Daily Roundup

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

Alcidion Lands Major NHS Contract

Alcidion Group has inked a significant 7-year deal with University Hospitals Sussex NHS Foundation Trust to roll out its Miya Precision Electronic Patient Record platform. The contract is worth approximately $35 million, with options to extend to 10 years and potentially push the total value to $49 million. Implementation kicks off immediately, with the first phase expected to go live in June 2027. The company will recognize around $8.5 million in revenue during FY26, primarily from an upfront license fee. There's also room for expansion down the line, as the contract includes options to add further modules over time.

Service Stream Bolsters Operations with RIE Group Acquisition

Service Stream has agreed to acquire RIE Group, a specialized high-voltage electrical and instrumentation business serving the 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 certain financial performance thresholds are met. RIE currently generates around $13 million in revenue and employs between 60 and 120 people. The acquisition is expected to close in August 2026 and should enhance Service Stream's capabilities, expand its geographical footprint, and strengthen relationships with major asset owners.

Forrestania Secures Newington Gold Project

Forrestania Resources has secured 100% ownership of Midas Minerals (Newington) Pty Ltd, bringing a strategic portfolio of 10 granted mining and exploration tenements in Western Australia's Newington district into its fold. The upfront consideration of $1.5 million will be satisfied through the issuance of Forrestania shares, helping preserve cash resources. Additional success-based payments will only kick in when resource growth and development milestones are achieved, ensuring the vendor's interests align with shareholder value creation.

Charter Hall Raises Earnings Forecast

Charter Hall Group has upgraded its FY26 operating earnings per security guidance to 103.0 cents, up from 100.0 cents—a 26.5% jump compared to FY25. The boost comes on the back of strong institutional capital momentum, with $6.5 billion in gross equity inflows year-to-date. The company's Property Funds Management arm has also seen assets under management climb to $74.72 billion. Management expects this capital inflow trend to continue, supporting sustained earnings growth, particularly in the commercial real estate space.

Anteris Opens Door to $250 Million Equity Raise

Anteris Technologies has filed a prospectus supplement and sales agreement with the SEC to establish an at-the-market equity offering. 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. The move comes as Anteris advances its lead product, the DurAVR Transcatheter Heart Valve System, designed to treat aortic stenosis. The single-piece, biomimetic valve aims to deliver improved hemodynamics and durability compared to traditional three-piece alternatives.