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  1. Today
  2. Can you get a speeding ticket for going the other way? Or were they just skating on wafer thin ice?
  3. running into a few problems ..... and a need to go to the market for more cash Scheduling first commercial sales in July 2022 Unseasonable rain through May/June 2022 impacted pond operations causing delays to salt precipitation Keeping trenches desilted, managing gypsum and rapid replacement of bore pumps when failures occur are key aspects of successful brine supply Brine supply in summer 2022/23 planned to increase through additional bores added and Sunshine transfer upgrades (2nd pipeline, transfer pumps increased from 2 to 4) Cost increases over prior year estimate due to: Increased costs due to inflationary pressures and supply chain bottlenecks, including labour, energy (diesel & gas), freight & shipping, insurance Increased site workforce headcount to bolster operational resources and capability Ponds operations harvesting and haulage activities .. expect higher equipment usage requirements including for improved grade control Sustaining capital cost increases for brine supply infrastructure to sustain brine flows and grade
  4. nipper


    Kin Mining NL (KIN) is a mining company focusing on gold and base metals exploration and gold project development. It main focus is on Cardinia Gold Project. Listed in late 2013 and still a NL company. Market cap is about $80 million. Now in a trading Halt, Kin Mining was after $20.4 million, split as a $9.7 million share placement and a $10.7 million 1 for 7 non renounceable entitlement offer; both priced at 7.5¢, a 16.7 per cent discount to the last close and 13.4 per cent lower than the 20 day VWAP. Kin’s major shareholder DELPHI unternehmensberatung Aktiengesellschaft (Delphi) had signed a firm commitment for $4.7 million of the placement and would take up its share of the entitlement offer, according to the term sheet sent to potential investors. The proceeds would be used for resource definition, infill and exploration drilling at its Cardinia project near Leonora in WA.
  5. On 16 August, 2022, Whitefield Ltd changed its name to Whitefield Industrials Limited (WHF) A mid range LIC, it distinguishes itself from others in the space by focusing on industrials, hence the name change. And a bit of positioning Financials .......................... 38.04% Health Care ....................... 14.04% Real Estate ......................... 8.79% Consumer Discretionary ... 8.16% Industrials ............................7.93% Consumer Staples ............. 7.68% Communication Services .. 5.15% Information Technology .... 3.93% Materials ............................. 3.89% Utilities ................................ 1.69% Cash .................................... 0.71%
  6. and results out. https://www.sharecafe.com.au/2022/08/15/having-conquered-oz-jb-hifi-takes-on-new-zealand/ Is the move by consumer electronics and whitegoods retailer giant, JB Hi Fi to go against the grain and spend the next three years upgrading and expanding its NZ operations a sign that it believes the Australian market is going ex growth? Buried in its 2021 22 results on Monday, JB Hi Fi CEO Terry Smart sprang a major surprise with news the company would be looking to not only polish its existing stores across the Tasman, but look for significant growth from them..... .... Across Australia and NZ, JB HiFi saw : sales rise 3.5% to $A9.2 billion for the year to June (it failed to keep up with inflation of 6.4%), net profit was up 7.7% to $A545 million and online sales for the year jumped nearly 54% to $A1.63 billion. JB Hi said it had declared a final dividend of 153 cents a share fully franked, up 46 cents or 43.0%, bringing the total dividend for 2021/22 to 316 cents a share, up 29 cents or 10.1%, and 65% of net after tax profit. On top of this year company ended a $250 million Off Market Share Buy Back in April, meaning the Group returned $604 million to shareholders for the 2021/22 financial year.
  7. Yesterday
  8. The $US21.3 billion underlying profit from continuing operations , which does not include petroleum assets now sold to Woodside, and the $US3.25 per share of total dividends for the year were both better than analysts had expected. Shareholders will receive a $US1.75 a share final dividend on 22 September.
  9. RBA notes out . Bonds lower but US still inverted. ASX futures up 23 points or 0.33 per cent to 6997. AUD -1.4% to 70.22 US cents Bitcoin -0.8% to $US24,104 On Wall St: Dow +0.5% ; S&P 500 +0.4% ; Nasdaq +0.6% In New York: BHP -1.8% ;Rio -2.8% ; Atlassian +1.8% In Europe: Stoxx 50 +0.3% Spot gold -1.2% to $US1781.44 an ounce Brent crude -3.4% to $US94.78 a barrel Iron ore -4.1% to $US104.40 a tonne 10 year yield: US 2.79% ; Australia 3.36% ; Germany 0.89%
  10. Yes, I'll be having a nice DRI and franking credit coming through. Yay me.
  11. and Glenn D drills down; yes the future is somewhat murky https://www.sharecafe.com.au/2022/08/15/record-result-for-bluescope-but-future-murky/
  12. BlueScope today reported FY2022 net profit after tax (NPAT) of $2.81 billion, a 135 per cent, or $1.62 billion increase over FY2021. The Board approved an increase to the share buyback program to allow up to a further $500 million to be bought over the next 12 months, and a final unfranked dividend of 25 cents per share. Having exhausted Australian tax losses in FY2022, the Company expects to be able to begin to frank dividends in FY2023 Announcing the result, Managing Director and CEO, Mark Vassella said, Underlying EBIT for the year was $3.79 billion, a record performance in BlueScope’s 20 year history as a listed company. This was an outstanding result, with tremendous performances across our business portfolio. BlueScope delivered an underlying EBIT of $1.58 billion in 2H FY2022, the second best half year result on record, beaten only by the 1H FY2022 result of $2.20 billion. We saw continued strong demand for our steel products and solutions despite recent macroeconomic and geopolitical volatility. We worked hard to improve our service levels which have been impacted by supply chain and pandemic related disruptions. .... . Operating cash flow, after capital expenditure including on the North Star expansion, was $1.71 billion. From this, investments of $1 billion were made in the US acquiring the MetalX ferrous recycling business and the Coil Coatings business. These were well considered and well executed investments in our US growth plan. .... the balance sheet still remains strong with $367 million net cash at 30 June 2022. Our working capital remains elevated in the context of strong demand and prices and ongoing supply chain disruptions. BlueScope has delivered for shareholders in FY2022. The Company made nearly $1 billion in shareholder returns, with $344 million in dividends and $638 million in on market buybacks.
  13. Despite lower production, increased demand and pricing for our products saw a rise in earnings and cash flows. total revenues increased 13 per cent to $1.8 billion in FY2022 underlying earnings lifted 17 per cent to $1.1 billion dividend of $0.01 a share Outlook probably assisted the 14% drop today, to $1.60 expects 2023 production to range between 20 MMboe and 22.5 MMboe, from 21.8 MMboe in 2022. Unit field operating costs are expected to rise to $12 to $13 per boe, compared to $11.74 in 2022
  14. then there was the chatsheet gossip over the weekend : Companies that have made three of the best discoveries in recent years are on sale at big discounts. Garimpeiro is talking about De Grey (ASX:DEG) and its Hemi gold discovery in the Pilbara, Chalice (ASX:CHN) and its Julimar nickel copper PGE discovery on the doorstep of Perth, and Rumble (ASX:RTR) and its Earaheedy zinc lead silver discovery north of Wiluna https://stockhead.com.au/resources/barry-fitzgerald-gold-big-discoveries-going-cheap-come-and-get-your-gold/? so, how is the price action going? Very well, it would seem:
  15. a trader noted this: and sure enough, today:
  16. another record FY result for IMD, revenue up on increased margin. EPS ^+ 41% on FY21 @ 11.3cps, small currency tailwind. ROE 16% Net cash positive but down on F21 due to funding acquisitions and investment. 'Integrated solutions' (selling >3× products and service to clients) ^+11% Outlook: strong start to FY23 but mention continuing pressure from supply chain, inventory higher and client labour shortages.
  17. Last week
  18. nipper


    Nearmap has received a non binding indicative proposal from software investment firm Thoma Bravo, to acquire all the shares at $2.10 cash each. Nearmap said its board determined the proposal, which was received on July 6, was credible and sufficient to grant non exclusive due diligence access. Nearmap has granted exclusivity to Thoma Bravo for 7 days starting August 15.
  19. ARG has increased its dividend to 17c ff which is payable on 16 September. 15c of that dividend is subject to LIC Capital Gains. This dividend increase suits me just fine. For the LIC capital Gains : from a number of substantial capital gains in the portfolio being crystallised, led by the takeover of Sydney Airport, one of our larger holdings. Also, am glad to see they are clearing out the double dipping (AUI, SOL) to some extent. The larger movements in Argo’s portfolio during the period were: Purchases Aristocrat Leisure Aurizon Holdings BHP EML Payments Lendlease Group Megaport* RAM Essential Services Property Fund* Santos Superloop Sales AGL Energy** Australian United Investment Company Boral** Crown Resorts** Oil Search (takeover)** Spark Infrastructure (takeover)** Sydney Airport (takeover)** Washington H. Soul Pattinson * new position ** fully exited
  20. A year later, travelling lightly. Still under $1.00; last close 93c.... Raised $2million recently .... at A$0.85 per CDI to raise gross proceeds of A$2.12 million with the Company’s third largest shareholder Deutsche Rohstoff. The use of proceeds of this Placement will be for general working capital prior to the drawdown of the KfWIPEX Bank US$75.1 million finance facility and to accelerate ongoing growth strategies now being pursued.
  21. Mt Carbine Phased Development Plan Phase 1 focuses on minimal capital expenditure, incremental improvements to increase the mine productivity and profitability focusing solely on the mining and processing of the Low Grade Stockpile Phase 2 focuses on the commencement of open pit mining; The crushing and screening plant and processing plant will be upgraded to further reduce operating costs and improve the tungsten recovery from the open pit high grade ore Phase 3 (focus of future study) shall investigate commencement of underground mining activities at Mt Carbine to allow the continuation of mining once the open pit resource is exhausted.
  22. Australian academic praises work of the Taliban, despite being held hostage for three years By political reporter Stephanie Borys Australian academic Timothy Weeks, who was previously held hostage by the Taliban, returns to Afghanistan to celebrate the regime's one year in power.... ... Stockholm Syndrome
  23. Mel Jones is resigning from CA because of work commitments with broadcasting. That leaves exactly zero board members with international playing experience, and there's only one with any playing experience of any significance. But knowing anything about cricket would seem to be irrelevant to the CA board ........ and it shows. Cheers J
  24. 5 year KOR chart and 5 year Magnesium price
  25. Magontec is already a producer of magnesium products and it has come in with an expected net profit after tax of $13m for the first six months of 2022. The second half is not expected to be a strong, as ... [c]urrently, magnesium prices and general economic and market conditions are weakening. Trading conditions have exceeded company expectations and reflect high underlying magnesium prices, volume growth in some product lines, and higher levels of demand, exec chair Nic Andrew says. Importantly, this record result in the first half of FY2022 means that Magontec Limited has no net debt, as of 30th June 2022, and a robust financial platform. MGL has three businesses: magnesium scrap recycling, magnesium anode production and a primary mag alloy plant in China. It is the primary alloy plant, currently in care and maintenance, which could be a game changer for the company. We are waiting for the adjacent electrolytic smelter to start delivering us material, Andrews has said. We think they will later this year or early next year."
  26. that run last year fizzled out. Any chance of another?
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