Daily Roundup

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Webjet Group Faces Shareholder Requisition for General Meeting

Webjet Group Limited (ASX:WJL) has received a notice from one of its shareholders, Portfolio Services Pty Ltd, requesting a general meeting. The purpose is to consider appointing two new directors and removing any recent directors. Portfolio Services holds around 5% of Webjet's shares, with support from investment firm BGH Capital, which holds 12.10% of the company.

Raiz Invest Shines at ASX Small & Mid-Cap Conference

Raiz Invest Ltd (ASX:RZI), a leading Australian wealth platform, presented at the ASX Small & Mid-Cap Conference, highlighting its impressive growth. Raiz now has 333,866 active customers and $1.95 billion in funds under management. The company has won numerous awards for innovation and customer satisfaction, and its strategic partnership with State Street Investment Management is expected to drive further expansion. Raiz forecasts FY26 underlying EBITDA in the range of $4.5 million to $5.5 million, supported by continued growth in active customers, funds under management, and net flows.

Deterra Royalties Optimizes Portfolio with $60M Asset Sale

Deterra Royalties Ltd (ASX:DRR) has agreed to sell its non-core gold offtake assets and gold royalties over the St Ives and Dandoko projects for a total consideration of US$60 million (approximately A$91 million). The after-tax proceeds will be used to reduce Deterra's net debt, providing further balance sheet flexibility as the company focuses on building a diversified mining royalty portfolio to complement its cornerstone Mining Area C (MAC) royalty.

Cash Converters Presents Diversified Global Growth Story

Cash Converters International Limited (ASX:CCV) presented at the ASX Small & Mid Cap Conference, showcasing its global network of 659 stores across 15 countries. The company is delivering diversified earnings through its lending and repurposed retail operations, focusing on longer-term products with lower borrowing costs and reducing loss rates. Cash Converters reported strong FY25 financial results, with revenue of $385.3 million and operating NPAT of $25.1 million, and is focused on scaling its new loan books, acquiring franchise stores, and rolling out luxury-only store formats.

Atomos Increases Debt Facility to Support Growth

Atomos Limited (ASX:AMS) has increased the limit on its existing debt facility with Monreii Pty Ltd by $2.0 million, resulting in a total facility limit of $15.7 million. Atomos Chair James Joughin expressed gratitude for the ongoing commitment and support from Executive Director and CEO Peter Barber, noting the company's recent operational and strategic changes and an exciting new product roadmap.