From Binge to Battle
The Warner Bros Discovery (NSDQ:WBD) acquisition saga has escalated into a high-stakes bidding war, with Netflix (NSDQ:NFLX) securing an initial deal for key assets and Paramount Global (NSDQ:PARA) launching a hostile takeover bid for the entire company. It almost feels like a poker match, Paramount holding pocket aces and Netflix sitting…
Market news
On Monday December 22, the ASX quarterly rebalance will be effective. Stocks will be promoted into new indices, while others will be demoted. It is important to note from the outset the June and December rebalances only involve the ASX 50, ASX 100 and ASX 200 indices whilst the March and September rebalances also involve…
Bass Oil Lands Origin Energy Agreement
Bass Oil Limited (ASX:BAS) delivered a major re-rating today, with the share price surging 129% after announcing a Gas Sales Agreement (GSA) with Origin Energy, one of Australia’s largest gas and electricity wholesalers. The agreement covers the supply of gas from the Vanessa Gas Project, which Bass is in…
Just months ago, investors were betting on rate cuts to ease pressure on borrowers. That narrative has shifted dramatically. Inflation in Australia rose to 3.8% in October, above the RBA’s target of 2–3%. As a result, markets now see a 70% chance of at least one rate hike before the end of 2026. The RBA…
Premier’s Post-Myer Makeover Hits Shares
Premier Investments (ASX:PMV) fell 15% today after the company, which owns Peter Alexander and Smiggle, completed a major corporate transformation in FY25. Earlier this year, Premier sold its Apparel Brands division to Myer Holdings in January 2025 and returned more than A$1 billion in value to shareholders through a fully…
Should the ASX be threatened by Cboe Australia? And will a potential SGX takeover make a difference?
Many investors may not have heard of Cboe Australia, or even known what it does. That all may be about to change. Yes, there have been rumours that Singapore's Exchange (the SGX) could take it over. But whether that happens or not, an ASIC decision happened a couple of months ago that could have an…
Vulcan’s $1B Raise Comes at a 34% Discount
Vulcan (ASX: VUL) announced today that it has completed its institutional placement at an offer price of A$4 per share. This represents a steep 34% discount to the last traded price of A$6.31 and a 21 percent discount to the theoretical ex-rights price of A$5.06. The institutional…
Step One Falls Flat
Step One (ASX: STP) experienced a heavy re-rating today, falling 35% in a single session. That is a substantial hit for any investor owning shares. The catalyst was the release of its H126 trading update, and the numbers came in well below expectations. Revenue is now forecast to land between A$30…
Australian GDP in Q3 shows that its economy is...complicated. Growth is stronger than last year, but the latest quarterly numbers fell short of expectations. Australia’s GDP rose by 0.4% in the September quarter, missing market expectations of 0.7%, according to data released by the Australian Bureau of Statistics. While annual GDP accelerated to 2.1%, the…
Montage Gold’s A$264m takeover ignites rally in African Gold
African Gold (ASX: A1G) has entered into a Scheme Implementation Deed with Montage Gold Corp, under which Montage will acquire African Gold in an all-scrip transaction. The announcement triggered a sharp 65% surge in African Gold’s share price.
Under the terms of the deal, African Gold shareholders…
