Industrial Stocks

Revised proposal from APA Group outflanks Brookfield’s $7 billion AusNet deal

Who would acquire AusNet- APA Group or BrookFields

Highlights APA Group has made a revised offer to AusNet to acquire 100% shares of AST. APA Group offered a combination of cash, and 0.0853 APA stapled securities to acquire AusNet shares. AusNet would consider the APA’s revised offer pos...

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Why NTD share price on a roll?

Why NTD share price on a roll?

Summary National Tyre & Wheel Ltd. (ASX:NTD) outperformed its previous financial guidance for H1FY21 given during November 2020. NTD released its revised guidance for the first half of FY21, giving an EBITDA value between $15 million to $15...

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Vik Bansal Bids Adieu to Cleanaway (ASX:CWY), Share Prices React

Vik Bansal Bids Adieu to Cleanaway (ASX:CWY), Share Prices React

Summary Vik Bansal, CEO of Cleanaway Waste Management has stepped down from his role, reflecting on his decision to focus on newer priorities in the future. Chairman Mark Chellew would be the interim CEO, till the search to fill in the position...

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Downer EDI Ltd. Awarded $330m Telstra Contract

Downer EDI Ltd. Awarded $330m Telstra Contract

Downer EDI Ltd.(ASX:DOW) announced that it had been awarded with Field Services contract by the telecommunications company Telstra Corporation Limited. The contract is valued at $330 million and would be a steppingstone for Downer EDI. The share m...

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Why Coventry Group (ASX:CYG) sales rose 12.5% in H1 FY21

Why Coventry Group (ASX:CYG) sales rose 12.5% in H1 FY21

Summary Coventry Group Ltd (ASX:CYG) reported H1 FY21 Group sales of A$138.1 million, up 12.5 per cent from the prior year’s corresponding period.  While Fluid Systems (FS) sales were up 21.1 per cent H1FY21 compared to the prior yea...

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Bingo (ASX:BIN) confirms takeover bid at AUD 3.50 a share

Bingo (ASX:BIN) confirms takeover bid at AUD 3.50 a share

Bingo Industries Ltd (ASX:BIN) on Tuesday confirmed that it had received an unsolicited cash-based takeover bid at $3.50 a share from funds advised by CPE Capital (CPEC). The unsolicited, highly conditional, non-binding, and indicative proposal fro...

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Why should Shekel Brainweigh (ASX:SBW) be on investors' radar?

Why should Shekel Brainweigh (ASX:SBW) be on investors' radar?

Summary Shekel Brainweigh has received commitments from investors for a private placement of A$2.1 million. The company would be issuing 13.12 million shares at an issue price of A$0.16 per share. The proceeds would be used for product develop...

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Qantas (ASX:QAN) remains optimistic on its Project Sunrise

Qantas (ASX:QAN) remains optimistic on its Project Sunrise

Summary Qantas is confident about its plans to launch ultra-long non-stop services, connecting Australian to Europe and the United States.  The entry of Regional Express at the famous Australian route will also spark fierce competition bet...

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What sent SciDev’s Q2 cash receipts soaring to record level

What sent SciDev’s Q2 cash receipts soaring to record level

SciDev Ltd (ASX:SDV) on Wednesday announced record quarterly cash receipts of A$10.2 million and sales of A$8.9 million for the period ended 31 December 2020 (Q2FY2021), representing growth across all four sectors of Mining & Mineral Processing...

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Why ARB Corporation’s (ASX:ARB) shares shot up in early-morning trade

Why ARB Corporation’s (ASX:ARB) shares shot up in early-morning trade

Summary Shares of ARB Corporation Ltd (ASX:ARB) traded higher nearly 6 per cent in the early trade on Tuesday, following a company update on its expectations for the first half of FY2021.  ARB Corporation said it had recorded unaudite...

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What’s driving the upswing of Schaffer Corporation Limited’s (ASX:SFC) shares?

What’s driving the upswing of Schaffer Corporation Limited’s (ASX:SFC) shares?

The shares of diversified industrial company Schaffer Corporation Limited (ASX:SFC) were trading up by over 5 per cent at $ 18.5 per share, mid-day on 12 January 2021. The positive sentiment around the SFC shares seemed to have built after the Comp...

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