Daily Roundup

SHV.ASX JLG.ASX APE.ASX FID.ASX AYA.ASX

Almond Producer Select Harvests Provides 2025 Update

Select Harvests Ltd, one of Australia's leading almond producers, has shared an update on its 2025 crop and financial position. While the 2025 crop size came in at 24,700MT, slightly below the midpoint of forecasts, the company was able to achieve higher-than-expected pricing, with an average price of A$10.14/kg to A$10.20/kg.

This improved pricing, combined with a 50% reduction in net debt to A$80 million, has put Select Harvests in a strong financial position. The company remains focused on operational cost control, with production costs held flat for the year. Looking ahead, the 2026 crop bloom was generally positive, despite industry challenges around bee shortages and cross-border movement restrictions.

Overall, Select Harvests is well-positioned to continue growing, processing, and selling almonds efficiently for the benefit of shareholders. The company expects the positive macro environment for almonds to continue in the coming years.

Johns Lyng Group Announces Scheme of Arrangement

Johns Lyng Group Limited (ASX:JLG) has announced a notice of hearing to approve a proposed scheme of arrangement. Under the scheme, Sherwood BidCo Pty Ltd will acquire 100% of JLG's issued shares.

Shareholder meetings have been scheduled for 8 October 2025, where investors will consider and vote on the scheme. Subject to shareholder approval, the court hearing to finalize the scheme is set for 13 October 2025. Any JLG shareholder has the right to appear and be heard at the court hearing, and may oppose the scheme's approval.

Eagers Automotive Raises A$452 Million

Eagers Automotive Ltd (ASX:APE) has announced a A$452 million partially underwritten equity raising. This includes a A$143 million institutional component and a A$50 million strategic placement to Mitsubishi Corporation. The remaining A$309 million will be raised through a retail entitlement offer.

The new shares will be issued at A$21.00 each, representing a 28.4% discount to the last traded price. Eagers' major shareholder, Nick Politis and associated entities, have committed to subscribe for 100% of their pro-rata entitlement.

Fiducian Group Responds to ASIC Action

Fiducian Group Limited (ASX:FID) has announced that its subsidiary, Fiducian Investment Management Services Limited (FIMS), is facing civil proceedings commenced by the Australian Securities and Investments Commission (ASIC) in the NSW Supreme Court.

The allegations relate to misleading statements in the product disclosure statement and compliance failures regarding the Fiducian Diversified Social Aspirations Fund. FIMS is reviewing the court documents and cooperating with ASIC's investigation. The fund ceased operations in May 2024 due to a lack of scale.

Artrya Completes Successful Share Purchase Plan

Medical technology company Artrya Limited (ASX:AYA) has successfully completed its Share Purchase Plan (SPP), raising approximately A$5 million from eligible shareholders. The SPP was significantly oversubscribed, with eligible applications totaling around A$8.7 million.

The new shares were issued at A$2.05 each, the same price as Artrya's A$75 million placement announced in September 2025. The strong support for the SPP follows the successful placement, offering all eligible shareholders the opportunity to acquire shares at the same price.