Latest Equities News

Warburg Pincus has refined its non-binding $5.25-per-security proposal for Ingenia, allowing securityholders to retain up to 5 cents of the next half-year distribution. The offer now hinges on exclusive due diligence and a board confirmation due by 19 October, but Ingenia has not endorsed it.

Fiducian Group delivered double-digit growth in underlying profit and lifted its fully franked dividend, despite a one-off $7.95 million ASIC penalty dragging statutory earnings lower. The wealth manager is also betting on AI-enabled adviser productivity and expansion of its external platform business.

KGL Resources has approved the final investment decision for its Jervois copper project, moving the Northern Territory development into full execution. About 60% of project costs are under executed contracts, while first concentrate remains targeted for the first half of 2028.

Navigator Global Investments expanded ownership-adjusted assets under management by 8.9% to US$36.6 billion in the September quarter, with the newly acquired Stable Growth Portfolio providing a substantial lift. Lighthouse Partners remained broadly flat as US$280 million of inflows were offset by negative quarterly investment performance.

Aland Equity Group expects its first capital-light property fund to deliver approximately $4.1 million in net returns by 30 June 2027. The forecast combines $3.37 million in management fees with a further $725,000 in investment returns, but remains subject to shareholder approval and successful lot sales.

Bank of Queensland’s statutory profit rose 88% to $250 million, but underlying cash earnings fell 7% as lending contracted and impairments normalised from a low base. The bank is betting that a completed digital migration, stronger capital position and Challenger partnership can support a return to growth in FY27.

Netwealth has pushed total funds under administration to a record $139.2 billion, with managed accounts driving a quarterly surge in funds under management. But the company has lowered FY27 net-flow guidance and flagged fresh investment in loss-making acquisition Paradino, while defending First Guardian-related class action proceedings.

Chorus has retained its BBB issuer credit rating with a positive outlook after S&P reclassified NZ$683 million of government-linked securities as debt. The change lifts adjusted leverage, but S&P still sees a possible upgrade to BBB+ if Chorus keeps FFO-to-debt above 13% and maintains supportive financial policies.

Infinity Metals has cut the equity consideration for its Tule Canyon acquisition option by A$10,000, reducing the maximum issue from 10 million to 9 million shares. The revised terms are designed to keep the related-party transaction below the ASX threshold requiring shareholder approval and an independent expert report.

Bougainville Copper’s half-year loss widened to K13.4 million as operating cash outflows accelerated and a one-off partner termination fee added to costs. The company also faces continuing uncertainty over its rights to the Panguna mine after its exploration licence was subordinated to a new 25-year mining lease.

Spheria Emerging Companies reported a sharp fall in FY2026 profit after tax after its portfolio returned just 0.3%, well behind the 8.1% benchmark. Monthly fully franked dividends continue and the listed investment company avoided a conversion vote after trading at a premium to NTA.

Overwatch Technologies is seeking A$8 million to fund an ASX listing and expand its drone-enabled maritime intelligence business. The company has A$3.8 million of contracted orders, but has yet to recognise revenue and reported an inaugural loss of A$857,604.