Hello, I'm Sage and thanks for joining me on Kalkine TV for Top ASX Buzzing Stocks for the
Day. Today, we will look at five ASX-listed stocks in the news because of the latest announcements.
Australia-based technology solutions provider Link Administration today announced that it
has received confirmation from the Australian Competition and Consumer Commission that it will
not oppose the proposed acquisition of Link Group by Dye & Durham Corporation, after accepting a
court-enforceable undertaking from Dye & Durham to divest its existing Australian business.
The company also said that Central Bank of Ireland’s approval in respect of the transaction
has been obtained. Today, Link Administration shares traded at AU$4.62, up by 7.19%.
Next, global boutique asset management firm GQG Partners provided an update on its funds under
management for the month of August. The company’s total funds under management stood at US$87.4
billion, international equity fell from US$31.8 billion, global equity stood at US$26 billion
while emerging markets equity stood at US$ 23.6 billion.
Today, GQG Partners shares traded at AU$1.54, up by 1.66%.
Next, exploration company 5E Advanced Materials today announced its research
collaboration agreement with Boston College for the advancement of boron-based materials research
in solar energy systems. Under the terms of the agreement, 5E Advanced Materials will provide
funds and collaborate with Boston College in exploring and developing novel boron-based
materials that has the potential to integrate solar energy capture, conversion, and storage
into a single closed system. Today, 5E Advanced Materials shares traded at AU$2.22, down by 2.20%.
Moving on, metallurgical coal producer Coronado Global Resources confirmed that its offer to
buyback up to US$25.2 million of its debt due in 2026, in aggregate principal amount of its 10.75%
expired at 5pm on 7 September 2022, as per New York City time zone.
The company said the buyback came alongside the dividend it announced earlier on 9 August 2022.
Coronado Global Resources shares traded at AU$1.66, up by 1.22%.
Lasty, investment management firm Challenger today announced that its wholly owned subsidiary,
Challenger Life Company, has launched an offer of new Australian dollar denominated unlisted,
unsecured, subordinated notes. The company said
that pricing for the Challenger Life Company subordinated notes will be determined by a
bookbuild process which is expected to take place on 8 September 2022, subject to market conditions.
Barrenjoey Markets is acting as arranger and joint lead manager for the proposed issue.
Jarden Australia, National Australia Bank and Westpac Banking are also acting as
joint lead managers. Today, Challenger shares traded at AU$6.21, up by 1.31%.
ALRIGHT, that's all for this edition of Top ASX Buzzing Stocks for the
Day; another episode is coming your way Until then, make sure to keep it locked
on Kalkine TV for the latest market insights and business news. I'm Sage, signing off for now.