We Believe You Can Overlook Engenco's (ASX:EGN) Subpar Earnings
Kalkine Media
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1w ago
Highlights Engenco's earnings report seen positively despite modest profits. Strong cash conversion highlighted through a negative accrual ratio. Unusual items impacted profits, possibly affecting future sustainability. Engenco Limited (ASX:EGN) has delivered its recent earnings report, catching the market’s favorable view despite its soft profit figures. Investors may have their eyes on certain positive elements beyond just the profit numbers. Taking a closer look at Engenco’s earnings, one key indicator to consider is the accrual ratio from cash flow, which assesses how well a company's ..read more
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ASX 200 Set for Decline Amid Weak US Market Lead; Nasdaq in Correction Territory
Kalkine Media
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1w ago
Highlights:  ASX 200 Futures Down – Futures indicate a sharp decline following weak performance in US markets.  Nasdaq in Correction Territory – Tech-heavy index declines despite delay in Trump tariffs.  Key Economic Events Ahead – US non-farm payroll data and Powell’s speech expected to shape market sentiment.  The ASX 200 is poised for further losses after US markets closed significantly lower, with the Nasdaq Composite entering correction territory. ASX 200 futures indicate a decline of 79 points (-0.99%) as of 8:30 am AEDT, reflecting the downward momentum from Wall ..read more
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Bitcoin Takes a Hit as US Government Signals No Additional Crypto Purchases
Kalkine Media
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1w ago
Highlights  Bitcoin dips as US government clarifies stance on strategic crypto reserve.  Earlier optimism fades after President Trump's remarks on crypto holdings.  Ethereum also sees a downturn amid broader market reactions.  Bitcoin (BTC) faced renewed pressure on Friday after the US government clarified that it has no plans to expand its strategic cryptocurrency holdings beyond the current reserves. The announcement came after initial optimism earlier in the week when President Donald Trump expressed support for the idea of a government-backed crypto reserve.  M ..read more
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Woodside Energy and Baker Hughes Join Forces to Advance Low-Carbon Power Technology
Kalkine Media
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1w ago
Highlights  Woodside Energy (WDS) partners with Baker Hughes (NASDAQ:BKR) to develop low-carbon power solutions.  The collaboration builds upon a 2022 agreement targeting supply chain decarbonization.  Net Power’s (NYSE:NPWR) platform will be leveraged to generate power while capturing nearly all CO2 emissions.  Woodside Energy (ASX:WDS) has entered into a strategic collaboration with Baker Hughes (NASDAQ:BKR), a Houston-based energy technology firm, to develop innovative low-carbon power generation technology. This initiative is designed to support oil and gas operatio ..read more
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Major Development for Insignia Financial (ASX:IFL) as Acquisition Proposals Get a Boost
Kalkine Media
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1w ago
Highlights  Insignia Financial (IFL) receives higher acquisition proposals.  Offers revised to A$5.00 per share, an 8.7% increase from prior bids.  Board enters exclusivity agreements, with due diligence underway.  Insignia Financial (ASX:IFL) has taken a significant step in its acquisition journey, as it recently received revised non-binding and indicative proposals from two major private equity firms, Bain Capital Private Equity and CC Capital Partners. The updated offers of A$5.00 per share mark an 8.7% increase from the previous bids of A$4.60 per share, signaling s ..read more
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Aguia Resources (ASX:AGR) Secures $1.5M to Advance Gold Exploration and Expansion
Kalkine Media
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1w ago
Highlights  $1.52M raised to accelerate gold exploration and processing plant expansion.  Drilling at Santa Barbara to enhance JORC resource development.  Strategic funding supports growth and operational momentum.  Aguia Resources (ASX:AGR) has successfully raised $1.52 million through a share placement, issuing 40 million fully paid ordinary shares at $0.038 per share. This placement, completed at a 5% discount to the closing price on March 4, 2025, includes 1 million shares subscribed by company directors. The funding provides a significant boost to Aguia Resources ..read more
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Pacific Current Group (ASX:PAC) Extends Share Buy-Back Deadline, Providing More Flexibility to Investors
Kalkine Media
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1w ago
Highlights  Pacific Current Group (PAC) extends its share buy-back deadline to 21 March 2025.  Over 51% of the maximum 25 million shares have already been tendered.  Interim dividend payment date moved up to 14 March 2025.  Pacific Current Group (ASX:PAC) has announced an extension for its off-market equal access share buy-back, allowing shareholders additional time to participate. The revised deadline is now set for 21 March 2025, granting more flexibility for investors who may still be considering their participation.  As of 6 March 2025, the company has received ..read more
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Mexico’s Tariff Review Could Strengthen North American Trade Ties
Kalkine Media
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1w ago
Highlights  Mexico considers reviewing tariffs on Chinese imports, potentially benefiting North American industries.  Shift aligns with efforts to strengthen regional trade under USMCA.  Market reacts to changing trade policies, impacting various sectors.  In a significant trade policy shift, Mexico is evaluating tariffs on Chinese imports, a move that aligns with efforts to bolster North American industries. President Claudia Sheinbaum announced this review, highlighting its potential impact on key sectors such as textiles and footwear. The decision comes at a time whe ..read more
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Australian Market Dips Below 8000 as (ASX:CBA) Falls, (ASX:IFL) Surges Amid Bidding War
Kalkine Media
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1w ago
Highlights  Australian share market slips below 8000, weighed down by losses in financial and tech sectors.  (ASX:CBA) declines over 4% amid broader banking sector weakness.  (ASX:IFL) jumps 11.2% as bidding war intensifies.  The Australian share market faced a notable downturn on Friday, with the S&P/ASX 200 Index dropping 1.3% or 103.6 points, settling at 7991.1 by midday. This decline extended a three-day losing streak and saw the index fall below the 8000 level, a key psychological threshold for market sentiment.  A combination of global trade uncertainties ..read more
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IODM Limited (ASX:IOD) Expands Market Presence with North American Revenue Agreements
Kalkine Media
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1w ago
Highlights  IODM Limited secures revenue share agreements in the U.S. and Canada for the education sector.  The market opportunity surpasses A$275 million, significantly larger than the UK agreement.  IODM to receive 20-30% revenue share based on client type.  IODM Limited (ASX:IOD) has taken a significant step forward by securing separate revenue share agreements in North America, marking a major milestone in its expansion strategy. The agreements, set to commence in March 2025, will position IODM to receive a predetermined share of net revenue from educational institu ..read more
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