US sharemarkets rallied in late trade on Thursday taking the S&P 500 to a record high. Investors bet on stronger sales from US multinationals following the weaker US dollar. The US dollar index fell to its lowest level since January.
Read MoreASX 200 enjoys best weekly performance in two months, rising by 1.5%. Mining stocks were some of the best performers, with the sector gaining 1.25%.
Read MoreFederal Treasurer Joe Hockey’s claim that the Government’s latest budget provides a “credible path back to surplus” has been widely derided – as is usual. According to the Budget papers, the now yawning budget deficit of $35 billion expected for 2015-16 (2.1% of GDP) is then projected to gradually shrink over the next few years, such that by 2019-20 it should again be back in the black.
Read MoreTwo weeks ago we discussed the leading signals that pointed to Automotive Holdings Group (AHG previously AHE) being re-rated significantly higher on the basis of a profit upgrade from peer AP Eagers (APE), record new car sales for February and March and record low interest rates. Together with a low valuation, attractive 5% fully franked dividend yield and an exceptional chart formation it looked set to move to record territory.
Read MoreUS sharemarkets ended largely flat on Wednesday. The soft retail sales data raised doubts on the strength of the economy. But a weaker US dollar boosted shares in export-led companies
Read MoreMore evidence that the Chinese economy is slowing, leading to forecasts of either another rate cut (the 4th since November) or the third easing in bank reserve ratios, to boost money available for lending.
Read MoreA smaller boost to Qantas (QAN) shares yesterday as the glow from the upbeat investor day briefing on Tuesday faded somewhat.
Read MoreSydney’s property boom is threatening the economy – right? Yep The Reserve Bank has said just that and in fact the central bank also says the property boom in Australia’s biggest city threatens to unbalance the wider economy and the financial system. Sydney’s property boom is being driven by investors, especially self-managed super funds and foreign buyers (predominantly from China).
Read MoreUS sharemarkets ended largely flat on Wednesday. The soft retail sales data raised doubts on the strength of the economy. But a weaker US dollar boosted shares in export-led companies
Read MoreThe ASX 200 has eased 0.3%, held back by heavy falls in the materials sector which fell 1.2%.
Read MoreAll of us experience financial turning points or financial milestones in our lives. But the way we deal with them obviously differs widely.
Read MoreInvestors may understandably be puzzled if their investment returns are very different from the managed investment funds holding their money. Vanguard analysts in Australia and the US have examined this phenomenon in which investors appear to be effectively underperforming themselves.
Read MoreDownload related file: Direct Bonds Lists 20150514 0901.pdf
Read MoreThe ASX 200 is up 0.4% boosted by gains in the energy sector thanks to a rebound in the oil price. The banks and miners are also firmer.
Read MoreNote: This article was originally published on Oliver’s Insights on May 13 2015 and has been republished with permission from the original author.
Read MoreBuilding products group CSR has confirmed the solid rebound reported in its in interim profit late last year in reporting an 82% jump in underlying full-year profit yesterday to $146.5 million, thanks to the surge in new home construction which boosted sales of bricks, glass and other products.
Read MoreTranspacific Industries (TPI) shares fell more than 11% at one stage yesterday after the market surprised by the news that CEO Bob Boucher has resigned from the waste handler for “personal reasons” after just 18 months in the job and will return to the US.
Read MoreShares in companies with involvement in the rural sector will come under pressure in coming months after the Bureau of Meteorology yesterday declared the return of the complex weather system, the first since March, 2010.
Read MoreBoom, boom – not the sound of a jet breaking the sound barrier, but Qantas (QAN) shares taking off yesterday after one of the most upbeat briefings delivered by the airline’s management in recent years.
Read MoreExplosives giant Orica (ORI) has downgraded its profit guidance, raised the possibility of cutting ammonium nitrate output as an oversupply situation looms, reported a drop in half year profit and told shareholders they will get a steady interim dividend for the six months to March.
Read MoreUS sharemarkets fell in early trade in line with European markets in response to rising global bond yields. But markets rebounded as bond yields settled.
Read MoreThe ASX 200 has finished up 0.71% with almost all sectors climbing higher. Consumer stocks led the gains, rising 1.65%.
Read MoreProperty investors know and respect the mantra; location, location, location. In bond and fixed income markets, the equivalent of location is capital structure, which determines who gets paid out first in the event of a company wind-up.
Read MoreThe ASX 200 is up 0.3% boosted by gains in the materials sector. A recovery in the financial sector is also helping to support the market.
Read MoreEven though markets will start the day on the backfoot after weak finishes in most of Europe and across all US markets this morning, a surge in iron ore prices should make local investors think again.
Read MoreThe weaker Australian dollar has worked some magic on the bottom line of fertiliser and explosives maker Incitec Pivot (IPL) which turned a 6% rise in revenue into a 27% jump in after tax profit.
Read MoreTwo changes at the top of major Australian companies yesterday have seen retiring National Australia Bank (NAB) chair, Michael Chaney heading back to chair Wesfarmers (WES) – the company he ran, and regional TV group and metro radio broadcaster, Southern Cross (SXL), replacing its long time CEO, Ryhs Holleran in something of a surprise.
Read MoreThe Reserve Bank and the National Australia Bank both agree on something about the economy – that it’s flat, business confidence is weak and conditions are weak as well, and drifting aimlessly.
Read MoreUS sharemarkets eased on Monday. Investors were focussed on the Greek debt situation, slower Chinese economic growth, higher equity valuations, upcoming economic data and lower energy prices. The Dow Jones fell by 86 points.
Read MoreThe ASX 200 has finished up 0.9% with most sectors gaining ground. The materials sector led the market higher, climbing 1.7%.
Read MoreNote: This article was originally published on Oliver’s Insights on May 11 2015 and has been republished with permission from the original author.
Read MoreThe ASX 200 is up 0.10%, boosted by gains in the energy and materials sectors. Financial stocks are again weighing on the market, extending last week’s heavy losses.
Read MoreUS oil futures ran higher on Friday night to notch up yet another weekly gain, thanks to a combination of another fall in US oil-rig counts and the solid monthly US jobs report for April.
Read MoreTuesday night’s Federal budget dominates the week ahead in Australia, while offshore the data flow will be slower and less important than last week, except for a meeting of eurozone finance ministers tonight, our time, which will discuss the situation in Greece.
Read MoreWatch for a solid day’s trading in local and other markets in Asia after a surprise rate cut from China last night.
Read MoreA surprise rate cut from China’s central bank late last night – a move that shouldn’t be so surprising given the weakness to the early economic data from China for April.
Read MoreThe blizzard of leaks about Tuesday’s budget continued at the weekend – all the good news on child care policy and other voter friendly initiatives being released to soften up voters.
Read MoreUS sharemarkets rose on Friday. While the firm jobs data highlighted a healthy economy, data wasn’t strong enough to cause the Federal Reserve to bring forward the timing of rate hikes. The Dow Jones rose by 267 points.
Read MoreThe local share market has extended last week’s 3.1% loss, with the ASX 200 slipping 0.2%. The financial sector was again a burden, slipping 0.5%.
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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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