1 گھنٹے پہلے
Bell Potter downgrades Seek to hold after 45% slide, cuts target to $15.20
Bell Potter has downgraded Australian job listings platform Seek after the stock fell 45% over the past 12 months. The broker said Seek’s FY 2026 result was broadly in line with expectations, with adjusted EPS up 29% to 56cps and a full-year dividend of 52cps. However, it flagged a weaker outlook, with ANZ volumes expected to decline at a midsingle-digit rate and guidance calling for net revenue of $1.21b$1.28b and adjusted profit for $185m $215m.
1 گھنٹے پہلے
1 گھنٹے پہلے
SKS Technologies shares jump 249.6% since 12 August 2025 as broker lifts target to $10.30
SKS Technologies Group Ltd shares have climbed 249.6% over the past 12 months, lifting a $10,000 investment to about $34,962, after rising 6.5% on Wednesday to $9.23. The company raised its guidance to unaudited revenue of $347.9 million and an unaudited before-tax profit of $39.3 million. SKS also offers a fully franked trailing dividend yield of 0.9%. Canaccord Genuity reiterated a buy rating and increased its price target to $10.30 from $9.05.
1 گھنٹے پہلے
2 گھنٹے پہلے
Bravura Solutions posts FY26 gains in revenue, profit and dividends
Bravura Solutions released its FY26 results, reporting underlying revenue from customers of A$282.6 million, up 9.6% year on year. Recurring revenue rose 6.9% to A$165.0 million, while underlying cash EBITDA climbed to A$77.1 million for a 27.3% margin. Underlying NPAT came in at A$63.1 million, up A$38.7 million from FY25. The company declared a final ordinary dividend of 8.31c per share and a special dividend of 6.69c per share, totaling about A$67.3 million.
2 گھنٹے پہلے
19 گھنٹے پہلے
Commonwealth Bank posts A$11 billion cash profit for FY 2026 as net interest margin slips to 2.05%
Commonwealth Bank of Australia reported full-year results, with cash net profit up 7% year on year to A$11 billion, slightly ahead of market expectations. Operating income rose 6.2% to A$30.2 billion, while net interest margin edged down to 2.05% from 2.08%. The bank lifted its final dividend by 3.9% to A$2.70 per share. After the release, the stock fell 0.6% in line with the broader market.
19 گھنٹے پہلے
21 گھنٹے پہلے
CBA falls 2% to $171.36 after FY26 results as Seek slumps 16% and AGL rises 5%
Commonwealth Bank of Australia reported FY26 results with cash NPAT up 7%, but its shares fell about 2% to $171.36 and are down about 5% over the past week, while still up roughly 7% year to date. Seek plunged about 16% to $13.55 after investors reacted to the company’s FY26 update and concerns its FY27 guidance could come in weaker than expected, taking its year-to-date decline to 42%. Moves in both stocks weighed on sentiment in the Australian market on Wednesday.
21 گھنٹے پہلے
21 گھنٹے پہلے
Austral Resources to acquire Hammer Metals in $80.7 million scrip deal, broker sets 28-cent target
Austral Resources has agreed to acquire Hammer Metals in a binding scrip deal that values Hammer at $80.7 million, with Hammer shareholders to receive 1.29 Austral shares for each Hammer share. Hammer shareholders will also keep shares in a new spin-out vehicle holding Hammer’s Western Australian gold assets, while Hammer’s board and major shareholders back the transaction. Hammer’s 39.2mt Kalman copper resource is expected to become a future ore feed source for Austral’s Rocklands processing hub. Separately, Austral said the Queensland Critical Minerals Fund invested $15 million via a nondilutive royalty financing arrangement to support a stage 2 expansion of the Rocklands facility.
21 گھنٹے پہلے
23 گھنٹے پہلے
Karoon Energy approves Who Dat East development, targets H2 2028 start
Karoon Energy said its Who Dat East project has been approved, with first production targeted for the second half of 2028. The company expects output of about 5,900 barrels of oil equivalent per day net to Karoon, with 45% liquids. Net capital expenditure is estimated at US$155–165 million, and Karoon forecasts an internal rate of return above 20% at the midpoint. Karoon holds a 40% working interest alongside operator LLOG (40%) and Westlawn Americas Offshore (20%).
23 گھنٹے پہلے
23 گھنٹے پہلے
Dexus Industria REIT profit and revenue fall in FY26, distributions and net tangible assets rise
Dexus Industria REIT reported full-year results for the year ended 30 June 2026, with revenue down 7.8% to $65.6 million and net profit falling 11.6% to $74.4 million. Funds From Operations (FFO) declined 3.7% to $55.7 million. Despite the earnings drop, total distributions inched up 0.8% to $52.5 million and the payout ratio rose to 94.3% from 90% a year earlier. Net tangible assets per security increased 2.4% to $3.42.
23 گھنٹے پہلے
23 گھنٹے پہلے
AGL Energy lifts FY26 underlying EBITDA 2% to $2,100 million, raises dividend and targets renewables growth
AGL Energy reported FY26 underlying EBITDA of $2,100 million, up 2%, and operating free cash flow of $850 million, up 60%, supported by customer growth and its energy services business. Underlying NPAT slipped 2% to $631 million, while statutory profit after tax was $756 million. Customer services rose by 92,000 to 4.57 million, helped by the Ampol Energy acquisition and organic growth, with customer satisfaction at 84.1%. The dividend payout ratio was 53.3% and the company is targeting 55–60%, expected to be fully franked, while decentralised assets under orchestration increased by 250 MW to 1.74 GW as it pursues renewables expansion.
23 گھنٹے پہلے