QX Resources Limited (ASX:QXR) Managing Director Steve Promnitz discusses movements in the lithium price and recent drill results. Paul Sanger: We’re talking today with QX Resources (ASX:QXR), and QXR has a market cap of around $29m. QX Resources is focused on exploration and development of battery minerals with hard rock lithium assets in a prime […]
Encouraging results at Liberty Lithium Read More »
On Thursday, the benchmark S&P/ASX 200 rose 0.3% to 7638.4 points, with the utilities sector up 1%, led by AGL Energy’s 10.3% surge after reporting a profit of $576 million for the six months to December. Cochlear also impressed investors, raising its earnings guidance for 2024, while REA Group’s caution about higher operating expenses led
ASX closes 0.3% higher: Cochlear upgrades FY24 earnings guidance Read More »
Another month of falling consumer and producer prices in China underscores the country’s weak activity and demand. However, a slight silver lining emerged in the consumer price data. Data from the National Bureau of Statistics (NBS) revealed that the country’s Consumer Price Index fell by 0.8% in January, marking the fourth consecutive month of headline
China’s deflation woes persist Read More »
In August, Charter Hall Long WALE REIT indicated its intention to sell assets to manage gearing after suffering significant write-downs and asset devaluations, leading to a loss of $189 million for the 2022-23 financial year. The driver behind this loss was a $362.7 million downward revaluation of its $6.8 billion portfolio, including office buildings, warehouses,
Charter Hall Long WALE REIT faces asset sales Read More »
Mark Freeman, Managing Director, CEO and Portfolio Manager of AMCIL (ASX:AMH), discusses FY24 half-year results. Geoff Driver: Welcome. My name’s Geoff Driver, General Manager, Business Development and Investor Relations for AMCIL Limited. I have with me today Mark Freeman, who’s the CEO and Managing Director of AMCIL, but also the Portfolio Manager for AMCIL Limited.
AMCIL (ASX:AMH) FY24 half-year results Read More »
CEO and Managing Director Mark Freeman and Portfolio Manager David Grace discuss the FY24 half-year results of Australian Foundation Investment Company (ASX:AFI). Geoff Driver: Welcome. My name’s Geoff Driver, General Manager, Business Development and Investor Relations for Australian Foundation Investment Company. I have with me today Mark Freeman, the CEO and Manager Director of Australian
Australian Foundation Investment Company (ASX:AFI) FY24 half-year results Read More »
In the midst of ongoing confusion surrounding Sydney’s troubled Rozelle traffic interchange, Transurban (ASX:TCL), the toll road giant, remains resolute in its financial projections. Despite the interchange’s tumultuous reception since its late 2023 opening, the Melbourne-based company is forecasting a robust 7% rise in distributions for the fiscal year ending June. CEO Michelle Jablko, in
Transurban forecasts 7% distribution increase amidst Rozelle interchange confusion Read More »
Property and retailing group Mirvac (ASX:MGR) has recorded statutory losses totaling $366 million for the 18 months ending December 31, with an additional $201 million loss for the six months leading up to that date. The company experienced a significant downturn, transitioning from a $215 million profit in December 2022 to a loss of $201
Mirvac reports $366 million loss Read More »
To register for Friday’s webinar click here. QX Resources (ASX:QXR) announced that numerous brine aquifers were successfully intersected in the second hole of a two-hole diamond drill (DD) program over the large scale Liberty Lithium brine project in California, USA. The results and interpretations from drillhole 1 are expected in mid-February, with drillhole 2 results
Stocks of the Hour: QX Resources, Chimeric Therapeutics, Alliance Nickel Read More »
The S&P/ASX 200 rose by 0.4% by almost midday, with gains from Cochlear and AGL being counteracted by a decline in REA Group. Cochlear saw a notable 6% increase to $308.52 following an upward revision of its profit guidance for the financial year 2024, attributed to its successful direct-to-consumer strategy, while AGL’s strong performance led
ASX up 0.4%: Utilities rises by over 2% Read More »
