Daily Roundup

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A Busy Day in the Markets: Acquisitions, Outlook Updates, and Reinstatements

Resolute Mining Limited has completed the acquisition of the Doropo and ABC Gold Projects from AngloGold Ashanti. This deal, first announced in May, strengthens Resolute's gold portfolio in West Africa by adding two new projects to the company's asset base.

Over at Corporate Travel Management Ltd (ASX:CTD), the company has provided an update on its FY25 outlook. While the firm expects strong growth in its European operations, it has cited softer than expected revenue and EBITDA performance in North America and Asia due to economic and tariff uncertainty. As a result, the company now forecasts RoW revenue and EBITDA growth of around 5% and 10% respectively, versus previous targets. However, the company remains optimistic, reporting strong new client wins and maintaining a high client retention rate.

In other news, Beam Communications Holdings Limited (ASX: BCC) has announced a delay in the independent valuation of its ZOLEO joint venture. The final report from Secretariat Advisors is now expected beyond the previously anticipated May 5 release date, as the review process requires additional time.

Turning to the regulatory front, MedAdvisor Ltd (ASX: MDR) has been reinstated to official quotation on the ASX. This follows the company's successful application to the Federal Court of Australia to rectify an administrative oversight related to the late lodgement of a cleansing notice for placement shares issued in April. Trading in MedAdvisor's securities will resume immediately.

Finally, Smartpay Holdings Limited (ASX: SMP) has received a revised conditional, non-binding takeover proposal from an international strategic party to acquire the company for NZ$1.20 per share. Smartpay has entered an exclusivity agreement to progress this revised proposal, though cautions that there is no certainty the deal will result in a binding transaction.

It's been a dynamic day in the markets, with a mix of corporate developments, outlook updates, and regulatory matters keeping investors on their toes. As always, it's important to stay informed and consult with financial professionals when making investment decisions.