Industrials

The logic is plain. Evolution owns a large processing plant near Cloncurry that is not running at rated capacity; Carnaby owns copper ore a truck ride away. Evolution shares still rose 1.95% to A$11.51 on the day, a rare reward for an acquirer.

The stock had closed at A$0.48 on 24 July. It traded up towards the implied offer value of about A$0.772 when the market reopened on 27 July, while Evolution.

For three years it has been the market's proxy for the health of Australian office towers. Its securities are down roughly a fifth over the past year and trade far below stated asset backing, so every deal it prints tests whether carrying values are …

On 23 July, Centuria lodged an ASX statement responding to media commentary on the Centuria Bass Credit Fund and its loans to Bathla Group, a Western Sydney residential builder and developer. Research house SQM Research had downgraded the fund.

The electrical distributor has quietly built a data-centre business and a five-brand acquisition portfolio, but a single supplier still sits behind roughly a third of its vendor purchases. A softer session puts that structural dependence, and a rising multiple, back under the microscope.

The Western Australian marine and defence engineer eased in trading after confirming its chief executive is stepping down, landing a month before FY26 results and midway through a product transition that has already forced a large non-cash write-down of gyrostabiliser value.

Wiseway Group lifted half-year revenue past AUD 100 million and posted its sixth straight profitable half, yet the freight forwarder's shares sit close to 30 per cent below their 52-week high. With a market value near AUD 46 million and a geared balance sheet, …