News Articles for Euroz Hartleys

SPECIAL REPORT: Lithium stocks led by Pilbara Minerals and Galaxy Resources have seized the opportunities presented by the commodity's surge.

Fifteen local broking, legal and advisory firms have teamed up to put forward their concerns with the ASX's proposed changes to its listing requirements, and to advocate three particular amendments.

Subiaco-based Australis Oil & Gas has lodged its prospectus for a $30 million initial public offering, with plans to list on the ASX within a month.

Perth-based Seafarms Group has received firm commitments for a $10 million capital raising to fund ongoing work at its $1.45 billion Sea Dragon prawn aquaculture project in the Northern Territory.

Local junior miners Marindi Metals and Agrimin have announced plans to raise a combined $5.5 million to fund ongoing work at their respective projects.

Six mining and energy companies have announced plans to raise a combined $98.1 million to fund ongoing work at their respective projects.

Junior explorers Coventry Resources, Metals of Africa and Consolidated Zinc have tapped investors to raise a combined $13.7 million to fund ongoing development of their respective projects.

The worst might be over for many of the state's mining services businesses, as they seek to bounce back from the effects of the slowdown in resources project development.

Junior miner Orecorp has raised $16.2 million from investors to fund development of its Nyanzaga gold project in Tanzania.

Local explorer Capricorn Metals has raised $12.6 million from investors to fund development work on its recently acquired Karlawinda gold project near Newman.

The gold sector has continued to be positive for investors and stockbrokers, with a $12.5 million capital raising announced today by West African Resources adding to more than $150 million worth of deals launched by Western Australian companies this year.

The board of local seafoods business Mareterram intends to accept a $19.7 million proportional takeover offer from the company's largest shareholder.

Local company Talisman Mining has tapped investors for a $16.7 million capital raising to fund ongoing exploration at its Springfield copper-gold project in the Murchison region.

SPECIAL REPORT: How does a tech startup in Northbridge backed by a mining consultancy in West Perth manage to secure work on the world's largest privately funded infrastructure project, in Nicaragua? Business News profiles how CSA Global, Lycopodium, OTOC and PwC have chased diversification strategies.

SPECIAL REPORT: Livestock exporter Wellard has had a rocky start to life as a listed company after completing Western Australia's second-largest capital raising of 2015, and the state's sixth-largest initial public offerings of all time. Wellard's $299 million IPO was one of the few high points of 2015, when a lack of mining deals led a sharp slide in overall capital raising activity.

Stockbroker Andrew Frazer is planning to keep together his 12-strong team in Perth and Sydney, after current backer GMP Securities announced a major restructuring of its international operations.

The team behind Western Australian success story Aurora Oil & Gas has quietly completed a $24 million private placement, the first capital raising for their new oil and gas play, three months after acquiring their first assets in Portugal.

A local seafoods business led by Peter Hutchinson and David Lock has had a positive debut on the ASX, after raising over $18 million from investors and completing a major corporate restructure.

Kalgoorlie-based Goldfields Money has named former broker Simon Lyons as its new chief executive, concluding a lengthy board renewal process, which began three years ago when the company listed on the ASX.

Perth technology company Hazer Group wrapped up its first day of trading on the ASX, after completing a $5 million initial public offering.

South African fishing company Sea Harvest Group has committed to take its maximum possible entitlement under a planned $16 million-plus capital raising by Perth company Style.

Geospatial company Spookfish has raised $6 million from investors to fund development of its next generation technology.

A difficult 2015 financial year for the Western Australian economy has flowed through to a soft performance for the state's listed money managers, according to BNiQ research, with the biggest player considering a restructure to diversify its income sources.

Style chairman Peter Hutchinson has boosted his fledgling seafood business with the recruitment of experienced agribusiness executive David Lock as managing director.

Perth-based mining services company Imdex today announced two capital raisings with a $28 million placement and $7 million share purchase plan.

Balcatta-based drilling services company Imdex has confirmed reports it is seeking to undertake a $35 million capital raising to pay off debt, while also announcing a net loss of $22.5 million for the 2015 financial year.

Leonard Math has been re-appointed as a non-executive director as a casual vacancy at Kangaroo Resources Limited.

A listed company led by Forge Group founder Peter Hutchinson and former AFL footballer James Clement has announced its second acquisition this year, adding Craig Mostyn Group's food services division to an earlier seafood deal.

Perth-based NWQ Capital Management has been selected by Yellow Brick Road to manage a new protected equities fund that it will seek to operate as a ‘hedge fund for retail investors'.

Euroz has announced its second expansion move in the funds management sector in the space of a week, with the launch of a partnership with Melbourne-based Flinders Investment Partners.

Euroz has halved its dividend after recording a $7.1 million net loss for the 2015 financial year, on the back of poor performance in its investment arm and modest profits in its stockbroking division.

Local aquaculture firm Seafarms Group has announced plans to raise up to $16.6 million, with major shareholders Ian Trahar and Paul Favretto committing to a large portion of the raising.

Brokerage firm Euroz is expanding its funds management offering, with the acquisition of Perth-based Entrust Private Wealth Management for around $7.8 million.

The Michael Ruane-led minerals explorer Reward Minerals has received firm commitments for a $5.2 million capital raising to fund ongoing work at its LD potash project in the Little Sandy Desert.

With the takeovers of iiNet and Amcom Telecommunications heading into the final stretch, the investment bankers and other advisers that worked on these deals will be looking forward to a very handy pay day of more than $40 million.

Forge Group founder Peter Hutchinson is planning to move into agribusiness, with ASX-listed Style announcing the $20 million acquisition of Nor-West Seafoods.

Former GMP Securities managing director Karl Paganin has joined the board of Southern Cross Electrical Engineering, after half of the company's board walked out last month.

Troy Resources has announced a $40 million capital raising to fund exploration and development of its Karouni gold project in Guyana.

Sino Gas & Energy Holdings has completed an $80 million capital raising to fund a development plan for its onshore gas projects in China.

Hartleys has lifted funds under management above $1 billion for the first time, a milestone that new chairman Ian Parker believes will help the stockbroking firm weather the current downturn in resources.