Daily Roundup

Kip McGrath Education Centres Ltd is holding firm on its takeover situation. The company's board has urged shareholders to sit tight while discussions with Crimson Consulting continue over the extended bid. Rather than rushing into any decisions, the board is focused on maximizing shareholder value through ongoing negotiations.

Commonwealth Bank of Australia is winding down one of its hybrid securities. The bank has announced that CommBank PERLS XIII Capital Notes (CBAPJ) will be suspended from quotation immediately, pending redemption. Once the redemption is formally announced and the necessary paperwork is filed, the securities will be removed from the ASX entirely. This move only affects CBAPJ holders and doesn't impact any other CBA securities.

Boom Logistics is riding the renewable energy wave. The lifting and project logistics company has landed a contract at Neoen's Narrogin Wind Farm in Western Australia, working through the UGL & CPB Joint Venture. The gig involves providing wet hire crane services to help install wind turbine components for the 179 MW project. Over 35 weeks, the contract is expected to bring in $18 million in revenue—and the company sees it as a foundation for building a stronger relationship with CPB and UGL on future wind projects.

Trajan Group Holdings Ltd is showing some impressive momentum despite headwinds. While FY26 H2 revenue took a hit from forex volatility—losing roughly $5 million due to AUD appreciation—the company's underlying performance tells a different story. nEBITDA jumped 61.8% from the first half, hitting $8.1 million, and gross margins improved to 40.6%. Looking ahead, FY27 Q1 is tracking well with mid-single digit organic revenue growth and double-digit nEBITDA growth expected to continue throughout the year.

Alvo Minerals is making serious moves in Brazil's rare earth space. The company has completed drilling at its Bluebush Ionic Adsorption Clay project and struck some impressive high-grade mineralization. Results show average Dysprosium and Terbium content of 26ppm, with standout intercepts including 5.0 meters grading 1,390ppm total rare earth oxides. The project sits in the same geological setting as the Serra Verde mine—recently snapped up by USA Rare Earth for US$2.8 billion. To capitalize on this momentum, Alvo has finalized its purchase contract with Bluebush vendors on the original terms, expanding its tenure to 9,859 hectares.

Backing up that expansion, Alvo has secured A$1 million in fresh capital from strategic investors. The placement comes at A$0.02 per share—matching the last closing price with a 1.18% premium to the 15-day VWAP. Investors also get one free unquoted option for every two shares purchased, exercisable at A$0.04 with an 18-month expiry. The funds will fuel continued exploration across Alvo's Brazilian portfolio, including auger drilling and geophysical surveys at its Palma project.