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

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

nipper
Posted on: Today, 06:30 PM


Group: Member
Posts: 7,120

Sadly, am I not surprised. Disempower a person one way and a reaction may occur

QUOTE
Investigators have concluded a bus crash that killed 21 people in southern China was caused by the driver, who was unhappy his home was to be demolished, police said Sunday.

The driver, who died in Tuesday's crash, intentionally targeted his passengers by driving across six lanes of traffic and into a lake, the police department of the city of Anshun said on its social media account.

https://www.ctvnews.ca/world/chinese-police...ed-21-1.5020883
  Forum: Investment Discussion

nipper
Posted on: Today, 03:38 PM


Group: Member
Posts: 7,120

MKR has hit the boards and now trading ...... opened at 27c and now around 26c
  Forum: By Share Code

nipper
Posted on: Today, 03:27 PM


Group: Member
Posts: 7,120

Health authorities rely on widespread testing to find and treat people with the disease, and isolate them to prevent further spread of the coronavirus. One of the defining features of Genetic Signatures' test is its ability to detect the virus before a person has symptoms.

The speed and accuracy is another of the technology's advantages. While traditional testing can take three or more days to provide a result, Genetic Signatures technology can provide results in three to five hours.

The benefits for clinicians and healthcare systems is the ability to rapidly, accurately and simultaneously screen for a wide array of pathogens and their subtypes, says Genetic Signatures CEO John Melki. It can also be used in a range of diagnostic testing machines, meaning hospitals and professional labs don't need to buy expensive equipment to use it.

Genetic Signatures was founded in 2001 by Chris Abbott, who also co founded the respected funds management firm Maple Brown Abbott, and the late Dr Geoffrey Grigg, formerly head of molecular biology at CSIRO. Genetic Signatures has developed and commercialised a range of products that provide hospitals and pathology labs with the molecular tools to rapidly screen for an array of infectious pathogens.

The company, which listed on the ASX in 2015, is based in Sydney, which is also home to its manufacturing facilities. The business was first funded by founders and private investors, but as it has achieved development milestones, it has raised capital from private and institutional investors to support its global expansion.

Melki says the pressure worldwide to move away from lockdowns and get back to work prompted demand for accurate testing of entire populations, which has driven demand for his product.

Many Western governments are turning to mass testing for the coronavirus, hoping that quickly isolating more new carriers will halt its spread and allow the reopening of their economies, he says. With the economic cost of lockdowns rising, health and government officials in Europe and other countries are looking to follow the example of South Korea, Singapore and Taiwan, where millions of people have been tested .

More than 2 million COVID-19 tests have been conducted in Australia alone, according to the federal Department of Health. But this pales in comparison to the US, where more than 31 million tests have been conducted, according to John Hopkins University.

Melki says Genetic Signatures is well positioned to help governments and stressed healthcare systems address the pandemic. Until a vaccine is found, mass testing is going to be the key to identifying and controlling outbreaks of the virus within communities globally.

The pandemic has accelerated the company's business expansion plans. It has allowed it to enhance its relationships with labs and hospitals around the world and demonstrate it is a reliable long-term partner in addressing global health challenges. All Genetic Signatures staff are tested at least three times a week to ensure there is no threat to maintaining the supply of its essential equipment.
  Forum: By Share Code

nipper
Posted on: Today, 02:15 PM


Group: Member
Posts: 7,120

Whispir specialises in the development and provision of communications management systems via a cloud based platform. The Group enables the integration of smart applications and micro communications services into existing workflow solutions to automate specific areas of business critical communications across mobile/email/voice/social/web.

WSP operates across three key regions of ANZ, Asia and North America.

Since IPO in June 2019, it has traded well and recovered from the Covid selloff to be well above initial offer price. This has been helped by a good 01 June update, with the FY2020 EBITDA result ... now expected to be between ($7.9m) to ($7.4m) which is materially ahead of the Prospectus forecast of ($9.4m).
This has been achieved by a combination of stronger than forecast revenue and operating expenditure being lower than expected.

QUOTE
The company seems to have been a beneficiary during Covid, picking up new customers and adding services to existing ones.
• Increased demand for communications software
• Increased platform use for business critical COVID-19 interactions
• Improved productivity and operating efficiency

The software could be up and running in 24 hours, in most cases.
  Forum: By Share Code

nipper
Posted on: Today, 02:08 PM


Group: Member
Posts: 7,120

interesting company:

QUOTE
Whispir Ltd (ASX: WSP) is a potential 10-bagger share that I am watching very closely. The company offers a cloud based communications workflow platform to its clients, facilitating automatised interactions between businesses and people. Although it has been operating for a long time, the company only listed recently. Whispir is not currently profitable.

However, as a software as a service company (SaaS), it has a few characteristics which I find interesting. First, it uses a subscription business model. This means much of its revenue, greater than 95% in this case, come from recurring revenue. Second, like all SaaS companies, it has a high operating margin .... in the case of Whispir, that’s 62%.

Also, the company appears to be focusing on the right metrics. It has seen its gross revenue rise by 20% in H1 FY20 versus H1 FY19. In addition, it has been able to increase its annual recurring revenue per customer by 17% versus H1 FY19.

Finally, as evidenced by the company H1 FY20 presentation, the list of Whispir clients is both long and diverse. This shows that the company products are versatile enough to appeal to a broad audience, as well as being a service companies need.

When analysing a company to see if it could be a 10 bagger share, I try to take into account the following criteria. First, does the company address a need for industry or society? Second, do they have a track record of achievement? Are they actually making progress, or just full of hot air and fluff announcements? Third, do they have access to the cash they need to get to profitability?
Motley Fool
  Forum: By Share Code

nipper
Posted on: Today, 12:18 PM


Group: Member
Posts: 7,120

PolyNovo has received funding of $US15 million from the Biomedical Advanced Research and Development Authority (BARDA) to support the Pivotal trial program of NovoSorb BTM.

The trial will gather extensive data on the effectiveness of NovoSorb BTM in the treatment of full thickness burns and will allow PolyNovo to apply for premarket approval approval from the US Food and Drug Administration for this treatment indication. It is already approved for this treatment outside the US.
QUOTE
We appreciate BARDA’s ongoing commitment to NovoSorb BTM in funding this trial, said managing director Paul Brennan. Their substantial non-dilutive funding for this and other programs better enables PolyNovo to bring our innovative, life saving products to the US and the rest of the world.
  Forum: By Share Code

nipper
Posted on: Today, 10:29 AM


Group: Member
Posts: 7,120

Annual Results out:

Full Year Profit was $6.4 million compared with $8.9 million last year. The fall in profit was due primarily to a reduced contribution from investment income as companies reduced or suspended dividend payments. This fall was partially offset by an improved contribution from the Trading Portfolio.

The final dividend was maintained at 6.5 cents per share fully franked. Total fully franked ordinary dividends for the year are 10 cents per share. No special dividend has been paid or declared for this financial year.

I like to look what the portfolio adjustments are made during the year...
QUOTE
The extreme volatility and deteriorating economic outlook over the financial year saw Mirrabooka further consolidate its investment portfolio from 63 to 52 holdings. Tough calls were required on exiting some interesting early stage companies, as funds were required to buy higher quality companies that were also sold off heavily during the year and are better placed for the deteriorating economic outlook.

Much of our buying through the recent market correction came through discounted rights issues and placements, in total $20 million was invested in 13 share issues. Our largest participation was in raisings by Auckland International Airport, Atlas Arteria, InvoCare, Reece, NEXTDC, Oil Search and Qube Holdings. Other purchases in recent share price weakness included Netwealth, Realestate.com, Xero, Infomedia, Cleanaway Waste Management and Breville Group, all of which are quality businesses which have strong positions in their respective industries.


New companies bought during the ye
ar
Oil Search
Fineos Corporation
Cleanaway Waste Management
Temple and Webster
Auckland International Airport
OptiCom
Infomedia
Marketplacer (unlisted)
Pinnacle Investment Managment
CountPlus
REA Group
Plexure Group (NZX listed)
Premier Investments


Major sales were:
Wellcom Group (takeover) $10.182m
Lifestyle Communities $10.137m
Computershare $5.994m
Dulux Group (takeover) $5.730m
TPG Telecom $5.047m

As stated, total number of holdings down from 63 to 53. With 11 additions, then there will be a culling of nearly 2 dozen smaller holdings of what they term interesting early stage companies
  Forum: By Share Code

nipper
Posted on: Today, 09:55 AM


Group: Member
Posts: 7,120

CSL is in discussions to produce hundreds of millions of doses of an experimental Covid 19 vaccine in 2021, assuming clinical trials are successful and it is approved by Australian and international regulators. The decision... to push the button on manufacturing came as the vaccine was given to people for the first time in Phase 1 clinical testing. The University of Queensland scientists behind it said on Monday the immuniser could be ready for emergency use in the new year.
CSL, which is partnering with UQ to fast-track the vaccine, will make several million antigen doses before the human trials are completed, punting on the prototype vaccine passing the three-stage proving process and being licensed.
QUOTE
A portion of these (doses) will be used in phase II/III clinical studies, with the remainder available as soon as marketing authorisation is granted, a company spokesman said. We anticipate producing tens of millions of doses during 2021, which would be made available subject to safety and efficacy data generated by trials as well as regulatory approval.

Initially, CSL will manufacture vaccine from its biotech manufacturing facility at Broadmeadows. Further scaling up of production to hundreds of millions of doses will be achieved in partnership with a contract manufacturer. To this end, we are in early discussion with global manufacturers regarding production.”


Qld Premier Anna Palaszczuk emphasised the importance of the vaccine being made in Australia. That has always been the missing piece … we have to get overseas companies to do that production. (This time) it can be made here locally and distributed internationally, she said. She said this would be worth “millions if not billions” of dollars to the nation.

UQ project leader Trent Munro said the scientists had been working around the clock to meet aggressive timelines to ready the vaccine to be tested on people, a critical phase of its development. Preclinical trials on laboratory animals in May showed it delivered higher immunity levels to COVID-19 than those in people who had recovered from the disease.


Yet many new drugs fail in human testing and Professor Munro said there was no guarantee the UQ vaccine would get through.
QUOTE
I think it’s still early days, but everything we have seen gives us confidence that we should keep moving forward. We feel really positive … all the data we have seen is good but like any vaccine trial, this may or may not succeed.

Work that would normally take years to bring a new drug to clinical trial has been crammed into barely five months since the UQ team adapted its cutting-edge molecular clamp vaccine technology to COVID-19. Being protein based, the candidate vaccine is considered safer to test on people than formulations using live virus. The volunteers, ranging from 18 to 55, will be given two treatments four weeks apart in a randomised, double blind, placebo controlled study.

Another lead researcher, Paul Young, said the aim was to have the vaccine mass-produced and widely available by mid-2021. The drug could be released as early as January for emergency use if it performed to expectation in the human trials. Nursing homes hit by a coronavirus outbreak or situated in an area where the disease was surging would be considered for such use, public health experts say.


Only a handful of the 180-odd vaccines in development around the world are in human trials, putting the promising UQ offering in the top tier of contenders from the US, Britain and China. In the US, an RNA vaccine developed by Boston-based biotech Moderna Therapeutics completed successful phase-I human trials in May and is due to go to phase-II/III testing by the end of the month. Other US companies on the trail include pharmaceutical giants Pfizer and Johnson & Johnson; Pennsylvania-based Inovio has also reported strong immune responses in phase-1 subjects of its DNA-based vaccine. Oxford University group has human trials under way, as do Brazil and South Africa. CanSino Biologic in China has been cleared by Beijing to test its potential vaccine on the two million-strong army. Professor Young said rival research teams were not competing, and the world would need more than one vaccine.
  Forum: By Share Code

nipper
Posted on: Today, 09:30 AM


Group: Member
Posts: 7,120

Apart from short trades .. I am thinking it is late February or early March all over again and the market is just waking to the possibility it may be bad, one more time.
  Forum: Macro Factors

nipper
Posted on: Yesterday, 05:58 PM


Group: Member
Posts: 7,120

Keep distance, wash hands, wear mask. Avoid crowds
  Forum: Off Topic Chat

nipper
Posted on: Yesterday, 02:26 PM


Group: Member
Posts: 7,120

TPG and Vodafone Hutchison Australia begin trading as one on Monday, and the first move will be to switch on the old TPG abandoned 4G mobile network. The new company, called TPG Telecom, will also immediately integrate unused mobile spectrum of TPG into the old Vodafone existing holdings.

Chief executive Inaki Berroeta said Vodafone mobile customers in metro areas would notice an immediate improvement. This increases the capacity of our network. From a customer perspective that means not just higher speeds, but more quality in general, because the network has more space, he said.

He said customers in Canberra would be the first to benefit from a 20 per cent increase in capacity after the firm switched on an additional 1800MHz spectrum at 99 sites.
  Forum: By Share Code

nipper
Posted on: Yesterday, 01:54 PM


Group: Member
Posts: 7,120

Aged-care home provider Estia Health says 13 residents at its Ardeer, West Melbourne, facility have tested positive for COVID 19.

Earlier this morning Estia Health stated no residents had tested positive as part of a general market update that included writedowns of up to $148 million.

Estia Health commented:
QUOTE
The Company has activated its COVID 19 positive test response plan and is working with the Victorian Department of Health and Human Services Public Health Unit and the Commonwealth Department of Health to manage and monitor the situation.


[not a happy sector to be in]
  Forum: By Share Code

nipper
Posted on: Yesterday, 12:49 PM


Group: Member
Posts: 7,120

TNE has been hit with a research report from a Hong Kong outfit, claiming a Growth illusion, where Technology One used accounting tricks to pull forward revenue and profits artificially creating growth and hiding a major slowdown. Overall, we estimate FY19 profits were inflated by over 200%, GMT's Nigel Stevenson wrote.

GMT said new accounting rules on revenue recognition came into force in fiscal 2019, requiring revenue to be recognised over a contract period rather than booking it upfront....:
QUOTE
Revenue and profits under the new rules are significantly lower, he said. The research firm said Technology One had used accounting tricks, like changing contract renewal dates, to pull forward revenue and mask major slowdown in the last couple of years.. .Instead of reported growth of 9% and 13%, we estimate underlying revenue was flat in FY18 and grew just 1% in FY19
.


not helping the shareprice, ....but GMT are not alone in querying the accounting change; just opportunists trying to create some market tension. The report was dated 24 June, so why so long until tanking? GMT has a $4.65 price target on the stock.
  Forum: By Share Code

nipper
Posted on: Yesterday, 10:20 AM


Group: Member
Posts: 7,120

Individual shares opened up but there was no ASX200 index until about 10;20 and that was @ 6000
  Forum: Investment Discussion

nipper
Posted on: Yesterday, 09:57 AM


Group: Member
Posts: 7,120

been reading lots of stories about Chinese workers recalled from lockdown, back to the factories, only to be stood down again. They are finding there is no work as contracts had been cancelled as the rest of the world seized up.

Markets hate uncertainty. (workers are expendable)
  Forum: Investment Discussion

nipper
Posted on: Jul 12 2020, 02:48 PM


Group: Member
Posts: 7,120

another rare earths hopeful, this time IPO in late July 2020 (now looking at 31 July). As announced to the ASX on 20 May 2020, ASM’s parent company Alkane has resolved to progress with the Demerger transaction to separately list ASM on the Australian Securities Exchange, subject to shareholder approval and ASX approval for listing.

Australian Strategic Materials Ltd (ASM) is progressing the Dubbo Project to become a key global supplier of specialty metals and rare earths. These are critical for advanced technologies in high-growth sectors, including electric vehicles, clean energy, healthcare and robotics.

https://asm-au.com/

Our world-class Dubbo Project is an alternative, sustainable and reliable source of premium-quality zirconium, rare earths, niobium and hafnium as oxides and metals. These critical materials that are essential to advanced technologies and only available in limited quantities are mainly supplied from China.
  Forum: Investment Discussion

nipper
Posted on: Jul 12 2020, 02:41 PM


Group: Member
Posts: 7,120

likely to IPO in August 2020. In these Covid times, there is likely to be some interest. FDA approved in May 20.

4DMedical (formerly 4Dx) is a medtech company based in Melbourne, Australia, established to commercialize four-dimensional lung imaging platform, XV Technology.™

4DMedical’s XV Technology process is a software-as-a-service (SaaS) diagnostic tool, available through secure cloud subscription, and can be implemented immediately, utilizing existing hospital and clinical infrastructure with no capital expenditure or training required. Imaging departments simply electronically send an X-ray (using existing fluoroscopy equipment) to 4DMedical.

XV Technology is not intended to replace molecular tests as the primary diagnosis method for COVID-19; however, 4DMedical believes its ventilation reports will prove essential in providing quantitative support for diagnosis and follow up examinations for patients with, or recovering from COVID-19.

4DMedical software then rapidly and automatically analyzes and applies its proprietary algorithms to identify and quantify any functional impairment. The software generates a ventilation report and sends it to the hospital to enable clinicians to determine the most effective treatment course of action and allocation of finite hospital resources. The end-to-end process can be completed and a report generated within three hours.
  Forum: By Share Code

nipper
Posted on: Jul 12 2020, 02:23 PM


Group: Member
Posts: 7,120

ASX reporting it will list on Tuesday, 14th July 2020, 10:30 AM AEST .
Only $5 million or 25 million shares raised at the IPO, and existing shareholders hold 193 million (with some 48% of these under escrow)

MKR owns 100% of two, fully permitted, Gold and Silver assets located in the Cobar Basin of NSW. These assets include the following:
• The Mt Boppy Gold mine and substantial neighbouring tenements which hosts an existing open pit resource of 44,000oz Au grading 3.13g/t (of which 31,000oz Au is in reserve status);
• The Wonawinta Silver project, with mine, processing plant and substantial neighbouring tenements which hosts a 52m oz JORC compliant silver resource grading 42g/t Ag; and
• 850,000t.p.a. plant plus associated infrastructure which includes 2 fully operational mine camps and a recently expanded tailings storage facility. Processing schedules includes processing of existing stockpiles at Mt Boppy and Wonawinta. Also spare capacity so likely toll treating for nearby third parties.

Exploration Program
Over past 3 years developments have led to a better understanding of the Cobar Basin, including
... Fitzherbert has seen refining the Cobar-Type Mineral System;
... New Insights Spawned from Direct Dating of Mineralisation.
• uncertain historical data consisting of insufficient detail demands fresh review over entire package
• 5 high grade, high conviction targets at Mt Boppy, 4 high grade high conviction targets at Wonawinta

Mt Boppy mine produced >500,000 oz Au @ 15g/t; Drilling was largely limited to ~120 metres depth
Historical exploration on the Wonawinta properties was halted at depths of circa 60m.
  Forum: By Share Code

Poll: The Banks
nipper
Posted on: Jul 11 2020, 02:52 PM


Group: Member
Posts: 7,120

The article I took that from went on with some sage comments relating to down the track; with some valuation metrics at 30 year lows, is already having set aside billions of dollars in provisions for potential losses enough, or is there more bad news to come?

Can the big four banks ride out the storm?

https://www.afr.com/wealth/personal-finance...20200708-p55a3j
QUOTE
The positive thing about Australian banks is that they have some of the strongest banking franchises on the planet, says Simon Hudson, head of equities at UniSuper. The difficulty is that the earnings environment is just so challenging. Given that all banks have heavily-leveraged business models by definition, I think the market is understandably very cautious.

The pandemic may well have long passed before the worst of the bad debts are recorded, if past recessions are any guide.

Usually the time to buy banks is when you think they're nearing the peak in bad and doubtful debts or they’ll be nowhere near what the market is anticipating or pricing in, says Hudson. But history shows that peak bad debts can significantly lag the economic cycle. Things may be improving more generally but bank earnings and capital can still be under pressure. It’s a testing time for any investor to see through this.
  Forum: Investment Discussion

Poll: The Banks
nipper
Posted on: Jul 11 2020, 11:28 AM


Group: Member
Posts: 7,120

QUOTE
Ausrtralian banks have had a dreadful time on the sharemarket over the past 12 months – the second-worst performing sector, down close to 30 per cent and outperforming only the even more unloved energy stocks. Commonwealth Bank of Australia will give the next best insight into the new world of COVID-19 banking when it reports its full-year results on August 12.

CBA is the best-performing major bank over the past 12 months, with its shares down only 13 per cent compared with a 36 per cent fall for Westpac Banking Group. ANZ and National Australia Bank are both down 33 per cent. It remains the most highly-prized bank in Australia, trading at a hefty premium to the book value of its assets, indicating that investors still believe it can generate superior returns through the cycle. The other big banks are trading in line with, or at a discount to, the book value of their assets.

It’s a far cry from the time when the banks were collectively generating returns on equity closer to 20 per cent than 10 per cent, justifying price to book multiples of closer to two times. The performance of the banks can be seen as a reflection of the health of the broader economy, and fears of a deep recession are taking its toll.
QUOTE
One of the biggest issues on the minds of potential investors during COVID-19 is the future economics of loan deferrals. Introduced by the banks in mid-March, loan deferrals were offered to both consumer and small and medium enterprise customers. Similar programs are in place for personal loans and credit card customers.

APRA said this week that almost 900,000 loans worth a total $266 billion had been deferred. Unpaid interest during this period is capitalised, meaning it is added to the customer’s outstanding loan balance to be paid over the remaining loan term.

This week the banks extended the maximum term of deferment to 10 months, or 31 March 2021, (whichever comes first), smoothing the curve of potential problem loans in the eyes of bulls but prolonging the potential peak in bad debts until 2022 in the eyes of the bears. Most deferrals were provided for an initial three-month period, with an option to extend for a further three months, and most banks have been undertaking three-month initial check-ins.
  Forum: Investment Discussion

nipper
Posted on: Jul 10 2020, 06:59 PM


Group: Member
Posts: 7,120

QUOTE
Telstra Health, which is the largest Australian-based provider of software for healthcare providers, has struggled for years to get traction with tele-medicine.

Patients and general practitioners were reluctant to meet via video. CEO Andy Penn says the key reason it never gained traction was because a video consultation did not qualify for the Medicare rebate.

But COVID meant restrictions were lifted and patients can now claim the Medicare rebate when undertaking a video consultation. To capitalise on this Telstra Health has signed a deal with pharmacy chain Priceline.

Penn says Priceline customers can come into a pharmacy and if they do not have a prescription they can have a medical consultation on the spot via video with a doctor who could then issue a prescription that could be filled immediately.
.

Telstra chief executive Andy Penn says Australia has made more progress in the last three months in becoming a digital economy than in the previous five years. Companies can transform their businesses through radically simplifying products, improving the digital experience of customers and installing a new technology stack.

QUOTE
We are now rolling out functionality and capability at a material scale which is making a big difference... A lot of that has enabled us to response to COVID very effectively. In a way, we are slightly fortunate that our digitisation program is landing at this time because things like the MyTelstra app, which we just relaunched, already has had 4 million downloads.
The new app allows Telstra to use asynchronous messaging to handle customer inquiries. This sort of messaging, which is used by Facebook Messenger and WhatsApp, does not require constant connectivity to keep the conversation active. Penn says that several aspects of the T2022 transformation plan are being implemented ahead of schedule including the ambitious target of reducing call centre traffic from 36 million calls a year to 12 million.

COVID has disrupted Telstra's ability to service customers because it forced the shut down of its call centres in India and the Philippines. Penn apologised for delays caused by this. But he says this has forced the company to move a lot of its service to Australian call centres or online. The asynchronous messaging through the MyTelstra app will help to alleviate the pressure on call centres.

He says COVID has not only changed consumer behaviour it has opened the way for changes in the way people interact with a range of services because of regulatory change.
  Forum: By Share Code

nipper
Posted on: Jul 10 2020, 03:39 PM


Group: Member
Posts: 7,120

a weak end to the week
  Forum: Macro Factors

nipper
Posted on: Jul 10 2020, 12:00 PM


Group: Member
Posts: 7,120

Interesting times:
QUOTE
Prime Minister Scott Morrison announced earlier this week that the Government intended to introduce some support after much of the current stimulus package ends in September.

At the moment, stimulus also means adding eye watering levels of government debt to the balance sheet ..... perhaps a trillion dollars of it.

That's not a problem according to some economists such as Bill Mitchell, emeritus professor of economics at Newcastle University and one of the early founders of Modern Monetary Theory (MMT). There is no question that the Government can meet all of its liabilities he said. A government like Australia, which issues its own currency, can always pay it out. He said the Government could simply get the Reserve Bank to create the currency that is needed.

Modern Monetary Theory has long been ridiculed by most economists as Modern Magical Thinking because simply typing money into existence risks inflation. MMT supporters say inflation is the last of our worries right now.

But even if you accept that the Reserve Bank can magically type money into existence, that is a luxury households do not have. Household debt relies on income from jobs.

Professor Mitchell believes the way out of our coronavirus recession is for the Government to fund unconditional jobs for anybody who wants them. That income support then provides a sort of buffer for the economy, he said.

The Reserve Bank deputy governor is not entirely dismissive of Bill Mitchell's belief that we do not need to worry about government debt. A reasonable amount of what they are saying is not different from the way I would think about it, and the way a lot of other people think about it, it is a matter of degree, Mr Debelle said. If you borrow too much, then that's inflationary or you are Argentina and you default. There are plenty of examples where there are clearly limits, the question is where those limits are.
  Forum: Macro Factors

nipper
Posted on: Jul 10 2020, 11:43 AM


Group: Member
Posts: 7,120

A view is, as we go longer in lockdown, that this has
QUOTE
...driven business and entertainment online, but left telcos spending to service surging demand, and, with fixed pricing structures, no quick way to monetise the investment.

At the same time, roaming revenue has dried up as people travel less, and telcos are bracing for a slump in new contracts accompanying a wave of unemployment as businesses shu
t.


Although other reports, from the boss, no less, are not so pessimistic.
QUOTE
The fact that actually we can even contemplate large sectors of the economy and the population working and studying from home is in of itself a pretty impressive fact, given the technology and the capacity that has had to be created and invested in to get us to that point....

We are seeing an increase in mobile traffic, we are seeing a shift in the peak time of mobile traffic, which was typically around 5:00 pm, it is now trending more towards 2:00 pm in the afternoon. We are seeing, obviously, volumes on the network more generally increase
. .... Andy Penn, CEO
  Forum: By Share Code

nipper
Posted on: Jul 10 2020, 11:35 AM


Group: Member
Posts: 7,120

TLS may even pay a dividend, when it announces next month.


  Forum: By Share Code

nipper
Posted on: Jul 10 2020, 10:57 AM


Group: Member
Posts: 7,120

quiet buying for Calix. None of that bot bounce or silly buggers, but a slow accumulation. Nice
  Forum: By Share Code

nipper
Posted on: Jul 9 2020, 08:41 PM


Group: Member
Posts: 7,120



QUOTE
There is a terrible collision between several economic realities about to occur and it is going to leave hundreds of people seriously out of pocket and the housing market with a glut of cut price apartments.

Roughly 10 per cent of off-the-plan purchasers have defaulted on their contracts in the past three months, and more are likely to do so in the next few months. It’s all down to a combination of factors.

There are the completed properties not being worth what was paid for them due to falling prices. That leads to negative equity ; owing more on the property than they are worth.

Most lending institutions are only prepared to offer loans on final valuation rather than the initial purchase price agreed before building started.

Then there are large numbers of purchasers losing their jobs or not being sure they will keep them. And the option for purchasers of walking away from their 10 per cent deposit is not as simple as it seem.
.
-sadly, it is not tempting to rush in and score a bargain!
  Forum: Investment Discussion

nipper
Posted on: Jul 9 2020, 08:17 PM


Group: Member
Posts: 7,120

can it get worse?
QUOTE
Freedom Foods has extended its voluntary suspension until October 30, saying it may be some time before the embattled company can resurrected. The company said a number of activities needed to be considered by the broad before it could be in a position to provide information on the historical issues identified, the financial position and outlook of the company.

The company said it will need to conclude its investigation into the historical issues referred to in previous announcements, complete its annual accounts, provide appropriate guidance, search for a new chief executive officer and chief financial offer, and complete any necessary capital initiatives.

The company said it will keep investors advised of any material developments in accordance with ongoing continues disclosure obligations.
The company said it had received a waiver from its financiers in relation to its financial covenant obligation at June.

a bit of a wait, but not much will be left
  Forum: By Share Code

nipper
Posted on: Jul 9 2020, 08:15 PM


Group: Member
Posts: 7,120

Australian medical technology company LBT Innovations Limited (ASX: LBT) , a leader in medical technology automation using artificial intelligence, has received commitments totalling approximately $8 million, for new fully paid ordinary shares in the Company at 16 cents per share.

Key Points
• $8 million Placement to sophisticated and professional investors
• Beckman Coulter marketing partnership for APAS® announced 7 July 2020 to accelerate sales and scale
• Funds from Placement will be used to support these sales activities in Europe with Beckman Coulter, as well as commercial activities in the United States and ongoing APAS® analysis module development
• New institutional investors to join the register
• Placement funds plus $7.1 million cash at 30 June 2020 provides funding runway into 2022
• A Share Purchase Plan for existing investors targeting $1 million
  Forum: By Share Code

nipper
Posted on: Jul 9 2020, 08:13 PM


Group: Member
Posts: 7,120

Australian communications and technical services company, focused on the delivery of infrastructure projects, services and equipment to the building services industry. BSA provides installation and maintenance solutions to the broadcast and telecommunications industries. BSA has three business segments namely: BSA |Connect, BSA| Build and BSA |Maintain.

Also, from Naos fund (NCC) came this:
QUOTE
BSA provided a trading update in June, after numerous months of providing little to no information to the market, which we believe was a major factor in the share price hitting a 12-month low of $0.23. The update covered a number of key points with commentary on expected profitability for FY20, capital management initiatives, dividend policy and balance sheet flexibility. FY20 underlying EBITDA is expected to be in the range of $20 to $22 million, with a strong cash position enabling the board to pay the deferred interim dividend in July 2020.

Looking forward, the board expect to implement a dividend payout ratio between 40 to 60% of earnings and are also looking at various capital management initiatives which may allow the release of the significant franking credit balance. No commentary was provided on the current tender pipeline, but we believe that the actions of the board with regard to capital management implies that the potential workload ahead of BSA may well be significant.
  Forum: By Share Code

nipper
Posted on: Jul 9 2020, 08:09 PM


Group: Member
Posts: 7,120

recently acquire ITree, which offers cloud based safety, regulation, compliance and enforcement solutions for government agencies and regulated industry. Operates across Aust and NZ.

Included in the Announcement is this
QUOTE
Both Objective and ITree were born in Wollongong, NSW.

Both companies are deeply focused on delivering outstanding community outcomes through serving the needs of public sector organisations.

Both companies shun offshore and outsourced development, preferring to directly employ local world class engineers in their own development campuses.

and some words from Naos (NEC) a long term investor
QUOTE
Objective Corporation Ltd (ASX: OCL) has been a long-term provider of software solutions to the Australian Government, and recently entered the second 3-year term of their 6-year contract with the Department of Defence. OCL originally announced they had won this contract with the Department of Defence for the FY18 to FY23 period back in July 2018. We believe one of the hallmarks of a high-quality software business is the ability to generate organic revenue growth within the existing customer base through increasing customer usage as well as expanding the product/service set to these customers. In our view, OCL has been able to demonstrate this over time, and pleasingly, the abovementioned contract has increased in value since commencement in FY18.

At their FY18 Annual General Meeting, OCL provided clarity on what the current Annualised Recurring Revenue of the business was, (at that stage $40.5 million) and what OCL believed the long-term potential of the business to be ($127.1 million). With a majority of OCL’s clients operating in some form of government/regulated environment and with a significant amount of emphasis being put on cloud migration, governance, transparency, collaboration and ease of use, we continue to firmly believe that OCL has the ability to achieve this ARR figure over the long term.

With a cash balance of close to $40 million we believe there is potential opportunity for further strategic acquisitions, as funding for smaller private businesses in the current economic climate has become significantly more challenging

  Forum: By Share Code

nipper
Posted on: Jul 9 2020, 07:48 PM


Group: Member
Posts: 7,120

some boost in these Covid times. What it means is almost unimportant; they are throwing everything t the problem.
QUOTE
RECCE® Compounds Selected by CSIRO/Doherty Institute in Priority 1 Candidate Group for SARS-CoV-2 Antiviral Screening Program
Highlights:

• RECCE® 327 and New RECCE® 529 compounds were selected for their unique mechanism of actions against hyper-mutation, as indicated on bacteria and viruses (respectively)
• Testing program will be conducted by CSIRO & University of Melbourne at the Doherty Institute
• Therapeutic antiviral treatment focus of RECCE® 327 and RECCE® 529 may see added potential benefit against secondary bacterial infections

Priority 1 status is defined as highest or strong likelihood of antiviral or antiseptic efficacy – Compounds in this grouping will be eligible for stage 1 laboratory screening trials.
and

QUOTE
Recce chairman John Prendergast said under the agreement, the company would retain all intellectual property rights. He added that Recce would fund the first stage of the program's development, which is expected to cost $35,000.

Dr Prendergast said if testing progresses, costs will increase at each stage.
The company will make (an) announcement in relation to progress to any further stage, and will detail any material associated costs. We are very pleased to have been selected by the CSIRO, one of the largest and most diverse scientific research organisations in the world, to investigate the efficacy of two of our promising compounds against SARS-CoV-2. The compounds' unique, universal mechanisms of action indicate the potential to attack a broad range of viruses and as well, overcome the threat of viruses' typical hyper-mutation into new and deadly pathogens.
It comes after CSIRO researchers last week found that lab-grown cells from the upper layer of the airway to the lungs — the human bronchial epithelium — reliably mimic a live person's airway's response to viruses. CSIRO research scientist Elizabeth Pharo said the airway model could potentially be used to screen up to 100 antiviral compounds within three months, and CSIRO is exploring ways to further accelerate screening including the use of robotic technology.
For many respiratory diseases, such as COVID-19, the airways act as the first responders to inhaled pathogens. When we infected our airway epithelial cultures with the 2009 pandemic H1N1 influenza virus, the cells had the same innate immune response as in a live person's airway. It is hoped this work will help improve our understanding of how COVID-19 may affect people with pre-existing lung conditions... said Dr Pharo

up 50% today to over $1.00. Was 30c a share in April
  Forum: By Share Code

nipper
Posted on: Jul 9 2020, 01:18 PM


Group: Member
Posts: 7,120

wow. not much of a following.

Saunders International Limited (SND) is an Australia-based company engaged in design, construction and maintenance of steel bulk liquid storage tanks and associated infrastructure and service. They provide solutions to the bulk liquid storage, industrial, energy and resources sectors,they also have Intelligent engineering and construction solutions to the road and rail infrastructure sectors.

SND announced its 6th major contract win for 2H FY20 with a $12 million contract for the mechanical refurbishment and upgrade of two liquid storage tanks at Bulwer Island.

But here is where it gets interesting
QUOTE
In terms of potential future opportunities, it is also worth noting that the Federal Government recently announced a Request for Information (RFI) process for potential liquid storage projects around Australia. The purpose of the RFI according to Government is to strengthen local industry, as well as enhance Australia's onshore fuel security.

We estimate that if Australia is to store its recently acquired fuel onshore (currently stored in the US), the total spend on storage facilities to reach the necessary capacity, prior to the acquisition of any land and buildings, would be between $1 to $1.5 billion. Submissions close on the 10th of July and we expect a decision to be made later in the calendar year.
  Forum: By Share Code

nipper
Posted on: Jul 9 2020, 10:43 AM


Group: Member
Posts: 7,120

there will be downstream flooding, for sure.

But there seems to be floods every year in Southern China, about this year. Monsoon moving north.
  Forum: Investment Discussion

nipper
Posted on: Jul 9 2020, 10:39 AM


Group: Member
Posts: 7,120

life in Fastbricks still. Bit of a spurt early June, then settled, and recently up four days in a row

Relinquished their JV with Brickworks (amicably).
New contract signed with Archistruct Builders & Designers.
$2.8 million Rand D grant received.
Hadrian Robot increasing production up to 200 blocks per hour with future projections aiming for up to 1000 blocks per hour .

  Forum: By Share Code

nipper
Posted on: Jul 9 2020, 10:17 AM


Group: Member
Posts: 7,120

up 200% this morning. Early days, and probably retrace

Woolworths selects SECOS to supply two certified compostable bin liners into their stores - 8L Kitchen Caddy Bag and 36L Bin Liner.

- Initial rollout will begin in July with 86 Eco Stores and a view to expand supply through the broader Woolworths retail network

-The availability of SECOS’ compostable bags via Woolworths stores will give households participating in approved council food organic waste programs the option to dispose of the bags and food waste in their green waste bin
  Forum: By Share Code

nipper
Posted on: Jul 9 2020, 09:41 AM


Group: Member
Posts: 7,120

Why not try voice recognition ... predictive text.


I predict it will get it wrong most of the time. Not 100%, but nothing is perfect.
  Forum: By Share Code

nipper
Posted on: Jul 9 2020, 09:02 AM


Group: Member
Posts: 7,120

ASX-listed gold miners and explorers are positioned for another positive session after spot prices for the precious metal sailed passed $US1800 an ounce in trade overnight, setting fresh post-GFC highs.

After hitting technical resistance just below the $US1800 milestone in US trade one day earlier, prices on the spot market last night jumped to as high as $US1818 an ounce. Prices have eased back to just above $US1810 heading into early Asian trade.

Demand for physical gold has seen sustained support from investors looking to hedge inflation risk in an environment where cash rates are not expected to be lifted from historic lows for the foreseeable future and the supply of money is increased.

.
  Forum: Macro Factors

nipper
Posted on: Jul 8 2020, 09:44 PM


Group: Member
Posts: 7,120


Navarre Minerals (ASX: NML) Victorian project is continuing to come up trumps with latest assays from Resolution Lode returning high-grade gold close to the privately-owned Magdala gold mine at Stawell.

The latest results are from a 9,000m expansion diamond core drilling program across Resolution Lode within Navarre’s Stawell Corridor gold project and have confirmed gold mineralisation from surface to beyond a 300m depth, with mineralisation remaining open down plunge.

Navarre noted mineralisation appeared similar to the 4 million ounce Magdala deposit, which is 20km along strike to the north.

Notable assays from latest drilling at Resolution Lode were 9.4m at 2.6 grams per tonne gold, including 2.9m at 6.2g/t gold; 11.9m at 1.8g/t gold, including 2m at 9.9g/t gold; and 10.3m at 2.2g/t gold, including 1m at 20.8g/t gold.

Our ongoing diamond drilling program at Resolution Lode is continuing to deliver consistently strong grades of high-grade gold mineralisation from within a well-defined lode channel extending from surface to beyond 300m depth, Navarre managing director Geoff McDermott said.

To-date, 12 holes for 4,000m have been completed at Resolution Lode, with drilling targeting beneath areas where previous aircore drilling returned better results.

Navarre noted the latest assays complement previous drilling at Resolution Lode where numerous high-grade gold intervals were returned including up to 47.2g/t gold within a 0.7m interval.

The remaining 5,000m from the 9,000m program is underway, with Navarre claiming drilling will continue and move towards round the clock operations.
QUOTE
Step-out drilling is planned to continue through winter to evaluate the size, continuity and tenor of gold mineralisation at Resolution Lode in order to see if has what it takes to deliver Victoria’s next major gold deposit, Mr McDermott explained.

The geometry and style of gold mineralisation at Resolution Lode is similar to the nearby 4Moz Magdala gold deposit, where gold has historically been mined from surface to 1.6km depth, indicating the potential for a similar large gold deposit at Resolution Lode.


still hoping for the big one
  Forum: By Share Code

nipper
Posted on: Jul 8 2020, 08:05 PM


Group: Member
Posts: 7,120

Had not heard about this fund; like most Aussie ETF alternatives, the ability to attract inflows becomes all important
QUOTE
VanEck Vectors Wide Moat ETF (ASX: MOAT)

This exchange-traded fund (ETF) is one of my favourite investments. It is not an index fund like the iShares Core S&P/ASX 200 ETF (ASX: IOZ). Rather, it only invests in a select group of US companies that have characteristics that indicate the presence of a wide moat.

A moat is a concept popularised by Warren Buffett and translates into a durable competitive advantage a company might possess. This moat protects the company from competition and disruption. Apple is a great example of a company with a wide moat. Think about Apple’s brand power. It enables the company to charge relatively high prices for its products compared with any competitor. Not a bad trait for an investment to have.

At the time of writing, the MOAT ETF has 47 holdings. These include famous names like American Express, Amazon.com, Boeing, Buffett’s own Berkshire Hathaway, and Harley Davidson. I am more than happy to own such a basket of famous brands myself.

MOAT has returned an average of 15.69% over the past 5 years. A pretty good showing from an ETF. As such, I think MOAT can merit a place in any ASX portfolio, but especially those lacking in some American exposure
Motley Fool
  Forum: Investment Discussion

nipper
Posted on: Jul 8 2020, 11:39 AM


Group: Member
Posts: 7,120

https://www.afr.com/


Analyst views on the raising and update flooded in on Wednesday morning, as Afterpay shares hovered around $66.30 in early trade. The likes of UBS said the fresh equity wouldn't be enough to fund its growth and Macquarie concluded COVID-19 had accelerated the flywheel driving its growth.
Here's the rundown.

UBS
The Swiss bank analysts said the capital raising was supportive of the broker view on its capital intensive business model. They estimated Afterpay loan book was about $850 million at June 30 and if it were to growth to $52 billion by fiscal 2025, as in the UBS base case, then the size of its net receivables might increase to $3.8 billion.

In our view, APTs raising therefore is insufficient to fund the growth on its own, with further equity, warehouse or other debt funding required. Based on sell-side consensus forecasts, we continue to strongly believe the market is under-appreciating the APT's capital intensity.

UBS had a price target of $27.

Macquarie
The silver donut said the company's fourth quarter update showed that COVID-19 has accelerated APT's business in the short term, which ultimately benefits it for the long-term.

Afterpay booked $3.8 billion in underlying sales in the fourth quarter of fiscal 2020, a 127 per cent increase on the previous corresponding period and a 52 per cent uptick on the previous quarter. This reflects continued scaling of the business in all three markets, as well as a boost from the shift to a greater penetration of online sales during and as a result of COVID lockdowns. Afterpay's execution is strong across all three key markets, Macquarie said. The acceleration in growth during the current half bodes well for momentum in the years ahead, and for entry into new markets.

Macquarie has a price target of $70.

Morgan Stanley
Analysts at Morgan Stanley said Afterpays June quarter was rather impressive and its sales numbers were well ahead of the broker's and consensus forecasts. While we expect upgrades to consensus estimates, some of the good news is already in the share price with the stock re-rating to 25xFY21E revenues from 12x in February.

Morgan Stanley price target was $36.

Bell Potter
Bell Potter said Afterpay increasing its capital firepower was to turbocharge its pursuit of the market opportunity before it and to de-risk the business". "This raising makes sense, Bell Potter analysts said in a note to clients. In the last year APT has more than doubled its GMV to $11.1 billion and customer numbers to 9.9m, where the runway for further growth appears bright.

The broker said it saw further growth in the business being driven by higher customer numbers, increased frequency and further global expansion. It said it saw Europe as the next obvious expansion point or somewhere closer to home in South East Asia.

Bell Potter has a $81.25 price target.

Morgans
Analysts at Morgans said it was hard to find any real faults in APT's 4Q20 numbers. Sales had grown, alongside group customers and merchant numbers, while group revenue margin, net transaction margin and net loss ratio were all broadly stable on recent periods. It said the company capital raising was opportunistic after a strong share price run. Afterpay shares are trading up more than 115 per cent year-to-date.

While a concurrent founder sell-down ($250m) comes with the usual negative connotations (and only a ~5 month commitment to not sell further stock), the parcel sold is only 10% of their respective holdings with both founders maintaining sizeable stock positions (18.4m shares each). APT's momentum continues to be highly impressive, but trading on 37x FY20 revenue we see its valuation as fair and maintain our HOLD call.

Morgans has a $68.58 target price.
  Forum: By Share Code

nipper
Posted on: Jul 8 2020, 11:20 AM


Group: Member
Posts: 7,120

Interesting times!! excl.gif
There seems to be several resets happening now. Especially for families, Covid has shown up the attraction of having your own property, and a back yard. The existence of a bit of extra space or, better, a spare room to enable working from home has come into its own. Some are liking the digital commute and thinking of regional cities. Apartments do not offer that, as we would expect.

Against this is the needs of the cities, that urbanisation cannot continue sprawling out. There is still a need for some form of what is termed densification with infilling and / or more apartments. Perhaps this will continue, with smaller structures being built. Can you imagine being in a structure without windows that open for a prolonged period of time (the 14 day quarantined emerge stir crazy). And another need has been for amenity, parks and playgrounds, space to move. Good planning (not an Australian forte) !!


Among the younger generation, my son reports his friends and peer group are taking advantage now the AirBnB offerings are empty, to move out of the grungy inner city terraces. Rents are down and the market dynamics have tilted towards those renters that are cashed up (a minority but sizeable); the move is to the beach side (Sydney) and bayside (Melb) locations that offer more. Because they can now afford these locations. Enough of rising damp and large nutter populations.
  Forum: Investment Discussion

nipper
Posted on: Jul 8 2020, 10:35 AM


Group: Member
Posts: 7,120

This is what the new realities look like
QUOTE
Working together

Two weeks ago the Coles chilled distribution centre in the outer Melbourne suburb of Laverton was hit with a potential crisis when one of its 600 staff tested positive for COVID-19. The centre, which distributes chilled and fresh food through Victoria and as far north as Deniliquin in NSW, was hit with massive staff shortfalls as staff called in sick and the normal workforce of 600 fell down to around 50.

The centre is now back to normal and on Monday night Coles was able to end all restrictions on product sales as business headed back to normal. At its worst the centre was five days behind and its stores faced massive shortages, with fears supplies would be as low as 10 per cent on the shelves by last Friday.

But the recovery effort highlights how business and government worked together to keep operations moving.

In this case, daily meetings including National COVID Coordination Commission (NCCC) member Paul Little, the head of Victoria's Jobs Department Simon Phemister and Coles supply chain operations boss Tony O'Toole were held to ensure supplies kept up.

One of Little's tasks was to talk with the folk at Linfox and Toll, who are existing logistics suppliers, to ensure staff could be ­diverted to Laverton to help the process.

Unions and health officials were on the job, and the process was a team effort which included where possible bypassing the distribution centre altogether, with suppliers like Lion and milk processor Saputo supplying the stores directly.

The DCs are lot more complicated than the old days, with sophisticated bar code readers and high lift reach trucks (three-storey forklifts) needed to work their way around.

The NCCC's task started with troubleshooting jobs like this one, with the business representatives able to leverage their knowledge and contacts to ensure work is done.
The Australian
  Forum: By Share Code

nipper
Posted on: Jul 8 2020, 10:29 AM


Group: Member
Posts: 7,120

apart from the fact it has been bid up to $17.50
QUOTE
with current situation .... TLS might have been a relatively safe bet.
We could expect COL to come out with solid numbers, come August. And even be treated to a dividend surprise.


Second wave of Covid is seeing more shelf emptying
  Forum: By Share Code

nipper
Posted on: Jul 8 2020, 09:42 AM


Group: Member
Posts: 7,120

The most accurate comment in the RBA statement was nothing new, but it is even more relevant given the recent events in Victoria (an hour after the Monthly release, Melbourne was in a second round of lockdown)

"The substantial, co-ordinated and unprecedented easing of fiscal and monetary policy in Australia is helping the economy through this difficult period," the statement said.

"It is likely that fiscal and monetary support will be required for some time."
  Forum: Macro Factors

nipper
Posted on: Jul 7 2020, 10:33 AM


Group: Member
Posts: 7,120

script being followed. 'reputable journo' writes copy and create the buzz. WA can sure turn them out
(don't hold; all part of me edificashun)
  Forum: By Share Code

nipper
Posted on: Jul 6 2020, 08:39 PM


Group: Member
Posts: 7,120

QUOTE
A social media influencer who returned to Sydney from Paris on Thursday has become the first person in mandatory quarantine in NSW to be fined for breaching a public health order after she allegedly attacked a security guard and escaped from her hotel room to buy cigarettes.

Sarah Josephine Liberty, who hosts a weekly podcast called Feminist Friday, sparked a manhunt on Saturday after she fled the Marriott Hotel on Pitt Street at about 10pm and disappeared into Sydney’s CBD.

Ms Liberty, who recently changed her last name from Thompson, was arrested about 45 minutes later at Circular Quay and fined $1000 by police.
delusional nobody. Hopefully she won't breed
  Forum: Off Topic Chat

nipper
Posted on: Jul 6 2020, 08:08 PM


Group: Member
Posts: 7,120

First of all, companies that mangle the language are too, too twee. Bandera roja
so who is this crowd?
QUOTE
ImExHS Limited (IME) is an imaging IT provider in Latin America. ImExHS offers flexible and scalable imaging solutions. The group is dedicated to the improvement of health sector process with a focus on innovation technology and medical experience.

The company provides imaging technology and management systems to the customer on an annual Platform as a Service (PaaS) basis. The group is running more than 35000 devices, 600 plus Radiologists, 216 Clinics, 200 plus LATAM, 71 Hospitals and 180 Clinics.

what is doing it on the ASX? Columbian based, and there is an angle with Australian play, picking up some radiology here. Though that could be tokenism, with observations the choice was $ based, cheapest play (see link)
QUOTE
IME primarily serves the Latin American market. It makes much ado about its sole Australian client, but when I looked up the business it seemed that the contracting party is owned by two radiologists and at best serves less than a dozen aged care facilities as a mobile ultrasound provider. So the business seems to be the tiniest of the tiny; and it's not clear why it would even have need of a comprehensive PACS/RIS. It seems likely, then, that the client was won because they simply wanted the cheapest bit of software attainable for their extremely low volume operation.

Also, IME position themselves as PME equivalents; though this is disputable.
QUOTE
.... it looks to me like ImExHS is actually reselling Osirix as part of its package. Osirix is an old DICOM image viewer which is a very widely used piece of medical software, which gets the job done but little more.

In comparison, with its Visage viewer and Visage RIS, Pro Medicus serves the largest private radiology networks in Australia and as such processes more scans than any other private company in Australia. Its main value add is that it can process high scan volume extremely quickly and allows radiologists to view studies faster than competing products

Best to have a read; (that is a NO from me)
https://arichlife.com.au/imexhs-ltd-asx-ime...y-breathe-away/
  Forum: By Share Code

nipper
Posted on: Jul 6 2020, 05:34 PM


Group: Member
Posts: 7,120

Now Allegra Orthopaedics
QUOTE
the successful acquisition of all the registered patents and application for patents held by the by the University of Sydney in relation to a unique bio ceramic material known as Sr-HT-Gahnite. This material can be utilised in a variety of applications including its use as a synthetic bone substitute.

As consideration for this acquisition, Allegra has today issued to the University of Sydney 4,806,000 ordinary shares in Allegra. Allegra began collaborating with the University of Sydney in 2014 when the Company exclusively licensed the Sr-HT-Gahnite from the University of Sydney.

The outstanding capacity of the Sr-HT-Gahnite material is to simulate the performance of natural bone by achieving the mechanical strength required for load-bearing application and the bioactivity for bone regeneration, as well as resorbability for reducing long-term complications, and the ability to be 3D printed. This has enabled Allegra to work towards developing and commercializing implants that offer a revolutionary approach to surgeries.


up 500% today on this; 10c to 50c

  Forum: By Share Code

nipper
Posted on: Jul 6 2020, 03:53 PM


Group: Member
Posts: 7,120

someone not believing the BNPL hype
QUOTE
A few days ago, I think it was 01 July, an equity analyst at the investment house, Citi, upgraded their price target on Afterpay (APT) to $64.25 from $27.10.

Don't you just love the $64 AND 25 cents from $27 AND 10 cents...what did John McEnroe used to say, you cannot be serious.

Next time just leave out the cents, you know it does not make any sense.

Now that is what you call an upgrade.

In fact all the analyst did is upgrade the price target to where APT was trading at the time...I am being serious.

This brought back lots of uncomfortable, and definitely not romantic, memories from late 1999.

You do remember when Wall Street equity analysts were falling over themselves to upgrade their price targets almost every week to keep pace with the frantic rise in technology stocks?

Putnam and many other huge money managers just kept buying and buying and buying as the money poured in and the equity analysts just kept upgrading and upgrading and upgrading their price targets.

BT, the Australian fund manager, launched their TIME (technology) fund in March 2000.

You remember that beauty???

Then just like a flock of birds in the sky that swiftly and suddenly change direction, it all collapsed.

then goes on to say
QUOTE
I am sure APT is a mighty fine company that will make money one day.

According to the earnings estimates it should arrive at that happy day in 2022.

And if the earnings estimates [on graph] are accurate, then it is trading on a FY 2022 P/E of only 283 times.
Jonathan Pain
  Forum: By Share Code

nipper
Posted on: Jul 6 2020, 01:48 PM


Group: Member
Posts: 7,120

Business as normal.

Nothing in America makes any sense.
  Forum: Off Topic Chat

nipper
Posted on: Jul 6 2020, 01:14 PM


Group: Member
Posts: 7,120

With the merger approved, the most immediate change will be the amount of mobile spectrum the new TPG has access to. Vodafone had hit the limit of its existing spectrum holdings and, as Berroeta told The Australian Financial Review in February, that prevented it from growing market share, and resulted in a major loss of customers last financial year.

The merger gives TPG around 60 per cent more spectrum than Vodafone had on its own, across the 4G and 5G spectrums, opening up huge capacity and giving the company real options. The old TPG's entirely unused spectrum holdings are particularly rich in the lucrative Melbourne and Sydney markets, where it also has a network of small cell towers. The question is, what will it do with this new capacity?

One option would be to try and regain market share in mobile through aggressive pricing.

This would be a nightmare for Telstra and Optus. Both spent the past three years battling to keep their share of an incredibly competitive market, forcing them to charge less for much more. And while they have been broadly successful in keeping their dominant positions where Vodafone has failed, it hit their revenues hard.

In the first half of the 2020 financial year, Telstra's revenue from postpaid mobile contracts fell 3.6 per cent, while prepaid fell by 13.4 per cent. That was despite an increase in the mobile customer base of 159,000.

The reason for the discrepancy is the all-important average revenue per user (ARPU) figure, which for its postpaid plans fell from $55.62 per month to $51.52 per month over the year. Telstra, in other words, made a lot less out of its mobile customers than it used to.

It was the same story for Optus, which reported its full-year results in May. Its mobile revenue fell 6 per cent in the financial year, and its ARPU for postpaid fell by 11 per cent from $42 per month to $37.

There was a ray of hope though. In the last quarter, ARPU fell by a smaller amount than the previous quarters. This seemed to fit with the claims by many telco executives that the downward pressure on prices was beginning to level off, and "market repair" is underway.

Telstra and Optus cannot really afford to keep on driving prices down in their mobile businesses. Fixed-line is a bit of a disaster for both of them, as reselling NBN is barely, if at all, profitable.

So unless something very significant changes in that (such as a write-down of the NBN), mobile is where the margins are. Both the main telcos are investing in their nascent 5G networks, but that takes capital, which requires strong cashflow.

That means if the new TPG decides to make a grab for market share by mass selling cheap mobile plans, it will mean more pain for Telstra shareholders. On the other hand, it would be good news for consumers – at least in the short-term – and would prove competition tsar Rod Sims' fears unfounded.
  Forum: By Share Code

nipper
Posted on: Jul 6 2020, 11:24 AM


Group: Member
Posts: 7,120

Time Magazine wrote in May 2000:
"The brightest lights of the investment kingdom, Warren Buffett, George Soros and Stanley Druckenmiller have all been humbled in recent weeks."

And today, the guru of the Robinhood community, David Portnoy, has been ridiculing Warren Buffett and others. A verbatim quote of what Portnoy has said about Buffett.


"Warren Buffett is washed up. I'm the new breed. There's nobody who can argue that Warren Buffett is better at the stock market than I am right now.

I'm better than he is. That's a fact."


This new community of Portnoys aren't just buying stocks, they're buying call options...lots and lots of them.
  Forum: Off Topic Chat

nipper
Posted on: Jul 6 2020, 10:26 AM


Group: Member
Posts: 7,120

looking for that long term Au Cu lode in NSW. Quite a few players big and small trying to emulate ALK ?
  Forum: By Share Code

nipper
Posted on: Jul 5 2020, 11:50 AM


Group: Member
Posts: 7,120

still around. not a post in 10 years. Multiple bagger.
  Forum: By Share Code

nipper
Posted on: Jul 4 2020, 05:10 PM


Group: Member
Posts: 7,120

With so much medical, economic, and political uncertainty, what’s the best asset class for investor allocations today? The best asset class is also the oldest asset class — gold.

For the past three months, gold has been trading in a narrow range between US$1,685 per ounce and US$1,750 per ounce (that’s a 1.9% range above or below the central tendency of US$1,720 per ounce).

In recent days, that range has narrowed further to a US$1,720–1,745 per ounce range, a mere 0.7% above or below the US$1,732.50 centre of the range.

When trading in a volatile asset narrows to that extent, it’s a sign that the asset is ready for a material technical breakout. The question is will gold breakout to the upside or downside?

Here are the fab four signs that gold will break out to the upside:

The first sign is that it’s already happening. In early morning trading on 22 June, gold broke out to US$1,770 per ounce. That’s a decisive break above the prior US$1,750 per ounce high end of the recent trading range. Of course, we’re not day traders and another pullback is always possible. Still, this kind of decisive move is confirmation that the upside breakout thesis is correct.

The second sign is continued strong buying of gold by central banks. The central banks as a whole went from net sellers to net buyers of gold in 2010. The recent buying has been growing larger, now around 500 tonnes per year. That’s a huge amount considering that the total official supply of gold is only 34,000 tonnes. When central banks are buying, you should ask yourself what they’re seeing that everyday investors may be missing.

The third factor is that global mining output is flat at around 3,500 tonnes per year. Output is not going down, but gold is getting harder to find despite low costs of capital, higher gold prices, and improved technology. When supply is flat and demand is up, then prices have nowhere to go but up.

The fourth factor is the emergence of a two-tier market. Gold futures prices and London market prices are around US$1,740 per ounce recently. But, if you call a real dealer to buy real gold, the price they quote is ‘spot plus commission’. That’s fine, but the commissions have been expanding from 2% to 4%, to 10%, and even higher in some cases.

This means that US$1,740 per ounce gold is really US$1,915 per ounce with a 10% commission. That higher commission is not the result of dealer greed. It’s the result of scarcity and the dealer’s efforts to balance supply and demand.

What it really means is that real price of gold is closer to US$1,850 per ounce once the excess commission is added to the spot price. When it comes to gold prices, forget New York and London. Real prices are already higher than you know.

Gold is an inflation hedge for obvious reasons. It is also a deflation hedge because deflation will cause central banks to create inflation by raising the price of gold. Gold is also liquid in all states of the world. Physical gold cannot be electronically hacked, frozen, or seized. A 10% allocation of investible assets to gold is the best cure for COVID-19.

Jim Rickards
  Forum: Macro Factors

nipper
Posted on: Jul 4 2020, 01:21 PM


Group: Member
Posts: 7,120

investing is the weight of money, as much as anything. A Chanticleer article in AFR today addresses this
https://www.afr.com/chanticleer/esg-funds-a...20200703-p558sy
QUOTE
...Some wealth managers put ESG-related funds into a bucket called sustainable investment which includes strategies such as negative screening and impact-investing.... "This growth has been due to a number of factors, including an increasing awareness and concern for global sustainability challenges, in particular climate change and a changing investor landscape with a new, younger generation of clients," Morgan Stanley said in a wealth report last month...

....Meaghan Victor, a managing director of State Street Global Advisors and head of its Asia-Pacific distribution of exchange traded funds (ETFs), says internal research done by her firm of 5000 investors found female and young investors had a preference for ESG products.

She says 68 per cent of women and 82 per cent of Millennials said that a company's social, political or environmental impact was important to their decision on whether or not to invest in it. The research shows Millennial investors have a higher allocation to ESG investments (38 per cent) than other generations (Gen X at 14 per cent and Baby Boomers at 7 per cent).


then we have Perpetual; the chief executive Rob Adams, who is facing stagnant fund flows in his traditional Australian equities business, wants to ride the ESG wave, which is the fastest-growing asset sector in Australia, according to research completed in December by Rainmaker. As first major move since becoming CEO, the acquisition of Boston-based ESG specialist Trillium Asset Management in January for $54 million (plus performance payments) will help push Adams into the white-hot world of responsible investing. Assets committed to these strategies rose 53 per cent in Australia in the 2019 financial year. So it is more about his bonus (and virtue signalling) than anything.

The final nail in the coffin of this argument is this:
QUOTE
....ESG is certain to win more support in the years ahead simply because of performance. A study published on Friday by Deutsche Bank found that ESG funds either outperformed or showed equal performance as their respective benchmarks during the sharemarket crash in March.

This gives additional weight to the argument that investors are judging ESG stocks and funds based on their financial merits, rather than an altruistic merit that accepts underperformance, the report said.
and I bet you that may not be the case. First, it is probably Pre Fees and second, over what timeframe? A month or so. Meaningless.
  Forum: Off Topic Chat

nipper
Posted on: Jul 4 2020, 12:27 PM


Group: Member
Posts: 7,120

Global production ramps up ... Fitch

https://www.mining.com/global-zinc-producti...r-gains-report/
  Forum: Macro Factors

nipper
Posted on: Jul 4 2020, 10:48 AM


Group: Member
Posts: 7,120

there is a bit of media boosting in those numbers. Drilling down, quite a few of the so called refusals were people declining because they had been tested elsewhere, in the previous few days.

Never let the facts get in the way of a good headline

Ditto in Rozelle and Balmain yesterday. Queues of cars with perfectly healthy people wanting to be tested. Why? For what point? Maintain distance, do not cough on others, go home if sick (and then get tested)
  Forum: Off Topic Chat

nipper
Posted on: Jul 3 2020, 08:28 PM


Group: Member
Posts: 7,120

Brainchild SP rose by 25% on Thursday. This was essentially due to the company achieving a milestone in the development of its Akida Neuromorphic System-on-Chip. Now, if you’re a non-tech type, this probably means very little to you. Suffice to say that the company is an artificial intelligence (AI) startup which, in the words of its CEO, Louis DiNardo, just reached an “…exciting and pivotal moment in BrainChip’s evolution to commercialize a very powerful technology that addresses the burgeoning AI Edge market…”

If, on the other hand, you are technically inclined, feel free to read on for more details on this development.

What does the company do?
BrainChip is a United States based company listed on the ASX that is focused on neuromorphic technologies. Neuromorphic systems are large-scale systems of integrated circuits. Therefore, as the name implies, they mimic the human nervous system. In addition, Neuromorphic Computing is considered the 5th generation of artificial intelligence by the Artificial Intelligence Board of America. Having listed on the ASX in 2011, BrainChip has three main products:

First, The Akida Development Environment (ADE). ADE is a complete, industry-standard, machine learning framework for creating and training neural networks to run on the company’s Akida Neural Processor. Still with me?

Second, the Akida Neural Processor is an ultra-low power network processor. This is actually the brain that powers the continuous learning that AI is based on. Furthermore, the increased responsiveness and greater power efficiency of the system can help reduce the carbon footprint of data centers by reducing the need for cooling.

Third was the subject of today’s announcement. The Akida Neural Processor System-on-Chip (NSoC), a revolutionary new breed of neural processing computing device. Each of these effectively has 1.2 million neurons and 10 billion synapses which results in significantly greater efficiency than other neural processing devices on the market.

What caused the BrainChip share price to climb?
BrainChip and the company’s partners have completed the fabrication of the NSoC integrated circuit (IC) wafer. Next, the company will be completing the assembly and test operations. After that, the prototype chip will enter the initial evaluation program, and then be shipped to customers that have signed agreements for the early access program.

BrainChip has previously announced the signing of an agreement with Valeo Corporation, a Tier-1 European automotive supplier of sensors and systems for Advanced Driver Assistance Systems (ADAS) and Autonomous Vehicles (AV). This agreement ensures BrainChip will receive milestone payments during the development stage of the NSoC IC.

The BrainChip share price rallied 25% on Thursday to close at 11 cents, bringing its market capitalisation to just over $162 million. In addition, the company’s share price is up by 120% over the calendar year to date. Whether this momentum continues will likely depend on the progress of BrainChip’s assembly and testing phases of the product’s development. Watch this space…

,
Motley fool
  Forum: By Share Code

nipper
Posted on: Jul 3 2020, 05:55 PM


Group: Member
Posts: 7,120

Data from the Australian Government Department of Health shows that in 2020, Australia began with relatively high flu rates. We had 6,974 laboratory-confirmed flu cases in January and 7,167 in February. However, cases have since taken a nosedive, with 5,891 recorded in March and only 307 in April (compared with 18,691 cases in April 2019).
QUOTE
“We were getting a surge [of flu cases] in January/February, then we instituted… social distancing and reminders about good handwashing. To a lesser extent, the decrease in international travel has been important, too,” says Professor Robert Booy, Senior Professorial Fellow at the National Centre for Immunisation Research and Surveillance. “So come March/April, the flu incidence just plummeted… and that’s because people aren’t close to each other, they’re not coughing on each other, they’re not hugging each other.”


....but who's ever had lab confirmation of flu?
  Forum: Off Topic Chat

nipper
Posted on: Jul 3 2020, 03:04 PM


Group: Member
Posts: 7,120

another mob having a go, trying to pin the tail on that ethical and probably vegan donkey
His screen: they seem to do more good than harm (!)
QUOTE
Since ethics are subjective, I'm sure that many readers will disagree that all these stocks are ethical shares, and that's fair enough. However, I offer this list not as a definite pronouncement of ethical stocks on the Australian sharemarket, but simply to share the names, and tickers, of some of the businesses that I consider to be ethical....

... it's well worth noting that this list has not considered whether the current share price of these ethical is attractive, and in no way constitutes a recommendation or list of ethical stock tips. The judgement that I have exercised in putting this list together is completely subjective. I encourage others to think about their own ethics, and invest accordingly.
https://arichlife.com.au/ethical-equities-asx-stocks/

and the winners are...

1300 Smiles Limited (ASX:ONT)
Alcidion (ASX:ALC)
Audinate (ASX:AD8)
Australian Ethical Investments Limited (ASX:AEF)
Class (ASX:CL1)
Clover Corporation Limited(ASX:CLV)
Cochlear (ASX:COH)
CSL (ASX:CSL)
Dicker Data (ASX:DDR)
Fiducian Portfolio Services (ASX: FID)
Fineos (ASX:FCL)
Hansen Technologies Limited (ASX:HSN)
Infigen Energy Stapled (ASX:IFN)
Integrated Research Limited (ASX:IRI)
Iress Limited (ASX:IRE)
Kip McGrath Education (ASX:KME)
Macquarie Telecom Group Limited (ASX:MAQ)
Medical Developments International Limited (ASX:MVP)
MNF Group Ltd (ASX:MNF)
NextDC Limited (ASX:NXT)
NIB Holdings (ASX:NHF)
Pro Medicus (ASX:PME)
ResMed (ASX:RMD)
Seek Limited (ASX:SEK)
Webjet (ASX:WEB)
Whispir (ASX:WSP)
Xero (ASX:XRO)
  Forum: Off Topic Chat

nipper
Posted on: Jul 3 2020, 02:11 PM


Group: Member
Posts: 7,120

KTA definitely going off with a bang. ....3c to 6c in just a few days, but coming off a bit today.

I even had it in a tipping competition, elsewhere, a few month ago. But did I buy any? NO !! sad.gif
But sometimes the buy and sell response can come from too much manipulative info leaking to media. Not saying its a pump n dump, but with speccies taking care is a good approach.
  Forum: By Share Code

nipper
Posted on: Jul 3 2020, 01:41 PM


Group: Member
Posts: 7,120

Do we rely solely on tech for cyber problems?
QUOTE
Imagine this scenario: 90 per cent of traffic accidents are caused by speeding, so to address the issue all cars must be roadworthy and have airbags installed. Seems straight forward these are important measures.
But if we're saying that the major issue here is the behaviour of people, how do these initiatives address that?

And yet that is exactly what is happening with cyber security. There's a massive push to implement technical solutions for problems that are largely related to the behaviour of people.

2019 report by the UK Information Commissioner's Office found that 90 per cent of data breaches are via people.

Take a bit of unaware, unsuspicious, gullible, helpful and trusting, and lo and behold you have your standard person, ready to be tricked into letting an IT criminal onto your network. Now add to that the fact that we're working from home a lot more on systems that are largely out of the control of IT departments and we've got the perfect storm, ready to be taken advantage of by strategic cyber-criminal groups.

Despite this, SME's who make up most of the businesses in Australia and employ the most people, generally spend very little on cyber security, with half of SMEs spending less than $500 on cyber security in the last year.

Cybercrime is a popular and rapidly growing industry too. It's well resourced, easy to get into, and you can work from home. There's good money to be made, too. Not long ago it used to be a question of "if" you'd be breached. Now the unfortunate reality is about "how bad" and "how often".

So how did we find ourselves in this mess? If you talk to people about cyber security, the general perception is that it's a technical issue.

Most people think that technology like Firewalls and Antivirus will keep you safe at home; the government provides us with the "Essential 8", a framework specifying basic technical controls to secure your network; government grants were provided to help companies part-fund enhancements to technical security infrastructure; and IT criminals are largely portrayed as hooded "hackers" artistically injecting code to crack into a network using their malicious technology.

So yes, on the face of it this clearly looks like a technical problem, and spending $500 on technical solutions isn't going to get anyone very far. Even if a company did allocate some reasonable funds, they're still spending money on getting the road worthy and airbags, and not watching the speed signs!

The core of the issue is that 90 per cent figure. It is compelling. Yes, there are three aspects to IT security: People, processes and technology. But If we don't address all three areas then we have a weak point.

This is Risk Management 101. Identify the risks, determine their likelihood of occurring and impact, give them a rating, prioritise them, and then address them in order.

So how do we address this focus issue? How are we supposed to win the battle against cyber criminals when we have one hand tied behind our back? A great start would be if messaging from government started to support a more balanced perspective.

That could start with taking the technically focused "Essential 8", and bolstering it with a people-centric section to become the "Essential 9".

This new content could focus on the ABC's of cyber security: Awareness, Behaviour & Culture. That is, make people aware of how they are being targeted, motivate them to change their behaviour, and embed cyber security awareness into the culture of the organisation.

It's really not hard to train your staff and then keep them on their toes by drip feeding short snippets of engaging and relevant cyber security content!

This can then flow into industry compliance frameworks, government resources for business that highlight relative cyber security risks, and it can be a reoccurring topic when communicating with businesses and the public about cyber security risks.

A great example is the June increase in malicious activity against political and private sector organisations by a sophisticated state-based actor. In a breach it was reported an attacker gained access to systems by targeting people after failing to gain access through technical means. This provided the perfect opportunity to talk about cyber security awareness initiatives as opposed to the usual technical solutions narrative.

As companies start to embrace a culture of cyber security awareness they will naturally gravitate towards more technical controls, hopefully driven by a realisation of the cost benefits that come from breach reductions.

Remember the saying "culture eats strategy for breakfast"? Well cyber security culture will feast on IT criminal strategy if it's done well, and the Government has a great opportunity to drive this change now.

Mike Ouwerkerk

https://www.innovationaus.com/do-we-rely-solely-on-tech-for-cyber-problems/
  Forum: Investment Discussion

nipper
Posted on: Jul 3 2020, 10:42 AM


Group: Member
Posts: 7,120

Emerging Health Technology companies ..... it is all about going digital

There will be challenges for all innovation companies to raise capital in the coming year from their traditional sources such as super funds, venture capital, private equity and high-net-worth individuals, because all had faced financial challenges due to COVID-19. Over the next two to three years, accessing capital is likely to be difficult, and companies attracting foreign investment would need to navigate the changed foreign investment review thresholds while they remained in place.
Capital restraints are likely to exacerbate cash-flow issues for pre-revenue companies developing medical-grade products and services. Many companies would also need highly specialised support to enter international markets, especially while barriers to international travel remained closed.

Some seventy per cent of respondents in a report, Digital Health: The Sleeping Giant of Australia's Health Technology Industry, say they intended to raise capital in the year ahead. The May 2020 survey showed that telehealth-related digital health technologies would be the biggest beneficiaries of the pandemic (85.3 per cent), followed by remote monitoring (67.6 per cent). The industry is also hopeful data analytics will benefit along with mental health-related technologies. A significant number of Australian companies are aligned to these segments, with 37 per cent developing technologies aimed for home use, a quarter developing data analytics and systems and 17 per cent focused on mental health.
According to the report released by ANDHealth, there are more than 300 emerging digital health companies across Australia
  Forum: Investment Discussion

nipper
Posted on: Jul 3 2020, 09:36 AM


Group: Member
Posts: 7,120

Most people would have a fair idea what you are holding.
  Forum: By Share Code

nipper
Posted on: Jul 2 2020, 07:48 PM


Group: Member
Posts: 7,120

Absolutely amazing, the change in the suburb. High street almost empty, shops quiet, people stepping away if you meet on the footpath. My neighbour turned up at noon; as soon as the news spread; he was sent home from his office.

Amazing what Item #1 on the news will do, to focus minds. Everyone becomes an expert.

This Covid is a waiting game. Be sensible and don't be silly.
  Forum: Off Topic Chat

nipper
Posted on: Jul 2 2020, 04:41 PM


Group: Member
Posts: 7,120

brought in by a worker returning from OS (Bangladesh). Was quarantined in Melbourne, tested +ve, then thought to be past spreading it. Flew to SYD and went to work at Balmain Woolies.

This is where I'm staying. I was in that store on Monday. grrr.gif
  Forum: Off Topic Chat

nipper
Posted on: Jul 2 2020, 02:15 PM


Group: Member
Posts: 7,120

VOR this code now for Vortiv Ltd (the old TSN)
New tilt to cyber security probably getting a kick along. VOR's 3 core businesses, Cloudten, DWX, stake in TSI India which they're looking to divest and concentrate on cloud and cyber stuff.
  Forum: By Share Code

nipper
Posted on: Jul 2 2020, 12:25 PM


Group: Member
Posts: 7,120

this company is so thinly traded. Last one at 4.11, with a BUY now 4.15 but SELL, one one of three, at 4.30.

Not complaining, as long as the confidence finds expression in the next half year reports.
  Forum: By Share Code

nipper
Posted on: Jul 2 2020, 11:11 AM


Group: Member
Posts: 7,120

more from Don S
QUOTE
We're at the stage of the investment cycle where, in times past, many investment advisers would be quoting with enthusiasm a comment John Templeton had made many years ago:

The investor who says this time is different … has uttered among the four most costly words in the annals of investing.

Templeton was alerting investors to the dangers of the recurring view in markets that, because the big influences on investments are seen to have changed fundamentally, the future for investors will be very different from the past.

Some things are different, some are familiar

For young investors, I should point out John Templeton was an outstanding investor and fund manager—and a generous philanthropist—who did much in the 1950s to set up and popularise managed funds. In 1999, Money magazine called him arguably the greatest stock picker of the twentieth century.

And like Warren Buffett, John Templeton had studied at Yale under Benjamin Graham, the great teacher of value investing. His 16 rules for investment success, first outlined in 1933, also included his famous aphorism:

Bull markets are born of pessimism, grow on scepticism, mature on optimism and die on euphoria.

These days, many investors believe that COVID-19 has profoundly and permanently changed how investment markets work. In my view, this prevailing sentiment is over-stated: some things will be different while others will stay familiar.

COVID-19 is the worst pandemic in a century and the first to occur in our now highly globalised world. The initial panic was heightened when some major health institutes projected multiple millions of deaths, and the future course of the pandemic is highly uncertain.

By early March, COVID-19 was already bringing about the quickest and deepest economic downturn in history, and one which would worsen as lockdowns and social distancing requirements were introduced. Around the world, governments and central banks announced an unprecedented easing in fiscal and monetary policies.

In five weeks from 20 February, average share prices plunged more than a third from record highs. Between 23 March and mid-June, much of the heavy drop in share market indexes was recovered, mainly at times when rates of new infections from COVID-19 in the US and Europe were falling. Share markets have been volatile and unusually uneven by sectors and across individual stocks.

As well, the pandemic has worsened the already tense relations between the US and China, and contributed indirectly to social unrest and riots, notably in the US.

John Templeton frequently reminded investors that share markets have a long history of over-reacting, both in the tough times and when investors turn optimistic. And Howard Marks, deservedly now one of the most-quoted by Australian investors, recently reminded us:

the most optimistic psychology is always applied when things are thought to be going well, compounding and exaggerating the positives, and the most depressed psychology is applied when things are going poorly, compounding the negatives. This guarantees that extreme highs and lows will always be the eventual result in cycles not the exception.

Three reasons it's not just the Fed

As well, the long-familiar view 'Don't fight the Fed' has had another airing. Certainly, the switch to a more positive sentiment in stock markets in late March owed a lot to the Fed's aggressive programme of buying bonds. The further uptick in stock markets during June was attributed to the Fed's direct purchases of a wider range of corporate debt including low-rated borrowings.

But investors seem to be exaggerating the role of the Fed. This time around, relatively little attention has been paid to at least three other influences that affect share prices.

One is the massive fiscal boosts most countries have implemented, which will likely be extended on only a slightly reduced scale into 2021.

Two is that the early indications that the hit on global GDP from COVID-19 will be milder than expected earlier provided there's not a second wave of infections in Europe and the US. High-frequency data suggest both the US and Australian economies have passed the low points of their slowdowns. Retail sales in May rose by 18% in the US and by 16% here.

Three, it appears to this elderly scribe that there is another familiar reprise. It's that this time any recovery in overall economic conditions won't be V-shaped but instead will be more configured like an L or a W. Similar comments were made during economic slumps in 2009, 2003, the second half of the 1990s, 1983, the 1970s and even in Australia's recession of 1961 (which at the time was said to mark the end of our post-war prosperity).

What to watch

Market sentiment will likely continue swinging widely in coming months. Gloom will re-appear whenever, for example:
...the pandemic gathers momentum...well-liked companies report unexpectedly weak earnings
...a cluster of reports is released with disappointing economic figures.
But share prices could well resume their bumpy recovery as investors recognise the global economic slump is somewhat milder than was feared and expected, particularly if the fiscal boosts are tapered rather than suddenly removed. Of course, share markets could move up noticeably if a vaccine is discovered.

Investors should reflect on John Templeton's advice when the prevailing market view is 'this time it's different' and also bear in mind another of his investment principles:

Don't panic. The time to sell is before the crash, not after.


Don Stammer
  Forum: Investment Discussion

nipper
Posted on: Jul 2 2020, 10:06 AM


Group: Member
Posts: 7,120

In New York trading overnight, shares in the electric car company rose 3.7 per cent to $US1119.63, giving it a market capitalisation of $US207.7 billion ($298 billion). Market cap for Toyota is $US202.5 billion. For perspective, BHP's market cap is $US115.7 billion.

Even bullish analysts such as Wedbush's Dan Ives are struggling to keep up with Tesla's stock appreciation. He has a one-year target for Tesla of $US1000, with a bull case target of $US1500.

QUOTE
Our $US1000 price target represents 50x the long-term FY25 EPS [financial year 2025 earnings per share] earnings power of $US20, Mr Ives said in an overnight note. Key to Mr Ives' optimism is demand for Tesla vehicles in China, and rebounding deliveries in the US, in the past few weeks. However, the surge in COVID-19 cases could soon check sales yet again in the US.

The clear standout this quarter is the massive underlying demand coming out of China as we have seen demand surge in China for Model 3s in this key region with Giga 3 firing on all cylinders despite the softness seen earlier in April, Mr Ives said. Street deliveries are looking for 70,000 with 62,000 Model 3/Y deliveries in the quarter. We believe Tesla with a very strong end to the quarter likely could now be in the 85,000 to 90,000 range which could put the bottom-line in the area code of break even, a jaw dropping feat in a dark macro and COVID backdrop for Musk & Co.

While the Street reduced its annual delivery forecast to roughly 400,000 from its original 550,000 pre COVID, we now believe hitting 450,000 for the year could be in the cards.


On this day a year ago, Tesla's stock closed at $US227.17. The one-year return on the stock is 393 per cent. Tesla is scheduled to release initial second-quarter delivery and production numbers in the next few days.
  Forum: Investment Discussion

nipper
Posted on: Jul 2 2020, 09:58 AM


Group: Member
Posts: 7,120

Mr Market seems determined to be optimistic; the FA value crowd are tearing their hair out.... and come reporting season in a short time, will likely remove remaining tufts.

Easy money sloshing around.
  Forum: Macro Factors

nipper
Posted on: Jul 1 2020, 10:07 PM


Group: Member
Posts: 7,120

Lots of carp in lake Burley Griffin.
  Forum: Off Topic Chat

nipper
Posted on: Jul 1 2020, 08:41 PM


Group: Member
Posts: 7,120

from the homepage
https://www.sharecafe.com.au/2020/07/01/sha...n-lachlan-fold/
QUOTE
When you’re hunting an elephant, it pays to keep an eye on the rest of the country around you – you never know what you might miss.

Explorer Krakatoa Resources has kept its eyes open, and now has a second project just as promising – if not more so – than its “elephant,” the potential deep porphyry copper/gold system it appears to have at the Belgravia prospect, in the prolific Lachlan Fold belt in New South Wales.

About 50 kilometres east of the Belgravia Project is Krakatoa’s wholly owned Turon Project, which it was granted in February following a licence application, in a beautifully non-dilutive deal for shareholders. The Turon Project covers an area of 120 square kilometres in the Hill End Trough area of the Lachlan Fold Belt, a ground package liberally sprinkled with historical workings that centred on high-grade gold mineralisation.....

  Forum: By Share Code

nipper
Posted on: Jul 1 2020, 08:09 PM


Group: Member
Posts: 7,120

This is a ripper.... all that glisters may well be Copper. Especially when the PLA is involved.

https://smallcaps.com.au/china-counterfeit-...ake-bars-loans/

Fraud,... perhaps $4bill. ? Nasdaq pseudo legitimacy. Crony socialism with capitalist characteristic (and just a hint of standover heavying)
  Forum: Investment Discussion

nipper
Posted on: Jul 1 2020, 02:22 PM


Group: Member
Posts: 7,120

China’s economy seems to be getting healthier with the official June surveys of manufacturing and services (known as PMIs) both showing rises to new multi-month highs.

QUOTE
Both surveys come from the National Bureau of Statistics and the one most watched covers manufacturing where the purchasing managers index edged up to 50.9 in June from 50.6 in May.

China’s non-manufacturing PMI rose to a seven-month high of 54.4 in June from 53.6 in May, the statistics bureau said.

The reading for the manufacturing PMI was the highest in three months and the index has now remained above the 50 mark for four straight months. (a reading of 50 separates expansion – above – from contraction – below).

The production subindex rose to 53.9 in June from 53.2 in May. The overall-new-orders subindex rose to 51.4, from 50.9 in May, a sign of improving manufacturing market demand.

While new-export-orders subindex, a gauge of external demand for Chinese goods, climbed to 42.6 in June from 35.3 in May, it is still deep in contraction territory, underlining the chief problem about the performance of the Chinese economy – weak external demand from major export destinations such as Japan, the US, and the eurozone.

The subindex measuring imports rose to 47.0 from 45.3 in May. That is still in mild contraction and the trade data for June later this month should confirm that imports remain weak, but are improving – especially commodities such as oil, copper and iron ore.


  Forum: Investment Discussion

nipper
Posted on: Jul 1 2020, 11:40 AM


Group: Member
Posts: 7,120

Surging. From 6c to 13c in a fortnight. Took up SPP and have x2 from 5.5c 🤗
  Forum: By Share Code

nipper
Posted on: Jul 1 2020, 11:38 AM


Group: Member
Posts: 7,120

Had not been looking... But now the third force can compete, you would think TLS might be forced to.

I read the new Vodafone TPG will focus on mobile. That is where the growth will come from.
  Forum: By Share Code

nipper
Posted on: Jun 30 2020, 01:47 PM


Group: Member
Posts: 7,120

Govt will increase spending on cyber security; there are some questions as to how this will flow to companies
QUOTE
CEO of the Australian National University's Cyber Institute Professor Lesley Seebeck said her first reaction to the government's announcement was to be pleased about the substantial investment backing the policy. She said as the United States was withdrawing, Australia had to step up and take on more responsibility for its own security, and that of supporting regional security. However she said there needed to be much more actions taken in the government's broader cyber security strategy to make the investments effective.

"I am concerned that the focus of cyber remains within the defence and national security apparatus, though it is understandable in the context of this announcement, which is about defence. That may be the tip of the spear, but the power of the spear comes from the haft: we need more investment in the broader civilian apparatus and community," Professor Seebeck said. "There is a lot more to building programs than simple injections of money—it is not unlike software, where you need to make sure the configuration matches, and if the existing environment is able to support new ways of operating new technologies and new people."


QUOTE
Michelle Price the CEO of government-funded cyber industry growth organisation AustCyber said it was timely and warranted for the government to significantly boost the focus and spending on cyber security for the country, in order to better protect the economy and community against increasingly sophisticated cyber risks. However she said she was also concerned about how this increased presence of experts in ASD would work alongside companies' own cyber teams.

"It is critically important that government partners with local industry on the delivery of the initiatives. This level of detail in the announcements is yet to surface and many in industry, large and small, are anxious to hear more," Ms Price said. "The forthcoming Cyber Security Strategy needs to recognise the value of industry creation and globally competitive cyber capabilities as complementary mechanisms to government's efforts to push back harder on malicious cyber activity."


QUOTE
CEO of cyber security venture accelerator CyRise Scott Handsaker said that, while the funding was welcome on one level, it looked unlikely to be spent on much other than ASD's own capabilities. He said the government needed to think more broadly and that it was more important for ASD to develop a more mature engagement model with industry, and especially start-ups. He said start-ups in the cyber space were coming up with innovative ideas that were leaping ahead of the big enterprise companies that typically worked with government on cyber security.

"If ASD spend 10 years trying to solve their wicked problems internally or with the assistance of the big primes, we will fall behind ... We need to develop home grown cyber security solutions that protect our important assets and data, as sovereignty over the technology we use matters enormously," Mr Handsaker said. "We must continue to invest in local startups, local education and local technology ... and ASD must find new ways to bring this talent into its community, rather than shutting it out through prolonged process or procurement barriers."

- lots of hammers there, identifying their own nails
  Forum: By Share Code

nipper
Posted on: Jun 30 2020, 01:22 PM


Group: Member
Posts: 7,120

Vitalharvest Freehold Trust Vitalharvest (VTH) is an agricultural real estate investment trust (REIT). It owns citrus and berry farms which are leased to Costa Group Ltd. The current setup is that Vitalharvest earns two types of rent. It earns a fixed amount of rent from its farms, there is also a fixed return for any improvements made to the farms. However, Vitalharvest also has a profit-share agreement with Costa at the Vitalharvest farms. There has been some difficulties at the farms recently, which has hurt the variable earnings and sentiment.

But things could soon improve for Vitalharvest after it was announced that Primewest Group Ltd (ASX: PWG) had acquired the management rights of Vitalharvest. Primewest is a property manager that manages $4.1 billion of assets across a number of sectors. Primewest has also acquired an 11.8% interest of Vitalharvest. Vitalharvest will be renamed Primewest Agri-Chain Fund. It will invest in agriculture property and other assets that are critical to the agricultural supply chain like processing and manufacturing facilities for food, food and beverage packaging facilities and storage facilities related to food. It will be looking for long-term tenants and it will target high quality locations throughout Australia and New Zealand.
  Forum: By Share Code

nipper
Posted on: Jun 30 2020, 11:27 AM


Group: Member
Posts: 7,120

light. tunnel?
QUOTE
Regrettably, there has been a delay against the indicative timetable for the completion of long-form legal documentation referenced on 28 February 2020. This is partly due to impacts of COVID-19 on the parties ' ability to progress the work.

However, it is also partly due to differences of understanding between BAF and BSAAF that emerged in relation to one aspect of the non-binding term sheet signed in February 2020, being the details of the treatment of different categories of fee rebates on the transition of management services away from BSAAF.
b*stds.
  Forum: By Share Code

nipper
Posted on: Jun 29 2020, 05:10 PM


Group: Member
Posts: 7,120

yep, and there's another Aussie aspirant, code AML3D Limited (AL3) trying something similar, with a wire arc welding process. It listed on ASX in April this year.
Relativity Space, in the video, looks like it does something similar with plasma arc?
QUOTE
AML3D specialises in providing commercial large-scale metal 3D printing services and solutions to defence, maritime, aerospace and resources customers. Founded in November 2014, AML3D has commercialised its wire arc additive manufacturing technology (under the trademark WAM®), an innovative metal additive manufacturing technology for the cost-effective production of large, high performance metal components and structures.

In conjunction with its WAM® technology, AML3D has developed its own proprietary software, WAMSoft®, which combines metallurgical science and engineering design to fully automate the 3D printing process utilising advanced robotics technology. The WAMSoft® software enables a highly tailored approach to the needs of each client by enabling different pathways and welding operations for different products and materials. AML3D's Adelaide Contract Manufacturing Centre was the first wire arc additive manufacturing facility globally to achieve 'Lloyds Certification'.

- I can not help but think the Yanks will out tech the little guys, every time.
  Forum: Off Topic Chat

nipper
Posted on: Jun 29 2020, 05:04 PM


Group: Member
Posts: 7,120

JIN announced a new 10-year reseller agreement with Tabcorp Holdings Limited (ASX: TAH).

According to the release, Jumbo and Tabcorp have extended their reseller agreements for New South Wales, Victoria, South Australia, Northern Territory, ACT, and Tasmania (as well as international jurisdictions) until July 2030.

However, given the enlarged scale of Jumbo and the fundamental value of Tabcorp’s lottery licences to it, these agreements will come at a cost.

Jumbo has agreed to pay an upfront extension fee of $15 million for the 10-year term and a service fee of 4.65% of the ticket subscription price.

The latter will be introduced in phases, initially with a service fee of 1.5% in FY 2021. After which, its service fees will increase to 2.5% in FY 2022, 3.5% in FY 2023, and then 4.65% thereafter. Though, should the value of its ticket sales be in excess of $400 million for each applicable financial year, it will pay a pay a service fee of 4.65% on ticket sales beyond that amount.

Western Australia update.
Jumbo also revealed that it is in discussions with Lotterywest in relation to arrangements for its Western Australian customers. These represented approximately $33 million or 10.5% of ticket sales in FY 2019.

Though it warned that there is no guarantee that these discussions will result in any agreement being reached with Lotterywest. Furthermore, if an agreement with Lotterywest cannot be reached, Jumbo will seek alternative options for maximising the value of its Western Australia customer base.

FY 2020 guidance.
Jumbo has reaffirmed its guidance for FY 2020 despite a lower than expected number of large jackpots.

It expects to report ticket sales of $335 million to $341 million and revenue of $68.5 million to $69.9 million. In respect to earnings, it is forecasting earnings before interest, tax, depreciation, and amortisation (EBITDA) of $38.7 million to $40 million and net profit after tax in the range of $24.4 million to $25.3 million.

- and down 10%
  Forum: By Share Code

nipper
Posted on: Jun 29 2020, 04:06 PM


Group: Member
Posts: 7,120

California will require at least 50% of truck sales to be electric by 2035, with the goal of making all new trucks sold in California zero-emission by 2045.

https://qz.com/1873158/california-votes-to-...lectric-trucks/
  Forum: Investment Discussion

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


Group: Member
Posts: 7,120

3D printing .... like you never saw it before
LA based company Relativity Space https://www.relativityspace.com/ looking to 3D print rockets for space exploration, getting away from conventional mfg, + + thinking about the next step, of 3D printing water tanks and rockets on Mars.

https://www.sharecafe.com.au/2020/06/29/inn...k-2077-reviews/
  Forum: Off Topic Chat

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


Group: Member
Posts: 7,120

along the lines of:
QUOTE
Freedom's "one-off, non-cash writedown" of FY20 inventory of "approximately $25 million" announced on 29 May had, after "further analysis", become an "aggregate inventory writedown [of] approximately $60 million".

Freedom also placed its shares in suspension for a further 14 days
  Forum: By Share Code

nipper
Posted on: Jun 29 2020, 11:56 AM


Group: Member
Posts: 7,120

Is Brexit a winner for UK? not in the markets, at least, it would seem
QUOTE
for all of Prime Minister Boris Johnson's boosterish talk about the potential and prospects of post-Brexit Britain, UK equities trade at a stubborn discount to European and American stocks. As Oxford Economics pointed out last week, the British cyclically adjusted price-earnings ratio is at a decade low relative to other developed-country markets, and that discount is visible in almost every sector, from consumer to telecoms.

A Bank of America fund manager survey cited by Bloomberg last week showed a net 29 per cent of fund managers as underweight British stocks this quarter, an attitude that has prevailed ever since that fateful June day in 2016.

The Investment Association has calculated that a punter's return from a fund invested in only British companies would have totalled 13 per cent over the past four years, according to The Times, while a Europe-ex-UK fund would've delivered 39 per cent
QUOTE
Brexit isn't the only reason for a spot of bearishness about British equities.

Energy stocks comprise 12 per cent of the benchmark index, and they've been battered by the plunge in oil prices. Another big component is banks, whose margins have been crimped by falling interest rates.
There's also the unhappy prospect of many companies cutting dividends, especially galling because one of the attractions of British equities is traditionally the yield they offer.

And at a macro level, Britain's economy is on course for one of the world's steepest coronaviral recessions this year. The IMF said last week the British contraction would be 10.2 per cent, putting it in a double-digit club with only France, Italy, Spain and Mexico.


https://www.afr.com/world/europe/the-sick-m...20200618-p553rb
  Forum: Macro Factors

nipper
Posted on: Jun 29 2020, 11:43 AM


Group: Member
Posts: 7,120

Chesapeake Energy filing for Ch 11 bankruptcy protection ..... that or a similar company; long awaited. I wonder how many more.

And the debt instruments floating around.; please, FED, do not buy them
  Forum: Macro Factors

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


Group: Member
Posts: 7,120

battle of the big boys. !!
Can take many forms, and the bigger the market cap, the greater the gyrations. I have always thought tax-loss selling is over by now because that is domain of the smaller players. But big fundies/ instos, often they can window dress by selling winners to make the short term results look glamorous.

All you can do, eb, is watch the momentum, the licks of trades going through regularly as the bots nibble away at the other side?
  Forum: Investment Discussion

nipper
Posted on: Jun 28 2020, 09:42 PM


Group: Member
Posts: 7,120

Livewire Markets: Metcash on a 5 per cent fully franked yield, something to add to your grocery list?
QUOTE
Simon Conn (Investors Mutual): I think Metcash is a buy. It is a good solid business. Not the most exciting thing again in the world, but a solid business. We have been eating more at home and I think that really speaks to the resilience of the business. I think actually what we've been seeing, people are buying more local, which I think speaks to your local IGA business, it is going okay. And the liquor business is a really strong one. Again, drinking more at home, so it helps them.



Livewire Markets: We have been drinking more at home. So, is it Metcash or Metcrash, Dean? Buy, hold, sell?
QUOTE
Dean Fremder (Perpetual): It is a sell for me. Again, disagreeing with Simon. The wholesale business model is a structurally pressured business model. It's difficult. Metcash has lost a few of their big customers in recent times, which is going to present a further headwind for earnings in coming periods. They raised money recently which obviously puts the balance sheet in a bit better shape, but they have quite significant liabilities that you can not see on the balance sheet that they may need to fund in coming times, and so putting it all together, risk-reward does not really stack up for us, so we'll say sell.
  Forum: By Share Code

nipper
Posted on: Jun 28 2020, 09:20 PM


Group: Member
Posts: 7,120

QUOTE
Getting some money in the door .... enough to avoid a call on capital in the 1H20?
Well, not quite .... and, along came Covid.
a bit of reality creeping in. ... the company was really only at Launch phase, and needing to transform to Scale and Optimise.

archTIS had been focusing on Aust/NZ govt departments, looking to deepen relationships with Defence and Intel, plus looking at contractors, consultants and law firms dealing with govt, both in Aust and internationally. Its slow work.

then in May, $1.65 million raised via a Placement to new and existing shareholders at A$0.055 per share
• and a Share Purchase Plan to existing shareholders at the same price of A$0.055 to raise approximately another A$500,000 (actually picked up $570K, so a vote of confidence). (but it was 5.5c, which was low)
Picked up Ombudsman as client, then Curtin Uni for their SKA space tracking program, and after this C/R, Northrop Grumman on board

And of course, the whole issue of state sponsored cyber attacks reared up
QUOTE
Australian security agency chiefs and government officials have been actively monitoring the spike in domestic and global cyber hacking during the COVID-19 pandemic, and were working closely with Five Eyes and NATO countries reporting similar online threats.

Companies and state governments are being advised by the Australian Signals Directorate and Australian Cyber Security Centre on defence strategies to thwart the industrial-scale cyber hacking campaign.

PM Morrison ... said security agencies had not identified any "large-scale personal data breaches" during investigations in recent months.
and suddenly a spike, with SP now around 10c
  Forum: By Share Code

nipper
Posted on: Jun 28 2020, 01:10 PM


Group: Member
Posts: 7,120

Sad that the news has to be portrayed this way
QUOTE
Malawi's opposition leader Lazarus Chakwera has won the country's rerun presidential vote, officials say.

He defeated incumbent Peter Mutharika with 58.57% of the vote in Tuesday's poll, the electoral commission announced late on Saturday.

In February, Malawi's constitutional court annulled Mr Mutharika's victory in the May 2019 election, citing vote tampering.
  Forum: By Share Code

nipper
Posted on: Jun 26 2020, 12:21 PM


Group: Member
Posts: 7,120

Australia and New Zealand are hosting the FIFA 2023 Women's World Cup. Here's how the tournament will work

https://www.abc.net.au/news/2020-06-26/how-...l-work/12395086
QUOTE
It's official — the 2023 FIFA Women's World Cup is heading to Australia and New Zealand.

The dates FIFA has nominated for the tournament to take place are between July 10 to August 10, 2023.
The bid proposes 13 stadiums in 12 cities across Australia and New Zealand, telling FIFA it would prefer a minimum of 10 to be used — five in each country.
The bid team is banking on welcoming 1.5 million fans through the gates across those venues for an average of 24,000 spectators per game, which would make it the most well-supported women's World Cup in history.
The 2023 Women's World Cup will feature 32 teams, up from the 24 that competed in France in 2019.
  Forum: Off Topic Chat

nipper
Posted on: Jun 25 2020, 05:32 PM


Group: Member
Posts: 7,120

Hot on the heels of its decision to acquire clinical-stage biotechnology company Vitaeris earlier this month, this morning the company announced plans to make another acquisition.

CSL has agreed to acquire the exclusive global license rights to commercialise an adenoassociated virus (AAV) gene therapy program, AMT-061 (etranacogene dezaparvovec), for the treatment of haemophilia from Nasdaq-listed gene therapy company, uniQure .

According to the release, the AMT-061 program, which is currently in Phase 3 clinical trials, could be one of the first gene therapies to provide potentially long-term benefits to patients with haemophilia B.

Management explained that one dose of AMT-061 has shown to increase Factor IX (FIX) plasma levels to a degree that reduces or eliminates the tendency for bleeding for many years. FIX is the blood clotting protein lacking in people with haemophilia B.

This means that should AMT-061’s trials be successful, appropriate candidate haemophilia B patients will be able to have a one-time treatment to restore FIX activity to functional levels capable of eliminating the need for frequent and ongoing replacement therapies.

CSL’s CEO and Managing Director, Paul Perreault, commented: “Our vision for haemophilia B patients is to offer transformational treatment paradigms that help free them from the lifelong burden of this disease. With more than three decades of providing lifesaving innovations for the global bleeding disorders community, we are well positioned to maximise the potential benefit of this therapy.”

What is CSL paying for AMT-061?

Under the agreement with the gene therapy company, CSL will have the exclusive global right to commercialise AMT-061.

It will pay uniQure an upfront cash payment of US$450 million, followed by regulatory and commercial sales milestone payments and royalties.

In addition, uniQure will complete the Phase 3 trial and scale up manufacture for early commercial supply under an agreed plan with CSL. The transaction remains subject to customary regulatory clearances before closing.

Mr. Perreault concluded: “Upon approval, we believe this next-generation therapy would be highly complementary to our existing haemophilia B product portfolio. We hope that it provides patients with an alternate best-in-class treatment option, building on our legacy of delivering lifesaving innovations in hematology."
  Forum: By Share Code

nipper
Posted on: Jun 25 2020, 05:21 PM


Group: Member
Posts: 7,120

the stats can be interpreted in many a way; I saw for a 70 y.o. with a comorbidity (diabetes, high BP, or suchlike) it was up to 30% not making it.

Keep fit, and a strong immune system plus a bit of luck should see you through. But this Covid is a bit of a wild child, manifesting in strange ways. The epidemiologists haven't got a full understanding. Silent stroke in asymptomatic 30 year olds is observed in a statistically significant way, for example.
  Forum: Off Topic Chat

nipper
Posted on: Jun 24 2020, 09:22 PM


Group: Member
Posts: 7,120

He's back - links to stories you may not find in the mainstream media

Media worth consuming - June 2020
A monthly look at dozens of local and global media articles that often do not receive mainstream coverage in Australia.
Finance
Close to half of US retail tenants didn't pay rent in April and May, kicking off a cascade of financial problems. As default notices from American landlords fly out the door, corporate bankruptcies soar. Rating agencies had given leeway to corporates in recent years, now they are set for a wave of catch up downgrades. The SEC has blocked bankrupt Hertz from selling almost certainly worthless shares to naive retail investors. US energy stocks are seeing wild trading in the lead up to filing for bankruptcy.


Chinese investors are taking losses on wealth management products and they aren't happy. China's banks are being pressured to make low rate loans to SMEs. German company Wirecard announced that its auditors couldn't find €1.9 billion in cash it claimed to have and then its CEO was hit with a massive margin call. EY keeps getting caught auditing dodgy companies and attacking internal whistleblowers.


Ray Dalio has gone from "cash is trash" to being concerned about a "lost decade" for equity investors. New research shows that US private equity returns aren't beating a comparable index, but they are creating an extraordinary stream of fees for managers and their advisors. A profile of the Silicon Valley billionaire who loves to point out the stupidity inherent in many investment firms. The revenge motivated buyout of StubHub right before lockdowns began will go down as one of the worst business deals ever. The author of the book "Bailout Nation" successfully applied for a government bailout for his business.


Calpers is adding leverage to its portfolio as it doesn't think it can hit a 7% return target without it. Politicians have been pressing pension plan board members not to lower return assumptions. Distressed companies are using weak debt covenants to compel bondholders to take losses. Lenders pressuring companies can be good for operational efficiency and corporate governance. Well performing European banks are opting to leave existing hybrids outstanding rather than replace them with higher yielding new issues. Japan's Norinchukin Bank, who owns 10% of the US CLO market, announced it is pulling back its investments in the sector


Politics and culture
A non-white University of California academic rebutted the narrative that underpins the Black Lives Matter movement. Black Lives Matter protestors are defacing monuments of people who opposed slavery. Lebron James is called out for his inconsistency in supporting black rights but rejecting rights for Hong Kong citizens. When the nicest country in the world has a problem with the Chinese Communist Party, it shows that the problem is the CCP. The LA Galaxy soccer team forced a player to apologise and then still sacked him after his wife posted unsavoury comments on social media.

The arguments that America has too many prisons and not enough police. The failure to prosecute violent and lethal actions by American police shows why qualified immunity has to go. Deaths of innocent people show why "no knock" police raids need to be eliminated. In some US states, there's a very different set of laws for police officers who commit crimes often allowing them to escape punishment. What do people want when they call to "defund the police"?

A television reporter and crew were arrested for reporting on the Minnesota riots but promptly released after complaints were made to the state's governor. An ESPN journalist encouraged rioters to burn buildings then got upset when rioters attacked his neighbourhood. American businesses have to hire their own security or arm themselves as police forces have failed to stop looters. A Philadelphia newspaper editor was ousted after using the headline "buildings matter too" to respond to looters and arsonists. The American press is destroying itself over insanely trivial matters.



Economics and work
As the Federal Reserve has forced interest rates down, Americans have responded by saving more. Negative interest rates have been proven to harm growth, with the reasons for that quite straightforward. If you are going to use quantitative easing to finance deficits, at least use it to lower taxes as that is proven to create economic growth.
The Federal Reserve has front run treasury issuance pushing asset prices up, but that will reverse unless they print a lot more money. The Fed is pushing ahead with buying investment grade-rated corporate bonds, even though the sector was doing fine without it. With a lot of help from the Fed, high yield bonds are making a comeback. The Fed has openly confirmed it has no concerns with creating asset price bubbles. The hilarious Robin Williams comparison of junkies and markets addicted to central bank liquidity.

There's a long road ahead for those trying to issue joint EU debt with four countries holding back, knowing that some recipient countries are likely to waste the funds provided. The EU is steam rolling through several economic taboos with its pandemic bailout debt. The ECB lent €1.3 trillion to banks at negative interest rates, with cheap funding encouraging banks to load up on sovereign debt.

Up to 68% of Americans receiving unemployment payments are receiving more than when they were working. Failed economists are claiming that looting is good for the economy. Keynesian economics is on its death bed. The back and forth arguments about modern monetary theory. The US government has a spending problem, driven by the soaring cost of social programs over the past 80 years. The growth in the US money supply looks like Argentina. Zimbabwe is experiencing hyperinflation, again.


Miscellaneous
70% of Sweden's Covid-19 deaths were in nursing homes with the deceased having had an average life expectancy of less than a year. A Seattle man left hospital after 60 days of treatment for Covid-19 with a $1.1 million bill. The science on how people transmit Covid-19 is becoming a lot clearer, helping guide ways to slow the spread. There's tens of thousands of people willing to risk infection with Covid-19 as part of helping to develop a vaccine.
A 20-year-old amateur share trader committed suicide after seeing a -$730,165 balance on his account, an amount which is expected to have vastly overstated the eventual outcome from his options trading. Swiss police detained and took mugshots of an eight year old boy for trying to use toy money at a local store. Planes flying with few passengers are having unusual safety issues. In the 1990s Pepsi caused riots when it failed to payout $32 billion after it messed up a competition in the Philippines. Ageing wind farms can become far more productive with new turbines. A park in Oregon has been named after the time that the town blew up a dead whale.



Written by Jonathan Rochford of Narrow Road Capital. Comments and criticisms are welcome.
  Forum: Off Topic Chat

nipper
Posted on: Jun 24 2020, 08:43 PM


Group: Member
Posts: 7,120

Tesla battery rumours drive shares in Novonix

http://www.smh.com.au/business/markets/aus...5549r.html?btis

QUOTE
Shares in a little known ASX-listed maker of battery technology for electric vehicles and energy storage systems have gone on a tear in recent weeks amid twin rumours of a deal with Tesla and the US government. Driving the share price were rumours on social media and stock forums that Tesla would announce at its "battery day" it would be using Novonix's technology in its new batteries.

But as the rumours dissipated and Tesla delayed its battery day to later this year, Novonix's market capitalisation [dropped]. On Monday the stock shot up again, the same day two executives told The Australian Financial Review it was working with "some folks in Washington on understanding the opportunity" for its products in the wake of limits on Chinese made products by the Trump administration.

Novonix is backed by the wealthy St Baker family from Brisbane and includes Washington H Soul Pattison's small cap fund and Regal Funds Management as significant shareholders. According to its annual report, Corporate Travel Management boss Jamie Pherous is a top 20 shareholder while former Dow Chemical chief Andrew Liveris is a director. Yet despite its lofty market capitalisation, Novonix reported half-year revenue of $2.67 million and a loss for the half of $6.97 million.

An issue of new shares helped to increase its market cap. The [cap] raising included a placement to St Baker Energy Innovation Fund, led by Trevor St Baker, the father of Novonix managing director Phil St Baker. Novonix directors also participated in the capital raising.

Novonix's shares nearly doubled from 68¢ to $1.21 on June 9 after it announced a "breakthrough" that would improve electricity density of EVs batteries and produce longer-lasting batteries.

Regal Funds Management was a key beneficiary of the recent share price rise after picking up 6.76 per cent stake on June 5 at between 29¢ and 68¢.

Asked by The Age and The Sydney Morning Herald last week about when the board was in receipt of the information that led to such a large share price surge and whether that was before the capital raising was launched, Mr Phil St Baker said: "Public communication relating to the technology update of June 9, 2020 to which you refer started on November 21 last year at the company AGM."

The November 21 statements failed to excite Novonix's shares which fell 1¢, or 3 per cent, to 36¢. Novonix did get a 8.6 per cent boost to its share price in December when it announced that it had sealed a supply deal with Samsung SDI which in turn supplied batteries, but that share price jump was still far below the June 9 spike.

Novonix also held an investor briefing on June 9 after announcing its "breakthrough" where chief operating officer Chris Burns was asked about the Tesla rumours.

"There's a lot of coverage around Tesla's expansion toward being vertically integrated and building their own cells. And so they would certainly fall in this list of companies that would be interested in working with us on our materials," he said in response to a question that had been emailed in by an investor and read out by a representative of a communications firm assisting with the briefing

Mr St Baker said the group had had confidentiality agreements in place with a number of players when asked about the Tesla rumours. "Battery cell makers supplying the automakers are the companies you need to be doing deals with if you're a battery materials company and that's exactly what Novonix is doing," he said. "Publicly available information shows that Tesla buys its battery cells from the established makers, while they are working toward potentially making their own cells in the future."
  Forum: By Share Code

nipper
Posted on: Jun 24 2020, 04:42 PM


Group: Member
Posts: 7,120

don't want to spoil your holiday, Mick, but Talga went from 42 to 58c today (& closing at its highs)
  Forum: By Share Code

nipper
Posted on: Jun 24 2020, 02:24 PM


Group: Member
Posts: 7,120

Freedom Foods in a spot of bother today (and down 15%) on news that its chief executive Rory Macleod was "on leave pending a further announcement", the day after its chief financial officer Campbell Nicholas resigned.


Whoops.


Further announcements pending.
  Forum: By Share Code

nipper
Posted on: Jun 24 2020, 01:12 PM


Group: Member
Posts: 7,120

are we there yet?
QUOTE
• Expressions of interest received for Talga's lithium-ion battery anode products exceed 300% of planned annual capacity of the Vittangi Anode Project

• Talnode® products now in 36 active commercial engagements covering majority of planned European Li-ion battery manufacturers and 6 major global automotive OEMs
• Talga expanding scale of Niska Scoping Study as a result of this significant interest
• Li-ion battery megafactories set to require >2,500,000tpa active anode material by 2029, up from ~450,000tpa anode production today, with Europe the fastest growing market
  Forum: By Share Code

nipper
Posted on: Jun 24 2020, 01:07 PM


Group: Member
Posts: 7,120

A Deep Recession Can't Be Ruled Out

https://www.sharecafe.com.au/2020/04/06/a-d...t-be-ruled-out/
QUOTE
As the world battles with the COVID-19 pandemic, our assessment of the economic and investment implications depends upon three fundamental issues. These are
1. the duration of the output gap,
2.the policy responses to mitigate the output gap, and
3.whether or not the crisis will result in fundamental and lasting changes in consumer behaviour.
- by Hamish Douglass
  Forum: Off Topic Chat

nipper
Posted on: Jun 24 2020, 12:04 PM


Group: Member
Posts: 7,120

Australians don't like being lectured to. The breach of diplomatic protocols didn't go unnoticed (local Ambassador just a pit bull). And most of the supply chain issues can be sourced from elsewhere; at a cost , sure! but, nevertheless, how much junk do we need?

Our Australian media will say what it likes; China's media will only say what its masters dictate to them. BIG difference.
  Forum: Investment Discussion

nipper
Posted on: Jun 23 2020, 04:42 PM


Group: Member
Posts: 7,120

nice early days drill results from Gawler Craton SA...... Up 15% today

• The first diamond hole at the Sahara prospect has intersected over 200m (down-hole length) of nickel and copper bearing sulphides hosted by a thick pyroxenite intrusive body.

• Drill hole 20WGDD005 at the Sahara Prospect represents the first diamond hole completed by the Company on the Iluka Farm-in and Joint Venture ground.

• Average 2%–5% sulphide content across the entire intrusive body, with average sulphide content increasing with depth and Niton XRF values confirming elevated nickel and copper values (assays pending).

• Drilling targeted electromagnetic (EM) conductor plate F1-6 (target plate dimensions 80m strike x >200m dip), which was successfully intersected at 195m down-hole depth. The EM conductor is currently unconstrained below 250m, remaining open at depth.

• Numerous interpreted mafic intrusive bodies (and accompanying EM conductors) remain to be tested in the Firefly district, with the Company now modifying drilling plans to focus on the Sahara Firefly area
  Forum: By Share Code

nipper
Posted on: Jun 23 2020, 09:39 AM


Group: Member
Posts: 7,120

yeah, a week till EoFY. A bit of window dressing happening still, though I find anything like tax-loss selling has usually been done by now. Especially after the big moves, the drop then rebound often can see any stale holders get out.
  Forum: Macro Factors

nipper
Posted on: Jun 22 2020, 03:37 PM


Group: Member
Posts: 7,120

just how robust is CGF? Seems to be sailing close to the wind, and jettisoning some ballast too (yeah, yeah; mixed metaphors, I know)

Touched $10 before Covid, got to $3 at lows and now only back to $5.25. Now having Cap Raising at $4.89
QUOTE
In a presentation to investors, Challenger revealed it had suffered a $847 million loss-on-paper due to falling valuations across its fixed income, property, equity and infrastructure investments in the period between January and the end of May. Although 50 per cent of the investment losses were not yet realised, Challenger's Common Equity Tier 1 capital ratio had fallen from 1.07 times the regulatory requirement to just 1.01 times over the same period.

The prescribed capital amount, another measure of regulatory capital, was more resilient to the market ructions, rising from 1.54 to 1.63 times — largely due to a move by Challenger to sell higher-risk investments*, which carry a steeper capital charge.

The equity raising comes just months after Challenger scrapped plans for a replacement capital raising, (ditched a Hybrid launch during the height of the market sell-off). It also sold hundreds of millions of dollars of high-yield sub-investment-grade corporate bonds and equities in a bid to derisk its $18 billion investment portfolio.

Amid the market plunge, Challenger also fully withdrew its $400 million line of credit and sold all its holdings in listed infrastructure. The company appears to have repaid $350 million to the banking facility in June.

By the end of May, Challenger had suffered a year-to-date net loss after tax of $483 million.

having an entitlement issue and SPP to pull in $300mill

---* "due to a move by Challenger to sell higher-risk investments" . Double edged - this is from where they need to derive income, to service withdrawals.
  Forum: By Share Code

nipper
Posted on: Jun 22 2020, 02:31 PM


Group: Member
Posts: 7,120

Four Stocks set to ride the IT boom
QUOTE
1. Megaport
MP1 is perhaps the most recognised. As MP1 is a global player with a market capitalisation of more than $2 billion, it's fair to suggest the market has realised the opportunity here. In recognition of its price performance, the company will be added to the prestigious S&P/ASX 200 list on June 22, affirming its place among the market leaders.

MP1's value proposition is that it can connect its customers to different data hosts, through varied data centres, offering a scalable solution that is multi-cloud connected, and with flexible terms to allow businesses to scale up or down as required. It has been successful in attaining customers and continues to invest heavily in this. Investors need to take a long-term view given it trades at a price to revenue above 30 and is unlikely to be profitable within the next two years.
QUOTE
2. Uniti Group
UWL is involved in the provision of internet and associated telecommunication products focused on infrastructure such as fibre, wireless towers and ground leases. With a leadership team possessing deep experience in the telecommunications space, UWL has a vision of driving connectivity to residents and businesses across Australia.

Recently, the company acquired OptiComm, which itself was a recently-listed entity providing similar services. The acquisition not only gives UWL precious network capacity, but exposure to a range of different clients in areas where the company is yet to establish a presence. Beyond the strategic rationale, the acquisition will contribute immediately to profit growth. Coupled with cost synergy benefits, it enhances UWL's chances of growing market share.
QUOTE
3. 5G Networks
5GN aims to be a vertically-integrated business providing data connectivity, cloud and data centre services to businesses in Australia. Although it is still in the early stages of achieving its end game, early signs are promising. In a recent update, the company confirmed that cash flow generation was strong, contributing to a growing funding capacity. Further, the pipeline of possible future contracts remains strong, boding well for the future.

The company recently raised more than $20 million to expand its fibre network and pursue further merger and acquisition activity so as to boost network capacity and earnings margins.
QUOTE
4. Macquarie Telecom Group
MAQ provides a range of tele, cloud and data centre services to government and business. The business was founded in 1992 with its roots in government. But it is expanding, in particular its data centre business with an aim to have a total power capacity of 50MW.

In a recent presentation to investors, it reaffirmed long-stated earnings guidance, which highlights the resilience of the business model and long-term nature of its larger client base. Its plans for the data centre expansion remain on track. Like competitor NextDC, though, MAQ does not pay a dividend as it continues to invest heavily back into the business with an expected $85 million to $90 million to be spent on capex this year.

  Forum: Off Topic Chat

nipper
Posted on: Jun 22 2020, 02:16 PM


Group: Member
Posts: 7,120

Four stocks set to ride the IT boom
https://www.afr.com/wealth/personal-finance...20200619-p5545r

QUOTE
Throughout the COVID-19 crisis, the IT sector has shown incredible resilience, supported by juicy margins, recurring earnings and strong long-term growth opportunities.

Further, companies whose businesses lean heavily on the internet, even those within the most significantly challenged of sectors, have emerged strongly after the shutdown and are poised to become the new benchmark within their respective industries.

However, with our lives moving increasingly online, is our telecommunications infrastructure adequate to meet the demands of future internet thirst?

Although our current needs are met, it would be a far stretch to suggest that our infrastructure is ready for emerging innovations on a broad scale such as driverless cars, mass augmented reality and the artificial intelligence revolution. Unfortunately, the NBN is grossly inadequate and will fail to help us all reap the rewards of technology discoveries yet to come.

Private enterprise has stepped up to fill the imminent void and a new technology infrastructure future is being built by companies, many of which are listed on the sharemarket. Investors will be familiar with household names such as telecommunications services companies Telstra, Optus and TPG. Then there are data centres such as US based Equinix and NextDC.

But the burden of building out the future super highway on which our IT will run is a huge task. Here a number of other companies share responsibility. Although some have already experienced meteoric share price rises, their names will become familiar to investors seeking out themes with a future focus.

1. MegaPort MP1 ..... 2. Uniti Group UWL ..... 3. 5G Networks 5GN ..... 4. Macquarie Telecoms MAQ
  Forum: Off Topic Chat

nipper
Posted on: Jun 22 2020, 12:33 PM


Group: Member
Posts: 7,120

and this
QUOTE
Monetary and fiscal shock and awe saved the financial system and markets have rallied dramatically from the lows seen on 23 March. The world's governments and central banks built a bridge across the chasm as we were herded into hibernation. Now we are being allowed out and the great reopening is upon us. There is no turning back. The economy would not survive a return to lockdown and hibernation. The economic damage has already been colossal and it will take many months before we can quantify, and understand, the scale of the scarring. Sadly, some businesses will not have survived. Some sectors such as international travel and tourism, aviation, conventions and event management will be on life support, not to mention much of the hospitality sector.

Unemployment levels will remain high for some time, and youth unemployment will be even worse.

The most adversely impacted, as always, will be those on low-incomes and inequality will worsen even further.

https://www.stlouisfed.org/open-vault/2019/...a-facts-figures?

This is why there can be no turning back of the reopening or the extraordinary fiscal and monetary policies.

We need, as a matter of urgency, to get back to something approaching normality before it is too late and the defaults, both personal and corporate, start skyrocketing.

We already know that corporate insolvencies, loan, mortgage and rental defaults will soar once all the government support measures taper off.

We don't know how bad it will be, but we know that's what is coming.
  Forum: Investment Discussion

nipper
Posted on: Jun 22 2020, 11:40 AM


Group: Member
Posts: 7,120

bit of a rebound .... now +8 .... a pretty solid recovery during the morning from being 50 pts down

  Forum: Macro Factors

nipper
Posted on: Jun 22 2020, 10:32 AM


Group: Member
Posts: 7,120

here's a bit of a tale of our times. From a newsletter:

QUOTE
Can anyone, with a straight face, say that U.S equity valuations are not expensive?

Can they get more expensive?

Of course they can.

On 22 May Hertz filed for bankruptcy and the share price closed at $2.84 and 43,779 Robinhood (RH) investors held shares.

On 3 June Hertz opened at 80 cents and 63,000 RH investors held shares.

On 8 June Hertz traded at $6.25 and 142,000 RH investors held shares.


You can see for yourself. http://www.robintrack.net/symbol/HTZ

And if you wish to read more on this astonishing saga read the story below...it gets even better.

https://www.nytimes.com/2020/06/17/business...stock-sale.html?
  Forum: Investment Discussion

nipper
Posted on: Jun 22 2020, 09:55 AM


Group: Member
Posts: 7,120

yep, it's interesting. I was reading about it yesterday; I wonder how the pathway to commercialisation will go, with minnow SOR and much larger Honeywell?
  Forum: By Share Code

nipper
Posted on: Jun 21 2020, 06:47 PM


Group: Member
Posts: 7,120

Personally, I own a truckload, mostly bought in 1985 (CGT free smile.gif ). So I won't but I won't sell, either.

I like the fact the company operates in OECD jurisdictions, where rule of law may mean higher costs, but more clarity. It's pretty obvious they want to stay with Tier 1 assets. This can be somewhat limiting. Also, BHP is positioning for new minerals. Copper, Nickel, even potash and limiting coal exposure. Oil n gas, they're getting picky (pity about US shale!!). Meanwhile, iron oil, what a winner.
  Forum: By Share Code

nipper
Posted on: Jun 21 2020, 05:36 PM


Group: Member
Posts: 7,120

BHP has increased its nickel footprint in Western Australia with the purchase of a tenement package from Russia's Norilsk Nickel. The deal gives BHP control of the Honeymoon Well project as well as the Albion Downs North and Jericho exploration projects where it previously had a 50 per cent stake alongside MPI Nickel Pty Ltd, a wholly owned subsidiary of Norilsk.

The tenement package is in WA's northern Goldfields and only about 50 kilometres from BHP Nickel West's Mt Keith nickel mine and 100 kilometres from its Leinster nickel concentrator.

QUOTE
“Nickel continues to be an essential input into new technologies that will improve the battery storage needed for renewables and electric vehicle manufacturing," BHP Nickel West asset president Eddy Haegel said on Friday. "Consistent with our strategy to invest in future facing commodities, this transaction gives us access to explore and develop these prospective nickel sulphide tenements.”


  Forum: By Share Code

nipper
Posted on: Jun 21 2020, 03:25 PM


Group: Member
Posts: 7,120

it appears IMs are currently not abled (= disabled) so I'll put this up for general viewing.

SS is schizoid, and consists of a rump base of users, ever dwindling in number, posting on general threads, and a cohort of CUV posters and readers. The decline of the former is self-evident, while the popularity of the latter may not be fully appreciated. A CUV post on 15 July that required clicking on to read the attachment has now gained nearly 1000 views (some may be duplicate but the total number is higher than active contributors would imply).

And of course, there is a third form of views, that of robots.

Now SS like most free-access forums rely on advertisers to pay for the upkeep, for moderators and registration etc. I suspect as a business model, it is rather mid-2000's rather than state of the art V2.0

I came across an article that talks about the increased trading by retail gamblers/speculators/traders/investors during Covid lockdown, and it mentions the newest participants are found in online communities, which are typically
QUOTE
..... a bunch of new players day-trading and laughing at the world of fund managers and experts. Sure, they are inexperienced, but they work on the theory that stocks only go up, and if it's a terrible stock that just fell 50%, then that's even better. It has so much potential. It sounds crazy to anyone taught to value a company based on the net present value of its expected future cash flows, but in this world, none of that matters. The new traders drove up the price of Hertz after it declared bankruptcy with massive debts and no revenue, and the share price rose so rapidly that Hertz planned a new capital raising.

Where are these communities hanging out?

TikTok is a massive global success story with a billion members who post short dance moves, lip sync routines, cooking sessions or whatever. It's also dominated by young people and millennials, and Robinhood advertises heavily to this market. The chat function on TikTok includes stories of quick daily market gains with videos on 'How to Trade' and 'Financial Advice', some of which are agonisingly naive.

Reddit is a large collection of online public forums where people share information and comment on posts by other people. It has become a global feedback site on almost any subject and one Robinhood section has 300,000 members. A popular Australian site is ASX_bets with 8,300 members. Reddit claims to be the number one resource for traders under 30, and they can legitimately collude.

And what of Robinhood? This is now a serious business. It has increased its user base by millions each month since March and embarked on a new share issue valuing the company at US$8 billion. It is privately held, and the app is not available in Australia. Robinhood makes money by selling data to high-frequency traders, which may translate into other activity by large players.

https://www.firstlinks.com.au/easy-money-do...stonks-bro-down
  Forum: Off Topic Chat

nipper
Posted on: Jun 21 2020, 11:54 AM


Group: Member
Posts: 7,120

QUOTE
What is the difference between sewage and sewerage?

Sewage is the waste matter carried off by sewer drains and pipes. Sewerage refers to the physical facilities (e.g., pipes, lift stations, and treatment and disposal facilities) through which sewage flows.

I think this is all about drilling down to parts per million (ppm). ... remnant traces of virus in the system that have come from/ via humans. There's a story somewhere that in Italy, based on this detective work, the authorities think corona virus maybe was in Europe a few months earlier, in other words late 2019 and not Feb 2020.

It's not as far fetched as you'd think. Cocaine 'heat maps' based on examination of minute traces of the drug are used by law enforcement.
  Forum: Off Topic Chat

nipper
Posted on: Jun 20 2020, 05:04 PM


Group: Member
Posts: 7,120

Livewire Markets: Dean, let's start with you, Nanosonics, one of Livewire readers' most tipped small caps. Are you with them? Are you against them? Buy, hold, sell?
QUOTE
Dean Fremder (Perpetual): Sell, unfortunately, I'm against them. It's an awesome business, and we'd love to own it .... love the business model. Unfortunately, the valuation just escapes us. And ultimately, at today's prices, you're being asked to not only pay for the next 10 or 20 years worth of perfect execution in growing their current product, but you're actually also being asked to pay for perfect execution of their second product, that they haven't even announced to the market, what it is yet.
So a great business, but we're not really excited about paying for 10 or 20 years worth of growth upfront, particularly, if we don't even know what they're going to be selling.

Livewire Markets: Simon, it's got $82 million of cash on its balance sheet, nearly no debt, plays in the very central area of infection prevention. What do you reckon, buy, hold, sell?
QUOTE
Simon Conn (Investors Mutual): It's a sell. You're paying 2 billion dollars for $100 million dollars of run-rate revenue. Extremely, at 20 times revenue, it's a great business, and I get the recurring revenue. But, again, 2 billion dollars .... you're paying a lot.

And I know they've talked about the second product. I think they've started talking about the third product before they've even released the second product, which is just a bit of a warning sign for me, but the valuation's very rich.
  Forum: By Share Code

nipper
Posted on: Jun 20 2020, 04:57 PM


Group: Member
Posts: 7,120

Livewire Markets: Dean, death and taxes ... two of life's unavoidables. InvoCare manages to specialise in one of them. Buy, hold, sell?
QUOTE
Dean Fremder (Perpetual): It's a hold for us. Clearly, a very defensive and attractive industry. You don't need to worry about whether your customers will turn up, which is a nice thing. So InvoCare, they dominate the space, clearly something with great long-term earnings potential.

What keeps us a little bit at bay is, we're still waiting to see the returns from their big capex investment programme in recent years. You've seen some announced senior management turnover recently, and the stock's quite expensive still, so we'll sit on the sidelines for now.

Livewire Markets: Okay. Simon, the company did raise more than $200 million recently to strengthen its balance sheet, pursue some potential growth optionality. Is there fun in funerals? Buy, hold, sell?
QUOTE
Simon Conn (Investors Mutual): Fun in funerals, well, at least you can go to a funeral now whereas for a couple of months, you couldn't, which I think was making for huge uncertainty. But look, actually, I think I'm quite positive on the new management team. There's a new chairman who I know from previous other companies. There's a new CFO, just been announced today, who I have high regard for.

Look at the low $10s, when you can get a 4 per cent yield on a pretty solid balance sheet and a pretty recurring predictable business, I think it was a buy. Around the mid $11s, it's probably a hold. But if you can buy it in that low $10 price range, I think it's a good business. They have been spending a lot of catch up capex, but that will come to an end in 12, 18 months time. And I think when that comes through that business will start generating more cash going forward. Pretty defensive business, pretty boring, but pretty safe in these times.
  Forum: By Share Code

nipper
Posted on: Jun 20 2020, 04:49 PM


Group: Member
Posts: 7,120

Evolution Mining dropped 4.6 per cent to $5.25 over the week.


On Friday, Evolution downgraded its full year production guidance, with production from its Mount Carlton mine set to disappoint. The gold miner will also take a $75 million to $100 million writedown on the carrying value of Mount Carlton.
  Forum: By Share Code

nipper
Posted on: Jun 20 2020, 04:41 PM


Group: Member
Posts: 7,120

weakness => illegitimacy
QUOTE
inevitable Western decoupling of supply chains from China, combined with huge demographic headwinds, massive excess capacity, weak per capita incomes and miserly consumption demand ....fundamentally threatens the Middle Kingdom's long-term prosperity and the Chinese Communist Party's legitimacy.
  Forum: Investment Discussion

nipper
Posted on: Jun 20 2020, 01:06 PM


Group: Member
Posts: 7,120

QUOTE
Entering the ASX/200 should be a moment of celebration for any biotech start-up. For Silvio Itescu, the multimillionaire founder and chief executive of stem cell group Mesoblast, it should be an even-greater triumph after a fourfold surge in the stock price spurred by an announcement that the company was assessing one of its drug candidates as a treatment for COVID-19 patients. On June 12, Mesoblast re-entered the ASX/200 as other healthcare companies Estia Health and Mayne Pharma dropped out.

But it's been a roller-coaster ride and Itescu is still fending off critics. They say he is yet to prove the company's worth at over $2.3 billion, and note the regenerative medicine group is yet to produce a major commercial product despite raising over $1 billion in fresh equity since listing on the ASX in 2004 at just 50¢ per share.

Long-time backers .... say Mesoblast is on the cusp of the next frontier in medicine. .....But critics ask why, if its prospects really are so good, some voracious pharma giant hasn't bought Mesoblast out or partnered with it after the better part of two decades plying its trade?....

https://www.afr.com/companies/healthcare-an...20200611-p551m3

QUOTE
Despite the big name support, the market is still split. Several analysts and fund managers say they lost interest after it failed to deliver on its "big promises" for many years.

"They have been just around the corner (from the next big breakthrough) for some time," says a portfolio manager. "Investors in this space do need to be patient. But good drugs don't tend to jump from indication to indication. I think Mesoblast started off in arthritis and now they're looking at COVID-19. They must've have tried at least ten indications.".....
  Forum: By Share Code

nipper
Posted on: Jun 20 2020, 11:50 AM


Group: Member
Posts: 7,120

More and more need
QUOTE
Australian security agency chiefs and government officials have been actively monitoring the spike in domestic and global cyber hacking during the COVID-19 pandemic, and were working closely with Five Eyes and NATO countries reporting similar online threats.

Companies and state governments are being advised by the Australian Signals Directorate and Australian Cyber Security Centre on defence strategies to thwart the industrial-scale cyber hacking campaign.

Mr Morrison, who spoke about the cyber threats with British Prime Minister Boris Johnson on Thursday night, said security agencies had not identified any “large-scale personal data breaches” during investigations in recent months.
  Forum: By Share Code

nipper
Posted on: Jun 20 2020, 11:45 AM


Group: Member
Posts: 7,120

Wentworth, where the waters meet.

If you pass a sheep station called Jamesville on the annabranch on way to Pooncarie, I was there as a nipper in 1960. Second cousins had it then.
  Forum: Off Topic Chat

nipper
Posted on: Jun 19 2020, 08:14 AM


Group: Member
Posts: 7,120

Here's one I might pass on

QUOTE
Robocash has opened a pre-IPO funding round to finance the launch of its neobank in the Philippines.

So much so that Street Talk understands Russia-founded and now Singapore-headquartered Robocash Group is getting its ducks in a row for a listing Down Under, in what would be one of the chunkiest floats so far this year.

A presentation that's been in front of local fundies this week outlines Robocash is readying a $100 million initial public offering in December. A raising of that size would imply a $500 million-odd post-money market capitalisation for the financial services business or 9.8 times PE for fiscal 2020.

Robocash has been around since 2013 and mainly focuses on micro consumer lending in underbanked markets. As of March 31 this year the business had serviced 10 million customers across countries including Russia, Kazakhstan, Spain, India and the Philippines
  Forum: Off Topic Chat

nipper
Posted on: Jun 18 2020, 09:26 AM


Group: Member
Posts: 7,120

QUOTE
“It is really, really hard,” says private Melbourne developer and Rich Lister Tim Gurner. “The jobs are in the big [apartment] towers, and work books have shrunk.”

“The government has to get very serious,” he says recommending the removal of impediments to off-the-plan sales, such as punitive taxes for foreign buyers, and the reintroduction of stamp duty incentives for off-the-plan buyers.
Perfect storm.

And what do we want? Why, privatise profits and socialise losses is the chorus.


Covid is merely the last of many issues hitting construction and sales.
  Forum: Investment Discussion

nipper
Posted on: Jun 16 2020, 08:46 AM


Group: Member
Posts: 7,120

already doing it (expand means continue, I think). there was speculation it would only buy at 'the long end of the yield curve' but this may not be the case.
QUOTE
Federal Reserve said it would expand its purchases of corporate bonds, boosting risk appetite.
The Fed said it would buy corporate bonds in the secondary market, aiming to create a portfolio that is based on a broad, diversified market index.
The Fed said it would keep the size of its bond purchase program unchanged, but did not detail where it would focus the purchases.
Powell to testify to Congress Tuesday and Wednesday
  Forum: Investment Discussion

nipper
Posted on: Jun 15 2020, 11:20 AM


Group: Member
Posts: 7,120

Got offered some of these, but missed the cut-off.
QUOTE
Street Talk understands Manuka Resources, a gold and silver producer, closed its $7 million IPO on Friday last week – 12 days ahead of schedule – and is all set to hit the local bourse in mid-July.

The $7 million raised implies a $50 million market capitalisation for the company, which has two gold and silver projects in New South Wales' Cobar Basin, north-east of Sydney.....

The fresh capital will be used to finance drilling at Manuka's two mines, the Mt Boppy gold project and Wonawinta silver project. Manuka kicked off production at Wonowinta in April and has a production target of 32,000 ounces of gold a year
  Forum: Macro Factors

nipper
Posted on: Jun 15 2020, 11:00 AM


Group: Member
Posts: 7,120

ACQUISITION OF OPTICOMM by Uniti UWL by a RECOMMENDED SCHEME OF ARRANGEMENT
QUOTE
CREATION OF A GROWING, LARGE SCALE NATIONAL PRIVATE FIBRE CHALLENGER, with requisite scale, capability and adjacent market opportunities

Strengthened RECURRING FINANCIAL PROFILE with HIGH LEVEL VISIBILITY INTO FUTURE ORGANIC GROWTH with approximately 190,000 combined contracted lots

Immediately EPS accretive pre-synergies and 23% EPS ACCRETIVE including $10 MILLION of estimated RUN-RATE SYNERGIES.

Uniti’s acquisition consideration of $532 million funded via a $270 MILLION ENTITLEMENT OFFER, $150 million new debt facilities and 84.0 million Uniti Shares with an implied value of $125 million
cash or mix of cash n shares, @ $5.10. ..

..... OPC trading ahead of this on opening;. UWL in halt and going to the market to raise capital.
  Forum: By Share Code

nipper
Posted on: Jun 15 2020, 10:36 AM


Group: Member
Posts: 7,120

OptiComm is getting into bed with Uniti UWL.

OPC holders seem to think it is a good deal, up a bit this morning on the news.

Probably scaling up us the sensible pathway for smaller outfits in the telco space, now the NBN build has finished.
  Forum: By Share Code

nipper
Posted on: Jun 15 2020, 10:16 AM


Group: Member
Posts: 7,120

BLD and others get a bit of a wrap from a value investor


https://www.sharecafe.com.au/2020/06/09/3-c...nificant-value/
  Forum: By Share Code

nipper
Posted on: Jun 13 2020, 02:02 PM


Group: Member
Posts: 7,120

Lithium Australia’s LieNA® technology can recover lithium from fine or variable grade spodumene that is usually discarded as waste. The company pointed out that conventional spodumene processing has recovery rates as low as 50%, due to chemical producers having high specifications for their roasting process.

Unlike the current method, LieNA® is not constrained by particle feed size or grade. LieNA® uses an alkaline source, such as caustic soda, to convert spodumene into a lithium-bearing sodalite. The sodalite is then recovered and selectively leached to produce a lithium-bearing solution. This is further treated to generate a high-purity refined tri-lithium phosphate product.

Advancing towards commercialisation

To assist with advancing LieNA®, Lithium Australia collared a $1.3 million grant under the Australian Government’s CRC-P round 8 program.

In collaboration with the Australian Nuclear Science and Technology Organisation (ANSTO), Lithium Australia has completed extensive test work on the technology.

Lithium Australia said it was now committed to a semi-continuous pilot plant evaluation of the flowsheet, which is the scope of the CRC-P grant.

“Recovering material that would otherwise go to waste is a fundamental building block in Lithium Australia’s quest to enhance sustainability, reduce costs and negate environmental impacts throughout the battery production cycle,” Mr Griffin explained.

“If we as a society want to maintain current living standards, we cannot afford to squander the resources and need to minimise our environmental footprint.” "Commercialisation of LieNA® will take the lithium industry one step closer to achieving that goal,” he added

https://smallcaps.com.au/lithium-australia-...ovel-inventive/
  Forum: By Share Code

nipper
Posted on: Jun 13 2020, 11:20 AM


Group: Member
Posts: 7,120

Gold to benefit from ongoing Fed Intervention

https://www.sharecafe.com.au/2020/06/12/gol...d-intervention/

1. Equities are expensive
2. Fed Policies Exacerbate Income Equality
3. Which brings us to gold
4. Silver emerging from Gold's shadow
QUOTE
Summary

There is a remarkable disconnect between Wall Street and Main Street. Markets have rallied sharply due to the unprecedented amount of liquidity injected into them, while most investment funds remained underweighted, and are now being forced back into the markets.
The economic and financial damage will be long-lasting and will provide ongoing support for the current precious metals rally. Gold and silver have a major role to play and there is strong upside potential with respect to both, especially if we use their post-GFC price performances as a guide ..
  Forum: Macro Factors

nipper
Posted on: Jun 13 2020, 11:06 AM


Group: Member
Posts: 7,120

Is Wesfarmers heading to a sales cliff?
https://www.sharecafe.com.au/2020/06/10/is-...-a-sales-cliff/

Yes and no.
QUOTE
Sales growth has come at a cost. [A broker] points out the incremental margin on the latest sales is 14.5%, lower than what would normally be expected with such strong growth. The broker expects this situation will continue in the second half.

Costs were higher at Bunnings, as around $20m was invested in cleaning, security and protective equipment over the past three months....

Every business has carried these costs. Is the advantage WES gained now grafted in, is a better question. And supply line reliance, with related reliability, on Chinese product is lurking. Saved by a stronger AUD, is one bit of upside for margins.
  Forum: By Share Code

nipper
Posted on: Jun 13 2020, 09:53 AM


Group: Member
Posts: 7,120

There's a big article in the AFR today on corona punters... Mainly young folk, mainly blokes, surging into the market.

I mean it's a perfect cocktail.
... Stuck at home
... Access to money (some using the $10k from super)
... Technology. Everyone can do it.
... Rapid falls then rapid rises. 10% days a frequent occurrence, and that can be in the big caps. Minnows and speccies, even more.

Some sites, especially through Facebook, have been gaining thousands of contributors. Poster children. Everyone is an expert.

Meantime, old school sites have descended to a bunch of fuddy duddies and Barrow pushers. (Twas the wild West on these forums a decade or so ago!!)

Is this the way it always is? Probably impossible to rejuvenate SC/ old SS.
  Forum: Off Topic Chat

nipper
Posted on: Jun 13 2020, 08:28 AM


Group: Member
Posts: 7,120

My headline said "4.999million went about their lives". Rent-a-crowd has a heightened sense of self-importance.
  Forum: Off Topic Chat

nipper
Posted on: Jun 12 2020, 08:50 PM


Group: Member
Posts: 7,120

QUOTE
A small Australian company called H2X has unveiled ambitious plans to begin making hydrogen fuel cell powered cars under the 'Snowy' brand by 2022 from a site in Port Kembla in New South Wales.

Brendan Norman, the chief executive of the company, had previously been working with Chinese group Grove Automotive on hydrogen vehicles, and has joined forces with a group of investors and automotive experts to try to bring a new range of homegrown SUVs to the Australian market.
A prototype of the 'Snowy' would likely be ready by mid-2021 and commercial production is being eyed for 2022. But Mr Norman said the rollout of vehicles to the broader retail market would also depend on the availability of hydrogen filling stations around Australia for motorists wanting to use the new technology....

...Mr Norman said on Friday the 'Snowy' name had been used because it symbolised fresh, clean and green images associated with the Snowy River which had a deep connection with Australia's history and development.

Kevin McCann, a former managing director of Volvo Cars Australia, is on the corporate advisory board of H2X, and said on Friday the project had vast potential and was aiming for steady growth as hydrogen infrastructure was built up in Australia.

"The market potential is going to be in lockstep with hydrogen distribution,'' Mr McCann said.

Mr Norman said Port Kembla had been chosen as a manufacturing site because it was close to a deepwater port, with H2X aiming to eventually be an exporter of the vehicle. The H2X chairman is Samuel Blackadder, managing director of Elvin Group Renewables.
  Forum: Investment Discussion

nipper
Posted on: Jun 12 2020, 08:35 PM


Group: Member
Posts: 7,120

and on a very ordinary week, now 67c

Powering ahead ( ....and a 10 bagger within 6 months )
  Forum: By Share Code

nipper
Posted on: Jun 12 2020, 07:29 PM


Group: Member
Posts: 7,120

Could have come with a YUK warning for that one. Thx.
  Forum: By Share Code

nipper
Posted on: Jun 12 2020, 01:00 PM


Group: Member
Posts: 7,120

Still a bit of cash on the side, for me.
  Forum: Macro Factors

nipper
Posted on: Jun 11 2020, 11:23 AM


Group: Member
Posts: 7,120

QUOTE
.. protester among 8 new coronavirus infections in Victoria

https://www.abc.net.au/news/2020-06-11/vict...avirus/12343130
as they say; other peoples lives don't matter
  Forum: Off Topic Chat

nipper
Posted on: Jun 11 2020, 10:29 AM


Group: Member
Posts: 7,120

as they say, Black livelihoods matter
  Forum: Off Topic Chat

nipper
Posted on: Jun 10 2020, 03:48 PM


Group: Member
Posts: 7,120

Hazer is expected to tap the market for a maximum of $6 million through a placement of new shares.The offer was expected to be priced at 42¢ a share, which represented a 25 per cent discount to Hazer's 57¢ last close and a 16 per cent discount to the 15-day VWAP.

Founded in 2010, Hazer is looking to commercialise a technology it has been developing that uses natural gas an unprocessed iron ore to create a low cost and low emission hydrogen, which has uses in clean energy and chemical processing.

It is understood proceeds from the raising would be used to construct the company's commercial demonstration plant, fund R&D and for general working capital.

  Forum: By Share Code

nipper
Posted on: Jun 10 2020, 12:29 PM


Group: Member
Posts: 7,120

QUOTE
At the end of April, Australia had 186 ETFs with 205 listings and assets of $US37 billion ($54 billion), according to the latest available data from the London-based research group ETFGI. Funds under management have more than doubled since 2015.

Technology is a big part of that success story because of the strong investor appetite for companies focused on disruption of traditional industries and capable of capital growth many times the rate of growth in GDP.

The BetaShares S&P/ASX All Technology Index ETF had an inauspicious beginning. It began trading in the first week of March amid the first rumblings that there could be a coronavirus shutdown in Australia. The index plunged 34 per cent as investors panicked in the face of uncertainty about how COVID-19 would affect the local and international economies.

Rational assessment
By March 23, the fear and panic had given way to more rational assessments of the medium to long term impact of the virus on technology companies. The smart money in the market realised most of the tech stocks in the index would thrive in the increasingly digitally-connected world created by the global lockdown.

Instead of being victims of the crisis, many companies included in the index were rightly seen to be big beneficiaries of the shift in consumer behaviour. There were many winners from the accelerated adoption of software as a service, increased use of global payment platforms and the added momentum for e-commerce across real estate, finance and healthcare.

Investors were given a lesson in extreme volatility as the tech index soared over the nine weeks to the end of May by 73 per cent.

Tech was definitely the place to be in the month of May judging from the latest analysis of the S&P/ASX 200 and its component indices by Sherifa Issifu, analyst, index investment strategy at S&P Dow Jones Indices.

He says information technology led the way among Australian sectors, gaining 15 per cent in May. The sector now boasts a positive total return for 2020 as well as over the past 12 months, where the tech index has gained 14 per cent compared with a 6.7 per cent decline in the top-200 shares on a total return basis.

The volatility over the past few months has been extraordinary. After experiencing a 46.8 per cent drawdown between its February 17 peak and March 23 low, the tech index is down 8.1 per cent from the peak. In comparison, the S&P/ASX 200 was down 18.8 per cent from its 2020 peak at the end of May.

High dispersion
Those who argue in favour of diversification as a protection against concentration risk will see the merit in owning an ETF rather than one or two high-profile tech stocks.

The high dispersion in performance between index constituents can be seen in the fact that seven of them have gained at least 30 per cent in 2020 led by Pushpay Holdings, up 85 per cent, and Afterpay, up 62 per cent. However, nine index constituents have declined by at least 30 per cent this year.

The S&P/ASX All Technology Index is weighted by float-adjusted market capitalisation, subject to a single constituent weight cap of 25 per cent of the total index weight.

Securities included in the index must, as of the rebalancing reference date, have a minimum three-month average float-adjusted market capitalisation of $120 million.

Also, stocks require a minimum relative liquidity of 30 per cent and if any stock's relative liquidity drops below half of the 30 per cent threshold, it becomes ineligible and is removed at the next rebalancing.

The index will be rebalanced each quarter.
https://www.afr.com/markets/equity-markets/...20200604-p54zel
  Forum: Off Topic Chat

nipper
Posted on: Jun 9 2020, 01:01 PM


Group: Member
Posts: 7,120

Double
  Forum: By Share Code

nipper
Posted on: Jun 9 2020, 01:01 PM


Group: Member
Posts: 7,120

https://open.spotify.com/episode/5HZltpGyHs..._email&nd=1

MNF boss talking about Covid time. Reached record high of $5.70 today
  Forum: By Share Code

Poll: The Banks
nipper
Posted on: Jun 9 2020, 10:32 AM


Group: Member
Posts: 7,120

one case, and a couple of reasons, for buying banks
QUOTE
"I believe there is a powerful confluence of forces that could see investors shift their attention to bank stocks.

First and foremost they have significantly under-performed the broader market and the hot growth stocks, particularly the so-called FAANG stocks.

Institutional investors have been underweight financials for some time, and for good reason.

In addition, and very importantly, we are seeing a steepening in yield curves as central banks powerfully anchor short term rates at zero.

The avalanche of government bond issuance and the reopening of economies will, all things equal, lead to a rise in long-term bond yields.

Financials as you know are a major beneficiary of a steepening in bond yield curves as it boosts their net interest income (borrow short, lend long.)

Bank are cheap in absolute and relative terms and hence have a cushion or margin of safety."
  Forum: Investment Discussion

nipper
Posted on: Jun 9 2020, 10:24 AM


Group: Member
Posts: 7,120

Ronald H. Coase, a renowned British Economist and Nobel Laureate, is the author of the quote;

"If you torture the data long enough, it will confess to anything"
  Forum: Macro Factors

nipper
Posted on: Jun 9 2020, 10:19 AM


Group: Member
Posts: 7,120

how about 6195 or nearly 200 points, on 'early opening enthusiasm'. And then, the customary retrace, once market is fully open.


  Forum: Macro Factors

nipper
Posted on: Jun 9 2020, 09:22 AM


Group: Member
Posts: 7,120

that's the nub of it
QUOTE
Arvidsson said there had been a growing backlash to the move among hard-hit communities, particularly the elderly and disabled, who have struggled with the transition to a predominantly digital model.
The assumption is that everyone has the skills and settings, physical or mental or just locational.

Any change tends to marginalise those who aren't in a situation to be able to cope (and then the clumsy provision of services to them comes at a disproportionate cost).
  Forum: Investment Discussion

nipper
Posted on: Jun 9 2020, 09:11 AM


Group: Member
Posts: 7,120

In a trading update on Tuesday, Wesfarmers said sales atBunnings had risen 19.2 per cent in the June-half to date, after 5.8 per cent growth in the December-half, lifting sales so far this year by 11.3 per cent. Officeworks sales have risen 27.8 per cent in the June-half, following 11.5 per cent growth in the December half, lifting year-to-date sales by 19.3 per cent.

At online retailer Catch Group, acquired a year ago, gross transaction values soared 68.7 per cent in the June-half, up from 21.4 per cent growth in the December-half, lifting sales so far this year by 43.7 per cent. Wesfarmers' total e-commerce sales, across all divisions, rose 89 per cent as consumers ordered online to avoid the shops.

However, the strong sales growth will not flow straight through to the bottom line. More than $20mill spent on cleaning, security and protective equioment, plus $70mill down from total closure of NZ Bunnings stores
  Forum: By Share Code

nipper
Posted on: Jun 9 2020, 08:58 AM


Group: Member
Posts: 7,120

QUOTE
and DEG put on another 42% today
.... that was early Feb, and DEG was 5c, going to 7c

Four months later, it is 53c, and news keeps coming
- Hemi discovery
- Brolga drilling
- Aquila drilling
- Cap raising
- Crow drilling
  Forum: By Share Code

nipper
Posted on: Jun 9 2020, 08:52 AM


Group: Member
Posts: 7,120

more whooshka
QUOTE
..the ASX 200 looks set to start the week with a very strong gain after U.S. markets charged notably higher on Friday and Monday night. According to the latest SPI futures, the benchmark index is expected to open the week 147 points or 2.45% higher this morning.

Overnight on Wall Street the Dow Jones jumped 1.7%, the S&P 500 stormed 1.2% higher, and the Nasdaq index rose 1.1%. The Dow Jones is up 4.9% over the last two trading days after stronger than expected U.S. jobs data.


...it's nice to have 2 strong days in a row, when Aust is having a long weekend
  Forum: Macro Factors

nipper
Posted on: Jun 8 2020, 02:06 PM


Group: Member
Posts: 7,120

saw that coming
  Forum: Off Topic Chat

nipper
Posted on: Jun 7 2020, 11:12 AM


Group: Member
Posts: 7,120

QUOTE
employment numbers
Can't take any absolute number seriously. ... too fluid a situation, too much 'interference' to achieve predetermined outcomes. And even a trend as shown in a series of snapshots can be questionable.
  Forum: Macro Factors

nipper
Posted on: Jun 6 2020, 01:09 PM


Group: Member
Posts: 7,120

QUOTE
For weeks, critics said Wall Street’s big rally made no sense when the economy seemed set for only more despair. On Friday, it got a bit of validation.

The S&P 500 jumped another 2.6% after a report said the U.S. job market surprisingly strengthened last month, bolstering hopes that the worst of the recession may have already passed. Employers added 2.5 million workers to their payrolls, when economists were expecting them instead to slash another 8 million jobs.

While economists cautioned that it’s just one month of data and that many risks still loom on the long road to a full recovery, the report gives some credence to the optimism that’s been building among stock investors that the economy can climb out of its current hole faster than forecast. That hope has been a big reason for the S&P 500’s rally of more than 40% since late March.

The S&P 500 is now down just 5.7% from its record set in February after being down nearly 34% earlier this year when recession worries were peaking....
smile.gif 👍
  Forum: Macro Factors

Poll: The Banks
nipper
Posted on: Jun 6 2020, 09:25 AM


Group: Member
Posts: 7,120

COVID-19 through the lens of Major Bank 1H20 results

Summary

QUOTE
The underlying performance for the major banks was solid for the first six months of fiscal 2020 (1H20). Operating income was broadly stable half-on-half as largely flat net interest margins were met with soft, yet still positive, volume growth.

Performance will soften in the near-term as mortgage and other loan deferrals take effect in response to a rising number of furloughed individuals, although government support to date appears to be filling the gap left by a loss of income due to a lower number of hours worked. Provisions (credit losses) rose sharply in an attempt to reconcile with an uncharted outlook-a government-enforced shutdown, which is temporary in design, but whose impact will likely persist for years.

Further provisions may indeed be required as current levels are well-below those raised in the early 1990's when unemployment was last in double-digits. However, the composition of unemployment and unprecedented levels of forbearance and support from both lenders and the government is likely to temper that need, somewhat.

Capital preservation was the main focus as ANZ and Westpac took the unprecedented step of deferring payment of ordinary dividends to shareholders (NAB reduced its dividend by more than 60%). Although we expect dividends to resume in 2H20, we would not view as a base case that shareholders will recoup the deferred component. We would also not rule out further capital raisings, which would clearly benefit creditors.

The major banks provided base case and downside economic scenarios (year-end estimates for unemployment, output and house prices) and the impact of those scenarios and estimates on their respective regulatory capital ratios (a measure of their solvency).

The scenarios and estimates provided are not designed to provide a false sense of precision. However, they do provide us with a view of the capacity to absorb further provisions, if required. On this basis, we believe the major banks would have sufficient levels of capital to absorb a further increase in provisions as envisaged in modelled downside scenarios.

Given the capital headroom above the point at which an issuer would be required to either write-off or convert some or all of its subordinated debt to common equity, we believe the more severe risk to creditors of either deferred coupons (in the interim) or conversion/write-down of principal at a later point is very low. As such, we remain comfortable with major bank debt-Tier 1 hybrids and Tier 2 subordinated debt.
http://thewire.fiig.com.au/article/2020/06...nk-1h20-results
  Forum: Investment Discussion

nipper
Posted on: Jun 5 2020, 09:00 PM


Group: Member
Posts: 7,120

QUOTE
Australia’s biggest health company, CSL, says it can produce up to 100 million doses of a COVID-19 vaccine by the end of next year if clinical trials in Australia and in high-infection areas overseas are successful.

CSL has struck a partnership with the Oslo-based Coalition for Epidemic Preparedness Innovations (CEPI) and University of Queensland to fast-track the ­development of a COVID-19 vaccine, catapulting it to the forefront of the global battle to fight the coronavirus.

But CSL chief executive Paul Perrault said that while the company and UQ had won international endorsement, it was not a race against other vaccines in ­development.

“This is a race against the virus and there will be multiple vaccines to supply the globe,” Mr Perrault said. “We don’t know enough about the virus today to know how long it will be around, if there will have to be additional doses of vaccines in the future, and so it is imperative that everybody work as hard as they can collaboratively.” The agreement formalises CSL’s commitment to lend all its resources to UQ’s vaccine research effort, and comes 25 years after CSL and UQ partnered to develop the cervical cancer vaccine Gardasil.

Meanwhile, CEPI has provided UQ up to $US10.6m ($15.16m) to develop its “molecular clamp” vaccine platform, a transformative technology patented by UniQuest, UQ’s technology transfer company, that enables rapid vaccine design and production.

Already early preclinical results in mice have shown their COVID-19 vaccine candidate produces high levels of antibodies that can neutralise the virus, which has killed 383,000 people worldwide.

UQ is now on track to launch a phase 1 clinical trial next month, which will involve 120 patients, and be funded by CSL and CEPI. While initial results are promising, Mr Perrault cautioned that there was no guarantee of success.

“Research is risky, even at the best of times,” he said. “While initial results from UQ’s research are very promising there remains a number of critical milestones ahead before we can ­declare victory with an effective and safe vaccine to protect people from COVID-19.”

The phase 1 trial will test the safety of the vaccine and also help determine the correct dosage. If that is successful, the vaccine will proceed to phase 2 trials, involving 800-1000 people.

UQ professor Paul Young said that unlike the phase 1 trial, which would be conducted in Brisbane, the phase 2 trial would be performed overseas.

“Fortunately right now in Australia the infection rate is pretty low, which is great. But to do the phase 2 efficacy study we need to do it in parts of the world or a part of the world where there are infections taking place,” Professor Young said.

“We are looking very hard with the clinical team now at which countries or cities the studies be done. It will have to be done where there are both infections but also where there is good health infrastructure and where we can gather high-quality data.”

CSL chief scientific officer Andrew Cuthbertson said the company hadn’t budgeted the full cost of the vaccine development.

UQ vice-chancellor Peter Hoj said the vaccine development was at a “critical juncture”.

CEPI chair Jane Halton said multiple vaccine research efforts were needed to defeat the virus.
  Forum: By Share Code

nipper
Posted on: Jun 5 2020, 10:10 AM


Group: Member
Posts: 7,120

another piece looking at the situation

Why the outlook for shares is positive
QUOTE
Investor sentiment has changed noticeably in recent weeks. The fear and panic that took hold in the early days of the COVID-19 pandemic, which caused average share prices to collapse by a third or more, has eased.

At the time of writing, US shares have regained two-thirds of what they lost in five weeks to March 23 and our market a bit over half.

Investors have been buying shares in companies able to grow earnings during the pandemic (Amazon, Microsoft and Netflix have moved to new heights) and, very recently, there's been a recovery of interest in selected companies paying good dividends and in many cyclical businesses with depressed share prices.

Is this global rally in shares sustainable or a false dawn?

Certainly, there's a lot of gloomy commentary. The sharp slump in economic activity brought on by the pandemic is still widely seen by many investors and commentators as the start of a deep and long-lasting recession in the global economy. And we are frequently told that, when recovery comes, it won't be V-shaped, but L-shaped or like a wide U.

My view is shares were oversold in the panic. Their recent rebound may have run a little too far. But there are quality shares worth buying — even more so in coming market sell-offs.

The huge sell-off of shares in February and March resulted from the early shock and fears as COVID-19 spread quickly.

The pandemic and the lockdowns introduced to contain it were, correctly, seen as extremely serious, and would impose huge human and economic costs, including causing the quickest and steepest decline in global GDP ever documented.

Early on, some medical research groups produced frightening estimates of the numbers of people who would be affected by the virus. The influential researchers at the Imperial College in London pointed to the prospect of 2.2 million deaths in the US, 500,000 in the UK and 50,000 in Australia. Last week, those forecasts were being questioned by many: the number of deaths in the three countries stood at 101,000, 37,460 and 103 respectively.

The scale of budgetary and monetary actions put in place by major economies since March is much larger than was allowed for.

The US and Japan have legislated for budget deficits in excess of 10 per cent of their GDP; and all central banks, including China's, are championing low interest rates and wide-ranging innovative support to liquidity and lending. A few forecasters have recently dampened their extremely pessimistic views on the depth or duration of the global slump, and that's helped to lift sentiment in investment markets.

Global GDP declined in the March quarter and in the June quarter will contract by the biggest percentage ever recorded. However, provided the pandemic continues to weaken its grip in the major countries, global growth should be positive in the second half of this year and again in 2021 — though uneven by industry and so modest that analysts will probably need to further reduce their forecasts for aggregate profits.

Around the world, investors will be keeping close watch on the number of people infected by the virus, particularly in the US and Europe. If those numbers keep trending down, attention will focus on the impact of the relaxation of lockdown rules and job creation. It's a two-sided coin: prospects for global growth and market sentiment would sour quickly if infections from the virus in the US and Europe moved higher; but continuing declines in those numbers would lift confidence in the global outlook, particularly if a vaccine is discovered.

Given the scale of the COVID-19 disruption, unemployment is likely to remain high for some time; and global growth could be dampened by the worsened tensions between China and Western countries.

Treasury's costly error

Australia has done well in containing the spread of COVID-19. We have taken big steps to support businesses and many people on low incomes. But the enormous error (of $60bn, or 3 per cent of GDP) by Treasury and the tax office in the costing of the JobKeeper program has dented the credibility of the policy package.

Investors need anticipate very weak numbers on the performance of the economy in the June quarter — at first in the high-frequency statistics on jobs and consumer spending, and later in GDP numbers released in September.

But economic conditions should rebound soon after mid-year, as the effects of the fiscal boost come through. Indeed, the "October cliff" could turn out to be less of a problem than is feared, given pressures on the government to extend its fiscal largesse in the October budget.

All this suggests the medium-term outlook for shares is broadly positive, even if the current rebound is challenged by statistics on the tough times of the June quarter. And recent expectations of average house prices in Australia falling 15-30 per cent also seem too pessimistic.

Don Stammer
  Forum: Investment Discussion

nipper
Posted on: Jun 4 2020, 07:43 PM


Group: Member
Posts: 7,120

Chairman Chris Vonwiller has sold two million shares for "a number of personal reasons" and delivered himself a $58 million payday after selling at $29 a share. He remains the company's largest shareholder with approximately nine million shares, or around 7.5 per cent of issued capital. His remaining stake is worth around $272 million.

Appen chief executive Mark Brayan sold 95,535 shares, pocketing $2.9 million, to satisfy tax obligations and diversify his personal investments. He sold at $30.60 a share.

Non-executive director Bill Pulver sold 275,000 shares, delivering a windfall of around $8.4 million. He sold at $30.68 a share

Appen's share price closed at $30.48. Shares have rallied from a low of $17.14 on March 12.
  Forum: NZX

nipper
Posted on: Jun 4 2020, 02:56 PM


Group: Member
Posts: 7,120

Magellan hails new era for active ETFs with Airlie launch
QUOTE
Funds management giant Magellan has heralded the arrival of the Quoted fund era with the listing of its Airlie Australian Share fund on the stock market.

The Australian equity fund has existed as an unlisted fund but it is now concurrently available for investors to buy and sell on the exchange in addition to the traditional application and redemption process.

Quoted funds have been billed by some as a potential game changer in funds management as it allows managers with open ended unlisted funds to raise money on the exchange.

Magellan chief executive Brett Cairns told The Australian Financial Review that quoted funds were the "next evolution" in accessing funds management products following the advent of listed investment companies, unlisted funds, exchange traded funds and active exchange traded funds.

"It's a logical extension and simplifies access for investors and provides more choice," he said.

Fund administrator Mainstream said it invested heavily in creating the single system that could handle listed and unlisted funds in a repository with a share registry allowing exposures to be interchanged.

"An investment manager of an unlisted unit trust can now also have access to listed distribution channels without paying for dual fund structures or bespoke messaging systems,” said Martin Smith, the chief executive of the fund administrator, Mainstream.


The Quoted Fund structure has been speculated as being an integral part of Magellan's future plans to deliver retirement products.

Magellan also reported on Thursday that its assets under management had grown from $96.9 billion to $98.45 billion in May, of which Australian equities account for $7.09 billion. In May, the group experienced net outflows of $288 million.

The Airlie Australian Share Fund will trade under the ticker AASF as of Thursday
  Forum: By Share Code

nipper
Posted on: Jun 3 2020, 04:06 PM


Group: Member
Posts: 7,120

wow, nearly a decade since people sensibly didn't comment on this plaything.
Takeover offer at 80c may put it away, or even a second bidder emerge?
  Forum: By Share Code

nipper
Posted on: Jun 3 2020, 10:23 AM


Group: Member
Posts: 7,120

HAS has signed up a German auto company
QUOTE
binding Master Agreement (MA) with one of the leading German automotive Tier 1 supplier, Schaeffler Technologies AG (Schaeffler) for the targeted supply of its MREC, being the product mined and processed from the Company's Yangibana Project in the Gascoyne region, Western Australia.

This Master Agreement governs in general the purchasing, scheduling, quality compliance and regulations, and ethical business conduct between Hastings and Schaeffler.

With the signing of this Master Agreement, Schaeffler also continues to support Hastings in its eligibility for the German government's untied loan guarantee scheme (known as UFK) in its project financing for the construction of its mine and processing plant in the Upper Gascoyne of Western Australia.

Since the announcement of the MOU in June 2019, Schaeffler and Hastings have expressed their joint commitment to work together on a long term partnership to enable Schaeffler to develop an independent supply chain for its e-motor business for the emerging Electric Vehicle industry. Neodymium and praseodymium are critical raw materials used in the manufacture of permanent magnets, the key component found in electric motors.

Schaeffler is a global automotive and industrial supplier of high-precision components and systems in engine, transmission, and chassis applications, as well as rolling and plain bearing solutions for a large number of industrial applications, primarily focussed on the automotive industry.
now the hard part
  Forum: By Share Code

nipper
Posted on: Jun 3 2020, 10:10 AM


Group: Member
Posts: 7,120

AUD safe haven?
also Trade tilting our way?
And no Aussie tourists leaving for Nth Hemisphere to spend Kids Inheritances.
  Forum: Macro Factors

nipper
Posted on: Jun 2 2020, 09:43 PM


Group: Member
Posts: 7,120

Copper trading in New York jumped more than 2% to $2.4775 a pound ($5,460 a tonne) in afternoon trade, bring the bellwether metal’s gains since its mid-March low to more than 25%.

CNBC reports Bank of America analysts increased their price forecast for copper in 2020 by 5.4% to $5,620 per tonne.

Given its widespread use in industry and construction, the expected contraction in the global economy this year could translate into double digit declines in copper consumption according to BofA:

However, they questioned whether falls in purchases to such a degree were realistic, and suggested that while Western economies may not completely mirror the rebound seen in China, the easing of lockdown measures would likely facilitate a rise in raw material purchases around the world.

QUOTE
“We also note that the current recession is different to the usual downturns on various other metrics: the epicenter is in services, not manufacturing; governments are gearing up to implement remarkable fiscal stimulus packages, reflected in China’s NPC and Europe’s Next Generation EU initiative,” the note read
  Forum: Macro Factors

nipper
Posted on: Jun 2 2020, 09:27 PM


Group: Member
Posts: 7,120

Not sure self loathing is an admirable trait.

To me, if the world has to split, and we do seem to polarise, then the division would be along the lines of Aspirational and Entitlement based. I align with the former, not the latter.
  Forum: Off Topic Chat

nipper
Posted on: Jun 2 2020, 06:05 PM


Group: Member
Posts: 7,120

Magellan Financial Group co-founder, Chris Mackay, has quietly turned extremely bearish on equities, switching almost half the holdings in his $1.6 billion global equities fund, building a 46.4 per cent cash position as of May 29, mostly held in US dollars.

At the start of the year, the fund's cash levels were just 2.2 per cent, implying the manager sold nearly half his equities holdings over 2020. Through May, Mr Mackay's fund sold $192.8 million worth of assets with purchases of less than $1 million in a near all-in bet on another market correction.

He suggested the market was too optimistic over the likelihood of a COVID-19 vaccine.

"Business owners, political leaders and the general public appear to be more optimistic, around the world, as are recipients of fiscal payments travelling hundreds of miles to queue for hours for gaming venues reopening."

Mackay further justified the sale by arguing the virus will have long-term economic consequences.

"Heavily populated cities, globalisation and widespread global travel are crucial for ongoing economic growth and economic sufficiency for billions of people, but they are the fuel for future airborne viruses spreading. "Longer term, even if this pandemic is promptly brought under control, conditions for ready transmission remain."

He went on to attribute the shock rise in global equity markets over May, which included a 9.1 per cent return for the Nasdaq, partly to the rising influence of exchange traded funds (ETFs). "ETF trading is almost never associated with fundamental analysis of the underlying values compared with market prices of the individual components."

Mr Mackay also argued the unprecedented fiscal and monetary policy response to the pandemic may have long-term consequences that the short-term focused market has not priced in.

"Cyclicality may be disguised and underestimated during the heaviest phases of fiscal and monetary stimulus," he told investors. "Historically there have been eventual limits, for example to massive bond issuance, although relatively unconstrained issuance and central bank buying may go on for extended periods. "The implications for US markets are unknown if, for example, 10-year bond rates move to say 2 per cent from 0.6 per cent. The last 30 years in Japan do not support a favourable thesis for sustained economic earnings and market growth, although the economic and market differences between leading US companies and Japan are meaningful."

Under the fund's investment limits, no single investment in a company should exceed 10 per cent of the NAV, or 20 per cent given permission from the board. MFF Capital has not publicly disclosed any hard limits on cash holdings.

Mr Mackay told investors at the end of financial 2019 that higher market prices, and sustained low-interest rates, meant that his expectations for future medium-term returns were lower.
  Forum: By Share Code

nipper
Posted on: Jun 2 2020, 04:46 PM


Group: Member
Posts: 7,120

Brickworks fining the present environment tough

QUOTE
In response to the impact of the Coronavirus pandemic:
• We have reduced production to control stock levels.
• In the United States we have used this opportunity to accelerate plant rationalisation activities that were already planned.
• Since the start of the year, we have let go over 200 employees. These redundancies represent around 10% of our workforce, and an annualised
reduction in our cost base of around $20 million.
• We have delayed all non-contracted capital spend indefinitely.
• During the past two months we have accelerated various initiatives across the Group, including digital sales and marketing efforts, new product development and online training and development programs.
• We are re-assured by the response of Governments in Australia and the United States ... both have indicated that construction is integral to the post COVID-19 recovery.
• we believe that the construction and housing sectors will emerge as one of the stronger and more resilient sectors within the economy.
note this construction sector is only about 30% of BKW , with SOL holding and Industrial Property Trust the rest
  Forum: By Share Code

nipper
Posted on: Jun 2 2020, 10:22 AM


Group: Member
Posts: 7,120


QUOTE
CSL is searching for plasma from recovered coronavirus patients as companies across the United States turn to higher payment rates and free rides to lure donors into collection centres.

The exact going rate for this plasma is not known, with CSL saying the value depends on a number of factors, including location and demand. However, plasma donations tend to pay as much as $US50, or up to $US70 to first-time donors and those with in-demand antibodies.

"Recovered COVID-19 donors are compensated at the same level as other speciality plasma programs (such as Anti-D and Rabies), which is at a slightly higher rate than normal donors," a CSL spokeswoman said....

Over the past month, collectors across the US have been urging donors to return to centres, assuring them coronavirus safety measures are in place. The sector has also launched a campaign for American donors called "The Fight is in Us" to encourage those that have beaten COVID-19 to donate.

"In support of those donors, the Global Plasma Alliance (which CSL is a member of) has partnered with ride sharing service, Uber, to provide complementary rides to and from plasma collection centres for those who are potentially eligible to donate convalescent COVID-19 plasma," a CSL spokeswoman said.

CSL is also collecting recovered donor plasma in Australia, though these donors will not get paid. It needs about 10 per cent of the 6000 Australians who have recovered from the virus to donate at least once so it can start research into a hyperimmune treatment. It said while early donations have been promising, more are needed.



  Forum: By Share Code

nipper
Posted on: Jun 1 2020, 04:07 PM


Group: Member
Posts: 7,120

QUOTE
Iress IRE has launched a takeover bid for Onevue Holdings at 40c per share. The offer values the company at $107m.

The price is a 66.7 per cent premium to the wealth manager’s last closing share price of 24c.

The friendly deal sees Iress, a financial software business, gain access to OneVue’s wealth management software.

Iress will raise $170m to help fund the transaction, with Goldman Sachs underwriting a $150m placement at $10.42, a 7 per cent discount to its last closing share price.
The deal is expected to conclude in late September.
  Forum: By Share Code

nipper
Posted on: Jun 1 2020, 03:36 PM


Group: Member
Posts: 7,120

I was planning to go fishing in my new Zegna suit, but you seem to imply they are mutually exclusive.
  Forum: By Share Code

nipper
Posted on: Jun 1 2020, 01:45 PM


Group: Member
Posts: 7,120

One of the biggest shake-ups in the influential global indices ­operated by MSCI in years has triggered a flurry of share moves on the ASX as fund managers in Australia and offshore scramble to readjust their portfolio.

The index shake-up is being blamed for the massive volume of shares changing hands on Friday with nearly 10 per cent of companies including Boral and Incitec Pivot changing hands in the last few minutes of trade. The changes, which has seen buy now pay later company Afterpay and gold miners Evolution Mining and Northern Star emerge as the biggest winners, is expected to be felt over coming days.

The index changes, which occur twice a year, took effect from the close of trade on Friday.

The MSCI “is one of the most followed indexes in the world and billions of dollars follows what they do”, said Bell Potter director of institutional sales Richard Coppleson. He noted that with over $US1.6 trillion benchmarked on MSCI indexes by global fund managers, small changes could often have a significant effect.


Under the changes outlined by MSCI last month, three stocks were added to the key MSCI Australia index and eight were removed.

Afterpay, Evolution and Northern Star were added to the main country index. Key removals were Alumina, Bendigo and Adelaide Bank, Boral, Challenger, Flight Centre, Harvey Norman, Incitec Pivot and Worley
  Forum: Investment Discussion

nipper
Posted on: Jun 1 2020, 01:33 PM


Group: Member
Posts: 7,120

After cap raise, a SPP. I took part in it; I committed the full amount which was dialed back to $11k seeing the trading price was well above $2.20 offer. There was a limit and like other offers, scale back loomed.

The decision was to accept all money so $1.85 mill taken in rather than the original $750k.

... Trading has held up and closing on $3.70 which is a new high. ....so I can't complain.
  Forum: By Share Code

nipper
Posted on: Jun 1 2020, 01:27 PM


Group: Member
Posts: 7,120

Took part in the SPP; I committed the full $30k seeing the trading price was well above $9.50 offer. But, as with prior offers, scale back loomed. Ended with less than 25% or $6772.

Oh, well. Trading has held up and closing on $14 again so I can't complain
  Forum: By Share Code

nipper
Posted on: May 31 2020, 10:42 AM


Group: Member
Posts: 7,120

Home of the hateful, fearful and heavily armed

(pt 1)
QUOTE
The rise of militias and armed protesters across the US is sometimes seen as a fringe right-wing issue, but it is much broader. Armed groups have formed across the political spectrum, worsening divisions the coronavirus has exposed in American society.

As I write, there are 1.7 million coronavirus cases in the US and more than 100,000 deaths. The little county where I live — only a half-million people, in a part-urban, part-wilderness area of the Rocky Mountains — has a death toll higher than Australia and New Zealand combined. And this is one of the safe places, positively benign compared with hot spots such as New York or New Jersey with deaths in the tens of thousands.

Second to its health impact, the economic crisis wrought by ­government-imposed lockdowns has grabbed the most attention: 40 million Americans were forced on to the dole in the past 10 weeks. The job market, strong until mid-March, has fallen off a cliff. A flood of bankruptcies is sweeping US business; analysts expect a wave of municipal bankruptcies as tax ­revenue collapses. Congress has committed $US2 trillion ($3 trillion) in crisis spending, even as public debt nears $US30 trillion, or roughly 120 per cent of gross domestic product. If the first wave of the coronavirus tsunami was its health effect, the second — economic devastation — may be worse. But there is a third wave coming: the possibility of armed conflict towards the end of this year, when the combined health and economic impacts of the crisis will peak amid the most violently contested presidential election in memory.

Protesters, some heavily armed, are out in force to demand reopening of the economy. The husband of one leader posted a Facebook video this week expressing his readiness to take up arms against the government to prevent a "new world order" being imposed through lockdowns.

There were already many militia of varying political complexions across America; one pro-militia website lists 361 groups across all 50 states. Membership surged after the 2008 financial crisis, then accelerated as thugs from both political extremes fought each other with baseball bats, bicycle chains and pepper spray in the streets of Washington DC, Settle, Portland and Detroit. The deadly "Unite the Right" rally in normally sleepy university town of Charlottesville VA in August 2017 bought the danger home to many Americans, but the trend was longstanding.


Rioting


Rioting among groups such as Antifa (on the anarchist left), Patriot Prayer and the Proud Boys (on the alt-right) and mass demonstrations by issue-motivated groups such as Black Lives Matter, ­Extinction Rebellion and the Women's March kicked into high gear after Donald Trump's election.

Far-left militias such as Redneck Revolt and the John Brown Gun Club emerged, copying the methods and military-style weapons of right-wing militias while opposing their politics. Both far-right and far-left armed groups were at Charlottesville, with ­cadres of gun-carrying militants guarding protesters on both sides and a third-party "constitutionalist" militia, the Oath Keepers — composed mainly of military and law-enforcement veterans — standing by as self-appointed umpires.

In the west, a separate rural militia movement had already coalesced around "sovereign citizen" groups that rejected federal authority. Despite media portrayals of its leaders as racially motivated, in fact the sovereign citizen ideology is neither left nor right in a traditional sense — it might better be described as a form of militant libertarianism with roots in the self-reliant cowboy culture of the old west. In April 2014, a dispute over grazing rights in Nevada triggered an armed stand-off between militia and federal agencies including the Bureau of Land Management and the FBI. This dispute — over federal attempts to impound the cattle of a rancher named Cliven Bundy — brought hundreds of militia members from across the country to Nevada where they surrounded federal agents, trained weapons on them and forced them to back down.

The 2014 stand-off ended in a bloodless militia victory, but almost two years later Bundy's son Ammon led an armed occupation of the headquarters of a federal wildlife refuge in southeastern Oregon. This time, things went the other way. The occupation prompted a six-week siege by federal and state agencies in January-February 2016. It resulted in the death of LaVoy Finicum, a charismatic Arizona rancher whose killing, captured on government aerial-camera footage that appears to show him with hands raised in surrender before being shot, made him a martyr.

Though Trump is as much a symptom as a cause of America's toxic polarisation, the passions he inspires among friend and foe alike have exacerbated it: during the 2016 election campaign, ­Arizona militias mounted armed patrols to support his border wall. In response, Redneck Revolt held a heavily armed show of force in Phoenix, Arizona, later posting a YouTube video showing members shooting semiautomatic rifles at targets displaying alt-right symbols. A few months later, Antifa convened an "anti-colonial anti-fascist community defence gathering" near Flagstaff, Arizona, that included weapons training and coaching in anti-police tactics. Today, far-left and far-right groups operate within close striking distance of each other in several border states and in "contested zones" including the Pacific Northwest, parts of Michigan, Pennsylvania, Virginia and the Carolinas.

The pandemic — and the grievances inspired by heavy-handed responses to it — have brought these tensions to a head. Camouflage-clad militia sporting semiautomatic rifles and body ­armour and riding in military-­surplus trucks joined an armed protest against the governor of Pennsylvania in April. Similar protests took place in Ohio and North Dakota. A week later demonstrators, some carrying AK-47 rifles, swarmed into the state ­capital in Lansing, Michigan, to confront politicians. A racial edge also emerged: a week after the Lansing incident a group of African-Americans, armed with AR-15 rifles and automatic pistols, mounted a show of force outside the Michigan State Capitol building to support a black member of the legislature. Class inequities, which track closely with racial disparities here, have prompted socialist groups — notably Antifa but also traditionally nonviolent Trotskyist and anarchist networks — to arm themselves for an incipient revolutionary moment.
  Forum: Off Topic Chat

nipper
Posted on: May 31 2020, 10:28 AM


Group: Member
Posts: 7,120

Home of the hateful, fearful and heavily armed
(.....pt 2)
QUOTE
In Minneapolis, the killing by white police officers of an unarmed black man, George Floyd, brought thousands of protesters on to the streets for several nights of rioting, with multiple buildings and cars burned and shopping malls and restaurants looted. By Thursday, militarised police were on the streets firing tear gas and rubber bullets against vociferous opposition. At least one person has been killed in the riots and the Minnesota National Guard is expected to join the police in attempting to restore order.

Thus, far from being a purely right-wing phenomenon, rifts within US society that are most stressed by the coronavirus — urban versus rural interests, racial and class tensions, state overreach versus anti-government militancy, far left against alt-right, "collectivist" coastal elites versus rugged individualists in "flyover country" — align with pre-existing grievances. And heavily armed ­actors across the spectrum are poised to exploit them.

One reason for the overemphasis on right-wing extremism, I believe, is that analysts often mis­characterise armed actors as "hate groups". It is absolutely true that the intense hatred from right-wing extremists dwarfs most other groups. But the focus on hate is a misunderstanding of what drives violence in internal conflicts.

As Stathis Kalyvas demonstrated a decade ago in The Logic of Violence in Civil War, the worst atrocities are driven not by hate but by fear. Fear of other groups, encroachment of those groups into one's territory and collapse of confidence in government's ability to impartially keep the peace are the key factors that provoke communal violence. Hate follows and rationalises fear, not the other way around. And fear of the coronavirus, alongside the demonstrable inability of government to keep people safe, is driving today's growth in armed militancy.

Like Iraq, like Somalia

To me, current conditions feel disturbingly similar to things I have seen in Iraq, Lebanon, Libya, Somalia and Colombia. Indeed, the theory of guerrilla and unconventional warfare fits today's situation all too well.

If we visualise an armed movement as a pyramid, then the thousands of protesters on the street (and the tens of thousands who support and sympathise with them but stay home) represent the mass base. A smaller group of organisers and support networks (physical and virtual) plays an auxiliary role further up the pyramid. The armed, gun-toting element is smaller still, but higher in skill, weaponry, organisation and motivation. It's worth remembering that almost three million Americans served in Iraq and Afghanistan, coming home familiar with urban and rural guerrilla warfare to a country where 41 per cent of people own a gun or live with someone who does.

The US has no national firearms register, so only estimates are possible, but analysts believe around 100 million firearms are in private hands in the US, and hundreds of billions of rounds of ammunition. Given widespread com­bat experience from the war on terror, this reservoir of military potential sets the US apart from any other Western democracy.

The pandemic has seen a surge in gun purchases, with background checks spiking to their highest number. Many of these are first-time buyers from the ­pro­gressive end of politics, who traditionally shun firearms and have little knowledge of weapon safety.

Racial war, class war

More worrying, on left and right, are underground groups including so-called "accelerationists". These tend to be small, secretive and far more violent than the militias or mass movements. They follow a decentralised command-and-­control philosophy known as "leaderless resistance" that was pioneered by far-right groups in the 1980s but has since been taken up by terrorists across the political spectrum, including jihadists. Their goal is to accelerate the collapse of a social order they see as doomed, by bringing on a racial war, a class war or both.

Underground networks operate using a clandestine cell structure, and communicate via the deep web and tools such as Telegram or RocketChat, secure-messaging apps that have become havens for extremists as more open channels, including chat rooms such as the neo-Nazi forum Iron March, have been shut down.

Language policing on social media has not only pushed accelerationist groups underground; it has created a whole new language.

The term "Boogaloo" is widely used for the coming civil war. Variants — coined to avoid Twitter censors — include "The Big Igloo" or "The Big Luau", the last explaining why Hawaiian shirts are popular among militias. Memes from television ("Winter is Coming", "Cowabunga") are popular, as are meme-based references such as "Spicy Time" or acronyms such as BAMN ("by any means necessary") and BFYTW ("because f..k you, that's why"). Some call the urban guerrilla aspect of the Boogaloo "Minecrafting": Twitter threads seeming to discuss the game may actually refer to the coming conflict — context is everything. Some discussion hides in plain sight on social media: more open, practical and gruesome conversations are left to the deep web, Telegram or neo-Nazi sites such as Daily Stormer, which ­resides on the orphaned former Soviet ".su" internet domain as a way to avoid censorship. Doctoral dissertations could be written on the kaleidoscope of visual symbols used by groups, left and right, to signal allegiances.

Accelerationism has a long history on the Marxist left and among environmental activists such as Earth Liberation Front or Earth First! It has since been embraced by right-wing extremists including 2019 Christchurch killer Brenton Tarrant, whose manifesto included environmentalist ideology and was celebrated by neo-Nazi ecoterrorist group Green Brigade.

Other right-wing accelerationist groups include Atomwaffen ­Division (which has a presence in Australia) and The Base, a white-supremacist group founded in mid-2018 whose name is a play on al-Qa'ida ("the base" in Arabic). FBI agents targeted The Base after its members allegedly sought to ­attack a massive pro-gun rally outside the Virginia State Capitol building in Richmond in January. In a classic accelerationist move, they planned to infiltrate the rally, start shooting both protesters and law enforcement officers, provoke a massacre and thereby convert a peaceful ­(albeit armed) demonstration into a militant uprising.

The group's leader, until recently known by his nom de guerre "Norman Spear", was unmasked in January as Rinaldo Nazzaro, a New Jersey native based in St Peters­burg, Russia, from where he directed cells in Maryland, Delaware and New Jersey. There is no public evidence of any relationship between Nazzaro and Russian intelligence, though his presence in Russia triggered speculation in the media and within The Base itself. But this highlights another risk factor for 2020: the possibility of foreign interference astride the upcoming presidential election.

A new cold war

The US and China are fast descending into a new cold war, as recriminations over the pandemic heighten conflicts that were already acute. Each is seeking to improve its military position against the other: the Chinese navy has ramped up activity in the South China Sea, for example, while US forces mounted more incursions into the area in the past three months than in all of last year. China's history of sponsoring agents of influence in the US and other Western countries (including Australia) and its track record of cyber-espionage and technology theft make it a reasonable assumption that some (with or without official backing) may be considering ways to exploit America's internal tensions. Indeed, it would be intelligence malpractice if they were not.

Likewise, Iran — which lost Qassem Soleimani, head of its Revolutionary Guards covert action arm, the Quds Force, to a US drone strike in January — has been on a path of military confrontation with the US for years. A ­series of incidents in the Middle East and the increasing pain of US economic sanctions motivate Tehran to create internal distractions for the US, relieving pressure on itself. The regime has a history of sponsoring lethal covert action inside the US — most recently in 2011, when Quds Force members recruited a criminal gang in an ­attempt to assassinate the Saudi ambassador by bombing an upscale Washington, DC, restaurant.

Again, there is no public evidence of such activity at present, but ­Iranian operatives watching the US today would be remiss not to consider it.

If interference does occur, US armed groups probably would not know it. Just as members of The Base were dismayed to discover their leader living in Russia, militant groups in the US — many of which are patriotic, albeit opposed to the current character of government — would likely spurn any overt foreign approach. But anonymous funding, amplification of online messaging, offers of training or equipment through "cut-outs" such as tactical training companies or non-government organisations, or "false flag" operations (where agents of one organisation pretend to belong to another) would allow ­hostile foreign actors to inflame tensions.

It is, of course, impossible to say with certainty whether significant violence will occur this year. All we can conclude from the available evidence is that the risk is real and growing. We can also make some judgments about where and when violence might break out and what form it might take.

Given the pandemic health crisis, widespread economic disruption over the northern summer, then a predicted second wave of infection in October-November, peak compound impact — when the combined health, economic and security effects of the coronavirus will be at their worst — will likely run from late October until March-April next year, astride the next election and transition to the next presidential term.

Even without the virus, the election was already set to be a flashpoint; the combined health, economic and security effects of the pandemic could make it far worse. If Trump is re-elected, mass protests are a given, while factions within the militant left might undertake what they term "direct action". As The Base's targeting of January's Richmond rally showed, street protests are fertile ground for provocations. If Trump is defeated, elements of the militia movement or street protesters might also engage in violence.

In "contested areas" — where the territories of left and right-wing militants overlap — we can expect violence irrespective of the outcome. Whether it spreads will depend on level-headed political leadership — and today's hyper-partisan coronavirus debate offers little hope of that. If violence does spread, it will not be a re-run of the American Civil War. Rather, given the multiplicity of groups involved, their geographical overlap and loose structure, we can expect something much more diffuse.

Remember Colombia

Perhaps the best analogy is ­Colombia, which saw 10 years of amorphous conflict from 1948 to 1958, a decade known as La Violencia. Starting as rioting in Bogota — driven by pre-existing urban-rural, left-right, class and racial divisions — violence spread to the countryside as the two main political parties, the Colombian Liberal Party and the Conservative Party, mobilised rural supporters to attack each other's communities. Local governments weaponised police to kill or expel political opponents. Extremists joined in and "conflict entrepreneurs" emerged to prolong and profit from the violence. In the end 200,000 people were killed, two million were displaced and the Colombian Army — after initially staying out of the conflict — eventually stepped in to end the violence, seizing control in a coup in 1953. External actors, including the Cold War superpowers, also interfered.


Colombia is not the only precedent. Last month marked the 25th anniversary of the Oklahoma City bombing, the deadliest domestic terrorist attack in US history. The bomber, Gulf War veteran Timothy McVeigh, claimed to be enraged by government over­reactions at Ruby Ridge (1992) and Waco, Texas (1993), which between them saw law ­enforcement kill 78 civilians including 26 children. He bombed a building that housed the federal agencies he blamed, along with a childcare centre. His comment after his trial — that the 19 children killed, of 168 dead and 680 injured, were "collateral damage" — highlighted his military mindset and intent to trigger an anti-­government uprising. There was indeed a huge rise in militia ­activity. But the callousness of McVeigh's attack made most militias condemn him, and — by ­tarnishing the self-perceived righteousness of their anti-­government cause — undermined the movement he hoped to inspire. He was executed a few months ­before 9/11.

In retrospect, the risk that Ruby Ridge and Waco would trigger a terrorist backlash seems obvious. Analysts warned this year that extremism poses as much risk today as it did in 1995. Ahead of time, McVeigh's attack was far harder to foresee and its specifics impossible to predict. But far from a fringe issue of neo-Nazi nut cases, the pandemic has made the risk of ­violence in 2020 far more widespread, larger in scale and more militarily serious than we might imagine. America may well be in a "pre-McVeigh moment.
  Forum: Off Topic Chat

nipper
Posted on: May 31 2020, 10:21 AM


Group: Member
Posts: 7,120

there's a long article in The Australian about modern USA, written by a 'national security' analyst

Home of the hateful, fearful and heavily armed

Coronavirus is threatening to ignite a tinderbox of grievances in the US. The growing parallels with Iraq, Lebanon and Somalia are real and disturbing.

By DAVID KILCULLEN


https://www.theaustralian.com.au/inquirer

- it's hard to disagree with the conclusions, in some ways. Definitely the possibility of social disintegration looms more likely than before. The portraits of the militia, gangs and extremists is as we all thought, or worse, (IMO).
  Forum: Off Topic Chat

nipper
Posted on: May 30 2020, 03:59 PM


Group: Member
Posts: 7,120

The Case for Gold
QUOTE
...physical gold has zero credit risk, is highly Iiquid, has generated strong long-term returns and has proved to be an effective hedge against a range of unpleasant economic outcomes, of which high inflation is just one.

https://www.livewiremarkets.com/wires/gold-...-inflation-myth

plus; Key similarities (4) and differences (7) between the GFC and COVID-19
  Forum: Macro Factors

nipper
Posted on: May 30 2020, 10:48 AM


Group: Member
Posts: 7,120

Covid-19 has ruffled office sector of property. There was a 40% drop in A-Reits from Feb to late March, though most have clawed the way up a bit.

Are offices a thing of the past and the collegiate way of working now replaced by working from home?

Listed funds with a high exposure to office property include Charter Hall Long Wale, Dexus Property Group, Abacus Property and GPT Group. Australian Unity and Centuria Capital Group are among the managers offering specialist funds.

Listed property conglomerate Mirvac, which is known for its residential expertise, manages more office space than some of the specialist trusts.
  Forum: Investment Discussion

nipper
Posted on: May 29 2020, 08:17 PM


Group: Member
Posts: 7,120

Pent up stress. Barely subsumed social divisions. Toxic politics. Lack of opportunity. Hunger.
  Forum: Off Topic Chat

nipper
Posted on: May 29 2020, 10:38 AM


Group: Member
Posts: 7,120

QUOTE
missed lots of names, geez, i even miss Flower
for a while it was the Lower and Farty show (in my warped way of seeing things)
  Forum: Off Topic Chat

nipper
Posted on: May 29 2020, 10:34 AM


Group: Member
Posts: 7,120

fatigue... now there's a thought. The concept of chatrooms and forums is probably more than 20 years old, and things are moving on.

I'd reckon contributors are getting on a bit, too. We probably fit a certain demographic, and gender. But that's self-selecting, and includes the stayers, those that have found a way to negotiate the market minefields, through highs and lows. Have a bit of time on one's hands is helpful.

I've found the forum useful for storing information. Handy reference points. But then I'm in it for the long term, never felt at ease just trading and prefer the macro overview. Compounding a winner is the way to go. (sell the losers)

I like the collegiate nature of forums. Definitely don't want to go to Twitter or Wordpress or some one-way look at moi site. HC sounds daunting yet infantile and a bit overwhelming. I put stuff up on aussie Stock Forums as well.
  Forum: Off Topic Chat

nipper
Posted on: May 28 2020, 06:40 PM


Group: Member
Posts: 7,120

Or black hole
  Forum: Off Topic Chat

Poll: The Banks
nipper
Posted on: May 28 2020, 02:39 PM


Group: Member
Posts: 7,120

Last few days have been amazing
QUOTE
JP Morgan financial sector analyst Andrew Triggs says the impressive surge in Australian bank share prices this week is "long overdue", with the sector having underperformed the S&P/ASX 200 by 19 per cent from February 21 to May 25.

After a further rise of between 3.8pc and 6.1pc today, the four majors are currently up almost 20pc this week, so it could be said that its underperformance versus the index has been broadly corrected.

Mr Triggs says reasons for the recent strength include:
... reduced tail risk on the domestic economy;
... positioning is light, with domestic institutional investors net sellers of the banks in the three months to March 31 and heavily underweight financials;
....valuations are "undemanding" with unprecedented discounts to book value; and
... Quant fund rotation (from Growth to Value).

"Whether the recovery continues remains to be seen but 1x price-to-book value may be a "ceiling" in the short-term (ex-CBA) given ongoing uncertainty and structural headwinds the sector faces," Mr Triggs says.

In his view NAB is best positioned to benefit from a "less bad" domestic economy, he has an overweight rating on the stock. Westpac is preferred over ANZ in his major bank pecking order, with CBA the bottom pick at Underweight.

... wow, no-one banging on about 'overweight mums and dads"

....
QUOTE
It's been a long time since the financial media in Australia have used words like stunning, staggering and astonishing in the same sentence as Australian banks.

[Yester]day's Chanticleer column in the Australian Financial Review used all three of these adjectives.

  Forum: Investment Discussion

nipper
Posted on: May 28 2020, 12:22 PM


Group: Member
Posts: 7,120

here's a Corporate Action we don't see too often:
QUOTE
AXE will raise up to $3,000,000 at an issue price of $0.60 (60 cents) per new Share. The funds raised from the SPP will be used to increase the pace of our current work programs and to start hiring additional staff to do this work.
At Archer, we are proud of our high level of engagement with shareholders and regularly update shareholders through online platforms and in-attendance events. We have also offered shareholders the opportunity to visit our offices and laboratories and will continue to find more ways to make shareholders feel part of the Company. As part of this strategy, we have decided to undertake a SPP rather than a broker sponsored placement as an SPP gives shareholders an opportunity to participate at a price discount normally reserved for sophisticated and professional investors.
In 2017 AXE completed an SPP at a share price of $0.075 (7.5 cents) per share.
Then completed a subsequent SPP in 2019 at a share price of $0.13 (13 cents) per share.

The Archer closing share price on the last trading day prior to this announcement was $0.685 (68.5 cents) per share
  Forum: By Share Code

nipper
Posted on: May 27 2020, 01:35 PM


Group: Member
Posts: 7,120

QUOTE
Talga Resources Ltd is pleased to advise the Company has entered an agreement with Farasis Energy Europe GmbH, a subsidiary of Farasis Energy Inc, one of the world's leading manufacturers of lithium-ion batteries.

Talga is building a European anode production facility for lithium-ion batteries using the Company's proprietary material technologies, wholly owned Swedish carbon source and 100% electricity from renewable energy sources.

As part of the agreement between Talga and Farasis, Talga will supply coated ('active') anode products for evaluation in Farasis batteries and assessment of potential business development opportunities, primarily in Europe.
But, still at evaluation stage.
  Forum: By Share Code

nipper
Posted on: May 27 2020, 01:24 PM


Group: Member
Posts: 7,120

And in Forbes, though the correspondent is familiar and local

https://www-forbes-com.cdn.ampproject.org/v...ron-ore-boom%2F
  Forum: Macro Factors

nipper
Posted on: May 27 2020, 01:02 PM


Group: Member
Posts: 7,120

Twitter tags Trump tweet with fact-checking warning
QUOTE
QUOTE
A post by US President Donald Trump has been given a fact-check label by Twitter for the first time.

President Trump tweeted: "There is NO WAY (ZERO!) that Mail-In Ballots will be anything less than substantially fraudulent."

Twitter put a warning label under the post and a subsequent tweet under its new policy on misleading information.

Mr Trump responded by tweeting again, saying the social media giant "is completely stifling free speech".

Twitter's notification displays a blue exclamation mark underneath the tweets, suggesting readers "get the facts about mail-in ballots
https://www.bbc.com/news/technology-52815552
  Forum: Off Topic Chat

nipper
Posted on: May 27 2020, 10:56 AM


Group: Member
Posts: 7,120

QUOTE
Iron ore shipments from Brazil have fallen by almost a quarter in May because of the country's coronavirus crisis, which is one of the worst in the world, said Macquarie analyst Serafino Capoferri. Brazil exported 15.27 million tonnes of iron ore in the first three weeks of May, he said. That is down from 19.4 million tonnes in the comparable period of 2019, when exports were already lower than normal following the fatal dam collapse at Vale's mine in Brumadinho.


"The situation in Brazil is pretty much out of control," said Mr Capoferri. He said the pandemic had caused difficulties at the country's mines, which are more labour-intensive and require people to work closer together than mines in Australia.


Vale has said the coronavirus will reduce the amount of iron it is able to produce this year. The company said in late April it will mine between 345 million and 370 million tonnes of iron ore powder and pellets in 2020, around 40 million tonnes less that it previously expected. Brazil as a whole mined 480 million tonnes of iron ore in 2019, according to the US Geological Survey, a fifth of global production and second only to Australia

Pilbara companies are the biggest beneficiaries
  Forum: Macro Factors

nipper
Posted on: May 27 2020, 08:51 AM


Group: Member
Posts: 7,120

What's the old saying; "never waste a crisis".

The CCP playing tough guy when other countries are preoccupied. Shows the true colours.
  Forum: Investment Discussion

nipper
Posted on: May 26 2020, 04:09 PM


Group: Member
Posts: 7,120

Properties and Uses of Boron
Essential Micronutrient ...needed by plants, and used to increase quality and crop yields
Cleaning ... Improves performance of cleaning products
Nuclear Shielding ... Captures neutrons, making it useful in nuclear reactor safety
Spectroscopic ... Absorbs infrared lights, and can be used for energy efficiency purposes
Biostatic ... Limits growth of bacteria and fungi on wood products
Buffering ... Can help to balance acidity and alkalinityGlass FormingMakes glass resistant to heat or chemicals
Anticorrosive ... Can prevent corrosion in many settings
Material Making ... Can be used to make advanced materials such as boron halides or hydrides
Fire Retardant ... Used in materials and coatings to suppress or extinguish flames
Metallurgical ... Can be added to steel and aluminium, or used to make supermagnets
Cross-linking ... Can link alcohols and carbohydrates as part of oil recovery

... There appears to be a huge range of uses, and some are useful. Often cited as used in energy saving appliances, ceramics, electronic devices as well as agricultural enhancement.
American Pacific Borates Limited ABR is an ASX listed company focused on becoming a globally significant specialty fertiliser producer.
  Forum: By Share Code

nipper
Posted on: May 26 2020, 01:59 PM


Group: Member
Posts: 7,120

QUOTE
Street Talk understands the Capital Raising would be strucured as an $18 million placement and a $40 million accelerated non-renounceable entitlement offer and would be fully underwritten.

The offer would be priced at 29¢ a share. NOVONIX shares last traded at 66¢. Morgans was sole lead manager on the deal.

The $86 million NOVONIX supplies materials, equipment and services to the global lithium battery market. It counts ex-Dow Chemical chief executive Andrew Liveris as a board member.

NOVONIX's shares are trading up 112 per cent this month, after the company announced it had filed patent applications for a new method of manufacturing materials used in lithium batteries midway through May


- that's the way to get the money in the door, just after the rapid run-up in price. Hefty discount, though
  Forum: By Share Code

nipper
Posted on: May 26 2020, 09:46 AM


Group: Member
Posts: 7,120

Graphene-enhanced Face Mask


SKU: GrapheneMask0010 $24.95 (pack of 3)


DESCRIPTION
planarTECH & IDEATI's 2AM graphene-enhanced face mask is a patent-pending design that employs a unique coating containing a combination of graphene and other carbon nanomaterials. This coating leverages both the antistatic and known antimicrobial characteristics of graphene to create a unique cotton fabric face mask.

FEATURES:

Anti-Static/Anti-Dust/PM2.5 ... The graphene coating is anti-static, repels dust, and is effective against PM2.5 airborne particulate matter;
Bacteria-resistant Surface ... The graphene coating provides a bacteria-resistant surface, keeping the mask clean and fresh;
Washable 10x ... Cotton fabric is washable and reusable up to 10 times without color fading or loss of the graphene coatings properties;
Thermal Distribution & Water-repellent Inner Layer ... The graphene coating spreads heat evenly across the mask; the inner cotton lining includes a water-repellent coating for additional comfort
  Forum: By Share Code

nipper
Posted on: May 25 2020, 12:53 PM


Group: Member
Posts: 7,120

QUOTE
FGR has gone into a trading halt
and the announcement states this "Trading Halt has been requested by the Company in anticipation of an update on its arrangements with planarTECH"

So what is this planarTECH?
QUOTE
planarTECH is a global leader in providing process and analytical equipment for graphene and 2D materials synthesis, as well as the integration of graphene into everyday products, such as our collaboration with Thailand-based IDEATE on a graphene-enhanced face mask.

Having gained extensive insight into a variety of graphene applications, planarTECH is now poised to enter a new phase of growth. To be part of this, learn more about our crowdfunding campaign at planartech.seedrs.com.
Website is touting the "graphene-enhanced face mask". Relevant and of the moment, yes. But.

There's an office in an industrial estate in Texas, and a street address in Cambridge UK (associated with the Graphene Centre), links to Korea, Singapore, our Deakin Uni.... but I can't help but get the feeling it's small time.

Crowd-funding !!!
  Forum: By Share Code

nipper
Posted on: May 25 2020, 10:52 AM


Group: Member
Posts: 7,120

Last year the Chinese Premier said this in his 2019 NPC speech:

QUOTE
“ We will uphold the one-China principle and the 1992 consensus, promote the peaceful growth of relations across the Taiwan Strait, and advance China’s peaceful reunification”




This week he said:

QUOTE
“We will adhere to the major principles and policies on work related to Taiwan and resolutely oppose and deter any separatist activities seeking Taiwan independence and we will encourage them to join us in opposing Taiwan independence and promoting China’s reunification.”


  Forum: Investment Discussion

nipper
Posted on: May 25 2020, 10:48 AM


Group: Member
Posts: 7,120

QUOTE
"On Thursday, the People's Daily, the official mouthpiece of the Chinese Communist Party, and Xinhua, the state-run news agency, ran commentaries calling for the "tumor" of pro-independence sentiment in Hong Kong to be excised.

Neither specified how this might be done."


https://www.nytimes.com/2020/05/21/world/as...kong-china.html


Chinese press also referred to Australians as dogs.
  Forum: Investment Discussion

nipper
Posted on: May 24 2020, 10:57 AM


Group: Member
Posts: 7,120

Tim Boreham banging the drum on LGP
QUOTE
By Tim Boreham | More Articles by Tim Boreham
With dozens of medicinal cannabis plays now listed on the ASX and with many pretenders along for the ride, the serious exponents need to offer investors more than opaque promises about exploiting the healing herb.

This is ever more the case given the so-called 'green gold' is at risk of becoming a commoditised market – especially in jurisdictions such as the US where recreational pot is widely legalised.

So how do the genuine players stand out above the canopy of chancers?

Little Green Pharma (ASX:LGP) has some genuine pioneering notches on its belt. The Perth-based outfit was the first to produce a home-grown medicinal cannabis product for patient use (in August 2018) and it was also the first to export when it became legal to do so.

"Even today we are the only local producer among the 130 products available," says LGP founder and CEO Fleta Solomon. "There are lots of licences issued and a lot of people growing, but no-one has actually produced the finished medicines."

LGP is also generating meaningful revenue: a unicorn-type rarity in the sector. LGP can also claim another quirky milestone: it was the last stock to list in the pre COVID-19 bull market, with its February 20 ASX debut sneaking in ahead of the record peak the next day.

"People have expressed sympathy that we listed when we did," says Solomon. "But I say it was amazing because if we didn't list then we may never have listed. "We were so fortunate we got the window we did."

Solomon founded LGP in 2016, tapping her entrepreneurial skills honed from building up (and then selling) a workplace health outfit. Along the way LGP acquired precision drug dosing technology from an elderly inventor who was keen to retire.

Under its vertically-integrated model, LGP grows the cannabis hydroponically at its secret licensed facility in WA's south west. The plant material is processed at a third party facility, albeit with help from LGP staff using their equipment.

Currently, the company produces four variants of bottled oils containing various ratios of CBD (cannabidiol) and THC (tetrahydrocannabinol).

CBD is one of approximately 140 cannabinoids which has renowned therapeutic properties dating back thousands of years. THC is the famed intoxicating cannabis component, but also the requisite component to treat conditions such as pain and anxiety.

LGP's operations have all the requisite licences and its manufacturing partner is GMP (Good Manufacturing Practice) certified which enables the company to export to countries within the European Union. Only a handful of other providers are able to do so.

This month, the company received a manufacturing permit from the federal Office of Drug Control (ODC) which allows the company to perform extraction at its own processing facility onsite.

The $10 million raised in LGP's IPO will fund this facility and the company is currently waiting for its expanded ODC cultivation and production permit for its expanded growing facility which will produce enough material for 110,000 bottles a year (compared with 15,000 currently).

In the first six months to 31 December 2019, LGP recorded revenue of $716,000, up 188 per cent on the 12 months to 30 June 2019. The March quarterly statement – the first financial results post listing – showed receipts of $630,000 and operating cash outflows of $2.23 million.

The number of patients treated with LGP's therapies swelled to 3,175 – growth of 1,119 new patients during the quarter.
In the month of March the company sold a record 1,580 of the 50 millilitre bottles, taking the accrued bottles sold to more than 10,450.

The backdrop to the Little Green Pharma story is the gradual acceptance of medicinal cannabis, which is legal in Australia but heavily regulated. Currently, the Therapeutic Goods Administration has approved only one cannabis therapy (Sativex, for multiple sclerosis spasticity). Otherwise, patients need to access the medicine via the regulator's Special Access Scheme, or via a network of authorised prescribers.

While it's up to the doctors to determine the best treatment, "approved indications" include anxiety, cancer-induced nausea and vomiting (CINV), post-traumatic stress disorder (PTSD), epilepsy, insomnia, and wasting.

Solomon says LGP's current products are similar to those that have been around for thousands of years. "We deliberately made it so, because the extensive real-world evidence that exists about how these oils are used makes it easier for doctors to prescribe." She says while the current products are important for building revenue, "down the track the differentiator for us is how the medicines are delivered."

In an exclusive partnership with Curtin University the company is working on ARISE, "a precision dosing methodology that could potentially make cannabis ingredients more bioavailable for the human body."

In the meantime, offshore markets beckon for LGP, via distribution agreements with Germany's CC Pharma and DEMECAN and Astral Health in Britain.

The company recently dispatched Australia's first medicinal cannabis export winning the praise of federal health minister Greg Hunt who is advocating Australian medicinal cannabis as a new export sector. This shipment was sent to Astral Health under a five-year contract which involves supplying product to the fast emerging UK medicinal cannabis market, which adheres to a similar regulatory framework as Australia's. Germany is especially appealing because while cannabis cultivation has only recently been legalised there, it's one of the world's biggest medicinal cannabis markets and prescriptions are generally rebated by health insurance companies.

Despite LGP's progress, the stock remains below the 45c a share IPO price but Solomon says the company's performance should take care of the valuation. "The market has taken a hit but we don't focus on that," she says. "We just know what we are doing and we know we have some really great news coming out."

The company has no debt, $6 million in cash and increasing sales month on month which provides a strong business case.

Solomon says it's rare to come across a business that presents both a commercial opportunity and the ability to make a
social impact. "By that I mean changing the life of patients," she says. "That's the reason the team at LGP gets out of bed every day."
  Forum: By Share Code

nipper
Posted on: May 24 2020, 10:40 AM


Group: Member
Posts: 7,120

Boron/ Borate is one commodity that the Chinese don't dominate.
80% of the market is derived from 2 countries (Turkey and USA)

BORATES –Duopoly market with very few global sources of borates
.. The global boric acid equivalent market is around 4.5m tonnes per annum. Around 20% of this market is for fertiliser application with boron being the second most consumed micro nutrient in North America by value.
.. Turkish Government owned Eti Maden controls the marginal unit of supply and will continue to meet demand.
.. Eti Maden appears to be the only borate producer with meaningful additional capacity capable of meeting additional supply requirements.
..Rio Tinto Borates (majority of US production; approx 20% of global prod) appears to be operating at full capacity with flat supply for over eight years.


Of the ASX listed hopefuls
ORE has borate as a sideshow to lithium
ABR has been getting a move on. Production is targeted for CY21 with construction activities commenced. Shareprice recently ran upINR Ioneer is getting its Nevada project up to speed, but needs a truckload of money to bring it to reality
  Forum: By Share Code

nipper
Posted on: May 22 2020, 11:27 AM


Group: Member
Posts: 7,120

FGR has gone into a trading halt in the middle of the 1;:10 rights issue . It would have to be "material" though the announcement doesn't say anything


(Currently little upside in it as the trades have all been around issue price 13c, though the oppies FGROC are carrying a cent or 2 ... though that may disappear when new ones issued)
  Forum: By Share Code

nipper
Posted on: May 22 2020, 10:44 AM


Group: Member
Posts: 7,120

QUOTE
Over 70 now


In the vulnerable category, for Covid, so getting away from the madding crowd makes sense. Only issue with looking for a bolthole is the services ... healthcare and specialists loom front of mind.
  Forum: Off Topic Chat

nipper
Posted on: May 21 2020, 07:03 PM


Group: Member
Posts: 7,120

Archer Materials Limited (AXE, formerly Archer Exploration Limited) has focus on the development of the Group's advanced materials with a key focus on integrating graphite and graphene in three key growth areas of reliable energy, human health and quantum technology and exploring our mineral exploration projects.
QUOTE
In early May, the stock doubled when it became the first Australian business to be admitted into IBM's Q network, the group of global organisations that are collaborating to develop quantum computing: outfits like Daimler, ExxonMobil, JPMorgan, Samsung and Accenture.

Archer has a board of three, a staff of eight, $2.2m in the bank and costs $150,000 a month to run. Nevertheless, CEO Mohammad Choucair and technology chief Martin Fuechsle appear to be leading in the global race to build a room-temperature quantum computing chip, based on a 2016 idea by Choucair, which is why this tiny Australian firm with almost no money was invited to join the giants in the IBM Q Network....
  Forum: By Share Code

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

Cant find what you are looking for? Show all active topics from the last 3 months


New Posts  New Replies
No New Posts  No New Replies
Hot topic  Hot Topic (New)
No new  Hot Topic (No New)



TERMS OF USE  -  CONTACT ADMIN  -  ADVERTISING