To The Moon

As of the close on Friday, $S&P/ASX 200(XJO.AU)$ closed at 8,295.10 on Friday, up 2.17% in the past 5 days.

1. $NEUREN PHARMACEUTICALS LTD(NEU.AU)$ +35.27%

• Neuren Pharmaceuticals has announced robust financial progress in Q3 2024, with DAYBUE™ achieving net sales surpassing US$250 million, triggering a US$50 million sales milestone payment. Additionally, Neuren will benefit from a one-third share of the US$150 million sale of a Priority Review Voucher by Acadia Pharmaceuticals. The company’s expected full-year income ranges between A$216 million and A$218 million, bolstered by royalties, milestone payments, and interest income.

• Investors have been buying this pharmaceuticals company's shares since the release of its third quarter update this week. Neuren revealed that Daybue net sales for the last nine months exceeded the full-year threshold of US$250 million for Neuren's first sales milestone income of US$50 million. In addition, third quarter royalty income came in at A$13.2 million, which brings the total to A$37.5 million year to date. Neuren also advised that it expects full year 2024 income to be A$216 million to A$218 million.

2. $SIGMA HEALTHCARE LTD(SIG.AU)$ +29.59%

• Investors have been scrambling to buy the company's shares after the Australian Competition & Consumer Commission (ACCC) revealed that it will not oppose the Sigma Healthcare and Chemist Warehouse merger after accepting a court-enforceable undertaking from the former.

• Sigma's CEO, Vikesh Ramsunder, said: "The ACCC decision marks a critical milestone for the proposed transaction and provides us with the conviction to progress with the next steps in the process. The proposed transaction has the potential to create a leading AU listed healthcare company through the combination of the complementary strengths of Sigma's state-of-the-art pharmaceutical distribution infrastructure with Chemist Warehouse Group's retailing know-how."

3. $TABCORP HOLDINGS LTD(TAH.AU)$ +13.19%

• Tabcorp Holdings Limited (TAH) is a diversified wagering, media, and gaming services operator in Australia, boasting a national scale with leading brands like TAB, Sky Racing, and MAX. The company also engages in international wagering through Sky Racing World and Premier Gateway International.

• Institutions own 41% of Tabcorp Holdings Limited shares but retail investors control 53% of the company. The considerable ownership by retail investors in Tabcorp Holdings indicates that they collectively have a greater say in management and business strategy

• The general public, who are usually individual investors, hold a substantial 53% stake in Tabcorp Holdings, suggesting it is a fairly popular stock. With this amount of ownership, retail investors can collectively play a role in decisions that affect shareholder returns, such as dividend policies and the appointment of directors. They can also exercise the power to vote on acquisitions or mergers that may not improve profitability.

4. $Alcoa Corp(AAI.AU)$ +10.64%

• Alcoa Corporation (AAI) operates in bauxite, alumina, and aluminium products. The company is active in all aspects of the upstream aluminium industry with bauxite mining, alumina refining, and aluminium smelting and casting operations. The company has direct and indirect ownership of assets in 27 locations across nine (9) countries on six (6) continents.

• Aluminum rises to five-month high as Alcoa halts bauxite shipments from key Brazil mine. Alcoa said Thursday it had stopped all bauxite shipments from Brazil's Juruti port, a day after declaring force majeure at its bauxite mine in the region as an inaccessible waterway hindered its ability to supply its customers.

• The incident is the latest in a series of disruptions to hit the aluminum raw material supply chain, which have raised alumina prices to record highs and supported aluminum prices.

5. $COMPUTERSHARE LTD(CPU.AU)$ +9.88%

• Computershare Limited (CPU) is engaged in operation of Issuer Services, Global Corporate Trust, Employee Share Plans & Voucher Services, Communication Services & Utilities, Mortgage Services & Property Rental Services, Business Services and Technology Services & Operations.

• Computershare Limited has announced a daily update on its ongoing share buy-back program, revealing that 125,000 shares were repurchased on the previous day, bringing the total to over 17.8 million shares. This buy-back initiative is part of the company’s strategy to enhance shareholder value by reducing the number of outstanding shares. Such actions are often seen as a positive signal to investors, indicating management’s confidence in the company’s future performance.