Stocks
Southern Cross Faces Shareholder Pushback on Executive Pay at AGM
November 25, 2024 12:28 PM AEDT| By Team Kalkine MediaHighlights,Southern Cross Austereo sees first strike on executive pay at AGM,.,Proxy votes reveal substantial opposition to,remuneration,and performance rights,.,Key board members reelected amid mixed shareholder sentiments,.,Southern Cross Austereo...
Novonix Shares Surge 11% After Signing Key Offtake Agreement with Volkswagen's PowerCo
November 25, 2024 12:25 PM AEDT| By Team Kalkine MediaHighlights,Offtake Deal,: Novonix secures a binding agreement to supply 32,000 tonnes of synthetic graphite to PowerCo over five years, starting in 2027.,Production Expansion,: Plans include ramping up output to 150,000 tonnes annually, with new prod...
Green Critical Minerals Achieves 80% Stake in Advanced McIntosh Graphite Project
November 25, 2024 12:24 PM AEDT| By Team Kalkine MediaHighlights,Green Critical Minerals secures 80% ownership of McIntosh graphite project,.,Legal proceedings continue over JV agreement with Hexagon Energy Materials,.,Focus shifts to pre-feasibility study and development of graphite supply chain,.,Gree...
Morgans Downgrades GQG Partners Amid Adani Bribery Allegations
November 25, 2024 12:21 PM AEDT| By Team Kalkine MediaHighlights,Rating Downgrade,: Morgans cuts GQG Partners' rating from "add" to "hold" and lowers its target price to $2.47.,Adani Controversy,: GQG is reviewing its investments in Adani Group, with 10% of its clients’ assets tied to related issuers.,M...
SG Fleet Confirms AU$1.2Bn Takeover Proposal from Pacific Equity Partners
November 25, 2024 12:17 PM AEDT| By Team Kalkine MediaHighlights,Takeover Proposal,: Pacific Equity Partners (PEP) offers AU$3.50 per share, valuing SG Fleet at AU$1.2 billion.,Exclusivity Period,: SG Fleet grants PEP exclusivity for due diligence until November 29.,Market Reaction,: SG Fleet shares jum...
iTech Minerals Partners with SQM to Advance Reynolds Range Lithium Project
November 25, 2024 12:03 PM AEDT| By Team Kalkine MediaHighlights,Strategic Alliance,: iTech Minerals and SQM enter a three-stage agreement to develop the Reynolds Range Lithium Project in Australia's Northern Territory.,Investment Framework,: SQM to invest up to $27 million in exploration and resource d...
European Lithium Acquires Ireland's Leinster Lithium Project to Boost European Presence
November 25, 2024 12:00 PM AEDT| By Team Kalkine MediaHighlights,Strategic Acquisition,: European Lithium has acquired LRH Resources, gaining ownership of the Leinster Lithium Project in Ireland.,Project Potential,: The Leinster Project includes 23 prospecting licenses, with significant spodumene pegmat...
Pro Medicus Shares Hit Record High Amid Strong Growth Outlook
November 25, 2024 11:52 AM AEDT| By Team Kalkine MediaHighlights,Record Performance,: Pro Medicus shares surged to a record high of AU$226.79 on Monday, marking a 160% increase year-over-year.,Impressive Financials,: FY24 saw revenue grow by 29.3% and net profit after tax by 36.5%.,Growth Opportunities,...
Novonix Secures Long-Term Graphite Supply Deal with Volkswagen’s PowerCo
November 25, 2024 11:50 AM AEDT| By Team Kalkine MediaHighlights,Novonix,signs a graphite supply deal with Volkswagen's,PowerCo,SE.,Agreement secures a minimum of 32,000,tonnes,of synthetic graphite for battery production,.,Focus,remains,on boosting North American battery material production capabilitie...
Humanforce Moves Forward with Final All-Cash Offer for LiveHire
November 25, 2024 11:45 AM AEDT| By Team Kalkine MediaHighlights,Humanforce,advances with an unconditional cash offer for,LiveHire,.,The offer price reflects a significant premium to recent market values,.,LiveHire,director endorses the proposal, marking it as final and best,.,Unlisted Australian compan...
Mineral Resources Faces Turbulent 2024, Analysts Divided on Future Prospects
November 25, 2024 11:36 AM AEDT| By Team Kalkine MediaHighlights,Share Decline,: Mineral Resources Ltd has lost over 50% of its share value in 2024 amid leadership and regulatory challenges.,Mixed Analyst Views,: Brokers are split on the stock's potential, with price targets ranging from AU$35 to AU$61....
Southern Cross Austereo Explores Divestment of TV Network Amid Strategic Shift
November 25, 2024 11:36 AM AEDT| By Team Kalkine MediaHighlights,Southern Cross Austereo in discussions to divest regional TV assets.,Company focuses on growth in audio-driven platforms.,Challenges persist due to economic conditions and advertising downturn.,Southern Cross Austereo (ASX:SXL), a prominen...
Bell Financial Group’s $58M Proposal to Acquire Selfwealth: What It Means
November 25, 2024 11:34 AM AEDT| By Team Kalkine MediaHighlights,Bell Financial proposes $58M acquisition of,Selfwealth,via scheme of arrangement.,Deal offers a 108% premium on,Selfwealth’s,last closing price.,Completion expected by March 2025, pending approvals.,Bell Financial Group (ASX:BFG) has annou...
Centrex Limited (ASX:CXM) Faces Challenges as Share Price Plummets
November 25, 2024 11:33 AM AEDT| By Team Kalkine MediaHighlights,Centrex Limited's share price dropped significantly in the last month,.,Revenue growth over the medium term has,lagged behind,industry peers,.,The company's price-to-sales ratio reflects cautious investor sentiment,.,Centrex Limited (ASX:C...
WiseTech Global Faces Setback as FY25 Guidance Downgraded, Analysts See Buying Opportunity
November 25, 2024 11:33 AM AEDT| By Team Kalkine MediaHighlights,Guidance Downgrade,: WiseTech Global revised its FY25 revenue and EBITDA expectations downward due to delays in launching its Container Transport Optimization product.,Analysts Remain Optimistic,: Despite the selloff, brokers like Bell Pot...
Citi Raises Price Target for A2 Milk, Highlights Growth Opportunities and Dividend Policy
November 25, 2024 11:28 AM AEDT| By Team Kalkine MediaHighlights,Price Target Increased,: Citi raises A2 Milk’s (price target by 2% to AU$7.15, maintaining a "Buy" rating.,Improved Forecasts,: FY25 revenue growth revised to 7% (from 5.6%), with a 1% increase in NPAT estimates.,Growth Catalysts,: Key dri...
Evolution Mining (ASX:EVN) Outpaces Market with Impressive Earnings Growth
November 25, 2024 11:13 AM AEDT| By Team Kalkine MediaHighlights,Evolution Mining's earnings growth outpaced its share price performance over the past year,.,The company reported a robust 147% year-on-year increase in earnings per share (EPS),.,Total shareholder return (TSR) exceeded share price returns...
Bell Financial Proposes Acquisition of Selfwealth in $58 Million Deal
November 25, 2024 11:12 AM AEDT| By Team Kalkine MediaHighlights,Bell Financial Group proposes $58 million acquisition of,Selfwealth,.,Deal includes a 108% premium on,Selfwealth’s,last closing price,.,Shareholders can choose cash, scrip, or a mix of both in the offer,.,Bell Financial Group (ASX:BFG) has...
Pacific Equity Partners Proposes Acquisition of SG Fleet at $3.50 per Share
November 25, 2024 11:10 AM AEDT| By Team Kalkine MediaHighlights,SG Fleet has received a proposal from Pacific Equity Partners for a potential acquisition.,PEP seeks exclusivity until late November for due diligence and negotiations.,The offer price suggests a notable premium, with SG Fleet shares alrea...
Viva Energy Issues Employee Incentive Share to Boost Engagement
November 22, 2024 07:42 PM AEDT| By Team Kalkine MediaHighlights:,Viva Energy Group Ltd. has issued 413,094 deferred share rights as part of an employee incentive program.,The share rights, which are unquoted securities, will be issued on November 19, 2024, and are not intended for public trading on the...
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