Investors have given yesterday’s senior management changes at Myer (MYR) a big thumbs down – not because they are opposed to the departure of long time CEO Bernie Brookes, but because they seem to think it means there are undisclosed problems at the retailer which will need clearing up.
Read MoreThe ASX 200 has lost 0.4 percent held back by heavy falls in the energy and materials sectors.
Read MoreThe ASX 200 is up 07 percent with investor sentiment boosted by news the Chinese Central Bank will cut benchmark deposit and loan rates by 25 basis points.
Read MoreOn the succession question Warren Buffett expanded previous comments to say: “To further ensure continuation of our culture, I have suggested that my son, Howard, succeed me as a non- executive Chairman. My only reason for this wish is to make change easier if the wrong CEO should ever be employed and there occurs a need for the Chairman to move forcefully.”
Read MoreDon’t expect the next 50 years of Berkshire Hathaway to be like the first 50 – and perhaps not even the next 10 to 20 years, according to founder and chairman, Warren Buffett.
Read MoreIt’s going to be a big, big week for economic data and central bank decisions from Australia, Asia, Europe and the US.
Read MoreApart from the usual charge of the very late reporters (with hundreds of millions of dollars in losses) this morning through the ASX, the December 2014 reporting season is over.
Read MoreIt’s now official, the Chinese government is very, very concerned at the health of the economy – and we in Australia should be just as concerned.
Read MoreFor the Australian stockmarket, what a month February was and what a start to 2015.
Read MoreOil and gold had mixed weeks and months. Gold lost ground, but oil prices rose and had their first positive month since the current slide started eight months ago.
Read MoreThe People’s Bank of China has cut the 1-year lending rate by 25bp to 5.35% and the 1-year deposit rate by the same amount to 2.50%. US sharemarkets fell on Friday as investors took profits at the end of the month.
Read MoreThe ASX 200 has closed up 0.5 percent, helped by news China has eased interest rates to boost growth. Utilities stocks were the best performers, with the sector rallying 1.9 percent.
Read MoreWe had contrasting profit reports today from two of the major retailers in the country – in differing sectors – Woolworths (WOW) and Harvey Norman (HVN).
Read MoreThe ASX 200 is down 0.2 percent, held down by an 8.6 percent fall in Woolworths shares after the retailer’s disappointing profit result.
Read MoreUS sharemarkets were mixed on Thursday as energy shares eased back with oil prices. Tech stocks recorded healthy gains after upbeat earnings results.
Read MoreAnother mid cap with a solid interim out yesterday was Select Harvests (SHV) which boosted underlying profit 17% to $21.5 million for the six months to December.
Read MoreKerrunch … that’s the sound of the country’s investment boom collapsing, as forecast by the Reserve Bank, successive Federal Governments and every economist worth their laptop and Twitter account.
Read MoreDespite some nasty red ink, directors of Ausdrill (ASL) have attempted to keep faith with investors by declaring a one cent a share interim dividend for the six months to December.
Read MoreShares in Ramsay Health Care (RHC) rose more than 4% in yesterday’s general sell-off to hit an all time high during trading, after it reported yet another solid half year result, lifted interim dividend and upgraded its full year revenue and earnings guidance.
Read MoreShares in discount furniture retailer Fantastic Holdings (FAN) jumped to their highest level in more than a year yesterday after it surprised the market with a 43% surge in interim profit and fat rewards for patient shareholders.
Read MoreThe local sharemarket has finished up 0.3 percent with almost all sectors gaining ground. Woolworths shares plunged 9.5 percent after the retailer released disappointing profit results and cut its FY profit guidance.
Read MoreAusQuest Limited (ASX: AQD, Share Price: $0.02, Market Cap: $6m) has been on our Portfolio Watch-list for several years now, focused on big-picture exploration both here and abroad. Sadly, market conditions over recent years have worked against companies with ambitions of this type, but challenge has also brought opportunity. The company’s exposure to the nickel potential of the Fraser Range province in WA, the copper-gold potential of Peru and gold potential of Burkina Faso is paying dividends.
Read MoreIn 1974 the Australian Government purchased Jackson Pollocks masterpiece “Blue Poles” for the newly established National Gallery of Australia. It caused mass outrage and marked one of the first times that a single art work was front page news across the Australian press.
Read MoreMost sectors are trading lower, dragging the ASX 200 down 0.5 percent and snaping a three-day winning streak.
Read MoreQantas (QAN) has again stiffed shareholders by withholding an interim dividend, despite storming back to profit in the six months to December 31, thanks to the plunge in oil prices and the bitter cost cutting of the past 18 months.
Read MoreThe home building boom seems to have helped cement maker Adelaide Brighton (ABC) to new record profits and revenue figures for the 2014 financial year, which wrapped up on December 31.
Read MoreUS sharemarkets were mixed on Wednesday. Economic data was generally encouraging while investors monitored the second day of testimony from the Federal Reserve Chair.
Read MoreAnd the tiddler soars … a 32% plus jump in the depressed share price of battered contract miner and civil engineer Macmahon Holdings (MAH) stood out on the ASX yesterday as the company revealed more cuts to spending and a lowered guidance for the 2014-15 financial year.
Read MoreWorleyParsons (WOR) shares tumbled in the wake of a gloomy outlook issued by the mining, oil and gas engineering and services specialist.
Read MoreA pot of gold that lies in successfully selling carbs and coffee to more and more Australians has been the speciality of Retail Food Group (RFG) now for some years as it has put together the largest listed cafe and bakery based retailing group in the country.
Read MoreAlmost every sector closed weaker today, with the Telecommunication Services the worst performer, slipping 2.1%.
Read MoreThis is the second article in a three part series. Combined, the articles explain that bonds are appropriate investments across all economic cycles.
Read MoreThe ASX 200 is up 0.1 percent, lifted by gains in the materials and financial sectors. The energy sector is preventing further improvements, down 2.3 percent.
Read MoreNow here is a challenge for Qantas (QAN) as we prepare for its big profit announcement tomorrow morning – will it join Air New Zealand (AIZ) in paying a dividend to shareholders – or rather will the Qantas board have the sense to reward the tens of thousands of loyal shareholders who have sat suffering for years waiting to again received a crumb or two on their investments.
Read MoreUS sharemarkets rose on Monday with key indexes in record territory. Greece successfully secured an extension to its bail-out programme and the Federal Reserve Chair confirmed that rate hikes were still some way off.
Read MoreShares in travel group Flight Centre Travel Group (FLT) jumped more than 12% yesterday after the feared slowdown caused by fewer Australians travelling offshore because of the weakening Australian dollar, failed to have any real impact on the company’s performance.
Read MoreStandby for a surge in interest in BHP Billiton’s (BHP) ‘rats and mice’ collection of unwanted assets in aluminium, nickel, manganese and thermal coal after some of them staged solid recoveries in earnings in the six months to December 31.
Read MorePatties Foods (PFL) has done the right thing by dropping plans to pay an interim dividend until it sorts out the cost and other problems associated with the its Chile/Chinese berry hepatitis poisoning scare.
Read MoreIt’s another example where takeovers destroy value and cause problems out of proportion to the claimed benefits.
Read MoreThe ASX 200 has climbed 0.3 percent, boosted by strong gains in the materials sector which jumped 1.2 percent. Financial stocks also helped lift the market, with the sector improving by 0.3 percent.
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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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