The strong opposition from the board of Recall Holdings (REC) has upset Iron Mountain chief executive William Meaney who says he may take its ‘indicative, non-binding’ $7 a share bid for Recall and go home.
Read MoreTwo deals involving more than $US10 billion in oil and gas assets were revealed yesterday as the restructuring of the embattled sector gets underway.
Read MoreThe energy sector was the best performer, recovering some recent losses to close up 3 percent.
Read MoreThe ASX 200 is weaker for a fifth straight session, following a negative lead from global markets. The energy and materials sectors are the worst performers, after the price of oil fell to fresh 5-year lows.
Read MoreThe second major deal in the current slide in oil prices surfaced at the weekend , it’s a biggie – Repsol, the Spanish oil giant is planning to offer up $US8 billion for the Canadian independent, Talisman. With debt, any bid for Talisman, one of Canada’s biggest oil and gas independents, could be worth in excess of $US11 billion.
Read MoreThe Takeovers Panel has intervened to block Yancoal Australia’s (YAL) controversial recapitalisation which could see the minority 22% shareholders severely diluted if they don’t participate in a $2.3 billion share offer.
Read MoreIn what looks like a replay of the failed private equity bid for Treasury Wine Estates (TWE), document management business Recall Holdings (REC) has rejected a $2.2 billion, $7-a-share bid from long-time suitor Iron Mountain of the US, saying it undervalues the company.
Read MoreSome would call it brave, especially given the past year or so, for Newcrest Mining (NCM) to be talking about a new multi-billion dollar gold mine in Papua New Guinea.
Read MoreThe ASX 200 has finished in the red for a sixth straight session, closing near the day’s lows. The energy sector tumbled 2.1% after oil fell to fresh five-year lows.
Read MoreS&P/ASX200 lost 67.3 points or -1.31% on volume of $4.47 billion, closing at 5152.3.
Read MoreThe ASX 200 is down 0.9%, weighed down from losses in the energy sector after the price of oil hit fresh lows overnight.
Read MoreAnother miserable Friday has set up Asian markets for a nasty sell-off today, which will be complicated in Australia by the release of the mid-year economic statement from the embattled Abbott Government just after midday.
Read MoreAmid all the angst about falling oil, coal and especially iron ore prices, not to mention continuing pressure on big mining companies to cut costs and spending, BHP Billiton (BHP) and Rio Tinto (RIO) are drifting towards a decision on the huge Resolution underground copper project in the US that will worry the life out of investors and analysts.
Read MoreIn any week, the final meeting of the year of the US Fed’s key policymaking committee would normally dominate events, but this week global markets will be more concerned with the slide in oil prices and the way they are sending shares and bond prices lower.
Read MoreThere’ll be renewed confirmation this week that the Chinese economy continues to slow.
Read MoreThe share market is trading in the red on Monday, adding to last week’s 2.1 percent fall.
Read MoreS&P/ASX200 lost 33.5 points or -0.65% on volume of $3.60 billion, closing at 5186.1.
Read MoreEURUSD: Why TLTRO disappointment open the door to further weakness
Read MoreThe energy sector is the best performer today, up about 1% after days of heavy selling.
Read MoreAnother rough day on financial markets can be expected today after US oil prices fell under $US60 a barrel for the first time this morning, US time.
Read MoreCaltex Australia (CTX) yesterday joined Qantas (QAN) in confirming that it has been one of the big winners in the current slump in global oil prices which fell to new five year lows yesterday.
Read MoreEmbattled energy company Santos (STO) has moved to meet market demands for some radical action in the face of the collapse in its share price and the rapid fall in world oil prices by revealing big cost cuts for 2015.
Read MoreIt was the fastest pace of jobs growth since March 2012, but also the highest unemployment rate for 12 years – two readings from the November jobs data which confounded some of those looking for rate cuts and sent the Aussie dollar higher, as well as helping halt a worrying sell off on the ASX yesterday morning.
Read MoreThe ASX 200 closed down 0.2 percent today, taking this week’s losses to 2.1 percent.
Read MoreS&P/ASX200 lost 11.4 points or -0.22% on volume of $4.67 billion, closing at 5219.6.
Read MoreAnova Metals (ASX: AWV, Share Price: $0.032, Market Cap: $8.4m) is an Australian based junior developer concentrating activities on the Big Springs Gold Project in northern Nevada. Since acquiring the historical producer in 2012, Anova has progressed steadily towards production. With permitting for the initial stages expected during Q1 2015, open-pit mining will commence during mid-2015. An initial three-year, four-stage mining plan is being developed, which will include one open-pit and three underground operations mining a total of 780,620t @ 5.52g/t gold.
Read MoreGains in the Materials and Energy sectors prevented the ASX 200 from falling further.
Read MoreOur market is heading for a nasty 50 point fall at the open Thursday after commodities, led by oil, sold off and markets in Europe and especially the US fell sharply.
Read MoreUS sharemarkets fell sharply on Wednesday with energy stocks leading the declines. Falling oil prices continued to raise concerns about the profitability of oil companies. The S&P energy index was down 3.2% and was the worst performing sector.
Read MoreThe New Zealand Reserve Bank has again left its key interest rate on hold as the economy continues to burble along in a comforting burst of low inflation growth.
Read MoreAPA Group (APA) is asking shareholders and the market for a massive $A1.839 billion via a discounted renounceable rights issue to help fund the $US5 billion ($A6 billion) purchase of the recently built pipeline in BG Group’s liquefied natural gas project in Queensland.
Read MoreInflationary pressures in China are intensifying as economic activity slows.
Read MoreDon’t listen to the stuff being talked about more interest rate cuts to boost a flagging economy next year – just look at the home loan figures from the Australian Bureau of Statistics yesterday.
Read MoreThe ASX200 lost 28 points or -0.54% on volume of $5.86 billion, to end the session at 5231.
Read MoreThe local market has finished weaker for a third straight session with the energy sector falling by 2.7%.
Read MoreNote: This article was originally published on Oliver’s Insights on December 5 2014 and has been republished with permission from the original author.
Read MoreEuropean shares fell to a two-week low on Tuesday, led down by a slump in Greek stocks after an unexpected decision to bring forward the country’s presidential election. Concerns centred on the strength of the anti-bail-out Syriza party.
Read MoreAPRA, the Australian Prudential Regulation Authority and the key banking regulator, has waggled its fingers at home lenders and warned them they will be picked off individually where they engage in what the regulator believes is imprudent home lending activities, especially with investors.
Read MoreSkilled Group (SKE) shares bounced 10% at one stage yesterday after Monday’s nasty and out of the blue sell-off prompted the labour-hire group to issue a market update.
Read MoreAnother big fall in its share price yesterday has confirmed Santos (STO) as the first significant local victim of the plunge in oil prices.
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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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