Daily Roundup

CTP.ASX SGR.ASX GQG.ASX FDV.ASX ATA.ASX

A Busy Day for Australian Stocks: Key Announcements You Need to Know

Central Petroleum Delivers Solid Half-Year Results

Central Petroleum Limited (ASX:CTP) has reported an impressive set of results for the first half of the 2025 financial year. The company recorded an Underlying EBITDAX of $8.6 million, a 7% increase from the previous period. This strong performance was driven by the securing of new long-term gas sales agreements and the successful drilling program at the Mereenie field, which boosted production by 50%. Central also extended and restructured its loan facility, providing additional debt capacity for future growth. The company expects an even stronger second half, with the new gas contracts and continued production increases.

The Star Receives Unsolicited Funding Proposal from Bally's

In an interesting development, The Star Entertainment Group Ltd (ASX: SGR) has received an unsolicited, non-binding funding proposal from Bally's Corporation. Bally's is proposing a A$250 million capital raise in exchange for a majority stake in The Star. The proposal aims to preserve value for The Star's stakeholders, including regulators, creditors, and employees. The Star's board will review the proposal, but there is no guarantee it will be progressed.

GQG Partners Continues to Grow Funds Under Management

GQG Partners Inc. (ASX: GQG) has provided an update on its funds under management (FUM) as of the end of February 2025. The company reported total FUM of $160.5 billion, up from $160.4 billion in January. This increase was driven by net flows of $1.1 billion for the month and $2.8 billion year-to-date. GQG's diverse range of equity strategies, including International, Global, Emerging Markets, and U.S. Equity, continue to attract investor interest.

Frontier Digital Ventures Shakes Up Strategic Review

Frontier Digital Ventures Ltd (ASX: FDV) has made some changes to its ongoing Strategic Review. The company has terminated its engagement with RBC Capital Markets and has now appointed Barrenjoey Advisory Pty Limited as its new corporate advisor to continue the review. FDV has remained focused on building trading momentum in 2025 while progressing the Strategic Review.

Atturra Expands Global Reach with Kitepipe Acquisition

In a move to strengthen its Boomi services capabilities, Atturra Limited (ASX: ATA) has acquired US-based Kitepipe, a Boomi platinum partner. This acquisition will cement Atturra's position as a market leader for Boomi services and enhance its global operations, with Kitepipe's expertise and North American presence. The deal is expected to provide significant value to Atturra's clients and shareholders.