Daily Roundup

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Genus Expands Rail Services with Railtrain Acquisition

Genus Plus Group Limited (ASX: GNP) has entered into a binding agreement to acquire 100% of Railtrain Holdings, a nationally diversified rail services provider. The upfront consideration is A$36.5 million in cash, with potential contingent payments of up to A$18.5 million over the next two years based on Railtrain achieving EBITDA targets.

Railtrain is expected to generate pro-forma normalized revenue of approximately A$96 million and EBITDA of around A$16 million in the 2025 financial year. The acquisition will add critical scale, diversification, and national presence to Genus' existing rail business, as well as expanding its service capabilities in the sector. Railtrain's existing management team will continue to lead the business.

Cue Responds to Horizon Takeover Offer

Cue Energy Resources Limited (ASX:CUE) has responded to Horizon Oil's announcement of its intention to make an off-market takeover offer for the company. Cue has appointed an Independent Board Committee to evaluate and respond to the proposed offer, and has advised shareholders not to take any action at this stage.

The Horizon Takeover Offer comprises A$0.008 in cash and 0.5625 Horizon shares for each Cue share. The IBC, together with independent advisers, is currently assessing the offer and will keep shareholders informed as appropriate.

Endeavour Group Delivers Solid Half-Year Results

Endeavour Group Limited (ASX:EDV) has reported its FY26 half-year results, with the company's Retail division seeing sales momentum build as customers respond positively to lower prices. Dan Murphy's and BWS delivered 2.2% sales growth in Q2, including a record December. The Hotels business also performed well, with 4.5% sales growth in Q2.

The Group's Underlying EBIT of $563 million was at the upper end of previous guidance. Endeavour is focused on restoring unrivaled price leadership in Dan Murphy's, driving differentiation across its retail brands, and accelerating investment in the Hotels network. The company expects FY26 capital expenditure of $460-$500 million and finance costs broadly in line with FY25.

Straker Announces Co-CEO Appointments

Straker Ltd (ASX:STG) has announced a strategic leadership transition, with David Sowerby and Indiver Nagpal appointed as Co-CEOs. Founder and current CEO Grant Straker will transition to a Non-Executive Director role, chairing the newly established AI and Technology Board Committee.

The Co-CEO appointments reflect Straker's focus on commercial acceleration and technological superiority as it scales its AI-driven translation services globally. David Sowerby will lead global commercial operations and market expansion, while Indy Nagpal will drive the technical vision and product development.

Mach7 Completes Share Buy-Back

Mach7 Technologies Limited (ASX:M7T) has completed its on-market share buy-back program, purchasing a total of 6,273,000 shares for $2,236,019.43 at an average price of $0.3501 per share. The buy-back program was originally announced in January 2025 and has now concluded.

Mach7 is a leading provider of medical imaging software, delivering advanced data management and diagnostic viewing solutions to healthcare organizations worldwide. The completion of the buy-back program reflects the company's commitment to delivering value for shareholders.