1 October we become SureStone CapitalSame team, same ABN. Our website and email addresses move to surestone.com.au.
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Charter Hall (ASX:CHC) says capital inflows have surged to a record $6.5-billion dollars. It has upgraded its fiscal 2026 operating earnings guidance for a second time, lifting expected earnings to $1.03 a security from $1. The property giant said funds under management had climbed to nearly $75-billion from nearly $72-billion at the end of December. Charter Hall said the revised guidance represented nearly 27 per cent growth on fiscal 2025 earnings and reflected continued momentum in its property funds management and investment divisions.
Beach Energy (ASX:BPT) will sell its 60 per cent stake in a permit in the Otway Basin, including the Artisan gas discovery, in a deal valued at about $130 million after tax. The agreement with Amplitude Energy (ASX:AEL) and O.G. Otway includes $70 million in upfront cash and royalty payments estimated at $140 million over the life of the field based on current contingent resources. Amplitude Energy will buy 50 per cent of the Artisan gas field from Beach Energy for 58.3 million dollars upfront, plus future royalties.
Coronado Global Resources (ASX:CRN) will sell its Logan mining complex in West Virginia to Phoenix Coal Holdings as the metallurgical coal producer moves to cut costs and shed future liabilities. Coronado said the sale would be free cash flow positive by eliminating ongoing care and maintenance expenses, allowing the company to focus capital on its core metallurgical coal operations.
Fortescue Metals (ASX:FMG) says former chief executive Elizabeth Gaines has resigned as an executive director. She will leave the board at the end of June. Sigrid Kaag will be appointed to the board as a non executive director. She served in senior roles in the Netherlands Government.
