The controversial $70 billion restructure of the Westfield shopping mall group will go ahead after securityholders in the Retail trust voted in favour of the deal at the adjourned special meeting in Sydney on Friday morning.
Read MoreSellers take advantage of better prices after recent gains, most sectors are in the red
Read MoreWhat a difference a day makes; stocks higher on hopes that US interest rates will remain lower for longer after the Fed downgraded US growth forecasts.
Read MoreDespite cutting its forecasts for the rest of the year, the US Federal Reserve thinks the American economy is over the first quarter big freeze and trending nicely higher, along with the labour market.
Read MoreMedia business writers frothed and chortled this morning, forecasting that Melbourne businessman Solomon Lew would either block the David Jones (DJS) takeover offer from Woolworths of South Africa, or try a bit of greenmail to grab control of Country Road (CTY), which is also owned by Woolworths.
Read MoreWoodside (WPL) shares fell 4.5% yesterday (to $40.90) after investors sold off nearly 53 million shares, worth almost $2.2 billion in the wake of the sell down by Shell.
Read MoreS&P/ASX200 gained 85.5 points or +1.56% on volume of $6 billion, closing at 5468.2.
Read MoreStocks enjoyed their best performance so far of 2014, thanks to dovish comments from US Federal Reserve Chair Janet Yellen.
Read MoreNote: This article was originally published on Oliver’s Insights on 19 June 2014 and has been republished with permission from the original author.
Read MoreThe ASX 200 remains around the 5400 level on Wednesday. WPL shares are lower as institutions absorb the sale of 80mln shares overnight
Read MoreVirgin Australia (VAH) continues to be stalked by its big three holders – Air New Zealand (AIZ), Etihad and Singapore Airlines.
Read MoreOnce again investors and traders in local financial markets have gotten all excited about the prospect of official interest rates remaining at their current record low levels for longer than expected.
Read MoreWoodside (WPL) shares are expected to resume trading today with a price rise anticipated by investors after the sell down by Shell of most of its stake in the largest pure hydrocarbon company on the ASX.
Read MoreS&P/ASX200 lost 18 points or -0.33% on volume of $5.7 billion, closing at 5382.7.
Read MoreLocal stocks fell for the second day largely due to energy sector weakness. Home prices in China fell for the first time in two years and the Australian dollar lost some ground.
Read MoreCommSec’s Juliette Saly delivers a market update. The iron ore price has closed below US$90 a tonne, dragging down resource stocks.
Read MoreAustralian share prices will come under more pressure today after the world iron ore price breached the $US90 a tonne level overnight and fell 2.1% to a new 21 month low, but the news again won’t shift the value of the Aussie dollar lower.
Read MoreThe first bit of good news for months from Sydney-based casino operator Echo Entertainment Group (EGP) saw the share price rise strongly yesterday.
Read MoreShares in Super Retail Group (SUL) were dealt with rather generously yesterday by investors after it revealed its third earnings downgrade this year.
Read MoreLocal stocks wiped out yesterday’s improvements, with a weaker iron ore price together with geopolitical concerns in Iraq and Russia holding markets back.
Read MoreS&P/ASX200 lost 11.6 points or -0.21% on volume of $3.6 billion, closing at 5400.7.
Read MoreWe’re always hearing Australian investors should look to Asia for growth opportunities that can’t be found elsewhere in the world. But in reality investors remain cautious, with the majority seeing the region as too adventurous and outside the mainstream investment consideration set.
Read MoreThe paradox that is the Chinese economy has again been underlined in the May production data, especially for steel, and the price of iron ore and property.
Read MoreThanks to events in Iraq last week, global financial markets are now facing increased volatility, while economies from Japan through Europe to the USA and Australia face a rising threat from inflation generated by higher energy prices and a negative impact on the already weak levels of demand.
Read MoreThe US Federal Reserve’s two day meeting this week dominates all markets around the world.
Read MoreAll eyes will be on events in Iraq, and on the US Federal Reserve this week, but Iraq will be the big concern.
Read MoreASX 200 stages a recovery to end in positive territory.
Read MoreS&P/ASX200 gained 7.2 points or +0.13% on volume of $3.4 billion, closing at 5412.3.
Read MoreTough start to the week – banks & retail lower, miners doing OK even with the weaker iron ore price.
Read MoreBritain has suddenly moved to the front row of developed economies looking to lift interest rates. Its behind New Zealand where the country’s central bank lifted rates a third time on Thursday to a five year high, but Britain, piloted by the newish jockey in Bank of England Governor, Mark Carney made a swift dive through on the rails on Thursday night to be just behind the Kiwis.
Read MoreAs expected Nexus Energy (NXS) went into administration last night after shareholders rejected the 2 cents a share, $26.6 million bid from Kerry Stokes’ Seven Group Holdings (SVW).
Read MoreS&P/ASX200 lost 23.7 points or -0.44% on volume of $4.4 billion, closing at 5405.1.
Read MoreIraq worries weigh on stocks, but the Aussie has found some support above US94c.
Read MoreNo real change in the jobs market in May with little sign the downturn in confidence among consumers after the federal budget has impacted jobs growth.
Read MoreWheat prices, already down sharply in 2014, are forecast to continue to fall over the rest of 2014, as rising global production offsets the early impact of drought in Australia and the US.
Read MoreAt last, some market volatility for all those moaning banks and brokers to trade off and make money.
Read MoreRising oil prices have seen energy as the only group to enjoy buying support today.
Read MoreStocks are in the red on Thursday, with utility stocks the only area of support.
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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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