The dramatic plunge in iron ore prices (to a new low of just $US46.70 a tonne overnight Monday) has forced Atlas Iron (AGO) into a wholesale review of its business and the suspension of trading in its shares on the ASX.
Read MoreBreville Group (BRG) shares edged higher yesterday after the appliance maker ended a seven-month search for a new chief executive, with the company announcing it had appointed former LG and McKinsey executive Jim Clayton to the job.
Read MoreWhile economists now see May as the best bet for an interest rate cut from the Reserve Bank, don’t bank on it.
Read MoreUS sharemarkets eased in late trade on Tuesday as traders positioned ahead of the start of the profit-reporting season (earnings season).
Read MoreThe ASX 200 has finished up 0.6 percent thanks to a 2.5 percent rally in the energy sector and a 1.3 percent surge in the materials sector following a rebound in commodity prices.
Read MoreThe ASX 200 is up 1.3 percent at mid-session, with almost every sector trading higher ahead of today’s Reserve Bank interest rate meeting.
Read MoreThe sell off in iron ore continued over the Easter break with the price losing nearly 5% in the past four days. Overnight Monday the global spot price (according to the Steel Index) fell to $US46.70 a tonne, down 4.9% per cent from its previous close.
Read MoreIts a busy week here and offshore with economic data and central bank decisions, plus the start of US March quarter earnings season. But only one event will matter for local markets – today’s Reserve Bank board meeting and post meeting statement from Governor Glenn Stevens at 2.30pm.
Read MoreThe next major test for global sharemarkets is the US March quarter earnings season starting tomorrow (Wednesday) night, our time, with aluminium giant Alcoa due to report.
Read MoreUS sharemarkets rose on Monday after traders had time to dissect Friday’s job figures as well as the latest ISM services index. The Dow Jones rose by almost 118 points or 0.7% points.
Read MoreThe ASX 200 has finished up 0.5%, failing to cling on to earlier gains after the Reserve Bank decided to leave the cash rate on hold at 2.25%.
Read MoreLocal shares have shrugged off a weaker finish for US stocks overnight to post solid gains in early trade. A rebound in oil prices is helping the energy sector, while healthcare is the best improved group. Miners are lagging after a fall in iron ore
Read MoreIron ore has plunged below the $US50 per tonne mark as a supply glut and lingering concerns over the health of China’s economy threatens to inflict more pain on junior miners and the Australian budget.
Read MoreIt was a mixed news day from Asia and from the Australian economy yesterday, although there was one certainty – the Sydney property market is going gangbusters, but the rest of the country is cooling.
Read MoreThe monthly and quarterly data drop on activity in Asia’s biggest economies kicked off yesterday, with the tenor of the reports matching early releases for Japan and South Korea earlier in the week.
Read MoreUS markets eased by 0.4% with firmer commodity prices helping push mining and energy sectors a little higher. Webhosting company GoDaddy rose by 30% as it made its debut on the NYSE.
Read MoreLocal shares have finished a holiday shortened week on a strong note rising by 0.6% as confidence grew in the idea that the RBA will cut rates on Tuesday. Over the course of a volatile week the ASX 200 shed 0.3%.
Read MoreHere’s an easter wish for investors in Fortescue (FMG) and other struggling iron ore stocks.
Read MoreNote: This article was originally published on Oliver’s Insights on April 1 2015 and has been republished with permission from the original author.
Read MoreLocal shares remain volatile with the ASX 200 down 0.2% at lunch on Wednesday after surging by 0.8% on Tuesday. Mining and energy companies are major drags with commodity prices slumping overnight.
Read MoreTreasury Wine Estates (TWE) yesterday revealed a further revamp of its winemaking and distribution facilities across Australia and the US.
Read MoreProductive products producer Ansell (ANN) has revealed its third major acquisition in three years with plans to buy Microgard, a UK-based protective clothing manufacturer, for 59 million pounds (A$113 million).
Read MoreToy distributor, Funtastic (FUN) has taken its accumulated losses for the past 18 months to more than $60 million after yesterday reporting a net loss of $28 million for the six months to January 31.
Read MoreThe Australian stockmarket will start the new month and quarter on a down note after another slide in global iron ore prices and a further falls on Wall Street and in Europe on the last trading day of the March quarter.
Read MoreUS sharemarkets gave back most of the previous day’s solid gains on Tuesday as investors booked profits at the end of the quarter. Energy shares also fell in line with a lower oil price.
Read MoreLocal shares eased by 0.5% today after rising by 0.75% on Tuesday. Mining and energy sectors came under pressure following a near 4% slump in the iron ore price and a softer oil price.
Read MoreEvery ASX sector is higher in early trade on Tuesday led by the Materials sector after the PBoC announce measures aimed at supporting the Chinese property sector.
Read MoreSo will another fall in the global iron ore spot price under $US53 for the first time be enough to offset the very positive lead from Wall Street and European markets overnight which was totally at odds with yesterday’s nervy 1.3% slide in the local market?
Read MoreMore weak economic data from two of Asia’s major economies (and major Australian export markets) in Japan and South Korea. The news adds to the sense that with China, the engines of Asia have started 2015 on a decidedly weaker note, with no sign of any improvement on the horizon.
Read MoreShares in copper miner PanAust (PNA) went against yesterday’s savage sell-off as they jumped 40% to $1.72 at the close after the board revealed it was considering a $1.71 a share off-market takeover offer from its major shareholder, Chinese State-owned Guangdong Rising Assets Management (GRAM).
Read MoreSlater & Gordon (SGH) shares were suspended from trading yesterday to allow the legal services group to kick off an accelerated fund raising among big investors that will look to raise $890 million, at $6.37 share, to fund the big expansion of its UK operations.
Read MoreUS sharemarkets rose on Monday on merger and acquisition activity. In the health sector, OptumRx Corp, a unit of UnitedHealth Group, agreed to buy pharmacy benefit manager Catamaran Corp in a deal worth $12.78 billion.
Read MoreLocal shares recovered most of Monday’s losses with the ASX 200 Index up 0.8%. Mining and energy stocks did best after a challenging start to the week.
Read MoreForecasts are always fraught with danger. The longer the time frame the more susceptible forecasts will be to wide variations in the range of possible outcomes. Which makes the Federal Government’s Intergenerational Report (IGR) such a fascinating exercise given it is trying to forecast what Australia will look like four decades hence.
Read MoreLocal stocks off to a tough start with ASX 200 slumping by 1.4% at lunch.
Read MoreUS sharemarkets rose modestly on Friday with investor sentiment boosted by speculation of takeover action in the tech sector. Shares in Intel rose 6.4% after the Wall Street Journal reported that it was in takeover talks to buy rival Altera.
Read MoreUS oil giant, Chevron has slashed its involvement with Australia in a big way – selling off its 50% stake in Caltex Australia (CTX) and deciding not to proceed with the tight rock oil and gas drilling projects with Beach Energy (BPT) and Icon Energy (ICN).
Read MoreShares in Beach Energy (BPT) and Icon Energy (ICN) will come under pressure this morning in the wake of a fall in oil prices offshore overnight Friday, and the more important news of Chevron walking away from the shale oil and gas projects in the Cooper Basin area of Central Australia.
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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. |
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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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