BIN – BINGO INDUSTRIES – up 15.17 per cent, or 22 cents, to $1.67
The Australian Competition and Consumer Commission said it won’t oppose the waste management firm’s proposed $578 million acquisition of Dial-a-Dump Industries, provided it divests its eastern Sydney recycling centre.
AMA – AMA GROUP LTD – up 6.21 per cent, or 5.5 cents, to 94 cents
The vehicle panel repair and automotive product chain announced its net profit after tax was up 29.8 per cent, to $9.9 million.
XAM – XANADU MINES – up 21.74 per cent, or 2.5 cents, to 14 cents
Shares in the Mongolian miner hit a three-month high after it announced drilling at its Kharmagtai deposit in the Gobi Desert had found a ‘significant’ new vein of copper and gold.
RHC – RAMSAY HEALTH CARE – up 5.9 per cent, or $3.61, to $64.78
The hospital operator says it is on track to meet its full-year guidance after lifting its first-half profit 9.6 per cent to $270.4 million.
ABC – ADELAIDE BRIGHTON – down 4.42 per cent, or 22 cents, to $4.76
The building firm reported a slight increase in full-year profit but its underlying earnings fell 3.7 per cent to $191 million for the year.
CSL CSL LIMITED –
Shares in the vaccine and biopharmaceutical giant are at a two-week high.
BRN – BRAINCHIP LTD – up 6.67 per cent, or 04. cents, to 6.4 cents
The Sydney-based company said development was progressing on its artificial intelligence solution as an integrated circuit, to be used for image processing.
It said it had lost $US16.5 million ($A23m) last year, compared with $US13.8 million ($19.3m) the year before. It brought in $US948,000 ($A1.3m) in revenue.
Brainchip had $US7.5 million (A$10.5m) cash on hand as of December 31 and was debt-free.
OCL – OBJECTIVE CORPORATION – up 5.34 per cent, or 14 cents, to $2.76
The specialist provider of content, collaboration and process management solutions said its half-year profit was down 11 per cent, to $3.6 million.
But chief executive Tony Walls said while the results were only ‘disappointing on the surface’ and the company was well-positioned to benefit from the trend of public sector and financial services clients wanting to implement better business practices.
ASB – AUSTAL LIMITED – down 5.53 per cent, or 13 cents, to $2.22
The shipbuilder increased its shareholder payout after announcing a two per cent lift in first-half profit, to $23.7 million, but the results apparently weren’t enough to satisfy shareholders.