Earnings downgrade: Nufarm Limited’s (ASX: NUF) stock plunged 11.058% on July 23, 2018 after the company downgraded its full year guidance and now expects the FY18 EBIT contribution from the ANZ business to be in the range of $5 million-$10 … Continue reading Nufarm Limited stock under pressure on earnings downgrade
Updated mining permit awarded for Sanbrado Gold Project: West African Resources Ltd.’s (ASX: WAF) stock fell 1.43% on July 23, 2018 despite the fact that the Council of Ministers of the Government of Burkina Faso approved changes to the original … Continue reading West African Resources Ltd – Sanbrado Gold Project
Key Personnel Changes: Estia Health Ltd.’s (ASX: EHE) stock fell 1.88% on July 23, 2018 after the company announced CEO & COO changes. The company has replaced its chief executive Norah Barlow with chief operating officer and deputy chief executive … Continue reading Estia Health Ltd. stock under pressure due to key personnel changes
The generic Efudex’ (fluorouracil cream 5%) acquisition from Spear Pharmaceuticals, Inc., comprising of US$16.0 million in cash and US$4.0 million in Mayne Pharma equity for the total of US$20.0 million, plus contingent payments of up to US$10.0 million, has been … Continue reading Mayne Pharma Group Limited (ASX: MYX) – New acquisition and agreement
The company is Western Australia’s leading apartment developer which has revised its profit guidance for the financial year ended June 30, 2018 and expects to be reporting a net profit after tax of approximately $14 million. Net profit after tax … Continue reading Is Finbar Group Limited (ASX: FRI) about to touch $1 with revised profit guidance?
Western Areas Limited (ASX: WSA) has recently reported a stronger June quarter of cashflow generation for the year with cash at bank increasing by A$15.9m to A$151.6m, after capital expenditure, feasibility study and exploration costs of A$12.5m. The Company’s balance sheet … Continue reading Western Areas Limited (ASX: WSA) – Mine production at its peak!
Wesfarmers Limited’s (ASX: WES) stock tumbled by 1 per cent on July 23, 2018 after the announcement of Coles demerger update in which Wesfarmers’ shareholders will receive 1 Coles share for every Wesfarmers share held. The deal is expected to … Continue reading Wesfarmers Limited Edging Low on Coles Demerger Update