Welcome to the Fear and Greed Business News Afternoon Report for Thursday, the twenty eighth of November twenty twenty four. I'm suan alma. Every afternoon, We've got the five stories that happened today that you need to know about. Straight Number one, the local share market hit yet another record today with healthcare stocks doing well. The s and PASEX two hundred touched a new high of eighty four hundred and sixty six point seven points before closing up half a percent to eighty four hundred and forty four points. Says. The well Promedicus and ResMed all did well, so to the banks and the insurers. The underperformers included West Farmers, Telstra and Transurban and some of the gold stocks. Really was a bit of a surprising day to day. The leading from Wall Street overnight wasn't strong. Inflation data came out and it said that the US price rises was just a bit higher than expected for the second successive month. That pushed Wall Street lower, Yet the aasex ended higher. Story Number two. The boss of Star Entered Attainment, Steve McCann said the casino was experiencing negative monthly cash flows and has asked for patients to turn the business around. That's patients from both shareholders and lenders. The annual general meeting was held today and certainly shareholders had to be patient because it went on for close to three hours. The general mood not happy. The company announced today a pre tax loss of twenty four million dollars for the first four months of this financial year. Mister McCann said revenue had declined significantly and the cost of transformation and external advice had risen. He also said that the company's exploring asset sales now. Star is trying to raise one hundred and fifty million dollars in capital from external sources. But you can do that. It can access the second tranch of a two hundred million dollar loan. Star has been fined fifteen million dollars by the New South Wales Independent Casino Commission for multiple compliance breaches. It's awaiting an OSTRAK fine for breaches of counter terrorism and anti money laundering laws. It needs to refinance one point six billion dollars in debt for its Queen's Wharf precinct in Brisbane at the end of next year. So mister mccannon's job is very, very busy. The company's share price finished down six percent. Today it's about a third of its peak in late July. Story number three American real estate giant Proprium Capital Partners has been three hundred and seventy four million dollars to buy AV Jennings. The price is nearly double AV jennings trading price, and its share price jumped nearly ninety percent today. Ever since COVID and propping. Even before that, AV Jennings has struggled. Twenty years ago, its share price traded close to twenty dollars. Today it's at sixty two cents. The offer from Proprium is for sixty seven cents a share, and the difference between the offer and the current training price suggests there's a few regulatory hurdles to still overcome. If successful, AV Jennings will become part of AVID Property, which is owned by Proprium Capital. Proprium itself is a large private equity group. Avid focuses on resident the residential market in Australia. AV Jennings has been building home since nineteen thirty two. Its majority shareholder nowadays is a Singaporean based investor, Simon chiong. Sorry Number four The Australian Competition and Consumer Commission is taking online travel agency Webjet to court, alleging it advertised flights without compulsory charges and then requested additional payments after confirming bookings. The Atriable C claims that is deceptive and misleading conduct. Over five years, Webjet has promoted airfares on its app, social media sites and websites that excluded compulsory fees ranging from thirty four dollars ninety to fifty four dollars ninety. At least that's what the Atriable CEE is claiming. Chair Geni Costcadalipe said in a statement that the lowest price must be a true minimum price, not a price subject to further fees and charges. Today, Webjet said it had fully cooperated with the atriablec before the legal action and proactively undertaken a number of steps to further improve its disclosure of pricing and fees and story number five. Fisher and Paykel, the New Zealand based ASX listed respiratory care company, posted slightly disappointing results for the half year to the end of September, sending its share price. Law. New Zealand's biggest company has a dominant position in the ventilators and generators market among hospitals. As patient's numbers increase to pre pandemic levels, earnings have arisen, but not by as much as investors had hoped. Net profit was up forty three percent for the six months. Revenue was up eighteen percent. Chief Executive Lewis Graydon said new products and changes in clinical practices were driving demand for its munification products used in respiratory and surgical care. That's it for the afternoon report for Thursday, the twenty eighth of November twenty twenty four. Michael Thompson and I will be back tomorrow morning with the Friday edition of Peer and Greed Business News. I'm Sean Elmer. Enjoy your evening

Welcome to the Fear and Greed Business News Afternoon Report for Thursday, the twenty eighth of November twenty twenty four. I'm suan alma. Every afternoon, We've got the five stories that happened today that you need to know about. Straight Number one, the local share market hit yet another record today with healthcare stocks doing well. The s and PASEX two hundred touched a new high of eighty four hundred and sixty six point seven points before closing up half a percent to eighty four hundred and forty four points. Says. The well Promedicus and ResMed all did well, so to the banks and the insurers. The underperformers included West Farmers, Telstra and Transurban and some of the gold stocks. Really was a bit of a surprising day to day. The leading from Wall Street overnight wasn't strong. Inflation data came out and it said that the US price rises was just a bit higher than expected for the second successive month. That pushed Wall Street lower, Yet the aasex ended higher. Story Number two. The boss of Star Entered Attainment, Steve McCann said the casino was experiencing negative monthly cash flows and has asked for patients to turn the business around. That's patients from both shareholders and lenders. The annual general meeting was held today and certainly shareholders had to be patient because it went on for close to three hours. The general mood not happy. The company announced today a pre tax loss of twenty four million dollars for the first four months of this financial year. Mister McCann said revenue had declined significantly and the cost of transformation and external advice had risen. He also said that the company's exploring asset sales now. Star is trying to raise one hundred and fifty million dollars in capital from external sources. But you can do that. It can access the second tranch of a two hundred million dollar loan. Star has been fined fifteen million dollars by the New South Wales Independent Casino Commission for multiple compliance breaches. It's awaiting an OSTRAK fine for breaches of counter terrorism and anti money laundering laws. It needs to refinance one point six billion dollars in debt for its Queen's Wharf precinct in Brisbane at the end of next year. So mister mccannon's job is very, very busy. The company's share price finished down six percent. Today it's about a third of its peak in late July. Story number three American real estate giant Proprium Capital Partners has been three hundred and seventy four million dollars to buy AV Jennings. The price is nearly double AV jennings trading price, and its share price jumped nearly ninety percent today. Ever since COVID and propping. Even before that, AV Jennings has struggled. Twenty years ago, its share price traded close to twenty dollars. Today it's at sixty two cents. The offer from Proprium is for sixty seven cents a share, and the difference between the offer and the current training price suggests there's a few regulatory hurdles to still overcome. If successful, AV Jennings will become part of AVID Property, which is owned by Proprium Capital. Proprium itself is a large private equity group. Avid focuses on resident the residential market in Australia. AV Jennings has been building home since nineteen thirty two. Its majority shareholder nowadays is a Singaporean based investor, Simon chiong. Sorry Number four The Australian Competition and Consumer Commission is taking online travel agency Webjet to court, alleging it advertised flights without compulsory charges and then requested additional payments after confirming bookings. The Atriable C claims that is deceptive and misleading conduct. Over five years, Webjet has promoted airfares on its app, social media sites and websites that excluded compulsory fees ranging from thirty four dollars ninety to fifty four dollars ninety. At least that's what the Atriable CEE is claiming. Chair Geni Costcadalipe said in a statement that the lowest price must be a true minimum price, not a price subject to further fees and charges. Today, Webjet said it had fully cooperated with the atriablec before the legal action and proactively undertaken a number of steps to further improve its disclosure of pricing and fees and story number five. Fisher and Paykel, the New Zealand based ASX listed respiratory care company, posted slightly disappointing results for the half year to the end of September, sending its share price. Law. New Zealand's biggest company has a dominant position in the ventilators and generators market among hospitals. As patient's numbers increase to pre pandemic levels, earnings have arisen, but not by as much as investors had hoped. Net profit was up forty three percent for the six months. Revenue was up eighteen percent. Chief Executive Lewis Graydon said new products and changes in clinical practices were driving demand for its munification products used in respiratory and surgical care. That's it for the afternoon report for Thursday, the twenty eighth of November twenty twenty four. Michael Thompson and I will be back tomorrow morning with the Friday edition of Peer and Greed Business News. I'm Sean Elmer. Enjoy your evening