Daily Roundup

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Pinnacle Expands Metrics with Strategic Investment from Korean Pension Fund and Townsend Group

Pinnacle Investment Management Group has announced a strategic partnership that will see the National Pension Service of Korea (NPS) and Townsend Group acquire a 4.17% stake in Pinnacle's affiliate, Metrics Credit Holdings. The AUD$50 million investment will support Metrics' future growth initiatives, including potential acquisitions and new investment strategies.

Pinnacle Managing Director Ian Macoun welcomed the new partnership, stating that it aligns with the company's plans to continue growing Metrics and deliver on the multiple opportunities ahead. As one of the world's largest pension funds, NPS's involvement, along with that of real estate investment specialist Townsend Group, underscores the confidence in Metrics' capabilities and growth potential.

Top End Energy Selects First Well Site for Serpentine Natural Hydrogen Project

Over in Kansas, Top End Energy has made progress on its Serpentine Natural Hydrogen Project, selecting the first well location for exploration. The site was chosen based on structural features and data from Koloma's recent drilling in the natural hydrogen fairway.

Top End is now securing surface use agreements with landowners to enable site surveying and road access. Well engineering is also underway, targeting a depth of 5,500 feet in the Precambrian basement. Vice President Luke Velterop expressed excitement about the insights from Koloma's nearby wells, which will help refine Top End's drilling plans.

Johns LYNG Group Responds to ASX Aware Letter

Johns LYNG Group has responded to an ASX Aware Letter, stating that its first-half 2025 earnings did not differ materially from market expectations. The company noted that the variance between its updated full-year 2025 guidance and consensus forecasts was around 4.5% for EBITDA and 5% for revenue, which it deemed immaterial.

JLG confirmed it has adequate internal systems and a Market Disclosure Policy to ensure prompt reporting of price-sensitive information, in compliance with ASX Listing Rules.

Anteris Technologies Reports 2024 Results, Provides Corporate Update

Medical device company Anteris Technologies has reported its full-year 2024 financial results, which saw a 1% decline in revenues to $2.7 million and a 66% increase in net loss to $76.3 million. However, the company's net tangible assets grew to $1.74 per share.

Anteris also provided a corporate update, highlighting key achievements such as a successful $88.8 million U.S. IPO on Nasdaq, continued preparations for the pivotal study of its DurAVR® Transcatheter Heart Valve, and positive patient data to support the Investigational Device Exemption submission. The company concluded 2024 with a strong cash position of $70.5 million as it advances towards the pivotal trial in 2025.

Nine Entertainment Appoints New CEO

In a leadership change, Nine Entertainment has appointed Matthew Stanton as its new Chief Executive Officer and Managing Director, effective immediately. Stanton has been acting in the CEO role since October 2024 and previously served as Nine's Chief Strategy Officer, joining the company in 2022.

Stanton is an experienced commercial leader with a strong track record of leading transformation programs across various sectors, including media, food and beverage, and retail. Nine Chair Catherine West highlighted Stanton's strategic and commercial acumen, transformation experience, and collaborative approach as key factors in his appointment.

Stanton expressed his honor and privilege in leading the talented team at Nine, and his commitment to continuing the company's strategic and cultural transformation.