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<WIRE> Jefferies raises price target on Readytech Holdings (ASX:RDY)

ReadyTech Holdings' (ASX:RDY) research and development (R&D) capitalisation has peaked, according to analysts at Jefferies.

They predict it will moderate back to historical averages in the future.

The brokerage has increased the price target for RDY to A$4.30 per share from A$3.80 per share, while maintaining the ‘buy’ rating.

From the FY23 results, the company has projected a decline in labour capitalisation from approximately 16% in FY23 to a steady drop to 12%-13% by FY26.

Jefferies forecasts this decrease in labour capitalisation to result in a reduction of R&D capitalisation from 58% in FY23 to 40% in FY26.

Six out of six analysts rate the stock as ‘buy’ or higher, as per LSEG data.

So far this year, RDY stock has risen 8.8% as recorded at the last close.

ReadyTech Holdings is a company specializing in everything from careers, to workforce, to the role of technology in shaping the world of work.


<WIRE> Jefferies Optimistic about Qube Holdings (ASX:QUB) Earnings Growth in FY24

Brokerage Jefferies predicts a rise in Qube Holdings (ASX:QUB) earnings in FY24 due to the diversified nature of the Australian logistics company.

They assert that co’s container volumes in August matched expectations.

Qube Holdings (ASX:QUB) is chalked to prosper powerfuly in FY24 to reverse the anticipated 1H24 weakness in jointly-owned container terminal operator, Patrick, as well as the A$40-A$45 million of extra net interest costs in FY24, according to Jefferies.

They have sustained the Price Target (PT) at A$3.98 with a ‘buy’ rating.

Qube Holdings’s (ASX:QUB) value has risen by 1.78% Year To Date (YTD), as per the previous close.

Qube Holdings is an Australian logistics company with a diverse business portfolio.




<WIRE> Ning Yue Appointed as Executive Director and Co-Vice Chairman of Yancoal Australia (ASX:YAL)

Yancoal Australia (ASX:YAL) has announced the appointment of Ning Yue as an Executive Director and Co-Vice Chairman.

It was also disclosed that Ning Zhang stepped down from his role as an Executive Director and Co-Vice Chairman of the board.

Yancoal Australia is an integrated mining company that is engaged in thermal coal production, sales, and associated product logistics.


<WIRE> Pro Medicus (ASX:PME) Analysts Raise Target Price After $90 Million Contract Win

Australia’s healthcare informatics firm Pro Medicus (ASX:PME) is witnessing a rise of 0.9% to a record high of A$80.71, following a 12% surge earlier the week, consequent to a A$140 million ($90 million) contract win.

Key players like Morningstar, Jefferies and Bell Potter have increased their price targets on the company’s largest-ever contract.

Morningstar has upped its price target to A$33.50 and has forecasted a mid-cycle 71% EBIT margin by FY33.

Jefferies has escalated its price target to A$82 from A$71, attributing its decision to anticipated growth in the cardiology business which is expected to increase revenue by 2%-6% in the coming years.

Bell Potter has also elevated its price target to A$75 from A$70, expressing confident expectations that FY24 earnings are unlikely to disappoint.

According to London Stock Exchange group data, the median price target of the 12 analysts covering Pro Medicus (ASX:PME) currently stands at A$75.

Lastly, PME was last up 0.4% at A$80.30, bringing year-to-date gains to 45.3%.

Pro Medicus (ASX:PME) is a leading healthcare informatics firm providing radiology and imaging solutions.


<WIRE> Tennant Minerals (ASX:TMS) Gains on New Drilling Program

Shares of Tennant Minerals (ASX:TMS) surged 14.3% to A$0.032.

This increase indicates the company’s strongest performance since June 20, should the current gains maintain their trajectory.

The company, a diversified miner, announced the commencement of a new drilling program at the Bluebird discovery in the Northern Territory.

The drilling program expects to triple the footprint of the copper-gold mineralized zone at the Bluebird discovery.

Despite today’s surge, Tennant Minerals (ASX:TMS) has seen a 24.5% decline in stock value for the year-to-date, reflecting values, as of the last closing.

Tennant Minerals is a diversified mining company focusing on copper and gold exploration.


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<WIRE> Kingsland Minerals (ASX:KNG) Makes Notable Intraday Surge After Gallium Discovery

Shares for Kingsland Minerals saw an increase of 8.5%, going up to A$0.255, making their most substantial daily percentage escalation since September 5.

The surge came after the mining firm discovered promising gallium assays with strong grades spanning significant widths at its Leliyn graphite project in the Northern Territory.

Leliyn is gradually becoming a significant graphite resource, with intercepted mineralisation spanning a 5 kilometer corridor, as per the company’s statement.

Furthermore, Kingsland Minerals recently submitted a sample of graphitic schist for graphite metallurgical test-work from the project.

Kingsland Minerals stock has experienced a 56.7% rise year to date as per the last close.

Kingsland Minerals is a mining company focussed on the exploration and production of various mineral resources.


<WIRE> Anax Metals (ASX:ANX) Hits Near 3-Year Low on Discounted Entitlement Offer

Anax Metals (ASX:ANX) shares dropped sharply, slipping as much as 12.5% to A$0.035, its lowest level since November 2020.

The dip in the Australian explorer’s shares is said to be triggered by the company’s announcement of a A$5.0 million non-renounceable entitlement offer.

Contrary to a rise, the issue price of A$0.035 per share is expected to suggest a 12.5% discount to the stock’s last closing.

It appears that the collected funds are slated to be appropriated towards its Whim Creek Project, located in Western Australia, and for lithium exploration.

Consequently, the stock is currently experiencing a decline, recording a drop of 24.5% for the year to date, measured as of the last close.

Anax Metals is an Australian based company focused on mineral exploration.



<WIRE> Solstice Minerals (ASX:SLS) Gains Following Exploration Licenses Sale

Shares of Australian mineral exploration company, Solstice Minerals (ASX:SLS) experienced a rise of as much as 7.41% to A$0.145.

This represents the largest intraday percentage gain since September 12.

Since September 19, Solstice Minerals (ASX:SLS) has achieved its highest level.

Solstice Minerals (ASX:SLS) recently signed a tenement sales agreement to sell four exploration licenses in the southern Yarri area of Western Australia to Marquee Resources.

As of this writing, approximately 194,117 shares have been traded, in comparison to the 30-day average volume of 53,053.

Despite the day’s gains, the stock has declined 30.8% this year.

Solstice Minerals (ASX:SLS) is a Australian mineral exploration firm based in Western Australia.


<WIRE> Widgie Nickel (ASX:WIN) Shares Rise on Faraday Lithium Project Update

Shares of Widgie Nickel (ASX:WIN) saw a significant rise of as much as 10.5% to A$0.210, anticipating to mark their best trading day since January 5, if the gains persist.

The surge followed the satisfaction of all requisites needed for the commencement of mining operations at Widgie Nickel’s Faraday Lithium project in Western Australia.

The company anticipates that an updated mineral resource estimate for the project will result in a significantly higher lithium grade.

Notably, the company shares reached their highest levels since September 19 last year.

However, the WIN stock marked a 42.4% decrease year-to-date, as of the last close.

Widgie Nickel is a lithium exploration company focusing its operations in Western Australia.