Azzet reports on three stocks with price-moving updates today.
Monadelphous rises on contract wins
Shares in Monadelphous (ASX: MND) were trading over 5% higher at the open after the engineering large capitalisation stock told the market it had secured around $110 million in new contracts across the resources, energy and renewable sectors.
However, with many shareholders seeing the price rise as an opportune exit point, most of the early gains were gone by 11am.
Management told the market that the biggest win was a four-year maintenance contract with BW Offshore at the BW Opal floating production, storage and offloading facility, about 300 kilometres north-west of Darwin where work is on track to start in early 2026.
In Western Australia, Monadelphous has also picked up work from Rio Tinto at the Hope Downs 2 project in the Pilbara.
The company has also been awarded a contract by Santos in Papua New Guinea to demolish and remove the Hegigio Pipeline Bridge in the Southern Highlands region, with completion expected in the second half of 2026.
Monadelphous’ renewable energy joint venture Zenviron has also secured work from Flow Power to deliver the Bennetts Creek battery project in Victoria’s Latrobe Valley.
The market’s somewhat muted response to the updates suggests that it s becoming somewhat blase about the company’s contract updates.
The contract win follows a $175 million contract win with BHP Group Ltd (ASX: BHP) on 6 January when shareholders proved equally keen to lock-in profits.
The same thing happened on 22 December when the company announced a $250 million contract win with Rio Tinto Ltd (ASX: RIO).
Since mid-December $535 million in new contracts has nudged the Monadelphous share price around 6% higher from $25.55 to $27.16.
At the company's annual general meeting (AGM) in November, chair Rob Velletri said the company had in 2025 secured a record 2.3 billion in new contracts and contract extensions - and added another $570 million since the end of the financial year.
On the strength of those contract wins the price is up 87% in one year and is up 4.6% in the last month.
During the AGM the company told the market to expect revenue for the half-year ending December 30 of around $1.5 billion, with full-year revenue expected to be about 20% to 25% higher than the previous year.
The company has a project pipeline exceeding $2.5 billion and while it consistently wins major contracts, future growth is closely wired to the commodity cycle.
The stock trades at 32 times price-to-earnings, which is high for a mining services company exposed to commodity volatility.
Monadelphous has a market capitalisation of $2.7 billion; the share piece is up 2.7% in the last week.
The stock appears to be in a long-term uptrend confirmed by multiple indicators.
The 20 and 200-day moving averages are upward sloping and signal the stock can be expected to continue rallying in both timeframes.
Consensus recommendation is Hold.
Ansell tumbles on news CEO is retiring
Shares in Ansell (ASX: ANN) were trading 5% lower at noon after the large healthcare stock flagged to the market longstanding CEO Neil Salmon was retiring after 13 years.
The market did not think much of the board’s decision to give to top job to Finland-based Fiskars Group CEO Nathalie Ahlström, who will be based out of Ansell’s Brussels hub in Belgium.
Ahlström has big shoes to fill, with shareholders having witnessed the share price skyrocket from a low of $3.60 when Salmon took over the top job in 2001 to $33.60 today.
However, while Salmon is exiting the CEO role, he not leaving the building entirely and plans to plans to stay on as a special advisor to the board and to Ahlstrom until 30 June.
Commenting on today’s market update, Ansell Chair Nigel Garrard told the market that Ahlström brought exceptional leadership experience, a track record of delivering results in complex global markets, and a deep understanding of innovation and operational excellence.
“These qualities, combined with her strategic vision, will help ensure that Ansell continues to strengthen its market position and deliver long-term value for our stakeholders,” said Garrard.
However, the decision has clearly left the market trying to connect the dots between Ahlström’s experience running a company famous for its premium homeware brands – plus power tools – and Ansell’s reputation as a global leader in safety solutions and an integrated manufacturer of personal protective equipment for healthcare and industrial workplaces.
Despite tariffs imposed on the U.S Trump administration, Ansell – under Salmon’s leadership – achieved strong sales growth and upgraded profits which helped to catapult the share price 50%-plus higher since 2024.
One of Salmon’s other coups was the acquisition of U.S. giant Kimberly-Clark Corporation’s personal protective equipment (PPE) business early in 2024 for $957 million in cash.
Since then, much of the company’s improved operational excellence has been attributed to the successful integration of the Kimberly-Clark PPE business.
While Ansell typically gets treated like a defensive, cash-flow driven play tied to healthcare and industrial activity, it has proven its stripes as a quiet achiever on the ASX200.
Meantime, the market will want greater insight into how Ahlström plans to deliver:
• Revenue growth in healthcare vs industrial: Is one side carrying the other?
• Margins: Can they stay premium vs cheaper gloves and PPE from low-cost regions?
• Debt and cash flow: Does the balance sheet back up long-term stability?
• Managed future corporate activity: Any big M&A or divestments?
Ansell has a number of secondary listings, including the Frankfurt Stock Exchange, including the Stuttgart Stock Exchange, Hamburg Stock Exchange, and Dusseldorf Stock Exchange under the symbol PD1A or PD1.
Shareholders will also want to know if Ahlström’s plans to run the company from Ansell’s Brussels coincides with plans relocate the stock's main listing to a Europe-based bourse.
Ansell has a market capitalisation of $4.8 billion; the share price is down 1.8% in one year and down 7.3% in the last month.
The stock appears to be in a long-term uptrend confirmed by multiple indicators.
The 20 and 200-day moving averages are upward sloping and signal that the stock can be expected to continue rallying in both timeframes.
Consensus recommendation is Moderate Buy.
Linq Minerals rockets on Gilmore Project update
Shares in Linq Minerals (ASX: LNQ) were trading 45% higher in afternoon trading after the junior explorer updated the market on its reverse circulation (RC) drill program on its wholly-owned Gilmore Project in NSW.
Linq Minerals has reported a substantial intercept of 144 metres at 1.0 grams per tonne gold equivalent from its first drill hole at the Dam prospect, 600 metres west of the Gidginbung open pit within the Gilmore Project’s Southern Zone.
This hole was a step out hole located 100 metres along strike to the south of the previous hole which intersected 167m @ 1.87g/t gold equivalent.
The step-out hole TDRCD001 extends the thickness of shallow porphyry gold and copper mineralisation and confirms continuous high-grade mineralisation over a 300-metre strike, reinforcing the potential scale of the Dam and Gidginbung systems.
Each of the four holes intersected porphyry related quartz-sulphide stockwork veining before passing the Dam Footwall Fault, which is the western boundary to gold and copper mineralisation.
Notable highlights from the results include the first Dam hole which intersected 144m @ 1.00 grams per tonne gold equivalent from 84m.
The first Dam hole (TDRCD001) results extend the thickness of shallow gold and copper mineralisation at the site.
Commenting on today’s update, executive Chair Clive Donner told the market that the latest data - combined with recent high-grade results from the Southern Zone beneath and south of the Gidginbung pit - strengthens Linq’s view that the Southern Zone represents a significant mineralised district.
“Overall, the southern zone of the Gilmore Project is delivering fantastic high-grade results with good drill widths. Follow up drilling is being planned next month,” Donner says.
Results from the remaining three Dam holes are expected in the coming weeks while drilling is expected to resume at Dam and Gidginbung in ensuing weeks.
To the uninitiated, Linq Minerals’ Gilmore Project hosts both porphyry copper and epithermal gold systems over roughly 40km of continuous strike, underpinning a global JORC mineral resource estimate of 516 million tonnes containing about 3.7 million ounces of gold and 1.2 million tonnes of copper.
Today’s update follows revelations Last October that the miner had hit its strongest gold intercept in 25 years at its Gilmore project.
A maiden reverse circulation (Rc) drilling program at the Gidginbung gold project returned with significant results, including one from 5 metres at 11.97 grams per tonne (g/t) gold and 0.57% copper (Cu) from 87 metres.
This was accompanied by another find at 21 metres at 2.63 g/t Au and 0.07 per cent Cu from 149 metres, including 3 metres at 9.07 g/t Au and 0.31 per cent Cu.
At 30 September 2025, Linq Minerals and its subsidiary held $8,733,114 in cash reserves.
The stock has a market cap of $18 million; with the share price up 52% in one year.
There is no consensus recommendation on this stock.
This article does not constitute financial or product advice. You should consider independent advice before making financial decisions.