ASX200 up 62 points (0.8%) to 7374.
- A2Milk (+4.6%); I cant see any fundamental reason but on the chart it looks like it might be breaking above a long term resistance level.
- Austal (-6.4%); has lowered FY earnings guidance from $125m down to $112m-118m.
- Bank of Queensland (+1%); expects to cut its collective provision for the May Q amid an improving economic outlook.
- Cash Converters (+2%); is seeing strong growth in personal lendings, vehicle finance and a strengthening balance sheet.
- Crown (-0.4%); has received a revised proposal from Oaktree to provide a funding commitment of up to A$3.1bn to buy back some or all of the 37% stake held by James Packer.
- Fortescue (+2.2%); in talks with the Congo Govt about developments in the country. No agreement has yet been concluded.
- Japara Healthcare (+7.2%);has received a conditional, non-binding and indicative proposal from RSL Care to acquire 100% of the shares in Japara @ $1.22 a share vs Friday close $1.18. Trading @ $1.23.
- Nuix (+2.5%); the CEO and CFO have both resigned — ”by mutual consent”…..
- REA (+0.7%); acquires 34% interest in software provider Simpology for $15m..
- Sims (+2%); upgraded its FY21 earnings to $360m-380m from previous $260m-310m.
- Suncorp (+0.4%); receives 3750 claims from the recent Victorian weather event.
