Forget last night’s budget from Federal Treasurer, Joe Hockey and his assumptions. Focus instead on the latest Chinese economic data release and wonder if our biggest market can carry this economy for the next year.
Read MoreIt’s no wonder the shares of the Commonwealth Bank (CBA) touched a record $80 in trading on the ASX on Tuesday.
Read MoreA late rally in the aftermath of the budget and it was a very solid performance spurred on by gains in BHP Billiton Limited (A$38.30, +0.9%), Telstra Corporation Limited (A$5.28, +0.6%) and the mighty Commonwealth Bank of Australia (A$80.89, +1.2%) which looks on track to make a profit of $9bn this year and pushed to an all-time high.
Read MoreThe benchmark S&P/ASX200 index dropped 1.7 points, or 0.03 per cent, to 5,496.5. The broader All Ordinaries index shed 0.5 points, or 0.01 per cent, to 5,475.9.
Read MoreToday’s weakness had less to do with the Federal Budget and more to do with two major banks trading ex-dividend (NAB and WBC). The Australian dollar rose above US94c for the first time in a month.
Read MoreCommSec’s Juliette Saly provides a mid-session update. Local stocks are moving higher with banking and mining stocks leading the way.
Read MoreA record day on Wall Street with the Dow and the Standard & Poor’s 500 hit new record highs.
Read MoreThe local stockmarket eased and the Aussie dollar traded in a tight range ahead of tonight’s well-leaked Federal budget.
Read MoreIncitec Pivot Ltd (IPL) nudged up its interim dividend for the six months to March 31 – although it wasn’t much of a nudge, more barely a slight tap.
Read MoreCoca Cola Amatil (CCL) has gotten one bit of nasty news out of the way – the long anticipated revamp of its Australian beverages unit – the sales and profit heart of the company, containing the key portfolio of fizzy drinks, which are the company’s reason for being.
Read MoreAt the close on Tuesday, the benchmark S&P/ASX200 index was 49.8 points, or 0.91 per cent, higher at 5,498.2, while the broader All Ordinaries index was up 46.4 points, or 0.85 per cent, at 5,475.4.
Read MoreStocks show no pre budget nerves ending at session highs for the ASX 200 led by the miners.
Read MoreBudget countdown
Read MoreAfter the weakness of the previous week, last week saw a slightly better performance from the Australian market relative to what happened in some other markets offshore.
Read MoreWorld iron ore prices continue to dip towards $US100 a tonne, putting more pressure on the Australian sharemarket, the share prices of the big miners and the Australian economy.
Read MoreTomorrow’s Federal budget dominates the coming week.
Read MoreAt the close on Monday, the benchmark S&P/ASX200 index was 24.2 points, or 0.44 per cent, lower at 5,436.6, while the broader All Ordinaries index was down 24.0 points, or 0.44 per cent, at 5,418.0.
Read MoreLocal stocks off to negative start, with investors quiet ahead of tomorrow’s Federal Budget. Miners hit hard, credit card balances soft and business confidence improved.
Read MoreAll those local and international ‘experts’ who claimed the recent slide in the world iron ore price would cause a crunch in China’s steel industry and damage Australia exporters, will have to take another look at their doom and gloom forecasts, again, after China yesterday reported a surprise surge in key imports in April.
Read MoreNote: This article was originally published on Oliver’s Insights on 7 May 2014 and has been republished with permission from the original author.
Read MoreSteelmaker and iron ore exporter, Arrium (ARI) (the old OneSteel), got publicity yesterday for revealing another round of job cuts in its presentation to the big Macquarie Group Australia investment conference.
Read MoreGood news from China, especially in iron ore imports and trade generally, plus a better than expected jobs report for April combined to send the Aussie dollar and stockmarket higher yesterday.
Read MoreIt was another day of grief for the remaining shareholders in the world’s largest drilling company, Boart Longyear (BLY), which revealed yet more bad news.
Read MoreChina’s foreign trade position seems to have steadied amid the crackdown on false invoicing lurks which distorted the data for much of 2013.
Read MoreThe local bourse has closed lower after recovering from sharp falls earlier in the day.
Read MoreWeaker close as banks held back market. JB Hi-Fi surged thanks to a $27m buyback to improve its capital position. The Reserve Bank lifted its view on economic growth; however rate moves are unlikely in the next few months.
Read MoreThere was some good news and a lot of bad news from the latest quarterly report from News Corp – the company’s newspapers in Australia remain a black hole with the slide in revenues and earnings continuing, as it has done for the past three years. But book publishing perked up, online property company, REA Group again performed strongly, Foxtel had a solid quarter, but Fox Sports didn’t.
Read MoreTough day for the markets. Banks hit by ANZ (ANZ) going EX Div today.
Read MoreThe National Australia Bank (NAB) has completed a record interim earnings season for our big four banks.
Read MoreASX Ltd (ASX), the operator of the Australian Securities Exchange, yesterday revealed a 10% rise in net profit in the nine months ended March 31 to $US286.9 million.
Read MoreIs this a signal from retailing that the bad publicity about the budget and taxes, plus the corruption scandals in NSW, are starting to erode confidence?
Read MoreDespite an upbeat profit update and presentation to the Macquarie Australia conference in Sydney yesterday, shares in online jobs group, SEEK (SEK), ended just 1% lower at $17.13, after falling by 2% in early trading.
Read MoreAt the close on Thursday, the benchmark S&P/ASX200 index was up 41 points, or 0.75 per cent, at 5,476.8.
Read MoreLocal stocks made up for yesterday’s falls with a 0.7% rise. Jobs growth was better than expected in April while China recorded a firmer than forecast trade report. Mining stocks surged.
Read MoreCommSec’s Juliette Saly delivers a Mid-Session market update. The NAB has come through with its 1H profit and jobs in focus.
Read MoreAs expected there was no rate change from the Reserve Bank yesterday and none are envisaged for the foreseeable future.
Read MoreThe $2.15 billion takeover of David Jones (DJS) by the South African retailer, Woolworths, is all but wrapped up following approval from the Foreign Investment Review Board.
Read MoreMore clarity on the probable new rules for our big banks, which were reported yesterday.
Read MoreThe Lowy family and Westfield (WDC) have blinked and changed the terms of their controversial split plan, first revealed last December, in an attempt to save the deal from possible defeat at a meeting of securityholders on May 29.
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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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