In Case You Missed It: Casinos and furniture earnings and some cobalt
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Stockhead’s In-Case-You-Missed-It highlights some strongest performing ASX stocks that might have slipped your notice today.
It’s a short, sharp update to help frame the trading day by showing some of the biggest movers in percentage terms.
Stocks highlighted in blue have made market-moving announcements (click headings to sort).
|Code||Company||Price||% Today||Market Cap|
|PIL||Peppermint Inv Ltd||0.007||40%||$10,189,284|
|MHC||Manhattan Corp Ltd||0.009||13%||$23,495,838|
|RNU||Renascor Res Ltd||0.155||11%||$355,517,050|
|ALM||Alma Metals Ltd||0.012||9%||$12,254,009|
|PWN||Parkway Corp Ltd||0.014||8%||$28,948,645|
|LRS||Latin Resources Ltd||0.385||7%||$944,352,947|
|ATC||Altech Batt Ltd||0.079||5%||$110,221,726|
|IXR||Ionic Rare Earths||0.021||5%||$78,922,098|
|ITM||Itech Minerals Ltd||0.21||5%||$23,386,712|
|LM1||Leeuwin Metals Ltd||0.385||4%||$16,570,450|
|BNL||Blue Star Helium Ltd||0.028||4%||$42,826,592|
|SLZ||Sultan Resources Ltd||0.031||3%||$4,445,701|
|HCH||Hot Chili Ltd||1.47||3%||$170,209,419|
|G88||Golden Mile Res Ltd||0.039||3%||$12,516,801|
|GCY||Gascoyne Res Ltd||0.255||2%||$219,394,530|
|BTI||Bailador Tech Inv||1.29||2%||$183,259,525|
|ARU||Arafura Rare Earths||0.27||2%||$560,041,643|
|MTM||MTM Critical Metals||0.06||2%||$5,725,757|
|DEG||De Grey Mining||1.375||1%||$2,115,904,661|
|DEV||Devex Resources Ltd||0.35||1%||$127,918,608|
|HGO||Hillgrove Res Ltd||0.0705||1%||$133,837,971|
The Star Entertainment Group (ASX:SGR) released an update around its proposed poker machine duty tax today, saying it had been given a lifeline after reaching an in-principle agreement with the NSW Treasurer, Daniel Mookhey, to amend its tax obligations with the State.
Following this agreement, Star expects additional duty payable in FY24 to only be around $10 million, which represents a slash of two-thirds from the original proposal.
Earlier in July, the NSW Treasurer had announced, without prior consultation with The Star, a proposed increase in NSW poker machine tax rates originally intended to take effect from 1 July.
The Star has consistently maintained that this proposed duty increase was not sustainable, and if implemented, would significantly challenge its Sydney business and put thousands of jobs at risk.
Furniture company Nick Scali (ASX:NCK) reported full-year revenue of $507.7m, up 15% on pcp, net profit after tax of $101.1m, up 26.1% on pcp plus a final dividend per share of 35c (flat on pcp).
These results include 12 months of revenue contribution from Plush-Think Sofas, which was acquired in November 2021.
Nick Scali said that during the year, it benefitted from increased deliveries and the reduction in the ageing of the order bank, as lead times returned to pre Covid levels.
Kuniko (ASX:KNI) has revealed “robust” cobalt mineral extensions and high-grade discoveries from two recent drilling campaigns at the Middagshvile Skuterud Cobalt Project in Norway.
The company reports that the findings unveil a promising extension of known mineralisation towards the northern region of the site, enhancing the project’s potential for expansion.
And Future Battery Minerals (ASX:FBM) has completed the acquisition of the remaining 20% interest in the Kangaroo Hills Lithium Project (KHLP) from Goldfellas Pty Ltd – a wholly owned subsidiary of Lodestar Minerals Limited (ASX:LSR) – bringing its ownership of the project to 100%.
At Stockhead we tell it like it is. While Future Battery Minerals is a Stockhead advertiser, it did not sponsor this article.