{"id":7550,"date":"2024-03-25T00:14:29","date_gmt":"2024-03-25T00:14:29","guid":{"rendered":"https:\/\/economicherald.net\/?p=7550"},"modified":"2024-03-25T00:14:29","modified_gmt":"2024-03-25T00:14:29","slug":"top-10-at-11-mcgrath-real-estate-surges-on-takeover-deal","status":"publish","type":"post","link":"https:\/\/economicherald.net\/?p=7550","title":{"rendered":"Top 10 at 11: McGrath real estate surges on takeover deal"},"content":{"rendered":"

Stockhead\u2019s\u00a0Top 10 at 11, published each trading day, highlights the best (and worst) performing ASX stocks in morning trade using live data.<\/p>\n

It\u2019s a short, sharp update to help frame the trading day by showing the biggest movers in percentage terms.<\/p>\n

The market opens at 10am (eastern time) and the data is taken at 10:15am, once every ASX stock has started trading.<\/p>\n

The S&P\/ASX200 is up today, is up gaining\u00a058.80\u00a0points or\u00a00.76%\u00a0to\u00a07,829.40 at 10.50 am (AEDT) with all sectors in the green.<\/p>\n

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WINNERS<\/h2>\n

Stocks highlighted in yellow have made market-moving announcements\u00a0(click\u00a0headings to sort).<\/strong><\/em><\/p>\n

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Code Company Last % Volume MktCap JAV Javelin Minerals Ltd 0.002 100% 2,470,000 $2,176,231 NRX Noronex Limited 0.015 36% 17,244,901 $5,153,249 MRD Mount Ridley Mines 0.002 33% 200,000 $11,677,324 JPR Jupiter Energy 0.021 31% 11,600 $20,378,435 MEA McGrath Ltd 0.59 26% 889,544 $74,813,429 CTN Catalina Resources 0.005 25% 180,261 $4,953,948 FAU First Au Ltd 0.0025 25% 370,000 $3,323,987 WML Woomera Mining Ltd 0.005 25% 2,252,290 $4,872,556 OPL Opyl Limited 0.031 24% 31,250 $4,228,223 IVX Invion Ltd 0.006 20% 160,000 $32,122,661 <\/p>\n

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Shares in real estate company McGrath (ASX:MEA)<\/strong><\/a> are up 26% in morning trade after founder and CEO John McGrath struck a 60c\/share takeover deal with a consortium of global real estate consultancy Knight Frank and \u00a0New Zealand\u2019s largest private held real estate agency Bayleys.<\/p>\n

According to the ASX announcement<\/a> McGrath will receive the unlisted scrip alternative for his 23.3% stake, and will continue as CEO, backed by his existing management, of the business in the deal valuing MEA at ~$95.5m.<\/p>\n

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LOSERS<\/h2>\n

Stocks highlighted in yellow have made market-moving announcements\u00a0(click headings to sort).<\/strong><\/em><\/p>\n

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Code Description Last % Volume MktCap AXP AXP Energy Ltd 0.001 -50% 10,092,651 $11,649,361 RMX Red Mount Mining 0.001 -50% 3,400,000 $5,347,152 RFT Rectifier Technologies 0.02 -44% 6,417,349 $49,751,422 ADX ADX Energy Ltd 0.1175 -38% 8,284,218 $81,478,288 RML Resolution Minerals 0.002 -33% 1,300,000 $3,779,990 SIH Sihayo Gold Limited 0.001 -33% 350,000 $18,306,384 VPR Volt Power Group 0.001 -33% 200,155 $16,074,312 IS3 I Synergy Group Ltd 0.007 -22% 118,000 $2,736,723 ROG Red Sky Energy. 0.004 -20% 73,395 $27,111,136 EOS Electro Optic Systems 1.705 -18% 821,969 $356,170,892 <\/p>\n

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The post Top 10 at 11: McGrath real estate surges on takeover deal<\/a> appeared first on Stockhead<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"

Stockhead\u2019s\u00a0Top 10 at 11, published each trading day, highlights the best (and worst) performing ASX stocks in morning trade using live data. 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