Stocks of the Hour: Nine Entertainment, Splitit, Pilot Energy, iCollege

Company News

by Lauren Evans

Nine Entertainment (ASX:NEC) has announced that it platform Stan, has signed a three-year deal with the Union of European Football Association (UEFA) to acquire exclusive broadcast rights. The acquisition is consistent with Stan’s strategy to invest in exclusive broadcast rights with loyal fan bases, focusing on long-term subscriber growth and profitability objectives. Shares in Nine Entertainment (ASX:NEC) are trading 1.2 per cent lower at $2.96.

Global payment provider Splitit (ASX:SPT) has partnered with buy now, pay later (BNPL) provider tabby, which will integrate Splitit's platform through a white-label solution. This will provide shoppers with an additional payment option. Shares in Spliti (ASX:SPT) are trading 2.6 per cent lower at $0.56.

Pilot Energy (ASX:PGY) have initiated a potential capital raise of $8 million. Pilot Energy have agreed to issue over 133 million fully paid ordinary shares to clients of Bridge Street at $0.06 per share. Shares in Pilot Energy (ASX:PGY) last traded at $0.08.

Icollege (ASX:ICT) has entered into a non-binding term agreement in regards to its off-market offer to take over Redhill Education. Icollage has offered Redhill 9.5 Icollege shares for each Redhill share at $1.05. Shares in Icollege (ASX:ICT) are trading 9.1 per cent higher at $0.12.


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