Latest Management Fees News

OpenLearning has nearly tripled its placement to $430,000, taking commitments to its broader capital raising to $980,000 before the entitlement offer opens. The company could raise up to approximately $2.49 million, but the larger component remains dependent on shareholder participation.

Kincora Copper has started follow-up drilling at its newly named Cookara target in New South Wales after AngloGold Ashanti increased its 2026 partner-funded budget. The update expands the near-term program, but contains no new assay results or disclosed value for the additional funding.

Prudential Financial delivered lower third-quarter adjusted earnings as a sales suspension in Japan cut into an otherwise mixed performance. PGIM attracted strong third-party inflows and US annuity sales reached a record, but the company’s central earnings engine weakened year on year.

Marriott delivered broad-based third-quarter growth and lifted its full-year RevPAR forecast, while expanding its hotel pipeline to a record 634,000-plus rooms. The result also combined stronger earnings with heavier debt and substantial share buybacks.

Maverick Minerals has turned its expanded West Arunta portfolio into an active drilling campaign, but the September quarter left the explorer with A$1.503 million in cash and estimated funding for about two quarters. Pokali East assays expected in early 2027 could become the next major test of the strategy.

Aland Equity Group has launched its first property fund, targeting $4.1 million in management fees and investment returns from 56 Bungendore lots. But the ASX-listed funds manager ended September with $1.96 million in cash and only 1.83 quarters of estimated funding at its reported burn rate.

LCL Resources has added a second Rio Tinto-funded exploration program in Papua New Guinea, while completing a 5,598 line-kilometre survey at its Ono project. The deal could see Rio Tinto earn up to 80% of Liamu, leaving LCL with funded exposure to several undrilled targets and A$7.76 million in cash.

Resources & Energy Group has signed the definitive Maranoa mining agreement under which Rembrandt Mining will fund all development, processing and rehabilitation capital. The quarter also delivered high-grade drilling results across East Menzies, although REZ produced no gold and cash fell to A$734,000.

NAOS Small Cap Opportunities has declared a 1.00 cents per share quarterly dividend, 50% franked, while its investment manager commits to reinvest 100% of estimated annual management fees in NSC shares. The payout implies a 16.38% annualised yield at the latest closing price, although future distributions remain dependent on performance and reserves.

Euroz Hartleys Group delivered a sharp FY26 earnings recovery as revenue rose 43.6% and net profit increased 62.4%, while its $145 million sale of Capital Markets to BMO moved towards completion. The transaction will leave the ASX-listed group focused on Private Wealth, with a strategic question hanging over how much earnings power survives the separation.

The Star Entertainment returned to positive quarterly EBITDA in Q1 FY27, with Sydney and Gold Coast revenue recording year-on-year growth for the first time since quarterly reporting began. The improvement comes alongside negative reported operating cash flow, continuing casino licence restrictions and unresolved going-concern uncertainties.

Omni Bridgeway reported A$135.8 million of proceeds from 20 investment completions in the September quarter, generating a 3.9x MOIC. Management fees rose 24% and Funds 4/5 Series II reached its full US$1 billion target, giving the legal finance manager a strong opening quarter.