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Monday 20th September, 2021
Ore Collapse Claims First Casualty
Very quietly, Venture Minerals – a small Tasmanian miner – has become the first casualty of the collapse in iron ore prices.
In his weekly Bites column, David Bassanese from BetaShares gives us a rundown of what’s happening in markets, both local and global.
Tuesday 21st September, 2021
Eyes Turn to Fed as Markets Turn to Red
With markets on edge after yesterday’s bloodbath, Thursday’s Fed meeting, along with the statements and forecasts that follow in its wake, have suddenly taken on even more significance than usual.
Banks Trump Political Hot Air with Wind Farm Deal
Five major banks have shown up Resources Minister Keith Pitt by organising the retrospective investment of $280 million into a huge wind farm and battery hub in north Queensland.
Transurban Group Wins WestConnex Auction
A consortium led by toll road giant Transurban is buying full control of Sydney’s WestConnex road system for more than $11 billion after winning the NSW government’s auction of its 49% of the business.
More to AusNet Deal than Meets the Eye
On the face of it the bid for Australian power distributor AusNet Services is just another rather large deal, but in fact it allows two major Asian companies to make a graceful exit from Australia.
Should We Be Worried about Global Markets?
Given the turmoil currently overwhelming global markets and economies, Fidelity’s Tom Stevenson tries to answer one of the most pertinent questions at the moment: should we be worried?
Miners on Track Despite Gold’s Rollercoaster Ride
Despite a wild ride, gold ended August almost unchanged from the end of July. Once this consolidation has run its course, Joe Foster from VanEck believes tail-risk drivers may drive gold through US$2,000 per ounce.
Wednesday 22nd September, 2021
Evergrande Talks the Talk, Investors Walk the Walk
The chairman of stricken Chinese property giant Evergrande told staff on Tuesday said the company is confident it will “walk out of its darkest moment” and deliver property projects as pledged.
Kathmandu, Sigma Feeling the Pinch
Outdoor retailer Kathmandu and pharmacy group Sigma have both given early hints of the damage the lockdowns since June have done to some retailers, with both reporting weak sales and earnings.
APA Comes Over the Top for AusNet
Infrastructure group APA has produced a rival, higher offer for utility AusNet valuing it at $10 billion, a day after the Canadian/US group Brookfield announced its $9.6 billion offer.
IGO Confirms Talks, Mincor Strikes Nickel
IGO has confirmed media reports that takeover talks with nickel miner Western Areas are moving closer towards a decision, while Mincor has struck nickel at its Hartley prospect in Western Australia.
A Dynamic Approach to Multi-Asset Strategies
View this video with Kej Somaia, Co-Head of Multi-Asset Solutions at First Sentier Investors, as he dispels the myth that investing in dynamic strategies will breach clients’ SAA limits.
ESG: Driving Change and Generating Alpha
The focus on investing through an ESG lens has intensified. But, as Antipodes’ Alison Savas argues, it’s not as simple as buying stocks with ‘green credentials’, or divesting those with poor backward-looking metrics.
Westpac has halted plans to sell its majority stake in Westpac PNG Limited and Westpac Fiji to ASX-listed Kina Securities and will retain it for the time being while it works out a future course of action.
Thursday 23rd September, 2021
Did Tabcorp Miss the Jump with Entain?
Did Tabcorp miss the bid for its betting businesses when it decided in July not to talk to a number of interested parties and instead put its Lotteries and Keno business on the block in a demerger deal?
AusNet Treats Bids on First Come, First Served Basis
Securities in AusNet and APA Group headed in different directions yesterday as investors reacted to the news that the latter’s near $10 billion cash offer was on hold for the time being.
Asian Development Bank Trims Growth Forecast
The Asian Development Bank has trimmed its 2021 economic growth forecast for developing Asia as the Covid pandemic continues to dominate the region’s outlook and throw up roadblocks to recovery.
DNR Capital Reporting Season Wrap (video)
DNR Capital’s Chief Investment Officer Jamie Nicol gives his wrap up of the recent reporting season and discusses a few stocks where trusting in DNR’s proven investment process is more important than ever.
Why Investors Should Care about Cybersecurity
Here’s why Schroders Investment Writer Jo Marshall believes investors should consider cyber preparedness in their investment decisions and how Schroders has engaged on the topic.
Lake’s JV Partner Secures A Grade Investors (video)
Lake Resources has announced that its clean technology partner Lilac Solutions Ltd (Lilac) will join the Argentinian Kachi project, earning up to 25% at the asset level, subject to performance hurdles.
Friday 24th September, 2021
Good Year, Record Dividend for Premier
Solomon Lew’s Premier Investments has announced a 97.3% jump in consolidated net profit after tax to $271.8 million for the 53 weeks ended July 31, and the market liked what it saw.
News Corp Joins Buyback Brigade
Rupert Murdoch’s News Corp has announced a $US1 billion program that will include the B Class voting shares, but will sterilise the existing stake of the family in the voting shares.
Fonterra Looking to Churn Oz Operations
New Zealand’s global dairy giant Fonterra is looking at exiting Australia via a spin-off in a similar way to how Wesfarmers got rid of Coles and Woolies quit its Endeavour liquor and hotels business.
Solid Results from Soul Patts, Brickworks
The market reacted favourably to strong earnings results from investment group Washington H. Soul Pattinson and its major shareholder Brickworks, pushing both companies’ shares higher on Thursday.
Huge Spanish Deal Set to Transform Sandfire
Sandfire Resources has become the latest Australian miner to embrace the global renewables push with a company-transforming deal to buy a Spanish copper mining and processing business.
The Benefits of Global Mid and Small Cap Investing
With a strong investment discipline and consistent approach, James Abela and Maroun Younes from Fidelity believe the global stage offers many opportunities to invest in tomorrow’s future leaders.
Lake’s JV Partner Secures A Grade Investors (video)
Lake Resources has announced that its clean technology partner Lilac Solutions Ltd (Lilac) will join the Argentinian Kachi project, earning up to 25% at the asset level, subject to performance hurdles.
Special Div as Vita Sells Out to Telstra
Shareholders in Vita Group are set to receive a special dividend of up to 45c a share thanks to the decision to sell its retail telco business to Telstra for $110 million.
