Latest Market News

Turners Automotive Group has raised its net profit guidance for FY26 to $63 million, driven by robust vehicle sales and record finance lending, despite a goodwill write-down in its EC Credit division.

ChemX Materials has formalised a $1.2 million unsecured loan with independent investor Ovay Pty Ltd to support its working capital amid ongoing restructuring, with the loan set to convert to shares upon re-listing.

Austal Limited has addressed ASX concerns over its half-year financial report, confirming compliance with accounting standards despite a qualified audit opinion linked to US Department of Defense contractual relief revenue.

Savana Asset Management’s February letter reveals a challenging month marked by a tech sector sell-off amid AI disruption fears, a surge in AI capital expenditure, and a continuing rotation towards value-driven small caps.

EVE Health Group has increased its placement funding to $1.3 million, backed by a cornerstone investor with pharmaceutical expertise, advancing its reformulated drug programs targeting billion-dollar global markets.

Lion Selection Group Limited has reported a robust half-year profit of $36.6 million, driven by strategic investments in Australian mining companies amid a resurging resources boom. The company also declared a fully franked dividend, signalling confidence in its portfolio and market outlook.

Tribeca Global Natural Resources has updated its dividend details for the six months ending December 2025, confirming a fully franked payout and finalising its Dividend Reinvestment Plan price.

Insurance Australia Group Limited (IAG) has announced a quarterly distribution of AUD 1.6605 per Capital Note 3 security, maintaining a steady income stream for investors with a partly franked dividend.

Synertec has secured a pivotal contract with TasNetworks to deploy six advanced community battery systems across Tasmania, supported by ARENA funding. This marks a significant step for Synertec into the community energy storage sector, promising enhanced grid reliability and solar integration.

EQ Resources Limited showcased its strategic position as a leading tungsten producer with strong growth ambitions amid a tightening global supply deficit. The company’s dual operations in Australia and Spain underpin its role in securing ethical tungsten supply chains for Western markets.

Kina Securities Limited has updated its dividend announcement to include the Dividend Reinvestment Plan pricing details for the six months ending December 2025, offering shareholders clarity on payment and reinvestment options.

Sheffield Resources has resumed mining and processing at its flagship Thunderbird Mineral Sands Mine following repairs to critical equipment, signalling a return to production at this major Western Australian asset.