Stocks of the Hour: Lendlease, APA Group, Altech Batteries
A snapshot of the stocks on the move, featuring Lendlease (ASX:LLC), APA Group (ASX:APA) and Altech Batteries (ASX:ATC).
Read MoreA snapshot of the stocks on the move, featuring Lendlease (ASX:LLC), APA Group (ASX:APA) and Altech Batteries (ASX:ATC).
Read MoreThe local earnings season rolled along Wednesday in a slightly happier environment for all concerned – here’s what Worley Group, Sonic Healthcare and APA Group had to say.
Read MoreA busy news day for the ASX on Monday, with Woodside, AusNet, APA, Nick Scali, Huon Aquaculture and Smartgroup all making key announcements to the market. Here are the details.
Read MoreInfrastructure group APA has produced a rival, higher offer for utility AusNet valuing it at $10 billion, a day after the Canadian/US group Brookfield announced its $9.6 billion offer.
Read MoreUBS reduces EBITDA estimates by -4-5%, moderating assumptions amid higher corporate costs. Buy rating unchanged. Target is reduced to $10.50 from $11.20.
Read MoreAPA Group has reported a 99 per cent drop in statutory profit in the year to June thanks to the $250 million write-down at the Orbost gas plant in Victoria, as well as other charges.
Read MoreAdd rating. The target price is decreased to $10.53 from $10.59.
Read MoreOutperform maintained. Target is reduced to $10.40 from $10.50.
Read MoreMacquarie assesses any potential sale of Epuron would potentially be an attractive alternative to Tilt, to step change APA Group’s renewable strategy. The Outperform rating and $10.17 target are unchanged.
Read MoreAPA Group shares fell yesterday after revealing an $11.7 million first-half loss thanks to a $250 million non-cash impairment against the value of its Orbost gas plant in Victoria.
Read MoreAPA Group’s FY19 result met consensus and Credit Suisse forecasts and hit the top end of guidance. FY20 guidance missed the broker because of delayed project revenue and higher corporate costs.
Read MoreSecurity holders in gas pipeline company APA reaped the benefits of the Federal government blocking a rich Hong Kong takeover offer last year with the company revealing a sharp rise in earnings for the six months to December.
Read MoreWhile the ACCC, the competition watchdog, has approved Hong Kong-based utility firm CKI’s $13 billion takeover bid for gas pipeline company APA is the offer still has two significant hurdles to overcome.
Read MoreAmid all the talk of foreign influence in Australia (read Chinese for foreign) a multi-billion dollar bid for the country’s biggest pipeline infrastructure group will yet again test the bona fides of the Turnbull government (and the ALP) on the question of investment by Chinese related companies in sensitive areas.
Read MoreAustralia’s major gas pipeline owner APA Group has edged further into an integrated structure by paying $151 million to buy AGL Energy out of their jointly owned Diamantina power plant at Mount Is in northwestern Queensland.
Read MoreAPA Group (APA) is asking shareholders and the market for a massive $A1.839 billion via a discounted renounceable rights issue to help fund the $US5 billion ($A6 billion) purchase of the recently built pipeline in BG Group’s liquefied natural gas project in Queensland.
Read MoreAccording to the market, APA Group’s $1.06 billion takeover offer for fellow pipeliner, Hastings Diversified Utilities Fund (HDF), is over before the shouting starts.
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