CVN – CARNARVON PETROLEUM – up two cents, or 5.2 per cent, to 40 cents
STO – SANTOS – up 15 cents, or 2 per cent, to $7.50
Tests from from the companies’ Dorado-3 offshore appraisal well north of Port Hedland show the Caley reservoir is capable of producing 30,000 barrels of oil per day.
Carnarvon holds a 20 per cent stake in the project.
REA – REA GROUP – up $1.35, or 1.3 per cent, to $108.88
The real estate company is establishing a joint venture with 99.co, the Singapore-headquartered digital property marketplace, to create a listing footprint in Singapore and Indonesia.
EVO – EVOLVE EDUCATION GROUP – flat at 10.5 cents
The childcare operator has bought four childcare centres in Melbourne for $11.8 million, which are expected to contribute $10.8 million in revenue and $2.5 million in earnings for the company.
FSF – FONTERRA – down five cents, or 1.3 per cent, to $3.73
MCY – MERCURY – up one cent, or 0.2 per cent, to $5.05
Fonterra has named Mercury NZ boss Fraser Whineray as its new chief operating officer, starting in early 2020.
The former Credit Suisse, Puhoi Valley Cheese and Carter Holt Harvey man has spent the past five years as chief executive of renewable energy firm Mercury.
Mercury said it would begin a search for a new CEO immediately.
SM1 – SYNLAIT – up one cent, or 0.1 per cent, to $8.50
Chief financial officer Nigel Greenwood will step down next year, having served as Synlait’s CFO since April 2010.
QPR – QUATTRO PLUS REAL ESTATE – flat at 96.5 cents
The real estate trust has purchased 87 Albert Street, Auckland, for $NZ33.8 million. The 7,250 square metre grade B property is adjacent to Auckland’s new CBD rail station.
KKT – KONEKT – up 19.5 cents, or 67.2 per cent, to 48.5 cents
Employment placement and workplace injury management company Konekt has agreed to be acquired by Advanced Personnel Management for 49 cents per share, or $51.8 million.
EDE – EDEN INNOVATIONS – down 0.3 cents, or 5.9 per cent, to 4.8 cents
A day after Eden’s shares shot up 15.9 per cent on news that it had received an order for its concrete additive in the large New York City market, Eden clarified – at the request of the ASX – that the order was only worth $US8,250 ($A12,220).
“In Eden’s opinion, the financial impact of this sale on the company is not the dollar value of this first order but the fact that is is the first sale of EdenCrete products into the huge New York construction market, and more particularly because it is proposed to be used on an ongoing basis by United Transit in one of its standard concrete mixes,” Eden said.
HNG – HGL LIMITED – flat at 32 cents
Chief executive Henrik Thorup has announced he will leave the product marketing and supply chain investment company.