owned by Link Group was a “very attractive” asset as he outlined that his group had $560 million in balance sheet firepower for acquisitions.Matthew Proud told an investor briefing on Monday night the company was still eyeing Australia as a growth market. He reaffirmed that he was “disappointed” aof Link did not happen. Link shares fell 1.6 per cent to $3 and PEXA shares 0.9 per cent to $13.23.
Shares in ASX-listed lithium explorer MetalsGrove Mining more than doubled in value to 23¢ after it identified a significant lithium deposit at its Coondina lithium project in Western Australia. UBS raised the retailer’s earnings per share estimate for financial 2023 by 9.4 per cent, for FY 2024 by 18.3 per cent, and for FY 2025 by 18 per cent. It lifted its Universal Stores’ share price valuation to $6.25 from $5.75 per share.Papua New Guinea’s national oil and gas company, Kumul, offered $US1.4 billion to Santos to snare a 5 per cent stake in its PNG LNG project. Santos CEO Kevin Gallagher said the deal could help it build a stronger partnership with the Port Moresby government.
Synlait Milk more than tripled its financial 2022 net profit to $NZ38.5 million , on sales that rose 21 per cent to $NZ1.66 billion. It expects a similar level of profitability in financial 2023 as financial 2021, without providing specific guidance; its ASX-traded shares fell 4.4 per cent to $3.03.
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