CGC
Director Trades
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Company News
CommSec fined $20m, Kelsian acquires Horizons West and Westpac signs NRL sponsorship deal
Australia’s largest stockbroker CommSec, owned by Commonwealth Bank (ASX: CBA), has been handed a $20 million fine from the Federal Court after its was found it had breached market integrity rules, including over-charged customers in brokerage fees on almost 121,000 occasions. The overcharge in brokerage fees alone were found to amount to $4.3 million. Commonwealth […]
Syrah halts Mozambique operations, Santos to sell 5% PNG LNG stake and Core Lithium targets first spodumene shipments by year-end
Syrah Resources (ASX: SYR) has halted operations at its Balama graphite mine in Mozambique over ‘illegal industrial action’ taking place at the site involving workers and contractors. The company exited a trading halt on Monday after confirming the news that “a small contingent of local employees and contractors” had raised safety concerns at Balama. Syrah […]
Worley awarded Santos contract, severe weather impacts Costa Group harvest, and Beach Energy completes Otway program
Santos (ASX: STO) has awarded Worley (ASX: WOR) a professional services contract to help guide its Bayu-Undan carbon capture and storage (CCS) project. Worley will provide front-end engineering and design (FEED) services for the offshore Bayu-Undan CCS project, which is located in the Timor Sea. It is expected up to 10 million tonnes of carbon […]
Is Costa Group or Lynch the pick of the bunch for investors?
Mourners grabbing a bunch of roses at the supermarket enroute to great aunt Dora’s funeral – or virtual send-off in the case of Victoria – would be oblivious to the complex logistics that enable a bunch of fresh blooms to be available beside the wonky trolleys every day. We guess the same applies to buying […]
Costa Group puts hand out as drought hurts its bottom line
Major fruit and vegetables grower Costa Group (ASX: CGC) has revealed a downgraded profit guidance for 2019, but is hoping a heavily discounted capital raising will entice investors to keep the faith. The company entered into a voluntary suspension last week ahead of announcing its trading outlook, citing “previously foreshadowed challenges” that have “continued to […]