Live: ASX up 0.1pc after Wall Street’s flat end to the week

by Admin
October 27, 2024

It’s very busy week on the corporate calendar with a deluge of AGMs stretching from Dublin (Oneview Healthcare) to Auckland (Spark and many others) with a bit of corporate reporting thrown in for good measure.

Macquarie Group posts its half year results on Friday, while global packaging group Amcor releases first quarter results, also on Friday.

Some things to watch out for include a couple of challengers to the ASX board (probably won’t succeed) and BHP holds its Australian AGM in Brisbane on Friday and might field some curly questions on the compensation payout and other legal challenges from the 2015 Brazilian mine disaster.

BHP AGMs often attract protests outside, as do Whitehaven Coal meetings (Wednesday).

Speaking of protests, Woolworths (Thursday) has received a resolution from shareholders to cease sourcing salmon for its Own Brand line from Tasmania’s Macquarie Harbour.

Given the resolution is supported by 0.004% of Woolworths shares on issue, the resolution faces a battle to get up, although Woolies says it supports Federal and State Government reviews of fish farms in Macquarie Harbour and the oxygenation project being developed there.

Below is an exhaustive (and exhausting) list of AGMs this week, lifted from shareholder activist Stephen Mayne’s Mayne Report website.

Mon: Siteminder (9am, hybrid), ASX(10am, hybrid), Southern Cross Gold (11am, physical only, Melbourne), Temple Webster (11am, physical only, Sydney), Polynovo (1pm, hybrid)

Tue: Ansell (9am, hybrid), CSL (10am, hybrid), Trajan Corp (10am, online only) Credit Corp (10am, physical only, Sydney), Kelsian (10am Adelaide time, physical only), Amaero International (11am, hybrid), Vicinity Centres (11am, hybrid), McMahon Holdings (9am Perth time, hybrid), Southern Cross Electrical (9am Perth time, physical), Intelligent Monitoring Group (2pm, physical only, Sydney)

Wed: Bega Group (9:30am, hybrid for questions, not voting), Whitehaven Coal (10am, physical, Sydney), BHP (10am Brisbane time, physical), Data 3 (10am Brisbane time, hybrid), Heartland Group (2pm Auckland time, hybrid), Peet (10am Perth time, physical), Civmec (1:30 AEDT, hybrid from Singapore), Charter Hall (2pm, physical, Sydney), Dexus (2pm,hybrid) Universal Store Holdings (2pm Brisbane time, physical), Fleetwood (3pm, hybrid), Oneview Healthcare (8pm online from Dublin)

Thu: Sky City Entertainment (9am AEDT, hybrid from Auckland), Woolworths (10am hybrid), AUB Group (10am, physical, Sydney), Austco Health (10am, hybrid), Pioneer Credit (10am, online only), Navigator Global Investments (10am, hybrid), Compumedics (10:30am, hybrid), JB Hi Fi ( 10:30am, hybrid), Eureka Group (10am Brisbane time, physical), 360 Capital (12pm Sydney time, physical), Wesfamers (1pm Perth time, hybrid)

Fri: Spark NZ (10am Auckland time, hybrid) E&P Financial (9am, hybrid -basically a vote on delisting), Steadfast (10am, hybrid), Cobram Estates (10am, hybrid), Austal (2pm Perth time, physical)