HMC Capital gains KKR backing, but shares slip
HMC Capital (ASX: HMC) jumped as much as 7.7 per cent to A$4.34 after landing a major deal with global investment powerhouse KKR, which will pour up to A$603 million into HMC's Energy Transition Platform. However, the early gains didn’t last. By the end of the day,…
Web Travel drops due to the Spanish tax audit
Web Travel Group (ASX: WEB) crashed as much as 41 per cent on Friday, hitting a multi-year low of A$2.47 before closing at A$2.96, roughly 30 per cent below its previous close of A$4.20. The trigger was news that Spain's tax authority had started an audit…
We can say that most Australians stopped talking about inflation as a shock. It had already done its damage. Instead, people were dealing with its consequences, high prices that remained unchanged even when the headlines calmed down.
Life did not suddenly become cheaper. It just stopped getting worse at the same rate.
What are the Best ASX…
Immutep (ASX: IMM) has pulled back roughly 22 per cent from its recent 52-week high near A$0.46, settling around A$0.36 this week. The selloff comes despite no change to the company's clinical outlook and follows a strong rally that began in early December after Immutep signed a landmark licensing deal with Dr Reddy's Laboratories.
What…
Electro Optic Systems (ASX: EOS) has been placed in a trading halt at A$6.00 after falling roughly 33 per cent in the past week. The stock hit an all-time high of A$11.20 on 13 January, meaning it has now lost nearly half its value from that peak. The trigger is a report from US-based short…
Lotus Resources (ASX: LOT) shares fell sharply on Friday, dropping 28% from A$2.88 to A$2.08. The fall happened after the company announced it would raise A$76 million by selling new shares at A$2.15 each. That price was much lower than where the stock was trading the day before, about 25% cheaper. Because of this, existing…
SKS Technologies jumps on new contracts and stronger margins
SKS Technologies (ASX: SKS) jumped 8.5 per cent to A$3.83 on Thursday after landing A$60 million in new contracts and raising its profit outlook. The company now expects to bring in A$340 million in revenue this financial year, up from its earlier forecast of A$320 million.…
ASX uranium stocks fell after AMD shocked the AI trade
ASX uranium stocks took a sharp hit this week after AMD (NASDAQ: AMD) shares plunged 17% when its quarterly guidance failed to match elevated AI growth expectations. The selloff spread quickly, with investors connecting the dots: if AI chip demand slows, fewer data centres get…
Beach Energy dips on profit, while Waitsia lifts the outlook
Beach Energy (ASX: BPT) dropped more than 4 per cent to A$1.20 on Thursday after reporting half-year production down 7 per cent to 9.5 million barrels of oil equivalent and underlying net profit off 8 per cent to AUD 219 million. At first, the numbers…
MAAS Group drops 27% after a major division sale
MAAS Group Holdings (ASX: MGH) plunged 27 per cent to A$4.11 on Thursday after announcing the sale of its construction materials division to Heidelberg Materials Australia for up to A$1.703 billion. The math looks attractive on the surface; the deal proceeds equate to roughly A$4.69 per…
