October 2024

Melbana Energy (ASX:MAY) has reported significant progress in its oil exploration and production activities for the quarter ending 30 September 2024, with the company’s flagship Block 9 project in Cuba moving closer to production. The Block 9 PSC, in which Melbana holds a 30% participating interest and operates, is gearing up for the export of […]

Hillgrove Resources (ASX:HGO) has reported a substantial increase in its Mineral Resource Estimate (MRE) and the establishment of a Maiden Ore Reserve at its wholly owned Kanmantoo Copper Mine in South Australia. This development highlights the project’s significant potential and strengthens the company’s resource portfolio. Shares are trading 7.2 per cent higher at 6.7 cents.

At noon, the S&P/ASX 200 is 0.78 per cent lower at 8,293.90. The SPI futures are pointing to a fall of 59 points. Best and worst performers All sectors are in the red. The sector with the fewest losses is Financials, down 0.18 per cent. The worst-performing sector is Utilities, down 2.39 per cent. The

Charter Hall Retail REIT (ASX:CQR) has increased its offer to acquire Hotel Property Investments (ASX:HPI), raising the bid from $3.65 to $3.85 per security. The revised offer, announced on 18 October 2024, is being positioned as the best and final offer, with no further increases expected. Charter Hall, which already holds a 14.8% stake in

Atlas Arteria (ASX:ALX) reported solid financial results for Q3 2024, with toll revenue increasing by 5.0% compared to the prior year. This growth was supported by a 0.6% rise in weighted average traffic across the company’s portfolio. The robust traffic performance was attributed in part to the Paris Summer Olympics, which boosted traffic in August,

Australian Finance Group (ASX:AFG) has reported solid performance despite facing pressures from a competitive mortgage market in FY24. Revenue for the year reached $1.07 billion, reflecting a 7.2% growth from the prior year. However, the group’s net profit after tax (NPAT) fell to $29.0 million, down 22% year-on-year, primarily due to tighter margins in its

Beach Energy has reported a solid start to FY25, with production rising 10% quarter-on-quarter, driven by its successful projects in the Otway and Bass Basins. The company’s first-quarter report highlights total production of 5.2 million barrels of oil equivalent (MMboe), up from 4.8 MMboe in the previous quarter. This growth was underpinned by a 24%

EVT Limited has announced plans to prioritise its hotel segment for future growth following a mixed financial performance in 2024. With revenue increasing by 3.9% to $1.22 billion, EVT (ASX:EVT) has placed a strategic emphasis on its expanding hotel portfolio, which delivered strong results despite challenges in other segments like entertainment and alpine resorts. At

RPMGlobal (ASX:RUL) has reported a significant increase in its market capitalisation and strong financial performance, capping off a successful FY24. The company, which provides software and advisory services to the mining sector, saw its market cap more than double to $660 million, a 105% rise from the previous year. This growth was largely driven by

Aerometrex (ASX:AMX) has secured a significant new LiDAR contract worth approximately $0.85 million with Australian AgTech company Agronomeye. The contract will see Aerometrex provide high-resolution LiDAR data to support the development of landscape models and carbon farming projects. This collaboration aims to enhance sustainable land management practices by integrating Aerometrex’s LiDAR data into Agronomeye’s AgTwin™