Like Australia’s other major oil groups Woodside (WPL) and Santos (STO), Oil Search (OSH) is battling the slide in oil and gas prices and their impact on operating costs and revenues, not to mention spending and, no doubt later this year, shareholder returns.
Read MoreBrambles (BXB) shares dipped nearly 3% in yesterday’s generally stronger market, despite providing a solid trading update for the March quarter and first nine months of the 2014-15 financial year.
Read MoreUS sharemarkets were mixed on Tuesday, with the Dow Jones and S&P 500 paring back early gains. Ahead: In Australia, inflation data is released BHP releases quarterly production figures.
Read MoreThe Australian share market has finished in the red, after data showed inflation rose at its weakest annual pace in almost three years in the March quarter. The financial and energy sectors both lost almost 1%.
Read MoreThe ASX 200 is up 0.9 percent boosted by strong gains from the banks and miners. Rio Tinto has released its March quarter production results, with iron ore shipments missing expectations.
Read MoreThat’s better. US and European stocks nearly erased Friday’s sell off overnight, as the Dow had its best single day in three weeks.
Read MoreA rather ‘ho-hum’ reaction from investors yesterday to OZ Minerals (OZL) long awaited revamp and results of its strategic review.
Read MoreThe toughness of the iron ore market and staying competitive was underlined yesterday in the quarterly report from Arrium (ARI), the steelmaker with a shrinking iron ore mining and export operation in South Australia (the old OneSteel).
Read MoreUS sharemarkets rebounded on Monday after investors responded positively to economic stimulus in China. Optimism about future earnings results lifted technology stocks.
Read MoreThe ASX 200 has gained 0.7 percent, boosted by increased expectations of a rate cut in May following comments from RBA governor Glenn Stevens and the release of minutes from the April board meeting.
Read MoreThe ASX 200 is down 0.8 percent with almost every sector trading in negative territory, after a sell-off on global markets on Friday. China’s cut to its Reserve Requirement Ratio has done little to soothe investor jitters.
Read MoreGlobal markets are heading for a shakeout today after Chinese share futures plunged Friday night when the country’s stockmarket regulators moved to try and slow the mad cap advance in share prices.
Read MoreThe US first quarter earnings season cranks up this coming week, with 147 companies in the S&P 500 index reporting, led by a group of the world’s biggest tech companies – including IBM, Google and Facebook.
Read MoreAnother big week for oil last week, but gold saw more circumspect trading. In fact, while gold hardly moved all week, oil’s weekly gains were the largest in up to five years.
Read MoreCan another interest rate cut be far behind after China’s central bank yesterday made another cut in the reserve asset ratios of the country’s banks in an effort to force more money to be lent to struggling businesses?
Read MoreUS sharemarkets fell in line with Asian and European markets on worries about the health of the Greek economy and new sharemarket regulations in China.
Read MoreThe local share market has fallen 0.8 percent today, following weakness on global markets on Friday. Almost all sectors retreated, with the IT sector leading the losses, falling 1.7 percent.
Read MoreThe share market is under pressure today, weighed down by falls in the materials and financial sectors. The Energy sector is a bright spot on the market, helped by a rise in oil prices overnight.
Read MoreRox Resources (ASX: RXL, Share Price: $0.03, Market Cap: $25m) is one of our most highly-credentialed exploration plays, with three highly-prospective projects – its Fisher East nickel sulphide project in Western Australia, followed by two secondary projects – the Reward zinc and Bonya copper projects, both situated within the Northern Territory. We introduced the stock to our Portfolio during May and our most recent coverage was in our MineLife Weekly 198 during February 2015.
Read MoreNine Entertainment (NEC) shares went for a little run yesterday after it announced a boost to its dividend and share buyback program, in the wake of selling its Nine Live (Ticketek) business to a private equity company for a total value of $640 million.
Read MoreSurprisingly Australia seems to have created around 80,000 new jobs in February and March – a development which confirms the feeling the economy is travelling better than the gloomsters have been telling us – especially some of those economists from financial groups, many of whom seem to be trying to talk official interest rates lower (banks and others make more money from lower rates).
Read MoreA defiant Fortescue Metals Group (FMG) yesterday claimed that it can continue to generate cash despite the price of iron ore plunging to decade-lows earlier this month.
Read MoreUS sharemarkets gave back early gains in a volatile trading session on Thursday. Earnings results were generally upbeat. The S&P 500’S top gainer was Netflix, which jumped 18% a day after posting better-than-expected results.
Read MoreThe ASX 200 has fallen 1.2 percent to close near the day’s lows. Mining and financial stocks retreated, while the energy sector bucked the trend on higher oil prices.
Read MoreWe’re only a few weeks from the next Federal Budget and already the omens are not good. Due to the slump in commodity prices, and ongoing general weakness in the economy, we know that the Budget will contain another confidence jarring write down in government revenues. Prime Minister Tony Abbott this past week hinted the loss could be around $30 billion over the four year forward estimate period.
Read MoreListen and watch what oil companies are doing – not what’s happening in the oil futures market.
Read MoreCost is a key factor in many of our purchasing decisions and while the extent of its impact on decision making may differ, we all want to ensure we are getting sufficient value for our hard earned cash.
Read MoreThe ASX 200 is firmer, ending a three session slump led by gains in the energy and materials sectors. The jobless rate eased to 6.1 percent in March, from a revised 6.2 percent in February. Employment rose by a better than expected 37,700.
Read MoreGold and copper miner PanAust (PNA) has rejected a state-owned Chinese company’s $1.1 billion takeover bid, despite it being much lower than the first bid last year. The rejection is likely to see the bid turn hostile.
Read MoreWhile China’s economy certainly slowed in the March quarter – the news yesterday scaring markets into falling – it is not the bad news that many headlines and instant analysis made it out to be.
Read MoreWoodside Petroleum’s (WPL) revenue plunged 16% in the three months to March, according to the quarterly report, released yesterday.
Read MoreChina’s crude production, iron ore imports and real estate investment and sales figures are among the most important figures from the monthly data drop in Beijing – for March there was good and bad news for the Australian market and companies such as Fortescue Metals (FMG).
Read MoreUS sharemarkets rallied on Wednesday. Upbeat earnings, a rally in energy stocks and speculation the Fed may hold off on raising interest rates fuelled demand for equities.
Read MoreThe ASX 200 has finished up 0.7 percent boosted by strong gains in the energy and materials sectors. Financials recovered some recent losses, with the sector climbing 0.6 percent.
Read MoreMore evidence that the economy is doing better than many worryworts believe.
Read MoreInvestors yesterday accepted the move of GPT CEO Michael Cameron to become CEO of Suncorp (SUN).
Read MoreThe collapse in global iron ore prices continues to have fallout with ratings group Standard & Poor’s yesterday, putting the major iron ore producers on a warning of a possible downgrade, and the state of Western Australia as well.
Read MoreShareholders in the National Australia Bank (NAB) face the unhappy prospect their bank will have to fork out hundreds of millions dollars above what has already been set aside to meet the rising cost of misselling financial insurance products by its UK subsidiary, Clydesdale.
Read MoreUS sharemarkets were mixed on Tuesday. Shares in energy stocks rose in line with a higher oil price. Shares in JP Morgan rose by 1.6% after first quarter earnings beat forecasts.
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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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