Azzet reports on three ASX stocks with price moving updates today.
Bravura Solutions soars on upgraded FY26 guidance
Shares in Bravura Solutions (ASX: BVS) were up 17.4% by 12:50 pm AEST (2:50 am GMT) after the wealth management software solutions company updated its FY26 financial guidance, projecting revenues between $265 million and $275 million (previously in-line with FY25 revenues) and cash earnings between $55 million and $65 million (previously at least $50 million).
Given the magnitude of this update, management gave the market precious little to work with within its revised guidance at 8:31 am AEST (10:31 pm GMT) today.
Underpinning the revised forecast is the strong GBP, increased project revenues in Europe, the Middle East, and Africa market (EMEA), and a focus on operational efficiency, indicating positive growth and strategic positioning in the market.
Today’s tight-lipped update is a refreshing turnaround for shareholders who witnessed a major selloff in mid-August following the market’s negative reaction to its FY25 result.
Bravura reported full-year underlying revenue of $256.8 million, up 3.1% and an underlying net profit of $24.4 million, up $15.6 million from the previous year.
The company declared an unfranked final dividend of 2.92 cents per share and a special dividend of 1.79 cents per share.
However, the market clearly saw recent falls as a buying opportunity, with the share price having exceeded the magnitude of this fall.
Given that Macquarie’s previous FY26 guidance was for cash earnings to be above $50 million (vs FY25 $43.8 million), the stock appears to be in line for an imminent re-rating.
According to E&P Capital, the appointment of a permanent group CEO reduces uncertainty and is a positive development.
“Given the solid recovery of the share price since the sell off at the FY25 result, however, we wouldn't expect a material share price reaction to this news, “ the broker said.
Today’s update follows Monday’s appointment of Colin Greenhill as the company’s new CEO, effective on 1 January.
Greenhill, who brings over 15 years of executive experience in software businesses for financial services and insurance sectors, will be based in London.
Watch out for broker insights into the company’s recent leadership change and Greenhill‘s plans to strengthen Bravura’s market positioning and drive long-term value creation for its stakeholders.
To the uninitiated, Bravura Solutions provides software solutions for the wealth management, life insurance, and funds administration industries. The company delivers platforms and services to help financial institutions manage their operations.
Bravura has a market cap of $1.3 billion; the share price is up 110% over one year and up 35% in the last month.
The stock appears to be in a strong bullish trend, confirmed by multiple indicators.
Consensus is Moderate Buy.
Tamboran Resources jumps on plans to acquires Falcon Oil & Gas in US$172 million Beetaloo consolidation deal
Shares in Tamboran Resources (ASX: TBN) were up around 22.2% after the Beetaloo gas player revealed to the market that it has followed up its funding deal with the Northern Territory government, announced yesterday, with a deal to take over junior partner Falcon Oil & Gas (AIM: FOG, TSX-V: FO).
At 4.50 pm yesterday, management decided to announce its acquisition of the Toronto-listed Falcon for stock and cash in a deal that values Falcon’s operations at C$239 million (A$260 million).
Under the agreement, Tamboran will acquire all Falcon subsidiaries in exchange for 6.54 million Tamboran NYSE common shares and US$23.7 million in cash.
On completion, Falcon shareholders will receive Tamboran stock on a 0.00687-for-1 basis, equating to a 26.8% ownership in the combined entity.
The transaction values Falcon at C$239 million (US$172 million), or C$0.2154 per share — a 19.7% premium to Falcon’s September 29 close on the TSX and a 53.2% premium to its 90-day volume-weighted average price (VWAP).
Tamboran expects the deal to be accretive for its own shareholders, with Falcon’s implied acreage value of US$169 per acre representing a 4% discount to Tamboran’s current US$176-per-acre valuation.
It’s understood that Tamboran and Falcon collectively hold around 2.9 million acres of prospective gas ground in the Beetaloo.
Given that Beetaloo is emerging as a potential major source of gas for the East Coast - despite its remote location and strong environmental opposition from some quarters – there is strong investor interest in the stock.
Since 9 July, the stock has bounced from a recent low of $0.145 to $0.220.
Tamboran interim CEO Dick Stoneburner expects the deal to bolster Tamboran’s ownership in the so-called Phase 2 Development Area in the Beetaloo, where a process is underway through RBC Capital Markets to sell down an interest to a new partner.
Stoneburner described the agreed deal as a “logical consolidation” of two leading players in the remote region.
“Tamboran will have approximately 2.9 million net prospective acres across the Beetaloo Basin, including 22.5% non-operating interest in all DWE checkers,” Stoneburner said.
“Strategically, we believe this transaction will strengthen our ownership over the Phase 2 Development Area, where we are currently undertaking a farmout process with RBC Capital Markets.”
Subject to shareholder and regulatory approvals, the merger is expected to close in the first quarter of 2026.
Stoneburner will remain chairman and interim CEO of Tamboran following completion, with no changes planned to the board.
The acquisition follows Tamboran’s recent final investment decision for its Shenandoah South Pilot Project, underscoring momentum in consolidating the basin ahead of major development phases.
Tamboran has a market cap of $298 million; the share price is up 48% in one year and up 30% in the last week.
The stock appears to be in a Medium-term rally, confirmed by multiple indicators.
Consensus is Strong Buy.
Black Cat Syndicate jumps on new underground drilling results at Paulsens
Shares in Perth-based Black Cat Syndicate (ASX: BC8) were trading around 3.6% higher after the fledgling mid-cap gold miner reported major new underground drilling results from the Paulsens Gold Operation in WA.
Paulsens is an operational underground mine, with a 450ktpa processing facility; gold production restarted in December 2024 and is expected to move to full production during 2025.
Paulsens is understood to have a regional Resource of 4.3Mt @ 4.0g/t Au for 548koz and significant exploration and growth potential.
Highlights of today’s update include a high-grade intercept of 5m at 90.55g/t gold, including 1m at 337g/t, along with multiple other thick, high-grade intersections in both the Main Zone and Gabbro Veins.
These results significantly expand potential resources, with drilling confirming that the new lodes remain open.
Development drives are now underway to bring these zones into future production.
Commenting on today’s update, Black Cat’s managing director, Gareth Solly told the market that the ongoing drilling program at Paulsens continues to unlock exciting near mine opportunities.
“Recent drilling has uncovered thick, high-grade intercepts in untested hangingwall areas of the Main Zone that remain open, presenting a clear pathway to significant Resource additions and near-term production growth - exactly what we mean by More Gold, Sooner,” he said.
Cash and bullion were $55 million at 30 June 2025.
Black Cat Syndicate has a market cap of around $1 billion; the share price is up 220% in one year and up 65% in the last month.
The stock appears to be in a strong bullish trend, confirmed by multiple indicators.
Consensus does not cover this stock.
This article does not constitute financial or product advice. You should consider independent advice before making financial decisions.
