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Highlights:
- BWP Trust declares estimated H2 FY25 distribution of 9.45 cents per unit.
- Metcash posts AUD 17.3B revenue; profit aligns with guidance; 9.5c final dividend declared.
- Resolute Mining upgraded to ‘Buy’ by Ord Minnett with a AUD 1.00 target price.
Several ASX-listed companies are moving higher at midday following earnings results, distribution announcements, and broker upgrades.
BWP Trust (ASX: BWP) is a real estate investment trust (REIT) that owns and manages a portfolio of commercial properties, most of which are leased to Bunnings Warehouse. It is one of the largest owners of Bunnings-anchored retail assets in Australia. The BWP share price rose 2% to AUD 3.65 after it announced an estimated distribution of 9.45 cents per unit for the six months ending 30 June 2025. The payment, based on unaudited accounts, is expected to exclude any conduit foreign income and is in accordance with the Trust’s constitution.
Metcash Limited (ASX: MTS) is a leading Australian wholesale distribution and marketing company servicing independent retailers in the food, liquor, and hardware sectors. Its brands include IGA, Cellarbrations, and Mitre 10. The Metcash share price gained 3% to AUD 3.81 after the company reported FY25 revenue of AUD 17.3 billion, up 8.9%, or AUD 19.5 billion when including charge-through sales. Underlying profit after tax dipped 2.4% to AUD 275.5 million but remained within the company’s guided range of AUD 273– AUD 277 million. Metcash declared a fully franked final dividend of 9.5 cents per share and noted a solid start to FY26.
Resolute Mining Limited (ASX: RSG) is an Australian gold mining and exploration company with operations in Africa, including the Syama Gold Mine in Mali and the Mako Gold Mine in Senegal. Its shares climbed 5% to 62.5 cents after a broker note from Ord Minnett upgraded the stock to ‘Buy’, assigning a price target of AUD 1.00. The upgrade followed improved medium-term earnings forecasts, suggesting a potential upside of approximately 60% from the current price level.
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