New Zealand-based jeweler, Michael Hill (ASX:MHJ), has closed half a dozen outlets and retrenched staff and managers in response to what it calls “challenging conditions,” which have adversely impacted profit margins, leading to earnings reductions of over 40%. In fact, the company might even report a small statutory loss for the latest half-year. “The macroeconomic […]
Michael Hill slashes outlets Read More »
The impact of the slump in global thermal coal prices has become evident in the latest quarterly reports from major coal miners and exporters, Whitehaven (ASX:WHC) and Yancoal Australia (ASX:YAL). Both companies released their latest figures on Thursday night and Friday morning. Yancoal reported its final quarter and its 2023 financial year results, while Whitehaven
Coal slump hits Whitehaven and Yancoal hard Read More »
Mesoblast (ASX:MSB; Nasdaq:MESO) announced that the United States Food and Drug Administration (FDA) has granted its allogeneic cell therapy Revascor®, a Rare Pediatric Disease (RPD) Designation. This follows the submission of results from the randomised controlled trial in children with hypoplastic left heart syndrome (HLHS), a potentially life threatening congenital heart condition. Shares are trading
Stocks of the Hour: Mesoblast, Andromeda Metals, Imugene Read More »
Australian shares have surged as they followed a tech rally on Wall Street due to positive US labor data, which boosted economic optimism and downplayed concerns about Federal Reserve interest rate cuts. The S&P/ASX 200 is 1.02 per cent higher at 7,421.40, while the All Ordinaries also made similar gains. Meanwhile, iron ore prices rebounded,
ASX up 1.02%: Wall Street rallies on Tech Read More »
South Australia has quietly emerged as BHP’s (ASX:BHP) future, with the company’s December quarter and half-year report hinting at a massive extension of its already huge Olympic Dam copper, gold, silver, and uranium deposit. Olympic Dam is already a giant, but BHP also has the highly prospective Oak Dam deposit nearby and two major copper
BHP’s South Australia expansion: Promising discoveries at Olympic Dam Read More »
Manny Anton: Good morning and welcome back to our first edition of Winston’s Weekly in 2024! I am Manny Anton, your host for today. As always we are talking today with Winston Sammut, an investment manager at Euree Asset Management. Winston has over 40 years’ investment experience, including 20 years in the listed property industry. Winston was
Winston’s Weekly: Property outlook for 2024 Read More »
