ASX 200 Live Today - Monday 1 December
The S&P/ASX 200 is set to open flat.
Today’s ASX 200 Updates
Welcome to our live ASX coverage for Monday December 1. We’re excited to be trialing this new format. Expect a high volume of posts pre-market and more periodic updates throughout the day. Be sure to refresh manually for the latest updates — and let us know how we can make it even better.
Energy One founder trims stake to fund home purchase
[1:23 pm]
Energy One founder Ian Ferrier has advised the market that he intends to sell approximately 315,000 shares in the company to help finance a new home purchase. The planned selldown comes with Energy One trading at around A$17.37, down 29 cents on the day.
The company noted that back on 5 August 2025, Ferrier lodged an Appendix 3Y stating he “did not intend to dispose of any shares in the following 12 months.” Despite the change in circumstances, Energy One emphasised that Ferrier has no current plans to sell any of his remaining 5 million shares, signalling continued confidence in the business he founded.
The upcoming sale is expected to be limited in scope and driven by personal financial requirements, rather than any shift in Ferrier’s view of the company’s outlook.
Early leaders and bleeders
[10:42 am]
Early sector performance
[10:41 am]
Trading halts due to ASX announcement outage
[10:31 am]
Polymetals Resources (POL)
Conrad Asia Energy (CRD)
Cuscal (CCL)
EML Payments (EML)
Aeris Resources (AIS)
Findi Ltd (FND)
Metcash (MTS)
Ausgold (AUC)
Southern Cross Electrical Engineering (SXE)
Turaco Gold (TCG)
Tuas (TUA)
Chart of the Day: Capricorn Metals
[10:31 am]
Today's Chart of the Day is Capricorn Metals and it is an exercise in bullish momentum, with a breakout above a key round number and previous resistance levels. The EMAs (8-, 21-, 125-period) are in a bullish configuration, showing trend alignment across multiple timeframes. I note an uptrend support line and resistance around the $15 round number. Importantly, the price action has broken out above this key level. Volumes have been soft, but that doesn't necessarily kill the breakout. From here, I'd like to see some confirmation that the breakout can hold (particularly given the soft volume).
ASX opens on time despite major announcements blackout
[10:24 am]
The ASX is scrambling to fix a system issue that has blocked the release of market-sensitive company announcements, creating an unusual information blackout ahead of the trading day.
No pre-market disclosures were published after 8:59 am AEDT, leaving investors without the usual flow of updates before the 10 am open. Despite the disruption, the exchange proceeded with the scheduled market open while engineers continued to diagnose the problem.
ASX confirmed that trading, clearing and settlement are unaffected, but warned that any price-sensitive announcements received during the outage will trigger trading halts in the relevant stocks until normal publishing resumes.
The exchange has not yet provided a timeframe for resolution.
Paragon Care to Expand Asian Footprint with $70m Move into Indonesia
[9:49 am]
Paragon Care is set to deepen its presence in Asia after striking a $70 million deal to acquire Indonesian aesthetics provider Haju Medical. The business, currently owned by a South Korean parent of the same name, will be purchased via an upfront payment of $30 million, with the remainder deferred over two years and linked to EBITDA performance targets.
Haju generated $30 million in revenue and $7.7 million in EBITDA in 2024, and Paragon Care expects the acquisition to be earnings-accretive from FY26. Funding will come from recently secured working-capital facilities in New Zealand and Thailand, supplemented by existing cash reserves.
Completion is slated for January 30, subject to South Korean merger approval and other regulatory sign-offs. Paragon Care said the deal meaningfully strengthens its Asia-Pacific aesthetics platform across Thailand, Australia, New Zealand, the Philippines, Vietnam and Japan. CEO Carmen Riley added that Haju chief Jay Won will remain with the business to help steer integration and future growth.
Metcash posts softer first-half result but maintains positive trading momentum
[9:42 am]
Metcash has reported underlying NPAT of A$126.7 million for the first half, coming in below market expectations. Group revenue (including charge-through) reached A$9.6 billion, while underlying EBIT landed at A$240.2 million. The board declared an 8.5 cent fully-franked interim dividend, payable 28 January.
Early trading in the second half shows improving momentum. Across the first four weeks, group sales (ex-tobacco) rose 2.9%, supported by 4.3% growth in Food, modest gains in Liquor (+0.1%), and a 3.8% lift in Total Tools and Hardware. Management noted they are planning for continued positive sales trends through the remainder of the half.
NEXTDC lifts contracted utilisation and boosts FY26 capex guidance
[9:41 am]
NEXTDC has reported a sharp increase in customer demand, with pro forma contracted utilisation rising to 316MW, up 29% since 30 June. Off the back of these wins, the company’s forward order book has expanded 53% to 205MW, expected to convert into billings and revenue between FY26 and FY29.
Alongside the update, NEXTDC upgraded its FY26 capital expenditure guidance to A$2.20–2.40 billion, up from its previous A$1.80–2.00 billion range and above market expectations. Revenue and underlying EBITDA guidance remain unchanged, with the company having previously indicated A$390–400 million in net revenue and A$230–240 million in underlying EBITDA.
Treasury Wine Estates flags major goodwill impairment on US assets
[9:40 am]
Treasury Wine Estates has warned that it expects to write down at least the full goodwill value of its US business — A$687.4 million as at 30 June 2025 — following softer long-term growth assumptions across the American wine market. The final impairment amount will be confirmed with the company’s first-half results and may extend beyond goodwill to other assets.
TWE noted that while several key brands such as DAOU, Frank Family Vineyards and Matua continue to outperform, broader weakness in the US wine category has prompted the group to adopt more conservative long-term earnings expectations. These revised assumptions reduce the carrying values of both the Treasury Americas and Treasury Collective – Americas units.
With Sam Fischer recently stepping into the CEO role, TWE will hold an investor and analyst call in mid-December covering market performance updates — including China and the US — alongside Fischer’s early observations.
Pro Medicus wins new A$25M BayCare contract, expanding US footprint
[9:38 am]
Pro Medicus' subsidiary Visage Imaging has signed a new A$25 million, seven-year agreement with US healthcare group BayCare. The deal expands the existing partnership to include the cloud-based Visage 7 Open Archive, which will be added to BayCare’s previously contracted Viewer and Workflow modules.
Implementation planning begins immediately, with BayCare’s imaging archive to be migrated to Visage’s cloud platform. The full-stack solution is scheduled to go live in the first quarter of 2026.
AUB Group ends takeover talks, reiterates FY26 outlook
[9:38 am]
AUB Group has confirmed that discussions with EQT and CVC regarding a potential takeover at $45.00 per share have ended, with the consortium advising it will not move forward with a binding bid. The board maintains that the proposed price fairly reflects AUB’s value in current market conditions.
The company has also reaffirmed its FY26 guidance, targeting underlying NPAT of $215–227 million, broadly in line with market expectations.
Imdex to acquire Advanced Logic Technology in €55.8M deal
[9:36 am]
Imdex has announced an agreement to acquire Advanced Logic Technology S.A. and its subsidiary Mount Sopris Instruments for an upfront €55.8M (~A$98.9M). ALT is best known for its industry-standard WellCAD software, while MSI brings additional strength in downhole rock property sensors and deployment systems.
The transaction includes up to €20M in performance-linked earn-outs and remains subject to customary approvals, with completion expected in Q3 FY26. Imdex expects the acquisition to be EPS-accretive in its first full year, contributing roughly A$10M in revenue and A$2M in normalised EBITDA in FY26. The deal will add around A$60M in goodwill, ~A$30M in IP assets, and modest increases in amortisation, capex and interest costs.
Greatland Resources posts strong Havieron feasibility results
[9:35 am]
Greatland Resources has released the Feasibility Study for its Havieron Project, outlining a long-life, high-margin asset with strong cash generation. The study shows steady-state annual output of 266koz gold and 9.6kt copper, delivering A$739 million in pre-tax free cash flow (or A$1.197 billion at spot prices) at an AISC of A$1,610/oz.
The project’s Ore Reserve now stands at 38.5Mt, containing 3.3Moz gold and 128kt copper. Pre-production capex of A$1.065 billion is expected to be fully funded via the company’s A$750 million cash balance, Telfer cash flow, and a A$500 million debt facility.
Base-case economics include a A$2.9 billion post-tax NPV5% and 22.5% IRR, rising to A$5.4 billion NPV and 31.5% IRR at spot prices. The study also highlights potential cost savings via co-processing at Telfer if mine life is extended, while more than 3Moz of additional resources sit outside the current plan, offering meaningful future upside.
Leadership change at Deterra Royalties
[9:34 am]
Deterra Royalties has announced that CEO and Managing Director Julian Andrews has stepped down from his role, effective 28 November. The company confirmed that Jason Neal has officially taken over as Interim MD and CEO from 29 November, ensuring operational continuity while the board progresses its search for a permanent replacement.
An executive recruitment process is now underway as Deterra looks to appoint its next long-term leader.
Good morning!
[9:30 am] ASX 200 futures are up 4pts (+0.04%) as of 9:30 am AEDT
The ASX 200 lost around 3% last month
This week’s GDP release will be a key focus for investors (Wednesday)
SGH Limited is reportedly exploring acquisition opportunities, with The Australian suggesting Infrabuild may be among the potential targets.
Capricorn Metals sounded out Genesis Minerals about a possible merger, per The Australian (A$14.65), with sources saying the approach was made about four weeks ago; it’s unclear if discussions progressed.
Synlait Milk (SM1): Appointed Richard Hickson as chief operating officer, adding a senior dairy executive with more than 20 years’ international experience.
