Endeavour Group Ltd (ASX: EDV) shares are edging higher on Monday after a difficult end to reporting season.

At the time of writing, the Endeavour share price is up 0.96% to $3.14.

That follows a rough week for shareholders, with the stock falling around 12% and briefly touching a 3-month low of $3.08.

However, a new ASX filing released after market open has given investors something else to think about.

So, has the recent sell-off gone too far?

CEO loads up

According to the latest ASX filing, chief executive Jayne Hrdlicka bought 323,468 Endeavour shares across 25, 26, and 27 August.

The purchases were made at prices between $3.06 and $3.106 per share and totalled just under $1 million.

That lifted her indirect holding from 4,196 shares to 327,664 shares.

This is a pretty sizeable purchase, especially after the shares were hit hard following last week’s FY26 result.

Endeavour shares are now down around 18% over the past 12 months and are trading well below their 52-week high of $4.12.

Why have Endeavour shares been falling?

The latest result showed why investors have been nervous.

Endeavour reported FY26 sales of $12.2 billion, up 1.3%, but underlying group earnings fell.

Underlying EBIT dropped 8.7% to $845 million, while underlying net profit after tax (NPAT) came in at $363 million, down 14.8%.

Retail was the biggest drag, with sales rising just 0.7% to $10 billion and underlying EBIT falling to $464 million.

Hotels held up better, with sales increasing 4.2% to $2.2 billion and underlying EBIT rising to $462 million.

Statutory profit was much weaker at $52 million after the group booked $372 million of pre-tax restructuring costs and asset write-downs.

The final dividend was also cut, with Endeavour declaring 12 cents per share for FY26.

The next test for Endeavour

Hrdlicka is now pushing ahead with a major restructure aimed at simplifying the business and improving returns.

That includes selling winery assets, cutting grape production, and reviewing weaker parts of the retail and hotel portfolio.

There have at least been some better signs early in FY27. In the first 7 weeks, retail sales were up 4.6%, while hotel sales increased 2.2%.

Brokers are still cautious, though. Recent price targets range from $2.50 at Macquarie to $3.10 at Bell Potter, putting most below the current share price.

The next test will be whether that early sales growth can continue through the rest of the first half.

Keep an eye out for Endeavour’s AGM, which will be held on 30 October.

The post Endeavour shares fell 12% last week. Is the CEO calling the bottom? appeared first on The Motley Fool Australia.

More reading

• 37 ASX shares going ex-dividend next week
• Buy, hold, sell: Whitehaven, Endeavour, Neuren Pharmaceuticals shares
• Endeavour Group FY26 profit tumbles despite sales growth
• 5 things to watch on the ASX 200 on Monday
• 10 ASX 200 shares downgraded by analysts this week

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

Winton Land Ltd (ASX: WTN) has been suspended from quotation on both the ASX and NZX, after recent board changes resulted in non-compliance with governance rules.

What did Winton Land report?

• Winton Land Limited shares suspended from the ASX under Listing Rule 17.2, following a request by the company.
• Suspension also enacted on the NZX upon the advice of NZ RegCo.
• Three directors, including two independent directors, resigned effective 31 August 2026.
• The board now has only one independent director, breaching NZX Listing Rule 2.13.2 for board and audit committee composition.
• Suspension to remain until governance requirements are met and the NZX lifts its suspension.

What else do investors need to know?

The core issue prompting this suspension is the sudden reduction in independent directors on the Winton board, leaving the company in breach of key NZX Listing Rules around board independence and audit committee composition. These rules are designed to ensure robust governance and investor confidence.

Winton Land Limited states that it expects to address these issues by appointing at least one new independent director and restructuring its audit committee. Once these steps are taken and Winton complies with the relevant governance requirements, the company anticipates both the ASX and NZX suspensions will be lifted.

What’s next for Winton Land?

Looking ahead, the immediate priority for Winton is to restore compliance with the NZX governance requirements. This will involve making new independent director appointments and ensuring the audit committee is properly composed.

Until the necessary changes are confirmed and approved by NZX, the Winton Land share price will remain suspended. Investors will be updated as soon as the company meets the listing requirements and trading resumes.

Winton Land share price snapshot

Over the past 12 months, Winton Land shares have declined 50%, significantly trailing the All Ordinaries Index (ASX: XAO).

View Original Announcement

The post Winton Land shares suspended following board resignations appeared first on The Motley Fool Australia.

More reading

• Why this ASX healthcare share is a retiree’s dream for FY27
• Up 88%! Why CSL shares remain an ‘appealing’ buy today
• Endeavour shares fell 12% last week. Is the CEO calling the bottom?
• Cobre secures majority control of Sierra Atacama Copper Project
• Why I think the VAS ETF is a top pick for beginners and experienced investors

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 Cobre Ltd (ASX: CBE) share price is in focus after the company secured majority ownership of the Sierra Atacama Copper Project, taking a decisive step in expanding its copper production platform.

What did Cobre report?

• Became majority owner (62.86% stake) in the Sierra Atacama and Bergbau copper projects in Chile
• Completed USD $12 million capital raise via pro rata entitlement of new convertible non-voting shares
• Secured option to acquire 100% ownership of the Project Companies through the Final Option mechanism
• Sierra Atacama Copper Project moving towards increased copper cathode production into 2027

What else do investors need to know?

The conversion of preference shares and exercise of control options positions Cobre to take the reins at one of Chile’s major copper developments. The pathway remains open for Cobre to consolidate full ownership in the Sierra Atacama and Bergbau projects, subject to the Final Option as previously disclosed.

Cobre’s strategic timing aims to capitalise on rising long-term global copper demand, with supply constraints giving producers a potential advantage. The company’s broader exploration portfolio could also uncover further resources and extend operational life.

What did Cobre management say?

Executive Chairman Martin Holland said:

Today marks a defining moment in Cobre’s evolution. Securing majority ownership of the world-class Sierra Atacama Copper Mine positions Cobre at the heart of one of the most compelling long-term copper opportunities globally.

We are increasing our ownership to majority owner at precisely the right time. Global copper demand is entering an unprecedented period of structural growth, while supply is becoming increasingly constrained. Against this backdrop, Cobre is building a meaningful and growing copper production platform.

With Sierra Atacama ramping up our annual production of copper cathode into 2027, majority ownership provides Cobre with greater exposure to the significant operating and cash-flow upside from this growth.

At the same time, our exploration portfolio provides substantial additional upside, including the potential to unlock further resources and extend the scale and life of our operations.

We believe Cobre is entering a new phase — transitioning from an emerging copper producer into a substantial, growth-focused copper company. For our shareholders, this is a pivotal moment and one that we believe has the potential to create significant long-term value.

What’s next for Cobre?

Cobre is now poised to ramp up copper production from the Sierra Atacama project into 2027. Management highlighted that majority control will help unlock both operational and cash-flow upside, as well as provide scope to pursue further growth and resource expansion.

Looking ahead, Cobre’s focus is on strengthening its production platform, consolidating further ownership, and advancing exploration to grow its resource base and extend mine life. The company’s strategy is to transition from a junior producer to a significant force in the copper industry.

Cobre share price snapshot

Over the past 12 months, Cobre shares have soared more than 700%, strongly outperforming the All Ordinaries Index (ASX: XAO).

View Original Announcement

The post Cobre secures majority control of Sierra Atacama Copper Project appeared first on The Motley Fool Australia.

More reading

• Why this ASX healthcare share is a retiree’s dream for FY27
• Up 88%! Why CSL shares remain an ‘appealing’ buy today
• Endeavour shares fell 12% last week. Is the CEO calling the bottom?
• Winton Land shares suspended following board resignations
• Why I think the VAS ETF is a top pick for beginners and experienced investors

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.