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ASX300 News Digest

21 May 2018

18:42 | APO

APN Outdoor Group Announces Adshel Acquisition Proposal

APN Outdoor Group announced that it has submitted a confidential, indicative and non-binding proposal to acquire 100% of Adshel in Australia and NZ wherein Cadence Advisory is...

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18:39 | IMF

IMF Bentham Advises on US Fund 1 - Case Completion

IMF Bentham announced the receipt of $3.6m of funding commission following the settlement of a case funded in the US. The Company confirmed that Fund 1 has received revenue from...

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16:53 | BWX

BWX Announces to Receive Potential Indicative Proposal

BWX announced that it has received an unsolicited preliminary, non-binding, indicative and conditional proposal from John Humble (CEO and MD) and Aaron Finlay (Finance Director) in...

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13:47 | TCL

Transurban Group Announces Distribution for the Six Months Ending 30 June 2018 and AGM

Transurban Group announced that a distribution totalling 28.0c per stapled security will be paid for the six months ending 30 June 2018. This will be made up of a 25.5c distribution...

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13:17 | JHC

Japara Healthcare Provides Riviera Health Acquistion Update

Japara Healthcare announced that it has completed the acquisition of the Riviera Health portfolio in NSW on 1 April 2018, which included four operating residential aged care homes...

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11:57 | HT1

HT&E Announces Non-Binding Indicative Offers Received for Adshel

HTamp;E announced that it has received non-binding indicative offers to acquire the Company's out-of-home division, Adshel. The Company updated that it has already appointed...

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09:55 | WOR

WorleyParsons Announces Regarding Neptune Energy Awards Offshore Tie-Back Contract

WorleyParsons announced that it has been awarded an offshore engineering, procurement, construction, installation and commissioning (EPCIC) contract by Neptune Energy. The 3-year...

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09:50 | STO

Santos Advises on Revised Harbour Energy Proposal

Santos advised that on 21 May 2018 it received a revised binding, conditional proposal from Harbour Energy Australia to acquire 100% of its shares by way of a scheme of arrangement...

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09:41 | BWX

BWX Trading Halted, Pending Company Announcement

The securities of BWX will be placed in trading halt session state at the request of the Company, until the earlier of the commencement of normal trading on 23 May 2018 or when the...

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09:30 | BDR

Beadell Resources Announces Regarding Mine Corridor Drilling at Tucano Continues to Demonstrate Continuity of High Grade Shoots

Beadell Resources reserved pit infill and resource delineation drill programs continue to demonstrate the organic growth potential of Tucano's reserves. Infill drill results from...

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09:17 | SGF

Sg Fleet Group Announces Regarding WA Government Fleet Management Services

Sg Fleet Group noted that the WA Government recently retendered its fleet management outsourcing arrangements, opting to move from a panel to a sole supplier structure. As a result,...

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09:07 | SFR

Sandfire Resources Provides Exploration Update

Sandfire Resources advised that the planned RC drill program has commenced at the Morck's Well Project, part of its Farm-in with Auris Minerals and Fe. The Morck's Well Project is...

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08:40 | VOC

Vocus Group Announces Regarding Appointment of Group MD, CEO and New Executive Director

Vocus Group announced the appointment of Kevin Russell as its Group MD amp; CEO, with a commencement date of 28 May 2018. In addition to Mr. Russell joining the Company's Board,...

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08:37 | WTC

Wisetech Global Issues $100m in Shares to a Global Institutional Investor

WiseTech Global announced the issue of $100m in shares to a single global institutional investor. Under the terms of the transaction agreement, 7,560,153 Company's ordinary shares...

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08:28 | AGL

AGL Energy Completes Assessment of Offer from Chow Tai Fook Enterprises and Alinta Energy

AGL Energy received an unsolicited, non-binding, highly conditional indicative offer from Chow Tai Fook Enterprises and Alinta Energy to acquire the Liddell Power Station,...

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07:30 | SKC

SkyCity Entertainment Group Provides Adelaide Casino Expansion Project Update

SkyCity Entertainment Group provided Adelaide Casino Expansion project update. The main construction works to commence by end of FY 2018, with completion expected in 1H 2021. The...

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18 May 2018

17:17 | IEL

IDP Education Announces Mantra Group to be Removed from SP/ASX Indices

IDP Education advised that Samp;P Dow Jones Indices announced that it will remove Mantra Group from the Samp;P/ASX 200, subject to final court approval of the scheme of arrangement...

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17:11 | SKI

Spark Infrastructure Group Releases TransGrid AER Final Regulatory Determination 2018 - 2023

Spark Infrastructure Group noted that the Australian Energy Regulator (AER) has released its Final Decision for the next five-year regulatory period for TransGrid, in which the...

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12:39 | MTR

Mantra Group Announces Fully Franked Special Dividend of A$0.1600

Mantra Group announced a fully franked special dividend of A$0.1600. The record date of the dividend is 25 May 2018 and payment date is 30 May 2018. The Company does not have a...

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12:20 | CIM

CIMIC Group Announces UGL Secures $139M in Maintenance Service Contracts

CIMIC Group announced that UGL has secured new maintenance, project and shutdown services contracts in the resources sector with a combined value of $139m. The new maintenance and...

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11:42 | BDR

Beadell Resources Announces Tranche 1 of Capital Raising Completed

Beadell Resources advised that the first tranche of the capital raising has been completed. Tranche 1 included the issue of 73,840,220 units of the Company, resulting in the...

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09:33 | APX

Appen Provides CEO Presentation

Appen provided CEO presentation. The Underlying EBITDA is $28.1m up 62%, statutory EBITDA up by 29%. The Underlying NPAT is $19.7m up by 86%. The Underlying EBITDA margin...

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09:25 | IVC

InvoCare Provides Chairman's Address to Shareholders in AGM

InvoCare provided Chairman's address to shareholders in AGM. The H1 Operating EBITDA Forecast is 12% year on year decline with more than half as a result of new operational and...

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09:06 | FBU

Fletcher Building Announces Regarding Notice of Issue of Shares in Relation to Capital Raising

Fletcher Building announced that it hereby notifies that it will issue 47,806,197 new ordinary shares in the Company (New Shares) to certain of its retail shareholders and eligible...

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09:00 | WFD

Westfield Corporation Announces Approval of Acquisition by Unibail-Rodamco

Westfield Corporation noted that Unibail-Rodamco's Combined AGM took place in Paris. All resolutions submitted for approval by shareholders were adopted, including those related to...

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08:32 | CSL

CSL Lifts Profit Guidance

CSL announced a revised profit outlook for fiscal 2018. The Company expects NPAT for FY 2018 to be in the range of $1,680 to $1,710m USD at constant currency. In February 2018 the...

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08:29 | RIO

Rio Tinto Announces Being Granted AutoHaul Accreditation by Rail Regulator

Rio Tinto announced that it has been granted accreditation by Australia's Office of the National Rail Safety Regulator approving the autonomous operation of trains at the group's...

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08:29 | SYD

Sydney Airport Provides Traffic Performance for April 2018

Sydney Airport provided traffic performance for April 2018. Domestic growth was a robust 3.1% for April 2018 compared to the pcp, driven by a 0.6 percentage point improvement in...

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08:29 | CLW

Charter Hall Long Wale REIT Divests Grace Logistics Facility at Willawong, Brisbane

Charter Hall Long Wale REIT announced the divestment of the Grace Worldwide facility at 420 Sherbrooke Road, Willawong, Brisbane, for a total consideration of $38.73m in line with...

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17 May 2018

19:13 | ANZ

Australia & New Zealand Banking Group Agrees to Sell 55% Stake in Cambodian JV ANZ Royal Bank

Australia amp; New Zealand Banking Group announced that it had reached an agreement to sell its 55% stake in Cambodian JV ANZ Royal Bank to J Trust. The decision to sell the stake...

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16:19 | CQR

Charter Hall Retail REIT Announces to Divest 2 Assets at Premium to Book Value

Charter Hall Retail REIT announced that it has continued its disciplined investment strategy to enhance portfolio quality and earnings through the divestment of lower growth assets...

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16:18 | TLS

Telstra Corporation Advises on JP Morgan TMT Conference

Telstra Corporation stated that the Company's data has grown at 50% pa and the telecommunications networks have become an important piece of critical infrastructure around the...

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10:53 | OML

Oohmedia Provides AGM Presentation

Oohmedia provided AGM presentation. Road and Retail delivered 70% of total revenues and double-digit growth, through the continued digitization of panels. NZ grew revenue by 28.0%...

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10:17 | WTC

Wisetech Global Acquires Turkish Logistics Solutions Provider Ulukom

WiseTech Global announced the acquisition of Ulukom, logistics and customs solutions provider in Turkey. Headquartered in Istanbul, Ulukom offers a range of logistics, freight...

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10:06 | TWE

Treasury Wine Estates Responds to Market Commentary

Treasury Wine Estates confirmed that Company is comfortable with the sustainability of its operating model in China, to build a portfolio of brands, and of its disciplined approach...

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09:54 | RFF

Rural Funds Group Announces Regarding Qld Cattle Property Acquisition

Rural Funds Group noted that Rural Funds Management (RFM), as responsible entity and manager for the Company (RFF), has entered into a contract to acquire Comanche, a 7,600-ha...

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09:43 | ABC

Adelaide Brighton Provides AGM Presentation

Adelaide Brighton provided AGM Presentation. The Underlying NPAT excluding property increased 5.3% to $189.3m, however, reported NPAT declined 2.3% to $182.0m, impacted by the...

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09:37 | STO

Santos Announces Regarding Revised Harbour Energy Proposal

Santos advised that it has received a binding, conditional proposal (Revised Harbour Proposal) from Harbour Energy Australia (Harbour) to acquire 100% of Company's shares by way of...

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09:10 | SDA

Speedcast International Provides 2018 AGM - CEO Presentation to Shareholders

Speedcast International provided 2018 AGM - CEO presentation to shareholders. In 2018, the Company will leverage UltiSat access to government opportunities while increasing its...

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08:55 | KDR

Kidman Resources Enters into Binding Lithium Hydroxide Offtake Agreement with Tesla

Kidman Resources announced that it has entered into a binding agreement with Tesla to supply lithium hydroxide (Agreement). This follows the 4 May 2018 announcement that WA Lithium...

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08:36 | VLW

Villa World Provides 3Q 2018 Operational Update

Villa World provided 3Q 2018 operational update. The Company is targeting FY 2018 NPAT of $41.6m, and will monitor sales conversion, as well as product delivery and land title...

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08:32 | ABC

Adelaide Brighton Announced Regarding Appointment of Chairman and CEO Succession

Adelaide Brighton confirmed that Zlatko Todorcevski has succeeded Leslie Hosking as Chairman. Mr. Hosking has served as a Director of the Company for 15 years and as Chairman for...

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08:31 | BSL

BlueScope Steel Prices New US$300m Bond Issue to Refinance US Notes

BlueScope Steel announced that it has priced a US$300m issue of guaranteed senior bonds under Regulation S of the US Securities Act of 1933 (the Securities Act). The bonds will be...

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08:31 | TGR

Tassal Group Announces Regarding Industry First Sets Benchmark Biosecurity Standards for Tasmania

Tassal Group announced that it is entering a JV with Petuna, through its wholly owned subsidiary, Tassal Operations, to cooperatively manage marine farms in Macquarie Harbour,...

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08:30 | DLX

DuluxGroup Delivers First Half Profit Growth

DuluxGroup reported NPAT of $79.2m for the six months ended 31 March 2018, an increase of 9.0% over the 2017 first half. Sales revenue increased by 4.2% to $918.1m. EBIT increased...

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16 May 2018

15:13 | AST

AusNet Services Announces Development of Stockyard Hill Wind Farm

AusNet Services announced that it has been contracted by Goldwind and AEMO to build, own and operate the transmission connection assets for the Stockyard Hill Wind Farm (SHWF). A...

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15:00 | SDA

Speedcast International Announces US$425M TLB Refinancing Arrangements Completed

Speedcast International announced the completion of its US$425m Senior Secured Credit Facility and of its new 5-year US$100m Senior Secured Revolving Credit Facility. The Company's...

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10:43 | SIG

Sigma Healthcare Provides CEO's Addresses to AGM

Sigma Healthcare provided CEO's addresses to AGM. The CEO reported that revenue for the year was down 5.4% to $4.13bn, largely driven by softer sales of Hepatitis C medication,...

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10:08 | STO

Santos Provides Update Regarding ENN

Santos referred to its ASX Release which made reference to the media reports regarding a preliminary agreement between ENN and Harbour Energy (Harbour). ENN has since advised the...

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09:26 | MYR

Myer Holdings Provides Q3 FY2018 Sales Update

Myer Holdings announced Q3 FY2018 sales for the 13 weeks to 28 April 2018. Total sales was $635.3m, down 2.7%, down 3.1% on a comparable store basis. The Company also advised that...

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09:13 | QAN

Qantas Airways Provides Update on Level of Foreign Relevant Interest

Qantas Airways provided update on level of foreign relevant interest. The Qantas Sale Act 1992 and the Qantas Constitution provide that foreign persons are permitted to hold...

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08:21 | CPU

Computershare Announces to Acquire Equatex

Computershare announced that it has entered into an agreement to acquire Equatex Group Holding (Equatex), an European employee share plan administration business headquartered in...

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08:08 | DOW

Downer EDI Completes Combined A$1.3bn Refinancing with Spotless

Downer EDI completed a total refinancing of A$1.3bn comprising a A$400m syndicated debt facility for the Company and a A$900m syndicated debt facility for Spotless Group Holdings...

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07:31 | FBU

Fletcher Building Completes Entitlement Offer

Fletcher Building advised the successful completion of the Retail component of its NZ$750m fully underwritten pro-rata accelerated 1 for 4.46 entitlement offer (Retail Offer) of new...

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07:30 | A2M

The a2 Milk Company Provides Trading Update and FY2018 Outlook

The a2 Milk Company provided update on the Group's trading performance for the 9 months to 31 March 2018, as well as its outlook of the Group's full year FY2018. The Company...

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15 May 2018

17:38 | IMF

IMF Bentham Announces Confidential Settlement

IMF Bentham announced the confidential settlement of a case funded in Australia by Fund 2 and Fund 3 (RoW Funds). This is one of the three investments for which the applicable...

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16:12 | CYB

CYBG Plc Reports Net Loss of $76m for Half-Year to 31 March 2018

CYBG Plc reported net loss of $76m for the half-year ended 31 March 2018. Revenue from ordinary activities were $629m, up 1.45% from last year. Basic and Diluted EPS were (8.59)...

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15:14 | MLD

Maca Announces Being Awarded Crushing and Screening Project for BHP

Maca advised that it has executed a framework agreement to provide crushing and screening services to BHP in the Pilbara region. The work package to be undertaken will consist of...

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14:36 | FBU

Fletcher Building Announces Retail Offer and Lender Discussions Concluded

Fletcher Building announced that it has completed the retail entitlement offer of its fully underwritten 1 for 4.46 pro-rata accelerated entitlement offer of new FPO shares in the...

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12:24 | AST

AusNet Services Announces to Price A$200M of Bonds

AusNet Services announced that it has successfully priced A$200m of bonds. The Company updated that the proceeds will be used to refinance existing debt and fund continued asset...

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10:13 | SFR

Sandfire Resources Provides Doolgunna Project Exploration Update

Sandfire Resources advised that AC drilling at the Morck's Well Project, part of its Farm-in with Auris Minerals and Fe has intersected narrow zones of sulphide and supergene copper...

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09:40 | VVR

Viva Energy REIT Provides AGM Script

Viva Energy REIT provided AGM script. The Property revaluations completed during the 2017 year resulted in a total net increase in property valuations of $77m and an increase of...

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09:31 | APT

Afterpay Touch Group Announces Regarding Commencement of U.S. Market Launch

Afterpay Touch Group announced that it will commence transacting in the US in a phased approach with a number of lifestyle retailers, providing U.S. customers with a new way to pay...

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09:28 | PLS

Pilbara Minerals Announces Regarding First Load Commissoning for Crusher Commences

Pilbara Minerals advised that ore load commissioning has begun through the crushing facilities at its 100%-owned Pilgangoora Lithium-Tantalum Project in WA. The Pilgangoora crusher...

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09:20 | WOR

WorleyParsons Announces Regarding YASREF Awards a General Engineering Service Contract

WorleyParsons announced that it has been awarded a general engineering service (GES) contract by Yanbu Aramco Sinopec Refining Company (YASREF). YASREF operates a full-conversion...

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09:18 | WOR

WorleyParsons Announces Being Awarded a Contract Extension by Maersk Oil UK

WorleyParsons announced that it has been awarded a contract extension by Maersk Oil UK, part of the Total group (Maersk Oil UK). Under the contract, the Company will provide project...

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09:11 | MQA

Macquarie Atlas Roads Group Provides Chairmanpersons' Opening Address to AGM 2018

Macquarie Atlas Roads Group provided Chairmanpersons' opening address to AGM 2018. Since inception in 2010, the Company has delivered a compound annual total return of 36% to...

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09:08 | BLA

Blue Sky Alternative Investments Provides Update on Independent Review of Asset Valuations

Blue Sky Alternative Investments announced that it had substantially completed the first phase of the previously announced independent review of asset valuations, involving 12 of 93...

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08:42 | GXY

Galaxy Resources Provides Update on Feasibility Study - Sal de Vida

Galaxy Resources advised that it has completed an update of the Definitive Feasibility Study (DFS) for the Sal de Vida lithium project (Sal de Vida) located on the Salar del Hombre...

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08:41 | LNK

Link Administration Holdings Provides Update on Proposed Superannuation Legislative Changes

Link Administration Holdings provided update on proposed superannuation legislative changes. The Company is not aware of any industry consultation in relation to the proposed...

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08:26 | AHG

Automotive Holdings Group Provides Trading Update

Automotive Holdings Group provided an update on the expected impact on its FY 2018 performance of challenging automotive retail conditions and the timing of the sale of its...

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08:25 | BSL

BlueScope Steel Increases Earnings Guidance for Half Year Ending 30 June 2018

BlueScope Steel announced that it expects underlying earnings before interest and tax (EBIT) for the six months ending 30 June 2018 to be around $680m, compared to prior guidance of...

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08:20 | ASB

Austal Invests in Major Commercial Shipbuilding Expansion

Austal announced that it has finalised the details of its previously announced investment of up to US$30m for capacity expansion. This investment will be focused in the Company's...

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14 May 2018

12:46 | TCL

Transurban Group Announces Financial Close of the Eastern Distributor Motorway (M1) Refinancing

Transurban Group announced that the Eastern Distributor (ED) has successfully raised $226m of non-recourse debt via a new bank debt facility with a tenor of 4 years. The Company...

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11:55 | SVW

Seven Group Holdings Upgrades FY18 Guidance

Seven Group Holdings provided a trading update for its key operating businesses, which are performing ahead of expectations in the year to date. The underlying strength of mining...

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11:45 | HT1

HT&E Responses to Media Speculation

HTamp;E responded to Media Speculation stating that it is not aware of any discussions regarding a takeover bid for all the Company, and that the Company would not be entering a...

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09:31 | HSO

Healthscope Receives Non-Binding Indicative Proposal from Brookfield

Healthscope announced that it has received an unsolicited, non-binding indicative proposal from Brookfield Asset Management, together with its affiliates and their managed funds...

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09:28 | ELD

Elders Releases HY2018 Financial Results

Elders released its half year results for the six months to 31 March 2018, delivering improved statutory and underlying profit, while maintaining above target return on capital....

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09:26 | SFR

Sandfire Resources Trading Halted, Pending Company Announcement

The securities of Sandfire Resources will be placed in trading halt session state at the request of the Company, until the earlier of the commencement of normal trading on 16 May...

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09:26 | ELD

Elders Announces Distribution of 9 CPS for the Six Months Ended 31 March 2018

Elders announced a fully franked distribution of 9 cps for the period of six months ending 31 March 2018, with a record date of 22 May 2018 and a payment date of 15 June 2018. The...

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09:26 | ELD

Elders Reports NPAT Up 8.13% to $41.4m for Half-Year to 31 March 2018

Elders reported NPAT up 8.13% to $41.4m for the half-year ended 31 March 2018. Revenue from ordinary activities were $749.73m, down 3.44% from last year. Diluted EPS was 34.6 cents...

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09:06 | AST

AusNet Services Provides 2018 Full Year Results and Investor Presentation

AusNet Services provided 2018 full year results release and investor presentation. During the period, the Company had good operating cash flow performance, decrease in operating...

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08:47 | NXT

NEXTDC Advises on Valuer Access to the Properties

NEXTDC advised in relation to Asia Pacific Data Centre Group (APDC) decision to commence legal proceedings against the Company in relation to access rights under the leases of S1,...

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08:45 | NCZ

New Century Resources Announces Recommencement of Annual Dredging at the Port of Karumba

New Century Resources announced the recommencement of annual dredging at the Port of Karumba as part of the scheduled operational restart of the Century Zinc Mine. The 2018 dredging...

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08:40 | TLS

Telstra Corporation Provides Market Update and CEO's Presentation

Telstra Corporation provided an update on trading for FY2018 based on its year to date results to April 2018. The Company has re-affirmed guidance consistent with its FY2018...

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08:27 | GWA

GWA Group Announces the Sale of Door and Access Systems Business

GWA Group announced that it has entered into a binding agreement to sell its Door and Access Systems business to Allegion (Australia) for a purchase price of $107m comprising an...

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08:07 | DOW

Downer EDI Gets Awarded Beryl Solar Farm Contract

Downer EDI announced that it had been awarded an Engineering, Procurement and Construction (EPC) contract worth $150m by First Solar for the 87MWac Beryl Solar Farm located about...

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11 May 2018

08:56 | GNC

Graincorp Reports NPAT Down 59.89% to $36.1m for the Half-Year to 31 March 2018

Graincorp reported NPAT down 59.89% to $36.1m for the half-year ended 31 March 2018. Revenue from ordinary activities were $2,013.4m, down 24.84% from last year. Diluted EPS was...

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08:26 | NWS

News Corporation Announces FY2018 Third Quarter Earnings Release

News Corporation reported financial results for the 3 months ended March 31, 2018. The revenues were $2.10bn, a 6% increase compared to $1.98bn in the prior year, with growth in...

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09 May 2018

08:40 | CSR

CSR Reports NPAT Up 6.13% to $188.8m for the Year to 31 March 2018

CSR reported NPAT up 6.13% to $188.8m for the year ended 31 March 2018. Revenue from ordinary activities were $2,667.1m, up 6.71% from last year. Diluted EPS was 37.5 cents compared...

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08:23 | IPL

Incitec Pivot Reports NPAT Down 95% to $7.6m for the Half-Year to 31 March 2018

Incitec Pivot reported NPAT down 95% to $7.6m for the half-year ended 31 March 2018. Revenue from ordinary activities were $1,705.9m, up 6.41% from last year. Basic and Diluted EPS...

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08 May 2018

08:24 | ECX

Eclipx Group Reports NPAT Down 3.1% to $27.53m for the Half-Year to 31 March 2018

Eclipx Group reported NPAT down 3.1% to $27.53m for the half-year ended 31 March 2018. Revenue from ordinary activities were $360.21m, up 27.43% from last year. Diluted EPS was 8.59...

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07 May 2018

07:38 | WBC

Westpac Reports NPAT Up 7.45% to $4,198m for Half-Year to 31 March 2018

Westpac reported NPAT up 7.45% to $4,198m for the half-year ended 31 March 2018. Revenue from ordinary activities were $18,968m, up 2.34% from last year. Diluted EPS was 119.7 cents...

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03 May 2018

08:00 | NAB

National Aust. Bank Reports NPAT Up 1.49% to $2,583m for Half-Year to 31 March 2018

National Aust. Bank reported NPAT up 1.49% to $2,583m for the half-year ended 31 March 2018. Revenue from ordinary activities were $16,951m, up 8.71% from last year. Diluted EPS was...

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