The latest drop leaves Star Entertainment shares down more than 30% in 2026, extending what has already been a brutal year for the embattled gaming group.

Despite today's major update, investors are still heading for the exits.

Here's what appears to be driving the sell-off.

New debt package removes immediate funding pressure

According to the release, Star Entertainment has entered a binding refinancing commitment with WhiteHawk Capital Partners.

The 3-year debt facility is worth US$390 million (roughly A$550 million).

The new funding will fully refinance the group's existing debt and provide extra cash to keep the business running.

The 3-year term includes an annual interest rate based on the secured overnight financing rate (SOFR), plus a margin consistent with recent lending agreements. Quarterly repayments will begin on 31 March 2027.

The agreement also sets strict liquidity requirements.

The company must keep at least $50 million in available cash during the first 12 months after financial close. That rises to $75 million between months 12 and 18, and then $100 million after that.

It also includes minimum asset coverage and EBITDA tests starting in late 2026 and early 2027.

The refinancing still depends on final finance documents, regulatory approvals, and completion of the sale of its interest in the Destination Brisbane Consortium.

Management said it is working to complete the deal by 15 May 2026 to meet the conditions tied to the lender waiver announced in February.

Why the share price is still falling

The market's reaction suggests investors are looking beyond the refinancing itself and focusing on what happens next.

While the new funding gives the company more breathing room, it does not fix the bigger problems still hanging over the business.

Star Entertainment is still dealing with weak trading conditions, ongoing regulatory pressure, and the fallout from past compliance failures across its casino operations.

The structure of the deal may also be contributing to the weakness.

This type of rescue financing often comes with tighter lender controls, higher borrowing costs, and strict financial targets that must be met over time.

That leaves less room for further weakness in earnings or cash flow.

After several liquidity scares over the past 18 months, investors now seem to be waiting for proof that management can steady revenue, protect cash, and rebuild confidence under the new debt structure.

Foolish bottom line

Today's refinancing removes the most immediate funding threat and gives the business a clearer path through the next 3 years.

But the share price reaction shows investors are looking beyond short-term survival.

The bigger question now is whether management can improve trading conditions and meet the tougher financial targets built into the new debt package.

The post This beaten-down ASX stock just secured a $550 million lifeline. So why is it falling? appeared first on The Motley Fool Australia.

Four ASX shares that are falling more than most today are listed below. Here's why they are dropping:

4DMedical Ltd (ASX: 4DX)

The 4DMedical share price is down 10% to $5.63. This may have been driven by profit-taking from some investors following a very strong gain last week. Investors were buying the respiratory imaging technology company's shares after it made a big announcement. 4DMedical revealed that its CT:VQ technology has been deployed at the Mayo Clinic in the United States. The company's managing director and CEO, Andreas Fouras, commented: "Mayo's deployment is uniquely significant. When the world's number one hospital chooses to use your technology, it sends the strongest possible signal to the entire U.S. healthcare market about the clinical value and readiness of CT:VQ."

Brainchip Holdings Ltd (ASX: BRN)

The Brainchip share price is down 3.5% to 14 cents. Although this semiconductor company announced a licensing agreement today, the market doesn't appear overly impressed given the customer and the terms. BrainChip has entered into a technology licensing deal with Korea-based semiconductor company EDGEAI for its Akida 2 neuromorphic IP. The company will receive unspecified payments as it provides various deliverables, including IP access, engineering support, and integration services, as well as royalties on product sales. The agreement is global and non-exclusive, meaning EDGEAI is not restricted from working with other technology providers. In addition, it can be terminated by the customer without cause on one month's notice.

Catapult Sports Ltd (ASX: CAT)

The Catapult Sports share price is down 14% to $2.92. This follows the release of the sports technology company's analyst day presentation. Catapult revealed bold growth ambitions, targeting a rise in average annual contract value (ACV) per pro team from US$20,000 to between US$100,000 and US$150,000. However, this will depend on successful upselling to existing teams and launching additional products.

Star Entertainment Group Ltd (ASX: SGR)

The Star Entertainment share price is down 2% to 12.25 cents. This morning, this casino and resorts operator revealed that it has entered into a binding commitment letter with funds associated with WhiteHawk Capital Partners. This is in relation to a refinancing of its debt. It notes that the annual interest rate based on the term SOFR plus a margin that is materially consistent with its recent facility agreements.

The post Why 4DMedical, Brainchip, Catapult, and Star Entertainment shares are falling today appeared first on The Motley Fool Australia.

The company said in a statement to the ASX on Monday that revenue for the first half was $585 million, down from $650 million for the previous corresponding period, while the company posted an EBITDA loss of $8 million compared with a $26 million loss previously.

The net loss including one-off items came in at $110 million compared with $302 million.

Difficult times continue

Star said that revenue was lower primarily due to an 18% fall in gaming revenue, "which was impacted by continued challenging trading conditions (casino industry reforms) and loss of market share''.

The company's funding costs increased by $18 million, reflecting higher debt balances and interest on bank loans.

Star said that since Managing Director Bruce Mathieson Jr had taken on his role in mid-December, "The Star, in consultation with its major shareholders and by leveraging their expertise, has been reviewing the resourcing structure and strategy of The Star's operations, and has commenced a process of restructuring the Group's operations and marketing strategy''.

Mr Mathieson Jr said regarding the result:

Our corporate office is being streamlined, and essential support functions will be managed at the property level in Sydney, Gold Coast and Brisbane. To support long-term success, these changes will strengthen our financial position. We continue to pursue appropriate cost out initiatives and are exploring and implementing initiatives to attract customers to our properties. We are committed to pursuing a transparent, practical and sustainable pathway that ensures our remediation plan is delivered to the standard expected, while supporting consistency, embedment and demonstrable maturity across the group. We have immense potential in our properties, and we are committed to transforming The Star into premier entertainment destinations.

Breaking the result down by state, Sydney generated $323.8 million in revenue, down 10.6%, while Gold Coast generated $212.3 million, down 2.7%.

The Star is now majority-owned by Bally's Corporation after a takeover bid was accepted by shareholders last year, without which there was a high risk the company would have failed.

Independent expert Grant Samuels said at the time that the takeover terms were "not fair", but ultimately the "only lifeline" left for Star Entertainment.

Star Entertainment Group shares were trading 4% lower at 12 cents on Monday morning.

The company was valued at $830 million at the close of trade on Friday.

The post Star Entertainment Group reports a loss but says improvements are in the wings appeared first on The Motley Fool Australia.

In order to receive a dividend, you must own the ASX share before its ex-dividend date.

Here is a sample of the large number of ASX All Ords shares with ex-dividend dates next week.

ASX All Ords shares about to go ex-dividend

Which companies will we hear from today?

The big one today is the half-yearly report from supermarket network Coles Group Ltd (ASX: COL).

Woolworths shares ripped this week after the ASX All Ords consumer staples giant reported a 16% profit lift to $859 million for 1H FY26.

We'll also hear from TPG Telecom Ltd (ASX: TPG), Michael Hill International Ltd (ASX: MHJ), and Pexa Group Ltd (ASX: PXA).

The latest report from The Star Entertainment Group Ltd (ASX: SGR) will also be interesting, as investors seek further news on the turnaround plan for the beleaguered casino operator.

Yesterday, Star Entertainment shares bounced on news of a debt refinancing deal, including extra liquidity to fund the turnaround plan.

The post 35 ASX All Ords shares with ex-dividend dates next week appeared first on The Motley Fool Australia.

Four ASX shares that are falling more than most today are listed below. Here's why they are dropping:

Imricor Medical Systems Inc (ASX: IMR)

The Imricor Medical Systems share price is down 2% to $2.01. This may have been driven by profit-taking from investors following a strong gain on Thursday. Investors were buying the medical device company's shares after it received US FDA approval for its NorthStar Mapping System. NorthStar is the first and only MRI-native 3D mapping and guidance system to receive FDA clearance. Imricor's chair and CEO, Steve Wedan, commented: "At Imricor, we have been building a comprehensive suite of uniquely MRI-compatible devices for two decades. These devices, which include both consumable products and capital equipment, enable doctors to harness the superior soft tissue imaging of MRI to precisely guide minimally invasive procedures in a 100% radiation-free setting."

Ioneer Ltd (ASX: INR)

The Ioneer share price is down 18% to 17 cents. Investors have been selling this lithium developer's shares after it raised capital. Ioneer revealed that it has received firm commitments from institutional, professional, and sophisticated investors to raise approximately US$50 million (approximately A$72 million) at a discount of 18 cents per new share. The company's executive chair, James Calaway, said: "The result of this offering is a strong endorsement of Ioneer's strategy and the market's understanding of the unique value and importance of Rhyolite Ridge to help onshore U.S. critical minerals production. This funding milestone allows us to aggressively move towards commencing construction and advancing discussions with potential strategic partners."

Star Entertainment Group Ltd (ASX: SGR)

The Star Entertainment share price is down 12.5% to 14 cents. This follows the release of the casino and resorts operator's quarterly update. Star reported a 6% increase in revenue to $301 million and positive group EBITDA of $6 million. The latter compares to an EBITDA loss of $13 million in the first quarter. It seems that the market was expecting even more from Star Entertainment.

Whitehaven Coal Ltd (ASX: WHC)

The Whitehaven Coal share price is down 4% to $9.06. This may have been driven by a broker note out of Bell Potter this morning. According to the note, the broker has downgraded the coal miner's shares to a sell rating with an $8.40 price target. It said: "We move to a Sell recommendation with strong recent share price performance. In the medium term, WHC are positioned to capitalise when coal markets sustainably improve with a diversified portfolio of assets in Queensland and New South Wales and strong organic growth optionality."

The post Why Imricor, Ioneer, Star, and Whitehaven Coal shares are falling today appeared first on The Motley Fool Australia.

The December quarter delivered a sharp swing from losses, helped by stronger trading at its Gold Coast property and a higher operator fee from the Brisbane property.

What did Star Entertainment report?

For the three months ended 31 December 2025 (Q2 FY26), Star reported revenue of $301 million, up 6% on the previous quarter, and positive group EBITDA of $6 million, compared with an EBITDA loss of $13 million in Q1.

That is welcome news, but there is a notable caveat because all the EBITDA figures disclosed are before adjusting for significant items, which will be detailed separately when the company releases its half-year results.

The results reflected varied performance levels across the group's properties. The Gold Coast property delivered EBITDA of $10 million, benefiting from seasonally stronger gaming and hospitality volumes. Star Brisbane posted EBITDA of $4 million, driven by operator fee revenue under its casino management agreement, including a one-off true-up related to earlier periods.

By contrast, The Star Sydney remained loss-making, with negative EBITDA of $8 million, reflecting the ongoing impact of mandatory carded play and cash limits in NSW. Management noted that while trading in Sydney has stabilised, revenue levels remain well below historical levels.

What else do investors need to know?

While the return to positive EBITDA is encouraging, it does not signal a clean recovery. Operating conditions remain challenging across all properties due to tighter regulations and ongoing compliance requirements.

Liquidity is also a key issue. Star reported available cash of $130 million at the end of December, but management reiterated that the company's ability to continue as a going concern depends on resolving several material uncertainties. These include refinancing discussions with lenders ahead of upcoming covenant testing, and the timing and quantum of the still-pending AUSTRAC judgment.

The company is currently engaging with existing and potential lenders on a refinancing process, though it cautioned there is no certainty around the outcome or timing.

What comes next?

Star said significant items will be disclosed when it releases its half-year results, which will provide a clearer picture of its underlying profitability and balance sheet position.

Investors will also be watching for updates on refinancing, regulatory outcomes, and whether EBITDA improvements can be sustained beyond seasonal factors.

Foolish bottom line

Returning to positive quarterly EBITDA is an important milestone for Star Entertainment, but the result comes before significant items, and major risks remain around regulation, funding, and compliance. That could be part of the reason why shares are sinking lower today.

Another potential reason could be investors simply taking some recent gains off the table, as Star Entertainment shares had risen 33% over the last year prior to today's announcement.

For investors, this quarter looks more like a step away from the brink than a full turnaround. The half-year results will be critical in determining whether Star is genuinely stabilising or simply enjoying a temporary reprieve.

The post Star Entertainment shares sink 6% despite positive EBITDA appeared first on The Motley Fool Australia.

Four ASX shares that are not letting that hold them back are listed below. Here's why they are rising:

Cedar Woods Properties Ltd (ASX: CWP)

The Cedar Woods share price is up 10% to $8.81. Investors have been buying the property developer's shares after it upgraded its guidance for FY 2026 again. After upgrading its profit growth guidance to 15% (from 10%) in October, Cedar Woods has now lifted its guidance to at least 20% growth for FY 2026. It said: "Supply shortfalls, low unemployment and government support for homebuyers continue to provide tailwinds for the sector. Recent commentary around interest rates is not currently deterring buyers, with the national housing supply shortfall expected to continue to support sales volumes and pricing."

Humm Group Ltd (ASX: HUM)

The Humm share price is up 11% to 73.5 cents. This follows news that debt collector Credit Corp Group Ltd (ASX: CCP) has made an offer to acquire the commercial lender. Credit Corp said: "Credit Corp confirms that it submitted a confidential, conditional, non-binding indicative proposal on 19 November 2025 seeking access to due diligence information, which has not yet been provided." Investors appear to believe this won't be the end of the matter.

Star Entertainment Group Ltd (ASX: SGR)

The Star Entertainment share price is up 9.5% to 11.5 cents. This morning, this casino and resorts operator announced major changes to its leadership for a second day in a row. On Tuesday, Star moved Bruce Mathieson Jnr into the executive chair role following the exit of Steve McCann as CEO. However, Mathieson Jnr has now been moved to the CEO role, with Soo Kim joining as the company's chair following a board meeting yesterday.

Zip Co Ltd (ASX: ZIP)

The Zip share price is up 3% to $3.03. This may have been driven by a bullish broker note out of Macquarie Group Ltd (ASX: MQG) this morning. According to the note, the broker has retained its outperform rating and $4.85 price target on Zip's shares. It said: "Outperform. We forecast Zip to continue to deliver rapid growth supported by increased product adoption, expansion of merchant network, increased customer engagement and digital product innovation. Catalysts: We expect ZIP to deliver attractive TTV growth and NTM in the guidance range, with potential upside risk to earnings."

The post Why Cedar Woods, Humm, Star, and Zip shares are storming higher today appeared first on The Motley Fool Australia.

In morning trade, the casino and resorts operator's shares are up 12% to 11.75 cents.

Why are Star shares rocketing?

Investors have been bidding the company's shares higher following the release of its second announcement in as many days.

On Tuesday, the company revealed that its group CEO and managing director, Steve McCann, was leaving with immediate effect.

Commenting on the news, Star Entertainment's chair, Bruce Mathieson Jnr, said:

On behalf of the Board I want to thank Steve for his strong leadership and hard work during one of the most complex and challenging periods for The Star. Steve joined at a time of crisis for The Star and has helped to deliver a critical financial reset for the business and successfully progressed our Remediation Plan, which have laid the foundations for The Star's long-term future success. We wish him well in his next endeavours.

Speaking about his exit, Mr McCann said:

The strategic investment by Bally's Corporation and Investment Holdings Pty Ltd provides an opportunity for The Star to move in a new direction and pursue a pathway to recovery and future growth. Now is the right time for new leadership to be put in place with the experience and passion to build on that momentum and take The Star forward.

In response, it was revealed that Bruce Mathieson Jnr will take on additional duties as executive chair while a search for a permanent CEO is conducted.

However, that change lasted less than a day.

Chair steps down

Today's announcement reveals that Bruce Mathieson Jnr stepped down as chairman and was appointed as its CEO at a board meeting yesterday. This is subject to agreement of final documentation.

Mathieson Jnr will remain on the board as an executive director.

Replacing him as the company's chair will be Soo Kim, after he was appointed to the role at the board meeting.

The company also revealed that Peter Hodgson and Toni Thornton have resigned as non-executive directors, effective 16 December. This means that the board will now comprise just Soo Kim, Bruce Mathieson Jnr, and George Papanier.

Star's new chair, Soo Kim, commented:

We are fortunate to have Bruce lead our company as CEO. George and I understand what an honour and responsibility it is to join and contribute to the Board. We are confident our best days are ahead.

The post Why are Star shares rocketing 12% today? appeared first on The Motley Fool Australia.

Four ASX shares that are rising more than most today are listed below. Here's why they are climbing:

4DMedical Ltd (ASX: 4DX)

The 4DMedical share price is up a further 15% to $2.82. Investors have been buying this respiratory imaging technology company's shares this week following news that it has received regulatory approval in Canada for its CT:VQ product. It is the world's first and only non-contrast, CT-based ventilation-perfusion imaging solution. 4DMedical highlights that this approval marks a significant expansion of 4DMedical's presence in North America and allows immediate commercial deployment of CT:VQ across Canada through the company's strategic partnership with electronics giant Philips.

DroneShield Ltd (ASX: DRO)

The DroneShield share price is up 20% to $2.76. This morning, this counter drone technology company announced a new contract win valued at $49.6 million from an in-region European reseller on behalf of a European military end-customer. The contract is for handheld counter drone systems, associated accessories, and software updates. Over the past three years, DroneShield revealed that it has received a total of 15 contracts from this reseller worth over $86.5 million.

Electro Optic Systems Holdings Ltd (ASX: EOS)

The EOS share price is up a further 14% to $7.37. The catalyst for this was a big announcement from the defence and space company on Monday. That announcement revealed that EOS has signed a binding conditional contract worth $120 million to manufacture and supply a 100kW high energy laser weapon to a company in the Republic of Korea. This represents the second export order for a 100kW class laser defence system, following a first export order to a Western European customer earlier this year. In response, this morning Bell Potter reiterated its buy rating with an improved price target of $9.00.

Star Entertainment Group Ltd (ASX: SGR)

The Star Entertainment share price is up almost 5% to 11 cents. This morning, the struggling casino and resorts operator announced the exit of its CEO, Steve McCann, with immediate effect. Bruce Mathieson Jnr will take on additional duties as executive chair while a search for a permanent CEO is conducted. McCann said: "Now is the right time for new leadership to be put in place with the experience and passion to build on that momentum and take The Star forward."

The post Why 4DMedical, DroneShield, EOS, and Star shares are rising today appeared first on The Motley Fool Australia.

Four ASX shares that are rising more than most are listed below. Here's why they are storming higher:

JB Hi-Fi Ltd (ASX: JBH)

The JB Hi-Fi share price is up 6% to $114.38. Investors have been buying the retailer's shares after they were sold off on Monday following the release of its full year results. The team at Bell Potter responded positively to the result, reaffirming its buy rating on JB Hi-Fi's shares with an improved price target of $119.00. The broker said: "We retain our view of JBH as one of the most productive retailers globally with leading unit economics (JBH Aus) while also well placed to benefit from the replacement & upgrade cycle of computing & telco devices driven by AI capability/end of useful life. As today's share price correction sees the stock trading at ~24x FY26e P/E (BPe), we see valuation support considering the catalysts of operating leverage in the key parts of the business from FY26e onwards. Retain BUY."

Life360 Inc (ASX: 360)

The Life360 share price is up 8% to $40.89. This follows the release of the location technology company's second quarter update. Life360 posted a 36% increase in revenue to US$115.4 million and a 36% jump in annualised monthly revenue to US$416.1 million. This was driven by a 25% lift in monthly active users to 88 million and 2.5 million paying circles. In light of this strong performance, Life360 upgraded its revenue and adjusted EBITDA guidance for the full year. Its newly appointed CEO, Laren Antonoff, said: "We're seeing the rise of what we call the Anxiety Economy—a shift where families are making more values-based decisions and prioritizing peace of mind in how they spend. That's driving sustained demand for services like ours that help people feel safer, more connected, and in control."

Star Entertainment Group Ltd (ASX: SGR)

The Star Entertainment share price is up 29% to 11.5 cents. This morning, the casino and resorts operator announced that it has entered into binding long-form documentation with Chow Tai Fook Enterprises for a $53 million deal. This is in relation to DBC (the owner of the Queen's Wharf Brisbane Integrated Resort), DGCC (the owner of the Gold Coast joint venture assets), and other assets in Brisbane that are owned or partially owned by The Star.

Tuas Ltd (ASX: TUA)

The Tuas share price is up 29% to $7.13. This morning, this Singapore based telco announced the completion of a $385 million institutional placement. These funds were raised at $5.51 per new share. Tuas is raising funds after signing an agreement to acquire 100% of M1 Limited for an enterprise value of S$1,430 million on a debt-free and cash-free basis. M1 Limited is a Singaporean digital network operator that provides a range of communication services to both retail and enterprise customers. It primarily generates revenue through mobile services, fixed services and handset and equipment sales.

The post Why JB Hi-Fi, Life360, Star, and Tuas shares are racing higher today appeared first on The Motley Fool Australia.

Some invest in safe-haven stocks and assets, while others are willing to take on more risk in the hope of hitting the jackpot.

The Australian recently compiled a list of 10 Australian billionaires, and the stocks they like to invest their money into.

Gina Rinehart

The Australian heiress, billionaire mining magnate, and businesswoman has built a $2 billion stock portfolio through Hancock Prospecting. It consists mainly of mining stocks and exchange-traded funds. The company owns shares in US-listed stocks such as Tesla Inc (NASDAQ: TSLA), Fox Corp (NASDAQ: FOX), and Trump Media & Technology Group Corp (NASDAQ: DJT).

Hancock Prospecting also has exposure in Australian markets. Hancock is a major shareholder in gold producer Ballard Mining Ltd (ASX: BM1), which floated on the ASX on July 14, 2025. 

Gerry Harvey

Australian entrepreneur and executive chairman of Harvey Norman Holdings Ltd (ASX: HVN), Gerry Harvey, backs New-Zealand based Briscoe Group Ltd (ASX: BGP). Briscoe comprises homewares stores and now Rebel Sports outlets. 

Bruce Mathieson

Bruce Mathieson is known for his influence in the Australian pub, hotel, and gambling sectors. 

According to The Australian, Mathieson has some of his fortune locked up in Endeavour Group Ltd (ASX: EDV) shares, shares in Star Entertainment Group Ltd (ASX: SGR), and shares in Mayne Pharma Group Ltd (ASX: MYX). He also has shares in RAS Technology Holdings Ltd (ASX: RHL).

Chris Morris

Chris Morris built share registry services firm Computershare Ltd (ASX: CPU) and maintains a large holding in the business. He also has shares in US data storage company Seagate Technology Holdings PLC (NASDAQ: STX).

James Packer

The Crown Resorts Ltd (ASX: CWN) king sold out of the business in 2022 and has since invested money into US technology stocks. His biggest holdings are in Nvidia Corp (NASDAQ: NVDA), Taiwan Semiconductor Manufacturing Co Ltd (TPE: 2330), Shopify Inc (NASDAQ: SHOP), Spotify Technology SA (NYSE: SPOT), and Monday.Com Ltd (NASDAQ: MNDY).

Alan Rydge

Alan Rudge's wealth is mostly in two ASX-listed companies, which he has led for 45 years – Carlton Investments (ASX: CIN) and EVT Ltd (ASX: EVT). He is also a long-time stockholder of Harvey Norman shares.

Ed Craven

Ed Craven is Australia's youngest billionaire. He is well known for his cryptocurrency gambling empire Stake.com, and Kick streaming. He and his business partner Bijan Tehrani also have a 5% shareholding in Australian bookmaker Pointsbet Holdings Ltd (ASX: PBH).

Bruce Gordon

Bruce Gordon owns the Australian television network WIN Television through his ownership of WIN Corporation, the largest shareholder of Nine Entertainment Co Holdings Ltd (ASX: NEC). He also has shares in Singapore's mobile and telecommunication network Tuas Ltd (ASX: TUA).

Kerry Harmanis

Kerry Harmanis was the founder and executive chairman of Jubilee Mines NL, a highly successful Western Australian nickel miner which he established in 1987. Today, he still dabbles in mining shares, including Talisman Mining Ltd (ASX: TLM) and Centauras Metals Ltd (ASX: CTM).

Mark Creasy

Mark Creasy is one of Australia's most successful prospectors. He has a minority stake in nickel and lithium miner IGO Ltd (ASX: IGO), as well as a handful of other mining stocks. He recently invested into exploration company Lexington Gold Ltd (LON: LEX).

The post Australian billionaires: Which stocks do they own? appeared first on The Motley Fool Australia.

Meanwhile, the brokers have downgraded several ASX All Ords shares to moderate sell ratings.

Some of these ratings are based on valuation. The experts think these shares have gone up too much — beyond their fundamental worth.

Other downgrades are based on company-specific issues.

Sell 'em, say the experts

Here are 8 ASX All Ords shares downgraded over the past month by analysts on the CommSec platform.

Evolution Mining Ltd (ASX: EVN)

The Evolution Mining share price is $7.21, down 0.35% on Tuesday.

This ASX All Ords large-cap was among 17 shares that soared 100% or more in FY25.

The gold stock has lifted 83% over the past 12 months.

CommSec analysts have a consensus moderate sell rating on Evolution Mining.

Morgans put a trim rating on Evolution shares last month after the miner released its quarterly report and an exploration update.

Computershare Ltd (ASX: CPU)

The Computershare share price is $40.15, down 0.94%.

This ASX All Ords industrial share has risen 59% over the past year.

CommSec analysts have a consensus moderate sell rating on the administrative services company.

Damien Nguyen from Morgans is among the analysts with a sell rating on Computershare.

Nguyen explains:

As we anticipate moving into a lower interest rate environment, earnings growth may come under pressure as its margin income shrinks on client cash balances.

We suggest existing investors who have done well out of CPU to consider selling and rotating into stocks with stronger upside potential.

Liontown Resources Ltd (ASX: LTR)

The Liontown share price is 84 cents, up 1.2% on Tuesday.

The ASX All Ords lithium share has fallen 3.5% over the past 12 months.

CommSec analysts have a consensus moderate sell rating on Liontown.

After reviewing the miner's quarterly update released last week, Morgans kept its sell rating in place.

The broker lifted its 12-month price target to 56 cents, which is well below today's share price.

Helia Group Ltd (ASX: HLI)

The Helia share price is $5.11, up 0.69% on Tuesday.

The ASX All Ords financial share has lifted 38% over the past year.

CommSec analysts have a consensus moderate sell rating on the lenders' mortgage insurer.

Objective Corporation Ltd (ASX: OCL)

The Objective Corporation share price is $19.40 per share, up 1.8%.

The ASX All Ords technology share has risen 55% over the past 12 months.

CommSec analysts have a consensus moderate sell rating on the sports analytics company.

Cettire Ltd (ASX: CTT)

The Cettire share price is steady at 28 cents at the time of writing.

This ASX All Ords consumer discretionary share is down 78% over the past year.

CommSec analysts have a consensus moderate sell rating on the online luxury fashion retailer.

Last week, Cettire shares plummeted after the US announced the end of the de minimis exemption from 29 August.

The Star Entertainment Group Ltd (ASX: SGR)

The Star Entertainment share price is 8.3 cents per share, down 2.35% on Tuesday.

The ASX consumer discretionary stock has fallen 84% over the past 12 months.

CommSec analysts have a consensus moderate sell rating on the casino operator.

Last Friday, the Star Entertainment share price weakened on news that its sale of the Queen's Wharf precinct is off.

Centuria Office REIT (ASX: COF)

The Centuria Office REIT share price is $1.26, up 0.8% on Tuesday.

The ASX All Ords real estate investment trust (REIT) has lifted 3% over the past year.

CommSec analysts have a consensus moderate sell rating on the commercial property owner.

The post 8 ASX All Ords shares just downgraded to a sell rating by experts appeared first on The Motley Fool Australia.

Four ASX shares that are falling more than most today are listed below. Here's why they are dropping:

Breville Group Ltd (ASX: BRG)

The Breville share price is down over 3% to $32.14. This follows the release of results from rival home appliance manufacturer De'Longhi at the end of last week. It seems that some investors believe this update could hint at Breville underperforming expectations in FY 2025. The team at Ord Minnett remains reasonably positive on the company. This morning, in response to the De'Longhi update, the broker has retained its accumulate rating and $35.00 price target on its shares. Though, it acknowledges that there are risks in FY 2026 from US trade tariffs.

Canyon Resources Ltd (ASX: CAY)

The Canyon Resources share price is down almost 4% to 25 cents. This follows the release of an update from the bauxite developer this morning. According to the release, Canyon Resources has completed the first drawdown from its US$140 million credit facility with AFG Bank Cameroon. It will be used towards the purchase of rolling stock and progressing key infrastructure workstreams at the Minim Martap project. Management also revealed that it continues to expect to release its updated definitive feasibility study (DFS) on schedule in August.

Gorilla Gold Mines Ltd (ASX: GG8)

The Gorilla Gold Mines share price is down over 1% to 41.5 cents. This morning, the gold developer revealed that it has completed its updated mineral resource estimate for the Mulwarrie Gold Project. Its new estimate is 3.0 Mt at 3.6g/t Au for 350,000 ounces of contained gold. Management notes that this represents a 340% increase on the previous resource estimate and a 29% increase on the previous resource grade estimate. This appears to have been lower than some investors were hoping.

Star Entertainment Group Ltd (ASX: SGR)

The Star Entertainment share price is down a further 6.5% to 8.6 cents. This casino and resorts operator's shares have come under pressure this month after it was unable to sell its stake in Brisbane's Queen's Wharf development. The company stated: "As of this morning, the parties have been unable to reach agreement on a number of outstanding commercial issues which in turn prevent the finalisation of long form documents. The Star proposed to the Joint Venture Partners an extension of the HoA termination date to 6 August 2025 to allow further time to conclude negotiations. However, the proposed extension by The Star was not accepted by the Joint Venture Partners." There are concerns that this could leave the company on the brink of collapse.

The post Why Breville, Canyon Resources, Gorilla Gold, and Star shares are falling today appeared first on The Motley Fool Australia.

The S&P/ASX 200 Consumer Discretionary Index (ASX: XDJ) rose 2.56% over the five trading days.

Meanwhile, the S&P/ASX 200 Index (ASX: XJO) fell 0.06% to close at 8,662 points on Friday.

On Thursday, the Australian Bureau of Statistics reported a 'retail sales surge' in June.

Seasonally adjusted figures showed a 1.2% lift in national retail turnover last month.

This follows a 0.5% rise in May after a flat April. 

The new retail figures followed better-than-expected inflation data for the June quarter released on Wednesday.

The inflation figures raised expectations of an interest rate cut in August, which would boost consumers' spending power.

On Friday, we learned that Australia had been spared a tariff bump after President Trump released a finalised list of tariffs.

The finalised tariffs will come into effect on Thursday.

ASX 200 retail shares led the market last week

Earnings season has now officially begun.

Many top ASX 200 retailers announced when they would reveal their full-year FY25 results last week.

We've included those dates, where available, below.

Shares in the consumer discretionary sector's largest company, Wesfarmers Ltd (ASX: WES), lifted 3.08% to $84.97 last week.

Wesfarmers will release its full-year FY25 results on Thursday, 28 August.

Shares in gaming technology company Aristocrat Leisure Limited (ASX: ALL) rose by 3.01% to $69.21.

JB Hi-Fi Ltd (ASX: JBH) shares rose by 6.31% to close out the week at $112.63.

JB Hi-Fi will report its results on Monday, 11 August.

Shares in furniture retailer Harvey Norman Holdings Limited (ASX: HVN) lifted 3.56% to $5.82 apiece.

The ASX 200 retail share hit a four-year high of $5.85 on Friday.

Breville Group Ltd (ASX: BRG) lifted 3.78% to close the week at $33.24.

Breville will release its results on Wednesday, 20 August.

Shares in Premier Investments Limited (ASX: PMV) lifted 2.18% to $21.10.

Lovisa Holdings Ltd (ASX: LOV) shares rose by 3.08% to close at $33.81.

Lovisa will release its results on Wednesday, 27 August.

Sector fallers last week

The Lottery Corporation Ltd (ASX: TLC) share price declined 1.47% to close out the week at $$5.37.

Last week, the Lottery Corporation announced that Wayne Pickup would be the next Managing Director and CEO.

Pickup will succeed Sue van der Merwe, who announced her retirement in March after a 35-year career in the lottery industry.

The Lottery Corporation will report its results on Wednesday, 20 August.

Outside the ASX 200, Star Entertainment Group Ltd (ASX: SGR) shares fell 23% to 9.2 cents.

The Star Entertainment share price fell to a record low of 9.1 cents on Friday on news that its sale of Queen's Wharf is off.

On Thursday, Star Entertainment reported an unaudited $270 million in revenue for 4Q FY25, down 31% on 4Q FY24.

Star Entertainment is scheduled to release its results on Thursday, 28 August.

ASX 200 market sector snapshot

Here's how the 11 market sectors stacked up last week, according to CommSec data.

Over the five trading days:

Looking ahead

The combination of seemingly contained inflation and expectations of further rate cuts bodes well for ASX 200 retail shares.

Last week, we profiled 7 ASX retail shares with buy ratings.

The post ASX 200 retail sector leads as Aussies start spending again and US keeps tariff at 10% appeared first on The Motley Fool Australia.

Four ASX shares that are falling more than most today are listed below. Here's why they are dropping:

Antipa Minerals Ltd (ASX: AZY)

The Antipa Minerals share price is down 3% to 52.5 cents. This morning, this gold explorer released assay results from the 100%-owned Minyari Gold-Copper Project in the world-class Paterson Province of Western Australia. Antipa's Managing Director, Roger Mason, commented "These latest results continue a steady stream of new discoveries that highlight the broader potential of Minyari Dome, with drilling confirming a new gold-copper discovery and materially extending mineralisation across several deposits." It seems that investors were expecting stronger results.

DroneShield Ltd (ASX: DRO)

The DroneShield share price is down 2% to $3.67. This appears to have been driven by profit taking from investors after a strong gain on Thursday. Investors have been scrambling to buy the counter drone technology company's shares since the release of its second quarter update. DroneShield reported a 480% increase in revenue to $38.8 million. It also confirmed that it has a total of $176.3 million of revenue that has already been received or is under committed purchase orders for 2025 delivery. And with five months left in 2025, this number could still rise meaningfully.

Star Entertainment Group Ltd (ASX: SGR)

The Star Entertainment share price is down 15% to 9.3 cents. Investors have been selling this casino and resorts operator's shares following news that it has been unable to sell its stake in Brisbane's Queen's Wharf development. It said: "As of this morning, the parties have been unable to reach agreement on a number of outstanding commercial issues which in turn prevent the finalisation of long form documents. The Star proposed to the Joint Venture Partners an extension of the HoA termination date to 6 August 2025 to allow further time to conclude negotiations. However, the proposed extension by The Star was not accepted by the Joint Venture Partners." Investors appear concerned that this could leave the company on the brink of collapse.

Syrah Resources Ltd (ASX: SYR)

The Syrah Resources share price is down 28% to 27.25 cents. This morning, the struggling graphite miner revealed that it has raised approximately A$42 million (US$28 million) at a 31.6% discount of 26 cents per new share. The miner will now seek to raise A$28 million (US$18 million) from retail investors through the retail component of its fully underwritten entitlement offer.

The post Why Antipa Minerals, DroneShield, Star, and Syrah shares are dropping today appeared first on The Motley Fool Australia.

Star Entertainment has announced that the deal to sell its 50% stake in Queen's Wharf, plus other assets in Brisbane, is now off.

This is a significant development given that the cash-strapped casino sought to sell the assets to boost its balance sheet.

Revenues are down, with Star Entertainment reporting an unaudited $270 million in revenue for 4Q FY25, down 31% on 4Q FY24.

Star came close to folding earlier this year until a takeover deal, along with the sale of its Brisbane assets, saved it.

Here's what is happening now.

Star Entertainment shares tumble on deal termination

Star had previously inked a deal to sell its Brisbane assets to its Hong Kong joint venture (JV) partners.

Its JV partners are Chow Tai Fook Enterprises Limited and Far East Consortium International Limited.

However, Star and its JV partners were "unable to reach agreement on a number of outstanding commercial issues" relating to the deal.

This means Star Entertainment will have to pay back the $10 million it received from the JV partners by next Wednesday.

Star must also reimburse the JV partners an estimated $31 million in equity contributions by 5 September.

The JV partners are estimated to owe Star $1 million in equity contributions.

If Star Entertainment cannot make these payments, it must give the JV partners its one-third stake in the Dorsett Hotel on the Gold Coast.

Star Entertainment gets to keep the $35 million prepayment for the sale of apartments in the Tower 2 development on the Gold Coast.

The collapse of the deal means Star Entertainment will retain its 50% equity interest in Destination Brisbane Consortium (DBC).

It will also retain its one-third equity interest in Destination Gold Coast Consortium (DGCC).

This means continued part-ownership of the Queen's Wharf precinct and the Charlotte Street Car Park.

It also means continued full ownership of the Brisbane Treasury Hotel and two car parks.

The parent company's guarantee of Star Entertainment's 50% share of the DBC debt facility remains in place.

DBC's total current drawn balance on the debt facility is approximately $1.4 billion.

Star Entertainment will remain responsible for its share of future equity contributions to DBC, estimated at $200 million.

The casino operator warned that additional equity may be required as part of the refinancing of the DBC debt facility.

The debt facility expires in December.

Anyone else want to buy Star's Brisbane assets?

Star Entertainment said it would remain engaged with its JV partners and would update investors if anything changed.

Management said:

The Star is continuing to engage with the Joint Venture Partners and will provide an update if there are any material developments regarding the parties' respective interests in DBC and DGCC.

Meanwhile, Star Entertainment said it would consider "alternative options" as to what to do with its Brisbane assets.

Star Entertainment shares snapshot

Stock in Star Entertainment has crumbled 82% over the past 12 months.

The post Star Entertainment shares tumble 9% after Queen's Wharf deal terminated appeared first on The Motley Fool Australia.

Total returns, including dividends, came in at 13.23% last financial year, according to S&P Global data.

The ASX All Ords slightly underperformed the benchmark S&P/ASX 200 Index (ASX: XJO) for growth last year.

The ASX 200 rose by 9.97% and provided total returns of 13.81%.

As always, there were winners and losers among ASX All Ords shares in FY25.

In this article, we look at the worst performers in terms of share price growth.

These 5 ASX All Ords shares tumbled the most in FY25

1. IDP Education Ltd (ASX: IEL)

The IDP Education share price tumbled 76% to close at $3.67 on 30 June.

IDP Education arranges international student placements in Australia and conducts language tests for students.

In May, IDP Education informed investors that it expects a 28% to 30% fall in student placements in FY25.

On top of that, the company also anticipates an 18% to 20% fall in language tests for the financial year.

Arthur Garipoli of Seneca Financial Solutions says government policy uncertainty about international students has hurt the stock.

This is reflected in the substantial fall in value for the ASX All Ords consumer discretionary share in FY25.

He said: "While the share price has fallen to reflect the downgrade, we see better opportunities elsewhere."

2. Star Entertainment Group Ltd (ASX: SGR)

Star Entertainment shares fell 72% in FY25 as the beleaguered casino operator desperately sought a funding injection.

The ASX All Ords consumer discretionary share closed at 13.5 cents on Monday.

Star Entertainment investors voted overwhelmingly for the proposed takeover by US casino giant Bally's Corporation last month.

About 99% of investors supported the takeover motions put forward at the shareholders' meeting.

Bally's will invest $200 million into the casino operator, supported by another $100 million from Star's biggest single shareholder.

3. Mineral Resources Ltd (ASX: MIN)

The Mineral Resources share price tanked in FY25, falling 60% to a closing value of $21.56 on 30 June.

This ASX All Ords mining share had the year from hell in FY25.

Weak iron ore and lithium prices, along with governance concerns brought about by its CEO's financial dealings, plagued the stock.

Founder Chris Ellison quit as CEO but remains the managing director for now.

The Mineral Resources board ordered Ellison to pay $8.8 million in penalties and forfeit up to $9.6 million in remuneration.

4. Pilbara Minerals Ltd (ASX: PLS)

The Pilbara Minerals share price fell 57% in FY25, closing at $1.335 on 30 June.

Like all ASX All Ords lithium shares, Pilbara Minerals has been hit by falling lithium prices amid a global oversupply.

5. Platinum Asset Management Ltd (ASX: PTM)

The Platinum Asset Management share price fell 56% in FY25 and finished the session on Monday at 46 cents per share.

The struggling fund manager is entertaining the possibility of a merger with L1 Capital, owner of the L1 Long Short Fund Ltd (ASX: LSF).

Platinum issued an update on the potential merger on 18 June.

There has been no price-sensitive news for this ASX All Ords financial share since then.

In its latest monthly funds under management update, Platinum said it had $8,339 million under its control as of 31 May.

There was a net outflow of approximately $1.6 billion in May, including an institutional mandate termination worth about $958 million.

The post These 5 ASX All Ords shares were the biggest fallers of FY25 appeared first on The Motley Fool Australia.

Four ASX shares that are not letting that hold them back are listed below. Here's why they are rising:

Collins Foods Ltd (ASX: CKF)

The Collins Foods share price is up a further 12% to $9.55. Investors have been buying this quick service restaurant operator's shares since the release of its full year results for FY 2025. Collins Foods reported a 2.1% increase in sales to $1,519.5 million but a 14.8% decline in underlying net profit after tax to $51.1 million. However, the latter was ahead of the $44.3 million that analysts at Macquarie were expecting. It also guided to net profit after tax growth in the low to mid-teens for FY 2026. In response, Macquarie said: "FY25 result a strong beat. Momentum is turning across key geographies, with positive FY26TD comps in Australia and Germany."

DroneShield Ltd (ASX: DRO)

The DroneShield share price is up 23% to $2.20. This has been driven by news that the counter drone technology company has received its single largest order in its history. The company advised that it has received a package of three standalone follow-on contracts worth $61.6 million. These are from its privately owned in-country European reseller that is contractually required to distribute the products to a European military customer. DroneShield's CEO, Oleg Vornik, said: "In succession to the $32.2 million repeat order announced on 14 April 2025 for another customer, DroneShield products are now being purchased in material quantities. The scale and frequency of orders has been increasing as leading Military customers are moving from testing hardware to broader rollouts. DroneShield is well placed to meet the increasing demand."

Star Entertainment Group Ltd (ASX: SGR)

The Star Entertainment share price is up 8% to 13.5 cents. This follows news that the casino and resorts operator's shareholders have approved a $300 million rescue package that aims to stop it going bust. Management said: "The strategic investments by Bally's and Investment Holdings provide cash funding and assist The Star's ability to continue as a going concern, helping to avoid outcomes such as voluntary administration, which is likely not to be in the best interests of shareholders."

Virgin Australia Holdings Ltd (ASX: VGN)

The Virgin Australia share price is up 3% to $3.33. This airline operator's shares are taking off again after a successful debut on the ASX boards on Tuesday. The company's IPO raised $685 million via the sale of 236.2 million shares at $2.90 per new share. This means that its shares are now up almost 15% from its listing price.

The post Why Collins Foods, DroneShield, Star Entertainment, and Virgin Australia shares are charging higher appeared first on The Motley Fool Australia.

Meanwhile, the S&P/ASX All Ordinaries Index (ASX: XAO) is down 0.39%.

Star investors have until 10am Monday to lodge their vote on the proposed takeover by US casino giant Bally's Corporation.

The official vote will take place at the General Meeting next Wednesday. Those who cannot attend must lodge their vote beforehand.

Star Entertainment will conduct the meeting at The Star Event Centre in Sydney.

The takeover has been described as the "only lifeline" left for the casino operator by corporate advisor Grant Samuel & Associates.

Grant Samuels was commissioned as the independent expert to examine the takeover terms on behalf of Star's shareholders.

The law requires an independent report on all takeover proposals to help investors decide how they want to vote.

Grant Samuels determined that the takeover terms were "not fair", but ultimately the "only lifeline" left for Star Entertainment.

The proposal involves a $200 million investment from Bally's and a $100 million investment from Star's biggest single shareholder.

The investment will involve the issuance of convertible notes and subordinated debt instruments.

The full conversion of the notes would give Bally's a 53.75% stake in Star Entertainment shares and control of the company.

The full conversion would give Star's biggest shareholder, the Mathieson family's Investment Holdings, a 37.33% stake.

As required by law, Star Entertainment has provided a list of reasons to vote for and against the proposal.

Here is a summary.

Why vote yes?

The key reason is to keep the company afloat.

Star Entertainment said:

The Strategic Investments by each of Bally's and Investment Holdings provide cash funding and assist The Star to continue as a going concern and avoid other consequences, such as voluntary administration, which may not be in the best interests of The Star's Shareholders.

Star Entertainment said there were other reasons to vote yes, namely:

There has been no alternative source of additional funding for a similar quantum available to The Star that has been capable of being implemented.

The Subordinated Debt Instrument already provided to The Star as part of Tranche 1 would otherwise be required to be repaid which would represent an additional funding requirement.

The $58 million proceeds held in escrow following the divestment of The Star Event Centre sale will be released to The Star if Shareholder approval is obtained for the Strategic Investment from Bally's.

The Star has the potential to benefit from the combined financial contribution, experience and expertise of each of Bally's and Investment Holdings.

The Strategic Investments are compatible with the existing arrangements with the lenders under The Star's Senior Facility.

There is an ability for interest payments on the Convertible Notes and Subordinated Debt Instrument to be capitalised which assists in preserving The Star's available cash.

The Independent Expert has concluded that each of the Strategic Investments are reasonable having regard to the interests of the non-Associated Shareholders of The Star.

The case for voting no

Star Entertainment listed the reasons why shareholders may want to vote no.

Among them was the dilution of individual shareholdings and voting power. This is because a huge number of new Star Entertainment shares may be issued to Bally's and Investment Holdings upon conversion of the notes.

Also, ordinary investors are not entitled to participate in the $300 million investment.

The takeover will give control to Bally's and Investment Holdings without a 'control premium' being paid to ordinary shareholders.

Star Entertainment listed "several other important factors" investors should consider when deciding how they'd like to vote.

The company outlines these factors in section 3 of the explanatory memorandum it has sent to investors.

The post Own Star Entertainment shares? Last chance to vote on 'only lifeline' left for company appeared first on The Motley Fool Australia.

Meanwhile, the brokers have downgraded several ASX All Ords stocks to moderate sell ratings.

Some downgrades are based on valuation. The brokers think these ASX shares have simply overshot in price.

Other downgrades are due to concerns over company operations, future earnings potential, and macroeconomic impacts.

Here are 8 ASX All Ords stocks downgraded over the past month by analysts on the CommSec platform.

Time to sell: 8 ASX All Ords stocks just downgraded by the experts

Bank of Queensland Ltd (ASX: BOQ)

The Bank of Queensland share price is steady at $8.05 on Thursday.

The ASX All Ords bank stock has lifted 35% over the past 12 months.

Earlier today, Bank of Queensland shares reached a 52-week high of $8.13.

CommSec analysts have a consensus moderate sell rating on the Bank of Queensland.

Macquarie is among the brokers with a negative view on this ASX All Ords bank stock.

The broker has an underperform rating on the bank with a 12-month share price target of $5.75.

This implies a potential near-30% downside from here.

Wesfarmers Ltd (ASX: WES)

The Wesfarmers share price is $84.46, down 0.17%.

The ASX All Ords consumer discretionary stock has risen 29% over the past year.

CommSec analysts have a consensus moderate sell rating on the conglomerate.

Westpac Banking Corporation (ASX: WBC)

The Westpac share price is $33.12, up 0.045% on Thursday.

The ASX bank stock has lifted 24% over the past 12 months.

CommSec analysts have a consensus moderate sell rating on Westpac.

Reece Ltd (ASX: REH)

The Reece share price is $16.33 per share, up 0.061%.

The ASX All Ords industrials stock has fallen 37% over the past 12 months.

CommSec analysts have a consensus moderate sell rating on the plumbing parts supplier.

Computershare Ltd (ASX: CPU)

The Computershare share price is $40.67, down 1.41%.

The ASX industrial stock has ripped 52% higher over the past year.

CommSec analysts have a consensus moderate sell rating on the administrative services company.

ASX Ltd (ASX: ASX)

ASX shares are trading for $73.41 apiece, down 0.014%.

The ASX All Ords financial stock has ascended 16% over the past 12 months.

CommSec analysts have a consensus moderate sell rating on the share market operator.

Helia Group Ltd (ASX: HLI)

The Helia share price is $5.23, down 0.29% on Thursday.

The ASX All Ords financial stock has lifted 26% over the past year.

CommSec analysts have a consensus moderate sell rating on the lenders' mortgage insurer.

Macquarie has an underperform rating on Helia shares with a 12-month price target of $3.25.

This suggests a potential near-40% downside from here.

The Star Entertainment Group Ltd (ASX: SGR)

The Star Entertainment share price is 12 cents per share, up 4.55% on Thursday.

The ASX consumer discretionary stock has tanked 77% over the past 12 months.

CommSec analysts have a consensus moderate sell rating on the casino operator.

Shareholders will vote on a takeover proposal on 25 June.

The post 8 ASX All Ords stocks downgraded to sell ratings appeared first on The Motley Fool Australia.