Author: openjargon

S&P/ASX 200 Index (ASX: XJO) shares are just inside the green, up 0.03%, at 8,752.1 points on Friday.

This week, brokers have renewed their buy ratings and updated their 12-month price targets on several ASX 200 shares.

Let’s take a look.

Judo Capital Holdings Ltd (ASX: JDO)

The Judo share price is 90 cents, down 1.6% today.

This ASX 200 bank share was smashed yesterday, collapsing 46% on a profit guidance downgrade.

Today, Morgans renewed its buy rating on Judo shares but slashed its 12-month target price from $2.15 to $1.47.

This implies a potential bounce back of more than 60% over the next year.

Morgans said:

JDO downgraded its FY26 PBT guidance by c.8% at the mid-point. Even more disappointing was first-time FY27 PBT guidance which was c.16% below expectations at the mid-point.

The share price drawdown was vicious (particularly considering the decline that had already occurred since February).

While the earnings growth outlook has moderated, we still forecast c.30% EPS growth across both FY26 and FY27 with the stock now trading on a c.6.8x PER (FY27F) and 0.6x P:BV (end-FY26).

A significant risk premium or probability of failure has been priced into the stock. BUY.

BHP Group Ltd (ASX: BHP)

The BHP share price is $57.17, up 1.1% today.

The market’s largest ASX 200 mining share has lifted 29% in the year to date (YTD).

BHP shares have dropped almost 10% since last Thursday amid news of a $2.8 billion cost blow-out at its Jansen potash project.

Morgan Stanley reiterated its buy rating on BHP shares with a price target of $67.50.

This implies a potential 14% upside ahead.

Qantas Airways Ltd (ASX: QAN)

The Qantas share price is $10.65, down 0.6% on Friday.

The ASX 200 airline share has ripped 18% over the past month.

Ord Minnett reiterated its buy rating on Qantas shares this week.

The broker raised its 12-month price target from $10.50 to $11.50.

This suggests a potential 8% upside ahead.

Goodman Group (ASX: GMG)

The Goodman share price is $32.06, down 0.4% today.

The ASX 200’s biggest real estate share has risen 4% YTD.

Citi renewed its buy rating on Goodman shares with a $40 target yesterday.

This suggests a potential 25% upside ahead.

NextDC Ltd (ASX: NXT)

The NextDC share price is $14.44, down 1.9% today.

This ASX 200 tech share has risen 17% YTD amid a broader sector rebound.

Citi reiterated its buy rating on NextDC shares with a price target of $19.10.

This implies potential capital growth of 32% ahead.

Electro Optic Systems Holdings Ltd (ASX: EOS)

Electro Optic Systems shares are $9.33, down 2.8% today.

The ASX 200 defence share has lost 6% of its market valuation YTD.

Bell Potter renewed its buy rating on Electro Optic Systems shares this week.

The broker increased its 12-month price target from $10.60 to $12.50.

This suggests a potential 34% upside ahead.

Lynas Rare Earths Ltd (ASX: LYC)

The Lynas Rare Earths share price is $19.02, up 1.7% today.

This ASX 200 rare earths share has ripped 56% higher YTD.

UBS upgraded Lynas Rare Earths shares to a buy rating with a $23.65 target on Thursday.

This implies a potential 24% upside ahead.

Insurance Australia Group Ltd (ASX: IAG)

The IAG share price is $8.12, down 1.2% today.

Over the past month, this ASX 200 financial share has lifted 8%.

Goldman Sachs reiterated its buy rating on IAG shares with an $8.60 target yesterday.

This suggests a potential 6% upside ahead.

The post 8 ASX 200 shares with reaffirmed buy recommendations this week appeared first on The Motley Fool Australia.

More reading

• What’s next for BHP shares? Broker forecasts revealed
• Here are the top 10 ASX 200 shares today
• Why Judo Capital, Minerals 260, Santos, and Worley shares are dropping today
• Why A2 Milk, EchoIQ, Lendlease, and Qantas shares are racing higher today
• Which ASX 200 bank stock is crashing 46% on profit guidance downgrade?

Citigroup is an advertising partner of Motley Fool Money. Motley Fool contributor Bronwyn Allen has positions in BHP Group. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended Electro Optic Systems, Goldman Sachs Group, and Goodman Group. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has recommended Lynas Rare Earths Ltd. The Motley Fool Australia has recommended BHP Group and Goodman Group. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

Commonwealth Bank of Australia (ASX: CBA) shares are down 0.5% to $161.82, while CSL Ltd (ASX: CSL) is down 1% to $116.48 on Friday.

In a newsletter this week, Blackwattle Large Cap Quality Fund portfolio managers, Joe Koh and Elan Miller, explain why they are underweight on the market’s largest ASX 200 bank share and overweight on the market’s biggest healthcare share.

If you’re unfamiliar with the lingo, underweight and overweight compare a fund manager’s holding in an ASX stock to its weighting in the benchmark index.

If a fund manager is overweight a stock, they hold a larger proportion of that stock than the benchmark index does.

The Large Cap Quality Fund aims to outperform the S&P/ASX 200 Accumulation Index (ASX: XJOA), after fees, over the long term.

CBA shares

CBA shares represents 10.2% of the ASX 200 Accumulation Index’s market capitalisation.

Koh and Miller said they are underweight CBA shares, and this helped the fund outperform the market in May.

They commented:

CBA provided a Q3 update, which saw its cash earnings narrowly miss consensus estimates by 1%, notwithstanding stable net interest margins and robust home lending growth of 7.1% and business lending growth of +12.5%, year-on-year.

The small earnings disappointment, combined with (in our view) expensive valuation and uncertainty around housing due to negative gearing tax changes, saw CBA’s shares underperform the S&P/ASX 200 index in May.

The night before CBA’s update, the Federal Government proposed a raft of tax changes in the 2026-27 Budget.

CBA shares experienced their biggest daily fall ever, dropping 10.2% and descending to No. 2 in the S&P/ASX 200 Index (ASX: XJO).

Koh and Miller said the Federal Budget marked “the biggest changes to the tax system since the introduction of the GST”.

The changes include replacing the 50% capital gains tax (CGT) discount for assets held longer than 12 months with a cost base inflation indexation method and a minimum 30% CGT rate; and limiting negative gearing to new builds, effective 1 July next year.

Koh and Miller expect this to adversely affect ASX 200 bank shares.

… we anticipate slower credit growth moving forward, as well as increased risk of bad and doubtful debts, given that individuals are already feeling the impact of the RBA’s rate hikes, higher fuel prices, and increased inflation.

We believe the Budget will place increased pressure on the banks’ operating margins, increasing the risk of earnings downgrades.

The managers pointed out:

Australian home loans comprise about 63% of CBA’s total loan book, of which about one third is to investors.

CBA shares are up 0.4% in the calendar year to date (YTD) compared to a 0.3% rise for the ASX 200.

CSL shares

ASX 200 healthcare shares appear to be staging a comeback after a horror 12 months amid many industry challenges.

The S&P/ASX 200 Health Care Index (ASX: XHJ) appears to have hit a pivot point on 3 June when it touched a 9-year low.

At that stage, ASX 200 healthcare shares had fallen by more than 40% over 12 months.

Since then, healthcare shares have risen 15% as value investors return to the sector, hunting bargains.

CSL shares have been a clear target, lifting 26% since 3 June.

The CSL share price commenced a downward spiral in early FY25 amid far bigger problems than sector weakness.

Koh and Miller said CSL downgraded its earnings forecast again in May after previously reaffirming guidance when the then-CEO resigned.

The managers said:

CSL now expects FY26 revenue to be around $15.2 billion (market expectations were $15.8bn) and NPATA (excluding restructuring costs and impairments) to be around $3.1 billion (market expectations were $3.35bn), both on a constant currency basis.

CSL also intends to recognise approximately $5 billion of non-cash, pre-tax impairments across FY26 and FY27, in addition to those
announced at the FY26 half-year results.

The market continues to be wary of CSL, as the new CEO is yet to be named and the competitive environment remains difficult.

Despite this, Koh and Miller have faith that this former ASX 200 blue-chip company can pull itself out of the mud.

While previously underweight this stock, the Fund has recently moved to a small overweight position given the stock’s
now more attractive valuation, which sits at a substantial discount to the ASX 200.

CSL shares are down 32% YTD and make up 2.1% of the ASX 200 Accumulation Index.

The post Why this fundie is overweight CSL and underweight CBA shares appeared first on The Motley Fool Australia.

More reading

• 3 ASX blue chip shares to buy and hold for the next 20 years
• Once untouchable, now unloved: What’s up with CSL shares?
• $10,000 invested in CSL shares 12 months ago is now worth…
• Why I’d buy CSL and Zip shares before they recover
• New to ASX shares? Avoid these 3 beginner mistakes

Motley Fool contributor Bronwyn Allen has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended CSL. The Motley Fool Australia has recommended CSL. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

Regis Resources Ltd (ASX: RRL) shares are charging higher today.

Shares in the S&P/ASX 200 Index (ASX: XJO) gold stock closed yesterday trading for $6.45. In morning trade on Friday, shares are swapping hands for $6.58 apiece, up 3.2%.

For some context, the ASX 200 is up 0.1% at this same time.

This outperformance follows the release of Regis’ mid-year exploration update.

Here’s what’s grabbing investor interest.

Regis Resources shares lift on growth outlook

Year to date, the ASX 200 gold miner said it continued advancing priority underground and open pit targets. Regis reported this has improved its geological confidence across key growth areas as it assesses longer-term opportunities at its Duketon, McPhillamys, and Tropicana gold mines.

Regis Resources shares could get longer-term support from Duketon, with the miner declaring the initial open pit Mineral Resource declared for Beamish South. That came out at 7 million tonnes at 1.1 grams of gold per tonne for 270,000 ounces.

Also at Duketon, the miner said recent drilling at Garden Well and Rosemont Stage 3 have confirmed strong mineralisation. And ongoing drilling at Ben Hur supports the view of a potential underground mining opportunity.

At Kings Plains, situated close to the McPhillamys project, recent drilling results were said to support the potential for an open pit resource.

Regis Resources added that diamond drilling within its Tropicana Underground project continued to increase its confidence in the known mineralisation.

What did management say?

Commenting on the results helping boost Regis Resources shares today, CEO Jim Beyer said, “Regis holds a significant pipeline of opportunities, with almost 100 exploration prospects and projects at varying stages of maturity the subject of prioritised evaluation and testing across our portfolio.”

Beyer added:

At Duketon, we are encouraged by the initial Mineral Resource Estimate declared at Beamish South, and drilling will continue as we work to grow that Resource and assess its potential to support a future Ore Reserve. Ongoing drilling at Garden Well, Rosemont and Ben Hur continues to demonstrate the opportunity within the Duketon portfolio and we remain confident in our long-term underground growth pipeline.

At Tropicana, drilling across Boston Shaker, Tropicana Underground, Havana South and the Swizzler area has returned encouraging results, further reinforcing our view of Tropicana as an asset with meaningful exploration upside.

These results, including the initial Kings Plain depth extension testing, continue to validate our exploration strategy and reinforce our belief in the quality and scale of Regis’ asset base.

Looking to what could impact Regis Resources shares in the months ahead, Beyer concluded, “We see meaningful potential to grow our resource base and continue to extend mine life across the business.”

The post Regis Resources shares leaping higher today on gold mine growth outlook appeared first on The Motley Fool Australia.

More reading

• 2 ASX gold shares making big moves on key updates
• 7 ASX gold stocks to buy now
• Why Clinuvel, Elevra Lithium, Regis Resources, and SCEE shares are racing higher today
• Here are the top 10 ASX 200 shares today
• Vault Minerals lifts earnings, initiates dividend, and announces merger with Regis

Motley Fool contributor Bernd Struben 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.

A small-cap ASX miner is turning heads on Friday after releasing an update that has gone down well with the market.

At the time of writing, the Ioneer Ltd (ASX: INR) share price is up 7.14% to 15 cents.

Despite the gain, it has been a rollercoaster ride for shareholders. The stock is still down around 19% in 2026, but it has jumped 54% over the past 12 months.

The latest release seems to have hit the right note, with critical minerals still a major focus in the US.

Here’s what Ioneer announced.

Ioneer lands US Army-linked award

In a statement to the ASX, Ioneer said it received a conditional US Army award for land at Utah’s Toole Army Depot.

The company said the long-term lease would support the development of a critical mineral processing facility.

Fortunately, Ioneer was one of four companies selected, alongside Empire State Mines, EnergyX and REalloys.

The US Army is looking to use parts of its land to help build more domestic processing capacity for critical minerals. These include lithium, boron, graphite and rare earths, which are used across defence, energy and advanced manufacturing supply chains.

Ioneer said the award is tied to its Rhyolite Ridge Lithium-Boron Project in Nevada.

The company describes Rhyolite Ridge as the largest undeveloped boron ore reserve in the world outside Turkey. It also said the project is the only known lithium-boron deposit in North America.

Why this is a big deal

The land lease is useful, but this update is really about the bigger opportunity around Ioneer.

The US is trying to build more mineral processing capacity at home, especially for materials used in defence, energy and advanced manufacturing.

And this is where Rhyolite Ridge stands out.

It’s not just another lithium project. It has a large boron resource, which gives Ioneer another way into America’s supply chain push.

Boron doesn’t get mentioned as much as lithium. However, Ioneer said it is used in military armour, high-strength magnets, semiconductors and nuclear applications.

The company also noted that the US government added boron to its list of critical minerals in November 2025.

The US Army release said “The ability to process critical minerals on U.S. soil is a national-defence priority required for munitions, missiles, sensors, batteries, and the platforms our soldiers depend on.”

What investors will be watching now

While today’s update is a positive one, there is still plenty of work ahead.

Keep in mind that the lease award is conditional, and Ioneer still needs to keep moving Rhyolite Ridge toward development.

This means attention turns to progress on funding, approvals, construction plans and a final investment decision (FID).

Fortunately, there has been some progress on that front.

Recent reports have pointed to support from South Korean groups Hyundai Engineering and Korea Overseas Infrastructure & Urban Development for the project.

The post This small-cap ASX stock is soaring after a major US Army boost appeared first on The Motley Fool Australia.

More reading

• Forget PLS shares, this US-focused ASX lithium share could rise 100%+
• 5 things to watch on the ASX 200 on Thursday
• Why A2 Milk, Calix, CSL, and Ioneer shares are charging higher today
• Guess which ASX lithium share is jumping 25% on big news

Motley Fool contributor Aaron Teboneras 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 DigiCo Infrastructure REIT (ASX: DGT) share price is in focus today after the company announced the resignation of its Chief Executive Officer, Mr Michael Juniper, effective immediately. The Board has commenced a search for a new CEO, with the existing leadership team maintaining day-to-day operations.

What did DigiCo Infrastructure REIT report?

• Mr Michael Juniper has stepped down as CEO and Director, effective 26 June 2026
• The Board is conducting a formal executive search for a permanent CEO
• The leadership team remains in place to ensure continuity
• No earnings or dividend updates were provided in this announcement

What else do investors need to know?

DigiCo Infrastructure REIT first announced Mr Juniper was on extended personal leave in March 2026. His departure marks a significant leadership transition for DGT, but the company’s strategy and ongoing operations will continue under the current management team while a successor is sought.

The Board thanked Mr Juniper for his contributions and highlighted its commitment to maintaining stability throughout the leadership transition. Both internal and external candidates will be considered for the CEO position.

What’s next for DigiCo Infrastructure REIT?

DigiCo Infrastructure REIT remains focused on executing its strategy as a diversified owner, operator and developer of data centres. The Board is prioritising a thorough CEO search process to ensure a smooth leadership transition and ongoing delivery of value for investors.

As the executive search gets underway, the existing leadership team is expected to ensure operational stability and drive the company’s plans in the short term.

DigiCo Infrastructure REIT share price snapshot

Over the past 12 months, DigiCo Infrastructure REIT shares have declined 30%, trailing the S&P/ASX 200 Index (ASX: XJO), which has risen 2% over the same period.

View Original Announcement

The post DigiCo Infrastructure REIT CEO resigns appeared first on The Motley Fool Australia.

More reading

• Centuria Capital Group opens $35m retail offer, targets growth in AI and real estate
• Transurban Group announces major North America project expansion
• Ampol launches new $400m subordinated notes facility
• 5 things to watch on the ASX 200 on Friday
• What’s next for BHP shares? Broker forecasts revealed

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 Centuria Capital Group (ASX: CNI) share price is in focus today as the company opens its $35 million retail entitlement offer, following a strong $65 million institutional component and reaffirms FY26 earnings guidance.

What did Centuria Capital Group report?

• Launched a $35 million fully underwritten retail entitlement offer at $2.00 per security
• Raised $65 million from institutional investors as part of a $100 million entitlement offer
• Institutional placement raised an additional $200 million, bringing total new equity to $300 million
• FY26 operating earnings guidance reaffirmed at 13.6 cents per security, an 11.5% increase on FY25
• Offer price represents a 6.0% discount to the last close and a 5.2% discount to the adjusted TERP
• Pro-forma net asset value to rise to $1.81 per security, with pro-forma gearing reduced to 3.4%

What else do investors need to know?

The retail entitlement offer gives eligible retail investors the chance to buy 1 new Centuria security for every 17 they own, priced at $2.00 each. Investors who take up their full allocation can also apply for up to 25% more through a top-up facility, though allocations may be scaled back at the company’s discretion.

Proceeds from the $300 million total equity raising are earmarked to accelerate Centuria’s growth ambitions across both its specialist data centre platform, ResetData, and its real estate and private credit fund management business. Centuria’s recent strategic moves include scaling its Australian AI Factory capabilities and acquisition of larger real estate assets to seed new funds.

What did Centuria Capital Group management say?

Joint CEOs John McBain and Jason Huljich commented:

The Centuria and ResetData combination has created a differentiated NVIDIA neocloud partner with scalable sovereign AI Factories and access to Centuria’s real estate, land and potential 200MW+ power pipeline. ResetData is one of three Australian NVIDIA Cloud Partners and is uniquely placed to take advantage of an upswing in international demand for the establishment of Australian-based AI Factory capacity uptake.

What’s next for Centuria Capital Group?

Looking ahead, Centuria will focus on deploying new funds into its ResetData pipeline, targeting accelerated development of AI Factory data centres and onboarding enterprise and government customers seeking sovereign compute capacity. Further growth is expected as Centuria expands its credit funds management and continues scaling up its real estate platform with larger fund launches and property acquisitions.

Management reconfirmed its disciplined approach to capital allocation and flagged balance sheet flexibility will support future organic and inorganic growth opportunities, while the new securities will rank equally with existing ones (except for the June 2026 distribution).

Centuria Capital Group share price snapshot

Over the past 12 months, Centuria Capital Group shares have risen 16%, outperforming the S&P/ASX 200 Index (ASX: XJO), which has risen 2% over the same period.

View Original Announcement

The post Centuria Capital Group opens $35m retail offer, targets growth in AI and real estate appeared first on The Motley Fool Australia.

More reading

• Transurban Group announces major North America project expansion
• Ampol launches new $400m subordinated notes facility
• 5 things to watch on the ASX 200 on Friday
• What’s next for BHP shares? Broker forecasts revealed
• Here are the top 10 ASX 200 shares today

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.

Sorry.

Yesterday, I emailed you to let you know I was going to hold a YouTube LIVE today at midday, AEST.

And then the emails started coming in.

Apparently there’s a soccer game or something at the same time…

I jest… there is a very important World Cup game at midday between the Socceroos and Paraguay.

Naively, I knew the game was on today, but I didn’t check the time. Our last game was at 5am AEST, and it didn’t occur to me that today’s game would be at midday.

I should have checked. As they say, you know what happens when you assume.

So… please accept my apologies for the false start. We’ll reschedule.

But it won’t be for a few weeks.

The reason is that I’m taking some annual leave.

As I do pretty regularly at this time of year, we’re about to kick off a family road trip, this time heading up to Cape York.

We’re spending three weeks doing the loop from Cairns to The Tip (the northern-most point of mainland Australia) and back.

What about the investment services I work on? What about my portfolio?

Good questions.

If you’re a Motley Fool member, please know that we have a strong team in place, and you’ll see no impact on your membership or the delivery of content.

Also, we’re long term investors.

Sure, there’s a chance that at some point while I’m away, there’ll be some news that does impact our view on a recommendation.

And if that happens, our team will evaluate the new information (and I’ll be contactable while I’m away, if they need me).

But the odds of that are pretty low.

Share prices might move… but they always do.

Sentiment might change… but it always does.

Will things happen that change our expectation of the long-term prospects of the companies we’ve recommended you own?

That’s far, far less likely.

Which is also precisely why I’m not doing anything to my portfolio before I leave.

Because yes, share prices might fall.

But also, they might rise.

News could be bad.

Or it could be good.

And remember… over time economies tend to grow, profits tend to rise, dividends tend to rise and share prices tend to rise.

The next few weeks will be me walking the talk.

I write – and yes, talk – regularly about long-term investing. About buying quality companies at decent prices, and letting time do the work.

If you’re a sceptical person, you might think ‘well, it’s fine for you to say that, but what happens when the rubber hits the road?’.

And the next few weeks will be exactly that.

Not only literally – we’ll be doing quite a few miles – but metaphorically, because you’ll see me living that approach in real time.

I suspect you’ll probably hear from me while I’m away, too. No promises – and I’ll try to avoid sporting events! – because it’s a family holiday and I want to be present.

But I’m often up earlier or killing some time while the family is doing other things. So if I have the chance, and have the inspiration, I might just pop up here, while I’m away.

A few weeks feels like a long time, when you’re going through it.

When prices are volatile, when headlines are shouting, when talking heads are prognosticating, and when politicians are doing, well, politician things, a day can feel like a week and a week can feel like a month.

But I took a similar holiday at this time last year. Do you remember what happened during that time? I didn’t think so. Me either.

The year before? The year before that?

Exactly.

It can be really hard to keep perspective at the time, but I find it helpful to think back to those times to remind myself to not get caught up in short-term volatility.

The market might be higher when I get back. Or lower.

My portfolio might be larger… or smaller.

My recommendations might be worth more… or less.

But my – or your – presence or absence won’t change that.

That’s the key lesson.

(And go the Socceroos!)

Fool on!

The post Don’t watch me… watch the Socceroos! appeared first on The Motley Fool Australia.

More reading

• Centuria Capital Group opens $35m retail offer, targets growth in AI and real estate
• Transurban Group announces major North America project expansion
• Ampol launches new $400m subordinated notes facility
• This ASX 200 stock has soared 1,800%. Is there more to come?
• Bell Potter is tipping this ASX energy stock to rise 40% (It isn’t Woodside)

Motley Fool contributor Scott Phillips 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 Transurban Group (ASX: TCL) share price is in focus today after announcing a major expansion to its North American operations, including a proposed 140% capacity boost for the I-95 Express Lanes.

What did Transurban report?

• Entered a Development Framework Agreement for enhanced Bi-Directional Project on I-95 Express Lanes in Virginia
• Transurban holds 50% indirect interest in the 95 Express Lanes LLC
• Proposed project scope would add about 120 new lane miles—six times more than previously planned
• 10-mile extension will extend the lanes through Fredericksburg into Spotsylvania County
• Project would increase I-95 Express Lanes capacity by around 140%
• Financial close is targeted for 2029, subject to agreement and approval

What else do investors need to know?

The development marks a major step in Transurban’s North American growth strategy, demonstrating the company’s ability to secure significant infrastructure opportunities in markets it knows well. The collaboration with the Virginia Department of Transportation is expected to bring benefits to both local motorists and Transurban stakeholders.

The next stage will focus on final design work, contractor selection, and confirming capital requirements, ahead of submitting a binding proposal. Transurban anticipates further updates as the project advances, reinforcing its long-term presence and partnerships in the US market.

What did Transurban management say?

Transurban CEO Michelle Jablko said:

Opportunities of this scale in a market we know well, underscore the strength and optionality of Transurban’s North American presence, as we continue to partner with government to deliver transformative infrastructure that drives long-term value for both customers and our investors.

What’s next for Transurban?

With the expanded project scope, Transurban is positioned to play a key role in upgrading one of the region’s most important transport corridors. Management expects the proposed I-95 project to deliver growth potential, customer benefits, and ongoing value for investors.

Transurban will now work on design, contractor engagement, and final cost estimates before progressing to the next stage. If the binding proposal gains approval, financial close is targeted for 2029.

Transurban share price snapshot

Over the past 12 months, Transurban shares have risen 9%, outperforming the S&P/ASX 200 Index (ASX: XJO), which has risen 2% over the same period.

View Original Announcement

The post Transurban Group announces major North America project expansion appeared first on The Motley Fool Australia.

More reading

• Centuria Capital Group opens $35m retail offer, targets growth in AI and real estate
• Ampol launches new $400m subordinated notes facility
• 5 things to watch on the ASX 200 on Friday
• What’s next for BHP shares? Broker forecasts revealed
• Here are the top 10 ASX 200 shares today

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 positions in and has recommended Transurban Group. The Motley Fool Australia has positions in and has recommended Transurban Group. 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.

Ampol Ltd (ASX: ALD) share price is in focus today after the company announced a new A$400 million delayed-draw subordinated notes facility, following successful previous issues in 2025. This new facility supports Ampol’s ongoing capital management and provides flexible, long-term funding options.

What did Ampol report?

• Launched a wholesale offer of a new A$400 million delayed-draw subordinated notes facility
• Facility can be drawn in two tranches: A$250 million and A$150 million
• ~9-month and ~24-month availability periods for the two tranches, respectively
• 12-year non-call period and a final maturity in 2058
• Net proceeds earmarked to refinance existing subordinated notes callable in 2027 and 2028
• Facility fully underwritten by a cornerstone institutional investor group

What else do investors need to know?

The delayed-draw feature means Ampol can access funding flexibly as needed, with the option to issue the facility in two parts and the right to cancel the second tranche if desired. The subordinated notes are structured to secure long-term capital at fixed pricing, supporting stability in Ampol’s future refinancing plans.

Moody’s Investors Service is expected to assign 50% equity credit to the new notes, in line with Ampol’s existing subordinated debt. The offer is targeted only at institutional investors, with a closing date around 9 July 2026, subject to typical conditions.

What did Ampol management say?

Group Chief Financial Officer Greg Barnes said:

We’re delighted to announce this new financing facility, which utilises the same delayed-draw feature from our previous issue in December 2025. Investor commitments and issue pricing will be fixed upfront. Market conditions remain attractive and provide an opportune time to secure long-term capital, which is linked to our future hybrid refinancing initiatives. The delayed-draw feature gives Ampol significant flexibility with regards to issue timing, as well as use of proceeds and cancellation rights. The transaction is another example of our proactive approach to capital management.

What’s next for Ampol?

Ampol plans to use the facility to proactively refinance subordinated notes due in 2027 and 2028, aiming to optimise its balance sheet and preserve flexibility for future funding needs. Management is focused on securing stable, long-term capital to support its ongoing growth and sustainability initiatives, while enhancing its capital management strategy.

Ampol share price snapshot

Over the past 12 months, Ampol shares have risen 29%, outperforming the S&P/ASX 200 Index (ASX: XJO), which has risen 2% over the same period.

View Original Announcement

The post Ampol launches new $400m subordinated notes facility 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.

It has been another big day for 4DMedical Ltd (ASX: 4DX) shareholders.

The ASX 200 healthcare stock is pushing higher on Friday after releasing an update that has kept investors interested.

At the time of writing, the 4DMedical share price is up 8.75% to $4.97.

The stock is now up around 40% over the past month and an incredible 1,800% since this time last year.

Here’s what 4DMedical announced to the market.

4DMedical gets TGA approval

According to the release, 4DMedical has received approval from the Therapeutic Goods Administration (TGA) for its CT:VQ product in Australia.

This means CT:VQ has now been included on the Australian Register of Therapeutic Goods, allowing it to be sold commercially across the country.

The company said CT:VQ is the world’s first non-contrast, CT-based ventilation-perfusion imaging solution.

The software helps doctors see how air and blood move through the lungs using standard CT scans. Essentially, patients can be assessed without the need for some nuclear medicine imaging methods.

4DMedical said the approval could support use across metropolitan, regional, and rural Australia, including areas with CT scanners but limited access to nuclear medicine services.

The company noted that CT:VQ is already approved in several major markets, including the US, Europe, the UK, Canada, and New Zealand.

What investors will be watching now

The approval gives 4DMedical a new market to work with, but investors will want to see how quickly that turns into adoption.

Although, there’s already some progress overseas.

In the United States, CT:VQ has been deployed at major clinical sites including Stanford, Cleveland Clinic, and the University of Miami.

The company has also signed an agreement with SimonMed Imaging, one of the largest outpatient radiology providers in the United States.

Back in Australia, the next step for the company is reimbursement.

Management said it is preparing an application to the Medical Services Advisory Committee to seek future Medicare Benefits Schedule reimbursement for CT.

If that’s approved, it could make the product much easier to be used more widely across our healthcare system.

Can the rally keep going?

Without doubt, the approval is a positive milestone.

But after rocketing 1,800% in 12 months, this isn’t a small company anymore flying under the radar.

4DMedical has a market capitalisation of around $2.8 billion, which means investors are already pricing in a much larger business.

And while that doesn’t mean the rally has gone too far, it certainly does raise the bar.

For now, the company needs to keep showing that CT can move from approvals and trial sites into broader commercial use.

The post This ASX 200 stock has soared 1,800%. Is there more to come? appeared first on The Motley Fool Australia.

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Motley Fool contributor Aaron Teboneras 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.