The Reserve Bank of NZ has followed its Australian counterpart and left its key interest rate steady as both economies face a similar outlook of weaker inflation, low wages, continuing activity in housing and a currency under pressure.
Read MoreSome weak-minded analysts don’t like it, but the Commonwealth Bank is determined to add to the list of goodies delivered to shareholders yesterday with a record final and full year dividend by re-opening its dividend reinvestment plan (DRP).
Read MoreWell, the hand wringers were out in force on Tuesday afternoon and evening telling us the weaker than expected trade data for July was a ‘concern’ or a ‘worry’ or indicated a slowdown.
Read MoreShares in online vehicle classifieds business carsales.com jumped nearly 3% as investors looked through the headline figures in what looked like a weak full year result and found some things to like.
Read MoreShares in infant formula maker Bellamy’s surged to their highest level this year after the company at last had some good news to relay to the market about the Chinese market for its dairy products.
Read MoreThe Commonwealth Bank has given dividends a boost to keep shareholders happy amid the concerns of the money laundering scandal. At the same time the bank has revealed it is looking at selling its troublesome insurance arm, while it is going to buy the remaining 20% of Aussie home Loans that it doesn’t already own.
Read MoreChina’s July trade figures disappointed some eager beavers in the markets who were looking for a repeat of June’s solid outcome.
Read MoreShareholders in Fortescue Metals Group (including the biggest, Chairman Andrew Twiggy Forrest) can look forward to a sharp increase in dividend when the company reports its 2016-17 profit a week next Monday.
Read MoreAnother gush of cash from Transurban, both actual and promised after the toll road giant confirmed it had had a great year in 2016-17.
Read MoreGeneric drug group, Mayne Pharma disappointed investors yesterday with the release of preliminary results for 2016-17 underwhelming investors.and sending the shares down nearly 10% to 81 cents.
Read MoreSCA Property Group’s most important tenant is Woolworths, so it will come as a big relief that the country’s largest retailer has shaken off the problems of the past three years and rediscovered growth in its huge supermarkets business.
Read MoreMore support for the Reserve Bank’s sit and hold interest rate stance with the July business conditions and confidence survey from the National Australia Bank showing a step up in both measures, thanks to growing activity and confidence in the services sector..
Read MoreThank god there’s the marriage equality brawl inside the Liberal Party otherwise the Commonwealth Bank’s blundering so far as its money laundering responsibilities are concerned might have been a really big story. So it was a ‘lucky’ CBA that this morning revealed an attempt to try and salve the wounds to its reputation The CEO loses his incentive payment for the year to June, along with other “group executives and non executive directors have their 217-18 pay cut by 20%.
Read MoreThe stock market yesterday was in turn concerned, enthused, and then cautious about the Commonwealth Bank and its money laundering charges.
Read MoreJob advertisements rose for a fifth straight month in July, hitting their highest level since 2011, according to the monthly report from the ANZ Bank.
Read MoreShares in Resolute Mining dipped nearly 3% yesterday after the company released unaudited profit figures for 2016-17 that fell a bit short of expectations. The release was made to coincide with a presentation the company gave to a WA mining conference.
Read MoreThe local market is looking at a half a per cent rise this morning after a reasonable end to trading on Wall Street early Saturday in the wake of a strong jobs report for July which saw the US dollar rise sharply and other currencies, such as the Aussie dollar sell off.
Read MoreWhile the June 30 reporting season adds another gear this week, all attention will be on the full year figures from the Commonwealth Bank on Wednesday and what CEO, Ian Narev and chair, Catherine Livingston say about last Thursday’s sensational money laundering allegations levelled against the bank by the financial intelligence group, Austrac.
Read MoreIron ore prices rose to their highest in nearly four months on Friday topping the $US74 per tonne, copper ended with a small gain, gold and oil both straggled. Wheat again fell, despite the big dry worsening across much of Southern Europe and parts of the US.
Read MoreThe week ahead will be dominated by US inflation and earnings, Australian earnings – led by the report from the Commonwealth Bank on Wednesday, Chinese trade and inflation data for July and the continuing political instability in Washington.
Read MoreLendlease will pay just over half its earnings out in dividends for the year to June 30.
Read MoreThe Warren Buffett optimists were out in full force on Friday ahead of the release of what turned out to be worse than expected June quarter earnings.
Read MoreInvestors ignored the news that the Commonwealth Bank faces a potentially crippling fine and damages from the financial transaction regulatory agency Austrac after a bombshell announcement from the agency late yesterday (http://austrac.gov.au/media/media-releases/austrac-seeks-civil-penalty-orders-against-cba).
Read MoreIn contrast to the good update from Kathmandu, shares in Australian Pharmaceutical Industries took a hammering yesterday after it scaled back its estimated profit growth for 2016-17 to just 5%, half its previous guidance.
Read MoreSuncorp shares took a pounding yesterday despite the financial services and insurance group lifting dividends by 7% and promising a high payout ratio as the company steps up investment.
Read MoreAustralia’s trade accounted staged a near $46 billion turnaround in 2016-17 as the surge in commodity prices from the middle of last year produced the best trade performance since 2010-11.
Read MoreThese days when a retailer does poorly it’s a case of ‘Amazon is coming, Amazon is coming, quick sell retail, blame all our stumbles, the poor products and weak execution on Amazon’.
Read MoreCommonwealth Bank shares were down more than 3% on Friday afternoon as the money laundering claims from Austrac echoed around the market.
Read MoreChristmas has come early for shareholders in Rio Tinto with the mining giant yesterday revealing a surge in interim profit and a record interim dividend payout to shareholders as well as a boost to its current buyback.
Read MoreSigns from the June and year to June home building approvals yesterday that the downturn is bottoming out.
Read MoreSo what new policy tack will the Reserve Bank reveal in the minutes of yesterday’s August board meeting 13 days time? The final paragraph of each monthly post-board meeting statement by Reserve Bank Governors is where the bank’s monetary policy stance is summarised and hopefully made clear.
Read MoreOnline travel agent Webjet has confirmed the purchase of UK-based Jactravel Group (Holdings) for an enterprise value of £200 million (or $A330 million according to a statement to the ASX last night). Webjet says the purchase, which should be completed by the end of this month.
Read MoreA history-making day on Wall Street as the better than expected quarterly results from Apple saw The Dow Jones Industrial Average close above the 22,000 point level for the first time on its sixth straight record closing on Wednesday.
Read MoreTreasury Wine Estates jumped nearly 5% yesterday after it reaffirmed earnings guidance for the second half of the 2017 financial year and said growth prospects in the increasingly lucrative China market remained intact.
Read MoreShares in college and training group Navitas were bounced yesterday by nervy investors despite clear signs the company had survived the closure of two of its Sydney colleges and reported an 10.8% drop in 2016-17 profit.
Read MoreWell, that’s the way to not only waste $48 million on a dud buy, but see your shares cop a pounding from nervy investors into the bargain who carved $US88 million off iSentia’s market value yesterday after it delivered more bad news in an update.
Read MoreApple shares soared more than 6% to new record highs in after hours trading Wednesday morning, our time, after the company revealed a better than expected third quarter report.
Read MoreIn a deal with some impact in Australia, US media magnate, John Malone has moved further ahead of the Murdoch clan with the news that the Discovery Channel, which he part controls, is to buy Scripps Networks Interactive in a deal valued at $US14.6 billion, including debt.
Read MoreBuried in a flood of corporate results on Wall Street on Friday was another emerging scandal for America’s most scandalised bank, Wells Fargo which has provided Warren Buffett with yet another headache about one of his biggest investments that has just had to endure months of bad publicity about the 2.1 million false deposit and credit card accounts rort.
Read MoreHealthy fast food chain Oliver’s Real Food shares listed on the ASX on June 20 – five weeks later it has issued a profit warning – which must be something of a record.
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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. |
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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. |
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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. |
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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. |
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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.
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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. |
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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. |
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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. |
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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. |
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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. |
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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. |
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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. |
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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. |
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