Latest Shareholder Distribution News

Otto Energy’s attempt to sell its Gulf of America assets as a package has produced no actionable transaction, with GC 21’s decommissioning liabilities emerging as the central obstacle. The company will now pursue a separate sale of SM 71 while weighing other ways to manage GC 21.

Metcash delivered $558 million of operating cash flow and 2.8% ex-tobacco sales growth in the first 18 weeks of FY27, but warned that cost inflation, adverse sales mix and tobacco changes will weigh on first-half earnings. The group also expects to spend a further $18 million to $20 million on its Horizon technology program.

Fat Prophets Global Contrarian Fund will pay an unfranked final dividend of 3 cents per share after what it describes as strong investment performance. Shareholders can reinvest through the fund’s DRP at a 2.5% discount to the relevant ASX trading average.

Havilah Resources sees key milestones at Kalkaroo and Mutooroo projects, with Sandfire's $70 million prefeasibility study underway and Kantra Copper commencing Mutooroo evaluation. A shareholder distribution is targeted before year-end.

St Barbara Limited's FY26 statutory profit surged to A$490 million, driven by a A$500 million gain from deconsolidating New Simberi Gold after Lingbao's strategic investment. The company declared a fully franked dividend and is weighing a significant share buy-back while advancing key gold projects.

Beam Communications reported a $168K operating cash outflow in Q4FY26 due to one-off costs but underlying cashflow excluding these was positive. The company ended the quarter with $4 million cash after a capital return and is exploring asset sales and shareholder returns to reposition for growth.

Comms Group Limited is set to divest its onPlatinum division for $30 million, aiming to strengthen its balance sheet and return capital to shareholders. The company maintains solid FY26 guidance, driven by organic growth and cost rationalisation.

White Cliff Minerals finalises sale of Great Bear Project, receiving A$1.2 million cash and 230 million Great Bear Exploration shares while retaining near 10% stake.

Alfabs Australia is sharpening its financial focus with a plan to double or triple free cash flow by FY2028, underpinned by a disciplined capital framework and a clear dividend reinstatement path.

Brazilian Rare Earths Limited (BRE) is demerging its Amargosa Bauxite-Gallium Project into Alurion Resources, with eligible shareholders receiving in-specie shares and access to a $30-50 million IPO.

Sequoia Financial Group has pushed back its interim dividend payment to 29 June 2026 due to unresolved court proceedings and negotiations over the sale of its InterPrac subsidiary. The Federal Court has set a tight timetable for filings on the Share Sale Agreement status, with a potential hearing in July.

FireFly Metals has completed an in-specie distribution of 60 million Bellavista shares to eligible shareholders following the sale of its Ontario gold projects. Trading in Bellavista shares begins 12 May 2026, while FireFly awaits an ATO ruling on tax implications.