Registered Members Login:
   
Forgotten Your Details? Click Here To Recover +
Welcome To The ShareCafe Community - Talk Shares And Take Stock With Smart Investors - New Here? Click To Register >

34 Pages (Click to Jump) V   1 2 3 4 > » 

nipper
Posted on: Today, 07:33 AM


Group: Member
Posts: 6,634

Analysis by ch-aviation showed that as of last week, 1215 aircraft operated by airlines from China, Hong Kong and Macau were grounded, or 29 per cent of the total fleet. This included a third of China Eastern’s fleet, or 196 aircraft; the 173 aeroplanes operated by China Southern; the 119 aircraft belonging to Air China and the 100 jets at Hainan Airlines, which represents 44 per cent of its fleet.

More than 100 aeroplanes were parked at Beijing Capital Airport, 79 at Guangzhou Baiyun International and 60 at Hangzhou International.

With airports generally charging significant fees for aircraft parking, it is expected airlines will seek other arrangements if flights are unable to resume in the short term. Already, the two largest carriers, China Southern and China Eastern, have extended flight cancellations on Australian routes until mid-June and smaller operators are not expected to resume services for even longer....

- soon to be 75 planes parked at Alice Springs airport in the desert air!!
  Forum: Off Topic Chat

nipper
Posted on: Yesterday, 10:57 PM


Group: Member
Posts: 6,634

Battery Configs:
Tesla’s China surprise big blow for cobalt, nickel price bulls
https://www.mining.com/teslas-china-surpris...el-price-bulls/

QUOTE
...the world’s largest electric carmaker is shifting some production of its most popular model away from batteries that contain nickel and cobalt.

In a surprise move, China’s top battery manufacturer CATL will supply Tesla with lithium iron phosphate (LFP) batteries for its Model 3 production at its newly built $2 billion factory outside Shanghai.

The Model 3 is Tesla’s most popular, and the US-made version uses the company’s nickel-cobalt-aluminum (NCA) cathode chemistry. Most other automakers favour nickel-cobalt-manganese (NCM) cathode chemistries.

LFP batteries are cheaper than batteries using NCA and NCM chemistries but lack the energy density, reducing driving range. LFP batteries power almost the entire electric bus fleet in China and are popular for smaller city runabout vehicles where range is not an issue,...
  Forum: Investment Discussion

nipper
Posted on: Yesterday, 10:53 PM


Group: Member
Posts: 6,634

QUOTE
sitting at .6629
..for BHP and CSL dividends 👍
  Forum: Macro Factors

nipper
Posted on: Feb 19 2020, 02:46 PM


Group: Member
Posts: 6,634

haha, J

personally, I think too many folk are drinking from the Kool-Aid. And quite a lot of people that think they are part of the solution are probably more part of the problem.

But, that said, may as well hitch my wagon in the direction the pioneers are going.
  Forum: Off Topic Chat

nipper
Posted on: Feb 19 2020, 01:53 PM


Group: Member
Posts: 6,634

Last chance for the climate transition
We must massively accelerate technological progress away from burning fossil fuels. We must move beyond them almost completely.

Martin Wolf. Columnist.
QUOTE
At the World Economic Forum in Davos this year, two people stood out: Greta Thunberg, the 17-year-old Swedish climate activist, and Donald Trump, the US president.

In their messages on climate change, these two could not have been more opposed: panic, confronted with indifference. But one thing they share is that they are not hypocrites: Ms Thunberg does not pretend we are doing anything relevant; Mr Trump does not pretend he cares.

Most participants in the climate debate, however, pretend to care, pretend to act, or both. If anything is to be done, this must change.

Ours remains what it has been since the early 19th century: a fossil-fuel civilisation. There have been two energy revolutions in human history: the agricultural revolution, which exploited far more incident sunlight; and the industrial revolution, which exploited fossilised sunlight.

Now we must return to incident sunlight — solar energy and wind — along with nuclear power, while maintaining our high standards of living.

The point of this latest energy revolution, however, is not to raise our standard of living directly, but to preserve the only home we know in the state to which life is now adapted. It is to avoid an irreversible experiment with the climate of our planet. So far, however, despite decades of talk, trends in emissions remain in the wrong direction.

What is to be done? Discussions last week at the Oslo Energy Forum clarified things for me. My principal conclusion was that a transformation from our current energy system to a different one is the only option. Some suggest we should halt growth as well. But this would not only be impossible, it would also not be nearly enough.

Over the past three decades CO2 emissions per unit of global output have been falling at a little below 2 per cent a year. If this were to continue and world output were to stagnate, global emissions would fall by 40 per cent by 2050 — far too little.

Relying on actual reductions in output, in order to cut emissions by, say, 95 per cent, by 2050, would require a fall in world output of roughly 90 per cent, bringing global output per head back to 1870 levels.

The conclusions are simple. We will not stop relying on fossil fuels by choosing universal impoverishment. But we also cannot stop using them soon enough, at our present glacial rate of reduction in emissions per unit of output. So we must massively accelerate technological progress away from burning fossil fuels. We must move beyond them almost completely.

If we do achieve that, the size of our economy ceases to be the issue: however big it becomes, it ceases to emit greenhouse gases. But note: to achieve this by 2050, the rate of reduction of emissions per unit of output needs to jump massively.

Is this achievable? From a technological point of view, it appears so. So, at least, argues the Energy Transitions Commission in a number of important reports. The essential ideas are simple. The core of the new energy system is electricity generated by renewable means (solar and wind) and nuclear power. This needs to be backed up by a variety of storage systems (batteries, hydroelectricity, hydrogen and natural gas, with carbon capture and storage).

Reductions in costs have already been large enough and technological progress rapid enough to make this transition feasible, at manageable cost.

This would, however, be a revolution. A zero-carbon economy would require about four to five times as much electricity as our present one, all from non-carbon-emitting sources. In running such an economy, hydrogen (much of it produced by electrolysis) would play an essential role. Hydrogen consumption might jump 11-fold by 2050.

In many sectors, the costs of decarbonisation are (or soon will be) competitive. Yet in some, they will not be. There will need to be incentives and regulations to force the shift. In order to avoid merely moving production, in its most emissions-intensive forms, elsewhere, it will be essential to impose offsetting taxes on imports from jurisdictions that refuse to support the needed changes.

Suppose that a transition towards a global zero-emissions economy by 2050 is indeed technically feasible. That does not mean it is likely to happen as a result of purely economic forces.

This is so for two main reasons. The first is that the cost advantages of the decarbonised alternatives are, in many areas, at best modest. These are not (at least not yet) close to being dominant technologies in all relevant areas. The second is that there is always huge inertia in making shifts to new technologies, especially in areas where familiar methods and systems are to be replaced by entirely new ones.

We know very well how to run a fossil-fuel economy reliably and at vast scale. A reliable, entirely renewable energy-economy is an unfamiliar beast.

A global systems transition of this scale will not happen by itself. It will require large-scale policy interventions, via a mixture of regulation, incentives and government-supported research and development.

It will require global co-operation and clear recognition of the very different positions — in terms of past behaviour, present responsibility and future needs — of the countries of the world. It will take changes in finance and accounting. It will, in short, take a historic global effort of a kind we have never seen before to avoid a danger that still seems remote to the vast bulk of human beings.

This does need to be done. But will it be? Ms Thunberg fears our inaction. Mr Trump is one of the reasons why she is right to do so. We have so much to do and so little time. If we are to succeed in halting climate change, we have to change course now.

martin.wolf@ft.com

Financial Times


(... What is to be done? ) unconsciously ironic?
What Is to Be Done? Burning Questions of Our Movement .. is a political pamphlet written by the Russian revolutionary Vladimir Lenin in 1901 and published in 1902. Lenin said that the article represented "a skeleton plan to be developed in greater detail in a pamphlet now in preparation for print"
  Forum: Off Topic Chat

nipper
Posted on: Feb 19 2020, 11:53 AM


Group: Member
Posts: 6,634

WiseTech Global said it expects full-year revenue of between $420 and $450 million, an increase of 21 to 29 per cent on 2019.

It expects full year earnings (EBITDA) of between $114 million to $132m, an increase of between 5 and 22 per cent on last year.

Previously, the firm guided to revenue of $440 million to $460 million and EBITDA in a range of $145 million to $153 million for the year.
QUOTE
“In considering adjustment to our guidance for FY20 we have prudently taken into account the potential impact of COVID-19 on manufacturing and export trade, along with the continued growth of the group during 1H20, the power of the CargoWise platform, drivers of organic growth, annual customer attrition rate of less than 1 per cent and continued relentless investment in innovation and expansion across our global business," said founder and chief executive Richard White in a statement.

The company reported first-half revenue of $205.9 million, up 31.4 per cent on the same period last year, with operating profit rising 17 per cent to $42 million.
QUOTE
"Organic revenues from our existing and new CargoWise customers delivered $24.3m of growth on 1H19," the company said. "Growth in organic revenue from existing and new CargoWise customers was 24 per cent compared with 1H19."


And down 20%, now around $23.20
  Forum: By Share Code

nipper
Posted on: Feb 19 2020, 09:43 AM


Group: Member
Posts: 6,634

Change, or climate will do it for you
By LESLIE NORTON

·[/color]
QUOTE
Barron’s: You’ve spent the past 10 years trying to raise consciousness about climate change. Now that it’s all anybody at the World Economic Forum can talk about … you must feel gratified.

Jeremy Grantham of GMO: The last two years have been very encouraging. The previous eight were a nightmare. I used to talk about climate change, and my clients would roll their eyes and ask why I was wasting their time.
But now everyone is at least talking about it. The problem is, it’s all talk. Last year more carbon-dioxide molecules went into the air than any single year in history. We must try harder.

You are also worried about chemical toxicity and just published a paper about this. Why? People are totally unaware of toxicity. It’s growing much faster than climate change. The sperm count is easy to measure and rather personal for a man. In 1945, the sperm concentration was roughly 120 units. Today it’s 40. The quote I used at the beginning of my piece is Paul McCartney’s Suddenly, I’m not half the man I used to be. Actually, it’s about a third of the man. It’s dropping at about 1.9 per cent a year. This is an incredible crisis and bears heavily on the attractiveness of chemical companies. Ten years ago I said watch your tails in oil. Everyone rolled their eyes. Well, in that time period, that one industry is up just over 5 per cent, and the S&P 500 has tripled. This is a huge loss of value.


How do you model for climate change when forecasting future returns? Which asset classes will perform worst? We have a climate change guy (at GMO) whose ambition in life is purely to make money by understanding these permanent changes quicker than anyone else. ESG (environmental, social and governance investing) is great, by the way. Nothing wrong with S and G, as I like to say. But E is about survival. S and G are about good behaviour. One should really focus on E, rather than ESG in my opinion. Obviously, chemicals, oils, fossil fuels in general are looking pointless on a long horizon.
Decarbonising the system is a massive move that permeates every industry in the end. And we will do it, by the way.Technology will make it relatively easy. We will have plenty of cheap green energy in 50 years. We will have nothing but wonderful electric cars that don’t break down, unbelievably efficient. The problem is, when? If we proceed at the current pace, we will be OK in terms of technology, but enormous, irretrievable damage will happen to biodiversity.


GMO manages billions of dollars. Have you considered taking a page from (BlackRock CEO) Larry Fink’s book and starting to divest from hydrocarbons? Let me just say about Larry Fink ... that’s a big dog, and it has a very loud bark. And now let’s see if it can sharpen its teeth. Because its green voting on the big index funds is pretty much dead last. They could do better.


Will we see mean reversion in oil stocks? There is of course a chance of a very spectacular advance. Having said that, if you look out 10 years, this is a dreadful industry. The oil industry is constantly putting out estimates that understate the greening of the economy, and taking a very, very bullish view of what will happen to oil. Every year we produce about 1 per cent more than the oil that we have in the ground through increased technology. We don’t need to discover another barrel, and we can’t afford to burn what we have. An enormous amount of stranded assets will be revealed. So be very careful. That’s not to say they won’t go up 50 per cent or even 100 per cent. But it will be only temporary. You have to be quick on your feet. You have to be a trader. It’s not what we do.


What are some promising ­climate-change solutions you’ve invested in? There’s no quicker way to lose money than betting blindly on a rapidly growing industry. But we do a lot of so-called mission-driven investing, and far from thinking that we are compromising with return, in this case, green investing is the best return from a subset of the entire world of the investment business.


Any other advice for investors? People listen but don’t really take it in. If that continues, climate change is going to trample through your portfolio and kick its ass. And you have to care about it, because it’s not just an issue for your miserable portfolio. It’s an issue for your grandchildren. Capitalism has a way of taking perfectly reasonable human beings who play at the weekend with their grandchildren, who are occasionally altruistic, and turning them during the work week into Milton Friedman zombies working to maximise short-term profit. If you said, “my only objective as a human being is to maximise my own advantages”, that’s a workable definition of sociopath. And yet that is what the corporations do. And we treat them as damned human beings. It’s remarkable. So wake up.
Barron’s[color=#212121]
  Forum: Off Topic Chat

nipper
Posted on: Feb 19 2020, 09:09 AM


Group: Member
Posts: 6,634

On February 18th, 2020, Royalco Resources Limited (RCO) was removed from the ASX's Official List in accordance with Listing Rule 17.4, following despatch of the compulsory acquisition notices by Fitzroy River Corporation Limited.
  Forum: By Share Code

nipper
Posted on: Feb 18 2020, 05:02 PM


Group: Member
Posts: 6,634

QUOTE
Wesfarmers is taking advantage of record highs in the Coles share price and generally buoyant conditions in equity markets to sell off $1.1bn of its stake in Coles, representing one third of its total holding, marking the next step in its demerger and eventual sell down of its holding in the supermarket group.

After the market closed on Tuesday, and following the release of Coles’ first half results, Wesfarmers announced it had entered into an underwriting agreement with two lead managers to sell 4.9 per cent of the issued capital of Coles. It is using the services of UBS and Macquarie Bank for the sale.

Wesfarmers, whose directors are currently in a board meeting before the release of its half-year results on Wednesday, is looking for prices between $16.08 and $16.45 as it aims to sell 65.4m shares in Coles to investors.

Following the sale process, Wesfarmers will retain a minority interest of 10.1 per cent in Coles and its right to nominate a director on the Coles board, maintaining the ongoing relationship between the two companies since the demerger of Coles from Wesfarmers in November 2018.

The sell down comes as Wesfarmers managing director Rob Scott is continuing to reshape Wesfarmers, which has seen him in the past few years generate billions of dollars in revenue from the sale of its Bengalla coal mine, the sale of Kmary Tyre and Auto as well as the sale of Quadrant Energy.

Wesfarmers demerged Coles supermarkets in 2018 and the selldown has been widely expected in recent days.

Under the relationship deed agreed with Coles at the time of the demerger, Wesfarmers has the right to nominate a director to the Coles board while it retains an interest in Coles of at least 10 per cent.

It comes as Coles shares trade near all-time highs and have risen almost 50 per cent in the last year.

Mr Scott said the partial sale of the Coles shareholding would crystallise a strong return for shareholders while enabling continued strategic alignment and collaboration between the two companies in relation to mutually beneficial growth initiatives.

“We believe this level of divestment is in the best interests of our shareholders and consistent with our objectives at the time of the demerger, which included demonstrating continued confidence in Coles’ future as a stand-alone listed company,” Mr Scott said. “We have been pleased with the performance of Coles as an independently listed entity and believe it is an appropriate time to realise value for our shareholders while retaining a meaningful interest and ongoing connection with Coles, including representation on its board and through our flybuys joint venture.”

Bids are to close at 7pm on Tuesday.
  Forum: By Share Code

nipper
Posted on: Feb 17 2020, 02:16 PM


Group: Member
Posts: 6,634

QUOTE
The negotiations with Wilson Asset Management, KordaMentha, Oaktree and other stakeholders, continue as we work with our legal advisers to settle the final terms of the manager transition. The other stakeholders referred to include the management teams created out of the former Blue Sky Group that are now partly owned by Oaktree; namely Argyle Group, January Capital and Fortitude Investment Partners.

We hope to be in a position to advise of meaningful new developments shortly.
lawyers field day
  Forum: By Share Code

nipper
Posted on: Feb 17 2020, 12:40 PM


Group: Member
Posts: 6,634

QUOTE
(Last) Wednesday, Justice David Hammerschlag in the NSW Supreme Court gave (Texas short selling outfit) Bonitas a beating around the ears that was something to behold. Hammerschlag said the Bonitas report on Rural Funds was “materially misleading” and then he hit them between the eyes with this: “They (Bonitas) never took the trouble to check with or inquire as to any material which they broadcast … I have no difficulty in concluding that they did not care whether what they were saying was false.”

Meanwhile, Rural Funds’ share price, at $2.05, has recovered to a point close to where it was the day Bonitas launched its attack. Hammerschlag will announce his decision on damages in the case on March 6. That decision won’t just be news in our market, it will be read by ever short-selling outfit around the world.

If the Rural Funds exercise ends up costing Bonitas big money in damages, it will change the numbers for anyone considering a short attack on Australian companies. Or, to be precise it will change how shorters behave in our market..
https://www.theaustralian.com.au/business/w...d5957c52fed5bdc
  Forum: By Share Code

nipper
Posted on: Feb 17 2020, 11:24 AM


Group: Member
Posts: 6,634

QUOTE
as the Chinese boycott goes on
.... and this is where it gets blurred. It's all very well
- for ambassadors to express displeasure at extended restrictions for OS visitors from certain places/ regions (in keeping with WHO procedures) (and I guess that's the Ambassador's job, in public at least), and
- for random call-outs https://www.abc.net.au/news/2020-02-01/coro...alians/11918962 which are not helpful, or
- for trying to shame those trying to help because a cockroach was found in a quarantine facility.

But really, folks. The Chinese authorities, having been on the back foot, have responded as best they know how, I guess. And the Chinese people are participants in the social engineering exercise (a mix of 'tremble and obey' and do something for yourself because you'll be lucky to receive appropriate and timely intervention if things go wrong).

My wife (now passed) was from HK and so I can claim some knowledge if not insight. Communities everywhere can be deeply suspicious and have folk remedies; the Chinese with their herbs and natural remedies are no different. The courtesy of wearing a mask is ingrained and, whether effective or not, was a way of signalling poor health in the way of a cold or flu; a good bit of social conditioning. When we visited HK, and I got run down, the hospital's response as a horse needle full of some concoction in the bum (it worked).

The economic fall-out from the COVID-19 virus is showing up in many ways. Globalisation may well take a hit. Supply chain integration and just-in-time production dependencies may well be rejigged. Travel may not be a boom industry (cruise ships; wow!). Poor economic performance will bring on stimulus that will favour some sectors but not all.

Interesting times.
  Forum: Investment Discussion

nipper
Posted on: Feb 17 2020, 09:07 AM


Group: Member
Posts: 6,634

QUOTE
For the half-year to 31 December 2019, the portfolio delivered a total return of +6.5%, more than double the +3.1% delivered by the Australian equity market.

Argo Infrastructure’s share price has also performed very strongly, returning +32.5% over the 2019 calendar year, which significantly improved the share price discount to NTA from -15.7% to -7.8%. The discount has narrowed further since then and the share price recently achieved a record high of $2.68.

And an increased dividend, to 3c FF a share.

Also announced a 1:6 entitlement issue at $2.25, for those being on the books 20 Feb.
QUOTE
OUTLOOK POSITIVE

We expect modest economic growth to continue in 2020, supported by accommodative monetary policy around the world.

Argo Infrastructure has made a bright start to the new calendar year, with the portfolio rising strongly along with broader global equity markets for most of January. Pleasingly, when most markets dropped suddenly at the end of the month due to growing coronavirus concerns, infrastructure again held up well, finishing the month up +7.3% and outperforming global equities which rose 4.4% in A$ terms.

This resilience may be an important attribute in the shorter term, with many global indices trading around record highs despite the potential for volatility due to coronavirus developments, Brexit implementation and US-China trade deals.

Looking further into the future, it is interesting to note the increasing exposure to renewable energy assets in the portfolio. Often this occurs through holdings in integrated energy companies such as NextEra Energy, which is currently the Company’s biggest holding. NextEra uses strong and reliable cashflows from its high-quality utility operations (Florida Power & Light) to help fund its investment in renewables, and is now the largest operator of solar and wind power generation assets in the US.

- am enjoying the ride. Infrastructure = getting rich slowly
  Forum: By Share Code

nipper
Posted on: Feb 15 2020, 06:10 PM


Group: Member
Posts: 6,634

Generally unreadable puff piece about a company , Carbon Revolution (not sure if Greta would reflexly support or oppose) that tells very little about one undeniably successful Aust manufacturing story.
https://www.theaustralian.com.au/business/w...7c7fee6bd63e9e8

Luckily it's behind a paywall so nobody will know, anyway.

.

But, if interested, world leading and about to scale up and 'industrialise' the production line.
QUOTE
Carbon Revolution is now lifting production output of its one-piece carbon fibre wheels sub­stantially to fit the new vehicles being produced by global carmakers Ferrari, Ford and Renault.

The wheels are about 40 per cent lighter than conventional wheels and cut fuel consumption, reduce running costs and vehicle emissions.

In October last year, the company also secured a contract to supply wheels specifically designed for an SUV of a global automotive company, reportedly Jaguar Land Rover.
obviously not all car owners pay for the upgrade
QUOTE
Earlier last year the firm received a $2.4m federal grant to ­design the world’s first carbon-fibre aircraft wheels.

And something relevant to this high cost economy
QUOTE
“The industrialisation enables us to get to larger markets,” he says. “Which means we will continue to grow from a workforce point of view. But the input hours per wheel continues to go down pretty dramatically. It is about making smarter and smarter jobs and more and more skilled manufacturing. The global market for this technology is huge. It is price elastic but at this point in time there is a lot of demand that is beyond our capacity to provide.”
  Forum: By Share Code

nipper
Posted on: Feb 14 2020, 04:47 PM


Group: Member
Posts: 6,634

Ex bureaucrats behaving thus (from a minnow Telco called 5GN that IPO'ed a year ago and now moving elsewhere (data centres)
QUOTE
As previously highlighted, a key feature of today’s Australian ICT industry is the ongoing penetration of new access technology from NBNCo™ which in FY19 has connected to over 6* million premises. This represents a growth of 50% from 2018 and this development is now bringing significant disruption to the business landscape, with NBN services now actively promoted across both residential and business customers.

This outcome is notably disappointing given most corporate premises already enjoy competitive offers through many service providers who have historically invested in providing high value fibre network services
  Forum: By Share Code

nipper
Posted on: Feb 14 2020, 04:37 PM


Group: Member
Posts: 6,634

QUOTE
Telstra chief executive Andy Penn ... took the opportunity to explain ...the thinking behind the creation of an $11.7 billion separate unit that may be spun off in the future.

Penn talked in some detail about InfraCo, a collection of infrastructure businesses with annual revenue of about $4.4 billion. It is responsible for key network assets including data centres and exchanges, most of Telstra's fibre network, the copper and hybrid fibre coaxial networks, international sub-sea cables, poles, ducts and pipes.

Experts in the booming infrastructure space say InfraCo is the jewel in Telstra's crown. They believe it is inevitable the collection of businesses under the InfraCo umbrella will be sold by Telstra either in one bundle or as separate entities.

Given declarations by the government and competition regulators that Telstra cannot own NBN Co if it is involved in the telco infrastructure business, it is logical to think it would be in the interests of Telstra shareholders for InfraCo to be fully separated from Telstra.
https://www.afr.com/chanticleer/the-12b-hid...20200214-p540tu

so then, theoretically, in 2023 it could bid for NBN?

Watching but not waiting. Ex bureaucrats, the lot of them.
  Forum: By Share Code

nipper
Posted on: Feb 14 2020, 04:30 PM


Group: Member
Posts: 6,634

QUOTE
Telstra chief executive Andy Penn had previously said the NBN Co would reduce Telstra's earnings before interest, tax, depreciation and amortisation by $3 billion by 2022. But on Thursday he said the cost so far had been $2 billion and the impact was 60 per cent of the way through.

This tells you the impact will be about $3.5 billion, which is the total earnings lost from giving up control of its broadband network to the government-owned wholesale operator..

Which, some say, may be masking a rebound, minor but nevertheless there
  Forum: By Share Code

nipper
Posted on: Feb 14 2020, 03:52 PM


Group: Member
Posts: 6,634

.
QUOTE
It’s one of the most well-known and high profile advertising slogans from one of Australia’s most loved retailers – but not for much longer.
Bunnings is quietly pulling the pin on its famous tagline.

“Lowest prices are just the beginning …” is, well, ending. At least for now

.
https://amp-news-com-au.cdn.ampproject.org/...9f51ca966088efa
  Forum: By Share Code

nipper
Posted on: Feb 14 2020, 03:52 PM


Group: Member
Posts: 6,634

G'day, g'day. Interesting, thanks for the info.

Just luvin' my CSL n CBA shares. But the risk bucket, the 10% thrill and chase money, it's hard to find a home. Getting more cautious.

  Forum: Investment Discussion

nipper
Posted on: Feb 14 2020, 02:06 PM


Group: Member
Posts: 6,634

Ticking. Firing on multiple cylinders. Now solidly above $90
  Forum: By Share Code

nipper
Posted on: Feb 13 2020, 09:07 PM


Group: Member
Posts: 6,634

Several major rivers feeding the Murray-Darling Basin have started to flow, including the Condamine and Balonne in Queensland and the Namoi and Barwon in NSW. Much of that water ultimately enters the Darling, which has not flowed solidly for years.

The Murray-Darling Basin Authority says, among other revivals, the Moonie River in Queensland is flowing for the first time since April 2018. Parts of the Weir, Macintyre and Dumaresq rivers of the Queensland-NSW Border Rivers region also are flowing, while in NSW water is passing through large sections of the Gwydir, Castlereagh and Macquarie catchments.
https://www.mdba.gov.au/media/mr/recent-rai...mmunities-alike

enough for a flood? Probably not.
  Forum: Investment Discussion

nipper
Posted on: Feb 13 2020, 12:38 PM


Group: Member
Posts: 6,634

QUOTE
On 05 March, some 3,000 delegates from all corners of the country are supposed to assemble at the Great Hall of the People in Beijing to kick off 10 days of meetings. It's the sort of mass gathering that, if it were anything else, would have been already cancelled due to coronavirus (COVID-19) outbreak.

Since late January, sports and cultural events across China have been scuttled. Cinemas are closed, schools are shut, and the gates of theme parks are locked, such is the aversion to allowing group gatherings while COVID-19 continues to spread. Most restaurants and bars in major cities haven't reopened.

But plans for the National People's Congress, a huge meeting often dubbed abroad as China's rubber-stamp parliament, remain underway.

"Cancelling it hasn't happened since the Cultural Revolution," Chinese University of Hong Kong's political analyst Willy Lam said. "I think at this stage, the possibility of cancellation is big, because there's not only the risk of spreading the infection, but also if the deputies [delegates] were together in Beijing, they may post hostile and embarrassing questions to the top officials about the outbreak."
https://www.abc.net.au/news/2020-02-13/with...ilemma/11960724

This could be a blow to prestige, to the "authority" and the Junta's claims to legitimacy
  Forum: Investment Discussion

nipper
Posted on: Feb 13 2020, 10:51 AM


Group: Member
Posts: 6,634

back up.

TPG and Vodafone allowed to merge; Federal Court saying the "combined entity will create a stronger competitive force against Telstra and Optus."
  Forum: By Share Code

nipper
Posted on: Feb 13 2020, 08:06 AM


Group: Member
Posts: 6,634

13/2/20 ...Federal government backs Lithium Australia’s $3.6 million R&D programme for lithium recovery from fine and contaminated waste materials
QUOTE
 Lithium Australia has been awarded a grant by the Australian federal government’s Co-operative Research Centre Projects initiative, to support the next stage of its $3.6 million LieNA® research and development programme for the recovery of lithium from fine spodumene.

 As part of CRC-P Round 8, which targets critical minerals, Lithium Australia will receive a grant totalling $1.3 million.

 Lithium Australia’s LieNA® R&D programme will provide a pathway to commercialisation of this revolutionary processing technology.

 Leading researchers and companies participating in the LieNA® R&D programme include the Australian Nuclear Science and Technology Organisation, Murdoch University, Curtin University, Pioneer Resources Ltd, ALS Metallurgy Pty Ltd, Carnac Project Delivery Services Pty Ltd and Lithium Australia subsidiary VSPC Ltd.


12/2/20 ...Lithium Australia subsidiary VSPC awarded federal government grant in $5 million battery development programme
QUOTE
HIGHLIGHTS

 VSPC Ltd is to be part of a $5 million programme to develop fastcharge batteries for trams, under the auspices of the federal government’s Co-operative Research Centres Projects.

 Working with Australia’s Commonwealth Scientific and Industrial Research Organisation, The University of Queensland and Soluna Australia, VSPC will develop advanced cathode materials.

 As part of CRC-P Round 8, VSPC will receive a grant totalling $1.6 million for its participation (CSIRO, UQ and Soluna contributions will be in-kind).

- different grants and collaborations?

- but really, how much money will be effectively spent. Stretching the concept of "man-hours" they'd be lucky to get 2-3 "boffin-years" out of a mill or 2?
  Forum: By Share Code

nipper
Posted on: Feb 12 2020, 09:15 AM


Group: Member
Posts: 6,634

Pretty hard maintaining tight hole conditions and hiding a drilling result. Too many eyes and ears involved in the process.!
  Forum: By Share Code

nipper
Posted on: Feb 12 2020, 08:42 AM


Group: Member
Posts: 6,634

TH pending the release of "significant exploration results from drilling at the Boda Prospect."

Now a buck, should make yr $1.20?
  Forum: By Share Code

nipper
Posted on: Feb 12 2020, 07:43 AM


Group: Member
Posts: 6,634

CSL achieved 11 per cent net profit growth of $US1.248 billion and earnings of $US2.75 a share.

The company declared an interim dividend of US95¢ and forecast 2019-20 net profit of $US2.11 billion to $US2.17 billion, up 10 to 13 per cent year-on-year
  Forum: By Share Code

nipper
Posted on: Feb 12 2020, 06:56 AM


Group: Member
Posts: 6,634

QUOTE
► Statutory net profit after tax (NPAT) of $6,161m, up 34% including $1,688m from the gain on sale of CFSGAM
► Cash NPAT of $4,477m, down 4.3%
► Cash return on equity (ROE) of 12.7%
► Operating income of $12,416m, flat on 1H19, up 3.5% sequentially
► Group net interest margin (NIM) of 2.11%, up 1 basis point (bpt) on 2H19
► Operating expenses of $5,429m, up 2.6%
► Loan impairment expense of 17 bpts of average GLAA (14 bpts ex. drought/bushfire provision), up 2 bpts
► Deposit funding of 71%, up 2%
► Common Equity Tier 1 (CET1) capital ratio of 11.7% (APRA), 17.5% (internationally comparable)
► Interim dividend per share of $2.00

OK OK. Ticking over in a challenging environment
  Forum: By Share Code

nipper
Posted on: Feb 12 2020, 06:40 AM


Group: Member
Posts: 6,634

Wed....TPG and Vodafone braced to learn their fate:

TPG Telecom and Vodafone Hutchison Australia are hours away from learning whether their $15 billion merger can go ahead
  Forum: By Share Code

nipper
Posted on: Feb 11 2020, 11:19 AM


Group: Member
Posts: 6,634

QUOTE
Structure

• Entitlement Offer - open to existing PE1 Unitholders, who will have the right to subscribe for 2 new Units for every 1 Unit held on the record date (which is expected to be in mid-February 2020).

• Shortfall Offer - any new Units not applied for under the Entitlement Offer will form part of the Shortfall Offer. The Shortfall Offer is open to Existing Unitholders who have subscribed for their full entitlement under the Entitlement Offer.

• Discretionary Offer – open to other select investors. All new Units that are not applied for under the Shortfall Offer will form part of the Discretionary Offer.

Ambitious.

Jan NAV was $1.37

..... and then there's the sweetener
QUOTE
Benefits to existing investors

• Ability to increase their investment in PE1, without having to buy on-market;
• Increased size of PE1 which could result in increased liquidity for their holdings;
• Increased breadth of the investor base which could result in increased demand for Units; and
• A Loyalty Benefit Program entirely paid for by Pengana.

Proposed Loyalty Benefit Program
• A unique innovation prioritising existing investors who retain their PE1 investment for four months after the closing date of the offer
• An additional allocation of 1% Loyalty Units in the Trust for every $100 million raised under the Secondary Offer
• Eligible Investors will benefit proportionate to their current holding
  Forum: By Share Code

nipper
Posted on: Feb 11 2020, 09:24 AM


Group: Member
Posts: 6,634

QUOTE
Biotron (BIT) 9c

Shares in the antiviral play Biotron, which rose tenfold in value in 2018 after unexpectedly efficacious HIV trial results with its drug candidate BIT 225.

The share rally subsequently fizzled, but on January 22 the stock spiked from 6c to 8.4c as the coronavirus outbreak intensified. It’s been trending up ever since.

Queried by the ASX, the company merely noted that two directors had been recent keen buyers and referenced patent applications and upcoming medical conferences.

While there was no specific mention of the ‘c’ word, punters have latched on to Biotron’s clinical program for ‘pan respiratory’ viruses including coronaviruses.

In June 2019 a Biotron prezzo mentioned “corona” as part of an early-stage screening program – and it wasn’t referring to a 1970s Toyota.

Named after its crown-like shape, the common coronavirus is responsible for past pestilences including Severe Acute Respiratory Syndrome (SARS) and Middle Eastern Respiratory Syndrome (MERS).

Biotron CEO Michelle Miller says while the company’s work on pan respiratory viruses continues, there’s not much to add at this stage.

“We have some good advanced compounds we can progress towards a treatment,” she says. “They might not work on this current virus but if it hangs around … we would like to be in a position to have something ready to go.”

She says while a vaccine can be developed reasonably quickly, a drug cannot: “even if we have a compound which is absolutely fabulous we would have years of lead time before anything gets to market.”

By that time, the virus will have taken on another malevolent form.

https://www.sharecafe.com.au/2020/02/05/sto...ster-zeitgeist/
  Forum: By Share Code

nipper
Posted on: Feb 11 2020, 09:03 AM


Group: Member
Posts: 6,634

QUOTE
“ business debt levels continue to be elevated compared with either business assets or gross domestic product, with the riskiest firms accounting for most of the increase in debt in recent years.

Although the net issuance of riskier forms of business debt - high-yield bonds and institutional leveraged loans - has slowed since July 2019, it is still solid by historical standards

In addition, about half of investment-grade debt outstanding is currently rated in the lowest category of the investment-grade range (triple-B), a share that is near an all-time high.

The concentration of investment-grade debt at the lower end of the investment-grade spectrum creates the risk that adverse developments, such as a deterioration in economic activity, could lead to a sizable volume of bond downgrades to speculative-grade ratings.

Such conditions could trigger investors to sell the downgraded bonds rapidly, increasing market illiquidity and causing outsized downward price pressures.

The recent emergence of the coronavirus, however, could lead to disruptions in China that spill over to the rest of the global economy.”


https://www.federalreserve.gov/monetarypoli...mpr-summary.htm
  Forum: Investment Discussion

nipper
Posted on: Feb 11 2020, 08:17 AM


Group: Member
Posts: 6,634

Spot Price... I know it affects valuations, but to get many projects up, and to secure supplies, contracted gas prices are in place.

Beach BPT results are just out, and they talk about how low LNG spot is affecting the East Coast spot price. However, the longer term dynamics are:
• Non-CSG East Coast gas supply is expected to decline in the medium-term in the absence of material new developments
• There are physical (pipeline) constraints on how much QLD gas can flow to southern demand centres, no matter how much is made available long-term
• New sources of southern supply will still be ultimately required
• LNG imports to the East Coast would require domestic prices of >$9/GJ if long-term LNG prices were as low as US$6 / MMBtu

- Guess that's how markets operate
  Forum: Investment Discussion

nipper
Posted on: Feb 10 2020, 05:59 PM


Group: Member
Posts: 6,634

QUOTE
Shares in buy now, pay later consumer credit provider Afterpay are up more than 1200 per cent since June 2017. But its meteoric rise is certain to continue to split the investment community.

On the way up, the fintech has ridden roughshod over regulators, posted a ballooning $42 million loss and raised about $660 million in new capital from retail, institutional, and private US technology investors. The two founders sold down about $100 million worth of shares in the 2019 financial 2019 after dumping about $35 million in shares between them in 2018.

Nice work if you can get it, but the investor enthusiasm for the business is not for nothing. Afterpay has been wildly successful in Australia, the US and UK in disrupting traditional credit providers with its interest-free credit offering.

The stats are impressive. At October 31, 2019, it had 6.6 million active customers worldwide across 32,500 retailers offering the service. It added an average of 22,000 new customers a day last November, compared to 12,500 a day in July 2019. Its US business signed up more than 3 million shoppers in its first 19 months and is already similarly sized to its Australian business. In the UK, its Clearpay business has signed up 500,000 shoppers in just seven months.

Moreover, it boasts signs of powerful compound growth potential as the longer shoppers use it, the more they spend.

Australian and NZ shoppers signed up between the 2015 and 2017 financial years now buy on average 22 times more a year. Those signing up in the 2018 and 2019 financial years now spend 14 times and seven times more on average.

But, converting that to earnings? If growth is profitless, what's the point?

QUOTE
Critics argue the business model's big weakness is that the 3.8 per cent fee it charges merchants will have to come down as the number of competitors offering cheaper fees grows.

In other words, Afterpay's business model has a narrow moat, because there's no complex technology, intellectual property or monopolistic market position to stop retailers or shoppers using alternatives.

The competitor roll call is growing all the time, with Zip Pay, Humm, Sezzle, Splitit, Openpay, Brighte and CreditLine all offering similar services – often at the same online checkout points of retailers.

Perhaps a more serious competitive threat is the launch last month of Europe's largest payments and buy now, pay later player, Klarna, in Afterpay's home market of Australia.
  Forum: By Share Code

nipper
Posted on: Feb 9 2020, 02:16 PM


Group: Member
Posts: 6,634

QUOTE
correlation does not prove causation
, indeed yes, and some of our friends seem to conflate Virtue Signalling with Catastrophism. So confused they are.

(How dare they!?)
  Forum: Off Topic Chat

nipper
Posted on: Feb 7 2020, 04:53 PM


Group: Member
Posts: 6,634

and DEG put on another 42% today

DGO kept the relativity going, with 16% rise.
  Forum: By Share Code

nipper
Posted on: Feb 6 2020, 09:44 PM


Group: Member
Posts: 6,634

DGO Gold Ltd (DGO) up on the same announcement

DGO holds 12.1% (up from 10.7%) 0f DEG
So DGO only put on 24%
  Forum: By Share Code

nipper
Posted on: Feb 6 2020, 08:19 PM


Group: Member
Posts: 6,634

you're right. It's on my watchlist (and b. useless just being there, too. Notional or hypothetical gain, urrgh)


although the Announcement header; 'Hemi confirms potential for major discovery" rings bells. Potential; meet notional. Notional; meet potential.

Shallow - good
wide and high grades - good
Aircore sampling - more work needed, folks
  Forum: By Share Code

nipper
Posted on: Feb 6 2020, 05:28 PM


Group: Member
Posts: 6,634

if it goes from 10c to 10.5c you can make 5%. It's an interesting place to fish in; best spread in the business
  Forum: By Share Code

nipper
Posted on: Feb 6 2020, 02:23 PM


Group: Member
Posts: 6,634

Shares in Sydney biotech company working on a cure for AIDS have surged 15 per cent after it said it was also evaluating its compounds for use against coronaviruses, including the new Wuhan strain that has killed hundreds.
QUOTE
Biotron said it has 30 compounds with good activity against a range of coronaviruses, “including human coronaviruses that cause mild cold-like symptoms as well as the SARS coronavirus that was responsible for the outbreak of that virus in 2003”.

“Those compounds can reduce the levels of coranvirus by 90 per cent to 100 per cent in infected cell cultures. "Importantly, several compounds have broad-spectrum activity against multiple strains of coronaviruses.”

Biotron said it was testing a few select compounds against the Wuhan coranvirus, known as 20190-nCoV. The work would be done under contract in specialist laboratories that have access to the new virus, which the company said has only recently been isolated and made available for study.

“Biotron’s priority will be testing its compounds that have shown broad-spectrum activity against different coronaviruses,” Biotron said in a statement to the ASX.
  Forum: By Share Code

nipper
Posted on: Feb 6 2020, 10:10 AM


Group: Member
Posts: 6,634

Yes, agree. My son's now in my house (long story), he's asked if panels can go on the roof specifically for charging his bike batteries.

Sure, I said, just get the ACT govt to let you cut down the neighbour's gum tree that overshadows us.
  Forum: Investment Discussion

nipper
Posted on: Feb 6 2020, 09:31 AM


Group: Member
Posts: 6,634

QUOTE
Federal Energy and Emissions Reduction Minister Angus Taylor said as part of a $3.5 billion climate solutions package, the government was developing a National Electric Vehicle Strategy, to be finalised by the middle of the year.

He said the strategy would ensure a "planned and managed transition" to the new vehicle technology so that Australians who "choose to adopt new technologies are supported in doing so".


https://www.smh.com.au/politics/federal/sha...202-p53wx3.html
big numbers locally (lol)
QUOTE
Electric Vehicle Council show 6718 electric cars, including hybrid plug-ins, were sold nationwide last year, up from 2216 in 2018.

  Forum: Investment Discussion

nipper
Posted on: Feb 6 2020, 09:31 AM


Group: Member
Posts: 6,634

that's a job for the UN, mick
  Forum: Investment Discussion

nipper
Posted on: Feb 6 2020, 09:09 AM


Group: Member
Posts: 6,634

and through $320.

(being in the flu vaccine biz, with a coronavirus around, wouldn't be hurting)
  Forum: By Share Code

nipper
Posted on: Feb 6 2020, 08:56 AM


Group: Member
Posts: 6,634

QUOTE
British Prime Minister Boris Johnson has thrown down the gauntlet on climate change to countries including Australia, urging them to come to a major UN climate conference in Scotland this November with a plan to get their economies carbon-neutral by 2050.

"The UK is calling for us to get to net zero as soon as possible, for every county to announce credible targets to get there, that's what we want from Glasgow," he said in a speech on Tuesday (Wednesday AEDT).

Mr Johnson has significantly upped the ante for the UN conference known as COP 26 – successor to the meetings that crafted the Kyoto and Paris agreements – which Britain and Italy will co-host in Glasgow in November.

"Of course it’s expensive, of course it’s difficult, it will require thought and change and action. People will say it’s impossible and it can’t be done; my message to you all this morning is that they are wrong."

Mr Johnson vowed to bring forward by five years a domestic pledge to phase out the sale of new diesel and petrol cars from Britain, including hybrids. He said it could be done by 2035 "or earlier if a faster transition is feasible, subject to consultation".
  Forum: Investment Discussion

nipper
Posted on: Feb 5 2020, 02:57 PM


Group: Member
Posts: 6,634

QUOTE
speaker of the house tore up [^] the presidents speech in front of the congress
her copy of
  Forum: Macro Factors

nipper
Posted on: Feb 5 2020, 01:09 PM


Group: Member
Posts: 6,634

On February 5th, 2020, Landmark White Limited (LMW) changed its name and ASX code to Acumentis Group Limited (ACU).


It is an independent valuation and property consultancy company. The company operates through four business divisions: fund management, research, valuation services, and property and business advice.
  Forum: By Share Code

nipper
Posted on: Feb 5 2020, 12:51 PM


Group: Member
Posts: 6,634

ID8 now around 30c a share; market cap about $30million. Company recently came out with an Investor Update and is now in a Trading Halt with Institutional Placement to raise some (more) capital.

Seem to be lots of challenges around. 25,000 banks, 765 billion non-cash transactions globally.

The ISO 20022, a "single standardisation approach (methodology, process, repository) to be used by all financial standards initiatives) is a standard that is global and all banks need to be compliant by 2023. ID8 claim to be part of this process. .... But has to be in partnership with existing systems (= legacy) Also the Open Banking ecosystem is evolving.

Open banking is the "practice of sharing financial information electronically, securely, and only under conditions that customers approve of. Application programming interfaces (APIs) allow third-parties to access financial information efficiently, which promotes the development of new apps and services."

To date, ID8 a license agreement with HSBC Global (UK) and recently signed a new agreement with HSBC Aust for the Overlay+ platform (which uses blockchain technology to enable seamless transfers that can be tracked and verified automatically requiring no manual input, completely compliant with the new ISO 20022 KYC standard); going live with this in 2Q2020

So many fintechs, so much at stake.
  Forum: By Share Code

nipper
Posted on: Feb 5 2020, 12:25 PM


Group: Member
Posts: 6,634

QUOTE
identitii Limited is an emerging Australian software company providing enterprise software for financial services and banking institutions.

Established in 2014, identitii has developed its own proprietary product called Serra, an application that enables the secure and trusted exchange of information (such as "Know Your Transaction" information) over financial networks, powered by a secure private blockchain.

identitii developed Serra through a two and a half year in-house research and development program, and has a long term product roadmap for additional features or 'add-ons'.

identitii's objective is to continue to commercialise its product, Serra, in the financial services industry and to build a global information network for financial institutions using Serra, to enable the secure, trusted and auditable exchange of detailed information over any financial network.

Listed on the ASX in October 2018 at 75c a share
  Forum: By Share Code

nipper
Posted on: Feb 5 2020, 10:35 AM


Group: Member
Posts: 6,634

QUOTE
..great timing with the presentation of our demonstrator application next week!

and the presentation comes out, next day SOR sold off by 20%. The ASX sends a 'please explain' to which SOR replies it is unaware, in compliance, other than it is currently pursuing a number of technology and resources projects that are speculative in nature, etc

Clawed its way back a bit today upon reinstatement. Maybe some holder just took some off the table?

(Don't hold)
  Forum: By Share Code

nipper
Posted on: Feb 4 2020, 09:20 PM


Group: Member
Posts: 6,634

Tritton Resources had the ASX code TTT and was taken over by Straits Resources in 2006.

Titomic Ltd floated in 2017 and took over the code TTT.

Its a long time between drinks
  Forum: By Share Code

nipper
Posted on: Feb 4 2020, 04:48 PM


Group: Member
Posts: 6,634

(at least in USA), the yield curve just inverted -- again.

QUOTE
Driven by fears of a potential coronavirus pandemic that could cause widespread economic disruption, investment capital sought shelter in longer-term bonds. This flight to safety caused the curve to invert, at least for now.

All depends on how that virus spreads, I guess.
  Forum: Investment Discussion

nipper
Posted on: Feb 4 2020, 04:11 PM


Group: Member
Posts: 6,634

With Sarson companies in liquidation, superannuation platform manager­OneVue moved to assure its shareholders it won’t be left financially damaged if Sargon collapses.

OneVue said it would preserve its legal rights over an outstanding $31m owed to it by Sargon from last year’s purchase of its ­Diversa Trustee business.

“It is important to emphasise that the ­OneVue business and its commitments to clients and growth is in no way dependent on the outcome of the Sargon receivable,” OneVue managing director Connie Mckeage said.

“The business is appropriately funded and has the balance sheet strength, cash-generating capabilities, cash on hand and debt ­facilities to support the growth and operating requirements of the business.

“All outstanding amounts for acquisitions were fully extinguished in January 2020, including the final payment to KPMG for the acquisition of their ­superannuation administration business.”
  Forum: By Share Code

nipper
Posted on: Feb 4 2020, 02:00 PM


Group: Member
Posts: 6,634

OPC seems to be doing well. After IPO @ $2.00, and straight out of the blocks last August, it hit $4.40 by Dec, with a gentle selldown after that.

Had an Investor day yesterday, confirmed guidance, built on the story of ever increasing use of fixed line broadband (fibre to the premises), developing services that will grow market share, and being smart about it. I like the idea of working with planned communities, retirement complexes, apartments, commercial, hotels and shopping centres; anything with a bit of central control rather than scattershot NBN "build and they will come" wishful thinking.

They must have opened up the bonnet; someone must have been impressed as there has been a nice 50c lift, back to $4.25
  Forum: By Share Code

nipper
Posted on: Feb 4 2020, 01:20 PM


Group: Member
Posts: 6,634

I'll send a message to Admin. TTT is Titomic. Just needs the header changed
  Forum: By Share Code

nipper
Posted on: Feb 4 2020, 01:16 PM


Group: Member
Posts: 6,634

quarterly was out on Friday?

I must say I lost interest in this sort of thing a while ago ... not even on any Watchlist. And that was as far as it went, apart from an early and successful early play on A3D

Any brainwave that small operators can make it in what is realistically widget making, albeit 21st C gizmos, is quickly shot down, tempered by the fast moving and ever-changing nature of materials (including bio ink, now) and the appearance of heavyweights, Xerox is the latest claimant, that will outgun any undercapitalised backyard outfit..
  Forum: By Share Code

nipper
Posted on: Feb 4 2020, 08:38 AM


Group: Member
Posts: 6,634

Another one structured for the insiders?
QUOTE
investors taking a look at new IPO candidate Microba will be thinking with both their gut and their head as they weigh whether to jump into its $30 million initial public offering. ... the gut health company, which has a pre-money valuation of around $55 million, has tapped Bell Potter and Canaccord Genuity to take it public and is eyeing a listing on the ASX in the second quarter of 2020.

Microba has developed a kit that allows users to test their gut microbiome. The microbiome diagnostics and therapeutics market is estimated to be worth $US4.9 billion in 2020 and will grow to $US6.1 billion by 2023.

Microba generated $1.9 million in revenue in the 2019 financial year, which was forecast to rise 57 per cent to $3 million in the 2020 financial year, according to a presentation in front of fund managers. It's also signed a letter of intent with Europe's largest provider of pathology services to launch a healthcare product into the EU market.

Alex Waislitz’s Thorney Investments, Perennial Value Management and Sydney investment firm Alium Capital are already on the register following a $10 million Series B funding round in June last year. Perennial Value plans to increase its ownership further in the slated initial public offering and Thorney and Alium are expected to bid for more than their pro rata amount.

Cornerstone bids are due by Wednesday next week, prior to an IPO roadshow in late March, then a retail offer at the end of April. Microba is slated to hit the ASX-boards on May 8
  Forum: Off Topic Chat

nipper
Posted on: Feb 4 2020, 08:24 AM


Group: Member
Posts: 6,634

Just putting this here for a bit of context/ continuity
QUOTE
Keppel Infrastructure Trust-owned Ixom is about to purchase US water treatment business Medora Environmental for about $US24 million. Medora provides water management solutions to businesses in sectors like mining, agriculture, energy and manufacturing.

Ixom meanwhile is the market leader in water treatment in Australia and New Zealand, as well as a chemicals distributor. The Medora acquisition will grow Ixom's US presence and will combine with the company's existing water treatment offering.

Ixom and Medora are competing for a slice of the global water market, which is expected to hit $US1 trillion by 2025.

It is understood Medora's products will also be used to service the Australian market, where water quality issues are particularly important in drought-stricken areas.

Singapore-listed Keppel have owned Ixom since 2018 when it bought it off Blackstone for $1.1 billion after an auction run by JPMorgan. In the December 2019 quarter, Ixom contributed $264.3 million to Keppel's total revenue of $422.8 million.

Ixom has more than 1000 employees around the world and became a standalone business in 2015 after it was spun out from Orica Australia
  Forum: Investment Discussion

nipper
Posted on: Feb 1 2020, 03:34 PM


Group: Member
Posts: 6,634

noticed that. Swollen digit?
  Forum: Investment Discussion

nipper
Posted on: Feb 1 2020, 01:30 PM


Group: Member
Posts: 6,634

What has happened to Rio Tinto?
Joe Aston: Columnist, Rear Window
QUOTE
It was a telling garnish on the whole sorry affair: three days into The Australian’s exposure of Rio Tinto’s Orwellian “dynamic discounting” program screwing its suppliers, the miner’s chief commercial officer Simon Trott was, well, trotted out to front the grovelling backdown. Group chief executive Jean-Sebastien Jacques exhibited his kind of leadership from the distant rear. In no way is the man more French than in his truancy of character.

Rio’s behaviour under Jacques gives rise to its increasing isolation.

Only in October, a House of Representatives standing committee held an inquiry "into how the mining sector can support businesses in regional economies" and received submissions from BHP, Glencore and the Minerals Council of Australia; but not a peep from Rio. The inquiry’s first term of reference was “the appropriateness of the payment terms offered to businesses by the mining sector”. Engaged in an AI-driven supply chain shakedown, what could Rio have possibly tendered?

Last month, the Takeovers Panel found adversely against Rio’s attempt to underwrite an equity raising in Energy Resources of Australia to dilute the uranium miner’s minority shareholders into oblivion. Rio’s representative ERA director even attended meetings of its board’s “independent panel” assessing the deal.

For its Bell Bay, Boyne Island and Tomago aluminium smelters in Tasmania, Queensland and New South Wales, Rio has been seeking to gouge cheaper (read: subsidised) electricity from those state governments and holding the futures of local workers over their heads. It's called extortion.

And Rio’s indecent mania for greenwashing – claiming risible “fossil free” leadership while denying its Scope 3 emissions responsibility, which BHP and Vale have accepted – has been well established.

What has happened to Rio Tinto’s hallowed conduct manual, The Way We Work, alleged breaches of which were once enough to sack members of Jacques’ group executive committee and are still deemed sufficient to withhold remuneration entitlements from Jacques’ predecessor Sam Walsh?!

“In everything we do, we hold ourselves accountable to the highest industry standards and our own stringent requirements for ethical conduct,” it pledges. Yet time and again over the past three years, Rio has been, demonstrably, a bad faith actor in Australian society.

And the miner’s board of directors – sitting far, far away from any red dirt, twirling their moustaches atop St James’s Square – has been utterly inanimate, rendered so by their plenteous profits.

Our eminent neighbour Chanticleer landed it impeccably yesterday: “It’s as if [they] have learnt nothing from the way the banks’ relentless focus on profits above all else brought them unstuck.

https://www.afr.com/rear-window/what-has-ha...20200130-p53w8h

- been that way all along, I'd reckon. CRA was the high (or low) point.
  Forum: By Share Code

nipper
Posted on: Feb 1 2020, 12:53 PM


Group: Member
Posts: 6,634

pretty easy (in hindsight) to say this was misread, and badly. Perhaps, as some are suggesting, there may be a second leg up?

https://www.sharecafe.com.au/2020/01/31/is-another-yield-crunch-coming/
QUOTE
back in early 2019 when TCL was yielding 4.56%, I suggested 3% which translated into a 52% rise in the underlying share price. I still think 3% is appropriate (and even lower considering Goodman Group is 2%). But back then TCL was paying out 56.65c in dividends which has now increased to 61c. This means the new 3% yield target jumps from $18.85 to $20.33 or the equivalent of another 30% gain.


I think over 2020 if central banks are unable to lift interest rates because of constant fear that it will stifle a fragile global economy, then the yield crunch will continue. From the above we can still see that there is still plenty of meat still left on the bone in this trade. Slowly but surely yields over time will be crunched, the longer interest rates stay low. The prices reached by some of these assets will be “unimaginable” today. But then again 12 months ago a 40% rise in TCL was also laughed at.

  Forum: By Share Code

nipper
Posted on: Feb 1 2020, 11:05 AM


Group: Member
Posts: 6,634

Quite a few "fintechs" probably had the thought: "incumbents being challenged (Royal Commissions), 9% at least growth pa, some new clean software, let's just put our hands out and grab some of that."

The Spaceship adventure never really took off, despite the starpower promoters, and now Sargon Capital has gone into receivership
QUOTE
Melbourne-based Sargon boasts it provides “trustee cloud infrastructure to power the world's next generation of funds and financial products”, with more than $55 billion in assets under trusteeship and supervision.

It tried reassuring clients overnight, with a note on its website saying business was unaffected as Sargon Capital was “a holding company” and “operating subsidiaries are not in any form of external administration”.

“Sargon confirms that assets held on behalf of clients are not at risk by way of the appointment of McGrathNicol and are protected by regulatory, legal and other protections,” the note said.

Gee, you'd hope the Trustee structure was robust enough to protect client assets!

OneVue Holdings OVH was hoping to offload some software to Sargon; now in trading halt
  Forum: Investment Discussion

nipper
Posted on: Feb 1 2020, 10:12 AM


Group: Member
Posts: 6,634

a shame there are 3 Gold threads weaving a web of confusion, such that some posts disappear without a trace (and as for some Canadian fairy, just POQ)

the Fosterville discovery NE of Bendigo has excited the punters. Big players taking early stakes means some potential upside has been taken.
Tim Boreham writes widely on the region; latest missive is "Behind The Victorian Gold Revival"
https://www.sharecafe.com.au/2020/01/29/beh...-revival/

Its mostly about the latest excitement Kalamazoo KZR, also gives a mention to Navarre Minerals NML, Catalyst Metals CYL and Chalice Gold Mines CHN, all looking for the next elephant
QUOTE
.....meantime, the Victorian government is due to announce the winner of a new tenement grouping called Block 4, which abuts the Fosterville mine. To describe the tender as hotly competed is somewhat of an understatement, with all of the key players expected to have competed in the Dutch auction process...
  Forum: Macro Factors

nipper
Posted on: Feb 1 2020, 07:53 AM


Group: Member
Posts: 6,634

Isn't the San Andreas fault in California?
  Forum: By Share Code

nipper
Posted on: Feb 1 2020, 07:47 AM


Group: Member
Posts: 6,634

QUOTE
For the best part of 50 years Victoria’s historically fecund goldfields have been a basket case, given lack of government support and disastrous big-ticket attempts to revive the underground Bendigo and Ballarat mines.

Now, the region is in the midst of a latter-day gold rush, thanks to the efforts of Canadian miner Kirkland Lake Gold ((KLA)) at developing the Fosterville mine into a 600,000 ounce a year, 46 grams a tonne monster.

“There’s never been a better time to be in gold right now in Victoria,” says Kalamazoo Resources’ ((KZR)) executive chairman Luke “Sco-Mo” Reinehr. “Kirkland Lake changed everything.”

Fosterville was considered a low grade and difficult mine until legendary Canadian mining investor Eric Sprott got involved with Kirkland Lake, resulting in an aggressive drilling program that uncovered riches much deeper than expected.

Reinehr notes that at Fosterville the lustrous stuff is also being produced at an “all in” cost of $318 an ounce, which with a circa $2100 an oz Aussie gold price implies the mine is spitting out more than $1 billion of free cash flow annually.

How good is that!

Can Kalamazoo emulate the Kirkland Lake miracle? Well, Sprott himself thinks so, this month taking up $4m of Kalamazoo shares in a placement. The TSX listed Novo Resources, of which Sprott is a director, took up a further $4million.....

Founded by “proud Victorian” Luke and Matt Reinehr, Kalamazoo had its roots in the Pilbara. But they had closely monitored their own turf and cottoned on that Castlemaine Gold – the operator of a Ballarat mine acquired from Lihir Gold in 2008 – was being forced to relinquish its ground because it was not fulfilling it minimum exploration spending commitments.

Castlemaine Gold paid $10m for the Ballarat mine, after Lihir (now Newcrest) sunk $700m into it. Reinehr says Castlemaine Gold’s new owner, Lion Gold had been “sucking every dollar out of Castlemaine and that means ending exploration.”

Not only did Kalamazoo win the ground for no more than an application fee, but the friendly Castlemaine also bestowed a database with 300 million pieces and the results of an 80,000 metre diamond core program.

“If someone were to buy that today I would hate to think what it would cost, the diamond samples have a $20m replacement value,” Luke Reinehr says.

Similarly, the unlisted Centennial Mining gave up its South Muckleford tenements (also known as South Maldon) and Kalamazoo hoovered these up as well.

“We now control the third largest and seventh largest historical gold fields in Victoria,” Reinehr declares.

Kalamazoo’s 445 square kilometres of prospects are in the greater Bendigo zone, which historically has produced 60 million ounces at an average 15 grams a tonne – 100 times higher than the global average

Castlemaine hosts Forest Creek: “site of the world’s richest shallow alluvial goldfield ever.” There’s even a plaque to prove it.

The company isn’t interested in the alluvial stuff, but is dead keen on finding the source of the gold in the ground.

Reinter acknowledges that to find “the next Fosterville”, the company has to spend some serious dollars. The starting point is a 10,000 metre program using diamond drilling, at a cost of $2.5m.

Just before Christmas, the company reported “exceptional” results at its Mustang prospect, including a 1.42 metre intersect grading 261 grams a tonne (with a sniff of visible gold at 1916 g/t).

The Sprott news sent Kalamazoo shares up as much as 45%, with the placement struck a 24% premium (40c a share).

Earlier, Kalamazoo raised $7m by selling a sold a WA prospect called Snake Well to former Asciano chief Mark Rowsthorn and his business partner Nathan Mitchell.

Given the fancy headline number, Kalamazoo has been allowed to pay in instalments.

Dual-listed on the Frankfurt exchange, Kalamazoo shares remain tightly controlled by the Reinehrs, who hold 32% post placement (the Sprott and Novo camps each hold 8%).

https://www.sharecafe.com.au/2020/01/29/beh...n-gold-revival/
  Forum: By Share Code

nipper
Posted on: Jan 31 2020, 08:59 PM


Group: Member
Posts: 6,634

QUOTE
ResMed is anticipating an "unreserved goodness" to the business following the expansion of the likes of Apple, Fitbit and Google into software that can measure sleep disturbances.

Speaking to The Australian Financial Review after the company's second quarter results, ResMed chief executive Mick Farrell said its biggest competitor was a lack of awareness of the seriousness of sleep apnoea, which he said should be termed sleep suffocation.

He said awareness should be improved immensely by the spread of new devices, which can alert users to potential conditions, such as sleep apnoea or asthma, that could be affecting their ability to sleep peacefully.

"Prevalence data suggests that 936 million people worldwide suffer from sleep suffocation every night. We have under 5 per cent penetrated," he said. "Our biggest competitor is the lack of awareness and our goal is to drive that awareness through doctors and individuals ..."

- Resmed probably more a tech and software company these days? My partner uses a CPAP; had an issue with her new(ish) machine and rang them up. 'Yes, we can see the issue', and talked it through.

I used to be somewhat sceptical about the approach, but the data gather is impressive. Also, the cost of spare parts!!

Good business .
QUOTE
The medtech company grew revenue by 13 per cent (14 per cent on a constant currency basis) to $US736.2 million ($1.09 billion) for the second quarter.

Its net income jumped 29 per cent to $US160.6 million across the same period. For the first six months of the year, ResMed recorded net income of $US280.7 million, up 22 per cent.
  Forum: By Share Code

nipper
Posted on: Jan 31 2020, 05:10 PM


Group: Member
Posts: 6,634

And here: https://www.fool.com.au/2020/01/31/clinuvel...wing-q2-update/
  Forum: By Share Code

nipper
Posted on: Jan 30 2020, 05:16 PM


Group: Member
Posts: 6,634

Naw, Mick.

Your instincts were right, both up on the rumour before the Ann.
  Forum: By Share Code

nipper
Posted on: Jan 30 2020, 11:40 AM


Group: Member
Posts: 6,634

QUOTE
• Successful scale-up of Talga’s active anode supply for Li-ion batteries (Talnode®) in pilot processing of 60 tonne graphite ore sample from Talga’s north Sweden Vittangi project
• Milling and concentration program completed at toll mineral processor in Scandinavia achieves desired product targets using equipment up to 20x larger than that used in PFS work program
• Concentrate now progressing to next stage refining into Talga’s flagship anode product (Talnode®-C) for on-going development and larger customer qualification programs


QUOTE
Graphite anode is an advanced non-metal product that requires extensive physical validation by cell or battery manufacturers at increasing volumes prior to commercialisation. This is unlike most battery metals (such as lithium, copper or cobalt) that can be sold on a purity basis with little testing. The

  Forum: By Share Code

nipper
Posted on: Jan 30 2020, 11:38 AM


Group: Member
Posts: 6,634

no, that's Talga.
FGR downa notch or two, today
  Forum: By Share Code

nipper
Posted on: Jan 30 2020, 10:12 AM


Group: Member
Posts: 6,634

QUOTE
Highlights

• Strong operating quarter with A$3.3 million in cash receipts, representing 69% growth over prior corresponding period – the third-best quarter in the Company’s operating history. Adjusted December Quarter cash receipts of A$4.2m (including cash for work completed and invoiced but cash not yet received) are up +24% on September Quarter 2019, representing a record quarter for the Company
• Strong recurring revenue base, commencing FY20F with outlook for a minimum A$10m of recurring revenue (comprising services, BOO and chemicals/consumables sales)
• Strong FY20F outlook, comprising recurring revenue and equipment sales plus approx. A$1.0-1.5 million in contracted project revenues carried over from FY19
• Strong balance sheet, with cash balance of A$8.2 million as at 31 December 2019
• Strong Build, Own, Operate segment momentum, with contract signed with a multinational corporate customer in Singapore during the quarter which will contribute to further revenue growth in CY 2020
• Strategic bolt-on acquisition, with smooth integration of Geutec Industrie- und Abwassertechnik GmbH acquisition, marking the Company’s entry into the German industrial waste water treatment market, expanding the Company’s product range, presenting multiple cross-sell opportunities and providing a base for wider European market entry.
• Company uniquely positioned to capitalize on the industrial water and waste water treatment market opportunity through its integrated product and services offering, comprising its innovative portfolio of patented water treatment membrane technology, chemicals, consumables, services and BOO offer

- dribs and drabs, but doing better than I thought (strong is a bit strong, though)
  Forum: By Share Code

nipper
Posted on: Jan 30 2020, 07:57 AM


Group: Member
Posts: 6,634

It's happened
QUOTE
The European Parliament [has given] final approval to Britain's divorce from the European Union, paving the way for the country to quit the bloc on Friday after nearly half a century and delivering a major setback for European integration.

After an emotional debate during which several speakers shed tears on Wednesday (local time), EU politicians voted 621 for and 49 against the Brexit agreement sealed between Britain and the 27 other member states last October, more than three years since Britons voted out. Thirteen politicians abstained and the chamber then broke into a rendition of Auld Lang Syne, a traditional Scottish folk song of farewell.

Britain's 73 departing EU politicians headed for an "Au Revoir" party in the EU chamber after the vote.

Earlier in the day, Britain's ambassador to the EU handed documents formalising Brexit to a senior EU official. Against a backdrop of British and EU flags at the bloc's Brussels headquarters, Tim Barrow, smiling, passed over a dark blue leather file embossed with the emblem of the United Kingdom.

After protracted divorce talks, Britain will leave the club it joined in 1973 at midnight Brussels time on Friday, when British flags will be removed from EU offices and the EU flag lowered on the British premises

https://www.abc.net.au/news/2020-01-30/brex...eement/11912078
  Forum: Investment Discussion

nipper
Posted on: Jan 29 2020, 09:14 PM


Group: Member
Posts: 6,634

TWE hammered today, down 25% reporting poor US numbers. That and China looking shaky with lifestyle impacting coronavirus.

QUOTE
TWE is forecasting EBITS growth of 5% to 10% in FY20 compared to its previous 15% to 20% guidance range. It also revised its FY21 forecast growth to a 10% to 15% range in yesterday’s announcement
  Forum: By Share Code

nipper
Posted on: Jan 29 2020, 05:28 PM


Group: Member
Posts: 6,634

The headline says; New models indicate how Antarctica's largest glacier is approaching it's demise, but I'm not sure the article does

https://www-sciencealert-com.cdn.ampproject...hing-its-demise
  Forum: Off Topic Chat

nipper
Posted on: Jan 29 2020, 03:59 PM


Group: Member
Posts: 6,634

the company may need to come out with a statement like this if a Speeding Ticket comes:
QUOTE
FGR is not aware of any information, which has not been announced to the market, which would explain the [upward] price movement;

though there was an announcement about controlling graphene oxide surface oxidation levels, suggesting FGR could produce consistent graphene oxide material that can meet specifications and be suitable for a range of applications (which will need investigating).


There has been consistent buying in the last few days lifting SP from 14 to 20.5c today
  Forum: By Share Code

nipper
Posted on: Jan 29 2020, 11:33 AM


Group: Member
Posts: 6,634

Surely for fairness, she'd be "tennis great Margaret Court"?

But with virtue signallers, fairness is a one-way street.

Posted elsewhere
QUOTE
I propose that we demand a name change of Yankee stadium to African American Stadium to acknowledge the suppression and slavery imposed by white Americans on the blacks.

In other words, MYOB.
  Forum: Off Topic Chat

nipper
Posted on: Jan 28 2020, 02:05 PM


Group: Member
Posts: 6,634

Ask for a market, and what do you get?
.
.
...A market that works both ways.

https://www.abc.net.au/news/2020-01-28/sola...stment/11903706
  Forum: Macro Factors

nipper
Posted on: Jan 28 2020, 01:25 PM


Group: Member
Posts: 6,634

Oh I don't Know, Mick
QUOTE
....how quickly a real emergency puts the climate emergency back into its box
I was walking down Newtown's King St yesterday and some hectoring young woman had a placard about the CE, but she had the answer, an equally spurious one, offering courses in Marxism. One stop watermelon shop.
  Forum: Off Topic Chat

nipper
Posted on: Jan 28 2020, 10:22 AM


Group: Member
Posts: 6,634

Towns along the Barwon-Darling River system seek relief from brackish drinking water.

http://www.smh.com.au/nsw/regional-towns-t...53v28.html?btis
QUOTE
Towns along the dwindling Barwon-Darling River system, in the state's parched north-west, hope that mobile desalination plants will provide relief from brackish drinking water as the drought tightens its grip.

Some locals in the small outback towns of Brewarrina, Bourke and Walgett have resorted to using bottled water as their main source of drinking water, despite assurances from health authorities that the tap water, though extremely salty, is safe to drink.

Brewarrina, which sources its water supply from a weir on the Barwon River, will on Tuesday become the first of the three towns to switch on a desalination plant, which the council has borrowed from Tenterfield Council, more than 600 kilometres away.

Mayor Phillip O'Connor said the town's raw water supply was purified at the local treatment plant, but this process could not remove the high sodium content that resulted from the lack of inflow into the river system.

"The longer the river doesn't run, the saltier the water gets. The water is drinkable but it has got a bad taste to it," Cr O'Connor said.

The mobile plant, which was originally donated to Tenterfield council by charity Rural Aid, will filter the water from the treatment plant through a process of reverse osmosis. It has the capacity to provide up to 70,000 litres of drinking water a day.

However, the plant will not connect directly to Brewarrina's water supply, and will instead function as a refilling station, located in the town's Visitor Centre car park, where residents can bring containers and bottles to fill up and take back to their homes.

The Berejiklian government is spending $10 million to install similar desalination plants in Bourke and Walgett, but these will be attached to the towns' water supplies, meaning residents will be able to access the water directly from their taps.

Both towns are forced to rely on emergency bore water when their river supplies run low or cease, but testing has revealed higher sodium levels than those specified in the Australian Drinking Water Guidelines on aesthetic (taste) grounds.

Walgett, on the junction of the Namoi and Barwon rivers, has been surviving on emergency bore water for much of the plast three years. Bourke's supply, which is drawn from a weir on the Darling River, was boosted by 100 millimetres of rain in November, but without further replenishment it will be forced to switch to bore water in the coming months.

Bourke Shire Council general manager Ross Earl said the plant would have the capacity to generate as much as one megalitre of water a day, sufficient for the demands of Bourke's 1900 residents.

"That will be enough water to look after Bourke's needs," Mr Earl said. "All houses will be connected to the desalination supply."

NSW Water Minister Melinda Pavey said the government was also considering reverse osmosis plants for coastal communities, including Forster on the state's Mid North Coast
  Forum: Investment Discussion

nipper
Posted on: Jan 28 2020, 09:32 AM


Group: Member
Posts: 6,634

nothing like a bit of fear and panic. This week it's coronavirus with a twist.
The Chinese authorities don't seem to be handling it well. Censorship by the Party is only going to backfire.

Tell me what you think about this: https://www.youtube.com/watch?v=7OEqybiGdaA

ASX200 down 120, in the first half hour .... but CSL and Gold doing well
  Forum: Investment Discussion

nipper
Posted on: Jan 27 2020, 06:48 PM


Group: Member
Posts: 6,634

Blame it on the coronavirus
QUOTE
....on Monday, Japan's Nikkei 225 Index fell 1.96 per cent to 23,361 points and Wall Street was on track for a decline of 0.99 per cent for the S&P 500, and 1.3 per cent for the Nasdaq.

Futures for China's CSI 300 and CSI 500 indices warned of worse to come, down 3.6 per cent and 4.4 per cent respectively. Neither index is scheduled to trade until Friday, but Beijing has since extended the public holiday period to Sunday, and it's still unclear if this also applies to the market. Hong Kong's Hang Seng will resume on Wednesday.

Still playing out. Timing with the Lunar New Year holidays adds a complication, and further disruption to Chinese economy.
  Forum: Investment Discussion

nipper
Posted on: Jan 27 2020, 01:59 PM


Group: Member
Posts: 6,634

QUOTE
Olam Group, listed on the Singapore Stock Exchange and 53 per cent-owned by the Singapore government’s investment arm Temasek, grows and buys crops from 4.7 million farmers in 30 countries and is a world leader in the trade of nuts, spices, cotton, coffee, chocolate, sunflowers, soybeans, rice and dairy products.

It has a 24 per cent share of the cotton market in Australia, owns nine processing gins in northern NSW and Queensland through its subsidiary Queensland Cotton, runs 15,000ha of almond orchards at Robinvale, Victoria, and Darlington Point, NSW, and owns an almond processing plant near Mildura.

In early December, in Australia’s record biggest water trading deal, Olam sold 89 megalitres of its permanent annual irrigation water rights to Canadian superannuation fund PSP Investments for $490m in return for the right to use the water on its Robinvale almond plantations for the next 25 to 50 years. It booked a capital profit of $311m on the massive water deal.

Mr Verghese used his visit to Australia to defend the water trading system, which has faced attack from irrigators during the s drought as temporary water prices have soared above $1000 a megalitre, making it unaffordable for many family farmers.

Farmers have accused investors with no land to farm and no connection to Australian agriculture of speculating on water prices and holding back scarce water to manipulate soaring price rises...

https://www.theaustralian.com.au/business/a...abb5d5b7ef8a718

14% of Murray Darling water entitlements are held by investors.
  Forum: Investment Discussion

nipper
Posted on: Jan 25 2020, 08:56 AM


Group: Member
Posts: 6,634

I find nothing but confusion in the argument put by this contributor:

No Shortage Of Excellent Environmental Share Price Performances

https://www.sharecafe.com.au/2019/12/10/no-...e-performances/
QUOTE
Eco Investor classifies all seven [environmental] stocks as core securities and so their total shareholder return would be higher as they also pay dividends.

In alphabetical order the seven are: Contact Energy, Ingenia Communities Group, Mercury New Zealand, Meridian Energy, Qube Holdings, Reece, and Tassal. There are other core securities that could also have been included such as Bingo Industries, Duxton Water and Kathmandu.

....he goes on to bang on about ethical and environmental. But really, there's no logic or discussion of negative or positive screens, or why one company makes the cut but others don't. It's just trendy hijacking of buzz words.
  Forum: Off Topic Chat

nipper
Posted on: Jan 24 2020, 08:28 PM


Group: Member
Posts: 6,634

another one that is playing the eco-beneficial use of technology. Its still industrial, but needs are met as, importantly, are tightening legislative requirements to curb pollution.
QUOTE
Carbonxt Group Limited (CG1) is a cleantech company that develops and markets specialised Activated Carbon (AC) products, primarily focused on the capture of mercury and sulphur in industrial processes that emit substantial amounts of harmful air pollutants.

The Company produces and manufactures Powdered Activated Carbon and Activated Carbon pellets for use in industrial air purification, waste water treatment and other liquid and gas phase markets.

And a write-up by someone: https://www.livewiremarkets.com/wires/carbo...nflection-point
  Forum: By Share Code

nipper
Posted on: Jan 24 2020, 08:48 AM


Group: Member
Posts: 6,634

QUOTE
Following review of the DFS, Wesfarmers and SQM have agreed to undertake additional work which will result in the deferral of the final investment decision on the Lithium project to the first quarter of calendar year 2021.

Key actions include:
• conducting further work to optimise project design to reduce capital and operating costs
• exploring opportunities to improve utility and infrastructure solutions for the project
• investigating initiatives to further leverage WesCEF’s existing capabilities including by providing shared services and reducing operating costs
• ongoing discussions with key customers to ensure product specifications are aligned with continued changes in battery chemistry
  Forum: By Share Code

nipper
Posted on: Jan 23 2020, 06:01 PM


Group: Member
Posts: 6,634

there you go, being linear again
  Forum: Off Topic Chat

nipper
Posted on: Jan 23 2020, 09:58 AM


Group: Member
Posts: 6,634

"The beauty of demographics is that the future has already been written"

https://www.firstlinks.com.au/article/demog...8d8606-83781601
  Forum: Investment Discussion

nipper
Posted on: Jan 22 2020, 06:58 PM


Group: Member
Posts: 6,634

I do believe, sir, that it is 11c.

That is an observed reality, and here is another one. Never held MNS, and with a very low 'care factor' for what I see as obvious rampers, from both sides.

Really, how's some billion dollar pipe dream ever going to get up in Townsville, unless a stupid government subsidises it. Sadly, worse things have happened.

But the other side, also, is inane, prolix and underwhelming in terms of transparency, let alone intelligence.
GLTA
  Forum: By Share Code

nipper
Posted on: Jan 22 2020, 03:58 PM


Group: Member
Posts: 6,634

QUOTE
Most developed world cities started building skyscrapers after World War II. These buildings were International Style architecture, unrecognisable in terms of a particular locale, universal in terms of their ubiquitous metal, concrete, glass ... and fully air-conditioned. Now they are ageing, their use-by date is up and their balance sheet profitability no longer attracts..............

The construction industry is a main consumer of fuels, timber, steel and other metals, concrete and plastics. That demand drives the logging of forests, mining and extraction, leading to material production and transport that contributes to emissions and pollution.

The UK Green Building Council estimates the construction industry generates about 22 per cent of UK carbon emissions, uses 40 per cent of drinking water, ..... over half our landfill waste, and accounts for 39 per cent of global energy use

https://www.abc.net.au/news/2020-01-22/unbu...y-date/11886112

Mega cities => megaproblems. But urbanisation won't just stop.


Calix might be on to something with their LEILAC (Low Emissions Intensity Lime And Cement) technology, based upon Calix’s patented direct separation “calcination" kiln, and now in pilot plant phase in Europe.
  Forum: By Share Code

nipper
Posted on: Jan 22 2020, 11:46 AM


Group: Member
Posts: 6,634

Must be a newbie then, lol
  Forum: By Share Code

nipper
Posted on: Jan 21 2020, 07:49 PM


Group: Member
Posts: 6,634

I tend to agree, about the hijacking. This little spiel:
QUOTE
"As human populations grow and encroach on the natural habitats of other species through climate change, and as species move into areas where they have not encountered humans before, we do see these spillover effects".
is so much bulldust.

I remember a vet telling me, in SE Asia in the 1980's : "Humans, pigs and poultry (usually ducks) in southern Chinese villages are the perfect incubator situation", living as they do cheek and jowl. Nothing has changed, apart from the sophistication of the response. In those days, the flu viruses came with a H prefix, denoting Hong Kong which is where the new strains were first identifed.

This new coronavirus is another manifestation, the response is much quicker and sophisticated; why they're still looking for the transmission animal. But climate change. Naw; I don't think so (unless you're looking for funding)
  Forum: Off Topic Chat

nipper
Posted on: Jan 21 2020, 09:00 AM


Group: Member
Posts: 6,634

yep, trying to work out if there are any unique aspects that no other players have. Which I doubt.
  Forum: By Share Code

nipper
Posted on: Jan 20 2020, 09:37 AM


Group: Member
Posts: 6,634

AFI is ticking along, maintained dividend at 10c FF though reporting lower numbers this Half. But only because the last Annual report was boosted by corporate actions such as BHP and Rio buybacks and WES / Coles demerger;.
QUOTE
.. .also worth making some observations on the effect of the change in profile of the portfolio on AFIC’s more immediate income streams. The dividend cuts from three of the four major banks, combined with a reduction in the proportion of our portfolio in financials, has put a short term drag on our dividend income streams as many of our new investments have lower yields. We believe the move to stocks with a better growth profile should enhance the potential for dividend growth in the medium to long term, particularly as bank dividends are expected to remain stagnant.

As part of the move to build larger positions in quality companies with a strong competitive advantage, further shares were purchased in Goodman Group, Macquarie Group and CSL.

Major sales to fund these acquisitions included a small proportion of the holding in National Australia Bank (due to the exercise of call options through the six-month period at higher than current prices) and the complete sale of Perpetual, Boral, Orora, Link Administration, AMP and Iluka Resources. Dulux Group was sold because of a takeover.
  Forum: By Share Code

nipper
Posted on: Jan 20 2020, 07:20 AM


Group: Member
Posts: 6,634

QUOTE
Telstra shares are within striking distance of $4 a share after rallying 10 per cent since the start of the year. This is despite the fact that earnings per share and dividend per share estimates for both the 2020 and 2021 financial year have remained fairly static at around 20¢-21¢ a share and 16¢ a share respectively.

Yet despite the prospect of flattish earnings per share growth, investor enthusiasm for the stock has lifted its prospective price-earnings multiple to above 18 times from about 14 times a year ago, while the dividend yield has sunk to around 4 per cent from around 5.5 per cent.

This speaks to the attraction of yield – and the scramble to get it however you can – in an environment where the Australian 10-year bond is yielding 1.17 per cent.

It also speaks to the power of lower discount rates to plump the value of projected cash flows and justify higher stock valuations
  Forum: By Share Code

nipper
Posted on: Jan 20 2020, 07:04 AM


Group: Member
Posts: 6,634

QUOTE
record high

Spot palladium was 6.9 per cent higher at $US2,472.80 per ounce having earlier surged past the $US2,500 an ounce level to hit a record peak of $US2,537.06. The auto-catalyst metal was also pacing for its best week since December 2001, surging more than 16 per cent.

“This is a structural deficit market that has been brewing for years and we don’t really see an increase in supply on the horizon to quell that,” said Ryan McKay, a commodity strategist at TD Securities.

Palladium has constantly been breaking records, rising more than 50 per cent last year, on a sustained supply squeeze and expectations for stricter emission laws across the globe.
  Forum: Macro Factors

nipper
Posted on: Jan 18 2020, 05:19 PM


Group: Member
Posts: 6,634

Mr Tolpigin is banging on about the ' transformational qualities" of AV1

https://www.sharecafe.com.au/2020/01/14/is-...-for-adveritas/
QUOTE
In my original introductory note I discussed some of the various forms of fraud (click farms, bots etc) and how they operate, but here I want to spend more time covering the existing revenue of the business and put it into a global context so we can all understand where this business could be in a very short period of time...

QUOTE
..Adveritas is a $45 million company that has attracted key experienced and seasoned investors along with talented staff and well-connected board members, solving a near $100 billion problem for the biggest ad spending companies in the world. I haven’t even mentioned the potential use of TrafficGuard to help solve credit card fraud either.

This is a Company with enormous potential and the first time I introduced the story to readers back in October, AV1 was trading at 15c. Its now hovering around 20c, heading in the right direction and adding new contracts. This momentum at the business level and in the share price show that one is being reflective of the other. As my top pick for 2020, I can see levels towards 50c and beyond....

..and, your loyal subscribers with earlier knowledge have pushed it to 22-23c, already?
That's only double with 11 months and a Wall of Worry to go!?
  Forum: By Share Code

nipper
Posted on: Jan 18 2020, 08:32 AM


Group: Member
Posts: 6,634

Seems to be a lot of work going on) in antimicrobials. Here's another (that may take the wind out of the sails of others aspirants)

https://www.advancedsciencenews.com/lights-...ound-dressings/

QUOTE
Infections are a serious threat that can have fatal consequences, especially following surgery and during wound treatment. Biomimetic hydrogels with “built-in” antimicrobial properties can significantly decrease this danger.

In the journal Angewandte Chemie, scientists have now introduced a gel that is activated by red light to produce reactive oxygen compounds that effectively kill bacteria and fungi .....
  Forum: Investment Discussion

nipper
Posted on: Jan 17 2020, 08:41 AM


Group: Member
Posts: 6,634

QUOTE
Agriculture business Nufarm has slashed its earnings guidance for the half year, as it issued a warning on each of its key geographies.

The group last November warned that earnings were going to be challenged, but today quantified the hit, saying it expected earnings between $55m and $65m. Last year, the group posted earnings of $120.9m in the first half.

In the Australian and New Zealand market, Nufarm warned that extreme climatic conditions had significantly reduced sales, and while forecast rainfall had the potential to lift sales the segment would record a loss.

Further afield, Nufarm’s South American and North American business are under pressure from strong competition and weak demand for crop protection products respectively, while European sales are being squeezed by higher raw material costs.
  Forum: By Share Code

nipper
Posted on: Jan 16 2020, 05:53 PM


Group: Member
Posts: 6,634

Doing quite a bit of the heavy lifting

Today 16 Jan 2020, the S&P ASX200 passed 7000 points. ....Since 07 November, 2017, when the ASX crossed the 6000 point mark, CSL has risen 115.6 per cent, adding 277 points to the index while BHP has advanced 68 per cent, adding 200 points.
  Forum: By Share Code

nipper
Posted on: Jan 16 2020, 03:03 PM


Group: Member
Posts: 6,634

Interview by Alan Kohler with BAF head

https://omny.fm/shows/ceo-interviews/michae...ves-access-fund

It's 26 minutes long. Yes it's complex unwinding the prior setups and the complexity is challenging, yes the Wilson tie-up still looking a goer, yes the existing/ remaining assets are fundamentally solid but the lack of transparency is part of the sub NTA pricing issue.

Expect a name change, and a desire to employ the 30% cash now sitting there. Will have a new emphasis on Alternatives under a new team, no firesales, likely to let existing assets run, and to move into private debt and infrastructure. And remove the discount to NTA (somehow).
  Forum: By Share Code

nipper
Posted on: Jan 16 2020, 09:20 AM


Group: Member
Posts: 6,634

DJW dropped its dividend, from 10c to 8.75c. They did pay a 'special' last year before the election.

The stock might lose some of its "above NTA" gloss that comes from its enhanced yield, which is generated by options trading.

And the Half Yearly Report did carry this, which is code for 'expect no miracles': The use of options will typically reshape the profile of returns producing more immediate income at the expense of future capital growth.
  Forum: By Share Code

nipper
Posted on: Jan 16 2020, 09:09 AM


Group: Member
Posts: 6,634

well, CSL hit $300.00 soon after the opening bell this morning.
There was a quick retreat from there, almost to be expected. Mere observer sport, really, but something to write about
  Forum: By Share Code

nipper
Posted on: Jan 15 2020, 05:50 PM


Group: Member
Posts: 6,634

The eruption of Mt Pinatubo, in 1990, ejected more than 1 cubic mile (5 cubic kilometers) of material. The ash cloud from this climactic eruption rose 22 miles (35 kilometers) into the air. At lower altitudes, the ash was blown in all directions by the intense cyclonic winds of a coincidentally occurring typhoon, and winds at higher altitudes blew the ash southwestward, and satellites tracked the ash cloud several times around the globe.


Krakatoa in 1883 blasted out 25 cubic km of solid ejectamenta. Average Northern Hemisphere temperatures fell by 0.4 °C (0.72 °F) the following summer
  Forum: Off Topic Chat

nipper
Posted on: Jan 15 2020, 10:51 AM


Group: Member
Posts: 6,634

we are many ... but (what) have we learned? smile.gif


I do sell the duff ones, but not soon enough
  Forum: Investment Discussion

nipper
Posted on: Jan 15 2020, 09:48 AM


Group: Member
Posts: 6,634

Biotech sure is a sector the 'guns' like to short
QUOTE
The latest Bronte Capital letter says biotechnology stocks are a haven for stock market scammers and will remain an attractive hunting ground for its short selling strategies.]The letter says biotech stocks are like lottery tickets that “either result in a therapeutic drug and (maybe) a lot of money or it doesn’t".

"Almost everyone, including most of the experts, are shooting in the dark. Biotech offers promoters the chance to sell worthless or nearly worthless lottery tickets to gamblers.”

Bronte Capital says it has shorted hundreds of biotech stocks and in the process it has learned from its mistakes in order to improve its trading flexibility.

The letter describes a typical problem when shorting a biotech.

“The biotech that announced (overhyped) ‘positive’ results and raised money has:
a) gone up a lot (making it a better short),
b) has a freer borrow because more shares have been issued to the public (making it a better short) but
c) has also raised cash which will make it last longer before it goes to zero (making it a worse short),” the letter says.

"We are not even sure how to weight these factors even though we have a database of several hundred past biotech shorts. “As our systems get better, we wish to fine-tune all of this. It won’t change the big-picture mix in our portfolio ... but it should hopefully be able to increase our returns or reduce our risk".
  Forum: Investment Discussion

nipper
Posted on: Jan 15 2020, 09:33 AM


Group: Member
Posts: 6,634

MP1 popped 50c at open to above $11
  Forum: By Share Code

nipper
Posted on: Jan 15 2020, 01:03 AM


Group: Member
Posts: 6,634

QUOTE
... a change in sentiment has seen lithium miners share prices soar in 2020 – even though we are only 9 trading days into the year. The Galaxy Resources Limited (ASX: GXY) share price is up 24%, the Orocobre Limited (ASX: ORE) share price is up 34% and the Pilbara Minerals Ltd (ASX: PLS) share price is up 19%. Could the sector be coming back to life or is just another short-term bounce for lithium?

The lithium spot price has yet to make a positive turn despite increasingly bullish news from the electric vehicle market. Lithium carbonate and lithium hydroxide continued to falter towards the end of 2019. Asian seaborne battery-grade hydroxide prices fell by 50 cents in December to less than $10 per kg (compared to $15 per kg in December 2018), while lithium carbonate prices held steady.

European and US prices fell on competitive offers and slowing market activity. Domestic Chinese prices were unmoved with limited transitions as markets are winding down ahead of the Lunar New Year on January 25.

Without improving spot prices, lithium fundamentals will not materially improve and miners will continue to be reluctant to ramp up production..
  Forum: By Share Code

nipper
Posted on: Jan 14 2020, 09:06 PM


Group: Member
Posts: 6,634

QUOTE
BlackRock, the world's largest fund manager, is dumping more than half a billion dollars in thermal coal shares from all of its actively managed portfolios, as part of a more active global stance on climate change driven by chief executive Larry Fink.

The coal ban, which includes any company earning 25 per cent of its revenue from thermal coal, will apply to BlackRock's $US1.8 trillion ($2.6 trillion) in actively managed equity portfolios.

"Climate change has become a defining factor in companies’ long-term prospects," Mr Fink wrote.

It will not affect the balance of the fund manager's $US5.2 trillion in assets under management that are managed in passive exchange-traded and index funds.

But as part of a new sustainable investment policy, BlackRock will help clients screen out fossil fuels from passive portfolios


  Forum: Macro Factors

nipper
Posted on: Jan 14 2020, 07:46 PM


Group: Member
Posts: 6,634

QUOTE
Tesla shares leapt to a record high, putting a $US100 billion ($145 billion) market value for the car maker into sharper focus and putting short sellers in the spotlight.

"While Tesla has stumbled through growing pains, we believe the company has reached critical scale sufficient to support sustainable positive [free cash flow]," Oppenheimer & Co analyst Colin Rusch said in a report. Mr Rusch lifted his price target for Telsa's stock to $US612 - from $US385.

Shares in Telsa rose 9.8 per cent to $US524.86 in New York, lifting its market cap to $US94.6 billion. The stock has almost tripled since trading as low as $U176.99 in early June
  Forum: Investment Discussion

nipper
Posted on: Jan 14 2020, 04:35 PM


Group: Member
Posts: 6,634

CBR is now the code for Carbon Revolution Ltd
Listed in Nov 2019 at $2.60 and trading well, now $4.10 in mid Jan 2020
QUOTE
Carbon Revolution Limited (CBR) is an Australian-based advanced manufacturing company that designs, manufactures and markets single piece carbon fibre wheels. The Company's principal operations, which include its corporate office and manufacturing facilities, are located in Geelong.

Deakin University, which owns a 6.6 per cent stake in Carbon Revolution, is one of the biggest shareholders in the company. Deakin has been integral to the company's development through the university's materials science research and development arm.

Carbon Revolution's high-performance wheels are about 40 per cent lighter than normal wheels and its $90 million float was undertaken to raise funds to substantially lift production capability. The group supplies wheels to carmakers including Ford, Ferrari and Renault. Carbon Revolution is also developing carbon fibre wheels for aircraft that are 30 per cent ligher than the current forged aluminium wheels used in aviation.

The latest leasehold deal for the factory was signed in 2018 and stretches for 10 years. There is a right to renew for a further two five-year terms beyond that. Carbon Revolution pays an annual rent of $800,000.

Carbon Revolution has a number of permanent and contract personnel in North America and Europe, to service current and prospective OEM customers. Currently, there are over 380 full time equivalent personnel in the business. In Sept '19, it signed a strategic partnership deal with $35 billion Japanese trading giant Mitsui & Co to help pave the way for expansion into Asia.
  Forum: By Share Code

nipper
Posted on: Jan 14 2020, 11:36 AM


Group: Member
Posts: 6,634

And another one, likely IPO in Feb
Little Green Pharma Ltd

some waffle at: https://smallcaps.com.au/little-green-pharm...nnabis-exports/
  Forum: By Share Code

nipper
Posted on: Jan 13 2020, 08:02 PM


Group: Member
Posts: 6,634

yep, I remember him on CNBC when I lived in Europe, more than 20 yrs ago. he was retired, or is that 'retired', and globetrotting, then. He did make sense, when asked for a view (or, put another way, pretty silly to bet against him). A bit of a commodities bull, if I remember correctly.
  Forum: Investment Discussion

nipper
Posted on: Jan 13 2020, 10:55 AM


Group: Member
Posts: 6,634

QUOTE
Morgan Stanley believes the time is right to start to differentiate between the Australian supermarkets, after a stellar year for the share prices of both major operators in 2019. The broker upgraded Woolworths to equalweight from underweight and downgraded Coles to underweight from equalweight as part of its review of the sector. It lifted its price target on Woolworths to $36.50 from $28 and also lifted its price target on Coles to $13.50, from $13.

“In 2019 it paid to own both stocks,” Morgan Stanley said. “Both benefited from investors’ appetite for staples with a bias towards blue chip exposures not linked to financials.” "The return to earnings certainty and acceptable yield certainly assisted an appetite for investors to focus on a broader defensive bid for Australian equities regionally through 2019.”

Morgan Stanley said that it’s now looking for strategic execution as a differentiator between the companies. “Our valuations place Coles at a 20 per cent discount to Woolworths. This reflects our view that Woolworths is better positioned to leverage improved industry dynamics,” it said. “Conversely, for Coles we see greater scope for leverage leakage as it looks to build sales momentum.”
  Forum: By Share Code

nipper
Posted on: Jan 11 2020, 04:47 PM


Group: Member
Posts: 6,634

QUOTE
Central banks around the world will continue printing money as long as it’s necessary, says legendary investor Jim Rogers, calling it “madness.”

He talks to RT’s Boom Bust about the state of the global economy and what could be over the horizon. Never before in world history have interest rates been so low, Rogers says. The US’ central bank, the Fed, increased its balance sheet by over 500 percent in less than a decade. Japan’s central bank prints money and buys ETFs and bonds.

“These are astonishing statements and facts… this is insanity, that’s not how sound economic systems are supposed to work.” According to the trader, in 2008 we had problems because of too much debt.

However, “since then the debt has skyrocketed everywhere and it’s going higher and higher. We are going to have a horrible time when this all comes to an end.” “Eventually, the market is going to say: ‘We don’t want this, we don’t want to play this game anymore, and we don’t want your garbage paper anymore’,” Rodgers explained.

When that happens then central banks will print even more and buy even more assets.“And that’s when we will have very serious problems… We all are going to pay a horrible price someday but in the meantime it’s a lot of fun for a lot of people.
https://www-rt-com.cdn.ampproject.org/v/s/w...rrible-times%2F

Madness? Yes. Socially divisive? I'd think so.
  Forum: Investment Discussion

nipper
Posted on: Jan 10 2020, 04:00 PM


Group: Member
Posts: 6,634

Warwick Smith resigns as Director, late December. Share price has risen from 8c to 20c in January.


Kwinkydink halolha
  Forum: By Share Code

nipper
Posted on: Jan 10 2020, 10:26 AM


Group: Member
Posts: 6,634

Evolution said sections of the resource at Queensland's Mt Carlton mine were narrower than expected, and gold production in the year to June 30 would be about 27 per cent lower than previously expected as a result.

The cost of mining the gold will rise from less than $850 per ounce to between $1150 and $1225 per ounce this year.

down 6%
  Forum: By Share Code

nipper
Posted on: Jan 9 2020, 05:39 PM


Group: Member
Posts: 6,634

S&P/ASX All Ords Gold [XGD]

you could consider GDX. Management fee 0.53%pa, pays a distribution (but pretty skinny; about 1% yield). 30 gold miners in US, Canada, Aust and SAfrica VanEck Vectors Gold Miners ETF (GDX)

https://www.vaneck.com.au/funds/gdx/snapshot/

(and, interesting, a few months ago, had $100mill under management, now $197mill (must be some interest)
  Forum: Macro Factors

nipper
Posted on: Jan 9 2020, 04:10 PM


Group: Member
Posts: 6,634

thanks for that Mick.
I have one of those 'too good to be true' offers sitting around. Bin liner material. I like to control my own affairs. Didn't think their product range was out of the ordinary, nor cheap.
  Forum: Off Topic Chat

nipper
Posted on: Jan 9 2020, 10:48 AM


Group: Member
Posts: 6,634

I was looking for a press release about how BHP was putting out a tender for a complete new shipping fleet, fueled by LNG (I think) for, mainly, bulk carriers, and getting away from bunker oil and diesel. This would have an impact of accelerated obsolescence of existing fleets, I would suspect.
  Forum: Investment Discussion

nipper
Posted on: Jan 8 2020, 09:35 AM


Group: Member
Posts: 6,634

yep, gold and oil up, the rest down
Is it appropriate response? Waited until after the funeral.
But, proxies (militia?) or the real deal.
  Forum: Macro Factors

nipper
Posted on: Jan 7 2020, 06:24 PM


Group: Member
Posts: 6,634

QUOTE
An Australian mining company has agreed to a moratorium on new activities at a planned lithium mine in Nevada in exchange for conservationists dropping a lawsuit to protect a rare desert wildflower they say doesn’t exist anywhere else in the world.

The Centre for Biological Diversity filed notice in US District Court in Las Vegas on Friday that it was voluntarily withdrawing its lawsuit against the Trump administration seeking a ban on all drilling and road building at the site on federal land as a result of the newly-reached agreement with Ioneer USA Corp, owned by ASX-listed Ioneer.

The centre filed an emergency petition with the US Fish and Wildlife Service in October to list Tiehm’s buckwheat as an endangered species. The lawsuit filed weeks later accused the Bureau of Land Management of illegally dividing the mining operations into two separate projects so as to bypass its own regulations requiring a formal environmental review and public comment on any land disturbances larger than two hectares
  Forum: By Share Code

nipper
Posted on: Jan 7 2020, 03:18 PM


Group: Member
Posts: 6,634

Hiphopopotamus vs. Rhymenoceros ?
  Forum: Macro Factors

nipper
Posted on: Jan 7 2020, 01:34 PM


Group: Member
Posts: 6,634

QUOTE
PolyNovo has said previously that it does not intend to issue quarterly financial statements.

However, the Company would like to give shareholders a sense of the ramp up and direction of sales. Accordingly, we inform the market that in December the Company had its first two-million-dollar month. The first one-million-dollar month was announced 2 May 2019, which gives some feel for the acceleration of sales in the US, Australia and New Zealand.

• Revenue from NovoSorb BTM sales, unaudited, for the month of December 2019 were just over $2M compared with $890k December 2018 (134% increase)
• H1 NovoSorb BTM revenues, unaudited, were $8.57M compared to $3.75M H1 FY19 (129% increase)

PolyNovo’s CEO Paul Brennan said,” We are pleased with the sales trend. However, as a word of caution sales will continue to be lumpy as new sales staff are added and new territories opened up and because of natural disasters such as fires and volcanoes.

The expansion of the US sales team is adding to the sales momentum and we expect to see further acceleration of sales as a result of increased in-territory sales and the wider territory coverage coming from new staff hires. We are appointing more salespeople in the US to drive revenue and we are still actively recruiting.”
  Forum: By Share Code

nipper
Posted on: Jan 7 2020, 12:16 PM


Group: Member
Posts: 6,634

QUOTE
goldies bar
... a nugget smile.gif
  Forum: Macro Factors

nipper
Posted on: Jan 7 2020, 09:12 AM


Group: Member
Posts: 6,634

US traders remain cautious about rising tensions between the U.S. and Iran.

Gold touched its highest price in nearly seven years Monday as investors sought safety amid worries that rising U.S.-Iran tensions could lead to war. Gold settled at $1,566.20 per ounce, up $17, and it's climbed more than $40 since before Soleimani's killing.

and the AUD weakened, so most goldies had a good few days.
  Forum: Macro Factors

nipper
Posted on: Jan 6 2020, 06:22 PM


Group: Member
Posts: 6,634

Purifloh Limited (PO3, formerly Water Resources Group Limited) supplies and treats potable water for industrial and municipal applications primarily in Australia and the United States. The company specializes in water treatment technologies and services, including ground water treatment, desalination, and ozone production technology.

PO3 is also moving into the area of air cleaning, through Bluemist, which provide two separate product streams, being air purification and surface sterilisation.

(recent board changes and a rather scattershot approach to everything; sometimes this works for small cap outfits and sometimes the money is just frittered away)
(SP is closer to 12 month lows than highs. A few mill in the bank but that seems to 'flow' out the door quickly - down the drain ?)
  Forum: By Share Code

nipper
Posted on: Jan 6 2020, 06:06 PM


Group: Member
Posts: 6,634

one of the issues with recent bushfires is water quality, and whether the authorities (local and state) have the ability to deliver potable water to regional communities. While the Sydney situation is major and problematic, with fires surrounding Warragamba, many local and regional supplies are threatened.

https://www.waterquality.gov.au/issues/bushfires
but the funding will only come from Federal - one would hope this is part of the $2 bill package announced today.
QUOTE
Coordination, policy advice and funding assistance is .... provided by Australian Government agencies during and after bushfires.​

I think De.Mem DEM has the best ability to respond, as most of their business is Industrial Water Treatment Solutions, and often small interventions, while Puriflow PO3 is also well positioned
  Forum: Investment Discussion

nipper
Posted on: Jan 6 2020, 01:20 PM


Group: Member
Posts: 6,634

QUOTE
A research note out of Morgan Stanley suggests CSL shares could hit $290 over the next 12 months with a bull case valuation of $359. The key to the bull case valuation is the healthcare giant's Phase 3 trial drug candidate CSL 112 as a treatment for heart attack patients.

It has three potential "catalytic events" over the next 18 months according to the analysts.

Morgan Stanley is forecasting the group will deliver $US4.68 in earnings per share (EPS) over fiscal 2020 on revenue of US$9,129 million. For fiscal 2021 it expects EPS to climb to $US5.50 on revenue of $US10,231 million.

In total it's tipping growing immunoglobulin sales to help deliver a 3-year compound EPS annual growth rate of 13 per cent with fiscal 2020 "above or at the top end of guidance.
  Forum: By Share Code

nipper
Posted on: Jan 6 2020, 11:18 AM


Group: Member
Posts: 6,634

one state, New South Wales, has had fire rip through close to 80% of forest cover in its National Parks, it is estimated.The scale is truly horrendous.
  Forum: By Share Code

nipper
Posted on: Jan 6 2020, 11:05 AM


Group: Member
Posts: 6,634

QUOTE
iCetana was formed in 2009 to commercialise technology developed by researchers in the School of Electrical Engineering, Computing and Mathematical Sciences at Curtin University. The research and technology allows for the efficient analysis of very large data sets to identify anomalous activity and events outside normal patterns.

iCetana has successfully commercialised the technology by developing Artificial Intelligence (AI) assisted video surveillance software using machine learning techniques to provide automated real time anomalous event detection (iCetana Solution) for use cases including security, loss prevention, theft and health and safety. The iCetana Solution integrates with existing video surveillance systems or can be deployed to directly interface with surveillance camera feeds.
The software 'learns' activity patterns (not object or facial recognition) for fixed-field-of-view cameras and creates a model of 'normal' movement patterns and activity. After the learning phase, the software then reports anomalous or unusual movement patterns and activity in real-time, through a user interface that highlights those anomalous events and activity. Security operators, typically based in operations centres, can review the unusual events or activity and determine appropriate responses.

The Company has commercialised the iCetana Solution and as at the Prospectus Date has over 20 Active Customers with operations in over 35 locations supporting in excess of 10,000 video surveillance cameras globally.

- IPO in Dec 2019 at 20c. Now 19c
  Forum: By Share Code

nipper
Posted on: Jan 6 2020, 10:44 AM


Group: Member
Posts: 6,634

Here's an allied stock. Due to list Jan 2020
QUOTE
Emerald Clinics Limited EMD is an Australian incorporated company that operates a network of specialist medical clinics and uses purpose-built software and technology to gather high quality clinical data from informed and consenting patients.

Emerald is a clinical services and healthcare technology company focussed on the provision of care for patients clinically determined to have exhausted conventional therapies and who may be suitable for cannabinoid-based medicines. In addition, Emerald uses technology to capture clinical data that can be used to generate clinical evidence relating to the safety and efficacy of cannabinoid-based medicines.

Emerald has established four medical centres in Australia including one site each in West Leederville WA, Woolloomooloo NSW, Tintenbar NSW and Richmond VIC. Additional Clinics are planned across Australia within the next 12 months. Emerald is also considering the viability of expanding its operations to the United Kingdom
- could be an interesting niche player with growth prospects (and hopefully high margins)
  Forum: By Share Code

nipper
Posted on: Jan 5 2020, 01:31 PM


Group: Member
Posts: 6,634

when the crash comes! .... and these are ember attacks
  Forum: Investment Discussion

nipper
Posted on: Jan 5 2020, 07:45 AM


Group: Member
Posts: 6,634

This appeared on ABC News
QUOTE
Bureau of Meteorology, New South Wales

@BOM_NSW
Even though it shows on the raw feed on the web, any unusual data is also auto sent for quality checking. Yesterday this temp set off alarms. Seems Cabramurra AWS ended up between intense pyrocumulonimbus over a fire on one side & new ignitions on the other..& this is the result.

View image on Twitter

6:55 AM - Jan 5, 2020
returned a temperature of 69.8 degrees.
  Forum: Off Topic Chat

nipper
Posted on: Jan 4 2020, 09:16 PM


Group: Member
Posts: 6,634

Interesting summary of recent weather. Thanks.
  Forum: Off Topic Chat

nipper
Posted on: Jan 3 2020, 01:51 PM


Group: Member
Posts: 6,634

QUOTE
Dan Murphy's, which carved out a 30 per cent share of the $16 billion packaged liquor industry with a category killer format, is testing smaller stores to reach into previously inaccessible markets. Most of Dan Murphy's stores are between 800 and 900 square metres (sq m) but the retailer is opening stores half that size stocked with a highly curated range based on customers' online ratings.

The first 400sq m Dan Murphy's, a converted BWS bottle shop, opened at Elanora Heights in Sydney's northern beaches last month. The Elanora Heights store stocks only 2700 stock keeping units (SKUs)– almost half the 5000 SKUs at a typical Dan Murphy's big box store – but all the products have received an online rating of four or above by customers.

The ratings are displayed on electronic shelf-edge labels linked to Dan Murphy's web browser and are updated in real time, giving customers daily feedback on the most popular and top-selling wines, beers and spirits.

The scaled-back Dan Murphy's is one of three new formats being tested by Endeavour Drinks as part of a strategy to revitalise sales ahead of a merger with Woolworths' 75 per cent owned ALH hotel and gaming operations and a likely stock exchange listing next year.

After decades of strong growth, Dan Murphy's sales growth has slowed in recent years as consumers have opted for quality over quantity, while earnings have come under pressure as the retailer invests heavily in digital and delivery...

interesting it's a converted BWS (= expensive) site; vertical pricing works only so well. You'll find BWS near restaurants and what they sell is usually opened within 15 minutes!?
  Forum: By Share Code

nipper
Posted on: Jan 2 2020, 08:35 PM


Group: Member
Posts: 6,634

QUOTE
a US regulator said many ....products [ from buy now, pay later companies] should be treated as credit and accused ASX-listed Sezzle of engaging in illegal behaviour.

Shares in the payments company fell 20.8 per cent after its application for a licence to make loans under California Financing Law was rejected, slashing the share price to $1.66 from the previous session’s close of $2.09.

The State of California Department of Business Oversight on Monday evening took aim at the fledgling payments company, saying the firm had “designed its financing product to evade California and federal law” and was “structured to evade otherwise applicable consumer protections”.

Sezzle responded by putting out a statement before the market opened saying it would continue to operate in California and the US. It said its competitors had similar arrangements in place and that the company sees a path to resolution.
  Forum: By Share Code

nipper
Posted on: Dec 31 2019, 10:47 AM


Group: Member
Posts: 6,634

Late entrant (patent)

Tesla’s New Lithium-Ion Patent Brings Company Closer to Promised 1 Million-Mile Battery
https://www-forbes-com.cdn.ampproject.org/v...mile-battery%2F
  Forum: Investment Discussion

nipper
Posted on: Dec 30 2019, 04:32 PM


Group: Member
Posts: 6,634

QUOTE
• WHSP has an excellent track record of paying dividends and actively manages its portfolio to achieve its goal of paying a steady and increasing dividend over time.
• WHSP has increased both its interim dividend and final dividend every year since 2000.
• We are one of only two companies to do this of the 500 odd companies in the All Ordinaries Index.
• Total ordinary dividends have increased from 10 cents per share in the year 2000 to 58 cents this year.
• Dividends are declared based on the Company’s regular cash inflows less regular operating costs.
• This year we will pay out as dividends, 82% of the net regular cash inflows from operations.
  Forum: By Share Code

nipper
Posted on: Dec 30 2019, 02:52 PM


Group: Member
Posts: 6,634

QUOTE
another to see escrow periods lifted include $38.4m worth of shares in dairy interest Bubs that were issued in relation to the company’s $39m acquisition of Nulac Foods in 2017. The escrow restrictions on the Nulac shares were lifted on 20 December.
  Forum: By Share Code

nipper
Posted on: Dec 30 2019, 02:48 PM


Group: Member
Posts: 6,634

... there's a potential overhang for BIN as it pushes record highs ....
QUOTE
some $54m worth of shares in Bingo Industries ... came out of voluntary escrow on Christmas Eve.

These shares are held by major Bingo shareholder Ian Malouf, who was given a 12 per cent stake in Bingo as payment for the acquisition of his Dial A Dump Industries and will see his stake progressively unlocked. “Shares held directly by Mr Malouf are subject to escrow over four equal tranches to be released nine, 12, 18 and 24 months post-completion (of Dial a Dump merger),” Bingo said in a statement.

The release of 18.5 million shares on 24 December represented tranche one, the waste company added..
  Forum: By Share Code

nipper
Posted on: Dec 30 2019, 09:37 AM


Group: Member
Posts: 6,634

Heart-stopper: CSL's $800m heart attack trial
As far as investments go, CSL Limited's $800 million all-or-nothing bet on a treatment to stop recurrent cardiovascular events is a heart-stopper.

http://www.smh.com.au/business/heart-stopp...53iog.html?btis
  Forum: By Share Code

nipper
Posted on: Dec 28 2019, 07:13 PM


Group: Member
Posts: 6,634

Yeah, thx .... When the Chairman says:
QUOTE
The bottom line of this is that funding from NAIF would significantly boost Coburn’s ability to attract the remaining project funding on competitive terms.

Strandline is now progressing the financing process and commercial discussions in order to firm-up investment proposals
I tend to read " desperation" or, at the very least, borderline.
  Forum: By Share Code

nipper
Posted on: Dec 28 2019, 05:52 PM


Group: Member
Posts: 6,634

QUOTE
Strandline Resources Limited (ASX: STA) is an emerging heavy mineral sands (HMS) developer with a growing portfolio of 100%-owned development assets located in Western Australia and within the world’s major zircon and titanium producing corridor in South East Africa.

Strandline’s strategy is to develop and operate quality, high margin, expandable mining assets with market differentiation and global relevance.

Strandline’s project portfolio contains high quality assets which offer a range of development options and timelines, geographic diversity and scalability. They include two zircon-titanium rich, ‘development ready’ projects, being the Fungoni Project in Tanzania and the large Coburn Project in Western Australia, as well as a series of titanium dominated exploration targets spread along 350km of highly prospective Tanzanian coastline, including the advanced and large scale Tajiri Project in northern Tanzania.

and close to getting NAIF money for Coburn.
  Forum: By Share Code

nipper
Posted on: Dec 28 2019, 01:05 PM


Group: Member
Posts: 6,634

Meanwhile, Rivian has raised serious money for their EV truck
QUOTE
More than 250,000 people are reported to have put down a $150 holding deposit on the Cybertruck, which Tesla says will enter production in 2021. If successful, the Tesla pick-up could put a sizeable dent in the profits of Ford and General Motors, who between them sell roughly 1.5 million pick-ups a year.

But while Ford and General Motors are scrambling to beat Tesla to the punch with an electric truck, a Michigan start-up is fast gaining ground on all three. Earlier this week, Rivian announced it had raised another $US1.3 billion ($1.87 billion) in funding for its R1T pick-up and R1S SUV. That brings the total funding it has raised this year to more than $4 billion


https://amp-news-com-au.cdn.ampproject.org/...5f1f5bdbe23bbeb
  Forum: Investment Discussion

nipper
Posted on: Dec 27 2019, 07:28 PM


Group: Member
Posts: 6,634

QUOTE
REA Group Limited (ASX: REA)

REA is hardly a household name, but I’m sure most people in Australia have heard of its flagship website platform realestate.com.au. This company has benefitted enormously from the boom in property prices over the past decade, but I feel confident that the company is now big (and wide) enough to profit in any market conditions. Its diversification into the home loan and property data segments is also a very welcome one, in my view.

REA is also a dividend growth beast – increasing its shareholder payouts from 36.5 cents per share in 2013 to $1.18 per share this year. That translates to a compound annual growth rate of 21.6%. Again, at this rate (if continued) it would only take a few years before you would be getting a sizeable chunk of your initial REA investment back each year in dividend form.
Motley Fool
  Forum: By Share Code

nipper
Posted on: Dec 27 2019, 10:26 AM


Group: Member
Posts: 6,634

QUOTE
India is on track to overtake ­Germany as the world’s fourth-largest economy by 2026, dumping all leading European economies out of the top flight as Asia continues its remarkable rise.

The forecast from the Centre for Economic and Business Research­ in its World Economic League table 2020 underscores the change in the world’s power dynamics this millennium.

In 2004, Germany, Britain and France were the third-, fourth- and fifth-largest economies after the US and Japan. Since then, China has raced into second place behind the US and India has overtaken Britain and France.

By 2026, the US will be the lone [dominant] Western power, .... the centre predicts

https://cebr.com/about-cebr/welt-2020/

https://www.theaustralian.com.au/world/the-...971c5d558114680
  Forum: Investment Discussion

nipper
Posted on: Dec 27 2019, 08:27 AM


Group: Member
Posts: 6,634

The Last Battery Breakthrough for 2019 (we promise)

https://cleantechnica-com.cdn.ampproject.or...9-we-promise%2F
  Forum: Investment Discussion

nipper
Posted on: Dec 26 2019, 03:03 PM


Group: Member
Posts: 6,634

QUOTE
"This initial acquisition significantly improves the funds from operations (FFO) yield of the fund against the fund’s product disclosure statement (PDS) forecast as a result of the opportunity to fund the acquisition with debt, on attractive terms, whilst maintaining ECF’s conservative gearing of approximately 36 per cent."

This is a quote from the recently listed Eleanor Commercial Property Trust (ECF). Now it's buying an A grade Canberra office, with a lease of Govt department till 2024. I'd be happy to put some money on
a) an empty building at lease expiry,
b) an evaporation of the headline 9% yield around the same time
C) a whoops moment when " conservative gearing of 36%" leads to closing for redemption, reval of assets , new Cap rates and rather embarrassed unit holders when the interest cycle turns.

Meanwhile, management has taken its clip. Then the assets will be sold at distressed prices to a new outfit. Wash, rinse, repeat.
  Forum: Investment Discussion

nipper
Posted on: Dec 26 2019, 07:22 AM


Group: Member
Posts: 6,634

QUOTE
Industrial hemp and medicinal cannabis business Elixinol Global is now down 90 per since April 2019 when shares hit $5.93 on a valuation around $740 million.

The stock changed hands for just 51¢ this morning as problems mount up globally for the company. In the US it's facing a potential class action lawsuit alleging that it mislabelled its products as dietary supplements, while it also admitted Elixinol Japan had sold non-compliant hemp-derived products.

For the nine months to September 30, it posted an operating cash loss of $11.4 million on sales of $40.7 million, with $34.3 million in cash on hand. The former market darling is forecasting estimated cash outflows (before sales) of $24.2 million over the quarter to 31 Dec.
  Forum: By Share Code

nipper
Posted on: Dec 24 2019, 04:43 PM


Group: Member
Posts: 6,634

QUOTE
Ellex Medical Lasers agreed to sell its lasers and ultrasound business to France's Lumibard Group for $100 million.

The deal is priced at 10.5 times the acquired group's 2018-19 net EBITDA of $9.5 million and 1.5 times revenue of $65.5 million.

Post transaction, Ellex will be debt-free and will be primarily focused on devices to treat glaucoma in a growing, underpenetrated global market and 2RT for macular degeneration.
  Forum: By Share Code

nipper
Posted on: Dec 24 2019, 04:41 PM


Group: Member
Posts: 6,634

QUOTE
Amongst the small cap movers, Medical Developments International climbed 5.4 per cent to a 52-week high of $7.86.

The comany behind the 'green whistle' pain-relieving medical device has now gained 50 per cent in 2019.
  Forum: By Share Code

nipper
Posted on: Dec 24 2019, 11:10 AM


Group: Member
Posts: 6,634

QUOTE
Tesla shares traded above $US420 on Monday, more than a year after Elon Musk tweeted he had "funding secured" to take the electric car maker private at that price, only to later give up under investor pressure and regulatory concerns.

In recent months, Tesla's shares have had a run of good fortune on the back of a rare quarterly profit reported in October, news of production ramp-up in its China factory and upbeat early deposits for its recently launched electric pickup truck. Orders for the company's Cybertruck have reached close to the record set by its Model 3 sedans in 2016.

"Whoa … the stock is so high lol," Musk tweeted on Monday....

The number 420 is closely associated with marijuana as a slang for the consumption of cannabis. It also refers to cannabis-related celebrations that take place annually on April 20.
dope... so high , can't get over it?
  Forum: Investment Discussion

nipper
Posted on: Dec 24 2019, 09:08 AM


Group: Member
Posts: 6,634

Europe expansion a possibility
QUOTE
...signed a share purchase agreement to acquire 100% of eZ-nergy, a French company selling Software as a Service to utility customers across Europe.

eZ-nergy is a well-established profitable company and on completion of the transaction will be earnings accretive. The total purchase price of €4million will be funded using bank debt and equity. Equity (equal to €500k) will be issued to the vendors and consideration is being given to a small capital raise depending on debt sizing.

In its first full financial year post consolidation Energy One expects eZ-nergy to contribute approximately AUD$4 million additional revenue and AUD$1.3 million EBITDA before any consolidation benefits and synergies that may arise. One-off costs associated with the acquisition will be booked in the first half FY20.

Established in 2013 by its three founders, eZ-nergy is headquartered in Paris, France with 44 market customers in 8 countries and a staff of 18. The software developed by eZ-nergy is written in the same language as Contigo’s software and the two product-sets are highly complementary and will allow Energy One to immediately extend its geographic presence into Europe.

Following the acquisition EOL will have 250 customer installations in 18 countries. Operationally the eZ-nergy and Contigo businesses will be integrated to leverage not only sales and marketing resources but also technical resources. The two businesses have customers in common
. Up 20c
  Forum: By Share Code

nipper
Posted on: Dec 23 2019, 06:57 PM


Group: Member
Posts: 6,634

QUOTE
And appearing on CommSec* monthly review

https://www.commsec.com.au/market-news/exec...pharma-cuv.html

*Aust biggest retail broker
  Forum: By Share Code

nipper
Posted on: Dec 21 2019, 12:28 PM


Group: Member
Posts: 6,634

and, ...
QUOTE
All the research and development comes at a serious cost though, and for the nine months ending September 30 it posted an operating cash loss of $US9.1 million ($13.2 million) on sales of just $US2.86 million. The balance sheet is in reasonable shape with $US20.3 million cash on hand as at September 30.

... it normally partners with third parties to distribute its products, as that allows it to access global networks without the heavy sales and marketing costs....

Next Science is forecasting cash outflows before sales of US$5.07 million for the December quarter and is due to hand in its first full-year report as a public company in February
  Forum: By Share Code

nipper
Posted on: Dec 21 2019, 06:43 AM


Group: Member
Posts: 6,634

The Psychedelic Renaissance

... a fair synopsis (although a bit foggy), and wishful thinking by someone

https://www.sharecafe.com.au/2019/12/20/a-p...ic-renaissance/

but as for this!!
QUOTE
Many microdosers come from the San Francisco area with the typical profile being an “übersmart twentysomething” curious to see whether microdosing will help him or her work through technical problems and become more innovative
  Forum: By Share Code

nipper
Posted on: Dec 21 2019, 06:11 AM


Group: Member
Posts: 6,634

Very keen on MWR:

https://www.sharecafe.com.au/2019/12/19/202...-2019-picks-go/
  Forum: By Share Code

nipper
Posted on: Dec 20 2019, 01:35 PM


Group: Member
Posts: 6,634

QUOTE
Next Science climbed 6 per cent ...
... yes, but that was to $1.84. It was $4 in July.
  Forum: By Share Code

nipper
Posted on: Dec 20 2019, 12:08 PM


Group: Member
Posts: 6,634

QUOTE
Next Science climbed 6 per cent on Thursday after it revealed a five-year deal to have its TorrentX Wash Wound product distributed in the US by Tennessee-based Triad Life Sciences.

Founded in 2012 Next Science has patented medical technology named Xbio that attacks and kills bacterial surfaces known as biofilms.

The group's products are generally used as a topical application by surgeons or medical professionals to treat or wash patients' wounds in the operating theatre or on a post-operative basis. The aim is to prevent unwanted bacterial infections common to hospitals such as MRSA (Golden Staph) and E.coli or Staphylococcus.

Including TorrentX Wash Wound, the company has four products approved for commercial sale in the lucrative US healthcare market. Most of its sales currently come from its BlastX surgical wash and Bactisure wound gel. It expects to have another four products approved in the US or Europe over the course of 2020. These include washes or disinfectants for sinusitis, chronic ear infections, or general surgical procedures
  Forum: By Share Code

nipper
Posted on: Dec 20 2019, 11:01 AM


Group: Member
Posts: 6,634

QUOTE
The company behind Oz Lotto and Powerball, Jumbo Interactive, is forecasting net profit around $14.3 million on revenue of $37.8 million for the half year ending December 31, 2019.

Net profit growth around 13 per cent is tipped to come in lower than revenue growth around 24 per cent as acquisition and business development costs hit the bottom line.

Total transaction value or the sum of all tickets sold is forecast to climb 27 per cent to $187.6 million, with management sticking to a target of $1 billion in sales by 2022. Over the half 23 lucky ticket holders are expected to claim jackpots of $15 million or more.

.... But ...
QUOTE
Jumbo Interactive has fallen 9 per cent to a six-month low of $16.88 after it told investors rising costs would hit its bottom line for H1 FY 2020. Its EBITDA margin is expected to fall 2.8 per cent to 60.1 per cent for H1 FY 2020 compared to 63.9 per cent in the prior corresponding half.
  Forum: By Share Code

nipper
Posted on: Dec 20 2019, 10:41 AM


Group: Member
Posts: 6,634

QUOTE
Shares in New Hope have been halted ahead of the open, pending a decision on a court appeal. The company is defending an appeal from Wiggins Island Coal Export Terminal that it was not bound by a deed of cross guarantee, what would cost the miner as much as $130m.

NHC shares last traded at $2.09.
seems the lawyers are quite active.
risks abound
  Forum: By Share Code

nipper
Posted on: Dec 19 2019, 09:19 PM


Group: Member
Posts: 6,634

Just sold engineering biz to Acciona.

Amongst the write downs, were mentioned:
QUOTE
It blamed the write-downs on lower productivity on its NorthConnex project for Transurban, "excessive wet weather", and access issues and remedial work due to defective design on other projects

pretty sure there's a national drought (emergency) happening. !!!
  Forum: By Share Code

nipper
Posted on: Dec 19 2019, 11:41 AM


Group: Member
Posts: 6,634

QUOTE
Tyro Payments shares surged on the fintech’s ASX debut ...., signalling a return of confidence in the stalled initial public offer market, while delivering a multi-million-dollar windfall to a string of high-profile backers.

The tech payments company emerged with a valuation of $1.37bn after raising $287.2m from investors. After selling shares at $2.75 each, Tyro hit a peak of $3.55 at the open before easing to close at $3.38, capping off the biggest public float of 2019.

The bookbuild was strongly supported by institutional investors. Woolworths boss Brad Banducci and Atlassian co-founder and co-CEO Mike Cannon-Brookes are among Tyro’s top 20 investors.

Mr Banducci, whose stake was valued at $18.6m on Friday, served as the company’s chief financial officer, a director and later as a non-executive director before joining Woolworths. Mr Cannon-Brookes’ Grok Ventures is the largest shareholder in Tyro, with a 12.74 per cent stake, worth $174m.

Other notable shareholders include taxi booking and payments company ingogo’s CEO Garry Duursma, tech investor Danita Lowes and Tyro’s long-serving former CEO Jost Stollman
. made 3.60, and now trading around 3.40.[i]


QUOTE
Tyro is a payments-solution to retailers. The company services retailers, hospitality, and medical centres, and with 51,000 outlets, it transacts $17 billion annually, or 10% market share.

The benefit to the consumer is that it is highly reliable, has extra functionality (e.g.: splitting bills or adding tips), incorporates Alipay and Zip, and is fully integrated with the point of sale. Analyst Jun Bei sees further verticals being added in time, and flagged a move into travel.
  Forum: By Share Code

nipper
Posted on: Dec 19 2019, 11:23 AM


Group: Member
Posts: 6,634

thought I'd look that one up (if only to confirm my own prejudices)
QUOTE
A gamma neutral portfolio (a method of managing risk in options trading by establishing an asset portfolio whose delta rate of change is zero), can be created by taking positions with offsetting deltas. This helps to reduce variations due to changing market prices and conditions.
A gamma neutral portfolio is still subject to risk, however. For example, if the assumptions used to establish the portfolio turns out to be incorrect, a position that is supposed to be neutral may turn out to be risky. Furthermore, the position has to be rebalanced as prices change and time passes.

- last time I looked, prices change and time passes. So, it's not the magic bullet
  Forum: Investment Discussion

nipper
Posted on: Dec 19 2019, 09:58 AM


Group: Member
Posts: 6,634

QUOTE
With CSL having come out of the CSIRO stable
no it didn't, you copralitic dufus.

Maybe it was Credit Suisse?
  Forum: By Share Code

nipper
Posted on: Dec 19 2019, 08:28 AM


Group: Member
Posts: 6,634

From the Department of Industry, Innovation and Science
QUOTE
Iron ore sales are expected to deliver $84bn in export revenue to Australia this financial year, falling to $65.5bn in 2020-21, despite a likely lift in export volumes in the period. That means iron ore has maintained its status as Australia’s most valuable, tipped to beat combined metallurgical and thermal coal sales — worth $56.4bn in 2019-20 and $54.4bn the following year — at a canter.

Gold is tipped to bring in $27.8bn this financial year — a fresh record — against $20.8bn for thermal coal, and $25.9bn the following period, compared to $18.8bn. In the 2018-19 financial year thermal coal sales were worth $26bn, against $18.7bn worth of gold sold. And with gold price still comfortably above $2100 an ounce in local currency terms, the rush of exploration money into the sector, and a projected lift in production, could make Australia “the world’s largest gold producer by the mid-2020s”, the report says.

“Forward expectations suggest that mining companies generally expect investment over 2019–20 to lift by about 15 per cent, to an estimated $38 billion for the year. Actual spending for the September quarter 2019 — the first quarter of the 2019–20 financial year — is trending slightly above what previous estimates suggested,” the report says. “However, investment remains well below its recent peak of $95bn at the height of the LNG boom in 2012–13.”

https://www.theaustralian.com.au/business/m...26246265ffcb30b
  Forum: Macro Factors

nipper
Posted on: Dec 18 2019, 08:54 PM


Group: Member
Posts: 6,634

QUOTE
Platts survey of iron ore industry players showed most expected a range of between $US70 and $US80 a tonne (including freight) next year compared to recent spot prices above $US90 a tonne. The spot shipping rate from Western Australia to Qingdao is just over $US8 a tonne.

The survey showed 80 per cent of respondents expect higher imports by China's steel mills.

Longer term concerns about "peak steel" have been downplayed by HSBC chief economist Paul Bloxham, who highlights that China has defied forecasts – so far – for a peak in output.

Even assuming China's steel intensity pulls back over the next decade, growing demand from India, Indonesia, Brazil and the infrastructure-heavy focus of China's Belt and Road initiative mean peak steel is unlikely before 2030...
  Forum: Macro Factors

nipper
Posted on: Dec 18 2019, 02:35 PM


Group: Member
Posts: 6,634

Boards of both Noxopharm Ltd (ASX:NOX) and Nyrada Inc are pleased to announce that commitments for the Maximum Subscription of $8,500,000 for the Nyrada Initial Public Offer (IPO) have been received.

The Company has been advised by the Lead Manager, Alto Capital, that the IPO Offer has been fully allocated and final reconciliation of funds are underway with formal closure of the Offer expected before Christmas. Nyrada can confirm that the Minimum Subscription of $7,000,000 has been received and is being held in trust.

Nyrada currently is in discussions with the ASX regarding confirmation of conditional approval requirements, however notes that further to recent ASX correspondence, conditional approval and an ASX listing of Nyrada is now expected in January 2020.

QUOTE
Nyrada is a U.S.-incorporated company established by Noxopharm in 2017 for the purpose of developing drugs across the three areas of cardiovascular, neurological and inflammatory diseases and disorders.
  Forum: By Share Code

nipper
Posted on: Dec 18 2019, 02:13 PM


Group: Member
Posts: 6,634

QUOTE
In 2017, IVL, the Swedish Environmental Research Institute, issued a report saying the manufacture of lithium-ion batteries was responsible for 200 kilograms of carbon dioxide emissions for every kilowatt-hour produced. That figure has been seized upon by fossil fuel advocates as proof that electric cars are not nearly as “green” as electric vehicle advocates say they are.

This month, IVL updated its findings from 2017 in light of current experience and found carbon emissions from making lithium-ion batteries are much lower today than they were two years ago. The biggest factor in the decline in emissions is the source of electricity used in the manufacturing process. Today, carbon emissions from battery manufacture range from a low of 61 kilograms per kilowatt-hour to a high of 106 kilograms per kilowatt-hour...

https://cleantechnica.com/2019/12/16/latest...-two-years-ago/
  Forum: Investment Discussion

nipper
Posted on: Dec 18 2019, 02:07 PM


Group: Member
Posts: 6,634

Well, folks, the " East coast gas crisis " has morphed into the E Coast gas glut. All those rent seeking companies threatening to move offshore unless guaranteed supplies and prices were delivered, can buy on-market at competitive prices. Amazing what price signalling achieves.
QUOTE
East coast gas buyers are revelling in the softening of prices over the past few months but remain concerned it may turn out to be short-lived depending on the rate of decline of fields in Bass Strait and demand for gas for power generation. Spot prices for gas dropped in November to their lowest average in 13 months as 2019 heads for a potential 10-year high in east coast production, according to JPMorgan...


In other news, reticulated household gas networks may have peaked. Some councils are discouraging natural gas for heating:
https://www-domain-com-au.cdn.ampproject.or...hange-917526%2F

The ACT is planning territory wide controls. ...not sure how it will work during a Canberra winter in some houses, but hey...!!
  Forum: Investment Discussion

nipper
Posted on: Dec 17 2019, 01:10 PM


Group: Member
Posts: 6,634

and for Stavely and most exploration outfits, a steady retreat on the market; now 93c, after the initial break-out earlier this year.

With more drilling, news is still good but, as timelines lengthen and more is learned, the early money has found an exit.... and then the new and probably fickle holders become impatient, or stale:
QUOTE
"Ongoing drilling along the Ultramafic Contact Fault continues to deliver strong copper-gold-silver mineralisation over significant widths, including a number of narrower high-grade intervals, at shallow depths.

As we’ve noted previously, widths and grades vary as the structure pinches and swells but the consistency of the mineralisation is notable – particularly as we have now intersected mineralisation in hole SMD067, which extends the overall strike length of the discovery to around 700m. ..."
  Forum: By Share Code

nipper
Posted on: Dec 17 2019, 09:13 AM


Group: Member
Posts: 6,634

Mick, still piling into Repo
QUOTE
Federal Reserve Bank of New York's operation to inject cash into the financial system over the end of the year was oversubscribed on Monday, an indication that demand for funding through the beginning of 2020 remains ravenous.

Primary dealers submitted $US54.25 billion in bids for the Fed's 32-day term repo operation, which matures January 17. That was more than the $US50 billion on offer. This is the fourth term offering that is providing funding past the year-end period.

thx for highlighting; definitely something to watch.
  Forum: Investment Discussion

nipper
Posted on: Dec 17 2019, 09:05 AM


Group: Member
Posts: 6,634

QUOTE
Africa, the new Asia....
and if each can be persuaded to add an inch to their trousers, why, the mills of Bradford will run day and night..
  Forum: Off Topic Chat

nipper
Posted on: Dec 17 2019, 05:30 AM


Group: Member
Posts: 6,634

QUOTE
In its third-best day this year, the benchmark S&P/ASX 200 share index rose 110 points or 1.6 per cent to 6849.7, almost matching a 1.7 per cent rise after the federal election in May.

Helped by a softening US trade policy toward China which unleashed pent-up demand, the sharemarket closed just below the record high reached last month.
, Other news adding to the narrative; expectations grew of additional interest rate cuts and possible quantitative easing after a subdued growth outlook in the government’s budget update, down to 2.25%, from 2.75%, in 2020

  Forum: Investment Discussion

nipper
Posted on: Dec 16 2019, 07:24 PM


Group: Member
Posts: 6,634

Good News for the Australian Film Industry

A sequel to the award-winning "Silence of the Lambs" is to be made locally. Retired boxer Jeff Fenech is the surprise director, and the putative title is "Shut up, ewes".
  Forum: Off Topic Chat

nipper
Posted on: Dec 16 2019, 02:35 PM


Group: Member
Posts: 6,634

well, something's driving markets. ASX200 up 115 !!
  Forum: Investment Discussion

nipper
Posted on: Dec 16 2019, 08:21 AM


Group: Member
Posts: 6,634

Madagascar graphite now.

Looking for money, a Capital Note doing the rounds.
  Forum: By Share Code

nipper
Posted on: Dec 15 2019, 08:11 PM


Group: Member
Posts: 6,634

Batteries: beyond Lithium

https://www.scientificamerican.com/custom-m...beyond-lithium/
QUOTE
If green energy is ever to supplant fossil fuels, portable power needs to become more efficient and cheaper.

Yet as electronic goods become both more powerful and smaller, batteries are struggling to keep pace. In large part, that’s because it’s increasingly difficult to pack ever more energy into lightweight lithium-ion batteries while also making them less expensive....
.
  Forum: Investment Discussion

nipper
Posted on: Dec 15 2019, 07:10 PM


Group: Member
Posts: 6,634

QUOTE
[Construction of] the world's first liquefied hydrogen carrier has [started] at a shipyard in Japan, a small step towards tapping the carbon-free energy potential of the lightest element.

Kawasaki Heavy Industries christened the tanker Suiso Frontier during a ceremony at the Kobe Works yard on Wednesday. The ship will be used for technology demonstration to establish an international hydrogen energy supply chain, Kawasaki said in a press release, by shipping the fuel from Australia to Japan. Construction is expected to be complete by late 2020

https://www.afr.com/companies/transport/wor...20191213-p53jla
  Forum: By Share Code

nipper
Posted on: Dec 15 2019, 06:48 PM


Group: Member
Posts: 6,634

soaking up capital
.
QUOTE
• Received commitments for more than $5m from leading strategic and institutional investors through a placement of ordinary equity at $0.25 per share
• Welcomes water sector investment specialist Pathfinder Asset Management from Auckland, New Zealand ( a specialist ethical (Environment, Social, Governance) funds manager) as strategic, value-adding investor
• The additional capital is primarily intended to fund the expansion of the Company’s Build, Own, Operate and services segment
  Forum: By Share Code

nipper
Posted on: Dec 14 2019, 08:06 PM


Group: Member
Posts: 6,634

Haven't seen any mention yet of either AVH or PNV relating to NZ 🌋. It's all conventional grafting, to date
QUOTE
...AVH boss Mike Perry says its single-use device is revolutionising care for serious burns patients as the company eyes adjacent areas to use the unique Australian-made technology.

The regenerative medicine company's Recell "spray-on skin" product was developed in Perth by Professor Fiona Wood. It aims to address unmet need in therapeutic skin restoration for adults, where patients would traditionally have to receive painful skin grafts.

why would this be so?
  Forum: By Share Code

nipper
Posted on: Dec 14 2019, 12:53 PM


Group: Member
Posts: 6,634

Recent plant based protein has gained momentum recently and taken market share from animal protein, for a variety of reasons.

Next cab off the rank is likely to be marine sourced protein substitution. Aquaculture has been there matching demand as supply from pelagic sources becomes more expensive and harder to find. But now food technologists are looking at the 200+ fish and other seafood types (animal protein has 30 sources/ tastes at max).

How this impacts on Clover's core business remains to be seen:
QUOTE
...omega-3 fatty acids, essential for human health, have fallen in farmed fish since over-fishing concerns spawned a switch from feed rich in oily fish to soy and other alternatives.

In response, Johnathan Napier and his team at Britain's Rothamsted Research, an agricultural science centre, have genetically modified plants whose seeds produce the two key acids that make up omega-3. "If we can use a land-based source of fish oils as a way of augmenting or adding to the stuff from the oceans, then we can relieve the pressure on the oceans," he says, adding that the result would also be far more affordable..

https://www.afr.com/companies/agriculture/m...20191122-p53d7y
  Forum: By Share Code

nipper
Posted on: Dec 14 2019, 11:53 AM


Group: Member
Posts: 6,634

And Investing by Millennials

QUOTE
Investing does not elicit much interest from millennials globally, and young people in Australia do not buck this trend. The study found that while millennials in Australia may not be assiduously saving on a monthly basis, 71% do have some sort of saving..... Respondents in Australia said their primary motivation for saving was to fund their first property, a higher proportion in Australia than any other country in the study.

https://www.firstlinks.com.au/article/mille...59916f-83781601

- aspirationally, probably no different to previous generations?
  Forum: Investment Discussion

nipper
Posted on: Dec 14 2019, 09:30 AM


Group: Member
Posts: 6,634

they're called "Remoaners", and don't seem to get it
  Forum: Investment Discussion

nipper
Posted on: Dec 14 2019, 07:43 AM


Group: Member
Posts: 6,634

Some thoughts on silver

https://www.sharecafe.com.au/2019/12/13/com...market-outlook/
  Forum: By Share Code

nipper
Posted on: Dec 14 2019, 07:42 AM


Group: Member
Posts: 6,634

Some thoughts on silver

https://www.sharecafe.com.au/2019/12/13/com...market-outlook/
  Forum: By Share Code

nipper
Posted on: Dec 13 2019, 08:33 PM


Group: Member
Posts: 6,634

QUOTE
"This is a trend we've seen for some time. The cost reduction of [rooftop] solar has surpassed forecasts, but no one predicted it would be this deep, this fast”.

Audrey Zibelman, CEO, Australian Energy Market Operator [manager of the National & Wholesale Electricity Markets]
  Forum: Macro Factors

nipper
Posted on: Dec 13 2019, 02:43 PM


Group: Member
Posts: 6,634

definitely the ASX-listed ETF is doing well ; F100 is up 2%

And, Sterling rocketed 1.85 percent to US$1.342 and by 1.09 percent to €1.202 within minutes of the announcement. The pound has been volatile against both major currencies for several months as markets continue to wait for clarity over Brexit
  Forum: Investment Discussion

nipper
Posted on: Dec 13 2019, 02:25 PM


Group: Member
Posts: 6,634

Seems to kicked it up a gear; some 850k shares traded today, and the gap closing somewhat. Now $1.04, with last EoM NTA at $1.15
QUOTE
..as part of a decision to implement a more significant, long-term commitment to use the Company’s substantial capital resources to seek to ensure the Company’s share price trades close to its NTA:
• it will seek shareholder authority to buy back up to 20% of the Company’s shares on market in the 12 month period the buyback authority relates to;
• the Board will seek this authority at the 2020 AGM at the latest, but may approach shareholders earlier, depending upon how quickly the current 10% buy back authority is exhausted.
  Forum: By Share Code

nipper
Posted on: Dec 13 2019, 12:54 PM


Group: Member
Posts: 6,634

UK election results coming through, and it's likely the Conservative Party will form a government in its own right.
QUOTE
Early results and the exit poll look like a thumping victory for Boris Johnson. It also seems to be an emphatic rejection of Jeremy Corbyn and his far left Labour Party.

The early voting trends have been disastrous for Labour, with socially conservative low income northern and midlands England swinging away from Labour. There also seems to be a swing against Labour in Wales and no recovery for the party at all in Scotland.
.....

In many seats that Labour loses it will lose by a lesser margin than the combined vote of the Liberal Democrats and the Greens in those electorates.

People knew what the consequences of their votes would be. Labour could not consolidate the Remain vote, whereas Johnson did consolidate the Leave vote.

The election was dominated by three issues: Brexit, Corbyn and the National Health Service.

But the (remaining) "remainers" will persist. Sadly.

.
.
.
schadenfreude
/ˈʃɑːd(ə)nˌfrɔɪdə,German ˈʃɑːdənˌfrɔydə/
noun
pleasure derived by someone from another person's misfortune.
  Forum: Investment Discussion

nipper
Posted on: Dec 13 2019, 12:22 PM


Group: Member
Posts: 6,634

This news has arrested the persistent sell off .. up some 15 % and back to around $2.00
QUOTE
NovoSorb BTM has been granted a certificate of conformance (CE Mark) approval for sale throughout UK/Ireland and the European Union.

...with the horrific skin damage for the multiple victims of NZ 🌋 eruption, I read there has been big calls for skin to be used in grafts...
https://www.abc.net.au/news/2019-12-12/arti...ictims/11793114
QUOTE
NovoSorb BTM has been approved for use in all full dermal loss procedures:
• Full thickness burns
• Trauma
• Reconstructive / wide excision surgery
• Revision of scar
• Venous leg Ulcers
• Diabetic foot ulcers
• Pressure injuries
• Any loss of dermis needing repair.
  Forum: By Share Code

nipper
Posted on: Dec 13 2019, 12:11 AM


Group: Member
Posts: 6,634

QUOTE
CSL does not fit the mould of the typical company in the top 200 which pays out 60 to 70 per cent of earnings in dividends. CSL's dividend yield is about 1.5 per cent and its payout ratio is less than 50 per cent.

"We are not a high divvy stock not because we don't want to pay a high dividend," CEO Paul Perreault says. "We want to reward the shareholders, but we also want to balance that against the capital demands because we're a highly capital-intensive company.

"When you look at the size of our facilities and what we have to do, these are massive biologic manufacturing facilities with a lot of stainless steel and filtrators, lyophilisers, pasteurisers and other big, heavy equipment. "We also want to make sure that the R&D investment and the expansion of the translational medicine through our commercial activities is all being invested in."

- trading at 40x forward earnings
  Forum: By Share Code

nipper
Posted on: Dec 12 2019, 05:45 PM


Group: Member
Posts: 6,634

Time lapse for glaciers

https://www-sciencealert-com.cdn.ampproject...limate-inaction
  Forum: Off Topic Chat

nipper
Posted on: Dec 12 2019, 09:39 AM


Group: Member
Posts: 6,634

QUOTE
Nearmap has acquired technology and intellectual property from US-based Pushpin, allowing it to rapidly extract and disseminate roof geometry from its 3D content.

The $US3.5 million acquisition will be used by the company in a variety of ways, including the quoting and fulfillment of roofing projects, determining solar irradiance, planning drone delivery routes and modelling 5G propagation.

"By acquiring Pushpin's 3D geometry extraction technology and pairing it with out rich data, we bring the best of both worlds together at unprecedented scale," said Nearmap managing director and chief executive Rob Newman. "Over the past couple of years, we've evolved our offering into a multi-product portfolio and this acquisition is an important milestone in our approach to continue adding new content types for our customers."
  Forum: By Share Code

nipper
Posted on: Dec 12 2019, 08:54 AM


Group: Member
Posts: 6,634

I think they're trying to soften us up. Apart from Trump, everyone knows the experiment has not succeeded. The original intent a decade ago averted worse, but low rates are throttling "animal spirits''. There's a lot of second guessing, and any Powell Put is no certainty.

Next challenge is, How bad will the next medicine taste?
  Forum: Macro Factors

nipper
Posted on: Dec 11 2019, 07:50 PM


Group: Member
Posts: 6,634

Here's a bit on weather extremes
https://mobile.abc.net.au/news/2019-12-11/i...a-rain/11787874
  Forum: Off Topic Chat

nipper
Posted on: Dec 11 2019, 07:34 PM


Group: Member
Posts: 6,634

QUOTE
Goldman Sachs has initiated coverage on Altium with a 'neutral' rating, saying while it was a market leader with a long runway for growth, it already looked fairly valued. The broker noted the company's transition from a maker of software for the design of printed circuit boards (PCBs) to an integrated platform for managing the design, procurement and manufacturing of PCBs.

GS said Altium's market position, growth outlook, strong returns and net cash position were key strengths but added it needed to exceed its current forecasts to outperform the market due to the fact consensus expectations appeared to be relatively in-line with those forecasts.

"The launch of Altium 365 (November 2019), its success in China and potential M&A will be important future drivers of earnings expectations, but at this stage we do not believe the trajectory is likely to materially deviate from our forecasts," said analyst Ashwini Chandra. "Execution against these key drivers will be important for our future earnings projections."

The broker said it was attracted to the market position and medium-to-long term outlook for Altium, but believed its price already reflected a fair valuation.

- but will they disappoint?

And, as reported elsewhere, is there really a
QUOTE
US$2-trillion market for on-demand electronic design and manufacturing, produced via 3-D printing.
  Forum: By Share Code

nipper
Posted on: Dec 11 2019, 07:05 PM


Group: Member
Posts: 6,634

A bit of lateral thinking here?

Millennials should brace for a 'bucket of cold water' when it comes to their investments
QUOTE
Betterment, for example, recommends a retirement-focused portfolio of 90% stocks and 10% bonds for a 30-year-old with a $50,000 income. Vanguard rates its similar 90/10 portfolio as having a risk potential of four out of five, with five being the highest risk category.

A low-risk portfolio is considered to have up to 40% in stocks, while a moderate risk is a portfolio with 40% to 60% invested in the market. Portfolios with more than 70% invested in stocks are generally considered high-risk.

However, other robo services provide a more balanced portfolio. Fidelity Go recommends a portfolio of 70% stocks and 30% bonds for a similarly situated potential investor who responded their risk tolerance was a 5 on a scale of 1 to 10. Meanwhile, Schwab's Intelligent Portfolio product recommends investing 65% in stocks, 24.5% in bonds, 2% in commodities and about 8.5% in cash for a millennial saving for retirement and moderately aggressive.

https://www-cnbc-com.cdn.ampproject.org/v/s...ing-habits.html

- lots of index huggers and neophytes don't know what can/ will/ is going to hit them (sometime) ...when panic> euphoria becomes panic> panic
  Forum: Investment Discussion

nipper
Posted on: Dec 11 2019, 04:05 PM


Group: Member
Posts: 6,634

QUOTE
Shares in Fortescue have nearly trebled this year, surging from $3.86 to a record $10.45 during trade on Wednesday as prices for iron ore gallop past $US93 per tonne.

Prices lifted earlier in the year as mine closures in Brazil and Cyclone Veronica closing ports in Western Australia. But the rally is being sustained as global economic conditions lift and speculation mounts in China over increased stimulus measures and greater infrastructure spending.

The rally has lifted Rio Tinto 9¢ to $98.80, it's highest level since mid-August. BHP gave up earlier gains to slip 0.4 per cent to $38.29. Fortescue shares are up 150 per cent this year while BHP is up 12 per cent.

In a note to clients, Macquarie analysts said the strength in iron ore spot prices was in line with its forecasts and as a result there "was no material earnings upgrade potential".

But it said there was significant upside earnings potential for Fortescue in fiscal 2021 of about 70 per cent and between 20 per cent and 30 per cent for BHP and Rio respectively.

"We retain our positive view on FMG with the stock boasting strong medium-term earnings upgrade potential under a spot price scenario," Macquarie told clients. "The gap between RIO and BHP has narrowed with RIO retaining slightly higher free cash flow yields at spot of 9-10 per cent vs 8-9 per cent for BHP. The further recovery in premium iron-ore prices should benefit both Champion Iron and Mount Gibson Iron."

Swelling cash flows for Fortescue have delivered a dividend bounty in recent years...
  Forum: By Share Code

nipper
Posted on: Dec 11 2019, 03:53 PM


Group: Member
Posts: 6,634

QUOTE
UBS has increased its price target on Megaport following the company's $62 million capital rising, saying it gave the company plenty of headroom to accelerate its rollout.

Maintaining its 'buy' rating on the stock, UBS lifted its price target from $11.30 to $11.55, more than 20 per cent above its Tuesday close.

The broker said the company's capital raising had "well and truly" de-risked funding requirements until Megaport's forecast break even point of 2021, would allow expansion into new geography and left headroom for any further strategic investments.

"Our thesis remains unchanged – Megaport will be a major beneficiary of the data generation over the next decade, with a large first mover advantage, low capital intensity and material operating leverage as the portfolio matures," said analyst Tim Plumbe. "We recognise the high multiples, but highlight the strong revenue growth profile."
  Forum: By Share Code

34 Pages (Click to Jump) V   1 2 3 4 > » 

Cant find what you are looking for? Show all active topics from the last 3 months


New Posts  New Replies
No New Posts  No New Replies
Hot topic  Hot Topic (New)
No new  Hot Topic (No New)



TERMS OF USE  -  CONTACT ADMIN  -  ADVERTISING