Daily Roundup

Kip McGrath Education Centres extends takeover discussions

Kip McGrath Education Centres Ltd has acknowledged Crimson Consulting Australia's extended off-market takeover bid, but the Board is urging shareholders to hold tight for now. While discussions with Crimson are ongoing, the company wants shareholders to refrain from accepting the unsolicited offer. The Board remains focused on maximizing shareholder value as negotiations continue behind the scenes.

Boom Logistics lands major renewable energy contract

In a boost for Australia's clean energy push, Boom Logistics has secured a substantial contract at Neoen's Narrogin Wind Farm in Western Australia. Working through the UGL & CPB Joint Venture, Boom will provide wet hire crane services to help install components for the 179 MW project's 23 wind turbines. The deal is expected to generate $18 million in revenue over 35 weeks, and the company sees it as a foundation for building a stronger relationship with CPB and UGL on future wind projects.

Trajan Group shows strong operational momentum despite currency headwinds

Trajan Group Holdings delivered an impressive operational performance in the second half of FY26, with nEBITDA jumping 61.8% despite forex volatility eating into reported revenue. The company's proforma gross margin expanded to 40.6% in H2 FY26, signaling improving operational efficiency. Looking ahead, FY27 Q1 results show the momentum is holding, with mid-single digit organic revenue growth and double-digit nEBITDA growth already materializing. The company expects these growth trajectories to continue throughout FY27, with more detailed guidance coming at the Annual General Meeting.

Alvo Minerals advances rare earth exploration in Brazil

Alvo Minerals has wrapped up drilling at its Bluebush project in Brazil, uncovering some genuinely impressive heavy rare earth element mineralization. The assay results show an average dysprosium and terbium content of 26ppm across significant intercepts, including standout zones like 5.0 meters grading 1,390ppm total rare earth oxides. The project sits in the same geological setting as Serra Verde, which USA Rare Earth recently acquired for US$2.8 billion. Alvo has also finalized its purchase contract with Bluebush vendors on terms matching the original memorandum of understanding, expanding the company's tenure to 9,859 hectares.

To fund its continued exploration push in Brazil, Alvo has secured A$1 million in committed funding from strategic investors at A$0.02 per share—matching the last closing price and representing a 1.18% premium to the 15-day volume weighted average price. Investors will also receive one free unquoted option for every two shares subscribed, exercisable at A$0.04 with an 18-month expiry. The capital will support ongoing exploration across Alvo's critical minerals portfolio, including auger drilling and geophysical surveys at the Palma project.

Advance Zinctek grapples with significant revenue hit

Advance Zinctek Ltd reported a sharp 71% decline in Australian revenue for Q1 FY27, a result of fallout from media coverage about MooGoo's comments regarding zinc content in its Veganic sunscreen products. The negative publicity triggered customer order cancellations, which cascaded into corresponding order cancellations with Advance Zinctek. The company has engaged legal counsel and is preparing a claim against MooGoo for the losses incurred. However, the Board doesn't believe the weak first quarter is predictive of full-year performance, suggesting management expects conditions to improve as the controversy fades.