Azzet reports on three stocks with price moving updates today.
ARN Media lifts after axing Kyle and Jackie O ~
Despite the Australian share market tumbling around 1.7% an hour after the market opened today – with all sectors deep into the red - ARN Media (ASX: A1N) managed to defy gravity with the media and entertainment company trading 1.5% higher by 2:10 pm AEDT (3:10 am GMT).
Despite the entire market being dragged down by falls in global markets overnight – due to fears of a Middle East war escalating – ARN opened 4.4% higher with the market giving revelations that the Kyle and Jackie O Show was pulled off the air a huge thumbs up.
The immediate cancellation of the Kyle and Jackie O Show followed a breakdown between co-hosts Jackie “O” Henderson and Kyle Sandilands.
ARN told the market this morning that Henderson had informed the company she could no longer work with Sandilands.
The broadcaster said it had terminated its services agreement with Henderson Media, the vehicle through which she was contracted, and had offered her a new show on the network.
The move comes a year into a lucrative deal between the pair and KIIS FM - one of the country’s highest-rating breakfast programs – which would have earned them $100 million each over 10 years.
ARN also confirmed it had written to Sandilands and his private company, Quasar Media Services, alleging his conduct during the 20 February broadcast constituted serious misconduct and breached his services agreement.
Previously, The Kyle and Jackie O Show had also been a ratings success for Southern Cross Austereo (SCA) in 2005, when the program ran on Sydney's 2Day FM.
Shares in ARN have been bouncing lower since hitting their most recent high of $0.575 early October last year, with ARN’s lacklustre FY25 result – posted 25 February – contributing to recent share price falls.
ARN told the market that 2025 was “a year of transition”, as net profits dropped by 68% and the company continued to combat costs.
In FY25, revenue fell by 10% to $285.2 million, a $30.4 million year-on-year drop, while earnings dropped by 27%, to $45.7 million.
While Metro radio revenue dropped by 16.1%, Digital revenue grew by 6.8%.
ARN delivered 24.1 million in cost-savings during FY25 and increased its initial $40 million cost-out goal to $55 million between 2024 and 2027.
The broadcaster also reduced its net debt by $24.6 million, to $63.8 million due in part to the sale of 8.2% of its SCA stake plus the shedding of Emotive.
ARN Media has a market cap of $110 million; the share price is down 40% in one year and down 7.7% in the last month.
The stock’s shares appear to be weak with little demand from investors.
Consensus is Moderate Sell.
OD6 Metals soars on strategic acquisition
Shares in OD6 Metals (ASX: OD6) were trading 79.6% higher after the ASX junior told the market, after halting trading on Monday, that it was about to acquire a high-grade U.S. fluorspar project in Nevada, signalling a strategic shift towards critical minerals.
The miner has secured an exclusive option to acquire a district-scale cluster of high-grade fluorspar deposits in Nevada - known as the Quinn Fluorspar Project - which covers 48 mining claims, or around 400 hectares.
Located around 220 km north of Las Vegas within a prospective epithermal district, the Quinn Fluorspar Project is understood to feature exceptional grades, with samples up to 94% CaF2, and evidence of historic production.
Notable channel results from the Mammoth Prospect include 15.2 metres at 48% CaF2 and 10.7 metres at 45% CaF2.
Commenting on today’s update, managing director Brett Hazelden flagged the strategic importance of fluorspar as a U.S. critical mineral vital for various high-tech applications, including semiconductors and aerospace.
The U.S. is currently 100% import-dependent on fluorspar, making this a compelling opportunity for OD6.
“The scale of surface mineralisation, exceptional grades, and lack of modern drilling provide OD6 with an opportunity to rapidly unlock value through systematic verification and drill testing,” he said.
“We have been presented with an outstanding opportunity with an exclusive option to acquire this project. We look forward to concluding the due diligence, and should we proceed, commencing surface work and ultimately resource definition.”
To fund the U.S. fluorspar project acquisition, the miner also announced a capital raise of $3.4 million via a two-tranche placement of new shares at $0.05 per share.
The first tranche will see the issue of approximately 49.0 million shares, raising $2.45 million.
The second tranche, subject to shareholder approval, will involve around 17.8 million shares, raising approximately $0.89 million.
These funds are earmarked for critical activities, including due diligence on the Quinn Fluorspar Project, initial surface exploration, and costs associated with completing the acquisition.
The funds will also be allocated towards due diligence, transaction costs, exploration, test work at the company’s existing Splinter Rock and Gulf Creek Projects, and general working capital.
Further deferred payments totalling $3.8 million will be made upon achieving certain milestones, such as drilling approvals and resource declaration.
While the sellers will retain a royalty on fluorspar and other minerals extracted from the project, OD6 retains an option to buy back half of the fluorspar royalty for US$1 million.
Other Key Mineral Assets owned by OD6 include:
- Splinter Rock Project (WA): The company's flagship asset, located north of Esperance, Western Australia. It is one of Australia's largest and highest-grade clay-hosted rare earth deposits, with a Mineral Resource Estimate (MRE) of 682Mt @ 1,338ppm TREO.
- Gulf Creek Copper-Zinc Project (NSW): Located in the New England region of New South Wales, this asset covers 23km² of a historically high-grade copper mine. Recent modern exploration has confirmed high-grade copper mineralisation (up to 4.6% Cu).
- Grass Patch Project (WA): A secondary rare earth project located near Esperance, Western Australia. Reconnaissance drilling in 2023 identified high-grade clay REEs with grades up to 3,340ppm TREO.
As of late 2025, the company maintained a cash position of around $3 million to fund ongoing drilling and metallurgical testing.
OD6 Metals has a market cap of $18 million; the share price is up 155% in one year and up 55% in the last month.
The stock’s shares appear to be in a near-term downtrend confirmed by its 20-day moving average.
Consensus does not cover this stock.
Endeavour Group slides on 1H update
Market speculation over the ability of recently appointed CEO Jayne Hrdlicka to turn around the ailing fortunes of Endeavour Group (ASX:EDV) gathered traction today after the pub and hospitality group fell 5% after reporting a 17% drop in net profit for the half year to $298 million.
Underlying earnings of $563 million were at the top end of company guidance and broadly matched consensus, while statutory net profit of $247 million was also in line, and an interim dividend of 10.8¢ fell short of market expectations.
Today’s result has only galvanised the market’s appetite for greater insight into Hrdlicka’s proposed turnaround strategy, which she is expected to present on 27 May.
The market is already primed for good news around cost-out and further optimisation of the asset base, and suspects potential divestments might be on the cards, including Pinnacle and Paragon wineries.
However, in the wake of today’s result – which saw retail sales growth of 1.3% over the first seven weeks of the second half trail consensus forecasts of 1.8% - there’s mounting speculation that consensus expectations for FY26 earnings per share will be trimmed on the back of lower sales and gross margins in retail.
Hrdlicka is faced with the realisation that Endeavour is now well past the point at which it should have demonstrated its ability to stand on its own two feet after splitting from Woolworths (ASX: WOW) via a demerger on 1 July 2021.
That challenge remains difficult given that Endeavour still pays hundreds of millions annually for shared services.
Hrdlicka has also been left to untangle legacy IT and inventory systems, a process now slated to wrap up by 2030 to reduce operational risk.
A former member of the Woolworths Group Board for over five years, Hrdlicka has to convince the market that the three pillars underpinning her turnaround plan - aggressive pricing & promotion, marketing & loyalty enhancement and operational efficiency & cost extraction – is actually working.
Commenting on today’s update, Hrdlicka told the market that she has the right management team and strategy to leverage scale and market leadership, compete to win and unlock value for our shareholders.
“In a challenging market, our increased focus on value and price leadership has been embraced by our customers and is delivering both sales growth and market share gains,” she said.
“Our Hotels business continues to improve its performance, supported by positive trends in food and bar transactions and growth in gaming revenue driven by targeted investment in refurbishments and new EGMs.”
Endeavour Group has a market cap of $6.7 billion; the share price is down 11% in one year and up 2.5% in the last month.
The stock appears to be in a Medium-term rally, confirmed by multiple indicators.
Consensus is Hold.
This article does not constitute financial or product advice. You should consider independent advice before making financial decisions.
