Espionage Cost Australia $8 Billion in Fiscal ‘24, Spy Boss Says
Mike Burgess, the director-general of the Australian Security Intelligence Organisation, said that his group had partnered with the Australian Institute of Criminology to produce its first cost of espionage report. The ASIO chief said it's probably the first and definitely the most comprehensive public analysis of its kind in the world.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Bloomberg
8 minutes ago
- Bloomberg
Bloomberg Australia: Why The RBA's Ready to Cut Rates
The Reserve Bank of Australia surprised the market in July by holding interest rates steady - and only a few people saw it coming. One of those who did was Bloomberg Economics' James McIntyre. Now, he thinks that Governor Michele Bullock and her board will finally deliver a cut at the August 12 meeting. This week on the Bloomberg Australia Podcast, Chris Bourke talks to James about what's changed since the July decision, how far borrowing costs could fall this year - and why US President Donald Trump may play a role in what the RBA does next.
Yahoo
36 minutes ago
- Yahoo
3 ASX Penny Stocks With Over A$700M Market Cap
Australian shares recently made a strong push past the 8,800 level, marking a year-to-date increase of about 7%, though recent trading has seen some cautious selling. In this context, penny stocks—despite their somewhat outdated name—remain an intriguing area for investors seeking opportunities in smaller or newer companies. These stocks can offer surprising value and potential returns when backed by solid financial foundations, making them worth exploring for those interested in uncovering hidden gems within the market. Top 10 Penny Stocks In Australia Name Share Price Market Cap Financial Health Rating Alfabs Australia (ASX:AAL) A$0.40 A$114.64M ★★★★☆☆ EZZ Life Science Holdings (ASX:EZZ) A$2.36 A$111.33M ★★★★★★ GTN (ASX:GTN) A$0.375 A$71.5M ★★★★★★ IVE Group (ASX:IGL) A$2.90 A$447.13M ★★★★★☆ West African Resources (ASX:WAF) A$2.61 A$2.98B ★★★★★★ Southern Cross Electrical Engineering (ASX:SXE) A$1.82 A$481.22M ★★★★★★ Regal Partners (ASX:RPL) A$3.05 A$1.03B ★★★★★★ Austco Healthcare (ASX:AHC) A$0.385 A$140.68M ★★★★★★ CTI Logistics (ASX:CLX) A$1.85 A$149.01M ★★★★☆☆ Reckon (ASX:RKN) A$0.61 A$69.11M ★★★★☆☆ Click here to see the full list of 456 stocks from our ASX Penny Stocks screener. Let's explore several standout options from the results in the screener. Djerriwarrh Investments Simply Wall St Financial Health Rating: ★★★★★★ Overview: Djerriwarrh Investments Limited is a publicly owned investment manager with a market cap of A$862.81 million, focusing on managing investment portfolios. Operations: The company generates revenue primarily from its portfolio of investments, amounting to A$53.07 million. Market Cap: A$862.81M Djerriwarrh Investments Limited, with a market cap of A$862.81 million, is financially robust, as evidenced by its well-covered interest payments and operating cash flow exceeding debt. The company's seasoned management team and board of directors contribute to its stability. Despite earnings growth slowing to 0.6% over the past year compared to a 5-year average of 7.9%, Djerriwarrh maintains high-quality earnings and strong net profit margins at 73.8%. However, its dividend yield of 4.73% is not well covered by earnings or free cash flows, signaling potential sustainability concerns for income-focused investors. Get an in-depth perspective on Djerriwarrh Investments' performance by reading our balance sheet health report here. Examine Djerriwarrh Investments' past performance report to understand how it has performed in prior years. Kingsgate Consolidated Simply Wall St Financial Health Rating: ★★★★★☆ Overview: Kingsgate Consolidated Limited is involved in the exploration, development, and mining of gold and silver mineral properties, with a market cap of A$700.41 million. Operations: The company generates revenue primarily from its Chatree segment, amounting to A$210.69 million. Market Cap: A$700.41M Kingsgate Consolidated Limited, with a market cap of A$700.41 million, has demonstrated significant earnings growth of 1203% over the past year, far outpacing its industry peers. Despite this impressive growth and a strong return on equity of 74.4%, the company faces challenges such as short-term assets not covering long-term liabilities and recent executive changes with Mischa Mutavdzic appointed as CFO. While trading at a substantial discount to its estimated fair value, Kingsgate's debt management is commendable with well-covered interest payments and reduced net debt to equity ratio over time. Click here to discover the nuances of Kingsgate Consolidated with our detailed analytical financial health report. Gain insights into Kingsgate Consolidated's outlook and expected performance with our report on the company's earnings estimates. Regal Partners Simply Wall St Financial Health Rating: ★★★★★★ Overview: Regal Partners Limited is a privately owned hedge fund sponsor with a market cap of A$1.03 billion. Operations: The company generates revenue of A$257.55 million from its investment management services segment. Market Cap: A$1.03B Regal Partners Limited, with a market cap of A$1.03 billion, has shown remarkable earnings growth of 4050.4% over the past year, surpassing industry averages. The company is debt-free and trades below its estimated fair value by 25.2%, suggesting potential undervaluation compared to peers. Despite low return on equity at 7.8%, Regal maintains high-quality earnings and improved net profit margins from the previous year. Recent insider selling raises concerns; however, strong asset coverage for both short- and long-term liabilities provides financial stability. The company seeks strategic acquisitions to enhance shareholder value while maintaining disciplined M&A practices. Click to explore a detailed breakdown of our findings in Regal Partners' financial health report. Explore Regal Partners' analyst forecasts in our growth report. Seize The Opportunity Get an in-depth perspective on all 456 ASX Penny Stocks by using our screener here. Ready For A Different Approach? Find companies with promising cash flow potential yet trading below their fair value. This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Companies discussed in this article include ASX:DJW ASX:KCN and ASX:RPL. This article was originally published by Simply Wall St. Have feedback on this article? Concerned about the content? with us directly. Alternatively, email editorial-team@ Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
36 minutes ago
- Yahoo
Major bank hikes home loan interest rates in ‘surprise' move ahead of RBA cash rate meeting
Numerous lenders have been slashing their home loan interest rates in anticipation of the Reserve Bank of Australia (RBA) cutting the cash rate next week. But one major bank has gone against the trend and fired off a rate hike. ANZ has today increased the rate on its ANZ Plus variable home loan by 0.16 percentage points, taking the rate to 5.75 per cent. The rate change is for new customers only and doesn't impact existing borrowers, but it's still a 'surprise move' by the Big Four bank. Canstar data insights director Sally Tindall said the hike to the bank's lowest variable rate was a reminder that some banks were still looking to protect margins. RELATED ANZ joins Westpac, CBA, NAB in easing home loan rules for self-employed Aussies Little-known Centrelink perk offers Australian students free flights Hidden way Aussies are cutting $20,000 from their tax bill every year 'It's an unusual move just days out from a Board meeting that could deliver a cut, but it shows how some banks don't follow the tide. Let's just hope it's not contagious,' Tindall said. Commonwealth Bank and Westpac now have the joint lowest variable rate of the Big Four at 5.59 per cent, while Westpac's lowest variable rate is 5.94 per cent. The last variable rate hike from a major bank for new customers was back in December 2023 by ANZ. Across the market, banks have largely been cutting variable rates, not hiking them. Police Credit Union dropped its lowest variable rate to just 4.99 per cent for those with a 20 per cent deposit last month, marking the first time variable rates have started with a '4' in two joins tide of interest rate cuts NAB today cut its fixed rates by up to 0.25 percentage points, bringing its lowest advertised rate to 5.19 per cent for its 2-year term. The move means NAB has the lowest 1- to 5-year fixed rates among the Big Four banks, sharing top spot with ANZ for its 1- and 2-year terms. Nearly 20 banks have cut at least one fixed home loan rate in the past month, as they anticipate another cash rate cut. 'While fixed rates aren't the flavour of the month for most borrowers, cuts like these are a sign the banks are bracing for the RBA to move again – most likely on Tuesday,' Tindall said. RBA expected to cut rates next week The RBA is widely expected to cut the cash rate by 25 basis points to 3.60 per cent when it meets next week, following falling inflation figures. Headline inflation eased to 2.1 per cent in June, down from 2.4 per cent, while trimmed mean inflation came in at 2.7 per cent, down from 2.9 per cent. All of the Big Four bank economic teams expect the RBA will cut interest rates on Tuesday. Commonwealth Bank and ANZ expect there will be a second cut in November, Westpac thinks there will be three more in November, February and May, while NAB has pencilled in two further cuts in November and February. Tindall said she expects all Big Four banks will pass on the next cash rate cut in full to their variable customers. 'After 13 RBA rate hikes, four of which were doubles, the third cash rate cut in the cycle is not the time to baulk,' she said. A borrower with a $600,000 debt and 25 years remaining on their loan could see their repayments drop by $90 following an August rate in retrieving data Sign in to access your portfolio Error in retrieving data
