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UBSUpgradedBuy54d ago
Price targetA$2.11

What's the latest news on ASX:CNI?

Centuria Capital Group Says Bathla Group Project in New South Wales Receives Occupation Certificate

Centuria Capital Group (ASX:CNI) said troubled property developer Bathla Group's Sanctuary Quarter residential community in New South Wales received an occupation certificate, allowing it to progress through the settlement process for sales, subject to title issuance, according to a Tuesday filing with the Australian bourse.The company said its Centuria Bass division continues to target an orderly and timely recovery of investor capital from exposures to the Bathla Group.Centuria Capital Group's shares were up nearly 2% in recent Tuesday trade.

Centuria Capital Group Says Mitsubishi UFJ Financial Group Reduces Stake

Centuria Capital Group (ASX:CNI) received notice that Mitsubishi UFJ Financial Group decreased their holdings in the company to 6.54% from 7.56%, according to an Australian bourse filing on Thursday after market hours.Mitsubishi UFJ Financial Group now own 65.6 million shares in the company, the filing said.

ASX Biggest Gainers

Here are the ASX-listed companies with the biggest gains on Tuesday.Sunrise Energy Metals (ASX:SRL): +14%, AU$18.31Predictive Discovery (ASX:PDI): +7%, AU$4.67Core Exploration (ASX:CXO): +5%, AU$0.35Arafura Rare Earths (ASX:ARU): +5%, AU$0.21Downer EDI (ASX:DOW): +5%, AU$6.76EQ Resources (ASX:EQR): +4%, AU$0.38Brazilian Rare Earths (ASX:BRE): +4%, AU$3.82Centuria Capital (ASX:CNI): +4%, AU$1.33Lindian Resources (ASX:LIN): +3%, AU$0.69MAAS Group (ASX:MGH): +3%, AU$5.83

ASX 200ASX:ARUASX:BREASX:CNIASX:CXOASX:DOWASX:EQRASX:LINASX:MGHASX:PDIDBASX:SRL

Centuria Capital Group Moves to Single-CEO Structure With Jason Huljich at Helm; Shares Down 9%

Centuria Capital Group (ASX:CNI) appointed Jason Huljich as group CEO, effective Nov. 27, as it moves to a single-CEO structure, according to a Thursday filing with the Australian bourse.John McBain, the company's current joint CEO, is stepping down from the role, also effective Nov. 27, per the filing.McBain, who co-founded Centuria with Huljich, has led the group since April 2008 and will remain as a non-executive director across several group boards.Centuria Capital shares fell 9% in recent Thursday trade.

Centuria Capital Group Fiscal 2026 Operating EPS, Revenue Up

Centuria Capital Group (ASX:CNI) logged AU$0.136 in operating basic EPS for fiscal 2026, compared with AU$0.122 a year ago, a Thursday filing showed.For the 12 months ended June 30, revenue was AU$310 million versus AU$309.4 million previously, the Australia-listed real estate fund manager added.The board declared a final dividend of AU$0.50 per share, down from AU$0.80 a year earlier, payable Aug. 27 to shareholders on record as of June 29.The company expects fiscal 2027 operating earnings per share of AU$0.13 and a dividend of AU$0.104 per share.

Centuria Capital Group Expects No Material Impact From Bathla Group's Voluntary Administration

Centuria Capital Group (ASX:CNI) said property developer Bathla Group's decision to enter into voluntary administration will not have a material impact on Centuria, according to a Tuesday filing with the Australian bourse.The company said it is not a unitholder of any Bathla-related credit funds.The Centuria Bass Credit funds platform has funded six separate assets for the Bathla Group. Two of the Bathla loan facilities relate to construction, with both projects close to completion, while the remaining facilities relate to residual stock loans and land loans.Centuria Capital provided a AU$4.5 million loan facility to a special purpose loan vehicle relating to one of the near-complete construction projects, it said.Centuria Bass is already paying subcontractors directly in relation to the two construction projects, and plans to progress the projects to title issuance to allow for presales.Centuria Capital Group shares gained nearly 2% in recent Wednesday trade.

Centuria Capital's Fiscal 2027 'Sovereign AI technology' EBITDA to Continue to Reflect Significant Upfront Cost Investment, Jefferies Says

Centuria Capital Group's (ASX:CNI) fiscal 2027 "Sovereign AI technology" earnings before interest, taxes, depreciation, and amortization (EBITDA) continued to reflect significant upfront investment, with an earnings upside expected to come through in fiscal 2028 and beyond, according to a Thursday note from Jefferies.Its equity requirement for the upfront 2 megawatts (MW) of CDC Data Centres capacity is around AU$20 million, with a cumulative total requirement of around AU$100 million at full 10 MW deployment. This suggests indicative EBITDA from the first 2 MW deployment of AU$17 million, moving to AU$84 million at full deployment.Centuria secured 72 MW of "power generation units" for a future Centuria data center development within its broader over 250 MW pipeline and outlined a pathway to securing an additional 30 MW of power capacity.The investment firm has a buy rating on Centuria Capital with a price target of AU$2.65 per share.

Centuria Capital Group Secures GPU Financing, Power Capacity for ResetData Growth

Centuria Capital Group(ASX:CNI) said it made significant progress since its June equity raising, with additional power, deployment capacity, and graphics processing unit (GPU) financing to support the next stage of growth at ResetData, its 50%-owned unit, according to a Thursday Australian bourse filing.The company said a master services agreement has been signed with CDC Data Centres commencing with an initial allocation of 7 megawatts and a letter of intent for an increase to 10 megawatts, while about 10 megawatts of capacity is being accelerated within a Centuria data center with potential to fast-track up to an additional 20 megawatts.Centuria secured 72 megawatts of power generation units for delivery in 2028 with multi-site optionality, and executed a AU$165 million GPU bridge financing facility with Macquarie Group's (ASX:MQG) Macquarie Bank unit, it added.

Research54d ago

UBS Upgrades Centuria Capital Group to Buy from Neutral; Price Target is A$2.11

Centuria Capital Group (ASX:CNI) has an average rating of overweight and mean price target of AU$2.19, according to analysts polled by FactSet.

Centuria Capital Says Only Exposure to Bathla Group is Direct AU$4.5 Million Loan Facility to Group Entity

Centuria Capital Group (ASX:CNI) noted the recent report issued by SQM Research and clarified that the only balance sheet exposure of Centuria Capital to the Bathla Group is a direct AU$4.5 million loan facility to a Bathla Group entity, according to a Thursday Australian bourse filing.It noted that it is not a unitholder of the Centuria Bass Credit Fund, which is operated and managed by entities associated with Centuria Bass Credit and currently has six loan facilities to Bathla Group.Two of these facilities are construction loan facilities, one of which has ongoing construction exposure, and that project is substantially complete. The remaining loans are residual stock loans or land loans, all of which continue to accrue interest.Centuria Capital said it plans to engage constructively with SQM Research regarding these matters and seek appropriate clarification and correction where required.Its shares fell 1% in recent trading on Thursday.

Centuria Capital Group's Proposed Sale of Infrastructure Assets to Energy Bay Kappa Fund Under ACCC Review

Centuria Capital Group's (ASX:CNI) proposed sale of certain energy infrastructure assets and operational rights for embedded networks to Energy Bay Kappa Fund is under a phase one review by the Australian Competition and Consumer Commission (ACCC), the regulator said Friday.Centuria Capital's subsidiaries currently operate embedded network infrastructure at some of their sites, but unlike Energy Bay, they do not operate such infrastructure owned by third parties or at properties that are owned and occupied by third parties, the ACCC said.The regulator opened a consultation on the proposed deal with responses due by July 17.

Centuria Capital Group to Acquire 50% Stake in New South Wales Office Assets

Centuria Capital Group (ASX:CNI) agreed to acquire a 50% interest in the office assets located at 680 George Street and 50 Goulburn Street in Sydney, New South Wales, for AU$454 million, according to a Wednesday filing with the Australian bourse.The price represents an acquisition at about 60% below estimated replacement cost, the filing said.The transaction will be held through a newly established single-asset closed-end unlisted fund called the Centuria Sydney CBD Prime Office Fund, per the filing.The company's shares added about 1% in recent Wednesday trade.

Centuria Capital Group Open Retail Entitlement Offer

Centuria Capital Group (ASX:CNI) opened the retail component of the entitlement offer, which is expected to raise about AU$35 million, according to a Friday filing with the Australian bourse.The retail entitlement offer is being conducted on the same terms as the recently completed institutional component, which raised roughly AU$65 million at an issue price of AU$2 per security, the filing said.The offer provides eligible retail securityholders with an opportunity to participate in the retail entitlement offer on a pro rata basis, per the filing.

Centuria Capital Group AU$300 Million Capital Raise Strengthens Balance Sheet, Limits Earnings Impact, Jefferies Says

Centuria Capital Group (ASX:CNI) is undertaking a AU$300 million equity raising to support its ResetData growth pipeline and strengthen its balance sheet, with the transaction expected to be only modestly dilutive to fiscal year 2027 earnings, Jefferies said in a Monday note.The equity raising includes a AU$200 million institutional placement and a 1-for-17 entitlement offer, with about 150 million new securities to be issued at AU$2 each.Jefferies said using the proceeds to repay debt would lift the company's pro forma net asset value by about 2% to AU$1.81 per security, while reducing operating gearing to 3% and look-through gearing to 32%.The firm noted ResetData's development pipeline has grown to 23 megawatts following the addition of 10 megawatts under heads of agreement and master services agreements, while its AI-F1 facility has 1.1 megawatts of live capacity and is 33% utilized.It highlighted that 16 megawatts of the expansion pipeline is under non-binding heads of agreement, including 13 megawatts expiring June 30, with the company seeking extensions but no certainty of conversion to binding contracts.The firm added that the capital raise will support the company's AU$18.3 billion funds platform and fully owned Centuria Bass, with a focus on larger unlisted real estate funds and institutional co-investment opportunities.The firm sees the equity raise cutting fiscal year 2027 earnings by under 1%, excluding any upside from reinvesting into ResetData's expansion pipeline and growth opportunities.Jefferies maintained a buy rating on Centuria Capital while raising the price target to AU$2.66 from AU$2.50.

Centuria Capital Group Completes AU$265 Million Equity Raising; Shares Down 8%

Centuria Capital Group (ASX:CNI) completed an institutional placement and the institutional component of an entitlement offer to raise about AU$265 million in total, according to a Tuesday filing with the Australian bourse.The institutional placement generated about AU$200 million, while the institutional component of a 1-for-17 accelerated entitlement offer generated about AU$65 million, per the filing.The company said the retail component of the entitlement offer will open on June 26 and is expected to raise an additional AU$35 million, completing an aggregate equity raise of AU$300 million.Centuria will issue roughly 133 million securities under the placement and the institutional component of the entitlement offer at a price of AU$2 per security.The company's shares resumed ASX trading as of market open on Tuesday and were down nearly 8% in recent morning activity.

Centuria Capital Group Launches AU$300 Million Equity Raise

Centuria Capital Group (ASX:CNI) launched a AU$300 million fully underwritten equity raising initiative, according to a Monday filing with the Australian bourse.The equity raise includes an institutional placement to generate AU$200 million, and a 1-for-17 accelerated, non-renounceable pro rata entitlement offer to generate AU$100 million, per the filing.The company said it expects to issue about 150 million new shares under the equity raise at a price of AU$2 each.Centuria will use the proceeds to accelerate growth across its ResetData business and its real estate equity and credit funds management platforms.The company also reaffirmed its fiscal 2026 operating earnings guidance of AU$0.136 per security.

Centuria Capital Group Declares Dividend

Centuria Capital Group (ASX:CNI) declared a dividend of AU$0.052 per share for the six months ending June 30, according to a Friday Australian bourse filing.The dividend will be paid on Aug. 27 to holders of record as of June 29, the filing said.The company paid the same dividend in the prior corresponding period, an earlier filing showed.The company's shares rose 2% in recent Friday trade.

Centuria Capital Says Australian Retirement Trust Becomes Substantial Holder

Centuria Capital (ASX:CNI) said Australian Retirement Trust became a substantial holder in the company on June 16 with a stake of around 5.07% or 43.1 million shares, according to a Thursday Australian bourse filing.

Centuria Capital Group's Investor Day Lacks Details on Growth Financing of ResetData Unit, Jefferies Says

Centuria Capital Group's (ASX:CNI) investor day lacked details regarding the long-term financing of its Sovereign AI subsidiary, ResetData, but was reflective of the 35% stock price surge over the last month, Jefferies said in a Tuesday note.The day centered on demonstrating the value of being an Nvidia Cloud Partner, demystifying common thinking around its sovereign AI supercomputer and AI Factory called AI-F1, and how the Centuria Industrial REIT (ASX:CIP) property portfolio can aid in the scale-up.The company also focused on ResetData's growth strategy rather than specific capital expenditure figures, with management expecting a payback period of two to three years on its NVIDIA chip investments.To secure high margins, ResetData maintained that it is avoiding being "the lowest cost producer," focusing on premium, differentiated services bolstered by local sovereign data status and strategic partnerships, Jefferies said.Additionally, the company plans to utilize its property portfolio to bring major new data centers online in Clayton and Thomastown in Victoria by 2029 to 2030.Jefferies reaffirmed its buy rating and AU$2.50 price target on Centuria Capital Group.Centuria Capital Group shares fell 3% in morning trade on Wednesday.

Centuria Capital Group's Current Market Cap Fails to Capture Potential of ResetData Unit, Jefferies Says

Centuria Capital Group's (ASX:CNI) current AU$1.9 billion market capital fails to capture the growth potential of its Sovereign AI subsidiary, ResetData, Jefferies said in a Monday note.Although ResetData currently operates at a loss and is not expected to break even until fiscal 2029, a planned capacity expansion to 13 megawatts from 1.1 megawatts could change its financial profile, the financial services firm said.The expansion is expected to generate roughly AU$147 million in annualized revenue and AU$63 million in earnings before interest, taxes, depreciation, and amortization.Applying the valuation framework from global Neocloud peers yields a potential enterprise value for ResetData of between AU$404 million and AU$5.3 billion.However, the figures rely on a range of assumptions and do not explain how the company will fund the required capital for growth, according to Jefferies.The company currently owns only 50% of the business, but it retains a five-year call option to secure full ownership by 2029.Jefferies reaffirmed its buy rating and AU$2.50 price target on Centuria Capital Group.Centuria Capital Group shares fell nearly 1% in midday trade Tuesday.

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