Daily Roundup

ALC.ASX SSM.ASX FRS.ASX AVR.ASX CHC.ASX

Alcidion Lands Major NHS Contract

Alcidion Group has secured a significant 7-year deal with University Hospitals Sussex NHS Foundation Trust to deploy its Miya Precision Electronic Patient Record platform. The contract is valued at approximately $35 million, with options to extend to 10 years for a potential $49 million total. Implementation kicks off immediately, with the first phase going live in June 2027. The company expects to recognize around $8.5 million in revenue during FY26, primarily from an upfront license fee. There's also room for expansion—the contract includes options to roll out additional modules over time, which could push the value even higher.

Service Stream Bolsters Portfolio with RIE Group Acquisition

Service Stream is moving forward with the acquisition of RIE Group, a specialized high-voltage electrical and instrumentation business that operates across oil and gas, power generation, and renewable sectors. The deal comes with an initial payment of $6.5 million, subject to adjustments based on final net working capital, plus additional consideration of up to $1.5 million if financial performance targets are met. RIE currently generates roughly $13 million in annual revenue and employs between 60 and 120 people. The acquisition is expected to close around August 2026 and should enhance Service Stream's capabilities while expanding its geographical footprint and strengthening relationships with major asset owners.

Forrestania Secures Gold Assets in Western Australia

Forrestania Resources has completed a binding agreement to acquire 100% of Midas Minerals (Newington) Pty Ltd, gaining control of a strategic gold project in Western Australia's Newington district. The deal includes a portfolio of 10 granted mining and exploration tenements. The upfront consideration of $1.5 million will be paid through the issuance of Forrestania shares, helping preserve cash resources. Any additional payments will be tied to resource growth and development milestones, ensuring that vendor consideration aligns with project progress and shareholder value creation.

Charter Hall Lifts Earnings Guidance

Charter Hall Group has upgraded its FY26 operating earnings per security guidance to 103.0 cents, up from 100.0 cents—a 26.5% increase over FY25. The boost reflects strong institutional capital momentum, with $6.5 billion in gross equity inflows year-to-date. The group's Property Funds Management assets under management have climbed to $74.72 billion. Management expects this positive momentum to continue, with sustained earnings growth anticipated, particularly in the commercial real estate sector.

Anteris Opens Door to $250 Million Equity Raise

Anteris Technologies has filed a prospectus supplement and sales agreement with the SEC, establishing an "at-the-market" equity offering under Rule 415. The company has partnered with TD Securities to sell up to $250 million in shares, with TD Cowen receiving 3.0% of gross proceeds as compensation. Anteris' lead product, the DurAVR Transcatheter Heart Valve System, is designed to treat aortic stenosis by replicating the performance of a healthy human aortic valve. The single-piece, biomimetic design aims to deliver improved hemodynamics and durability compared to traditional three-piece alternatives.