase in ASX "Zombie" Companies
October 29, 2024 12:40 PM AEDT| By Team Kalkine MediaHighlights,Surge in distressed ASX-listed companies tied to falling battery mineral prices.,Mining sector sees the highest rise in financial distress, followed by technology and retail.,Persistent inflation and high-interest rates impact profit margi...
Bitcoin Surges Past Key Milestone Ahead of Upcoming U.S. Election
October 29, 2024 12:32 PM AEDT| By Team Kalkine MediaHighlights,Bitcoin,rises,above $US70,000 for the first time since June.,Increasing demand from exchange-traded funds (ETFs) bolsters growth.,Upcoming U.S. election sparks market speculation, driving digital asset interest.,As global markets gear up f...
Orion Minerals Advances Prieska and Okiep Copper Projects
October 29, 2024 12:30 PM AEDT| By Team Kalkine MediaHighlights,Orion Minerals appoints new leadership and consultants for project feasibility.,Key optimizations underway for,Prieska,Copper-Zinc Mine.,Flat Mines Project feasibility on track for external review by year’s end.,Orion Minerals Ltd (ASX:ORN...
Key Developments This Week: AU Economy, ASX AGMs, and US Employment Data
October 28, 2024 05:39 PM AEDT| By Team Kalkine MediaHighlights,Australian data releases on CPI and retail sales may impact inflation outlook.,Key AGMs from ASX companies like CBA and Qantas offer strategic updates.,US unemployment data could influence Federal Reserve's upcoming decisions.,Australia’s...
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