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nipper
Posted on: Yesterday, 07:46 PM


Group: Member
Posts: 7,732

morphed to data and cloud
Data Centre Capacity.
• Total IT Load of all Data Centres is 21MW of which 19MW has been sold, including 10MW to a Leading Corporation (new customer).
• The remaining floor at IC3 East will be sold to our 3 business units and some wholesale customers.

Cloud Services and Government.
• Sales orders up 60% from FY19 to FY20
• 81% Cloud Services and Government FY20 revenue is recurring
• High quality Government customer base spread over 42% of Federal Government agencies
• Cloud Services and Government's HybridIT managed services deliver 10 times revenue per MW compared with colocation

Outlook.
● Company EBITDA will continue to grow in FY21, with first half of fiscal year 2021 in the range of $36 to 37 million. However, 2H FY21 will be relatively flat compared to 1H FY21 driven by investment in sales and operational resources to support continued growth.
● Construction of capacity under new contract will occur through CY21 for completion late CY21 / early CY22.
● Billing is due to start shortly after completion, Q3 FY22. FY23 will have full year impact of the contract.
● No material change to guidance for depreciation and amortization for FY21.
● FY21 total capex is expected to total $180 to $200 million

and now comfortably over $50 a share
  Forum: By Share Code

nipper
Posted on: Yesterday, 03:39 PM


Group: Member
Posts: 7,732

Race Oncology is an ASX listed precision oncology company with a Phase II/III cancer drug called Bisantrene.

QUOTE
Bisantrene is a potent inhibitor of the Fat mass and obesity associated (FTO) protein. Overexpression of FTO has been shown to be the genetic driver of a diverse range of cancers. Race Oncology is exploring the use of Bisantrene as a new therapy for melanoma and clear cell renal cell carcinoma, which are both frequent FTO overexpressing cancers.

The Company also has compelling clinical data for the use of Bisantrene as a chemotherapeutic agent with reduced cardiotoxicity in Acute Myeloid Leukaemia (AML), breast and ovarian cancers and is investigating its use in these areas.

https://www.raceoncology.com/

Developed in the 1970s, Bisantrene got to Phase III trials and did well, but the drug was not designed at clinical trial to show drug equivalence. Then the parent company American Cyanamid got into trouble and things lapsed.....
QUOTE
... it is not uncommon in the pharmaceutical industry, where up to 25% of all drugs that show promising Phase III results end up not being approved due to nonclinical reasons. It is a rare drug that does not suffer many near death experience during its development...

... what interests me about this is personal experience. A bout of ill health 4 years ago and I developed a fatty liver, and told I was pre diabetic. I did a Michael Mosley diet and rapidly dropped 10kg. And two melanomas appeared. Got them just in time; dodged a bullet, said the dermo.

QUOTE
Important scientific discoveries made over the last decade have identified dysregulation (loss of control) of RNA epigenetics as a key driver in cancer development. FTO was originally identified in the early 2000s from genome wide genetic association studies as linked to weight gain
  Forum: By Share Code

nipper
Posted on: Yesterday, 02:38 PM


Group: Member
Posts: 7,732

Creso Pharma (CPH) is likely to benefit from a new ruling on cannabidiol (CBD) products in Europe
QUOTE
Court of Justice of the European Union ruled that member states must not prohibit the marketing of lawfully produced CBD.

Further, the CJEU ruled that CBD is not considered a narcotic, and as a result, CBD can be freely sold in the European Union.


up 50% in last few days but retracing now
  Forum: By Share Code

nipper
Posted on: Yesterday, 02:26 PM


Group: Member
Posts: 7,732

There is a video link for this company on the front page. ... https://www.sharecafe.com.au/2020/11/30/cal...020-and-beyond/

Australian resource company Calima Energy (ASX: CE1) is heavily involved in the Montney Formation on the Alberta / British Columbia border in Canada. In this video, Calima President Michael Dobovitch provides an update on what’s been happening with the company and its operations.

Key points in the video:
  • .. recent consolidation in the Montney Formation
  • .. what these transactions mean for Calima
  • .. how energy prices have been behaving of late and where Calima sees them heading from here
  • .. more information on the company’s recent drilling results
  • .. what’s next for Calima


  Forum: By Share Code

nipper
Posted on: Yesterday, 12:08 PM


Group: Member
Posts: 7,732

the trolls seem to have been removed. Thx
  Forum: Off Topic Chat

nipper
Posted on: Yesterday, 06:53 AM


Group: Member
Posts: 7,732

. double post
  Forum: Investment Discussion

nipper
Posted on: Yesterday, 06:53 AM


Group: Member
Posts: 7,732

But the task of getting next stage development (= funding) is what holds back confident investment in most of the candidates

https://stockhead-com-au.cdn.ampproject.org...-rare-earths%2F
  Forum: Investment Discussion

nipper
Posted on: Yesterday, 06:45 AM


Group: Member
Posts: 7,732

Yep computer generated porn, or bad Russian translation.
I send messages to mods via the Contact Admin button at page.
  Forum: Off Topic Chat

nipper
Posted on: Nov 30 2020, 07:25 PM


Group: Member
Posts: 7,732

Britain could be just seven days away from leaving the EU without a trade deal, the government warned.

In a candid assessment issued at the start of what may be the final week of trade negotiations, No. 10 Downing Street said a significant gap still existed on fisheries, adding: No deal is arguably underpriced.

The hardening in language was triggered by the need for both Britain and the EU to pass in law details of the trade treaty before the end of the transition period on 31 December.
  Forum: Investment Discussion

nipper
Posted on: Nov 30 2020, 03:23 PM


Group: Member
Posts: 7,732

twas not to be, eb .
Sell off at closing time dropped another 30pt loss on what was a negative day from 11am on ...... down 83pts in the end. (Amateurs open, Professionals close)

All the pundits were hyping the story for a Miracle November. (Vaccine, Biden, cash sloshing around) but it was not to be.


  Forum: Macro Factors

nipper
Posted on: Nov 30 2020, 01:31 PM


Group: Member
Posts: 7,732

The TheraPharm technology has potentially broad application in the diagnosis and treatment of haematologic diseases such as blood cancers, infection management and a variety of immunodeficiency diseases.
TheraPharm already has a diagnostic imaging product approved in Europe and marketed as Scintimun targeting white blood cells, for the purpose of locating areas of infection in patients with suspected bone infection.

The deal provides Telix with access to a portfolio of patents, technologies, production systems, clinical data and know-how in in the use of molecularly targeted radiation in haematology and immunology. MTR drugs deliver targeted radiation to a patient. This is an injection, with a homing beacon attached to the radioactive drug. It finds the cancer cells and attaches itself and kills them. This allows it to selectively attack this area.

Telix plans to pursue its first non oncology indication in TheraPharm's drug candidate, 90Y-anti-CD66-MTR, which has demonstrated promising initial safety and efficacy data in systemic amyloid lightchain amyloidosis. SALA is a rare but serious protein deposition disease, caused by a protein known as an amyloid that is produced by abnormal plasma cells residing in the bone marrow. Protein deposition and formation of amyloids are associated with several neurodegenerative diseases.
There are about 30,000 and 45,000 people suffering from SALA in the United States and Europe respectively. It has a median survival rate from diagnosis of about 11 months if untreated.

Telix chief executive Christian Behrenbruch said the acquisition of TheraPharm and its MTR assets were uniquely aligned to Telix's mission and technical strengths in antibody engineering and radiochemistry.
QUOTE
TheraPharm technology has a significant role to play in BMC [bone marrow conditioning] and stem cell transplantation across a broad range of blood cancers and rare diseases, Dr Behrenhruch said.

MTR offers an excellent safety profile that may greatly expand the number of patients able to undergo life prolonging stem cell transplantation while greatly reducing the hospitalisation burden and cost associated with such procedures.

The current approach to BMC employs highly toxic drugs that have a poor morbidity and mortality profile, and for which many patients are ineligible.


Telix said the TheraPharm technology had potentially a very broad application in the diagnosis and treatment of haematologic diseases (like blood cancers), infection management and a variety of lymphoproliferative diseases.

For example, B cell lymphoproliferative disorders are conditions in the blood involving uncontrolled growth of white blood cells, including cancers as multiple myeloma, Hodgkin lymphoma and chronic lymphocytic leukaemia.

Dr Behrenhruch said of particular interest was the demonstrated use of the technology to safely and effectively condition patients prior to bone marrow stem cell transplant.
  Forum: By Share Code

nipper
Posted on: Nov 30 2020, 09:25 AM


Group: Member
Posts: 7,732

Telix Pharmaceuticals Limited (TLX) is a clinical stage biopharmaceutical company focused on the development of diagnostic and therapeutic products based on targeted radiopharmaceuticals or molecularly targeted radiation.

TLX is headquartered in Melbourne with international operations in Brussels, Kyoto and Indianapolis. TLX is developing a portfolio of clinical stage oncology products that address significant unmet medical need in renal, prostate and brain (glioblastoma) cancer.

today, has picked up a European pharma, with an agreement with Scintec Diagnostics GmbH to acquire TheraPharm GmbH, a Swiss German biotechnology company developing innovative diagnostic and therapeutic solutions in the field of hematology.

The acquisition of TheraPharm provides Telix with access to a portfolio of patents, technologies, production systems, clinical data and know-how in relation to the use of Molecularly Targeted Radiation in hematology and immunology. TheraPharm is developing antibody MTR technology against CD66, a cell surface target highly expressed by neutrophils (a type of granulocyte, a category of white blood cell) and tumor-infiltrating lymphocytes.

As such, the technology has potentially very broad applications in the diagnosis and treatment of hematologic diseases (e.g. blood cancers), infection management and a variety of lymphoproliferative diseases. Of particular interest is the demonstrated use of the technology to safely and effectively condition patients prior to bone marrow stem cell transplant.
  Forum: By Share Code

nipper
Posted on: Nov 29 2020, 02:05 PM


Group: Member
Posts: 7,732

The acquisition of the Lion dairy and drinks business for $560million gives Bega some real muscle in the Australian industry, but also increases the export business to about $500 million in revenues. Exports of cream cheese go to Japan, fresh yoghurt goes to Asia and powdered milk for infant formula to Asia.


Before the Vegemite acquisition in 2017, the Bega brand products portfolio made up just 20 per cent of its business as the company was little more than a provider of milk and cheese for private label brands owned by supermarkets. Bedding down the Mondelez buiness was an important stepping stone in learning how to extract value from branded gooods; the percentage was at 59 per cent last week, and by January, when it takes the keys of the Lion dairy and drinks business, it will be at 70 per cent. Lion manufactures milk and juice brands such as Big M, Dairy Farmers and Daily Juice.

CEO Barry Irwin says that these purchases are crucial in delivering better returns for shareholders over time. Group revenue will double to $3 billion a year with the Lion acquisition.
  Forum: By Share Code

nipper
Posted on: Nov 29 2020, 10:18 AM


Group: Member
Posts: 7,732

Rare earths emerging as pick of the proxies for EV exposure

https://www.livewiremarkets.com/wires/rare-earths-emerging-as-pick-of-the-proxies-for-ev-exposure
QUOTE
.... the interest here is how the value surge for Tesla is being taken as an endorsement of the EV/renewables revolution in a world increasingly moving towards decarbonisation and what that means for the materials needed to make it happen.

Materials for the lithium ion batteries that underpin the revolution (lithium, nickel, graphite, zinc and others) have not exactly taken off just yet. But the share prices of ASX listed producers/explorers of the requited materials have been on the march since September, probably due to confirmation of a strong rebound in EV sales growth post the worst of COVID19 and now the Tesla S&P factor. The chemistry of the preferred Li ion batteries will change over time. So there is some risk in the long-term around picking battery materials to play the EV/renewables thematic.

That is not the case with the rare earths that go into the permanent motors of EVs and windmills, and just about every other new world economy application. No matter the battery chemistry or who is building the EVs and windmills, the motors require the light rare earths of neodymium and praseodymium (NdPr) to ensure their reliability.

Exposure to rare earths as a way to have exposure to the EV/renewable revolution was a theme UBS dived into during the week in a note on ASX listed Lynas (LYC), the second biggest rare earths producer outside of China", which has an 80% grip on the market. "Lynas is positively exposed to a step-change in demand from EVs as each EV contains about 1-2kg of NdPr, mostly in the motor, UBS said. (It has a $4.05 price target on Lynas compared with Thursday's market price $3.69 for a $3.3b market cap).


UBS reckons annual EV sales could grow from about two million now to 36 million by 2030. As a result, it forecasts that NdPr demand will triple from 30,000tpa to 90,000tpa by 2030. (But) we do not think the market has created sufficient incentives for supply growth to triple by 2030. We estimate that an incentive price for NdPr is $US$60/kg. Prices have been below this level for most of the past 9 years, averaging ~US$41/kg, UBS says.

It believes that NdPr prices will need to lift from $US50/kg now to a peak of US$100/kg by 2024 before reverting to $US60/kg in the long term. From that it can be taken that the rare earths space is in line for some price excitement in coming years on demand fundamentals alone.Then there is the strategic appeal of rare earths in a world increasingly worried about Chinese grip on the supply chain. The potential for supply shocks, and NdPr got to $US280/kg in 2011 when China pulled supplies from Japan over a territorial dispute, is ever present.
  Forum: Investment Discussion

nipper
Posted on: Nov 28 2020, 04:34 PM


Group: Member
Posts: 7,732

thanks, mate... my interest level barely moved the dial.
  Forum: Off Topic Chat

nipper
Posted on: Nov 28 2020, 02:58 PM


Group: Member
Posts: 7,732

jump first, think second
.... probably confused with Diego Maradona
  Forum: Off Topic Chat

nipper
Posted on: Nov 27 2020, 05:45 PM


Group: Member
Posts: 7,732

maybe finding its stride.... Up 30% today after a rather ordinary year or so. Still well below earlier trades over the last few years
QUOTE
Sydney based company that allows prospective employers to seamlessly and professionally conduct pre employment reference checks on suitable candidates via an online candidate referencing system.

Xref supports more than 700 organisations worldwide, including 36% of the ASX 50, and is used across 35 market sectors.

Not sure how it works (anything other than having face to face HR, I guess)
  Forum: By Share Code

nipper
Posted on: Nov 27 2020, 05:30 PM


Group: Member
Posts: 7,732

TWE share price is down 11.25% today and the company shares placed in a trading halt.

https://www.abc.net.au/news/2020-11-27/chin...nsions/12886700

QUOTE
The Chinese Government has announced it will place tariffs on all Australian wine imports from tomorrow, striking a blow to the $1.2 billion a year industry.

The deposits, which effectively work like tariffs, will range from between 107 per cent to more than 200 per cent.
  Forum: By Share Code

nipper
Posted on: Nov 27 2020, 10:29 AM


Group: Member
Posts: 7,732

QUOTE
The thing you dream about in retail is the incremental dollar, Gerry Mr Harvey said.


Pretax profits soared an unprecedented 160 per cent in the first four months of 2021, reflecting the value of incremental sales on the largely fixed cost base, setting harvey Norman up for record December half profit growth.

The stronger than expected result perplexed longterm Harvey Norman investors ... Harvey Norman shares fell despite the good news.
QUOTE
The market is struggling to find meaning in the high rates of profit growth being generated in the household goods sector, said Credit Suisse analyst Grant Saligari. The duration of spending on household goods is underestimated. Company updates are proving market expectations of a rapid slowing in spending on household goods to be false.
  Forum: By Share Code

nipper
Posted on: Nov 27 2020, 09:42 AM


Group: Member
Posts: 7,732

https://www.australianmining.com.au/news/ly...arket-recovery/
  Forum: By Share Code

nipper
Posted on: Nov 26 2020, 08:29 PM


Group: Member
Posts: 7,732

A different FY, so at the AGM today, the was the usual ra ra and back slapping (virtual)

. In the financial year to 31 October 2020:[/size]

  • WAM Capital has increased 13.9%, outperforming the S&P/ASX All Ordinaries Accumulation Index by 10.7%;​​​​​​
  • WAM Leaders has increased 2.3%, outperforming the S&P/ASX 200 Accumulation Index by 0.8%;​​​​​
  • WAM Global has increased 8.5%, outperforming the MSCI World Index (AUD) by 5.9%;​​​​​​
  • WAM Microcap has increased 23.0%, outperforming the S&P/ASX Small Ordinaries Accumulation Index by 16.8%;
  • WAM Research has increased 16.6%, outperforming the S&P/ASX All Ordinaries Accumulation Index by 13.4%;​​​​​​
  • WAM Active has increased 11.4%, while the Bloomberg Ausbond Bank Bill Index was flat.
  Forum: By Share Code

nipper
Posted on: Nov 26 2020, 06:08 PM


Group: Member
Posts: 7,732

QUOTE
Now that we have competing vaccines across the world, it will be interesting to see which ones win the race.
Complementary, I would have thought. It is going to take a while to jab 8 billion ... and some vaccines need double shots.

Cold chain is a real negative, so the Oxford product has distinct advantages. But we do not , as you point out, know the SIDE EFFECTS. And will not until mass immunisation.
  Forum: Off Topic Chat

nipper
Posted on: Nov 25 2020, 09:00 AM


Group: Member
Posts: 7,732

Oil has surged to an eight month high overnight, with vaccine hopes and the smooth transition to a Biden presidency supporting risk assets across the globe.

A strong rally through November had put the oil market on track to reclaim its highs from late August, with hopes an effective vaccine could be rolled out within the next few months offsetting concerns over lockdowns and rising COVID19.

Brent crude surged 4 per cent to $US47.89 a barrel, its highest level since March 4, while West Texas Intermediate advanced 4.2 per cent to $US44.88 a barrel.

The strong surge has Brent crude up 27.9 per cent for the month, one of its best months on record
  Forum: Macro Factors

nipper
Posted on: Nov 25 2020, 08:53 AM


Group: Member
Posts: 7,732

Galaxy Resources has launched a $161 million capital raising to fund its Sal de Vida Stage 1 and pre development activities to progress James Bay to a construction ready status.

The raising will comprise a fully underwritten 1 for 14 prorata accelerated nonrenounceable entitlement offer and institutional placement.

The institutional placement will raise $111 million while the entitlement offer is expected to raise a further $50 million.

The capital will be raised at $1.70 a share, at a 15 per cent discount to its last close of $2.00.

QUOTE
This equity financing provides Galaxy with an enhanced level of certainty to commit to execute and develop Sal de Vida into a successful, lowest quartile cost lithium brine operation. Securing this funding for Stage 1 would allow us to confidently proceed into the early works phase, contract long lead items and complete pond construction in 2021 during the weather window, said chief executive Simon Hay.

With EV demand continuing to rise in Europe and North America, we will also accelerate James Bay to a construction ready status as these regions seek to localise raw materials supply and/or build out lithium chemicals capacity. We will utilise these funds to advance and execute the development of our world class assets and ultimately seek to contribute to supplying the expected global demand surge in lithium.



  Forum: By Share Code

nipper
Posted on: Nov 25 2020, 08:46 AM


Group: Member
Posts: 7,732

Not my style to trade, but I had a bunch of transactions last few weeks. Sold all my gold, sold a range minnow speccies that were just bouncing along the bottom, bought value international (PMC @ 1.225) and piled into a med tech 4DX.
  Forum: Macro Factors

nipper
Posted on: Nov 25 2020, 07:59 AM


Group: Member
Posts: 7,732

How much before any pullback? Must be scaring the shorts and the catastrophists
  Forum: Macro Factors

nipper
Posted on: Nov 24 2020, 10:41 AM


Group: Member
Posts: 7,732

Talga Appoints Morgan Stanley as Financial & Transaction Advisor. 18 Nov
QUOTE
Morgan Stanley has strong commercial relationships with existing and potential Talga battery anode customers and joint venture/ development partners, and has acted in various M&A, corporate advisory and capital market roles for a range of major EV industry participants.

ABB and Talga Sign Agreement 
 for Swedish Battery Anode Project. 24 Nov
QUOTE
Under the MoU, ABB will utilise its industrial automation and electrification expertise to develop and co-ordinate an extensive suite of production control and process solutions for Talga's vertically integrated lithium ion battery anode operations. In addition, ABB will work together with Talga and its partners to provide engineering support for the Vittangi Anode Project Definitive Feasibility Study, due for completion March 2021, with the intent to execute binding agreements for construction and operations in future.


now trading above $2 a share. (both Announcements not Market Sensitive)
  Forum: By Share Code

nipper
Posted on: Nov 24 2020, 09:38 AM


Group: Member
Posts: 7,732

this digital world of interconnectedness and cyber footprints dos not auger well for the average citizen.
  Forum: Off Topic Chat

nipper
Posted on: Nov 23 2020, 08:28 PM


Group: Member
Posts: 7,732

Financial services firm Morningstar says Kogan.com shares are "materially overvalued" because investors are extrapolating the current surge in sales due to online migration during the pandemic too far into the future.

Morningstar director of equity research, Johannes Faul, valued Kogan.com at $10.50 a share, compared with a current price of $16.96. The shares fell 3 per cent on Monday, taking losses since last month, when the stock reached $25.57, to 33 per cent.

  Forum: By Share Code

nipper
Posted on: Nov 23 2020, 05:34 PM


Group: Member
Posts: 7,732

yeah, what is happening here?
QUOTE
NSX Limited (NSX) is the owner and operator of Stock Exchanges in Australia. The Company operates two distinct businesses: National Stock Exchange of Australia Ltd (NSXA) and IR Plus Securities Exchange Limited

Trade Acceptance Service (TAS) : NSXA Go-Live date of 23rd November 2020
NSX Limited wishes to advise that the Company has been informed that the ASX Group has today made formal lodgement of the ASX Clear operating rules (“rules”) to ASIC. The rules will enable the Company’s wholly owned subsidiary, the National Stock Exchange of Australia Limited to gain access to the ASX Clear monopoly on a commercial basis, under the TAS and “Open Access” regime The Council of Financial Regulators approved the “Open Access” regime at their October meeting. The launch of TAS is now subject to a statutory 28 days disallowance period of the ASX Clear operating rules by ASIC. The NSXA integration to the TAS service is scheduled to go live on the 23rd November 2020.

Digital Exchange Subregister System (DESS) :
NSXA has been working towards integration of the NSXA’s own internal Digital Exchange Subregister System, which is based upon Distributed Ledger Technology (DLT), into its digital platform being built by iSignthis Ltd.’s subsidiary, Probanx Solutions Ltd. The platform incorporates the NASDAQ trade matching engine, in addition to the DESS, and in future, the ClearPay Delivery versus Payments platform and the Paydentity™ KYC platform from iSignthis. The NSXA is in consultations with ASIC as to when the DESS can commence service, noting that it is now technically and operationally ready for service to commence data accumulation and writing to the blockchain, contemporaneously with TAS.
  Forum: By Share Code

nipper
Posted on: Nov 23 2020, 02:02 PM


Group: Member
Posts: 7,732

and down 20% on this news

QUOTE
Mineral Resources Limited (ASX: MIN) has advised Hazer that it will not be proceeding to Stage 2 of the development of the synthetic graphite project proposed under the binding cooperation agreement entered into between the companies in December 201


  Forum: By Share Code

nipper
Posted on: Nov 23 2020, 01:32 PM


Group: Member
Posts: 7,732

GGG is looking for $30 million via a placement of new shares and was also undertaking a share purchase plan to raise up to $3 million, according to terms sent out.

The new shares were being offered to investors at 24¢ each, which represented a 17.2 per cent discount to Greenland's last close and an 18 per cent discount to its ten day VWAP.

Canaccord Genuity was lead manager on the deal, while CPS Capital Group and Ashanti Capital were pitching in as co managers. Bids were due by 8am on Tuesday.

The money would go towards licensing and permitting at the Kvanefjeld rare earths project in Greenland, as well getting a definitive feasibility study ready.
  Forum: By Share Code

nipper
Posted on: Nov 23 2020, 10:53 AM


Group: Member
Posts: 7,732

New company under the RCL ticker:

ReadCloud RCL is an Australian education technology company that provides a leading digital eLearning solution to Australian secondary schools.

Students and teachers can share notes, questions, videos and weblinks directly inside the eBooks, turning the eBook into a place for discussion, collaboration and social learning, and substantially improving learning outcomes.

A school curriculum is accessible in one App, across multiple platforms and devices, regardless of the choice of publisher.

ReadCloud has 50 schools and 21,800 users using its platform as at 30 June 2017.

It was anticipated that RCL will list on the ASX during February 2018.

A few run ups and retraces in the last 2 years, but has hit its straps with and October Acquisition. (Covid environment is probably quite useful)
QUOTE
.... the acquisition of PKY Media Pty Ltd, trading as College of Sound and Music Production.

The acquisition expands ReadCloud’s product offering and market presence in the Vocational Education and Training in schools market, a key strategic focus for ReadCloud together with in-school education eLearning software solutions, including eBooks.

COSAMP is the market leader in VET courses for the music industry, which is a top10 vertical in the VET in Schools sector. Headquartered in Melbourne, the business provides nationally accredited VET programs for the music industry to 184 secondary schools throughout Australia, including Certificate II and Certificate III in Music Industry and Diploma of Music Industry qualifications. As a leading Registered Training Organisation, COSAMP provides the proprietary course materials and accreditation that enables schools to offer these courses under COSAMP's RTO licence. The business generated sales revenue of $0.84 million in FY20 and delivered EBITDA of $0.22 million.

The acquisition will take ReadCloud to over 500 school customers (+40%) and presents a significant cross-selling opportunity to both deliver VET music industry courses to ReadCloud’s existing 350+ school customers and introduce COSAMP’s 184 school customers to ReadCloud’s broader 43 course VET offering as well as its full-curriculum digital education platform.

The two vendors (and founders) of COSAMP and the other 4 employees will join the ReadCloud team to continue to grow the combined business.
The acquisition consideration for up to $1.45 million will be satisfied via a combination of cash and RCL shares



  Forum: By Share Code

nipper
Posted on: Nov 23 2020, 10:09 AM


Group: Member
Posts: 7,732

This is appalling
QUOTE
Fake Zoom invite cripples Aussie hedge fund with $8m hit


A Sydney hedge fund has collapsed after a cyber attack triggered by a fake Zoom invitation saw its trustee and administrator mistakenly approve $8.7 million in fraudulent invoices.

The scam, the latest in a series of strikes by offshore criminal gangs against Australian fund managers, has also ensnared ANZ after the bank failed to stop almost $800,000 being withdrawn from an account linked to the cyber criminals.

Levitas Capital, which traded the so called far index in the US, was forced to close due to its largest institutional client, Australian Catholic Super, withdrawing its money after the September cyber attack.

NSW police are investigating the matter as digital crime experts report a spike in attacks on hedge funds and private equity firms this year, as informal checks were weakened due to staff working at home as a result of the pandemic.

There were so many red flags which should have been spotted, said Michael Fagan, who co-founded Levitas Capital, which had $75 million under management before the attack.

The Australian Financial Review has been told of another fund which lost $25 million in client money from a similar cyber attack, while the trustee for another firm blocked a $1.8 million transfer after the fake invoice was spotted.

Cyber investigators hired by Levitas said the attack was initiated after Mr Fagan or Mr Brookes clicked on a fake Zoom invitation, which triggered a malicious software program to be planted on the company's network. This allowed the cyber criminals to take control of its email system and send off the bogus invoices.

Mr Fagan discovered the cyber attack on Levitas by chance on September 23, when the four-year-old fund was preparing to receive a further $16 million from Australian Catholic Super after a bumper year. ACS declined to comment.

The fund, which Mr Fagan founded with fellow trader Michael Brookes, had risen 20 per cent for the year as its algorithm-based model benefited from the wild fluctuations on global markets.

... By chance on that Wednesday morning, Mr Fagan was in the office early and checked their Commonwealth Bank account only to discover $1.2 million had been transferred out eight days earlier. The company receiving the money, Unique Star Trading, meant nothing to him.

Even more curious was that the money had been transferred to an ANZ account in the south-western Sydney suburb of Bankstown, which the fund had never dealt with previously.

The payment was approved by AET Corporate Trust, Australia's third-largest trustee with $55 billion under supervision, which holds money on behalf of funds like Levitas and is responsible for protecting investors. AET is owned by Sargon, a superannuation services roll-up that was bought by New York financiers this year after going into voluntary administration.

In a statement, Sargon said it was "continuing to investigate the compromise" to determine "how the manual processes required to verify instructions may have fallen down". The company stressed its SargonPay infrastructure remained secure.

Mr Fagan said the payment request was suspicious on many levels and should have been picked up by both the trustee and the administrator, Apex.

The entire funds management industry relies on a range of important checks and balances to ensure the integrity of the system – in particular the role trustees and administrators are supposed to play, he said. This is one example of the manifest failure of these checks and balances with dramatic consequences for our business. It makes you wonder where else in the system could this happen?"

Issues that were not picked up included the attached invoice being addressed to Levitas, not the trustee as was required.

It also claimed to be a "capital call", something the fund had never previously requested. Unique Star also had no links or previous relationship with the fund and was not on its supplier list.

The fund administrator, Apex, did call Mr Fagan to verify the transaction, but he was at the gym and said he would call back before approving any payments.

When he returned to the office he emailed Apex but received no reply or call back. The $1.2 million was transferred to Unique Star's ANZ account that day ... September 16.

In the background, the fund later learned, the hackers had sent another email to the fund administrator Apex authorising the transaction, as they had taken control of the hedge fund email system.

Apex said it strongly disputes claims that insufficient attempts were made to inform the managers of potentially fraudulent transfers"."We have robust internal procedures and controls in place. We are confident that our processes were followed appropriately, it said in a statement.

In a 10 day period after that money was transferred, a Pakistani national, Muhammad Bhatti, walked into an ANZ branch in Bankstown and withdrew $240,000 via a bank cheque.

He also raised another bank cheque for $240,000 from an ANZ branch in Kogarah during this period. One of these cheques was then deposited in a Bank of Queensland account; the other was blocked by Commonwealth Bank, Levitas' bankers.

On September 26, Mr Bhatti left Australia on a Qatar Airways flight, but prior to this he made 64 more withdrawals from the ANZ account totalling about $300,000. These included cash withdrawals from ANZ branches and convenience stores, along with purchases from David Jones and JB Hi-Fi.

In a statement, ANZ said while realtime payments provided opportunities for criminal elements, it continued to work closely with AUSTRAC, law enforcement and the broader industry to detect, prevent and disrupt serious financial crimes.

A week after the first transaction, another fake invoice was wrongly authorised from the Levitas account. This time $2.5 million was sent to the Bank of China in Hong Kong to a company called Pavelin Limited. Once again, the fund hadn't previously dealt with this company.

The hacker had sent a further email from Mr Fagan authorising the transaction. Neither Mr Fagan nor Mr Brookes received calls from the administrator or trustee to check the transaction.

On the same day, September 22, the trustee received further instructions from the administrator to send $5 million to East Grand Trading at the United Overseas Bank in Singapore. The same red flags were evident on the invoice, but again, no verification calls were made. The money was approved for transfer.

Fortunately, on that same day, Mr Fagan checked the bank accounts, something he would not normally do, as he was waiting for the additional funds from Catholic Super.

On realising more than $8 million was missing, he immediately issued stop orders with a series of frantic phone calls. Since then he has retrieved the $5 million sent to Singapore and the $2.5 million which went to Hong Kong.

But had he not checked the account, or waited even another day, the funds would have most likely cleared both overseas banks and become almost impossible to trace. We could have lost $30 million, Mr Brookes said.

By the time the pair were alerted to the fraud, the $1.2 million ANZ payment had already gone through... and $781,000 had been taken out of the account by Mr Bhatti


https://www.afr.com/companies/financial-ser...20201122-p56f9c

.... everyone blames everyone else
  Forum: Investment Discussion

Poll: The Banks
nipper
Posted on: Nov 23 2020, 09:46 AM


Group: Member
Posts: 7,732

Banks were a big driver of the weeks gains after comments from Australian Prudential Regulation Authority chairman Wayne Byres at a banking summit gave investors hopes the dividend limit guidance would be eased. The rebound in the jobs market also lifted sentiment towards the sector.

Commonwealth Bank was the best performing bank over the week with a 9.4 per cent gain. The lender rallied 1.4 per cent on Friday after the prudential regulator returned $500million to Commonwealth Bank, reflecting the bank's work at improving its governance.

On Friday, Westpac added 0.1 per cent and advanced 8.6 per cent for the week. NAB rose 0.1 per cent on Friday for a weekly advance of 7.2 per cent, while ANZ notched up a 8.5 per cent rise for the week after falling 0.5 per cent on Friday
  Forum: Investment Discussion

nipper
Posted on: Nov 22 2020, 09:59 AM


Group: Member
Posts: 7,732

I know Mick was banging on about WEF , and they really are an unconscionable bunch of self appointed pricks.

Founder Klaus Schwab says states the patrician aims quite openly.
QUOTE
COVID19 lockdowns may be gradually easing, but anxiety about the world’s social and economic prospects is only intensifying. There is good reason to worry: a sharp economic downturn has already begun, and we could be facing the worst depression since the 1930s. But, while this outcome is likely, it is not unavoidable.

To achieve a better outcome, the world must act jointly and swiftly to revamp all aspects of our societies and economies, from education to social contracts and working conditions. Every country, from the United States to China, must participate, and every industry, from oil and gas to tech, must be transformed. In short, we need a “Great Reset” of capitalism.

WEF calls this effort its Great Reset Initiative.
  Forum: Off Topic Chat

nipper
Posted on: Nov 21 2020, 09:21 AM


Group: Member
Posts: 7,732

And an opinion piece

https://www.sharecafe.com.au/2020/11/18/why...h-shining-star/
  Forum: By Share Code

nipper
Posted on: Nov 21 2020, 09:18 AM


Group: Member
Posts: 7,732

Rather than making things up, why not listen to the MD.

https://www.sharecafe.com.au/2020/11/19/wha...e-therapeutics/
  Forum: By Share Code

nipper
Posted on: Nov 20 2020, 03:53 PM


Group: Member
Posts: 7,732

Millennials and Gen Z are hard to reach. The traditional modes of advertising do not reach this generation.

Anthony Eisen, Co CEO, Afterpay Ltd
  Forum: By Share Code

nipper
Posted on: Nov 20 2020, 02:46 PM


Group: Member
Posts: 7,732

New Au Cu entity in the Lachlan Fold Belt. DYOR

IPO soon, being shopped by Taylor Collison
AUSTRALIAN GOLD AND COPPER LIMITED

We are pleased to launch the IPO for Australian Gold and Copper Limited (AGC or the Company). AGC is seeking to raise up to a maximum of A$10 million (subject to a minimum of A$7 million) of primary capital (Offer). Taylor Collison is acting as Sole Lead Manager and Bookrunner to the Offer.

Please find attached the Investor Presentation, Term Sheet. The Prospectus is available to download at https://www.austgoldcopper.com.au/

WHAT WE LIKE ABOUT AGC: Valuation: $10m pre-money valuation is compelling given quality and location of portfolio
  • Assets: 3 projects, 1,000km2 and 7 walk-up, near surface drill targets
  • Location: Lachlan Fold Belt – hosts several multi-million ounce gold deposits
  • Quality & Diversity: The 7 identified drilling targets defined by historic workings, drill intercepts, outcropping, surface Geochem and geophysics – there are multiple data sets defining these targets
  • News Flow: Extensive drill program expected to commence in January 2021 (AGC has already secured a rig) with an anticipated 5,000m of drilling in first 8 months. The rig will rotate amongst the drill targets whilst awaiting asays
  • Team: Highly experienced with strong track record of discoveries

OFFER DETAILS

K Offer Statistics
Cash Offer Price .... $0.20 per Share
Securities Offered ....35 million, Max 50 million
Gross cash proceeds from the Cash Offer ....Min $7 million, Max $10 million
Total number of Shares on issue on Completion of the Offer ....Min 85 million, Max 100 million
Indicative market capitalisation at the Cash Offer Price (post Offer completion .... Min $17 million, Max $20 million
Pro Forma net cash on Completion of the Offers (Section 5 Prospectus) ....Min $6.2 million, Max $9.0 million
  • AGC's projects are contributed by Magmatic Resources (MAG) and New South Resources (NSR) at a valuation of $10.0 million. There will be an 80% in-specie distribution of AGC shares to MAG and NSR shareholders, with the remaining 20% held by MAG and NSR. The large majority of the vend will be subject to escrow - see page 3 of the term sheet for details of relevant shareholdings and escrow.
  • The Offer is conditional upon the satisfaction (or waiver) of a number of conditions including: obtainment of MAG and NSR demerger approval, AGC obtaining ministerial approvals relating to the transfer of the tenements under the Mining Act and AGC obtaining a conditional admission letter from the ASX. Further detail on these conditions are outlined in prospectus.
  Forum: Off Topic Chat

nipper
Posted on: Nov 20 2020, 02:04 PM


Group: Member
Posts: 7,732

This old chestnut has reappeared.
QUOTE
Clocking almost 300km/h at times, race cars zoomed around the Bathurst 12 hour endurance race. One car, a blue yellow Porsche, stood out among the hurtling metal because its bonnet sponsor was a money-losing biotechnology outfit.At first glance, a sharemarket listed biotechnology organisation's race car sponsorship between 2015 and 2018 seems puzzling.

But the sponsor, iQ Group Global, argued "innovation" and "endurance" were common features between it and the Porsche. It even hashtagged the terms on social media.

Two years later, Sydney based iQ is behind a new marketing ploy ... an aggressive one raising the eyebrows of market overseers.

Using advertisements of an ageing white couple strolling along a beach with their golden retriever, iQ is promoting Ethical Bioscience Investments and its spectacular fixed returns, such as 9 per cent on money to be repaid after 12 months, or 11 per cent over 24 months.

It is more than an offer on a swanky looking website. Ethical Bioscience is appearing in new age Instagram feeds and Facebook pages, in online advertisements including in The Australian Financial Review, and in promotions for investment newsletters for subscribers to the Switzer Financial Group of Peter Switzer.

But Ethical Bioscience's actual investments are unclear.

Glossy advertising only refers to selecting late discovery or preclinical stage life science companies, with assets that have potential for significant value appreciation. This advertising offers reassurance about risk, saying investments are carefully vetted and validated by our scientific and investment committees.

But biotechnology is traditionally a highly speculative sector where products can take more than a decade to reach markets. Multiple industry sources also say such debt notes, and this investment offers quarterly returns, are almost unheard of.....
https://www.afr.com/companies/financial-ser...20201120-p56gd5
  Forum: By Share Code

nipper
Posted on: Nov 20 2020, 10:29 AM


Group: Member
Posts: 7,732

good one, Mick


And last night I watched a redemptive movie on SBS on Demand: A Street Cat called Bob

https://www.sbs.com.au/ondemand/video/16927...t-cat-named-bob
  Forum: Off Topic Chat

nipper
Posted on: Nov 20 2020, 09:51 AM


Group: Member
Posts: 7,732

and up 60% (on news). Three year high.


New gold discovery between known existing deposits.
QUOTE
Outstanding initial results received from Reverse Circulation drilling targeting the 1.6km mineralised trend between the cornerstone Montague and Whistler Gold Deposits at the Gidgee Gold Project, with strong high grade mineralisation intersected across a number of significant structures
  Forum: By Share Code

nipper
Posted on: Nov 20 2020, 09:43 AM


Group: Member
Posts: 7,732

From a FT blog:

Morgan Stanley go all in on Tesla: It is expensive on what we know, and cheap on what we do not.


18 Nov 2020 by Jamie Powell


We have joked before on this blog about how the market is rewarding businesses where the pitch seems to be their profitability is as far away as logic can stretch. Don't think about what we are, think about what we might become, and then add 10 years, seems to be the mantra.

Take this one example. Back in early June, we took a look at a Goldman note on Chinese electric car maker Nio, which derived its price target for the business from its forecasted 2030 earnings. Nine whole years away.

Oh, how we laughed at time. After all, it is insanity to think, particularly after this year of all years, that anyone knows what the electric car market will look like in 2025, let alone five years after that.

Of course, the stock is up 732 per cent since. Nice one.

Yet, even though we have got used to EV/ebitda multiples based on 2025 earnings being slapped on upstart companies, we were not quite ready for what landed in our inbox from Morgan Stanley's Adam Jonas this morning.

A new note on Tesla, obvs, and, as might be expected, a higher price target: $540 up from $360 .... putting Mr Jonas firmly second among the sellside fraternity.

The valuation is derived from a sum of the parts method ... a well worn practice of valuing different segments of a business to form a total valuation. Of what though? Well . . . we'll just leave you to gawp at this:

Tesla Auto: $254/share. 10 yr DCF derived. We assumes 3.8 million units by 2030 (from ~500k in 2020). Exit ebitda margin of 18.7% (12.2% EBIT). WACC of 8.0%, terminal value ebitda multiple of 13.0x. Valuation implies 24.4x 2022 EV/ebitda or 12.6x 2025 EV/ebitda.

Tesla Energy: $12/share. 20 yr DCF derived. We assume 607 MW of solar deployed (from 179 MW today) and 11.8 GWh of Storage deployed by 2030 (from 2.1 GWh today). 13% revenue CAGR from 2019 to 2040. Gross margins of 25.0% by 2030. WACC of 9.5%. Terminal Growth Rate (TGR) of 4.0%. Valuation implies 30.5x 2022 EV/ebitda or 19.2x 2025 EV/ebitda.

Tesla Insurance: $15/share. 20 yr DCF derived. We assume 18% penetration of Tesla Insurance from its vehicles in service with underwriting margins of 14.0% in 2030. WACC of 10.0%. TGR of 3.0%. Valuation implies 28x2025 EV/Sales as the business is still in the early stages of roll out.

Tesla Mobility/Ride sharing: $38/share. 10 yr DCF derived. We assume the 'robotaxi' fleet rises to >500k by 2030 (2.3% of total Tesla car parc) with $1.70/mile and OP margins of 14.7% in 2030 vs 0% in 2025. WACC of 10.0%, TGR of 4.0%. Valuation implies 7.8x 2025 EV/Sales.

Tesla Network Services: $164/share. 20 yr DCF derived. We assume a 12mm connected fleet by 2030 (60% penetration/attachment rate) with ARPU of $100 by 2030. 60% 2030 ebitda margin. Probability of 80% ascribed (i.e.20% discount to valuation of NPV). WACC of 8.0% (same as core Auto Co despite better financials) and TGR of 4.0%. Valuation implies 36.3x 2025 EV/Sales or 60.5x 2025 EV/ebitda or 0.42x 2025 EV/Sales to growth (0.92x 2022 EV/Sales to growth) in line with the highest growth SaaS firms.

Tesla as a 3rd Party Supplier: $58/share. 20 yr DCF derived. We assume 2.5mm 3rd party EV powertrain shipments at 20% EBIDTA (sic) margins. WACC of 9%. ebitda terminal multiple of 17x. Valuation implies 3.5x 025 EV/Sales


It really has it all doesn't it? But special attention should be drawn to the discounted cash flow analyses on Tesla Network Services, Tesla Mobility and Tesla as a Third Party Suppler ... particularly the latter two, as they literally do not exist at the moment anywhere except in the wild imagination of Tesla bulls.

As one buyside analyst remarked to us on the note, "it's expensive on what we know, and cheap on what we don't. We couldnt have put it better ourselves....

REUTERS
  Forum: Investment Discussion

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


Group: Member
Posts: 7,732

4DMedical currently has over 12 clinical trials in its pipeline at various stages of development

Airways ... In asthma, Chronic Obstructive Pulmonary Disease (COPD), bronchiectasis and cystic fibrosis, the early stage of disease is extremely important for the adoption of appropriate therapeutic measures

Inflammation ....In COPD, silicosis, pulmonary fibrosis, constrictive bronchiolitis and other chronic inflammatory lung conditions, exacerbations result in progressive and irreversible airflow obstruction and respiratory failure

Intervention .... Surgery, transplant or interventional procedures to repair or remove lung tissue or airways due to lung cancers, emphysema, fluid or infection

QUOTE
FY21 outlook
• Accelerate rollout of XV LVAS to priority hospitals in the U.S. and Australia
• Continue recruitment of sales and marketing staff in the U.S. and Australia to accelerate revenue generation
• Invest in product development to enhance the compatibility of 4DMedical technologies with existing Xray systems
• Conduct clinical trials to increase awareness, education and necessary evidence of efficacy to drive product adoption
• Progress the product pipeline .... Ventilation Perfusion (VQ) and Contrast Free Pulmonary Angiography products
• Advance global regulatory processes, most notably progressing Medical Device Single Audit Program


  Forum: By Share Code

nipper
Posted on: Nov 20 2020, 08:36 AM


Group: Member
Posts: 7,732



I think the answer is in your previous post. Some of the unloved stocks (value + energy) have been sought, recently, and some of the glamorous highly priced tech and the like are losing their fans. So playing pure indexes may not work?

QUOTE
Rotation has taken a firm hold on the investment thinking of big global managers, according to the Bank of America/Merrill Lynch survey for November. The survey shows a net 24% of fund managers thinking that value stocks will outperform growth stocks, and a net 21% saying that small-caps will outperform large-cap stocks.

  Forum: Macro Factors

nipper
Posted on: Nov 18 2020, 09:38 PM


Group: Member
Posts: 7,732

and yet the Perth Mint states this. https://www.perthmint.com/storage/perth-mint-gold-asx.html

  • Physically redeemable. Unlike many gold exchange traded products, PMGOLD can be physically redeemed for any of The Perth Mint’s bullion bars.
  • Fully backed. Holdings secured on behalf of investors in PMGOLD are fully underpinned by government-backed gold, which is safeguarded by The Perth Mint
  Forum: Macro Factors

nipper
Posted on: Nov 18 2020, 06:47 PM


Group: Member
Posts: 7,732

Nuix lodged its prospectus late on Wednesday, and is slated to come to market with a $1.8 billion market capitalisation.

The company, which has grown to be one of the largest private Australian software companies despite a cofounder being sent to prison before being acquitted for tax fraud, has created software which helps organisations identify patterns and trends from different types and formats of data, including unstructured data, which is generated by things such as social media, text documents and PDF files.

This type of data does not fit neatly into a database table and is more challenging to interpret. These data insights are generally applied to fields such as cyber security, risk and compliance, and fraud investigations.

Nuix is raising $975.3 million. Of this, $875.3 million will go to existing investors selling down, while $100 million will be injected into Nuix. Macquarie, which owns more than 66 per cent of the business, will reduce its stake by more than half to 30 per cent.

In its prospectus the company pinpointed possible cyber security breaches and any churn in its existing customers as its biggest risks.

In the year to June 30, Nuix recorded $175.9 million in revenue, up 25.9 per cent on the previous year. For the 2021 financial year, the business forecast $193.5 million of revenue, implying a growth rate of 10 per cent. The company has also forecast $63.6 million in earnings before interest, tax, depreciation and amortisation, on a pro forma basis.

Of company revenue, 80 per cent is generated offshore from North America, Europe, the Middle East and Africa. The bulk (70 per cent) of its annual contract value is generated by customers which have been using Nuix since 2016, or earlier, and the business has a churn rate of only 4.7 per cent.
  Forum: Off Topic Chat

nipper
Posted on: Nov 18 2020, 01:07 PM


Group: Member
Posts: 7,732

QUOTE
RareX Limited (REE), formerly Sagon Resources Limited, is an ASX listed rare earths company focused on developing its 100% owned Cummins Range Project in Western Australia.

Other projects include the Trundle Project, Weld North Projects, Leogang Cobalt Gold Project and New South Wales JV Project.

Long an explorer of cluster of porphyry copper gold systems at the Trundle Gold Copper Project Joint Venture in NSW, the Cummins Range project is the main focus. As well, tenements pegged originally for rare earths potential at Byro East, WA, are to be explored for magmatic nickel copper PGE discoveries in ultramafic/mafic rocks similar to the recent Julimar discovery.

Recently raised $3million in a placement.

At Cummins Range, drilling has aimed to upgrade the current inferred resource of 13 million tonnes at 1.13% total rare earth oxides (TREO) with 22.1% neodymium /praseodymium, and to define a highgrade component. Results from 18 holes returned wide, bonanza grade results in the northwest and central portion of the deposit and showed the mineralisation thickens close to surface and to the east.

RareX managing director Jeremy Robinson said the program provides a strong foundation for the planned resource upgrade at Cummins Range:
QUOTE
The majority of results received to date have exceeded our expectations in terms of width and grade, giving us a high degree of confidence in the ability to define a solid high-grade component as part of the upgrade, he said. We are seeing much thicker zones in the central part of the deposit, while still achieving some really strong grades well above the average grade of the current inferred resource.
https://smallcaps.com.au/new-assays-high-gr...earths-project/
  Forum: By Share Code

nipper
Posted on: Nov 18 2020, 09:47 AM


Group: Member
Posts: 7,732

and again

Highlights
• Second diamond drillhole at the Horn Prospect (HNDD002) has intersected over 7m of nickeliferous massive sulphides from 143m depth
• Logging and sampling of drill core from the first hole HNDD001, including a 5m intersection of semimassive to massive nickel sulphides, has been logged and sampled, and assays are pending
• Drill programme continues with a further 4 holes remaining for the Horn Prospect
  Forum: By Share Code

nipper
Posted on: Nov 18 2020, 09:07 AM


Group: Member
Posts: 7,732

There has been an offer for 3PL at $1.35 a share, and an agreed deal with California edtech company, IXL Learning, then an Indian company BYJU'S is back with another bid only hours after suffering a knockback at $1.45 a share. The new bid is understood to be at $1.50 a share.

BYJU'S first challenge is to get 3P Learning's board to stop the shareholder vote on IXL's bid, which is slated to head to a scheme meeting on Friday. Then it wants a few weeks in the data room to firm up its indicative bid.

BYJU'S latest bid is more than 10 per cent above IXL's bid. BYJU'S is a private edtech company based in India that runs programs for primary and secondary school students..
  Forum: By Share Code

nipper
Posted on: Nov 17 2020, 09:34 AM


Group: Member
Posts: 7,732

fresh from seeing off the Aware Super tilt for OptiComm (but having to lift the offer to match)
QUOTE
The securities of OptiComm Ltd will be suspended from quotation at the close of trading today, Friday, 13 November 2020, in accordance with Listing Rule 17.2, following lodgement of the Federal Court of Australia orders with the Australian Securities and Investments Commission approving the scheme of arrangement by which Uniti Group Limited will acquire all of the issued shares in OPC

and now, a further acquisition
QUOTE
... Uniti acquires 100% of fast growing, specialist Retail Service Provider, Harbour ISP , which specialises in delivery of superfast retail broadband services in greenfield developments
.... Preferred broadband RSP with leading Australian greenfield property developers, including Mirvac
.... More than 30,000 retail broadband customers, doubling the Uniti current retail customer portfolio
.... Purchase consideration of $9.25M + 1M options (at exercise price of $1.54) to acquire UWL shares
.... Forecast earnings contribution, including synergies, of $3M+, a purchase multiple of ~3x EBITDA
.... Highly strategic & accretive acquisition, enabling greater penetration & revenue expansion on Uniti owned fibre networks, including those added via the OptiComm acquisition
probably a good business would be to set up a localised ISP and wait to be acquired?
  Forum: By Share Code

nipper
Posted on: Nov 16 2020, 05:55 PM


Group: Member
Posts: 7,732

but I am not too impressed with the Malaysian connection, the number of shares on issue or the tokenistic Aussie listing

Mr. Ying Ming Wang ... Director (Non-executive)
Qualification ... Ph. D in Science
Experience ... Board Member since June 2006
Interest in Shares and Options ..224,643,616 Ordinary Shares of Rectifier Technologies Ltd


Mr. Yanbin Wang ... Director and CEO
Qualifications ..Master of Law, Bachelor of Philosophy
Experience ... Board Member since August 2010
Interest in Shares and Options .... 70,000,000 Ordinary Shares of Rectifier Technologies Ltd

Mr. Valentino Vescovi .... Director (Non-executive)
Qualifications ... Master of Science, Bachelor of Science
Experience .... Board member 2003 to 2010 and from 30 October 2012
Interest in Shares and Options .... 30,600,000 Ordinary Shares, and 7,040,000 unlisted options exercisable at 2c each

Mr. Nigel Machin ... Director and Head of Power Engineering
Qualification .... Bachelor of Engineering
Experience ..... Board member since 3 April 2017
Interest in Shares and Options .... 22,010,000 Ordinary Shares, and 1,800,000 unlisted options exercisable at 2c each
  Forum: By Share Code

nipper
Posted on: Nov 16 2020, 05:34 PM


Group: Member
Posts: 7,732

I thought Embraer was a manufacturer
QUOTE
Embraer S.A. is a Brazilian aerospace conglomerate that produces commercial, military, executive and agricultural aircraft
  Forum: By Share Code

nipper
Posted on: Nov 16 2020, 04:31 PM


Group: Member
Posts: 7,732

QUOTE
ASX newcomers unphased by delay;
well, quite. Nobody could plug in to the ASX today.

from AFR headline; probably change it later.
  Forum: Off Topic Chat

nipper
Posted on: Nov 16 2020, 02:14 PM


Group: Member
Posts: 7,732

The Day they called it a Night

ASX closes trading early; eyes Tuesday restart


QUOTE
The ASX says equity markets will not open for the remainder of today.

The underlying cause of the issue has been identified and a resolution path is in place, allowing trading to commence tomorrow at 10am AEDT.

  Forum: Macro Factors

nipper
Posted on: Nov 16 2020, 12:54 PM


Group: Member
Posts: 7,732

outage = outrage

(why, I do believe there is even an Open Outcry happening)
  Forum: Macro Factors

nipper
Posted on: Nov 16 2020, 12:52 PM


Group: Member
Posts: 7,732

https://twitter.com/ASX/status/132814848864...148488643776512


"ASX is continuing to investigate the issue causing today's market outage. Again, we apologise for the disruption and are working to rectify as soon as possible"
  Forum: Macro Factors

nipper
Posted on: Nov 16 2020, 12:01 PM


Group: Member
Posts: 7,732

been around for a while.... and thanks to aus_trader for posting elsewhere (ASF)
QUOTE
Rectifier Technologies Ltd (RFT) designs, manufactures and supplies electronic products such as power rectifiers, and the production of electronic and specialised magnetic components.


The reportable segments are as follows: Electronic Components, Industrial Power Supplies (Electricity generation/distribution and Defence), Industrial Power Supplies (Transport and Telecommunication) and Industrial Power Supplies (Electric vehicles).

Market cap about $50 million. managed to pay a ff dividend, despite Covid hitting their mfg and markets. EV may be the way to go!

Recent FY summary:

• The total revenues decreased by approximately 11.33% to $16.7 million compared to $18.9 million in the previous reporting period.
• The decrease in sales during the year to 30 June 2020 was due to the impact from COVID 19 pandemic. The Government in each our operating jurisdiction has imposed restriction on movement to protect safety of general public, particularly in Malaysia, our factory has been shut down in the middle of March and was resumed to operate with a limited capacity in April and fully operating from May onwards.
• The Company reported a profit before tax of $3.1 million compared to a profit of approximate $3.3 million in the previous reporting period despite the global economics negatively impacted by COVID 19. However, the Company was able to report a profit with supported from the Governments in each operating jurisdiction, financial institutions, key stakeholders and our own reserves. The effective plan enables us to mitigate risk exposure.
• The Company expects sales from our legacy market and electric vehicle charging market to continue improving in the 2021 financial year.


QUOTE
Outlook
Despite the challenges of 2020, the Company has continued to expand its R&D capability to enable the delivery of new products to increase our market share in New Energy applications including E Mobility.

In addition to the major developments of our Highbury DC Bi Directional Charger and RT22 50KW EV Charger Module, we are also developing a high voltage input rectifier for the defense industry. We are now anticipating these products to be released in 2021
  Forum: By Share Code

nipper
Posted on: Nov 16 2020, 10:13 AM


Group: Member
Posts: 7,732

Elders FY20 statutory profit jumped 80 per cent on the prior year to $124.2 million (pre-AASB 16) with higher earnings from its branch network and wholesale business driving the result.

Management declare a fully franked final dividend of 13¢, up from 9¢ last year.

The company generated revenue of $2.092 billion in the year to September 30, up 29 per cent on the prior year. Underlying EBIT swelled 62 per cent year-on-year to $119.4 million.

The acquisition of Australian Independent Rural Retailers was implemented just over one month into FY20, which saw Elders wholesale segment add $22 million in earnings (EBIT).

Our FY20 results highlight the resilience of our business, the benefits of our diversification across both geographies and products, and our acquisition strategy, said chief executive Mark Allison.

The company did not provide financial performance guidance for FY21 but did offer commentary on the drivers expected to feature over the year ahead, which included the following:

  • ... High levels of demand for farmland is expected to continue while potential farmland sellers are deferring selling decisions due to uncertainty created by COVID 19; this is expected to deliver ongoing strong farmland values in FY21.
  • ... Significant growth opportunities exist to gain market share by serving new customers, in new geographies with our multiple product and service portfolios. Elders will remain adaptable as the on-going impacts of COVID 19 continue to minimally disrupt key inputs across the industry.
  Forum: By Share Code

nipper
Posted on: Nov 16 2020, 10:11 AM


Group: Member
Posts: 7,732

stop making things up, Fantasy Boy
QUOTE
Nonprescription pain relievers such as acetaminophen (Tylenol, others), aspirin, ibuprofen (Advil, Motrin IB, others) and naproxen (Aleve, others) can damage your liver, especially if taken frequently or combined with alcohol.

  Forum: Off Topic Chat

nipper
Posted on: Nov 16 2020, 09:14 AM


Group: Member
Posts: 7,732

ELSIGHT LAUNCHES RENOUNCEABLE RIGHTS ISSUE TO RAISE UP TO $8.15 MILLION TO FUND GROWTH

QUOTE
Highlights
... 1 for 6 Renounceable Rights Issue to raise up to $8.15 million; priced at $0.45 per share

.... Discount of 22% to the last price of $0.58 and 25% to the 30 day VWAP of $0.60

... With every 2 New Shares, shareholders receive 1 free attaching New Option, that have an Exercise Price of $0.90, expire on 31 March 2023. Application will be made to have the New Options listed; shareholders will be able to trade their rights and apply for additional shares and options. Rights to start trading from 24 November 2020

... Funds to be used primarily to support increased investment on expanded sales and marketing activities, and to increase working capital to speed up and accelerate order delivery times.
  Forum: By Share Code

nipper
Posted on: Nov 14 2020, 06:07 PM


Group: Member
Posts: 7,732

Speaking on Veterans Day, just a bit on the military view of the Thief in Chief
QUOTE
America's top military officer has spoken at a Veteran's Day event in the midst of a chaotic week at the Pentagon and said, 'we do not take an oath to a king or a queen, a tyrant or a dictator. We do not take an oath to an individual.' General Mark Milley, the chairman of the Joint Chiefs of Staff, said,.. each of us will protect and defend that document regardless of personal price'.
  Forum: Off Topic Chat

nipper
Posted on: Nov 14 2020, 12:29 PM


Group: Member
Posts: 7,732

this crowd still around. up 65% yesterday, but from a low base and what has been woeful decades long underperformance.

Highlights
  • October revenue (unaudited) of $12.6m, up 18% year-on-year
  • October net profit before tax (unaudited) of $1.05m, up $1.02m year-on-year
  • YTD net profit before tax (unaudited) of $1.60m, up 410% on the same period last year
  • October revenue surges on the back of a successful Apple iPhone 12 launch
  • Continued momentum in gaming anticipated with 'Next Gen' consoles launching in November

Small market cap of around $10 million. ~$7 million cash at bank
  Forum: By Share Code

nipper
Posted on: Nov 14 2020, 12:20 PM


Group: Member
Posts: 7,732

The securities of OptiComm Ltd will be suspended from quotation at the close of trading today, Friday, 13 November 2020, in accordance with Listing Rule 17.2, following lodgement of the Federal Court of Australia orders with the Australian Securities and Investments Commission approving the scheme of arrangement by which Uniti Group Limited UWL will acquire all of the issued shares in OPC.


( they had the synergies, that the super fund could not offer, to make it work. Now, let the dust settle and see how Uniti absorb this, their biggest acquisition. )
  Forum: By Share Code

nipper
Posted on: Nov 14 2020, 12:06 PM


Group: Member
Posts: 7,732

....given the diverse nature of the Australian healthcare industry, the chart below graphs the healthcare sector market capitalisation on a stock by stock basis... CSL contributed the largest share of sector growth over the last 10 years; it grew from an index weight of 1.8% in 2010 to 8.0% today, representing approximately 70% of the healthcare sector's market capitalisation growth over that period. What is even more impressive is that they achieved that without issuing a single share, in fact they bought back stock.

Chart: Healthcare sector market capitalisation (A$mn)

Source: Goldman Sachs. As at 28 October 2020.


R&D investment has contributed meaningful growth. The chart below demonstrates the growth CSL has generated, above its base business, through internally generated new products (including label extensions for existing products to new indications). Many of these new products are significantly more efficacious and/or have broader indications, meaning that in many instances they have grown the addressable market while also allowing CSL to take market share.

Just under 40% of CSL FY20 revenues were generated by products stemming from internal R&D programs. Given these products are typically very high margin, often being made from leftover source material from the base immunoglobulin business, the earnings contribution from these products would be even larger.

Chart: CSL new product revenue contribution


Source: JP Morgan. As at 4 November 2020.


https://www.sharecafe.com.au/2020/11/10/aus...s-in-10-charts/
  Forum: By Share Code

nipper
Posted on: Nov 14 2020, 09:41 AM


Group: Member
Posts: 7,732

QUOTE
The Australian Securities and Investments Commission is preparing to release a new report card on buy, now pay later operators early next week, after a previous November 2018 study which found one in six users had either become overdrawn, delayed bill payments or borrowed additional funds because of a buy now, pay later arrangement.

The latest report, delayed due to COVID 19, will highlight the extent that young users, many of whom would not qualify for a credit card, are paying for the instalment repayment services, despite them being interest free. Australia is a pioneer in the space globally and the sector is one of the most frothy on the equity market.

The renewed focus from ASIC could pressure Afterpay to continue to reduce the proportion of its income earned from late fees. In the last financial year, it earned $68.8 million in late fees, up 49 per cent in dollar terms as customer numbers grew but lower as a percentage of total income at 16 per cent, compared to 23 per cent a year earlier. The rest of its income is paid by merchants.

Afterpay's late fees come despite a total cap of $68 per order but it earns less from customers than main rival Zip, which charges account fees when balances are rolled over and earns around 60 per cent of its income from customers...
  Forum: By Share Code

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


Group: Member
Posts: 7,732

Interesting call; from the Sohn Hearts and Minds conference
QUOTE
One of the largest companies in Australia may not be the stock that springs to mind when thinking about the market undiscovered gems but that is how Paradices David Moberley views blood products giant CSL. There is a significant opportunity in the stock at this point in time, the fund manager said, while acknowledging that undiscovered gem is an unlikely tag for the $130 billion, top 20 listed ASX giant.

CSL shares have underperformed since March, weighed down by concerns in the market about CSL ability to find sufficient resources to fulfil customer needs, he said. The company relies heavily on blood donations as input for its treatments and the COVID 19 pandemic has made it harder for people to donate.

That has got the market concerned about future supply and what impact that will have on growth, the fund manager said, noting that the market has revised down consensus earnings on the issue. But Mr Moberley sees supply issues as a short -term hit for the company. He is been tracking data around blood collection sites and said the data suggests that, despite donor volumes remaining subdued, they have progressively increased since March.

Keep in mind that that demand profile has not changed and continues to grow, he said. The strength of that demand has prompted the US Food and Drug Administration to reduce the amount of time that an operator has to wait before using donated blood, which has shortened the inventory cycle and acts as a stopgap until donations recover, he noted.

So the supply issue is a transitory one which has been overblown by the market but has created a "rare opportunity" in CSL shares, the fund manager believes.

He described the company as one of the best businesses listed on the Australian market with a management team that is one of the country's best capital allocators. It has significant latent value in its asset base and research and development pipeline, he said.

https://www.afr.com/companies/healthcare-an...20201015-p565e8CSL is a market leader in a growing industry with significant barriers to entry that generates strong cash flow and has a rock solid balance sheet, he added..

But the market appears to have lost sight of these qualities and is focusing on a transitory COVID related impact despite signs of recovery already emerging.

Potential COVID19 vaccines and treatments are also not reflected in the CSL valuation, he said. Any success in this regard is not captured in consensus earnings in my view.

CSL is also a business that can do well regardless of the direction of the economy or volatility in the market, he said, explaining why the company is one of his highest conviction ideas.
  Forum: By Share Code

nipper
Posted on: Nov 12 2020, 08:32 AM


Group: Member
Posts: 7,732

at the end of the day, there are two bargaining chips held by incoming administration.... In no particular order (and there may we be a nexus between the two)

.... the US Military loathe Trump
.... Biden can confer (or withhold) a Pardon for the outgoing President.


There is probably a whole lot of push and shove behind the scenes.
  Forum: Investment Discussion

nipper
Posted on: Nov 12 2020, 07:51 AM


Group: Member
Posts: 7,732

Interest probably encouraged by the restructure
QUOTE
Telstra said that the proposed restructure will enable it to take advantage of potential monetisation opportunities for its infrastructure assets. The restructure is expected to be complete by December 2021. The business will be split into InfraCo Fixed, InfraCo Towers and ServeCo.

The proposed restructure is one of the most significant in Telstra history and the largest corporate change since privatisation. It will unlock value in the company, improve the returns from the company's assets and create further optionality for the future, said CEO Andy Penn.

The challenges and disruptions of the last 6 to 12 months have reinforced the increasing value of infrastructure assets globally; the importance of the digital economy, not only to business but to the whole of Australia and its economic recovery; and the dependence of the digital economy on telecommunications as its platform.

Our proposed new corporate structure reflects this new world and will help us support the foundation for it; one that is in the interests of our shareholders, our employees, our customers, and ultimately one that benefits the country overall.

might be worth holding!!
  Forum: By Share Code

nipper
Posted on: Nov 11 2020, 05:52 PM


Group: Member
Posts: 7,732

Capgemini proposes to acquire RXP Services in a recommended transaction

QUOTE
Proposed Scheme of Arrangement under which Capgemini Australia will acquire RXP for $0.55 per RXP share in cash

.... The RXP Board unanimously recommends that RXP shareholders vote in favour of the Scheme in the absence of a superior proposal and subject to the independent expert concluding that the Scheme is in the best interests of RXP shareholders

.... A Special Dividend of up to $0.05 per RXP share may be declared and paid by RXP. If the Board resolves to declare and pay such a dividend, it is intended to be fully franked and would be only payable provided that the Scheme is approved and becomes effective. If the Special Dividend is declared, the cash consideration of $0.55 per RXP share will be reduced by the cash amount of the Special Dividend
  Forum: By Share Code

nipper
Posted on: Nov 11 2020, 02:29 PM


Group: Member
Posts: 7,732

Not complaining, because I hold quite a few, and have resisted selling, but now Talga is pushing above $1.80.

No news (apart from the reality of bypassing pilot plant straight to anode production)
  Forum: By Share Code

nipper
Posted on: Nov 11 2020, 08:24 AM


Group: Member
Posts: 7,732

Calix CXL is talking up Manganese as a cathode component in LI ion batteries
there is an Update and Battery Development Program at 10.00am, Wednesday 11 November 2020.

Please register for the investor webinar at the link below:
https://us02web.zoom.us/webinar/register/WN...URhG2B1P2uTADDQ


Interesting slide pack, too
QUOTE
Cathode Chemistry .. Key Elements
Stability Voltage (V, vs Lithium)
Specific Energy (Wh/kg)
Typical Cost ($/kg)
Cost / Energy ($/kWh)
Safety
➢ The first modern electric cars such as the first generation Nissan Leaf, used Lithium Manganese Oxide (LMO) cathodes because of low cost and good intrinsic safety, at the expense of lower capacity and lifetime (stability)
➢ And Li Ion stationary energy storage systems are less interested in energy density, and more in cost, safety and stability
➢ Tesla has used Nickel Cobalt Aluminium (NCA) and a lot of other carmakers use Nickel Manganese Cobalt (NMC) due to higher energy densities, albeit at higher cost and safety concerns
➢ However, Tesla has stated it will move to Lithium Iron Phosphate (LFP) chemistry for its Model 3 cars for the Chinese market, mainly driven by safety, cost and longevity, and….
Manganese .... back with a vengeance ?! Tesla is now targeting lower cost, safer, more environmentally acceptable chemistries, switching to Manganese
  Forum: By Share Code

nipper
Posted on: Nov 10 2020, 08:35 PM


Group: Member
Posts: 7,732

Hipages is an Australia based online platform and software as a service provider that aims to connect tradies and consumers in order to resolve difficulties that come with organising and coordinating home improvement jobs. The platform provides an efficient, technology driven model to connect consumers with qualified tradies, and facilitates the management of other elements of the home improvement process, such as communication, payment and ratings and recommendations.

At the end of FY2020, hipages had over 36,000 paying tradie customers using the platform. The majority of these tradies are sourced from Victoria and New South Wales, with those two states representing 28% and 37% of the total tradie base respectively.
QUOTE
Australian tradesperson matching site Hipages Group Holdings Limited (ASX: HPG) is floating this week with a market cap of $318.5 million. The company has raised more than $100 million in the IPO, at $2.45 per share.

Hipages is a website and mobile app where any Australian can post a task to be done, and tradies will bid to do the work.

Despite its evolution over 2 decades, the original intent for the site remains remarkably intact.

In the early 2000s, co-founder and chief executive Roby Sharon-Zipser and his wife bought a flat just after they married. It required extensive renovations and Sharon-Zipser was intimidated by what they had got themselves into.

I did not know how to project manage, I did not know if I could trust the tradies, I didnot know where to get the tradies, I didnot know how to pay the tradies, he told The Motley Fool. It was really complicated and we were unhappy. I thought there had to be a business opportunity there.

He then started to research a business case, which led to a surprising finding. Interestingly enough, when I spoke to tradies they were really unhappy as well, he said. They didn’t really understand how to market themselves online. A lot of the technologies and search engines were just getting started. They found it really frustrating – they had a lot of people trying to sell them really expensive products.


Why the IPO now?

Institutional investors have asked Sharon-Zipser many times about the timing of going public. Rather than third party factors like the current thirst for tech, public perception of the company and industry maturation were key.

We have started to get the right level of brand awareness. People are now familiar with the technology, he said. We are at the cusp of technology adoption for what was relatively an unsophisticated category, now wanting to take on technology. And we’ve seen an acceleration of that with COVID-19.”

The Hipages name has also been boosted by its commercial relationship with the hit television renovation show The Block.

<h2 style="text-align:start">What is the Hipages moat?</h2> The competitive advantage for Hipages, Sharon-Zipser believes, is that it has few rivals.

“We’re the only platform in Australia totally dedicated to home improvements and home services – and at scale.”

Hipages does have younger rivals such as ServiceSeeking. But Sharon-Zipser said there are no shortcuts in building a substantial directory business, so its first-mover advantage is invaluable.

“We’re talking 10 to 20 years… it takes a huge amount of time to build up a network of trades across the country. And we’ve done that.”

Media giant News Corporation (ASX: NWS) evidently agreed, buying a reported $40 million stake back in December 2015.

Just before the IPO, that piece was worth 30%. Upon the ASX listing on Thursday, News Corp will own 25.7% of all Hipages shares, now worth $81.8 million.

Hipages’ revenue comes from monthly subscription fees from tradies. There is no cost for consumers.

In financial year 2020, the company raked in $46.9 million in revenue, with a net loss of $4.16 million. Pro forma forecast for the current year is $53.9 million revenue and a $1.75 million net loss.

<h2 style="text-align:start">Hipages’ growth prospects</h2> Sharon-Zipser told The Motley Fool the company has no immediate plans to expand outside Australia.

Apparently his team has a full plate already. There are 257,000 trade businesses in Australia. We have 36,000 of them purchasing product off us. We see massive opportunity still in the domestic market.

As icing on the cake, the COVID19 pandemic impact on the home improvements industry was a complete surprise. To be fair, I did not expect the surge that we are seeing. We all saw a little bit of a wobble in March… But the recovery and turnaround within weeks was a little unexpected.
Motley Fool
  Forum: By Share Code

nipper
Posted on: Nov 10 2020, 10:49 AM


Group: Member
Posts: 7,732

Highlights
• A new gas discovery in the Victorian Otway Basin at exploration well Enterprise 1
• Preliminary net gas pay estimate of 115 metres in the Upper Waarre Formation
• Sampling indicates a low CO2 gas composition
• Well to be cased and suspended ahead of connection to the Otway Gas Plant
QUOTE
Beach Energy Limited (ASX: BPT) is pleased to announce a gas discovery at Enterprise 1 in licence VIC/P42(V) (Beach 60% and operator, O.G. Energy 40% interest) in the nearshore Victorian Otway Basin. Enterprise 1 was spud from an onshore location, 3.5 km from Port Campbell and 8 km from the Otway Gas Plant.

The well was drilled directionally using an extended reach drilling (ERD) approach to deliver a well with a 3.2 kilometre stepout, to target a location within the offshore permit VIC/P42(V). The well was successfully drilled to a total depth of 4,974 metres measured depth (MD) and encountered the primary reservoir target of the Upper Waarre Formation 89 metres high to prognosis at a depth of 4,594m (MD) (2,052 metres vertical depth sub-sea).

The well intersected 146 metre of gas column in the Upper Waarre Formation, including 115 metres of net gas pay with no gas/water contact identified. Sampling indicates a gas composition with 10% CO2 by volume.

- it is offshore so outside Dan's Ring of Steel, but drilled from land so no messy platform and pipeline configuration, let alone crew change dramas. And close to an existing gas plant. Trifecta.
  Forum: By Share Code

nipper
Posted on: Nov 10 2020, 10:42 AM


Group: Member
Posts: 7,732

I presume, Mick, that would be on the It is better to be six months early than six minutes late approach to risk management and protection of your asset base?
  Forum: Investment Discussion

nipper
Posted on: Nov 10 2020, 09:36 AM


Group: Member
Posts: 7,732

QUOTE
the news sent shorts flying to cover at any cost!!


How true.... at the open. Such dispersion. Gold down, oil up; retail down, financials up, momentum down, value up
  Forum: Macro Factors

nipper
Posted on: Nov 10 2020, 09:34 AM


Group: Member
Posts: 7,732

QUOTE
Inflation is the next likely step, and when it does, with so much money slopping around , it will be big.
.... but when?

It is an interesting week.
  Forum: Investment Discussion

nipper
Posted on: Nov 9 2020, 06:19 PM


Group: Member
Posts: 7,732

http://mgl.io/69eT0

.
.
Critical Minerals.
  Forum: Investment Discussion

nipper
Posted on: Nov 9 2020, 02:26 PM


Group: Member
Posts: 7,732

Alcidion up 50%, to 19c, on picking up a major contract
Highlights
ALC has signed its largest ever Miya Precision contract representing $9.5M TCV over 5 years
• Second NHS trust to procure both Miya Precision and Better OPENeP solution in the last year
• With $5.48M of TCV to be booked in FY21 from this contract, total revenue now sits at $20.2M able to be recognised in FY21... vs $18.6M in FY20 with 7 months of the year remaining
  Forum: By Share Code

nipper
Posted on: Nov 9 2020, 10:07 AM


Group: Member
Posts: 7,732

Macquarie Infrastructure and Real Assets had made a $1 a unit cash bid for ASX listed agricultural land owner Vitalharvest Freehold Trust, via a scheme of arrangement, or if that fails then it proposes to pay $300 million for all of the trust units.

According to the Vitalharvest annual report, its biggest shareholders at August 31 were Primewest (13.92 per cent), Australian Ethical (8.11 per cent), Salt Funds Management (8.07 per cent) and Costa Asset Management (6.24 per cent).

MIRA's two pronged offer for Vitalharvest was designed to get past a potential no vote from Primewest.
  Forum: By Share Code

nipper
Posted on: Nov 9 2020, 09:01 AM


Group: Member
Posts: 7,732

QUOTE
Two days out from the US presidential election, the chief economist of the International Monetary Fund issued a warning. She said the global economy was in a liquidity trap.

For the first time, in 60 per cent of the global economy, including 97 per cent of advanced economies, central banks have pushed policy interest rates below 1 per cent. In one fifth of the world they are negative," Gita Gopinath warned.

With little room for further rate cuts, central banks have deployed unconventional methods.

Despite this effort, persistently low inflation, and in some cases intermittent deflation, has raised the spectre of further monetary easing to achieve negative real rates if another shock strikes. It has led to the inescapable conclusion that the world is in a global liquidity trap, where monetary policy has limited effect.

We must agree on appropriate policies to climb out, she said.
If their combined analyses are correct, there will be implications for Australia.

It means interest rates will be near historic lows for years, and governments will shoulder the majority of the burden for re inflating the economy .... rather than the RBA.

https://www.abc.net.au/news/2020-11-08/the-...y-trap/12861324

.............. people looking to save are not going to get good outcomes in the current environment
.
  Forum: Investment Discussion

nipper
Posted on: Nov 7 2020, 08:22 AM


Group: Member
Posts: 7,732

Transition Pathway To UNSW A Transformative Deal for OpenLearning
By James Dunn
https://www.sharecafe.com.au/2020/11/02/tra...r-openlearning/

There are companies that have suffered big blows from COVID; there are companies that have benefited from COVID; and there are companies for whom COVID has only accelerated trends in their markets that were already happening.

Edtech company OpenLearning Limited (OLL) is firmly in the latter category. OpenLearning delivers education online, and COVID meant that universities were not doing face-to-face learning – especially for their international students, who couldn't come to Australia. OpenLearning helped fill the gap – but that gap only sold the company's offering even better.

QUOTE
During COVID, most institutions have really just implemented stopgap solutions; they've just used Zoom to run virtual classes, or they've uploaded their PowerPoint slides to their learning management system that they've had for over a decade, says Adam Brimo, founder and chief executive officer at OpenLearning. But once the institutions got over that initial period where they just had to use a stopgap solution, now they are looking at how they actually deliver a much higher quality experience, and differentiate themselves from their competitors.
If everyone is just running virtual classes on Zoom and distributing PowerPoints, first of all, the students are not going to pay the same fees, and second, if the quality is low, people are not going to meet the outcomes. If you are a top university or top education provider, you are going to want to offer your students something better. OpenLearning is the 'something better', says Brimo.

The other major pivot for OpenLearning came last week, when the company announced a five year agreement with Sydney based Top 50 global university, the University of New South Wales (UNSW), to design and deliver an online pathway program for international students coming into UNSW, for the universitys global arm, UNSW Global, through its OpenLearning platform.

OpenLearning first partnered with UNSW Global in May 2020 to launch the online University English entry course: the first batch of students had high satisfaction and completion rates for the interactive ten-week course, and the university was impressed enough to extend the partnership into OLL running UNSW Global's online transition program. The first cohort of students will commence the new online Transition Program in early 2021.

The program, which will be a four month commitment by students, is based on a pre existing oncampus program: while it will offer the same learning and pathway outcomes as its face to face counterpart, the delivery style will be completely different, says Brimo.

QUOTE
Our specialisation is project based social learning to encourage interaction, and we have reimagined the UNSW Transition Program along those lines. This will be the first time that our socially constructive and community driven approach will be combined with a teaching model that integrates personalised coaching in a small group, along with continuous portfolio-based assessment and interviews instead of exams, he says.

The program offers students more feedback from teachers along with a high level of peer interaction. This is a progressive shift from teacher led to student-led sessions that provides accountability for students, but even more importantly, great support, says Brimo.

OpenLearning is responsible for the design and delivery of the program, from student applications through to delivery, student support and assessment while UNSW Global is responsible for curriculum, content, marketing and quality assurance. An individual online portfolio is automatically generated to help teachers track their students' progress during the program. Brimo says this arrangement makes it possible to tailor coaching and support for every student, while monitoring academic integrity.

We think there is going to be very strong demand for this style of program even when international travel resumes, because students and their parents will be looking for a cost effective, high quality pathway that they can complete from home. And it enables them to get into one of Australia's top universities, says Brimo.

The deal is "transformative" for OpenLearning, both in terms of the additional revenue stream it provides and the nature of the work the company will undertake, Brimo says. Prior to COVID, we were solely focused on a fee-for-service model, whereby we charge for our platform and learning services. And our revenue from that model has continued to grow, but in light of the challenges posed by COVID, we began to discuss co-investment and revenue-share models with our customers, and our partnership with UNSW Global is the first significant example of this.


The revenue share model is also likely to come into play in OpenLearning's major new growth plank, its OpenCreds product, launched in July. OpenCreds enables education and training providers, companies and industry associations to create "stackable" courses that lead towards credit, which could be a formal qualification, recognition by a professional body, a component part of employer training, part of continuing professional development requirements, or simply, recreational learning.

Brimo says OpenCreds is mainly aimed at the professional development/upskilling market in its key Australian and Malaysian markets – any industry where people need to continue to upskill to stay relevant, to stay ahead of technological change and automation, or any industry where there is a high level of professional development. You're talking about technology, teacher professional development, business skills, leadership. These are markets where companies would previously have sent executives or managers to a face to face course or workshop, but now it can be done online, he says.

The company is handily cashed up, after tapping the market last month for a $5.94 million raring through a share placement that used its full 15% placement capacity (that is, without requiring shareholder approval), a deal that in the first instance will help fund the set-up of the UNSW Global program. With the existing cash balance, Brimo says OpenLearning has more than $10 million in the bank.
QUOTE
We have got a lot of growth initiatives planned, but that will definitely give us the resources to execute on those opportunities,
he says.
  Forum: By Share Code

nipper
Posted on: Nov 7 2020, 08:13 AM


Group: Member
Posts: 7,732

OL Group commenced operations in Australia in 2012, with an expansion into the South East Asian market (primarily Malaysia) commencing in 2015. OL Group initially provided its platform for free to institutions and the general public and generated revenue from learning design services.


In September 2017, OL Group restructured its operations and monetisation strategy to operate as a software as a service (SaaS) business whereby it would charge annual license, support and hosting fees for its platform to education providers worldwide.

The OL Group continues to develop and operate its proprietary global cloud online learning platform (OL Platform), which enables education providers to design and deliver both accredited and non-accredited courses, micro-credentials and degrees. OL Group derives revenue through:
a) operating the OL Platform as an SaaS;
b) offering learning design services to education providers that utilise the OL Platform (Design Services); and
c) student acquisition for course delivered on the OL Platform (OL Marketplace).

OL Group has iteratively developed, deployed and tested its approach, model and technology over the past 7 years in high-income and emerging markets, with a diverse range of education providers, including top ranked universities in Australia, training providers in the United States and government departments in Malaysia.

OLL listed on the ASX during December 2019.
  Forum: By Share Code

nipper
Posted on: Nov 7 2020, 08:07 AM


Group: Member
Posts: 7,732

Stavely Minerals Shores Up Copper Resource At Cayley Lode
By Gavin Wendt

https://www.sharecafe.com.au/2020/11/06/sta...at-cayley-lode/
QUOTE
Summary

The latest drilling results are significant because they demonstrate ongoing consistency and continuity of mineralisation within the Cayley Lode. The recognition that SVY should be using a Magma/Butte high grade structurally controlled mineralisation model for its drill targeting has been rewarded in the form of encouraging drill results and share price recognition.

The deposit's potential scale is significant and SVY is therefore accelerating its drilling program to define the full extent of the Cayley Lode and other mineralised structures, including the Copper Lode Splay and the North South Structure.

Resource drilling is continuing, with four rigs operating on a roughly 40m x 40m drill pattern, and a further two rigs set to join the program. It is expected that an interim Mineral Resource estimate for the shallow portions of the Cayley Lode will be completed during H2 2020.
  Forum: By Share Code

nipper
Posted on: Nov 6 2020, 02:27 PM


Group: Member
Posts: 7,732

SP clawing its way up...
..
The first nine holes of 20,500m infill drilling campaign at the Paris Silver Project have been announced, and have returned some good high grade intercepts. Some 276 holes to go.
  Forum: By Share Code

nipper
Posted on: Nov 6 2020, 09:15 AM


Group: Member
Posts: 7,732

looks like it is RISK ON
QUOTE
the latest US election vote count means it looks like the Democrats will fail to win control of the US Senate, which in turn equalled the probable continuance of gridlock style filibuster tactics capable of blocking legislation too far from a moderate consensus in Congress.

  Forum: Macro Factors

nipper
Posted on: Nov 6 2020, 09:02 AM


Group: Member
Posts: 7,732

QUOTE
On June 24th, 2019, Birimian Limited (BGS) changed its name and ASX code to Mali Lithium Limited (MLL).
then
QUOTE
On November 6th, 2020, Mali Lithium Limited (MLL) changed its name and ASX code to Firefinch Limited (FFX).
..• Goulamina Lithium (spodumene) deposit is simple and robust with high ore grades and low strip ratios enhancing profitability • Strategic review underway to release shareholder value (IE probably sub economic, so we will sell)
QUOTE
Firefinch Limited (ASX: FFX) (formerly Mali Lithium Limited) is pleased to announce the adoption of a new brand and identity. The Company will commence trading under the name Firefinch and the ASX code FFX as of Friday 6 November.
The firefinch is the national bird of Mali. Executive Chairman Alistair Cowden said the change heralds a new chapter and supports the Company's strategic transformation initiated when the Company agreed to acquire the Morila Gold Mine in Mali in August 2020
OUR PLAN FOR MORILA

IMMEDIATE

• Complete acquisition: approximately US$27 million by Nov 6th, 2020
• Maintain tailings retreatment and cashflow, investigating extending tailings life
• Commence infill and extension drilling at satellite pits, Morila and Koting discovery

RAMP UP PRODUCTION
• Resource and Reserve estimates for Morila, satellites and tailings
• New mine plan, operating and capital costs, production schedule
• Commence mining at N'Tolia and Viper to increase production
• Dewater Morila, re-establish tailings dam, refurbish power station:

BRING BACK MORILA
• 4.5mtpa production from Morila pit
• Near mine and regional exploration for 10 year plus life
  Forum: By Share Code

nipper
Posted on: Nov 5 2020, 04:43 PM


Group: Member
Posts: 7,732

Making mischief, when attention is elsewhere, prior to election decision and before inauguration
  Forum: Investment Discussion

nipper
Posted on: Nov 3 2020, 07:52 PM


Group: Member
Posts: 7,732

Still watching.. thanks for that article 👍
  Forum: By Share Code

nipper
Posted on: Nov 3 2020, 01:55 PM


Group: Member
Posts: 7,732

Slow horses and fast women... Story Of My Life
  Forum: Off Topic Chat

nipper
Posted on: Nov 2 2020, 02:58 PM


Group: Member
Posts: 7,732

good DD results keep coming
QUOTE
Exceptional High Grade Gold in Cayley Lode with Best Ever Intercept of 48m at 1.39% Cu and 6.33g/t Au

Spectacular new shallow intercept includes 16.7m at 3.13% Cu and 17.93g/t Au, including 2m at 132g/t Au located ~80m along strike to the NW from the discovery hole

Resource drilling is continuing on a 40m x 40m drilling grid with four rigs operating and two further large capacity rigs have commenced deep drilling targeting the core of the underlying porphyries inferred from a recent seismic survey.
  Forum: By Share Code

nipper
Posted on: Nov 2 2020, 08:33 AM


Group: Member
Posts: 7,732

so much for a leading Australian online Mobile Services Provider
QUOTE
Optus has acquired the amaysim mobiles business in a $250 million cash deal.

Proceeds from the sale of the mobiles business, combined with the $115 million sale of Click Energy to AGL Energy announced in late August, will see between $207.2 million and $225.7 million distributed to shareholders.

This is equivalent to between 67¢ a share and 73¢ a share. amaysim shares closed at 67¢ on Friday.

There will be an additional 11¢ a share from franking credits.

Capital will be returned to shareholders in three distributions.

After the final distribution the company will delist from the ASX and wind up.
  Forum: By Share Code

nipper
Posted on: Oct 31 2020, 04:16 PM


Group: Member
Posts: 7,732

Just getting a few things straight .... and former RBA governor Ian Macfarlane should hold the institutional memory .... Whitlam and Co get a lot of stick for the early '70s, but the system was teetering under the previous Liberal coalition
QUOTE
For a start, the growth of production and employment during the 30 year post war Golden Age was stronger than any period before or since. We had high levels of protection against imports, with little or no competition from developing countries.

We had a strong union movement, confident that in pushing for higher wages it was not jeopardising workers job prospects. We had a centralised system for setting wages, with widespread indexation of wages to the consumer price index.

Our businesses took a cost plus approach to their prices. If wages or the cost of imported components rose, this could be passed on to customers, confident your competitors would be doing the same. That is, firms had pricing power.

Finally, business, union and consumer expectations about how fast prices would rise in future were quite low at the start of the period, but they picked up and, by the end, had become entrenched at a high rate.

This macroeconomic environment was clearly conducive to rising inflation, and it took one policy error to push it over the limit, Macfarlane says.

Under the McMahon government, the predecessor of the Whitlam government, fiscal policy was made expansionary even though the inflation rate was already 7 per cent. Monetary policy was eased, with interest rates remaining below the inflation rate. And the centralised wage fixing system awarded 6 or 9 per cent pay rises.

So, that is how we acquired an inflation problem. What changed in the second 30 year period of declining inflation? Macfarlane thinks the defining feature of the later period was that, in the long struggle between capital and labour, the interests of capital took precedence over those of labour. That is, the bargaining power of labour collapsed.


https://www.smh.com.au/business/the-economy...569up.html?btis
  Forum: Macro Factors

nipper
Posted on: Oct 31 2020, 11:30 AM


Group: Member
Posts: 7,732

Wall Street closed out another punishing week Friday with the S&P 500 posting its first back to back monthly loss since the pandemic first gripped the economy in March.

The S&P 500 dropped 1.2% and ended the week with a 5.6% loss, its worst in seven months. Sharp drops in big technology stocks drove much of the selling, reflecting worries that expectations built too high for some of the market's biggest stars, including Apple and Amazon. Investors have bid up shares in those and other Big Tech companies this year, anticipating they would deliver strong profits, but their latest results and uncertain outlooks left traders wanting.
  Forum: Investment Discussion

nipper
Posted on: Oct 31 2020, 08:54 AM


Group: Member
Posts: 7,732

I had been following NML, bought and sold it a few times years aago with not much success, Finally it seems persistence has paid off for them

Navarre Minerals – (ASX: NML) Market Cap: $133m.




Key Catalyst
Completion of acquisition of Jubilee Gold Project in central Victoria, located in world-class gold district, 25km from the LionGold Corp Ballarat gold operations.

We initiated coverage of NML during March 2019 on the basis of its exposure to the burgeoning Victorian exploration scene. NML is focused solely on Victoria, specifically the search for gold deposits within a corridor of rocks that hosts the Stawell (~5 million ounce) and Ararat (~1 million ounce) goldfields. The company aims to discover and develop the next generation of multi-million ounce gold deposits by unlocking the mineral potential of central and western Victoria's emerging and proven mineral corridors. NML has performed solidly in share price terms, benefitting initially from encouraging results being generated from Stavely Minerals' (ASX: SVY) Thursday's Gossan copper deposit, located 30km to the west of NML's Stawell Corridor Gold Project. Another key project is the Tandarra Gold Project, where high-grade gold has been discovered under shallow cover 60km northwest from the Fosterville Gold Mine.

Latest Activity

Jubilee Project Acquisition
NML has provided an update with respect to the status of its Jubilee Project acquisition in Victoria, which has delivered the company full control over a complementary and strategic high-grade gold exploration asset, situated 25km southwest of Ballarat.

Overview
NML has completed the acquisition of the Jubilee Gold Project in central Victoria, following transfer of exploration licence, EL6689 and a final cash payment to the vendor.

The project is situated within a world-class gold district, 25km from LionGold Corp's Ballarat gold operations. Historically, the Jubilee Gold Mine produced approximately 130,000 ounces of gold at a recovered grade of 12 g/t, but area has remained virtually untouched for more than a century.

An initial air core drilling program is scheduled to start in November as a precursor to potential diamond drilling testing of new geophysical anomalies that are thought to represent repetitions and extensions of the Jubilee quartz reefs.

Details
NML has finalised an agreement to acquire 100% of the Jubilee Gold Project following transfer of exploration licence EL6689 and a final cash payment of $20,000 to the vendor. The exploration licence has been purchased on the following basis:



The exploration potential of the project includes extensions and repetitions of the mineralised envelope and high-grade shoots historically mined throughout the Jubilee Mine underground workings. Although operations ceased during 1913 in mineralised quartz at the bottom level of the Jubilee Mine, no extraction or exploration is known to have occurred since that time.

Recent mapping has identified several other prospect areas on the tenement that will also be targeted during the drilling season. NML is presently preparing for its maiden aircore drilling program, ahead of a later diamond core program.



Figure 1: Location of EL6689 that hosts the Jubilee Gold Project, in proximity to the Ballarat Goldfield, Victoria.

Technical Significance
The 122 sq km Jubilee Project incorporates the historical 619 metre deep Jubilee Gold Mine (mined from 1887 to 1913) that produced approximately 130,000 ounces of gold at a recovered grade of around 12 g/t from a single east west trending (transverse) quartz reef. Since the mine closed, there have been no reported modern attempts at sustained exploration and no drilling. The property occurs within a highly prospective and prolific mining district, in close proximity to a significant operating gold mine and processing facility located nearby within the historical 12 million ounce Ballarat Goldfield.

Since gaining access to the property, NML geologists have uncovered three main target areas thought to be potential repetitions and extensions of the historical Jubilee quartz reefs (Targets A – C). This is a result of compiling historical reports, surface geological mapping and completing a geophysics program using both Gradient Array Induced Polarisation (GAIP) and magnetic methods. An initial air-core drilling program to test these targets is scheduled to commence in November 2020 as a precursor to potential diamond drill testing.



Figure 2: Jubilee perspective view showing reconstruction of historical mine workings (black), Jubilee Main Lode (red) and interpreted geophysical (GAIP chargeability and resistivity) target areas (yellow & red dash).

Summary
The acquisition of the Jubilee Project is significant, as it delivers the company full control over a complementary and strategic high-grade gold exploration asset, situated 25km southwest of Ballarat.

Meanwhile, NML is involved in an active drilling campaign. It recently welcomed the arrival of a second diamond drill rig at its 100%-owned Irvine Project, 20km of Stawell's operating mine, where NML is conducting an ongoing resource definition and extension drilling program at Resolution Lode, on the Irvine basalt dome. This program has been extended from 10,000 metres to 12,000 metres, with approximately 7,000 metres completed year to date.

The overall drilling will scope out the depth and strike potential of the Resolution Lode discovery on the eastern flank of the Irvine basalt dome, with the aim of delivering a maiden mineral resource by the end of the March quarter 2021.


https://www.sharecafe.com.au/2020/10/30/nav...ld-acquisition/
  Forum: By Share Code

nipper
Posted on: Oct 30 2020, 08:17 PM


Group: Member
Posts: 7,732

Was at a friend's place in Drummoyne this afternoon (under the flight path), and I swear it was like the old days ... From 4:30 to 6pm, there was a plane coming in to land every 5 minutes
  Forum: Off Topic Chat

nipper
Posted on: Oct 29 2020, 02:02 PM


Group: Member
Posts: 7,732

AR9 has announced the acquisition of global information protection business, Nucleus Cyber. At the time of writing, the Archtis share price is trading at 39 cents, up 3 cents.

Nucleus Cyber provides advanced information protection solutions that prevent data loss and protect against insider threats across the Microsoft Corporation software suite. Microsoft is the world's largest supplier of digital collaboration products to government, enterprise and SMEs. Microsoft boasts 115 million daily users of its Teams platform, and the Nucleus Cyber technology solutions operate seamlessly in conjunction with these products.

For example, its protection solution provides a simpler, faster and cheaper solution to tailor information protection for file sharing, messaging and chat across collaboration tools. Nucleus Cyber customers include companies such as Virgin Australia Holdings Ltd, the Australian Government Department of Defence and Department of Health, Melbourne Polytechnic and Paramount Pictures.

Archtis will acquire 100% of Nucleus Cyber for a total potential consideration of up to $9.75 million in Archtis shares. The company believes that this acquisition is highly strategic and transformational for its growth trajectory and global presence. Archtis will gain immediate presence in the key North American market, as well as access to the Microsoft business product suite.
  Forum: By Share Code

nipper
Posted on: Oct 29 2020, 01:52 PM


Group: Member
Posts: 7,732

ANZ beat market expectations with a rebound in cash earnings in the second half, helped by lower provisions for bad debts due to the pandemic that offset declining interest margins. Cash profit for the second half was 66% higher than the first half at A$2.34 billion, boosted by provision charges that were over a third lower than in the first six months of the year.

The fourth largest lender said it would lower dividends to put more money aside for potential losses due to the economic impact of COVID19; it declared a final dividend of 35 Australian cents per share, some 49% of statutory earnings, in line with a directive by regulators asking that payouts be less than half the year's profit.

The cautiously upbeat attitude came with little earnings guidance for the year other than an expectation that near zero interest rates would lower net interest margins (NIM), a key metric of profitability, by a further 3 basis points. While also lower than the most optimistic expectations for provision charges, the second half A$1 billion charge moved its loss provision balance to a record A$5 billion.
QUOTE
Despite the environment, we feel in a really strong position to deal with this, Chief Executive Officer Shayne Elliott said in an earnings call. Things are going to get a bit tougher but that is OK. We've got a really strong balance sheet (and) really strong credit provisioning for when and if things go wrong.
  Forum: By Share Code

nipper
Posted on: Oct 29 2020, 10:25 AM


Group: Member
Posts: 7,732

Texas based activist short seller Soren Aandahl from Blue Orca has taken on Seek, claiming that its business Zhaopin is full of junk listings.

QUOTE
Companies we called about their job postings on the website even stated directly that the posts were fraudulent. Our due diligence also uncovered a whistleblower claim by a Chinese college student alleging that Zhaopin pays people to submit fake resumes, Blue Orca writes in research released at 10.29 AEDT.

The short seller also claims that Seek is a rollup, reliant upon capital markets to fund acquisitions, and the true nature of its leverage is much higher than the reported 3.2 times net debt to EBITDA.
QUOTE
Rather than valuing Seek as a fast growing online recruiting platform, we value Seek for what it is ...a slow or no growth platform whose core business is shrinking and which carries a dangerous amount of debt.

Blue Orca reckons Seek is worth only $7.20 a share. It's down 9.5 per cent on Blue Orca's report.

Seek is among the top 30 most shorted stocks with 5.23 per cent of the register loaned out to speculators, according to data compiled by Shortman.
  Forum: By Share Code

nipper
Posted on: Oct 29 2020, 09:48 AM


Group: Member
Posts: 7,732

On current budgets, with ~$5m cash and term deposits on balance sheet, the Company is well funded to achieve operating cash positive. However, given the uncertainties of Covid 19, the precise timing of achieving sustainable quarterly operating cash positive is unclear.

Outlook
Record Quarter Expected
De.mem expects its best ever quarter for the December quarter 2020, with a minimum of $4.5 million in cash receipts expected, driven by recent contract awards and recurring revenue growth.

Upgraded CY20 Revenue Guidance
Given the strong outlook, De.mem upgrades its full year CY20 cash receipts guidance to $15m to 18m.
At $15m, De.mem would be reporting approx. 30% growth relative to CY 2019 cash receipts, a record year and record annual growth rate for the Company, despite the uniquely challenging macroeconomic environment during the year created by Covid 19.

CY 2021 Outlook
The Company has a positive outlook for CY 2021, supported by:
• Recent project awards.
• A strong pipeline.
• Strong momentum in recently acquired business De.mem Pumptech and De.mem Geutec (including ongoing cross sell opportunities).
• Sales momentum of the newly hired Australian sales team.
• Growing customer intent to commission new projects, as projects previously paused due to Covid 19 are now coming onstream.
  Forum: By Share Code

nipper
Posted on: Oct 29 2020, 08:37 AM


Group: Member
Posts: 7,732

Fasten Seat Belts
  Forum: Macro Factors

nipper
Posted on: Oct 28 2020, 04:47 PM


Group: Member
Posts: 7,732

Returning Antarctic expeditioners with no experience of life under Covid have been sent videos of how to responsibly shop, drink at pubs and socialise, to soften their culture shock.

The Australian Antarctic Program is going to extraordinary steps to ensure returning expeditioners are prepared psychologically and in practical knowledge to deal with the do’s and don’ts of the ‘new normal’ back home.
QUOTE
When a number of these expeditioners went south, COVID19 was not part of our vocabulary ... this has happened while they’ve been in Antarctica, said Maree Riley, organisation psychologist with the Australian Antarctic Division.

Whilst we have all been social distancing, isolating and wearing masks, our expeditioners in Antarctica have been going about their normal daily routine without any real impact.
  Forum: Off Topic Chat

nipper
Posted on: Oct 28 2020, 03:47 PM


Group: Member
Posts: 7,732

PolyNovo shares advanced 8.7 per cent to $2.74 after its NovoSorb BTM was approved by the Taiwan FDA for sale in the country.
  Forum: By Share Code

nipper
Posted on: Oct 28 2020, 03:14 PM


Group: Member
Posts: 7,732

enthusiastic buying up to $1.25. ... with a 15% lift today. TLG has got to be close to blow off, though. Nothing announced, a good presentation at a CSIRO conference, but that was a fortnight ago.
  Forum: By Share Code

nipper
Posted on: Oct 28 2020, 03:05 PM


Group: Member
Posts: 7,732

Pilbara Minerals and Galaxy Resources have rushed straight to the Altura Mining lender group ( note holders which include fund managers Castlelake, CarVal, Nomura and Clearwater Capital) to try and stitch up a snap deal to acquire the embattled lithium play (now under admin with Korda Mentha).

Pilbara shapes as the frontrunner in the race and has always been a logical acquirer of Altura, given its lithium project is directly adjacent to Altura at Pilgangoora, near Port Hedland in Western Australia. However if it did snap it up, fund managers reckon it would need to launch a hefty equity raising to fund the deal, somewhere in the order of $250 million. Pilbara had $83 million cash on hand as of June this year.
  Forum: By Share Code

nipper
Posted on: Oct 28 2020, 03:02 PM


Group: Member
Posts: 7,732

receivers called in. Noteholders forcing some action ...sauve qui peut
  Forum: By Share Code

nipper
Posted on: Oct 28 2020, 12:48 PM


Group: Member
Posts: 7,732

thanks to Beaches at ASF:

https://smallcaps.com.au/china-sends-warnin...ff-rare-earths/
  Forum: Investment Discussion

nipper
Posted on: Oct 28 2020, 12:42 PM


Group: Member
Posts: 7,732

QUOTE
As announced on 22 October 2020, Vortiv intends to return to shareholders a significant portion of the net cash proceeds from the sale of its cybersecurity businesses.
Subject to the outcome of an ATO Class ruling, the intends to Board distribute approximately $20 million in net sale proceeds to Shareholders by way of a limit-based, equal access share buyback.
The Buyback price is estimated to be between 18.5 cents and 19.5 cents per share, supported by the expected net tangible asset backing of the Company following completion of the sale of the Business after taking into account, tax payable on the sale of the Business and on current year profits
.
Currently 16c. ... and just 2 months to go. Is there an assured 10-15% upside??

Until the fat lady has her go, in other words the transaction is bedded down and locked in, there is often a bit of uncertainty in the market. Currently VOR is finding it hard to get past 16c as sellers head for the exit. Also the uncertainty of the pricing (any surprises and it slips lower) and the tax nature of the payout (some as dividend and the rest as return of capital) may not suit everyone.
But also current market voting with its feet does not hold much faith in or ascribe any value to the rump remainder, the Indian TSI biz, which will likely...
QUOTE
[....form] the main undertaking. The Board has identified acquisition opportunities in the Australian technology sector that can complement the Company exposure to ATM and associated payments technology which the Company has through its shareholding in TSI India.

I never liked TSI, despite the hoopla, as I have never seen how a small foreign outfit can grow, make profits and achieve scale, when up against ingrained cultural and business differences, as exercised on the subcontinent. Especially something like ATMs, an interim technology at best. And payments.... it has to be tech (coding) but this is hardly a wide open field with minimal aspirational competition or deep pocketed incumbents.
  Forum: By Share Code

nipper
Posted on: Oct 28 2020, 09:51 AM


Group: Member
Posts: 7,732

Gold isn't going anywhere. short term. there is no fear or panic.

could zip in, nip a few, let them rip. make a bip (pr two) and then if one starts to dip, cash in the chip. Stay unjoined at the hip, and this is no tip, so no lip if there is a slip.
  Forum: Macro Factors

nipper
Posted on: Oct 28 2020, 08:50 AM


Group: Member
Posts: 7,732

China's virus triumphalism could be premature

Leader cults rarely end well anywhere – and there is little reason to believe that China under Xi Jinping will ultimately be any different. Gideon Rachman

Columnist

In 2009, Martin Jacques, a British author, published a bestselling book, When China Rules the World. Mr Jacques is now running a victory lap. He recently proclaimed that we will remember 2020 as the moment of the Great Transition. The year when China replaced the US as the world's leading power. Believers in a "great transition" see COVID 19 as the handmaiden of history. The pandemic started in China. But the Chinese government has done a much better job of containing the disease than the US.


According to Johns Hopkins University, the total number of US deaths from COVID 19 stood at over 223,000 at the end of last week compared with 4379 in China. With the disease contained, the Chinese economy is rebounding and looks set to grow 2 per cent this year, making it the only G20 economy to expand. The US economy is likely to shrink by 3 to 5 per cent and the major European economies are in trouble.

China's ability to enforce quarantines and test widely is generally seen as crucial to the country's success. At a recent ceremony, handing out medals to citizens for their work on COVID 19, President Xi Jinping announced that the pandemic once again proves the supremacy of the socialist system with Chinese characteristics.

While the Chinese elite is patting itself on the back, the US establishment is aghast. The New England Journal of Medicine recently noted in an editorial that "our leaders have failed...They have taken a crisis and turned it into a tragedy.

This scathing criticism of the Trump administration has not, however, led to the arrest of the editors of the journal. By contrast, last month, Ren Zhiqiang, a property tycoon, was sentenced to 18 years in prison in China. Mr Ren's fall from grace came after he published an aggressive criticism of Xi's handling of the early stages of the pandemic, calling the Chinese leader a "bare, naked clown".

The US can get rid of Donald Trump . . . China has no mechanism to rid itself of the increasingly megalomaniacal President Xi.

Shortly afterwards, Ren was stripped of his Communist party membership and charged with corruption. Some of the doctors who first raised the alarm about COVID-19, in private exchanges, in Wuhan, were notoriously reprimanded by the police.

External critics of China's handling of COVID-19 are also treated with ferocity. When the Australian government suggested an international inquiry into the pandemic, Beijing responded with trade sanctions.

The inability to accept criticism suggests that pro Beijing triumphalism is premature. In broad terms, there is not much doubt that China, after mishandling the initial outbreak, has done a good job of containing the disease. But some Asian democracies, such as South Korea and Taiwan, have done even better, which undermines Xi's claim that China's "socialist system" was the key to success.

Chinas urge to suppress criticism also suggests that if there are continuing problems inside the country, Beijing will cover them up.

The pandemic has also significantly eroded international goodwill towards China. It may be regarded as traitorous in China to highlight the origins of the disease – or to point out that the previous SARS epidemic also originated in China. But the outside world has noticed. A recent Pew opinion survey of 14 mainly Western nations showed 61 per cent thought China had done a bad job of handling COVID-19 and that distrust of Xi has soared.

The international backlash compounds the challenges to the "China model" already created by COVID-19. For 40 years Chinese economic growth has been powered by trade. The country is the world's largest manufacturer and its largest exporter.

But COVID-19 has seen a sharp reduction in world trading volumes. This is happening at a time when the US is rallying international opposition to Beijing and curtailing trade in sensitive technologies. As a result, the permissive international environment that powered the Chinese economic miracle is disappearing.

China's leadership is meeting this week to plan for the years ahead. But its ability to openly debate these problems is hampered by the thought-stifling cult-of-personality that has built up around Xi. Since taking power in 2012, the Chinese leader has purged many of his rivals, abolished constitutional term-limits that would prevent him ruling for life, and forced the Communist party to incorporate Xi Jinping thought into its constitution.

This is no mere formality. On the contrary, government officials and even private companies are under constant pressure to praise the great leader's banal pronouncements. As a recent column for Bloomberg News pointed out, even China's weather forecasters and science fiction writers have been officially reprimanded for not doing enough to incorporate "Xi Jinping thought" into their work.

Xi admires the leader cult that surrounded Mao Zedong. But blind obedience to Mao's whims led China to disaster during his cultural revolution. Leader cults rarely end well anywhere ... and there is little reason to believe that China under Xi will ultimately be any different.

The US system has had a terrible few years and the American elite is rightly going through a period of self-doubt and introspection. But regular elections offer the possibility to change course and appoint new leaders. The US can get rid of President Donald Trump... and may be about to do so. China has no mechanism to rid itself of the increasingly megalomaniacal President Xi.

Financial Times
  Forum: Investment Discussion

nipper
Posted on: Oct 27 2020, 10:16 AM


Group: Member
Posts: 7,732

buy the dipper. ??? I have a few low ball shots in defensives sitting there. We are bound to have some nervy days. ... this election seems to assume more importance than it really should.
QUOTE
the new fiscal and monetary reality ... Fed and banking system is to monetise.

As the saying goes, it is, what it is, and virtually every country has adopted this new monetary and fiscal orthodoxy.

All of which explains why Wall Street seemingly does not care who wins as long as there is not a contested election result.
  Forum: Macro Factors

nipper
Posted on: Oct 27 2020, 09:08 AM


Group: Member
Posts: 7,732

Morningstar has come out with Australian Energy Stocks are Cheap and WPL is the cheapest of the lot
QUOTE
Australian E&Ps Ideally Placed to Emerge From Coronavirus Meltdown

Australian energy stocks look cheap. The COVID 19 outbreak has created a large dent in near term oil demand and triggered spiralling energy prices. The market appears to be extrapolating the current bearish oil environment to infinity, a position we do not share. U.S. shale still accounts for over 10% of global oil supply, and unless prices rebound to encourage drilling, a current global supply glut will ultimately become a shortage.

Our midcycle Brent crude price forecast is unchanged at USD 60 per barrel, well ahead of current circa USD 40 per barrel levels. But the benefit of higher prices in the future will only benefit companies that can survive the current period ... strong balance sheets and low operating costs are vital ingredients.
Thankfully, Australian companies by and large fit this bill, and none are on the hook for major capital expenditure in the near term. We have 5 star recommendations on the four major Australian E&P companies Woodside, Santos, Beach, and Oil Search. Within a close ranked group, we think Woodside offers the most attractive combination of price/fair value estimate discount, balance sheet strength, and sustainably low cost operations.

Key Takeaways

... COVID19 has sparked an unprecedented collapse in global crude consumption. We expect a year on year demand decline of around 8% or 8 million barrels per day. That is marginally better than prior expectations as a result of earlier than expected recoveries in parts of the world.

... But demand will not recover more meaningfully until economic activity, including air travel, resumes. We expect demand recovery in the 2021/ 2022 timeframe; and if producers do not resume normal activity levels by then, expect the current glut to quickly become a shortage.

... Significantly higher crude prices are necessary to incentivise the required activity, but the market is still extrapolating bottom of the cycle crude prices indefinitely, making energy stocks cheap. Australian E&P companies remain generally well placed with healthy balance sheets and low free cash flow breakeven Brent crude price points in the vicinity of USD 20 to USD 25 per barrel. All our coverage is in the 5 star zone but we think Woodside currently offers the best value at price/fair value estimate of 0.4.
  Forum: By Share Code

nipper
Posted on: Oct 26 2020, 05:38 PM


Group: Member
Posts: 7,732

Azure Health Technology (proposed IPO)

Azure Health develops and commercializes evidence based nutraceuticals and pharmaceuticals based on two proprietary and patented delivery platforms for improving the bioavailability and efficacy of tocotrienols (a natural product which is one part of vitamin E). The Board, Scientific Advisory Board and Management of AZT have a proven track record in using science to create new products and to bring these products to market.

Podcast coming up on ShareCafe
  Forum: Off Topic Chat

nipper
Posted on: Oct 26 2020, 05:34 PM


Group: Member
Posts: 7,732

Zebit, Inc (new ASX listing, proposed code: ZBT)

Zebit is an ecommerce retailer that serves millions of credit-challenged consumers who value the proposition of buy now, pay over time. By providing these consumers with up to $2,500 of store credit and access to a marketplace of thousands of brand name products, Zebit gives its customers the ability to shop while spreading their payments over time. Zebit is located in San Diego and is backed by Venture Capital firms that include Crosslink Capital, Wildcat Venture Partners, Leapfrog Ventures, Ulu Ventures, and Correlation Ventures.

Podcast coming up on ShareCafe this Friday
  Forum: Off Topic Chat

nipper
Posted on: Oct 26 2020, 01:43 PM


Group: Member
Posts: 7,732

QUOTE
Due to the reduced economic activity expected in the next couple of years, the Reserve Bank is likely to keep interest rates low. .... this is not good news for Australian banks since they price off of the short end of the curve. For bank net interest margins to increase, short end rates need to go back up, which means the RBA needs to feel so good about the economy that they start to raise the cash rate again. And because banks are highly leveraged, changes in profitability are magnified. So, we have got bigger issues than just the bad debts that are going to come through in the next couple of years.

Add to this competition. Banks have had a four pillar structure and that's been supportive of returns. However now you have got competitive threats from companies outside of the banking sector, mainly tech firms. None of these tech firms have a banking licence, or want one, and yet all of them are making incursions into financial services, mostly in the payments area. This is not because they want to be banks; it's because they want to reduce friction for their core services. Amazon wants to streamline payments because it wants to make it easy for anyone to sell anything on their platform. Combine that with smaller Fintechs who are picking off various individual services from the banks and there's a real erosion of the banks' ability to defend their turf.

All this means that the outlook for the banks overall as a sector is not particularly compelling but there are still positives. We're not going to see strong dividends paid out for a while, but the banks do still return their cost capital. There are also important differences between them, so our approach is to look at relative ways that to generate returns..........

Commonwealth Bank is another opportunity. Fintech disrupters typically seek to raise $20m to $50m to get themselves up and running. Against this, CBA is spending $150m a year, just on its app. The CommBank app gets up to 10 million logins a day, making it one of the most used apps in the country. Commonwealth's reinvestment into the app will help the bank retain relevance to its customers, despite the attempted incursions of Fintechs.
https://www.sharecafe.com.au/2020/10/19/sur...ether-thriving/
  Forum: By Share Code

nipper
Posted on: Oct 26 2020, 12:55 PM


Group: Member
Posts: 7,732

Mags, so how do we dig ourselves out of the hole? Keep digging, seems to be the answer, so far.
I am in the same camp as you; ride this bronco, be alert to change. I have given up trying to predict outcomes.

on the matter of Banks: Surviving but not altogether thriving
QUOTE
... Because mortgages make up about 70% of their lending book, the big revenue driver for banks is housing credit growth. Twenty years ago, this was running at close to 15%, but in the past decade we've seen this drop down to half that. And, there's questions about whether can continue even at this rate due to the gearing in Australian households....
....Due to the reduced economic activity expected in the next couple of years, the Reserve Bank is likely to keep interest rates low. Again, this is not good news for Australian banks since they price off of the short end of the curve. For banks' net interest margins to increase, short end rates need to go back up, which means the RBA needs to feel so good about the economy that they start to raise the cash rate again. And because banks are highly leveraged, changes in profitability are magnified...
....Add to this competition. Banks have had a four pillar structure and that's been supportive of returns. However now you have got competitive threats from companies outside of the banking sector, mainly tech firms. None of these tech firms have a banking licence (or want one) and yet all of them are making incursions into financial services, mostly in the payments area. This is not because they want to be banks; it is because they want to reduce friction for their core services ...

We are not going to see strong dividends paid out for a while, but the banks do still return their cost capital ......
https://www.sharecafe.com.au/2020/10/19/sur...ether-thriving/


QUOTE
UK economist John Maynard Keynes in 1936 spoke of the liquidity trap when describing the limits of low-interest rates as an effective policy tool. He described situations when uncertainty is so great that even low-interest rates would fail to generate enough demand to ensure full employment. But Keynes was indicating that low interest rates could be ineffective as a macro tool. The worry after 12 years of low and negative rates is that these settings produce side effects that make them counterproductive. Ten side effects stand out.

A core concern is that the Keynes liquidity trap concept seems to underestimate the dampening effect of emergency measures. Low rates seem to dent consumer spending and business investment because they signal that authorities are gloomy, even panicked.

A second side effect is that low interest rates have encouraged so much borrowing that consumer, corporate and government debt have reached an unprecedented level of GDP in many countries. This could prove a systemic risk. Even without such mishaps, future repayments are likely to reduce consumption and investment.

Another side effect is that low and negative rates can lift asset prices. Lower interest rates push investors into riskier assets and argue for higher prices on property and shares, asset gains that tend to boost inequality. More tellingly, negative policy rates helped push bond prices so high that yields went negative... and widely so. The concern is that, if low and negative rates help the economy as intended, interest rates will move higher and puncture asset prices.

A fourth problem is that low and negative rates trouble the business models of insurers and pension funds that typically use the safety and positive returns of government bonds to help meet long-term liabilities. A fifth spillover is that low and negative rates squeeze bank margins, perhaps to the point of threatening financial stability. Any crimping in bank margins brings a sixth problem; that at some level, low rates could backfire by forcing banks to restrict lending ... a level known as the 'reversal rate'.

A seventh handicap is that central banks have faced political pressure for hurting savers and rescuing reckless borrowers. An eighth side effect is low and (especially) negative rates can, perversely again, force people to save more to attain a targeted level of savings.

A ninth drawback is that low rates can encourage unproductive investment. A tenth criticism is that low rates help embed economies in the 'debt trap'. This term describes how indebted economies need more debt to overcome the problems left by past debt. But at some indeterminant point this strategy must miscarry....
https://www.sharecafe.com.au/2020/10/15/sup...h-side-effects/
  Forum: Investment Discussion

nipper
Posted on: Oct 26 2020, 12:18 PM


Group: Member
Posts: 7,732

QUOTE
just wondering if one sold all the holdings , where they gonna put their cash??? for divvy stock??
Most of the CCA holders would be institutional and fund managers. ... which tend to run different styles of allocating

It would be fair to say most would be reallocated back to the subsector, in this case Consumer Staples.

the 5 biggest holdings in the XSJ are WOW, COL, CCA, A2M and then TWE (followed by MTS, ELD, CGC, BKL and UML, BGA and ING)

CCA occupies a rather special place and would be hard to identify a like minded competitor (with multinationals being the obvious ones)

Would money flow to the other Consumer Staples? A bit, but not all. However this may be a chance to diversify into .... well, what? Tech? Back into banks? other dividend payers?
  Forum: By Share Code

nipper
Posted on: Oct 25 2020, 04:58 PM


Group: Member
Posts: 7,732

Coca Cola Amatil could announce as soon as Monday it is the target of an $8 billion takeover by British beverages giant Coca Cola European Partners, handing Australia’s bottler of famous soft drink Coca Cola, as well as a stable of popular beverage brands such as Mount Franklin water, Goulburn Valley Juice and Grinders coffee, to a foreign company.

Shares in the publicly listed CC Amatil were placed in a trading halt on Friday pending what it said would be a potential material transaction, and Bloomberg reported overnight that Britain’s Coca Cola European Partners, the world’s largest independent bottler of the storeyed soft drink, is in talks to acquire the Sydney based CC Amatil.

Bloomberg reported that insiders have stated that negotiations between the European and Australian bottlers are advanced and could be announced within days. The newswire service said details, including on the structure of the deal, are still being finalised and talks could yet fall apart.

It would mark the biggest takeover of an Australian company this year and would trigger a massive shake up of the nation’s alcoholic and nonalcoholic beverage sector that would touch all key segments of the drinks industry including soft drinks, beer, spirits, bottled water, coffee, dairy and juice.
  Forum: By Share Code

nipper
Posted on: Oct 25 2020, 11:50 AM


Group: Member
Posts: 7,732

There is a nice summary of Nickel and other EV minerals, a basket of 105 ASX stocks with exposure to lithium, cobalt, graphite, nickel, and vanadium, .... quite a few doubled or better; with several ten baggers, and just in a 12 month period

https://stockhead.com.au/resources/high-vol...overies-galore/
  Forum: Investment Discussion

nipper
Posted on: Oct 24 2020, 02:26 PM


Group: Member
Posts: 7,732

In 2016 nickel stocks were friendless, brutalised by years of falling prices.

Multi commodity miner BHP had attempted to offload its WA based nickel division a number of times. Western Areas WSA was slashing costs left and right, while Mincor MCR and Poseidon Nickel POS were forced to shut down their operations entirely.

Exploration essentially stopped dead.

Around 2017, the we need a crapload more nickel for batteries thematic emerged from the tail end of company presentations.

These EV demand projections subsequently moved to the front and repeated ad nauseum by nickel companies who were (are still are) largely supplying the stainless steel industry.

But mines take many years to develop. It is the demand outlook which is important, especially for explorers. Recent high profile comments by Tesla's Elon Musk have made this demand story extra palpable to investors. The electric vehicle trailblazer alone could need up to 1.15 million tonnes of nickel a year, almost 50 per cent of current global supply, by 2030 to meet ambitious production targets. It's a seemingly impossible goal, but the intent is there.

WA players are stepping up to the plate. In 2019, a revitalised Nickel West, once the red-headed stepchild of BHP's portfolio, was given 'core' status and the cash to expand operations. About 70 per cent of Nickel West's ~80,000tpa production now goes to battery manufacturers.

A cashed up Mincor has just started project development and will shortly be a nickel miner once again. Poseidon Nickel is considering a restart of its Black Swan operation.

But most importantly; a reinvigorated exploration sector has generated an extraordinary number of high profile WA nickel discoveries over the past 12 months. These company making finds include Julimar for Chalice, Mawson for Legend Mining, Poseidons Golden Swan, Estrella Resources and its Carr Boyd, and Azure with Andover.

https://stockhead.com.au/resources/high-vol...overies-galore/
  Forum: Macro Factors

nipper
Posted on: Oct 24 2020, 08:49 AM


Group: Member
Posts: 7,732

The Grifters, by Jim Thompson, was a great book.
  Forum: Off Topic Chat

nipper
Posted on: Oct 24 2020, 08:39 AM


Group: Member
Posts: 7,732

Share price in the 20s. There is enough cash to drill the Resolution lode; expect news in coming weeks.


https://smallcaps.com.au/navarre-minerals-s...ition-drilling/
  Forum: By Share Code

nipper
Posted on: Oct 24 2020, 08:28 AM


Group: Member
Posts: 7,732

This link, that pops up on the Home page, has a lot of stuff to pursue.


https://www.sharecafe.com.au/2020/10/22/inn...therapy-autism/
  Forum: Investment Discussion

nipper
Posted on: Oct 24 2020, 08:21 AM


Group: Member
Posts: 7,732

Interesting, Mick.

I am offended by his gaucheness, and narcissism, but some of what you say carries an element of truth. My response to people who are in the never camp is; He doesn't exist in a vacuum. His cravenness and theatricality resonates with some.
  Forum: Off Topic Chat

nipper
Posted on: Oct 23 2020, 12:11 PM


Group: Member
Posts: 7,732

Matthew Kidman (Livewire Markets) : A happy hold. We have not had that before. Okay, medical imaging, global leader, Pro Medicus, been a juggernaut. Buy, hold, or sell?
QUOTE
Catherine Allfrey (WaveStone Capital): I am going to go hold on that one. They are hinting at the fact that they have got more hospital contracts lined up. It is very expensive again in terms of the multiples that it trades on, but it is early on in its penetration story. It has got seven of the top 20 hospitals in the US now signed up, which is obviously a positive. It is very well managed company. It has been very successful, but it is a ritzy multiple.

Matthew Kidman (Livewire Markets) : Who would have thought? Little company out of Melbourne, took on the world and now it leads imaging in radiology. Buy, hold or sell?
QUOTE
Jason Kururangi (Aberdeen Leaders): I am going to go with a buy on that. Look again, Pro Medicus, I actually can not say anything different to Catherine. Maybe just we are taking a slightly longer term frame of thinking on the valuation. We think that there is significant upside as they keep rolling out contracts with additional hospitals. And, again, we are happy holders of the stock we've been accumulating over the last six months. So definitely [we] like the story.



33 bucks
  Forum: By Share Code

nipper
Posted on: Oct 23 2020, 11:54 AM


Group: Member
Posts: 7,732

Matthew Kidman (Livewire Markets) : The real nuff nuff. Circuit boards for technicians, Altium. Buy, hold or sell?
QUOTE
Catherine Allfrey (WaveStone Capital): It is a sell for us. They delivered 10 per cent revenue growth last year, and they're forecasting 6 to 12 per cent this year in terms of guidance. And they put out this long term forecast, which the market has lapped up and has just absolutely priced that. So at $40 for our view, it is just too expensive. And we think there could be some interruptions on the way to that five year revenue target. It is not easy to get to that level as they are in a bit of a transition. And so for us, it's a sell.ote]


Matthew Kidman: They have put out a number of bad announcements recently compared to the market, but the market loves international niche players. Altium, buy, hold, or sell?
QUOTE
Jason Kururangi (Aberdeen Standard): It is a buy for us. Look, we take a three year view when we are looking at these stocks. And when we look at Altium, it's a really high quality product. It has got a large addressable market that they are growing into, and there is a transition going on where we expect significant value to be created for us as shareholders. If you look offshore where you have seen transitions to Software as a Service models, they can be very successful. There will be wobbles along the way. And we do not doubt that there could be a bit of a wobble, but we believe in the longterm story and that it will generate significant value for us as shareholders.
  Forum: By Share Code

nipper
Posted on: Oct 23 2020, 11:24 AM


Group: Member
Posts: 7,732

and TLG made it through $1.00
  Forum: By Share Code

nipper
Posted on: Oct 23 2020, 08:56 AM


Group: Member
Posts: 7,732

Sandon Capital are looking at CYG. As an activist investor, their aim is to identify cheap companies and then work with major shareholders to bring change.
QUOTE
We apply a wide range of methods and techniques appropriate for each circumstance
....Changing an underperforming Board
.... Selling non core assets
.... Selling the entire company
.... Demerging high quality businesses
.... Implementing capital management initiatives such as dividends and/or buybacks


Description
CYG supplies industrial products and services to the mining, manufacturing, construction, agriculture and defence industries through two divisions:
(i) Trade Distribution, which distributes fasteners and other industrial products through a network of branches in Australia and New Zealand
(ii) Fluid Systems, which designs, manufactures, and supplies hydraulics, lubrication, fire suppression and refuelling systems and products in Australia

Financial Status
In FY20, CYG delivered its best performance for many years despite the backdrop of shutdowns arising from the COVID 19 pandemic. Underlying EBITDA improved 136% versus the previous year and the company reported its first underlying profit in six years. The company was also free cash flow positive for the first time in six years. The balance sheet is in good shape with net debt of $3.3m at 30 June 2020 and the company has a large degree of financial flexibility having recently increased its securitised trade receivables facility to $40m for a 3 year term.

Covid 19 Impact & Outlook
The major operational impact from COVID 19 on CYG in FY20 was the suspension of operations in New Zealand. Since recommencing operations, sales in New Zealand have rebounded to prior levels. CYG exposures to the infrastructure, commercial construction and mining sectors stands it in good stead to continue to deliver improved financial performance into the medium term. Cost savings implemented in late FY20 and early FY21 should also positively augment earnings in the short term. The major non operational impact has been the inability to close the H.I.S Hose acquisition due to the Victorian Government metropolitan Melbourne lockdown. We expect this acquisition to close when lockdown restrictions ease.
  Forum: By Share Code

nipper
Posted on: Oct 22 2020, 08:35 AM


Group: Member
Posts: 7,732

or not.... looks like it might be one of those offers too good to refuse?

PROPOSED SALE OF CLOUDTEN AND DWX FOR $25M
CyberCX, one of Australia's leading cyber security services organisations, proposes to acquire 100% of the shares in both Cloudten Industries Pty Ltd and Decipher Works Pty Ltd, based on the following key terms:
• total consideration reflecting a combined enterprise value of $25 million, on a cash free and debt free basis, with normal level of working capital;
• 100% paid in cash on completion; and
• sale completion is subject to the following key conditions:
... Vortiv shareholder approval;
... CyberCX gaining FIRB approval to acquire the Business;
... retention of key staff and key customers; and
... no material adverse change occurring in the Business prior to completion.

As the Business presently represents the main undertaking of Vortiv, the Board will convene an Extraordinary General Meeting, scheduled for early December 2020, to obtain the approval of Shareholders as required under ASX Listing Rule 11.2, for the sale of the Business to CyberCX.
Where Vortiv shareholders vote in favour of the transaction, it is then expected to proceed to Completion on or around 18 December 2020.

UNANIMOUS BOARD RECOMMENDATION
The Directors unanimously recommend that Shareholders vote in favour of the transaction, in the absence of a superior proposal emerging. Further, each Director who is also a shareholder and who is not otherwise restricted from voting intends to vote in favour of transaction.

USE OF SALE PROCEEDS
Subject to completion of the transaction, Vortiv intends to return approximately $20 million to shareholders, in the form of a limit based equal access share buyback (Buyback). This amount represents the vast majority of net sale proceeds after accounting for estimated tax payable on the gain on sale of the Business plus legal and advisory costs directly associated with the transaction, collectively totalling approximately $3 million. Vortiv is applying for an ATO Class ruling which seeks confirmation of the related tax treatment of the Buyback. Such ruling is expected to be received by January 2021, with the Buyback to proceed shortly thereafter.

BUYBACK
The Company will set a limit of $20 million (to undertake the Buyback, with the buyback price to be set with reference to the share price at that time. Shareholders will be able to tender as many or as little shares as they choose to be bought back by the Company, up to their full holding.
At the conclusion of the Buyback offer period, all buyback requests will be tallied. Where there is an undersubscription (i.e. less shares tendered for sale by shareholders than the Limit set by the Company), then all shares tendered will be bought back by the Company and such shares subsequently cancelled.
Where there is an oversubscription (i.e. more shares tendered for sale by shareholders than the Limit set by the Company), then all offers to sell Shares will be proportionately scaled back. All shares bought back by the Company will be subsequently cancelled. This mechanism provides shareholders with a choice to stay invested in the Company as it continues to pursue new acquisition opportunities.

INTENTIONS FOR VORTIV POST TRANSACTION
Following completion of the Transaction, the Board intends Vortiv remains an ASX listed company, with its shareholding in TSI India, then forming the main undertaking. The Board has identified acquisition opportunities in the Australian technology sector that can complement the Company's exposure to ATM and associated payments technology which the Company has through its shareholding in TSI India. These opportunities are currently at an early stage and may not ultimately progress to a transaction. A further update to shareholders will be provided at the appropriate time.
Where the Company proceeds with an acquisition which is either significantly larger in value than its shareholding in TSI India and/or in a different industry segment, ASX will invariably exercise its discretion under Listing Rule 11.1.3 to require the Company to re-comply with ASX's admission and quotation requirements
  Forum: By Share Code

nipper
Posted on: Oct 21 2020, 07:50 PM


Group: Member
Posts: 7,732

CEO Brad Banducci said digital engagement with customers on everything from providing opening hours to helping them curate online shopping lists was the key with the retailer expecting a boom in its digital platforms in the next few years.

QUOTE
Digital is the key. We have got somewhere in the order of 12 million digital visitations a week at the moment inside Woolworths supermarkets, somewhere around 19 million physical transactions, and I fully expect within the next 18 months we will have one to two times as many digital interactions as physical.

So they (digital) are critically important, they really help the customer on the journey, and that is of course especially true and has been especially true in a time of COVID where customers really want to plan, even if they shop a physical store, a very safe, seamless and quick experience.


Mr Banducci said there still remained a critical role for its physical stores in supporting the digital transformation and online shopping with around 85 per cent of groceries ordered online picked and packed from Woolworths bricks and mortar supermarkets. This meant Woolworths would continue to sweat the physical assets to maintain efficiencies and keep costs down as it pivoted to ecommerce solutions.

QUOTE
It means we have to sweat our physical infrastructure, we need to continue and creatively redesign our stores and redesign the way we pick products for our customers in the stores, how we rout our personal shoppers around the store to make sure it is a fully in stock pick and that we actually pick the right products for the customers, and the right level of freshness.

  Forum: By Share Code

nipper
Posted on: Oct 21 2020, 01:38 PM


Group: Member
Posts: 7,732

hit 38c today

Acquisitions, integrations proceeding apace
QUOTE
Tesserent Limited, the parent company and brand has two primary customer facing market brands:

● Federal Government: North Security will (from 1 October 2020) absorb Seer Security (Canberra) and Ludus Cybersecurity, and will remain focused on serving the Federal Government, Law enforcement and Defence; and

● Private Enterprise and State & Local Government: Pure Security with the recently absorbed Rivium business and the more recently acquired Airloom business, will remain focused on supporting private enterprise and State & Local Government.

Future Cyber 360 capabilities that are required, such as iQ3 Secure Cloud Services and other potential proprietary solutions, will be strategically positioned to complement the above strategy.


And revenue coming in as projected
QUOTE
1. New Federal, State and Local Government contract wins across the Group in excess of $6M in the September quarter
2. The Group retained 100% of existing Federal Government clients with most contracts extended through to the end of the calendar year and beyond
3. Significant enterprise contract wins in aggregate in excess of $4M in the month of September with large Financial Services, Insurance, Advertising and Media organisations

4. Continued growth of the firm's annual recurring revenue streams from new and existing locked-in annuity contracts now in excess of $30M per annum
  Forum: By Share Code

Poll: The Banks
nipper
Posted on: Oct 20 2020, 03:49 PM


Group: Member
Posts: 7,732

kicking the can down the road.
https://www.youtube.com/watch?v=fR4HjTH_fTM.
https://www.youtube.com/watch?v=cqPx7xxx9vw
  Forum: Investment Discussion

nipper
Posted on: Oct 20 2020, 10:02 AM


Group: Member
Posts: 7,732

trying to figure out if Dropsuite has any identifiable attributes
QUOTE
based in Singapore and operates a global cloud backup platform targeting small and medium enterprises through web hosting companies as IT resellers.

Dropsuite products include website and database backup, email backup and archiving and file-based server backup.
since backing into a defunct miner (Excalibur) in late 2016, it has performed in fits and starts; most recently with reports US fund managers have been buying in, the share price ahs risen from around 6c to near double that, in the last week.

As usual, there are many tech hopefuls in the IT space. DSE seems to use resellers to get customers for their services. Is this efficient? Will it become the standard, the industry benchmark? Possibly but possibly not. Like most, getting traction is hard and a lot of effort is needed to build. Scale might follow but there is equally a downside. One customer deleted a significant proportion of its email users as they were moribund, and then DSE dropped as its reportable metrics, the Run Rate, had a lurch.
  Forum: By Share Code

nipper
Posted on: Oct 20 2020, 08:22 AM


Group: Member
Posts: 7,732

Vortiv is in a Trading Halt; the
QUOTE
Company expects to make an announcement to the market regarding a sale of business.


Likely to be the TSI bit, described as latent. Vortiv 25% passive investment in TSI India revised to $5.5 million
  Forum: By Share Code

nipper
Posted on: Oct 19 2020, 03:22 PM


Group: Member
Posts: 7,732

and a trifecta. From peter2 elsewhere:
QUOTE
Problems with ANZ .. CMC again. Data not updating quickly, orders not being acknowledged as accepted or placed in the post auction.
I may have entered duplicate orders or nil. I haven't a clue. We're paying top dollar for this crap service

  Forum: Investment Discussion

nipper
Posted on: Oct 19 2020, 02:39 PM


Group: Member
Posts: 7,732

dropping into the 80's, close where the rights issue was struck, a year ago
  Forum: By Share Code

nipper
Posted on: Oct 19 2020, 02:24 PM


Group: Member
Posts: 7,732

Interesting opportunity:

Large industry competitors have consolidated and are now focused on centralised manufacturing with reduced service levels
QUOTE
▪ The chemical industry has experienced a period of consolidation, with suppliers removed from customers
▪ This has created large industry competitors that are not customer focussed, rather focussed on product manufacturing with reduced customer service levels

as you say, tricky during Covid times
  Forum: By Share Code

nipper
Posted on: Oct 19 2020, 12:29 PM


Group: Member
Posts: 7,732

Open an account. Read widely. Run a watchlist. Understand the company you are wishing to buy. Do paper trades. When it comes to committing your money, with luck you will lose some but not all, and this will be a salutary lesson.

(I mean that kindly. Experience is the only teacher. If all these systems and analyses were so good, how come their proponents haven't retired rich).
And in the paper today
QUOTE
A trio of derivatives trading firms that targeted retail investors with high-risk products have been hit with a $75 million penalty by the Federal Court in a case brought by the corporate regulator.

AGM Markets will pay a fine of $35 million while OT Markets and Ozifin will pay $20 million each after Justice Beach found the firms had engaged in unconscionable conduct.

That resulted in clients losing around $32 million from trading complex and risky Over the Counter Derivatives such as contracts for difference.

The ruling will result in about 10,000 former clients receiving refunds from the firms which have been placed in liquidation. He said that while CFDs may be used as legitimate investments to hedge risks, most retail investors lost money trading these products due to excessive leveraage.






  Forum: Off Topic Chat

nipper
Posted on: Oct 19 2020, 11:22 AM


Group: Member
Posts: 7,732

from Betashares
https://www.sharecafe.com.au/2020/10/19/whe...he-money-going/

Chatting to advisers and investors on a daily basis, a question I frequently get asked is: Where is the money going in ETF land?

Key points:
  • Aussie and International equities have dominated
  • Almost all ETF asset classes have seen positive flows so far year to date
  • Strong net inflows to short funds, gold and ethical exposures
Given the volatility and uncertainty we have seen in the markets this year, it was interesting to pull the Year to Date (1 Jan 2020 to 30 Sep 2020) flows from the ASX.

Source: ASX monthly ETP data.


Australian Equities



When considering Australian equities flows, there is one clear observation – broad market exposures dominated, with just over $3.5 billion in net flows. Broad market exposures are generally made up of very liquid, large companies that trade on the ASX. There may be several reasons why this asset class has seen the largest flows:
1. Many active managers failed to outperform their benchmarks over the past year
2. Investors are identifying value within Australian equities
3. Broad market Aussie equity

ETFs involve less stock-specific risk than direct holdings/stock-picking An example of an ETF within this space is the BetaShares Australia 200 ETF (ASX: A200), that aims to track the performance of an index (before fees and expenses) comprising 200 of the largest companies by market capitalisation listed on the ASX. A200 is also the cheapest Australian equities exposure in the market, with management costs of 0.07% p.a.

International Equities


Coming in at #2 is international equities. By further breaking down the asset class, we can obtain a better understanding into the exact exposures these flows have gone into.

Firstly, 'quality' as a factor is a real standout from a performance perspective. Given the unprecedented times, it is no wonder quality exposures have seen flows, with around $400 million in inflows into quality ETFs to 30 September. Historically, companies with quality factors have tended to outperform the broader global market during the slowdown and contraction phase of the economic cycle, and typically have demonstrated lower volatility and drawdowns in falling markets and periods of heightened volatility.

Of flows into U.S. equity funds, ETFs providing exposure to the Nasdaq 100 Index took the lion's share, with the BetaShares NASDAQ 100 ETF (ASX: NDQ) and the BetaShares NASDAQ 100 ETF Currency Hedged (HNDQ) attracting ~$380 million in new money between them – unsurprising given the strong performance of the global technology sector so far in 2020.

Fixed income
With the prevailing market volatility and uncertainty so far in 2020, it is no surprise to observe strong flows into the defensive side of the market.

For yield hungry investors, we saw hybrids exposure obtain a large share of inflows with over $190 million. Hybrids were accessed via the actively managed BetaShares Active Australian Hybrids Fund (Managed Fund) (ASX: HBRD) that is paying a 12 month gross distribution yield of 3.9% (as at 1 October 2020).

For more defensive investors, we saw strong flows into core Aussie and Global bond indices, with Australian Government bonds a standout.

Short Funds
If any statistic is going to highlight overall market sentiment, this could be the one. For those who may not be aware, BetaShares has a suite of short funds that are designed to provide a negative correlation to the market ; i.e. to increase in value when the sharemarket goes down (and vice versa). At the height of the market turmoil in March and April, we saw more than $200 million in new money flow into short funds on the ASX, as bearish investors sought to profit from a falling market or hedge their current equity exposures.

To put things in perspective, as at 6 October, total funds under management (FUM) in the BetaShares short funds stood at ~$840 million, compared to FUM at 1 January 2020 of $293 million.

Gold
Given recent market volatility, and considering gold has traditionally been viewed as a 'safe-haven' asset, we have previously written about why there are still plenty of reasons to consider an investment in gold. Gold has seen a consistent and high level of total flows this year. Investors can obtain cost effective exposure to gold via the BetaShares Gold Bullion ETF .. Currency Hedged (ASX: QAU).

Ethical Funds
One last asset class to highlight ... Ethical or ESG strategies. This year has seen large and growing inflows into ethical ETFs with over $900 million YTD. Since December 2016, the market cap of ethical ETFs in Australia has grown over 800% (~$1.9 billion).

Since the start of the pandemic, the knock-on effects of lockdown, including restricted movements of people and the shutdown of industrial activity, have had significant impacts on global carbon emissions and the way we work. Now, as we consider how best to shape the economy coming out of the crisis, ESG considerations are again coming to the forefront of investment decisions.

The range of BetaShares ethical ETFs provides true to label ethical exposures to companies or bond issuers that are well-positioned to thrive in a more sustainable and increasingly digital future economy. These funds have also captured a large portion of total ethical asset class flows to date.

Summary
Just because an asset class is receiving large inflows does not necessary mean it will perform well. It is, nonetheless, always interesting to observe where the money is flowing into and out of, to get a sense of sentiment within the overall market, and what is resonating with different types of investors
  Forum: Investment Discussion

nipper
Posted on: Oct 19 2020, 09:57 AM


Group: Member
Posts: 7,732

There is a good review on Home page


https://www.sharecafe.com.au/2020/10/16/cen...aguar-prospect/



Key Catalyst

Drilling at the Jaguar Central Deposit intersects thick semi massive to massive nickel sulphides, confirming downdip extensions of previous high grade intercepts which remain open.

CTM is reaping the rewards of maintaining focused exploration activity, following its recent company making acquisition of Vale's 100% owned Jaguar Nickel Sulphide Project in Brazil. Jaguar represents an at surface nickel sulphide project, where a maiden JORC 2012 compliant resource of 48.0mt @ 1.08% Ni for 517,500 tonnes of nickel was recently announced to the market.

The Jaguar Deposit is unique in the nickel sulphide space, as the high grade nickel sulphide mineralisation comes almost to surface, whilst also continuing at depth. More than 80% of the nickel metal in the maiden Resource lies within 200m of surface, demonstrating the strong open pit potential of the Project. Jaguar is already one of the largest near surface undeveloped nickel sulphide projects in the world and CTMs deepest hole to date extends to a depth of just 300m, which in a nickel sulphide context means CTM has only just scratched the surface.
  Forum: By Share Code

nipper
Posted on: Oct 19 2020, 09:47 AM


Group: Member
Posts: 7,732

CommSec does not seem much better, at present. Last week, intermittently, no graphs or Announcements. Often slow to load.
QUOTE
We are aware that some clients are facing issues with the mobile app and website, relating to announcements and indicative pricing data, and we are currently investigating further. We are sorry for the inconvenience and are working hard to have this fixed as soon as possible
  Forum: Investment Discussion

nipper
Posted on: Oct 19 2020, 09:45 AM


Group: Member
Posts: 7,732

On October 19th, 2020, Blue Sky Alternatives Access Fund Limited (BAF) changed its name and ASX code to WAM Alternative Assets Limited (WMA).
  Forum: By Share Code

nipper
Posted on: Oct 19 2020, 08:55 AM


Group: Member
Posts: 7,732

and that new incarnation has not gone smoothly
QUOTE
Cyclone Metals CLE will be suspended from quotation immediately in accordance with Listing Rule 17.3, as ASX has determined that CLE’s operations are not adequate to warrant the continued quotation of its securities

  Forum: By Share Code

nipper
Posted on: Oct 19 2020, 08:44 AM


Group: Member
Posts: 7,732

QUOTE
no major event over the weekend

!!! NZ elects a leader in a policy free popularity contest !!
!!! ACT re-elects a government where the Green tail wags the Labor dog !!
  Forum: Macro Factors

nipper
Posted on: Oct 18 2020, 01:46 PM


Group: Member
Posts: 7,732

Basically ran up to $7-8 after IPO, then hovered along there for a while. Dropped to $6 during Covid panic .....and now $18 a share.





  Forum: By Share Code

nipper
Posted on: Oct 17 2020, 10:26 AM


Group: Member
Posts: 7,732

The Daigou phenomenon; on last legs?
https://www.abc.net.au/news/2020-10-17/has-...ndemic/12761376
QUOTE
..Even before the pandemic, Chinese consumers were increasingly looking for cheaper and more efficient ways to connect with Australian products. Jeremy Hunt, a former business executive of Swisse, told the ABC that new online platforms had had an overwhelming impact on the daigou model.

QUOTE
For safety concerns, they prefer products produced or stored in China, because parcels may contract COVID 19 during delivery from overseas, one importer said

QUOTE
About 1,000 brick-and-mortar specialty stores catering to this demand are dotted across Australia, but many are now closed...
  Forum: Investment Discussion

nipper
Posted on: Oct 16 2020, 12:25 PM


Group: Member
Posts: 7,732

no, but will have a look.

(Is Creasy getting rid of dross, or letting someone else pay for all the work.)
  Forum: By Share Code

nipper
Posted on: Oct 16 2020, 11:10 AM


Group: Member
Posts: 7,732

given up on Mexico. Now it is Pilbara Nickel & Gold
QUOTE
4 PROJECTS ACQUIRED FROM MARK CREASY

1. Andover Nickel-Copper Project: 60% Azure / 40% Creasy
2, 3, 4. Turner River, Meentheena & Coongan Gold Projects: 70% Azure / 30% Creasy

Acquisition cost: 40M AZS shares
No royalties or further payments Creasy free-carried to Decision to Mine

CREASY NOW 19.1% SHAREHOLDER IN AZS
  Forum: By Share Code

nipper
Posted on: Oct 16 2020, 10:49 AM


Group: Member
Posts: 7,732

no .... if it is a competition, then I win smile.gif
(too early in morning.... MAQ would be more appropriate)
  Forum: By Share Code

nipper
Posted on: Oct 16 2020, 08:21 AM


Group: Member
Posts: 7,732

MTU is now well into the $40 to $50 per share range, and has had a pivot away from pure telecoms towards data, the cloud and specifically data centres, as well as attendant cyber security, as the sector rides a wave of increased demand for information storage, spurred on during the pandemic disruption.
QUOTE
Three data centres at Macquarie Park will have a total capacity of 43 megawatts and when the campus is completed, the data centres business of Macquarie Telecom Group will have invested close to $500 million. Another data centre is nearing completion at Macquarie's Canberra campus, which will hold two facilities.
David Hirst, Macquarie Data Centres group executive, said the pandemic disruption had both accelerated existing demand and created new demand, such as rapid take up of video conferencing for both work and with friends. There are more people on more video than there has ever been before, he told The Australian Financial Review.
Such uptake added to broader trends already driving demand for data storage, including the journey to the cloud, as more companies shifted their operations online, the internet of things, as well as e-commerce and the automation of supply chains. COVID has obviously put us in an environment where those things have been accelerated. Those trends are here to stay for many years to come. All that data has to be stored, analysed, computed. It lives in clouds. Clouds live in data centres.

The new IC3 facility is designed to meet the needs of global companies, particularly hyperscalers and Software as a Service providers, he said.

Consumer expectations for high-quality digital experiences are on the rise and have been accelerated by COVID. Global SaaS companies, like the Netflix and Zooms of the world, need local data centres in region to help deliver on these expectations and ensure quality customer service, he said.
  Forum: By Share Code

nipper
Posted on: Oct 15 2020, 04:07 PM


Group: Member
Posts: 7,732

T/O unconditional.

https://stockhead-com-au.cdn.ampproject.org...-green-light%2F
  Forum: By Share Code

nipper
Posted on: Oct 15 2020, 01:20 PM


Group: Member
Posts: 7,732

AGM held today. Some takeouts...we are pleased to have been able to deliver 3 things to our shareholders :
.. Firstly by outperforming the ASX 200 Index by 3.5% we have softened the downturn in such a disruptive year. This is achieved in a portfolio exhibiting lower volatility than the market .
... Secondly we have kept the cost of running AFIC to just 0.13% allowing almost all of our income to flow through to our shareholders. This is very competitive against other investment funds.
.... Thirdly our policy of accumulating some profit and franking reserves in good years has allowed us to pay a steady 24c annual dividend despite our earnings falling to 19.9c due to significant dividend cuts or deferrals.
We have had a lot of queries as to our likely dividend this year. Unfortunately, as it is early in what will remain a difficult year for many companies we can not make any reliable forecasts yet. Suffice to say we are well aware of the importance of dividends to our shareholders in these difficult times.
. . . . . . . . .
Acknowledging our rising capabilities in understanding and analyzing global companies, along with the heightened flow of information through technology, the Board wanted to test whether our established successful style would work with International Equities. Over the past year we have put together and followed a model international portfolio based on our investment principles and processes the results to date are encouraging.
As a result the Board believed it was now time to actually invest a small part of our funds (up to one and a half percent) in this diversified global equities portfolio. It will consist of high quality companies with strong competitive advantage, good growth potential and offering a broader range of industries. It will add to the growth prospects and diversification of our existing Australian based portfolio.
Down the track, when the performance has been assessed, we will consider whether it represents an opportunity for our shareholders and other investors to invest in this global portfolio directly.
  Forum: By Share Code

Poll: The Banks
nipper
Posted on: Oct 15 2020, 09:11 AM


Group: Member
Posts: 7,732

My post was about the RBA stating in their view the banks have enough firepower to withstand shocks that will likely come. CET1 is a concept, and the reserves enough to withstand the losses that any fractional banking throws up in times of stress.

The economy is another matter.
  Forum: Investment Discussion

nipper
Posted on: Oct 15 2020, 08:14 AM


Group: Member
Posts: 7,732

Lynas must have the Kalgoorlie cracking and leaching plant operating by mid 2023 under a deadline set by Malaysian authorities to cease cracking and leaching and storing associated low-level radioactive waste in that country.

Speaking at the Diggers and Dealers conference, Lynas vice-president of upstream Kam Leung said while the company had received good political and government support, some countries went further in backing downstream processing.
QUOTE
In other countries, governments actually co-invest or they actually subsidise some of these critical projects, he said.
We were very pleased when the City of Kalgoorlie-Boulder said they wanted to co-invest in this project. They wanted to provide us with water, they wanted to provide us with services to gate, they wanted to upgrade roads for us. And we would certainly welcome the same from the state and federal governments.

Mr Leung said there had long been an almost universal desire in Australia for more downstream processing but such project rarely went ahead. He said the journey was made difficult by a lack of experience, high capital costs compared to other jurisdictions, expensive overland transport and labour costs that were many, many times higher than they are overseas
.

In WA, big ticket downstream lithium and nickel processing projects have been hit by long delays and cost blow outs over the past two years.

Lynas believes it is much better placed than most to make the transition to onshore processing as it looks to truck rare earths from its Mt Weld mine near Laverton to the Kalgoorlie plant before sending the semi processed material on to Malaysia.

It has the experience of building and operating the existing cracking and leaching plant at its $1 billion processing hub at Kuantan on Malaysia's east coast and can do the high-level engineering inhouse.

While they will be of similar production capacity, the Kalgoorlie plant will have just one kiln, six metres in diameter and 110 metres long compared to four kilns at Kuantan. The Kalgoorlie design is expected to cut capital and operating costs.

Lynas has just cleared a major hurdle in the Commonwealth environmental approvals process after earlier concerns the naturally occurring radioactive materials present in rare earths concentrate and in the iron phosphate by-product could trigger the definition of "nuclear action" under the Environmental Protection and Biodiversity Conservation Act.

The Commonwealth green light effectively means the Kalgoorlie project and the associated waste storage that caused Lynas problems in Malaysia will be regulated to the WA government only.

https://www.afr.com/companies/mining/lynas-...20201014-p5650u
  Forum: By Share Code

Poll: The Banks
nipper
Posted on: Oct 14 2020, 06:09 PM


Group: Member
Posts: 7,732


Financial systems in Australia and internationally are resilient but face substantial risks

Australian businesses and households are generally in a strong financial position but some will struggle in the near term

The Australian financial system has the strength to withstand the economic downturn and support the economic recovery
QUOTE
While the Australian financial system is in a strong position, risks are elevated. These risks to the financial system would be exacerbated by a weaker-than-expected economic recovery, for example, stemming from further setbacks on the health front or international political tensions.

However, stress tests of the Australian banking system indicate under a baseline scenario based on the economic forecasts in the Bank's August 2020 Statement on Monetary Policy (SMP) banks will remain very well capitalised, not even entering their capital conservation buffers. Even if the economic contraction is substantially more severe under a downside scenario, banks would remain above their minimum capital requirements.

Given their strong balance sheets, banks will be well placed to continue lending, supporting the economic recovery and so in turn the Australian financial system.
https://www.rba.gov.au/publications/fsr/202...t/overview.html
  Forum: Investment Discussion

nipper
Posted on: Oct 14 2020, 02:32 PM


Group: Member
Posts: 7,732

and furthermore, in world of the Lithium chemicals (not Lithium as a commodity)

https://www.globallithium.net/articles

My top nine assumptions (for better or worse) over the next five years are:

1) WA Spodumene oversupply moves to tightness then short supply within 12 to 18 months moving the right hand side of the lithium chemical cost curve up ~ 30%. Before the end of 2022, China spot pricing for battery quality lithium carbonate and hydroxide will exceed contract pricing in Korean and Japan which will increase more slowly just as it did in 2016 to 2018 returning to the mid teens. Delayed investments in chemical capacity will create a great pricing environment for all lithium chemical producers that could last beyond 2027 depending on how much longer investment is delayed.

2) Conversion capacity in Europe is starting up by 2024 with feedstock from Australia giving companies like Pilbara and Altura more partnership options. Wesfarmers and SQM breakup leaving Wesfarmers free to fully leverage their chemical skills at Mt. Holland and bringing joy to those longing for a Lithium Valley in WA. Wodgina starts back up after it becomes obvious the capacity is needed.

3) The Atacama struggles to reach 200K MT of production with less than 75% being battery quality, a far cry from the 400K MT forecast just a few years ago.

4) In Argentina, Minera Exar produces from Cauchari and begins phase II becoming Argentina's top producer, Livent finally expands but doesn't exceed 25K MT LCE until 2024. Orocobre proves building a hydroxide plant in Japan wasn't a great idea and struggles to meet tight specifications. Galaxy and POSCO remain also rans with production of less than 10K combined by 2025.

5) Lithium America Thacker Pass validates the US as a significant lithium producer by mid-decade and because the US government did not allow Ganfeng to invest in Thacker Pass, LAC is viewed as a standalone lithium power and the newest major. Standard Lithium & Lanxess validate special situation DLE in Arkansas. The word lilac continues to symbolize purity, innocence, happiness, tranquility, love and passion depending on the color but has no lasting meaning in the lithium space.

6) In 2025 lithium carbonate still provides at least 55% of the LCEs going into battery.

7) In 2025, Quebec is still touted for great potential but has zero lithium chemical production. Pallinghurst recovers from the embarrassment of their 2020 folly of throwing more money at Nemaska.

8) By 2022, at least two large multinational companies not currently involved in lithium make significant investments enabling the industry to catch up with demand by 2030.

9) The lithium assets of Albemarle change hands and the new entity becomes the clear global #1 lithium company edging out my friends at Ganfeng who still dominate China with their "ecosystem" but struggle to transplant their culture globally.
  Forum: By Share Code

nipper
Posted on: Oct 14 2020, 12:37 PM


Group: Member
Posts: 7,732

the Joe Lowry podcasts on Lithium are interesting. Folksy, long, sometimes unfocused, but interesting


https://www.globallithium.net/podcast

most of the podcasts are with market participants, and the common themes seem to be around
... the current state of the lithium market and ponder when the the current oversupply situation will turn to shortage.
... thoughts on the ability of the industry to respond to the anticipated steep growth in lithium demand in the coming decade and the opportunities a global lithium battery build out will offer.
.... that a tight lithium chemicals market and price spike are coming based on the lack of investment in new hard rock and brine capacity in recent years....
  Forum: By Share Code

nipper
Posted on: Oct 14 2020, 10:50 AM


Group: Member
Posts: 7,732

On October 13th, 2020, Cape Lambert Resources Limited (CFE) changed its name and ASX code to Cyclone Metals Limited (CLE).


The Company holds a significant shareholding in ASX listed Cauldron Energy Limited (ASX: CXU) and FE Limited (ASX: FEL). The share price in both these entities has increased over the last few weeks hence increasing the value of Cape Lambert’s investments.

and a month ago:
NEW EXPLORATION LICENCE APPLICATIONS OVER COINCIDENT GEOCHEMICAL REE AND GEOPHYSICAL GRAVITY ANOMALIES IN NW WA
Highlights
... Applications for two tenements covering 297 graticules in the Carnarvon Basin 33km from the North West Highway east of Shark Bay
... Coincident geochemical rare earth element (REE) and geophysical gravity/TMI anomalies identified with deep gravity low interpreted as a buried diatreme structure.
... Interpreted structure similar in size to the Mt Weld REE deposit.
  Forum: By Share Code

nipper
Posted on: Oct 13 2020, 03:56 PM


Group: Member
Posts: 7,732

Saunders announced one of its largest wins to date, with a $26 million contract to assist in the redevelopment of fuel infrastructure within the Larrakeyah precinct in Darwin.

QUOTE
This win further highlights the diversification strategy that SND has embarked on in terms of both client base and the range of projects. In addition to having a record order book, given there is a number of large government tender opportunities concluding over the few months, we believe the opportunity exists to continue this recent momentum.

It was also pleasing to see the appointment of Nick Yates (former CEO of BSA) as an Independent Director, who possesses significant contracting and public company experience. Over time, we believe a transition to a majority independent board with an independent Chairman would be in the best interests of all shareholders.
  Forum: By Share Code

nipper
Posted on: Oct 13 2020, 12:41 PM


Group: Member
Posts: 7,732

A gigafactory opening at Newcastle.

https://www.pv-magazine-australia.com/2020/...-in-tomago-nsw/
  Forum: Investment Discussion

nipper
Posted on: Oct 12 2020, 08:00 PM


Group: Member
Posts: 7,732

WA exploration flat tilt

Just over $209 million was spent on gold exploration in WA in the June 2020 quarter ... an alltime record according to the Australian Bureau of Statistics.
https://www.abc.net.au/news/2020-10-11/mode...ection=business

The surge in exploration activity is also affecting the laboratories which test the drilling samples. SGS Australia [has a] Kalgoorlie lab typically processing about 50,000 samples a month. Since June, the company has seen a dramatic increase of 30 per cent in samples.

It means companies are paying up to four times the going rate for same day turnarounds, while others can be waiting up to six weeks for their results. SGS Australia general manager of geochem, metallurgy and minerals trade Juan Smith said this year's turnaround had come
QUOTE
... faster than we expected. We have four commercial facilities around Australia, he said. Our Perth facility is doing double what our Kalgoorlie facility is.
  Forum: Macro Factors

nipper
Posted on: Oct 12 2020, 07:51 PM


Group: Member
Posts: 7,732

sometimes, when I see mention of Lithium, Gold, cobalt, Nickel then to massive sulphides, it seems to be a pig in a poke. Throw a dart
  Forum: By Share Code

nipper
Posted on: Oct 12 2020, 03:38 PM


Group: Member
Posts: 7,732

Encounter has popped some 40% since the news of BHP deal, less than a month ago

but then, the whole Au Cu exploration scene has surged
  Forum: By Share Code

nipper
Posted on: Oct 12 2020, 02:21 PM


Group: Member
Posts: 7,732

On January 21st, 2020, Metminco Limited (MNC) changed its name and ASX code to Los Cerros Limited (LCL).
QUOTE
.... an ASX listed exploration and mining company. It is advancing a strong portfolio of exploration projects located in Colombia and Chile, mainly focused on gold, but with significant exposure to copper, molybdenum, and zinc. Projects range from early stage exploration, through advanced stage exploration to feasibility.
  Forum: By Share Code

nipper
Posted on: Oct 12 2020, 12:38 PM


Group: Member
Posts: 7,732

a mate has been in SA, now travel is possible. .... a well informed buyer, he said sales at the cellar door of Penfolds premium and masstige reds by the dozen are significantly cheaper than Dans or 1ere Choix.


Covid and pushy Chinese; which is more to blame>
  Forum: By Share Code

nipper
Posted on: Oct 12 2020, 10:25 AM


Group: Member
Posts: 7,732

and up another 10%
QUOTE
Mine to magnet supply chain
PM8 now looking at a study into the establishment of an integrated rare earth processing facility in the UK, using the Angola RE resource.
Looking to supply for the Dogger Bank project, touted to be the world’s biggest wind farm, for the next 20 years. Located 130 km (80 miles) off the Yorkshire coast, the Dogger Bank wind farm will be powered by an array of 260 metre high Haliades X 13MW turbines, each requiring over 7 tonnes of permanent magnets.
  Forum: By Share Code

nipper
Posted on: Oct 12 2020, 10:21 AM


Group: Member
Posts: 7,732

and Private Equity coming for Link.

Carlyle Group and Pacific Equity Partners have lobbed a $2.8 billion bid for Link Administration.

Perpetual, which owns 9.65 per cent, says it will support the $5.20 a share conditional and non binding indicative offer for the funds administration platform and 44.2 per cent owner of property setttlements platform PEXA.
  Forum: By Share Code

nipper
Posted on: Oct 12 2020, 09:48 AM


Group: Member
Posts: 7,732

OptiComm advises that on Monday, 12 October 2020, it received a proposal from Aware Super to make an offmarket takeover offer for all of the shares in OptiComm for $6.50 per share (including a fully franked special dividend of $0.10 per share
  Forum: By Share Code

nipper
Posted on: Oct 11 2020, 02:35 PM


Group: Member
Posts: 7,732

stall speed??

....over the past two years FGR has been involved with a lengthy path of product verification. Have a look at the large number of products that we have successfully shown can be significantly enhanced with the addition of PureGRAPH®. These products will form the basis of the push to commercialise our business, but they are only the start of that journey.


Some shareholders have complained about the time it is taking to show sales in our books. Admittedly, it is taking longer than we first anticipated, but that is typical of disruptive technology. Just proving that something is better does not alone generate sales overnight. I would suggest those shareholders stop looking in the rearview mirror at audited accounts and cash flow statements. Instead, they should be looking ahead at the doors which are opening with the strongly positive test results, for these will lead to a strong sales book.


It has been a long-held belief that graphene is a revolutionary nanomaterial which will enable a new generation of products to perform much more efficiently. The key point to recognise is graphene is an enabler which will be combined with existing product lines as opposed to a stand alone product itself. It is not simply a matter of substituting one product for another, which would be an easy decision to make; in with the new and out with the old. The need to integrate graphene, with its benefits into existing products, is a much more complicated process than one might first imagine. Manufacturing companies already using the state of the art processes will be sceptical of anything that suggests otherwise. Industry leaders will already be operating from a position of strength so they will not rapidly adopt new technologies if there is no urgent need to do so. Recognition of this observation goes a long way to explaining why the large-scale adoption of graphene enhanced products is taking its time.
  Forum: By Share Code

Poll: The Banks
nipper
Posted on: Oct 11 2020, 09:23 AM


Group: Member
Posts: 7,732

I am finding it all too hard to think there is any ability in predicting the pathway.

All I said in my post is that, with a few conditionalities, banks may be oversold, especially if anticipated job and housing markets are not as bad as appear to be factored in. That is a short term view.
  Forum: Investment Discussion

Poll: The Banks
nipper
Posted on: Oct 10 2020, 04:05 PM


Group: Member
Posts: 7,732

The four major banks are all still trading well below their late February 2020, pre Covid, peaks. At that juncture, they were all trading at two to three times book value.

ANZ hit $27.24 at that time, and is now at $18.54. After rising to $27.40 in February, NAB is languishing at $18.76. Westpac was at $25.81, and is now down at $18.12.
If, as a metric, returns on equity in the current climate converge to their cost of equity, the four major banks should trade at about one to 1.5 times book value. ANZ is now at 0.86 times, NAB at 0.99 times, and Westpac is at 0.97 times. In contrast, CBA appears much more expensive at 1.67 times book.


Most recently, the major banks forecast that national house prices would fall by more than 10 per cent (CBA projected a 12 per cent loss) while they expected the unemployment rate to finish this year at 9 per cent. These numbers have driven their default and loss assumptions, and hence their provisioning for bad debts. If these estimates are too gloomy, then the writing back of such pessimistic projection estimates could see BV restore towards the 1.2 to 1.5 range, and bank shares rise accordingly. All depends on the housing and job markets.
  Forum: Investment Discussion

nipper
Posted on: Oct 10 2020, 02:00 PM


Group: Member
Posts: 7,732

But from Pensana point of view, moving from 17% to 23.1% triggers something when 19.9% is exceeded??
  Forum: By Share Code

nipper
Posted on: Oct 9 2020, 01:34 PM


Group: Member
Posts: 7,732

yep, I read that announcement.
not only close (enough) to Hastings HAS ground .... Mt Clere, in the Gascoyne Region of WA, is prospective for: Rare Earth Elements; Heavy Mineral Sands; and Intrusion hosted Ni-Cu-PGEs

but also, with a bob each way (it is a large acreage, so why not look for other stuff)
QUOTE
The Chalice Gold Mines (ASX: CHN) recent Ni Cu PGE Julimar discovery, located near Perth in the similarly aged Southwest terrane, has renewed exploration interest in the Narryer terrane.

Like the former, the Narryer terrane, which forms the northwest margin of the Yilgarn Craton, consists of relatively high grade granitic gneisses interlayered with metasedimentary rocks that are intruded by granite and pegmatite.

Thus, the Narryer terrane is prospective for similar mineralisation styles including Ni Cu PGE (e.g. Julimar) and orogenic style veining (e.g. Boddington).
*terrane ... a fault bounded area or region with a distinctive stratigraphy, structure, and geological history
  Forum: By Share Code

nipper
Posted on: Oct 9 2020, 10:00 AM


Group: Member
Posts: 7,732

Need to put my glasses on..... Saw 6100 tested and thought it related to Covid.
  Forum: Macro Factors

nipper
Posted on: Oct 8 2020, 07:20 PM


Group: Member
Posts: 7,732

First one to build a processing plant wins a prize.


https://www.fpri.org/article/2020/10/chinas...we-should-care/
  Forum: Investment Discussion

nipper
Posted on: Oct 8 2020, 09:14 AM


Group: Member
Posts: 7,732

CSL Limited today announces that its subsidiary, Seqirus, has signed a final agreement with the Commonwealth of Australia for the supply of 51 million doses of the University of Queensland CSL COVID19 vaccine candidate (V451), should clinical trials be successful.
  Forum: By Share Code

nipper
Posted on: Oct 7 2020, 08:09 PM


Group: Member
Posts: 7,732

President Trump is not alone in participating in the rare earth critical materials geopolitical drama.

In the US, Senate Democrats have published a pro-domestic REE mining policy position in their strategy to address the climate crisis.

The US House of Representatives has a bipartisan caucus with similar support for REE mining and House Democrats have a policy manifesto in support as well.

There are complementary bills moving through US Congress ...The Onshoring Rare Earths Act and the Reclaiming American Rare Earths Act ... and both contain key elements that help accelerate ARR projects in the USA.


ARR CEO Creagh O’Connor added:
QUOTE
Specifically, these bills create comprehensive tax incentives and grant programs to encourage investment in and development of US based rare earth and critical mineral mining, processing and production.

The US Government is creating a significant market push. The path to commercialise opportunities for ARR in rare earths and scandium is becoming well-paved. Our US leadership team is more enthusiastic than ever.
  Forum: By Share Code

nipper
Posted on: Oct 7 2020, 07:54 AM


Group: Member
Posts: 7,732

One day after exiting hospital US President Donald Trump compares COVID 19 to the seasonal flu and is censored by both Facebook and Twitter for posting misleading material about coronavirus.



https://www.abc.net.au/news/2020-10-07/dona...cebook/12737660
  Forum: Off Topic Chat

nipper
Posted on: Oct 6 2020, 03:56 PM


Group: Member
Posts: 7,732

QUOTE
It is the merger that was meant to be.... Just 11 months after mid-tier Australian gold miners Northern Star and Saracen each bought 50 per cent of the famous Kalgoorlie Super Pit in Western Australia, the pair will combine to form a $16billion giant that will be one of the biggest gold groups in the world, and the second largest in Australia behind Newcrest.
It is a deal that will immediately put the enlarged group, which will still be known as Northern Star, on the radar of both generalist investors in Australia and beyond, and specialist global gold investors, for whom scale, liquidity and cashflows matter.
Saracen Mineral Holdings boss Raleigh Finlayson has told shareholders the company cannot alone create the sort of value that will be delivered by a $16 billion merger with its partner in the Superpit mine, Northern Star.

The transaction has been pitched as a merger rather than a takeover, despite the fact it will be delivered by Northern Star issuing $5.76 billion worth of stock to Saracen shareholders to create a combined group called Northern Star.

Viewed as a scrip takeover by Northern Star, there is little premium being paid for Saracen, whose market capitalisation stood at $5.78 billion at the close of trading on Monday. In keeping with the spirit of a merger that has been endorsed by both company boards, the word premium does not appear in any of the bid documents filed to the ASX on Tuesday.

In a bid to sweeten the deal, Saracen will pay its shareholders a 3.8¢ dividend prior to the merger; worth about $42 million in total. Combining the scrip and the dividend, Northern Star is paying less than 1 per cent premium to Saracen's market capitalisation on Monday.


.... both up around 9% today. Endorsement, deeper market, synergies??
  Forum: By Share Code

nipper
Posted on: Oct 6 2020, 11:26 AM


Group: Member
Posts: 7,732

OpenTrader does from $5 a trade, though it rises with size of trade.

Make sure you go with a HIN , not those agglomeration sites

(old ETrade then ANZ now CMC is expensive @ $28 + GST, then add text and other charges)
  Forum: Investment Discussion

nipper
Posted on: Oct 5 2020, 09:22 AM


Group: Member
Posts: 7,732

Ppl in Melbourne probably have little else to do. Weather bad + Covid.
  Forum: Macro Factors

nipper
Posted on: Oct 5 2020, 06:31 AM


Group: Member
Posts: 7,732

Thanks Mick. No intention of looking deeper .. the website runs hot in 2017. Then bugger all, apart from AGMs . Peak and Trough

And a note I saw somewhere ... awaiting Tanzanian govt final approval.. To my unsophisticated eye, they have run out of money and run into blockages, that you allude to. Shakedown time.

Just another bunch of mining executive chancers. Likelihood of something in it for the mug punters would be very low.
  Forum: By Share Code

nipper
Posted on: Oct 4 2020, 05:07 PM


Group: Member
Posts: 7,732

Peak claim they are the cheapest, but looking at the website, not much has happened since 2017, when the BFS pcame out. Seems to be stalled awaiting Tanzanian Govt approval


... The Ngualla Project, located in Tanzania, has existing JORC Compliant Reserves of 18.5 mt at 4.8% Rare Earth Oxide equating to 887,000t contained REO. Peak holds a 75% interest in the Ngualla Project alongside Appian Natural Resources Fund (20%) and International Finance Corporation (5%).
... One of the Highest Grade, Lowest Cost NdPr Projects Globally: Estimated US $32.24/kg neodymium & praseodymium (NdPr) breakeven point for positive cash flows assuming no other sales revenues from other rare earth material except NdPr, total preproduction CAPEX of US $365m and OPEX of US $91m p.a. over a 26 year LOM with a post-tax NPV of US $612m and IRR 22% at NdPr price of US $77.50/kg.
... Simple Geology and Mining: Large, high grade 4.8%, soft bastnasite ore body with mineralisation from surface allowing low cost free dig open pit operation with a low strip ratio of 1.77:1.

They claim

58 RARE EARTH PROJECTS GLOBALLY

FILTER 1 ... Does the company have an ore reserves?
44 left

FILTER 2 ... Does the project have a commercially proven mineral?
3 left

FILTER 3 ... Does the project process their RE to a standard tradeable product?
2 left

FILTER 4 ... Is the project CapEX below 500 million USD?
One left

  Forum: By Share Code

nipper
Posted on: Oct 4 2020, 04:45 PM


Group: Member
Posts: 7,732

In their report Assessment of lithium criticality in the global energy transition and addressing policy gaps in transportation, the scientists from the University of Augsburg in German and Lappeenranta Lahti University of Technology in Finland are quite clear about the fundamental importance of lithium. Liithium is critical to achieve a sustainable energy transition, the report concluded.

Lithium battery demand is expected to be the main cause of a supply deficit.

In 2016, there were about one billion light duty vehicles on the world's roads .... but by 2050 that figure is expected to be about 3.05 billion.

Then there is the trend to electric vehicles (EVs). The German and Finnish research team estimates by 2025 14% of all light vehicles in the world will be EVs. By 2030, that it predicted to have grown to somewhere between 40% and 50%. Yet by 2050, every light vehicle on the world's road is expected to be powered by batteries. That, the study concludes, is going to place huge strain on lithium supply.

Meanwhile, lithium ion batteries achieved a compound annual growth rate of 24% between 2015 and 2018.

Critically, automotive applications for those batteries in 2015 made up 43% of demand; yet by 2018 hybrid and electric cars were accounting for 70% of all lithium ion batteries coming on the market.

Will there be enough mines?
The German and Finnish researchers outlined just how long it takes to get new lithium mines into business. In the build up phase, so called greenfield projects must go through resource discovery, several stages of feasibility studies, facility construction and production start up. This usually takes one to two decades, the report noted.

And brine projects have their own issues. Relying on solar irradiation, the evaporation process is not constant throughout the year, the report explained.

Another problem highlighted in the report is that no one knows how much lithium is left on earth. The US Geological Survey estimates about 80 million tonnes but the authors of the report dismiss that as unrealistically high; other scenarios assume remaining stock is 41Mt, 56Mt or 73Mt.

https://smallcaps.com.au/lithium-sector-spr...y-crunch-nears/

(So, what was Musk on about?)
  Forum: By Share Code

nipper
Posted on: Oct 4 2020, 08:05 AM


Group: Member
Posts: 7,732

And another overview of Aussie rare earth companies. We're at a pivot; but money needed, in large amounts.

https://smallcaps.com.au/trump-declares-rar...stralia-supply/


I run a watchlist and have all of these apart from PEK on it. ..... But which will be the winner(s)?
  Forum: Investment Discussion

nipper
Posted on: Oct 3 2020, 03:43 PM


Group: Member
Posts: 7,732

I beg your pardon,
I never promised you a Rose Garden cluster
  Forum: Off Topic Chat

nipper
Posted on: Oct 2 2020, 08:01 PM


Group: Member
Posts: 7,732

Trump may sail through this without any negative health affects, confirming his robustness and demonstrating to his true believers that virus is not really that bad. Or he may not.
Many people are asymptomatic a couple of days before they develop symptoms and I think he has more than a 50 per cent chance of developing symptoms of some description, said Professor Tony Cunningham, director of the Centre for Virus Research at Westmead Institute for Medical Research and the University of Sydney.

On average, of those who develop symptoms, about 80 per cent experience a mild version. The remaining 20 per cent develop pneumonia, and of them 5 per cent become severely ill and need to be ventilated. The ballpark of deaths for people over 70 living in the community is 10 per cent or less.
  Forum: Off Topic Chat

nipper
Posted on: Oct 2 2020, 05:09 PM


Group: Member
Posts: 7,732

Yep.... played fast and loose. The truth, the nation, himself.

A month to go.
  Forum: Off Topic Chat

nipper
Posted on: Oct 2 2020, 04:30 PM


Group: Member
Posts: 7,732

someone in Wuhan thinking; took 20 million, but we got our man?
  Forum: Off Topic Chat

nipper
Posted on: Oct 2 2020, 10:37 AM


Group: Member
Posts: 7,732

Ordinarily a cash strapped tech company that achieved unicorn status such as Brainchip might be expected to take advantage of a rocketing share price to raise capital to shore up the balance sheet, given the requirement to invest ahead.

Instead, some US institutional investors have regularly been cashing in cheap options to help the company raise some cash. On 30 September it issued another 15 million shares at 15¢ each to unnamed institutional investors.

QUOTE
Could it be the company is struggling to raise money at prices above 15c?


- so far, (pointy) head and no shoulders.
  Forum: By Share Code

nipper
Posted on: Oct 2 2020, 10:33 AM


Group: Member
Posts: 7,732

Mesoblast has plunged some 30% to levels last seen in April as the FDA ordered the company to conduct another clinical trial to support the efficacy of its remestemcel-L drug in treating pediatric patients with severe acute-Graft Versus Host Disease (aGVHD).
  Forum: By Share Code

nipper
Posted on: Oct 1 2020, 06:12 PM


Group: Member
Posts: 7,732

Select Harvest is poised to announce an acquisition of $150 million worth of almond farms, according to market sources.

It is understood that the company will launch a $120m equity raising at $5.20 per share to fund the acquisition
  Forum: By Share Code

nipper
Posted on: Oct 1 2020, 04:53 PM


Group: Member
Posts: 7,732

American Rare Earths Limited (ARR, formerly Broken Hill Prospecting Limited) is an Australian exploration company focussed on the discovery and development of strategic mineral resources.

Up 50% today to 5.4c with no real news other than the AGM being held. Also, seems to be a change in direction, from original geographical areas; the Murray Basin Region (Heavy Mineral Sands) and the Broken Hill Region (industrial, base and precious metals, including the Thackaringa Cobalt & Base/Precious Metal Project).

This change in name is to reflect the Company focus on its La Paz Rare Earth tenements in Arizona, North America and its Laramie asset in Wyoming.
  Forum: By Share Code

nipper
Posted on: Oct 1 2020, 04:42 PM


Group: Member
Posts: 7,732

was WA and Qld gold and base metals hopeful,.... now Mozambique mineral sands hopeful.
  Forum: By Share Code

nipper
Posted on: Oct 1 2020, 02:36 PM


Group: Member
Posts: 7,732

saw this on another site
QUOTE
SMN is currently priced at about $0.48 with a M/C of about $56 million.
With the assistance of some of the largest airplane industry players (Delta, Sandia and others) SMN and its partners have now forwarded to FAA their final submission for approval of their CVM technology. After over 7 years of submissions, they consider that full approval for their CVM technology for 2k WI Fi and structural frames will be approved in full by the end of 2020.

To support the share price in the meantime the SMN fully owned subsidary, AEM, as well as being the manufacturer of the CVM kits, with its own customer base, mainly rotorcraft, had sales of over $18 million last year and is expected to have the whole company at breakeven this year. This subsidiary business alone would be valued at the total market cap of $56 million. So future sales of the CVM kits will go straight to the bottom line.
Trial kits have already been installed in airplanes and helicopters and after establishing themselves in aircraft they can then concentrate on kits for buildings and bridges.

SMN intends to be paying dividends within the first 2 years of FAA approval. Any future competitor would have to go through the strenuous FAA process.
  Forum: By Share Code

nipper
Posted on: Sep 30 2020, 11:53 PM


Group: Member
Posts: 7,732

We are something like six months ahead of when we had originally planned to get it. It's one of the reasons we are so excited because this is an acceleration, Dr Andreas Fouras said.
QUOTE
Australia and the US are the two places where we have a direct sales force ... so it is a great commercial outcome.

Emotionally, as an Aussie it also feels like we're bringing the tech home by getting clearance here. The US FDA approval was very important commercially, it was a big milestone and the toughest to get, but this one tastes a little better.

The lung imaging device leverages Dr Fouras background in aeronautical engineering as a Monash University professor to determine if there are parts of the lung receiving less air. Its technology converts sequences of XRay images into four dimensional quantitative data, allowing physicians to better diagnose and treat patients with respiratory diseases such as asthma, chronic obstructive pulmonary disease and lung cancer.

Current imaging techniques give an overall view of how much air the lungs are taking in, but do not reveal whether certain sections of someone's lungs are receiving less air. The business received wide-ranging FDA approval for its device in May, with the device approved for all indications.

Dr Fouras said the business would be able to beef up its local sales team quickly to start selling its product into Australian hospitals.
QUOTE
The good news is we are well connected here. It's our home territory and we feel good about our ability to attract and bring talent onto the team ahead of schedule, he said.


QUOTE
We are committing to interacting and working with hospitals really quickly and having commercial sales in the next calendar year. There is a lot of opportunity for that to go well.

We are well known in Australia and have great relationships in the market. It may not be as big as the US, but in a lot of ways it is easier to navigate. In short, I am really excited about the pipeline and how long it takes to get going precisely we'll have to wait and see
.
4D Medical is already working on its next products, with its second set to be one that monitors blood flow in the lungs. In its prospectus it had flagged development completing on this product in mid 2021 and targeting FDA approval in 2023.

Dr Fouras said development on this was ahead of schedule and if it were not for COVID 19, the company would have been in a position to start clinical trials this year.
QUOTE
The R&D is looking very strong, he said. I would be hesitant to talk about when it could be cleared [by regulators], but in testing the product is looking really fantastic and every sign is that in the worst case scenario, we will be on time [with development], but it's likely we will be well ahead of the schedule in the prospectus.
  Forum: By Share Code

nipper
Posted on: Sep 30 2020, 07:28 PM


Group: Member
Posts: 7,732

Looked that one up.. only place a self appointed bunch of egomaniacs could take a week off for a one day celebration (of the seizure of power)


National Day of the People's Republic of China. ...take a week off
  Forum: Macro Factors

nipper
Posted on: Sep 30 2020, 04:20 PM


Group: Member
Posts: 7,732

QUOTE
asx200 future looks weak as it is. only to see today's range might trading between 5888 ... 5937, with 5900 as a battle line.
That battle was truly lost...... After opening weak, a half hearted morning rally, then a decline for rest of the day, finished 2.29% down and lost 23 pts at 4:10 close out @ 5816
  Forum: Macro Factors

nipper
Posted on: Sep 30 2020, 04:13 PM


Group: Member
Posts: 7,732

with the USA broker Robinhood offering free brokerage, at the cost of a trade being accessible to HFT (nothing is free), there are new outfits setting up in Aust that provide cheap, or at least cheaper, brokerage than what we have become used to.

Latest to undercut the Aussie market is Superhero, offering a flat fee of $5 per trade and optional $9 monthly subscription .
As well Selfwealth, an ASX listed entity (SWF), offers reduced rates, at least for small trades. Share brokerage is only $9.50 per online trade, no account fees, no scaling brokerage fees. https://www.selfwealth.com.au/

And those who only trade occasionally, the OpenTrader Investor Wealth platform has no monthly fees, offers charting, price alerts, conditional orders, unlimited watchlists, live portfolio valuation and access to their proprietary Asset Greed/Fear Index. Brokerage starts from just $5 a trade.

Just make sure you stay with a HIN. That way, you own the shares. Some sneaky proportional investing platforms do not offer that, but rather combine and allocate. Fine when it is going well, just do not moan and carry on if (when?) it gets into trouble. Read the small print.
  Forum: Investment Discussion

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