ASX 200 Bears Down; Materials and REITs Slide
On Tuesday, the S&P/ASX 200 Index endured a sharp descent, exhibiting a significant 1.33% decrease to rest at 7,755.4 points. This downturn marks a pessimistic onset of the trading week for the Australian stock market. Reflecting deeper market turmoil, the All Ordinaries Gold Index encountered a steep 5.46% fall, indicating particular vulnerability in the precious…
Rio Tinto Expands Control Over Boyne Smelters
In a strategic move to bolster its holdings in the aluminium industry, mining giant Rio Tinto (ASX:RIO) has announced the acquisition of Mitsubishi Corp’s (TYO: 8058) 11.65% stake in Boyne Smelters. This deal will increase Rio Tinto’s interest in the entity to a commanding 73.5%. Boyne Smelters is the owner and operator of the Boyne…
Medibank Shares (ASX:MPL) Dip, What Does The Data Say?
Medibank Private share price (ASX:MPL) has come off a difficult day, losing 1.85% on Tuesday. The stock has been spending most of it’s time trading in a range between $3.40 and $3.70 per share, and the last 12 month performance of 3.05% does little to set hearts racing. The prominent health insurance provider in Australia,…
Bisalloy Steel (ASX:BIS) Shares Up More Than 100% in 12 Months
The shares of Bisalloy Steel Group Limited (ASX:BIS), a specialist manufacturer of high-tensile and abrasion-resistant quenched and tempered steel plate, have soared by an impressive 79.49% over the past six months. This significant upsurge raises an important question among investors: are the company’s recent stock market achievements reflective of its robust fundamental performance? A deeper…
ASX 200 & All Ords Make Solid Gains – Closing In On 52 Wk Highs
The Australian stock market showed a positive trend at the market’s close on Monday. The ASX 200 ended the day on a higher note with a gain of 0.49% as the All Ords ended above 8,100, up 0.48%. This uptick in the key index is a sign of investor confidence in a variety of sectors…
Renewable Push: RBM Secures Wind Energy PPA (ASX: RIO)
Richards Bay Minerals (RBM), a Rio Tinto (ASX: RIO) company, has embarked on a significant stride towards renewable energy by inking a 20-year power purchase agreement (PPA) with a new 140-MW wind farm in South Africa. The milestone agreement will aid RBM in powering its mining operations while reducing carbon emissions. The wind farm, known…
Transurban Group (ASX: TCL)
Company Information About Transurban Group (ASX: TCL) Transurban Group is a company that does not publicly disclose its income statement. Even though this specific financial data isn’t available, there are tools and services related to the company that individuals might find useful. These include a Growth Calculator that can help users understand the…
Amcor Limited (ASX: AMC)
Company Information About Amcor Limited (ASX: AMC) Amcor Limited is a global producer of plastic packaging. They operate in Europe, North America, Latin America, Africa, and the Asia Pacific regions supplying packaging to a range of industries including food and beverages, pharmaceuticals and personal care. The major shareholders of the company are primarily…
Lindsay Australia (ASX: LAU)
Company Information About Lindsay Australia Limited (ASX: LAU) Lindsay Australia Limited is a company based in Australia that specializes in providing integrated services in transportation, logistics, and rural supplies. The company focuses on the transport of both refrigerated and general freight and offers logistic services for the import and export of horticultural goods….
South32 Limited (ASX: S32)
Company Information About South32 Limited (ASX: S32) South32 Limited is a globally active mining and metals company with a variety of operations and projects spread across different geographies. The company is engaged in the mining of bauxite, and the production of alumina, aluminium, copper, silver, lead, zinc, and metallurgical coal. It operates through…
