African-focused gold miner Perseus Mining (ASX:PRU) on Wednesday announced a higher dividend and share buyback, reflecting the company’s robust financial performance. The surge in global gold prices during the past year significantly boosted revenue and earnings. Profit after tax climbed 14% to a record $US364.8 million ($A536.94 million) on a 7% increase in revenue to […]
Perseus Mining raises dividend Read More »
Lynas Rare Earths (ASX:LYC) weathered the global rare earths market downturn and still managed to report a profit, albeit significantly lower than the previous year. Like its lithium peer, Pilbara Minerals, Lynas demonstrated resilience in the face of declining demand for these exotic minerals. Both companies experienced reduced revenue and earnings due to weaker demand
Lynas rides out rare earth storm Read More »
Nine Entertainment (ASX:NEC) has confirmed that the country’s media sector is struggling, with declining revenue and earnings. However, unlike its rivals, Seven and Ten, Nine will still pay a dividend, albeit at a lower rate of 8.5 cents per share for the year. Like its competitors, Nine has been forced to lay off hundreds of
Nine Entertainment reports tough year for media sector Read More »
The Australian share market closed flat on Wednesday, with consumer staples offsetting losses in commodity stocks. Woolworths’ strong earnings boosted the consumer staples sector, while lower iron ore and uranium prices weighed on mining and energy stocks. Despite a mixed trading session, investors were generally optimistic about the market’s overall direction, with several companies reporting
ASX closes flat as Woolworths reports results Read More »
Companies discussed include: Bank of Queensland Limited (ASX:BOQ)Inghams Group (ASX:ING)Qube Holdings (ASX:QUB)
Analysis of Bank of Queensland, Inghams Group, Qube Holdings Read More »
Sequoia Financial Group Limited (ASX:SEQ) CEO and Managing Director Garry Crole and CFO and COO Lizzie Tan discuss the group’s financial results for the year ended 30 June 2024. Highlights include:Revenue $124.6m, up 26 per cent on PCPOperating profit $8.7m, up 88 per cent on PCPNPAT $24m, up 1,012 per cent on PCPOperating cashflow $4.8m,
Sequoia Financial Group (ASX:SEQ) FY24 financial results Read More »
To register for Friday’s webinar click here. Felix Gold (ASX:FXG) reported high-grade antimony assay results at its Treasure Creek Project in Alaska. The company is assessing the viability of near-term antimony production due to the presence of high-grade antimony and the historical success of antimony production in the area. Shares are trading 100 per cent
Stocks of the Hour: Felix Gold, Macro Metals, Critical Resources Read More »
The monthly headline consumer price index (CPI) in Australia decelerated to 3.5 per cent year-on-year in July, down from 3.8 per cent in June, slightly exceeding analysts’ expectations of 3.4 per cent. This slowing inflation is significant as the Reserve Bank of Australia (RBA) has maintained the cash rate steady since November, seeking signs of
ASX down 0.7% near noon: CPI decreases to 3.5% in July Read More »
Focused on supplying high-purity manganese for electric vehicles, Euro Manganese Limited (ASX:EMN) is advancing a project in the Czech Republic that repurposes historical mine tailings. The company’s recent offtake agreement with Wildcat Discovery Technologies is a significant milestone, with more agreements and funding efforts planned for the near future. Peter Milios: I’m Peter Milios from
Euro Manganese (ASX:EMN) – developing the only source of high-purity manganese in the EU Read More »
A slightly higher average price for 2023-24 helped Fortescue (ASX:FMG) offset a dip in exports, resulting in a solid rise in earnings and a higher dividend for the year to June. However, according to some analysts, the actual result fell short of overly optimistic estimates, despite being the third highest in the company’s history. Fortescue
Higher iron ore prices boost Fortescue revenue Read More »
