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IDT Australia’s Takeover Offer from Mynd Falls Through Amid Due Diligence Concerns
November 13, 2024 03:20 PM AEDT| By Team Kalkine MediaHighlights,Proposed,Myndbio,acquisition of IDT Australia canceled after due diligence.,Myndbio,didn’t,finalize,an updated proposal, leaving IDT to end discussions.,IDT grapples with challenges in the cannabis market and aims for future recovery.,IDT...
ASX Rebounds as Banks Decline; Mining and Tech Stocks Also Hit
November 13, 2024 03:18 PM AEDT| By Team Kalkine MediaHighlights,Australian shares reduce losses as bank stocks dip.,ANZ leads declines after going ex-dividend.,Mineral Resources pauses operations amid low spodumene prices.,Australian shares have managed to recover some losses after a morning dip, drive...
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Westgold Expands Starlight Mine by 91%, Advances Fortnum Study
November 13, 2024 03:16 PM AEDT| By Team Kalkine MediaHighlights,Westgold,Resources reports a 91% increase in the Starlight mine’s resource estimate.,New Mineral Resource Estimate (MRE) totals 12.9 million,tonnes,at 2.7 grams per,tonne,of gold.,A scoping study on expanded mining options is underway for...
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...
Can ClearVue and MGP Turn UK Buildings into Energy Hubs?
November 13, 2024 02:28 PM AEDT| By Team Kalkine MediaHighlights,ClearVue partners with UK’s MGP to merge solar and heated glass,tech.,Goal: Transform large buildings into energy-generating hubs,.,MGP to integrate ClearVue’s solar tech with heated glass in the UK.,ClearVue Technologies (ASX: CPV) has se...
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...
Mineral Resources Puts Bald Hill Mine on Hold Amid Global Lithium Price Decline
November 13, 2024 02:24 PM AEDT| By Team Kalkine MediaHighlights,Mineral Resources suspends Bald Hill mine,,impacting,300 staff.,Lithium price slump prompts multiple Australian mine closures.,MinRes,anticipates potential restart if market conditions improve.,Mineral Resources (ASX: MIN) has announced th...
Can Thunderbird's New Landholdings Boost Antimony Prospects Near Larvotto?
November 13, 2024 02:22 PM AEDT| By Team Kalkine MediaHighlights,Thunderbird Resources secures extensive land near,Larvotto’s,antimony-rich area.,Larvotto,Resources saw gains with its Hillgrove find amid China's export curbs.,Thunderbird aims to explore for both antimony and gold in the New England regi...
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:...
Tamboran Resources Accelerates Drilling Operations in Beetaloo Basin
November 13, 2024 02:18 PM AEDT| By Team Kalkine MediaHighlights,Tamboran,Resources ramps up drilling at,Beetaloo,Basin for East Coast energy supply.,Record-breaking drilling rates achieved in SS-2H ST1 sidetrack well.,Extensive stimulation campaign planned, marking a major milestone for the,Beetaloo,pr...
Overland Drilling Uncovers Uranium Potential for Australian Rare Earths
November 13, 2024 01:38 PM AEDT| By Team Kalkine MediaHighlights,Australian Rare Earths' Overland project shows signs of uranium.,Initial drilling results validate potential uranium-rich ground.,Project spans 3,000 kilometers in South Australia.,Australian Rare Earths Ltd (ASX:AR3) recently reported pro...
Is Navarre Minerals Set to Ignite Gold Exploration with ASX Re-Listing?
November 13, 2024 01:32 PM AEDT| By Team Kalkine MediaHighlights,Navarre Minerals resumes ASX trading, embarking on an extensive drilling campaign.,7,000 meters of drilling planned at Stawell Corridor Gold Project.,Successfully recapitalized, debt-free, and focused on Victoria’s gold projects.,Navarre M...
Insignia Financial Targets $200M in Annual Cost Savings by 2030 Amid Strategy Overhaul
November 13, 2024 01:31 PM AEDT| By Team Kalkine MediaHighlights,Cost Savings Target,: Insignia Financial plans to achieve AU$200 million in annual cost savings by 2030 as part of its new strategy to become Australia’s leading and most efficient wealth management company.,Revised Guidance,: The company...
Light & Wonder Reports Revenue Growth in September Quarter, Reaffirms Full-Year Guidance Amid Legal Challenges
November 13, 2024 01:28 PM AEDT| By Team Kalkine MediaHighlight,Strong Quarterly Performance,: Light & Wonder reports a 12% year-on-year increase in revenue, reaching US$817 million in Q3, driven by a 15% rise in gaming revenue.,Growth in Key Segments,: Gaming machine sales grew 38%, while its social ca...
Commonwealth Bank Shares Slide Amid Job Cuts and Economic Caution, but Outperform Rivals
November 13, 2024 01:25 PM AEDT| By Team Kalkine MediaHighlight,CBA Share Price Decline,: Commonwealth Bank of Australia shares are down 1.4% in early trade, underperforming other major Aussie banks.,Q1 FY 2025 Results,: CBA reports a 3.5% increase in operating income for the quarter, with a flat cash n...
Bell Financial Group Launches $51 Million Takeover Bid for SelfWealth at 83% Premium
November 13, 2024 01:21 PM AEDT| By Team Kalkine MediaHighlights,Takeover Offer,: Bell Financial Group has proposed an AU$51 million acquisition of SelfWealth at AU$0.22 per share.,Premium Offer,: The bid represents an 83% premium over SelfWealth’s last closing price of AU$0.12 per share.,Cash or Scrip...
JB Hi-Fi Shares Surge 90% in 12 Months, But CEO Sells $500K in Stock: What Does It Mean?
November 13, 2024 01:12 PM AEDT| By Team Kalkine MediaHighlights,Impressive Performance,: JB Hi-Fi has outperformed the ASX 200 index by 72% in the past year, with shares up 90%.,CEO Sells Shares,: CEO Terry Smart sold 6,500 shares for over AU$500,000 on November 11, reducing his indirect holdings.,Stro...
Aristocrat Leisure Posts Annual Profit Growth and Boosts Dividend on North American Success
November 13, 2024 01:08 PM AEDT| By Team Kalkine MediaHighlights,Profit Surge,: Aristocrat Leisure reported a 17% increase in normalised profit after tax for FY24, reaching AU$1.55 billion, driven by significant growth in North America.,Revenue and EBITDA Growth,: Revenue climbed to AU$6.6 billion, and...
WiseTech Global Faces Class Action Over 2020 Financial Guidance as Shares Rebound
November 13, 2024 01:06 PM AEDT| By Team Kalkine MediaHighlights,WiseTech Global faces a new class action lawsuit related to its 2020 earnings guidance and alleged misleading disclosures.,Shares of WiseTech dropped significantly in October but have since recovered to $133.21.,Law firm Phi Finney McDonal...
Hygrovest Limited Sees Growth in Net Tangible Asset Value Amid Portfolio Changes
November 13, 2024 12:49 PM AEDT| By Team Kalkine MediaHighlights,Hygrovest's pre-tax NTA per share rose by 2% in October, reaching A$0.1075.,Sale of Delivra Health Brands shares marks a strategic portfolio shift.,Weed Me remains the primary legacy investment for Hygrovest.,Hygrovest Ltd (ASX:HGV) report...
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