Aristocrat Leisure Limited(ALL):
Aristocrat has satisfied all conditions and requirements necessary to acquire social gaming company Big Fish Games. Aristocrat announced the acquisition in November last year alongside its full-year results.
AuMake International Limited (AU8):
AuMake, an Australian retailer that sells local goods aimed at the Chinese, has cancelled its capital raising, as a result, AuMake will refund all application monies received, withdraw its entitlement offer and its shortfall offer, and will instead raise $14 million through selling its securities to investors at 45 cents a share.
Cellmid Limited(CDY):
An online shopping channel and Chinese demand has driven a 115 per cent jump in sales for junior biotech Cellmid’s hair growth products. Cellmid said it was the first time it had recorded sales above $2 million for the quarter, adding it was a 34 per cent increase on the highest previous quarterly result. “The substantial increase in quarterly sales was the result of continued success with television shopping channel QVC, as well as the commencement of shipping to China following receipt of import permits,” the company said.
Commonwealth Bank of Australia (CBA):
Commonwealth Bank of Australia's executives may already have a full plate but there is another strategic review that is moving up the priority list. Street Talk understands CBA remains open to divesting or outsourcing its general insurance operations and work may begin on a process later this year. Sources suggested the project was a real option even though work had not formally commenced. Last year, CBA agreed to sell its life insurance business across Australia and New Zealand to pan Asian giant AIA for $3.8 billion, following a strategic review. The divestments mean there will be little remaining in the bank's CommInsure and wealth units, except for the general insurance and financial advice platform units.
Karoon Gas Australia Limited (KAR):
Karoon Gas has finally sealed a deal to bring a partner into its exploration venture off Peru, signing up experienced UKbased Tullow Oil to help fund drilling. Tullow will take a 35 per cent stake in Karoon's permit, Block Z-38 in the Tumbes Basin, in exchange for funding a higher proportion of the cost of one well, plus an amount in cash, making the transaction work as much as $US36.5 million ($46.7 million). The sale reduces Karoon's stake to 40 per cent, with privately owned Pitkin Petroleum holding the remaining 25 per cent.
Kingsgate Consolidated Limited (KCN):
Australia-listed Thai gold miner Kingsgate Consolidated said on Tuesday that shareholders had voted to retain its current management, led by long serving chairman Ross Smyth-Kirk. Kingsgate's biggest shareholder, Metal Tiger, had sought the vote in hopes of installing its own directors in order to change tack in efforts to persuade the Thai government to allow the company's Chatree Gold Mine in central Thailand to resume operations.
QBE Insurance Group Ltd (QBE):
Insurance giant QBE has appointed Vivek Bhatia as chief executive of its Australian and New Zealand business.QBE (QBE) says Mr Bhatia - who will join the company in the first quarter of 2018 - will replace Pat Regan, who was promoted to group chief executive in September.
Rio Tinto Limited (RIO):
Rio Tinto has accepted an offer for its Dunkerque aluminium smelter, Europe’s biggest producer of the lightweight metal, from Sanjeev Gupta, the acquisitive UK industrialist. The planned purchase, which could be announced as soon as Wednesday, is the latest in a spree of deals by Mr Gupta, who over the past few years has emerged from relative obscurity to build a business empire ranging from power plants and mines to steel mills and car component makers.
Syrah Resources Ltd (SYR):
Heavily-shorted graphite miner Syrah Resources has hit speed bump in its plans to develop a beneficiation plant in Louisiana that would give it better access to lucrative battery markets.Syrah had obtained a lease to build the beneficiation plant near Port Manchac on the outskirts of New Orleans, but the port’s governing body (the South Tangipahoa Parish Port Commission) terminated that lease on Tuesday morning after local residents raised concerns about the facility's potential to affect air and water quality
Virgin australia holdings limited (VAH):
The acquisitive Chinese conglomerate HNA Group, which is under scrutiny globally over its opaque ownership structure, lodged five incomplete notices with the ASX that failed to properly disclose how its major stake in Virgin Australia was controlled. HNA has told the ASX that five substantial holder notices lodged between June 2016 and October 2017 relating to its 19 per cent stake in Virgin Australia failed to list entities that held a "relevant interest" in the airline. Under Australian corporation’s law, investors that control more than 5 per cent of an ASX-listed company must notify the company and the ASX when they increase or decrease their holding. This includes the disclosure of "relevant interest" - parties that can exercise influence over shares through ownership or other forms of control and power - that may be indirect or informal.
Vita Group Limited(VTG):
Vita Group shares are up 8.8 per cent at $1.74 after the communications equipment firm raised its earnings guidance. Earnings before interest, tax, depreciation and amortisation are expected at between $20 million for the six months to December 31, up from a previous range of between $16 million and $18 million. The firm also raised the lower limit of its fiscal-year to June 30 forecast range, to a range of $38 million to 43 million from a prior forecast range of between 36 million and $43 million Vita said that the improved forecast reflects continued focus on cost control, coupled with robust Christmas trading in its retail channel after allocations of iPhone 8 and X inventory were relaxed more quickly than anticipated.
(Source: AIMS)
Aristocrat has satisfied all conditions and requirements necessary to acquire social gaming company Big Fish Games. Aristocrat announced the acquisition in November last year alongside its full-year results.
AuMake International Limited (AU8):
AuMake, an Australian retailer that sells local goods aimed at the Chinese, has cancelled its capital raising, as a result, AuMake will refund all application monies received, withdraw its entitlement offer and its shortfall offer, and will instead raise $14 million through selling its securities to investors at 45 cents a share.
Cellmid Limited(CDY):
An online shopping channel and Chinese demand has driven a 115 per cent jump in sales for junior biotech Cellmid’s hair growth products. Cellmid said it was the first time it had recorded sales above $2 million for the quarter, adding it was a 34 per cent increase on the highest previous quarterly result. “The substantial increase in quarterly sales was the result of continued success with television shopping channel QVC, as well as the commencement of shipping to China following receipt of import permits,” the company said.
Commonwealth Bank of Australia (CBA):
Commonwealth Bank of Australia's executives may already have a full plate but there is another strategic review that is moving up the priority list. Street Talk understands CBA remains open to divesting or outsourcing its general insurance operations and work may begin on a process later this year. Sources suggested the project was a real option even though work had not formally commenced. Last year, CBA agreed to sell its life insurance business across Australia and New Zealand to pan Asian giant AIA for $3.8 billion, following a strategic review. The divestments mean there will be little remaining in the bank's CommInsure and wealth units, except for the general insurance and financial advice platform units.
Karoon Gas Australia Limited (KAR):
Karoon Gas has finally sealed a deal to bring a partner into its exploration venture off Peru, signing up experienced UKbased Tullow Oil to help fund drilling. Tullow will take a 35 per cent stake in Karoon's permit, Block Z-38 in the Tumbes Basin, in exchange for funding a higher proportion of the cost of one well, plus an amount in cash, making the transaction work as much as $US36.5 million ($46.7 million). The sale reduces Karoon's stake to 40 per cent, with privately owned Pitkin Petroleum holding the remaining 25 per cent.
Kingsgate Consolidated Limited (KCN):
Australia-listed Thai gold miner Kingsgate Consolidated said on Tuesday that shareholders had voted to retain its current management, led by long serving chairman Ross Smyth-Kirk. Kingsgate's biggest shareholder, Metal Tiger, had sought the vote in hopes of installing its own directors in order to change tack in efforts to persuade the Thai government to allow the company's Chatree Gold Mine in central Thailand to resume operations.
QBE Insurance Group Ltd (QBE):
Insurance giant QBE has appointed Vivek Bhatia as chief executive of its Australian and New Zealand business.QBE (QBE) says Mr Bhatia - who will join the company in the first quarter of 2018 - will replace Pat Regan, who was promoted to group chief executive in September.
Rio Tinto Limited (RIO):
Rio Tinto has accepted an offer for its Dunkerque aluminium smelter, Europe’s biggest producer of the lightweight metal, from Sanjeev Gupta, the acquisitive UK industrialist. The planned purchase, which could be announced as soon as Wednesday, is the latest in a spree of deals by Mr Gupta, who over the past few years has emerged from relative obscurity to build a business empire ranging from power plants and mines to steel mills and car component makers.
Syrah Resources Ltd (SYR):
Heavily-shorted graphite miner Syrah Resources has hit speed bump in its plans to develop a beneficiation plant in Louisiana that would give it better access to lucrative battery markets.Syrah had obtained a lease to build the beneficiation plant near Port Manchac on the outskirts of New Orleans, but the port’s governing body (the South Tangipahoa Parish Port Commission) terminated that lease on Tuesday morning after local residents raised concerns about the facility's potential to affect air and water quality
Virgin australia holdings limited (VAH):
The acquisitive Chinese conglomerate HNA Group, which is under scrutiny globally over its opaque ownership structure, lodged five incomplete notices with the ASX that failed to properly disclose how its major stake in Virgin Australia was controlled. HNA has told the ASX that five substantial holder notices lodged between June 2016 and October 2017 relating to its 19 per cent stake in Virgin Australia failed to list entities that held a "relevant interest" in the airline. Under Australian corporation’s law, investors that control more than 5 per cent of an ASX-listed company must notify the company and the ASX when they increase or decrease their holding. This includes the disclosure of "relevant interest" - parties that can exercise influence over shares through ownership or other forms of control and power - that may be indirect or informal.
Vita Group Limited(VTG):
Vita Group shares are up 8.8 per cent at $1.74 after the communications equipment firm raised its earnings guidance. Earnings before interest, tax, depreciation and amortisation are expected at between $20 million for the six months to December 31, up from a previous range of between $16 million and $18 million. The firm also raised the lower limit of its fiscal-year to June 30 forecast range, to a range of $38 million to 43 million from a prior forecast range of between 36 million and $43 million Vita said that the improved forecast reflects continued focus on cost control, coupled with robust Christmas trading in its retail channel after allocations of iPhone 8 and X inventory were relaxed more quickly than anticipated.
(Source: AIMS)
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