- The market closed at 6.929.00 points
- CIP broke ground on its Canning Vale development
- Retirements and appointments for senior positions were announced
The early bird catches a fairly flat worm as the ASX gained fifty points in the first hour of trading. It dropped off afterwards, finishing up 0.53% for the day.
Centuria Industrial REIT broke ground on its West Australian development, and a retirement and appointment were announced for various companies.
The broader market
The ASX200 closed today at 6,929.00 points, up 36.50 points or 0.53%.
Top-performing ASX shares: 07 November 2022
| Company | Code | Price ($) | Change (%) |
| Capricorn Metals | CMM | 3.845 | +9.875% |
| Lake Resources | LKE | 1.170 | +8.837% |
| Gold Road Resources | GOR | 1.412 | +7.414% |
| Ramelius Resources | RMS | 0.810 | +7.284% |
| Evolution Mining | EVN | 2.145 | +6.716% |
Source: ASX
The movement
Today’s news included the groundbreaking for Centuria Industrial REIT’s (ASX: CIP) 204 Canning Vale property in Western Australia.
The 2.5-hectare brownfield development was secured off-market earlier this year, with the development to comprise an 8,600 square metre tenancy and a 3,700 square metre tenancy.
The asset was valued at $10.1 million in CIP’s Property Compendium FY22, with the estimated on-completion value of the asset circa $31 million.
Read more here.
Adbri Limited (ASX: ABC) announced CFO Theresa Mlikota has resigned. Ms Mlikota has been with the company since 2019.
Ms Mlikota will be in the role until Friday 11 November 2022.
Peter Barker has been appointed as Interim CFO and will assume the role in the coming week.
Peet Limited (ASX: PPC) announced Tony Gallagher has been appointed to the new position of Chief Operating Officer (COO), effective immediately.
Mr Gallagher joined Peet in 2013 and was most recently the Regional General Manager of the Company’s east coast business and will continue to be based in Melbourne and reporting directly to Peet’s Managing Director and CEO, Brendan Gore.
Mr Gore said, “This appointment is made in response to the company’s growth and its significant national portfolio of projects.”
DomaCom (ASX: DCL) announced that it entered an agreement to extend secured convertible notes.
The company announced it has negotiated an extension to the $2.95 million Thundering Herd Convertible Notes. DomaCom said that it has extended the term of the outstanding convertible notes to 1 February 2024.
The conversion price remains unchanged at $0.06551. DomaCom said the agreement improves the financial position of the company in preparation for seeking readmission to ASX quotation.
That’s the latest in ASX-listed real estate companies.
