Good morning, and welcome to Stockhead’s Top 10 at shortly-before-11-ish, which is meant to highlight the best (and sometimes worst) performing ASX stocks in morning trade using live data, to provide a short, sharp update to help frame the trading day by showing the biggest movers in percentage terms that have made announcements.

The market opens at 10am (eastern time) and the data is taken at 10:15am, once every ASX stock has started trading – for better or worse – and then I do my best to make sense of who’s moving where and why it might be happening.

Here’s what’s been happening since the doors were opened this morning



Stocks highlighted in yellow have made market-moving announcements (click headings to sort).

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Bravura Solutions (ASX:BVS) is climbing rapidly this morning, having delivered happy 1HFY24 results including a gross revenue bump of 7.4% to $124 million, putting the company on an EBITDA of $7.9 million, which is $11.5 million better than the previous year.

First Lithium (ASX:FL1) is celebrating an expansion of its Blacka… Balaclav… Blakala (that’s a tricky one to pronounce before I’ve had my fourth coffee for the morning) project, hitting thick high pegmatites in four drill holes, with intercepts like 19.0m @ 1.85% Li2O from 41.0m, including 15.0m at 2.04% Li2O from 44.0m making everyone happy.

MLG Oz (ASX:MLG) has reported its 1HFY24 results, and they’re looking solid. The highlights include a rise in statutory revenue of 28.7% to $226.4 million on PCP, delivering an EBITDA of $28.5 million, which is up 71.8% on pcp of $16.6 million.

Elixinol Global (ASX:EXL) has surged on news that it has entered into a binding “Membership Interest Purchase Agreement”, under which Elixinol will sell it’s non-core investment minority interest in Altmed Pets (aka Pet Releaf) back to Altmed for US$1.5 million in cash.

Parkd (ASX:PKD) is gaining this morning on news that it has been instructed to proceed with Stage 2 of the design and construction contract with John Hughes Automotive Group, for construction of a multi-level car storage facility to support its VW service centre in Victoria Park, Perth.



Stocks highlighted in yellow have made market-moving announcements (click headings to sort).

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Asset Vision Co (ASX:ASV) is lower this morning after delivering what looks like a positive H1FY24 report, which indicates that while revenues from ordinary activities are down 1.9% to $1,846,410, revenues from continuing operations are up 2.9% to $1,846,300 – and the company has managed to decrease its losses by 94.7% on PCP to $219,054.

Humm (ASX:HUM) has revealed that while it managed to boost total receivables to $4.65b, up 23% on pcp, that translated to a 1H24 Normalised Cash Profit of $28.1m, which the company says was “only down 27% on pcp”, and announced a fully franked interim dividend of $0.0075 (0.75 cents) per share.

And – stop me if you’ve heard this one before, but… Star Entertainment Group (ASX:SGR) is tanking this morning on news that Adam Bell SC is set to preside over a new 15-week inquiry into the company’s Sydney casino operation, “to assist the NSW Independent Casino Commission in forming a view as to what (if any) action it should take in respect of The Star Sydney, prior to the end of the manager’s appointment on 30 June 2024.”