Month: October 2021
A2M -11.97%: Hit hard today following their strategy update where they doused expectations for a strong rebound in the short term, instead they refocused the markets attention on the longer term strategy calling FY22 a year of stabilizing and resetting
WOW -3.24%: Lower today on a weaker than expected trading update, particularly their comments around October trading to date (post end of lockdown) having slowed further as we all go out and socialize.
CWN +8.70%: The embattled casino & property company was thrown a life line today retaining their Victorian casino license under a regime of strict conditions. While it’s clearly a positive, the conditions will be tough and the impact on earnings is hard to quantify at this stage.
SIQ -10.6%: The bid for the leasing + salary packaging business was essentially pulled today, with the private equity consortium reducing the bid price from $10.35 to $9.25 forcing SIQ’s board to walk away. The original bid was a 38.6% premium to the pre-bid price while the revised offer represents a 17.7% premium.
TLS +2.14%: Announced today they have partnered with the Australian Government to acquire the Digicel business in the South Pacific region for US$1.6bn plus up to $250m earn-outs.
PDN +4.32%: the uranium company was out with a first quarter update as they work towards a restart of mining activities at their Langer Heinrich mine in Namibia. The mine has been on care and maintenance since 2018 with a subdued uranium price making it uneconomic.
KGN +6.68%: The online retailer was out with a business update today which sent the stock to 7 week highs. The new financial year has started strong with sales up 21% on 1Q21 and while profit was down marginally vs the same period last year, it was 31% higher than the previous quarter.
KGN +6.68%: The online retailer was out with a business update today which sent the stock to 7 week highs. The new financial year has started strong with sales up 21% on 1Q21.
BHP -2.04%: a maintenance heavy first quarter weighed on the headline numbers today, however the stock held up well, falling in line with iron ore peers.
AD8 -8.67%: Q1 update today for the audio/visual tech business. While the new financial year has started well, supply chain issues weighed on the stock today. Revenue was up to $US7.6m, +46% on pcp, a record quarter for the business.
