Latest Strategy News

GLG Corp has reported a sharp FY2026 reversal, with revenue falling 8.9% and a US$23.2 million net loss after a major impairment tied to outsourced manufacturer GLIT. The ASX-listed apparel group has since terminated the arrangement, secured bank covenant waivers and begun shifting production to Cambodia and Vietnam.

Solaris Australian Equity Income Plus reported A$727,000 of inaugural net profit after tax and a flat portfolio return that beat its benchmark by 1.01 percentage points. The listed investment company also disclosed three fully franked monthly dividends, although one note contains an apparent inconsistency in the amounts.

High-Tech Metals will ask shareholders to approve a new identity, Beyond Discovery Limited, alongside a proposed ASX code change from HTM to BYD. The move signals a shift toward developing its Mt Fisher and Mt Eureka gold projects, but changes no assets, operations or capital structure.

Genetic Signatures reduced its quarterly operating cash outflow to A$1.0 million after restructuring, while commercial testing began under its Danish hospital contract. The company is also advancing an all-scrip Microba merger, but faces a contested shareholder meeting later this month.

Iris Cairns Property has opened an unconditional $4.67-per-unit takeover offer for the remaining units in Reef Casino Trust, after building an 85.77% stake through its initial bid. The offer values the remaining units at up to approximately A$33.1 million and could lead to compulsory acquisition and ASX delisting.

Torque Metals has secured A$25 million from institutional investors to expand drilling and regional exploration at its Ritz Gold Project in Western Australia. The placement will lift pro forma cash to about A$32.7 million, but adds roughly 21% to the existing share count and leaves the company’s million-ounce ambition dependent on exploration results.

Boom Logistics has secured an expected $18 million, 35-week contract to provide crane services for Neoen’s 179 MW Narrogin Wind Farm in Western Australia. The award gives its FY27 wind division an early revenue platform, although the announcement does not disclose margins or earnings contribution.

Titomic has converted a semiconductor manufacturing validation run into full-rate production, with revenue expected to reach approximately EUR 0.9 million in 2027. The company says the program could rise to about EUR 2.0 million in 2028, although customer and contract details remain undisclosed.

MotorCycle Holdings has set out a five-year plan targeting more than $1.2 billion of combined wholesale and retail revenue by FY31, with growth expected from broader powersports, CFMOTO expansion and a leaner retail footprint. The strategy also carries an upfront cost, including about $2 million of anticipated non-underlying FY27 spending on HRIS and data initiatives.

L1 Global Long Short Fund has raised approximately A$100.9 million from institutional investors, with strong demand allowing L1 Group to place its A$70.1 million entitlement with new shareholders. Retail investors now face a 1-for-2 offer at A$1.76 a share, with up to A$381.7 million still available.

Cynata Therapeutics has launched a fully underwritten $913,000 entitlement offer as it reassesses the future of its Cymerus platform after two major trials failed to demonstrate efficacy. The raise provides short-term funding, but the prospectus warns that further capital may be needed and repeats a material uncertainty over going concern.

Finder Energy is targeting a final investment decision for its Kuda Tasi-Jahal oil project by 30 November, with approvals and engineering largely complete. The decisive hurdles now sit in financing and contract awards, including the rig, shipyard and EPCI packages.