WHY A JUNIOR MINER DECIDED TO JOIN THE RANKS OF THE HOT POT STOCKS

WHY A JUNIOR MINER DECIDED TO JOIN THE RANKS OF THE HOT POT STOCKS

USUALLY, when a relatively unknown explorer experiences a sharp spike in its share price, it means they've found something valuable in the ground or they're about to start digging it up to sell.

So, when Queensland Bauxite (ASX: QBL) jumped 114% to a high of 3 cents last week it seemed logical to assume the company hit some &quot...

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HARVEY NORMAN HITS OUT AT 'FALSE NEWS' OF ASIC INVESTIGATION

HARVEY NORMAN HITS OUT AT 'FALSE NEWS' OF ASIC INVESTIGATION

RETAIL giant Harvey Norman (ASX: HVN) has vehemently rejected reports its accounts are under investigation by ASIC, saying the corporate regulator is completing a "routine review" of its books.

The company released a statement to the ASX on Thursday night in response to reports in the Sydney Morning Herald and the Australian Financi...

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RARE GOOD NEWS FOR SLATER AND GORDON AS ASIC CLOSES INVESTIGATION

RARE GOOD NEWS FOR SLATER AND GORDON AS ASIC CLOSES INVESTIGATION

ASIC has cleared Slater and Gordon of deliberately falsifying its accounts after a three-month investigation.

It stemmed from Slater and Gordon's high-profile acquisition of UK firm Quindell, which was a disaster for the Melbourne-based firm, which has lost 98 per cent of its market cap in two years.

The investigation centred on the ac...

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Q & A WITH FACEBOOK GURU ANDY MCKEON AS HE JOINS AUSTRALIAN SOFTWARE COMPANY LIVETILES

Q & A WITH FACEBOOK GURU ANDY MCKEON AS HE JOINS AUSTRALIAN SOFTWARE COMPANY LIVETILES

HE was creative director at Apple under the legendary Steve Jobs, and is now a senior Facebook executive. In his newest gig, Andy McKeon has joined the board of ASX-listed enterprise software company LiveTiles (ASX:LVT) in a major coup for the company.

Under Steve Jobs, he helped launch the iPhone, iPad, Mac and iOS software.

At Fac...

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EAST COAST PROPERTY BOOM BUILDS PROFITS FOR BRICKWORKS

EAST COAST PROPERTY BOOM BUILDS PROFITS FOR BRICKWORKS

AUSTRALIA'S residential property boom has helped drive a sharp rise in first half earnings for Brickworks (ASX: BKW), which booked a record net profit after tax of $104.1 million up 35 per cent on the prior corresponding period.

The country's largest maker of bricks and tiles posted its best ever first half revenue of $428.9 million (...

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COLLINS SUPERSIZES IN EUROPE WITH PURCHASE OF 16 KFC RESTAURANTS IN THE NETHERLANDS

COLLINS SUPERSIZES IN EUROPE WITH PURCHASE OF 16 KFC RESTAURANTS IN THE NETHERLANDS

COLLINS Foods (ASX:CKF) has stepped up its European expansion through the purchase of 16 KFC restaurants in the Netherlands for 62.3 million (AU$87.7m) from Yum! Brands.

The deal includes a development agreement with Yum! which sets out a pipeline of 20 new Collins-owned KFC restaurants in the Netherlands by 2021.

It follows the com...

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CSIRO HELPS DEVELOP AUSTRALIAN PHARMA COMPANY FROM $10 MILLION TO $305 MILLION

CSIRO HELPS DEVELOP AUSTRALIAN PHARMA COMPANY FROM $10 MILLION TO $305 MILLION

GOVERNMENT backed scientists have helped multiply the market value of a previously small Australian pharmaceutical company by 30 in seven years.

Medical Developments International Ltd (ASX: MVP) has increased in worth from less than $10 million dollars in March 2010 to more than $306 million at time of press.

The company makes Penth...

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FROM SECOND HAND MOTORCYCLE DEALER TO LEADER OF THE PACK

FROM SECOND HAND MOTORCYCLE DEALER TO LEADER OF THE PACK

MOTORCYCLE Holdings (ASX: MTO) founder and managing director David Ahmet (pictured below) says he often gets asked whether motorbikes are fad, and how long their popularity will last.

Ahmet's standard answer is, 'well they've been around for 100 years and I don't see why they won't be around for a bit longer'.

...

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NUFARM SHARES SURGE TO FIVE YEAR HIGH ON BIG TURNAROUND

NUFARM SHARES SURGE TO FIVE YEAR HIGH ON BIG TURNAROUND

After a heavy loss in 2015 because of major restructuring, crop protection company Nufarm (ASX: NUF) has swung to profit for the six months to December 31.

The Brisbane-based agricultural chemical company booked net profit after tax of $20 million, after a loss of $91 million from the same period in 2015 which was mostly due to more than...

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VILLA WORLD TAPS MARKET IN $80m CAPITAL RAISING TO RAMP UP GROWTH

VILLA WORLD TAPS MARKET IN $80m CAPITAL RAISING TO RAMP UP GROWTH

Residential property developer Villa World (ASX: VWL) is ramping up its growth strategy on Australia's east coast "hot spots" with an $80 million capital raising venture.

The Gold Coast-based company, which develops and sells residential land and buildings mostly in Queensland, NSW and Victoria, is looking to grow its inven...

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UP TO $150,000 FOR START-UP ENTREPRENEURS VISITING THE QANTAS CAPTAIN'S CABIN

UP TO $150,000 FOR START-UP ENTREPRENEURS VISITING THE QANTAS CAPTAIN'S CABIN

LIKE kids in economy invited to visit the pilot's cabin, start-up entrepreneurs and their older, worldlier siblings, scale-up bosses, are being offered a seat up front at Qantas.

"We're proud of our track record as innovators and early adopters and we think there's much more to come, so we're asking Australian and interna...

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FORMER EXECUTIVES AND DIRECTORS OF DICK SMITH TO FACE LEGAL ACTION OVER COMPANY COLLAPSE

FORMER EXECUTIVES AND DIRECTORS OF DICK SMITH TO FACE LEGAL ACTION OVER COMPANY COLLAPSE

EIGHT former senior company leaders who worked for Dick Smith are being sued in connection with the high-profile collapse of the electronics chain which left $400 million owing to creditors.

Former CEO Nick Abboud, ex-CFO Michael Potts, and former directors Bill Wavish, Phil Cave, Rob Murray, Jamie Tomlinson, Robert Ishak and Lorna Raine are ...

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VIRGIN-HNA ALLIANCE GETS PRELIMINARY APPROVAL

VIRGIN-HNA ALLIANCE GETS PRELIMINARY APPROVAL

VIRGIN Australia's proposed alliance with HNA Aviation, Hong Kong Airlines and HK Express has been given interim approval by the ACCC.

If the final ruling, due in May or June, is positive, the Brisbane-based airline will commence direct flights between Australia and Hong Kong and Australia and China, which it will codeshare with HNA.

T...

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IS MANTRA GROUP IN THE SIGHTS OF ASIAN INVESTORS?

IS MANTRA GROUP IN THE SIGHTS OF ASIAN INVESTORS?

Mantra Group (ASX:MTR) is rumoured to be a takeover target, with Asian investors and the InterContinental Hotel Group linked to the Gold Coast based hotel group.

The Australian is reporting that the speculation is taking place as major international hotel operators search for growth opportunities in Australia.

Mantra is considered a prime ...

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NEW HOPE CASHES IN ON COAL PRICE RECOVERY

NEW HOPE CASHES IN ON COAL PRICE RECOVERY

NEW HOPE Corporation is firing like a high efficiency thermal coal power plant under the power of vastly improved coal and oil prices during the six months to 31 December 2016.

The Brisbane-based diversified energy producer (ASX:NHC) has reported net profit after tax of $54.9 million for the half year, a 265 per cent increase compared to the ...

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ONLINE CAR RENTAL BUSINESS DRIVEMYCAR HITS TOP GEAR

ONLINE CAR RENTAL BUSINESS DRIVEMYCAR HITS TOP GEAR

PEER-to-peer car rental business DriveMyCar has confirmed the rapid rise in the sharing economy with a 54 per cent increase in the number of rental days so far this calendar year compared to the full December 2016 quarter.

DriveMyCar, a key business in the Collaborate Corporation Limited (ASX:CL8) stable, reported 16,766 net rental days booke...

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MYER GROWS PROFIT AMID STRONG COMPETITION AND CONSUMER FATIGUE

MYER GROWS PROFIT AMID STRONG COMPETITION AND CONSUMER FATIGUE

MYER'S half-year sales announced today have been described as "encouraging" by CEO and MD, Richard Umbers, but the retailer's shares fell 5.26 per cent on the ASX.

The market was unimpressed by a 5.3 per cent growth in profit to $62.8 million, compared to the previous corresponding period, as the company's sales dec...

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SEYMOUR WHYTE SHARES SURGE AFTER FRENCH TAKEOVER OFFER REVEALED

SEYMOUR WHYTE SHARES SURGE AFTER FRENCH TAKEOVER OFFER REVEALED

SEYMOUR Whyte (ASX:SWL) is the subject of a takeover offer from French construction giant VINCI.

The Brisbane-based engineering firm is trading up 24 per cent $1.37 per share at 12pm AEDT after releasing the details of the offer to the ASX.

The indicative, non-binding and conditional proposal proposes a price range of $1.36-$1.43 per share...

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GRACE LOVES LACE DRESSED FOR BRITISH SUCCESS

GRACE LOVES LACE DRESSED FOR BRITISH SUCCESS

IT'S safe to say that most Gold Coast brides searching for the perfect dress have, at least once, laid eyes on a number by Grace Loves Lace. The brand, founded by Megan Ziems, boasts intricate and affordable designs handcrafted exclusively from fine French and European lace and silks. Due to the success of her existing showrooms, ...

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SUNCORP TAKES 19.99 PER CENT OF NEW ZEALAND INSURER TOWER

SUNCORP TAKES 19.99 PER CENT OF NEW ZEALAND INSURER TOWER

SUNCORP Bank has taken a 19.99 per cent stake in Tower (ASX:TWR), despite having its takeover bid for the New Zealand company rebuffed in late February.

In a release to the ASX today, Tower says Suncorp (ASX:SUN) has accumulated the shares at NZ$1.40 each, a premium on its offer of NZ$1.30 per share made last month.

Suncorp had attempted t...

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NATIONAL STORAGE PACKS OUT ITS OFFERING

NATIONAL STORAGE PACKS OUT ITS OFFERING

NATIONAL Storage REIT (ASX: NSR) has announced its plans to acquire a new prime location at Bundall, adjacent to the former Masters Hardware store. The group, headed by managing director Andrew Catsoulis, has entered arrangements with Leyshon Group to jointly develop the Gold Coast site which boasts 6,900sqm of retail and warehouse space....

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COAST CONTINUES TO BREAK TOURISM RECORDS

COAST CONTINUES TO BREAK TOURISM RECORDS

IN CASE there was any doubt the Gold Coast remains one of the nation's key tourist hotspots, the city has once again beaten records for its number of international visitors in 2017. The International Visitor Survey (IVS) conducted by Gold Coast Tourism revealed a 13.9 per cent increase in visitor traffic during 2017, as a total of 1.0...

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GAS PRICES MAY FORCE BRICKWORKS TO TAKE MANUFACTURING OVERSEAS

GAS PRICES MAY FORCE BRICKWORKS TO TAKE MANUFACTURING OVERSEAS

BRICKWORKS Limited (ASX:BKW) chairman Robert Millner says soaring energy prices may force the company to turn to offshore manufacturing.

"We never thought that after 108 years of making bricks in Australia, we would now need to investigate manufacturing overseas," says Millner.

Millner says Brickworks' recent gas contract neg...

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CRE8TEK SIGNS AGREEMENT TO TEST FLAMINGO ARTIFICIAL INTELLIGENCE TECHNOLOGY

CRE8TEK SIGNS AGREEMENT TO TEST FLAMINGO ARTIFICIAL INTELLIGENCE TECHNOLOGY

CRE8TEK (ASX:CR8) subsidiary Flamingo Customer Experience has signed an agreement for a paid trial of its artificial intelligence technology with ASX-listed Australian marketplace lender, DirectMoney Limited (ASX: DM1).

This paid trial will be conducted over a six-month period, targeted to commence in the second quarter of 2017.

The Flamin...

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OMNI MARKET TIDE SEEKS NEW BACKER DESPITE 18 MONTHS OF 'DISMAL FAILURE'

OMNI MARKET TIDE SEEKS NEW BACKER DESPITE 18 MONTHS OF 'DISMAL FAILURE'

GLENN Vassallo is pushing ahead with plans to recapitalise the ASX-listed company he chairs, Omni Market Tide (ASX:OMT), after a failed reverse takeover of software company RightCrowd.

The Brisbane-based lawyer and company director (pictured) is backing the virtual shareholder engagement technology that he developed and took to the ASX t...

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VILLA WORLD ADDS CLYDE LAND TO VICTORIA DEVELOPMENT PIPELINE

VILLA WORLD ADDS CLYDE LAND TO VICTORIA DEVELOPMENT PIPELINE

HOUSING developer Villa World (ASX:VLW) has bought a 42 hectare site at Clyde, south east of Melbourne, for $33 million, adding to its growing portfolio in Victoria.

Villa World CEO and managing director, Craig Treasure, says he considers the Melbourne market to be strong right now, buoyed by population growth.

The state's new first ho...

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DREAMWORLD RECOVERY CONTINUES

DREAMWORLD RECOVERY CONTINUES

REVENUES at Dreamworld continue to improve following the tragedy at the theme park in October last year, when four people died on the Thunder River Rapids Ride.

The theme parks division of Sydney-based Ardent Leisure (ASX:AAD) recorded unaudited revenue of $4.4 million during February 2017, down 35 per cent on the previous corresponding ...

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VITA GROUP SHARES SURGE UPON RESULTS

VITA GROUP SHARES SURGE UPON RESULTS

VITA Group (ASX: VTG), the Brisbane telco retailer tied up with Telstra (ASX: TLS), saw its share price surge 12 per cent upon releasing its half year results.

Just after midday, the company's share price stabilised at around $3.20, reflecting a gain of just over 7 per cent.

The operator of Telstra stores and business centres sa...

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SONAND TURNS THE TIDE AT SURFSTITCH

SONAND TURNS THE TIDE AT SURFSTITCH

SURFSTITCH (ASX:SRF) has reduced its losses in the first half of FY17 as new CEO Mike Sonand executed his turnaround strategy.

In his first full half in charge of the Gold Coast-based action sports electronic retailer, Sonand reduced losses from continuing operations to $5.6 million, compared to $13.6 million the previous corresponding period...

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EUREKA IMPROVES WHILE MANAGEMENT REMAINS UNIMPRESSED

EUREKA IMPROVES WHILE MANAGEMENT REMAINS UNIMPRESSED

EUREKA Group has collected the gains on its 'buy and build' strategy to achieve a net profit of $6.29 million, up 72 per cent on the prior corresponding period (pcp).

The company's acquisition of 483 new freehold units helped boost total income to $15.56 million, a $9.47 million increase over pcp.

Earnings before interes...

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