Daily Roundup

MYG.ASX HDN.ASX HCW.ASX BCC.ASX SDF.ASX

Mayfield Secures Major New Contract

Mayfield Group Holdings Ltd has secured a significant $20 million contract to deliver 18 modular power distribution centres for a major Data Centre operator, along with $3.2 million in new contracts across other sectors. This has increased their work-in-hand to a remarkable $108 million, extending into the 2027 financial year. Mayfield is confident in its prospects and remains committed to its Australian manufacturing and technology-driven strategies.

Homeco Daily Needs REIT Announces Dividend

Homeco Daily Needs REIT has announced a dividend of AUD 0.02125000 per unit, with an ex-date of 28/3/2025, record date of 31/3/2025, and payment date of 22/5/2025. A full Dividend Reinvestment Plan (DRP) is available for shareholders.

HomeCo Daily Needs REIT Declares March 2025 Distribution

HomeCo Daily Needs REIT has declared a quarterly distribution of 2.125 cents per unit for the period from 1 January 2025 to 31 March 2025. The Distribution Reinvestment Plan is activated for this distribution, and key dates and payment details have been provided.

HealthCo REIT Suspends Q1 2025 Distribution

HealthCo Healthcare and Wellness REIT has announced that it will not declare a quarterly distribution for the period 1 January 2025 to 31 March 2025. This decision was made to preserve balance sheet flexibility and ensure continuity of essential healthcare services.

Beam's MD signs new cost-cutting contract

Beam Communications has successfully renegotiated the employment contract of its Managing Director, Michael Capocchi, delivering material cost savings of at least ~$240K per year. The new contract includes a 10% cut in base salary and superannuation, removal of bonuses and incentives, and no options, while also introducing a performance-based incentive linked to the ZOLEO joint-venture sale.

Steadfast Group Hosts Investor Presentation

Steadfast Group hosted an investor presentation covering updates across its broking, underwriting, and subsidiary businesses. Key highlights included strong financial performance, strategic initiatives, and a focus on margin improvement and operational excellence. The group is forecasting its QIB Group subsidiary to exceed $85 million in revenue by the end of FY25, with a 35.5% EBITA margin in FY24. Steadfast Group is focused on driving organic growth, pursuing strategic acquisitions, and continuously improving its operations and technology to support its broker network and enhance profitability.