Latest Market News

CZR Resources shareholders have rejected both approvals needed for the company to acquire Zuleika Gold shares from two major holders, while backing a proposed share buy-back. The vote leaves the broader takeover’s immediate status unclear.

Yancoal Australia will ask shareholders to approve up to US$1.2 billion a year in related-party coal sales from 2027, while companies acquired with Kestrel must guarantee and secure debt facilities worth A$1.5 billion and US$1.4 billion. The resolutions put the economics and governance of the enlarged coal portfolio under the microscope.

Cycliq’s customer receipts rose 21% in the September quarter, but the cycling technology company ended the period with just $382,000 in cash and less than two quarters of funding on its current burn rate. Its proposed $1.5 million placement remains partly dependent on shareholder approval.

Sarytogan Graphite’s trading suspension is due to be lifted after the company releases details of a Supreme Court of Western Australia application over an inadvertently unlodged prospectus for SGAO Options. The filing provides no detail on potential orders, penalties or investor remedies.

Premier Investments’ FY26 profit from continuing operations fell 10.3% as Smiggle sales weakened, while Peter Alexander delivered another record year. The retailer is entering FY27 with cleaner inventory, a stronger dividend and a costly UK retreat still to absorb.

International Graphite has moved its Collie graphite processing project closer to commissioning, with the production building about 30% complete and new finance and feedstock arrangements in place. Cash stood at approximately A$3.4 million at quarter-end, while the company continued developing its planned Italian joint venture.

Westgold Resources delivered record FY26 production, earnings and cash generation while expanding its gold reserves and laying out a path towards 500,000 ounces a year. The challenge now shifts from funding growth to executing a crowded pipeline of mine, mill and exploration projects without losing operational discipline.

Supply Network is targeting around $50 million of additional revenue in FY2027 after delivering 15.5% sales growth and expanding its Multispares network across Australia and New Zealand. The next phase includes a planned $9 million Penrith branch and further capacity upgrades, although the company has not quantified the earnings return from that investment.

Saluda Medical delivered 28% FY26 revenue growth and expanded its spinal cord stimulation opportunity with CAP24, but its annual report warns that additional capital may be needed within 12 months. The ASX-listed medical device company also begins FY27 under new CEO Michael Mathias.

Kinatico has started FY27 with SaaS revenue up 17.8% and cash 21.8% higher, while its expanded compliance platform moves into production with Civeo and new customers. The company is also pursuing an exclusive childcare partnership with OWNA, but the commercial terms remain undisclosed.

Kiwi Property has closed a NZ$200 million seven-year green bond offer after attracting NZ$395 million of demand from retail and institutional investors. The bonds carry a 1.20% margin and are expected to receive an issue rating of BBB+ from S&P Global Ratings.

Reef Casino Trust’s independent directors have unanimously recommended Iris Capital’s $4.67-per-unit takeover offer, supported by an expert valuation that puts the bid above RCT’s assessed control value. Iris already held a 96.33% relevant interest as at 21 October, leaving the offer just below the stated compulsory acquisition threshold.