The Qube Holdings Ltd (ASX: QUB) share price is in focus today after the company announced Supreme Court approval for its scheme of arrangement, paving the way for Rubik Australia Pty Limited to acquire all Qube shares.

What did Qube Holdings report?

• The Supreme Court of NSW has approved the scheme of arrangement with Rubik Australia Pty Limited.
• Qube Holdings will arrange for court orders to be lodged with ASIC on 8 July 2026.
• Once lodged, the scheme will become legally effective and all Qube shares will be acquired by the bidder.
• Qube intends to apply for its ASX quotation to be suspended after close of trading on 8 July 2026.

What else do investors need to know?

This marks the final regulatory hurdle for the proposed takeover first announced in February 2026. Once the court orders are lodged with ASIC, shareholders will see their holdings acquired under the scheme.

The company will shortly move to suspend trading in Qube shares, with completion of the acquisition process expected to occur as outlined in earlier announcements. Investors should look out for further updates as the acquisition is formally completed.

What’s next for Qube?

With final court and regulatory approvals in hand, Qube Holdings will now progress to complete the scheme of arrangement. This includes delisting Qube from the ASX and transferring all shares to Rubik Australia Pty Limited as planned.

Shareholders do not need to take any action at this stage. Qube will communicate further details about payment and the end of share trading as the timeline progresses.

Qube share price snapshot

Over the past 12 months, Qube shares have risen 20%, outperforming the S&P/ASX 200 Index (ASX: XJO), which has risen 3% over the same period.

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The post Qube Holdings: Supreme Court approves takeover scheme appeared first on The Motley Fool Australia.

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Motley Fool contributor Laura Stewart has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips. This article was prepared with the assistance of Large Language Model (LLM) tools for the initial summary of the company announcement. Any content assisted by AI is subject to our robust human-in-the-loop quality control framework, involving thorough review, substantial editing, and fact-checking by our experienced writers and editors holding appropriate credentials. The Motley Fool Australia stands behind the work of our editorial team and takes ultimate responsibility for the content published by The Motley Fool Australia.

The Summerset Group Holdings Ltd (ASX: SNZ) share price is in focus after the company reported 448 occupation right sales in Q2 FY26, with resales up 26% and total first-half sales up 17% on last year.

What did Summerset Group report?

• 448 occupation right sales in Q2 FY26 (221 new, 227 resales)
• Q2 new sales unchanged from a year ago, but resales jumped 26%
• First-half (1 Jan–30 Jun) total sales up 17% to 813
• New sales up 12%, resales up 23% year-on-year for the first half
• Strong sales at four newly opened village centres in NZ and Australia

What else do investors need to know?

Summerset opened four new village centre buildings in the first half of the year, with encouraging early demand. Occupancy rates at these centres ranged from 21% to 45%, highlighting good uptake across both Australian and New Zealand developments.

The group adjusted its New Zealand build rate in the wake of the Iran conflict, reducing its FY26 target to between 600–650 new homes but maintaining group deliveries within its forecast of 700–800, with 454 homes already delivered so far this year. Australian operations remain on track, with Cranbourne North open and Chirnside Park set to open later this year.

What did Summerset Group management say?

Summerset Chief Executive Scott Scoullar said:

Our total first half (1 Jan – 30 Jun) sales were up 17% on the same period last year, with new sales up 12% and resales up 23%… These buildings are central to the resident experience in our villages and provide the care, support and amenity our residents value. We’re pleased with the level of interest and sales momentum across these villages’ new buildings.

What’s next for Summerset Group?

Summerset has reiterated its guidance for a development margin in the 20–25% long-term range, supported by the recent shift towards higher care and apartment sales. The company continues to manage construction in response to broader economic conditions and demand, with flexibility to adjust its build programme.

Investors can look forward to Summerset’s half-year FY26 financial results scheduled for Thursday 27 August. Key milestones, including further progress at Australian sites, will also be closely watched.

Summerset Group Holdings share price snapshot

Over the past 12 months, Summerset Group shares have declined 28%, trailing the S&P/ASX 200 Index (ASX: XJO), which has risen 3% over the same period.

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The post Summerset Group delivers Q2 update appeared first on The Motley Fool Australia.

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• a2 Milk Company posts double digit FY26 revenue growth despite China supply setback

Motley Fool contributor Laura Stewart has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips. This article was prepared with the assistance of Large Language Model (LLM) tools for the initial summary of the company announcement. Any content assisted by AI is subject to our robust human-in-the-loop quality control framework, involving thorough review, substantial editing, and fact-checking by our experienced writers and editors holding appropriate credentials. The Motley Fool Australia stands behind the work of our editorial team and takes ultimate responsibility for the content published by The Motley Fool Australia.

The West African Resources Ltd (ASX: WAF) share price is in focus after the company reported group gold production of 125,179 ounces for the June 2026 quarter, up 37% at Sanbrado compared to Q1, and confirmed it remains on track to meet its annual production guidance.

What did West African Resources report?

• Q2 group gold production: 125,179 oz (Sanbrado 57,608 oz, Kiaka 67,571 oz)
• Q2 group gold sales: 110,737 oz at an average realised price of US$4,556/oz
• Year-to-date group gold production: 232,905 oz
• Year-to-date group gold sales: 214,883 oz at US$4,744/oz
• On track to achieve 2026 guidance of 430,000–490,000 oz gold

What else do investors need to know?

WAF continued to ramp up open pit and underground mining at its Sanbrado centre, with underground mined ounces rising 60% from the prior quarter. The Sanbrado process plant’s gold output rose, thanks to higher grades and recovery rates.

At Kiaka, open pit mining output fell 24% from Q1, mainly due to a reduction in ore tonnes and grade, while processing still delivered growth in gold produced. Regulatory delays affected explosives supply at Kiaka, leading to operational adjustments prioritising ore production.

WAF is also working with the Burkina Faso government and SOPAMIB on finalising SOPAMIB’s 25% acquisition of Kiaka SA, valued at approximately A$176 million.

What did West African Resources management say?

Executive Chairman and CEO Richard Hyde said:

With year-to-date production of 232,905 ounces of gold from our two large low-cost gold production centres of Sanbrado and Kiaka in Burkina Faso, WAF is on-track to achieve 2026 annual production guidance of 430,000 – 490,000 ounces of gold. I look forward to releasing our full quarterly activities report in the coming weeks.

What’s next for West African Resources?

The company expects to maintain 2026 gold production volumes despite delays in permits, with Sanbrado mine plans retaining flexibility to adjust for timing impacts. Subject to government approvals, development of Sanbrado’s M5 South underground is expected to commence in early 2027.

At Kiaka, operational plans continue to adapt to the available explosives supply, focusing on “free dig” mining areas. WAF remains engaged with authorities to secure outstanding approvals and supports growth at both production centres.

West African Resources share price snapshot

Over the past 12 months, West African Resources shares have risen 29%, outperforming the S&P/ASX 200 Index (ASX: XJO), which has risen 3% over the same period.

View Original Announcement

The post West African Resources posts June 2026 quarter gold production update appeared first on The Motley Fool Australia.

More reading

• Qube Holdings: Supreme Court approves takeover scheme
• Summerset Group delivers Q2 update
• Lynas Rare Earths inks $50m deal for new Malaysian magnet factory
• Netwealth posts strong FUA growth and secures Morgan Stanley platform deal
• a2 Milk Company posts double digit FY26 revenue growth despite China supply setback

Motley Fool contributor Laura Stewart has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips. This article was prepared with the assistance of Large Language Model (LLM) tools for the initial summary of the company announcement. Any content assisted by AI is subject to our robust human-in-the-loop quality control framework, involving thorough review, substantial editing, and fact-checking by our experienced writers and editors holding appropriate credentials. The Motley Fool Australia stands behind the work of our editorial team and takes ultimate responsibility for the content published by The Motley Fool Australia.