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Locality Planning Energy Holdings (ASX:LPE) was popular on the HotCopper forum after it entered into a share sale agreement to acquire 100% of PowerHub.
PowerHub has 76 sites and 4,642 service points (SPs), comprising 30 active sites with 1,697 active SPs, a further 187 contracted SPs due to go live by September 2027, and a pipeline of 46 sites with 2,758 SPs.
CEO, Scott Taylor, said the acquisition is a significant milestone in LPE’s growth strategy, expanding the Company’s regional footprint into Tasmania and South Australia, adding scalable developer relationships via an already contracted growth pipeline, and demonstrating LPE’s capability to grow through acquisition.
“The acquisition of PowerHub is a strong fit for us, aligning with our strategy to expand our presence in the embedded networks market and provide greater value to residents and property owners. Our team is excited about bringing our competitive energy offerings and service to our new customers and is committed to a seamless transition, with no disruption to services.”
LPE was up 16.7% to 10.5¢ at the time of writing.
Integrated digital gaming and e-Sports business SportsHero (ASX:SHO) jumped on news it has entered into an agreement with Razer to distribute gaming top-up vouchers and e-pins, spanning gaming, entertainment and lifestyle brands, through HeroPlay.
The agreement covers the supply of over +1,000 gaming-related digital products and services, including top-up vouchers for leading gaming titles including Mobile Legends: Bang Bang, Free Fire, PUBG and Razer Gold, and e-pins for major platforms such as PlayStation Store, Xbox and Roblox.
CEO, Tom Lapping, said the company has built the core HeroPlay platform, partnered with major telcos and proven we can drive strong traffic and consumer engagement with our hyper-casual subscription gaming product.
“Our next phase is to scale up by plugging in the other key product verticals in partnership with globally recognised gaming brands, which have wide reach and mass market appeal.”
SHO was up 18.4% to 4.5c.
ADX Energy (ASX:ADX) improved on news it is ready to resume production testing at the HOCH-1 well in Austria.
“Testing of additional gas zones will commence in two weeks,” EC, Ian Tchacos, said.
“The HOCH-1 well testing results to date are encouraging. The first basin floor fan sand interval of the Hall formation tested has shown excellent productivity characteristics and lateral continuity.”
“The first 2.7 MMCFPD (450 BOEPD) gas flow and the pressure build up confirm favourable reservoir characteristics, sand body extent and a flow rate potential of 3.5 MMCFPD (580 BOEPD),” he said.
ADX jumped 5.88% to 1.8¢ at the time of going to press.
Looking wider, the S&P/ASX 200 opened lower today, dropping 62.00 points or 0.67% to 9,147.40. The bottom performing stocks in this index are Alcoa Corporation (ASX:AAI) and Insurance Australia Group (ASX:IAG), down 6.86% and 6.01% respectively. The index has lost 1.34% for the last five days but sits 1.61% below its 52-week high.
Meanwhile, the Australian Bureau of Statistics (ABS) has found that estimates for average weekly ordinary time earnings for full-time adults increased by 3.7% annually to $2,083.70 in May 2026.
For males the earnings came in at were $2,399.30 (public) and $2,139.50 (private).
For females were $2,154.00 (public) and $1,840.80 (private).
Sean Crick, ABS head of labour statistics, said: growth in average weekly earnings for full-time adults for the six months to May 2026 was 1.6 per cent, the was lowest six-monthly growth since May 2022.
“Annual growth to May 2026 was 3.7 per cent which was the lowest annual increase since November 2022.”
Mr Crick said public sector growth was stronger than in the private sector in the six months to May 2026.
“Public sector average weekly earnings rose by 2.3 per cent while the private sector rose by 1.4 per cent,” said Mr Crick.
All states and industries recorded six monthly rises in average earnings.
The industry with the strongest growth was transport, postal and warehousing (4.3 per cent) followed by Wholesale trade (3.2 per cent).
That’s Thursday’s HotCopper Market Trends, I’m Colin Sandell-Hay - see you for close.
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