AGL Energy Limited (AGL):
AGL as emerged as one of the companies hoping to avoid blackouts and price spikes by getting people to turn off. The energy giant is proposing to deliver 20MW of what is called “demand response” in time for the summer electricity use peak, via business and household customers. AGL was one of 10 winners of a tender run by the Australian Renewable Energy Agency and the Australian Energy Market Operator that hopes to secure 143MW of demand response across South Australia, Victoria and NSW in time for summer. A total of $35.7m will be distributed through them to customers who can dial down or turn off power when demand spikes or there’s a disaster like the storms that blacked out South Australia in September last year.
Bellamy’s Australia Limited (BAL):
Shares in Bellamy's Australia have gained for the fourth straight day after the infant formula brand upgraded its full year guidance on Thursday. A day after the Tasmanian-based company was fined $66,000 by the corporate regulator for alleged breach of continuous disclosure last year, Bellamy's noted that early results so far in fiscal 2018 were positive. This allowed for an upgrade to revenue generated in its core business (excluding recently purchased Camperdown Powder canning facility) to 15 per cent to 20 per cent growth up from prior guidance for revenue growth of 5 per cent to 10 per cent. The stock jumped climbed 20.37 cents, or 1.84 per cent, to $1.127 Thursday morning. The prior three days it gained nearly 22 per cent.
Blackmores Limited (BKL):
Former Blackmores boss Christine Holgate has made almost $3.5 million in just six weeks after the share price of the vitamins company accelerated by almost 50 per cent on renewed positive sentiment about China demand. Ms Holgate, who begins her new role as chief executive at Australia Post on October 30 but still holds 80,438 shares in Blackmores, has been among the beneficiaries of the substantial climb in the company's shares. own as chairman in February, has watched his personal wealth jump by $181 million. The hefty share price rise came just as most investors had scaled back their expectations for the growth outlook for Australian vitamins makers compared with the extraordinary spike in demand in 2015 and early 2016.
Crown Resorts Limited (CWN):
The recent release of Crown Resorts’ employees from a Chinese jail has signalled a return of VIP gamblers to Australia, prompting analysts to boost the outlook for domestic casinos. Morgan Stanley equity analyst Monique Rooney has highlighted that recent discussions with industry contacts cemented the investment bank’s view that VIP volumes had improved over the first quarter of 2018 from the lows of 2017. “Specifically, junket operators spoke to a material improvement across both Crown’s Melbourne and The Star’s Sydney properties in recent months versus the VIP volume lows seen in 2017,” she said in a client note. The James Packer-backed Crown Resorts’ high roller business was significantly impacted by the arrest last October of Crown staff in China, the top market of its most lucrative VIP customers, amid a Beijing anticorruption crackdown.
Godfreys Group Limited (GFY):
Vacuum retailer specialist Godfreys, which has issued a string of profit downgrades since its listing in 2014, has warned that earnings for 2018 will be flat against last year as franchise fees fall. The retailer (GFY) told shareholders at its annual general meeting in Melbourne this morning that although it did expect improved performance in 2018 across its retail network and wholesale businesses, a weakening of franchise fees would hurt overall earnings. There was some hope for investors however, with chief executive John Hardy reporting that retail sales had stabilised through fiscal 2017 and were showing signs of improvement in early 2018 with the first quarter of the financial year delivering like for like store sales comparable to the same time last year.
Mantra Group Limited (MTR):
Mantra Group has reached agreement to sell all its shares to Accor in a deal worth $1.2 billion that will reshape Australia's hotel landscape. The Mantra board told the ASX on Thursday that it had entered into a binding agreement where AccorHotels will acquire all of the shares of Mantra at a price of $3.96 including a potential special dividend, by way of a scheme of arrangement. The deal will create a hotel giant with more than 300 hotels and more than 50,000 rooms - nearly five times the size of the next biggest operator, Choice Hotels. It still requires the approval of Mantra shareholders, sign off by the Foreign Investment Review Board, the Australian Competition and Consumer Commission and the Federal Court of Australia.
National Australia Bank Limited (NAB):
Workers may be waiting for their pay after an outage on Wednesday afternoon affected online banking for National Australia Bank customers. NAB offered an apology to customers on social media after becoming aware its business customers could not log onto NAB Connect, the bank's online business banking tool. NAB refused to disclose how many customers were affected by the outage.
Navitas Limited (NVT):
Rod Jones, the pioneering entrepreneur who turned education into a big business, will step down as chief executive and managing director of the $1.6 billion Navitas in June next year, the company announced on Thursday. Mr Jones will be replaced by his chief financial officer David Buckingham, the former CEO of internet services provider iiNet. The duo will work alongside each other between March and June 2018, during which Mr Buckingham will take Group CEO responsibilities and Mr Jones will serve as managing director. Mr Buckingham will assume both roles after June 30. Mr Jones will return as a non-executive director of Navitas, of which he is a major shareholder, in early to mid- 2019.
Suncorp Group Limited (SUN):
Former Microsoft managing director Pip Marlow is one of the big winners of management shakeup by Suncorp chief executive Michael Cameron who is fast tracking its controversial marketplace model. On Thursday Mr Cameron said Ms Marlow would become the CEO of its new Customer Marketplace unit, less than a year after she joined the banking and insurance group. "Over the past 12 months, we have embedded a new strategy and operating model. A more streamlined senior team will deliver the strategy more efficiently and effectively," he said in a statement. "We have brought together our customer-facing and innovation teams to fast track the delivery of our market commitments."
Westpac Banking Corporation (WBC):
Westpac conducted a trial of "intelligent deposit machines" capable of accepting large cash deposits, which are at the heart of the Commonwealth Bank's money laundering scandal, but dumped them for "risk and operational reasons". Facing questions over how banks dealt with money laundering risks through their ATM networks, Westpac chief executive Brian Hartzer on Wednesday said the bank had trialled a small number of IDMs. The Commonwealth Bank's IDMs, capable of accepting cash deposits of up to $20,000, were allegedly used by criminal gangs to launder millions of dollars, according to the financial intelligence agency Austrac. "We did experiment with some of those machines. We've since removed them all," Mr Hartzer said before the House of Representatives economics committee in Canberra.
(Source：AIMS)
AGL as emerged as one of the companies hoping to avoid blackouts and price spikes by getting people to turn off. The energy giant is proposing to deliver 20MW of what is called “demand response” in time for the summer electricity use peak, via business and household customers. AGL was one of 10 winners of a tender run by the Australian Renewable Energy Agency and the Australian Energy Market Operator that hopes to secure 143MW of demand response across South Australia, Victoria and NSW in time for summer. A total of $35.7m will be distributed through them to customers who can dial down or turn off power when demand spikes or there’s a disaster like the storms that blacked out South Australia in September last year.
Bellamy’s Australia Limited (BAL):
Shares in Bellamy's Australia have gained for the fourth straight day after the infant formula brand upgraded its full year guidance on Thursday. A day after the Tasmanian-based company was fined $66,000 by the corporate regulator for alleged breach of continuous disclosure last year, Bellamy's noted that early results so far in fiscal 2018 were positive. This allowed for an upgrade to revenue generated in its core business (excluding recently purchased Camperdown Powder canning facility) to 15 per cent to 20 per cent growth up from prior guidance for revenue growth of 5 per cent to 10 per cent. The stock jumped climbed 20.37 cents, or 1.84 per cent, to $1.127 Thursday morning. The prior three days it gained nearly 22 per cent.
Blackmores Limited (BKL):
Former Blackmores boss Christine Holgate has made almost $3.5 million in just six weeks after the share price of the vitamins company accelerated by almost 50 per cent on renewed positive sentiment about China demand. Ms Holgate, who begins her new role as chief executive at Australia Post on October 30 but still holds 80,438 shares in Blackmores, has been among the beneficiaries of the substantial climb in the company's shares. own as chairman in February, has watched his personal wealth jump by $181 million. The hefty share price rise came just as most investors had scaled back their expectations for the growth outlook for Australian vitamins makers compared with the extraordinary spike in demand in 2015 and early 2016.
Crown Resorts Limited (CWN):
The recent release of Crown Resorts’ employees from a Chinese jail has signalled a return of VIP gamblers to Australia, prompting analysts to boost the outlook for domestic casinos. Morgan Stanley equity analyst Monique Rooney has highlighted that recent discussions with industry contacts cemented the investment bank’s view that VIP volumes had improved over the first quarter of 2018 from the lows of 2017. “Specifically, junket operators spoke to a material improvement across both Crown’s Melbourne and The Star’s Sydney properties in recent months versus the VIP volume lows seen in 2017,” she said in a client note. The James Packer-backed Crown Resorts’ high roller business was significantly impacted by the arrest last October of Crown staff in China, the top market of its most lucrative VIP customers, amid a Beijing anticorruption crackdown.
Godfreys Group Limited (GFY):
Vacuum retailer specialist Godfreys, which has issued a string of profit downgrades since its listing in 2014, has warned that earnings for 2018 will be flat against last year as franchise fees fall. The retailer (GFY) told shareholders at its annual general meeting in Melbourne this morning that although it did expect improved performance in 2018 across its retail network and wholesale businesses, a weakening of franchise fees would hurt overall earnings. There was some hope for investors however, with chief executive John Hardy reporting that retail sales had stabilised through fiscal 2017 and were showing signs of improvement in early 2018 with the first quarter of the financial year delivering like for like store sales comparable to the same time last year.
Mantra Group Limited (MTR):
Mantra Group has reached agreement to sell all its shares to Accor in a deal worth $1.2 billion that will reshape Australia's hotel landscape. The Mantra board told the ASX on Thursday that it had entered into a binding agreement where AccorHotels will acquire all of the shares of Mantra at a price of $3.96 including a potential special dividend, by way of a scheme of arrangement. The deal will create a hotel giant with more than 300 hotels and more than 50,000 rooms - nearly five times the size of the next biggest operator, Choice Hotels. It still requires the approval of Mantra shareholders, sign off by the Foreign Investment Review Board, the Australian Competition and Consumer Commission and the Federal Court of Australia.
National Australia Bank Limited (NAB):
Workers may be waiting for their pay after an outage on Wednesday afternoon affected online banking for National Australia Bank customers. NAB offered an apology to customers on social media after becoming aware its business customers could not log onto NAB Connect, the bank's online business banking tool. NAB refused to disclose how many customers were affected by the outage.
Navitas Limited (NVT):
Rod Jones, the pioneering entrepreneur who turned education into a big business, will step down as chief executive and managing director of the $1.6 billion Navitas in June next year, the company announced on Thursday. Mr Jones will be replaced by his chief financial officer David Buckingham, the former CEO of internet services provider iiNet. The duo will work alongside each other between March and June 2018, during which Mr Buckingham will take Group CEO responsibilities and Mr Jones will serve as managing director. Mr Buckingham will assume both roles after June 30. Mr Jones will return as a non-executive director of Navitas, of which he is a major shareholder, in early to mid- 2019.
Suncorp Group Limited (SUN):
Former Microsoft managing director Pip Marlow is one of the big winners of management shakeup by Suncorp chief executive Michael Cameron who is fast tracking its controversial marketplace model. On Thursday Mr Cameron said Ms Marlow would become the CEO of its new Customer Marketplace unit, less than a year after she joined the banking and insurance group. "Over the past 12 months, we have embedded a new strategy and operating model. A more streamlined senior team will deliver the strategy more efficiently and effectively," he said in a statement. "We have brought together our customer-facing and innovation teams to fast track the delivery of our market commitments."
Westpac Banking Corporation (WBC):
Westpac conducted a trial of "intelligent deposit machines" capable of accepting large cash deposits, which are at the heart of the Commonwealth Bank's money laundering scandal, but dumped them for "risk and operational reasons". Facing questions over how banks dealt with money laundering risks through their ATM networks, Westpac chief executive Brian Hartzer on Wednesday said the bank had trialled a small number of IDMs. The Commonwealth Bank's IDMs, capable of accepting cash deposits of up to $20,000, were allegedly used by criminal gangs to launder millions of dollars, according to the financial intelligence agency Austrac. "We did experiment with some of those machines. We've since removed them all," Mr Hartzer said before the House of Representatives economics committee in Canberra.
(Source：AIMS)
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