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nipper
Posted on: Yesterday, 07:49 PM


Group: Member
Posts: 6,543

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

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

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

nipper
Posted on: Yesterday, 09:00 AM


Group: Member
Posts: 6,543

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

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


Group: Member
Posts: 6,543

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

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

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

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


Group: Member
Posts: 6,543

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

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

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

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

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


Group: Member
Posts: 6,543

QUOTE
record high

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

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

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

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


Group: Member
Posts: 6,543

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

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

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

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

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

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


Group: Member
Posts: 6,543

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

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

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

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

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


Group: Member
Posts: 6,543

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

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

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

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

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


Group: Member
Posts: 6,543

Doing quite a bit of the heavy lifting

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

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


Group: Member
Posts: 6,543

Interview by Alan Kohler with BAF head

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

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

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

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


Group: Member
Posts: 6,543

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

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

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

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


Group: Member
Posts: 6,543

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

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


Group: Member
Posts: 6,543

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


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

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


Group: Member
Posts: 6,543

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


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

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


Group: Member
Posts: 6,543

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

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

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

The letter describes a typical problem when shorting a biotech.

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

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

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


Group: Member
Posts: 6,543

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

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


Group: Member
Posts: 6,543

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

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

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

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

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


Group: Member
Posts: 6,543

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

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

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

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

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


  Forum: Macro Factors

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


Group: Member
Posts: 6,543

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

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

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

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


Group: Member
Posts: 6,543

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

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

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

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

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

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


Group: Member
Posts: 6,543

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

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

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


Group: Member
Posts: 6,543

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

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


Group: Member
Posts: 6,543

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

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

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

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


Group: Member
Posts: 6,543

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

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

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

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

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

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

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


Group: Member
Posts: 6,543

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


Kwinkydink halolha
  Forum: By Share Code

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


Group: Member
Posts: 6,543

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

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

down 6%
  Forum: By Share Code

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


Group: Member
Posts: 6,543

S&P/ASX All Ords Gold [XGD]

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

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

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

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


Group: Member
Posts: 6,543

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

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


Group: Member
Posts: 6,543

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

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


Group: Member
Posts: 6,543

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

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


Group: Member
Posts: 6,543

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

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

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

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


Group: Member
Posts: 6,543

Hiphopopotamus vs. Rhymenoceros ?
  Forum: Macro Factors

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


Group: Member
Posts: 6,543

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

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

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

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

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

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


Group: Member
Posts: 6,543

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

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


Group: Member
Posts: 6,543

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

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

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

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


Group: Member
Posts: 6,543

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

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

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

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


Group: Member
Posts: 6,543

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

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

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

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


Group: Member
Posts: 6,543

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

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

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

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

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


Group: Member
Posts: 6,543

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

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


Group: Member
Posts: 6,543

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

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

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

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

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


Group: Member
Posts: 6,543

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

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

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

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


Group: Member
Posts: 6,543

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

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


Group: Member
Posts: 6,543

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

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

View image on Twitter

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

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


Group: Member
Posts: 6,543

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

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


Group: Member
Posts: 6,543

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

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

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

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

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

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

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


Group: Member
Posts: 6,543

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

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

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

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

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


Group: Member
Posts: 6,543

Late entrant (patent)

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

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


Group: Member
Posts: 6,543

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

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


Group: Member
Posts: 6,543

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

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


Group: Member
Posts: 6,543

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

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

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

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


Group: Member
Posts: 6,543

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

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

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


Group: Member
Posts: 6,543

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

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

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


Group: Member
Posts: 6,543

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

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

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

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

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


Group: Member
Posts: 6,543

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

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


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

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


Group: Member
Posts: 6,543

QUOTE
REA Group Limited (ASX: REA)

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

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

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


Group: Member
Posts: 6,543

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

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

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

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

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

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

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


Group: Member
Posts: 6,543

The Last Battery Breakthrough for 2019 (we promise)

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

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


Group: Member
Posts: 6,543

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

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

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

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


Group: Member
Posts: 6,543

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

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

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

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


Group: Member
Posts: 6,543

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

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

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

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


Group: Member
Posts: 6,543

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

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

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


Group: Member
Posts: 6,543

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

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

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

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

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


Group: Member
Posts: 6,543

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

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

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

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

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

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


Group: Member
Posts: 6,543

QUOTE
And appearing on CommSec* monthly review

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

*Aust biggest retail broker
  Forum: By Share Code

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


Group: Member
Posts: 6,543

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

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

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

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


Group: Member
Posts: 6,543

The Psychedelic Renaissance

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

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

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

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


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Posts: 6,543

Very keen on MWR:

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

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


Group: Member
Posts: 6,543

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

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


Group: Member
Posts: 6,543

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

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

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

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

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


Group: Member
Posts: 6,543

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

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

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

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

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


Group: Member
Posts: 6,543

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

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

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


Group: Member
Posts: 6,543

Just sold engineering biz to Acciona.

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

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

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


Group: Member
Posts: 6,543

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

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

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

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

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


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

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

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


Group: Member
Posts: 6,543

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

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

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


Group: Member
Posts: 6,543

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

Maybe it was Credit Suisse?
  Forum: By Share Code

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


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Posts: 6,543

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

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

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

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

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


Group: Member
Posts: 6,543

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

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

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

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

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


Group: Member
Posts: 6,543

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

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

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

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

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


Group: Member
Posts: 6,543

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

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

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

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


Group: Member
Posts: 6,543

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


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

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

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


Group: Member
Posts: 6,543

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

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

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

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


Group: Member
Posts: 6,543

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

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

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

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


Group: Member
Posts: 6,543

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

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


Group: Member
Posts: 6,543

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

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

  Forum: Investment Discussion

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


Group: Member
Posts: 6,543

Good News for the Australian Film Industry

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

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


Group: Member
Posts: 6,543

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

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


Group: Member
Posts: 6,543

Madagascar graphite now.

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

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


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Posts: 6,543

Batteries: beyond Lithium

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

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

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


Group: Member
Posts: 6,543

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

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

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

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


Group: Member
Posts: 6,543

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

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


Group: Member
Posts: 6,543

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

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

why would this be so?
  Forum: By Share Code

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


Group: Member
Posts: 6,543

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

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

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

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

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

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


Group: Member
Posts: 6,543

And Investing by Millennials

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

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

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

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


Group: Member
Posts: 6,543

they're called "Remoaners", and don't seem to get it
  Forum: Investment Discussion

nipper
Posted on: Dec 14 2019, 07:43 AM


Group: Member
Posts: 6,543

Some thoughts on silver

https://www.sharecafe.com.au/2019/12/13/com...market-outlook/
  Forum: By Share Code

nipper
Posted on: Dec 14 2019, 07:42 AM


Group: Member
Posts: 6,543

Some thoughts on silver

https://www.sharecafe.com.au/2019/12/13/com...market-outlook/
  Forum: By Share Code

nipper
Posted on: Dec 13 2019, 08:33 PM


Group: Member
Posts: 6,543

QUOTE
"This is a trend we've seen for some time. The cost reduction of [rooftop] solar has surpassed forecasts, but no one predicted it would be this deep, this fast”.

Audrey Zibelman, CEO, Australian Energy Market Operator [manager of the National & Wholesale Electricity Markets]
  Forum: Macro Factors

nipper
Posted on: Dec 13 2019, 02:43 PM


Group: Member
Posts: 6,543

definitely the ASX-listed ETF is doing well ; F100 is up 2%

And, Sterling rocketed 1.85 percent to US$1.342 and by 1.09 percent to €1.202 within minutes of the announcement. The pound has been volatile against both major currencies for several months as markets continue to wait for clarity over Brexit
  Forum: Investment Discussion

nipper
Posted on: Dec 13 2019, 02:25 PM


Group: Member
Posts: 6,543

Seems to kicked it up a gear; some 850k shares traded today, and the gap closing somewhat. Now $1.04, with last EoM NTA at $1.15
QUOTE
..as part of a decision to implement a more significant, long-term commitment to use the Company’s substantial capital resources to seek to ensure the Company’s share price trades close to its NTA:
• it will seek shareholder authority to buy back up to 20% of the Company’s shares on market in the 12 month period the buyback authority relates to;
• the Board will seek this authority at the 2020 AGM at the latest, but may approach shareholders earlier, depending upon how quickly the current 10% buy back authority is exhausted.
  Forum: By Share Code

nipper
Posted on: Dec 13 2019, 12:54 PM


Group: Member
Posts: 6,543

UK election results coming through, and it's likely the Conservative Party will form a government in its own right.
QUOTE
Early results and the exit poll look like a thumping victory for Boris Johnson. It also seems to be an emphatic rejection of Jeremy Corbyn and his far left Labour Party.

The early voting trends have been disastrous for Labour, with socially conservative low income northern and midlands England swinging away from Labour. There also seems to be a swing against Labour in Wales and no recovery for the party at all in Scotland.
.....

In many seats that Labour loses it will lose by a lesser margin than the combined vote of the Liberal Democrats and the Greens in those electorates.

People knew what the consequences of their votes would be. Labour could not consolidate the Remain vote, whereas Johnson did consolidate the Leave vote.

The election was dominated by three issues: Brexit, Corbyn and the National Health Service.

But the (remaining) "remainers" will persist. Sadly.

.
.
.
schadenfreude
/ˈʃɑːd(ə)nˌfrɔɪdə,German ˈʃɑːdənˌfrɔydə/
noun
pleasure derived by someone from another person's misfortune.
  Forum: Investment Discussion

nipper
Posted on: Dec 13 2019, 12:22 PM


Group: Member
Posts: 6,543

This news has arrested the persistent sell off .. up some 15 % and back to around $2.00
QUOTE
NovoSorb BTM has been granted a certificate of conformance (CE Mark) approval for sale throughout UK/Ireland and the European Union.

...with the horrific skin damage for the multiple victims of NZ 🌋 eruption, I read there has been big calls for skin to be used in grafts...
https://www.abc.net.au/news/2019-12-12/arti...ictims/11793114
QUOTE
NovoSorb BTM has been approved for use in all full dermal loss procedures:
• Full thickness burns
• Trauma
• Reconstructive / wide excision surgery
• Revision of scar
• Venous leg Ulcers
• Diabetic foot ulcers
• Pressure injuries
• Any loss of dermis needing repair.
  Forum: By Share Code

nipper
Posted on: Dec 13 2019, 12:11 AM


Group: Member
Posts: 6,543

QUOTE
CSL does not fit the mould of the typical company in the top 200 which pays out 60 to 70 per cent of earnings in dividends. CSL's dividend yield is about 1.5 per cent and its payout ratio is less than 50 per cent.

"We are not a high divvy stock not because we don't want to pay a high dividend," CEO Paul Perreault says. "We want to reward the shareholders, but we also want to balance that against the capital demands because we're a highly capital-intensive company.

"When you look at the size of our facilities and what we have to do, these are massive biologic manufacturing facilities with a lot of stainless steel and filtrators, lyophilisers, pasteurisers and other big, heavy equipment. "We also want to make sure that the R&D investment and the expansion of the translational medicine through our commercial activities is all being invested in."

- trading at 40x forward earnings
  Forum: By Share Code

nipper
Posted on: Dec 12 2019, 05:45 PM


Group: Member
Posts: 6,543

Time lapse for glaciers

https://www-sciencealert-com.cdn.ampproject...limate-inaction
  Forum: Off Topic Chat

nipper
Posted on: Dec 12 2019, 09:39 AM


Group: Member
Posts: 6,543

QUOTE
Nearmap has acquired technology and intellectual property from US-based Pushpin, allowing it to rapidly extract and disseminate roof geometry from its 3D content.

The $US3.5 million acquisition will be used by the company in a variety of ways, including the quoting and fulfillment of roofing projects, determining solar irradiance, planning drone delivery routes and modelling 5G propagation.

"By acquiring Pushpin's 3D geometry extraction technology and pairing it with out rich data, we bring the best of both worlds together at unprecedented scale," said Nearmap managing director and chief executive Rob Newman. "Over the past couple of years, we've evolved our offering into a multi-product portfolio and this acquisition is an important milestone in our approach to continue adding new content types for our customers."
  Forum: By Share Code

nipper
Posted on: Dec 12 2019, 08:54 AM


Group: Member
Posts: 6,543

I think they're trying to soften us up. Apart from Trump, everyone knows the experiment has not succeeded. The original intent a decade ago averted worse, but low rates are throttling "animal spirits''. There's a lot of second guessing, and any Powell Put is no certainty.

Next challenge is, How bad will the next medicine taste?
  Forum: Macro Factors

nipper
Posted on: Dec 11 2019, 07:50 PM


Group: Member
Posts: 6,543

Here's a bit on weather extremes
https://mobile.abc.net.au/news/2019-12-11/i...a-rain/11787874
  Forum: Off Topic Chat

nipper
Posted on: Dec 11 2019, 07:34 PM


Group: Member
Posts: 6,543

QUOTE
Goldman Sachs has initiated coverage on Altium with a 'neutral' rating, saying while it was a market leader with a long runway for growth, it already looked fairly valued. The broker noted the company's transition from a maker of software for the design of printed circuit boards (PCBs) to an integrated platform for managing the design, procurement and manufacturing of PCBs.

GS said Altium's market position, growth outlook, strong returns and net cash position were key strengths but added it needed to exceed its current forecasts to outperform the market due to the fact consensus expectations appeared to be relatively in-line with those forecasts.

"The launch of Altium 365 (November 2019), its success in China and potential M&A will be important future drivers of earnings expectations, but at this stage we do not believe the trajectory is likely to materially deviate from our forecasts," said analyst Ashwini Chandra. "Execution against these key drivers will be important for our future earnings projections."

The broker said it was attracted to the market position and medium-to-long term outlook for Altium, but believed its price already reflected a fair valuation.

- but will they disappoint?

And, as reported elsewhere, is there really a
QUOTE
US$2-trillion market for on-demand electronic design and manufacturing, produced via 3-D printing.
  Forum: By Share Code

nipper
Posted on: Dec 11 2019, 07:05 PM


Group: Member
Posts: 6,543

A bit of lateral thinking here?

Millennials should brace for a 'bucket of cold water' when it comes to their investments
QUOTE
Betterment, for example, recommends a retirement-focused portfolio of 90% stocks and 10% bonds for a 30-year-old with a $50,000 income. Vanguard rates its similar 90/10 portfolio as having a risk potential of four out of five, with five being the highest risk category.

A low-risk portfolio is considered to have up to 40% in stocks, while a moderate risk is a portfolio with 40% to 60% invested in the market. Portfolios with more than 70% invested in stocks are generally considered high-risk.

However, other robo services provide a more balanced portfolio. Fidelity Go recommends a portfolio of 70% stocks and 30% bonds for a similarly situated potential investor who responded their risk tolerance was a 5 on a scale of 1 to 10. Meanwhile, Schwab's Intelligent Portfolio product recommends investing 65% in stocks, 24.5% in bonds, 2% in commodities and about 8.5% in cash for a millennial saving for retirement and moderately aggressive.

https://www-cnbc-com.cdn.ampproject.org/v/s...ing-habits.html

- lots of index huggers and neophytes don't know what can/ will/ is going to hit them (sometime) ...when panic> euphoria becomes panic> panic
  Forum: Investment Discussion

nipper
Posted on: Dec 11 2019, 04:05 PM


Group: Member
Posts: 6,543

QUOTE
Shares in Fortescue have nearly trebled this year, surging from $3.86 to a record $10.45 during trade on Wednesday as prices for iron ore gallop past $US93 per tonne.

Prices lifted earlier in the year as mine closures in Brazil and Cyclone Veronica closing ports in Western Australia. But the rally is being sustained as global economic conditions lift and speculation mounts in China over increased stimulus measures and greater infrastructure spending.

The rally has lifted Rio Tinto 9¢ to $98.80, it's highest level since mid-August. BHP gave up earlier gains to slip 0.4 per cent to $38.29. Fortescue shares are up 150 per cent this year while BHP is up 12 per cent.

In a note to clients, Macquarie analysts said the strength in iron ore spot prices was in line with its forecasts and as a result there "was no material earnings upgrade potential".

But it said there was significant upside earnings potential for Fortescue in fiscal 2021 of about 70 per cent and between 20 per cent and 30 per cent for BHP and Rio respectively.

"We retain our positive view on FMG with the stock boasting strong medium-term earnings upgrade potential under a spot price scenario," Macquarie told clients. "The gap between RIO and BHP has narrowed with RIO retaining slightly higher free cash flow yields at spot of 9-10 per cent vs 8-9 per cent for BHP. The further recovery in premium iron-ore prices should benefit both Champion Iron and Mount Gibson Iron."

Swelling cash flows for Fortescue have delivered a dividend bounty in recent years...
  Forum: By Share Code

nipper
Posted on: Dec 11 2019, 03:53 PM


Group: Member
Posts: 6,543

QUOTE
UBS has increased its price target on Megaport following the company's $62 million capital rising, saying it gave the company plenty of headroom to accelerate its rollout.

Maintaining its 'buy' rating on the stock, UBS lifted its price target from $11.30 to $11.55, more than 20 per cent above its Tuesday close.

The broker said the company's capital raising had "well and truly" de-risked funding requirements until Megaport's forecast break even point of 2021, would allow expansion into new geography and left headroom for any further strategic investments.

"Our thesis remains unchanged – Megaport will be a major beneficiary of the data generation over the next decade, with a large first mover advantage, low capital intensity and material operating leverage as the portfolio matures," said analyst Tim Plumbe. "We recognise the high multiples, but highlight the strong revenue growth profile."
  Forum: By Share Code

nipper
Posted on: Dec 11 2019, 02:23 PM


Group: Member
Posts: 6,543

QUOTE
Nuchev, the latest milk formula maker to join the ASX, is higher by 23 per cent on Tuesday, marking a more than 50 per cent jump in only three days of trade.

The goat-milk infant formula maker joined the market on Friday, after raising $25m in its IPO at $2.60 apiece and was today trading around $4.

Synlait co-founder Ben Dingle is behind the company, which was established in 2013 to meet growing demand for alternative infant formula products.

The company said proceeds from the listing would support growth, as well as to attract and retain high-quality management.

Peer Bubs is the only other listed provider operating in the goat-milk focussed space.

At 2pm, NUC shares were 18 per cent higher to $4, while BUB shares were up 0.72pc to 98.2c.
  Forum: By Share Code

nipper
Posted on: Dec 11 2019, 11:57 AM


Group: Member
Posts: 6,543

QUOTE
APL has implemented the following short term initiatives also aimed at narrowing the discount to NTA:

Capital management: more than doubled the daily volume of the on-market share buyback since 11th November 2019.

Transparency: moved from weekly NTA to daily NTA on 15th November 2019.

Communication: the Company embarked on a phone-based outreach campaign to the largest individual shareholders starting in November 2019 and continues to improve upon its regular updates to shareholders.

The Board is committed to narrowing the discount to NTA and will continue to assess, on an ongoing basis, the initiatives considered during its recent review process.
...like a lot of LICs, trading lower
  Forum: By Share Code

nipper
Posted on: Dec 11 2019, 09:15 AM


Group: Member
Posts: 6,543

half of those would be scalpers, I'd reckon. In and out for a quick profit ..... but a pretty slim offering, in the end.
  Forum: By Share Code

nipper
Posted on: Dec 11 2019, 08:52 AM


Group: Member
Posts: 6,543

QUOTE
Saracen Mineral Holdings' retail component of its entitlement offer has fallen well short of its target, raising less than half the amount the company had been hoping for.

The company had passed the hat to its retail investors hoping to raise $95 million however they only received applications for entitlements totalling $37.37 million, a shortfall of $57.34 million.

The offer, announced on November 18 in order to help fund the gold miner's acquired interest in 50 per cent of Super Pit, was underwritten but still reveals a lack of confidence in the company from its retail investor base.

Investors had been entitled to one new share for every 5.75 existing Saracen shares, for an offer price of $2.95 per share.
  Forum: By Share Code

nipper
Posted on: Dec 10 2019, 07:06 PM


Group: Member
Posts: 6,543

Bravo Mick, for your insights

If things revert to the mean, and they do, the pain will be prolonged.
  Forum: Investment Discussion

nipper
Posted on: Dec 10 2019, 01:45 PM


Group: Member
Posts: 6,543

https://www.sharecafe.com.au/2019/12/04/buo...elect-harvests/
QUOTE
SHV has used strong cash flow from both its almond and food division over FY19 to pay down all debt, ex leases, and underpin growth in the future.

FY19 results were ahead of broker estimates while yields in the almond divisions were above historical industry averages, and there was of -15% reduction in production costs per kilo. Operating net profit of $53m was up 160%, including an unfavourable marking to market of the 2018 crop. Almond earnings increased 132% because of higher prices and the best crop yield for the past decade that comparably offset higher water costs.

There was no formal earnings guidance provided for FY20 but the company assesses, based on a yield of 1.35t/acre, the theoretical crop would be around 21,000t with scope for a variance either way of 10%. Bell Potter upgrades estimates for FY20 by 8% and FY21 by 18% to reflect changes to yields, costs and pricing assumptions and assumes FY20 yields are -5% below theoretical levels.

The company generated $46m in free cash flow in FY19. UBS forecasts net debt in FY20 of $600,000, signalling the company could use around $80m of its $100m in undrawn facilities for growth and retain an acceptable leverage ratio of around 1x operating earnings.

The broker also envisages potential for geographic diversification amid expansion opportunities in California. Wilsons, too, notes the potential for further investment in almond and/or macadamia productio
  Forum: By Share Code

nipper
Posted on: Dec 10 2019, 12:13 PM


Group: Member
Posts: 6,543

QUOTE
... conditional placement of $146mill for Senegal.

It was priced at 4.25¢ a share, which represented a 12 per cent discount for FAR's five day volume-weighted-average-price, according to terms.
  Forum: By Share Code

nipper
Posted on: Dec 10 2019, 08:04 AM


Group: Member
Posts: 6,543

QUOTE
Talga has received applications under the SPP in excess of A$6.0 million. The Company had previously announced it was targeting A$3.0 million under the SPP, with the Talga Board having discretion to accept oversubscriptions above this limit.

In response to the strong shareholder support the Talga Board has decided that all eligible shareholders who applied for shares under the SPP will receive their full allocation of shares...

as usual these small outfits have no idea how much they'll pull in.

Should help the S/P as future demand for capital is pushed back. Now 47c
  Forum: By Share Code

nipper
Posted on: Dec 9 2019, 07:51 PM


Group: Member
Posts: 6,543

From the AGM
QUOTE
We anticipate a considerably stronger 2H20, with a range of factors working in our favour including:
• a full six months contribution of Uni-span earnings, including the benefit of the first round of cost-outs;
• stronger results from Natform, primarily emanating from the Victorian market expansion;
• the profit contribution from the recently awarded Sun Metals contract; and
• continued growth in Victorian and New South Wales civil infrastructure revenues.

Longer-term we remain very optimistic for Acrow’s prospects. Industry forecasts point to buoyant transport infrastructure construction activity through to FY23, with a projected greater than 50% increase in value of work done, especially in the key growth markets of New South Wales and Victoria. We are also very encouraged by the Prime Ministers announcement of last week that the Federal Government will be fast tracking $3.8 billion in Road and Rail spend. This is very good news for our Business.
undemanding. Fragmented industry.
  Forum: By Share Code

nipper
Posted on: Dec 9 2019, 07:15 PM


Group: Member
Posts: 6,543

QUOTE
The $57m market cap Acrow Formwork & Construction Services (ACF, 33c) is suitably obscure, but its handiwork is evident on building sites across the country.

Acrow hires formwork and scaffolding to civil infrastructure and residential projects. In the case of formwork — the wooden framing to cast concrete and such — the equipment is offered on a “dry hire” basis (with no attached labour). In the case of scaffolding, Acrow provides the muscle to erect the structures.

Having reverse listed in April last year, Acrow has just completed its first meaningful acquisition: the $21m cash-scrip acquisition of Queensland-based Uni-span Australia.

In the 2018-19 year, Acrow turned over $71m with underlying earnings (EBITDA) of $11.5m. In the same year, Uni-span chalked up $34m on EBITDA of $4.8m, so the acquisition is a true company maker. At Acrow’s AGM late last month, CEO Steven Boland pointed to a first (December) half performance similar to the previous year’s, followed by a “considerably stronger” second half.

Bell Potter forecasts current-year sales of $93m, a net profit of $9m and a 2.2c dividend, implying a yield of 6.8 per cent.
- Tim Boreham
  Forum: By Share Code

nipper
Posted on: Dec 9 2019, 06:54 PM


Group: Member
Posts: 6,543

QUOTE
Energy stocks were a standout in the local session after OPEC+ members agreed to further production cuts into the first quarter of next year. That pushed global oil prices higher by 3 per cent

It spurred a 1.6 per cent lift in Woodside to $34.41. Santos added 1.7 per cent to $8.23, Beach Energy lifted by 5.2 per cent to $2.62 and Origin put on 1.5 per cent to $8.70.
  Forum: Macro Factors

nipper
Posted on: Dec 9 2019, 06:38 PM


Group: Member
Posts: 6,543

Goat milk infant formula company Nuchev Ltd, which sells the Oli6 brand in chains including Chemist Warehouse and Coles supermarkets, made a robust debut on the ASX on Monday, listing at a 31 per cent premium.

Chief executive and major shareholder Ben Dingle said the company would now be accelerating its growth plans in a segment of the infant formula market growing five times as fast as the normal infant formula made from cow's milk.
  Forum: By Share Code

nipper
Posted on: Dec 9 2019, 05:33 PM


Group: Member
Posts: 6,543

https://smallcaps.com.au/novonix-long-term-...er-samsung-sdi/

QUOTE
In addition to the supply agreement, Samsung and Novonix have agreed to explore other opportunities for the supply of new graphite anode materials for electric vehicle use in Samsung’s products under a parallel research and development collaboration scheme. This could potentially lead to Novonix supplying other materials it develops or supplemental joint ventures within the energy and materials market.

Last month, Novonix’s subsidiary Novonic BTS scooped an innovation award at the Annual Discovery Awards held in Halifax, Nova Scotia with Novonix managing director Philip St Baker hailing the achievement as a demonstration of how ongoing development is benefitting the group as a whole.

“Novonix BTS is our centre of excellence which we are encouraging to continue to develop and evaluate new materials, work with major battery makers and OEMs and potentially incubate new technologies for commercialisation, all while continuing to provide industry-leading charger equipment to companies around the world,” he said.

The supply deal with Samsung could serve as a potentially huge boost for Novonix as it seeks to grow its suite of products alongside sales globally.

Samsung SDI is currently one of the leading manufacturers of rechargeable batteries for the IT industry, automobiles and energy storage systems (ESS), as well as cutting-edge materials used to produce semiconductors, displays and solar panels.

The Korean company has been selected as a core battery supplier for over 30 vehicle electrification projects and the first vehicles already on the road with Samsung SDI batteries currently being used in the Fiat 500e, BMW i3 and BMW i8 electric vehicles.

“Novonix is extremely honoured to supply Samsung SDI and we look forward to supporting them in delivering higher performance batteries to the global market,” said Mr St Baker.
  Forum: By Share Code

nipper
Posted on: Dec 9 2019, 12:15 PM


Group: Member
Posts: 6,543

QUOTE
Yangibana Project the next Rare Earths Producer
• Open-cut mine and process plant in Western Australia
• NPV A$549M – IRR 21% – Payback 3.4 years
• Capex (incl contingencies) - A$593M; Avg Annual Free Cash Flow (post tax) ~A$160M
• Fast ramp up to construction – 24 months to production

Low Risk Development
• UFK and KFW – A$250M loan for process plant / construction + commercial loan
• North Australia Infrastructure Fund (NAIF) to fund infrastructure – A$210M
• Offtakes – Schaeffler, Thyssenkrupp, Sky Rock Baotou
• Western Australia Minister of Environment Approval obtained

claim it could be running by 2022

And the trading halt for a capital raising in place. (Been a bit of a bride's nightie)

Singaporeans and Germans hovering; the Americans all talk
  Forum: By Share Code

nipper
Posted on: Dec 9 2019, 10:02 AM


Group: Member
Posts: 6,543

"As Talk Of Legend’s WA Nickel Find Gains Pace, Orion Looks To Be Sitting Pretty Right Next Door"

- funny thing, markets. With LEG announcing, its share price more than doubles, while ORN is flat but the other 2 mentioned in dispatches, BOA and GAL, both slipping 20+%
  Forum: Macro Factors

nipper
Posted on: Dec 9 2019, 09:47 AM


Group: Member
Posts: 6,543

AustSuper takes a 5% stake
  Forum: By Share Code

nipper
Posted on: Dec 9 2019, 09:45 AM


Group: Member
Posts: 6,543

nice, and SHALLOW

the goss was a stretch, though
QUOTE
Industry chatter is that Legend has made a significant nickel-copper discovery, with lots of talk about a 16m intersection of massive to semi massive sulphides having been encountered, with 20m of disseminated sulphides on either side. If the whispers about the intersection being particularly rich ... the chatter is for more than 4% nickel
  Forum: By Share Code

nipper
Posted on: Dec 9 2019, 09:34 AM


Group: Member
Posts: 6,543

It's a strange outfit. The PDF structure would be a benefit, I suppose , but the collection of projects is eclectic to say the least.
QUOTE
Recent activities include:
- Artificial Intelligence and Robotics unit ‘Stealth Technologies Pty Ltd’ has signed an agreement with global Fortune 100 software-industrial company ‘Honeywell’ to build experimental autonomous robotic vehicles.
- Materials technology unit ‘Australian Advanced Materials Pty Ltd’ is completing a demonstrator of printable transparent memory ink technology being developed with UNSW, CSIRO and VTT.
- Exploration Company ‘Maria Resources’ is currently preparing a maiden drilling program at the Behemoth Project using grant funding from the Western Australian government.


With behemoth and leviathan, will the next project be elephantine or Brobdingnagian? As long as subsequent ones don't include Titanic
  Forum: By Share Code

nipper
Posted on: Dec 9 2019, 09:04 AM


Group: Member
Posts: 6,543

very much a pig in a poke. Best of luck
  Forum: By Share Code

nipper
Posted on: Dec 8 2019, 06:21 PM


Group: Member
Posts: 6,543

QUOTE
Shares in out of home ad group oOh!media soared by more than 30% after it upgraded earning guidance for the financial year ending December 31.

The company said it now expects FY19 underlying earnings before interest tax depreciation and amortisation (EBITDA) to come in between $138 million to $143 million, excluding integration costs and the impact from the change in accounting standards to AASB16. Previous guidance was for EBITDA of between $125 million to 135 million for the 2019 financial year.

“While…advertising bookings declined in the third quarter versus the prior year, improved bookings for September and the fourth quarter, which have paced positively over the prior year, have resulted in an upgrade,” the company told the ASX. “Growth in operational expenditure in FY19 is expected to be within the previous forecast range of 5-7 percent,” the company said in the update

“Capital expenditure for FY19 is expected to be at the mid to lower end of the $55-$70 million forecast range. “The Company reconfirms that the integration of Commute remains on track with an expected exit run-rate of $16 million in cost synergies for FY19,” directors said.

OOH shares soared to a high of $4.17 following the earnings upgrade before settling back to end up a still high 23.6% at $3.72.
  Forum: By Share Code

nipper
Posted on: Dec 8 2019, 09:16 AM


Group: Member
Posts: 6,543

More on ADT, prospects for Vares and possible takeover (Sandfire?)

https://www.livewiremarkets.com/wires/adria...r-vares-project
  Forum: By Share Code

nipper
Posted on: Dec 7 2019, 08:04 PM


Group: Member
Posts: 6,543

QUOTE
.... I wasn’t prepared for how exhausting working at Amazon would be. It took my body two weeks to adjust to the agony of walking 15 miles a day and doing hundreds of squats. But as the physical stress got more manageable, the mental stress of being held to the productivity standards of a robot became an even bigger problem.

Technology has enabled employers to enforce a work pace with no room for inefficiency, squeezing every ounce of downtime out of workers’ days. The scan gun I used to do my job was also my own personal digital manager. Every single thing I did was monitored and timed. After I completed a task, the scan gun not only immediately gave me a new one but also started counting down the seconds I had left to do it.

It also alerted a manager if I had too many minutes of “Time Off Task.” At my warehouse, you were expected to be off task for only 18 minutes per shift—mine was 6:30 a.m. to 6 p.m.—which included using the bathroom, getting a drink of water or just walking slower than the algorithm dictated, though we did have a 30-minute unpaid lunch. It created a constant buzz of low-grade panic, and the isolation and monotony of the work left me feeling as if I were losing my mind. Imagine experiencing that month after month....
.

https://www.amazon.com/dp/B07K6H5235/ref=dp...UTF8&btkr=1

Irony. You can buy it on Amazon
  Forum: Off Topic Chat

nipper
Posted on: Dec 7 2019, 12:43 PM


Group: Member
Posts: 6,543

Risk = reward
QUOTE
"We don't set out to mislead, they probably do assume that clients are more aware of what they are investing in than they actually are."

Before the 2008 global financial crisis, investors flooded into mortgage trusts to capture the attractive yields. They were offered immediate redemptions but, when the crisis hit, investors discovered their investments were illiquid and the funds were frozen.

And worse, now. Money flowing to mortgage trusts in the "Search for Yield"
QUOTE
LaTrobe's 90-day arrears rate is 1.8 per cent compared with Commonwealth Bank of Australia’s 0.68 per cent.

Credit rating agency S&P Global Ratings 90+ day arrears rate for prime Australian mortgages was 0.81 per cent as of September 30, up from 0.74 per cent 12 months earlier.

In Australia, a prime home loan has similar credit risk to a loan originated by a major or regional bank. The 90-day arrears rate for a prime home loan is considered to be below 1 per cent annually.

So, .....when is it subprime?
  Forum: Investment Discussion

nipper
Posted on: Dec 7 2019, 11:22 AM


Group: Member
Posts: 6,543

Mentioned here

https://www.sharecafe.com.au/2019/12/06/as-...ight-next-door/

Creasy and legendary !! Enough.
  Forum: By Share Code

nipper
Posted on: Dec 7 2019, 11:21 AM


Group: Member
Posts: 6,543

Mentioned here

https://www.sharecafe.com.au/2019/12/06/as-...ight-next-door/
  Forum: By Share Code

nipper
Posted on: Dec 7 2019, 11:20 AM


Group: Member
Posts: 6,543

Mentioned here
https://www.sharecafe.com.au/2019/12/06/as-...ight-next-door/
  Forum: By Share Code

nipper
Posted on: Dec 7 2019, 10:56 AM


Group: Member
Posts: 6,543

https://www.sharecafe.com.au/2019/12/02/csl...d-of-foresight/
  Forum: By Share Code

nipper
Posted on: Dec 7 2019, 10:48 AM


Group: Member
Posts: 6,543

As Talk Of Legend’s WA Nickel Find Gains Pace, Orion Looks To Be Sitting Pretty Right Next Door
QUOTE
Excitement is building around the expected release on Monday of the eagerly awaited assay results from the third hole drilled at Legend Mining’s (LEG) Area D prospect at its Rockford project in WA’s Fraser Range. Legend Mining was 4.2c a share ahead of going into a trading halt last week and a trading suspension this week, pending the release of the assay results.

Industry chatter is that Legend has made a significant nickel-copper discovery, with lots of talk about a 16m intersection of massive to semi massive sulphides having been encountered, with 20m of disseminated sulphides on either side.

If the whispers about the intersection being particularly rich - the chatter is for more than 4% nickel - then there will be some fun to be had for the juniors with a presence in the northern reaches of the Fraser. It was of course the 2012 discovery hole drilled by junior explorer Sirius Resources down south which went on to become the Nova nickel-copper deposit/mine, with Sirius taken over by Independence (IGO) in 2015 for $1.8 billion.

Independence has long believed the Fraser has more than one Nova to give up and has almost blanket coverage of the region’s prospective rocks, including an exposure to Legend’s Area D discovery through its 14.2% Legend shareholding.

Private “prospector” Mark Creasy is the other big player in the Fraser, thanks to his early pegging in the district after being impressed by what he saw from some rock kicking during an expedition for space junk from Skylab’s crash to earth in 1979. Creasy has the Silver Knight discovery to his name in the Fraser but because it is privately held, no one is sure if it is going to be another Nova or not. And for good measure, Creasy owns 26.8% of Legend.

Like the rest of us, Legend, Independence and Creasy will have to wait for the assays confirming Area D as something special before celebrating.... In anticipation of the results from Area D confirming a discovery, juniors with Fraser Range exposure have already been enjoying something of a share price celebration.

Galileo Mining (GAL), where Creasy is a 31% shareholder, has shot up from 11c since Legend went into a trading halt on November 28 to 21c, while Boadicea (BOA) has come up from 22c to 26c.

Today’s interest though is in Orion Minerals (ORN) which was trading yesterday at 2.8c to be pretty much were it was before Legend alerted the market to its Area D discovery hole, assays pending.
https://www.sharecafe.com.au/2019/12/06/as-...ight-next-door/

- Lots of nearology happening here. one for you, Blackie, to look into/ tear apart?
  Forum: Macro Factors

nipper
Posted on: Dec 6 2019, 12:12 PM


Group: Member
Posts: 6,543

QUOTE
Fintech company and business lender Tyro Payments has debuted on the Australian Securities Exchange, with a market capitalisation of $1.37 billion in the biggest Australian float of 2019.

The listing followed an initial public offering jointly managed by JPMorgan and Morgan Stanley which saw demand from institutional investors vastly outweigh a strategically limited supply.

The IPO raised $287.2 million at a top-of-range price of $2.75 per share, above the $253 million initially flagged. It got off the blocks with a starting price of $3.30 and reached $3.53 in the first hour of trade.

At a bell ringing ceremony in Sydney, Tyro chief executive Robbie Cooke said the float allows the 16-year-old fintech to continue clawing market share from the major banks. "This process has made us a stronger challenger providing Australian businesses with better payments and banking solutions," he said.
  Forum: By Share Code

nipper
Posted on: Dec 6 2019, 08:54 AM


Group: Member
Posts: 6,543

Here’s why the Clinuvel share price is flying today

https://www.fool.com.au/2019/12/05/heres-wh...s-flying-today/
  Forum: By Share Code

nipper
Posted on: Dec 5 2019, 11:57 AM


Group: Member
Posts: 6,543

bought in yesterday 75c smile.gif
  Forum: By Share Code

nipper
Posted on: Dec 5 2019, 08:22 AM


Group: Member
Posts: 6,543

In trading halt. Time for a confession??!
  Forum: By Share Code

nipper
Posted on: Dec 4 2019, 10:02 PM


Group: Member
Posts: 6,543

saw an interesting quote about the markets:

"They go up in percentage terms, but the drops are measured in the Billions
  Forum: Macro Factors

nipper
Posted on: Dec 4 2019, 10:46 AM


Group: Member
Posts: 6,543

QUOTE
• Orthocell receives firm commitments for a A$13m Placement
• Demand for the Placement well in excess of funds sought with support from existing shareholders, new institutions and other sophisticated investors
• Share purchase plan for eligible shareholders for up to approximately A$5m
• Combined proceeds to be used to accelerate US, EU and AUS regulatory approvals and commercialisation of CelGro®; advance the commercialisation of Ortho-ATI® and scale up manufacturing facilities
50c a share .... which is where it is trading today
  Forum: By Share Code

nipper
Posted on: Dec 4 2019, 08:41 AM


Group: Member
Posts: 6,543

it's the merchants that 'pay' for these so called debit lenders. The consumer gets offered the bait and then services the repayments. Reality is that if you pay cash you should be able to ask for a discount of 5% at the very least as this is the gouge the merchants are wearing, to drive volume. But then we all know the RRP* system is Potemkin pricing. With the so-called Black Friday just passed, some discounts were running at 65% off RRP.

The stat that got to me was: Subprime means having a credit score below 620. .... That's for consumers? I figure Sub-investment Grade, or Junk, still works for Corporates
  Forum: Investment Discussion

nipper
Posted on: Dec 4 2019, 08:02 AM


Group: Member
Posts: 6,543

thanks Mick. Well worth a perusal.
  Forum: Investment Discussion

nipper
Posted on: Dec 3 2019, 08:00 PM


Group: Member
Posts: 6,543

Some more:

QUOTE
Bob Farrell was a widely followed .. at Merrill Lynch. Wall Street people still speak of him reverently. Some of the greatest traders and investors .. referred to his rules on a frequent basis, and I suggest you do the same. Here are his rules with commentary from MarketWatch’s Jonathan Burton.

Markets tend to return to the mean over time


By "return to the mean," Farrell means that when stocks go too far in one direction, they come back. If that sounds elementary, then remember that both euphoric and pessimistic markets can cloud people's heads.

"It's so easy to get caught up in the heat of the moment and not have perspective," says Bob Doll, global chief investment officer for equities at money manager BlackRock Inc. "Those that have a plan and stick to it tend to be more successful."

Excesses in one direction will lead to an opposite excess in the other direction

Think of the market as a constant dieter who struggles to stay within a desired weight range but can't always hit the mark.

"In the 1990s when we were advancing by 20% per year, we were heading for disappointment," says Sam Stovall, chief investment strategist at Standard & Poor's Inc. "Sooner or later, you pay it back."

There are no new eras -- excesses are never permanent

This harkens to the first two rules. Many investors try to find the latest hot sector, and soon a fever builds that "this time it's different." Of course, it never really is. When that sector cools, individual shareholders are usually among the last to know and are forced to sell at lower prices.

"It's so hard to switch and time the changes from one sector to another," says John Buckingham, editor of The Prudent Speculator newsletter. "Find a strategy that you believe in and stay put."

Exponential rapidly rising or falling markets usually go further than you think, but they do not correct by going sideways

This is Farrell's way of saying that a popular sector can stay hot for a long while, but will fall hard when a correction comes. Chinese stocks not long ago were market darlings posting parabolic gains, but investors who came late to this party have been sorry.

The public buys the most at the top and the least at the bottom Sure, and if they didn't, contrarian-minded investors would have nothing to crow about. Accordingly, many market technicians use sentiment indicators to gauge investor pessimism or optimism, then recommend that investors head in the opposite direction.

Fear and greed are stronger than long-term resolve

Investors can be their own worst enemy, particularly when emotions take hold. Stock market gains "make us exuberant; they enhance well-being and promote optimism," says Meir Statman, a finance professor at Santa Clara University in California who studies investor behavior. "Losses bring sadness, disgust, fear, regret. Fear increases the sense of risk and some react by shunning stocks."

After grim trading days, it's easy to think you're the patsy at this card table. To counter those insecure feelings, practice self-control and keep long-range portfolio goals in perspective. That will help you to be proactive instead of reactive.

"It's critical for investors to understand how they're cut," says the Prudent Speculator's Buckingham. "If you can't handle a 15% or 20% downturn, you need to rethink how you invest."

Markets are strongest when they are broad and weakest when they narrow to a handful of blue-chip names

Markets and individual sectors can move in powerful waves that take all boats up or down in their wake. There's strength in numbers, and such broad momentum is hard to stop, Farrell observes. In these conditions you either lead, follow or get out of the way.

When momentum channels into a small number of stocks, it means that many worthy companies are being overlooked and investors essentially are crowding one side of the boat. That's what happened with the "Nifty 50" stocks of the early 1970s, when much of the U.S. market's gains came from the 50 biggest companies on the New York Stock Exchange. As their price-to-earnings ratios climbed to unsustainable levels, these "one-decision" stocks eventually sunk.

Bear markets have three stages -- sharp down, reflexive rebound and a drawn-out fundamental downtrend

When all the experts and forecasts agree -- something else is going to happen As Stovall, the S&P investment strategist, puts it: "If everybody's optimistic, who is left to buy? If everybody's pessimistic, who's left to sell?"

Going against the herd as Farrell repeatedly suggests can be very profitable, especially for patient buyers who raise cash from frothy markets and reinvest it when sentiment is darkest.

Bull markets are more fun than bear markets

No Kidding
  Forum: Investment Discussion

nipper
Posted on: Dec 3 2019, 11:37 AM


Group: Member
Posts: 6,543

Secondary offer likely in late Feb, new shares at approx NAV at the time, with a 'loyalty bonus' for shareholders, dependant on amount raised.

They seem to be pulling out all stops to make sure trading doesn't see a dump after issuing new shares.
QUOTE
Pengana is firmly focussed on aiming to have a continuing positive experience for our Unitholders. It is therefore our intention that all Units available under both the Placement as well as the Shortfall Offer will be allocated only to investors who are more likely to invest in PE1 over the long term, comprising mostly of clients of high-quality financial advisors as well as to existing investors and shareholders across the Pengana business.

We have no intention to offer the new Units to the general market i.e. there will be no general public offer.
  Forum: By Share Code

nipper
Posted on: Dec 3 2019, 09:41 AM


Group: Member
Posts: 6,543

All too hard

(You beat me to it)
  Forum: Off Topic Chat

nipper
Posted on: Dec 3 2019, 09:38 AM


Group: Member
Posts: 6,543

QUOTE
Preliminary Sales Forecast $50-$70 million

The FY 2020 Sales Forecast is made up of:
- Phoslock® sales of 10,000-20,000 tonnes;
- Engineering & maintenance work in $10-20 million range;
- Phoslock® production capacity expanded to 40,000 tonnes annually by mid-2020.

By doubling factory capacity, PET will have significant additional tonnes of Phoslock® available for sale to meet additional anticipated demand from existing and new projects not included in the Sales Forecast range.

PET is currently on track to meet its FY2019 sales forecast of $27-30 million. However, the final numbers will depend on the status of major projects at year-end. For example, extreme weather could affect applications.

SP up slightly @ 90c
  Forum: By Share Code

nipper
Posted on: Dec 3 2019, 09:04 AM


Group: Member
Posts: 6,543

- I've always thought this was the case ...observing peoples' behaviour, it has got to be true

Rosy Outlook for Select Retailers
QUOTE
The wealth effect and a much brighter economic outlook are shaping up to push consumers to resume historic levels of spending at retailers, and the type of companies most set to benefit from the shopper rush are travel, ­online department stores, hardware and convenience stores.

The latest research from UBS, drawing on fresh data from a survey of 1000 consumers for its Evidence Lab, points to an improving retail outlook, bolstered by rising residential property prices and a greater willingness for consumers to spend money.

There was an uplift in the outlook for wealth against the UBS consumer survey conducted just before the federal election in May, with consumers also more positive about the future growth of wages.

Meanwhile, environmental, social and governance factors are becoming increasingly topical when it comes to both consumer preferences and investing, UBS found, but this was split along generational fault lines.


The survey found that one cohort was not willing to pay much extra for ESG outcomes while ­another — generally younger — would pay more than double for ESG outcomes, particularly when it came to buying renewable ­energy and sustainably sourced consumer products.

But the rising tide of the wealth effect is not expected to lift all boats, and UBS analysts Ben Gilbert and Pieter Stoltz have fixed on a portfolio of key retail stocks that should be rewarded by a return of shoppers to the stores.

“Overall, results were positive for the broader consumer outlook, particularly home improvement and fast food,’’ Mr Gilbert said in the latest UBS deep dive into the minds of consumers and sent to clients on Monday night.

“Travel intentions softened a touch, but key brands Flight Centre and Webjet are winning share,” Mr Gilbert said. “Flight Centre and Webjet customer spend intentions increased significantly versus the May 2019 study, suggesting share growth, with the market outlook to improve as household wealth rises.”

Price and convenience were still key for drivers looking for a petrol station and snack, and with well-located fuel sites, Viva ­Energy was on the UBS stock list. “Viva Energy, superior sites (location) and improved pricing reinforces our view on the volume opportunity, not priced in.”

Households are feeling wealthier, UBS found, with 29 per cent of respondents net positive on their 12-month forward ­finance outlook against only about 8 per cent in the May survey. Despite near-record low housing turnover, about 15 per cent of respondents said they spent more on DIY projects year-on-year, with about 50 per cent saying they are intending to undertake a home improvement project in the next six months.

“This suggests limited impact from weaker housing activity: positive for Wesfarmers (which owns Bunnings) and to a lesser extent Metcash (Mitre 10).”

But not all retailers are expected to gain. The shift towards convenience through such things as food delivery and meal kits continues at the expense of cooking at home. Aggregator food and restaurant websites are driving the growth, with potential risk to Domino’s Pizza if it is unable to hold share, UBS warned.

A retailer’s ESG credentials are growing in importance for consumers. The same attitude was evident in choosing ­investment products.

“Consumers revealed they were more willing to pay for sustainably sourced goods than for renewable energy, given 30 per cent said they would pay double for sustainable sourced goods and 20 per cent said they would pay double for renewable energy.

“When it came to ESG investments, consumers often said they would be willing to give up 5 per cent or even 10 per cent of their retirement savings in order to ­invest in an ESG aware option but the majority were not willing to give up more than 1 per cent.’’
  Forum: By Share Code

nipper
Posted on: Dec 2 2019, 09:38 AM


Group: Member
Posts: 6,543

and here comes the Pause, setting up for the Capital Raise.
  Forum: By Share Code

nipper
Posted on: Dec 2 2019, 09:32 AM


Group: Member
Posts: 6,543

after running from $3.30 at start of year to $8.40 by July, AD8 tracked sideways for a few months finding it hard to break through $8.00 again.

Since 22/11, it has cleared that resistance and is now $9.20+
  Forum: By Share Code

nipper
Posted on: Dec 2 2019, 09:13 AM


Group: Member
Posts: 6,543

the scary thing about all this posturing - MMT and the like - is that it is being positioned as left v right, old v new, or old v young . And therefore it is fresh n better. Nothing is further from the truth.

and I think there is a difference between "Public Service" and public servants. Oxymoronic, almost.
  Forum: Off Topic Chat

nipper
Posted on: Dec 2 2019, 08:47 AM


Group: Member
Posts: 6,543

sounds like a poor investment .... of time
  Forum: By Share Code

nipper
Posted on: Dec 1 2019, 03:58 PM


Group: Member
Posts: 6,543

Smart Solar; still pretty dumb?

https://mobile.abc.net.au/news/2019-12-01/r...y-grid/11731452
  Forum: Macro Factors

nipper
Posted on: Dec 1 2019, 08:39 AM


Group: Member
Posts: 6,543

Thanks for these. John Mauldin has just posted a few:
....

"Several different versions of Dennis Gartman’s rules are floating around the internet. This one is my favorite. Note that Dennis is first and foremost a trader, so these are rules for traders but also offer insight to investors".

QUOTE
1. NEVER, EVER, EVER ADD TO A LOSING POSITION: EVER!:
Adding to a losing position eventually leads to ruin, remembering Enron, Long Term Capital Management, Nick Leeson and myriad others.

2. TRADE LIKE A MERCENARY SOLDIER:
As traders/investors we are to fight on the winning side of the trade, not on the side of the trade we may believe to be economically correct. We are pragmatists first, foremost and always.

3. MENTAL CAPITAL TRUMPS REAL CAPITAL:
Capital comes in two forms... mental and real... and defending losing positions diminishes one’s finite and measurable real capital and one’s infinite and immeasurable mental capital accordingly and always.

4. WE ARE NOT IN THE BUSINESS OF BUYING LOW AND SELLING HIGH:
We are in the business of buying high and selling higher, or of selling low and buying lower. Strength begets strength; weakness more weakness.

5. IN BULL MARKETS ONE MUST TRY ALWAYS TO BE LONG OR NEUTRAL:
The corollary, obviously, is that in bear markets one must try always to be short or neutral. There are exceptions, but they are very, very rare.

6. "MARKETS CAN REMAIN ILLOGICAL FAR LONGER THAN YOU OR I CAN REMAIN SOLVENT":
So said Lord Keynes many years ago and he was... and is... right, for illogic does often reign, despite what the academics would have us believe.

7. BUY THAT WHICH SHOWS THE GREATEST STRENGTH; SELL THAT WHICH SHOWS THE GREATEST WEAKNESS:
Metaphorically, the wettest paper sacks break most easily and the strongest winds carry ships the farthest, fastest.

8. THINK LIKE A FUNDAMENTALIST; TRADE LIKE A TECHNICIAN:
Be bullish... or bearish... only when the technicals and the fundamentals, as you understand them, run in tandem.

8. TRADING RUNS IN CYCLES; SOME GOOD, MOST BAD:
In the “Good Times” even one’s errors are profitable; in the inevitable “Bad Times” even the most well researched trade shall go awry. This is the nature of trading; accept it and move on.

9. KEEP YOUR SYSTEMS SIMPLE:
Complication breeds confusion; simplicity breeds elegance and profitability.

10. UNDERSTANDING MASS PSYCHOLOGY IS ALMOST ALWAYS MORE IMPORTANT THAN UNDERSTANDING ECONOMICS:
Or more simply put, "When they’re cryin’ you should be buyin’ and when they’re yellin’ you should be sellin’!"

11. REMEMBER, THERE IS NEVER JUST ONE COCKROACH:
The lesson of bad news is that more shall follow... usually hard upon and always with worsening impact.

12. BE PATIENT WITH WINNING TRADES; BE ENORMOUSLY IMPATIENT WITH LOSERS:
Need we really say more?

13. DO MORE OF THAT WHICH IS WORKING AND LESS OF THAT WHICH IS NOT:
This works well in life as well as trading. If there is a “secret” to trading... and to life... this is it.

14. CLEAN UP AFTER YOURSELF:
Need we really say more? Errors only get worse.

15. SOMEONE’S ALWAYS GOT A BIGGER JUNK YARD DOG:
No matter how much “work” we do on a trade, someone knows more and is more prepared than are we... and has more capital!

16. PAY ATTENTION:
The market sends signals more often than not missed and/or disregarded... so pay attention!

17. WHEN THE FACTS CHANGE, CHANGE!
Lord Keynes... again... once said that “ When the facts change, I change; what do you do, Sir?” When the technicals or the fundamentals of a position change, change your position, or at least reduced your exposure and perhaps exit entirely.

18. ALL RULES ARE MEANT TO BE BROKEN:
But they are to be broken only rarely and true genius comes with knowing when, where and why!
  Forum: Investment Discussion

nipper
Posted on: Nov 30 2019, 08:47 PM


Group: Member
Posts: 6,543

QUOTE
...rather than repairing skin related defects, the Company’s CelGro technology repairs soft tissue such as Anterior Curcial Ligament (ACL), rotator cuff and other tendon injuries.

More significant, in my view, is the application of CelGro to repair damaged nerves, particularly in the application of paralysed muscles. Think paraplegics and quadriplegics
.
still got the phase 3 and FDA pathway issues. Big market, though.
  Forum: By Share Code

nipper
Posted on: Nov 30 2019, 08:36 PM


Group: Member
Posts: 6,543

The AGM presentation has 30+ slides on the understanding of Thursday's Gossan; starting out looking for deep porphyry mineralisation and a gradual dawning "it's different".
QUOTE
1. Stavely has demonstrated that there are multiple porphyry phases at Thursday’s Gossan
2. Hosts structurally-controlled high-grade lode-style copper-gold-silver mineralisation similar to Magma, Arizona and Butte, Montana
3. Intercepts in 3 structures from 62m to almost 1,000m drill depth – very ‘tall’ system
4. Lots of ‘room to move’ – early days despite 40-year exploration history
5. Likely to be driven by a late stage porphyry yet to be seen – it’s still out there

the good stuff is deep. And that's expensive
  Forum: By Share Code

nipper
Posted on: Nov 30 2019, 08:11 PM


Group: Member
Posts: 6,543

That's what he's saying.

Though at 60c day traders are all over it. Would have been better with 100,000 at 20c
  Forum: By Share Code

nipper
Posted on: Nov 30 2019, 03:55 PM


Group: Member
Posts: 6,543

Broker overview
https://www.sharecafe.com.au/2019/11/25/may...specialisation/

Mayne Pharma ((MYX)) aims to transition away from its generics business, which is under increasing pressure, outlining at the company’s AGM aspirations for more than 60% of FY24 revenue to be generated by US specialty products.

This rebalancing will be led by the commercialisation of the licensing deal with Mithra, ramp up of new specialty products and optimising the women’s health portfolio... .
  Forum: By Share Code

nipper
Posted on: Nov 30 2019, 03:46 PM


Group: Member
Posts: 6,543

Saw an ad for MedAdvisor on prime time TV. They might be beginning to get traction.

And sadly, I can think of quite a few acquaintances that could use the app
https://www.medadvisor.com.au/Home/Features
  Forum: By Share Code

nipper
Posted on: Nov 30 2019, 03:38 PM


Group: Member
Posts: 6,543

QUOTE
iSelect (ISU) 55c

Having churned through four CEOs since listing in 2013 and with a history of missing earnings guidance, the consumer comparison site does not exactly compare well itself as an investment.

But management is making more with less, with full-year earnings rebounding 64 percent to $11.1 million, despite revenue declining 16 percent to $150.7m. However a “small ebit loss” is forecast for the current half.

The decline in turnover resulted from management shedding unprofitable lines. A venture to distribute via shopping centre kiosks has also been abandoned.

Originally a health insurance comparison site, iSelect expanded into energy, telco and insurance plans and a home loans alliance with Australian Financial Group.

While consumers will go to comparison sites to compare anything from power bills to air fares, the sector is crowded and commissions are under pressure.

A point of intrigue with iSelect are the intentions of rival Compare the Market, which accounts for 22 per of the iSelect register via a related entity.

iSelect is being taken to court by the Australian Competition and Consumer Commission, which alleges the company’s energy plan comparisons were skewed by the commissions paid by the energy retailers.
- never understood the biz
  Forum: By Share Code

nipper
Posted on: Nov 30 2019, 09:03 AM


Group: Member
Posts: 6,543

Deserves its own thread
Orthocell – The Next Big Winner In The Regenerative Sector

https://www.sharecafe.com.au/2019/11/29/ort...erative-sector/
  Forum: By Share Code

nipper
Posted on: Nov 30 2019, 07:03 AM


Group: Member
Posts: 6,543

.3D Printing Is A Manufacturing Game-Changer....
https://www.sharecafe.com.au/2019/11/27/3d-...g-game-changer/

- lots of companies mentioned here; none on ASX
  Forum: By Share Code

nipper
Posted on: Nov 29 2019, 04:33 PM


Group: Member
Posts: 6,543

Happy to counterclaim for IP and the like .... thinking infrastructure, cars, mobile phones; why there's a lot of material things.
  Forum: Off Topic Chat

nipper
Posted on: Nov 29 2019, 04:03 PM


Group: Member
Posts: 6,543

unless this ZIP had a $60mill raise, I think you'll find it is Z1P capital raise
  Forum: By Share Code

nipper
Posted on: Nov 29 2019, 04:02 PM


Group: Member
Posts: 6,543

QUOTE
Zip Co Limited is pleased to announce a proposed $60.0m capital raising

• $50.0m non-underwritten Placement to professional and sophisticated investors Capital Raising
• Zip is also seeking to raise $10.0m in a Share Purchase Plan to all existing eligible shareholders
The Offer Price of $3.70 per share represents a:
• 5.6% discount to the last close of $3.92 on 28 November 2019
• 4.7% discount to the 10-day VWAP of $3.88

Funds raised under the Placement and SPP will used to :
• Fund Zip’s global expansion into the UK market
• Expand Zip’s product range, including the launch of Zip Biz
• Increase investment in product and technology
• Strengthen Zip’s balance sheet
  Forum: By Share Code

nipper
Posted on: Nov 29 2019, 11:09 AM


Group: Member
Posts: 6,543

QUOTE
".... We are seeing a continual increase in demand for brownfield drilling services relating to most commodities and spanning across most
geographies. We are also seeing early signs of more favourable contract terms and conditions including pricing.”
Nathan Mitchell, Chairman, Mitchell Services Drilling Ltd
  Forum: By Share Code

nipper
Posted on: Nov 29 2019, 09:42 AM


Group: Member
Posts: 6,543

QUOTE
"We are encouraged by order intake levels, which have been progressively increasing over the past four months. If this trend continues, the current downturn is likely to be the shortest I have experienced in the past 30 years.”
Lindsay Partridge, CEO, Brickworks Ltd

“In Australia the combination of the residential market returning to growth from FY21, and increasing levels of infrastructure spend, have resulted in forecasters predicting a relatively strong outlook in the medium term.”
Ross Taylor, CEO, Fletcher Building Ltd

“Home loan activity rebounded strongly in the first quarter of FY20, with interest rate cuts and an active property market driving record mortgage volume.”
David Bailey, CEO, Australian Finance Group
  Forum: By Share Code

nipper
Posted on: Nov 29 2019, 09:29 AM


Group: Member
Posts: 6,543

QUOTE
If it hadn’t been for index heavyweights such as CSL, Macquarie Group, Transurban and Goodman, it would have been near impossible for the ASX 200 to reach for a new all-time high in 2019. Yet, the sad fact remains most investors don’t own shares in CSL, though some may have owned shares at some point throughout those 25 years.

The usual explanations heard are “too expensive” and “cannot get my head around it”. This goes both for the self-managing retail crowd as for professional fund managers. The logical observation to make here is that everybody who bought shares in CSL, no matter when or at what price, is today sitting on a profit.

With the shares trading on a FX-adjusted, forward-looking estimate of about 37 times FY20 earnings per share, it will nearly always be too “expensive” for typical value-seekers, while the implied 1.2 per cent dividend yield is too low for the income-hungry.

Maybe, without owning shares in the company, there are some valuable lessons to be learned from CSL for investors of all kinds and various levels of experience.

In 2019, all three major external factors have ultimately aligned to push CSL shares to a new all-time high. This is not necessarily always the case. When bond yields rise strongly in a short time, as they did in late 2016, CSL stock temporarily faces a formidable headwind.

When the dollar strengthens against foreign currencies, this also tends to create a headache, and similar underperformance follows when investors temporarily favour cheaper-looking, beaten-down cyclicals like they did when the GFC bear market ended in 2009-2010.

Another complicating matter is the fact that CSL is now the number three index component in Australia, which makes the stock more susceptible to general market sentiment. Whereas in the past the shares were at times able to not necessarily follow general market sentiment down, such idiosyncratic behaviour is a lot more difficult when large sell orders aiming to replicate the index hit the local market.

Most importantly, however, is that 25 years from the past show that whatever external factor is holding back the stock at any given point, as long as the business continues to perform, its shares will ultimately perform, too. As such, every period of weakness or stagnation in the share price ultimately proved a profitable entry point.

This takes us to the operational reliability that has become one of the trademark characteristics of CSL. How come most businesses cannot replicate the solidity and sustainability of CSL? Never a profit warning. Seldom an operational disappointment. This company, throughout various managers, has an almost alien-like track record in a sharemarket that regularly shocks through corporate failures and mishaps.

The answer is two-fold.

● First, CSL has managed to transform itself into the highest-quality benchmark for the plasma industry globally. It operates collection centres more efficiently than anyone else, which means it can open additional centres quicker and earn its investments back in a shorter time.

● Second, in line with general industry practice, CSL invests about 10 per cent of annual revenues back into its business to expand through new centres and to constantly develop new products. It has a rich history for discovering and developing new therapies and medical solutions, which is necessary in the fast-moving and ever-evolving biotech-medical world...
FN Arena
  Forum: By Share Code

nipper
Posted on: Nov 29 2019, 09:13 AM


Group: Member
Posts: 6,543

Westpac is in a pickle
QUOTE
the .... complex, divisive and sometimes fraught relationship between the market and proxy firms.

Depending on who you talk to, and the specific circumstances around an individual company, proxy advisers can be portrayed as all-knowing or completely detached from commercial logic, deeply influential or largely irrelevant, activist pests or righteous crusaders.

In recent years, directors have regularly warned against their growing power – but funnily enough, these warnings almost always seem to come from companies where there is some of governance controversy or an underperformance issue.
  Forum: Off Topic Chat

nipper
Posted on: Nov 28 2019, 05:39 PM


Group: Member
Posts: 6,543

QUOTE
...ended the quarter with cash of $454,388 prior to the equity placement of $6,768,444 (before costs), post quarter end on 10 October 2019. On 18 September the business received further funds from the Australian Governmentunder the Australian R&D incentive scheme. The business is well funded to progress its commercial and clinical milestones.

Operational Highlights
We continue to receive good results from our manufacturing in preparation for pending human clinical studies. During the quarter we received a positive response from the US Food and Drug Administration relating to a five-fold increase in scaled manufacture of RECCE 327® and drug quality following submission of a Chemistry, Manufacturing and Controls (CMC) data pack as part of the investigational drug application process.

A leading international clinical trial logistics group was contracted to handle dispatch and delivery of RECCE® 327 globally, according to FDA requirements.

International Interest Growing – The Company was invited to give the opening R&D address at the World Antimicrobial Resistance Congress in the US on 7 November
  Forum: By Share Code

nipper
Posted on: Nov 28 2019, 03:21 PM


Group: Member
Posts: 6,543

ALK looking more like a gold n Cu play, than rare earths, these days.
  Forum: By Share Code

nipper
Posted on: Nov 28 2019, 12:45 PM


Group: Member
Posts: 6,543

after visiting my friends at Alligator Creek, some 30km SE of Townsville, there was some lingering resentment as to how city boundaries were expanded, and the City Council now runs the hinterland (and incidentally how Townsville's population is now 193,000 whereas before amalgamation with was sub 100K). This expansion includes Woodstock on the other side of Bowling Green NP. Locals were seething/ suspicious/ paying rates and wondering where the services were.

everyone wants sleepy and quiet. Stasis is not a feasible reality.
  Forum: By Share Code

nipper
Posted on: Nov 28 2019, 11:49 AM


Group: Member
Posts: 6,543

insto placement and rights issue 1 for 8 at $0.55 to raise $54mill.

Tomingley - a new decline, + utilisation of mill to boost gold production and increase cashflow
Boda - step-out drilling
  Forum: By Share Code

nipper
Posted on: Nov 28 2019, 10:46 AM


Group: Member
Posts: 6,543

Kahuna has run with the outrage for a while, and the numbers seem to be getting worse:

Deaths of despair': Americans dying younger than other wealthy places.

http://www.smh.com.au/world/deaths-of-desp...53ejc.html?btis

QUOTE
The engine that powers the world's most potent economy is dying at a worrisome pace, a "distinctly American phenomenon" with no easily discernible cause or simple solution.

Those are some conclusions from a comprehensive new study by researchers at Virginia Commonwealth University showing that mortality rates for US adults ages 25-64 continue to increase, driving down the general population's life expectancy for at least three consecutive years.

The report, Life Expectancy and Mortality Rates in the United States, 1959-2017, was published in the Journal of the American Medical Association. It paints a bleak picture of a workforce plagued by drug overdoses, suicides and organ-system diseases while grappling with economic stresses.

"This looks like an excellent paper - just what we needed to help unravel the overall decline in life expectancy in the US," said Eileen Crimmins, an associate dean at the University of Southern California who's an expert on the link between health and socioeconomic factors.

In a trend that cuts across racial and ethnic boundaries, the US has the worst midlife mortality rate among 17 high-income countries despite leading the world in per-capita spending on healthcare.

And while life expectancy in those other industrialised nations continues to inch up, it has been going in the opposite direction in America, decreasing from a peak of 78.9 years in 2014 to 78.6 in 2017, the last year covered by the report.

By comparison, according to the Peterson-Kaiser Health System Tracker, the average longevity in similar countries is 82.2 years. Japan's is 84.1, Australia's 82.5, France's 82.4, Canada's 81.9 and Britain's 80.9. They left the US behind in the 1980s and increased the distance as the rate of progress in this country diminished and eventually halted in 2011

- between 1999 and 2017, midlife mortality from drug overdoses spiked by 386.5%
- in same period and cohort, deaths from hypertensive diseases increased 78%, and linked to obesity, up 114%
- suicides rose by 38%
  Forum: Investment Discussion

nipper
Posted on: Nov 28 2019, 08:52 AM


Group: Member
Posts: 6,543

...and now TLG is sending out a postcard, to eligible shareholders, reminding them the SPP closes on 06 Dec. Trouble getting money in the door?
  Forum: By Share Code

nipper
Posted on: Nov 28 2019, 08:44 AM


Group: Member
Posts: 6,543

QUOTE
...experienced, good tactician, knows present players in all form of the game, totally fair and unbiased.
... won't last, then?
  Forum: Off Topic Chat

nipper
Posted on: Nov 28 2019, 08:28 AM


Group: Member
Posts: 6,543

I think this is the same fund
QUOTE
Watermark-managed Australian Leaders Fund appears to have threatened to pull a proposed buyback if shareholders vote against the re-election of the board. The LIC will hold its annual meeting on Friday when chairman Justin Braitling and director John Abernethy are up for re-election.

After incurring a strike in 2018, Australian Leaders, also known as ALF, faces the risk of a second strike this week. If more than 25 per cent of shareholder votes are cast against the remuneration report, the board will face a spill motion. Mr Braitling, Mr Abernethy, Julian Gosse and Wilson Asset Management's Geoff Wilson are all directors.

Shareholders will also vote on whether to approve an estimated $45 million buyback, or up to 20 per cent of the LIC's capital.

However, an explanatory section attached to the notice of meeting cautioned that any changes to the board "will likely determine whether the buy back proceeds. There is no guarantee that that the buy back will proceed if the composition of the board changes."

The LIC sent a letter to shareholders late last week, which was seen by The Australian Financial Review, and again linked the prospects of a share buyback to the re-election of board members.

-- looks like the hotshots couldn't make it work. Might have established a name with unlisted fund and small amount of FUM. Then set up a LIC with broad / eclectic mandate.
- trading around $1, with latest NTA at $1.19.
- Withdrew from international equities.
- But managed to underperform by 17% in year to Sept.
  Forum: By Share Code

nipper
Posted on: Nov 28 2019, 08:15 AM


Group: Member
Posts: 6,543

Foolish x2 post
  Forum: By Share Code

nipper
Posted on: Nov 28 2019, 08:15 AM


Group: Member
Posts: 6,543

QUOTE
Given that TLS shares are up 2.71% today at $3.71 a share (at the time of writing), it’s clear the market is responding well to the ASX’s largest telco.

Telstra shares had a phenomenal run over most of 2019 – rising from $2.77 in January to over $4 by August. However, this momentum seemed to stall shortly afterwards, and Telstra shares have been trending lower ever since, hitting $3.40 by September and hovering around the $3.50–3.60 range until this week.

The source of this goodwill was an investor day presentation the company hosted this morning. In this presentation, Telstra reaffirmed its FY20 earnings guidance, in which it expects to see its underlying earnings before interest, taxation, depreciation and amortisation (EBITDA) increase by $500 million. This number excludes the ongoing impact of the NBN, which has been wreaking havoc on Telstra’s books for years now.

It appears that Telstra’s T22 cost cutting strategy, which was announced a few years ago, has been making significant progress and is on track for cumulative savings of around $2.5 billion by FY22.

What about Telstra’s dividend?
More importantly for shareholders, Telstra also reaffirmed that it expects free cash flow to come in between $3.3 billion and $3.8 billion for FY20. Whilst Telstra did not provide any guidance for its 2020 dividends today, we can look back and see the company’s FY19 dividends amounted to a cost of $2.259 billion. This indicates to me there is more than enough free cash flow to sustainably cover a continuation of Telstra’s current 16 cents per share payout going forward.

That will be good news for long-term shareholders who have endured big cuts to their TLS dividend payments in recent years.

Foolish takeaway
Nothing is certain in investing, but from where I’m looking, Telstra’s dividend payments look very sustainable at their current levels. Unless a major shock or black swan event hits Telstra down the road, I can see a path back to growth for the Telstra dividend going forward looking at today’s numbers.

Motley Fool
  Forum: By Share Code

nipper
Posted on: Nov 27 2019, 05:49 PM


Group: Member
Posts: 6,543

rough calculation (formula = 5 day volume weighted average price less 2%) suggests that WBC SPP (up to $30k, closing next Monday 02/12) will be priced ~$24.75.

With the CEO and 2 directors soon out the door, despite AUSTRAC, is this price a buy opportunity?

  Forum: By Share Code

nipper
Posted on: Nov 27 2019, 02:13 PM


Group: Member
Posts: 6,543

QUOTE
[Catalyst's] share placement will strengthen the Company’s working capital position and enable it to continue to move forward with its advanced projects at the Four Eagles Gold Project and Tandarra
Gold Project .... [+ other exploration work].

it was Gina Hancock's company that put money into Catalyst's placement; together they have the Four Eagles lease.

And Catalyst CYL has 51% of Tandarra with NML holding the rest. Now both companies have some cash to advance their Tandarra plans, amongst several projects?
  Forum: By Share Code

nipper
Posted on: Nov 27 2019, 11:17 AM


Group: Member
Posts: 6,543

And above $280

....if the banks tank, it could eclipse CBA and be largest ASX biz in terms of M/C !
  Forum: By Share Code

nipper
Posted on: Nov 27 2019, 09:58 AM


Group: Member
Posts: 6,543

QUOTE
.... ASIC is conducting a preliminary investigation by way of a Search Warrant, in relation to the trading of certain securities...


🕶️🕵️⚖️
  Forum: By Share Code

nipper
Posted on: Nov 27 2019, 08:42 AM


Group: Member
Posts: 6,543

raising some capital; taking on a new Core Manager (now #6):
QUOTE
....1 new share for every 8 existing shares held on the record date. (last week)

Due to the strong performance of HM1 since listing just over a year ago, this offer price of $2.50 per New Share represents a discount of 20% to HM1’s closing price of $3.13 on 22 November 2019, a 19% discount to our most recently announced Post Current Tax NTA of $3.09 per share and a 18% discount to TERP of $3.06.

The Entitlement Offer is renounceable. Accordingly, if you do not wish to take up your Entitlement, you may sell all or part of your Entitlement on ASX between Friday 29 November 2019 and Monday 9 December 2019 (inclusive) or sell or transfer all or part of your Entitlement directly to another person.

Overview
The net proceeds raised from the Entitlement Offer will be used by HM1 to allocate funds to our new Core Fund Manager, TDM Growth Partners. As with our other Core Fund Managers, the allocation will be invested in the three highest conviction investment ideas of TDM.
  Forum: By Share Code

nipper
Posted on: Nov 26 2019, 09:28 AM


Group: Member
Posts: 6,543

Clear the decks

Chief financial officer Peter King will be acting CEO

Longstanding chairman Lindsay Maxsted will bring forward his retirement to early 2020.


Is yr powder dry, eb?
  Forum: By Share Code

nipper
Posted on: Nov 26 2019, 09:19 AM


Group: Member
Posts: 6,543

QUOTE
CEO Brian Hartzer will pocket fixed pay of $2.7 million, but will forgo a much larger amount of up to $22m in short-term and long-term bonuses as a result of the explosive Austrac legal action. The bank announced Mr Hartzer would step down as CEO on December 2 and be paid out his 12 month notice period.

He has fallen on his sword given the financial crimes agency, Austrac, lodged damaging action against the bank last week alleging it breached the law 23 million times and helped facilitate child exploitation.

“Both Mr Hartzer’s unvested deferred short-term variable reward and unvested long-term variable reward will be forfeited,” Westpac’s statement to the ASX said. “In addition to forgoing his FY19 short-term variable reward, Mr Hartzer will also not be eligible for short-term variable reward in FY20 or FY21.”
  Forum: By Share Code

nipper
Posted on: Nov 26 2019, 07:30 AM


Group: Member
Posts: 6,543

Into VA.... Couldn't get the money. Last post talked about getting the capital some 7 years ago? (assuming its the same crowd).

Gold's still in the ground, just that there's probably not enough of it?

https://www.australianmining.com.au/news/mi...administration/
  Forum: By Share Code

nipper
Posted on: Nov 25 2019, 09:13 PM


Group: Member
Posts: 6,543

QUOTE
Nufarm has shed more than $400 million in value after declaring an earnings downgrade on rebate issues in Germany and severe trading conditions in North America. The latter will cost the company $20 million in earnings before interest, tax, depreciation and amortisation (EBITDA), and the company blamed it on lower demand and high inventories.

"Trading conditions have been difficult for [the 2020 financial year] to date," a statement to the ASX said. "And this has resulted in lower earnings in all regions for the first quarter compared to the prior year."

Investors were hardly understanding, sending Nufarm's share price tumbling down almost 18 per cent to $5.07 in early afternoon trading on Monday,
. - seasonal fluctuations?!?!?
  Forum: By Share Code

nipper
Posted on: Nov 25 2019, 09:04 PM


Group: Member
Posts: 6,543

QUOTE
There are [good] reasons for the enthusiasm that investors have shown for Caltex’s plan to float a property trust filled with 250 of its prime petrol stations, which could pump as much as $850 million into its coffers. Caltex shares jumped 6.7 per cent to $29.71, and are now up 44 per cent since late June.

Firstly, there’s excitement at the guts of this deal. It cleverly allows Caltex, which trades at about eight times earnings before interest, tax, depreciation and amortisation (EBITDA), to re-rate a portion of its business to about 20 times EBITDA, where property trusts trade.

This multiple arbitrage delivered good results for Telstra earlier this year, which spun off property and infrastructure into a separate vehicle, in a deal also managed by Caltex’s banker, UBS.

The Caltex property trust will generate annual rents of $80 million to $100 million, which values the trust’s assets at about $1.7 billion, before gearing. Caltex will own 51 per cent of the properties, to ensure it controls the properties that are central to its operation.....

QUOTE
First and foremost, it takes advantage of multiple arbitrage opportunities, without changing the underlying operations in any way.

"You’ve got an almost insatiable hunt for yield out there in the market and when you couple that with the Caltex reputation … that’s a very attractive proposition," Halliday says.

Second, it allows the market to see, every day, what the property in Caltex is really worth – something that isn't easy to do right now.

And finally, it creates the opportunity for big returns to shareholders. Sounding more like the CFO of BHP than the CFO of Caltex – and that's no bad thing, mind you – Halliday says the company will carefully consider its options under the capital allocation framework, but it is very much aware of what investors want.

"We are very mindful of the very large amount of franking credits that we sit on that are very highly valued by our shareholders."

The team at UBS are confident that the IPO, scheduled for early next year, should do well partly because of what it is (a property trust delivering yield in a world hungry for it) and partly because of what is isn’t (backed by private equity).

Barring a market meltdown, the deal is likely to be snapped up in the coming months.
- Chanticleer AFR
  Forum: By Share Code

nipper
Posted on: Nov 25 2019, 07:44 PM


Group: Member
Posts: 6,543

QUOTE
Cann Group Ltd (ASX: CAN): The cannabis company’s shares are currently the worst performers on the All Ordinaries on Monday afternoon. At one stage they were down by 33% to 49 cents. They have since narrowed this decline slightly, but are still down 27% to 53.5 cents at the time of writing.
Why is the Cann Group share price crashing lower?
Investors appear to be selling Cann Group’s shares today after looking over the production plans it announced last week. Previously, the company was planning to complete the Mildura facility in a single stage development. This would give it a total capacity of 70,000 kgs of cannabis flower at an estimated project cost of $184 million. This was expected to generate annual revenues of approximately $220 million to $280 million

However, in response to weaker than expected demand and an oversupply of cannabis, management intends to split its construction into three stages. It estimates that first stage production will be around 25,000 kgs. And while management hasn’t updated its revenue forecast yet, I suspect the market is anticipating a sharp downgrade. Especially given the abundance of cannabis flower and the limited use that its offtake partner, Aurora Cannabis, has for it at present.
....
It isn’t all doom and gloom in the cannabis industry on Monday. Both AusCann Group Holdings Ltd (ASX: AC8) and Botanix Pharmaceuticals Ltd (ASX: BOT) are up 4.5% following updates this morning.

The AusCann share price is up after appointing TGA-licensed Aspen Pharmacare Australia to provide packaging for its medicinal cannabis pharmaceutical products.

Whereas the Botanix share price is up after following a US DEA announcement. It advised Botanix’s partner Purisys, that its synthetic cannabidiol product is no longer scheduled as a controlled substance. Botanix Executive Chairman, Vince Ippolito, believes this change will make a major difference to the speed of developing its products and greatly reduces the risks and costs of clinical development..

Motley Fool
  Forum: By Share Code

nipper
Posted on: Nov 25 2019, 10:58 AM


Group: Member
Posts: 6,543

ANZ is quietly building a new Banking Platform

https://www.itnews.com.au/news/anz-is-quiet...platform-534394

... Five months into what could be 2 year project.
  Forum: By Share Code

nipper
Posted on: Nov 25 2019, 10:41 AM


Group: Member
Posts: 6,543

QUOTE
I’m not even sure if the title, ‘An Equilibrium of Disequilibrium’ makes any sense. The markets have, in my view, entered an almost somnolent state as we approach the final month of the year.

On the surface all is calm and stable, however, beneath the surface we have a number of unresolved issues which should be keeping us awake. It is in this regard that a recent article by Bill Dudley, former president of the Federal Reserve Bank of New York (2009 to 2018) and vice chairman of the Federal Open Market Committee, really caught my eye.

First of all I have to say that I very much agreed with everything he said. Dudley highlights several points that I have made, as have many others, for some period of time, namely the high levels of U.S corporate and government debt and the prospect that U.S inflation will be higher than the market currently anticipates.

I urge you to read this relatively short article and whilst there isn’t anything that we haven’t previously discussed, I feel he puts it all together rather well.

https://www.bloomberg.com/opinion/articles/...short-term-calm

In the meantime, and notwithstanding the concerns of an uneasy disequilibrium beneath the surface, equity markets are near record highs, with measures of investor complacency (VIX Index) loitering near record lows.

Similarly, some valuation measures-such as the price/sales ratio-are back to the nosebleed levels we saw at the height of the valuation insanity that prevailed in early 2000.

In addition, and I know that I have also said this before, we have a definitive decline in corporate profit margins.

All of this coupled with the inconvenient truth that we have just experienced a third consecutive quarterly decline in S&P 500 earnings per share...
..

It goes without saying that this has not been an earnings driven rally. The driver has obviously been the sharp decline in bond yields[/i].....
Jonathan pain
- I know he's a perma-bear, but he makes sense. But only in a conventional way, and these are unconventional times
  Forum: Investment Discussion

nipper
Posted on: Nov 25 2019, 10:05 AM


Group: Member
Posts: 6,543

My preferred sign-off is : Retired Gentlefolk of Limited Means
  Forum: Off Topic Chat

nipper
Posted on: Nov 24 2019, 08:46 PM


Group: Member
Posts: 6,543

QUOTE
a2 Milk provided solid revenue guidance and margin upgrades at its AGM, thanks to price increases, product launches and benefits from the Synlait Milk contract renegotiation. Improved disclosure addressed a number of market concerns, Macquarie notes. The broker has made only minor forecast adjustments but has lifted its target to $16.20 from $15.70.

Outperform retained
  Forum: By Share Code

nipper
Posted on: Nov 23 2019, 04:13 PM


Group: Member
Posts: 6,543

HM1 is an offshoot from the successful Sohn Hearts and Minds Conference, where investment manager get together in November to pitch their best ideas. The Sohn conference has been running for four years, and attracts a loyal following. As well as the pitches, some of which Blacksheep has listed elsewhere, the conference attracted Luminaries such as Ray Dalio and Howard Marks (who you could be sure had a full agenda elswhere, while in the country).

HM1 is a Listed Investment Company and was IPO'ed a year ago at $2.50 a share. An aspect of the LIC is that administrative work is done pro bono, both the contribution of the ideas and the registry and other back room work. There is a management fee of 1.5%pa based on the NTA, and this flows to medical research institutes; so far $20 million has been gifted. The FUM is now close to $600 million and the one-year return has been 25.6%. Currently the LIC is trading a few cents above its NTA.

The concentrated portfolio, of between 25-35 stocks, can be both Australian and International assets and comprises the best ideas of both 5 (soon to increase to 6) Core and 13 Conference Fund Managers. Approx 65% of investments are based on quarterly recommendations of the Core Managers while the other 35% are securities based on the annual recommendations of the Conference Managers. At present, about 10% is in cash but the LIC expects to be fully invested by end-December.

One of the recommendations doubled the money in a year, most report solid returns in excess of 50% while only one went backwards.

Some of the tips for the coming year (more can be found in individual threads) include
Nickel Mines (NIC)
Mineral Resources (MIN)
PolyNovo (PNV) .. short
  Forum: By Share Code

nipper
Posted on: Nov 23 2019, 03:13 PM


Group: Member
Posts: 6,543

QUOTE
Commodity research house CRU Group forecasts a supply gap of eight million tonnes by 2030 –and that’s in the context of the world producing about 20 million tonnes currently.

Virgo Resources CEO Quinton Hills describes copper as being in the “stasis zone” when little exploration takes place. But at the same time, the copper supply-demand gap means the equivalent of two OIympic Dams are required every year. “A lot of older mines getting too deep and are getting to the end of their lives,” he says.

The Perth based Virgo (proposed ASX code VIR) is relying on these dynamics as it tries to get its modest million IPO away before the yuletide madness descends.

Virgo’s focus is on its copper-ground tenements in the “safe and friendly” mining jurisdictions of Botswana and Namibia. The company’s lead project, its 70 percent owned Hope copper-gold ground in southern Namibia has an official (JORC) resource of 10.2 million tonnes, grading an average 1.9 percent copper with a bonus 0.3 percent gold (copper equivalent of 2.2 percent). Permits are in place to start drilling immediately after listing.

Virgo also has 15,000 square kilometres of tenements in the Kalahari copper belt in Botswana and there’s a bit of ‘nearism’ to this one. That’s because Cupric Canyon recently finalised a $650m funding package for its nearby Khoemacau copper-silver mine, which is a 92 million tonne resource grading 2.1 percent copper.

The ASX-listed Sandfire Resources (SFR, $5.61) owns the Botswana Copper Project, by way of its $167m takeover of MOD Resources. The AIM-listed Metal Tiger has also unearthed a new discovery “on strike and adjacent to” Virgo’s ground.

Virgo is seeking to raise a modest $5.5m at 20c apiece, with a view to listing on December 20. The raising would imbue the company with an overall tight market cap of $10.5m.

If anything, Virgo is a play on the pedigree of management. Virgo chairman Ian Murray is the former head of Gold Road, which has started production of the lustrous metal at its Gruyere mine in WA. CEO Dr. Quinton Hills is the former exploration manager of the now-defunct Discovery Metals, where he can claim credit for discovering the 100 million tonne Boseto Copper Project in Botswana.

Virgo plans aeromagnetic surveys of both the Namibian and Botswanan turf to get a bird’s eye view of the prospectivity. “If a similar (volcanogenic massive sulphide) deposit was in Australia or Sweden it would have been surveyed five to ten years ago,’’ Hills says. He adds that exploration is “hard and risky”, but we all know that don’t we?

https://www.sharecafe.com.au/2019/11/21/is-...-due-for-a-run/
  Forum: By Share Code

nipper
Posted on: Nov 22 2019, 03:49 PM


Group: Member
Posts: 6,543

QUOTE
Metcash shares have dropped more than 10 per cent to a four-month low after 7-Eleven chose not to renew its contract with the wholesale food and beverage supplier when it expires in August.

Metcash on Friday said its annual sales to 7-Eleven total about $800m a year, mostly in lower-margin tobacco products.

“Metcash was unable to reach agreement with 7-Eleven on its supply requirements for the east coast, including delivery routes and scheduling,” the firm said. However, Metcash said it was still in talks to continue to supply 7-Eleven stores in WA.
  Forum: By Share Code

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