Senate to reconsider R&D tax incentive The Senate sits this week and is likely to reconsider the government’s controversial R&D tax incentive reforms which are similar to those previously opposed even by Coalition senators. The government responded to Senate concerns with a slightly modified bill in December, however the changes have not allayed the concerns…
By Peter Roberts Defence, space and communications group Electro Optic Systems (ASX: EOS) has raised $85 million from investors and shareholders, confirming investor appetite for progressive manufacturers. The company announced it had raised $17 million – $10 million more than initially sought – in a share purchase plan from existing shareholders. This came on top…
Three Australian dairy infant and nutritional foods companies have announced links which deepen their access to the growing Chinese consumer market. Wattle Health Australia (ASX: WHA), Bubs Australia (ASX: CUB), and Jatenergy (ASX: JAT) have found strategic partners to open new distribution channels in what is the world’s largest market for nutritional dairy products. Wattle…
Comment by Peter Roberts The stock market is often likened to a casino. This is especially true in Australia where most active companies on the ASX are mining minnows, all competing for attention with their latest discovery. Cyclically this market burns white hot, and the white shoe brigade bids up the prices of penny stocks…
Milk and infant formula producer Bellamy’s Australia (ASX: BAL) has reacted favourably to a $1.5 billion takeover offer launched from the fast-growing China market. The company’s board was unanimous in recommending shareholders vote in favour of a $13.25 per share deal, comprised of $12.65 in cash and a 60 cents per share dividend. Shares in…
