As of the close on Friday, $S&P/ASX 200(XJO.AU)$ closed at a record high of 7,770.60 on Friday, up 1.31% in the past 5 days.
1. $PALADIN ENERGY LTD(PDN.AU)$ surged 14.94% following a rebound in uranium prices
Despite a recent dip due to a 20% fall from 16-year highs in February, prices rose to $88.50 per pound. This uptick reignited investor interest in ASX uranium shares
Paladin Energy announced plans to restructure its share capital, proposing a consolidation where ten existing shares will become one. This move aims to align its share count with its ASX 200 status and attract more international investors.
2. $WEBJET LTD(WEB.AU)$ rose another 14.25% on positive guidance
Webjet's continues its uptrend like last week following its 2024 WebBeds Strategy Day and update on its guidance for FY 2024.
The company expects FY 2024 underlying EBITDA to be above the midpoint of the $180 million to $190 million range.
Management projected significant growth in total transaction value (TTV) over the coming years, aiming for $10 billion by FY 2030 with a 50% EBITDA margin.
3. $LIFE360 INC-CDI(360.AU)$ soared 12.66% on improved ad strategy
Life360's stock rose as the company announced plans to sell advertisers access to its user base, indicating improved monetization strategies.
Analysts from Morgan Stanley noted that this approach allows for monetization of users from the moment they sign up, rather than waiting for them to subscribe.
This suggests potential for accelerated user growth with increased sales and marketing investments.
Moreover, the company beat the recent earnings. Revenue increased by 33% to $305 million, with subscription revenue up 52%.
4. $BELLEVUE GOLD LTD(BGL.AU)$ added 12.20% as gold prices hit $2200
Gold prices surged above $2,200 after a dovish press conference by the Federal Reserve, boosting investor confidence in gold-related assets like BGL.
The gold developer announced successful infill drilling at Deacon Main, revealing a significant high-grade ore shoot in the near-mine schedule.
5. $FISHER & PAYKEL HEALTHCARE C(FPH.AU)$ up 9.86% on positive guidance
FPH hit its highest level since February 7th after it raised guidance for fiscal year performance.
The medical equipment distributor expects FY operating revenue to be approximately NZ$1.73 billion, up from the previous forecast of NZ$1.7 billion.
Additionally, the projected underlying profit after tax is set to be in the range of NZ$260 million to NZ$265 million, compared to the previous estimate of NZ$250 million to NZ$260 million.
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