The Centuria Capital Group (ASX: CNI) share price is in focus after the company announced a successful $300 million equity raising, with the institutional placement and entitlement offer both completed.

What did Centuria Capital Group report?

• Raised approximately $200 million from an institutional placement
• Secured about $65 million through the institutional component of a 1-for-17 entitlement offer
• Combined institutional raise totals approximately $265 million
• Retail entitlement offer to open, aiming to raise an additional $35 million
• New securities issued at $2.00 per security
• Settlement and allotment to occur on 30 June and 1 July 2026 respectively

What else do investors need to know?

The institutional component of Centuria’s entitlement offer was strongly supported, with around 82% take-up by eligible institutional securityholders. Approximately 133 million new securities will be issued and will rank equally with existing holdings.

The retail entitlement offer opens on 26 June and closes on 7 July 2026. Eligible securityholders in Australia and New Zealand on record as of 24 June will be invited to participate. Normal trading in Centuria shares is expected to resume today, 23 June 2026.

What’s next for Centuria Capital Group?

Centuria expects to use the proceeds from the equity raising to strengthen its balance sheet and support future growth initiatives. Full details for retail investors will be provided in the offer booklet, with all new securities issued ranking equally from the date of issue.

Looking ahead, management highlighted a continued focus on investment opportunities across real estate and bond products, aiming to capitalise on its strong assets under management and investor demand in key sectors.

Centuria Capital Group share price snapshot

Over the past 12 months, Centuria Capital Group shares have risen 26%, outperforming the S&P/ASX 200 Index (ASX: XJO) which has risen 4% over the same period.

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The post Centuria Capital Group wraps up $300m equity raise and shares resume trading 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.

Zip Co Ltd (ASX: ZIP) shares have suffered a volatile start to 2026, but it looks like the share price could finally be turning a corner.

After crashing over 40% from a multi-year high late last year, Zip shares continued tumbling through the first few months of 2026. The share price swung anywhere between $1.45 and $3.56 a piece.

But after hitting a 52-week low in mid-March, the share price has changed trajectory and is slowly trending back up again.

At the close of the ASX on Monday afternoon, the shares were down around 0.7% to $2.90 a piece.

The decline represents a minor slide for the day, but a 100% rebound from the dip in mid-March.

Zip shares are also now nearly 5% higher than 12 months ago.

So, if I bought $7,000 of Zip shares 3 months ago, what are they worth now?

While the share price fell quickly through early-2026, Zip shares have rebounded strongly from its annual low three-months ago.

The 100% increase means that $7,000 invested in the technology company’s shares in the dip three months ago is already worth a huge $14,000!

Even $7,000 invested in Zip shares 12 months ago are now finally returning a profit. Your $7,000 investment made in June last year would now be worth $7,350.

Why have Zip shares started climbing higher?

The digital financial services company was caught up in a tech sector-wide sell-off in late-2025 and into 2026.

This was likely exacerbated by investors taking gains off the table after a strong share price rally and a disappointing first-half FY26 result in February. 

There hasn’t been any price-sensitive news out of Zip to explain the rebound over the past few months. It’s likely the result of a long-awaited shift in investor sentiment. 

I think the turnaround shows that investors are finally buying back into the growth potential for the ASX 200 tech stock.

Zip’s financial results have been robust over the past few quarters. Its latest third-quarter FY26 results announcement in mid-April showed that growth has finally started to accelerate. The company upgraded its FY26 cash guidance to reflect its improved optimism. 

Zip has undergone a major reset over the past few years. It is now heavily concentrated on product growth and global expansion, especially in the US. It looks like this reset is finally translating to improved revenue and a boost in investor confidence.

Zip is currently pursuing a dual sharemarket listing on the Nasdaq in the US in the hope it could help drive an even opportunity for business expansion in the area. 

Can the share price keep climbing?

TradingView data shows that the majority of analysts are very bullish on the outlook for Zip shares over the next 12 months. Out of 12 analysts, 11 hold a buy or strong buy rating on the ASX tech stock. 

They tip a 32% upside to an average target price of $3.82, at the time of writing. But some are even more optimistic and expect the shares to rocket another 86% to $5.40 each.

The post If I’d invested $7,000 in Zip shares 3 months ago, guess what I’d have now! appeared first on The Motley Fool Australia.

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Motley Fool contributor Samantha Menzies 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.

The Reliance Worldwide Corporation Ltd (ASX: RWC) share price is in focus after the company announced further steps in its global manufacturing footprint rationalisation. Reliance Worldwide expects a US$9 million annual uplift to group operating earnings by the end of FY27.

What did Reliance Worldwide report?

• Planned closure of brass casting, forging, and machining operations in Moorabbin and Braeside, Victoria, plus smaller sites.
• Expected net annual EBITDA benefit of US$9 million across the group by end FY27.
• One-off net charge of US$100 million to US$110 million in FY26 (excluded from operating earnings).
• Around 85 employees impacted by Australian brass manufacturing closures.
• Transition of APAC brass component supply to third-party Asian vendors in 2025.

What else do investors need to know?

These manufacturing changes follow a steady decline in demand for brass production in Australia. This is due in part to Reliance Worldwide’s investment in automating its Alabama facilities and designing products that use less brass, alongside a strategy to increasingly replace brass with stainless steel.

The company anticipates an adverse EBITDA impact of US$9 million on APAC region results after the closures. However, these are expected to be more than offset by an estimated annual Americas region benefit of US$18 million.

What’s next for Reliance Worldwide?

Reliance Worldwide’s focus moving forward is on sourcing from third-party vendors and ongoing optimisation of its supply chain. The company expects its overall brass requirements to continue declining, supporting a shift towards more cost-effective materials and manufacturing strategies.

Management anticipates these steps will deliver net financial benefits from FY27, with project cash outflows mainly relating to redundancy and asset exit costs, and the bulk of the one-off charges non-cash in nature.

Reliance Worldwide share price snapshot

Over the past 12 months, Reliance Worldwide shares have declined 12%, trailing the S&P/ASX 200 Index (ASX: XJO) which has risen 4% over the same period.

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The post Reliance Worldwide closes Australian brass sites 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.