Latest Market News

Blackpearl Group narrowed its quarterly EBITDAF loss to $2.97 million and is now targeting profitability in Q1 FY28. The company has also secured a non-binding US distribution agreement with a potential pipeline of more than 70 enterprise customers.

Kiwi Property has launched a seven-year senior secured green bond offer of up to NZ$200 million, with a minimum interest rate of 5.55% and an expected BBB+ issue rating. The final margin, interest rate and accepted amount will be set after a bookbuild on 23 October.

Meridian Energy delivered record first-quarter generation on the back of exceptionally strong hydro inflows and storage, although abundant supply drove sharply lower realised prices. Retail volumes weakened in September, while FY27 capital expenditure guidance remained unchanged at $370 million to $410 million.

International Equities Corporation has returned to a modest annual profit after exiting serviced apartments, but the recovery is fragile. Cash fell sharply, operating cash flow remained negative and the auditor highlighted material uncertainty over the group’s ability to continue as a going concern.

S&P Global Ratings has lowered Bank of Queensland’s long-term issuer credit rating from A- to BBB+, adding a fresh market signal after the bank’s FY26 results. BOQ says the downgrade is not expected to materially affect its capital, liquidity or funding position, and has left its guidance unchanged.

Metro Mining has reset its 2026 bauxite shipment guidance to 6.0-6.5 million wet metric tonnes after September performance fell below plan. The company is relying on channel repairs, stronger staffing and a drier weather outlook to recover shipments before its February maintenance shutdown.

Ramsay Health Care’s proposed separation of its 52.79% Ramsay Santé stake has reached a key regulatory milestone, with ASIC registering the Demerger Booklet. Shareholders will vote on the transaction on 24 November, but approval remains only one step in a process that could create two separately traded healthcare exposures.

Love Group’s customer cash receipts fell to A$626,000 in the first quarter of FY27, with management blaming a sharp drop in Google Ads return on spend. The company ended September with A$2.014 million in cash and an estimated eight quarters of funding at the latest burn rate.

Critical Minerals Group is seeking up to $2.05 million to begin definitive feasibility work at its Lindfield Vanadium Project, backed by existing shareholders and a new non-executive director. The raise could increase shares on issue by 27% if fully subscribed, with key related-party commitments still requiring approval.

K&S Corporation’s FY2026 annual report confirms a sharp earnings decline, a lower dividend and rising debt as weak demand, margin pressure and the loss of most InfraBuild work weigh on the logistics group. Management expects FY2027 to remain difficult, with no formal earnings guidance provided.

Firebird Metals has produced 99.999% ultra-high-purity manganese sulphate at its Hunan pilot plant and started processing ore from its Western Australian Oakover project. The next test is whether the result can be independently replicated with Australian feedstock before the Perth demonstration plant begins commissioning in 2027.

Provaris Energy’s share purchase plan attracted preliminary applications of $755,000, exceeding its $600,000 target. The company will accept the oversubscription, with the final amount, issue price and share allocation due on 21 October.