So why did Northern Star Resources (NST) shares rise yesterday? Was it the near 2% rise in the gold price in Asian trading, or the report of a solid profit for 2012-13, or that the company is going to delay its Ashburton gold project indefinitely?
Read MoreChina’s consumer price data for June rose thanks to higher food prices mostly, but the real story was in another fall in Producer Price Index which measures price pressures in industry and business.
Read MoreMore mixed news from the bottom end of the listed miners, despite that rise in world gold prices yesterday.
Read MoreOne of the largest sectors of the Australian stockmarket – at least in terms of number of companies – is life sciences. At last count, there were about 93 such companies.
Read MoreA rare bit of good news for Rio Tinto (RIO) if reports from Mongolia are accurate – that country’s government is reported to have given the green light for Rio to start shipping copper from its huge $US6.2 billion ($A7.3 billion) Oyu Tolgo copper mine.
Read MoreContrasting signals from the resources sector in the last couple of days – on Friday we had news of a small base and precious metal mine in South Australia closing, yesterday we learned that work on a small iron ore mine would start as soon as possible in Western Australia’s Pilbara region.
Read MorePerth property developer Finbar Group (FRI) says it expects to report a 10% rise in earnings for the 2012-13 financial year and has lifted final dividend as a result.
Read MoreMore whacks from offshore for the confidence of local markets and investors today, while the Aussie dollar is poised to slip under 90 USc and plumb new three year lows after the solid June jobs report in the US on Friday night, our time, all but confirmed in the market’s mind that the US Fed will start slowing its third round of quantitative easing in the next couple of months.
Read MoreThe belief is rising that the US economy’s slow improvement will see the Fed start cutting back on its spending in the next quarter.
Read MoreThis week will sound like a bit of a re-run of last week with data releases here, in the US and China, to play a major part in driving sentiment which is not expected to be very positive for Australian markets or investors.
Read MoreWhitehaven Coal (WHC) will start work next week on its $767 million Maules Creek mine in north west NSW after getting the final approval from the State government.
Read MoreSigns of improvement at Adelaide-based Hills Holdings (HIL) after some big write-downs earlier in the year with the company revealing in an update yesterday that it expects to report a slightly higher profit, before one off items, for the year to June 30.
Read MoreThe long awaited rebound in housing construction continues to gather pace, according to the May building approvals data from the Australian Bureau of Statistics.
Read MoreA case of the old maximum at the bottom of the Australian stockmarket – when the going gets tough, the desperate go, well, mining – not for gold or copper or whatever, but in the market itself.
Read MoreShares in Woodside Petroleum (WPL) slumped yesterday, despite another sharp rise in world oil prices.
Read MoreThe one point to be made immediately about Flight Centre (FLT) is it has been a most consistent outperformer on the ASX in the past year to 18 months. It has done that in a positive fashion by riding the surge in offshore travel by Australians seeking to take advantage of the higher dollar in the past couple of years. And 2012-13 is going to be no different.
Read MoreAustralia received a mixed early report card on the economy for May yesterday with weak retail sales, but a higher than expected rise in the trade surplus. As well, new home sales hit an 18 month high in May, suggesting that the long forecast surge in this sector was at last taking root.
Read MoreReserve Bank governor Glenn Stevens got his wish yesterday when he moved the dollar – lower – by diverting from the prepared text in his first speech for two months.
Read MoreTiming is everything.
Read MoreQBE says it is on track to meet its full-year guidance as it benefits from relatively few natural disasters, the recent fall in the Aussie dollar and lower reinsurance costs in some markets, such as the US.
Read MoreNo change in rates from the Reserve Bank yesterday and later today we get the first major update on how the economy performed in May with retail sales and trade data all due for release.
Read MoreChina’s huge manufacturing industry has slowed to a halt. The two monthly surveys of manufacturing activity suggested that yesterday as other surveys for Japan and Australia showed business, especially manufacturing, starting to turn up.
Read MoreA trio of big property deals worth more than $550 million were announced yesterday at the start of the new financial year.
Read MoreYet another downgrade from drilling contractor Boart Longyear (BLY) and of course that sent the shares lower. It was the second warning in six weeks after the company cut its 2013 earnings forecasts at the AGM in Adelaide in late May.
Read MoreA spot of window dressing in the battered gold markets in New York on Friday night our time with the metal ending up 2.2% as investors who were shorting the metal decided to cover their positions.
Read MoreInterest rates and the economy return to centre stage this week, replacing the political stuff from the past couple of weeks.
Read MoreLot’s of statistics over the weekend from home and offshore about the way markets went for the financial year as well as the June quarter, the month of June and the last week of the month.
Read MoreInterest is definitely growing in buying geared property through SMSFs. I thought I would share with you some of the common problems being experienced with this strategy and tips to avoid mistakes.
Read MoreMore gloomy news for gold bugs with another bout of selling overnight which drove gold prices down by more than 2%, forcing it under $US1,200 an ounce in US futures trading for the first time in 34 months.
Read MoreElders (ELD) is continuing its rebirth as a rural services business by appointing as chairman a man with long experience in the sector.
Read MoreToll Holdings (TOL) has joined the downgrade club (unlike Asciano, its former ports business).
Read MoreHere’s a surprise profit upgrade – from retailing, and from the furniture side of the sector at that. Nick Scali (NCK), the Sydney based furniture retailer says that despite a slowdown in the current quarter, it will be reporting higher sales and earnings (after a strong first half) in August.
Read MoreThe slowing resources investment boom has seen another project delayed – with the $1.25 billion Eagle Downs underground export coking coal mine’s start up date put back by at least six months as the developers Aquila Resources (AQA) and Brazilian mining giant Vale slow the pace of work.
Read MorePort operator Asciano (AIO) has survived what amounts to an ever so small downgrading of expectations for its businesses for 2014.
Read MoreMore body blows overnight for gold bugs and shareholders in gold miners here and around the world – there was another sharp fall in the world price. Now forecasts are being slashed for the rest of this year and 2014 with the metal is about to experience its worst quarter since 1971 according to data from Bloomberg and other sources, and there could be more to come in the next quarter according to forecasts from a number of leading investment banks.
Read MoreIt’s no wonder that Newcrest Mining (NCM) is worried that corporate regulators, led by ASIC, are going to find something amiss with its continuous disclosure regime after the kerfuffle over whether the company did signal to analysts and some others that there was going to be a downgrade and asset impairments – news that wasn’t freely available to the market ahead of its release nearly three weeks ago.
Read MoreThis is hardly a surprise – but Goodman Fielder (GFF) says it will earn less this year. And in its own now familiar way, the company chose to highlight a private bread making contract (the good news?) ahead of the downgrade news which was the real fibre in yesterday’s statement to the ASX.
Read MoreYes, there’s money in some areas of the fast food sector, but not all, if the annual results from Collins Foods Ltd are any guide.
Read MoreOnline booking business Wotif (WTF) joined the growing downgrade club an hour before the market closed yesterday and escaped fairly lightly, despite revealing a slide of around 12% in estimated 2012-13 profit.
Read MoreAMP has joined the downgrade club, revealing that interim earnings for the six months to June 30 could fall by 13% or more, thanks to falling interest rates and the slide in stock markets since April.
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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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