1 October we become SureStone CapitalSame team, same ABN. Our website and email addresses move to surestone.com.au.
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Austal (ASX: ASB) has been officially approved as Australia's strategic shipbuilder. Austal has finalised its agreement with the Federal Government which will appoint a newly created Special Purpose Vehicle and Austal subsidiary, Austal Defence Shipbuilding Australia. Austal CEO Paddy Gregg says the government’s approval of the SSA is a defining moment for Austal....and reflects both Austal’s excellent defence shipbuilding record and the capabilities that Austal possesses to help the Australian Government to achieve its defence objectives."
And Electro Optics Systems (ASX: EOS) has had a major contract win - securing an order valued at $125 million dollars from a NATO nation state. This is the world's first order for a 100 kilowatt laser defence system....the drone defence system is based on a new type of high powered laser. EOS says the system aims to defend against drone swarm attacks at an economical cost.
Telix (ASX: TLX) shares are plunging ...after warning of higher operating expenses in the first half. Shares have hit a one year low ...Telix says its US operations have expanded significantly -- following a number of acquisitions -- leading to operating expenses around 36% of revenue in the first half.
Credit Corp 's (ASX: CCP) full year profit has risen 16% to $94.1 million, off the back of strong earnings growth in its consumer lending business and earning from its US debt buying segment. The US division saw a 12% increase in collections and a 28% boost in productivity, enabling the group to secure a record $164 million investment pipeline for fiscal year 2026. Credit Corp has said while market conditions remain uncertain, collection performance had held steady over the past 18 months, and it expects further purchasing opportunities in the year ahead. Consumer lending profit after tax was up 31% to a record $54.3 million, with its loan book growth up 5% to a record closing balance of $466 million. The company has also branched out to begin lending in the UK and has launched its Wizit digital credit card as part of a push to diversify earnings. Credit Corp is guiding to a FY26 profit of $100 to $110 million, implying growth of up to 17%. It will pay a final dividend of 36 cents a share.
