The Star's growth dims as the financial year closes in

The Star's growth dims as the financial year closes in

Growth revenue is softening for The Star Entertainment Group (ASX: SGR) due to various challenges faced by the company. Between 1 January and 8 June 2019 domestic revenue only rose 0.3 per cent year-on-year. International VIP trends continue to fall as was the case in 1H19, with turnover down 31.1 per cent in 2H19 thus far. As a r...

Read More...
Blue Sky CEO no longer required

Blue Sky CEO no longer required

Blue Sky has announced it no longer requires a CEO and has said farewell to Joel Cann (pictured) in a rather unceremonious fashion. Blue Sky, currently in receivership since 20 May, released the news in a curt announcement to the ASX. As a result, CEO Joel Cann left Blue Sky last Friday. Cann was only in the position of CEO for just o...

Read More...
Let's get physical: Viva Leisure lists on the ASX

Let's get physical: Viva Leisure lists on the ASX

Viva Leisure (ASX: VVA) has become the first health club group to list on the ASX this morning following a heavyweight $20 million IPO. The Canberra-based company has operated in the health, fitness and aquatic centre space since 2004, and now has 33 different locations under its wing. Its portfolio of brands includes Club Lime, Hiit ...

Read More...
LandMark White suspended from trading for the second time this year

LandMark White suspended from trading for the second time this year

Listed property valuer LandMark White (ASX: LMW) has been suspended from trading on the ASX following a second data breach of company documents. This suspension is the second this year for LMW which is attempting to repair its reputation with key banking clients. Following the second data breach, which was announced at the end of June...

Read More...
Creso Pharma to be acquired for $122 million by Canadian company

Creso Pharma to be acquired for $122 million by Canadian company

Australian medicinal cannabis company Creso Pharma (ASX: CPH) has announced that it has entered an agreement to be acquired by a PharmaCielo for $122 million. PharmaCielo is a cannabis group listed on Canada's TSX Venture Exchange, with a market capitalisation of $675 million. The Canadian company is the parent of the largest cann...

Read More...
BOQ names George Frazis as new CEO

BOQ names George Frazis as new CEO

The Bank of Queensland (ASX: BOQ) has appointed former Westpac executive George Frazis as its new CEO. Frazis is the successor of Jon Sutton who resigned from the position in December 2018 to focus on his long-term health following a triple heart bypass. The new CEO of BOQ comes with an impressive resume and 17 years of experience in ...

Read More...
ASIC charges former Octaviar CFO with fraud

ASIC charges former Octaviar CFO with fraud

Just two years after he was banned from managing a corporation and ordered to pay $205 million to aggrieved shareholders in a failed fund, former Octaviar CFO David Anderson has been charged with 26 counts of fraud. As a publicly listed company with interests in the financial services, travel, leisure and childcare sectors, Gold Coas...

Read More...
Class action to be brought against Suncorp Super

Class action to be brought against Suncorp Super

William Roberts Lawyers and Litigation Capital Management (LCM) have partnered up to bring a class action against Suncorp Group's super funds trustee. The proposed class action will be brought on behalf of members of Suncorp Super Funds to recover compensation for those whose accounts were impacted by charges used to pay conflicted re...

Read More...
Althea launches medicinal cannabis prescriber platform in the UK

Althea launches medicinal cannabis prescriber platform in the UK

Following the success of its prescriber platform in Australia, listed cannabis company Althea (ASX: AGH) has launched a similar set-up in the United Kingdom. Called Althea Concierge UK the medical education platform, first launched in Australia in September 2018, provides clinical evidence for healthcare professionals looking to prescribe...

Read More...
Thorn Group fights for survival following 676 per cent nosedive

Thorn Group fights for survival following 676 per cent nosedive

Thorn Group (ASX: TGA) has reported a statutory net loss after tax of $14.9 million for the 2019 financial year, casting doubt on whether it will exist in the foreseeable future. The loss marks a staggering 676 per cent drop from FY18 and is well below guidance issued on 1 April 2019, which foreshadowed a loss of only $8 million. The ...

Read More...
The formula that will take an ASX-listed dairy giant to the next level

The formula that will take an ASX-listed dairy giant to the next level

Listed dairy farmer Australian Dairy Nutritionals (ADN, ASX: AHF) is poised to watch its business take off. The company is on the cusp of becoming a fully fledged player in the lucrative infant formula space, pending the relocation and launch of an offshore plant it agreed to acquire last month. Due diligence has now been completed on...

Read More...
Shareholders punish Apollo for sudden profit guidance slash

Shareholders punish Apollo for sudden profit guidance slash

"Deteriorating" trading conditions are to blame for Apollo Tourism & Leisure's (ASX: ATL) slashed profit guidance. The company expects FY19 statutory NPAT to be between $14 million and $15.5 million. This is down from a healthy $17.5 million and $19.5 million that the company expected at the beginning of May, just 28...

Read More...
Oliver's on track to black after founder returns

Oliver's on track to black after founder returns

Oliver's Real Food (ASX: OLI) appears to have everything back in place following the return of its founder to the role of CEO in March. The company was in dire straits before the return of founder Jason Gunn (pictured). Shares were nosediving, profits were slashed, and the company was bleeding out cash. But it looks as if the grou...

Read More...
GetSwift shares back on deck after trading lockdown

GetSwift shares back on deck after trading lockdown

A clarification has seen GetSwift shares fall back down to earth by more than 10 per cent in afternoon trading.  Shares in GetSwift (ASX: GSW) are trading once more after the logistics group responded to ASX concerns over an undisclosed partnership with a Kuwaiti fast food company. Trading was suspended for the embattled tec...

Read More...
Uniti Wireless pursues aggressive growth after $15 million raise

Uniti Wireless pursues aggressive growth after $15 million raise

Adelaide-based telecommunications company Uniti Wireless (ASX: UWL) has raised $15 million in order to pursue an "aggressive" growth strategy. The company raised the $15 million from a placement of 15 million new shares at $1 per share, representing a premium of 26 per cent. The company sought to raise $10 million minimum bu...

Read More...
Blue Sky breakaway fund wants Wilson to take the reins

Blue Sky breakaway fund wants Wilson to take the reins

After confirming its solvency and separation from its former parent company now in receivership, Blue Sky Alternatives Access Fund (ASX: BAF) is now taking steps to change its management and cut ties to the mothership once and for all. In a letter to shareholders today, BAF chairman Michael Cottier (pictured) said a proposal wou...

Read More...
Vocus receives $3.3 billion takeover offer

Vocus receives $3.3 billion takeover offer

Internet service provider Vocus (ASX: VOC) has received a non-binding $3.3 billion takeover bid from private equity firm EQT Infrastructure. The proposal would see EQT acquire all shares in Vocus for $5.25 per share, representing a significant premium to last Friday's closing price of $3.89. The Vocus board has granted the bidder ...

Read More...
Suncorp CEO resigns

Suncorp CEO resigns

Insurance and banking company Suncorp (ASX: SUN) has announced CEO and managing director Michael Cameron will be stepping down. In his four years in the role and seven years on the board, Cameron is credited with leading a significant digital transformation for Suncorp and navigating the business through a period of unprecedented regulato...

Read More...
Cann Global reports $3.5 million loss as it prepares to relist

Cann Global reports $3.5 million loss as it prepares to relist

One of Australia's top cannabis companies Cann Global (ASX: CGB) has reported a loss of $3.5 million for the first half of FY19 as the company prepares to relist on the ASX. Formerly known as Queensland Bauxite, Cann Global made the decision to rename and become a medicinal cannabis business exclusively in January this year. Since...

Read More...
Freedom Foods launches $130 million equity raise

Freedom Foods launches $130 million equity raise

Health food manufacturer Freedom Foods (ASX: FNP) has announced a $130 million equity raise to support accelerated nutritional ingredients manufacturing. Founded in 1984 and listed on the ASX in 1985, the Sydney based company plans to accelerate the development and sales of several key ingredients. Of the $130 million, $65 million wil...

Read More...

BOOK YOUR FUNCTION SPACE HERE

 

 

 

Contact us

Email News Update Sign Up Contact Details
Subscriptions

PO Box 1487
Mudgeeraba QLD 4213

LoginTell a FriendSign Up to Newsletter