Santos (STO) has joined the likes of BHP Billiton (BHP), Rio Tinto (RIO), Woodside Petroleum (WPL) and a host of other resource majors and minors in selling its cost cutting and attempts to improve efficiency.
Read MoreCollins Foods (CKF), the KFC franchisee and target of a failed board shake-up earlier this year, reported an interim loss of $23 million after impairing the value of its struggling Sizzler chain.
Read MoreApple’s life as a $US700 billion (around $A820 billion) was brief – a few minutes on Tuesday morning (US time) as investors took the stock to $US119.75, the level where its value topped the magic figure.
Read MoreS&P/ASX200 gained 4.7 points or +0.09% on volume of $4.59 billion, closing at 5400.9.
Read MoreGains from the banks were offset by heavy falls in the mining and energy sectors.
Read MoreAll sectors are stronger, with financial and banking stocks leading the gains.
Read MoreWatch out for another slide in local share prices after the price of iron ore tumbled well under $US70 a tonne overnight.
Read MoreTechnologyOne (TNE) shares dipped 1.3% yesterday despite the company revealing a solid 2013-14 profit.
Read MoreHarvey Norman (HVN) surprised the market with news of a special 14 cents a share dividend yesterday, taking investors completely unawares as the news was buried in a statement announcing a modest fund raising. The issue will raise a total of $140 million.
Read MoreThe aggressive Retail Food Group (RFG) continues to expand deeper into our cafe and coffee culture, this time buying control of Brisbane-based Di Bella coffee, a month after it grabbed control of Gloria Jean’s here and around the world.
Read MoreNo sign of any market nervousness about the shares of Aristocrat Leisure (ALL) with its annual results yesterday – as we saw a week or so ago when the much smaller Ainsworth Game Technology (AGI) shocked investors with a downgrade at its annual meeting.
Read MoreAlmost all sectors finished firmer, led by Health Care, which gained 1.6%.
Read MoreS&P/ASX200 gained 61.4 points or +1.14% on volume of $4.60 billion, closing at 5396.2.
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Medical device maker Nanosonics (NAN) may be a small Australian company, but it has high-powered support in rolling out its innovative disinfection technology.
Read MoreMyth #4. Fixed Income returns are low and will be a drag on my portfolio’s performance
Read MoreIt was a case of forget the gloomy news in yesterday’s coal and copper briefing from BHP Billiton (BHP) and buy the ’sugar hit’ from the surprise Chinese interest rate cut.
Read MoreIt was a case of good timing when testing and services group ALS Ltd (ALQ) reported its interim financial figures yesterday.
Read MoreIgnore the rebound in markets (as I wrote yesterday) and focus on the underlying message from China’s surprise rate cut.
Read MoreMining and energy stocks were the worst performers, while Medibank shares rallied 7% on debut.
Read MoreLast Friday Macquarie published a lengthy review of the spot uranium market, citing five reasons why the analysts expected the strong rally on low volumes must peak out ahead of a sharp price consolidation. Macquarie was on the money if not unfortunate, given by the time the report was being published spot uranium was on track to a 13% price plunge over the week. Industry consultant TradeTech’s spot price indicator finished the week down 13%, or US$6.00, to US$38.00/lb.
Read MoreEvery sector trading weaker today led by the energy and materials sectors.
Read MoreMiners are rallying after a surprise decision by the PBOC to cut deposit and lending rates.
Read MoreChina’s rate cuts and those encouraging words from Mario Draghi of the European Central Bank gave embattled oil and gold markets a lift on Friday.
Read MoreWithin hours of The Economist magazine calling for China’s central bank to cut interest rates to ease growing pressure on China’s slowing economy, it did and there are prospects of more to come.
Read MoreOur market is heading for one of the strongest openings in months later this morning after surprise news from China and Europe triggered big gains overnight Friday.
Read MoreA week of mixed influences ahead – there’s the short week in American markets because of Thanksgiving on Thursday, and some vital data, there’s the Opec meeting on Thursday, there’s also the usual end of month flow of figures from recessed Japan, and there’s also the start of our key third quarter figures in Australia, plus the Medibank float.
Read MoreMiners boosted the local market with the materials sector surging 3.3% after the PBOC eased interest rates.
Read MoreGains to start the week with the ASX200 adding 57.5 points or +1.07% on volume of $4.40 billion, closing at 5361.8.
Read MoreThe ASX 200 is slightly weaker held back by the banks. Mining and energy stocks however are recovering after recent weakness.
Read MoreOnce again everyone has focused on what Reserve Bank Governor, Glenn Stevens was saying in his first speech on the Australian economy in two months in Melbourne this week, and not looking more broadly at what is going on elsewhere, especially in the weakening Chinese property sector.
Read MoreSonic Healthcare (SHL) yesterday joined the growing list of companies downgrading either their interim or full year profits and saw its shares sold off by nervy investors.
Read MoreSo will our market take a breather today after eight nasty days of selling and gloom which has seen the ASX 200 lose almost 200 points?
Read MoreShareholders in BHP Billiton (BHP) were more interested in the damage the falling iron ore price was doing to the company, rather than what they were told at the company’s Australian annual meeting in Adelaide yesterday.
Read MoreThe ASX 200 has slipped 0.2 percent today, taking this week’s losses to 2.7 percent.
Read MoreWith global equity markets continuing to rise, more and more investors are starting to fret that the party might be about to end sometime soon. As the saying goes, however, equity prices tend to climb a “wall of worry” – as long as there’s at least a vocal minority worrying about the market, chances are that prices will keep moving higher.
Read MoreStrike Energy is an emerging petroleum play with a rapidly growing presence in the unconventional energy sector in South Australia’s Cooper Basin, where an important flow-testing and fraccing program is currently underway.
Read MoreThe weaker Iron Ore price is hurting the Materials Sector, which is down 1.5%.
Read MoreForget what happened on Wall Street, the FOFA laws, the Fed’s minutes and anything else – the big news for local investors is the fall overnight in global iron ore prices to $US70.20 a tonne.
Read MoreWoolworths (WOW) shares hit a 52 week low in trading yesterday as the great November sell off in the country’s biggest retailer continued.
Read MoreInvestors sold off shares in Ainsworth Game Technology (AGI) yesterday after the annual meeting heard a sales downgrade which will lead to a fall in first half profit.
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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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