To The Moon

As of the close on Friday, $S&P/ASX 200(XJO.AU)$ closed at 7,796.00 on Friday, down 0.93% in the past 5 days.

1. $SIGMA HEALTHCARE LTD(SIG.AU)$ +12.50%

• Shares in Australia's Sigma Healthcare surged more than 76% on Wednesday to post a record intraday jump, after the company said on Monday it would merge with Chemist Warehouse Group to form an A$8.8 billion ($5.77 billion) entity.

• Sigma on Monday said Chemist Warehouse will own 85.8% of the merged company that will supply 1,000 Sigma-aligned pharmacies and own 600 Chemist Warehouse outlets, according to a statement.

• The company said it expected the proposed merger to create savings initially estimated at about A$60 million per annum, which are likely to be realized after four years.

2. $TELIX PHARMACEUTICALS LTD(TLX.AU)$ +11.02%

• Telix is a biopharmaceutical company focused on the development and commercialisation of therapeutic and diagnostic radiopharmaceuticals and associated medical devices. It’s headquartered in Melbourne with international operations in the US, Europe and Japan.

• On the day it was due to be listed on Nasdaq, Telix shelved its initial public offering (IPO) plans citing “current market conditions”.

• Telix first laid out its IPO plans in early January this year, after which its share price increased 42% until its listing U-turn. Shares have also been bumped due to “positive therapeutic pipeline data readouts” and product approval submissions to the US Food and Drug Administration for kidney cancer agent TLX250-CDx (Zircaix) and prostate cancer agent TLX007-CDx.

3. $GOLD ROAD RESOURCES LTD(GOR.AU)$ +10.9%

• Gold Road is a mid-tier Australian gold producer and explorer with a Tier 1 mine and exploration projects across Western Australia, South Australia and Queensland covering more than 14,000 square kilometres.

• “Gold Road continues to evaluate strategic opportunities and will only pursue acquisitions if it is in the best interests of its shareholders,” managing director and chief executive Duncan Gibbs said in the statement.

4. $CAPRICORN METALS LTD(CMM.AU)$ +10.31%

• Capricorn Metals Ltd is an Australian company focused on the evaluation, exploration, development, and production of gold properties, with a market capitalization of approximately A$1.77 billion.

• Capricorn Metals, despite a decline in net profit margin from 25.4% to 5.2%, is forecasted to see robust growth with earnings expected to increase by a significant margin annually over the next three years. Revenue growth at 14.1% per year also surpasses the Australian market average of 5.4%.

5. $Genesis Minerals Ltd(GMD.AU)$ +9.57%

• Genesis Minerals Limited has released an update, which may drive the stock price up.

• Genesis Minerals Limited has experienced a notable shift in its ownership structure, with State Street Corporation and its subsidiaries increasing their stake from 5.92% to 6.94% as of June 13, 2024. This change represents a significant move considering the last notice was issued on April 11, 2024. The transaction details and the nature of the interest changes were documented in accordance with the Corporations Act 2001.