Aussie Broadband Ltd (ASX: ABB) shares are starting the week in a disappointing fashion.

In morning trade, the ASX 200 share is down over 4% to $5.30.

This compares unfavourably to a 1.3% gain by the ASX 200 Index early on Monday.

Why is this ASX 200 share falling?

Investors have been selling the broadband provider’s shares following the release of an update on its performance and transactions.

According to the release, the ASX 200 share has completed the acquisition of the telecommunications business of AGL Energy Limited (ASX: AGL). Management believes this adds significant scale to its customer base and provides material earnings growth potential through its long-term strategic partnership with AGL.

In exchange, AGL has been issued $115 million in Aussie Broadband shares under a share subscription agreement. This represents approximately 22 million fully paid ordinary shares, which is approximately 7% of the issued capital.

The migration of AGL’s combined 350,000 NBN services and mobile connections will complete in the second quarter of FY 2027. Management expects this to deliver a step change in connections on the Aussie Broadband network.

The AGL telco business is expected to deliver $21 million in underlying EBITDA in the first 12 months post migration. However, it notes that there is upside potential from further growth in connections through AGL’s existing marketing channels and bundled energy offerings, as well as from margin expansion through scale and efficiency gains.

Management is ultimately targeting 500,000 subscribers from AGL’s 4.5 million customer base.

Elsewhere, the More and Tangerine Telecom customer migrations are on track, the acquisition of Nexgen has completed, and the divestment of Digital Sense Hosting has settled.

Trading update

The ASX 200 share also provided the market with a trading update this morning.

It revealed that it surpassed 1 million broadband connections in mid-May and is on track to become the third largest NBN service provider with more than 1.3 million NBN connections at the completion of the large-scale connection migrations and AGL telco acquisition.

In light of this, management expects to report earnings for FY 2026 in the middle of the previously announced underlying EBITDA guidance range of $162 million to $167 million. However, capital expenditure is expected to be at the upper end of the previously provided guidance range of $55 million to $60 million.

It is possible that this performance is softer than the market was expecting, putting pressure on the Aussie Broadband share price today.

The company’s chief executive, Brian Maher, commented:

I’m immensely proud of the effort delivered by the team. Completing one transaction is significant but completing four transactions within six months, while delivering the largest migration of connections on the NBN network to date and continuing to grow the business organically, is exceptional. These transactions are central to our upgraded Look‑to‑28 ambitions, repositioning the Company to deliver higher‑quality and more sustainable earnings streams.

While competition remains strong, our FY27 pricing plans, continued focus on Australian‑based customer service, and high-quality network performance position us well to continue winning new customers, particularly those migrating from legacy technologies and lower‑speed services. The operational leverage from increased scale is expected to improve capital efficiency and support stronger returns over time.

The post Which ASX 200 share is sinking 4% on Monday? appeared first on The Motley Fool Australia.

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• Here are the top 10 ASX 200 shares today

Motley Fool contributor James Mickleboro 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 Aussie Broadband. The Motley Fool Australia has recommended Aussie Broadband. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

The ASX Ltd (ASX: ASX) share price is rising on Monday morning.

At the time of writing, the stock exchange operator’s shares are up 1% to $49.77.

Why is the ASX share price rising?

Investors have been bidding the embattled company’s shares higher today after it released an update on proceedings brought by the Australian Securities and Investments Commission (ASIC) relating to statements made in 2022 on the progress of the previous CHESS project.

The corporate regulator commenced civil proceedings against ASX in August 2024 alleging three statements that were made in 2022 regarding the previous CHESS project were misleading and contravened the Australian Securities and Investments Commission Act 2001.

According to today’s update, ASX has settled the proceedings and agrees that it contravened these provisions of the ASIC Act when it made the “progressing well” representation.

However, ASIC is no longer pursuing allegations of misleading statements in relation to representations the Project was “tracking to the Published Plan” and “Tracking to Go-Live in April 2023.”

What’s the penalty?

The release reveals that as part of the settlement, and subject to the approval of the Federal Court of Australia, ASX will pay a penalty of $20.5 million and will contribute $3 million to ASIC’s legal costs.

The amount will be provisioned in FY 2026 and be recognised as a non-recurring significant item. ASX’s contribution to ASIC’s legal costs will also be recognised as a significant item in FY 2026.

The good news is that given this development, the two parties will no longer be proceeding to trial.

Commenting on the settlement, ASX chair, David Clarke, said:

The market must have confidence in what ASX says about its operations as these statements can be relied upon to make decisions. When we stopped the CHESS project in November 2022 to reassess our whole approach, that tested market confidence in ASX and called into question the nature of statements previously made. As the market operator and a steward of critical market infrastructure, our words matter.

I am sorry ASX fell short. We recognise the impact this has on trust and confidence, and we take responsibility for the lessons that must be learned from that experience. The CHESS project is now on firmer footing, and our decision to settle this matter reflects the desire by the Board to focus ASX on building for the future while maintaining the work still required to build confidence and deliver for the market. We will continue the reset across the Group, informed by the findings of the ASIC Inquiry report delivered earlier this year.

The post The ASX share price is pushing higher on big ASIC news appeared first on The Motley Fool Australia.

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• Why are these 3 ASX 200 stocks crashing in this week’s rebounding market?
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• Down more than 30% over a year, are ASX shares now looking cheap?

Motley Fool contributor James Mickleboro 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 Sigma Healthcare Ltd (ASX: SIG) share price is in focus after the company announced it has withdrawn from the potential acquisition of The Boots Group. The company says this decision follows a preliminary review of the sale process.

What did Sigma Healthcare report?

• Sigma has ceased all discussions regarding the purchase of The Boots Group.
• The Board determined the acquisition would not meet current strategic or capital investment objectives.
• International growth remains a key strategic pillar for Sigma.
• Recent Memorandum of Understanding signed with Greenlight Healthcare to explore UK market opportunities.

What else do investors need to know?

Sigma had been considering the Boots acquisition to accelerate its expansion in the UK, leveraging Boots’ well-established brand and presence. After initial investigations, Sigma found that the deal did not align with its strategic aims or capital discipline.

The company reiterated its commitment to international growth, particularly in core offshore markets, while continuing to assess new market opportunities. Sigma also stressed its confidence in its current growth strategy, which prioritises strengthening its position in the Australian market.

What’s next for Sigma Healthcare?

Looking ahead, Sigma says it will keep assessing acquisition opportunities in Australia and internationally that align with its strategy and offer sustainable returns to shareholders. The company’s focus remains on its established plans, including the recent MoU with Greenlight Healthcare, as it seeks growth through disciplined investment and partnering in key markets.

Sigma Healthcare share price snapshot

Over the past 12 months, Sigma Healthcare shares have declined 19%, trailing the S&P/ASX 200 Index (ASX: XJO) which has risen 4% over the same period.

View Original Announcement

The post Sigma Healthcare withdraws from Boots sale process appeared first on The Motley Fool Australia.

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• Elders confirms Killara Feedlot sale completion for June 2026
• Perseus Mining expands share buy-back to $150 million: June 2026 update
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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.

If they gave prizes for the most underwhelming takeover offers, we might have a winner on Monday.

This morning, Frasers Group plc, one of the largest shareholders of Accent Group Ltd (ASX: AX1), lodged a takeover offer through Barrenjoey Markets.

However, unlike most takeover offers that are a significant premium to the prevailing share price, Frasers Group has made a very unattractive offer to the footwear retailer’s shareholders.

What takeover offer has been made?

According to the release, Sports Direct owner Frasers Group has offered to buy Accent shares for 65 cents per share.

This is exactly the price that the ASX stock’s shareholders could have sold their shares on Friday of last week if they wanted, with Accent shares ending the period at 65 cents.

And with the Platypus and HypeDC owner’s shares down over 60% from their 52-week high, many shareholders would be making a sizeable capital loss on their investment.

It is also worth noting that Accent shares are up 9% to 71 cents on Monday, which is comfortably ahead of the offer price.

What is Frasers Group saying?

Frasers Group revealed that it doesn’t have confidence in the ASX stock’s chair, Lawrence Myers, and believes it would do a better job running its brands. It said:

Frasers is a great believer in the strength of the brands sold through Accent’s retail network and has very successful commercial relationships with most of the brand owners through its existing global business. Frasers is highly confident in the long‑term potential of the brands in the Australian market. However, Frasers has significant concerns regarding Accent’s strategic direction and performance under its chairman, Lawrence Myers, and the incumbent management team.

In forming this view, Frasers has had regard to matters including Accent’s recent financial performance, approach to capital management, which has seen Accent continue to prioritise shareholder distributions during a period of declining earnings, increased borrowings and ongoing growth investment obligations, and the Accent Board’s approach to executive compensation as well as the level of goodwill reported on Accent’s balance sheet as at 29 June 2025.

It also warned that shareholders that don’t accept the offer could face dilution from potential capital raises in the future. It adds:

If you retain your Accent Shares and do not accept the Offer, you may remain exposed to the risks and uncertainties associated with a continued investment in Accent, which include potential exposure to risks associated with any future equity dilution resulting from any issue of securities that Accent may decide to make or any increased debt funding that Accent may decide to obtain in response to its recent subdued financial performance and future capital and operational expenditure requirements.

Foolish takeaway

While some of what Frasers is saying is fair, it is worth remembering that many discretionary retailers are struggling in the current environment. So, it may not be fair to judge the company’s performance during this period. As a result, I would be surprised if the majority of shareholders accepted the offer.

The post Guess which ASX stock is jumping on takeover offer appeared first on The Motley Fool Australia.

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Motley Fool contributor James Mickleboro has positions in Accent Group. 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 recommended Accent Group. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

The Perseus Mining Ltd (ASX: PRU) share price is in focus after the company announced an increase of its on-market share buy-back to A$150 million, having already completed A$100 million in purchases. Perseus has now repurchased more than 45 million shares since August 2024, highlighting its strong cash generation and commitment to returning capital to shareholders.

What did Perseus Mining report?

• On-market buy-back increased by A$50 million to a new total of A$150 million
• Over A$100 million of shares already repurchased under the latest buy-back
• 45,076,176 shares bought back since August 2024 at an average price of A$4.07 per share
• Buy-backs now comprise around 3.3% of shares on issue at maiden buy-back announcement
• Board cites market-leading free cash flow as key to funding both buy-backs and growth

What else do investors need to know?

The expanded share buy-back signals the Board’s confidence in Perseus’ financial position and outlook. The company has indicated that the timing and pricing of further share repurchases will depend on market conditions, and retains the option to suspend or end the programme at any time.

Perseus says the decision fits within its Capital Allocation Framework and aims to balance shareholder returns with the funding needs of its organic growth pipeline. The repurchases are being made in accordance with ASX Listing Rules and the Corporations Act.

What did Perseus Mining management say?

Managing Director & CEO Craig Jones said:

The decision to expand our on-market buyback to A$150 million emphasizes our clear focus on total shareholder return and capital allocation discipline. Our operations continue to produce solid and sustained cash flows. Given the current market conditions continue to undervalue our high-margin production profile and organic upside, buying back our own shares represents a highly accretive use of capital. This expansion allows us to efficiently return value to our shareholders while preserving our strong balance sheet to execute our corporate growth initiatives.

What’s next for Perseus Mining?

Looking ahead, Perseus plans to continue balancing capital returns with growth investments. Management remains focused on leveraging strong free cash flow to return value to shareholders, while maintaining financial flexibility for further growth initiatives.

Investors can expect ongoing updates on the buy-back’s progress and any developments impacting the company’s growth pipeline or capital management strategy.

Perseus Mining share price snapshot

Over the past 12 months, Perseus Mining 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 Perseus Mining expands share buy-back to $150 million: June 2026 update appeared first on The Motley Fool Australia.

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• Elders confirms Killara Feedlot sale completion for June 2026
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• Transurban earnings: M7-M12 project and A25 sale boost outlook

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 Atlas Arteria Group (ASX: ALX) share price is in focus today after Diamond Infraco 1 Pty Ltd, a subsidiary of IFM Global Infrastructure Fund, increased its takeover offer to $5.10 per security – a 17.8% premium to the pre-offer closing price. The improved bid has also removed several offer conditions, leaving only prescribed occurrences outstanding.

What did Atlas Arteria report?

• Offer price increased from $4.75 to $5.10 per security
• The new offer represents a 17.8% premium to the closing price on 24 April 2026
• Bidder’s voting power in Atlas Arteria now stands at 34.59%
• The offer is unconditional except for ‘no prescribed occurrences’
• Bidders authorised to acquire securities on-market at or below the offer price

What else do investors need to know?

The bidder has declared the $5.10 offer “best and final” in the absence of a competing proposal, meaning it won’t be raised further unless another suitor emerges. Shareholders can also choose to sell on-market for T+2 settlement terms at or above the offer price, but should be aware that brokerage fees may apply.

Diamond Infraco has highlighted that the offer gives a cash certain value now, contrasted against the risks and uncertainty of Atlas Arteria’s alternative plans, such as a potential Chicago Skyway sale. The company stressed that a sale has already been under consideration for over a year, with no firm outcome.

What’s next for Atlas Arteria?

The offer remains open until 7:00pm on 25 June 2026, unless extended. If accepted, shareholders who go via the offer will generally receive payment within 21 days of the offer closing, while those selling on-market settle in two business days but forfeit further participation.

Looking ahead, the next key event will be the resolution of the sole remaining offer condition (no prescribed occurrences) and the board’s recommendation. Shareholders are encouraged to review all documents and consider their options.

Atlas Arteria share price snapshot

Over the past 12 months, Atlas Arteria shares have declined 6%, trailing the S&P/ASX 200 Index (ASX: XJO) which has risen 3% over the same period.

View Original Announcement

The post Atlas Arteria: Takeover offer lifted to $5.10 per security appeared first on The Motley Fool Australia.

More reading

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• Transurban earnings: M7-M12 project and A25 sale boost outlook
• $5,000 invested in the ASX 200 at the start of 2026 is now worth…
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• ASX settles ASIC lawsuit, updates on CHESS project and penalty

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.

Share prices are changing all the time, giving investors the chance to deliver pleasing returns if they can buy the right ASX share at the right time.

Analysts like to pick out opportunities that seem like they could outperform. A price target tells us where analysts think the share price could go over the next 12 months.

A price target isn’t a guaranteed return of course, but it’s interesting to see how bullish some analysts are. Let’s take a look at two ASX shares that are predicted to generate very large returns.

Myer Holdings Ltd (ASX: MYR)

Myer is one of Australia’s main department store businesses, with 56 locations. It also has a number of apparel brands including Just Jeans, Jay Jays, Portmans, Dotti, Jacqui E, sass & bide, Marcs, and David Lawrence.

According to CMC Invest, the average price target of three analysts over the last three months is 49 cents, which suggests a possible rise of 92% in the next three months.

The Myer share price was trading above 50 cents less than a year ago, but updates from the business have not been strong enough to give the market confidence to keep the valuation at that level amid rising interest rates.

The most recent update from the company was the FY26 first-half result. Excluding the artificial financial benefit of acquiring the apparel brands from Premier Investments Ltd (ASX: PMV), which Myer called its pro forma figures, total sales only grew by 2.1% and operating gross profit was flat.

Underlying pro forma operating profit (EBIT) declined 17.2% because of “investment in strategic initiatives”, while pro forma net profit declined by 17.3%.

With profit going backwards, you can see why investors became more pessimistic.

But, the business is working on a number of initiatives to boost earnings, including improving its loyalty program, integrating the acquired apparel brands and “resetting” its fashion and beauty offerings.

According to the projection on CMC Invest, the Myer share price is valued at just 7x FY26’s estimated earnings with a possible grossed-up dividend yield of 11%, including franking credits, at the time of writing.

Aeris Resources Ltd (ASX: AIS)

The other ASX share with a very promising outlook for returns, according to analysts, is Aeris Resources. It describes itself as a mid-tier base and precious metals producer. Its copper-focused portfolio includes three operating assets, as well as an exploration portfolio.

According to CMC Invest, there have been five analyst ratings on the business within the last three months. The average price target is 75 cents, which implies a possible rise of 100% over the next year.

The company’s exposure to copper (and gold) is compelling because of the expected long-term demand growth of copper with global electrification and other tailwinds.

Using the projections on CMC Invest, the business is forecast to generate earnings per share (EPS) of 12.7 cents in FY26 and 19 cents in FY27. That means it’s valued at around 3x FY26’s estimated earnings and 2x FY27’s estimated earnings.

The post 2 ASX shares tipped to grow 90% or more in the next 12 months appeared first on The Motley Fool Australia.

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Motley Fool contributor Tristan Harrison 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 recommended Myer and Premier Investments. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

The IperionX Ltd (ASX: IPX) share price is in focus after the company announced the US$3 million acquisition of critical mineral and mining assets adjacent to its flagship Titan Project in Tennessee. The deal consolidates IperionX’s position in the Big Sandy Critical Minerals Province and brings together established infrastructure and large stockpiles of pre-processed rare earth minerals.

What did IperionX report?

• IperionX to acquire Covia Solutions’ Camden mineral and mining assets for US$3 million in cash
• Acquisition includes mineral rights, pre-processed mineral stockpiles, mining and processing equipment, and about 2,800 acres of property
• Assets are located next to the Titan Project, enabling potential synergies and development flexibility
• Potential access to heavy rare earth minerals, titanium, and zircon in the McNairy Formation
• All material transaction conditions satisfied; only standard administrative items remain

What else do investors need to know?

The Camden acquisition expands IperionX’s footprint in a critical minerals region, strengthening its push to build an end-to-end U.S. supply chain for rare earths and titanium. The assets add significant mineral stockpiles and established infrastructure, which may reduce development costs and timeframes compared to building from scratch. Historic operations at Camden focused on silica sand, leaving valuable mineral fractions available for further evaluation.

With Titan already holding key permits, IperionX now has the opportunity to integrate project planning and infrastructure across both sites. The company plans surveys, drilling, and metallurgical testing to assess feedstock quality and potential production pathways.

What did IperionX management say?

CEO & Managing Director Taso Arima said:

This is a strategically important acquisition for IperionX and for the United States. Camden adds pre-processed stockpiled minerals, pre-stripped mineral horizons, mineral rights, processing equipment and infrastructure within the same McNairy critical mineral system that hosts Titan.

By combining Covia’s Camden assets with Titan, IperionX is consolidating one of America’s most important mineral-sands province, creating exceptional synergies. Our goal is to build a resilient domestic platform that connects Tennessee critical minerals with downstream U.S. titanium metal production and advanced manufacturing in Virginia, while supporting future U.S. rare earth separation, magnet and advanced materials supply chains.

What’s next for IperionX?

IperionX intends to quickly move forward with technical evaluation and exploration at Camden, including sampling, mineral analysis, and feasibility work. The near-term focus is on understanding how the new assets can complement the Titan Project and support early-stage production flexibility.

Longer term, the combined Titan-Camden platform aims to supply critical minerals for the U.S. defense, clean energy and manufacturing sectors, supporting the company’s downstream titanium metal and advanced materials operations in Virginia. This positions IperionX to help address domestic supply chain challenges for rare earths, titanium, and zircon.

IperionX share price snapshot

Over the past 12 months, IperionX shares have risen 11%, outperforming the S&P/ASX 200 Index (ASX: XJO) which has risen 3% over the same period.

View Original Announcement

The post IperionX snaps up rare earths assets to strengthen U.S. critical minerals position appeared first on The Motley Fool Australia.

More reading

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• $5,000 invested in the ASX 200 at the start of 2026 is now worth…
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• ASX settles ASIC lawsuit, updates on CHESS project and penalty

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.

At the start of each week, I like to look at ASIC’s short position report to find out which ASX shares are being targeted by short sellers.

That’s because I believe it is worth keeping a close eye on short interest levels as high levels can sometimes be a sign that something isn’t quite right with a company.

With that in mind, here are the 10 most shorted shares on the ASX this week according to ASIC:

• Lotus Resources Ltd (ASX: LOT) continues its run as the most shorted ASX share after its short interest remained flat at 20%. A very disappointing quarterly update from this uranium producer has weighed heavily on sentiment.
• Domino’s Pizza Enterprises Ltd (ASX: DMP) has seen its short interest ease to 14.8%. Short sellers continue to target the pizza chain operator, possibly on the belief that its turnaround will take longer than hoped.
• Telix Pharmaceuticals Ltd (ASX: TLX) has short interest of 14.8%, which is down slightly week on week. This may be due to the radiopharmaceuticals company struggling with US FDA approvals over the past 18 months.
• Boss Energy Ltd (ASX: BOE) has short interest of 14%, which is flat again week on week. The uranium miner’s uncertain production outlook beyond 2026 is largely behind this.
• Guzman Y Gomez Ltd (ASX: GYG) has short interest of 12.7%, which is up week on week. Short sellers aren’t giving up on this quick service restaurant operator despite a recent rally following the closure of its loss-making US operations.
• Treasury Wine Estates Ltd (ASX: TWE) has 12.6% of its shares held short, which is down week on week. A positive investor day update from the wine giant could be behind the decline in short interest.
• DroneShield Ltd (ASX: DRO) has short interest of 12.3%, which is up week on week. This may have been driven by the ASIC investigation into some of the counter-drone technology company’s announcements and insider share sales.
• CAR Group Limited (ASX: CAR) has short interest of 11.8%, which is up since last week. Short sellers may believe higher interest rates and rising fuel costs could weigh on the automotive market.
• Flight Centre Travel Group Ltd (ASX: FLT) has 11.2% of its shares held short, which is up week on week. Short sellers appear to believe the Middle East conflict could negatively impact the travel agent’s performance.
• 4DMedical Ltd (ASX: 4DX) has entered the top ten with short interest of 11.1%. This medical technology company has a lofty valuation following a stunning gain over the past 12 months.

The post Here are the 10 most shorted ASX shares appeared first on The Motley Fool Australia.

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Motley Fool contributor James Mickleboro has positions in Domino’s Pizza Enterprises and Treasury Wine Estates. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended Domino’s Pizza Enterprises, DroneShield, Telix Pharmaceuticals, and Treasury Wine Estates. The Motley Fool Australia has positions in and has recommended Treasury Wine Estates. The Motley Fool Australia has recommended CAR Group Ltd, Domino’s Pizza Enterprises, Flight Centre Travel Group, and Telix Pharmaceuticals. 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 the completion of the M7-M12 Integration Project in Sydney and the agreed sale of its remaining A25 asset in Montreal. May traffic numbers also nudged higher, reflecting resilience against current economic headwinds.

What did Transurban report?

• Completion of the M7-M12 Integration Project, adding a third lane along a 26-kilometre stretch of Sydney’s M7 Motorway
• Agreement to sell Transurban’s remaining 50% interest in Montreal’s A25 concession for CAD 280 million
• Group traffic rose 0.1% in May versus the prior corresponding period
• Strong growth in North America, with Greater Washington Area traffic up 2.4% in May
• Commercial vehicle traffic across Australian markets increased by 4.0% in May

What else do investors need to know?

The M7-M12 project is set to boost capacity by up to 30,000 vehicles per day, providing improved travel times, reduced congestion, and connecting to the new Western Sydney Airport. According to management, peak-hour trips between Marsden Park and Liverpool are now up to 13 minutes faster.

Transurban’s CAD 280 million A25 sale proceeds will support ongoing North America growth initiatives, particularly in the Greater Washington Area. Staff at A25 will transition to the new owner, La Caisse.

While Sydney and Melbourne traffic grew (up 0.1% and 1.7% respectively), Brisbane traffic declined by 3.2% due to unusually heavy rainfall. The group highlights the resilience of its CPI-linked revenues in managing inflation impacts.

What did Transurban management say?

Transurban CEO Michelle Jablko commented:

We have delivered 26 kilometres of widened M7, making a typical peak-hour trip between Marsden Park and Liverpool up to 13 minutes faster and saving customers a total of up to 27 minutes when compared to the non-tolled alternative.

What’s next for Transurban?

Transurban will continue to monitor macroeconomic and geopolitical factors, focusing on disciplined balance sheet management and customer value delivery. Proceeds from the A25 sale will be channelled into further growth in North America.

Through ongoing upgrades and expansions, such as the West Gate Tunnel in Melbourne, Transurban aims to support urban development and maintain stable, CPI-linked revenues. Management maintains a confident outlook, reinforced by the essential nature of its transport assets.

Transurban share price snapshot

Over the past 12 months, Transurban shares have risen 8%, outperforming the S&P/ASX 200 Index (ASX: XJO) which has risen 3% over the same period.

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The post Transurban earnings: M7-M12 project and A25 sale boost outlook 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 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.