Duratec Secures Major AUKUS Wharf Contract
Duratec (ASX:DUR) landed the biggest contract in its history. The Department of Defence has awarded the Duratec Ertech Joint Venture a A$281m deal to upgrade the Diamantina Wharf at HMAS Stirling in Western Australia. Shares jumped 6.37% on Wednesday following the announcement, before settling at A$2.82 as investors took…
BHP Gains as China Lifts Six-Month Iron Ore Ban
BHP (ASX:BHP) climbed roughly 3% on Tuesday, 14 April, one of the stronger performers on the ASX 200, after China's state-backed iron ore buyer CMRG told domestic steel mills they were free to purchase BHP cargoes again. The news ends a six-month standoff that had progressively…
Yancoal's US$2.4bn Kestrel Deal: Opportunity or Risk?
Yancoal (ASX:YAL) dropped 2.35% to A$7.06 on Wednesday, falling from a previous close of A$7.23, after the company announced a binding agreement to acquire 100% of Kestrel Coal Group, which holds an 80% stake in the Kestrel Coal Mine in Queensland for up to US$2.4 billion (approximately A$3.4…
Evolution Mining Clears Debt and Hits Record Cash Flow
Evolution Mining (ASX:EVN) jumped close to 10% today after delivering one of the most significant quarterly results in its history. The company generated A$406 million in cash flow for the March quarter and crossed into net cash territory for the first time. That means Evolution Mining…
What Stagflation Means for Your ASX Holdings
Most economic problems have a straightforward solution. Growth slows too fast? The RBA cuts rates. Inflation runs too hot? The RBA hikes. Stagflation is different because it presents both problems at the same time, leaving the central bank with no clean answer. We believe Australia is now closer…
Pro Medicus Secures A$80M Amid 60% Selloff
Pro Medicus (ASX:PME) jumped 4.3% on Monday after securing a A$37 million contract renewal with Northwestern Medicine at higher per-exam fees than its original deal. That single win pushed total contract announcements to nearly A$80 million in just one month. Yet the stock still trades around A$132, down…
Cleanaway adjusts guidance: Fuel costs drive change
Cleanaway Waste Management (ASX:CWY) is trading near its 52-week low at around A$2.27, and investors are asking a fair question: Did something go wrong with this business? Just six weeks ago, management upgraded full-year EBIT guidance to A$480M to A$500M. Now the company has walked that back to…
ASX stocks in focus as blockade begins
The US naval blockade of Iranian ports went live on Monday after peace talks in Islamabad collapsed over the weekend. Brent crude jumped 7% to US$102 a barrel, a gain of roughly 40% since the war began in late February, while US crude climbed to US$104. US equity…
St Barbara Falls Despite Touquoy Approval
St Barbara (ASX:SBM) delivered two pieces of good news this week. It received approval to restart its long-dormant Touquoy gold mine in Canada, and its Simberi operation in Papua New Guinea posted its best production quarter in some time. So why are shares still falling? After a roughly 150%…
ASX Energy Stocks to Watch After Iran Ceasefire Fails
ASX energy stocks fell between 5% and 12% last Wednesday when a short-lived Iran ceasefire triggered a sharp drop in oil prices, then bounced hard after weekend talks in Islamabad broke down entirely and the White House announced a naval blockade of Iranian shipping. Brent crude…
