The ASX has communicated to all market participants of an industry-wide ASX settlement failure that occurred on Friday the 20th of December. This failure has meant that CHESS was not able to complete market settlement on Friday and has deferred settlement to Monday the 23rd of December. For those clients who had sell trades settling on Friday we have ensured those sale proceeds have been made available to you for trading on Monday. Stock delivery for clients who had buy trades settling will need to wait until Monday before the shares become available to sell. We apologise for any inconvenience this ASX outage has caused.
Reporting Season - 22 August
Companies covered: Northern Star (NST), Whitehaven Coal (WHC), Medibank (MPL)
Stocks discussed:
- Northern Star Resources (NST): Underlying FY net profit more than doubles to $689 million thanks to record revenue and a surging gold price. Final, unfranked dividend of $0.25 taking the full year payout to a record $0.40 a share
- Whitehaven Coal (WHC): FY profit drops 87% on lower profits and higher costs due to inflationary pressures and lower volumes at its flagship Narrabri mine. Announces 30% stake sale in its Blackwater mine to Nippon Steel
- Medibank Private (MPL): FY net profit up to $570.4 million, operating profit rose 6.3% with a final dividend of 9.4 cents per share, fully franked, declared