May 22, 2023

Nobody wants Tyro Payments (ASX:TYR) – Westpac said pass and walked away last December and now its latest suitor, US private equity group Potentia, has shuffled off back to its homeland. The news saw Tyro shares lose 19% in the first hour of trading on Monday, before ending the day with a 16% loss at […]

New Hope Corp (ASX:NHC), the Queensland and NSW thermal coal exporter, revealed an upbeat performance in April’s quarterly report and also surprised with news about its China sales. But the report also confirmed the likely future pressure on revenues and earnings from 2023’s price slide for coal – especially thermal or steaming coal. New Hope

Big global investors may find out this week how Vale, the giant Brazilian miner, will handle the much-awaited sale of 10% of its base metals business. According to Wall Street analysts the possible sale could put a value of more than $US20 billion on the business, with top forecasts around $US25 billion. Besides being a

The keenly-priced $1.89 per share cash offer for Best and Less (ASX:BLG) by a group of insiders and big shareholders has been found to be not fair but reasonable in an independent expert’s report. Deloittes said in the Target statement’s independent expert report on Monday that Brett Blundy and Ray Itaoui’s is “not fair” to

The S&P 500 finished little changed on Monday as Wall Street awaited a pivotal debt ceiling meeting and government officials scrambled to avert a default. Monday’s moves brought the tech-heavy index to its highest close and highest intraday level since August. President Joe Biden and House Speaker Kevin McCarthy are set to meet Monday at

Kalamazoo Resources Limited (ASX:KZR) CEO and Chairman Luke Reinehr discusses plans to spin out the company’s lithium projects into a new ASX-listed exploration company in an agreement with TSX-listed Canadian gold miner Karora Resources. Tim McGowen: We’re talking with Kalamazoo Resources (ASX:KZR) today, market cap of around $19m. We’re joined by Luke Reinehr, who is

At the closing bell, the S&P/ASX 200 was 0.22 per cent lower at 7,263.30, with losses in the real estate and financials sector offsetting gains by tech stocks. Tyro Payments (ASX:TYR) dropped 16.6 per cent to $1.28 after news that Potentia has withdrawn from takeover discussions. City Chic (ASX:CCX) fell 1.3 per cent to 38¢

At noon, the S&P/ASX 200 is 0.3 per cent lower at 7,257.70. There is a likelihood of testing chart support below 7200 as the market enters a seasonally weak period. If the US market also declines from its level of 4200, the ASX may even reach the 6900 level. This downward trend is influenced by

Austco Healthcare (ASX:AHC) has been awarded a $3.9M contract to supply its advanced IP nurse call system for a new aged care facility. Austco Healthcare CEO, Clayton Astles, said, “This contract win is a testament to the strength of our product offering and our commitment to delivering innovative solutions.” Shares are trading 21.74 per cent

Robin Cox – Technical Director – Future Battery Minerals (ASX:FBM) is focussed on exploration for key battery minerals lithium, nickel and copper in stable pro mining jurisdictions. The company has projects with high-grade shallow nickel sulphide resources that are being driven towards development and production and projects highly prospective for large sedimentary-hosted lithium deposits.