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Star Entertainment Group Faces Financial Crisis: Bankruptcy or Acquisition Looms
January 10, 2025 12:34 PM AEDT| By Team Kalkine MediaHighlights,Financial Struggles Worsen,: Star Entertainment Group (,ASX:SGR,) reports a $100 million cash burn in three months, leaving just six weeks of financial runway.,Investor Concerns Mount,: Major shareholder Bruce Mathieson suggests the compan...
Oil Prices Climb Amid Falling U.S. Inventories and Cold Weather Boosting Demand
January 10, 2025 12:32 PM AEDT| By Team Kalkine MediaHighlights,Oil prices continue to rise despite concerns about China's economic weakness.,U.S. crude stockpiles at the Cushing hub have hit their lowest point in,nearly a,decade.,Political and weather factors are contributing to increased demand for o...
Mesoblast Trading Halt Sparks Market Attention
January 10, 2025 12:31 PM AEDT| By Team Kalkine MediaHighlights,Mesoblast (MSB) enters a trading halt ahead of key announcement.,Trading,expected,to resume on January 14 or sooner if the announcement is made earlier.,Shares experienced a 4% dip during early Friday trading.,Australian biotech company Me...
Insignia Financial Responds to Acquisition Speculation Amid Bidding Frenzy
January 10, 2025 12:29 PM AEDT| By Team Kalkine MediaHighlights,Insignia Financial denies receiving any proposal from Brookfield.,Buyout bids from Bain Capital and CC Capital are progressing.,CC Capital offers a $2.9 billion valuation for Insignia Financial.,Insignia Financial (ASX:IFL) has dismissed r...
Lodestar Minerals Identifies Three Copper Targets at Earaheedy Project (ASX:LSR)
January 10, 2025 12:27 PM AEDT| By Team Kalkine MediaHighlights:,Lodestar Minerals (,ASX:LSR,) has,identified,three new copper targets at the,Earaheedy,Project in Western Australia through extensive soil sampling.,A total of 637 samples were collected in October 2024, focusing on the Anticline and,Imbi...
Unibail-Rodamco-Westfield (ASX:URW) Forms Joint Venture in Prague with Strategic Centrum Černý Most Stake Sale
January 10, 2025 12:23 PM AEDT| By Team Kalkine MediaHighlights,Quarter-Stake Sale,:,Unibail,-Rodamco-Westfield (,ASX:URW,) has sold a 25% stake in Centrum,Černý,Most in Prague for €553 million,,initiating,a joint venture.,Expansion Plans,: The 85,000-square-metre shopping centre will undergo a 9,000-s...
Telstra Partners with Starlink to Enhance Coverage Across Australia
January 10, 2025 12:16 PM AEDT| By Team Kalkine MediaHighlights,Telstra partners with Elon Musk’s Starlink to bring Satellite-to-Mobile text messaging to Australia.,The collaboration aims to improve coverage in remote and regional areas across the country.,Telstra plans to explore additional satellite...
Australian Shares Flat as Mining Gains Offset Financial Losses; Retail Data Sparks Rate Cut Bets
January 10, 2025 12:14 PM AEDT| By Team Kalkine MediaHighlights,The S&P/ASX 200 index trades at 8,329.3 points, with a 1% weekly gain expected—its second rise in three weeks.,Mining stocks rise 0.9%, supported by rebounding iron ore prices and China’s stimulus measures.,Retail sales data miss forecasts...
QBE Insurance Shares Dip Despite Macquarie Upgrade and Positive Outlook
January 10, 2025 12:10 PM AEDT| By Team Kalkine MediaHighlights,QBE Insurance shares fall 0.2% to A$19.595, aligning with a 0.8% dip in the banking sub-index.,Macquarie raises price target to A$21.50 and upgrades 2024 earnings estimate by 8.3%.,Analysts maintain a "buy" rating on QBE, with a median pri...
Star Entertainment Hits Record Low Amid Liquidity Concerns
January 10, 2025 12:08 PM AEDT| By Team Kalkine MediaHighlights,Star Entertainment shares plunge to a record low, dropping 19.2% before stabilizing at AU$0.113, following Thursday's 33.3% slump.,The casino operator reported cash burn of AU$70 million in Q4 2024, with only AU$79 million in available cas...
Zip Co Shares Surge 363% in 2024, Beating Market Expectations
January 10, 2025 12:03 PM AEDT| By Team Kalkine MediaHighlights,Zip Co saw a remarkable,363% surge in its share price,in 2024, making it the,best performer on the ASX 200,.,The company reported a,28.2% revenue increase,and a,243.2% jump in cash earnings,for FY 2024, despite challenges like higher inter...
First Graphene (ASX:FGR) Advances Hydrogen Innovation with New Patent
January 10, 2025 11:49 AM AEDT| By Team Kalkine MediaHighlights,First Graphene (FGR) files patent for graphene-based hydrogen production process.,Technology targets,global,electrocatalyst market, set to grow to,$1.93 billion,by 2030.,Broader applications include industrial catalysts, lithium batteries,...
Block Inc to Change Ticker Code as Analysts Highlight Growth Potential
January 10, 2025 11:45 AM AEDT| By Team Kalkine MediaHighlights,Block Inc shares will trade under the ticker "XYZ" on the ASX from 22 January 2024, replacing the current "SQ2" code.,Analysts see strong growth potential for the company's Cash App and Square divisions, even after recent share price gains...
Insignia Financial Denies Receiving Takeover Bid from Brookfield Amid Speculation
January 10, 2025 11:42 AM AEDT| By Team Kalkine MediaHighlights,Insignia Financial confirms no takeover proposal from Brookfield despite media speculation.,Insignia shares rise 1.3% to $4.09, extending a 35% gain over the past month.,The company has received two major private equity proposals recently,...
Rate Cut Countdown: ANZ (ASX:ANZ) Predicts Earlier RBA Decision
January 10, 2025 11:36 AM AEDT| By Team Kalkine MediaHighlights,ANZ (ANZ),anticipates,an Australian rate cut as early as February.,Core inflation is expected to hit its lowest since 2021, driving this forecast.,January 29 inflation data could influence the Reserve Bank of Australia’s decision.,ANZ (ASX...
ASX Penny Stocks to Watch: Hidden Gems for January 2025
January 10, 2025 11:26 AM AEDT| By Team Kalkine MediaHighlights,ASX penny stocks with strong fundamentals are gaining investor attention in January 2025.,Li-S Energy, VHM Limited, and,Wellard,show diverse potential amid financial challenges.,These stocks highlight innovative niches and market resilienc...
Aldoro Resources Unveils Significant Niobium Discovery at Kameelburg
January 10, 2025 11:23 AM AEDT| By Team Kalkine MediaHighlights:,Aldoro,Resources Ltd (,ASX:ARN,),identified,388 metres of uninterrupted niobium mineralisation at the,Kameelburg,project in Namibia, with grades of 0.52%,Nb₂O,₅.,Rare earth element (REE) mineralisation was also found along the site, which...
Insider Confidence Pays Off as Cygnus Metals Reaches AU$110m Market Cap
January 10, 2025 11:20 AM AEDT| By Team Kalkine MediaHighlights,Cygnus Metals sees significant stock growth tied to insider confidence.,Insiders own a notable 14% of the company, reinforcing alignment with shareholders.,Recent insider activity shows steady interest without any selling.,Cygnus Metals (A...
Insiders Invest Heavily in Star Entertainment Group (ASX:SGR) Despite Market Challenges
January 10, 2025 11:17 AM AEDT| By Team Kalkine MediaHighlights,Insider investments in Star Entertainment Group total AU$49.1m despite significant stock decline.,Notable insider Bruce Mathieson led the charge, signaling confidence in the company’s future.,Insiders collectively hold AU$41m worth of shar...
Lantheus Acquires 12.16% Stake in Radiopharm Theranostics Through $8 Million Placement
January 10, 2025 11:16 AM AEDT| By Team Kalkine MediaHighlights,Lantheus,, a leading radiopharmaceutical company,,acquired,a 12.16% stake in,Radiopharm,Theranostics,(,ASX:RAD,) through an $8 million placement.,The placement price of 6 cents per share,represents,a 150% premium to,Radiopharm's,last closi...
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