Latest Investment Portfolio News

Queste Communications reported a significant $3 million cash inflow in June 2025, driven by a royalty termination payment from its controlled entity, Orion Equities Limited, strengthening its liquidity position.

Platinum Capital Limited has unveiled a proposed restructure via a scheme of arrangement, offering shareholders the option to exchange their shares for units in the Platinum International Fund Complex ETF (PIXX). The move aims to address the persistent discount to net tangible asset value (NTA) and improve liquidity.

Platinum Asia Investments Limited (PAI) has announced a proposed restructure via a scheme of arrangement to exchange its shares for units in the Platinum Asia Fund Complex ETF (PAXX), aiming to resolve a persistent discount to net tangible asset value (NTA). The scheme, supported by independent directors and deemed fair by an expert, includes a potential special dividend and awaits shareholder and court approval.

Imperial Pacific reports a solid 14.4% increase in net worth for FY2025, driven by strong investment gains and strategic moves including reinstating its Dividend Reinvestment Plan.

London City Investments reports a strong 14.8% increase in net worth for 2025, driven by gains in its investment portfolio and operating profits, outperforming the ASX All Ordinaries Index. The company also realized a significant capital gain from trimming its Fiducian Group shareholding and reinstated its Dividend Reinvestment Plan.

Topco, the newly proposed ASX-listed entity from the merger of Soul Patts and Brickworks, has secured full equity funding of approximately $1.4 billion, setting the stage for the merger’s next phase.

Brickworks Limited reports a mixed second half of FY25 with strong property gains offset by a significant impairment in its North American operations, while its planned merger with Soul Patts remains on track.

Novo Resources Corp has significantly enhanced its exploration portfolio with new farm-in agreements and a joint venture with Northern Star Resources, targeting standalone gold and copper projects with over 1 million ounces potential.

MA Income Credit Trust (ASX – MA1) has launched a fully underwritten wholesale placement to raise nearly $50 million, aiming to bolster its credit investment portfolio. The placement will issue over 24.8 million new units at $2.00 each without requiring securityholder approval.

ASX Limited has finalised the sale of its investment in Digital Asset Holdings for $57 million, securing a substantial pre-tax gain that will bolster its FY25 financial results.

St Barbara Limited is set to exchange its Patronus Resources shares for a significant stake in Geopacific Resources, aligning with its active portfolio management strategy and deepening ties to Papua New Guinea mining projects.

Queste Communications reported a $3 million inflow from an iron-ore royalty termination in May 2025, bolstering its cash reserves to over $4 million despite ongoing operating cash outflows.