Kogan.com LTD (KGN):
Shares in Kogan.com have surged in morning trade after the online retailer revealed a robust trading updated at its AGM today. By 11.48am (AEDT), Kogan shares had leapt 33 cents, or 8.66 per cent, to $4.14 The company (KGN) noted revenue for October had increased 36.2 per cent on last year’s numbers, while EBITDA was up 58.3 per cent for the month. It comes after the retailer significantly outperformed its forecast 2017 financial results in its first year as a public company, delivering revenue of $289.5 million, up 37.1 per cent on a year ago. Kogan said it grew its active customer base 36 per cent year-on-year.
Noni B Limited (NBL):
Noni B Group chairman Richard Facioni told shareholders at the annual meeting today it will continue to pay regular dividends now that the group has returned to profitability, while at the same time announcing up to a $5 million on-market share buyback. The objectives of the on-market share buyback are to utilise the company's surplus capital, and increase both the earnings per share and the return on equity. Based on the closing share price of $1.995 on November 16, the day before the buyback was announced, the maximum buyback would equate to about 3.1 per cent of Noni B's issued capital.
Santos Limited (STO):
A bid for Santos may trigger counteroffers for the oil and gas producer. ENN and Hony hold about a 15 per cent stake in Santos and in June agreed to coordinate investments with the Australian explorer in upstream gas and LNG production. Santos rejected the non-binding proposal received in August from Harbour because the price of $4.55 a share was inadequate and funding was uncertain. Santos shares are up 1.8 per cent this morning at $5.04.
Tabcorp (TAH) And Tatts(TTS):
The $11 billion tie-up of wagering giants Tabcorp and Tatts is in the home straight, again, after the ACCC once more gave its approval to the deal this morning. As the tribunal is satisfied that the proposed merger is likely to result in substantial public benefits and that the detriments identified by the ACCC and the interveners are unlikely to either arise or are not otherwise. In such a benefit to the public that the acquisition should be allowed to occur. The only condition imposed on the deal was that Tabcorp sell its Odyssey Gaming business in Queensland. In a statement, ACCC chairman Rod Sims hinted at the prospect of a second appeal. Tabcorp and Tatts shares are still in a trading halt, called pending the announcement.
Virgin Australia Holdings Limited (VAH):
Shares in Virigin Australia jumped as much as 23 per cent. Virgin is on track to extract close to $1 billion of costs via annualised savings of $350 million over three years. More importantly, 70 per cent of those savings will flow through to the bottom line. Virgin will be in an earnings upgrade cycle for the next 12 months at least, and those profits have already been starting to flow through. Vrigin shares are now up 11 per cent at 26¢.
（Source: AIMS）
Shares in Kogan.com have surged in morning trade after the online retailer revealed a robust trading updated at its AGM today. By 11.48am (AEDT), Kogan shares had leapt 33 cents, or 8.66 per cent, to $4.14 The company (KGN) noted revenue for October had increased 36.2 per cent on last year’s numbers, while EBITDA was up 58.3 per cent for the month. It comes after the retailer significantly outperformed its forecast 2017 financial results in its first year as a public company, delivering revenue of $289.5 million, up 37.1 per cent on a year ago. Kogan said it grew its active customer base 36 per cent year-on-year.
Noni B Limited (NBL):
Noni B Group chairman Richard Facioni told shareholders at the annual meeting today it will continue to pay regular dividends now that the group has returned to profitability, while at the same time announcing up to a $5 million on-market share buyback. The objectives of the on-market share buyback are to utilise the company's surplus capital, and increase both the earnings per share and the return on equity. Based on the closing share price of $1.995 on November 16, the day before the buyback was announced, the maximum buyback would equate to about 3.1 per cent of Noni B's issued capital.
Santos Limited (STO):
A bid for Santos may trigger counteroffers for the oil and gas producer. ENN and Hony hold about a 15 per cent stake in Santos and in June agreed to coordinate investments with the Australian explorer in upstream gas and LNG production. Santos rejected the non-binding proposal received in August from Harbour because the price of $4.55 a share was inadequate and funding was uncertain. Santos shares are up 1.8 per cent this morning at $5.04.
Tabcorp (TAH) And Tatts(TTS):
The $11 billion tie-up of wagering giants Tabcorp and Tatts is in the home straight, again, after the ACCC once more gave its approval to the deal this morning. As the tribunal is satisfied that the proposed merger is likely to result in substantial public benefits and that the detriments identified by the ACCC and the interveners are unlikely to either arise or are not otherwise. In such a benefit to the public that the acquisition should be allowed to occur. The only condition imposed on the deal was that Tabcorp sell its Odyssey Gaming business in Queensland. In a statement, ACCC chairman Rod Sims hinted at the prospect of a second appeal. Tabcorp and Tatts shares are still in a trading halt, called pending the announcement.
Virgin Australia Holdings Limited (VAH):
Shares in Virigin Australia jumped as much as 23 per cent. Virgin is on track to extract close to $1 billion of costs via annualised savings of $350 million over three years. More importantly, 70 per cent of those savings will flow through to the bottom line. Virgin will be in an earnings upgrade cycle for the next 12 months at least, and those profits have already been starting to flow through. Vrigin shares are now up 11 per cent at 26¢.
（Source: AIMS）
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