While the Australian sharemarket edged higher by 0.6% on Thursday, the ASX 200 was up as much as 1.33% earlier. Mining stocks did much of the heavy lifting, Afterpay hit a record high while Utilities based in New Zealand struggled.
Read MoreThe Australian sharemarket is posting its first improvement in four days, with almost all sectors heading higher. Materials and Financials are doing most of the heavy lifting while Utilities are slumping.
Read MoreWall Street managed to rally again last night, but only due to five stocks. Dow up 177.
Read MoreInvestors looked past rising US-China tensions and sought out companies thought to be insulated from rising US virus infections. High flying tech megacaps Apple (+2.3%) and Microsoft (+2.2%) boosted all three indexes.
Read MoreCalifornia, Hawaii, Idaho, Missouri, Montana, Oklahoma, and Texas broke their previous daily record highs for new infections. In contrast, Wall Street rose fitfully thanks to continuing strength in tech stocks, while the rest of the market was tepid.
Read MoreA weak lead from Wall Street, a drop in Dow futures and the Stage 3 lock-down in metro Melbourne kept markets under pressure for a third day.
Read MoreThe past financial year was poor for investors as coronavirus knocked economies into what is likely to be their biggest hit since the 1930s. Shares were hit hard, but the blow was softened by a strong rebound in the June quarter. Shane Oliver reviews the last financial year and takes a look at the outlook.
Read MoreThe Aussie market is yet to improve this week, with the ASX 200 easing by ~0.2% as a weak lead from Wall Street and Stage 3 lockdown on metro Melbourne weigh on stocks.
Read MoreInvestors focussed on news that some US states had re-instituted lockdown restrictions. Shares in Novavax rose 31.6% after being awarded a US$1.6 billion government contract to test, manufacture and commercialise a COVID-19 vaccine. The Dow Jones index fell by 397 points or 1.5% to near session lows. The S&P500 index fell by 1.1%. The Nasdaq index was lower by 90 points or 0.9%.
Read MoreWall Street finally sapped its winning streak last night, bowing to an undeniable epidemiological threat. Dow down -396.
Read MoreConcerns about the upturn in COVID-19 infections finally hit Wall Street on Tuesday with share prices slumping in the last hour. News that Brazil’s hard rightwing President Jair Bolsonaro had confirmed he had tested positive for the virus, didn’t help investor confidence.
Read MoreFollowing its monthly monetary policy meeting on Tuesday, the bank’s board held rates at the record low level where they have been since late March when much of the economy was lockdown to stop the spread of the coronavirus.
Read MoreIt was another day of ups and downs for the ASX 200 with plenty of news flow to keep the market moving. The index ended mostly flat as investors reacted firstly to the RBA rate decision and then Melbourne lockdown set to start from tomorrow.
Read MoreThe Aussie market has put the brakes on a fast start with the ASX 200 reversing from 1% gains on the open. The index is hovering around the flat line after several hours of trade as energy, health & bank losses weigh against gains for tech & miners.
Read MoreSo will Australia and the US follow the UK in telling the world’s four biggest accounting firms to separate their audit businesses from the rest of their operations by 2024?
Read MoreFor some as yet unfathomable reason, Chinese stockmarket investors have turned all bullish all of a sudden. After rising 7% last week, China’s markets surged again on Monday with the Shanghai market up 5.7% alone to a new five year high. It’s up more than 9% for the year so far, a rare rise.
Read MoreAccelerating US case count? No worries. Dow up 459.
Read MoreA revival in China’s economy and a record jump in US services sector activity boosted sentiment. Amazon (+5.8%) shares hits US$3,000 for the first time and Netflix (+3.6%) shares hit all-time highs pushing the Nasdaq index to fresh record highs.
Read MoreIt was a rather lacklustre start to the new week for the Aussie market with the index swinging between gains and losses before finishing at the lows of the day.
Read MoreAn update from Airlie Funds Management’s Matt Williams about his firm’s Australian Share Fund, which is available to investors in both listed (ASX: AASF) and unlisted form.
Read MoreWarren Buffett’s Berkshire Hathaway has made its biggest investment move in a year with a $US9.7 billion purchase of Dominion Energy’s natural gas transmission and storage network.
Read MoreThe ASX 200 has traded in quite a narrow range in the first few hours of trade as investors continue to weigh up the economic recovery against fresh spikes in COVID-19 cases.
Read MoreCatch up on the ShareCafe “Mid-Cap Gold Miners Leading The Way” webinar featuring a keynote address from Metals Analyst Peter O’Connor, plus hear presentations from Regis Resources, Resolute Mining, and Ramelius Resources.
Read MoreThe mounting toll of coronavirus cases in Victoria and offshore in Brazil, India, Spain, and especially the US, will again dominate sentiment here and around the globe in the coming week.
Read MoreOn Thursday, the Dow Jones index rose by 92 points or 0.4%, supported by a 0.3% lift in Boeing shares. The S&P500 index lifted by 0.5%. The Nasdaq index was higher by 53 points or 0.5% to a record closing high.
Read MoreRetail sales might have jumped sharply in May, as expected after the strong preliminary report last month from the Australian Bureau of Statistics but for the first five months of 2020, the situation was a very different story.
Read MoreIn the coming weeks, investors will focus on Wall Street’s second-quarter reporting season and the extent of the financial damage done by COVID-19 and the associated lockdowns and slashing of demand.
Read MoreThe ASX is looking for a lower start later this morning after truncated dealings on Friday because of the US holiday long weekend saw ASX 200 futures drop 35 points or 0.6%.
Read MoreThe Aussie market rose for a fourth day, improve by 2.6% this week, and hit a three-week high in the process. The ASX 200 also closed above 6,000pts for the second day.
Read MoreThe Australian market is holding onto small gains on Friday, with the ASX 200 fading from this morning’s highs. Healthcare stocks are standing out as Cochlear received approval for the sale of new products in the US.
Read MoreA few weeks ago I wrote a column entitled Lessons Be Handed To Newbies where I highlighted how ridiculous certain stocks had become because of the sheer numbers of new entrants into the market. Speculation had quickly evolved into the “greater fool” theory – a case of buying something, anything in the hope that a bigger fool than you will buy it off you for a higher price. Naturally if that doesn’t happen then congratulations you are the biggest fool!
Read MoreA brief look at important company events and economic data releases next week.
Read MoreWall Street started the trading session strongly after the US government reported that a record 4.8 million jobs were added in June after an upwardly revised 2.7 million gain in May. US President Donald Trump said the US economy is “roaring back.”
Read MoreThe US posted record jobs growth in June while Florida posted a record increase in cases on Wednesday. Wall Street up, Wall Street down, with the Dow closing up 92.
Read MoreWall Street wasn’t all that convinced by the big numbers in the US jobs report for June – a record rise of 4.8 million and a big fall in the unemployment rate saw the Dow and S&P make solid gains at the start – 1.2% or more.
Read MoreThe Aussie sharemarket rose for a third day and hit a three-week high. All sectors improved. Afterpay, Nextdc, Xero, Ansell, Temple & Webster and Kogan all hit record highs.
Read MoreThe Aussie market is following the positive US lead, with the ASX 200 rising by ~1% at lunch. All sectors are improving with buy-now-pay-later companies continuing to lift strongly.
Read MoreThe prospect of short-term dividend cuts highlights the danger of income investors relying on dividend yields alone, according to First Sentier Investors. In an investor update, Head of Equity Income, Rudi Minbatiwala, said that focusing on yield is not enough to ensure sustainable long-term income from equities.
Read MoreA myriad of positives and negatives had Wall Street all over the shop last night, with the Nasdaq hitting a new high as the Dow fell -77.
Read MoreSentiment was boosted by positive virus vaccine developments and better-than-expected US manufacturing data.
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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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