Even though US markets will be closed tonight for the Labor Day holiday (meaning two days without much of a guide for markets in Asia, other than Europe), that shouldn’t have much of an impact on the gathering optimism about the health of the Australian and global economies.
Read MoreGold prices jumped more than 2% last week as global political fears (Russia, the US, North Korea) and the unknown impact of Hurricane Harvey combined to unsettle investor sentiment.
Read MoreOil prices seem to be coping with the continuing impact of Hurricane Harvey on the US oil, gas and associated industries.
Read MoreUS oil and gas stocks were the best performers on Wall Street in 2016 with a jump of 24%. This year they are the worst with the sector down more than 16% as oil prices wander lower – helped in the last few days by the impact of Hurricane Harvey which has shut so much oil and and gas refineries and other plant in and around Houston that US refining capacity is at a seven year low.
Read MoreEvery now and then there is a financial result so staggering that you can wonder if the company can – and in this case should – survive.
Read MoreThe last day of any reporting season usually sees two things – the release of Harvey Norman’s results (see separate story) and lot’s of weak or red ink stained reports from other companies.
Read MoreAustralian companies are planning to lift investment spending in 2017-18, boosting it from three months ago by 17.6% to $101.8 billion.
Read MoreAfter all the negative reports this year (profit downgrades, closures, job cuts) for the struggling OrotonGroup, shareholders yesterday grabbed the first bit of good news for a while and gave the shares a solid push higher.
Read MoreShares in Harvey Norman were given a whacking by investors yesterday who didn’t like the surprise news of a cut in dividend, the weak explanation for the decision, and the backdrop of record earnings.
Read MoreAnd it’s a very happy 87th birthday for Warren Buffet overnight as he ‘celebrated’ by crystalising another of his now legendary coups – a $US13 billion ($US16.4 billion) profit becoming the biggest shareholder in the huge Bank of America.
Read MoreTelstra can’t take a trick at the moment. Dividend cuts (which seemed prudent), increased competition and weakening margins saw the shares hammered lower earlier this month.
Read MoreRamsay Health Care will be looking to its core Australian business to repeat its 2016-17 performance in the coming year after its European operations saw a slowdown in growth in the year to June.
Read MoreOn the face of it surfwear retailer Billabong turned in a weak result for the year to June, reporting a $77.1 million loss after slashing the value of goodwill and brands including Von Zipper, Kustom, Xcel and RVCA by $106 million.
Read MoreBuilding materials group Boral is looking for continued sales and profit growth in the US and Australia over the next year after both regions helped the company report another year of solid earnings.
Read MoreInvestors yesterday withheld judgement on the 2016-17 profit from the coffee, bakery and pizza franchise owner The Retail Food Group (RFG).
Read MoreNow for the battle for Spotless and who will crack first.
Read MoreOnline homewares retailer Temple & Webster seems to have survived its near death experience last year, reporting a smaller loss for the year to June and maintaining earlier forecasts of making its first profit in 2019.
Read MoreBlackmores has pruned its final dividend after reporting a sharp drop in earnings for the year to June.
Read MoreSpecialty Fashion shares plunged yesterday after it confirmed that a $135 million indicative takeover proposal from Al Alfia Holdings, an investment company controlled by the Qatari royal family, was unlikely to proceed.
Read MoreMantra shares have had a rollercoaster 2017, surging in January through March (and sliding as well) as speculation rose and fell that it could be facing a bid from private equity or a big global hotel chain.
Read MoreAt one stage in yesterday’s ‘blah’ market shares in blood products giant, CSL were up nearly 5% at $129.16 after it revealed plans to but a US biotech for more than $410 million, if certain performance markers are met over the next 8 years.
Read MoreGiant US TV company, CBS will acquire the failed Network Ten, for an unknown amount.
Read MoreQantas shares might have taken a bit a pounding yesterday in the wake of a downgrade by an analyst, but the real news was in a statement form the company where for the first time we had a look at the contenders to replace current CEO, Allan Joyce when he gets itchy feet after 10 years in the job..
Read MoreNet profit of RCG’s Corp dipped 2.6% to $29.2 million in 2016-17 after the footwear retailer wrote down the value of its Hype DC business – acquired last July for $99 million – by $9.7 million, which wasn’t a bad result given the big sell off after the surprise downgrades in sales outlook in February and May.
Read MoreAs suggested in its unfortunate ‘self-leak’ in early August, global construction and development giant Lendlease said full-year net profit climbed 9% to $758.6 million in the year to June.
Read MoreA busy week ahead with August ending and September starting, meaning the usual end of month data from some economies, and the start of month figures for others, including Australia (we also get some June quarter national accounts figures).
Read MoreAnother solid week for most commodities – although oil was boosted late in the week by Hurricane Harvey’s swoop on Texas. But gold, copper, iron ore, zinc, nickel and aluminium all completed a solid five days of action.
Read MoreIn Australia a curious week ended with a tiny, 2 point fall on Friday and a small 3 point dip for the week for the ASX 200.
Read MoreMarkets settled modestly on Friday as investors eyed the impact of Hurricane Harvey in the Texas area of the Gulf Coast and the UK settled down for a three day Bank Holiday break (the end of summer), ahead of the Labor Day weekend next weekend in the US.
Read MoreThe Australian earning season wraps up this week with a flock of stragglers and a handful of big ASX 200 companies due to release June 30 figures.
Read MoreAfter spending a lot of effort defending its continuing multi-billion dollar investment in the Canadian potash industry, there was news at the weekend that perhaps BHP Billiton isn’t as wedded to total control as it has been making out.
Read MoreLike its Trans-Tasman rival, Air NZ, Qantas has delivered its second-highest profit ever in the year to June.
Read MoreSouthern Cross Austereo probably wins the prize for best in class in the ASX’s struggling media sector. It and Fairfax reported fairly solid net profits for the year to June 30, unlike rivals such as Nine Entertainment (see separate story) with a impairment driven loss, Seven West Media (ditto), and losses for News Corp (impairment again) and Foxtel a lower net income and losses on the Ten investment and Presto streaming service that was closed in the year.
Read MoreIt’s been coming for months, and on Thursday Village Roadshow put us all out of our misery (well its shareholders) by finally revealing the bottom line for what was a rotten year in 2016-17 – a $66.7 million loss against what was a weak $15.7 million profit a year earlier. And the problems and losses for the company (which include quitting Hollywood film financing) means there’s no dividend for shareholders.
Read MoreOZ Minerals is rolling the dice again with a big new mine development in South Australia that will cost close to $1 billion when finished.
Read MoreFlight Centre shares jumped 11% yesterday – hitting a three-year highs in the process after the travel group suggested that the heavy discounting of international airfares was ending.
Read MoreBHP Billiton’s unwanted love child, South32 is back in the black, joining the growing list of resources groups to report solid earnings for the year to June 30.
Read MoreNine Entertainment reported a loss of nearly $330 million in one-offs charges (most were announced earlier in the year), the largest being a write-down on its television broadcast licences and provision to exit its Warner Bros contract.
Read MoreNo dividend, again for Santos shareholders as the oil and gas group produced a first-half underlying profit, helped by stronger oil and gas prices and lower production costs.
Read MoreIt used to be soo easy for Woolies a few years ago. Customers would just roll up and spend at its supermarkets in Australia and NZ, buy booze at Dan Murphy’s, shop for homewares and clothing at Big W, and buy petrol at its petrol outlets/convenience stores, many of which were run with or supplied by Caltex.
Read More|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Error: Contact form not found. |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
DOWNLOAD RESEARCH REPORTSecures binding contract with Tier-1 OEMUS based anode active project gathers momentumMagnis Energy Technologies (MNS.ASX) – MNS is planning an anode active facility in the US and recently announced a binding, yet conditional, contract for the supply of anode active with Tesla. The contract is for a minimum 17.5kt/year with an option to purchase another 17.5t/year. Conditions precedent carry a tight development timeframe, with first production scheduled for February 2025. Site selection is underway and co-locating with an OEM on a brownfields site makes sense. Long lead items have been ordered and detailed engineering and design is expected to commence soon. |
|
December Quarterly Report: Q2 FY2023Looking past the rain – there’s a rainbow.TerraCom released their operating results for the December quarter FY2023 with operating metrics being in line with our forecasts. Unseasonal rains in both Australia and South Africa contributed to operational and logistical issues across all mines, however guidance for annual production at Blair Athol is unaffected and highlights the quality of TerraCom’s skills in operational management. We continue to like the stable operating metrics around the company’s Australian operations and see potential for the South African operations to benefit from increased management focus given the rationalisation of operations following the closure of the Ubuntu mine. Corporate Connects overall financials remain unchanged as does our target price of $1.35 share. We maintain our forecast for a fully franked quarterly dividend of 7.5c/share to be paid in the March and June quarters of FY2023. |
|
DOWNLOAD RESEARCH REPORTHigh performance synthetic anode & cathode materials Building a US based materials supply chainNOVONIX (ASX:NVX) – is scaling a synthetic anode materials plant in the US and piloting nickel rich cathode material in Canada. Why? China is dominant and growing – 100% of global natural anode and 68% of synthetic anode is refined in China. In short, China controls the global midstream battery chain by controlling 60% of chemical refining, 87% of anode manufacturing, 61% of cathode manufacturing and 73% of battery manufacturing. It is global battery supply and price domination at scale. |
|
|
|
|
|
|
|
DOWNLOAD RESEARCH REPORTAntisense Therapeutics (ANP) Taking a Quick Approach to Long COVIDThis report looks at the results of a collaborative study Antisense undertook which looked at the largest protein expression database in Long COVID-19 patients who experienced neurologic symptoms well after the primary or acute SARS-CoV-2 infection was considered over (Groups 1 & 2, with 48 subjects Group 2 comprising a single patient from a different clinical site). The symptoms and others experienced by such patients result in a highly significant amount of illness, possibly more than all primary SARS-CoV-2 infections i.e COVID-19. |
|
|
|
|
DOWNLOAD RESEARCH REPORT4Q reveals more focus on profit and cash flow• LBY’s 4Q FY22 quarterly activities update showed continued solid growth in top line metrics, albeit slowing, with GMV of NZ$203m (+26% on pcp) and income of NZ$12.1m (+23% on pcp).
• Net Transaction Margin (NTM) disappointed at -0.5%, due to further increase in credit losses from 4.0% to 4.9% of GMV. However, new fraud and credit risk management tools have seen losses recover materially with NTM back to 1.2% in March and LBY is confident of further recovery in coming months.
|
|
DOWNLOAD RESEARCH REPORTSigns MOU with Ford Company – Kachi is now sold out!Lake Resources (LKE. ASX) – LKE has signed two non-binding MOU’s in the space of 10 days. Ford Company (Ford) has signed an MOU for ~25,000t/year and last week Hanwa, a Japanese commodity trader signed a MOU for up to 25,000t/year. Subject to execution, this is an amazing feat as Ford and Hanwa are prepared to enter into longer-term strategic partnerships with LKE. Commercial negotiations are still ongoing but are expected, especially if Ford & Hanwa inject new equity into LKE, to further de-risk the project financing & thus ensure LKE and Kachi are fully funded. |
|
DOWNLOAD RESEARCH REPORTStrategic Vanadium-battery growth with Titanium & Iron earnings resiliencyTNG Ltd is an ASX-listed technology owner and developer of the world-class Mount Peake near-surface vanadiferous titanomagnetite deposit. To unlock value, TNG will concentrate ore from its central Northern Territory mine for processing through its patented TIVAN® process produce three premium quality revenue streams: hi-purity vanadium pentoxide (V2O5) for steel alloys and Vanadium Redox Flow batteries, a quality titanium pigment for paints and a premium steel input with >64%Fe iron ore fines. |
|
Promising exploration and development update while SOP prices continue to riseTwo recent gravity surveys have considerably exceeded expectations and revealed potential for extensions to the existing MRE at Lake Throssell, plus a material growth opportunity at Lake Yeo. This reinforces the potential for a multi-decade, Tier-1 SOP production hub based around Lake Throssell. TMG is currently completing work towards the PFS due early 2023, including drilling to start in Q3 2022, evaporation trials and permitting activities. Results from these programs will support the PFS and any future resource upgrade. Benchmark SOP prices have risen to ~US$940/t due to recent geopolitical developments. The Oct 2021 Scoping Study assumed a SOP price of US$550/t and contained a sensitivity analysis showing every 10% increase in price drives a +$144m increase in the project NPV of $364m. The c.70% increase above the Scoping Study thus implies a project NPV of ~$1.4bn. |
DOWNLOAD RESEARCH REPORT
|
DOWNLOAD RESEARCH REPORTIncreasing our TargetDespite the lower realised oil and gas price, which fell by 5.4% and 19.7% respectively in August, Calima managed to show improvement in its key business metrics. We expect higher production in November due to the contribution by the new Thorsby wells which will be drilled in August/September which will see Calima meet its 2021 production guidance of 4,500 boe/d. |
|
DOWNLOAD RESEARCH REPORTEmerging Financial Wealth Advisory GroupWT Financial Group Limited (WTL) is a growing diversified financial services company, founded in 2010 and listed on the Australian Stock Exchange (ASX) in 2015. Its advice and product offerings are delivered primarily through a group of independent financial advisers operating as authorised representatives of WTL under its Wealth Today Pty Ltd (Wealth Today) and Sentry Group Pty Ltd (Sentry Group) dealer group operations. It has around 275 advisers across more than 200 financial advice practices Australia-wide. It also operates a direct-to-consumer operation under its Spring Financial Group brand. |
|
DOWNLOAD RESEARCH REPORTImmutep Taking the Fight to CancerIn May 2021, Corporate Connect analyst Marc Sinatra published a comprehensive research report on ASX-listed biotech Immutep Ltd (ASX: IMM). So impressed was he with IMM that Corporate Connect felt it imperative that a follow-up report be released placing a valuation on the company, because the market was not seeing the vast potential of eftilagimod alpha (efti). This follow-up report has been released today. Using comparables, after adding cash back to their EV estimate and dividing by the total number of issued shares, Corporate Connect now places the fair value of an Immutep share at $A2.20. |
|
DOWNLOAD RESEARCH REPORTMarket leading lifelong learning platform technology company in Australia and SE AsiaPayGroup (PYG) delivers multi-country BPO services and cloud SaaS HCM solutions, assisting companies to manage employees in multiple, complex jurisdictions. The company has many growth opportunities, including new clients, new jurisdictions, new products, partner expansion, and new revenue sources. PYG’s scalable business model allows operating leverage and with savings from in-housing third party technology, support margin expansion. |
|
DOWNLOAD RESEARCH REPORTMarket leading lifelong learning platform technology company in Australia and SE AsiaOpenLearning (OLL) is a higher education technology company that operates a scalable online learning platform through a software-as-a-service (SaaS) business model and provides a global marketplace of high quality courses for learners of all levels. Its primary customers are education providers based in Australia and South-East Asia (primarily Malaysia). OLL started operations in Australia in 2012 and expanded to Malaysia in 2015, Singapore in 2018, and recently also Indonesia. |
|
