As of the close on Friday, $S&P/ASX 200(XJO.AU)$ closed at 8,511.40 on Friday, down 0.25% in the past 5 days.
1. $Domino's Pizza Enterprises Ltd(DMP.AU)$ +19.41%
Domino's Pizza Enterprises Ltd shares are rocketing on Friday morning.
Investors have been buying the company's shares this morning after responding positively to the release of a big update. According to the release, Domino's first half sales were down 2.9% over the prior corresponding period and same store sales were down 0.6%. This was driven largely by foreign exchange headwinds and store closures.
The ASX 200 share's underlying net profit before tax is expected to be between $84 million and $86 million. While this will be down from $89.6 million in the prior corresponding period, it is within the company's guidance range. Some good news is that there are signs that the tide could be changing with same store sales up 4.3% during the first five weeks of the second half.
2. $COLLINS FOODS LTD(CKF.AU)$ +10.74%
Collins Foods Is Doing The Right Things To Multiply Its Share Price.
For those who don't know, ROCE is a measure of a company's yearly pre-tax profit (its return), relative to the capital employed in the business. The formula for this calculation on Collins Foods is: Return on Capital Employed = Earnings Before Interest and Tax (EBIT) ÷ (Total Assets - Current Liabilities)The company also reported $517 million in institutional FUA net inflows.
Therefore, Collins Foods has an ROCE of 9.2%. Even though ROCE is still low in absolute terms, it's good to see it's heading in the right direction. The numbers show that in the last five years, the returns generated on capital employed have grown considerably to 9.2%. Basically the business is earning more per dollar of capital invested and in addition to that, 22% more capital is being employed now too. The increasing returns on a growing amount of capital is common amongst multi-baggers and that's why we're impressed.
3. $LYNAS RARE EARTHS LTD(LYC.AU)$ +9.48%
Lynas Rare Earths Announces Change in Substantial Shareholder Interests.
Lynas Rare Earths Limited is a company operating in the rare earths industry, focusing on the extraction, processing, and supply of rare earth materials. These materials are crucial for various high-tech applications, including electronics, renewable energy, and defense sectors.
Lynas Rare Earths Limited has announced a change in the interests of its substantial shareholders. The notice was filed by Hancock Prospecting Pty Ltd and associated parties, indicating that Bianca Hope Rinehart, as trustee of the Hope Margaret Hancock Trust, holds an 8.21% interest in Lynas’ fully paid ordinary shares. This change reflects the ongoing adjustments in shareholder positions within the company, which could impact its market dynamics and stakeholder interests.
4. $REGIS RESOURCES LTD(RRL.AU)$ +7.19%
Regis Resources’ revolving $300 million facility.
Regis Resources has established a $300 million revolving credit facility just weeks after repaying a syndicated loan facility ahead of the 30 June 2025 maturity date of the same value.
The company says in order to provide additional flexibility and liquidity, Regis has established another credit facility, which it says has competitive terms and underpins the company’s strong business fundamentals and attractive outlook.
5. $SiteMinder Ltd(SDR.AU)$ +6.67%
SiteMinder Insider Lowered Holding By 90% During Last Year.
Over the last year, we can see that the biggest insider sale was by the insider, Leslie Szekely, for AU$85m worth of shares, at about AU$6.10 per share. That means that an insider was selling shares at below the current price (AU$6.11). When an insider sells below the current price, it suggests that they considered that lower price to be fair. That makes us wonder what they think of the (higher) recent valuation. However, while insider selling is sometimes discouraging, it's only a weak signal. We note that the biggest single sale was 90% of Leslie Szekely's holding. Leslie Szekely was the only individual insider to sell over the last year.
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