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News
Shares plunged as Suncorp’s Australian Life Insurance business fell apart
September 04, 2018 08:36 AM AEST| By Team Kalkine MediaSuncorp Group?s stock was arrowed down on ASX today after the company inked a share sale deed with TAL Dai-ichi Life Australia Pty Ltd to sell its Australian life insurance business for total consideration of approximately $725 million. As recently...
8 Stocks hogging the limelight – GXY, MNS, AGY, RAP, 4CE, GGG, BUB and PLS
September 04, 2018 07:35 AM AEST| By Team Kalkine MediaGALAXY RESOURCES LIMITED (ASX: GXY) ? The company?s cash balance as of 1H 2018 is at $US45.1 million. Excluding the shipping revenue from the total, the revenue from sales of spodumene was $84.64 million for the period ending June 30, 2018, which dec...
Yellow Brick stands still on takeover bid rejection
September 04, 2018 06:17 AM AEST| By Team Kalkine MediaDirectors of Yellow Brick Road Holdings Limited remain still on their decision to reject the takeover bid offer given by Mercantile OFM Pty Ltd, a wholly-owned subsidiary of Mercantile Investment Company Ltd. On 20 August 2018, Mercantile OFM Pty Lt...
Kogan.com had a bad “mourning” today!
September 04, 2018 05:00 AM AEST| By Team Kalkine MediaInformation technology company Kogan. Com?s stock was dragged down on ASX today after the company confirmed the sale of equity interest by directors. In the release published today morning, the company confirmed that founder Ruslan Kogan and chief...
Glyphosate suspension cancelled: Nufarm
September 04, 2018 04:03 AM AEST| By Team Kalkine MediaCrop protection company Nufarm Limited today announced that the Brazilian court has now cancelled the glyphosate products suspension. Glyphosate is an herbicide that is used to control crop damages from weed. The suspension came into effective earli...
6 Stocks doing well- IMS, EWC, PLC, LCK, ANS and AXP
September 03, 2018 03:02 PM AEST| By Team Kalkine MediaIMPELUS LIMITED (ASX: IMS) - The company has an operating revenue of $25.51 million and has a normalized EBITDA of $5.93 million in the FY 2018. In line with the expectations for the FY 2018, the company reported EBITDA of $4.55 million. With an expa...
5 stocks being talked about on ASX - RAP, AHZ, LPD, CLA and CCZ
September 03, 2018 02:37 PM AEST| By Team Kalkine MediaRESAPP HEALTH LIMITED (ASX: RAP) ? It is under the health care sector and as a leading digital company, from the Australian Prospective Paediatric Clinical study, it has announced positive top-line results. As reported by the company down by 57% comp...
5 Popular Names plunging on ASX - WSA, BAL, RIO, TLS and FMG
September 03, 2018 02:22 PM AEST| By Team Kalkine MediaWESTERN AREAS LIMITED (ASX: WSA) - The company with more than 4,000 meters of planned drilling at the Investigators Prospect, has resumed the diamond drill program at the Mt Alexander Project. Despite the lower sales volume, the EBITDA is up by 62% f...
4 Stocks gaining momentum – SDA, SBM, WHC and RHC
September 03, 2018 02:11 PM AEST| By Team Kalkine MediaSpeedcast International Limited (ASX: SDA) - The stock was trading at a market price of $4.540. The stock has however, undergone a performance change of 16.48% over the past 12 months. From US$246.3 million in 2017 to US$304.9 million in 1H 2018, the...
Rural Funds Group (ASX: RFF)- Rural Funds Group announces higher distribution on 29% growth in income
September 03, 2018 01:13 PM AEST| By Team Kalkine MediaRural Funds Group announced final distribution of 2.6075 cents per stapled security on increased earnings of $44 million, an improvement of 29% on previous year. This increase of $9.77 million is mainly attributable to lease income earned from the Na...
Pro Medicus Limited (ASX: PME)- Pro Medicus’ shares are on fire today
September 03, 2018 01:07 PM AEST| By Team Kalkine MediaPro Medicus? (ASX: PME) stock jumped 6.869% to $10.890 on 3 September 2018 after the healthcare technology company recently announced strong full years results for the period ended 30 June 2018. Profit after tax has gone up by 36.7% to $12.74 millio...
ResMed sues Fisher & Paykel for Patent Infringement
September 03, 2018 12:57 PM AEST| By Team Kalkine MediaFisher & Paykel?s stock got dragged down 3.069% to $14.530 on getting hit by patent infringement allegation filed by California-based ResMed. In a recent update it was revealed that on Saturday 1 September 2018 medical equipment company ResMed h...
Transurban bags FIRB approval for Westconnex acquisition
September 03, 2018 12:53 PM AEST| By Team Kalkine MediaAfter successfully winning the acquisition bid, Transurban Group (ASX: TCL) has bagged Foreign Investment Review Board (FIRB) approval to acquire 51% stakes in Sydney?s Westconnex motorway from the Government of New South Wales. It has been announced...
New Chinese e-commerce law says hello to A2M
September 03, 2018 09:03 AM AEST| By Team Kalkine MediaThe A2 Milk company (ASX:A2M) today released the statement on new e-commerce law introduced by Chinese government. Late on 31 August 2018, the legislative body of the Government of China passed new e-commerce law in China, effective from 1 January 20...
Evolution joins Andromeda in gold exploration project
September 03, 2018 07:39 AM AEST| By Team Kalkine MediaEvolution Mining Limited has entered into an earn-in joint venture agreement with Andromeda Metals Limited (APN) over their wholly owned Drummond Gold Exploration Project located in north Queensland. Close to EVN?s Mount Carlton operations, Drummond...
Experience company announces amendment to FY18 results release
September 03, 2018 07:08 AM AEST| By Team Kalkine MediaIn an early trade today, i.e. 3 September 2018, EXP stock rebounded 0.765% to $0.395 after the company announced amendment in FY18 results in relation to intersegment cost and revenue adjustments. Following the release of last twelve months results...
NetComm inks a new deal with Nbn to supply Gfast High Port count DPUs
September 03, 2018 05:47 AM AEST| By Team Kalkine MediaTelecom products developer NetComm Wireless Limited today announced the extension of agreement with NBN Co. Ltd to supply Gfast High port count DPUs on the terms of initial minimum order of 10,000 units over an 18-month period. This high port count...
Northern Star successfully raises $175 million to fund Pogo acquisition
September 03, 2018 04:19 AM AEST| By Team Kalkine MediaFollowing to the trading halt announced on 30 September 2018, Northern Star?s stock took a leap of 18.10% to $8.220 in early trade today as the company announced successful completion of $175 million institutional placement. Northern Star Resources...
Freedom Food’s stock soar on higher profit
September 03, 2018 04:07 AM AEST| By Team Kalkine MediaFreedom Food?s FY18 statutory net profit increased 68.7% to $12.7 million on the launch of 70 new product formats including A2 protein milk variants. Annual net sales increased to $353 million, up 34.5% on FY17, in which dairy segment has been the pr...
Retailer Harvey Norman profit crashed to $375.38 million
September 03, 2018 03:56 AM AEST| By Team Kalkine MediaHarvey Norman Holdings Limited?s profit after tax fell 16.4% to $375.38 million due to massive decline in franchise operation and property segment for the year ended 30 June 2018. Earnings before interest and tax decreased to $556.52 million, down 15...
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