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ASX300 News Digest

06 May 2016

16:33 | RIO

Rio Tinto Approves Development of Oyu Tolgoi Underground Mine

Rio Tinto advised that with the Company's partners, the Government of Mongolia and Turquoise Hill Resources, have approved the next stage in the development of the world-class Oyu...

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13:37 | ASB

Austal Announces US Navy Awarded US$11.8m Support Contract for LCS 8

Austal announced the U.S. Navy has awarded a US$11.8m order to provide engineering and management services for advance planning and design in support of the Post Shakedown...

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09:34 | OZL

OZ Minerals Provides Carrapateena Update

OZ Minerals provided Carrapateena Project Update. The Company reported that Pre-feasibility study (PFS) scope increased to 4.0Mtpa following additional PFS scope optimisation work....

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08:52 | ECX

Eclipx Group Announces First Half Year 2016 Results & the Acquisition of Right2drive

Eclipx Group announced its financial results for the first half of 2016, with a Net Profit After Tax excluding Amortisation of $26.0m, up 9% on the pcp. Total fleet and commercial...

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08:42 | FXJ

Fairfax Media Provides Macquarie Australia Conference Presentation

Fairfax Media announced that CEO Greg Hywood will deliver a presentation at the Macquarie Australia Conference in Sydney on 6 May 2016. The Company has delivered a 26% reduction in...

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08:35 | FXJ

Fairfax Media Announces Domain Group Acquires 35% Interest in Oneflare

Fairfax Media announced that Domain Group has acquired a 35% interest in Oneflare for around $15m. Oneflare is an online digital marketplace focused on connecting consumers with...

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08:29 | TFC

TFS Corporation Announces First Buy-Back Offers to Acquire MIS Assets

TFS Corporation announced that it has launched the first of a series of plantation buy-backs, offering growers (Managed Investment Scheme investors) significant returns on their...

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08:29 | REA

REA Group Releases Q3 FY2016 Financial Information

REA Group released details of the year to date financial information which was reported by News Corp on 5 May 2016. The Group financial highlights from core operations for the 9...

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08:28 | SEK

SEEK Announces Preliminary Non-Binding Proposal

SEEK announced that Zhaopin, its New York Stock Exchange listed subsidiary, has received the preliminary non-binding proposal from a consortium comprising Sequoia China Investment...

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08:28 | NWS

News Corporation Provides FY2016 Third Quarter Earnings Release

News Corporation reported financial results for the three months ended March 31, 2016. The Co. reported fiscal 2016 3Q total revenues of $1.9bn, a 7% decline as compared to prior...

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08:27 | BKL

Blackmores Announces Acquisition of Global Therapeutics

Blackmores announced the acquisition of Global Therapeutics. The Company will acquire 100% of Global Therapeutics for A$23m subject to customary adjustments. The acquisition will be...

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08:24 | RIO

Rio Tinto Prices Dutch Auction Offer

Rio Tinto announced that it has priced the Dutch Auction Offer under its plan to reduce gross debt by $1.5bn through the early repayment of some near term maturing debt. The Dutch...

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08:24 | RIO

Rio Tinto Announces to Reduce Gross Debt by $1.5bn

Rio Tinto announced that it will reduce its near term maturing gross debt by $1.5bn after accepting for purchase a total of $141m of debt under its Dutch Auction Offer and $1.359bn...

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08:06 | MQG

Macquarie Group Provides Media Release

Macquarie Group announced a NPAT attributable to ordinary shareholders of $A2,063m for the full year ended 31 March 2016, up 29% on the full year ended 31 March 2015. Profit for the...

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07:30 | SKT

Sky Network Television Provides Update on Subscriber Numbers

Sky Network Television announced that it is forecasting total subscribers of 830,000 at 30 June 2016, comprising a reduction of 45,000 core residential Pay TV subscribers for the...

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05 May 2016

18:54 | DCG

Decmil Group Provides Group Update

Decmil Group provided an update on certain operational matters in the Company and its outlook for the remainder of FY16 and FY17. The Co. is currently undertaking a fuel depot tank...

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12:17 | NCM

Newcrest Mining Announces Renewal of Bank Lending Facilities

Newcrest Mining announced that the Co. has signed agreements to extend the term of its unsecured bilateral bank lending facilities on improved terms and conditions for the Company,...

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11:54 | ASB

Austal Awarded With USA Award Highlights EPF Program Extension

Austal announced that the Co.has been awarded a US$18.5m contract to procure long-lead-time materials for the twelfth Expeditionary Fast Transport vessel (EPF 12), for the U.S....

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10:50 | SPL

Starpharma Holdings Announces VivaGel Active Against Zika Virus

Starpharma Holdings announced that the VivaGel active, astodrimer sodium has been shown to have potent antiviral activity against the Zika virus in laboratory studies. The studies...

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10:18 | FSF

Fonterra Shareholders' Fund Revises Milk Price and Offers Support Loan

Fonterra Shareholders' Fund noted that Fonterra Co-operative Group announced that Fonterra Australia has revised its farmgate milk price from A$5.60 per kgMS to A$5.00 per kgMS for...

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10:18 | ASB

Austal Announces Pacific Patrol Boat Contract Awarded

Austal announced that it has been awarded a $305m contract for the Pacific Patrol Boats Replacement (PPBR) Project by the Commonwealth of Australia, underpinning a move into the...

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09:49 | DUE

DUET Group Completes Stapled Security Purchase Plan Offer

DUET Group announced the completion of its stapled security purchase plan (SPP Offer) after determining to accept all valid applications from eligible stapled securityholders for...

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09:44 | RIO

Rio Tinto Provides CEO's Address to AGM

Rio Tinto provided its CEO's address to the Company's AGM. The CEO reported that over the past 10 years it has reduced employee injury rates by a significant 67%. Throughout 2015 it...

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09:41 | BDR

Beadell Resources Provides Exploration Update

Beadell Resources announced results from recent near mine and district exploration programs at Tucano. These results continue to support the Company's strong belief in the...

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09:33 | AWE

AWE Sells Lengo for up to A$27.5m

AWE announced that it has entered into an agreement to sell its 42.5% interest in the Bulu PSC to a 100% owned subsidiary of HyOil for cash consideration of up to A$27.5m, subject...

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08:36 | NCM

Newcrest Mining Announces Further Hedging of Telfer's Gold Sales

Newcrest Mining announced that it has recently completed additional hedging of a portion of Telfer's expected FY18 and FY19 gold sales, with a further 200,000oz of Au sales being...

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08:29 | SCG

Scentre Group Provides Operational Update

Scentre Group announced its first quarter operational update for the 3 months to 31 March 2016. Construction is well underway for the $355m redevelopment at Westfield Chermside...

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08:25 | SUL

Super Retail Group Provides Trading Update

Super Retail Group provided an update on the trading performance of the Group. The profit performance of the Group's three divisions has been in line with expectations. The Auto and...

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08:25 | ISD

iSentia Group Provides Conference Presentation

iSentia Group provided Macquarie Australia Conference Presentation and Trading Update. The Company is delivering a new Responsive User Interface design which enabled clients to...

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07:59 | CVO

Cover-More Group Provides Investor Presentation

Cover-More Group announced that Australian travel insurance gross sales growth in line with H1 FY16. Flight Centre US distribution underway in partnership with Aon Affinity Travel...

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07:54 | NAB

National Australia Bank Provides 2016 Half Year Results

National Australia Bank provided 2016 Half Year Results reported Cash earnings of $3.31bn, up 6.5% compared to March 2015 half year. On a statutory basis, net loss attributable to...

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07:33 | SKT

Sky Network Television Signs an Agreement with the Australian Rugby League Commission

Sky Network Television announced that it has signed an agreement with the Australian Rugby League Commission to secure NRL rights and rights to other Australian and NZ rugby league...

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04 May 2016

19:05 | CWN

Crown Resorts Reduces Shareholding in Melco Crown Entertainment

Crown Resorts announced on 4 May 2016 that a wholly owned subsidiary has entered into an agreement with Melco Crown Entertainment ("MCE") for the repurchase of 155m ordinary MCE...

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17:47 | IMF

IMF Bentham Provides US Case 08 Result Update

IMF Bentham announced that a further and final payment in the settlement has become payable to Bentham Capital LLC's ("Bentham") client in accordance with the terms of the...

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17:45 | QBE

QBE Insurance Group Announces Exchange Offer for GBP325m Fixed Rate Subordinated Notes

QBE Insurance Group announced that the Company has launched an invitation to holders of Existing Notes to tender their notes in exchange for new GBP-denominated subordinated notes...

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14:25 | BPT

Beach Energy Provides Monthly Drilling Report - April 2016

Beach Energy announced that a five-well development campaign commenced in the Tirrawarra-Gooranie Field, which is located 50km north of the Moomba gas processing facility. The...

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11:13 | CWP

Cedar Woods Properties Provides Third Quarter Update

Cedar Woods Properties announced that it has re-affirmed its FY2016 NPAT guidance of $43m and is positioned for continued growth in FY17. Positive market conditions for residential...

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11:05 | WOW

Woolworths Provides Credit Rating Update

Woolworths noted announcement by Standard amp; Poor's that its issuer rating and senior unsecured notes have been downgraded by one notch from BBB+ (Outlook Negative) to BBB...

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09:58 | BHP

BHP Billiton Provides Samarco Update

BHP Billiton noted that the Federal Public Prosecution Service announced that it has commenced proceedings against Samarco Mineracao S.A, Vale and BHP Billiton Brasil LTDA for...

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08:49 | PLS

Pilbara Minerals Announces Ken Brinsden Joins as MD

Pilbara Minerals announced that its CEO Ken Brinsden has been appointed to the Company's Board effective immediately and will hold the dual roles of MD and CEO. Mr Brinsden was...

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08:47 | CPU

Computershare Appoints by UKAR to Undertake Mortgage Servicing

Computershare announced that its UK business has been appointed by UK Asset Resolution (UKAR) to undertake its mortgage servicing activities. This is a seven-year outsourcing...

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08:42 | VCX

Vicinity Centres Provides March 2016 Quarterly Update

Vicinity Centres provided update for the March 2016 quarter. Total comparable portfolio moving annual turnover (MAT) growth has improved to 2.0% to 31 March 2016, compared to 1.6%...

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08:36 | ORG

Origin Energy Enters into an Agreement with Fotowatio Renewable Ventures

Origin Energy announced that it has entered into an agreement with global solar company Fotowatio Renewable Ventures (FRV) to purchase solar power from the proposed 100 MW Clare...

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08:29 | DXS

Dexus Property Group Provides Quarter Portfolio Update

Dexus Property Group announced an operational update across its property portfolio for the quarter ended 31 March 2016. Over the quarter to 31 March 2016, the Company leased...

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08:23 | FMG

Fortescue Metals Group Announces US$650m Repayment of 2019 Term Loan

Fortescue Metals Group announced that it has issued a US$650m repayment notice for the 2019 Senior Secured Term Loan. This is in addition to the repayment of US$577m Senior...

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08:23 | SEH

Sino Gas & Energy Holdings Holds Constructive Initial Discussions with Potential New JV Partner

Sino Gas amp; Energy Holdings announced initial positive discussions have been held with China New Energy Mining (CNEML) following the announcement of their intended purchase of...

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03 May 2016

14:20 | WSA

Western Areas Announces Completion of Share Purchase Plan

Western Areas advised that applications for the Share Purchase Plan ("SPP") have exceeded $20m, being significantly greater than the $10m cap announced on 31 March 2016. Following...

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13:05 | VCX

Vicinity Centres Announces Indooroopilly Central Divestment

Vicinity Centres announced on 3 May 2016 the first transaction in its asset divestment program with the sale of Indooroopilly Central (Indooroopilly) in Queensland for a total...

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13:03 | IMF

IMF Bentham Provides Investment Portfolio as at 31 March 2016

IMF Bentham announced that estimated claim value of total portfolio is $3,418.103m. This is the Company's current best estimate of the claims recoverable amount (or remaining...

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11:30 | BRS

Broadspectrum Releases Fifth Supplementary Target's Statement

Broadspectrum released its fifth supplementary target's statement in relation to the off-market takeover bid by Ferrovial Services Australia for all of the ordinary shares in the...

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10:09 | CVO

Cover-More Group Provides Business Update

Cover-More Group announced commencement of sales of travel insurance in the USA. It has partnered with Flight Centre Travel Group to provide travel insurance across nine Flight...

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09:50 | VCX

Vicinity Centres Enters into Agreement for New DFO Development at Perth Airport

Vicinity Centres announced that it has entered into agreements for a JV with Perth Airport (PAPL) to develop a new world-class Outlet Centre at Perth Airport in WA. This transaction...

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09:07 | AWE

AWE Announces New MD Commences

AWE announced that effective from 3 May 2016, David Biggs has assumed the position of MD of the Company. Accordingly, with effect from the close of business on 2 May 2016, Bruce...

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09:05 | MGR

Mirvac Group Provides Operational Update

Mirvac Group released its third quarter operational update, reporting solid performance across its business units and revising FY16 earnings and distribution guidance to the top end...

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08:34 | TCL

Transurban Group Announces Financial Close of the 495 Express Lanes Refinancing

Transurban Group announced that Capital Beltway Express LLC (CBE) has reached financial close on a US$225m facility to refinance the Letters of Credit which supported the 495...

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08:31 | BXB

Brambles Announces to Divest LeanLogistics for US$115m

Brambles announced on 3 May 2016 an agreement to divest LeanLogistics, the Group's transport management software business to Kewill for US$115m. The transaction is subject to...

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08:27 | GMG

Goodman Group Provides Operational Update

Goodman Group announced an operational update for the quarter ended 31 March 2016, with continued strong operating performance into the second half of FY2016, underpinned by...

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08:27 | CTX

Caltex Australia Provides Margin Update

Caltex Australia advised its realised lagged Caltex Refiner Margin (CRM), in respect of CRM sales from production for the month of March 2016. The March 2016 unlagged CRM was...

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08:26 | OML

Oohmedia Provides Chairman's and CEO's Address to AGM

Oohmedia presented the Chairman's and CEO's address to the Company's AGM held on 3 May 2016. The Chairman stated that in 2015 the Company has achieved a strong financial performance...

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08:26 | WOW

Woolworths Announces Q3 Sales Results

Woolworths announced Q3 sales results reporting that Australian Food and Liquor sales for the quarter were $10.7bn, an increase of 0.4% on the previous year. NZ Supermarkets sales...

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08:09 | CVO

Cover-More Group Announces Transition in Group CEO

Cover-More Group announced that Group CEO, Peter Edwards, advised the Board of his wish to retire from his role in 2016. He is to be succeeded by Mike Emmett, an executive with...

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02 May 2016

18:56 | SMX

SMS Management and Technology Announces Changes in Senior Management and Trading Update

SMS Management and Technology announced on 2 May 2016 that Chief Executive Officer (CEO), Jacqueline Korhonen has resigned as CEO and director of the Company, effective immediately....

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16:10 | TOX

Tox Free Solutions Announces Share Purchase Plan Scale Back

Tox Free Solutions advised on the recent Share Purchase Plan (SPP) was significantly oversubscribed, with total applications for $18.3m in shares. As previously advised, the Company...

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09:58 | TAH

Tabcorp Holdings Provides Trading Update

Tabcorp Holdings provided a trading update for the third quarter of the FY2016. Reported 3Q16 group revenues were $518.4m, up 1.9% on the pcp. Year-to-date revenues are $1,654.0m,...

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09:25 | BRS

Broadspectrum Provides Ninth Supplementary Bidder's Statement

Broadspectrum provided Ferrovial Services Australia's ninth supplementary bidder's statement in relation to its off-market takeover bid to acquire all of the ordinary shares in the...

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09:12 | IAG

Insurance Australia Group Considers Subordinated Notes Offer

Insurance Australia Group announced that it is considering making an offer of up to NZ$250m of unsecured subordinated convertible notes to institutional investors and NZ retail...

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08:59 | RRL

Regis Resources Announces Multiple Gold Anomalies Identified

Regis Resources announced that Lag soil sampling has identified multiple geochemical anomalies greater than +75 ppb Au on the four Duketon Mining/the Company JV tenements. The best...

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08:41 | CDD

Cardno Provides Market Update and FY16 Guidance

Cardno provided an update on FY16 trading performance. It expects FY16 EBITDA of between A$40m and A$45m for the full year ended 30 June 2016 post the ATC divestiture. The Group...

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08:38 | GPT

GPT Group Provides Operational Update

GPT Group announced its operational update for the March 2016 quarter. Following strong comparable specialty moving annual turnover growth of 6.5% for 2015, growth moderated...

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08:20 | SGH

Slater & Gordon Agrees Bank Facility Amendments

Slater and Gordon announced that it has successfully agreed with its lenders amendments to the terms of its existing Syndicated Facility Agreement and executed documentation. The...

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08:20 | ANN

Ansell Announces to Divest OnguardMar Footwear Protection Business

Ansell announced that it has sold its ONGUARD footwear-protection business to Dunlop Industrial and Protective Footwear, Inc. The transaction includes footwear protection products...

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08:14 | PLS

Pilbara Minerals Announces Outstanding New Drilling Results at Pilgangoora

Pilbara Minerals announced that recent in-fill and exploration drilling along the Western Pegmatite has returned new thick intersections of pegmatite at depth from drill holes PLS...

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08:11 | TLS

Telstra Corporation Announces Capital Management Program

Telstra Corporation announced a capital management program of at least $1.5bn to commence in the first half of the FY2017. The capital management program will be in addition to the...

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29 Apr 2016

17:16 | FAR

Far Provides March 2016 Quarterly Activities Report

Far provided quarterly report for the period ended 31 March 2016. During the period, the Co. and its JV partners continued the evaluation of the SNE oil discovery offshore Senegal...

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16:59 | MIN

Mineral Resources Provides March 2016 Quarterly Activities Report

Mineral Resources provided March 2016 quarterly activities report, reporting Iron ore exports of 3.09mt achieved for the quarter. Production from MRL's two operating mines of 3.12mt...

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16:22 | SXL

Southern Cross Media Group Advises on Landmark Affiliation Agreement Between Nine Entertainment and Southern Cross Austereo

Southern Cross Media Group announced that Southern Cross Austereo (SCA) and Nine Entertainment Co. (Nine) have signed a new regional television affiliation agreement. The five year...

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15:59 | MLX

Metals X Provides March 2016 Quarterly Activities Report

Metals X provided quarterly activities report for the period ended 31 March 2016 reporting that total gold produced for the quarter was 47,591 Oz at a cash cost of $A1,217/Oz and an...

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14:42 | AWE

AWE Provides March 2016 Quarterly Report

AWE provided March 2016 quarterly report, reporting that quarter production was 1.3 mmboe, 13% lower than the December quarter. Lower production was due to planned maintenance at...

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13:11 | SRX

Sirtex Medical Announces SIR-Spheres Microspheres Receives Regulatory Clearance in Canada

Sirtex Medical announced that Health Canada (Sante Canada) has granted a Medical Device Licence (MDL) for SIR-Spheres Y-90 resin microspheres. The MDL allows the Company to supply...

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12:47 | ORG

Origin Energy Provides March 2016 Quarterly Production Report

Origin Energy provided quarterly production report for its Integrated Gas business for the quarter ending 31 March 2016. During the period, the Co. recorded production of 60.9 PJe,...

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11:41 | UGL

UGL Announces NSM Joint Venture Continues for Maintenance of ANZAC Class Ships

UGL announced that Naval Ship Management(NSM), a 50:50 JV between the Company and Babcock Pty, has entered into the Warship Asset Management Agreement (WAMA) with the Commonwealth...

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10:38 | CIM

CIMIC Group Announces CPB Contractors Wins Gold Coast Light Rail Stage Two

CIMIC Group announced that its Group company, CPB Contractors has been selected by GoldLinQ to design and construct Stage 2 of the Gold Coast light rail project. The contract will...

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09:29 | OZL

OZ Minerals Announces Minotaur Identifies Targets Around Prominent Hill

OZ Minerals announced that late in 2015, the Company joined forces with Minotaur Exploration to search for brownfield copper resources around Prominent Hill, SA. Following four...

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09:05 | IFN

Infigen Energy Announces Third Quarter FY16 Production and Revenue

Infigen Energy reported unaudited production and revenue for the three months ended 31 March 2016. Production of 309 GWh for Q3 FY16 was 11% or 37 GWh lower than the pcp due to...

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08:39 | SBM

St Barbara Announces Moody's Rating Raised to B3 with Stable Outlook

St Barbara noted the announcement on 28 April 2016 by Moody's Investors Service that it has raised its rating from Caa1 to B3 on the Company and its senior secured debt, with a...

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08:31 | GOR

Gold Road Resources Provides Retail Offer Booklet

Gold Road Resources announced a 1 for 10 accelerated non-renounceable entitlement offer at an offer price of A$0.44 per New Share. The Retail Entitlement Offer will close on 16 May...

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08:30 | GOR

Gold Road Resources Completes Placement and Institutional Entitlement Offer

Gold Road Resources announced the successful completion of its placement and institutional component of its 1 for 10 accelerated non-renounceable pro-rata entitlement offer launched...

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08:27 | BSL

BlueScope Steel Prices US$500m Senior Unsecured Notes Offering

BlueScope Steel announced the pricing by its wholly-owned subsidiaries BlueScope Steel (Finance) and BlueScope Finance (Americas) LLC, of US$500m in aggregate principal amount of...

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08:23 | GMA

Genworth Mortgage Insurance Australia Provides 1Q16 Earnings Release

Genworth Mortgage Insurance Australia reported statutory NPAT of $67.3m and underlying NPAT of $61.8m for the quarter ended 31 March 2016. New business volume, as measured by New...

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08:23 | AZJ

Aurizon Holdings Announces QCA Final Decision on 2014 Draft Access Undertaking

Aurizon Holdings announced that the Queensland Competition Authority (QCA) published its Final Decision on 28 April 2016 on Aurizon Network's 2014 Draft Access Undertaking...

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08:20 | LYC

Lynas Corporation Releases Quarterly Activities Report

Lynas Corporation released quarterly activities report for the period ended 31 March 2016. The Company continuing low market prices for Rare Earths mean it is not possible to fund...

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08:19 | RIO

Rio Tinto Announces to Purchase $1.359bn Debt

Rio Tinto announced that under its plan to reduce gross debt through the early repayment of some near term maturing debt, Rio Tinto Finance (USA) PLC has accepted for purchase a...

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