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nipper
Posted on: Yesterday, 08:29 PM


Group: Member
Posts: 6,187

I think this evolution is a natural development, to scale up and hopefully counter the TransDev and Keolis type organisations. Macquarie is doing similar, acquiring outer suburban and country bus routes. As to the wasteland that is rail = too hard basket

Mostly, the consolidations stem from state governments abdicating their responsibilities (too hard with entrenched unions to reform sensibly). Most public transport only recoups a fraction of the cost, on a passenger per Km basis; the least worst outcome is to try and control the hemorrhaging.
  Forum: By Share Code

nipper
Posted on: Yesterday, 08:06 PM


Group: Member
Posts: 6,187

if ever there was a misappropriation of resources, it would have to be driving fast round and round, for no point. then flying to another place and doing the same

"bread and circuses"
  Forum: Off Topic Chat

nipper
Posted on: Yesterday, 02:21 PM


Group: Member
Posts: 6,187

yeah, triage, I remember a similar viewpoint expressed by you a while ago. They were smart to seize the occasion when it came along.

Tangible Assets (incl new plant & equipment) at the time were north of $2, so something with no goodwill and a bit of IP clearly was a "unique opportunity". (If only I knew that back then)
  Forum: By Share Code

nipper
Posted on: Yesterday, 02:16 PM


Group: Member
Posts: 6,187

Morgan Stanley research highlighted
QUOTE
...three key risks for the business: customer concentration, revenue and earnings exposure to changes in the Aussie dollar to greenback exchange rate and relatively low cumulative research and development investment possibly hindering the sustainability of its competitive position.

Damstra's combined global total addressable market was $US15.6 billion in 2018 and expected to grow to $US20 billion by 2020. According to the research, Damstra's revenues have increased at a 37 per cent compound annual growth rate (28 per cent organic) since the 2017 financial year.

"We forecast 39 per cent revenue growth in the 2020 financial year, driving EBITDA margin expansion to 20.1 per cent from 7.7 per cent in FY19," the analysts wrote.

The fast growth comes in the wake of Damstra being cast aside in early 2016 by labour hire firm Programmed after it merged with Skilled Group in a $750 million-plus deal. Damstra was owned by Skilled at the time of the merger, but was sold for $7 million after Programmed decided it was a "non-core" asset. Damstra's client based includes AGL, Glencore Coal, CPB Contractors and the NSW government's Department of Industry
  Forum: By Share Code

nipper
Posted on: Yesterday, 11:22 AM


Group: Member
Posts: 6,187

and $250 a share
  Forum: By Share Code

nipper
Posted on: Yesterday, 09:12 AM


Group: Member
Posts: 6,187

QUOTE
• Navarre has received subscriptions for the placement of 43.2M shares at $0.11 per share to raise $4.75 million
• The placement was heavily supported, with strong demand from existing and new investors
• On financial closure, Navarre will have approximately $10 million cash to undertake an aggressive 22,000 metre drilling program at its 100%-owned Stavely Arc and Stawell Gold Corridor mineral properties, and to contribute to its 49% share of exploration costs associated with the Tandarra Gold Joint Venture
• The Company commenced drilling last week at its Stawell Corridor Gold Project with a 13,500m drilling campaign comprising 5,000m of diamond drilling and 8,500m of air-core drilling

- why not, when things are hot?
  Forum: By Share Code

nipper
Posted on: Yesterday, 08:49 AM


Group: Member
Posts: 6,187

institutional placement to raise approximately A$30 million (with the ability to accept oversubscriptions) at A$0.44 per share. The Placement will be followed by a share purchase plan (SPP), capped at A$6 million
QUOTE
 88 wastewater and 20 water treatment plants sold in key geographies and larger custom-engineered projects underpin profitability
 FY18 revenue of US$101.1m, gross profit of US$34.5m and signed contracts for US$279m, with sustainable EBITDA profitability to be achieved by Q4 2019
 Key partnerships anticipating bulk orders which drive an inflection point for preengineered product sales
  Forum: By Share Code

nipper
Posted on: Yesterday, 08:44 AM


Group: Member
Posts: 6,187

aiming for a market that may be big: LIT now has 23.9% of Envirostream Australia

QUOTE
... This significantly enhances the Company’s exposure to the process of collecting and separating spent lithium-ion batteries (LIBs), a fundamental precursor to the recycling of battery chemicals.

LIT has already, at laboratory scale, successfully recovered metals from separated batteries, used the lithium so retrieved to regenerate cathode materials and, from those materials, manufactured coin-cell LIBs, testing of which vindicated the Company's aim of closing the loop on the energy-metal cycle.

Background
EA is the only company in Australia with the integrated capacity to collect, sort, shred and separate all the components of LIBs, including the lithium. Indeed, EA's infrastructure is essential to developing an environmentally responsible solution to the mounting problems spent LIBs represent. EA's collection and physical processing/separation of spent battery components makes for a perfect fit with LIT’s recycling R&D.
  Forum: By Share Code

nipper
Posted on: Yesterday, 04:34 AM


Group: Member
Posts: 6,187

QUOTE
ETF Securities Australia, which was founded by Graeme Tuckwell in 2003 and launched the world's first gold-backed exchange-traded commodity, will jointly list the SMSF Leaders ETF with online broker and investment adviser SelfWealth (ASX: SWF) The product was expected to start trading on the Australian Securities Exchange on Wednesday, but has been delayed by "administrative" hurdles.

Despite the delay, Mr Tuckwell believes the underlying investment philosophy of the fund reflects a new peer-to-peer zeitgeist in the ETF market, which is more sophisticated than traditional index-hugging funds.

Instead of mimicking the performance of broad indices like the S&P/ASX 200, ETF Securities' new robo-advice collaboration will track the portfolio activity of the top 10 per cent of self-managed superannuation fund investors in Australia. It uses data supplied by SMSF administrator BGL and obtained exclusively by SelfWealth.

"If you can match what the best investors do then you actually can outperform the index," Mr Tuckwell told The Australian Financial Review. "But it's not active management, it’s just tracking the best strategies. It steals all their best ideas."

Innovation in the ETF market has largely stalled, confined to a race to the bottom on fees, Mr Tuckwell said, citing the much-hyped moves by ETF behemoths Vanguard and Blackrock to undercut market pricing in Australia and the US.

Just more "product" for the lazy. How can it do a better job, harvesting others' ideas - presumably from ATO audit data, and package it up? Surely the presented data is old, by a year or so, and any decision making extending that due to the inertia of the "advice process".

(any 'sophistication' really is just an excuse to charge more??)
  Forum: Off Topic Chat

nipper
Posted on: Oct 15 2019, 10:02 PM


Group: Member
Posts: 6,187

QUOTE
Organisers to the offer at lunch time told the market that the bookbuild was filled at $1.78 a share, but tellingly said this was only the case if retail brokers could confirm that they could sell $330m Latitude stock to mum and dad investors.

They couldn’t. Retail investors have not historically done well buying into private equity backed ASX floats such as Latitude

all those snouts, jostling at the trough; an inglourious spectacle of myopic self-interest.
  Forum: By Share Code

nipper
Posted on: Oct 15 2019, 08:16 PM


Group: Member
Posts: 6,187

beyond belief (but who cares).
QUOTE
The silence was deafening out of the Latitude Financial Group camp on Tuesday night.

With the biggest initial public offering of the year at stake, there was no chest beating by bankers, no crowing to fund managers about expected after-market gains and no corks popping inside the offices of KKR, Varde Partners and Deutsche Bank.

The float was pulled.

It is understood Latitude's three financial investors came the the decision after consideration their options on Tuesday night in conjunction with their brokers Goldman Sachs, Macquarie Capital and UBS. The brokers had spent the day in the market trying to drum up bids worth $1.04 billion at $1.78 a share.
  Forum: By Share Code

nipper
Posted on: Oct 15 2019, 06:21 PM


Group: Member
Posts: 6,187

I liked the report that the supplier had sold down just prior.. that would be someone with a finger on the pulse!

QUOTE
Nick Scali flagged a flat FY20 outlook all the way back on August 8. But you'd have to wonder if KUKA, the company's long-term manufacturer, but then also the company's largest shareholder, had a better read than most on how significantly Nick Scali's trading conditions had deteriorated.

In early September, UBS helped the Shanghai-based KUKA block-trade out of the ASX-listed retailer. KUKA accepted $6.85 a share for the 13 per cent stake it had paid Anthony Scali $7 a pop for only 20 months earlier.
AFR
  Forum: By Share Code

nipper
Posted on: Oct 15 2019, 12:28 PM


Group: Member
Posts: 6,187

MP1 made it through $10 this morning, but couldn't hold.

...but I continue to.smile.gif
  Forum: By Share Code

nipper
Posted on: Oct 15 2019, 09:49 AM


Group: Member
Posts: 6,187

QUOTE
Buying into the Australian and New Zealand medical device sector following the strategic acquisition of the LMT (“Life. Movement. Technology.”) and National Surgical businesses.

The acquisition provides EBOS with an initial entry point and strong platform for growth into the A$8 billion Australian and New Zealand medical devices sector.

LMT and National Surgical were co-founded by Jon Mills and Kerry Lawford and over the last 24 years have built a strong presence in Australia and New Zealand providing products and services to the Orthopaedic, Spine, Neuro, ENT, Plastics and most recently the Sports Medicine community. The businesses have developed a niche in bringing innovative specialty products, produced by original equipment manufacturers (OEM’s), into Australia, New Zealand and the Pacific region.

EBOS Chief Executive Officer John Cullity said, “The acquisition represents an important development in the Group’s growth trajectory as it is the first step in building another significant platform to our Healthcare portfolio.

“Medical device distribution presents a natural adjacency to our existing capability and offers strong economic fundamentals and promising organic growth rates,” Mr Cullity said. “Our strategy is to target specific therapeutic areas focused on ‘personalised healthcare’ which means quicker and more effectivescreening, diagnosis and treatment leading to a better healthcare service for our communities.

“Consistent with our proven strategy we will continue to grow our presence through further bolt-on acquisitions. As a truly independent partner we can provide long term growth opportunities to both existing and new OEM’s as we bring experienced management, capital resources and strong hospital relationships in the Australia and Zealand market,” Mr Cullity added.
  Forum: NZX

nipper
Posted on: Oct 15 2019, 09:39 AM


Group: Member
Posts: 6,187

QUOTE
archTIS signs agreement with ACIC for Kojensi Gov use by the National Criminal Intelligence System (NCIS) Program Team
• Procured via the DTA Cloud Marketplace, for an initial 150 users and up to 200 hours of additional services, archTIS expects user numbers to grow
• Kojensi Gov will be used to facilitate secure collaboration across all state, territory and Commonwealth law enforcement, law compliance and regulatory agencies involved in developing the NCIS

- from the recent Update: global enquiries coming faster than expected. Presenting to NATO and US Pacific Command in Oct/Nov
  Forum: By Share Code

nipper
Posted on: Oct 14 2019, 05:42 PM


Group: Member
Posts: 6,187

QUOTE
UBS were believed to be driving a decision to reprice Latitude Financial Group’s initial public offering lower on Monday as the private equity owners face a nervous wait to see if the deal will get across the line.

The company will now list with a $3.17bn market value and raise $1bn. It comes with the company’s shares being repriced at $1.78 per share on Monday after the pricing was fixed at the bottom of its range at $2 per share last Friday.

It is understood that investment bank UBS called clients over the weekend to test their appetite. The understanding is that investment banks leading the deal, which also include Macquarie Capital and Goldman Sachs, were eager to see the company trade well in the aftermarket, which was behind the decision, as the global IPO environment remains fickle.

- "eager to see it trade well" .... that's one way of saying it !!
  Forum: By Share Code

nipper
Posted on: Oct 13 2019, 05:36 PM


Group: Member
Posts: 6,187

Certainly in 'natural' or "normal" conditions, 2:03~2:05 was about the limit.

But even Bannister's mile was, for the age, a bit of a construct.
  Forum: Off Topic Chat

nipper
Posted on: Oct 13 2019, 11:57 AM


Group: Member
Posts: 6,187

QUOTE
“When people say it was obvious CSL would be a success, that is utterly incorrect. We were a ­typically under-scaled, low-tech, technology-dependent-on-others organisation.

“We had no export and we had a very limited future, except ambition. We refused to roll over and be another company that essentially, for good or bad reasons, gets acquired as part of a global roll-up.

“We were very determined not to see that happen without at least having an attempt to give us a future.”
Brian McNee

When it listed as a small-cap, it had revenue of $193m. It recorded revenue of $US8.5bn in 2019.
- now 90% of revenue generated offshore,
- more than 25,000 employees,
- sales in nearly 70 countries,
- has returned $US7bn ($10.3bn) in cash to shareholders via share buybacks since listing.
- R&D spend of $832mill in 2019.
  Forum: By Share Code

nipper
Posted on: Oct 13 2019, 10:39 AM


Group: Member
Posts: 6,187

QUOTE
CSL will mark 25 years since listing on Monday, when its remarkable success will be recognised. It debuted on the Australian Securities Exchange at a price of $2.30, and while many questioned its future, its young chief executive Brian McNamee was prepared to have a crack.

His global growth strategy has seen it become a $244 stock, making it the second-largest publicly listed company in Australia. (This does not include BHP’s London-listed shares.)

Dr McNamee, who is now chairman of CSL, says a lot of “very decent” people who put their money in CSL, probably not understanding what it did, had been well rewarded. A $1000 investment at listing would be worth $483,591 today.
244 X 3 actually

https://www.theaustralian.com.au/business/c...eac9f9679795c2f
  Forum: By Share Code

nipper
Posted on: Oct 13 2019, 10:34 AM


Group: Member
Posts: 6,187

QUOTE
The bricks business underpins Soul Pattinson’s core earnings. In Australia some 2000 acres of land bought for clay in the last century have delivered a property portfolio worth over a billion dollars. Yet the latest market interest in Soul Pattinsons has as much to do with its two other big listed investments, New Hope Coal and David Teoh’s TPG Telecom, whose own share values might be depressed. That depression, insists Rob Millner, rather more exercised, is all about regulation.

“Obviously we are constrained at the moment. We have got TPG in front of the ACCC. New Hope, where we are looking to get the Ackland stage three approval, that has been going on for 12 years. We have ticked all the boxes, we have just had the Court of Appeal give us another tick. We are just waiting for them to come down with their final decision and then hopefully the government will endorse that decision.”

Millner won’t be drawn on the controversial TPG-Vodafone merger case beyond arguing strongly that it would increase competition among telcos. If he does lose, however, he says it will be another knock on the head. This is a reference to the $100m that was sunk into building a new mobile network with Huawei technology and buying government spectrum, only to have Huawei black-listed by the government. “We spent $100m. I bet we don’t get any compensation back from them. There is too much control here. Every business we are involved in — New Hope, TPG, we are constrained in pharmacy in what API can do. We have got people telling us how to do it, when to do it and why to do it. It’s making it very, very difficult.”

In stark contrast, internationally Rob Millner is also living the American Dream.

In the past 12 months, he has bought the fourth-largest brick company in America, added a bolt-on and is looking at one more. Millner says that the team can now produce a brick in America and deliver it to Australia more cheaply than one made here. “And also we get a tax incentive from the American government to do that,” he adds. “Our energy costs here are three times more than America and our electricity costs are twice America’s.”

As if Millner needed any more convincing, a trip two months ago to Philadelphia with Brickworks chief Lindsay Partridge showed just how open for business America wants to be. “On a Monday night we had three senior people from the Pennsylvania government come and speak to us, asking us how can they help us and what can they do for me. And I said to this gentleman, ‘Sir, I have never had anything like this in Australia. You guys are unique wanting to help us. Everywhere around Australia we are getting headbutted — we have got headwinds in how we are going to do business’.”

Shareholders of Soul Pattinson might find Millner’s railing against state and regulatory intervention disconcerting but he is not alone. Many in business are exasperated by energy prices and the “big stick” intervention power that threatens to creep across to sectors beyond energy. Yet unlike many top floor leaders in this low-growth environment, Rob Millner is confident that he can still grow the dividend. Remarkably, the Soul Patts dividend has now been growing continuously since 2000.

“I think it can. We have some very good cash-generating businesses, some excellent people. It is also a track record that since floating in 1903, we have never missed paying a dividend,” he reminds proudly.

“I am constrained by people telling us what to do. If we can get New Hope approved and we get the Federal Court to give us the tick (on TPG) we are going to have an excellent year.” Then he pauses a second before adding: “I think we’ll have an excellent year anyway.”
https://amp-theaustralian-com-au.cdn.amppro...74d7bc2687f25cf
  Forum: By Share Code

nipper
Posted on: Oct 13 2019, 08:44 AM


Group: Member
Posts: 6,187

QUOTE
Roger Bannister, 1954. Neil Armstrong, 1969. Eliud Kipchoge, 2019?

Like the sub-four minute mile and walking on the moon, running a marathon in less than two hours had seemed impossible - until Saturday. So Olympic champion Kipchoge broke the barrier, the question arose as to where to rank his achievement in historical context.

The 34-year-old Kenyan completed the 42.195 kilometres (26.2 miles) in 1 hour, 59 minutes, 40.2 seconds at the INEOS 1:59 Challenge, an event set up for the attempt.
  Forum: Off Topic Chat

nipper
Posted on: Oct 12 2019, 06:27 PM


Group: Member
Posts: 6,187

QUOTE
Australia's economy is slowing down while still growing, but economists warn a number of key countries could hit recessions at the same time.

The Commonwealth Bank's Global Markets Research team says Germany is probably already in recession, while the United States, Japan and the United Kingdom have elevated risks of doing the same.

"Economic stimulus is not yet gaining traction in China. Brexit still looms large in the UK," the report released on Friday said. "The bottom line is a deeper synchronised downturn in the major economies is looking more likely."

The report says the team is most worried about the US and Japanese economies.

"The trade tensions between the US and its major trading partners has both destroyed and diverted trade," it says. "Ironically, the US trade deficit has widened"
  Forum: Investment Discussion

nipper
Posted on: Oct 12 2019, 09:16 AM


Group: Member
Posts: 6,187

QUOTE
Adveritas has TrafficGuard , a systematic that uses machine learning to help identify fraudulent downloads using machine learning software and as a result is one of the (if not the) the most advanced system available. By using signals and data that a mobile phone “gives off” every few milliseconds, the system can quickly detect whether you are a real user or a fraudster.

As a result of the sophistication of TrafficGuard, Adveritas has successfully signed several large key customers ....

Market cap $30 mill, listed for a few years.
rather gushing promo article...
https://www.sharecafe.com.au/2019/10/11/adv...download-fraud/
  Forum: By Share Code

nipper
Posted on: Oct 11 2019, 04:47 PM


Group: Member
Posts: 6,187

Hence the plea for collaboration!
  Forum: By Share Code

nipper
Posted on: Oct 11 2019, 03:51 PM


Group: Member
Posts: 6,187

National Hydrogen Strategy ...
..... at COAG, Dec 2018, the Strategy to be developed by Oct 2019.

Two weeks to go.

https://www.industry.gov.au/news-media/nati...s-have-your-say
  Forum: By Share Code

nipper
Posted on: Oct 11 2019, 03:31 PM


Group: Member
Posts: 6,187

Woodside sees large-scale hydrogen output by 2030

QUOTE
Woodside Energy expects that large-scale hydrogen production will occur around the globe by 2030, with Australia needing to invest heavily to be at the forefront of a sector which has similarities with LNG almost four decades ago.

Shaun Gregory, executive vice president of exploration and the chief technology officer at Woodside Energy, said hydrogen currently cost too much compared with other sources of energy, but the potential was vast and rapid advances are being made.

"Things are changing, and changing rapidly,'' Mr Gregory told The Australian Financial Review National Energy Summit.

Australia had abundant resources and was well-positioned to become a major player although heavy investment in infrastructure and capacity is required, along with the right regulatory standards to accelerate the industry. Consumer acceptance also needed to be cultivated. "This is going to take big investment,'' Mr Gregory said.

He said Woodside wanted to be at the forefront of a hydrogen export industry which could one day rival the LNG export industry, which had developed about 40 years ago in Australia.

Darren Miller, the chief executive of the Australian Renewable Energy Agency, said a ''collective effort'' is needed to advance hydrogen as an energy source but its potential is enormous to be a substantial disrupter. "I think hydrogen is going to be the Netflix of energy,'' Mr Miller said.

Australia should aim to eventually become a big export player, while starting off with a robust domestic industry. "We ought to aim for that export opportunity,'' Mr Miller said.

Alison Reeve, Taskforce Leader of the National Hydrogen Strategy, said up to 900 pieces of legislation may need to be altered to allow a hydrogen industry to develop, but the evolution of the industry would come by key players actually doing things. "We do need to learn by doing,'' she said.

Woodside's Mr Gregory said currently ''blue'' hydrogen from natural gas was about one third the cost of ''green'' hydrogen produced by electrolysis, and the cost gap needed to shrink. Mr Gregory cautioned against viewing the development of a hydrogen industry as a race, with a lot of collaboration needed. "Many see hydrogen as a bit of a race, a competition,'' he said.

Woodside has signed an agreement with Korean giant Kogas for a joint study on ''green'' hydrogen, an example of the collaboration required. "The end use customers are vital to every investment decision,'' Mr Gregory said.
https://www.afr.com/companies/energy/woodsi...20191010-p52zg0
  Forum: By Share Code

nipper
Posted on: Oct 11 2019, 03:22 PM


Group: Member
Posts: 6,187

Request for Information: ASX
QUOTE
We note the change in the price of HZR’s securities from a low of $0.38 to an intra-day high at the time of writing this letter of $0.515 today.

We also note the significant increase in the volume of HZR’s securities traded from 10 October 2019 to 11 October 2019.


Probably more on the hydrogen side than graphite. Transition to low carbon economy, and all that.
  Forum: By Share Code

nipper
Posted on: Oct 11 2019, 03:09 PM


Group: Member
Posts: 6,187

a lot of comment seems to be around the choice of Singapore, which doesn't have an auto industry, for the factory.
  Forum: Investment Discussion

nipper
Posted on: Oct 11 2019, 11:04 AM


Group: Member
Posts: 6,187

QUOTE
The recycling sector is undergoing significant structural changes with a move to increase recycling within Australia to support a transition to a circular [elimination of waste] economy."
Vik Bansal, CEO, Cleanaway Waste Management Ltd

= costs. Someone has to pay.
  Forum: By Share Code

nipper
Posted on: Oct 11 2019, 10:40 AM


Group: Member
Posts: 6,187

QUOTE
James Dyson, the inventor of the bagless vacuum cleaner, has cancelled his ambitious plan to build an electric car because the project was not commercially viable.

Dyson said his engineers had built a "fantastic car" and that the project was not being closed due to any failures in research and development.

"However, though we have tried very hard throughout the development process, we simply can no longer see a way to make it commercially viable," he told staff on Thursday.

The company had tried to find a buyer for the project but had not succeeded, he said.


QUOTE
Although Dyson is closing its automotive division, it said it would continue to develop solid state batteries, and other technology including vision systems, robotics, machine learning and AI.

"Our battery will benefit Dyson in a profound way and take us in exciting new directions," the 72 year-old founder said
  Forum: Investment Discussion

nipper
Posted on: Oct 11 2019, 09:57 AM


Group: Member
Posts: 6,187

QUOTE
Hardware giant Bunnings has made a small bolt-on acquisition in South Australia as part of its strategy to attract more trade customers, entering into an agreement to acquire leading South Australian retailer, Adelaide Tools.

The price of the acquisition has not been disclosed.

Adelaide Tools is a 70-year-old family-owned and operated business serving trades and high-end DIY enthusiasts through five Adelaide stores located at Oaklands Mower Centre. It also has an online offering more than 8000 products.

Bunnings managing director Mike Schneider said Adelaide Tools was a quality business with a great team, premium brands and a reputation for great customer and after sales service.

“The acquisition, which is subject to regulatory approval, will allow us to improve the way we connect, serve and engage with trade customers and is aligned with our strategy to accelerate the growth of the trade business,” Mr Schneider said.

“The business will continue to operate as Adelaide Tools and will give Bunnings insight into the dynamics of the trade specialist market. “While our businesses are very different, we see strong alignment between the Adelaide Tools and Bunnings brands with both businesses having a strong focus on team, advice and service. We believe this acquisition will deliver even more choice and convenience for trade customers."
  Forum: By Share Code

nipper
Posted on: Oct 11 2019, 08:37 AM


Group: Member
Posts: 6,187

Cryptocurrency backed by Gold
QUOTE
Blockchain, the technology behind bitcoin, Ethereum and Libra will now make it easier for consumers to buy and sell gold that is held in The Perth Mint vaults. The 120-year-old mint, which is the world's largest refinery of newly minted gold, has teamed with InfiGold to develop the Perth Mint Gold Token (PMGT).

"Our aim is to make gold accessible to as many people in as many places as we possibly can in the easiest way possible," The Perth Mint chief executive officer Richard Hayes said.

https://www.abc.net.au/news/2019-10-11/pert...ection=business
  Forum: Macro Factors

nipper
Posted on: Oct 11 2019, 07:35 AM


Group: Member
Posts: 6,187

"Playing with regression to get a false sense of precision"
...-- I like that quote.

Economists getting it wrong:
https://amp-ft-com.cdn.ampproject.org/v/s/a...43-db5a370481bc
  Forum: Off Topic Chat

nipper
Posted on: Oct 10 2019, 11:35 AM


Group: Member
Posts: 6,187

another summary:
QUOTE
The iSignthis Ltd (ASX: ISX) controversy is no nearer to resolution after the self-styled ‘paydentity’ business told investors the sudden suspension imposed by both securities regulators ASIC and the ASX was nothing to worry about.

In fact iSignthis claimed the suspension was good news as it gave it the opportunity to “clear up rumour and innuendo” around the business’s ownership structure and compliance with continuous disclosure obligations.

In its announcement the company referred to “significant media focus” over the ownership of iSignthis shares held in separate legal entities named iSignthis BVI and Red 5 Solutions Ltd.

According to the announcement, on 16 March 2015 iSignthis issued escrowed performance rights convertible into shares after two years (i.e. in March 2017) to the CEO, two family members, and a number of other named individuals.

It then denied that any directors or ‘related parties” have sold shares in iSignthis since its resisting in March 2015.

This is important because continuous disclosure obligations impose strict conditions forcing companies to disclose when directors or related parties (i.e husbands, wives, etc) sell shares in a business, as this is considered material information for public investors.

iSignthis also claimed that performance rights (convertible to shares) were issued to a number of individuals in Red 5 Solutions, but not of them were directors or related parties other than the CEO’s brother Andrew Karantzis.

The fact it claims none of Red 5’s iSignthis shareholders were legally definable as ‘related parties’ under its interpretation of the Corporations Act is important as this means it does not have to disclose whether anyone who held iSignthis shares in Red 5 had sold shares.

It did concede that the company secretary for Red 5 is the iSignthis CEO’s sister-in-law and different stakeholders are free draw their own conclusions from this situation.

Between March 2017 and September 2019 iSignthis shares went from 16 cents to as high as a $1.76 on the back of a series of announcements revealing huge growth in its gross processing turnover volume (GPTV) that it earns fixed fee revenue on.

Even at its last closing price of $1.07 it has a market cap of $1.17 billion as the share count and investor excitement balloons. In its announcement it also reminded investors ‘two previous audits’ have been conducted on its revenue figures with ‘no material concerns arising’.

So while the company claims it’s done nothing wrong, the suspension imposed by regulators is highly unusual in an otherwise lightly regulated local market.

For now though there’s absolutely no suggestion iSignthis is involved in any malpractice itself.

- smoke/ fire interface
  Forum: By Share Code

nipper
Posted on: Oct 10 2019, 11:20 AM


Group: Member
Posts: 6,187

as blacksheep posted in the MNS thread (as Prof Whittingham is a non-executive director with Magnis)

- "These brilliant minds changed the way human civilization interacts with energy.” It all started with Whittingham.
QUOTE
Dr. Whittingham, who is now based at Binghamton University in New York state, sought to make a stronger battery during the 1970s oil crisis, with the goal of eliminating the use of fossil fuels in energy production. Working at Exxon, he made the first functional lithium battery, using pure lithium metal for the negative end, or anode, and another material for the positive end, called the cathode.

The flow of negatively charged electrons from the battery’s anode to the cathode generates power. The cathode was also laced with positively charged lithium particles, or ions, which helped make the battery rechargeable. The battery, however, was still too expensive and dangerous for broad commercialization. Oil prices also dropped in the 1980s, and Exxon discontinued the project, but the field continued to forge ahead.

“It’s been great to see how it grew,” Dr. Whittingham said. “Lots of people helped it along the way, and now it’s a multi-billion dollar industry.”

Dr. Goodenough, also researching alternative power sources in the wake of the oil crisis, increased the battery’s storage capacity in 1980. He did that by changing the material that makes up the battery’s positively charged end, or cathode, which receives electrons. Dr. Goodenough’s change doubled the power of the batteries to four volts, increasing their potential as an energy source.

Dr. Yoshino fine-tuned the batteries by making the anode end out of lithium ions rather than solid metal, incorporating them into a carbon material, petroleum coke. The change made the batteries safer, lighter, less expensive to produce, and capable of being recharged hundreds of times.

Sony Corp. was first to commercialize the lithium-ion battery in the early 1990s, followed by a joint venture of Asahi Kase i Corp., which Dr. Yoshino is affiliated with, and Toshiba Corp.
  Forum: By Share Code

nipper
Posted on: Oct 10 2019, 11:12 AM


Group: Member
Posts: 6,187

previous ticker holder was a gold stock .. clearly went broke a while ago. Code reassigned:
QUOTE
Antipodes Global Investment Company Limited (APL) offers investors access to a long-short global securities investment portfolio with a currency overlay. Antipodes Partners Limited (the Manager) as the investment manager of the Company's portfolio.

- this is the LIC offshoot of a managed fund, set up by a couple of ex-Platinum guys, a few years ago. Not doing that well, in that it is bouncing along the bottom, producing monthly and annual numbers that have underperformed the relevant Portfolio Benchmark (MSCI All-Country) for quite a while.
QUOTE
Manager’s investment strategy is to invest in a select number of companies listed on global share markets that the Manager considers to be attractively valued and which represent clusters of uncorrelated sources of return. The portfolio typically has net equity exposure of 50% to 100% of the portfolio’s net asset value with a maximum allowable gross exposure limit of 150% of the portfolio’s net asset value.

The Company may also be invested in currencies, derivatives and other financial instruments (including cash) to achieve the investment objective and to reduce risk or manage the portfolio more efficiently.

Long positions focus on holdings with an attractive starting valuation (“margin of safety”) combined with sustainable business resilience borne out of any combination of competitive dynamics, product cycle, regulatory, management/financial or macro/style factors (“multiple ways of winning”). The opposite logic is applied for short positions.

- has embarked in a (daily) share buyback to try to rein in the "discount-to-NTA" dilemma. < currently ~ 95c while NTA is $1.13>
- meantime, pays a relatively robust fully franked dividend.
  Forum: By Share Code

nipper
Posted on: Oct 10 2019, 10:49 AM


Group: Member
Posts: 6,187

QUOTE
Magnis Energy Technologies Limited (ASX:MNS) is pleased to announce its Non-Executive Director, Distinguished Professor M. Stanley Whittingham, has been awarded the 2019 Nobel Prize in Chemistry for his work in developing the Lithium-ion battery.
  Forum: By Share Code

nipper
Posted on: Oct 10 2019, 10:33 AM


Group: Member
Posts: 6,187

QUOTE
Eureka Group Holdings Limited (EGH) is a property asset manager of senior independent living communities in Australia.

EGH focuses on flexible guest and care services with 32 owned villages and 9 villages under management representing 2,182 units.

- EGH seems to have stabilised after the widespread selloff across the sector 2017-18
QUOTE
Eureka Business Model
✓ Owner/Operator of independent rental accommodation with a focus on independent retirees who are completely or primarily supported by the Australian Government pension
✓ Target market represents a significant portion of the growing retirement population
✓ Objective to grow and scale the business, through acquisition of traditional villages and development of existing assets. Portfolio and greenfield developments to follow at a later stage
  Forum: Off Topic Chat

nipper
Posted on: Oct 10 2019, 08:54 AM


Group: Member
Posts: 6,187

QUOTE
Ramsay Health Care Limited (ASX: RHC)

The private hospital operator has gone on a bit of a rollercoaster over the past couple of years. Private health insurance affordability is troubling for younger policyholders, but there is growing healthcare demand for non-urgent operations because of the ageing population in the western world.

The European Capio acquisition is useful for earnings diversification, but I liked reading recently that Ramsay is looking for bolt-on acquisitions to expand its out-of-hospital care.

If Ramsay steadily becomes just a generalised healthcare business rather than just private hospitals then I think that would future-proof the business further and could make it one for hold for a long time to come.
MF
  Forum: By Share Code

nipper
Posted on: Oct 10 2019, 08:43 AM


Group: Member
Posts: 6,187

QUOTE
Talga has significantly progressed the qualification of its Talnode®-C product with target customers, commenced the Stage 1 Definitive Feasibility Study for the Vittangi graphite anode project, and has been reviewing a number of potential financing options.

To this end, the Company is pleased to have signed a mandate under which Macquarie will act as financial adviser to the Company with a focus on engaging strategic partners and investors in regards to financing of the Project (Stage 1 and Stage 2).

The engagement also includes exploring the merits of an additional listing on the London Stock Exchange at the appropriate time.

- getting serious?
  Forum: By Share Code

nipper
Posted on: Oct 10 2019, 07:33 AM


Group: Member
Posts: 6,187

QUOTE
Pet insurance: For bad insurance riddled with exclusions

Out of 86 pet insurance policies reviewed by Choice, none were recommended.

“Pet insurance is the insurance a business sells when it wants to make money without providing any service at all,” Mr Kirkland said.

“Riddled with exclusions and technicalities, pet insurance is one of this country’s worst value insurance products. It relies on emotionally manipulating your love of your pet to sell you worthless insurance.

“This year Choice found this industry so bad we refused to recommend any policy. There was not a single policy that we could in good conscience suggest that pet owners consider buying.

“This also highlights why insurance companies shouldn’t be exempt from laws against unfair contract terms — it’s vital this special loophole for insurers is closed.”
  Forum: Off Topic Chat

nipper
Posted on: Oct 9 2019, 05:03 PM


Group: Member
Posts: 6,187

An Alyssa Healy century helps Australia cruise to a world record 18th consecutive one-day international win by thrashing Sri Lanka by nine wickets in Brisbane.
  Forum: Off Topic Chat

nipper
Posted on: Oct 9 2019, 10:58 AM


Group: Member
Posts: 6,187

QUOTE
On 30 August 2019, VanEck Investments Limited announced that it is simplifying the way Australian investors can gain exposure in the VanEck Vectors Gold Miners ETF.

Trading in shares of the US Fund are settled by CHESS Depository Interests which are also issued by VanEck Vectors ETF Trust. The Trust on 30 August 2019 has applied to ASX Limited for the shares in the US Fund and corresponding CDI programme to be removed from Trading Status.

Removal of the US Fund shares and its corresponding CDI program is part of a reorganisation which involves the admission of a new Australian domiciled feeder fund, VanEck Vectors Gold Miners ETF GDX
  Forum: Macro Factors

nipper
Posted on: Oct 9 2019, 10:03 AM


Group: Member
Posts: 6,187

QUOTE
....extracting the rare earth elements from their host rock is chemically complex and expensive, requiring large quantities of energy, water and acid, often leaving radioactive waste. There are about a half-dozen listed companies with Australian rare earth deposits while several more Australian miners have promising prospects in other parts of the world. All are trying to secure the funding for their developments and tie down prospective customers in firm contracts.

All spin the same stories of an outlook of booming demand as electric cars take off and wind power supplies a rising share of global energy. Several are making progress, although sales deals tend to be more statements of intent rather than contracts. None appears close to gaining funding for the full development, which would be in the $500m to $1bn range. The most advanced among the hopefuls is Northern Minerals, which has a pilot plant and recently secured a sales deal with German metals company Thyssenkrupp for its entire output....

https://www.theaustralian.com.au/commentary...872d2098f9da1d1
  Forum: Investment Discussion

nipper
Posted on: Oct 9 2019, 08:41 AM


Group: Member
Posts: 6,187

QUOTE
The CSL share price is near a record high of $242.10 this morning after a number of bullish notes out of popular sell side research desks including Goldman Sachs, Morgan Stanley and Credit Suisse.

The latest round of upgrades to price targets is on the back of brokers’ data points suggesting strong demand for CSL’s core immunoglobulin products used to treat patients by healthcare providers globally.

Credit Suisse and Goldmans have a $249 share price target on CSL, with Goldman’s noting the healthcare giant is guiding for FY 2020 earnings growth of 13%-17% on sales growth around 13% if you back out the one-off hit associated with the change in Chinese albumin distribution.

Over the medium term this change should actually help boost CSL’s sales and margins in a fast-growing Chinese market.

Overall, Goldman’s is forecasting 12% earnings per share growth through to FY 2022 to reach its $249 12-month share price target today.

The caveats being that CSL is already richly valued with it trading on 30x Goldman’s estimates of FY 2021’s earnings per share, or at 24x its forecast for FY 2020’s EBITDA at $249 per share.

For investors worried that CSL shares are already up 33% in 2019 alone, there are a few points to keep in mind.

As Goldmans and other brokers acknowledge CSL is a blue-chip delivering consistent double-digit organic growth mainly thanks to the strong underlying demand for its core immunoglobulin products.

This suggests it has a strong market position and a surprisingly common investing mistake is to underestimate how long these kind of strong underlying growth trends can continue.

Consider that CSL is largely servicing public healthcare sector demand where there’s unlimited and unending public pressure for more spending on public health services.

Another point to note on ‘broker valuations’ on these type of growth businesses is that the common “sum of the parts” methodology of the present value of future cash flows is directly dependent on the discount rate used.

As global interest rates fall discount rates are being lowered to boost the ‘sum of the parts’ valuations.

Genuine blue-chip growth businesses like CSL are likely to enjoy fruitier valuations from analysts today if the growth they offer continues to become more valuable in a world where other risk-on or risk-off investment returns become increasingly feeble.

Another point to note, but not easy to quantify for even Australia’s leading healthcare analysts is that CSL is growing free cash flow at double-digit rates while reinvesting heavily back into the business to research and develop new products.

The likelihood of new products such as the much vaunted CSL 112 contributing to free cash flow in the years ahead is hard to quantify in terms of future cash flows, but the point is CSL is able to invest heavily and grow profits at the same time.

Finally, CSL also offers exposure away from the soft domestic economy and provides leverage to any further weakness in the Australian dollar. This as cash rate futures traders bet on another rate cut and chatter turns to the prospect of unorthodox central bank stimulus for the local economy.
Motley Fool
  Forum: By Share Code

nipper
Posted on: Oct 8 2019, 06:11 PM


Group: Member
Posts: 6,187

agree triage; from the very first post on this thread, 2014 timeline, when SVY was listed, the actions have been old school (in the best possible way). At the time of the IPO it was reported:
QUOTE
Cairns reckons there were other good reasons why Stavely was able to swim against the tide and pull in the $6.1m. "There was no cheap seed stock issued, other than to the main players in the business. We felt this would eliminate the likelihood of seed stock being sold into the market immediately,'' Cairns said. "Investors are sick and tired of seeing the value of their 20c subscription stock get sold down by insiders selling cheaper seed stock, and we were determined to do our utmost to ensure that does not happen with Stavely by funding the company to initial public offering (stage) by ourselves.''

Just a shame for early investors it took so long to find the mother lode

No objections to a CR; there's something to spend it on.
  Forum: By Share Code

nipper
Posted on: Oct 8 2019, 03:26 PM


Group: Member
Posts: 6,187

QUOTE
...as Trump's interest in Greenland shows, the United States is looking anywhere and everywhere to diversify its critical minerals imports.

Secretary of State Mike Pompeo met late September at the United Nations Assembly with representatives of nine other countries under the banner of the newly established Energy Resource Governance Initiative (ERGI).

As the name implies, the specific focus is on new-energy minerals such as lithium, cobalt and copper. The aim is to share "best practices on minerals management and governance" to promote "integrated and resilient supply chains" as the electric vehicle revolution builds momentum.

The list of participating countries includes major existing producer countries such as Peru, the Democratic Republic of Congo and Zambia but also potential future suppliers such as Botswana, Namibia and the Philippines.

Central to US minerals strategic thinking is the need to move beyond relying on any one country, even if it is a "friendly" one.

"We are looking for any source of supply outside China. We want diversity. We don't want a single-source producer," said Jason Nie, a material engineer with the Pentagon's Defense Logistics Agency (DLA).

- it's as easy as ABC*

*Anybody But China
  Forum: Investment Discussion

nipper
Posted on: Oct 8 2019, 02:30 PM


Group: Member
Posts: 6,187

QUOTE
Energy Resource Governance Initiative (ERGI)

Increasing demand for renewable energy, electric vehicles, and battery storage technologies will create unprecedented demand for energy resource minerals. ERGI is a U.S. Department of State, Bureau of Energy Resources (ENR)‐led effort
designed to promote sound mining sector governance and resilient energy mineral supply
chains. Through this initiative, ENR will engage countries
to advance governance principles, share best practices, and encourage a level playing field. ERGI will also promote resilient and secure energy resource mineral supply chains.

ERGI will focus on three strategic objectives:
1. Engage resource‐rich countries on responsible energy minerals governance. Demand for critical energy minerals could increase almost 1000 percent by 2050, straining the capacity of many countries to increase supply. ERGI will:  Share best practices on minerals management and governance
to foster open and transparent markets.  Support investment frameworks that attract top tier private investment committed to advanced extractive practices and clear operating procedures.  Promote responsible and sustainable mining practices.

2. Support resilient supply chains. Over 80 percent of the global supply chain of rare earth
elements, important minerals for electric vehicles and wind turbine components,
is controlled by one country. Other minerals have similar supply constraints.
Reliance on any one source increases the risk of supply disruptions. ERGI will:  Identify options to diversify supply chains.
 Facilitate trade and industry connections.
 Promote integrated and resilient supply chains.

3. Meet the expected demand for clean energy technologies. Global investment in mineral‐intensive renewable power generation and battery storage technologies continues
to outpace investment in fossil fuel power generation by over 100 percent annually. ERGI will:  Encourage development finance and export credit institutions to support responsible and sustainable mining projects.
 Facilitate modern resource surveys to understand energy mineral prospects.
 Emphasize the connection between renewable energy demand and the potentially adverse impact on mineral‐rich countries.
  Forum: Investment Discussion

nipper
Posted on: Oct 8 2019, 09:53 AM


Group: Member
Posts: 6,187

they probably will change name. SLK market cap of $400mill with Transit backing in with $635mill ! Reverse TO

Also new CEO will be from Transit. ... I would assume considerable degree of complexity in running Transit (despite long running Govt contracts)

other synergy I see .... Sydney Harbour tourism -> the SLK fleet and shuffling passengers around
  Forum: By Share Code

nipper
Posted on: Oct 7 2019, 08:13 PM


Group: Member
Posts: 6,187

Playing god .... they certainly take themselves seriously!!

(it does seem to be a collective mania in play)
  Forum: Off Topic Chat

nipper
Posted on: Oct 7 2019, 03:50 PM


Group: Member
Posts: 6,187

QUOTE
ASX-listed cruises and ferries operator SeaLink Travel Group is set to unveil a company-changing acquisition to broaden its portfolio and will ask investors to help fund the deal.

It is understood SeaLink is set to acquire Transit Systems, which is a family-owned bus company. It is expected to acquire the whole business, while the vendor will take a signifcant stake in SeaLink.

SeaLink is expected to seek to raise $150 million in a placement via Macquarie Capital, Ord Minnett and Taylor Collison to help fund the acquisition. The transaction is expected to be worth more than $300 million.

It comes as SeaLink has flagged its intention to expand its passenger transport operations to "create a multi-modal provider of transport".

Transit Systems has operations across the country including a metropolitan bus networks in Sydney, Perth, Adelaide and Melbourne. Among its operations, Transit Systems operates about 70 per cent of the passenger bus services in Adelaide for local commuters, after most routes were privatised in 2000

capital hungry. And on the Gov drip
  Forum: By Share Code

nipper
Posted on: Oct 7 2019, 03:31 PM


Group: Member
Posts: 6,187

QUOTE
........ as signs of global warming continue to mount, a push is on to find ways to draw CO2 from the atmosphere.

"It's now abundantly clear from the IPCC 1.5C special report that if we're going to restrict warming to 2 degrees or less, then mitigation of the reduction of emissions on its own is not enough," said Philip Boyd, professor of marine biogeochemistry at the University of Tasmania.

"We have to go beyond that and we now have to intervene in the climate."

https://www.abc.net.au/news/science/2019-10...ng-co2/11563584
  Forum: Off Topic Chat

nipper
Posted on: Oct 7 2019, 11:26 AM


Group: Member
Posts: 6,187

QUOTE
China — or, rather, the Chinese regime — is in trouble. Tuesday's gigantic parade in Beijing to celebrate the 70th anniversary of the People's Republic looked like something out of the late Brezhnev era: endless military pomp and grey old men. Hong Kong is in its fourth straight month of protests, marked and stained by this week's shooting of a teenage demonstrator. The Chinese economy is growing at its slowest rate in 27 years, even when going by the overstated official figures.

Meantime, capital is fleeing China — an estimated $US1.2 trillion ($1.8 trillion) in the past decade — while foreign investors sour on Chinese markets. Beijing's loudly touted Belt and Road Initiative looks increasingly like a swamp of corruption, malinvestment and bad debt. Its retaliatory options in the face of Donald Trump's trade war are bad and few.

And General Secretary Xi Jinping has created a cult-of-personality dictatorship in a style unseen since Mao Zedong, China's last disastrous emperor
- Brett Stephens; New York Times

... put that way, is it a lumbering beast, prone to collapse? That would have to be the US wish, though any such reversal won't be silo'ed. Messiness; almost guaranteed,
  Forum: Investment Discussion

nipper
Posted on: Oct 7 2019, 10:54 AM


Group: Member
Posts: 6,187

Accretive
QUOTE
MDR launched a capital raise seeking $15.0m via a Placement which, with strong demand, was significantly oversubscribed resulting in the company raising A$17.0 million at an issue price of $0.05
• US healthcare solution provider HMS Holdings Corp (NASDAQ:HMSY) was a cornerstone investor in the Placement, investing $11 million
• The Issue Price of $0.05 represents an 11% premium to the last close price of $0.045
• Following completion of the Placement, HMS will become the largest shareholder, with a ~13% holding
• MedAdvisor also welcomes new institutional and sophisticated investors as shareholders through the Placement
• Funds raised will accelerate international expansion through MedAdvisor’s synergistic partnering strategies in the US, South East Asia and the UK, as well as driving domestic growth through sales, marketing and technology developmenttaking the business towards cash break even
• HMS has a significant US national footprint, providing technology and analytics solutions to healthcare funders including more than 325 health plans, government agencies and other healthcare organisations, including patient engagement programs
• MedAdvisor to become HMS’s preferred partner for the distribution of digital health programs in the US and Australia

- up 20% and above issue price
QUOTE
Upon the completion of the transaction, HMS will be the largest shareholder in MedAdvisor with ~13% of the ordinary shares on issue, strengthening the register, joining existing strategic investors, EBOS Group and Sigma.

About HMS
HMS is a leader in healthcare payment accuracy and population health solutions with a significant US national footprint, including services to US federal government agencies, 40+ Medicaid agencies, 325 health plans, and more than 150 employer health programs.

HMS is actively working in the Australian market as the lead US partner of the Digital Health Co-operative Research Centre, the largest digital health research co-operative in the world, with funding from government, universities and businesses totalling over $200m (including funding from the Australian Government to cover a seven-year period from 2018).

HMS is using its extensive patient engagement expertise to address several global healthcare behavioural challenges. MedAdvisor’s existing Australian business, capabilities and platform are well positioned to help support HMS’ goals of delivering innovative solutions that help healthcare organisations reduce cost, improve health outcomes and enhance patient satisfaction.
  Forum: By Share Code

nipper
Posted on: Oct 7 2019, 10:24 AM


Group: Member
Posts: 6,187

Company change ...now New Energy Solar
QUOTE
New Energy Solar was established in November 2015 to invest in a diversified portfolio of solar assets across the globe and help investors benefit from the global shift to renewable energy. The Business acquires large scale solar power plants with long term contracted power purchase agreements. In addition to attractive financial returns, this strategy generates significant positive environmental impacts for investors.

Since establishment, New Energy Solar has raised over A$500 million of equity, acquired a portfolio of world-class solar power plants, and has a deep pipeline of opportunities primarily across the United States and Australia.

New Energy Solar’s stapled securities trade on the Australian Securities Exchange under the ticker, NEW.

Trading around $1.25, lists unaudited NAV at $1.61

QUOTE
The company notes the recent media speculation from news service SparkSpread regarding a potential asset sale.

While NEW intends to be a long-term owner of solar power assets, from time to time the Business tests the market value of selected assets. Such market value testing informs and, typically, reinforces the Business’ portfolio value. It also allows the NEW Board to regularly assess the risk-adjusted returns available from divestment compared to long-term asset ownership.

At this stage no decision has been made to proceed with any asset sale. NEW will keep investors informed if any decisions are made in this respect
.
  Forum: NZX

nipper
Posted on: Oct 6 2019, 07:50 PM


Group: Member
Posts: 6,187

The second coming of crypto will be huge, it's simple maths
by Jared Dillian

QUOTE
I like gold, but I like Bitcoin better - and I own both. The technology of blockchain is actually quite boring (a distributed, open ledger), and if you didn't take the time to learn about it, it would be easy to miss its significance. No government can ban Bitcoin or seize it. It is technologically impossible, without a piece of technology known as a quantum computer. It is the ideal way to move capital seamlessly and secretly around the globe at minimal cost.

I've found that people tend to be attracted to cryptocurrencies for different reasons. The true Bitcoin geeks are Utopians who envision a society unencumbered by centralised central banks with policy makers who tend to concentrate risk and mistakes. The finance guys, like myself, see a creeping authoritarianism in politics, which has the potential to translate into very illiberal economic policies. But there is more to it than that.

If you believe that Bitcoin has a future, then the math is simple. If you assume that only 0.5 per cent of the population has adopted Bitcoin, and that there are only 16 million to 17 million Bitcoins available, then as adoption inevitably increases the price of Bitcoin will rise significantly. But I also look at it in another way, which is that with every new technology, there is an initial bubble phase. Dot-com stocks in 1999, for example. The Internet held such promise, and investors were discounting that promise out into infinity and the bubble eventually burst.

But the promise of the Internet was real, and over 20 years that promise came to be realised, and a real bull market-not a bubble-developed. It seems like 99 per cent of the dot-com stocks disappeared, but a handful went to $1 trillion market caps. This pattern will be repeated with Bitcoin and blockchain. We've already had the initial bubble, replete with "CoinDaddy" and "Bitcoin Jesus."

Now we get down to the hard work of realising the potential of the technology, which could be as influential as the internet itself. I believe there will be another bull market, much larger than the first one where the potential is finally realised. Bitcoin is currently in a state of neglect. I don't think we'll have to wait 20 years for the second act
  Forum: Investment Discussion

nipper
Posted on: Oct 6 2019, 07:17 PM


Group: Member
Posts: 6,187

QUOTE
Australian shares are set to shake off their worst week in almost 11 months on Monday after a stellar jobs report in the US pushed the unemployment rate to a 50-year low. ASX futures were up 55 points, or 0.9 per cent, to 6542, with Friday's jobs report alleviating concerns the US economy was in dire straits.

Early in the week, the Institute for Supply Management manufacturing index for September fell to 47.8, its weakest level since June 2009. A few days later, the ISM's non-manufacturing index dropped to 52.6 for the month, its weakest print since August 2016.

But on Friday, the US non-farm payrolls report showed unemployment had dropped from 3.7 per cent to 3.5 per cent, its lowest level since December 1969.
  Forum: Investment Discussion

nipper
Posted on: Oct 6 2019, 12:39 PM


Group: Member
Posts: 6,187

QUOTE
At a time when interest rates are hitting all-time lows in Australia, dividends paid by Australian companies have never been stronger.

Despite a lot of negative commentary around the recent August reporting period, dividends paid by companies we follow increased on average by 9% compared to the same time last year, with the median increase being 3%.

However, not all investors and retirees have benefited from this dividend bonanza. Many, retirees, need to reassess their income generating investments to ensure they are invested in the best possible income generating equites. Dividend increases, for example, have been largely concentrated in the resources sector, with traditional income stocks like the big four banks and Telstra either maintaining or even cutting dividends. Telstra has already cut its dividend by 48% over the past two years.

A cut in interest rates – while it won’t lead to an increase in dividend income – may lead to increased investor demand for dividend paying stocks, potentially raising the capital values of some. Already, falling interest rate expectations have been the major driver of higher share prices in 2019.
Don Hamson

https://www.sharecafe.com.au/2019/10/03/inv...interest-rates/
  Forum: Investment Discussion

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


Group: Member
Posts: 6,187

QUOTE
The company has received Therapeutic Goods Administration approval for its paediatric cough diagnostic. This follows CE Mark approval for both children and adults which allows the company to market the device across Europe.

The bigger prize, achieving US FDA approval, is expected late in 2019 or early 2020. Morgans continues to fully risk commercial outcomes until there is insight into initial reception across Europe and Australia.

There have also been positive results in the company’s sleep apnoea study, showing high rates of accuracy when compared with at-home comprehensive sleep studies.

Speculative Buy (Add) maintained. Target is raised to $0.32 from $0.28.
  Forum: By Share Code

nipper
Posted on: Oct 6 2019, 10:25 AM


Group: Member
Posts: 6,187

and back to 40c, though we have a broker (Morgans) putting a target of 65c on it:
QUOTE
....the company is in the final stages of fitting out new premises and expects to commission its first 500tpa of equipment in the current quarter. The first anode contract is expected in the third quarter of FY20.

Novonix has written down the value of its non-core Mt Dromedary deposit and the BTS business by -$11m and -$5m, respectively.

Morgans still believes there is potential value in Mt Dromedary, should it be sold, but based on values of listed graphite peers reduces assumed value.

Growth assumptions for BTS are also reduced in line with inflation. Speculative Buy (Add) rating maintained. Target is reduced to $0.65 from $0.75.
  Forum: By Share Code

nipper
Posted on: Oct 5 2019, 06:24 PM


Group: Member
Posts: 6,187

High uncertainty, no moat

QUOTE
In a report on the initial public offering, Morningstar analyst Nathan Zaia says the offer risks being overvalued and has set a fair value estimate of $2 a share, which makes it a 3-star stock, with no moat – or sustainable competitive advantage.

“We don’t like that shareholders must commit without knowing the price and with the top end of the range 12.5 per cent above our valuation, we recommend investors don’t subscribe,” Zaia says.

Zaia has assigned a very high fair value uncertainty rating to Latitude, saying that despite an attractive dividend yield of 4.5 to 5 per cent, the long-term risk of recession and potential for capital losses should be considered.

Latitude currently has a zero-franking balance which means the timing of tax payments could result in dividends not being fully franked until fiscal 2021.

He also notes the business is highly leveraged, exposed to lower credit quality consumer finance and faces increasing competition from BNPL rival, Afterpay Touch Group (ASX: APT), whose share price has almost tripled this year.

“A key business risk stems from the credit quality of Latitude’s major assets, specifically personal loans, payments, instalment, credit card and BNPL receivables,” Zaia says. “These type of receivables are generally lower quality than mortgages. With the exception of Latitude’s motor loans, which make up only about 5 per cent of receivables, the firm’s assets are not secured.

“This means Latitude is sensitive to macroeconomic drivers, in particular the unemployment rate, the GDP rate and retail spending rates.” “Consumer demand could also see Latitude’s key merchants embrace BNPL with Afterpay boasting nearly 3 million users and more than 30,000 merchants transacting on its platform in Australia and New Zealand.”

Another risk is more regulatory scrutiny following the banking royal commission, which cracked down on financial services firms.

“Regulatory reform is likely to affect the profitability of Latitude’s insurance business,” Zaia says, “which accounts for 5 per cent of the group operating income. While small, it’s highly profitable.”

Valuing Latitude
Zaia’s base case fair-value estimate of $2 a share equates to a forward price/earnings ratio of 12.7, which is lower than the average of the major banks, and similar to rival consumer finance company FlexiGroup (ASX: FXL).

“We forecast $279 million cash net profit after tax in 2019, in line with management's $278.1 million guidance, and target compound annual NPAT growth of 8.3 per cent over the next five years. “We credit Latitude paying out around 65 per cent of cash NPAT as dividends - the midpoint of the firm's stated 55−75 per cent range. Our fair value estimate implies a dividend yield of 5.1 per cent...
Morningstar
  Forum: By Share Code

nipper
Posted on: Oct 5 2019, 05:05 PM


Group: Member
Posts: 6,187

One way to do it; investing for the long term (with a large amount of money):
QUOTE
Over the past 30 years, Yale dramatically reduced the Endowment's dependence on domestic marketable securities by reallocating assets to nontraditional asset classes. In 1988, nearly three quarters of the Endowment was committed to U.S. stocks, bonds, and cash. Today, domestic marketable securities account for less than one-tenth of the portfolio, while foreign equity, private equity, absolute return strategies, and real assets represent over nine-tenths of the Endowment.

The heavy allocation to non-traditional asset classes stems from their return potential and diversifying power. Today's actual and target portfolios have significantly higher expected returns and lower volatility than the 1985 portfolio. Alternative assets, by their very nature, tend to be less efficiently priced than traditional marketable securities, providing an opportunity to exploit market inefficiencies through active management. The Endowment's long time horizon is well suited to exploiting illiquid, less efficient markets such as venture capital, leveraged buyouts, oil and gas, timber, and real estate.

http://investments.yale.edu/?utm_source=We...9913cd-83781601
  Forum: Investment Discussion

nipper
Posted on: Oct 5 2019, 04:32 PM


Group: Member
Posts: 6,187

Yep, management by Actuarial Projections
QUOTE
....to ha[ve] enough cash to refund the estimated number of bonds due in any one year. Bonds are refunded when a resident leaves care or dies.

another Ponzi-esque set of circumstances, when/ if short-term liabilities overwhelm long-term tied up invested capital.
  Forum: By Share Code

nipper
Posted on: Oct 5 2019, 09:58 AM


Group: Member
Posts: 6,187

Gold: Silver ratio ... But, yes, as Mick states, it is
QUOTE
an artificial construct that has no intrinsic validity.

Silver Continues To Gain In Tight Market

https://www.sharecafe.com.au/2019/09/30/sil...n-tight-market/
  Forum: Macro Factors

nipper
Posted on: Oct 4 2019, 03:28 PM


Group: Member
Posts: 6,187

interesting that didn't show up as Market Sensitive. TLG has put on a few cents in last couple of days since 02 Oct Ann.

- still, only a grant to compete in a beauty contest
  Forum: By Share Code

nipper
Posted on: Oct 4 2019, 02:35 PM


Group: Member
Posts: 6,187

Definitely in the WES Chemical, Energy and Fertiliser announcement, recently, they used quite a few slides to explain the Kwinana complex (with an unstated wish the new bits would slot in well)
QUOTE
Wesfarmers was focused on planning for decisions around building a lithium concentrator at the Mt Holland mine near Southern Cross, and the hydroxide plant.

....and I presume there are a few lessons learnt from Tianqi's failed plant, next door?
  Forum: By Share Code

nipper
Posted on: Oct 4 2019, 12:16 PM


Group: Member
Posts: 6,187

Prog rock guitarist .... but Reine Fiske is Swedish, born 1972. Does a good job on recreating a sound

https://www.youtube.com/watch?v=zioI-W_En34j
  Forum: Off Topic Chat

nipper
Posted on: Oct 4 2019, 11:32 AM


Group: Member
Posts: 6,187

QUOTE
DevEx was mentioned as one to watch on the strength of its NSW porphyry hunt at its advanced Bogong and Junee projects, with the first holes to be drilled in the December quarter.

DevEx was 7.7c at the time and it has since moved on to 9.2c, after announcing on Monday it would be pulling in $4.6m at 8c in a two-tranche placement to accelerate the NSW program. It can thank Alkane’s 502m porphyry intersection grading 0.48g/t gold and 0.2% copper for stepped up investor support of its program.

Bogong is to be drilled first and as suggested here previously, it is kind of already a discovery given the existence of a hit of 54.9m at 1.1% copper from 6.1m and 9.2m at 2% copper from 39.6m in a hole drilled 45 years ago.

Having said that, there is just as much buzz around Junee, 60km north-west of Bogong. It is to test rocks under cover that the NSW Geological Survey suggested were prospective for large-scale Cadia and Northparkes-type porphyry systems in that it was a southern extension of the Junee-Narromine Volcanic Belt.

More than that, in recent days there has been the gossip that no less than the mighty Newmont of the US is currently drilling two deep holes in a nearby location, almost visible through the gum trees, as it were. Newmont is not going to be keeping the market informed on what comes of its drilling, unless of course it comes up with something special.
But for DevEx, it is at least a nice endorsement of its early move into the area that the market has become hot for.
Barry Fitzgeraldhttps://resourcesrisingstars.com.au/news-article/gateway-opens-gidgee-be-next-old-australian-gold-project-come-good
  Forum: By Share Code

nipper
Posted on: Oct 4 2019, 11:08 AM


Group: Member
Posts: 6,187

QUOTE
Magellan Financial Group ruled off its funds under management for September at $92 billion, almost unchanged since the end of August.

In September, Magellan experienced net inflows of $462 million, which included net retail inflows of $175 million and net institutional inflows of $287 million.

The Magellan High Conviction Trust has indicatively raised $862 million
but that is not included in the fund manager’s September numbers.

that's a lot of conviction. (10-15 stocks max.) How easy to exit if the luv dries up?
  Forum: By Share Code

nipper
Posted on: Oct 3 2019, 09:17 PM


Group: Member
Posts: 6,187

QUOTE
opportunistically taken over by the much more savvy Canadian pension funds
..but we, or at least Macquarie, taught them, with MIG into Hwy 407 way back when. As usual, the Oz follow-through was deficient.
  Forum: By Share Code

nipper
Posted on: Oct 3 2019, 08:06 PM


Group: Member
Posts: 6,187

Retired statistician solves Gaussian correlation inequality, a famous conjecture at the intersection of geometry, probability theory and statistics that had eluded top experts for decades.

https://www.quantamagazine.org/statistician...ality-20170328/

there's hope for us all
  Forum: Off Topic Chat

nipper
Posted on: Oct 3 2019, 04:09 PM


Group: Member
Posts: 6,187

and then
https://www.abc.net.au/news/2019-10-03/sa-p...-video/11570502
  Forum: Off Topic Chat

nipper
Posted on: Oct 3 2019, 10:30 AM


Group: Member
Posts: 6,187

nudging down to that number, eb
  Forum: Macro Factors

nipper
Posted on: Oct 3 2019, 09:45 AM


Group: Member
Posts: 6,187

Canadian Pension Fund buying Websters ... $2.00 in cash
  Forum: By Share Code

nipper
Posted on: Oct 2 2019, 04:02 PM


Group: Member
Posts: 6,187

Taking the view LFS is an "index fund" stock. Don't think I'll bother.
  Forum: By Share Code

nipper
Posted on: Oct 2 2019, 10:05 AM


Group: Member
Posts: 6,187

QUOTE
Appen Ltd (ASX: APX)

Last month this leading developer of high-quality, human annotated datasets for machine learning and artificial intelligence was one of the worst performers on the S&P/ASX 200 index. Appen’s shares appear to have been hit by a combination of profit-taking in the information technology sector and concerns over its Figure Eight business. This means its shares have lost a third of their value since peaking at $32.00 in July.

With long-term growth potential thanks to increasing demand for its services due to the proliferation of machine learning and artificial intelligence, has this created a buying opportunity for investors?
  Forum: NZX

nipper
Posted on: Oct 2 2019, 09:06 AM


Group: Member
Posts: 6,187

Kathmandu is still around, after a near death experience. New management and a restructure

And now, taking over Rip Curl and will have a Billion Dollar Market cap (after a raising)

https://www.sharecafe.com.au/2019/10/02/kat...-rip-curl-deal/
  Forum: By Share Code

nipper
Posted on: Oct 2 2019, 07:35 AM


Group: Member
Posts: 6,187

Got that feeling myself, and agree, the columnist called it for what it is. Final para's summed it up:
QUOTE
Market interest in Latitude’s IPO is said to be strong because of the dividend yield of 5.4 per cent at the lower end of the range and 4.6 per cent at the upper end of the range. Also, the earnings multiple of about 12 times - in the middle of the IPO pricing range - is low relative to the multiple being paid for the S&P ASX200.

The low multiple for Latitude compared to the 17 times earnings of quality diversified financials says that Latitude's owners recognise this is not a fast growing digital payments outfit.

...but there'll be demand, if only for the yield in these abnormal times.

(I'd prefer to pay $2.00 than $2.25, so waiting till it lists may be prudent. And the low free float at 46% limits upside because the holders of the 54% will offload into any strength).
  Forum: By Share Code

nipper
Posted on: Oct 1 2019, 06:20 PM


Group: Member
Posts: 6,187

Prez Xi must be happy with the 70th.

USSR fell apart at 69. (Officially 1922 to 1991; though the 1917 revolution(s) was the start and it was all over by 1989)
  Forum: Investment Discussion

nipper
Posted on: Oct 1 2019, 10:57 AM


Group: Member
Posts: 6,187

Nice. They probably deserve each other.
  Forum: By Share Code

nipper
Posted on: Oct 1 2019, 10:13 AM


Group: Member
Posts: 6,187

I wasn't sure what you meant: just shuffling through CommSec, for individual companies under Summary, you get:
Fundamentals
Market Capitalisation
P/E Ratio
EPS
Earnings Growth-
Debt to Equity
Price to Book
5 Year Beta
Margin Lending LVR
Dividends
Most Recent
Dividend Yield
Franking
Actual DPS
Dividend Stability
Ex-Dividend Date and Pay Date
then if you go to Financials, there is 10 year data :
Sales ($)
Cash Flow ©
Earnings ©
Dividends ©
Franking (%)
Capital Spending ©
Book Value ($)
Shares Outstanding (m)
Performance
Total Return (%) +/- Market (%)
+/- ASX Sector (%)
Average Annual P/E Ratio (%)
Relative P/E Ratio (%)

Capitalisation
Long-Term Debt (m) Shareholders Equity (m) Market Capitalisation (m)
Employees (k)
NTA Per Share ($)

Management & Leverage
Net Interest Cover (%) Net Gearing (%)
Return on Equity (%)
Return on Capital (%)
  Forum: By Share Code

nipper
Posted on: Sep 30 2019, 08:22 PM


Group: Member
Posts: 6,187

Looks link. Separating signal from noise, jewellery still dominant ..and economy/ies weak = what demand?

(Unless currency restrictions for HK)
  Forum: Macro Factors

nipper
Posted on: Sep 30 2019, 05:28 PM


Group: Member
Posts: 6,187

Also in the article..
QUOTE
... despite some countries like China and Russia moving out of dollar-denominated assets for reasons both political and economic, the dollar remains the world’s reserve currency

- no mention of those two cowboy states as alternatives; Rule of Law still amounts for something.

Whatever happens, things will happen slowly. I think the article was trying to point out it's not all weighted one way, and US dominance / hegemony is waning.
  Forum: Macro Factors

nipper
Posted on: Sep 30 2019, 04:59 PM


Group: Member
Posts: 6,187

When Lowy family sold Westfield, (other shareholders just along for the ride) to UnibailRodamco or whatever, there was a spinoff called OneMarket that Lowy fils held onto. Listed at the same time as Westfield it had never achieved any success, and will now be wound up.
QUOTE
The company which grew out of Westfield’s retail-focused technology platform and uses data to provide insights to brands and retailers.

Since listing its stock price has plummeted, going from $1.56 on its first day to 95 cents on Friday.

The OneMarket board estimated that the amount available for an initial distribution will likely exceed the volume weighted average share price of around 85c per share since the company’s annual general meeting.

That is above the trading price of 67c per share, the share price immediately prior to the announcement of the strategic review.

Still, OneMarket said the timing and amount of distributions will be subject to relevant legal compliance and the determination made by the liquidators as to their assessment of the costs of the winding-up process, liabilities and the amount of any contingency that needs to be withheld.

“Accordingly, shareholders should be aware that the timing and amount of any payments are ultimately determined by the liquidator and may change from what is set out above,” OneMarket said.
  Forum: By Share Code

nipper
Posted on: Sep 30 2019, 04:27 PM


Group: Member
Posts: 6,187

Latitude Financial Services allude to this in the PDS
- Challenge of declining credit card usage;
- installment loans, personal and car loans seen as a bit old-fashioned
- Needing to reinvent into the *buy now, pay later* market.

QUOTE
From the prospectus: "There has been an increased preference of customers for debit over credit products and a decline in demand for unsecured personal lending."
  Forum: By Share Code

nipper
Posted on: Sep 30 2019, 04:09 PM


Group: Member
Posts: 6,187

whoa old fella. I thought it was more about cycles, and the only Doomsday suggestion related to the US Dollar.
  Forum: Macro Factors

nipper
Posted on: Sep 30 2019, 03:59 PM


Group: Member
Posts: 6,187

Seen reference to Omega-3 with three different companies - NUF, Bellamy's BAL (just sold to the Chinese) and Clover CLV (which I hold and which has gone up 40-50% in the last week)
QUOTE
For those of you who aren’t familiar with the project, Nufarm is on track to be first to market with a sustainable, scalable, alternative source of long chain Omega-3. This is a growing market that is supply constrained due to environmentally driven fishing quotas. The market deficit is considerable, and our proprietary Omega-3 canola oil is a land-based solution that is cost competitive and sustainable.

We’re initially targeting the aquaculture market where we will market Omega-3 canola oil as a replacement for fish oil in fish-feed. There is an expanding deficit in this market, and we estimate each percentage point of market share in that deficit by 2028 will generate around $8.5m of EBITDA for Nufarm.

Beyond that we have plans to explore the nutraceutical, food ingredients and ultimately pharmaceutical markets.


QUOTE
Omega-3 canola
Excellent results involving >1 million fish with multiple aquaculture partners
First sales expected in new calendar year
Expected to be EBITDA positive from FY21

First to market Intellectual property position strengthened
• Multiple additional patents granted in FY19
• US federal court infringement against other parties to be heard in October 2019

Regulatory approvals progressing
• Food, feed and cultivation approvals secured in Australia (since FY18)
• USA cultivation approval secured with food and feed approval pending
• Canadian food, feed and cultivation pending
• Applications filed in China, Korea, Japan and Europe
  Forum: By Share Code

nipper
Posted on: Sep 30 2019, 02:43 PM


Group: Member
Posts: 6,187

Doomsday dollar day??
QUOTE
Are investors ready for the ‘Doomsday Dollar’ scenario?
What would it mean if the entire paradigm for long-term investing was to change? The FT's Rana Foroohar looks at the shift in the greenback's profile.


For decades, global savers, and American retirement savers in particular, have been taught that you should put most of your money in an S&P index fund — one that tracked the fortunes of the largest US companies — and then forget about it until you were close to retirement.

Since the mid-1980s onwards, that has been more or less good advice. American multinationals were, after all, the best way to buy into globalisation, and globalisation was very good for the stock prices of many big companies.

But recently, I’ve begun to wonder — what would it mean if the entire paradigm for long-term investing was to change?

Globalisation as we have known it is on hold. This much we know. But what if we were also coming to the end of a very long period of financial repression, in which declining interest rates have masked another, more fundamental truth.

America’s place in the world has changed, and so has the growth potential of its corporations. If that is the case, then we may be in for a correction not just in the stock prices of US multinationals, but in the dollar itself. That would have profound implications for investors everywhere — from individual savers in the US to giant pension funds in Europe and Asia.

It’s a scenario that AG Bisset Associates has dubbed “the Doomsday Dollar”. At first glance, the idea of US stocks and the dollar going down at the same time seems unlikely. For one thing, the two often go in opposite directions, with a weak dollar making the exports of many US companies relatively more competitive in the global marketplace, as has been the case in recent years.

What’s more, despite some countries like China and Russia moving out of dollar-denominated assets for reasons both political and economic, the dollar remains the world’s reserve currency. As a study last week from the Brookings Institution pointed out, the dollar’s share of global foreign exchange reserves has declined by only two percentage points since 2007, while the euro’s share is down six points.

And, as we all know, neither American politicians nor many of the country’s largest companies have covered themselves in glory during that period.

But shifts in the global reserve system take time. Currency movements can happen more quickly — in fact, as Ulf Lindahl, AG Bisset chief executive, points out, the world’s major currencies tend to move up and down in 15-year cycles. According to his calculations, which track currency movements from the early 1970s onwards, we began a new cycle in January 2017, and despite the dollar’s strength since April 2018, that cycle is still intact.

If the thesis holds, the dollar is poised to fall against the euro and yen over the next few years, and by as much as 50 to 60 per cent.

gold? Commodities? investors might also pile into the euro and the yen, which would force US bond yields to rise? That is something that few expect
  Forum: Macro Factors

nipper
Posted on: Sep 30 2019, 02:17 PM


Group: Member
Posts: 6,187

QUOTE
Nufarm chief executive Greg Hunt did the right thing by selling the company’s best performing business in Latin America for $1.2 billion to Japanese multi-national Sumitomo Chemical.

In one move, he has wiped out those shorting his stock, removed most of the debt weighing down the balance sheet, strengthened the relationship with Sumitomo and forced the market to rethink the fundamental value of global crop protection businesses.

As an added bonus, Hunt has been able to retain 100 per cent ownership of the highly prospective Omega-3 canola operation, which is expected to be earnings positive in 2021....
AFR

Interesting point ... rewarded for selling best part of the biz.. But then with shorts at 18%, based on the threat of breaching debt covenants, now that has been removed, there must be a lot of 'short covering'.

QUOTE
in July, Sumitomo invested $97.5 million in Nufarm preference shares to help the company through a squeeze in working capital. The debt on Nufarm’s balance sheet is subject to reasonably large fluctuations because of the impact of seasonal conditions on working capital
.... Currency risk, slow payers, unpredictable harvests. !! Probably a good thing to get out of S America
  Forum: By Share Code

nipper
Posted on: Sep 30 2019, 12:19 PM


Group: Member
Posts: 6,187

yes its nice for a fund manager referring a CEO to a journo to allow them to talk their own book. (Nothing specific or market sensitive, mind you, just the feel good story)
  Forum: Investment Discussion

nipper
Posted on: Sep 30 2019, 10:29 AM


Group: Member
Posts: 6,187

The whistleblower gets straight to the point.


In the course of my official duties, I have received information from multiple U.S. Government officials that the President of the United States is using the power of his office to solicit interference from a foreign country in the 2020 U.S. election.
  Forum: Off Topic Chat

nipper
Posted on: Sep 30 2019, 09:47 AM


Group: Member
Posts: 6,187

QUOTE
I have been in the sector for 18 years as a CEO and I don’t think that I have seen this level of significant and sustained value creation across multiple and diverse businesses," Antisense chief executive Mark Diamond said.

"For many years it was felt that local biotechs were chronically undervalued compared to their US peers, and so the only way to get fair value was a move to list on an US exchange, so I think this is really a very exciting development for both local companies and investors alike to see such outcomes on the local bourse."
...
  Forum: Investment Discussion

nipper
Posted on: Sep 30 2019, 09:47 AM


Group: Member
Posts: 6,187

Small cap healthcare stocks surge to billion-dollar plays.

https://www.afr.com/companies/healthcare-an...20190929-p52vx1
QUOTE
A series of successful phase two clinical trials and increasing commercial adoption in the US market for Aussie biotech companies have driven the creation of three new billion-dollar healthcare stocks in just a few months.

In the past six months more than $3.25 billion dollars has been added to the valuations of a handful of small and mid cap healthcare stocks like Avita Medical, Opthea, PolyNovo and Paradigm Biopharmaceuticals. The unique momentum in the sector is in stark contrast to a year ago when some significant phase two clinical trial failures resulted in investors turning away from the risky sector.

Speaking to The Australian Financial Review, Bell Potter healthcare and biotech analyst Tanushree Jain said investors were recognising the growth potential of this next wave of biotech success stories, with some like Opthea also considered potential acquisition targets for big pharmaceutical giants on the back of stellar clinical trial results.

"We're now getting companies that are moving out of the research development phase, starting to generate revenue and having commercial products in the US market," Ms Jain said. "Then for companies like Opthea, its re-rating came on the back of a phase 2b clinical trial done out of large centres in the US, Australia and Europe and the results were spectacular. "It reflects a trend that more of the listed life sciences companies are maturing. The more risk that's taken off the table in terms of investment, the more reward you get."

This, Ms Jain said, had flow on effects for the sector as a whole, with positive results improving the perception of the industry. "It's a function of the fact that this is a bit of a specialty field and it's quite technical, so there's not that many people that really understand biotech," she said.

....Post-phase two trials is considered a sweet spot for big pharma companies looking to make acquisitions, as the new therapies or products have already had some rigorous testing and there's data suggesting its likelihood of success. Once stage three trials have been completed, the assets are much more expensive to buy.

There is also another wave of small cap biotech stocks going through stage two trials at the moment which investors could look at closely in the next few years, including Dimerix, Immutep, Starpharma and Antisense Therapeutics....
  Forum: Investment Discussion

nipper
Posted on: Sep 29 2019, 04:00 PM


Group: Member
Posts: 6,187

Navarre has gone through several incarnations, looking for gold and associated host rock intrusions (porphyry) in Victoria. This is based on the rational and sensible idea that all that surface gold, alluvial and reef, found in N and E of the state must have had its origins, its genesis, somewhere. Complicating this is the alluvial beds of the Murray Basin sediments (which are quite thin abutting the Bendigo area but get thicker towards the Mallee Wimmera)

All the Bendigo analogue explorations came to naught, commercially, so the company switched attention to the Stawell Grampians area, chasing or in competition with Stavely SVY. And again, frustrations aplenty; looking for the mother lode, for Cadia- or Boddington- style mineralisation, chasing down aeromagnetic anomalies, drilling chip and core holes, peppering the area.

Then Stavely, after similar frustrations (the geologist Chris Cairns was adamant it was there but spent many years under-delivering), came up with what the market has deemed to be a blinder. There's quite a bit on the recent discovery in the link below
https://www.sharecafe.com.au/2019/09/27/sta...ghbour-navarre/
and a subsection for Navarre, which has contiguous trending leases
QUOTE
Significance for Navarre Minerals (ASX: NML)

SVY’s discovery is significant for NML for three key reasons:

o The discovery occurs adjacent to NML’s EL5425 (green area in map), where SVY is earning up to an 80% interest via a Joint Venture;
o The discovery sheds new light on NML’s 100%-owned Glenlyle Project, which hosts a recently discovered 150m wide zone of silver-gold-base metal mineralisation under shallow cover, within the same volcanic package that hosts the nearby Thursdays Gossan prospect;
o NML will re-evaluate its targeting at the Glenlyle Project, where massive sulphides in drill chips were returned from shallow drilling in March 2019.

nearology - gotta luv it
  Forum: By Share Code

nipper
Posted on: Sep 28 2019, 07:14 PM


Group: Member
Posts: 6,187

On Friday, Stavely closed another 24% up, at $1.07. .... it was 24c less than 10 days ago.

And I see they've picked up Tassie acreage at Mathinna, old ground left since the 1930's that yielded 250,000 oz from reef workings back then. Premise that there are unexposed other reefs nearby..
  Forum: By Share Code

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


Group: Member
Posts: 6,187

QUOTE
ASX Ltd (ASX: ASX)

ASX Ltd has been a quiet achiever in 2019 with the market operator’s share price surging more than 38% for the year. The ASX continues to be a favourite among investors for its defensive revenue streams and strong dividend yield.

Earlier this year ASX Ltd reported a 5% increase in operating revenue when it presented earnings for FY19. The ASX also achieved a 3.5% increase in EBITDA and a 5.7% lift in net profit after tax in comparison to the year prior. The company cited that the strong performance was driven by an increase in listings and higher initial capital risings. In addition, growth in trading services and stronger derivatives and OTC markets contributed to the result.

ASX shares are a favourite among income investors for its defensive earnings potential. Interest and dividends are an important source of income for the company and this segment rose by 25.7% for FY19. Shareholders were also rewarded with a special dividend of 129.1 cents in 2019 following the company’s sale of its stake in Iress Ltd (ASX: IRE).
Motley Fool
  Forum: By Share Code

nipper
Posted on: Sep 28 2019, 11:14 AM


Group: Member
Posts: 6,187

QUOTE
Josh Frydenberg has made a brave move into the quicksand of superannuation politics with the announcement of a retirement incomes review. This is, after all, the sector that may well have ­ensured the Labor Party lost the last election.

For the moment every potential change that has been suggested for our strong, but flawed, retirement system appears to be “on the table” in what will be a broad-ranging review that looks at the age pension, compulsory super and voluntary savings.

Hopefully, that means some of the more notorious black spots that pepper our system with a sense of unfairness will finally be tackled: how can it make sense that you are worse off (on a week to week income basis) having savings of between $600,000 and $800,000 than a pensioner who hasn't saved a penny
... Or at the other end, own a three million dollar home, have assets up to $380k, and receive a full pension.

one thing for sure, the pot is so large that there will be continued and continual investigations.
  Forum: Investment Discussion

nipper
Posted on: Sep 27 2019, 07:13 PM


Group: Member
Posts: 6,187

QUOTE
"If the wars of this century were fought over oil, the wars of the next century will be fought over water."

World Bank vice president Ismail Serageldin made this much quoted prediction for the new millennium in 1995
  Forum: Investment Discussion

nipper
Posted on: Sep 27 2019, 04:36 PM


Group: Member
Posts: 6,187

QUOTE
A few days ago, Bloomberg Markets recorded the 'end of an era' and an 'epic shift' which has not been widely reported in Australia.

Bloomberg called it a major turning point in history. "In August, the investment industry reached one of the biggest milestones in its modern history."

For the first time ever in the US, index-based equity funds (including ETFs) exceeded actively-managed equity funds. The threshold was that, according to Morningstar estimates, inflows into passive US equity funds in the year to August 2019 were US$89 billion (to US$4.27 trillion) versus active outflows of US$124 billion (to US$4.26 trillion).

The momentum is irreversible. Although ETFs in Australia are growing strongly, they still account for only 2.5% of assets under management here, where managed funds dominate. There's a lot of contestable space. Research issued by Investment Trends this week reveals:

"When asked what proportion of total client investments they would prefer to allocate to passive investments over actively-managed investments, the average planner now prefers to allocate 33% of client portfolios into index-tracking investments, up significantly from 19% in 2018."

https://mailchi.mp/cuffelinks/edition-325?e=f6b4a7324d

But not all index funds are passive, and, sadly, quite a few managed funds hug the index.

The other thing; a decision still has to be made as to allocation. And that introduces just another level of complexity and learning.
  Forum: Investment Discussion

nipper
Posted on: Sep 27 2019, 03:55 PM


Group: Member
Posts: 6,187

Want to raise $1.4bill at the IPO... Deutsche Bank, KKR and Varde Partners will retain 54% of company. It's the old GE business.

2.6 mill customer accounts, more than 1950 merchant partners. $7.7bill in gross receivables, is already profitable.

- Forecast net profit $278mill,
- Dividend payout ratio of 55 to 75 per cent.
- Yield between 4.6 and 5.2%

Listing on pe of 12.4-13.8 cash earnings.

Benefiting from tailwinds cheap funding, low personal debts, banks vacating personal lending.

Challenge of declining credit card usage;. also installment loans, personal and car loans seen as a bit old-fashioned

Needing to reinvent into the *buy now, pay later* market. Done a deal with HVN and others to follow.

From the prospectus: "There has been an increased preference of customers for debit over credit products and a decline in demand for unsecured personal lending."

and, (can't win them all): "If it had floated a year ago, the expectation was for a billion more market cap." That's P.E. for you.
  Forum: By Share Code

nipper
Posted on: Sep 27 2019, 03:20 PM


Group: Member
Posts: 6,187

QUOTE
After three extraordinary weeks, the biggest corporate case of the year will come to an end on Tuesday, leaving Justice John Middleton alone to make a momentous call: Should Vodafone Hutchison Australia and TPG Telecom be allowed to merge?

His decision, which probably won't come until the end of the year at the earliest, will have massive implications for Australia's telecoms industry. In a market dominated by two goliaths – Telstra and Optus – a merger would create a powerful third all-encompassing telco with a finger in all the telco pies: mobile, residential fixed line, and the enterprise market.

The alternative is much less certain. Vodafone would remain a mobile-only operator (albeit with a small NBN reselling business), and a distant third in that sector. TPG would remain a fixed line player, with the option of reviving its abandoned mobile network.

And that's the big question. Would TPG revive that network outside a merger? TPG categorically says no. The ACCC says yes, or at least says there is a real chance of it, and its star barrister Michael Hodge QC has put everything into arguing that case...
  Forum: By Share Code

nipper
Posted on: Sep 27 2019, 10:35 AM


Group: Member
Posts: 6,187

as expected, and taking advantage of recent SP rise (got above 9c), DEV is in a Pause in order to have a Capital Raise.

wanting to drill both Junee and Bogong prospects in Q4
  Forum: By Share Code

nipper
Posted on: Sep 27 2019, 10:02 AM


Group: Member
Posts: 6,187

QUOTE
Paradigm Biopharmaceuticals (PAR) $2.52

Another [pain relief aspirant] is the $394million market worth of Paradigm, which is seeking to repurpose an old deep-vein thrombosis drug for osteoarthritis pain. So far the compound, renamed Zilosul has worked wonders with the creaking knees and joints of ex-footballers including former Carlton great Greg Williams, while fellow Brownlow Medallist Chris Judd and ‘Leaping’ Leo Barry have invested in the company.

The drug is not approved and only available under a special access theme and is subject to two separate trials. “Real-world evidence” of 205 patients with knee osteoarthritis suggests pain reduction of more than 50 percent.

This month the company won US Food & Drug Administration assent to treat ten more patients under compassionate use status. The treating physician, Dr. John Michel is a former player with the National Football League club, the Green Bay Packers.

Given Paradigm shares have tripled in the last year and risen more than six-fold since listing four years ago, punters are warming to Paradigm’s anti-opioid shtick. If approved, and it’s a big if, Zilosul would be worth billions.
Tim Boreham
  Forum: By Share Code

nipper
Posted on: Sep 26 2019, 08:28 PM


Group: Member
Posts: 6,187

had to look up OEM ... Original Equipment Maker.

Makes sense to be niche and partner with the big guys !
  Forum: Investment Discussion

nipper
Posted on: Sep 26 2019, 08:09 PM


Group: Member
Posts: 6,187

Yeah, bugger. (was NML in my case). Can't stay loyal to a notion that loses money.

Congrats on the EoY discipline, by the way.
  Forum: By Share Code

nipper
Posted on: Sep 26 2019, 08:02 PM


Group: Member
Posts: 6,187

soon to IPO
the ++ves. Sexy (= "sexy" ) digital payments, mentioned in same breath as AfterPay; ticket clipper; going where the banks won't or can't go
the - -ves. coming out of Private Equity. Listen for the sucking sound, folks.
QUOTE
Latitude is a digital payments, instalments and lending platform.

Latitude provides innovative products and services that support the needs of customers and merchants and other commercial partners, leveraging its technology and database of customer information.

Latitude offers its customers in Australia and New Zealand payment and instalments products (‘L-Pay’) and lending products (‘L-Money’).

Its Business-to-Business-to-Consumer (‘B2B2C’) and Direct-to-Consumer (‘D2C’) distribution model enables customers to transact through Latitude’s established network of commercial partners, as well as with Latitude directly, online and by phone.

Headquartered in Melbourne, Australia, Latitude employs approximately 1,600 full-time equivalent staff.

Prospectus lodged today 26 Sept
Raising up to $1.4bill.
Indicative range $2.00-2.25 a share
  Forum: By Share Code

nipper
Posted on: Sep 26 2019, 07:27 PM


Group: Member
Posts: 6,187

and I have just got to drop this gem of triage's from a year or so ago
QUOTE
Integra (IGR) was one of the first goldies I followed, going back over a decade now. The boss was a young geo, Chris Cairns, who when talking about kicking rocks was as bouncy as a kid in a lolly shop. I followed him to a couple of mining conferences, he was quite articulate and personable and better than most of his type at marketing. He had some early success but always seemed to be holding off waiting for that bonanza hit which never quite came. As agressive as he was with exploration I thought he was overly timid when moving into development and production. For instance the team at Silver Lake (SLR) started from scratch and went straight into production and for a while had great success. So much so, that they mounted a successful takeover of Integra just as Chris Cairns had finally taken his company into production. My impression is that as it happened the Silver Lake side of operations crashed and burned and the company has become highly reliant on the assets they picked up from Integra.

A few years back I read somewhere that Chris Cairns and his accountant mate Peter Ironside had gone kicking rocks in western Victoria. Then a couple of weeks ago I noticed that Silver Lake was nominating their next mine as a field that Chris Cairns had resourced up early on but had failed to find sufficient additional ore to justify mining. Today, I think (?), Silver Lake put out another statement saying that they had returned some high grade hits in a field that Chris Cairns had extensively explored - the luck of the bit, he had drilled to the east and found not much and they had drilled just to the west and hit paydirt. So it's off to the races for Silver Lake it seems, based to a resonable degree on the work done by Chris and his team.
All this caused me to track down what Chris Cairns is up to. Turns out, as nipper pointed out 4 years back, he and Peter Ironside and a South African geo, Jennifer Murphy, IPO'ed Stavely Minerals. And now Chris Cairns is back to his bubbly best, gushing that he thinks he has hit a "Cadia-style-gold-copper porphery" and all he has to do now is find the motherlode (if it exists). Now over the years I found Chris to be very optimistic about his work but he stayed within the bounds of geology, as in this case he is not saying that his discovery will be as big as Cadia just that it is of similar geology which means it could be as big as Cadia. ....

Anyway, maybe Chris will find the bonanza field that he didn't quite discover at Integra. If not from this drilling campaign then maybe the next one, or the next one. The bloke is like a bloodhound, great to see someone who is right into their job.
well done, Chris. Timing? Bummer
And ... the whole narrative really reinforces how as a punter you have got to pay attention. Sit Up Straight And Pay Attention. Any less and it's just guessing! Timing helps!!
  Forum: By Share Code

nipper
Posted on: Sep 26 2019, 06:24 PM


Group: Member
Posts: 6,187

Evidently, Stavely has been slumping in price recently... Investors had been watching director sales, and feared the worst. But...
QUOTE
Family Court ordered Chris Cairns to give away six million of his shares in Stavely Minerals earlier this month, the founder and managing director of the small exploration company was giving away stock with market value less than $1 million.

But things can change quickly in the exploration sector, and by Thursday that family court settlement was worth more than $5 million
.
Separation.. what a bitch.
  Forum: By Share Code

nipper
Posted on: Sep 26 2019, 06:13 PM


Group: Member
Posts: 6,187

QUOTE
Stavely revealed an exciting copper discovery near the Victorian town of Dunkeld. Drilling at Stavely's "Thursday's Gossan" target found more than 32 metres of copper at grades of 5.88 per cent, and smaller patches that contained 40 per cent copper.

The discovery, which also included traces of gold, silver, nickel and cobalt, sparked a near quadrupling of Stavely's share price on Thursday, with the stock rising as high as 93¢ during the trading session.

The stock closed on Thursday at 86¢, still far above Wednesday's 24¢ closing price, pushing Stavely's market capitalisation beyond $150 million for the first time.

Trading volumes of 27 million shares on Thursday were dramatically higher than any previous day in the company's history, and were equivalent to almost 15 per cent of total shares on issue, raising the possibility that a suitor may have been among those reacting to the drill results on Thursday.

you still in, triage?
  Forum: By Share Code

nipper
Posted on: Sep 26 2019, 05:22 PM


Group: Member
Posts: 6,187

QUOTE
....has entered into a binding agreement to raise $1.5 million through the issue of 50 million ordinary shares at 3 cents per share. The Placement is being undertaken at a 10% premium to the last trading price and a 45% premium to the 20-day VWAP.

The shares are being issued to Datt Capital, a well regarded and respected investor in the resources sector.

The Company has received significant interest for additional investment from multiple entities however, having regard to its immediate available placement capacity, has determined that the substantial investment from Datt Capital, at a premium to the market price, is the best available fundraising alternative
  Forum: By Share Code

nipper
Posted on: Sep 26 2019, 11:21 AM


Group: Member
Posts: 6,187

QUOTE
regular Monte Carlo method or Monte Carlo integration, which are based on sequences of pseudorandom numbers.

In numerical analysis, the quasi-Monte Carlo method is a method for numerical integration and solving some other problems using low-discrepancy sequences (also called quasi-random sequences or sub-random sequences).
probably better to use QMC? (I mean, I'd hope there is some correlation between CEO pay scales. They cite others' to justify their own ... or at least the fancypants consultants do)
  Forum: By Share Code

nipper
Posted on: Sep 26 2019, 10:25 AM


Group: Member
Posts: 6,187

SpaceTalk (all-in-one smartphone, watch and GPS device for schoolkids) now available at OfficeWorks. ... another 167 outlets. Now in close to 500 stores.
  Forum: By Share Code

nipper
Posted on: Sep 26 2019, 09:59 AM


Group: Member
Posts: 6,187

QUOTE
Australia may have to consider multi-billion-dollar schemes to counter droughts lasting 30 years, including turning big coastal rivers back inland, new desalination plants and massive new dams.

The warnings from NSW water tsar Jim Bentley and water infrastructure consultant Kevin ­Werksman came with the revelation that the state government is close to pushing the button on a plan to double the capacity of Sydney’s $2.3bn desalination plant.

“We are going to move forward with the desal plant,” Dr Bentley told a Committee for Economic Development of Australia gathering in Sydney on Wednesday. While the desalination plant can provide for 15 per cent of ­Sydney’s water consumption, the state government was looking to double its capacity. There would be other spending on water infrastructur­e in other areas, Dr Bentley said. This included raising the height of the Wyangala Dam in the state’s central west to double its capacity at a cost of $650m.

An engineer who has worked in Britain and New Zealand, among other countries, for big public and private water bodies and also in ­academia, Dr Bentley is chief executive officer, water, in the NSW Department of Planning, Industry and Environment.

Apart from dams and the desalination plant, he said, there would also be spending “on the other side of the equation”, to make more use of downstream water resources.

One of the core components is the recovery of waste water and uses for it,” Dr Bentley said.
  Forum: Investment Discussion

nipper
Posted on: Sep 26 2019, 08:49 AM


Group: Member
Posts: 6,187

Question: Is the Entity aware of any information concerning it that has not been announced to the market which, if known by some in the market, could explain the recent trading in its securities?
QUOTE
Answer: Yes, the Company is aware of such information, that relates to an Australian Government Contract (Defence). To date, XTEK had been unable to release specific and price sensitive details on this contract without prior Defence approval.

However, on the 25th September 2019, XTEK became aware that this information had been released by Defence through Aus Tender, unfortunately without theknowledge of either the Defence Minister or XTEK.. The Company has been awarded a long-term and exclusive contract (HSD/CON/8054/1) to provide spare parts, repair, maintenance and support services for the ADF’s growing SUAS fleet.

To date AusTender has issued the following Contract Notices under this Contract:
 Contract Notice No 3626505 – Contract Value $28,213.46
 Contract Notice No 3628788 – Contract Value $30,551.09
 Contract Notice No 3623915 – Contract Value $550,000.00
 Contract Notice No 3629757 – Contract Value $10,072,700.00

Question 2 If the answer to Question 1 is Yes
QUOTE
Answer: Given the confidential and sensitive nature of information contained within the contract and after being directed by the Australian Defence Force not to make any such public disclosure on the Contract award until it had been disclosed firstly by the Defence Minister, XTEK became reliant on the provisions of LR 3.1A.1 to not make any market announcements.

Someone acted. ....70c
  Forum: By Share Code

nipper
Posted on: Sep 25 2019, 10:00 PM


Group: Member
Posts: 6,187

AfterPay shares climbed by more than 13 per cent after Goldman Sachs lifted its price target on the buy-now pay-later juggernaut's stock to $42.90.
  Forum: By Share Code

nipper
Posted on: Sep 25 2019, 04:55 PM


Group: Member
Posts: 6,187

Last post 2010 !
QUOTE
Listed healthcare firm Probiotec was in front of fund managers on Wednesday, seeking to raise $10.5 million in growth capital.

The pharmaceutical and consumer healthcare manufacturer tapped Shaw and Partners to oversee the placement, with proceeds earmarked to pay for future acquisitions and reduce debt. The company also plans to use the fresh equity to help fund the purchase of pharmaceutical packaging company ABS in July for $23 million.

At the time, Probiotec managing director Wes Stringer said the deal would be largely funded from existing cash reserves, which were derived from Probiotec’s strategic sale of non-core assets over the past 12 months. These included the divestment of weight loss shakes maker Celebrity Slim to Global Brands Australia for $6.75 million cash, and the sale of its Gold Cross, David Craig and Skin Basics brands to Singapore’s iNova Pharmaceuticals, and its Impromy brand to Blackmores.

Seems a messy outfit.
  Forum: By Share Code

nipper
Posted on: Sep 25 2019, 04:13 PM


Group: Member
Posts: 6,187

QUOTE
Macquarie is often labelled the ‘fifth bank’ of the ASX, but in reality, traditional banking like credit cards and mortgages makes up a very small portion of this company’s earnings – around 12%. Macquarie’s real powerhouse is its investment banking business which is made up of its Macquarie Capital (MacCap) and Commodities and Global Markets divisions and accounts for around half of Macquarie Group’s earnings.

Another chunk comes from Macquarie’s Asset Management business, which has grown considerably over the past decade and now places Macquarie in the top 50 global asset managers, with $542 billion of funds under management. The company offers both a range of managed funds and other investment vehicles as well as its popular ‘Macquarie Wrap’ investment management platform.

So in comparison with the other big four ASX banks, I think Macquarie has a far superior and diverse earnings model, which has enabled it to return a Compounded Annual Growth Rate (CAGR) in earnings per share of 15% over the past five years and 12% since the company’s public ASX listing in 1996.

For the 2019 financial year, Macquarie posted earnings per share of $8.83 and a full-year dividend of $5.75 per share (which equates to a yield on current prices of 4.35%). This means that in FY19, Macquarie paid out 66% of its earnings as dividends. This is among the higher-yielding shares we are looking at today (with a payout ratio to match), but I think that Macquarie will be able to keep its earnings growing at double digits over the coming years, and its dividend as well (especially considering the dividends have been growing at 17% over the past five years).

(But the change ... 15 for the five year period but only 12% over it's lifetime ... hides a huge wobble, when investors got nervous as Macquarie had to morph it's model, post GFC)
  Forum: By Share Code

nipper
Posted on: Sep 25 2019, 03:53 PM


Group: Member
Posts: 6,187

QUOTE
CSL is the best ASX healthcare stock you can publicly buy in my opinion and has the share price appreciation to back it up. CSL is another stock that used to be government-owned, but Prime Minister Paul Keating kicked it out of the nest in 1994 for $2.30 a share (I wonder if he regrets that now). Just three weeks ago, the CSL share price hit a new record high of $242.10 – making this ASX giant a $108 billion company.

CSL has two primary focus areas: vaccinations and blood plasma products and is an R&D world-leader in both. The company also continues to focus on anti-venoms, immunology and other medical work in various fields.

An indication of this company’s quality is well told by recounting the swine flu scare back in 2009. The Federal Government commissioned CSL to manufacture the swine flu vaccine for the entire country – 21 million doses. Fortunately, it turned out that we didn’t need most of them, but if CSL is the government’s go-to company, it says a lot in my opinion.

CSL shares do trade at quite a premium (currently at around 38x earnings), but the company has paid a rising dividend every year since 2013. Currently, CSL shares are offering a 0.97% yield – based on yesterday’s share price and the most recent annual payout of US$1.85 (A$2.65) per share. This gives the company a current payout ratio of 45%. Considering that in 2013, CSL shareholders got a US$1.02 per share payout and the company’s current payout ratio is 45%, I don’t think it’s hard to conceive a doubled dividend in 10 years’ time.

- some broker spiel 🤑
  Forum: By Share Code

nipper
Posted on: Sep 25 2019, 03:43 PM


Group: Member
Posts: 6,187

QUOTE
Existing VGI Partners investors , including those in the VG1 listed investment company , will receive about $6660 worth of stock in VGI the manager for every $100,000 they put into VG8. New investors would receive about $4000 in free manager shares. It’s a big carrot and shows how keen VGI Partners is to get its Asian strategy off the ground.

- VG8 prospectus open, and will run till mid October. Already hit its *minimum subscription* target ($200mill, from memory) and if the money keeps flowing in, then the headstock VGI will do well, with more FUM and new shareholders.

.... VGI bid up to $17 today; was $13 when the idea was floated in Aug
  Forum: By Share Code

nipper
Posted on: Sep 25 2019, 02:51 PM


Group: Member
Posts: 6,187

am trying to work out if this is a goer:
QUOTE
De.mem Limited (DEM) is a Singaporean-Australian de-centralised water and waste water treatment business that designs, builds, owns and operates water and waste water treatment systems for its clients.

Established in 2013, the company has offices in Singapore, Perth (Australia), Brisbane (Australia), and Ho Chi Minh City (Vietnam).

Market Cap about $30mill. Listed April 2017 @ 20c but has only recently made it above this level (a few days ago; got to 24c then Trading Halt with a private placement - likely new investor coming in).

- Trading at under 3x sales; likely to be cash flow +ve soon
- Technology is membranes ... working with Singapore university to develop nano and forward osmosis membranes
- It's a fragmented industry, lots of competing 'solutions', lots of little jobs here there and everywhere.
- Margins claimed at 18%. Industry seems to be in a consolidating phase; DEM likely the acquirer.
- Focusing on decentralised jobs, which may mean it is spread a bit thin? - Recently opened offices in Melbourne and Adelaide, and have just acquired a Tassie company PumpTech
- Has been working with mining companies, and Building Infrastructure projects. Moving into Food & Beverage and see it as a growth sector
- Some 60% of sales are of the equipment, then 30% in BOT with maintenance. Consumables make up the rest and the acquisition should see this grow

while water quality is topical and the likely target of more regulation / enforcement, it has always been a question of; How much do you want to spend?
  Forum: By Share Code

nipper
Posted on: Sep 25 2019, 01:43 PM


Group: Member
Posts: 6,187

new MD. Shares not really going anywhere.
becoming more focused . A + NZ. Governments and Utilities, + Building & construction. IE High value for their "premium solution" product
good margins 50%+

but trading around lows of 10c (was 25c a year ago)
  Forum: By Share Code

nipper
Posted on: Sep 24 2019, 04:33 PM


Group: Member
Posts: 6,187

and will add:
Purifloh (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. Technology: free radical generation... water treatment, air and surface sterilisation. Market Cap $150mill

SciDev Ltd (SDV), formerly Intec Ltd, is involved in the development and commercialization of wastewater treatment technology for treatment of industrial waste including the manufacture and supply of chemicals for the treatment of wastewater. Technology; chemicals .... Coagulants and flocculants for wastewater treatment and sludge dewatering. Market Cap $33mill
  Forum: Investment Discussion

nipper
Posted on: Sep 24 2019, 02:27 PM


Group: Member
Posts: 6,187

QUOTE
Last week we saw how short selling shares is a dangerous game after stock in the heavily shorted baby formula business Bellamy’s Australia Ltd (ASX: BAL) rose 55% in a day on the back of a takeover bid. Almost every short in that stock will be nursing heavy losses now with little option other than to close the position or pray that the takeover offer fails to go ahead for one reason or another.

So while shorts can be spectacularly wrong, it’s still worth taking a look at what businesses many market participants are confident will fall in value. Below are four heavily shorted businesses. All data accurate as at September 17 according to ASIC.

Blackmores Limited (ASX: BKL) is the vitamins manufacturer and retailer that has 9.7% of its scrip shorted. Sales into China have slowed down over the first half of calendar 2019 and short sellers may be betting this is a structural issue. The stock is also arguably on a high valuation given it’s struggling to deliver consistent profit growth.

Collection House Limited (ASX: CLH) is the purchased debt ledger collection business with 7.7% of its shares shorted. It has a mixed track as a public business and recently invested $8.5 million in “neo-bank” Volt Bank under its ebullient new CEO. Short sellers seem unconvinced though.

Domino’s Pizza Enterprises Ltd (ASX: DMP) is the pizza franchisor that recently abandoned 12 month profit guidance in favour of more general long term targets over same-store sales growth and new store openings. Short sellers are sceptical with 10.1% of the scrip shorted.

IOOF Holdings Limited (ASX: IFL) has 9.5% of its scrip shorted and its 21% share price rise since Friday on the back of a legal victory illustrates the risks around shorting. For short sellers scrambling to cover on good news losses can be magnified as they have to compete with ‘long only’ buyers to get their hands on rising stock as sentiment suddenly improves.

- Motley Fool
  Forum: Off Topic Chat

nipper
Posted on: Sep 24 2019, 12:09 PM


Group: Member
Posts: 6,187

Germany is the biggest exporter to China (machinery, plant), and if China is slowing down, with its exports crimped by trade issues, then the industrial heartland of Europe takes a hit.

https://www.abc.net.au/news/2019-09-24/trad...ession/11541572

(PS the German Flash PMI is 49.1 according to this link. Still negative and lowest for a best part of a decade)
  Forum: Macro Factors

nipper
Posted on: Sep 24 2019, 09:36 AM


Group: Member
Posts: 6,187

QUOTE
- fully underwritten two-tranche placement to institutional investors to raise approximately $55million ; and
- fully underwritten 1 for 6 accelerated non-renounceable entitlement offer of fully paid ordinary shares in Superloop to raise approximately $35 million
at 82c a share

- its a recapitalisation; going to paying back senior debt. Core infrastructure in place. Incremental further investment coming from customer growth.
  Forum: By Share Code

Poll: The Banks
nipper
Posted on: Sep 24 2019, 08:20 AM


Group: Member
Posts: 6,187

QUOTE
UBS analyst John Mott says any [interest rate] cuts from here simply decimate bank earnings because they can’t cut deposit rates any lower.

CBA, by way of example, has one quarter of all deposits on 25 basis points or less and its most popular product, NetBank Saver, is at 15 basis points.

Deposits fund about 60 per cent of home loans, so if the bank is earning zero or less on deposits it isn’t making much on its home loans.

In a recent note, UBS’s Mott noted the banks are also losing control of the home loan market, with just 37 per cent of all home loans generated directly by banks’ own sales channels. This is down from 48 per cent in 2013.

While the big four banks control 79 per cent of mortgages, they are increasingly acting as the underwriters for home loans generated by the brokers.

- if RBA cuts next week, it is possible we'll see some mortgage offerings starting with a 2
  Forum: Investment Discussion

nipper
Posted on: Sep 23 2019, 06:43 PM


Group: Member
Posts: 6,187

easy to do, triage. You WERE right, once upon a time.... and the need to identify with a TLA never diminishes, it would seem?
QUOTE
The Australian Stock Exchange Limited was formed in 1987 after the Australian Parliament drafted legislation that enabled the amalgamation of six independent state-based stock exchanges. Each of those exchanges brought with it a history of share trading dating back to the 19th century.

In 2006 The Australian Stock Exchange merged with the Sydney Futures Exchange and originally operated under the name Australian Securities Exchange.

Later, however, ASX launched a new group structure to better position it in the contemporary financial market environment. From 1 August 2010 the Australian Securities Exchange has been known as the ASX Group.
https://www.asx.com.au/about/history.htm
  Forum: Off Topic Chat

nipper
Posted on: Sep 23 2019, 05:20 PM


Group: Member
Posts: 6,187

QUOTE
Premier Investments [rose a further] 5.5 per cent to $19.12 after rallying almost 16 per cent last week.

Macquarie upgraded the retailer to outperform, calling the result “strong” in the context of a challenging market.

Bell Potter also upgraded its rating, lifting Premier to buy from hold, citing a “materially improved outlook” for the firm’s Smiggle division and continued strength in its Peter Alexander/Apparel brands.

However, Citi downgraded the firm to sell from neutral, however, citing the sharp increase in Premier's share price after its stronger-than-expected earnings


QUOTE
In FY20 to date like-for-like sales growth is 5.2% and positive in all regions. The company’s core brands are expected to continue providing momentum in the first quarter of FY20 because of the peak in the federal government’s tax stimulus from August to October. However, Citi suspects this momentum will not be maintained and forecasts a -1.2% decline in core brands for FY20 in terms of like-for-like sales, given the strong FY19 base.

Apparel sales were up 6.9%, or 7.8% like-for-like... The Just Group brands achieved retail sales growth of 7.5% and constant currency like-for-like sales growth of 4.2% as well as a retail earnings (EBIT) margin expansion of 47 basis points. Other positive aspects include the delivery of the growth plan for Peter Alexander a year ahead of schedule, with sales up 13.3% in FY19.

Management continues to focus on ensuring a clean inventory position at the end of each period. Sourcing initiatives and disciplined markdowns are expected to improve gross margins in FY20.

Underlying growth slowed materially for Smiggle, to 1% in FY19, ex wholesale and concessions, from 23% in FY18. This was largely driven by a slowdown in the UK..

more, esp the broker views, at ... https://www.sharecafe.com.au/2019/09/23/gro...er-investments/
  Forum: By Share Code

nipper
Posted on: Sep 23 2019, 05:14 PM


Group: Member
Posts: 6,187

QUOTE
...stockbroker Morgans will be the new home of financial advisers in Commonwealth Bank of Australia's CommSec Advisory unit. Morgans is understood to have won a tender conducted by CBA, which pitted the firm against a bunch of rivals including Morgan Stanley Wealth Management, Ord Minnett and Wilsons.

It is understood there are about a dozen advisers in the CommSec team who together manage $4 billion to $4.5 billion on behalf of clients. CommSec Advisory offers financial planning and advice to clients, including high net worth clients and self managed super funds.

"We are pleased to announce that CommSec’s advisory business will transition to Morgans," Morgans executive chairman Brian Sheahan said in an internal memo seen by Street Talk.

"CommSec Advisory currently provides a full-service advice service to clients, making the transition an ideal fit for Morgans. "Today’s news is a natural progression in Morgans growth strategy, and provides CommSec advisers the opportunity to join our national network in offering their clients the best products, services and research analysis."

Sheahan said Morgans would invite CommSec's advisers to join a Morgans owned office in Brisbane, Sydney, Melbourne or Perth.

- still not my first port of call for advice. .... Or tenth.
  Forum: Investment Discussion

nipper
Posted on: Sep 23 2019, 03:26 PM


Group: Member
Posts: 6,187

20 Sept - Name change to Vortiv Ltd - code VOR
  Forum: By Share Code

nipper
Posted on: Sep 23 2019, 02:34 PM


Group: Member
Posts: 6,187

QUOTE
UK’s Civil Aviation Authority said Thomas Cook had now ceased trading and it will work with the British government to bring the more than 150,000 British customers home over the next two weeks. The group’s four airlines will be grounded and its 21,000 employees in 16 countries, including 9000 in the UK, will be left unemployed.

Australian firm Webjet said Thomas Cook was one of the customers of its WebBeds B2B business and it would take a $7 million hit as a result of the UK firm’s collapse.

The debt-laden Thomas Cook had said on Friday it was seeking £200 million to avoid going bust, and was in talks with shareholders and creditors to stave off failure.

“Despite considerable efforts, those discussions have not resulted in agreement between the company’s stakeholders and proposednew money providers,” Thomas Cook said in a statement. "The company’s board has therefore concluded that it had no choice but to take steps to enter into compulsory liquidation with immediate effect.”

always thought the travel biz was the ultimate Ponzi scheme. Take customers' money months in advance, but don't pay suppliers until completion.

And ...(MORE: UK starts largest peacetime repatriation !!)
  Forum: By Share Code

nipper
Posted on: Sep 23 2019, 02:23 PM


Group: Member
Posts: 6,187

QUOTE
It is understood SLC and its brokers have been testing investor appetite for a $80 million to $100 million equity raising, which would likely be done at a discount to the last close and likely via a placement of new shares. Fund manager sources said Canaccord Genuity had been introducing Superloop to potential investors.

Funds raised would likely be used to re-stock the company's balance sheet and allow the company's well regarded management team, led by Drew Kelton, to execute its business plan. Investor sources said pricing was expected to be pegged at about 75¢ a share, adding that questions had been raised about the company's increased debt levels and ongoing capital needs.

Superloop had $70.3 million net debt as at June 30 and senior bank facilities worth $120 million that were due to mature in October 2021. It recently told shareholders that the company was compliant with its banking covenants as at June 30 and had a waiver in place "on key covenant tests until 30th September 2019". Superloop also said it was in talks with its lenders to restructure its facilities.

A $90 million-odd raising would represent about 35 per cent of its current market capitalisation. Superloop shares last traded at $1.01. Should it come to market as fund managers expect, it would be the second time this year it had rattled the tin in front of investors.
AFR

...."Capital Hungry" !! Last raise was at $1.25, a suitor @ $1.90 walked. Are we there yet?
  Forum: By Share Code

nipper
Posted on: Sep 23 2019, 01:31 PM


Group: Member
Posts: 6,187

Fracking applications now welcome in W.A.

QUOTE
The West Australian Labor Government set up an independent scientific inquiry into the risks posed by fracking after being elected in 2017 and introduced a moratorium on the controversial practice. But in November 2018 they announced the moratorium would be lifted after the inquiry found fracking posed a low risk to human health and the environment if appropriately regulated.

The only company to have fracked wells in the Canning Basin has welcomed the lifting of the moratorium. Buru Energy did not respond to ABC requests for an interview, but in a statement to the stock exchange the company said they looked forward to working with government to implement the recommendations of the Independent Scientific Inquiry for further regulation of the industry.

"The moratorium has been lifted on the majority of Buru's current titles," the statement said in part. "We have agreed with the Government that the Broome township and water supply areas in our existing petroleum titles will form part of the Dampier Peninsula fraccing (sic) exclusion zone."

https://mobile.abc.net.au/news/2019-09-23/k...lifted/11475150
  Forum: By Share Code

nipper
Posted on: Sep 23 2019, 12:36 PM


Group: Member
Posts: 6,187

up some 25% today - and from 2c to 3.5c in the last month .....probably on the 'nearology excitement', plus managed to place shares at a 10% premium to prior to the Trading Pause. Raised $1.5mill
  Forum: By Share Code

nipper
Posted on: Sep 23 2019, 10:44 AM


Group: Member
Posts: 6,187

QUOTE
Interesting times....
indeed!!

With the groundswell recently witnessed ( "if you don't do something, we'll die") it's going to be more than interesting. For every point an opposing view can be put.

Change isn't a "Zero emissions" proposition that will magically solve everything. As someone who thinks the market has more answers than mandated solutions, I will still try to out my money in productive innovation. The car industry/ transport is 15-20% of a developed country's economy. Too big to ignore.
  Forum: Investment Discussion

nipper
Posted on: Sep 23 2019, 09:00 AM


Group: Member
Posts: 6,187

Still got to solve the the recharge /distance thing. Great around the city, but Syd to Melb? Also it took 100 years to get a service station network.

But change is coming.
  Forum: Investment Discussion

nipper
Posted on: Sep 23 2019, 08:29 AM


Group: Member
Posts: 6,187

QUOTE
ALICE QUEEN

Alice Queen (ASX:AQX) is another to benefit from the interest generated by the Alkane discovery. That should be no surprise given Alkane’s discovery hole lies within 700m of the boundary of the company’s Yarindury project tenement.

What’s more, Alice Queen reckons that based on magnetic data, the prospective Cadia-age rocks intersected at Boda extend at surface into its Yarindury ground where a trouser leg-shaped part of the tenement runs down from the north. It said if Alkane’s find proves to be a Cadia-scale (7km by 2km) porphyry field, then it is quite possible that significant mineralisation will extend across the boundary into its ground.

“As a priority Alice Queen will be surface mapping and sampling this adjacent area with a view to developing near-term drilling targets,” the company said.

Now it has to be said that Alice Queen has not been waiting for the Alkane discovery as it has been working up multiple drill targets under thin cover along its coverage of the northern reaches of the Molong volcanic belt.

With its modest 1.9c share price for a market cap of $14m, Alice Queen was getting prepared though to bring in a partner with deeper pockets to fund a drilling campaign. But because of Alkane’s success, Alice Queen’s phone has been ringing hot with fund manager-types asking if they could be of assistance. So the intention now is to self-fund the work on the ground adjacent to Boda and drill its priority targets to the north.

If any junior other than Alice Queen was making calls on what an adjacent discovery might mean for them, it would likely be dismissed as some nearology nonsense. But the company’s technical adviser is none other than John Holliday, a co-discoverer of the Cadia deposits back in the 1990s when he worked for Newcrest in what was a long career of finding things. Holliday reckons Alkane has made the best porphyry exploration discovery in NSW’s broader Lachlan Fold Belt, away from the three mine centres (Cadia, Cowal and Northparkes), in the last 20 or so years. He signed off on Alice Queen’s NSW exploration update saying that Alkane discovery had “clearly further enhanced the prospectivity” of Alice Queen’s tenements which cover the same belt of rocks in areas where they have hardly been explored because of the cover.


QUOTE
In the meantime, St Barbara (ASX:SBM) has started on its $4m farm-in deal under which it can earn a 70% interest in an exploration joint venture at Alice Queen’s Horn Island gold project. Drilling for a large-scale intrusion related gold system is likely to get going in the new year and like Alice Queen’s upcoming drilling back in NSW, will be one to watch.

Importantly, the existing 500,000oz gold resource outlined by Alice Queen is not part of the joint venture, nor is the infrastructure left over from a past gold mining operation on the island.
  Forum: By Share Code

nipper
Posted on: Sep 23 2019, 07:39 AM


Group: Member
Posts: 6,187

With separate threads, (Batteries, Lithium, Graphite, Manganese, etc) I thought I'd tie it together, with a new thread.

The following article is as good as any to start:
https://www.firstlinks.com.au/article/inves...debcaa-83781601
QUOTE
There aren’t too many occasions in business history where a well-established market shifts its form entirely in the space of just a few years.

But it looks like that’s exactly what’s in store for the motoring industry, as EVs become the norm and the internal combustion engine is rendered obsolete.

Our own forecasts show the EV market’s volumes are likely to grow at a greater than 30% compound annual growth rate (CAGR) to 2030, with the drive coming from tougher regulation and increased consumer demand

The whole issue seems to be; Is change coming as quickly as projected? As Bill Gates said, in 1996
QUOTE
"We always overestimate the change that will occur in the next two years and underestimate the change that will occur in the next ten.

Don't let yourself be lulled into inaction."
  Forum: Investment Discussion

nipper
Posted on: Sep 22 2019, 11:53 AM


Group: Member
Posts: 6,187

QUOTE
The increased interest in the NSW porphyry hunt as a result of Alkane's Boda discovery is sweetly-timed for DevEx (ASX:DEV), which is trading at all of 7.7c for a market cap of $10m. It began working up a NSW porphyry strategy a couple of years back and Alkane’s success comes just as it gets to the exciting part of drilling the targets it has generated at its Bogong and Junee projects, with the first holes likely in the December quarter.

In light of Alkane’s success, and the credentials of the Bogong and Junee targets, DevEx could be in for some interesting times.

Bogong is an interesting one in that it is kind of already a “discovery” given the presence of high-grade historic copper workings and a drill hole 45 years ago by a long-gone company which returned 54.9m at 1.1% copper from 6.1m and 9.2m at 2% copper from 39.6m. It was not assayed for gold. Rock chip results from samples collected by DeVex have returned assays of up to 10% copper and 0.47g/t gold associated with a porphyry intrusive.

Taking all of the information together, DeVex reckons it is on to an open-ended copper-gold system which extends for more than 500m of strike with a width of about 100m – one which has never been lit up by modern day geophysics or drilling. DeVex is out to change all that, with geophysics planned to start this month to define drill targets for the fourth quarter drilling program.

The Junee project, 60km north-west of the Bogong project, was zeroed in on by DeVex after the NSW Geological Survey suggested that rocks within the project area were prospective for large-scale Cadia and Northparkes-type porphyry systems in that it was a southern extension of the Junee-Narromine Volcanic Belt.

The majority of the prospective rocks are masked by transported cover so the project area has missed out on the intense exploration efforts on the belt to the north, though there was some limited drilling 20 years ago.

That suits DeVex fine as there is nothing worse than trying to find a big discovery by having to drill in between myriad holes drilled by others. It has been working up targets where the rocks are exposed and is planning to firm up drill targets with some geophysical work.

It all means that the junior will likely be drilling two porphyry copper-gold targets in NSW at the same time.
Barry Fitzgerald
  Forum: By Share Code

nipper
Posted on: Sep 21 2019, 09:03 PM


Group: Member
Posts: 6,187

QUOTE
The strengthening dollar in 2018 was responsible for knocking the Swiss off their perch as the world’s wealthiest citizens, according to a wealth report by German insurer Allianz. The average Swiss was worth €173,438 (CHF190,087) last year compared to €184,411 for the average American. The figure measures net wealth per capita, stripping out debt that each person owes on average.

Switzerland and the United States have been trading top place in the Allianz wealth rankings external link for the last few years. Because the figures are converted into euros for the report, the relative strengths of national currencies play a part in determining which country comes out on top.

Swiss citizens still enjoy the highest gross wealth, at €266,318, compared to €227,364 in the US, but Swiss debt, mainly in the form of outstanding mortgage loans, is much higher than in America.

Switzerland is one of four countries in western Europe where debt exceeds total economic output (128%). Only Denmark is more indebted per capita in the region (134.2%).

On a global level, net financial assets last year fell slightly from 2017’s record high of €132.4 trillion to €129.8 trillion. Allianz puts this down to heightened trade and other geopolitical tensions that saw share prices tumble around 12% in 2018.

swissinfo.ch/mga
  Forum: Off Topic Chat

nipper
Posted on: Sep 21 2019, 08:14 PM


Group: Member
Posts: 6,187

QUOTE
Lithium Australia (ASX: LIT)

Lithium Australia has achieved a recycling breakthrough after recovering critical metals from spent lithium-ion batteries. The achievement was made in conjunction with Australian Nuclear Science and Technology Organisation using Lithium Australia’s proprietary technology.

Lithium Australia’s partner Envirostream Australia collected, shredded and separated spent batteries to create a mixed metal dust. The dust was processed to recover lithium phosphate which was further refined and shipped to Lithium Australia’s wholly owned VPSC pilot plant where it will be converted into lithium-ferro-phosphate and used to produce coin cell batteries.

Lithium Australia anticipates it can also extract nickel and cobalt from spent batteries and ship a concentrate to end-users for further processing and use in new batteries.
  Forum: By Share Code

nipper
Posted on: Sep 21 2019, 08:12 PM


Group: Member
Posts: 6,187

Premier Investments added an impressive 15% after producing a 27.7% lift in FY19 profit to $106.8 million – which caught some traders off guard given the malaise confronting most retailers.

Online spending was up by almost 32%, revenue rose 7.3% and the final dividend rose 12.1% to 37c.
  Forum: By Share Code

nipper
Posted on: Sep 21 2019, 08:04 PM


Group: Member
Posts: 6,187

QUOTE
Grade is king
But dollars in the bank are what count (and impress the punters)

Cadia is the 3 billion tonne resource grading 0.36g/t gold and 0.26% copper being mined by Newcrest near Orange, with its gold production costs (after copper credits) coming in at a magical $US171/oz for the 912,000oz produced in FY2019.

And Alkane ... 0.48g/t gold and 0.2% copper over "hundreds of metres".
  Forum: By Share Code

nipper
Posted on: Sep 21 2019, 06:33 PM


Group: Member
Posts: 6,187

Alkane’s strong copper-gold hit re-ignites interest in NSW’s porphyry potential. ..... Spotlight turns to Alkane’s highly leveraged neighbours DevEx and Alice Queen
- by Barry FitzGerald
QUOTE
Alkane’s (ASX:ALK) big porphyry gold-copper hit at its Boda prospect in NSW’s central west continues to be the talk of mining investor circles. The 502m intersection grading 0.48g/t gold and 0.2% copper has seen Alkane’s share price climb almost 80% to 67.5c since it was announced on September 9.

Alkane said the drilling results provided “clear evidence of Cadia-style mineralisation and grade over hundreds of metres”, Cadia is of course the 3 billion tonne resource grading 0.36g/t gold and 0.26% copper being mined by Newcrest near Orange, with its gold production costs (after copper credits) coming in at a magical $US171/oz for the 912,000oz produced in FY2019.

Apart from the well-deserved share price spike for Alkane, the Boda find has served as a reminder that while NSW’s porphyry systems have already delivered world-class operations like Cadia and Northparkes (China’s CMOC), there could be plenty more to come.

That’s why interest in upcoming NSW porphyry drilling programs, particularly among the juniors where leverage to a big porphyry discovery is extreme, has taken off since Alkane released the Boda hit.

DevEx
The increased interest in the NSW porphyry hunt as a result of the Boda discovery is sweetly-timed for DevEx (ASX:DEV), which is trading at all of 7.7c for a market cap of $10m. It began working up a NSW porphyry strategy a couple of years back and Alkane’s success comes just as it gets to the exciting part of drilling the targets it has generated at its Bogong and Junee projects, with the first holes likely in the December quarter.

In light of Alkane’s success, and the credentials of the Bogong and Junee targets, DevEx could be in for some interesting times.

Bogong is an interesting one in that it is kind of already a “discovery” given the presence of high-grade historic copper workings and a drill hole 45 years ago by a long-gone company which returned 54.9m at 1.1% copper from 6.1m and 9.2m at 2% copper from 39.6m. It was not assayed for gold. Rock chip results from samples collected by DeVex have returned assays of up to 10% copper and 0.47g/t gold associated with a porphyry intrusive.

Taking all of the information together, DeVex reckons it is on to an open-ended copper-gold system which extends for more than 500m of strike with a width of about 100m – one which has never been lit up by modern day geophysics or drilling. DeVex is out to change all that, with geophysics planned to start this month to define drill targets for the fourth quarter drilling program.

The Junee project, 60km north-west of the Bogong project, was zeroed in on by DeVex after the NSW Geological Survey suggested that rocks within the project area were prospective for large-scale Cadia and Northparkes-type porphyry systems in that it was a southern extension of the Junee-Narromine Volcanic Belt.

The majority of the prospective rocks are masked by transported cover so the project area has missed out on the intense exploration efforts on the belt to the north, though there was some limited drilling 20 years ago.

That suits DeVex fine as there is nothing worse than trying to find a big discovery by having to drill in between myriad holes drilled by others. It has been working up targets where the rocks are exposed and is planning to firm up drill targets with some geophysical work.

It all means that the junior will likely be drilling two porphyry copper-gold targets in NSW at the same time.

ALICE QUEEN
Alice Queen (ASX:AQX) is another to benefit from the interest generated by the Alkane discovery. That should be no surprise given Alkane’s discovery hole lies within 700m of the boundary of the company’s Yarindury project tenement.

What’s more, Alice Queen reckons that based on magnetic data, the prospective Cadia-age rocks intersected at Boda extend at surface into its Yarindury ground where a trouser leg-shaped part of the tenement runs down from the north.

It said if Alkane’s find proves to be a Cadia-scale (7km by 2km) porphyry field, then it is quite possible that significant mineralisation will extend across the boundary into its ground.

“As a priority Alice Queen will be surface mapping and sampling this adjacent area with a view to developing near-term drilling targets,” the company said.

Now it has to be said that Alice Queen has not been waiting for the Alkane discovery as it has been working up multiple drill targets under thin cover along its coverage of the northern reaches of the Molong volcanic belt.

With its modest 1.9c share price for a market cap of $14m, Alice Queen was getting prepared though to bring in a partner with deeper pockets to fund a drilling campaign.

But because of Alkane’s success, Alice Queen’s phone has been ringing hot with fund manager-types asking if they could be of assistance. So the intention now is to self-fund the work on the ground adjacent to Boda and drill its priority targets to the north.

If any junior other than Alice Queen was making calls on what an adjacent discovery might mean for them, it would likely be dismissed as some nearology nonsense. But the company’s technical adviser is none other than John Holliday, a co-discoverer of the Cadia deposits back in the 1990s when he worked for Newcrest in what was a long career of finding things.

Holliday reckons Alkane has made the best porphyry exploration discovery in NSW’s broader Lachlan Fold Belt, away from the three mine centres (Cadia, Cowal and Northparkes), in the last 20 or so years. He signed off on Alice Queen’s NSW exploration update saying that Alkane discovery had “clearly further enhanced the prospectivity” of Alice Queen’s tenements which cover the same belt of rocks in areas where they have hardly been explored because of the cover.

In the meantime, St Barbara (ASX:SBM) has started on its $4m farm-in deal under which it can earn a 70% interest in an exploration joint venture at Alice Queen’s Horn Island gold project. Drilling for a large-scale intrusion related gold system is likely to get going in the new year and like Alice Queen’s upcoming drilling back in NSW, will be one to watch.

Importantly, the existing 500,000oz gold resource outlined by Alice Queen is not part of the joint venture, nor is the infrastructure left over from a past gold mining operation on the island.
  Forum: Macro Factors

nipper
Posted on: Sep 21 2019, 02:46 PM


Group: Member
Posts: 6,187

QUOTE
The Vulcan Lithium Project is aiming to be Europe’s and the world’s first Zero Carbon Lithium project. It aims to achieve this by producing battery-grade lithium hydroxide from hot sub-surface geothermal brines pumped from wells, with a renewable energy by-product, without the need for hard-rock mining. The Company recently announced a substantial Exploration Target of 10.73 to 36.20 Mt of contained LCE (Lithium Carbonate Equivalent), at its Vulcan Lithium Project in the Upper Rhine Valley of Germany.

The Exploration Target’s potential quantity and grade is conceptual in nature, there has been insufficient exploration to estimate a Mineral Resource, and it is uncertain if further exploration will result in the estimation of a Mineral Resource.
  Forum: By Share Code

nipper
Posted on: Sep 21 2019, 02:11 PM


Group: Member
Posts: 6,187

Yep, you don't know you you've bought at the Absolute LOW until the next day, or even quite a while afterwards. Falling knives and all that.

When the brand is being trashed, it's not really possible to use historical data to make a case for the future.

Though with 98% of current shareholders not taking up the (deeply discounted) SPP, it does tend to indicate a bit of Investor Fatigue.
  Forum: By Share Code

nipper
Posted on: Sep 21 2019, 02:02 PM


Group: Member
Posts: 6,187

QUOTE
Koppar Resources (KRX) 16c

Koppar owns the only lithium project in Europe – and one that oozes green credentials. Led by Volkswagen, the European car makers have set ambitious targets for electric car production – but the trouble is the scarcity of locally produced battery-grade lithium.

Koppar has outlined unusual plans to produce the coveted material from lithium-rich brines deep under Germany’s Upper Rhine Valley.

The other oddity that sets Koppar and its Vulcan project apart from other early-stage lithium plays is that the brines are in geothermal deposits that already produce plenty of electricity to power the region’s industrial machine.

Before it injects the heated fluids back into the ground, Koppar will extract the lithium material to produce battery-grade lithium hydroxide. The lithium is produced in a carbon-neutral manner demanded from the car makers.

Koppar chief executive Francis Wedin previously had a private company with a lithium asset that was sold to Pilbara Minerals. He then teamed with German geothermal guru Dr Horst Kreuter to build a package of assets and – yada yada – Koppar listed in May last year after raising $4.5m at 20c apiece.

Wedin says European car makers – and governments generally – won’t tolerate relying on Chinese and South American sources for lithium, a crucial ingredient in EV battery cathodes.

“From analyst forecasts Europe will produce about 16 per cent of the world’s lithium ion batteries from cathode material by mid 2020,” he says. “That number represents the entire battery lithium market now.”

Permitted across 78,000 hectares, the Vulcan project is in scoping study stage, with an “exploration target” of 10 to 35 million tonnes of contained lithium carbonate equivalent.

Unlike spodumene lithium producers, the project won’t require open cut mining (pretty much verboten in Europe) or an expensive plant. The recovery method of direct precipitation will also be much quicker than evaporation, the technique used by South American brine producers.

“Because the project is a cross between a minerals and geothermal play, you do a lot of desk top and seismic interpretation, rather like an oil and gas play,” Wedin says. “You don’t drill your wells until you are 80 per cent certain of success because of the cost of doing so.”

With grades at the lower of South America’s so-called salar deposits, Vulcan’s location is a key attribute in terms of resource security and achieving carbon neutral status.

“Our understanding is when you buy an EV in Europe the lithium in your battery essentially has travelled 50,000 km, which is a lot of carbon emissions,” Wedin says.

Stung by the ‘diesel gate’ scandal, VW has stated a consumer and regulator friendly goal of producing net zero carbon EVs from the end of this year. When procuring parts such as batteries, the car maker will give weighting to sustainability just as much as price. And at Stuttgart – a mere 60 km from the project – Mercedes Benz and Porsche are embracing EVs with renewed zeal, while even the hitherto reluctant Toyota has jumped on the high-voltage band wagon.

With a $7m market cap supported by $4.5m of cash, Koppar is being priced for failure. Wedin admits the geothermal lithium concept is untested, although others are having a crack. Should Koppar’s lithium quest stall, there’s the fall-back option of joining the Rhine Valley’s six other generators as a pure geothermal power play.

Meanwhile, Wedin says lithium prices are at more sustainable levels, having roughly halved over the last 12 months. “If you can’t make money at these prices you shouldn’t be in the business.”

https://www.sharecafe.com.au/2019/09/19/beh...arket-meltdown/
  Forum: By Share Code

nipper
Posted on: Sep 21 2019, 01:56 PM


Group: Member
Posts: 6,187

Wrap up by Tim Boreham

https://www.sharecafe.com.au/2019/09/19/beh...arket-meltdown/
QUOTE
The stronger-for-longer lithium story is not exactly panning out as such, with a global oversupply emerging and the upbeat blue sky stories supplanted by tales of woe from the emerging producers. The same thing’s happening with that other wonder battery metal, graphite.

Suddenly a litany of woes has enveloped the lithium sector, although arguably the downturn has been years in the making.....
  Forum: By Share Code

nipper
Posted on: Sep 20 2019, 06:49 PM


Group: Member
Posts: 6,187

Aside from outlining how its current investments went over the past 12 months, Soul Patts also gave some insight into areas where it’s looking for value across asset classes.

Those five areas are:
- Private equity
- Private credit
- Retirement living
- Financial services
- Agriculture

QUOTE
Obviously it’s quite difficult to find private equity on the ASX as well as private credit. Perhaps Soul Patts is thinking about stepping into the credit space where some banks aren’t really willing to lend any more – there’s still money to be made.
  Forum: By Share Code

nipper
Posted on: Sep 20 2019, 06:23 PM


Group: Member
Posts: 6,187

Sill coming out with utterances on one of Strategic's plays:
QUOTE
‘Stealth Technologies’ has commenced [participation with] the ON Prime: Defence Program for “innovative technology with potential to deliver real impact for Australia's national security and defence”.

Delivered by CSIRO in partnership with Defence Science and Technology (DST), the Program creates a unique opportunity to fast-track the Company’s defence technology proposition with experts and potential end-users. Defence Science and Technology (DST) is part of the Australian Department of Defence.

The Program seeks “innovative technologies that have the potential to deliver game-changing capabilities for Australia's national security and defence”.

The Stealth Technologies stealthOS (autonomous AI software) and robotics technology relevant to the Program is in ‘trusted autonomous systems’ and ‘integrated intelligence, surveillance and reconnaissance’.

The Program is delivered in partnership with DST under the Next Generation Technologies Fund, a $730 Million fund focusing on emerging and future technologies for the “future Defence force after next’.

The ON Prime: Defence Program will:
1. Assist to build Defence sector business model capabilities within Stealth Technologies
2. Test paths for intellectual property, know-how and technology through Defence sector customer discovery and market validation.
3. Be conducted over a three month period from 16 September 2019.
4. Enable Stealth Technologies to retain 100% of the Intellectual Property it develops in the Program.

- Uses a lot of buzz words and techno-nesrology, success by association. To date I'm not so sure there are 'runs on the board'. And a Q&A posted today talks around the points but didn't move the market.
  Forum: By Share Code

nipper
Posted on: Sep 20 2019, 05:16 PM


Group: Member
Posts: 6,187

QUOTE
Global regulatory technology business Kyckr (ASX: KYK) has completed the second tranche of a $5.2 million capital raising exercise, backed by cornerstone investor and billionaire entrepreneur Richard White.

The $3.1 million tranche was raised through the issue of 46 million fully paid ordinary shares to institutional and sophisticated investors, and will be added to the 32.35 million shares issued in the first tranche to accelerate the company’s global commercialisation activities.

The exercise was led by Mr White, who participated in both tranches and now has a 19.6% shareholding in Kyckr. Mr White is the founder and chief executive of Australian logistics software solutions giant WiseTech Global (ASX: WTC) which has a market cap of $11 billion and over 12,000 clients worldwide.

Kyckr chief executive Ian Henderson said his addition to Kyckr’s shareholder base will strengthen the company’s market position. “It is particularly rewarding [to us] that someone of Richard’s calibre has become a strategic investor which validates the strong appeal in [our] technology and business proposition,” he said.

Kyckr is the developer of the Kyckr.com digital platform which has seen early growth signs and 9000 new unique visitors since being re-launched as a new and improved product in May.

Powered by Microsoft Azure, the revamp features an all-new mobile responsive design centred around client needs and behaviours with “quick search” dropdowns, improved administration features and dashboard functionality, and increased information on Kyckr’s range of compliance solutions.

Key to the design is the real-time Know-Your-Customer (KYC) feature which is able to verify the identity of clients to prevent money laundering and financial crime.

“We are confident in our ability to capitalise on opportunities in the ever-growing regulatory technology industry as anti-money laundering procedures are increasingly required by financial institutions to reduce risk surrounding customer identification and monitoring,” Kyckr executive chairman Benny Higgins told investors earlier this month. “There is now greater demand for automated KYC intelligence which eliminates the need for time-consuming manual regulatory compliance checks [and] we are confident in our ability to accelerate growth, driven by global regulatory demands.”

Kyckr.com is believed to be is one of the largest platforms of its kind in the world with over 200 registries in 120 countries, enabling blue-chip customers such as Bloomberg, Citigroup and IBM to instantly find company profiles, credit reports and filings.

Since the platform’s inception, Kyckr has recorded accelerated revenue with a 55% growth in new registrations in 2018 compared to 2017, and a 43% growth in the first quarter of 2019. The company’s online revenue has also increased consistently year on year, up 64% in the first half of 2019 over the previous corresponding period.

https://smallcaps.com.au/kyckr-capital-rais...-richard-white/
  Forum: By Share Code

nipper
Posted on: Sep 20 2019, 03:42 PM


Group: Member
Posts: 6,187

QUOTE
Mineral Sands

To ascertain broader market trends in the pigment industry Morgan Stanley reviews the Chinese mineral sands industry. The rutile exposure of Iluka Resources (ILU) is concentrated in western markets yet the broker’s channel checks suggest its sales into China are receiving a premium relative to the second half reference price and could rise by around US$100/t over the next three months.

The company’s first-half high-grade rutile reference price was US$1107/t and its commentary indicated a 6-8% rise in the rutile and synthetic rutile prices is expected in the second half. Meanwhile, China’s ilmenite is sufficient to supply its market and there is almost no imported high-quality ilmenite stocks.

China’s domestic market continues to be affected by fluctuations in the currency, impacting the import price of titanium ore and export price of titanium dioxide. Globally, Morgan Stanley observes demand for titanium dioxide declined slightly in the second quarter of 2019 as China’s exports to the US fell, offset by an increase in exports to other markets.
  Forum: By Share Code

nipper
Posted on: Sep 20 2019, 01:52 PM


Group: Member
Posts: 6,187

QUOTE
Have heard that angle a number of times - sometimes it 's genuine, other times its a red flag - just IMHO

-seems like it's genuine. Liquidity increased, shareholder base engaged.

Holding onto gains since the May AGM / update/ accreditation in China. Recurring revenue from ongoing maintenance, and repeat customers - top-up or further associated projects ( once efficacy demonstrated)

and don't underestimate the amount of ESG/ "green" money flowing to such outfits
  Forum: By Share Code

nipper
Posted on: Sep 20 2019, 01:45 PM


Group: Member
Posts: 6,187

of the three small-caps in Water related activities, since this article appeared (April this year) one has done really well, one OK and one reverting to longer term

Phoslock Environmental Technologies Limited (PET, formerly Phoslock Water Solutions Limited) provides water technologies and solutions for lake restoration, reservoir managements and water quality management in storm water ponds.
Mentioned at 39c, now $1.39 due somewhat to making moves into China and gaining accreditation there.

De.mem Limited (DEM) is a Singaporean-Australian de-centralised water and waste water treatment business that designs, builds, owns and operates water and waste water treatment systems for its clients. Established in 2013, the company has offices in Singapore, Perth (Australia), Brisbane (Australia), and Ho Chi Minh City (Vietnam). .
Mentioned at 14c, now 19c.

Fluence Corporation Limited (FLC, formerly Emefcy Group Limited) is provider of decentralized water, wastewater treatment and reuse solutions for both municipal and industrial applications across the world.
Mentioned at 56c, now 43c (has been bouncing around he low-mid 40s for close to 2 years)
  Forum: Investment Discussion

nipper
Posted on: Sep 20 2019, 12:49 PM


Group: Member
Posts: 6,187

QUOTE
Units in agricultural property trust, Rural Funds Group fell heavily on Thursday, following the circulation of a Hong Kong-based report that accused its manager, Rural Funds Management, of running a Ponzi scheme.

The damning report, by advisory firm Bucephalus Research, followed Texas-based activist short-seller Bonitas Research's attack on Rural Funds Group and its manager Rural Funds Management a month before, which sent its units crashing 42 per cent..

In its report, Bucephalus said RFF units were worth $1.20 at best, while Bonitas said RFF units were "ultimately worthless".

RFM acknowledged the "critical" Bucephalus report in a statement to the Australian Securities Exchange on Wednesday. While it said the document's criticisms were "substantially similar" to claims made by Bonitas (which RFM is now suing in the NSW Supreme Court) it did not explicitly deny them.

Instead, it recommended investors rely on RFF's most recent full-year results and the Ernst & Young report that concluded the Bonitas allegations were not substantiated.

... RFF units fell more than 12 per cent on Thursday, closing at $1.71. They were trading at $2.35 before the first Bonitas report released on August 6 (and plumbed $1.20 before rebounding somewhat).

To have one activist short-seller label the company as "Ponzi" is unfortunate; to have two do so is careless.
(Capitalising costs and interest tends to do that!)
  Forum: By Share Code

nipper
Posted on: Sep 20 2019, 12:34 PM


Group: Member
Posts: 6,187

Drought D-day looms
QUOTE
Production cuts will be required within nine months at the Northparkes copper and gold mine unless soaking rain or the construction of new pipelines across New South Wales can solve the mine's water needs.

Severe drought and low flows in the Murray-Darling river system have forced Northparkes to rely mostly on groundwater, and managing director Hubert Lehman said that was unlikely to be sustainable beyond June 2020 if the drought conditions persist.

''July next year will really be D-day for us in terms of whether we actually cut production if there is not substantial rain,'' he told The Australian Financial Review.

''The general feedback from the (Parkes Shire) Council is that June next year would be the time where you possibly would sit with a situation that the department that manage the groundwater resources would basically say 'these borefields, you can't use any more water from them'. "It is almost an on or off approach with the borefields, so we might have a situation by July next year that we are in crisis".

https://www.afr.com/companies/mining/drough...20190916-p52rp2

... some hard decisions needing to be made. Just as well our young'uns have it in hand. (as long as it only affects others' hip pockets)
  Forum: Investment Discussion

nipper
Posted on: Sep 20 2019, 10:08 AM


Group: Member
Posts: 6,187

Clover delivers record revenue and profit growth for FY 2019
QUOTE
- Sales revenue in FY2019 was $76.7m (2018: $63.0m) an increase of 21.8%
- Net Profit After Tax in FY2019 was $10.1m (2018: $7.6m) an increase of 33.1%
- Sales of new products fuel growth and profitability
- Clover’s focus on expanding sales into new territories delivers growth
- The Balance Sheet remains strong with net debt of $5.2m
- Clover declares final dividend of 1.75 cent per share

Nice kick to SP

Looking forward
Clover continues to have a strong pipeline of opportunities to grow its market share in IF and to diversify into new adjacent markets. Whilst legislation in Europe to increase DHA in IF in 2020 and likely similar changes in China in future years provide good prospects for growth, we are seeing pressure on margins due to increased competition.

Clover expects to maintain its market position as reflected in the second half of FY2019.
  Forum: By Share Code

nipper
Posted on: Sep 19 2019, 09:43 AM


Group: Member
Posts: 6,187

SOL .... paying a fully franked final dividend of 34 cents per share, an increase of 3.0% over last year’s final dividend of 33 cents per share. This brings the total dividend for the year to 58 cents per share, up 3.6% - record date 18 November 2019 with payment due on 9 December 2019.

WHSP Chairman, Robert Millner said:
QUOTE
“WHSP aims to pay a stable and growing dividend through its diversified portfolio of assets. The Company has lifted both its interim and final dividend every year since 2000. Only two companies in the ASX All Ordinaries Index have been able to achieve this. The final dividend in 2000 was 6 cents and has grown to 34 cents, a compound annual growth rate of 12.3%.

“The driver of our ability to pay dividends is the regular cash generated from our portfolio. In FY19, regular cash from our operations increased 18% on the previous year. This means that WHSP is well positioned to continue the growth in its dividends.

“Our major investments continue to be impacted by regulatory issues. After 12 years New Hope continues to await approval for its New Acland extension, TPG is before the Federal Court seeking approval for its merger with Vodafone and Brickworks continues to be impacted by the higher gas and energy prices in Australia.
  Forum: By Share Code

nipper
Posted on: Sep 18 2019, 07:56 PM


Group: Member
Posts: 6,187

QUOTE
CropLogic, an underperforming micro-cap, has been placed on the ASX watch list after failing to disclose newly-appointed director Stephen Silver was banned by a US regulator for unethical practices involving Australian securities. The public naming and shaming is an unprecedented move by the ASX, which demanded the $27 million company release the information or the exchange would otherwise do so.

Companies on the so-called watch list, which is usually private, have their announcements vetted by the ASX Listings Compliance team before their release to market. Because of potential delays, any market-sensitive announcement requires a trading halt.

ASX chief compliance officer Kevin Lewis said in the letter that "the manner in which CropLogic has responded to ASX’s queries [is] unsatisfactory". Mr Lewis also said the company had not – as it claimed to have done – complied with the ASX's Corporate Governance Council’s principles and recommendations around director checks and disclosures. "The CropLogic matter is the first example of a new supervisory protocol, whereby ASX will require a company to inform the market that it is on ASX’s watch list due to unsatisfactory responses to ASX queries," ASX spokesman Matthew Gibbs said.

Before setting up his advisory firms, Mr Silver worked in the US and was suspended by the US broking body FINRA from dealing with a member firm for six months after accepting a settlement with the US regulatory body. In accepting the fines and settlements, Mr Silver did not admit or deny the findings. Mr Silver most recently established Evolution Capital Advisors and was previously the principal of Hunter Capital, another micro-cap adviser which advises CropLogic, among others. During the year to March 2019, CropLogic paid Hunter Capital $55,000 for consulting services and another $222,307 to capital raising services.

LTL Capital, a company owned by Mr Silver, owns 8.8 per cent of CropLogic. The company also owns shares in Victory Mines, Kleos Space, Gasfields, Thred, Golden Mile Resources and others.

Evolution Capital Advisors
Hunter Capital
LTL Capital,
Victory Mines,
Kleos Space,
Gasfields,
Thred,
Golden Mile Resources


💥🔥🛑🧱🔗⛓️📉
  Forum: Investment Discussion

nipper
Posted on: Sep 18 2019, 06:45 PM


Group: Member
Posts: 6,187

QUOTE
ExxonMobil will sell its Gippsland Basin oil and gas assets off Victoria’s southeast coast in a deal which could top $US2.5 billion ($3.65bn) sparking speculation whether BHP, its joint venture partner, may follow suit and cash out of its interest in the Bass Strait. Exxon confirmed a report in The Australian’s DataRoom column that it would place its 50 per cent stake, owned through Esso, on the market after years of speculation the US energy major was looking to quit its holdings. The announcement was made to hundreds of workers by Exxon’s new Australian chairman Nathan Fay on Wednesday.

“ExxonMobil will be testing market interest for a number of assets worldwide, including its operated producing assets in Australia, as part of an ongoing evaluation of its assets. No agreements have been reached and no buyer has been identified,” Exxon said in a statement. The deal would include offshore oil and gas assets and the Longford and Long Island Point plants in Victoria.

Production from Exxon’s Bass Strait fields — which are eastern Australia’s biggest domestic gas source with about 40 per cent of supply - have dropped by nearly a third, returning to pre-2015 production levels, as old fields dry up.

“ExxonMobil continually reviews its assets for their contribution toward meeting the company’s operating needs, financial objectives and their potential value to others,” the company said. “Operations will continue as normal throughout the effort to sell the assets. Our priorities continue to be effectively meeting the expectations of our customers, employees and business partners, while maintaining a consistent focus on safe and efficient operations.”

At its peak in the late 1970s, the joint Exxon-BHP venture provided 14 per cent of total government tax revenue and accounted for over half of all the nation’s crude oil production.

BHP said it remained committed to supplying the east coast gas market.

“BHP has been notified by Gippsland Basin Joint Venture partner and operator Esso Australia of its intention to market its interests in Bass Strait. BHP recognises the importance of GBJV to the reliable supply of gas into the east coast domestic market and we remain committed to maintaining that supply.”

However, sources close to the company said it may look to follow Exxon’s lead given the nature of its joint venture agreement and tax considerations amid speculation the resources powerhouse may view the project as too old and too small to retain in its portfolio.

The Gippsland Basin Joint Venture off the Victorian coast is owned by Exxon in partnership with BHP and produces oil and gas from Bass Strait. As part of the joint venture, Exxon also owns the Kipper gas field in the same area, with its 30 per cent interest estimated to be worth about $US800m.
time for smaller players to get a nibble??
  Forum: By Share Code

nipper
Posted on: Sep 18 2019, 06:42 PM


Group: Member
Posts: 6,187

QUOTE
ExxonMobil will sell its Gippsland Basin oil and gas assets off Victoria’s southeast coast in a deal which could top $US2.5 billion ($3.65bn) sparking speculation whether BHP, its joint venture partner, may follow suit and cash out of its interest in the Bass Strait.

Exxon confirmed a report in The Australian’s DataRoom column that it would place its 50 per cent stake, owned through Esso, on the market after years of speculation the US energy major was looking to quit its holdings. The announcement was made to hundreds of workers by Exxon’s new Australian chairman Nathan Fay on Wednesday.

“ExxonMobil will be testing market interest for a number of assets worldwide, including its operated producing assets in Australia, as part of an ongoing evaluation of its assets. No agreements have been reached and no buyer has been identified,” Exxon said in a statement.

been good for the country. Thanks Lewis George Weekes, and what leverage BHP got :
QUOTE
In 1958 Weekes retired as the Standard Oil's chief geologist and set up as an independent consultant. One of his first clients, Broken Hill Proprietary Co. Ltd, sought his services as the 'best petroleum geologist in America' to assist its efforts to find oil in Australia.

Visiting Australia in 1960, he asked for (and was granted) a 2.5 per cent royalty on any commercial discovery. He then recommended that B.H.P. begin exploration off the south-eastern coast of Victoria. It was critical timing, as the technology for drilling in rough seas was then being developed in California.
  Forum: Macro Factors

nipper
Posted on: Sep 18 2019, 04:29 PM


Group: Member
Posts: 6,187

Where does the ACT's power come from?
76 per cent = large scale renewable power bought through reverse auctions
22 per cent = bought from ACT's contribution to the renewable energy target — from solar, wind and hydro farms across the country
2 per cent = excess solar power generated by ACT residents
  Forum: Investment Discussion

nipper
Posted on: Sep 18 2019, 04:12 PM


Group: Member
Posts: 6,187

QUOTE
Canberrans asked to do 'heavy lifting' in battling climate change


https://www.abc.net.au/news/2019-09-16/act-...ifting/11517484

- picking winners, or at least Virtue Signalling of the highest order. (amazing what a 'green' can achieve with 10-12% of the vote BUT the balance of power in the local Legislature

Among the suggestions: car-free days, changing costs of car registration, as well as restricting parking ..... in a bid to move people away from private petrol-powered cars. Too bad the public transport offering is woeful, diabolical, shambolic (and controlled by Unions).

Local Chief Minister Barr said people could still drive, and enjoy driving, but they would be doing it in a different vehicle in the future. "I think the type of vehicle that people utilize to undertake that sort of free and easy movement … that will change," he said. "That's going to be driven by international trends in motor vehicle production, we don't make cars in Australia anymore, we import all of them."

Best and probably most rational response to the Govt initiative :“Electric autonomous vehicles perhaps, they will give the elderly and disabled far greater freedom than they currently have. It is a plan. “ , was as follows
QUOTE
Being an aged person, I would be very hesitant to get into a driver-less car controlled by computers. I have visions of the Greens overriding my chosen destination on the computer and then arriving instead at the Soylent Green factory.
  Forum: Investment Discussion

nipper
Posted on: Sep 18 2019, 04:05 PM


Group: Member
Posts: 6,187

Canberrans asked to do 'heavy lifting' in battling climate change including give up cooking with gas

QUOTE
Under targets set by the new strategy [to go carbon neutral], the ACT would be the first Australian jurisdiction to go natural gas-free from 2045.

Regulations will be changed to remove the requirement for developers to include gas connections in new suburbs. But the policy is a moderately awkward one for the ACT Government, which is a shareholder in ActewAGL, a retail provider of natural gas to Canberra households.

Mr Barr said he expected the transition away from gas within households would be fairly natural. He said as gas appliances died, households would replace them with electric goods, simply because they were most cost-effective. Mr Barr said it was basic consumer maths, as all-electric new home will save an ordinary household around $450 per year.

"I would certainly say to people, look at the relative pricing as well and I think people will reach that conclusion themselves, in terms of the cost of those appliances and how much they cost to run," he said. "The market will drive a lot of that change over the coming two decades."

https://www.abc.net.au/news/2019-09-16/act-...ifting/11517484
  Forum: Macro Factors

nipper
Posted on: Sep 18 2019, 03:06 PM


Group: Member
Posts: 6,187

I had a look at the latest Investor Presentation: there seems to be an escalation of sophistication (YGWYPF) in DRO's offerings. Most seem to work in 1-2km and possibly up to 5km.

Because the drone is a targeted device, usually with two-way feed, real tit signal emitted and commands out, they may actually take over controls and thus land or otherwise render safe. Check out some of the links.

I'd say, just guessing, the weapons that hit the refineries were more V3's. Wernher von Braun would be impressed.
  Forum: By Share Code

nipper
Posted on: Sep 18 2019, 11:35 AM


Group: Member
Posts: 6,187

QUOTE
Necessity is the mother of invention, and the growth of drone use by non-state actors represents the latest innovation in a never-ending arms race against technologically superior foes.

Not content to simply be dominated in conventional military terms, many groups have sought for ways to undermine their opponents, negating their advantages in novel ways.

Unlike a normal arms race, in which two foes on relative parity seek to match and one-up one another within an existing context (eg tank versus tank), this unconventional approach seeks to change the very rules of the game itself (eg deny the enemy their ability to use tanks at all).....
https://www.abc.net.au/news/2019-09-18/dron...e-ieds/11520196

Apart from military and Law Enforcement
.... Critical Infrastructure (incl. 65,000 power plants).
... Prisons (20,000 globally)
... Airports (42,000 globally)
... Special Events (including 11,000+ stadiums)
  Forum: By Share Code

nipper
Posted on: Sep 18 2019, 11:10 AM


Group: Member
Posts: 6,187

still climbing
QUOTE
DroneShield Limited (DRO) designs detection systems that use specialised technology to achieve levels of precision and sensitivity that are not possible with other methods.

The Company has developed multilayered pre-eminent drone detection and disruption solutions that protect people, organisations and critical infrastructure from intrusion from drones.

forming a partnership with BT, in the UK
QUOTE
.... effect of the partnership is that BT, with its millions of customers in the UK and globally, including, notably, airports and other civil infrastructure, is rolling out an anti-drone service UK-wide, using DroneShield’s products and technology.

While DroneShield has previously co-operated with larger organizations in several countries, this is a very different arrangement, with a very different company. This partnership with BT, coupled with the urgent need for the solution across the UK, cracks open for DroneShield one of the world’s largest anti-drone markets that is also ahead of other countries in adopting anti-drone technologies. This is an important step-change for DroneShield.

This is the first time that a major global telecommunications provider will offer standalone drone mitigation services to its customer base....

  Forum: By Share Code

nipper
Posted on: Sep 18 2019, 10:40 AM


Group: Member
Posts: 6,187

Altech Chemicals Limited is pleased to provide an update on the current status of construction activities at the Company’s high purity alumina (HPA) plant site in Johor, Malaysia
QUOTE
• Majority of Stage 1 construction nearing completion
• Workshop building now complete
• OSD Tank walls finished and work underway on roof panel fabrication
• Electrical substation design approved and earthworks to commence shortly
• Stage 2 engineering activities have commenced

....and now, an invite to build in Saxony, Germany
QUOTE
....the Company is of the view that there is merit in commencing early stage planning for additional future HPA plants, now. Considering the invitation letter from the Saxony state government and the strong signals from the European Union (EU) on its desire to foster a rapid transition to electric vehicles, and to establish a fully integrated materials supply chain to underpin the transition, the Company’s current strategic thinking is for its next HPA plant to be located in Europe

QUOTE
HPA is a high-value, high margin and highly demanded product as it is the critical ingredient required for the production of synthetic sapphire. Synthetic sapphire is used in the manufacture of substrates for LED lights, semiconductor wafers used in the electronics industry, and scratch-resistant sapphire glass used for wristwatch faces, optical windows and smartphone components.
Increasingly HPA is used by lithium-ion battery manufacturers as the coating on the battery’s separator, which improves performance, longevity and safety of the battery. With global HPA demand approximately 19,000t (2018), it is estimated that this demand will grow at a compound annual growth rate (CAGR) of 30% (2018-2028); by 2028 HPA market demand is forecast to be approximately 272,000t, driven by the increasing adoption of LEDs worldwide as well as the demand for HPA by lithium-ion battery manufacturers to serve the surging electric vehicle market.
  Forum: By Share Code

nipper
Posted on: Sep 18 2019, 08:22 AM


Group: Member
Posts: 6,187

QUOTE
Last September, the board of Yellow Brick Road successfully urged shareholders to reject Kiwi corporate raider Ron Brierley's 9¢-per-share takeover offer. The wealth manager, the board comprised of TV business guru Mark Bouris, his brother Adrian and John George insisted, was worth far, far more, potentially up to 38¢ a pop.

But Yellow Brick Road hasn't traded at 9¢-per-share since January. And on Friday, its board had no trouble issuing control of 12.3 per cent of the company to US hedge fund Magnetar for a mere 6¢ a share.

The placement, YBR told the ASX, was only being offered at a "small discount to recent traded prices", and wouldn't be subject to shareholder approval.

Despite its share price malaise, you'd expect things to be looking up for the wealth manager. Sure its loss blew out to $37.4 million in FY19, but at least the royal commission is behind it, and Magnetar is providing the lending capital for its long-mooted securitisation facility, which will finally allow Yellow Brick Road to write its own home loans.

These wins make the cheap placement all the more notable. If Yellow Brick Road was worth so much a year ago, why isn't it worth more now?
....

What steps next?.. You'd have to think any mug minor shareholder would want to run a mile.🏃🏃🏃
  Forum: By Share Code

nipper
Posted on: Sep 18 2019, 08:17 AM


Group: Member
Posts: 6,187

Probably called capitulation?

BAL couldn't get a license for China, then the state affiliated company makes an offer.... ..and obstacles will mysteriously evaporate
  Forum: By Share Code

nipper
Posted on: Sep 18 2019, 08:14 AM


Group: Member
Posts: 6,187

And where is this trading occurring?
QUOTE
In April 2019, sales desks in five countries – the United Kingdom, the United States, Hong Kong SAR, Singapore and Japan – facilitated 79 per cent of all foreign exchange trading.

Trading activity in the United Kingdom and Hong Kong SAR grew by more than the global average, the survey found. Mainland China also recorded a significant rise in trading activity, making it the eighth largest FX trading centre, up from 13th in April 2016.

At $US2.0 trillion per day, the volume of spot trades in April 2019 was some 20 per cent greater than in April 2016, but still below the level recorded in the April 2013 Triennial Survey.

- not much faith in Beijing as trusted counterparty.
  Forum: Macro Factors

nipper
Posted on: Sep 18 2019, 07:38 AM


Group: Member
Posts: 6,187

QUOTE
The Australian dollar was on one side of 6.8 per cent of all foreign exchange trades in April 2019, from 6.9 per cent three years ago, the Bank for International Settlement's triennial central bank survey of global foreign exchange activity found.

The currency's relative strength came even as trading in FX markets surged 29 per cent to $US6.6 trillion ($9.6 trillion) a day in April, from $US5.1 trillion in April 2016. Growth of FX derivatives, especially foreign exchange swaps, outpaced that of spot trading, the survey found.

As expected, the US dollar retained its status as the go-to currency, being on one side of 88 per cent of all trades, up from 87.6 per cent three years ago. In second spot was the euro at 32 per cent, up from 31.4 per cent.

In contrast, Japan's yen slid almost 5 percentage points to 16.8 per cent from 21.6 per cent; it did however hold as the third most traded currency.

The survey put currencies from Emerging Markets as a group in fourth place.

As in previous surveys, the BIS said currencies of emerging market economies (EMEs) again gained market share, reaching 24.5 per cent of overall global turnover, from 21 per cent.

China's currency however expanded only slightly faster than the aggregate market, and the renminbi did not climb further in the global rankings. It remained the eighth most traded currency - with $US284 billion in turnover - with a share of 4.3 per cent, ranking just after the Swiss franc. Three years ago it was at 4.0 per cent. The US dollar was on the other side of 95 per cent of all renminbi transactions.

As for the Australian dollar, it was in fifth place followed by both the Canadian dollar and Swiss franc at 5 per cent each. New Zealand's currency closed out the top 10.

https://www.afr.com/markets/currencies/aust...20190917-p52s0l
  Forum: Macro Factors

nipper
Posted on: Sep 17 2019, 09:30 PM


Group: Member
Posts: 6,187

700 Filipino maids that ran away from their Saudi employers will die, inside the the Philippine Embassy in Riyadh.
And Iran uses hostage taking as bargaining chips

A Pox on both of them IMO
  Forum: Investment Discussion

nipper
Posted on: Sep 17 2019, 07:17 PM


Group: Member
Posts: 6,187

"Only analogy in history " - Bulldust. So selective you trivialise your argument. History is littered with collective inhumanity

Houti ideology alignments
Zaidi revivalism
Anti-imperialism
Irredentism
Anti-Zionism
Antisemitism (officially denied)
Yemeni nationalism
Big tent populism

- not really my 'go to' choices of political positioning.
  Forum: Investment Discussion

nipper
Posted on: Sep 17 2019, 01:02 PM


Group: Member
Posts: 6,187

despite yr cynicism, biogeochemical sampling isn't too far out there. It is merely a technique, and may work when looking for traces that are close to the surface. It is only ever to be a ppm thing
QUOTE
Reconnaissance Success (Ann of 31 July 2019)
Tree leaves yield new discovery gold hole located 450m to the NE.

By targeting elevated gold in tree leaves outside the known area of mineralisation (recon drilling), Marmota has made a new discovery hole 19ATAC098 located about 450m north of the Aurora Tank mineralised zone, and intersecting 6m @ 3.4 g/t gold (from 44m to end of hole). This hole was drilled to test a biogeochemical target from sampling of Senna tree leaves


https://www.sciencedirect.com/science/artic...375674210000166
  Forum: Macro Factors

nipper
Posted on: Sep 17 2019, 12:28 PM


Group: Member
Posts: 6,187

QUOTE
New Hope Corporation chairman Robert Millner has accused state governments of using taxpayer funds to block coal developments and destroy jobs as the company battles for mining approvals in Queensland. Mr Millner also blasted anti-coal campaigners, questioning their moral right to deny the benefits of affordable electricity to countries like India.

The billionaire investor’s swipe at activists and the Queensland Government came as New Hope announced revenue up 21 per cent to $1.3 billion and the company's best ever full year profit before non regular items. Net profit after tax was up 3 per cent to $268 million on the back of an increased share of coal sales from the Bengalla joint venture after increasing its stake in the operations from 40 per cent to 80 per cent in 2018-19.

Mr Millner said New Hope was committed to delivering the New Acland stage 3 project despite approval delays and legal battles that have seen it move to make 150 workers redundant from next month.
  Forum: By Share Code

nipper
Posted on: Sep 17 2019, 12:16 PM


Group: Member
Posts: 6,187

the snow will all be gone by then; only the cold wind will remain !
  Forum: Off Topic Chat

nipper
Posted on: Sep 17 2019, 10:40 AM


Group: Member
Posts: 6,187



Goulburn this morning
  Forum: Off Topic Chat

nipper
Posted on: Sep 16 2019, 08:51 PM


Group: Member
Posts: 6,187

QUOTE
The ASX-listed gold mining space could be in for a major equity raising in the months ahead, as Credit Suisse starts moving on a sale of Barrick Gold’s interest in the $1bn-odd Super Pit mine. It is understood that the Swiss bank has started contacting potential suitors for the sale, with documents expected to soon hit the desks of bidders. The expectation is that Barrick’s 50 per cent interest in the mine will sell for between $US300m and $US400m ($436m-$581m).

So far, the listed Northern Star is considered the most likely buyer, but other groups expected to take an information memorandum include Evolution Mining and offshore groups such as Gold Fields, Zijin Mining and Canadian miner Kirkland Lake Gold.

Should Northern Star or Evolution Mining buy the interest, the expectation is that an equity raising could be launched.......

https://www.theaustralian.com.au/business/d...0c0dcc5da8b5afc

- of course Newmont own the other 50%, and is considered to be a likely seller as well. ....

.....So, why are they selling?
  Forum: Macro Factors

nipper
Posted on: Sep 16 2019, 07:00 PM


Group: Member
Posts: 6,187

QUOTE
The Paul Ramsay Foundation is offloading part of its stake in the country’s largest private hospital operator, Ramsay Healthcare, in a deal worth more than $1.36 billion. The block trade is understood to be the largest in more than two years, with JPMorgan and UBS working on the deal.

Shares were being sold through a book build unfolding after the market closed Monday. The trade has been underwritten at a $61.80 floor price and bids called for in 20c increments, with a ceiling price of $63.80. The deal involves 22 million Ramsay Healthcare shares, representing 10.9 per cent of the company.

Since the start of the year, speculation had been mounting that the Paul Ramsay Foundation would sell down part of what in March was a $4bn interest in the company. The stake has increased in value with Ramsay’s share price this year being on an upward climb. A year ago the shares were trading around $55.

The Paul Ramsay Foundation inherited a major interest in Ramsay Health Care following the death of its founder, Paul Ramsay in 2014. At that time, the foundation, which supports charitable causes in Australia aiming to identify the root causes of disadvantage, held about 36 per cent of the company.

It had already sold down some of its interest in 2014, divesting about 2.2 per cent of its shares in a deal worth $224.4m. At that time, the trade was handled through Deutsche Bank, with the company said to be close to Hong Kong-based banker James McMurdo, who previously worked at Goldman Sachs.

One school of thought had been that the company could divest half of its interest, which would release about $2bn worth of cash to diversify into other investments. When the foundation secured the stake it was thought to be worth about $3.3bn.

Shares in Ramsay closed at $65.20

meantime, in the Little League
QUOTE
Ramsay Health Care Ltd (ASX: RHC)
Ramsay is another stock that has been delivering growth and income to investors for years, through its portfolio of private hospitals that are amongst the best in the country. This company is one of only a handful that can boast an increased dividend every year since the turn of the century. In addition to this stellar income performance, RHC shares have grown from $1 a share in January 2000 to today’s price of $65.16 – a return of 6,400% over nearly 20 years.

The same tailwinds that explained my bullishness on Medibank also apply to Ramsay – our ageing population should increase reliance on the private health system over the coming decades as Medicare comes under increasing pressure. These tailwinds, together with Ramsay’s superlative record on dividend payments, make this stock another fantastic company to hold for the future.

Foolish takeaway
In my opinion, both of these companies are among the best stocks the ASX has to offer. A history of rising income matched by capital growth is an important indicator of the quality of the underlying company, so in my view, both Medibank and Ramsay have demonstrated their worth in spades
- Motley Fool
  Forum: By Share Code

nipper
Posted on: Sep 16 2019, 06:38 PM


Group: Member
Posts: 6,187

Up some 24%

  Forum: By Share Code

nipper
Posted on: Sep 16 2019, 03:45 PM


Group: Member
Posts: 6,187

So, you chewed on it a while?
  Forum: Off Topic Chat

nipper
Posted on: Sep 16 2019, 10:43 AM


Group: Member
Posts: 6,187

Most sensible and/ or bitten / twice shy investors have given this company a wide berth. I mean, the news keeps coming; sometimes bad sometimes awful:
QUOTE
Almost 98 per cent of AMP’s retail shareholders decided against buying more shares at a heavily discounted $1.60 a pop. And yet, the stock closed on Friday at $1.86. assuring everyone who did participate in the share purchase plan an immediate 16.3 per cent gain.

At least AMP’s board are attentive enough to spot a bargain when they see it. David Murray, John Fraser, Andrew Harmos, John O’Sullivan, Andrea Slattery, Peter Varghese and Mike Wilkins took up their full entitlements, each putting down $15,000 to buy 9375 AMP shares that were worth $17,156.25 on the very day of their issue.
  Forum: By Share Code

nipper
Posted on: Sep 16 2019, 09:59 AM


Group: Member
Posts: 6,187

A termite walks into a saloon. He looks around, and wonders, "Is the bar tender here?"
  Forum: Off Topic Chat

nipper
Posted on: Sep 16 2019, 09:37 AM


Group: Member
Posts: 6,187

QUOTE
Ad

Bellamy's recommends takeover

China Mengiu Dairy Company has lobbed a takeover offer at Bellamy's Australia , proposing to acquire the company at $13.25 per share, comprising a $12.65 cash component and a 60¢ fully franked special dividend paid by Bellamy's.

The cash offer values Bellamy's equity at $1.5 billion and the offer is at a 59 per cent premium to its Friday closing price of $8.32.

Bellamy's has entered into a scheme implementation deed with China Mengniu, a Hong Kong listed dairy product manufacturer with a market capitalisation of approximately $24.6 billion.

The Bellamy's board has unanimously recommended that shareholders vote in favour of the scheme.
  Forum: By Share Code

nipper
Posted on: Sep 16 2019, 07:32 AM


Group: Member
Posts: 6,187

QUOTE
Brexit dominates the media agenda as Britain lunges towards October 31, but [Peter Estlin, London's Lord Mayor,] insists that the sky is not about to fall on London. So what of the story that bankers are leaving the city in droves and money is pouring out of the capital? “Well the story is not that” says Estlin.

“During the time frame of Brexit, we have seen growth in employment. We’ve seen further growth of capital inflows. Clearly individual businesses are making decisions, but I am not aware of any business that has relocated lock, stock and barrel to the continent. In fact, the reverse: I’ve seen businesses coming into the city because they want to continue to access the capital markets, and so they see London as being critical to their future.”

The lord mayor acknowledges that some businesses have hedged by moving part of their workforce in Dublin or Luxembourg, but he gauges the numbers at between 5000 and 7000.

“When you then put that alongside the 30,000 to 40,000 jobs that have been created through fintech and cyber and the other areas, that’s why we’re seeing a net growth.”

The former Barclays and Salomons banker is confident that even in the worst case scenario, a no deal, business would adapt.

“The City as a services centre I wouldn’t say is immune, but has basically prepositioned itself for any outcome. It is the businesses that are involved in the movement of goods that are at risk.

https://www.theaustralian.com.au/business/b...3011e082c444847

- not many in the "global city" (haha) voted for Brexit
  Forum: Investment Discussion

nipper
Posted on: Sep 16 2019, 07:23 AM


Group: Member
Posts: 6,187

Good day to fill up the tank
  Forum: Macro Factors

nipper
Posted on: Sep 15 2019, 05:36 PM


Group: Member
Posts: 6,187

QUOTE
Saudi Arabia says drone attacks at two massive oil processing facilities have knocked out half of the country's total oil production.

Key points:
- The attacks have slashed the refineries' total production
- Iranian-backed Houthi rebels claimed responsibility for the attack
- Online videos showed huge flames engulfing the Abqaiq facility, with both blazes now under control

https://mobile.abc.net.au/news/2019-09-14/d...-fires/11513728
!!
  Forum: Macro Factors

nipper
Posted on: Sep 15 2019, 04:45 PM


Group: Member
Posts: 6,187

and there there is Z1P ............... (note single digit inserted) (not to be confused with ZIP ZipTel)
QUOTE
Zip Co Limited (Z1P, formerly Zipmoney Ltd) operates in financial products and payment solutions to consumers, and providing a variety of integrated solutions to small, medium and enterprise merchants across numerous industries, both online and in-store. Company operates in Australia and New Zealand
this share seems to be chuffing along quite nicely, up from $1 to $3.50 in a year
Their statement "Revenue is not dependent on customers falling in arrears" probably a well-aimed jibe at some of the others in this space, not mentioning AfterPay

(Seems this might be a new thread, while blacksheep has already had a hearty line of posts up and running, under Z1P, ZIP CO LIMITED )
  Forum: By Share Code

nipper
Posted on: Sep 15 2019, 04:31 PM


Group: Member
Posts: 6,187

QUOTE
ZipTel Limited (ZIP, formerly Skywards Ltd) is a telecommunication service provider in Australia, which focuses on providing international roaming and calling solutions to consumers and businesses.

The company's major products are AussieSim and RoamEzy. The company also provides international roaming and calling solutions to the consumer.

- hasn't really rung up much success
And, in June ....... with Perth-based software developer Lateral:
QUOTE
Under the collaboration agreement, ZipTel and Lateral will work together to deliver bespoke software development solutions for third parties. The agreement follows on from the Company flagging its intention to expand its software development offering to prospective customers, leveraging the Company’s strong app, software development and telephony experience. ZipTel’s specialised experience will add to Lateral’s already extensive full-service capabilities.

Together, the companies will look to leverage their capabilities and contacts to generate new business and new engagements which will be profitable and beneficial to both companies. The split of revenue between the companies will be agreed per engagement, based on the source of the engagement and the development resources used.

Although the financial impact of the collaboration agreement is not determinable at this time, ZipTel intends to build up a portfolio of engagements and clients and will update on these events in due course.

- nothing, so far. "Bespoke/ leverage/ full service" .... ... Nice words, what do they mean?
  Forum: By Share Code

nipper
Posted on: Sep 15 2019, 04:15 PM


Group: Member
Posts: 6,187

Another one doing the rounds
QUOTE
An invisible man marries an invisible woman. The kids were nothing to look at either.
  Forum: Off Topic Chat

nipper
Posted on: Sep 14 2019, 08:20 PM


Group: Member
Posts: 6,187

Funds flow fast as water barons tap opportunity
QUOTE
...Prior to the 1980s, entitlement to irrigation water was linked direct­ly to ownership of agricult­ural land. Over the years, state and federal governments relaxed the rules, removing in 2014 the last barriers to anyone buying, selling, leasing and speculating on irrig­ation water entitlements, whether they had any connection to the land or not.

Now water barons can trade water like farmers: they can buy and sell permanent entitlements, which provide a share of available water each year across a region, and trade what is known as temp­orary “allocation” water on the spot market.

[Duxton] set up their dedicated water trading company separate from agricultural concerns. They described Duxton Water as “Australia’s only ASX-listed vehicle providing investors with direct access to water”....
https://www.theaustralian.com.au/business/f...#story-comments

1. Everyone wants to capitalise gains and socialise losses
2. No Govt imposed model leaves all players happy
  Forum: By Share Code

nipper
Posted on: Sep 14 2019, 08:01 PM


Group: Member
Posts: 6,187

QUOTE
BHP has taken a stake in United States biotech Cemvita Factory, a start-up company that is developing bio-engineered pathways that support carbon dioxide sequestration and utilisation. The Houston-based Cemvita is in the process of developing a portfolio of CO2 conversion microorganisms, including a platform that mimics photosynthesis and other natural processes.

BHP chief geoscientist Laura Tyler said the company was interested in the potential for biomimetic technology to enhance remediation of mine-impacted soils and water.

“Biomimetics have the potential to convert CO2 into useful downstream products such as chemicals and polymers, and it also holds promise for the remediation of mine sites,” Tyler said. "This strategic investment fits well with BHP’s vision of the future: reducing operational greenhouse gas emissions, reducing environmental impact and the development of low-emissions technology, including increased application of carbon capture, utilisation and storage technology.”

The technology is based on established methods of synthetic biology to improve the metabolic capacity of environmental-friendly photosynthetic microorganisms for CO2 utilisation. These microorganisms may also be used for different purposes, including the treatment of heavy metal or acidic contamination, utilising and sequestering carbon dioxide in the process.

BHP stated that it hoped the technology would enable the discovery of new low cost, high volume treatment alternatives, removing traditional treatment overheads, transportation cost, and the continuous management of legacy sites.

The announcement follows BHP’s $US6 million equity investment in Carbon Engineering, a Canadian-based company leading the development of direct air capture, earlier this year. Carbon Engineering’s technology has the potential to deliver large-scale negative emissions by removing carbon dioxide from the atmosphere.

Tyler said BHP was committed to accelerating the global response to climate change by investing in emerging technologies that had the potential to lead to reductions in greenhouse gas emissions.

“As the Intergovernmental Panel on Climate Change (IPCC) said, if we are to avoid the worst effects of climate change, technologies that capture and remove CO2 will be required,” Tyler said. “Cemvita Factory’s technology has the potential to contribute to how we reduce CO2 in the atmosphere.”
  Forum: By Share Code

nipper
Posted on: Sep 14 2019, 07:17 PM


Group: Member
Posts: 6,187

But you may not realize that capital preservation can be better than growth, if the growth comes with too much risk. Here’s the math.

Recovering from a 20% loss requires a 25% gain
Recovering from a 30% loss requires a 43% gain
Recovering from a 40% loss requires a 67% gain
Recovering from a 50% loss requires a 100% gain
Recovering from a 60% loss requires a 150% gain
  Forum: Investment Discussion

nipper
Posted on: Sep 14 2019, 10:51 AM


Group: Member
Posts: 6,187

It would be hard to argue against Bunnings being the jewel in WES crown.

Now Amazon is setting up an online ' outdoor leisure & gardening' biz in Australia
https://www.businessinsider.com.au/amazon-i...in-store-2019-9

Will this finally clip Bunnings, both at growth and margins? I suspect somewhat, but the wish fulfilment of turning up and taking the stuff, bulky to boot, away still has an attraction to many. Especially as this sort of discretionary retail activity is secondary, not front of mind, most of the time.

The " beat it by 10%" bait may be revisited, though.
  Forum: By Share Code

nipper
Posted on: Sep 14 2019, 10:42 AM


Group: Member
Posts: 6,187

Strengthens ties with OZL
QUOTE
MEP has suspended drilling to allow for consolidation of data and refinement of the geological model in order to guide the next drill program. During Q3 2019, activities peripheral to geological modelling will include baseline ecological studies, first-pass metallurgical testing and high-level mining optimisations.
In addition, significant additional areas of mineralisation have been defined at Jericho outside of the current drill envelope. These areas have remained relatively sparsely drilled, show good geological continuity with strong copper-gold grades, and are expected to be the subject of future drilling programs.

Summary

The results at Jericho to this point have been highly encouraging, especially as the prospect lies just 6km from the Eloise mine. The MEP-OZL JV is seeking Eloise-style copper-gold and Cannington-style silver-lead-zinc mineralisation, with both styles evident in the well-endowed mineral camp around the Eloise, Altia and Maronan deposits. As a result, the market is paying very close attention to the current Jericho drilling program and has rewarded MEP with a 55% share price increase over recent months.

The broader and enhanced JV relationship between MEP and OZL is also enormously significant, especially with OZL funding all activities on the Jericho project from 1 April 2019. It seems clear that OZL holds very high hopes for the Cloncurry region, which is great news for MEP.

https://www.sharecafe.com.au/2019/09/13/min...th-oz-minerals/
  Forum: By Share Code

nipper
Posted on: Sep 13 2019, 08:50 PM


Group: Member
Posts: 6,187

Sometimes, worth hanging on
QUOTE
Spotlight on Pacific Energy
Pacific Energy (ASX: PEA) is a power station and energy infrastructure-owner within the resources industry. The company owns and operates 40 remote power stations, generating 400MW of low-cost power for its customers, who are predominantly in the gold sector. We initially invested in the business on the expectation that the increase in the gold price would improve PEA’s tender pipeline for new projects.

On 24 July 2019, PEA was approached by the Queensland Investment Corporation (QIC) with an all-cash takeover offer of $0.975 per share, representing a 35.4% premium to the last quoted share price. This week, PEA received a competing takeover offer from Canadian OPTrust and Infrastructure Capital Group at an 11.0% premium to the existing offer from QIC of $0.975 per share
WAM
  Forum: By Share Code

nipper
Posted on: Sep 13 2019, 10:42 AM


Group: Member
Posts: 6,187

QUOTE
Warrego Energy spent Thursday pitching a $10 million equity raising to potential investors.

It is understood Warrego, along with its brokers RBC Capital Markets and Bridge Street Capital, were in the market seeking buyers for new shares at 29¢ each, which was a narrow 1.5¢ a share discount to the last close.
  Forum: By Share Code

nipper
Posted on: Sep 13 2019, 10:09 AM


Group: Member
Posts: 6,187

that's so unfair (!)
- there's a cast of characters, and players. Hughie, Pfizer, Freddie Figment, and many more. All rattling around. And I wonder if he knows ASX is not NZX?
  Forum: By Share Code

nipper
Posted on: Sep 13 2019, 09:20 AM


Group: Member
Posts: 6,187

Fast and nimble, or fast and loose?

The ACCC enquiry has bought Teoh out into the limelight. He'd prefer running TPG away from it.
QUOTE
Hodge persisted. “You don’t need models to make decisions, even the decision to spend $900 million?”

Teoh said there were time pressures surrounding some spectrum deals, particularly the deal to approach the federal government to buy the 700 megahertz spectrum. It wasn’t possible for the board to wait for a formal business case to be drawn up.

“I have the trust of my board. So that is a very important factor,” Teoh told the court. “The board could see the opportunity as well, in mobile. As I told them, the future is mobile.”

This is a crucial point for the case of the ACCC, which is arguing if the merger between TPG and Vodafone is blocked, TPG will have to go back and build a mobile network just to remain competitive in this market.

Hodge’s point is that Teoh was so desperate to get into mobile that he wasn’t worried about business cases or even detailed financial models.

The ACCC is trying to argue that because Teoh knew back in 2017 – and, by implication, still knows today – that without a mobile network, TPG cannot compete in the Australian telco market.

https://www.afr.com/chanticleer/teoh-s-mobi...20190912-p52qla

(Lot of money at stake. Do we end up with just 2 networks, the Telstra gorilla + one other, and see competition slip away?)
  Forum: By Share Code

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