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Webjet Faces Legal Action, ASX Hits Record Close, and Star Entertainment Scrutinized at AGM
November 29, 2024 05:40 PM AEDT| By Team Kalkine MediaHighlights,The ACCC takes legal action against Webjet for,failing to disclose,additional,flight fees.,The ASX 200 hits a new record closing high, driven by IAG’s acquisition of RACQ’s insurance business.,Star Entertainment faces shareholder questions...
Step One Clothing Limited (ASX:STP) Remains 63% Controlled by Insiders Following Recent Sales
November 29, 2024 03:57 PM AEDT| By Team Kalkine MediaHighlights:,Step One Clothing Limited is predominantly controlled by insiders, who hold around 63% of the company.,CEO Gregory Taylor is the largest shareholder, with a 59% stake in the company.,Institutional ownership is minimal, and hedge funds do...
Challenges Loom for Star Entertainment as Liquidity Concerns Rise
November 29, 2024 01:47 PM AEDT| By Team Kalkine MediaHighlights,Star Entertainment (SGR) faces liquidity challenges following a significant loss,.,Shareholders,raise,concerns during the recent AGM,.,Analysts express caution over earnings visibility and cash position.,Star Entertainment (ASX:SGR), a pro...
Transforming the Cobalt Industry: Milestones and Future Path for (ASX:COB)
November 29, 2024 12:13 PM AEDT| By Team Kalkine MediaHighlights,Cobalt Blue achieved significant milestones, including a partnership with Iwatani Corporation.,Progress,on,the Kwinana Cobalt Refinery sets,a strong foundation,for midstream cobalt production.,Strategic focus on a high-margin approach and...
Domino’s Shares Down 80% From Peak, What's Happening?
November 29, 2024 11:35 AM AEDT| By Team Kalkine MediaHighlights,Sharp Decline:,Domino's Pizza Enterprises shares have fallen 40% in the past year and 80% since September 2021.,Turnaround Potential:,Goldman Sachs sees new CEO leadership and strategic changes as catalysts for recovery.,Attractive Valuati...
Metcash 1H25 Results: Analysts Predict 5% NPAT Decline Amid Market Headwinds
November 29, 2024 11:23 AM AEDT| By Team Kalkine MediaHighlights,Projected NPAT Decline:,Citi forecasts Metcash’s 1H25 NPAT at AU$134 million, down 5% year-over-year.,Sector Challenges:,Declining trends in hardware and liquor markets, along with slowing price growth, weigh on revenues.,Stock Outlook:,Ci...
Select Harvests Returns to Profitability with Over $1 Million Net Profit
November 29, 2024 11:18 AM AEDT| By Team Kalkine MediaHighlights,Select Harvests rebounds with net profit after a challenging FY23,.,Strong earnings before interest, tax, depreciation, and amortization recorded,.,No final dividend announced for FY24,.,Australia-based almond producer Select Harvests (ASX...
Shareholder Strike: A Setback for Star Entertainment (ASX:SGR)
November 28, 2024 03:00 PM AEDT| By Team Kalkine MediaHighlights,Star Entertainment faces first shareholder strike on,remuneration,plan.,Over 44 per cent of shareholders opposed the company's pay proposal.,New CEO,seeks,to rebuild trust amid ongoing business transformation.,Star Entertainment (ASX:SGR),...
ACCC Targets Webjet for Alleged Misleading Pricing Practices
November 28, 2024 02:25 PM AEDT| By Team Kalkine MediaHighlights,Webjet (WEB) faces legal action over alleged misleading price practices,.,The ACCC claims hidden fees inflated flight prices and misled consumers,.,Webjet responds, asserting improved transparency in pricing practices,.,Webjet (ASX:WEB) is...
Citi Raises Web Travel Group Target Price Amid Positive FY25 Outlook
November 28, 2024 12:59 PM AEDT| By Team Kalkine MediaHighlights,EBITDA Upgrade:,Citi upgraded its FY25 EBITDA estimate for Web Travel Group's business travel distribution segment by approximately 4%, citing better-than-expected outlooks.,Revenue Growth:,The company reported 1H FY25 revenue of AU$170.4...
Webjet Faces Federal Court Over Alleged Misleading Practices and Fee Disclosures
November 28, 2024 12:45 PM AEDT| By Team Kalkine MediaHighlights,Misleading "Cheap Flights" Ads:,The ACCC alleges Webjet advertised low flight prices across its platforms, including its website, mobile app, social media, and promotional emails, without prominently disclosing mandatory fees.,Booking Fail...
Harvey Norman Faces Challenges Amid Sector Pressure (ASX:HVN)
November 28, 2024 11:42 AM AEDT| By Team Kalkine MediaHighlights,Harvey Norman downgraded to neutral amid competitive pressure,.,New Zealand retail conditions,remain,a concern for the company,.,Company founder refutes claims of losing market share to rivals,.,Harvey Norman (ASX:HVN), a leading retailer...
Star Entertainment's Strategic Overhaul to Navigate Financial Challenges
November 28, 2024 11:40 AM AEDT| By Team Kalkine MediaHighlights,Star Entertainment posts losses due to operational challenges.,CEO Steve McCann outlines restructuring plans to address financial issues.,Company shares show improvement despite ongoing difficulties.,Star Entertainment Group (ASX:SGR) is n...
Eneco Refresh (ASX:ERG): Evaluating Growth and Market Momentum
November 28, 2024 11:11 AM AEDT| By Team Kalkine MediaHighlights,Eneco Refresh saw a sharp jump in share price recently, gaining 40%,.,The company's revenue growth aligns closely with broader industry trends,.,Shareholders,remain,optimistic due to consistent growth metrics over three years,.,Eneco Refre...
Collins Foods (ASX:CKF) Rises Quarterly but Lags Over Three Years
November 27, 2024 07:45 PM AEDT| By Team Kalkine MediaHighlights,Collins Foods CKF shares rise 14% in the last quarter.,Three-year performance shows a 39% decline, trailing broader market trends.,Fundamental factors play a key role in understanding long-term movements.,Collins Foods Limited (ASX:CKF) ex...
European Travel Woes Challenge Web Travel Earnings, But Momentum Builds
November 27, 2024 06:34 PM AEDT| By Team Kalkine MediaHighlights,Web Travel Group earnings impacted by European travel disruptions.,Underlying profit remains robust, fueling positive market sentiment.,Strong cash flow supports $150 million share buyback initiative.,Web Travel Group (ASX:WEB) experienced...
Web Travel Group Shares Soar 14.2% on Revenue Growth and Buy-Back Announcement
November 27, 2024 02:09 PM AEDT| By Team Kalkine MediaHighlights,Shares hit,AU$4.83,, marking their biggest intraday gain since May 22.,Half-year revenue,rises to,AU$170.4 million,, a 1% year-on-year increase.,Announces,AU$150 million share buy-back,, signaling confidence in financial stability.,Shares...
Web Travel Group Reports Mixed Results and Unveils $150M Buy-Back Plan
November 27, 2024 11:55 AM AEDT| By Team Kalkine MediaHighlights,Web Travel Group posts mixed half-year results following the B2C demerger,.,WebBeds,sees growth in transaction value but faces margin challenges,.,Announces a $150m buy-back program alongside financial updates,.,Web Travel Group (ASX:WEB)...
Fmr LLC Reduces NIKE (NYSE:NKE) Position Amid Market Changes
November 27, 2024 09:20 AM AEDT| By Team Kalkine MediaHighlights,-Fmr LLC decreased its holdings in NIKE by 8.4% during Q3.,-Several institutional investors adjusted their positions in NIKE stock.,-NIKE recently announced an increase in its quarterly dividend.,Nike Inc , a leader in the,NYSE Consumer St...
Beston Global Food to Wind Down Operations Amid Buyer Withdrawal
November 26, 2024 05:34 PM AEDT| By Team Kalkine MediaHighlights,Beston Global Food to undergo an orderly wind-down after administration.,Production operations to cease in early December.,Key buyer withdrawal triggered the decision.,Beston Global Food, the Australian-listed company known for its Edwards...
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