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ASX300 News Digest

30 Jul 2014

11:30 | AIA

Auckland International Airport Announces Land Revaluation

Auckland International Airport announced that it is revaluing the land assets within its property plant and equipment portfolio. The company is currently working on the financial...

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11:13 | AMC

Amcor Announces Liquiform Technology

Amcor announced the launch of a revolutionary new technology. LiquiForm uses the consumable liquid instead of compressed air to hydraulically form and fill the container on one...

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11:01 | COE

Cooper Energy Provides Elliston-2 Update

Cooper Energy reported that Elliston-2, located in PPL 249 on the western flank of the Cooper Basin, SA, has been plugged and abandoned after reaching a total depth of 1,660m. The...

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10:13 | CPU

Computershare Provides Update on Voucher Services Business

Computershare advised that it has received notice that the UK Government has concluded its consultation process on the provision of childcare accounts within the new UK Tax-Free...

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09:39 | SYR

Syrah Resources Announces Results of Vanadium Scoping Study

Syrah Resources announced the results of the finalised Vanadium Scoping Study for its 100% owned Balama Graphite and Vanadium Project in north Mozambique. The Scoping Study assumes...

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09:34 | RRL

Regis Resources Reports Negative Cash Flow of $11.43m for the 30 June 2014 Quarter

Regis Resources reported negative cash flow of $11.43m for the quarter ended 30 June 2014. Operating cash flow for the period was $(20.64m). Payments for exploration and evaluation...

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09:29 | RRL

Regis Resources Announces Asset Impairment

Regis Resources advised that it has conducted a preliminary review of the carrying value of non-current assets as at 30 June 2014. This review is ongoing and will be completed in...

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08:49 | TAH

Tabcorp Holdings to Acquire ACTTAB

Tabcorp Holdings announced that it has agreed with the ACT Government to acquire ACTTAB for $105.5m. ACTTAB is a Territory-owned provider of totalisator and fixed odds wagering,...

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08:30 | NST

Northern Star Resources Announces Jundee Resource Upgrade

Northern Star Resources advised that total JORC resources at the Jundee gold mine in WA have increased by 68% to 851,000oz. The reserve component decreases by only 28,000oz despite...

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08:28 | AQG

Alacer Gold Corp Provides Copler Sulfides NI 43-101 Technical Report

Alacer Gold Corp provided the Canadian National Instrument (NI) 43-101 Technical Report for the Copler Sulfide Expansion Project Feasibility Study. The Copler Sulfide Project in...

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08:26 | PRG

Programmed Maintenance Services Provides Trading Update

Programmed Maintenance Services reported that trading conditions remain mixed. Activity in the Property and Infrastructure division, which contributed 44% of EBIT for the year to 31...

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29 Jul 2014

16:19 | BWP

BWP Trust Divests Non-Core Properties

BWP Trust announced the divestment of four non-core properties, in four separate transactions. The divestments, all supported by independent valuation, provide an opportunity for...

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14:28 | FSF

Fonterra Shareholders' Fund Revises Forecast Farmgate Milk Price, Announces Dividend

Fonterra Shareholders' Fund advised that it has reduced its forecast Farmgate Milk Price for the 2014/15 season from $7.00 to $6.00 per kgMS and also announced an estimated dividend...

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13:40 | MND

Monadelphous Group Secures $160m Contract at Sino Iron Project

Monadelphous Group announced that it has secured a major iron ore construction contract with Sino Iron at the Sino iron project, located at Cape Preston, near Karratha in WA. The...

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12:47 | NVT

Navitas Responds to Media Speculation

Navitas referred to recent media speculation concerning a partnership with a sixth institution in the USA that "it expects to reveal as early as this week". The company noted that...

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12:06 | SEA

Sundance Energy Australia Announces Sale of Goliath Prospect

Sundance Energy Australia announced the divestiture of its remaining non-operated Bakken assets. The sale price of US$14.5m includes US$10.0m in cash and relief of a net liability...

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11:49 | LEI

Leighton Holdings Announces Leighton Contractors Secures NZ Transmission Gully PPP

Leighton Holdings announced that Leighton Contractors, as part of the Wellington Gateway Partnership (WGP), has reached financial close on an availability based Public Private...

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11:13 | CDU

CuDeco Announces First 1Mt of Ore at Rocklands

CuDeco provided an update on its Rocklands copper project, reporting that an audited stockpile inventory to the end of June 2014 was 866,065t of ore. Current mining rates should see...

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11:10 | ALQ

ALS Provides Chairman's Address to AGM

ALS provided its chairman's address to the company's AGM. The chairman reported that during the year the group continued its strategy of business expansion and diversification in...

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09:14 | BPT

Beach Energy Provides June 2014 Quarterly Activities Report

Beach Energy provided its June 2014 quarterly activities report, reporting quarterly total production of 2.3MMboe, 1% up on the prior quarter, mainly due to increased SACB JV gas...

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09:12 | BPT

Beach Energy Provides FY15 Production and Capex Guidance

Beach Energy provided a guidance range in relation to the financial year 2015 (FY15): production - 8.6 to 9.4 MMboe; and capital expenditure - $450 to $500m. The above guidance has...

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08:54 | UXC

UXC Updates Market Guidance

UXC provided an update to the market guidance of 18 June 2014 in that the company will report a substantially lower net debt position than anticipated. The net debt as at 30 June...

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08:38 | QBE

QBE Insurance Group Provides Market Update on 2014 Interim Result

QBE Insurance Group advised that it is scheduled to report its 2014 interim result on 19 August 2014. The first half result has been impacted by a claims reserve strengthening of...

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08:28 | EVN

Evolution Mining Provides June 2014 Quarterly Activities Report

Evolution Mining provided its June 2014 quarterly activities report, reporting that quarter production of 111,899oz gold equivalent exceeded guidance and was achieved at a lower...

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08:25 | RSG

Resolute Mining Provides June 2014 Quarterly Activities Report

Resolute Mining provided its June 2014 quarterly activities report, reporting that total gold production for the quarter of 81,877oz (78,490oz) was achieved at a cash cost of...

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28 Jul 2014

16:20 | TRY

Troy Resources Provides Corporate and Operational Update

Troy Resources reported the results of its NI43-101 and JORC prefeasibility study (collectively the Study) for the open cut mining and treatment of the Smarts and Hicks deposits at...

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14:30 | ORG

Origin Energy Provides CEN's Monthly Operational Data for June 2014

Origin Energy provided Contact Energy's (CEN) monthly operational data for the month ended 30 June 2014, reporting hydro storage as at 30 June: South Island 117% of mean; and North...

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14:04 | TAH

Tabcorp Holdings Applies for Special Leave to Appeal to the High Court of Australia

Tabcorp Holdings applied for special leave to appeal to the High Court of Australia in respect of the judgment of the Court of Appeal of the Supreme Court of Vic handed down on 1...

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12:31 | PDN

Paladin Energy Provides June 2014 Quarterly Activities Report

Paladin Energy provided its June 2014 quarterly activities report, reporting Langer Heinrich minority Joint Venture US$190m sale successfully completed; strong production for FY14...

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11:50 | TTS

Tatts Group to Apply for Special Leave to Appeal

Tatts Group advised that as previously advised, on 1 July, 2014 the Victorian Court of Appeal upheld the Victorian Treasurer's determination that Tatts must pay a Health Benefit...

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11:46 | WOR

WorleyParsons Receives Brownfield EPCM Agreement by Woodside Energy

WorleyParsons announced it has been selected to provide engineering, procurement and construction management services under a 'Brownfield EPCM Services Outline Agreement' for the...

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11:35 | BPT

Beach Energy to Expand Cooper Basin Oil Exploration

Beach Energy announced terms have been agreed with Drillsearch to farm-in to 45% of the 2,300 km2 ATP 924 oil exploration block in Queensland. The initial commitment is to fund the...

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09:55 | BLY

Boart Longyear Announces 2014 2Q and First Half Preliminary Results and KPIs

Boart Longyear announced preliminary results, key performance indicators (KPIs) and other company information for the second quarter and half-year ended 30 June 2014. 2014 second...

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09:37 | SLR

Silver Lake Resources Announces Acquisition of JV Interest in Majestic Imperial Project

Silver Lake Resources announced that it has reached agreement with Newcrest Operations to acquire Newcrest's 15% Mount Monger JV interest (JVI), which includes the Majestic and...

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09:08 | NVT

Navitas Announces Results for Financial Year Ended 30 June 2014

Navitas announced a 20% increase in revenue to $878.2m for FY14 (FY13: 731.7m). Following significant investments in systems, people and processes across the Group, and in line with...

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09:07 | NVT

Navitas Reports NPAT Down 31% to $51.58m for the Year to 30 June 2014

Navitas reported NPAT down 31% to $51.58m for the year ended 30 June 2014. Revenues from ordinary activities were $878.22m, up 20% from last year. Diluted EPS was 13.7 cents...

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08:49 | IGO

Independence Group Provides June 2014 Quarterly Activities Report

Independence Group provided its June 2014 quarterly activities report, reporting at the Tropicana JV, 132,844oz Au (IGO's 30% share: 39,853oz Au) produced; the Company's...

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08:49 | ALZ

Australand Property Group Provides Frasers Centrepoint Takeover Offer Update

Australand Property Group referred to Frasers Centrepoint's Offer to acquire up to 100% of the Company via an off-market takeover for $4.48 cash per Australand security via its...

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08:33 | SXY

Senex Energy Provides June 2014 Quarterly Activities Report

Senex Energy provided its June 2014 quarterly activities report, reporting June quarter oil production was up 43.3% on the previous quarter to a new high of 0.43 million barrels...

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08:29 | REA

REA Group Acquires 17.22% Shareholding in iProperty Group

REA Group announced it has acquired a 17.22% shareholding in iProperty Group, an online property business operating in South East Asia. The shares have been acquired from...

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08:28 | NAB

National Australia Bank to Sell Portfolio of UK Commercial Real Estate Loans

National Australia Bank announced it has agreed to the sale of a GBP 625m parcel of largely non-performing loans from its UK Commercial Real Estate (CRE) portfolio to an affiliate...

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08:28 | GWA

GWA Group Announces Trading Update and Strategic Review

GWA Group provided a trading update based on unaudited financial accounts for the year ended 30 June 2014. Revenue for 2013/14 finished up 2% on the corresponding period last year,...

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08:28 | SXY

Senex Energy Announces 2P Oil Reserves Upgraded by 4.5 to 13.3 mmbbls

Senex Energy announced it has upgraded its proved and probable oil reserves as at 30 June 2014 following a review of the Company's assets in the SA Cooper-Eromanga Basin by Senex...

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08:27 | BCI

BC Iron Provides June 2014 Quarterly Activities Report

BC Iron provided its June 2014 quarterly activities report, reporting record full year figures across the entire NJV operation, included sales of 5.8M wmt (BC Iron share 4.3M wmt);...

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08:27 | LEI

Leighton Holdings Reports NPAT Down 20% to $291.3m for the Half-Year to 30 June 2014

Leighton Holdings reported NPAT down 20% to $291.3m for the half-year ended 30 June 2014. Revenues from ordinary activities were $11.05bn, up 5% from the same period last year....

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25 Jul 2014

16:11 | MRM

Mermaid Marine Australia Receives Notice of Intention to Take Protected Industrial Action

Mermaid Marine Australia advised that it has received notice that a proportion of its employees at the Dampier Supply Base intend to take protected industrial action in respect of...

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14:49 | BCI

BC Iron Provides Brazil Exploration Update

BC Iron announced the completion of the initial exploration program at the Bahia and Minas Novas iron ore projects in Brazil. The exploration program comprised geophysics, mapping,...

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12:57 | FLT

Flight Centre Travel Group Announces Preliminary 2013/14 Results

Flight Centre Travel Group released preliminary 2013/14 results and provided further details on its non-cash write-downs in India and the US. Based on unaudited trading results for...

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09:48 | SIR

Sirius Resources Raises $189m for Nova Nickel Project

Sirius Resources advised that it has completed the bookbuild for a placement to domestic and international institutional and sophisticated investors to raise approximately $189m....

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09:05 | ACR

Acrux Announces Axiron Net Sales for the Quarter to 30 June 2014

Acrux confirmed that Eli Lilly has reported global Axiron net sales of US$47.1m in its financial results for the quarter ending 30 June 2014, up from US$39.5m for the previous...

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09:03 | AMM

Amcom Telecommunications Signs up University of Melbourne

Amcom Telecommunications announced a contract with the University of Melbourne to deploy the Amcom Cloud Collaboration (ACC) telephony and unified communications solution across its...

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09:01 | ACR

Acrux Appoints CEO

Acrux announced the appointment of a new CEO and MD, Michael Kotsanis. Mr Kotsanis is currently Chief Commercial Officer of Synthon Holding in the Netherlands. He has 25 years'...

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08:40 | GUD

GUD Holdings Reports NPAT Down 43.8% to $17.68m for the Year to 30 June 2014

GUD Holdings reported NPAT down 43.8% to $17.68m for the year ended 30 June 2014. Revenues from ordinary activities were $591.64m, down 0.8% from last year. Diluted EPS was 24.6...

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08:26 | SDL

Sundance Resources Announces Award of Congo Convention

Sundance Resources advised that the Republic of Congo Government has signed the Nabeba Mining Convention. The Convention was agreed and signed at a ceremony in the country's capital...

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07:55 | CNU

Chorus Corrects Committed Bank Facilities Announcement

Chorus advised that its 25 July 2014 announcement regarding amendments to its committed bank facilities should read: Chorus' debt of $1.8bn at 31 March comprised $1,140m in bank...

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07:37 | AIA

Auckland International Airport Prices Second USPP Issue

Auckland International Airport advised that it has priced a US$250m loan transaction in the United States Private Placement (USPP) market. The USPP funding is the company's third...

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07:24 | CNU

Chorus Amends Committed Bank Facilities, Provides Dividend Update

Chorus advised that it has agreed amendments to its committed bank facilities, providing additional financial flexibility and funding certainty. Under the agreements, the banks have...

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24 Jul 2014

15:45 | SEH

Sino Gas & Energy Holdings Reports Negative Cash Flow of $1.66m for the June 2014 Quarter

Sino Gas amp; Energy Holdings reported negative cash flow of $1.66m for the quarter ended 30 June 2014. Operating cash flow for the period was $(1.06m). Investing cash flow was...

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14:42 | OSH

Oil Search Provides Taza 2 Drilling Report

Oil Search reported that at 0600 hours KRI time on 23 July 2014, the Taza 2 well was at a total depth of 4,200m in a 6-1/8" hole. During the week, having seen encouraging...

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12:54 | HZN

Horizon Oil Announces Spud of Whio-1 Well

Horizon Oil advised that the Whio-1 exploration well in PEP 51313 spudded at 2145 hours (local time) on 23 July 2014. The rig came on contract to OMV New Zealand on 19 July and was...

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09:55 | SLX

Silex Systems Announces GLE Restructures to Align with Adverse Market Conditions

Silex Systems advised that the Licensee for the SILEX Uranium Enrichment Technology, GE-Hitachi Global Laser Enrichment (GLE), has announced changes to the funding and pace of the...

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09:46 | BLY

Boart Longyear Responds to ASX Price Query, No New Information

Boart Longyear responded to an ASX share price query stating that it is not aware of any information which, if known, could be an explanation for the recent trading in its...

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09:33 | BDR

Beadell Resources Provides June 2014 Quarterly Activities Report

Beadell Resources provided its June 2014 quarterly activities report, reporting that gold sales for the quarter were 30,483oz of gold with production of 28,089oz of gold. Overall...

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09:30 | DLS

Drillsearch Energy Provides June 2014 Quarterly Activities Report

Drillsearch Energy provided its June 2014 quarterly activities report, reporting that production of 3.4m barrels of oil equivalent (mmboe) in the year ending 30 June 2014 exceeded...

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09:25 | AGK

AGL Energy Announces ACCC Will Not Appeal Tribunal Decision

AGL Energy advised that the ACCC has decided that it will not apply for judicial review of the decision by the Australian Competition Tribunal to grant conditional authorisation to...

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09:21 | NCM

Newcrest Mining Provides June 2014 Quarterly Activities Report

Newcrest Mining provided its June 2014 quarterly activities report, reporting that during the quarter the company produced 636,736oz of gold and 22,871t of copper with an AISC of...

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09:19 | NCM

Newcrest Mining Announces Expected Asset Impairment

Newcrest Mining advised that the company conducting its carrying value review of all assets as at 30 June 2014 in accordance with its usual policy and processes, including an...

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09:16 | APZ

Aspen Group Announces Carrying Values and Asset Update

Aspen Group announced that as part of its usual valuation process for statutory annual reporting purposes, valuations of its three remaining major properties have been completed....

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09:11 | AGO

Atlas Iron Announces FY15 Production and Cost Guidance

Atlas Iron advised that it is set to record increased production, lower costs and reduced capital expenditure in the year to 30 June 2015. The company is on track to produce...

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09:10 | TIX

360 Capital Industrial Fund Announces Distribution of 4.65 Cents for the Quarter Ended 30 June 2014

360 Capital Industrial Fund announced a distribution of 4.65 cents per unit for the quarter ending 30 June 2014. Details of the full year components of the distributions will be...

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09:08 | AGO

Atlas Iron Provides June 2014 Quarterly Activities Report

Atlas Iron provided its June 2014 quarterly activities report, reporting that the company has exceeded its production guidance and achieved its cash cost guidance for the year to 30...

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09:00 | ASX

ASX Lowers Fees

ASX reported that from 1 October 2014, ASX will lower fees and increase growth incentives for clearing participants in its interest rate futures and over-the-counter (OTC) clearing...

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08:38 | MQG

Macquarie Group Provides Q1 FY2015 Update

Macquarie Group advised that MD and CEO, Nicholas Moore, has reported that the operating groups' contribution for the first quarter of the 2015 financial year (1Q15) was down on the...

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08:29 | IAG

Insurance Australia Group Provides FY14 Insurance Margin Update

Insurance Australia Group advised that it expects to report an insurance margin of between 18.0% and 18.3% for the financial year ended 30 June 2014 (FY14), compared to previous...

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08:27 | PDN

Paladin Energy Announces Successful Refinancing of Langer Heinrich Facility

Paladin Energy advised that it has entered into agreements with existing lenders to refinance the Langer Heinrich (LH) project finance facility. The facility was drawn-down in...

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08:26 | PDN

Paladin Energy Settles Sale of Minority Interest in Langer Heinrich Mine

Paladin Energy advised that settlement to sell a 25% JV equity stake in its flagship Langer Heinrich uranium mining operation in Namibia to CNNC Overseas Uranium Holding, a...

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23 Jul 2014

18:47 | BEN

Bendigo and Adelaide Bank Settles Great Southern Group Proceedings

Bendigo and Adelaide Bank advised that it has entered into an agreement to conclude the class actions brought by investors in managed investment schemes operated by Great Southern....

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12:30 | COE

Cooper Energy Announces Ellison-2 Spuds in Cooper Basin

Cooper Energy advised that Elliston-2, an oil development well located in PPL 249 on the western flank of the Cooper Basin, spudded on Tuesday 22 July 2014 at 2230 hours. At 0600...

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09:55 | ABC

Adelaide Brighton Acquires Limestone Quarry Asset

Adelaide Brighton advised that it has entered into an agreement to acquire the Angaston Quarry assets of the Penrice group of companies. Completion of the transaction is expected on...

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09:54 | DXS

Dexus Property Group Announces Sale of Interest in 201 Kent Street Sydney

Dexus Property Group announced the sale of the DEXUS Office Partnership's 50% interest in 201 Kent Street, Sydney for $173.0m. The Partnership acquired its 50% interest in 201 Kent...

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09:38 | MLD

Maca Announces Contract Award and Board Changes, Provides Financial Update

Maca announced that it has executed a contract with Karara Mining in relation to its Hinge DSO Hematite Iron Ore project in the Midwest region of WA. The company has commenced...

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09:29 | SLR

Silver Lake Resources Seeks Expressions of Interest for Lakewood Mill

Silver Lake Resources advised that it has initiated a process to seek expressions of interest to either toll treat through, or for outright purchase of, the Lakewood Mill located...

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09:15 | SIR

Sirius Resources Trading Halted, Pending Company Announcement

The securities of Sirius 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 Friday 25...

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08:33 | CPU

Computershare Announces Acquisition of Homeloan Management

Computershare advised that it has agreed terms for the acquisition of Homeloan Management (HML) from Skipton Building Society in the UK. HML is a third party mortgage administration...

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08:29 | AZJ

Aurizon Holdings Announces June 2014 Quarter Above Rail Volumes

Aurizon Holdings advised that June 2014 quarter volumes of 52.1Mt coal represented a decrease of 1% compared to the previous corresponding period (pcp). Qld volumes decreased 2%...

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08:28 | SFR

Sandfire Resources Provides June 2014 Quarterly Report Presentation

Sandfire Resources provided its June 2014 quarterly report presentation, which highlights mining, processing, sales, exploration and operating costs. Production and operations...

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08:28 | SFR

Sandfire Resources Provides June 2014 Quarterly Activities Report

Sandfire Resources provided its June 2014 quarterly activities report, reporting that 17,654t copper and 9,288oz gold was produced during the quarter at a C1 cash cost of...

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08:27 | SGM

Sims Metal Management Announces Five Year Strategic Plan

Sims Metal Management announced a five-year strategic plan to grow underlying EBIT by 350% over the FY13 underlying result, following a review of the company's global operating...

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08:26 | BHP

BHP Billiton Provides Operational Review for the Year Ended 30 June 2014

BHP Billiton advised that strong operating performance in the 2014 financial year delivered a 9% increase in group production as records were achieved across 12 operations and four...

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