Latest Investment Companies News

Australian Foundation Investment Company Limited has announced a fresh on-market buy-back program for up to 111.9 million ordinary shares, aiming to optimise its capital structure over the next year.

Australian Foundation Investment Company reports a 4.6% decline in half-year profit but sustains its interim dividend with a special payout, while portfolio returns lag the benchmark.

Djerriwarrh Investments Limited reported a $20.7 million half-year profit with a steady fully franked dividend, despite portfolio returns lagging the ASX 200. The company signals a strategic pivot with quarterly dividends and selective portfolio adjustments.

MetalsTech Limited has successfully raised approximately $9.4 million through a share placement, alongside a $2 million debt conversion, to fast-track its Sturec Gold Project in Slovakia.

ASF Group Limited has settled a $1.07 million loan from Rey Resources by acquiring full ownership of Rey’s subsidiary holding stakes in key Queensland gas projects, marking a strategic shift from debt to asset-backed equity.

Argo Investments Limited has announced the renewal of its on-market buy-back facility, allowing the company to repurchase up to 37 million ordinary shares throughout 2026 as part of its capital management strategy.

MetalsTech Limited has completed significant off-market block trades involving over 19 million shares, raising more than $8 million and signaling a notable shift among substantial shareholders.

QPM Energy Limited has announced a $30 million equity raise to support the development of its Isaac Power Station, advancing toward a final investment decision in March 2026 and commissioning by mid-2027. The funding package, complemented by a $113.7 million lease agreement and a $40 million convertible note, underpins a project poised to strengthen Queensland’s energy transition.

QPM Energy has raised $30.3 million through an oversubscribed share placement and signed a $40 million convertible note term sheet, paving a clear funding path for its 112MW Isaac Power Station project.

SolGold plc has unanimously rejected a non-binding acquisition proposal from Jiangxi Copper, triggering a notable share price rally that has significantly enhanced DGR Global’s valuation as a major SolGold shareholder.

L1 Global Long Short Fund Limited is raising up to AUD 415 million through a pro-rata entitlement offer to support its transition to L1 Capital's Global Long Short Strategy, following a management change and portfolio overhaul.

Ironbark Capital reported an 8.4% portfolio return for FY25 and announced plans to rebrand and introduce quarterly dividends to address its persistent discount to net tangible assets.