The latest news from Finance News Network across all categories. https://www.finnewsnetwork.com.au/ en Finance TV Pty Ltd - All Rights Reserved 30 Saturday Sunday 28 Feb 2020 - The ASX200 plunged at the open and has seen another sell-off throughout the day which dragged the index 3.3 per cent lower. The Australian dollar also hit a new 10 year low of US65.28¢, a figure not seen since March 2009. All sectors landed in the red today as did the Futures and Asian markets. https://www.finnewsnetwork.com.au/archives/finance_news_network275372.html Fri, 28 Feb 2020 06:00:00 GMT Market Reports https://www.finnewsnetwork.com.au/archives/finance_news_network275372.html 28 Feb 2020 - Washington H. Soul Pattinson and Company Limited (ASX:SOL) Managing Director, Todd Barlow presents on its history of outperforming the market, paying dividends and attracting new shareholders at FNN's Investor Event. https://www.finnewsnetwork.com.au/archives/finance_news_network275371.html Fri, 28 Feb 2020 05:25:00 GMT Company Presentations https://www.finnewsnetwork.com.au/archives/finance_news_network275371.html 28 Feb 2020 - Washington H. Soul Pattinson and Company Limited (ASX:SOL) Managing Director, Todd Barlow provides a portfolio update and talks about the approach to investment that has enabled the company to outperform over decades. https://www.finnewsnetwork.com.au/archives/finance_news_network275370.html Fri, 28 Feb 2020 05:15:00 GMT Interviews https://www.finnewsnetwork.com.au/archives/finance_news_network275370.html 28 Feb 2020 - The Australian share market plunged at the open this morning, as the global sell-off continues, and is now tracking 2.8 per cent lower at noon. Horizon Oil (ASX:HZN) CEO terminated. https://www.finnewsnetwork.com.au/archives/finance_news_network275368.html Fri, 28 Feb 2020 01:00:00 GMT Market Reports https://www.finnewsnetwork.com.au/archives/finance_news_network275368.html 28 Feb 2020 - Dicker Data (ASX:DDR) today announced its results for the year ended 31 December 2019 showing net profit before tax is up 67.3 per cent to $54.3 million. https://www.finnewsnetwork.com.au/archives/finance_news_network275366.html Fri, 28 Feb 2020 00:00:00 GMT Company News https://www.finnewsnetwork.com.au/archives/finance_news_network275366.html 28 Feb 2020 - Technology company MGM Wireless (ASX:MWR) today reported results for 1H FY20 showing revenue up 87 per cent to $7.6 million. https://www.finnewsnetwork.com.au/archives/finance_news_network275367.html Fri, 28 Feb 2020 00:00:00 GMT Company News https://www.finnewsnetwork.com.au/archives/finance_news_network275367.html 28 Feb 2020 - Harvey Norman Holdings (ASX:HVN) announced today that net profit after tax and non-controlling interests for the half-year to 31 December 2019 was $213.59 million, down $9.18 million, from $222.77 million in the previous corresponding period a 4.1 per cent decrease. https://www.finnewsnetwork.com.au/archives/finance_news_network275363.html Thu, 27 Feb 2020 23:15:00 GMT Company News https://www.finnewsnetwork.com.au/archives/finance_news_network275363.html 28 Feb 2020 - Lynas Corporation (ASX:LYC) today released its Financial Report for the half year ending 31 December 2019 showing net profit fell 79.6 per cent to $3.9 million. https://www.finnewsnetwork.com.au/archives/finance_news_network275364.html Thu, 27 Feb 2020 23:15:00 GMT Company News https://www.finnewsnetwork.com.au/archives/finance_news_network275364.html 28 Feb 2020 - The ASX looks set to plunge this morning after volatile trading in the US as reports the coronavirus may be spreading to America. Both the Dow and the S&P 500 had their worst day since February 2018 while the Nasdaq posted its biggest one-day loss since August 2011. Employee experience software company Limeade (ASX:LME) reports NPAT up 26 per cent. https://www.finnewsnetwork.com.au/archives/finance_news_network275361.html Thu, 27 Feb 2020 22:20:00 GMT Market Reports https://www.finnewsnetwork.com.au/archives/finance_news_network275361.html 28 Feb 2020 - Immutep Limited (ASX:IMU) Executive Director and CEO Marc Voigt, Chief Scientific and Medical Officer, Dr Frédéric Triebel, and Director of Clinical Development and Regulatory Affairs, Christian Mueller present on Immutep's latest clinical results. https://www.finnewsnetwork.com.au/archives/finance_news_network275362.html Thu, 27 Feb 2020 22:00:00 GMT Company Presentations https://www.finnewsnetwork.com.au/archives/finance_news_network275362.html 28 Feb 2020 - The Freedom Foods Group (ASX:FNP) report operating net profit after tax increased 42.1 per cent to $9.1 million. Statutory net profit rose 45.6 per cent to $5.4 million, after abnormals and non-cash expenses. https://www.finnewsnetwork.com.au/archives/finance_news_network275359.html Thu, 27 Feb 2020 21:28:00 GMT Company News https://www.finnewsnetwork.com.au/archives/finance_news_network275359.html 28 Feb 2020 - Plumbing and bathroom supplies company Reece (ASX:REH) reported its financial results for the half-year ended 31 December 2019 showing record sales revenue of $2.962 billion for the half year, this represents 9 per cent growth on HY19. https://www.finnewsnetwork.com.au/archives/finance_news_network275360.html Thu, 27 Feb 2020 21:28:00 GMT Company News https://www.finnewsnetwork.com.au/archives/finance_news_network275360.html 27 Feb 2020 - The ASX closed 0.8% lower - another day ending in the red. Adelaide Brighton (ASX:ABC) shares did well today as a number of analysts upgraded them. Link Administration (ASX:LNK) shares fell after their company released their half-year results. Digital medication management company MedAdvisor (ASX:MDR) reported record operating revenue of $4.4 million, up 14.4% on the pcp. https://www.finnewsnetwork.com.au/archives/finance_news_network275358.html Thu, 27 Feb 2020 06:00:00 GMT Market Reports https://www.finnewsnetwork.com.au/archives/finance_news_network275358.html 27 Feb 2020 - The ASX failed to maintain momentum this morning where it rose slightly in early trade, dipping to now track 0.8% lower at noon. Shares in the a2 Milk Company (ASX:A2M) rose after they released their pleasing half year figures. Link Administration (ASX:LNK) shares fell. The best-performing sector is Healthcare, while the worst performing sector is Energy. AP Eagers (ASX:APE) is to sell the AHG Refrigerated Logistics division to Anchorage Capital Partners for $100 million. https://www.finnewsnetwork.com.au/archives/finance_news_network275357.html Thu, 27 Feb 2020 01:00:00 GMT Market Reports https://www.finnewsnetwork.com.au/archives/finance_news_network275357.html 27 Feb 2020 - Wealth manager Evans Dixon (ASX:ED1) report statutory NPAT for the half year of $2.1 million was down from $12.4 million delivered in the prior corresponding period. https://www.finnewsnetwork.com.au/archives/finance_news_network275355.html Thu, 27 Feb 2020 00:40:00 GMT Company News https://www.finnewsnetwork.com.au/archives/finance_news_network275355.html 27 Feb 2020 - AP Eagers (ASX:APE) FY19 result reflects year of transformation with Statutory Loss After Tax from continuing operations of $80.5 million or $129.1 million when discontinued operations are included. https://www.finnewsnetwork.com.au/archives/finance_news_network275356.html Thu, 27 Feb 2020 00:40:00 GMT Company News https://www.finnewsnetwork.com.au/archives/finance_news_network275356.html 27 Feb 2020 - NetLinkz Limited (ASX:NET) Executive Chairman and CEO, James Tsiolis talks about the significance of the company's agreement to provides its Virtual Secure Network to a World Bank-sponsored initiative to improve water sanitation services in selected areas of the Deyang Municipality of Sichuan Province. https://www.finnewsnetwork.com.au/archives/finance_news_network275354.html Thu, 27 Feb 2020 00:05:00 GMT Interviews https://www.finnewsnetwork.com.au/archives/finance_news_network275354.html 27 Feb 2020 - Flight Centre Travel Group (ASX:FLT) report a net profit after tax (NPAT) of $22.1 million, that’s 74 per cent less than the prior corresponding period. https://www.finnewsnetwork.com.au/archives/finance_news_network275352.html Wed, 26 Feb 2020 23:50:00 GMT Company News https://www.finnewsnetwork.com.au/archives/finance_news_network275352.html 27 Feb 2020 - Afterpay (ASX:APT) reported a statutory loss after tax of $31.6 million which was impacted by oneoff and non-cash items including share-based payments expenses. https://www.finnewsnetwork.com.au/archives/finance_news_network275353.html Wed, 26 Feb 2020 23:50:00 GMT Company News https://www.finnewsnetwork.com.au/archives/finance_news_network275353.html 27 Feb 2020 - The ASX looks set to open lower as US stocks fell for the fifth day. Treasury ten year note yields dropped. The NASDAQ did manage rise as the US markets swung into afternoon trade. On the commodities front, crude oil dropped below $50 a barrel. Lynas Corporation (ASX:LYC) is pleased to confirm that Lynas Malaysia has received a new three year operating licence. https://www.finnewsnetwork.com.au/archives/finance_news_network275351.html Wed, 26 Feb 2020 22:30:00 GMT Market Reports https://www.finnewsnetwork.com.au/archives/finance_news_network275351.html 27 Feb 2020 - Ingenia Communities Group Limited (ASX:INA) CFO, Scott Noble, discusses 1H20 results, the company's portfolio and the demand for seniors accommodation. https://www.finnewsnetwork.com.au/archives/finance_news_network275350.html Wed, 26 Feb 2020 22:00:00 GMT Interviews https://www.finnewsnetwork.com.au/archives/finance_news_network275350.html 27 Feb 2020 - The a2 Milk Company (ASX:A2M) report a net profit after tax of $184.9 million for the half year, an increase of 21.1 per cent on the prior corresponding period. https://www.finnewsnetwork.com.au/archives/finance_news_network275347.html Wed, 26 Feb 2020 21:30:00 GMT Company News https://www.finnewsnetwork.com.au/archives/finance_news_network275347.html 27 Feb 2020 - AFT Pharmaceuticals (ASX:AFP) says its six-year term loan facility from CRG maturing on 31 March 2020 is on track to be refinanced with a three year term loan from a local commercial bank. https://www.finnewsnetwork.com.au/archives/finance_news_network275349.html Wed, 26 Feb 2020 21:30:00 GMT Company News https://www.finnewsnetwork.com.au/archives/finance_news_network275349.html 27 Feb 2020 - King River Resources Limited (ASX:KRR) Chairman, Anthony Barton presents on the company's pre-feasibility study, the overseas processing potential and its high purity alumina process breakthrough at FNN's Investor Event. https://www.finnewsnetwork.com.au/archives/finance_news_network275346.html Wed, 26 Feb 2020 20:00:00 GMT Company Presentations https://www.finnewsnetwork.com.au/archives/finance_news_network275346.html 26 Feb 2020 - The ASX dropped at the open and continued to fall throughout the day closing 2.3% lower. Healius (ASX:HLS) shares are on the rise after the news of the Partners Group proposal. As for the sectors, they are all in the red. Ferry operator SeaLink (ASX:SLK) report its half year net profit after tax is at $13.6 million, that’s up 3.8 per cent on the same. https://www.finnewsnetwork.com.au/archives/finance_news_network275345.html Wed, 26 Feb 2020 06:20:00 GMT Market Reports https://www.finnewsnetwork.com.au/archives/finance_news_network275345.html 26 Feb 2020 - The ASX dropped at the open and continued to fall through mid morning trade and is now tracking 2.3% lower at noon. Polynovo (ASX:PNV) shares dropped after reporting a net loss for the half year of $2.42 million, that’s 26% increase from last year. Bubs Australia (ASX:BUB) saw gross revenue of $28.75 million, up 37 per cent on the same period last year. https://www.finnewsnetwork.com.au/archives/finance_news_network275342.html Wed, 26 Feb 2020 01:00:00 GMT Market Reports https://www.finnewsnetwork.com.au/archives/finance_news_network275342.html 26 Feb 2020 - Renergen (ASX:RLT) Managing Director and CEO, Stefano Marani presents on the company's background, its strong management team and its unique helium-based value proposition at FNN's Investor Event. https://www.finnewsnetwork.com.au/archives/finance_news_network275338.html Wed, 26 Feb 2020 00:15:00 GMT Company Presentations https://www.finnewsnetwork.com.au/archives/finance_news_network275338.html 26 Feb 2020 - Non-bank mortgage lender Resimac Group Ltd (ASX:RMC) today announced a normalised net profit of $26.9 million for the 6 months to 31 December 2019, up 85 per cent on the previous corresponding period (pcp). https://www.finnewsnetwork.com.au/archives/finance_news_network275337.html Wed, 26 Feb 2020 00:00:00 GMT Company News https://www.finnewsnetwork.com.au/archives/finance_news_network275337.html 26 Feb 2020 - Hotel Property Investments (ASX:HPI) has entered into agreements to acquire two metropolitan hotel properties for total consideration of $60 million. https://www.finnewsnetwork.com.au/archives/finance_news_network275339.html Wed, 26 Feb 2020 00:00:00 GMT Company News https://www.finnewsnetwork.com.au/archives/finance_news_network275339.html 26 Feb 2020 - PolyNovo (ASX:PNV) reports a net loss for the half year of $2.42 million, that’s 26 per cent increase from last year. https://www.finnewsnetwork.com.au/archives/finance_news_network275335.html Tue, 25 Feb 2020 23:15:00 GMT Company News https://www.finnewsnetwork.com.au/archives/finance_news_network275335.html 26 Feb 2020 - Regis Healthcare (ASX:REG) report NPAT of $12.1 million for the first half of financial year 2020, down 50.5 per cent on the prior corresponding period. https://www.finnewsnetwork.com.au/archives/finance_news_network275336.html Tue, 25 Feb 2020 23:15:00 GMT Company News https://www.finnewsnetwork.com.au/archives/finance_news_network275336.html 26 Feb 2020 - Fund Manager Chris Pedersen discusses the financial effects of the Coronavirus and what actions to take in response. https://www.finnewsnetwork.com.au/archives/finance_news_network275340.html Tue, 25 Feb 2020 23:00:00 GMT Stock Watch https://www.finnewsnetwork.com.au/archives/finance_news_network275340.html 26 Feb 2020 - Renergen Limited (ASX:RLT) Managing Director and CEO, Stefano Marani provides an update on recent drilling results at the company's Virginia Gas Project in South Africa, what’s planned for this year and the potential to bring forward a second production well. https://www.finnewsnetwork.com.au/archives/finance_news_network275334.html Tue, 25 Feb 2020 22:35:00 GMT Interviews https://www.finnewsnetwork.com.au/archives/finance_news_network275334.html 26 Feb 2020 - The ASX looks set to open lower this morning as US stocks plunge. The global impact of the coronavirus outbreak continues to cause concern with South Korea now reporting near 1000 confirmed cases. European shares ended at their lowest in nearly two months. Healius (ASX:HLS) has received an unsolicited, non-binding indicative offer from a wholly-owned subsidiary of Partners Group. https://www.finnewsnetwork.com.au/archives/finance_news_network275333.html Tue, 25 Feb 2020 21:45:00 GMT Market Reports https://www.finnewsnetwork.com.au/archives/finance_news_network275333.html 26 Feb 2020 - Universal Coal (ASX:UNV) has started proceedings in the High Court of Justice of England and Wales in light of the unsolicited offer made by a wholly owned subsidiary of TerraComTCIG Resources. https://www.finnewsnetwork.com.au/archives/finance_news_network275331.html Tue, 25 Feb 2020 21:00:00 GMT Company News https://www.finnewsnetwork.com.au/archives/finance_news_network275331.html 26 Feb 2020 - Jeweller Michael Hill International (ASX:MHJ) today announced its half year financial results period ending 29 December 2019 showing statutory net profit after tax increased by 19.6 per cent to $21.4 million, up from $17.9 million in the same corresponding period. https://www.finnewsnetwork.com.au/archives/finance_news_network275332.html Tue, 25 Feb 2020 20:00:00 GMT Company News https://www.finnewsnetwork.com.au/archives/finance_news_network275332.html 25 Feb 2020 - Noxopharm Limited (ASX:NOX) Chief Medical Officer, Dr Gisela Mautner, talks about results from the company's LuPIN trial in prostate cancer, evaluating its lead product candidate, Veyonda, in combination with 177Lu-PSMA-617, a radiopharmaceutical therapy, in 56 patients with late-stage prostate cancer. https://www.finnewsnetwork.com.au/archives/finance_news_network275330.html Tue, 25 Feb 2020 06:15:00 GMT Interviews https://www.finnewsnetwork.com.au/archives/finance_news_network275330.html 25 Feb 2020 - The Australian share market today closed 1.6 per cent lower with Coronavirus fears dominating the sell-off. Treasury Wine Estates (ASX:TWE) believes it will not achieve previous growth guidance for the financial year. https://www.finnewsnetwork.com.au/archives/finance_news_network275329.html Tue, 25 Feb 2020 06:08:00 GMT Market Reports https://www.finnewsnetwork.com.au/archives/finance_news_network275329.html 25 Feb 2020 - Burman Invest Portfolio Manager Julia Lee discusses the economic impact of the Coronavirus and sheds insight on the Australian volatility index. https://www.finnewsnetwork.com.au/archives/finance_news_network275328.html Tue, 25 Feb 2020 04:00:00 GMT Stock Watch https://www.finnewsnetwork.com.au/archives/finance_news_network275328.html 25 Feb 2020 - The Australian share market plummeted at the open after the Dow plunged as Coronavirus fears grow. Blackmores (ASX:BKL) to enter Indian market and launch pet supplements. Caltex (ASX:CTX) appoints interim CEO. https://www.finnewsnetwork.com.au/archives/finance_news_network275327.html Tue, 25 Feb 2020 01:00:00 GMT Market Reports https://www.finnewsnetwork.com.au/archives/finance_news_network275327.html 25 Feb 2020 - Alumina (ASX:AWC) today reported a statutory net profit after tax of US$214.0 million for the full-year to 31 December 2019, down 66 per cent. https://www.finnewsnetwork.com.au/archives/finance_news_network275324.html Tue, 25 Feb 2020 00:50:00 GMT Company News https://www.finnewsnetwork.com.au/archives/finance_news_network275324.html 25 Feb 2020 - Johns Lyng Group (ASX:JLG) report NPAT attributable to the owners is at $7.9 million, that’s a 1.2 per cent increase on the first half of 2019. https://www.finnewsnetwork.com.au/archives/finance_news_network275325.html Tue, 25 Feb 2020 00:50:00 GMT Company News https://www.finnewsnetwork.com.au/archives/finance_news_network275325.html 25 Feb 2020 - Oil Search (ASX:OSH) reports their NPAT has fallen 8 per cent to 312.4 million US dollars. https://www.finnewsnetwork.com.au/archives/finance_news_network275322.html Mon, 24 Feb 2020 23:50:00 GMT Company News https://www.finnewsnetwork.com.au/archives/finance_news_network275322.html 25 Feb 2020 - Employment company SEEK (ASX:SEK) announced its results for the 6 months ended 31 December 2019 showing NPAT of $75.6 million, a decline of 24 per cent from the prior corresponding period of $99 million. https://www.finnewsnetwork.com.au/archives/finance_news_network275323.html Mon, 24 Feb 2020 23:50:00 GMT Company News https://www.finnewsnetwork.com.au/archives/finance_news_network275323.html 25 Feb 2020 - Following weak leads from US markets, the ASX looks set to open lower this morning. The Dow plunged as coronavirus fears grow. More cases emerged outside of China sending global stocks down. European stocks dropped and in Hong Kong the Hang Seng index fell almost 2%. Jumbo Interactive (ASX:JIN) has entered into a new SaaS 5 year licence agreement with MS Queensland. https://www.finnewsnetwork.com.au/archives/finance_news_network275321.html Mon, 24 Feb 2020 22:35:00 GMT Market Reports https://www.finnewsnetwork.com.au/archives/finance_news_network275321.html 25 Feb 2020 - Retirement village operator in New Zealand, Summerset (ASX:SNZ) announced an underlying profit after tax for the year ending 31 December 2019 of NZ$106.2 million, up 8 per cent on FY18. https://www.finnewsnetwork.com.au/archives/finance_news_network275319.html Mon, 24 Feb 2020 21:25:00 GMT Company News https://www.finnewsnetwork.com.au/archives/finance_news_network275319.html 25 Feb 2020 - Ainsworth Game Technology (ASX:AGI) today announced an audited Loss after Tax of $4.0 million for the six months ended 31 December 2019. https://www.finnewsnetwork.com.au/archives/finance_news_network275320.html Mon, 24 Feb 2020 21:25:00 GMT Company News https://www.finnewsnetwork.com.au/archives/finance_news_network275320.html 24 Feb 2020 - The Australian market dropped 2.3% today fuelled by renewed fears of the coronavirus spread. All sectors ended the day in negative territory with travel and entertainment stocks taking a hard hit. The negative sentiment generated by the coronavirus has also pushed the Australian dollar to its lowest point in over a decade. Household goods manufacturer Pental (ASX:PTL) has reported a 2.6 per cent increase in net profit after tax to $1.48 million for the half year ended 29 December 2019. https://www.finnewsnetwork.com.au/archives/finance_news_network275318.html Mon, 24 Feb 2020 06:00:00 GMT Market Reports https://www.finnewsnetwork.com.au/archives/finance_news_network275318.html 24 Feb 2020 - Xplore Wealth Limited (ASX:XPL) CEO Mike Wright and CFO Bruce Hawkins present the company's 1H20 results. https://www.finnewsnetwork.com.au/archives/finance_news_network275317.html Mon, 24 Feb 2020 05:40:00 GMT Company Presentations https://www.finnewsnetwork.com.au/archives/finance_news_network275317.html 24 Feb 2020 - The Australian share market lost ground at the open following cautious leads from the US. It floated lower throughout the first half of the session and is tracking 2.1 per cent lower at noon. Every sector is down, with Consumer Discretionary, Energy and Information Technology losing over 3 per cent this morning. Worley (ASX:WOR) has doubled its interim dividend following strong results for the half year. https://www.finnewsnetwork.com.au/archives/finance_news_network275316.html Mon, 24 Feb 2020 01:00:00 GMT Market Reports https://www.finnewsnetwork.com.au/archives/finance_news_network275316.html