Good news from the early July figures on the Chinese economy with exports up sharply, imports down, and a record trade surplus of more than $US47 billion and inflation stable, with house price growth continuing to ease as the property boom subsides.
Read MoreThe Australian June 30 reporting season hits top gear this week with 36 major companies due to release earnings, which will tell us a lot about the sustainability of the market at current levels, especially the shares of big banks and their long two-year rally.
Read MoreWhat a difference a day and an "assurance" from the Russian government makes to market sentiment – even allowing for the return to bombing in Iraq by the US on Friday.
Read MoreThe Australian June 30 reporting season will dominate this week (see separate report), along with a couple of key bits of official data on wages growth.
Read MoreIn broad terms the ASX 200 was able to maintain the levels that had been established in the early part of the day, although sellers had gained an edge in mid – afternoon trade when the index retreated from 5470 back towards 5455. Buyers returned in the final half hour of trade seeing the market close at 5457.
Read MoreThe S&P/ASX200 gained 21.7 points on Monday or +0.40% on volume of $2.7 billion, closing at 5457.
Read MoreThe local market trades with gain of 33pts at best level at the open.
Read MoreRox Resources is a well managed explorer with interests in nickel, gold and zinc within Western Australia. The next major milestone for investors is a revised JORC-compliant nickel resource at Fisher East.
Read MoreNote: This article was originally published on Oliver’s Insights on 8 August 2014 and has been republished with permission from the original author.
Read MoreBiggest gains on the ASX200 so far: BDR up 3.5%, GUD up 2.3%, ABC up 2.3%, NST up 2.2%, PDN up 2.1%
Read MoreFor all the global instability we have started seeing – such as in Ukraine, the South China Sea, Gaza and Libya, global mining giant, Rio Tinto (RIO) remains pretty upbeat about the outlook for commodities.
Read MoreGambling group Tabcorp (TAH) has lifted its full year profit 3%, despite a slide in revenue, but is forecasting a small lift in dividends in the 2015 financial year.
Read MoreThe Thai-controlled Singapore property group, Frasers Centrepoint will extend its $4.80 a share cash off for Australand (ALZ) by another 14 days to allow it to mop up the minorities after grabbing more than 56% with its offer by the deadline of 7pm last night.
Read MoreA sharply higher profit than forecast, a higher dividend, promise of more to come, and another hint that the company will soon be in a position to consider capital returns to shareholders – they are the brief highlights from Rio Tinto’s (RIO) interim profit announcement yesterday.
Read MoreASX 200 loses 2.2% this week with the technology the worst sector led by CPU whose share have shed 4.2%.
Read MoreBy the end of the session on Friday the S&P/ASX200 lost 73.7 points or -1.36% on volume of $3.1 billion, closing at 5435.3.
Read MoreThe Australian economy is not in a great place right now, as a lack of competitive pressure in many sectors is adding to inflation, while a lack of growth drivers is keeping unemployment relatively high.
Read MoreThe local market is down 15 points or 0.25% at lunch. Biggest gains on the ASX200 today: AAD up 7.2%, BDR up 5.9%, EVN up 5.4%, RRL up 4.2%, NST up 3.8%
Read MoreEven though the market had previously given a cautious thumbs up to the idea, it was far more circumspect yesterday when Orica (ORI) firmed up the idea of the getting rid of its chemicals business.
Read MoreAs expected, shares in Ausdrill (ASL) were pounded yesterday after it produced up to $90 million of write-downs and losses that the company warned were coming in a statement to the ASX late last week.
Read MoreThe brief, four months of trade surplus late last year and in early 2014, sparked by higher iron ore prices and exports, as well as a fall in imports of capital goods, helped the Australian trade account rebound more than $14 billion, into surplus in the year to June 30.
Read MoreBy the end of the session on Thursday the S&P/ASX200 lost 3 points or -0.05% on volume of $2.3 billion, closing at 5509.
Read MoreTollroad giant Transurban (TCL) plans to boost 2015’s payout to securityholders to 39c a share after yesterday reporting a solid 13% rise in net profit for the year to June 30.
Read MoreShares in bionic ear maker, Cochlear (COH) more than doubled the 6% rise in the past year, thanks to a second half performance that confirmed the company is back on track after a rough first half of the 2013-14 financial year.
Read MoreExcuse me for being more than a bit cynical – but the reason for Downer EDI (DOW) trotting out a share buyback yesterday of uncertain size is blatantly clear.
Read MoreAs expected, the Reserve Bank has left its official interest cash rate steady on 2.5%, 12 months after cutting it to that record low.
Read MoreSellers continued to apply pressure to the ASX 200 over the course of the afternoon on Wednesday. So far this week the index has shed just over 0.8 per cent having lost half a per cent last week.
Read MoreBy the end of the session on Wednesday the S&P/ASX 200 lost 6.6 points or -0.12% on volume of $2.1 billion, closing at 5512.
Read More
In July 2013 Westpac launched an ASX listed subordinated debt issue seeking to raise $750m.
Read MoreThe local market is down around -0.25% & down below 5500pts at lunch.
Read MoreOnce again the Reserve Bank won’t be swayed by another set of promising economic figures. The central bank will again decide to continue sitting on interest rates for the time being at its August board meeting later today.
Read MoreA cautious rather than enthusiastic reception from the market to the news of an extra 50c a share added to the attempted bear hug takeover offer for Treasury Wine Estates (TWE) from US buyout group, KKR and its partner, another private equity group.
Read MoreArgo Investments (ARG), the country’s second biggest listed investment company, has lifted its final dividend after reporting a near 12% rise in profit for the year to June 30.
Read MoreThe Australian sharemarket lost ground for the third day despite a strong performance from US shares overnight.
Read MoreAnother down day as the S&P/ASX200 shed 22.3 points or -0.40% on volume of $3.5 billion, closing at 5518.6.
Read MoreFresh from securing a major new cornerstone investor, ambitious gold junior, Southern Cross Goldfields (SXG), appears set to advance from the ranks of aspiring project developers to become a rapidly growing gold producer within 12 months.
Read MoreManaged funds can be a useful tool for investors, particularly investors who do not have the time or the skills to undertake a lot of research themselves in choosing individual assets in which to invest.
Read MoreBiggest gains so far on the ASX200 today: COH up 6.7%, LYC up 5%, MGX up 3%, SRX up 2.6%, SIR up 1.8.
Read MoreThe TD Securities–Melbourne Institute Monthly Inflation Gauge +0.2% in July, after no change in June. Gauge is +2.6% over year.
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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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