Monthly Archives: December 2016

Caltex Australia Ltd Buying Gull New Zealand

Buying Gull New Zealand: Caltex Australia Ltd (ASX: CTX) recently reported that they are acquiring Gull New Zealand (Gull) for NZ$340 million (or A$325 million). With this move, the group would now hold Gull’s Mount Maunganui import fuel terminal and retail operating assets. The group’s retail fuel offering would now be strengthened while risk decreases. Transaction represents 8.2x 2017 forecast

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Independence Group NL Completed acquisition of Windward shares

Completed acquisition of Windward shares: Independence Group NL (ASX: IGO) recently reported that they have completed the compulsory acquisition of remaining shares of Windward Resources. IGO is executing an exploration program at Lake Mackay Project as part of an exploration alliance with ABM Resources. Recently, the group finished 18 RC hole program at EL24915 as part of their reconnaissance drilling

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Metcash Ltd No FY17 interim dividend

No FY17 interim dividend:Metcash Ltd (ASX: MTS) reported a limited 0.3% rise in group sales to $6.63 billion for six months of FY17 including the three weeks’ sales from the Home Timber and Hardware business it acquired from its rival Woolworths Ltd. The company’s earnings before interest and tax (EBIT) declined 4.2% to $128.1 million while its underlying profit fell

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Western Areas Ltd New contract win from Chinese stainless steel producer

New contract win from Chinese stainless steel producer: Western Areas Ltd (ASX: WSA) announced that it has entered into an offtake contract with the Tsingshan Group through its associated entity, Golden Harbour International Pte Ltd to import raw materials for the production of stainless steel. The company has further announced that it has entered into an offtake contract with BHP

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