The Aussie market is down 1.2%, with all sectors in the red as the self-imposed deadline for a US coronavirus support package passes while news of Iran & Russia interfering in the US election pushed stocks even lower.
Read MoreInvestors continued to assess progress on a stimulus deal with ongoing talks between US House of Representatives Speaker Nancy Pelosi and Treasury Secretary Steven Mnuchin.
Read MoreThe Democrats and White House now apparently have until the end of the week to agree on a deal. Dow up 113.
Read MoreNo trading update from The Reject Shop at its annual meeting yesterday, but a heads up for shareholders that the company plans to renegotiate a slew of store leases.
Read MoreThe Aussie market rose by just 0.1% on Wednesday as closely watched stimulus talks continue in the US. The ASX 200 closed below 6,200pts.
Read MoreNetflix shares fell sharply in after-hours trading after it fell short of its own and market forecasts for subscriber growth in the three months to September 30 and warned of weaker results for the first six months of 2021.
Read MoreThe Australian sharemarket is up slightly at lunch, with the ASX 200 continuing to struggle to stay above 6,200pts for more than a day at a time.
Read MoreThe Democrats and White House now apparently have until the end of the week to agree on a deal. Dow up 113.
Read MoreUS House Speaker Nancy Pelosi said Democrats and the White House are closing in on an aid package, though the Republican-controlled Senate remains in favour of a smaller deal.
Read MoreThe Aussie market fell by 0.72% on Tuesday, wiping out most of Monday’s gains due to losses across 70% of stocks. Afterpay (APT) hit a record high after announcing a partnership with Westpac (WBC).
Read MoreThe Australian sharemarket is down by 0.3% at lunch, with technology stocks the lone improvers. Afterpay (APT) hit a fresh record high after announcing a partnership with Westpac (WBC).
Read MoreMatt Williams, Portfolio Manager of the Airlie Australian Share Fund, discusses the outlook for the Australian share market and examines which companies are set to benefit most from the federal government’s budget stimulus.
Read MoreAfter spending last week optimistic there will be stimulus, and there will be a vaccine, Wall Street is now beginning to look a little worried. Dow down -410.
Read MoreOpposition to a sizable pandemic aid package hardened in the Republican-controlled US Senate. Shares of Apple (-2.6%), Amazon (-2%), Alphabet (-2.4%), Facebook (-1.7%) and Microsoft (-2.5%) all dragged on indexes. Oilfield services provider Halliburton (-0.7%) posted a fourth consecutive quarterly loss.
Read MoreThe ASX is looking at a nasty slide at the opening later this morning after Wall Street saw a last hour slide that took a negative session into deeper losses.
Read MoreLike its monthly import data for iron ore, China’s crude steel production figures hold the greatest interest for Australian investors and September was no different with a solid performance.
Read MoreThe Australian sharemarket rose by 0.85% on Monday, hitting a 7-month high and making it the ninth gain in 11 days thanks to broad gains across almost all sectors.
Read MoreThe Chinese economy grew at an annual 4.9% in the three months to September quarter, slower than forecast but enough to bring the economy nearly back up to the roughly 6% growth rate at the end of 2019.
Read MoreThe Aussie market’s gains continue, with the ASX 200 up 1% thanks to gains from mining, financial, healthcare and tech stocks.
Read MoreShares in Pfizer rose 3.3% after it said it could seek authorisation for a vaccine it is working on in November. There was continued wrangling over a new pandemic relief package.
Read MoreAnother busy week with more COVID-19 cases, especially in Europe and the US, Victoria reborn, again, NZ settles for another three years, more US earnings and the third Presidential debate (at this stage) but before all that, a timely update on China’s recovery.
Read MoreThe ASX 200 shed 33.5 points, or 0.5% to close at 6176.8 on Friday. The market still managed to add 1.2% across the week, with hopes of a November interest rate cut helping it hit seven-month highs on Thursday and continue a stellar October. US shares rose just 0.2% for the week and Chinese shares rose 2.4% but Eurozone shares fell 0.7% (Friday’s rise clipping the loss) and Japanese shares fell 0.9%.
Read MoreGold prices fell on Friday and the week, oil, copper, silver, and iron ore were all mixed as the US dollar firmed. In fact, the greenback ended with a gain of around 0.7% against a basket of half a dozen major currencies.
Read MoreNetflix’s third-quarter report on Wednesday morning, Sydney time, will be the key release September quarter report in the US this week. After last week’s strong earnings from the top five US banks, there’s more confidence among investors for the reporting season.
Read MoreThe UK’s credit rating has been downgraded by Moody’s as analysts at the agency warned of a scarring to the country’s economy from the coronavirus, on top of the damage from Brexit.
Read MoreThe Australian sharemarket eased by 0.5% on Friday after lifting by more than 1% this week and over 6% so far this month. Almost all sectors declined.
Read MoreWe continue to unearth small-cap companies as part of our Hidden Gems webinar series. Catch up on this edition with presentations from Golden Mile Resources, Lake Resources, Tempest Minerals and Cleanteq.
Read MoreThe Australian sharemarket is running on the spot at lunch after what has been a strong week and encouraging start to October for local equities.
Read MoreA brief look at important company events and economic data releases next week
Read MoreThere will be stimulus one day and the case-count doesn’t matter, it seems. Dow recovers from down -330 to close down -19.
Read MoreThe number of Americans filing new claims for jobless benefits hit two-month highs last week. US House Speaker Nancy Pelosi told Democrats that a COVID-19 relief package won’t wait until January.
Read MoreAnother major shift in monetary policy from the RBA which will change the timing of interest rate movements in years to come as the bank turns its back on old, established ways of reacting to events in the economy that are perceived to be inflationary, such as a big wage rise or a surge in oil prices.
Read MoreThe Aussie sharemarket jumped by 0.5%, recouping Wednesday’s falls with the ASX 200 closing above 6,200pts for the first time since 6 March.
Read MoreRussell Investments 2020 Value of an Adviser Report highlights the role advisers play in providing support, discipline and connection to clients during COVID-19
Read MoreEven in good times successful investing can be stressful. For this reason, it’s useful for investors to keep a key set of things – call them rules – in mind.
Read MoreThe Australian sharemarket is up on Thursday, doing enough to recoup Wednesday’s losses and pushes the market higher for an eighth time in nine days.
Read MoreUltra-loose monetary policy could even be counterproductive for economies.
Read MoreForget stimulus ahead of the election. More concerning is the rising US case-count. Dow down -165.
Read MoreUS sharemarkets fell on Wednesday after US Treasury Secretary Steven Mnuchin down played the chances of striking a stimulus deal before the election.
Read MoreThe Australian sharemarket fell by 0.27% on Wednesday, snapping a seven-day winning streak while remaining near a seven-month high.
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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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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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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 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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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 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 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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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 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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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 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 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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