The Aussie dollar fell under 77 US cents yesterday as the odds firmed that another interest rate cut was going to come sooner than later from the Reserve Bank because business investment is falling faster than previous thought.
Read MoreThe downturn in the global dairy industry continues to hit home in Australasia with NZ’s Fonterra (FSF) cutting the price it expects to pay its farmers for milk for the second time in as many months thanks to persistent oversupply of dairy driving world prices lower.
Read MoreBrisbane-based testing services group ALS Limited (ALQ) is not letting the downturn in the mining, oil and gas and other areas of the economy (such as water) and a loss in 2014-15 stop it from continuing on its growth plan.
Read MoreUS sharemarkets eased on Thursday amid concerns about the upcoming Greek debt repayment deadline. Nine of the 10 major S&P 500 sectors were lower. Industrial stocks lost ground with the sector down 0.7%. Caterpillar fell 2.2%.
Read MoreLocal shares surged higher on the last trading day of May. The ASX 200 (XJO) jumped 1.1 percent to 5777. Over the month, the benchmark index has eased by 0.2 percent.
Read MoreThe latest survey of business investment intentions from the Australian Bureau of Statistics made for very bleak reading. Not only is the non-mining sector not revising up their capital spending plans – as anticipated by the Reserve Bank of Australia – they have actually revised them down. Allowing for the differences between expected and actual investment outcomes over time, the latest survey suggests overall private business investment will fall by around 20% next financial year.
Read MoreMarkets are absolutely focused on when the Federal Reserve will hike rates. And it seems most are expecting that this will be the start of a market correction. The reality is the exact opposite is likely to happen with the first rate hike likely to be a take off point for equity markets on a case of “sell the rumor and buy the fact”.
Read MoreGold Road is a gold explorer that’s aggressively evaluating the large-scale resource potential of its Yamarna project in WA. The company’s production and corporate credentials have been significantly enhanced.
Read MoreUS sharemarkets eased on Thursday amid concerns about the upcoming Greek debt repayment deadline. Nine of the 10 major S&P 500 sectors were lower. Industrial stocks lost ground with the sector down 0.7%. Caterpillar fell 2.2%.
Read MoreThe ASX 200 is down 0.3 percent after data from the ABS showed business investment, or capital expenditure, fell by 4.4 percent in the first quarter of 2015. The result is twice as bad as economists had been expecting.
Read MoreDownload related file: Direct Bonds Lists 20150528 0900.pdf
Read MoreShares in Australian Vintage (AVG), the owner of McGuigan wines and a string of other brands, fell 5% to 38 cents yesterday after the company revealed a disappointing update on the 2015 vintage and its impact on the company’s finances.
Read MoreA stark warning yesterday (and an explanation as to why the major bank shares have lost value in the past month or so) from the second most powerful official at the Reserve Bank – risk in housing lending has risen and that’s concerning regulators.
Read MoreInvestors got a glimpse yesterday why Programmed Maintenance Services (PRG) is back talking to Skilled Group (SKE) about a possible deal – five months after Skilled rejected the idea.
Read MoreLater today we will be told that the Australian investment boom is well and truly over with the release of March quarter capex data from the Bureau of Statistics.
Read MoreUS sharemarkets rebounded on Wednesday, erasing losses from the previous day. Shares in luxury clothing and accessories store Michael Kors fell by around 24%.
Read MoreThe ASX 200 has closed down 0.2% today, managing to regain some losses in late trade. The Telecommunications sector was the worst performer, losing 0.9%.
Read MoreWe believe investors should use whatever tools are at their disposal to try to beat the market, and that fundamental analysis combined with technical analysis has a greater probability of achieving this than one style alone.
Read MoreThe ASX 200 is down 0.7 percent, ending a four-session rally. Every sector is trading in negative territory at mid-session.
Read MoreThe ASX 200 has slipped 0.8% to close near the day’s lows. The Consumer Staples sector was the worst performer, slipping 1.8%.
Read MoreThe 100 point rally in the ASX 200 over the past couple of days will come to an end this morning after a widespread sell off in offshore financial markets triggered by a surge in the value of the US dollar.
Read MoreIn a smooth transition, hearing implants maker Cochlear (COH) has found its new CEO from within its own ranks rather than look outside.
Read MoreShares in gaming machine maker Aristocrat Leisure (ALL) jumped more than 6% yesterday after the company revealed a 35% rise in interim net profit.
Read MoreShares in AGL Energy (AGK) jumped sharply yesterday after the new CEO revealed the results of a review of the company – with around $1 billion in asset sales on a wishlist and $200 million in cost cuts by 2017.
Read MoreUS sharemarkets fell sharply on Tuesday as upbeat economic data fuel expectations that the Federal Reserve was still on track to raise interest rates this year. All 10 major S&P 500 sectors were lower. The energy index lost 1.2%
Read MoreInvestors understand that investing comes with risk and markets move in cycles. Voters understand that governments will make unpopular decisions at times. But in recent times markets and politicians have combined in something of a perfect storm for those of the generation where silver hair comes naturally.
Read MoreThe Reserve Bank’s cutting of official interest rates to a record low of 2 per cent should reinforce to income-focused investors why the concept of total-return investing makes sense.
Read MoreIn a low-rate market, a small improvement in the return on your cash deposits can add up to more than you think.
Read MoreThe ASX 200 is up 0.8%, supported by strong gains in the materials and financial sectors.
Read MoreChinese stocks rallied for a fifth straight day yesterday as the country’s leadership produced confirmation of another round of big infrastructure deals.
Read MoreThe bigger deal yesterday was the $1.8 billion move on the nickel assets of Sirius Resources (SIR) by Independence Group (IGO) – a transaction that had been well in the market in recent weeks.
Read MoreEvolution Mining (EVN) has surprised by winning the bidding for Barrick Gold’s rich Cowal gold mine in central NSW for $US550 million (or $A704 million).
Read MoreMelbourne service sector companies, Skilled Group (SKE) and Programmed Group (PRG), have re-entered talks about a possible merger only months after Skilled rejected a takeover offer from the company.
Read MoreEuropean shares fell on Monday in light volumes. Spanish and Greek stock markets were hit following a poor local election result in Madrid and concerns over Greece’s debt problems. The Greek govt said that it intended to make good on its debt deal.
Read MoreThe ASX 200 has gained 0.9% to finish stronger for a fourth straight session. All sectors climbed higher, led by Utilities, which was up 2.5%.
Read MoreThe ASX 200 is up 0.9% boosted by strong gains in the energy and materials sectors.
Read MoreOil and gold were pushed sideways and lower on Friday after the US dollar rose in the wake of talk on interest rates from Fed chair Janet Yellen and investors played safe ahead of the long weekend in the US for Memorial Day.
Read MoreThe start of two important weeks for the Australian economy with data starting to be released for the March quarter.
Read MoreChina’s stock market shrugged off fears in Hong Kong about some spectacular falls in the shares of former some former highflying companies and jumped more than 8%.
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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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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 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 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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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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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
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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 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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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 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 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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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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