Latest news with #AustralianStockExchange
Forbes
08-07-2025
- Business
- Forbes
Double Top Signals A Potential Steep Fall In The Gold Price
Rising costs and hints of a double peak in the gold price is starting to rub the gloss off the goldmining boom. The combination of higher costs and the potential for a steep fall in the price of gold could be seen this week in the share price of Northern Star, Australia's leading miner of the metal. Beware a falling gold price A favorite of investors since the gold boom started three years ago Northern Star has suffered a 10.5% price fall on the Australian stock exchange over the past five trading days, extending its loss over the past month to 18% Investors and analysts were dismayed with a production update released by the company on Monday which contained an unexpected increase in production costs and future capital expenditure. Analysts at Citi, an investment bank, criticized Northen Star for the increase in capex which was 15% higher than they expected. Unwelcome Cost Surprise 'Northern Star needs to work on guiding the market as capex has moved up almost $2 billion for the 2026 financial year,' Citi said. 'Capex associated with the (ore processing) mill expansion such as a thermal power plant is news to us.' Despite the bank's dismay with the company's guidance for the new financial year it maintained a buy recommendation on the stock but lowered its share-price target from A$22 to A$21, which is significantly higher than the last sales at A$17.18. Easily the biggest of Australia's goldminers, the performance of Northern Star is seen by investors as a guide to the broader sector with the sell-off in its shares seen as pointer to a possible sector-wide decline as the reality of rising costs starts to bite. English actress Tania Mallet guarding a pile of gold in her role as Tilly Masterson in the 1964 ... More James Bond movie 'Goldfinger. Photo by Silver Screen Collection/) Until this week, there had been unbridled optimism that a rising gold price would wash away cost increases with the $1000 an ounce rise in the gold price over the last 12-months underpinning a 51% increase in the ASX gold index. But doubts have been building for months that the best of the gold boom has passed with a steep fall more likely over the next 12-months than a further uplift. Chartists who track the gold price have been looking with concern at the 'double top' evident in the price which hit a high of $3433/oz on April 22 and effectively repeated that price on June 13 when gold returned to $3435/oz after a period of flat trading between the twin peaks. A weaker period of trading appeared to be developing last week, offset by a fresh bout of confusion over U.S. tariff policy which has kept the gold price around $3330/oz. Charting is an imprecise art, but it can be useful in showing a pattern in trading as well as pointing to a future trend. A double top is seen as a sign of a bear market developing, a shift which could see gold quickly retreat below the $3000/oz mark with $2500/oz possible by the end of the year. If that downward trend develops, as indicated by the gold-price chart, goldmining companies which have been relying on a perpetually rising price will find their costs coming under close scrutiny.
Courier-Mail
23-06-2025
- Business
- Courier-Mail
Virgin Airlines domestic and international flight sale has fares from $49
Don't miss out on the headlines from Lifestyle. Followed categories will be added to My News. Fancy a sneaky getaway? Like us, you're probably too busy planning your next holiday to keep an eye on who is debuting on or returning to the Australian Stock Exchange. But today is a good one to be across this as Virgin is celebrating its re-appearance on the ASX with a stonker of a sale called Bell To Boarding. How long does the sale last? It closes on 11.59 AEST Friday June 27, 2025. When can I travel? Between July 22, 2025 and March 26, 2026. What are the lowest fares? One way domestic Economy Lite tickets start at $49. This, for example, will get you to Ballina from Sydney or vice versa. Looking international? Return flights from Melbourne to Queenstown, for example, start at $455. Are Economy X seats on sale? Yes. For travellers looking to upgrade their experience, Economy X is also on sale until June 27, 2025 on selected routes with extra legroom starting from $27 per person per sector on select domestic routes (such as Adelaide to Canberra or vice versa) and starting from $39 per person per sector on international routes (such as Brisbane to Fiji). What international destinations are included? Queenstown, Denpasar, Nadi and Vanuatu are all on offer. What does the sign mean on airline website sale sites? This indicates that the one way ticketed fare is available in both directions. Big savings on Virgin right now. What are some of the domestic flights in this sale? The following flights are all one-way economy lite fares valid in both directions: Melbourne-Launceston from $59, Sydney-Gold Coast from $65, Melbourne-Gold Coast from $89, Melbourne-Uluru from $99. As with all flight bookings be sure to read the terms and conditions attached to your ticket. What are some of the international flights in this sale? The following flights are all return economy lite fares valid in both directions: Sydney-Queenstown from $489, Brisbane-Vanuatu from $489 and Sydney-Nadi (Fiji) from $595. As with all flight bookings be sure to read the terms and conditions attached to your ticket. Can you accrue frequent flyer points on these flights? Yes. All Virgin Australia sale fares include the ability for Velocity Frequent Flyer members to earn Velocity Points and Status Credits. For the full list of flights on sale click here Originally published as Virgin drops massive four day sale with fares from $49
Herald Sun
23-06-2025
- Business
- Herald Sun
Virgin Airlines domestic and international flight sale has fares from $49
Don't miss out on the headlines from Lifestyle. Followed categories will be added to My News. Fancy a sneaky getaway? Like us, you're probably too busy planning your next holiday to keep an eye on who is debuting on or returning to the Australian Stock Exchange. But today is a good one to be across this as Virgin is celebrating its re-appearance on the ASX with a stonker of a sale called Bell To Boarding. How long does the sale last? It closes on 11.59 AEST Friday June 27, 2025. When can I travel? Between July 22, 2025 and March 26, 2026. What are the lowest fares? One way domestic Economy Lite tickets start at $49. This, for example, will get you to Ballina from Sydney or vice versa. Looking international? Return flights from Melbourne to Queenstown, for example, start at $455. Are Economy X seats on sale? Yes. For travellers looking to upgrade their experience, Economy X is also on sale until June 27, 2025 on selected routes with extra legroom starting from $27 per person per sector on select domestic routes (such as Adelaide to Canberra or vice versa) and starting from $39 per person per sector on international routes (such as Brisbane to Fiji). What international destinations are included? Queenstown, Denpasar, Nadi and Vanuatu are all on offer. What does the sign mean on airline website sale sites? This indicates that the one way ticketed fare is available in both directions. Big savings on Virgin right now. What are some of the domestic flights in this sale? The following flights are all one-way economy lite fares valid in both directions: Melbourne-Launceston from $59, Sydney-Gold Coast from $65, Melbourne-Gold Coast from $89, Melbourne-Uluru from $99. As with all flight bookings be sure to read the terms and conditions attached to your ticket. What are some of the international flights in this sale? The following flights are all return economy lite fares valid in both directions: Sydney-Queenstown from $489, Brisbane-Vanuatu from $489 and Sydney-Nadi (Fiji) from $595. As with all flight bookings be sure to read the terms and conditions attached to your ticket. Can you accrue frequent flyer points on these flights? Yes. All Virgin Australia sale fares include the ability for Velocity Frequent Flyer members to earn Velocity Points and Status Credits. For the full list of flights on sale click here Originally published as Virgin drops massive four day sale with fares from $49
Epoch Times
30-04-2025
- Business
- Epoch Times
Australian Energy Giant Approves $17.5 Billion LNG Project in Louisiana
Australian energy giant Woodside will push ahead with a $27 billion (US$17.5 billion) liquefied natural gas (LNG) project in Louisiana, United States. Woodside shares rose 1.47 percent on the Australian Stock Exchange (ASX) to 20.66 each on April 29 in reaction to the news. The announcement comes after U.S. President Donald Trump's declaration of a national energy emergency upon taking office, and his promise to Woodside expects the project to produce about 16.5 million tonnes per annum (mtpa) of gas in 2029 and generate $2 billion of cash per year from the 2030s. By the 2030s, Woodside hopes to produce 24 mtpa of gas from the project, contributing to 5 percent of total global LNG supply. 'At full capacity, the foundation project is expected to generate approximately $2 billion of annual net operating cash in the 2030s. It will drive Woodside's next chapter of value creation, giving the company's global portfolio the potential to generate over $8 billion of annual net operating cash in the 2030s,' Woodside said Related Stories 4/28/2025 4/24/2025 Woodside Chief Executive Officer Meg O'Neill described the news as a 'historic moment' for the company. 'Louisiana LNG is a game-changer for Woodside, set to position our company as a global LNG powerhouse and enable us to deliver enduring shareholder returns,' she said. 'This world-class project is a compelling and de-risked investment. It leverages Woodside's proven strengths in project execution, operational excellence, marketing and customer relationships to offer significant cash generation and drive long-term shareholder value.' O'Neill said Woodside had secured quality partners and was now ready to take the final investment decision. 'Adding Louisiana LNG to our established Australian LNG business provides Woodside with a balanced and resilient portfolio, combining long-life, flexible LNG assets with high-return oil assets,' she said. O'Neill pointed out that the project benefits from access to abundant low-cost gas resources in the United States and has an asset lifespan of more than 40 years. 'It also has access to well-established interstate and intrastate gas supply networks. The marketing opportunities Louisiana LNG offers across the Pacific and Atlantic Basins leverages Woodside's proven LNG marketing capabilities and complements our established position in Asia,' she said. This would position Woodside to even better serve global customers and meet growing energy demand. 'This supply can target strong and sustained demand for LNG expected in both Asia and Europe, as those markets pursue energy security and decarbonisation aspirations,' O'Neill said. 'We are pleased with the strong level of interest from potential strategic partners and are advancing discussions targeting further equity sell-downs. 'This will further reduce Woodside's capital and accelerate the value of Louisiana LNG and is consistent with the approach we have taken with our Scarborough Energy Project in Australia.' Woodside Thanks US Government For Support Woodside thanked both the Trump administration and the Louisiana state government for backing the project. 'As the largest single foreign direct investment in Louisiana's history, Louisiana LNG will also be the first greenfield U.S. LNG project to go to final investment decision since July 2023," O'Neill said. 'Louisiana LNG will support approximately 15,000 national jobs during construction. Woodside appreciates the support Louisiana LNG has received from both the U.S. Federal and Louisiana State governments.' Trump Expedites Energy Projects Since coming to office, President Trump has made efforts to expedite the approval process for energy projects, including natural gas liquids. On his first day of office, he declared a national energy emergency to secure U.S. energy supply and instructed agencies to push ahead with projects. 'To facilitate the nation's energy supply, agencies shall identify and use all relevant lawful emergency and other authorities available to them to expedite the completion of all authorized and appropriated infrastructure, energy, environmental, and natural resources projects that are within the identified authority of each of the secretaries to perform or to advance,' the executive order states. In response to the national energy declaration, the U.S. Department of Interior has cut down energy permits from a multi-process to 28 days. This applies to crude oil, natural gas, natural gas liquids, petroleum, coal, uranium, biofuels, and geothermal energy.
Bloomberg
27-04-2025
- Business
- Bloomberg
ASX to Review Listing, Waiver Rules After James Hardie Deal
The Australian Stock Exchange will review requirements for shareholder approvals in mergers and acquisitions, following James Hardie Industries Plc 's A$14 billion ($9 billion) deal in March to take over AZEK Co. In a statement on Sunday, the ASX said Australian institutional investors had voiced concerns about current shareholder approval requirements and that the exchange would update an analysis from 2017.
