VBX joining the ASX following a BHP bauxite find six decades ago in the Kimberley region
VBX joining the ASX following a BHP bauxite find six decades ago in the Kimberley region
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
West Australian
14 hours ago
- West Australian
VBX joining the ASX following a BHP bauxite find six decades ago in the Kimberley region
VBX joining the ASX following a BHP bauxite find six decades ago in the Kimberley region
News.com.au
a day ago
- News.com.au
Stock Tips: Yellowcake is among this week's servings
It's no easy gig analysing share prices and company performance but somebody's got to do it. Every week two experts from our Share Tips columnist pool give us their recommendations. Mark Goulopoulos – Cumulus Wealth BUY Paladin Energy (ASX:PDN) Namibia-based uranium producer offering quality exposure to a commodity facing growing supply deficits over the coming years. Lion Selection Group (ASX:LSX) Listed investment company trading below its NTA, with a strong track record of backing successful small-cap resource companies. HOLD Pilbara Minerals (ASX:PLS) A well-funded lithium producer likely to withstand the current downturn, though lithium demand and price remains volatile. Goodman Group (ASX:GMG) High-quality, well-capitalised property developer with a strong project pipeline including data centres, though valuation appears full. SELL Lovisa Holdings (ASX:LOV) Recent share price rally presents an exit point amid rising competition in Australia and concerns around slowing like-for-like sales. Nufarm (ASX:NUF) Facing operational headwinds and burdened by a stretched balance sheet, with limited visibility on a recovery. David Thang – Sequoia Wealth BUY Metcash (ASX:MTS) The merger of hardware brands under a single management structure is expected to deliver operational efficiencies. Growth in the food segment is evident, particularly from Superior Foods. James Hardie (ASX:JHX) Double-digit profit margin is reflective of strong cost control and operational discipline. A solid balance sheet and low leverage indicate financial stability and flexibility for future growth. HOLD Breville (ASX:BRG) Expanding its manufacturing footprint beyond China to countries like Mexico, Indonesia and Cambodia. This should reduce future tariff risks and strengthen supply chain resilience. Zip Co (ASX:ZIP) US Total Transaction Value (TTV) grew 40 per cent over the past year. Credit loss rates remain low below 1.5%. Earnings have been upgraded for the current financial year. SELL Perpetual (ASX:PPT) The termination of the KKR deal has left Perpetual with significant debt and a strained balance sheet. Capital is better deployed elsewhere. IDP Education (ASX:IEL) Deteriorating conditions across the UK, Australia, Canada and US due to restrictive immigration and student visa policies has led to sharply lower demand and heightened uncertainty to earnings.
The Age
2 days ago
- The Age
ASX dips as gold, energy stocks soar after Iran attack
The Australian sharemarket drifted lower while gold and energy stocks soared after Israel launched airstrikes targeting Iran's nuclear sites and military leadership, raising fears over a significant escalation of hostilities in the Middle East. The ASX 200 opened higher but fell into negative territory after the strikes were reported, with Israel claiming responsibility for the incident. The index closed 17.7, or 0.2 per cent, lower at 8,547.40, with eight of 11 industry sectors in the red. Israel's attack on Iran came ahead of a sixth round of nuclear talks between US officials and Tehran over the gulf state's uranium enrichment activities, and a day after the US authorised a partial evacuation of its embassies in the Middle East. Israeli officials said its defence force had launched attacks on 'dozens of military targets', and declared a state of emergency ahead of expected retaliation from Iran. The escalation was a blow to risk sentiment and came at a crucial time after macro and systematic funds had rebuilt long positions and investor sentiment had rebounded, IG Markets analyst Tony Sycamore said. 'While we await further news and a potential response from Iran, we are likely to see a further deterioration in risk sentiment as traders cut risk seeking positions ahead of the weekend,' he said. Israel's strike on Iran has also injected a fresh bout of geopolitical risk into an oil market that has been in the doldrums due to concerns about the global economy and supply increases from OPEC+. Brent crude jumped more than 13 per cent following the attacks, and energy stocks on the ASX surged, with Woodside jumping by 7.4 per cent while Santos climbed 3.7 per cent. Fears of an oil glut later this year are now being replaced by calls for higher prices, at least in the short term. Much will depend on Iran's response and whether key energy assets in the Middle East or tanker traffic through the region are affected.
