FINWIRES · TerminalLIVE
FINWIRES

ASX:HMC

5 stories mentioning ASX:HMCUpdated 24m ago

Every FINWIRES story that references ASX:HMC, newest first.

Asia

HMC Capital Secures Capacity Investment Scheme Backing for Victoria Project

HMC Capital's (ASX:HMC) Moorabool battery energy storage system project has secured a Capacity Investment Scheme agreement, providing long-term revenue certainty, reducing project risk, and supporting financing ahead of a targeted final investment decision (FID), according to a Thursday Australian bourse filing.The 300 megawatt four-hour battery near Geelong in Victoria, located alongside the operational Victorian Big Battery, is part of an around 5.7 gigawatt development pipeline, with around 2 gigawatts expected to reach FID within 12 to 18 months, per the filing.

ASX:HMC
Asia

HMC Capital's Growth Plans Face Reset on Fundraising Snags, Says Jefferies

HMC Capital (ASX:HMC) may be undergoing a strategy reset from its target of reaching AU$50 billion in assets under management (AUM), primarily due to fundraising headwinds, Jefferies said in a note on Thursday.Jefferies lowered its forward EPS estimates by 1% to negative 21% due to weaker AUM growth.Although the alternative asset manager has not formally withdrawn its target, a lack of assuring track record under the HMC brand might be hindering new fundraising amid tough industry conditions, where capital is increasingly flowing toward mega-managers, it added.Jefferies said a revised growth plan would be the way forward, notably within the company's domestic portfolio of strategies, as it also undertakes measures to deliver AU$15 million in cost savings.The investment firm maintained its buy rating on HMC Capital but cut its price target to AU$3.40 from AU$4.15.

ASX:HMC
Asia

HMC Capital Says State Street Becomes Substantial Holder; Shares Fall 3%

HMC Capital (ASX:HMC) said State Street and its units acquired a voting power of 5.18% in the firm as of Monday, becoming a substantial holder, according to a Wednesday Australian bourse filing.State Street holds 21.4 million ordinary securities of the firm.Its shares fell 3% in recent trading on Wednesday.

ASX:HMC
Asia

HMC Capital Reaffirms Fiscal 2026 Operating Earnings Guidance; Shares Up 15%

HMC Capital (ASX:HMC) reaffirmed its fiscal 2026 pre-tax operating earnings per share (EPS) target of more than AU$0.40 and funds management earnings before interest, taxes, depreciation, and amortization (EBITDA) guidance of AU$85 million, according to a Wednesday Australian bourse filing.The company reiterated its dividend guidance of AU$0.12 per share.The company said co-investment distributions of AU$32 million have been received from HomeCo Daily Needs REIT (ASX:HDN) and DigiCo Infrastructure REIT (ASX:DGT), with HCW not currently paying distributions. Investment income for fiscal 2026 is estimated at more than AU$53 million.From fiscal 2027, HMC said it will provide earnings guidance on an underlying basis to remove the uncertainty and volatility associated with fair value movements on its principal investments.The company's shares rose past 15% in recent Wednesday trade.

ASX:HDNASX:HMC
Asia

HMC Capital Says JPMorgan Chase Becomes Substantial Holder

HMC Capital (ASX:HMC) received notice that JPMorgan Chase and its affiliates became a substantial holder of the company on April 24, according to a Wednesday filing with the Australian bourse.JPMorgan Chase now owns about 21 million shares in the company, representing 5.08% of the issued shares, the filing said.

ASX:HMC

Track with the FINWIRES app suite

FolioX
FolioX
Track ASX:HMC in your portfolio
WheelAI
WheelAI
Analyze ASX:HMC options with the wheel strategy
StockInsider
StockInsider
See market sentiment on ASX:HMC