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PWR Holdings Sees Sharp Decline in Profit Guidance for FY25
November 20, 2024 12:16 PM AEDT| By Team Kalkine MediaHighlights,PWR Holdings,anticipates,a significant drop in its profit after tax for the first half of FY25,.,Weakness in original equipment manufacturing and aftermarket segments cited as key contributors,.,Shares of PWR Holdings fell by over 21%, clo...
Amcor (ASX:AMC) to Merge with Berry Group in $13 Billion Packaging Deal
November 20, 2024 11:13 AM AEDT| By Team Kalkine MediaHighlights,Amcor announces a,$13 billion,merger with Berry Group,.,The combined entity will become a global leader in packaging,.,The deal promises synergies and a stronger focus on sustainability,.,Amcor (ASX:AMC), the global leader in consumer pack...
Doug Rathbone's Continued Leadership Amid Elders' $475 Million Delta Buyout
November 19, 2024 04:16 PM AEDT| By Team Kalkine MediaHighlights,Doug Rathbone remains involved with Delta Agribusiness post-Elders acquisition.,Elders enhances its position with Delta acquisition for $475 million.,Nutrien Ag Solutions leads the Australian agriculture market.,Doug Rathbone, a prominent...
Australia’s Energy Transition: Origin Energy (ASX:ORG) CEO Urges Urgent Reforms
November 18, 2024 02:04 PM AEDT| By Team Kalkine MediaHighlights,Origin Energy emphasizes Australia’s need for coal-free energy preparedness.,CEO calls for robust reforms to ensure smooth renewable energy transition.,Warns delays in projects and infrastructure threaten energy stability.,The CEO of Origi...
Maggie Beer Holdings (ASX:MBH): Assessing its Value Amid Recent Price Decline
November 18, 2024 11:54 AM AEDT| By Team Kalkine MediaHighlights,Maggie Beer,Holdings,shares have dropped significantly, down 32% in the past month,.,The company’s price-to-sales (P/S) ratio is notably lower than industry peers,.,Revenue growth has been strong over three years but stagnated in the past...
Revenue Challenges Impact Oliver’s Real Food (ASX:OLI) Amid Share Price Drop
November 18, 2024 11:03 AM AEDT| By Team Kalkine MediaHighlights,Oliver’s Real Food,sees,a significant share price decline over the past month,.,Revenue growth,remains,below industry expectations,,impacting,valuation ratios,.,Long-term revenue shrinkage raises concerns about future performance,.,The sha...
Academies Australasia (ASX:AKG) Faces Scrutiny Over CEO Pay and Performance
November 15, 2024 04:30 PM AEDT| By Team Kalkine MediaHighlights,Academies Australasia's revenue stagnates, with earnings per share declining over three years,.,Shareholders face steep stock return declines, sparking dissatisfaction,.,CEO pay raises concerns amid misaligned performance trends.,Academies...
Promising ROCE Trends at Retail Food Group (ASX: RFG)
November 15, 2024 11:09 AM AEDT| By Team Kalkine MediaHighlights,Retail Food Group shows signs of profitability improvement with positive ROCE trends.,The company's capital reinvestment strategy is yielding incremental returns.,Decreased reliance on current liabilities strengthens its financial foundati...
Nufarm Reports FY24 Financial Results with Resilient Performance Despite Market Pressures
November 14, 2024 04:18 PM AEDT| By Team Kalkine MediaHighlights,Strong Cost Management,: Nufarm cut net debt by 25% and reduced working capital by 30% through disciplined inventory practices.,Steady EBITDA,: Underlying EBITDA reached $313 million, aligning with guidance despite a 29% year-over-year dec...
Biome Australia (ASX: BIO) Reaches IP Milestone in Probiotic Development
November 14, 2024 02:45 PM AEDT| By Team Kalkine MediaHighlights,Biome Australia progresses with intellectual property for Lactobacillus plantarum strain BMB18.,German culture bank DSMZ secures strain as Biome finalizes IP ownership.,New probiotic asset opens avenues for product innovation and growth in...
ACCC Flags Competition Concerns Over Cleanaway's AU$110 Million Acquisition of Citywide's Waste Division
November 14, 2024 12:51 PM AEDT| By Team Kalkine MediaHighlights,The ACCC has raised concerns that Cleanaway’s acquisition of Citywide Waste’s division could reduce competition in Melbourne’s waste disposal market.,The deal includes the redevelopment of the Dynon Road transfer station, a key waste facil...
Orica’s Full-Year Profit Rises on Strong Demand for Premium Products and Technology Solutions
November 14, 2024 12:49 PM AEDT| By Team Kalkine MediaHighlights,Orica reports a 77% increase in statutory net profit, reaching AU$525 million, supported by its premium products, blasting technology, and digital solutions.,EBIT grew by 15% to AU$806 million, with the company forecasting further EBIT gro...
Flight Centre Travel Group Shares Jump 3.1% Amid Strong Growth Outlook for 2025
November 14, 2024 12:25 PM AEDT| By Team Kalkine MediaHighlights,Flight Centre shares surged 3.1% to AU$17.15, marking the top gain on the ASX 200 and the biggest intraday rise since mid-September.,The company projects a 20% growth in underlying profit before tax (PBT) for FY25, with expected PBT in the...
GrainCorp Shares Drop 4.5% Following Sharp Decline in Annual Profit Amid Tough Growing Conditions
November 14, 2024 12:23 PM AEDT| By Team Kalkine MediaHighlights,GrainCorp shares fell 4.5% to AU$8.45, marking the stock's largest intraday drop since May and the second-largest decline on the ASX 200 index.,The agribusiness company reported a 75.2% decrease in annual net profit, down to AU$62 million...
Encouraging ROCE Trends at Retail Food Group (ASX: RFG)
November 14, 2024 11:00 AM AEDT| By Team Kalkine MediaHighlights,Retail Food Group shows signs of profitability improvement with positive ROCE trends.,The company's capital reinvestment strategy is yielding incremental returns.,Decreased reliance on current liabilities strengthens its financial foundati...
Ownership Structure of Tabcorp Holdings (ASX: TAH) Highlights Retail Investor Influence
November 13, 2024 06:00 PM AEDT| By Team Kalkine MediaHighlights,Retail investors hold a majority stake of 53% in Tabcorp Holdings.,Recent stock increase benefited retail and institutional investors alike.,Institutional shareholders provide credibility, but risks remain.,The recent performance of Tabcor...
Is JB Hi-Fi Limited's (ASX:JBH) P/E Ratio Justified Amid Earnings Decline?
November 13, 2024 05:42 PM AEDT| By Team Kalkine MediaHighlights:,JB Hi-Fi’s high P/E ratio contrasts with Australia's market trend.,Declining earnings raise concerns about JB Hi-Fi's valuation.,Market growth forecasts outpace JB Hi-Fi’s projected growth rate.,JB Hi-Fi Limited (ASX:JBH) currently carrie...
Star Entertainment's Short Positions Decline as Perpetual Reduces Stake
November 13, 2024 02:54 PM AEDT| By Team Kalkine MediaHighlights,Star Entertainment’s short positions fall after Perpetual reduces,stake,.,Perpetual’s sale of 129.7 million shares affects short sellers,.,Star's short positions drop from 8% to 3.8% of its float.,Star Entertainment Group Ltd. (ASX: SGR) h...
Australian Vintage’s Chairman Addresses Capital Raising and Future Strategies
November 13, 2024 02:26 PM AEDT| By Team Kalkine MediaHighlights,Australian Vintage's,chairman,apologizes for a recent capital raising effort.,Efforts to cut costs and increase revenue are underway to stabilize the company.,Australian Vintage targets a younger demographic amid challenging wine market co...
Tabcorp Fined for Violating Australia's In-Play Betting Laws
November 13, 2024 02:20 PM AEDT| By Team Kalkine MediaHighlights,Tabcorp fined over $260,000 for illegal in-play betting on sports.,Investigation reveals unauthorized bets across multiple tennis matches.,Penalty aims to address gambling risks and protect vulnerable users.,Tabcorp Holdings Limited (ASX:...
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