Azzet reports on three ASX stocks with market-moving updates to share today.
Boss Energy tanks after posted mixed quarterly update.
Shares in Boss Energy (ASX: BOE) were down a whopping 40% at the open to $2.03 after the ASX 200 uranium stock posted a mixed-bag fourth quarter update which signalled some cost-related headwinds.
What appears to have spooked investors the most is the miner’s FY26 cost guidance for the Honeymoon Project that is considerably higher than the market was expecting.
The project is targeting production of 1.6Mlbs U3O8 with a C1 cash cost of $41 to $45/lb (US$27-29/lb) and all in sustaining cost (AISC) cost of $64 to $70/lb (US$41-45/lb).
Management attributes higher cash costs to an expected decline in average tenor and an optimised lixiviant chemistry.
Boss Energy's managing director, Duncan Craib attempted to appease the market by reminding them that production is on track to ramp up significantly over FY26.
“With production on track to ramp up significantly over FY26, we will see the financial strengths of Honeymoon come to the fore with cashflow set to increase substantially,” said Craig.
“In parallel with the ongoing ramp-up, we are driving our exploration program forward with the aim of creating value by establishing new resources.”
This is expected to result in updated resource estimates for Gould's Dam and Jason's this quarter, while management has also flagged additional work to continue growing Gould's Dam and progressing greenfield targets.
Noteworthy numbers announced today:
* Full-year production of 872,607 pounds beat 850,000 guidance.
* Annual costs for drummed uranium fell to $36 per pound, compared to guidance of between $37 and $41 per pound.
* Honeymoon project drummed 349,188 pounds of U3O8 in Q4, up 18% from the March quarter.
* 60% jump in IX production to 396,346 pounds.
* $224 million in cash and liquid assets at the end of Q4. $37 million in cash and 1.41 million pounds of uranium inventory. 100,000 pounds of uranium sold at a realised price of US$71.15/lb, down from 150,000 pounds at US$83.50/lb in Q3.
* Cash position decreased from approximately $63.8 million to $36.5 million during the quarter, with significant capex directed toward wellfields and project development.
Today’s update follows revelations last week that Boss Energy's CEO Duncan Craib will step down on 30 September.
In early July, Macquarie downgraded Boss Energy shares to a neutral rating.
Macquarie called the downgrade "a tactical call" in light of Boss' strong outperformance year to date.
Boss Energy has a market cap of $867 million; the share price is down 42% in one year and down 14% year to date.
While the stock’s 200-day moving average is trending higher, there is significant evidence that the long-term bullish trend is near an end.
Consensus is Moderate Buy.
Boss Energy’s price uncertainty appears to have put downward pressure on rival uranium stocks this morning:
Paladin Energy (ASX: PDN) -5.95.
Energy Resources Australia (ASX: ERN) -20%.
Deep Yellow (ASX: DYL) -4.74%
Sprintex rallies on first contract from China’s aquaculture market
Shares in Sprintex Ltd (ASX: SIX) were up whopping 24% heading into lunch after the ASX-listed microcap manufacturer and distributor of clean air compressors announced a lucrative private-label agreement in China’s aquaculture sector.
The company has entered into an exclusive three-year supply deal with Guangdong Baode Technology (BD Compressor) to supply its G15 series jet blowers for use in China’s massive pond-based aquaculture industry.
The deal includes a minimum order value of $9.3 million, with an initial $320,000 order in Q1.
The contract’s staged minimum purchase commitment over three years is expected to provide Sprintex with strong revenue visibility and support operational scale-up:
- $2.25 million in year one.
- $3.21 million in year two.
- $3.85 million in year three.
This watershed agreement marks Sprintex’s first dedicated revenue stream from China’s vast aquaculture market which produces over 50 million tonnes - over 60% of the world’s output - of seafood annually.
Guangdong Province where BD Compressor is focused is understood to singularly generate over 25 million tonnes annually, exceeding the total production of any other country.
The agreement includes a minimum first-quarter order of $320,000 and opens the door to significant future revenue through scalable deployment, with aquaculture farms often requiring hundreds of units.
The company also expects to benefit from regulatory shifts favouring energy-efficient equipment, and the agreement is seen as a strategic growth platform in China.
Commenting on today’s market update, Sprintex's managing director Jay Upton told the market that BD’s established reputation and national network, alongside Sprintex’s leading technology [offering this partnership] is anticipated to deliver thousands of units into the China aquaculture sector and considerable environmental and cost-saving benefits.
“This A$9.3m contract marks Sprintex’s first private-label partnership globally and creates a foundation for sustained growth in China and beyond,” he said.
Upton also reminded the market that projected aquaculture sector growth of 4–5% annually, bodes well for the company’s long-term expansion.
Late March the company launched a $3 million placement on to help pay down debt.
Sprintex Limited has a market cap of $35 million; its share price is up 24% in one year and up 12% in the last week.
The stock’s shares appear to be in a near-term rally within a longer-term bearish trend.
Consensus does not cover stock.
Hello World rallies on earnings upgrade
Shares in Helloworld Travel (ASX: HLO) were trading around 14% higher ($1.69) at noon after the travel distribution company upgraded its full-year earnings guidance.
Despite softer booking volumes, the group guided FY earnings of between $58 million and $62 million.
Today’s update is a reversal of the early May update when management expected earnings to come in between $52 million and $56 million due to inherent market volatility and economic uncertainty over the second half of FY25.
Despite a decline in passenger Total Transaction Value (TTV) due to lower customer numbers and changes in destination preferences, management told the market that the group had managed costs effectively, improved margins, and benefited from a revaluation gain on its 5% shareholding in Webjet Group (ASX: WEB).
Other highlights from today’s trading results include:
- Stronger margins.
- A rise in cruise demand.
- Strong forward bookings for the remainder of the 2025 calendar year and well into FY26.
- The group has re-signed over 96% of its agents.
- Ready Rooms business is up 110% on the previous period.
- The group will release its results on 26 August 2025.
Helloworld Travel has a market cap of $276 million; the share price is down 25% in one year and up 23% in the last month.
The stock’s shares appear to be in a near-term rally within a longer-term bearish trend.
Consensus is Moderate Buy.
This article does not constitute financial or product advice. You should consider independent advice before making financial decisions.
