ASX300 News Digest
National Australia Bank Announces Key Items Impacting 2018 Half Year Results
National Australia Bank announced key items impacting 2018 Half Year results stating that restructuring-related costs were of $755m included in cash earnings but separately...
ResMed entered into a certain Amended and Restated Credit Agreement, dated as of the Closing Date (the Revolving Credit Agreement), by and among the Company, as borrower, each of...
Fletcher Building Completes Institutional Shortfall Bookbuild Successfully
Fletcher Building advised the successful completion of the institutional shortfall bookbuild (Institutional Bookbuild) of its NZ$750m fully underwritten pro-rata accelerated 1 for...
MYOB Group Announces ACCC and NZCC Extend Review of Proposed Acquisition
MYOB Group provided an update on the proposed acquisition of Reckon's Accountant Group assets. It advises that both the Australian Competition and Consumer Commission (ACCC) and the...
Sino Gas & Energy Holdings Provides Q1 Activities Report
Sino Gas amp; Energy Holdings provided Q1 activities report. The JV approved a 2018 capital expenditure budget of US$60 - 70m focused on securing first Overall Development Plan...
APN Outdoor Group Provides AGM Presentation
APN Outdoor Group provided AGM presentation. The Year-to-date the out-of-home market remains robust. It Retained key contracts to continue to deliver a market diversified network....
Nufarm Prices US$475m Senior Unsecured Notes Offering
Nufarm announced the pricing by its wholly-owned subsidiaries, Nufarm Australia and Nufarm Americas of US$475m in aggregate principal amount of Senior Unsecured Notes maturing in...
Sydney Airport Completes Issue of Eurobond Successfully
Sydney Airport completed issue of eurobond successfully. The issuance of a EUR500m 10-year Eurobond continues to demonstrate its proactive approach to capital management. Expanding...
Sydney Airport Provides Traffic Performance for March 2018
Sydney Airport provided traffic performance for March 2018. The Domestic growth was a robust 3.5% for March 2018 compared to the pcp, driven by a 1.4 percentage point improvement in...
AMP apologised unreservedly for the misconduct and failures in regulatory disclosures in the advice business. It will be making a submission to the Royal Commission to respond to...
Speedcast International Announces Corporate Debt Ratings Received from Moody's and SP
Speedcast International announced that in connection with the proposed offering of a new US$425m Senior Secured 7-year US Term Loan B, ratings agencies Moody's Investors Services...
Wesfarmers Provides Quarterly Statement Of Production And Development Exploration
Wesfarmers provided quarterly statement of production and development exploration, Overburden removal for the quarter ended 29 March 2018 was 2.9% above the previous quarter. Coal...
ImpediMed Provides Interim Results of PREVENT Trial
ImpediMed released findings of the interim analysis of the PREVENT trial. The Company announced that the PREVENT prospective, randomized trial interim analysis has demonstrated...
Speedcast International Announces Regarding New Debt Refinancing to Improve Operational Flexibility
Speedcast International announced its intention to pursue the refinancing of its existing Bank Loans. The Company intends, together with some wholly-owned subsidiaries, including...
Charter Hall Long Wale REIT Increases Interest Rate Hedging Position
Charter Hall Long Wale REIT noted that Charter Hall WALE as responsible entity of the Company announced that it has entered a $100m, seven-year interest rate swap. The new swap...
NRW Holdings Provides Update With Respect to the Baralaba North Coal Mine
NRW Holdings provided an update to its ASX announcement of the 8 March 2018 with respect to the Baralaba North Coal Mine. Its wholly owned subsidiary, Golding Contractors (Golding)...
Magnis Resources Provides Tanzanian Update on Nachu Graphite Project
Magnis Resources provided further comment to the ASX announcement released on 9 March 2018 referencing the agreement reached with the Tanzanian Government to progress the Nachu...
Adelaide Brighton Signs Major SA Cement Contract
Adelaide Brighton announced the signing of a contract with BHP Billiton for the continuation of supply of cement and lime to BHP's Olympic Dam mine. The new contract maintains and...
Alumina Notes on Alcoa First Quarter 2018 Earnings Release
Alumina noted that Alcoa quarterly earnings release. In 1Q 2018, its production of alumina was 3.0mt and bauxite production from wholly owned mines plus the equity share in MRN and...
St Barbara Provides Quarterly Q3 March FY 2018 Report
St Barbara Provided Quarterly Q3 March FY 2018 Report. Consolidated gold production for the quarter ended 31 March 2018 (Q3 March FY 2018) was 85,885oz (Q2 December FY 2018:...
Santos Provides 2018 First Quarter Activities Report
Santos provided 2018 first quarter activities report. On 3 April 2018, the Company announced that it had received an unsolicited, non-binding and indicative proposal from Harbour...
Australian Pharmaceutical Industries reported NPAT down 14.41% to $24.94m for the half-year ended 28 February 2018. Revenue from ordinary activities were $2,009.319m, down 0.3% from...
South32 Provides Quarterly Report March 2018
South32 provided quarterly report March 2018. Net cash increased by US$477m to US$1.9B during the March 2018 quarter as commodity prices remained elevated, the prior build in...
BHP Billiton Provides Operational Review for Nine Months Ended 31 March 2018
BHP Billiton provided operational review for nine months ended 31 March 2018. It has four major projects under development in Petroleum, Copper and Potash, with a combined budget of...
Evolution Mining Provides Annual Mineral Resources and Ore Reserves Statement
Evolution Mining released its annual Mineral Resources and Ore Reserves (MROR) estimates as at 31 December 2017. The Company remains committed to building a sustainable business...
Evolution Mining Provides March 2018 Quarterly Report
Evolution Mining provided March 2018 quarterly report. The Company sold 180,157oz of gold at an average gold price of A$1,664/oz (December quarter: 188,546 at A$1,640/oz)....
Iluka Resources Provides Quarterly Review For 31 March 2018
Iluka Resources provided quarterly review for 31 March 2018. It continues to view zircon supply as being tight. Indications are producer inventory levels are low or depleted and...
Austal Finalises Contract with Government For Two Additional Pacific Patrol Boats For Timor Leste
Austal confirmed the contract for two Guardian Class Pacific Patrol Boats (PPB) for Timor Leste. The additional contract is worth A$29.7m and increases the total program from 19 to...
Challenger Announces Third Quarter Performance
Challenger announced that it continued momentum across its two operating businesses in the March 2018 quarter, with 3% growth in total assets under management to $78.6bn, driven by...
Afterpay Touch Group Announces Successful Close of 4-Year Senior Unsecured Note Offering
Afterpay Touch Group announced that it has successfully closed a A$50m offering of 4-year senior unsecured Notes at a fixed coupon of 7.25% pa. The Company updated that the sole...
Vicinity Centres Announces Sale of Brandon Park
Vicinity Centres announced that together with its co-owner, they have exchanged contracts to sell Brandon Park in Vic to a fund managed by Newmark Capital for $135m, reflecting a...
Fletcher Building Announces Completion of Institutional Entitlement Offer
Fletcher Building advised that it has completed the institutional entitlement offer of its fully underwritten 1 for 4.46 pro-rata accelerated entitlement offer of new FPO shares in...
Infigen Energy Achieves Financial Close on A$605M Syndicated Facilities
Infigen Energy announced that financial close has been reached under the A$605m Syndicated Facility Agreement signed on 9 April 2018. As a result, the Company's Global Facility and...
Abacus Property Group Announces Regarding Passing of Founder and MD, Dr. Frank Wolf
Abacus Property Group announced the passing of its founder and MD, Dr. Frank Wolf after a short battle with cancer. The Company's Board of Directors, and all staff and partners,...
Aurizon Holdings Provides March 2018 Quarterly Report Above Rail Volumes
Aurizon Holdings provided March 2018 quarterly report above rail volumes. During the March 2018 Quarter the Company received notification from Cliffs Australia that it will be...
Liquefied Natural Gas Provides Further Update on Exit of Fisherman's Landing Project
Liquefied Natural Gas announced that it refers to its announcement dated 17 April 2018 and confirms that the buyer of the Company's wholly-owned subsidiary, Gladstone LNG, is LNG...
Woodside Petroleum Provides First Quarter 2018 Report
Woodside Petroleum provided First Quarter 2018 report. The Company announced the acquisition of an additional 50% interest in WA-1-R, which contains the majority of the Scarborough...
Mayne Pharma Group Opens New US Manufacturing Facility
Mayne Pharma Group announced its new US$80m, oral solid-dose commercial manufacturing facility in Greenville, North Carolina, USA, is officially open. Custom-designed from the...
Regis Resources Provides Quarterly Report To 31 March 2018
Regis Resources provided quarterly report to 31 March 2018. Quarterly gold production of 85,331oz at Duketon was a run rate in line with the middle of annual production guidance and...
Centuria Industrial REIT Provides Goldman Sachs Small Mid-Cap Conference Presentation
Centuria Industrial REIT noted that Centuria Property Funds No. 2 (CPF2L) as Responsible Entity of the Company provides a presentation that will be used at the Goldman Sachs ninth...
NEXTDC Announces Regarding Completion of Placement
NEXTDC advised that further to its ASX Announcement dated 17 April 2018, the Company has successfully completed the institutional placement, raising $297m through the issue of 43.1m...
Emeco Holdings Provides Third Quarter Operational Update
Emeco Holdings provided a trading update for the third quarter of the FY2018. In 3Q 2018, the Company increased operating EBITDA to A$41.0m (up 15% on 2Q18), from revenue of...
Link Administration Holdings Announces Successful Completion of Institutional Placement
Link Administration Holdings announced that it has successfully completed the fully underwritten placement of 35,294,118 ordinary shares to institutional and professional investors...
Orocobre Provides Cauchari Drilling Update
Orocobre provided an update on the brine sampling of diamond core hole CAU17 in the NW Sector of the Cauchari JV properties located in Jujuy Province, Argentina. The exploration...
Rio Tinto Releases First Quarter Production Results
Rio Tinto released first quarter production results. Quarterly hard coking coal production was 30% lower than the first quarter in 2017 and 53% lower than the fourth quarter of 2017...
NRW Holdings Announces Regarding Recommencement of Operations
NRW Holdings advised that the Salini-NRW JV has received a directive from the Public Transport Authority to recommence normal tunnelling operations, effective 17 April 2018.
CYBG Increases in Legacy PPI Costs
CYBG announced that it expects to increase its provisions for legacy PPI costs as at 31 March 2018 by GBP350m, with the provision amount subject to the finalisation of the Group's...
Link Administration Holdings Announces Fully Underwritten Institutional Placement and SPP
Link Administration Holdings announced an equity raising comprising an A$300m fully underwritten institutional placement and a non-underwritten share purchase plan. The Company...
Commonwealth Bank of Australia Announces Outcome of Strategic Review of CFSGAM
Commonwealth Bank of Australia announced the strategic review of its global investment management business, Colonial First State Global Asset Management ("CFSGAM"). The Company...
Propertylink Group noted the announcement made on the Singapore Exchange (SGX) by Raffles Education Corporation (REC) in relation to the non-binding heads of agreement (Heads of...
Webjet Announces Earnings Guidance Unchanged
Webjet advised that it has come to the Company's attention that Bloomberg on 17 April 2018reported a softening of the FY18 guidance that the Company provided on 22 February 2018....
Metals X Provides Quarterly Activities Report
Metals X updated that the operating EBITDA was of $13.5m for the quarter ended on March 2018 wherein for December 2017 quarter it was $8.5m. The Company also reported strong balance...
Afterpay Touch Group Announces Launch of 4-Year Senior Unsecured Note Offering
Afterpay Touch Group announced that it will undertake a 4-year senior unsecured notes offering to raise a minimum of $40m. In accordance with the requirements of the Corporations...
Oil Search Announces Regarding Assignment of Resource to Pikka Unit Alaska
Oil Search advised that, following the successful acquisition of a 25.5% interest in the Pikka Unit from Armstrong Energy and GMT Exploration Company as previously announced in...
Oil Search Provides Quarterly Report to 31 March 2018
Oil Search provided quarterly report to 31 March 2018. Total production in the first quarter of 2018 was 4.84 million barrels of oil equivalent (mmboe), 36% lower than in the...
EML Payments Provides Goldman Sachs Small Mid Cap Conference Presentation
EML Payments provided Goldman Sachs small mid cap conference presentation. The company has historically used GDV as a proxy for market guidance, however with significant variances...
Village Roadshow Provides Trading Update
Village Roadshow announced a trading update based on the 9 months to 31 March 2018. Its two main divisions, Theme Parks and Cinema Exhibition, have continued to experience...
ImpediMed Issues US FDA 510(k) Clearance for Bilateral Lymphoedema Assessment
ImpediMed announced the issuance by the US FDA of a 510(k) clearance to market SOZO as an aid in the clinical assessment of bilateral lymphoedema in adult patient's arms or legs....
Orocobre Announces Succession Planning for MD/CEO
Orocobre advised that Richard Seville has informed the Board of his intention to step down from the role of, MD and CEO of the Company. After 11 years in this role, Richard has...
Abacus Property Group Notes Wing Tai Holdings Acquires 464 St Kilda Rd
Abacus Property Group announced that Company and Wing Tai Holdings through their respective subsidiary company have agreed to acquire 464 St Kilda Road, Melbourne VIC as tenants in...
Liquefied Natural Gas Provides Update on Exit of Fisherman's Landing
Liquefied Natural Gas executed a Share Sale Agreement (the Agreement) with a third-party (the Buyer) for the acquisition of all the shares of its wholly-owned subsidiary, Gladstone...
NEXTDC Provides Capital Raising Presentation
NEXTDC provided capital raising presentation. The Company announced a capital raising by way of an underwritten Institutional Placement of $281m (Placement) and an uncapped,...
NEXTDC Announces Regarding New Australian Data Centre Sites and Share Purchase Plan
NEXTDC advised on its intention to purchase three new commercial property sites for future data centre developments: Sydney, Melbourne, and Perth (P2). The Company will fund the New...
Whitehaven Coal Provides March 2018 Quarterly Report
Whitehaven Coal provided March 2018 quarterly report. Safety performance across the group continued to improve, with its TRIFR of 5.51 recordable injuries per million hours worked...
HUB24 Delivers Record Third Quarter Flows
HUB24 delivered record third quarter flows. Net inflows, a record for the third quarter, were 42% higher than the pcp and are the second highest quarterly inflow result for the...
CIMIC Group Provides Result for the Three Months to 31 March 2018
CIMIC Group announced a solid result for the three months to 31 March 2018, as the Group strengthened its market position and increased revenue and cash-backed profit. The NPAT is...
Mayne Pharma Group Launches Amiodarone 200mg Tablets in the US
Mayne Pharma Group announced the launch of amiodarone tablets, 200mg in the US. Amiodarone is a generic alternative to Cordarone tablets, indicated for life-threatening recurrent...
NEXTDC Trading Halted, Pending Company Announcement
The securities of NEXTDC will be placed in trading halt session state at the request of the Company, until the earlier of the commencement of normal trading on 19 April 2018 or when...
Bravura Solutions Signs Contract with Commonwealth Superannuation Corporation
Bravura Solutions announced that it has signed a long-term contract with Commonwealth Superannuation Corporation (CSC) for the implementation of the Sonata platform as a managed...
Bank of Queensland Delivers Improved First Half Profit
Bank of Queensland announced cash earnings after tax of $182m for 1H 2018, up 4% on 1H 2017. Statutory net profit after tax increased by 8% to $174m. The Company's Board has...
Bank of Queensland Announces Sale of St Andrew's Insurance
Bank of Queensland announced the sale of St Andrew's Insurance to Freedom Insurance Group for total consideration to the Company of $65m. The transaction is comprised of two...
OZ Minerals Provides March 2018 Quarterly Report
OZ Minerals provided March 2018 quarterly report. Ore mined in the quarter was 2.2Mt. Waste movement of 0.6Mt was 42% below the prior quarter. The strip ratio in Q1 was 0.25:1,...
OZ Minerals Announces Being Awarded the Contract for the Next Phase of Carrapateena Underground Mine
OZ Minerals announced that it has awarded the contract for the next phase of its Carrapateena underground mine development to Downer EDI (Downer). The six-and-a-half-year contract...
Nufarm Announces Proposed Offering of Senior Unsecured Notes
Nufarm announced the intention of its wholly-owned subsidiaries, Nufarm Australia and Nufarm Americas to offer, subject to market and other conditions, US$450m aggregate principal...
Saracen Mineral Holdings Provides Quarterly Report - March 2018
Saracen Mineral Holdings provided quarterly report. The Production for the March 2018 quarter was 79,727oz, above the quarterly run-rate required to meet its 300,000oz production...
Fletcher Building Announces Regarding Entitlement Offer of Ordinary Shares
Fletcher Building announced regarding entitlement offer of ordinary shares. A pro rata entitlement offer of 1 New Share for every 4.46 Existing Shares held by Eligible Shareholders...
Fletcher Building Provides Investor Presentation
Fletcher Building provided investor presentation. The Group continues to trade in line with its earnings guidance with no change to estimated FY 2018 EBIT for the Group of NZ$680m -...
Fletcher Building Moves to Strengthen Balance Sheet and Focus Portfolio
Fletcher Building announced that it has moved to raise equity and establish new standby debt facilities to strengthen the Company's capital structure and better enable effective...
Fletcher Building Trading Halted, Pending Company Announcement
The securities of Fletcher Building will be placed in trading halt session state at the request of the Company, until the earlier of the commencement of normal trading on 20 April...
The a2 Milk Company Expands into South Korea
The a2 Milk Company advised that it has entered into an exclusive sales and distribution agreement with Yuhan Corporation (Yuhan) to promote and distribute its branded products in...
Blue Sky Alternative Investments Provides Market Update
Blue Sky Alternative Investments announced that the Board of Directors will commission an independent review with the objective of enhancing its disclosures around financial...
Ridley Corporation Provides Update on Rendering Poultry Supply and Inventory Legacy
Ridley Corporation advised that supply to its rendering operation at Maroota NSW from Red Lea Chickens ceased from the start of April 2018. The ability of the business under...
Transurban Group Provides Update on March 2018 Quarter
Transurban Group provided update on March 2018 quarter. During the period, Average Daily Traffic (ADT) increased by 2.7%, with growth across all Australian markets. Traffic growth...
WPP AUNZ Announces Regarding WPP
WPP AUNZ announced that it refers to an announcement made by WPP on 14 April 2018 regarding leadership changes at WPP. WPP is the leader in marketing communications services and is...
Senex Energy Announces Transfer of Lattice Gas Free-Carry to Western Flank
Senex Energy announced that the Company and Beach Energy had reached agreement to transfer up to $43m free-carry commitment on the JV'S unconventional gas project to the Company's...
Lynas Corporation Reports Positive Cash Flow of $3.86m for the March 2018 Quarter
Lynas Corporation reported positive cash flow of $3.86m for quarter ended 31 March 2018. Operating cash flow for the period was $11.12m. Investing cash flow was $(7.26m). Financing...
Lynas Corporation Provides Quarterly Activities Report
Lynas Corporation provided quarterly activities report. The Group received A$79.7m in sales this quarter compared to A$116.5m in the December 2017 quarter. Total cash at 31 March...
Perseus Mining Provides March 2018 Quarterly Activities Report
Perseus Mining provided March 2018 quarterly activities report. It completed development and commissioning of the Sissingue Gold Mine ahead of time and on budget and declared...
Seven West Media Announces Acquiring Free-to-Air Cricket Rights
Seven West Media announced that it has signed an historic six-year agreement with Cricket Australia. The annual cash rights cost is $75m pa over the six years. The deal, which runs...
Cardno Announces CEO Contract Termination
Cardno advised that the Board has terminated Mr Andrew (Andy) Goodwin's contract as CEO and MD of the Company in relation to his failure to follow the lawful directions of the Board...
Ama Group Announces to Demerge ACAD and Blackstone to Acquire Panel Business
AMA Group announced that it has entered into 2 transactions that will lead to the demerger of its Automotive Component, Accessory and Procurement Business and the subsequent...
Oil Search Announces Recommencement of PNG LNG Production Ahead of Schedule
Oil Search noted that ExxonMobil announced that production of liquefied natural gas (LNG) has safely resumed at the PNG LNG project in PNG following a temporary shutdown of...
Santos Announces That Production of Liquefied Natural Gas (LNG) has Safely Resumed
Santos announced that it has been advised by ExxonMobil, the PNG LNG operator, that production of liquefied natural gas (LNG) has safely resumed following a temporary shutdown of...
Nine Entertainment Co. Holdings Announces Regarding Australian Cricket Rights
Nine Entertainment Co. Holdings announced that it refers to the media reports in relation to the anticipated grant of cricket rights by Cricket Australia. The Company confirms that...
Oil Search Announces Recommencement of PNG LNG Production Ahead of Schedule
Oil Search noted that ExxonMobil has advised that the PNG LNG Project, which was shut in following the 7.5 magnitude earthquake in the PNG Highlands on 26 February 2018, has safely...
Seven West Media Provides Cricket Rights Statement
Seven West Media provided cricket rights statement. In response to media speculation concerning cricket rights, the Company advises that it has been informed by Cricket Australia...
Syrah Resources Announces Regarding Balama Inauguration
Syrah Resources announced that on behalf of the Board of Directors, Jose Manuel Caldeira and Shaun Verner officially opened the Balama Graphite Operation in Mozambique. The...
CIMIC Group Continues to Deliver Growth and Sustainable Returns, After an Performance in 2017.
CIMIC Group continued to deliver growth and sustainable returns, after a performance in 2017. Highlights of the 2017 result compared with 2016 included NPAT of $702m, up 21%;...
Clean TeQ Holdings Announces Clean TeQ Water Signs Cooperation Agreement
Clean TeQ Holdings announced that the Company, via its wholly owned subsidiary Clean TeQ Water (Clean TeQ Water), has signed a Cooperation Framework Agreement (Agreement) with Meili...
Netwealth Group Provides March 2018 Quarterly Business Update
Netwealth Group provided March 2018 quarterly business update. The Funds Under Administration (FUA) at 31 March 2018 was $16bn. The Net funds flow for the quarter was $879m while...
Transurban Group Notes Transurban Qld Prices Inaugural USD Reg S Issuance
Transurban Group noted that Transurban Qld (TQ) announced that it has successfully priced US$500m of senior secured, 10-year USD Reg S debt (the Notes) under its Euro Medium Term...
Chorus Provides Q3 FY 2018 Connections Update
Chorus provided Q3 FY 2018 connections update. The Q3 period to 31 March 2018 was characterised by a continued slowdown in line loss, with broadband demand in its UFB zones. The...
Iron Mountain Releases Form 8-K Q4 2017 Earnings
Iron Mountain issued an earnings press release and supplemental financial information for the quarter and year ended 31 December 2017. Total reported Revenues for the fourth quarter...
Sky Network TV Reports NPAT Up 12.25% to $66.56m for Half-Year to 30 December 2017
Sky Network TV reported NPAT up 12.25% to $66.56m for the half-year ended 30 December 2017. Revenue from ordinary activities were $433.08m, down 5.8% from last year. Basic and...