Rio Seeks to Almost Double Bauxite Output From Queensland Mine
Rio Tinto Group is conducting early works and final studies to potentially almost double bauxite production from its Amrun project in far north Queensland by 2029.
The world's second-biggest miner is seeking to develop a new project called Kangwinan, it said Thursday. Its output would replace that of the Andoom and Gove mines, which are both expected to close by the end of this decade.
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Yahoo
14 minutes ago
- Yahoo
Customer shocked by Aussie cafe's extra 30 per cent charge: 'Not normal'
A Sydney woman's breakfast treat got off to a sour start after she was faced with an additional cost she wasn't expecting. After ordering the $13 breakfast combo from the takeaway menu, she went to find a table but was stopped by the cashier who told her she'd have to pay more to sit down to have her egg and bacon roll and hot chocolate. When asked how much, the cashier at the Broadway cafe told her it would be $17 if she wanted to dine-in — an increase of 30 per cent. 'So now sitting comes with a $4 upgrade? Maybe the chair reclines, plays Netflix, and offers emotional support?' the stunned diner said. She declined to pay extra for a table, and instead stood 'awkwardly' in front of a bank, 'holding my greasy brown paper bag and eating like a pigeon' while she waited for the bank to open. The customer, who preferred to remain anonymous, told Yahoo News the charge came as a shock and has changed the way she buys coffee. "I mean, I know life is getting more and more expensive, but that much just to sit down and enjoy the brekky, then I don't think it's normal," she said. The woman said she couldn't see any signs advising of the price difference, but later noted the menu had 'takeaway' written on it. Another customer's review of the cafe from three years ago complained of the same issue. She was told a takeaway coffee would cost $3.70, whereas sitting in would be $4.50. When she asked why, staff told her it's "because we have to clean the mug". Yahoo News has approached the cafe to confirm its pricing policy but they have not responded. On the cafe's standard menu, viewed online, an egg and bacon roll was $13 and a regular hot chocolate $5.30. The takeaway combo of the two items sells for a discounted $13. Aussies reject tipping as restaurants and bars warned over cashless trend: 'Not part of our culture' Cafe defends 'ludicrous' $1 surcharge for no ice Cafe owner hits back at customer's wild public holiday surcharge threat: 'Scum of the earth' Franco Amitrano, who owns Cafe & Cuchina in Surry Hills, explained to Yahoo why dining in comes with a higher cost. His cafe, which has been operating for 11 years, charges customers an additional 20 cents if they choose to drink their coffee at the venue. Food is the same price, whether it's takeaway or dine-in. "Mainly it's because the barista takes a bit longer to make it look nice, to make latte art," he said. "For me, it's not the washing up that is part of (the cost), because you have to pay for cups anyway when you take it away. So it's kind of the same. "It's more because the barista has to take a bit longer to do the service and you have to get someone to deliver it to the table. So that's the extra in labour." Franco added that his customers have never had an issue with the additional cost, but he does think charging $4 extra for dining in is too much. "I don't think many people charge that kind of increase if you dine in," he said. While the different pricing structures for takeaway and dining in are becoming more common, they may not be in the best interest of the venue, Professor of Marketing at UNSW Nitika Garg told Yahoo News. 'It's becoming more common with prices going up and costs going up. People are reasonable and people are understanding of these structures, but I think there is a way to do it," she said. Garg explained that adding on extra costs to the customer is known in the marketing world as "unbundling". "Instead of bundling, you're unbundling the cost," she said, giving budget airlines as an example where the fare, the seat, the food and the luggage are all available but for additional costs. Unbundling typically leads to a poor customer experience and is usually "not advisable", she added. What would be more satisfactory from a diner's perspective is to have the same price across the board, "even if the takeaway price is slightly high",Garg said. Do you have a story tip? Email: newsroomau@ You can also follow us on Facebook, Instagram, TikTok, Twitter and YouTube.
Yahoo
14 minutes ago
- Yahoo
Investors in Catapult Group International (ASX:CAT) have seen incredible returns of 656% over the past three years
We think that it's fair to say that the possibility of finding fantastic multi-year winners is what motivates many investors. Mistakes are inevitable, but a single top stock pick can cover any losses, and so much more. One such superstar is Catapult Group International Ltd (ASX:CAT), which saw its share price soar 656% in three years. Also pleasing for shareholders was the 63% gain in the last three months. We love happy stories like this one. The company should be really proud of that performance! So let's investigate and see if the longer term performance of the company has been in line with the underlying business' progress. AI is about to change healthcare. These 20 stocks are working on everything from early diagnostics to drug discovery. The best part - they are all under $10bn in marketcap - there is still time to get in early. Catapult Group International isn't currently profitable, so most analysts would look to revenue growth to get an idea of how fast the underlying business is growing. Shareholders of unprofitable companies usually desire strong revenue growth. As you can imagine, fast revenue growth, when maintained, often leads to fast profit growth. Over the last three years Catapult Group International has grown its revenue at 14% annually. That's pretty nice growth. Some shareholders might think that the share price rise of 96% per year is a lucky result, considering the level of revenue growth. A hot stock like this is usually well worth taking a closer look at, as long as you don't let the fear of missing out (FOMO) impact your thinking. The graphic below depicts how earnings and revenue have changed over time (unveil the exact values by clicking on the image). You can see how its balance sheet has strengthened (or weakened) over time in this free interactive graphic. We're pleased to report that Catapult Group International shareholders have received a total shareholder return of 203% over one year. Since the one-year TSR is better than the five-year TSR (the latter coming in at 38% per year), it would seem that the stock's performance has improved in recent times. Given the share price momentum remains strong, it might be worth taking a closer look at the stock, lest you miss an opportunity. I find it very interesting to look at share price over the long term as a proxy for business performance. But to truly gain insight, we need to consider other information, too. Consider for instance, the ever-present spectre of investment risk. We've identified 1 warning sign with Catapult Group International , and understanding them should be part of your investment process. Of course, you might find a fantastic investment by looking elsewhere. So take a peek at this free list of companies we expect will grow earnings. Please note, the market returns quoted in this article reflect the market weighted average returns of stocks that currently trade on Australian exchanges. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
Yahoo
29 minutes ago
- Yahoo
Investors in LARK Distilling (ASX:LRK) have unfortunately lost 74% over the last three years
As an investor, mistakes are inevitable. But you have a problem if you face massive losses more than once in a while. So consider, for a moment, the misfortune of LARK Distilling Co. Ltd. (ASX:LRK) investors who have held the stock for three years as it declined a whopping 74%. That'd be enough to cause even the strongest minds some disquiet. Furthermore, it's down 23% in about a quarter. That's not much fun for holders. Now let's have a look at the company's fundamentals, and see if the long term shareholder return has matched the performance of the underlying business. This technology could replace computers: discover the 20 stocks are working to make quantum computing a reality. Because LARK Distilling made a loss in the last twelve months, we think the market is probably more focussed on revenue and revenue growth, at least for now. Generally speaking, companies without profits are expected to grow revenue every year, and at a good clip. As you can imagine, fast revenue growth, when maintained, often leads to fast profit growth. In the last three years LARK Distilling saw its revenue shrink by 9.4% per year. That is not a good result. Having said that the 20% annualized share price decline highlights the risk of investing in unprofitable companies. We're generally averse to companies with declining revenues, but we're not alone in that. Don't let a share price decline ruin your calm. You make better decisions when you're calm. The company's revenue and earnings (over time) are depicted in the image below (click to see the exact numbers). We consider it positive that insiders have made significant purchases in the last year. Having said that, most people consider earnings and revenue growth trends to be a more meaningful guide to the business. So it makes a lot of sense to check out what analysts think LARK Distilling will earn in the future (free profit forecasts). While the broader market gained around 12% in the last year, LARK Distilling shareholders lost 11%. However, keep in mind that even the best stocks will sometimes underperform the market over a twelve month period. Unfortunately, last year's performance may indicate unresolved challenges, given that it was worse than the annualised loss of 4% over the last half decade. Generally speaking long term share price weakness can be a bad sign, though contrarian investors might want to research the stock in hope of a turnaround. While it is well worth considering the different impacts that market conditions can have on the share price, there are other factors that are even more important. Like risks, for instance. Every company has them, and we've spotted 3 warning signs for LARK Distilling (of which 1 is potentially serious!) you should know about. LARK Distilling is not the only stock insiders are buying. So take a peek at this free list of small cap companies at attractive valuations which insiders have been buying. Please note, the market returns quoted in this article reflect the market weighted average returns of stocks that currently trade on Australian exchanges. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Sign in to access your portfolio
