Shares in iron ore supplier, Midwest Corporation (MIS) fell by as much as 5% after WA iron ore exploration group Murchison Metals (MMX) scrapped its takeover offer which valued the target at around $900 million.
Read MoreAs expected the Reserve Bank has boosted its key cash rate to 7%, the highest level since July, 1996.
Read MoreNational Leisure & Gaming (NLG), a hotel and gaming operator, has reduced its expected guidance for earnings before interest, tax, depreciation and amortisation (EBITDA) for 2008 from $18.5 million to $12.6 million.
Read MoreShares in property fund manager Valad (VPG) fell as much as 20% after the company revealed it has entered into a strategic alliance with US real estate investment trust, Kimco Realty Corp.
Read MoreQantas (QAN) said on Tuesday it has reached an agreement with the Australian Licensed Aircraft Engineers Association (ALAEA).
Read MoreOn the face of it, the raid by Alcoa and its former Chinese associate, Aluminium Corporation of China (Chinalco) on Rio Tinto is a major move: the reality is that it could end up a waste of time and money.
Read MoreMore action in resources after a potentially big deal in Queensland.
Read MoreDespite Friday's surprise drop in the number of new jobs created in the US last month, American stockmarkets had a good week: the best week's gain in five years in fact.
Read MoreBesides the Reserve Bank board meeting and decision tomorrow, and the Rio Tinto situation, the December half profit reporting season gets underway in Australia this week.
Read MoreProperty fund manager, Valad Property Group (VPG) requested a trading halt on Monday pending an announcement of a strategic alliance.
Read MoreQueensland Gas Company (QGC) rose by 15.2% today after it announced that it has signed an $872 deal with British energy firm BG Group to build a liquefied natural gas (LNG) plant on the Queensland coast.
Read MoreAustralia's largest steelmaker BlueScope Steel (BSL) has further expanded into the North American market by completing the acquisition of steel producer, IMSA Steel Corp.
Read MoreThe December financial aggregates released by the Reserve Bank yesterday have again led to predictable calls for an interest rate rise at next Tuesday's Reserve Bank meeting.
Read MoreBeach Petroleum says first-half sales rose 16% on the back of higher world prices, despite a dip in output in the six months to December.
Read MoreThanks to a late rally yesterday, the Australian stockmarket finished a month it would rather forget with a small gain.
Read MorePerennial takeover fancy, Alumina has duly reported downgraded earnings, as signalled late last year in its second or third revision for the year, and snuck in the first downgrade, of sorts, for 2008, by warning of the impact of higher costs on its earnings in the year ahead.
Read MoreIt's been a tough start to the New Year the world over, no matter if its gloomy New York, booming Shanghai or quizzical Sydney, financial markets have taken a battering.
Read MoreAustralian share market ended the week on a positive note, with the All Ordinaries adding 185 points to 5882 points after consumer confidence was restored following strong results from Wall St.
The benchmark S&P/ASX 200 index gained 192.6 points or 3.4% to finish at 5842.90.
Mineral explorer, Dominion Mining (DOM) has appointed a new managing director on Friday, prompting the stock in the company up by as much as 6%.
Read MoreEnergy Resources Australia today reported a positive annual profit results, with a 74.5% increase in net profit after tax.
Read MoreTravel services provider Flight Centre (FLT) said it is currently on track to exceed its previous profit target for the period of $85-$90 million before tax and now expected a half year result in the order of $92-$93 million, up about 75% on prior year.
Read MoreIt's no wonder the US Federal Reserve cut its key interest rate half a per cent to 3%, taking the cuts of the past week and a bit to a huge 1.25%.
Read MoreAcquisitions and strength in the home renovations market has helped industrial and building products group, Alesco Corporation ride out an essentially flat home building industry to report a 16.7% rise in first half profit, with expectations of more to come in the second half.
Read MoreAustralia's largest listed investment company, Australian Foundation investment Company is taking a very conservative approach to the market given the tremendous volatility seen over the past month.
Read MoreFinally 2007 is over for Lihir Gold.
Read MoreIt's no wonder the US Federal Reserve cut its key interest rate half a per cent to 3%, taking the cuts of the past week and a bit to a huge 1.25%.
Read MoreIt was a mixed first half sales report from the country's dominant retailer, Woolworths Ltd.
Read MoreSpecialty retailer, JB Hi-Fi (JBH) said on Thursday it will open a second store in the Sydney CBD as well as computer store in Melbourne's CBD in a bid to increase its market share.
Read MoreAustralian alumina producer Alumina Ltd (AWC) reported a 15% fall in full year net profit on Thursday, due to higher operating costs and impact of a stronger Australian dollar.
Read MoreAfter a volatile day on the markets, it was impossible to tell which way the stock would finish.
Read MoreShares in labour recruitment business Interstaff Recruitment (ITS) rose on their debut on the Australian Stock Exchange, rising by 10% from the offer price.
Read MoreDiversified manufacturer and importer GUD Holdings provided some reassurance for jittery investors yesterday.
Read MoreOil Search suffered a small sell off in yesterday's down day, despite revealing higher revenues for the year.
Read MoreAnother stablemate of the Australian Foundation Investment Company group has reported a solid result in the December half.
Read MoreAfter recommending a separate takeover offer just last week, the board of gold and base metals explorer, Herald Resources (HER) officially jumped ship on Wednesday after announcing its unanimous support for a new offer (worth $504.8 million) from Indonesia's Antam group and Zhongjin of China.
Read MoreShares in Commander Communications rose almost 20% during intraday trading on Wednesday after the company said it agreed to a new debt repayment deal with its bankers.
Read MoreShares in Lion Nathan rose by as much as 2.9% after the company said it had refinanced its existing debt facilities through securing $450 million of new debt funding.
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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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