As of the close on Friday, $S&P/ASX 200(XJO.AU)$ closed at 8,420.90 on Friday, down 0.18% in the past 5 days.
1.$DE GREY MINING LTD(DEG.AU)$ +25.66%
On Monday, Northern Star announced the friendly scrip takeover of De Grey, owner of the large undeveloped Hemi gold project in Western Australia’s Pilbara region. Managing director Stuart Tonkin said it was rare to be able to present such a compelling transaction.
“Given the high-quality nature of Hemi, De Grey is in the fortunate position to have had many avenues to progress the asset, including M&A,” De Grey managing director Glenn Jardine said.
“The transaction that we have entered into with Northern Star today is a highly attractive opportunity for De Grey shareholders in terms of the upfront premium, as well as retaining ongoing exposure to Hemi and gaining exposure to the broader Northern Star portfolio.”
2.$GOLD ROAD RESOURCES LTD(GOR.AU)$ +12.06%
Gold Road Resources Ltd has announced a new substantial holder in the company, with State Street Corporation and its subsidiaries holding significant voting power. This development could influence the company’s future decisions and strategies, attracting attention from investors focused on stock market dynamics.
It comes after a rise in gold prices, and Australian-dollar gold prices in particular, which hit a record above A$4,240 a troy ounce in late October, and have rallied by about a third in the past year. "Obviously gold is expensive, but it’s a script deal so we are happy with that," said Baden Moore of CLSA.
3.$RAMELIUS RESOURCES LTD(RMS.AU)$ +8.10%
Spartan raised $220 million through an institutional share placement that included its bigger rival Ramelius lifting its stake in the company to 20%, which drive the stock price up!
One important encouraging feature of Ramelius Resources is that it is growing profits. The fact that EPS is growing is a genuine positive for Ramelius Resources, but the pleasant picture gets better than that. With company insiders aligning themselves considerably with the company's success and modest CEO compensation, there's no arguments that this is a stock worth looking into.
4.$Block Inc(SQ2.AU)$ +7.73%
Block, Inc.’s Chief Legal Officer, Chrysty Esperanza, reported recent transactions involving the conversion and sale of Class A and Class B Common Stock. The transactions, executed under a pre-established trading plan, illustrate corporate maneuvers to manage equity holdings strategically. Esperanza’s actions reflect ongoing adjustments within the company’s stock management strategy.
The core businesses of Block, Inc. (NYSE:SQ) remain robust with strong gross profit growth for both Square and Cash App. The firm has also expanded its addressable market over time. With Square representing an approximately $130 billion gross profit opportunity and Cash App representing a nearly $75 billion gross profit opportunity in the US, the market potential is solid. The strong profitable growth across Block depicts that its ecosystems are efficiently delivering differentiated value to its customers.
5.$BREVILLE GROUP LTD(BRG.AU)$ +7.39%
The surge in coffee prices to the highest level since 1977 could force more consumers to save money by making their daily brew at home, in a boon for ASX-listed small appliance maker Breville.
Citi said this would be positive for the at-home coffee market as it may bring new customers to the category, benefiting Breville given the popularity of the coffee machines it sells.
One positive for Breville Group is that it is growing EPS. That's nice to see. To add an extra spark to the fire, significant insider ownership in the company is another highlight. These two factors are a huge highlight for the company which should be a strong contender your watchlists.
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