Beach Petroleum will spend more than $10 million over the rest of this year on a new pipeline and new seismic material after yet another successful producing oil well on the Patchawarra West Flank of the Cooper Basin in Central Australia.
Read MoreWith the subprime crisis and credit crunch still hurting US economic growth and damaging financial markets confidence, there are finally some meaningful ideas from the US Government on revamping regulation of the country’s financial markets.
Read MoreCommodities took a pounding on Friday with gold down heavily, copper slumping in late trading, oil off and major agriculturals weaker as an important market update on plantings in the US market is set to be released tonight.
Read MoreThe focus for markets this week will be in Australia tomorrow with the monthly board meeting of the RBA; and in the US on Friday night (our time) with the March jobs figures and unemployment rate.
Read MoreThe share market remained stable today, with the benchmark ASX/S&P 200 Index finishing 4.6 points higher at 5355.70, while the All Ordinaries added 8.5 points to 5409.70.
Read MoreShares in retail group Just Group (JST) rose as much as 13% today after it was named as a takeover target by Premier Investments, whose bid values the retailer at $898 million.
Read MoreOil and gas explorer and producer Beach Petroleum (BPT) said today its Parsons-2 well in South Australia is to be capped as a producer and connected to pipeline infrastructure for first commercial oil flows from May this year.
Read MoreShares in Perth-based Globe Uranium (GBE) surged as much as 40% today after the uranium explorer announced the initial JORC resource for its wholly owned multi-resource Kanyika Project in Malawi.
Read MoreThe Reserve Bank’s latest Financial Stability Review is good news for the country and for everyone who has a loan, an account or is a shareholder.
Read MoreNot only are Australian banks weathering the international financial storm better than their peers in many offshore markets, but their basic financial strength hasn’t been hit so far.
Read MoreThe AMP’s Dr Shane Oliver, the group’s chief strategist, says a winning trade over the last few years and particularly since the sub-prime mortgage crisis really hit, has been to be overweight commodities and related trades such as resources shares and underweight financial shares, such as banks and listed property securities.
Read MoreThe Ten Network believes it’s focused and targeted approach to running a TV business will stand it in good stead in any economic slowdown or downturn in advertising.
Read MoreProperty, catering and maintenance services company Spotless Group seems to be making a bit of a last desperate throw in its hostile $556 million bid for Programmed Maintenance Services.
Read MoreAussie stocks finished lower today pulled down by US stocks, which fell overnight on worries about the finance sector and US economy.
Read MoreDelevopers of New Zealand’s Kupe Gas Project said today they are set to undertake exploration drilling of the Momoho prospect, 6 kilometres south of the Kupe Gas Field and within the Kupe permit area.
Read MoreNational Australian Bank (NAB) is the last of the big four banks to declare its gain from the Visa IPO, reporting an after- tax gain of $221 million.
Read MoreUS shares fell, along with Europe but Asia held up, a situation that looks like being reversed judging by the futures quotes this morning.
Read MoreUpmarket retailer, David Jones had a very different reception from the market yesterday to its interim profit than it got last month when it flagged a solid increase was on the cards.
Read MoreNext Tuesday’s Tankan survey of Japanese business from the Bank of Japan is shaping up as an interest test of just how resilient the country’s corporate sector is, and if we can believe official data from the country’s various ministries and regulators.
Read MoreIs there a re-rating of James Packer’s Crown gaming business underway?
Read MoreThe BHP Billiton bid for control of rival Rio Tinto has just been changed by the news that the $US90 billion offer from Brazilian mining giant, Vale, for Xstrata of Switzerland has collapsed.
Read MoreIndustrial services company Spotless Group (SPT) said it plans to make a $556 million off-market takeover offer for Programmed Maintenance Service (PRG), increasing the share price of its target by as much as 15%.
Read MoreAussie shares were weaker today, with investor sentiment turning sour on the retail and finance sectors.
Read MoreLeighton Asia, a subsidiary of Leighton Holdings, has secured three new projects worth $US300 million in Hong Kong and the Philippines.
Read MoreAustralian marketer and manufacturer of crop protection chemicals Nufarm Limited (NUF) says it is positive in its outlook for the remainder of 2008 financial year, with global agricultural markets showing strong demand for its products.
Read MoreSo will ABC Learning Centres return to centre stage today once the exclusive negotiating period with Morgan Stanley over the sale of ABC’s US assets ends?
Read MoreThe oil price boom of the past three years has made the managements of every oil company look good.
Read MoreIn a year’s time Sigma Pharmaceuticals reckons it will earn less than it did in 2006-07, not the greatest of forecasts to be making for any company.
Read MoreIt’s getting to be an annual event now.
Read MoreUS, Asian and European markets were mixed to firmer overnight, pointing to a more modest start for our market today.
Read MoreUpmarket retailer, David Jones (DJS) today delivered a satisfying half year profit of $89 million, pushing the shares up by 4.8% to $3.71.
Read MoreAussie shares were lifted today thanks to positive commodity prices and the stronger overseas markets overnight.
Read MoreJoining the growing list of mining mergers, Perilya Limited (PEM) today launched its much heralded $294 million take-over bid for CBH Resources, to create a “globally significant producer of both lead and zinc”.
Read MoreAfter refinancing $1.55 billion in debt, electricity and gas distributor SP Ausnet (SPN) is confident about the 2008/09 financial year, revising its profit outlook up by as much as 15%.
Read MoreAnother dead cat bounce for shares and commodities after the $US2 a share bid from JP Morgan for stricken Bear Stearns was raised to $US10 a share and sales of existing homes in the US rose in February for the first time since last July.
Read MoreThe Australian dollar is in for a rough ride as the deleveraging of commodity markets follows the continuing wind down of borrowings in the broader financial markets.
Read MoreSo are we seeing a sign of some settlement in world markets in the wake of the saving of Bear Stearns, or just another bump on the way to the bottom?
Read MoreFor all the angst in stock markets it’s the conditions in the interbank market that remains the key to confidence and sentiment levels.
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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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