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nipper
Posted on: Today, 08:18 AM


Group: Member
Posts: 8,850

this was written , and a packet of Twisties to whomever can explain it to me:
QUOTE
on page 10 of ANZ’s latest investor presentation, that the bank’s “focused approach ensures a systematic cadence that adds velocity to benefit realisation”.
  Forum: Off Topic Chat

nipper
Posted on: Yesterday, 09:27 PM


Group: Member
Posts: 8,850

ah, yep, that is where I saw it; above ... Hidden Gems

This Free webinar will give viewers the opportunity to hear from, and engage with, a range of ASX listed micro/small cap "hidden gems".

Confirmed company presentations include:
Neometals (ASX: NMT)
Trigg Mining (ASX : TMG)
Rafaella Resources (ASX: RFR)
Ansarada (ASX: AND)

Time: 12.30pm AEST
Day: Friday, 7 May 2021
Duration: ~ 1 hour

Each company will give a 10 min presentation, followed by 5 min of Q&A.
  Forum: By Share Code

nipper
Posted on: Yesterday, 09:22 PM


Group: Member
Posts: 8,850

Trigg Mining Ltd (TMG) is a Perth based exploration company exploring for Sulphate of Potash (SOP) from hypersaline brines in the Salt Lake systems of the Goldfields of Western Australia. Trigg Mining is seeking to explore and develop two prospective SOP projects being the Laverton Links Potash Project and the Lake Throssell Potash Project, which are located in the Goldfields region of Western Australia.


The projects lie near the terminus of extensive palaeovalley catchment areas (ancient river valleys) which extend for over 500km and are underlain by potassium-bearing source rocks (granites, sandstones and salt diapirs). Brine solutions carrying potassium mineralisation have been concentrating in the palaeovalleys and salt lakes (evaporite systems) for millions of years.

Lake Throssell may well prove up to be a large, consistent, high-grade discovery with real potential to become a long-life, low cost primary source of SOP... Exploration Target of 7.5 –27Mt @ 9-10 kg/m3 SOP
• Palaeovalley up to 5km wide and 36km along strike within the central granted tenement
• Drilling to date has identified a surficial aquifer across the lake and an underlying aquifer around 100m deep and up to 5km wide

Maiden Inferred Mineral Resource estimate due in the coming weeks.

BRINE SoP .... LOWEST COST PRODUCTION
• Primary production of SOP, from brine, is the lowest cost source of SOP but there is insufficient resources available to meet global demand of ~7Mtpa.
• The Mannheim Process is required to meet demand. The process heats MOP with sulphuric acid to around 800⁰C, producing hydrochloric acid as a waste product.
• As both methods are needed to meet global demand the Mannheim Process creates an industry price floor well-above the cost of brine sources.


.. on p17 of 30 April 2021 Investor Presentation there is a graph of 6 Australian SoP hopefuls in ascending market cap:
Trigg Mining ...... $10M
Reward Minerals .. $25M
Aust. Potash ...... $90M
Agrimin .......... $110M
Kalium Lakes .... $160M
Salt Lake Potash ... $330M


The company listed on the ASX late 2018. Market cap about $10million; $2.5M in cash at end of 1Q
  Forum: By Share Code

nipper
Posted on: Yesterday, 08:13 PM


Group: Member
Posts: 8,850

and up another 22% today, closing just below the 20c high .... anticipation a-building
  Forum: By Share Code

nipper
Posted on: Yesterday, 08:00 PM


Group: Member
Posts: 8,850

ended very close to its lows, at $3.70.
and so the recriminations come
QUOTE
Morgan Stanley, which was one of the lead managers on the IPO, said on Thursday that it expects market growth expectations to recalibrate lower. Which is a nice way of saying that after paying an extremely rich valuation at the IPO, investors have been caught out baking in growth rates based on a one-off period in global history that Adore itself was uncertain would last, given the very short prospectus forecast period it provided.
extremely rich IPO valuation. .... 181x forward net profit for C21 ....
baking in growth rates .... 47% in the March quarter compared to 85% in the six months to December; numbers imply growth in June quarter will be just 6 per cent. ....
one off period in global history ... in pandemic, when online boomed ....
very short period .... prospectus forecast period only covered the calendar 2020 year, or just three months beyond the float.
  Forum: By Share Code

nipper
Posted on: Yesterday, 03:21 PM


Group: Member
Posts: 8,850

QUOTE
$102ish as I'm typing.

when it will drop below 100 bucks?? that is my target!!
said earlybirds in late March. Not that time, eb, as it ran back up to $130 in the middle of April.

.
Now, as I type, APT is $98.20 having fallen 8 bucks + during the day. (and a low of $96.36 at 2pm)

Not for me, this one.
  Forum: By Share Code

nipper
Posted on: Yesterday, 02:45 PM


Group: Member
Posts: 8,850

IPO today .... was priced at 30c, opened at 29c and now changing hands for 26.5c. No stag.
  Forum: By Share Code

nipper
Posted on: Yesterday, 02:42 PM


Group: Member
Posts: 8,850

Global Lithium Resources Limited (GL1) raised $9million at 20c via an IPO, and listed today. It opened at 30c and, after two and a half hours trading, shares are changing hands at 27c

It is a Pilbara focussed, lithium exploration and development company. The Company owns 100% of the Marble Bar Lithium Project (MBLP), a hard-rock lithium project, located 180km south-east of Port Hedland in the Pilbara region of Western Australia - one of the worlds' major hard-rock lithium provinces. The geological setting of the MBLP is similar to that seen at other nearby hard rock lithium projects.


Global Lithium has defined a maiden Inferred Mineral Resource Estimate of 10.5Mt @ 1.0% Li20 at the Archer deposit, confirming the MBLP as a significant new greenfields Lithium discovery. Located within the established Pilbara province, the MBLP has access to world-class infrastructure, with a sealed road running directly through the Project. In addition to its existing resource which remains open in all directions and demonstrates significant growth potential, the company has identified a large prospective area to explore.

globallithium.com.au
  Forum: By Share Code

nipper
Posted on: Yesterday, 12:37 PM


Group: Member
Posts: 8,850

and, updating the market, growth still there and the company expects sales to rise as much as 47 per cent this year. However, active customers, at 687,000, that is those who have made an order in the last 12 months, appears to have fallen from 777,000 at the end of December as customers started returning to bricks and mortar stores for their beauty fix.


all in all, the analysts are disappointed. Down another 15% to sub $4.00. As trading in ABY shares was only ever above the $6.75 float price on Day One last October, it seems the $635.3 million IPO could equally stand for It's Probably Overvalued.
  Forum: By Share Code

nipper
Posted on: Yesterday, 12:30 PM


Group: Member
Posts: 8,850

and in a trading halt, for an announcement regarding an update on study results for the Company’s Battery Recycling project.

looking positive, in search of an alltime high
  Forum: By Share Code

nipper
Posted on: Yesterday, 11:44 AM


Group: Member
Posts: 8,850

I could post the same, but since March highs both ADN and MEP have retraced and essentially halving from that peak, to levels of last November.

Today, a research announcement has put a bit of gas in the SP of both, which are up about 10%
QUOTE
Minotaur Exploration (MEP) and Andromeda Metals (joint owners of Natural Nanotech Pty Ltd) have signed a $4 million research partnership with the University of Newcastle's Global Innovative Centre for Advanced Nanomaterials (GICAN).

The partnership will advance research into carbon dioxide capture through the use of halloysite nanotubes as novel adsorbent systems and catalysts for CO2 capture and conversion processes.

Further details can be found at: newcastle.edu.au/newsroom/featured/4-million-partnership-carbon

And a 2,300 metre aircore drilling program has commenced at the Great White Deposit, located on the Eyre Peninsula of South Australia.
  Forum: By Share Code

nipper
Posted on: Yesterday, 10:46 AM


Group: Member
Posts: 8,850

... while plasma collections have been difficult during the pandemic, one leading broker believes that the headwinds are easing. According to a recent note out of Citi, it believes that collection volumes will return to 2019 levels during the second half of 2021. This is thanks to the positive progress being made in the United States in respect to vaccine rollouts.

In light of this, Citi believes the recent weakness in the CSL share price has created a buying opportunity for investors. Its analysts have put a buy rating and $310.00 price target on its shares.
  Forum: By Share Code

nipper
Posted on: Yesterday, 10:21 AM


Group: Member
Posts: 8,850

or a pennant forming?
  Forum: By Share Code

nipper
Posted on: Yesterday, 09:13 AM


Group: Member
Posts: 8,850

FYI has entered into an exclusivity agreement with Alcoa Australia Limited to facilitate detailed negotiation of the terms of a possible high purity alumina (HPA) project joint venture, for the future development and commercialisation of FYI’s HPA project.
  Forum: By Share Code

nipper
Posted on: Yesterday, 09:08 AM


Group: Member
Posts: 8,850

QUOTE
Unlike Westpac which is reviewing its NZ presence, the ANZ is not looking at departing that market.

I guess it would be a hard marketing sell to rebrand just as A , so it looks like the status quo should continue.
  Forum: By Share Code

nipper
Posted on: Yesterday, 08:42 AM


Group: Member
Posts: 8,850

NAB has doubled its previous interim dividend after reporting a stronger than expected cash profit during the first half of the year, driven by a rebound in the domestic economy.

NAB reported a first half cash profit of $3.34 billion, beating estimates for a $3.27 billion result. It was 94.8 per cent ahead of its cash profit in the same period a year ago. The bank made a statutory net profit of $3.21 billion.

NAB’s cash return on equity was 11.1 per cent and its common equity tier 1 ratio was 12.37 per cent.

The bank declared an interim dividend of 60¢ a share, doubling its interim dividend from last year.

  Forum: By Share Code

nipper
Posted on: Yesterday, 08:35 AM


Group: Member
Posts: 8,850

QUOTE
In one of his first executive decisions, AMP Australia CEO Scott Hartley has undercut the $840 billion market for platforms and slashed fees by up to 22 per cent.
and all that tells me is ...
a) they were overcharging ....

b) how can AMP have been competitive ...

c) what about the TRINITY. The customer, the employees and the management? All rather lopsided.
  Forum: By Share Code

nipper
Posted on: May 5 2021, 08:02 PM


Group: Member
Posts: 8,850

EP&T Global Ltd (EPT) delivers building energy management solutions that reduce energy and water wastage and improve energy efficiency within commercial real estate. EP&T works with its clients to identify opportunities to optimise building plant operating systems and settings through its proprietary cloud‑based data analytics software platform and data collection tool.

EP&T then works with its clients to assist them to implement these initiatives to reduce a building's energy, water and gas consumption and improve operational performance.

EP&T's Head Office is in Sydney (Australia), and it also has offices in the United Kingdom, Dubai and Hong Kong. EP&T has client sites across 18 countries covering four continents. EP&T has recently commenced engaging with clients under a 'Software as a Service' or SaaS model and is moving to recurring monthly or quarterly fees, thereby reducing upfront costs to clients.

Raising $11 million at 20c a share, not underwritten, the shares in EPT will list next week on the ASX
  Forum: By Share Code

nipper
Posted on: May 5 2021, 07:12 PM


Group: Member
Posts: 8,850

or tomorrow
QUOTE
voluntary suspension is to last until the earlier of the Company making an announcement or the commencement of trading on Thursday, 6 May 2021

but .... but ... the company has got a lot to clear up. I do not like its chances.
  Forum: By Share Code

nipper
Posted on: May 5 2021, 03:05 PM


Group: Member
Posts: 8,850

Wesfarmers had a presentation at a conference today.. update talking about digital strategy and a few surprises.

Bunnings still expanding its footprint and service offering to commercial trades:
• Expanded supply and install product offer for builders
• New trade service desk format and more trailer parking spaces
• Increased PowerPass app functionality and engagement
• Opened new format Adelaide Tools store in Parafield, South Australia (March 2021)
• Agreement to acquire Beaumont Tiles in April 2021 (subject to conditions, including regulatory approval)

There is a lot about online marketing: a focus on leveraging data and digital platforms to develop new revenue streams. Including Catch.
Divisional online penetration has been increasing y.o.y. and ranges from 37% for Officeworks (up from 29%), Target at 16% up from 7%, KMart at 8.7% up from 3.7% while Bunnings, at 3.1% from almost nothing, is the laggard. (But I would kind of expect that for hardware)

And the Mt Holland lithium project, including mine, concentrator on site and refinery at Kwinana: Wesfarmers’ expected share of total project capital expenditure estimated at approximately $950m
• Indicative construction timeline, subject to approvals:
... Project construction to commence: 2H CY21
... First production from refinery: 2H CY24
  Forum: By Share Code

nipper
Posted on: May 5 2021, 01:57 PM


Group: Member
Posts: 8,850

BCA listed today. IPO at 20c, opened at 32c and still sitting above 30c a couple of hours in.
  Forum: By Share Code

nipper
Posted on: May 5 2021, 01:54 PM


Group: Member
Posts: 8,850

The Morrison government allocated more than $100 million to three green hydrogen pilot projects in a bid to kickstart the burgeoning industry.

The three grants , to be announced by Energy Minister Angus Taylor and the Australian Renewable Energy Agency on Wednesday, were awarded to two projects in Western Australia (Engie Renewables Australia and ATCO Australia) and one in Victoria (Australian Gas Networks Limited). All are subsidiaries of foreign owned companies.

French owned Engie’s project ($42.5 million grant) will see renewable hydrogen used to produce ammonia for export in the Pilbara, while Canadian ATCO ($28.7 million grant) and AGN is part of Cheung Kong Group listed in Hong Kong; its project ($28.7 million) and ATCO will use renewable energy to produce hydrogen for gas blending into the existing natural gas pipelines.

.................................


BHP had sought support for a project within its Nickel West division, while Woodside sought funding to back its H2TAS renewable hydrogen venture with Countrywide Renewable Energy, planned for Tasmania’s Bell Bay. Macquarie Corporate Holdings also missed out, as did engineering provider APT Management Solutions.

  Forum: By Share Code

nipper
Posted on: May 5 2021, 01:46 PM


Group: Member
Posts: 8,850

14 April 2020, Alloy AYR consolidated its shares 1 for 10

then went on to raise $1million from sophisticates

On August 19th, 2020, Alloy Resources Limited (AYR) changed its name and ASX code to Strickland Metals Limited (STK).

Strickland Metals Limited (STK) formerly Alloy Resources Limited, is an exploration company with projects in Australia. STK currently owns the Horse Well Project, Bryah Basin Project, Doolgunna Project, Paterson Project - Gold/copper project and Morgan Range Project.


trying to raise a further $5.0M in a rights issue at present (extended and supplementary document)

  Forum: By Share Code

nipper
Posted on: May 5 2021, 01:00 PM


Group: Member
Posts: 8,850

ACL has been owned by mid-market Australian PE firm Crescent Capital, which bought Healthscope's pathology business for $105 million to create the company in 2015.

Crescent would own 34.6 per cent of the company on listing, while its co-investors (Bank of America and Goldman Sachs) would have another 9.8 per cent. Crescent’s Michael Alscher was listed as the company’s non-executive chairman.

Coming on at 15 times PE.


  Forum: By Share Code

nipper
Posted on: May 5 2021, 12:43 PM


Group: Member
Posts: 8,850

Australian Clinical Labs Ltd (ACL) is a leading private provider of pathology services in Australia. ACL annually collects, analyses and reports on 8.3 million episodes via its national network of 995 collection centres, 30 clinics and 86 accredited laboratories.

ACL is one of the largest private pathology providers to hospitals nationally, servicing over 90 private and public hospitals. In its four established regions of Western Australia, Victoria, South Australia and the Northern Territory, ACL has an equivalent market position in community pathology to Sonic Healthcare and Healius. ACL also has a growing presence in New South Wales and the Australian Capital Territory and has recently expanded into Queensland.

ACL had pro forma revenues of $595.1 million and pro forma EBITDA of $178.6 million for the 12 months to 31 December 2020.


After raising $408million, fully underwritten by Merrill Lynch Equities (Australia) Limited and Goldman Sachs Australia Pty Ltd (Joint Lead Manager) via a PDS at $4.00 a share, ACL will list on the ASX on 12 May 2021
  Forum: By Share Code

nipper
Posted on: May 5 2021, 11:51 AM


Group: Member
Posts: 8,850

On October 15th, 2019, Alchemia Limited (ACL) changed its name and ASX code to Australian Primary Hemp Limited (APH).

Australian Primary Hemp Limited (APH) is a producer, manufacturer and distributor of premium plan-based and wellness products. The Group operates in Australia and engages across the hemp value chain, encompassing hemp seed selection, farming, processing, packaging as well as distribution and sale of bulk and retail products.

Market cap about $50million
  Forum: By Share Code

nipper
Posted on: May 5 2021, 10:19 AM


Group: Member
Posts: 8,850

ikeGPS Group Limited (IKE) operates in designing, marketing and sale of integrated GPS data capture devices, related software and consulting solutions. The Group's selling activities were organized into two segments namely Utility & Communications and New Business through which they sell two products namely IKE 4 and Spike.

QUOTE
IKE seeks to be the standard for collecting, analysing and managing pole and overhead asset information for electric utilities, communications companies, and their engineering service providers.

Has been around for a few years, originally NZ listed in 2014 and in Aust a few years after that. Current market cap about $115M. Increasing revenues each year but still in the negative for earnings.
  Forum: By Share Code

nipper
Posted on: May 5 2021, 08:31 AM


Group: Member
Posts: 8,850

ANZ has reported a 126 per cent increase in cash profit to $2.9 billion and lifted up the dividend to 70¢ a share on the back of recovery in business activity and a resurgent property market.

The improving economic outlook has allowed the bank to release a net $491 million in credit provisions underpinning the result and supporting the dividend.

Improvements in the bank’s systems and processes have seen it take the mantle of the third largest home lender over the half.

  Forum: By Share Code

nipper
Posted on: May 5 2021, 08:16 AM


Group: Member
Posts: 8,850

QUOTE
seems rates gonna rise sooner than people thinks!!
the $64,000 question
  Forum: Investment Discussion

nipper
Posted on: May 4 2021, 03:47 PM


Group: Member
Posts: 8,850

and still in operation ... MC around $5M and had a 40% jump on very low volume today, one day after the Quarterly came out.
Korab Resources Ltd (KOR) is a diversified international mining and exploration company listed on Australian Securities Exchange with magnesium carbonate, phosphate, and silver/gold development projects in Australia and overseas. Korab also explores for cobalt, copper, nickel, gold, zinc and lithium in the Northern Territory and Western Australia.
The company is cash flow positive, as it goes about continued exploration and evaluation of its mineral assets, as well as the progression of the Winchester magnesium carbonate deposit to production. Things are happening slowly as last updates on Winchester were in 2018 and 2019

QUOTE
Korab Group plans to develop the Winchester project as a quarry with the intention to produce raw magnesium carbonate rock which will then be crushed, screened, and sorted on site prior to transfer to Darwin Port at East Arm, which is located approximately 90km by road from the project. The Company intends for a part of the output from the quarry to be sold as an unprocessed magnesium carbonate and a part of the output to be sent for processing offsite into magnesium oxide.....
In the Q. : Korab Group has received an unsolicited approach from an Australian proprietary company which expressed an interest [in the] Winchester project. The other party advised Korab Group that their interest in the project stems from the high quality of the deposit and its potential to serve as a source of the raw material (magnesium carbonate) for the production of magnesium metal. The parties are currently discussing various potential transactions, including a potential sale of a part, or the whole of the Winchester project. The discussions with the other party are ongoing but are incomplete and confidential.
  Forum: By Share Code

nipper
Posted on: May 4 2021, 03:08 PM


Group: Member
Posts: 8,850

and now, with SP lifting to 18c, the Market Cap is closer to $135M

Current drilling underway is focussed on high grade Hanging wall zone
• >1,230m strike defined by IP chargeability anomaly
• Multiple high grade significant drilling intercepts from within the Hanging wall Zone include:
• 1m at 2,035g/t Au from 362m
• 5.3m at 81.4g/t Au from 110m
• 3.3m at 57.4g/t Au from 207.4m
• 1.7m at 90.3g/t Au from 209m

Re-processing of 2D IP survey data across entire Project underway to assist with regional drill targeting
• IP is utilised as a direct targeting method which resulted in the initial discovery and subsequent further drilling success at Edleston

3D IP survey to commence in coming weeks
• Previous 2D IP surveys only tested effectively to depths of up to 100m, planned 3D IP survey extends depth resolution to ~500m below surface

Second diamond drill rig to be mobilised in coming days to expand overall drilling program
• Only ~1km of a total of 10km total prospective strike tested to date
  Forum: By Share Code

nipper
Posted on: May 4 2021, 02:39 PM


Group: Member
Posts: 8,850

after a 4 week period when WKT went from 15c to 36c, now leveled out at 32c, the company is now in a Trading Halt finalising a Capital Raise. This follows

QUOTE
the Company’s focus for debt funding shift[ing] at the end of the quarter from Pan African Development Bank, Afreximbank, to Tanzanian based CRDB Bank. Subsequent to the close of the quarter, CRDB approved the debt facility of US$20m for the construction of the Lindi Jumbo Graphite Project. (see ASX announcement 13 April 2021)


The Company is now working through the process of executing the requisite security documentation and meeting conditions precedent in order to achieve first drawdown of project funds.

  Forum: By Share Code

nipper
Posted on: May 4 2021, 12:59 PM


Group: Member
Posts: 8,850

One of the two diamond core holes drilled at the Boda Prospect has intersected high grade copper-gold mineralisation, extending by 100m the high-grade breccia identified by previous holes.
Plus more mineralisation, but on lesser intervals, in 4 further holes. All up, the results are looking very promising and indicate a sizeable deposit. Drilling continues at Boda and Boda Two, testing extensions and adding definition to the identified mineralised systems.
All up, not quite a new Cadia, but time will tell as the porphyry is defined further.



up 20% yesterday but not holding today
  Forum: By Share Code

nipper
Posted on: May 4 2021, 12:22 PM


Group: Member
Posts: 8,850

now up and trading... latest was 30c


And in April, PGD has acquired a 70% interest in Exploration Licence, E45/2763, from a private outfit LMTD WITS P/L, which is prospective for gold and base metal mineralisation in the Pilbara region of Western Australia. The tenement known as Stoney Creek, is approximately 35km east of Calidus Resources (ASX: CAI) Warrawoona Gold Project.
  Forum: By Share Code

nipper
Posted on: May 4 2021, 12:15 PM


Group: Member
Posts: 8,850

Odyssey Gold has intersected significant visible gold in its maiden diamond drill hole targeting the eastern extension of the Bottle Dump Mine.


The gold was Intersected at 249m downhole (215m vertical depth) and is further confirmation of significant gold mineralisation at the prospect. Step-out RC drill holes have also returned high grade gold intercepts.


ODY share price surging this morning, currently up more than 60% to 11.5c on volume of 65 million shares.
  Forum: By Share Code

nipper
Posted on: May 4 2021, 12:10 PM


Group: Member
Posts: 8,850

was Odyssey Energy ...



Dec 2020 .... change of name to Odyssey Gold Ltd (ODY)
Nov 2020 ... offer of 125,000,000 shares at an issue price of $0.025 each to raise $3,125,000.
Dec 2020 ... made a capital return of 1 cents per share
Dec 2020 ... made an in specie distribution of shares in Peregrine Gold Limited (PGD)
QUOTE
the company's subsidiary, Peregrine Gold Limited, has entered into an agreement to acquire a 100% interest in Pilbara Gold Exploration, which owns a suite of gold prospective tenements in the Pilbara region of Western Australia.
  Forum: By Share Code

nipper
Posted on: May 4 2021, 10:20 AM


Group: Member
Posts: 8,850

According to Westpac’s shareholder update on Monday, there were $49.6 billion in funds on Panorama’s platform at the end of March, with 115,369 investors and 3535 active advisers. Panorama’s customers increased significantly in the period, as Westpac started moving its BT Wrap clients on to the platform. That transition is due to be completed by the end of June.

the Panorama platform was the bee's knees, in that it allowed for multiple asset classes. BT spent a lot of time and getting it right. But I fear the treatment of clients if it moves to new ownership .... the tendency to gouge fees, clip tickets, etc is never ending. Sadly, client money, and most of it is either in SMSF or other Super products or other longer term investment vehicles, is treated as a pot of gold, there for constantly shaving a bit off (nobody will ever notice). What is likely to happen, if Panorama is bought by a global private equity investor or Australian financial institution seeking to beef up their own operations is that sensible money will migrate to another platform..
  Forum: By Share Code

nipper
Posted on: May 4 2021, 10:01 AM


Group: Member
Posts: 8,850

QUOTE
It is understood the Wilson Asset Management team has spent the past week or two marketing WAR, or WAM Strategic Value, to existing clients and financial planning groups, to make sure the cash rolls in when the offer opens later this month.

The $225 million IPO was slated to be priced at $1.25 a share, according to a presentation given to potential investors, with the first $125 million reserved for existing WAM investors (dubbed the Wilson Asset Management Family).

Firm founder Wilson will personally manage the WAR portfolio and target anything trading at a discount to its underlying asset values. His primary focus will be on other listed investment company and listed investment trusts, the presentation said.

Of course WAM's no stranger to LIC and LITs. The firm already has 18 positions worth $147.7 million and trading at an average 14.3 per cent discount to their asset backing, the presentation said. It would make sense if some or all of those ended up inside WAR, given its strategic objectives.

Those positions include shares in the likes of high-profile LICs run by L1 Capital and VGI Partners, where WAM is already a shareholder, as well as smaller offerings from the likes of Naos Asset Management, Antipodes Partners, Spheria Asset Management and Thorney.

Taylor Collison and Morgans are named as joint lead managers to WAR's IPO.

terrible ticker, WSV would work better.
  Forum: By Share Code

nipper
Posted on: May 3 2021, 06:57 PM


Group: Member
Posts: 8,850

On 31 January, 2018, Citation Resources Limited (CTR) changed its name and ASX code to Pearl Global Limited Limited (PG1).


Pearl Global Limited (PG1), is is a clean conversion technology company that applies unique, thermal desorption technology to convert end of life tyres into valuable secondary products being fuel oil, steel, carbon char and energy.

Since listing, the shareprice has dropped from 30c to 6c. Market cap is around $20M
QUOTE
The company says it is serving a large addressable market, with 1.6 billion tyres discarded globally every year, of which Australia makes up 56 million. Pearl says it has processed over 1 million tyres to date at its Stapylton facility.
Revenues for the FY21 half show a 40 per cent increase to $1.5 million, for a net loss of $4.1 million.
  Forum: By Share Code

nipper
Posted on: May 3 2021, 06:47 PM


Group: Member
Posts: 8,850

on this date 30 Jun 2017 the company consolidated its shares 7 for 199.


22 Aug 2017: undertaking a capital raising via public offer of 25 million shares at an issue price of $0.20 per share to raise $5 million. The prospectus is also issued for the purposes of re-complying with the admission requirements under chapters 1 and 2 of the listing rules following a change in the nature of the company's activities.

30 Jan 2018: name changed to Pearl Global Limited (code PG1)
  Forum: By Share Code

nipper
Posted on: May 3 2021, 03:11 PM


Group: Member
Posts: 8,850

and back under $4.00 today. There is quite a searing article on Nuix in the AFR today, along the lines of
QUOTE
[t]he Nuix honeymoon is over and investors are now wondering whether they are the victims of a well-orchestrated heist or a bumbling transition to public life.

Nuix, an intelligence analytics and data firm, was exactly what the Australian share market wanted ... a global software company that was a leader in a growing and critical field.

After a strong 60+% stag at IPO time and trading as high as $11.90 (IPO was at $5.31) the reason for the miss, Nuix said, was due to a delay in sign ups and renewals. Not to worry. It had "strong visibility" it would make up for the delay via a strong second half and still deliver the full-year target of $194 million of revenue, or $200 million via its preferred annualised contract value metric.
Then on 21 April it confessed it would not make prospectus forecasts. Post the IPO, there is universal agreement that Nuix's accounting has been on the far end of the aggressive scale.

QUOTE
When Nuix signs up a client on a multi-year contract, it books at least 80 per cent of it up-front. These large contracts have tended to account for about 15 per cent of its annual revenues, but in 2020 that shot up to 23 per cent, and was forecast to drop back down to 15 per cent.Interestingly, the share of multiyear deals ran ahead of prospectus forecasts in the first half, at 23 per cent. Nuix said this was a result of more corporate clients requiring a mix of its subscription, consumption and software-as-a-service offerings.

Nuix also changed its revenue recognition policies in mid-2020, just as it prepared to float.

Under the new measure, it accounted for less of its revenues from multi-year contracts up front as licensing fees and more as recurring service and maintenance. That led revenues to be restated, lowering previous years, but also led to a sharp increase in deferred revenues. The new policy also allowed Nuix to show a better match between revenues and cash receipts.

A dig into the accounts also showed that once adjustments are made for its acquisition of Ringtail in 2018, Nuix's revenue growth was fairly modest at around 10 per cent.
..
QUOTE
The challenge now for investors is to know what base revenue they should work off to determine how well the company has tracked, and is likely to track.

When Nuix flagged it would miss its full year revenue guidance in April, they did give it a positive spin. The reason was a higher-than-expected number of clients were transitioning to a consumption model from an up-front 'all you can eat agreement'.

The consequence was that the large up-front contracts would be replaced by steadier more reliable streams. Those in aggregate were higher margin and therefore more valuable, even if the transition would be a little painful.
Then there is the capitalisation of research and development, which is high among ASX companies. Nuix capitalises, rather than expenses, about 84 per cent of R&D which it amortises over 10 years.

This treatment may boost earnings but it manifests itself in the negligible free cash flow. The low free cash flow, according to one fund manager that ran the ruler over Nuix, can be tolerated for a fast growing organic business that is investing for growth. But for a mature company with sub 10 per cent revenue growth, "it's a red flag".
  Forum: By Share Code

nipper
Posted on: May 3 2021, 01:24 PM


Group: Member
Posts: 8,850

now 11c, up 86%...


As there are 25 assays to go, the enthusiasm may be justified
  Forum: By Share Code

nipper
Posted on: May 3 2021, 01:15 PM


Group: Member
Posts: 8,850

Funding commitments & strategic partner see new banking business launch ready

Novatti has secured a strategic partnership with BC Investment Group Holdings Limited that will enable it to launch and operate its new banking business, once regulatory approval is obtained.
QUOTE
BC Invest operates in seven countries, including Australia, the United Kingdom, Singapore, and China and is a majority-owned subsidiary of Far East Consortium International Limited, a HKD$6.5b plus conglomerate listed on the Hong Kong stock exchange. It is a leading international financial services provider specialising in lending and asset management. In particular, it has strong in-market lending operations, with more than AUD$1.1b of mortgage loans and over 3,800 customers, with a strong focus on growing its Australian business.

6.5B HKD is less than US$1B

Seeding capital of $15M to get things rolling, from sophs, plus BC $2M and NOV $3M
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nipper
Posted on: May 3 2021, 12:12 PM


Group: Member
Posts: 8,850

Covid; what was that?
It was interesting that WBC deferred its first-half dividend in 2020 before electing not to pay one, when the 3Q came around.
58¢ per share for the reinstated dividend is paying out 60 per cent of its profits.
QUOTE
Westpac CEO Peter King said it was a promising start to the year with the result driven by a significant write back of provisions for bad debts, as the economy snapped back from the virus crisis.

  Forum: By Share Code

nipper
Posted on: May 3 2021, 10:34 AM


Group: Member
Posts: 8,850

first results of DD out .... trading up 40%
All 30 RC drillholes intercepted visible Cu mineralisation/alteration, with the first 5 drillholes assay results returned confirming a High-Grade Copper Discovery at the Wyacca prospect.
Large Scale Potential
• Sediment-hosted copper mineralised blanket intercepted over > 900m of strike - open down dip and along strike.
• Historical IP data indicates the target unit strikes for at least 1.7km.
• The mineralised blanket outcrops and is shallow dipping at 350 to the NE.
• Sulphide mineralisation is chalcopyrite dominant with accessory bornite in the primary zone, and accessory chalcocite and malachite in the upper supergene zone.
• Follow-up RC Drilling and geophysics (IP and EM) is currently being planned.
  Forum: By Share Code

nipper
Posted on: May 3 2021, 08:10 AM


Group: Member
Posts: 8,850

Truck driver who left school at 14 hits top gear with $148m listing


Murray Leahy left school at 14, did an apprenticeship as a boilermaker and then started driving trucks. It is a road that has taken him all the way to listing his company, MLG Oz Limited, on the ASX on Tuesday with a market capitalisation of close to $150 million.
The 46-year-old will retain a half share and stay on to run the show at the company he founded, and up until now has owned outright, that boasts a client list including BHP, Fortescue Metals Group, Newmont, Northern Star, and a host of other gold, copper and nickel producers.

West Australian-based MLG has a fleet of 110 trucks at a good time to own trucks and have the people to drive them. It is also a good time to be based in the gold mining mecca of Kalgoorlie.....

MLG is a big trucking company that trains and retains a lot of drivers, but it is not just a trucking company. Nor is it a variation on the diversified mining services and mine ownership model that has proved so successful for Mr Ellison, who left school at 15, although there are some similarities.MLG is a unique business that provides the wheels in terms of the bulk materials and machines that make mines work and allows them to get ore and exports where they need to go.

It supplies bulk materials; sand, aggregate, cement, lime , from a string of company-owned quarries. It does site and civil works, ore crushing and screening, produces road base and concrete aggregate.

And, with a total fleet of 925 heavy vehicles and support equipment, MLG does a lot of haulage on mine sites and off as well as providing import and export logistics.

Mr Leahy saw the road ahead to the diversified business while behind the wheel of a truck. Like a lot of farmers, the Leahy family had run trucks as a side business but were drawn to Kalgoorlie by the opportunities in haulage and a rising gold price. Mr Leahy went his own way after leaving school but was tempted back to the family business by father Tim after it won a haulage contract with the Western Mining nickel business, now under the umbrella of BHP as Nickel West.
QUOTE
We quickly worked out that while we were good mates, we couldn't work together, Mr Leahy recalls.

Dad grabbed me in the yard one day and said 'You are either buying out this side of the business or you are leaving. You make up your mind'.

I trotted off at 25 to NAB in Kalgoorlie and begged for $850,000 and fortunately they were accommodating enough to put plenty of mortgages around my neck and lent me the money and that was where MLG was born.

I'd always had the desire to work for myself but my dad forced my hand to a degree. My dad is 6′4 [1.93 metres tall] and of strong Irish Catholic descent and diplomacy was never his strong point.

I am forever grateful that he taught me really strong fundamentals from the get-go. There was nothing for nothing, you needed to plan, protect, assess risk. It was really his way of ensuring I was geared to be able to run a business.
MLG now employs about 650 people plus 80 contractors. The first 17 people Mr Leahy hired after founding the business in late 2001 are still on board and all of them took part in the IPO that raised $70 million in a canter at an offer price of $1 a share.

Mr Leahy, who took $20 million off the table through the IPO, will retain 50.1 per cent of the stock when MLG lists with a market capitalisation of $145.7 million. His father will also have a stake.

MLG has forecast pro forma earnings before interest, taxes, depreciation, and amortisation of $41 million for 2020-21 and revenue of $241 million.

The lion's share of revenue, 82 per cent, comes from the gold sector, 14 per cent from iron ore with MLG doing ore crushing at Fortescue's Christmas Creek mine since 2013 and the rest from base metals.

A lightbulb moment came for Mr Leahy when he realised miners were employing four or five different contractors to perform tasks that MLG could perform as a diversified business.

Big miners now on its client list had construction materials businesses supplying aggregate and sand, crushing contractors doing the crushing, haulage contractors doing the haulage, civil contractors doing civil work on site and specialist contractors doing road construction and maintenance.

QUOTE
Through the early 2000s when I was sitting behind the steering wheel of a truck, I started looking at what opportunities sat out there to be able to value add, he said.We first identified there was a huge hole in the market for the supply of construction materials to the mining industry.


Through a period in the 2000s as mining houses shed ground during an industry downturn, MLG picked up hard rock quarry and sand deposits in strategic locations throughout WA and into the Northern Territory. It started supplying miners from much closer to home than big players operating centralised quarries and carting material long distances.

Mr Leahy soon realised his trucks, crushers and other machinery together with the skills of the MLG workforces could be put to use in plenty of other ways.

The big breakthrough came when he convinced gold giant Barrick that MLG could do it all at the Lawlers mine in WA.

QUOTE
They had five different providers on site and we said we can do the whole lot.
They were cautiously inquisitive and I said guys if this doesn't work, I'll do it for free.
That was the supercharger that validated the business model and since then it has just been a matter of growing as equity has allowed.



Mr Leahy sees the trend to mining more ore and running ever bigger processing mills to drive down costs in the WA gold industry as working in MLG's favour in the future.The good part about that is unless you build rail, and no gold company will because the volume and mine life is not there to justify it, the only way to deal with the logistics and movement of the material is via road train," he said.

That is where we see a large portion of our opportunity coming in the not-too-distant future. It is this shift to bigger mines with bigger mining fleets with bigger processing facilities and more volume. There's more ore coming in, more ore to be crushed, more tailings to be looked after, more roads to be maintained.
  Forum: By Share Code

nipper
Posted on: May 3 2021, 07:58 AM


Group: Member
Posts: 8,850

MLG OZ Ltd (MLG) is the holding Company of the MLG Group, which provides a range of general services to mine sites. MLG's offering includes crusher feed, road maintenance, rehabilitation work, vehicle maintenance, machine and labour hire and mine site haulage. MLG's site service offering has expanded over time to incorporate further services that are considered non-core to the client but are nevertheless essential to the day-to-day activity of the mine.

MLG currently operates across 29 sites throughout Western Australia and the Northern Territory for a diversified client base of domestic and international mining companies, which are exposed to a range of commodities.

MLG is headquartered in Kalgoorlie, Western Australia and, as at 31 December 2020, MLG had 569 full-time employees, 35 labour hire employees and 52 subcontractors.

QUOTE
The Company's continued pursuit of new clients and expansion of its service offering has resulted in consistent historical growth with:
  • ... pro forma historical revenue growing from $132.7 million in FY18 to $205.1 million in FY20 (a CAGR of 24.3% over that period), and forecast to grow to $241.6 million in FY21;
  • ... pro forma historical EBITDA growing from $15.6 million in FY18 to $24.5 million in FY20 (a CAGR of 25.3% over that period), and forecast to grow to $41.0 million in FY21.
It is anticipated MLG will list on the ASX this week. The issue, fully underwritten, by Bell Potter Securities Limited and Morgans Corporate Limited as Joint Lead Managers and Underwriters, will raise $70Million, at $1.00 a share


  Forum: By Share Code

nipper
Posted on: May 2 2021, 09:57 PM


Group: Member
Posts: 8,850

A review of last results here;

https://www.sharecafe.com.au/2021/04/21/amp...el-consumption/
  Forum: By Share Code

nipper
Posted on: May 2 2021, 09:07 PM


Group: Member
Posts: 8,850

and then, of course, this is hnging over FCT, with an agreement between them and Cisco with 2 years to go:
  • ... OEM Agreement signed in July 2018 for initial term of five years with option to renew
  • ... Discussions underway to evolve the relationship to enable FCT to engage directly with Cisco customers, partners and account teams
  • ... Both parties frustrated by revenue growth rate to date
  • ... FCT responsible for engineering and development, Cisco responsible for business development, sales, marketing and revenue turn on
  • ... If discussions conclude in line with current indications, FirstWave expects an improvement on the current situation
  Forum: By Share Code

nipper
Posted on: May 2 2021, 08:35 PM


Group: Member
Posts: 8,850

Galan Lithium Limited (GLN), formerly Dempsey Minerals Limited, is an Australian mineral exploration, acquisition and evaluation company which is exploring for lithium brines within South America's Lithium Triangle on the Hombre Muerto salar in Argentina.


On 15 August, 2018, Dempsey Minerals Limited (DMI) changed its name and ASX code to Galan Lithium Limited (GLN).

Did not really do too much for the first couple of years, the occasional peak and retreat on news... then in Nov 2020, a few steps up .... from 12.5c to where it is now, six months later, at 81c.


What is driving it? Raised $3M in Oct 2020, completes acquisitions at the Hombre Muerto West Argentinian salars.

An announcement on 13 January that reported exceptional lithium assay results from recent sampling performed at its Pata Pila tenement. A follow-up announcement on 15 January reported further outstanding lithium assay results from its Rana de Sal tenement. These results confirm previous significant intercepts in drill data of high grade/low impurity lithium bearing brines from the Western Tenement project areas.


Then in Jan 2021, acquires 80% in Greenbushes South in WA (hard rock spodumene) for which it raises a further $10Million.
Early days, a foot in each corner!
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nipper
Posted on: May 2 2021, 08:14 PM


Group: Member
Posts: 8,850

On 15 August, 2018, Dempsey Minerals Limited (DMI) changed its name and ASX code to Galan Lithium Limited (GLN).
  Forum: By Share Code

nipper
Posted on: May 2 2021, 08:11 PM


Group: Member
Posts: 8,850

Another one bites the dust ...... Gleneagles Gold (GLN) consolidated shares at 1 for 5, and in Oct 2016 capital raising from new investors at 2.5 cents per share raising the full $4,000,000, for the acquisition of Zelda Therapeutics Pty Ltd..... which became Zelira Therapeutics in 2019 (ZLD)
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nipper
Posted on: May 2 2021, 03:25 PM


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Posts: 8,850

As a "cloud software platform enabling businesses to easily backup, recover and protect their important business information ..... Dropsuite's products include website and database backup, email backup and archiving, Microsoft Office 365, Google Workplace and Reseller Provisioning Platform."

QUOTE
  • 90% of sophisticated cyber-attacks start through email
  • 62% of breaches and data loss occur through human error
  Forum: By Share Code

nipper
Posted on: May 2 2021, 11:22 AM


Group: Member
Posts: 8,850

the voluntary suspension is to last until the earlier of the Company making an announcement or the commencement of trading on Tuesday, 04 May 2021;

that should clear that up.
.


\\\But is there good news coming? Very much the opposite, if recent Announcements mean anything
QUOTE
The Company refers to the ASX announcement dated 26 March 2021 titled "LIFX Replenishes Amazon, Best Buy; Fuels Record-Breaking March" and wishes to advise that as Buddy's financial team was closing the books on the Q3FY21 financials (January - March 2021), a reporting error in respect to the Company's internal management reports and accounts for the Company's March sales was identified. This error meant that the Company's management accounts for March had incorrectly included intercompany accounts (internal transfers between subsidiaries) and, as a result, the revenue figures for the month of March that were reported to both the Audit & Risk Committee and the Board of Directors were inflated.

Accordingly, the Company formally retracts the following statements in the March Announcement, which were made on the basis of the incorrect management accounts:

1. "March is on track to be the Company's highest revenue month ever, revenue expected to be more than double 2020's best month and expected to be substantially EBITDA positive";
2. "March 2021 is expected to be the highest revenue month ever for LIFX";
3. "March revenues are expected to exceed the combined holiday revenue for November and December 2020"; and
4. "Accordingly, March is also expected to deliver the highest monthly (positive) EBITDA in the Company's history", as these statements were based on the erroneous information detailed above and these milestones were ultimately not achieved.

The Company advises that customer revenue for the March 2021 quarter was A$5.0 million.
and furthermore
QUOTE
The Company refers to the ASX announcement dated 9 February 2021 titled "Buddy Announces H2 FY 2021 Revenue + Earnings Guidance" and wishes to provide the following updates:

1. whilst the Company was in trading halt last week, the Company's supply and operations team was notified by the Company's manufacturers in China that an entire production run's allocation of a critical semiconductor component for the Company's smart lights (which was being held on behalf of Buddy by the supplier), had been sold to a third party without the Company's knowledge - this component, an LED driver chip, is found in every one of the LIFX products and is currently in significantly high demand across the manufacturing landscape ranging from consumer electronics to automotive; and

2. the Company understands that the present situation is unprecedented, and as a result, without that required LED driver chip component, the Company's manufacturing activities have ceased until further notice
.

together, there is a fair bit of material uncertainty around.
  Forum: By Share Code

nipper
Posted on: May 1 2021, 08:26 PM


Group: Member
Posts: 8,850

Dubber produces cloud based call recording software designed for service providers and businesses. Its technology can capture calls and conversations automatically, storing them in the Dubber Voice Intelligence Cloud with enriched artificial intelligence (AI) capabilities to allow for instant replays, insightful transcription, sentiment analysis, alerts and notifications.

key metrics have experienced substantial growth: Annualised recurring revenue increased 20% quarter on quarter to $34 million, or 158% on the prior corresponding period. Similarly, revenue increased 54% to $6.6 million from a quarterly perspective and 152% compared to a year ago.

Dubber's strong growth was driven by a record rate of new users joining, with a 155% yoy increase to more than 380,000 subscribers. The company expects user growth to continue to increase significantly in the current quarter with the introduction of its Foundation Partner Program.

Several of the DUB's existing service provider partners will deploy the Dubber platform as a standard feature across their network base. This will provide Dubber with a large-scale customer reach into end-user accounts for jointly up-selling additional services.

During the quarter, the Dubber platform went live with three AT&T networks that target large enterprise, government, education, and business clients. The company is seeing a positive uptake in its software-as-a-service (SaaS) monthly subscription users and services.

Dubber's unified call recording (UCR) feature has continued to make headway with previous partnership/integration with Microsoft Teams and Cisco's Webex, and availability on Zoom. This allows for secure compliance and voice intelligence call recording for the respective meeting rooms.

Dubber believes it will be a significant beneficiary of telecommunication services increasingly moving to a cloud environment.

CEO Steve McGovern commented on the company's results, saying:
QUOTE
We are delighted to have delivered such a strong quarter, achieving outstanding growth in all of our key metrics. The company is very well positioned to continue to take advantage of the major shift towards cloud based and 'work from anywhere' communications we are seeing in all our geographies.
Governments and businesses understand the need to act on the requirement to capture conversations and voice data across their entire business.
Ever expanding requirements to record and store conversations for proactive compliance and dispute resolution, and, revenue, customer and personnel intelligence all continue to drive the need for voice data and intelligence at scale. We remain very positive as to Dubber's growth and leadership.
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nipper
Posted on: May 1 2021, 12:00 PM


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Posts: 8,850

Life360 Inc (360) listed on the ASX in April 2019. Life360 is based in San Francisco and had more than 26 million monthly active users (MAU) as at December 2020, located in more than 195 countries.

The company operates a platform for today's busy families, bringing them closer together by helping them better know, communicate with and protect the people they care about. The Company's core offering, the Life360 mobile app, is a market leading app for families, with features that range from communications to driving safety and location sharing.


....x....xx.....x.xx.x.x...

In its first proposed acquisition since listing on the ASX in 2019, family tracking company Life360 is mulling a buyout of wearable location device maker Jiobit. Life360 founder and chief executive Chris Hulls said Life360 and Jiobit found that they had both customers and management vision in common.

QUOTE
Jiobit and Life360 are all about family safety and giving families peace of mind to get through the day. Our approach started with tracking teens through their smartphones, Jiobit started with wearables for younger kids, but if you look at where we were both going over a long term trajectory, we have the same North Star," Mr Hulls said.

Jiobit co-founder and chief executive John Renaldi said he was inspired by social exercise company Peloton's approach of combining a one-off purchase of a physical product (the bike) with an ongoing membership (live-streamed fitness classes).
  Forum: By Share Code

nipper
Posted on: May 1 2021, 10:30 AM


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Posts: 8,850

I found this article, by a Platinum analyst, to be quite informative.


Automakers: Driving Over a Cliff?


https://www.sharecafe.com.au/2021/04/30/aut...g-over-a-cliff/
QUOTE
The automotive industry is at a tipping point. Hundreds of billions of dollars are now in the process of being permanently redirected towards electric vehicles. This disruption means a large part of the existing US$3 trillion automotive market is in play, with incumbents, entrepreneurs and governments all scrambling for share. The hyper valuation of new entrants and historically low valuations of incumbents points to the market's assessment of the winners and losers. We're less sure....

It is argued from the point of view of where the manager will put their investment dollars; and the implied conclusion, especially when looking at current valuations, is the incumbents should not be written off.
QUOTE
The prize for whoever can crack the EV market and its various sub-segments (manufacturing, components, infrastructure, software, batteries) is massive. The sheer scale of the industry, means even taking a small share of the pie could be incredibly profitable. The pie gets even bigger if we also try to estimate the potential value of the autonomous driving economy.

Some very interesting points are raised about Tesla/ Musk: The secret ingredient to Tesla's success, however, is likely its high vertical integration, which is unique in the auto world. The company designs its own battery cells, computer chips and software. It also manufactures a high proportion of its value-added parts (including battery packs, motors), assembles its own vehicles, sells directly to consumers and runs its own charging network. This vertical integration was necessitated by holes in the nascent electric vehicle ecosystem at the time, and means the business is closer to its customers, can run on lower costs (by shaving supplier margins) and innovate quickly. However, the downside of this model is that it ties up significant capital and leaves the business chronically reliant on growth, which can be dangerous in a cyclical and competitive industry.

  Forum: Investment Discussion

nipper
Posted on: May 1 2021, 09:25 AM


Group: Member
Posts: 8,850

Japara Healthcare on Friday said it had received a $1.04-a-share offer from not-for-profit Calvary Health Care to acquire all the shares of the owner, operator and developer of aged care homes under a scheme of arrangement.

Japara was considering the bid in the context of what it said were "expected improvements in trading conditions", along with the federal budget on May 11 as well as the government's final regulatory response to the royal commission into aged care quality and safety also expected in May.

Calvary, as a not for profit operator, at least has material advantages over potential for profit rivals, such as not being subject to payroll tax. Japara had 6064 staff on December 31.
The outcome of any tussle for Japara is unclear, but it could lead to a split of the company's operations from its real estate.
  Forum: By Share Code

nipper
Posted on: Apr 30 2021, 06:13 PM


Group: Member
Posts: 8,850

Are you sure its this one, eb ?
LHC was delisted from the close of trading on Monday, 28 May 2018 pursuant to Listing rule 17.11.
QUOTE
Pacific Health Supplies BidCo was successful with an offer of A$3.495 cash for each LifeHealthcare share - a Special Dividend of A$0.18 cash per share was also paid on or about 25 May 2018

  Forum: By Share Code

nipper
Posted on: Apr 30 2021, 04:46 PM


Group: Member
Posts: 8,850

QUOTE
Mental health and private rehabilitation provider Aurora Healthcare has put a $400 million initial public offering to a small group of institutional investors, and is calling for bids on Friday.

It is understood Aurora and its brokers have taken a handful of potential cornerstone investors through due diligence in the past week or so, seeking to lock in their early support and shore up the listing.

Investor sources said the cornerstone price range was 19.7 times to 21.7 times forward earnings, on a price to earnings basis, or $2 to $2.40 a share, in a deal that would value the group at $800 million to $880 million.

Potential investors were told the first $320 million or so would be used to pay down debt inside Aurora Health Care, which is to be spun out of the country's No.3 private hospitals group Healthe Care, while the other $80 million would go to Healthe Care owner Luye Group. Luye would own 30 per cent to 35 per cent on listing.
i don't think so; good way to lose money
  Forum: By Share Code

nipper
Posted on: Apr 30 2021, 01:58 PM


Group: Member
Posts: 8,850

and 5GG is trading around $1.10 today
  Forum: By Share Code

nipper
Posted on: Apr 30 2021, 12:17 PM


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Posts: 8,850

ALB came on market at 12:00.... started at 25c and settling, probably a few cents below but still with a stag.
  Forum: By Share Code

nipper
Posted on: Apr 30 2021, 11:41 AM


Group: Member
Posts: 8,850

Vitalharvest said that it has received an increased offer from Sydney private equity firm Roc, at $1.25 per Vitalharvest unit, for its assets.

It’s the sixth offer from Roc for the berry and citrus grower and Vitalharvest said that it will consider the new proposal.

Roc is locked in a bidding war with Macquarie for control of Vitalharvest.
  Forum: By Share Code

nipper
Posted on: Apr 30 2021, 09:48 AM


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Posts: 8,850

Key highlights
... Q3 FY2021 cash receipts of $727k (Q3 FY2020: $378k)
... Largest number of confirmed orders for delivery; 297 batteries as at 31 March 2021, excluding Optus
... Partnered with Optus to use Redflow batteries in at least 56 black spot sites as part of the Australian Government’s Mobile Network Hardening Program, with deployment expected in the coming months
... Established presence in California following signing of largest single sale of Redflow batteries to Anaergia for its Rialto Bioenergy Facility energy storage system - 2MWh system provided for US$1.2 million with installation and commissioning expected in September 2021
... Ongoing progress with the critical Gen3 battery program  Cash balance of $7.3 million as at 31 March 2021 underpins growth initiatives



  Forum: By Share Code

nipper
Posted on: Apr 29 2021, 09:15 PM


Group: Member
Posts: 8,850

Los Cerros Limited (LCL, formerly Metminco Limited).. On or about Nov 2019 the old MNC company consolidated its shares 1 for 40, and on 20 Jan 2020, changed its name to Los Cerros.


It is an ASX listed exploration and mining company. It is advancing a strong portfolio of exploration projects located in Colombia and Chile, mainly focused on gold, but with exposure to copper, molybdenum, and zinc. Projects range from early stage exploration, through advanced stage exploration to feasibility.

In 2020, LCL positioned itself to its S American campaign
Raised cash, extinguished debt.
Raised more cash
Returned to exploration field work in the second half of the year.
• Final Chuscal drill results confirms extensive epithermal gold overprinting porphyry gold
• Dosquebradas Resources grows total Quinchia Gold Project Mineral Resources to 1.3Moz
• AngloGold becomes shareholder; LCL secures 100% of the Chuscal prospect, and therefore 100% of entire Quinchia Project
• HK Ausino $2M exploration partnership signed, first purchase order placed for drill rig and peripherals
• Chuscal targeting and 3-D modelling. 3 porphyry targets for 2020 drill program
• Miraflores review reveals potential for more high grade targets white/Grey Breccia
Tesorito: Step out program from previous successful drilling and investigation of NE anomalous region grade ISS veins
• Early Sept: Exceptionally wide gold intercept 230m returned from Los Cerros' first diamond hole (TS-DH08) at the southern Tesorito anomaly - Colombia



The Miraflores Project is the most advanced project in the Company's portfolio. On 30 October 2017 the Company released the Miraflores Feasibility Study and on 27 November 2017 released a revised Reserve Calculation for the project

QUOTE
In summary, the Feasibility Study considered an underground mining operation generating 4.3Mt of mineralised material at a head grade of 3.3g/t gold over 9.3 years to deliver 421,000ozs recovered gold. Capital costs were estimated at US$72 million and operating costs were estimated at AISC of US$643/oz. At a gold price estimate of US$1,300/oz. over the life of the operation, the Study generated an NPV of US$72 million (at 8% discount rate) and payback of 3.6 years.
As at March, with $7 million in cash and a cash burn of around $1.2 million a quarter (last quarter) they have close to a year and a half until they run out of cash.

Low grades on what they have found, but a big target being defined. Deep, also. The MD recently stated they were ...
QUOTE
elevating Tesorito South to a globally significant recent gold porphyry discovery.
  Forum: By Share Code

nipper
Posted on: Apr 29 2021, 09:02 PM


Group: Member
Posts: 8,850

and over 40c of late. the last 4 weeks has seen it double, from 20c
  Forum: By Share Code

nipper
Posted on: Apr 29 2021, 06:33 PM


Group: Member
Posts: 8,850

any outfit dealing with the enterprise market that is pushing into online presence, software, ICT, cloud migration (and this is any and every company) then there is an attendant and necessary cyber security software offering..
. Rhype (RHP) has picked up emt, an Australian based cyber security distribution specialist that focuses on sourcing innovative security software vendors and working with channel partners, to deliver both on-premise and cloud-based security solutions, aimed at protecting companies against cyber security attacks.
Hubify (HFY) has taken a stake in Internet 2.0, an Australian and USA outfit offering cyber security for SMB, SME and Enterprise markets using a combination of proprietary technology and managed services, in order to on sell an affordable market leading defence grade Cyber Security solution to its 7,000 plus SME customers.
  Forum: Investment Discussion

nipper
Posted on: Apr 29 2021, 06:23 PM


Group: Member
Posts: 8,850

As a result of the strong performance in the third quarter 3Q21, rhipe expects its full year operating profit for the financial year ending 30 June 2021 to be in excess of $18 million ahead of previously disclosed guidance of $17.5 million. This operating profit guidance excludes any changes in market conditions.
QUOTE
In addition to the solid financial results, rhipe’s 01 April 2021 acquisition of cyber security distributor, emt Distribution, is expected to complete on 30 April 2021. The acquisition strengthens rhipe’s presence in security software distribution and will expand rhipe’s offering to the enterprise market, providing a full spectrum of security solutions from a wide choice of vendors to both our existing and new Partners.

emt is an Australian headquartered cyber security distribution specialist that focuses on sourcing innovative security software vendors and working with channel partners, to deliver both on-premise and cloud-based security solutions, aimed at protecting companies against cyber security attacks. emt has operations in Australia, the Middle East and Asia, with 40 employees and sales of $26m across these locations.

The acquisition strengthens rhipe’s presence in security software distribution and will expand rhipe’s offering to the enterprise market, providing partners with a full spectrum of security solutions from a wide choice of vendors, to help them build their own security portfolio. The acquisition complements rhipe’s existing cyber security software offering centred around Microsoft’s product stack and also the recent launch of rhipe’s own SMB focused encryption product “SmartEncrypt”.

emt was founded in 1988 and has a portfolio of over 15 security vendors that offer cyber security solutions, catering to the needs of both small and medium businesses and large enterprise companies. Services provided by emt include pre and post sales technical support and professional services.

  Forum: By Share Code

nipper
Posted on: Apr 29 2021, 04:55 PM


Group: Member
Posts: 8,850

Novatti has been selected by Afterpay for the delivery of its payment card program in New Zealand.

QUOTE
Afterpay is an Australian fintech company listed in the S&P/ASX 20 that has revolutionised the way that consumers pay for goods and services. It has grown into a leading international player in the Buy Now Pay Later (BNPL) sector, with over 14 million active customers globally.
As part of this new partnership, Novatti will leverage its licence with Visa to enable Afterpay to issue Visa card solutions. This includes enabling Afterpay’s users to access Afterpay-branded payment cards in their digital wallet for use at participating merchants across New Zealand.
The initial agreement is for three years. Novatti will receive project setup, monthly recurring and, dependant on the take up of the service, transaction-based fees.

.... and up 30%
  Forum: By Share Code

nipper
Posted on: Apr 29 2021, 10:26 AM


Group: Member
Posts: 8,850



QUOTE
Woolworths’ March quarter sales rose just 0.4 per cent to $16.5 billion after weaker food sales in Australia and New Zealand offset strong sales growth at BIG W, Endeavour Drinks and in hotels.

Same-store sales in Australian supermarkets fell 2.1 per cent as the retailer cycled through the panic buying that sent sales soaring in March last year. Same-store sales rose 10.3 per cent in the March quarter last year and by 7.1 per cent in the December quarter.

While in-store sales fell 4.5 per cent in the quarter, online food sales soared 90.5 per cent to $878 million, reaching 7.9 per cent of sales compared with just 4.1 per cent of sales a year ago.

the Covid lockdowns and behavioural changes has definitely brought about change at a rapid rate.


  Forum: By Share Code

nipper
Posted on: Apr 28 2021, 06:48 PM


Group: Member
Posts: 8,850

of course, STB, SOUTH BOULDER MINES LTD was the old name for this company. There was no share consolidation, just a renaming to reflect the focus on the Eritrean assets.
  Forum: By Share Code

nipper
Posted on: Apr 28 2021, 05:59 PM


Group: Member
Posts: 8,850

April sales at Coles rose a higher than expected 4 per cent and CEO Steve Cain said trading was trending to more normal patterns, with customers returning to CBD stores and shopping centres, rather than favouring neighbourhood stores, as they did in 2020, as pre COVID19 shopping habits returned and food retailers battled for market share.

Coles dropped prices (excluding tobacco and fresh foods) on an average falling 0.8 per cent ... the first quarterly deflation since 2018 ... compared with inflation of 1.8 per cent a year ago.
Online food sales jumped 49 per cent, with sales penetration increasing to 5.5 per cent in the third quarter, up from 5.3 per cent in the December quarter. Online liquor sales soared 72 per cent.

Coles' total March quarter sales fell 5.4 per cent to $8.7 billion, with weaker supermarket sales offsetting 2.6 per cent growth in liquor and 7.4 per cent growth in convenience stores.
  Forum: By Share Code

nipper
Posted on: Apr 28 2021, 05:28 PM


Group: Member
Posts: 8,850

NICKEL SULPHIDE MINERALISATION INTERSECTED ALONG STRIKE AT NEPEAN

Highlights
QUOTE
• Nickel sulphide mineralisation hosted by a thick fertile ultramafic unit intersected along strike from the historic Nepean nickel mine
• Several thick zones of elevated nickel (>0.3%Ni) and logged disseminated nickel sulphides were intersected within the ultramafic rocks in close proximity to the footwall contact with the underlying basalt unit, which is typical of Kambalda-style nickel sulphide deposits
• Down Hole Electromagnetic surveys have identified several anomalous conductors coincident with the elevated nickel intersections, providing discrete high-priority drill targets
• Next phase of drilling to test these targets is scheduled to commence in early May
• High-powered ground Moving Loop Electromagnetic survey has commenced at Nepean over most prospective areas of the 10km of potential strike
  Forum: By Share Code

nipper
Posted on: Apr 28 2021, 11:48 AM


Group: Member
Posts: 8,850

nice win for existing shareholders.... ADO raised the money with ease... Now back trading and up 10% to 46c a share


50% of the raised amount going to the Covid test roll out

QUOTE
Working capital for COVID-19 Antigen Rapid Test rollout ... $6.0M
Acceleration of assay pipeline, including COVID Multiplex and Sepsis Test ... $3.0M
Organisational development in support of the growing activity base of the Company ... $1.5M
Battery Development program acceleration ... $0.5M
Working capital and costs associated with Capital Raising .... $1.0M
and SPP to follow to pull in another $4M maximum. At 26c a share, this should be keenly sought after.
  Forum: By Share Code

nipper
Posted on: Apr 28 2021, 08:40 AM


Group: Member
Posts: 8,850

.... from the latest Outlook; the company will
QUOTE
[c]ontinue exploring strategic acquisitions to expand upon the product breath, distribution and top-line revenue of the company
and we hope this expansion will breathe life into the shareprice
  Forum: By Share Code

nipper
Posted on: Apr 28 2021, 08:31 AM


Group: Member
Posts: 8,850

QUOTE
It can be said with pride, India ... defeated COVID-19 under the able, sensible, committed and visionary leadership of Prime Minister Modi  ... The party unequivocally hails its leadership for introducing India to the world as a proud and victorious nation in the fight against COVID.
.
Those were the words of a resolution passed by India's ruling Bharatiya Janata Party, just a few weeks ago in February.
  Forum: Off Topic Chat

nipper
Posted on: Apr 27 2021, 08:38 PM


Group: Member
Posts: 8,850

Danakali Limited (ASX: DNK) is focused on the development of the Colluli Potash Project. The Project is located in the Danakil Depression region of Eritrea, East Africa and is 100% owned by the Colluli Mining Share Company. CMSC is a 50:50 Joint Venture between Danakali Limited and the Eritrean National Mining Company (ENAMCO).
QUOTE
Since drilling commenced at Colluli in early 2010, over 1 billion tonnes of high grade potassium bearing salts suitable for the production of potash have been identified. The potassium bearing salts of the Danakil Depression have the unique capability of producing a diverse range of potash types including muriate of potash (MOP or potassium chloride), sulphate of potash (SOP or potassium sulphate), and sulphate of potash magnesia (SOP-M or potassium magnesium sulphate).

Sulphate of potash is a highly valued, chloride free, premium potash fertiliser that has limited primary production facilities globally. SOP contains both potassium and sulphur, which are essential crop nutrients.

Following the positive outcomes of a prefeasibility study (PFS) for the production of sulphate of potash (SOP) in February 2015 and a definitive feasibility study (DFS) that was completed in November 2015, a front end engineering design (FEED) study was completed in January 2018 for a modular SOP development.
Since then .... listed on LSE late 2018. Eritrea and Ethiopia signed peace treaty. African Export-Import Bank and Africa Finance Corporation talking about US$200M financing. New CEO mid 2019. Binding offtake. Power plant commissioned. Mine development advanced. UK adviser inked in. Construction phase for mine infrastructure started.... oh and renewed civil war in Eritrea, and financing not emerging as quickly as promised.
  Forum: By Share Code

nipper
Posted on: Apr 27 2021, 08:27 PM


Group: Member
Posts: 8,850

clearly the Cap Raise got nowhere.
03 Jun 2015 .... name changed to Danakali Ltd
  Forum: By Share Code

nipper
Posted on: Apr 27 2021, 04:10 PM


Group: Member
Posts: 8,850

Hubify takes Strategic Stake in Australian and US based Defence Grade Cyber Company Internet 2.0

Highlights
Internet 2.0 provides defence grade cyber security for SMB, SME and Enterprise markets using a combination of proprietary technology and managed services. It's international customers include the US State Department and Global Affairs Canada.
• Hubify is strategically investing $0.5M into Internet 2.0 for 4.2% equity. The $0.5M will be reinvested in marketing and sales to drive Hubify's Cyber Security revenue in Australia.
• Hubify will also have an option to purchase up to a further $1 million worth of equity at the same value per share as the initial equity purchase (based on achieving revenue targets).
• The partnership enables Hubify to on sell an affordable market leading defence grade Cyber Security solution to its 7,000 plus SME customers.
• Under the initial three-year agreement, Hubify will provide Cyber Security hardware and managed services to SME customers with technology supplied by Internet 2.0.
  Forum: By Share Code

nipper
Posted on: Apr 27 2021, 11:38 AM


Group: Member
Posts: 8,850

Damstra Holdings (DTC) provides businesses with a cloud-based workplace management platform that tracks, manages, and protects their workers and assets.


Financial Highlights
Strong quarterly performance revenue of $6.9m, up 66% on (PCP)
• Highest ever monthly revenue in March 2021
• ARR at 31 March of $33m, up by 98% on (PCP)
• Operating cash receipts of $7.2m for the Quarter
• Record Gross Margin: on a year to date (YTD) basis has now expanded to 81% from 67% (PCP)
• YTD EBITDA Margin of 20%, up from 15.3% (PCP)
• Improve financial flexibility with new $20m debt facility



Other Highlights
30 new clients acquired during Q3, taking YTD new clients to 102
• The synergies target from the Vault acquisition of $5.2m has been further upgraded and is now finalised at $6m
• Active user numbers increased by 61% to 689,000 from 427,000 (PCP)
• Enterprise Protection Platform (EPP) positioning received positively by existing and potential clients
  Forum: By Share Code

nipper
Posted on: Apr 26 2021, 06:41 PM


Group: Member
Posts: 8,850

1. No
2. Not applicable
......
4. In Compliance
QUOTE
3. The Company is not aware of any other explanation for the price change and increase in volume in the securities of the Company. The Company notes that the battery materials sector, in which Talga operates, has recently seen a significant increase in positive sentiment. This sector wide performance may be related to a number of positive factors relevant to the sector during this period including but not limited to:

Announcements by major automotive companies planning increases to electric vehicle production which suggests associated demand for graphite anodes in the lithium-ion batteries powering said vehicles (for example the more recent Friday 23 April 2021 Honda announced that all sales will be electric vehicles by 2040, with a concurrent US$46 billion to spent on electrified mobility over 6 years https://bloomberg.com/news/articles/2021-04...hicles-by-2040).

Numerous governments announcing plans that would include support for strategic investments in the battery materials supply chain (for example the more recent 31 March 2021 USA introduces plan for investment of $174 billion to electrify their automotive industry https://www.whitehouse.gov/briefingroom/sta...can-jobs-plan/).

Increased awareness of Talga's progress towards building and operating Europe's first large-scale graphite anode production facilities and strategic role in supporting the transition of battery customers to achieve net zero targets ( 19 April 2021 https://www.talgagroup.com/irm/PDF/6f9b1552...esEVAnodePlant).

up 25% and closed at $1.72. hit a high of $1.79 around mid day
  Forum: By Share Code

nipper
Posted on: Apr 26 2021, 05:45 PM


Group: Member
Posts: 8,850

I hope there is an allocation, Peter . The offer is to raise capital; the placement will likely go to insiders, mates, sophisticates and etc. To date, it is not an entitlement, though sometimes with these (accelerated) capital raisings, there is a SPP that follows (though likely somewhat scaled back). Find out tomorrow.
  Forum: By Share Code

nipper
Posted on: Apr 26 2021, 04:41 PM


Group: Member
Posts: 8,850

Future Battery Industries Cooperative Research Centre (it's got to be a government initiative, with a clumsy acronym like FBICRC .)

The Future Battery Industries Cooperative Research Centre brings together almost 60 industry participants, eight universities, the CSIRO, and Federal and State Governments.

Through a six year research and development program we will target all segments of the battery value chain and deliver commercial, proprietary outcomes to accelerate industry expansion and grow a vibrant, emerging battery industry sector.

With about $130 million cash and in kind contributions, the FBICRC will position Australia as a leader in battery industries and create a new generation of highly skilled workers equipped to deliver the energy materials, systems and accreditation processes of the future.

QUOTE
Our tiered partnership model allows participants of all sizes to join us in this once in a generation opportunity to develop new technologies.

National participants have each made a cash or in-kind contribution to the work of the Future Battery Industries Cooperative Research Centre and provide direct input into our focus research areas. The work will be critical in harnessing the research skills and industry expertise required for solving common challenges.

Core & Key participants

7 universities
Some big hitters ... BASF, BHP,

9 smaller ASX listed minerals and resources companies
A4N Alpha HPA
ADO AnteoTech
ARL Ardea Resources
CSX Blackstone Minerals
CXL Calix
IGO IGO Ltd
LYC Lycopodium
SYR Syrah Resources
TLG Talga


and a whole bunch, probably paying less/ bringing less to the table
Associate participants

including AVL Australian Vanadium, COB Cobalt Blue, Covalent Lithium, EGR EcoGraf, , FYI FYI Resources, GXY Galaxy, LIT Lithium Australia, LYC Lynas
  Forum: Investment Discussion

nipper
Posted on: Apr 26 2021, 12:41 PM


Group: Member
Posts: 8,850



QUOTE
AnteoTech Limited is making the most of its 250 per cent share price boom in the past six months. The company was out looking for $8 million in fresh capital on Monday morning via a placement of new shares.

The offer, which was being handled by PAC Partners, was priced at 26¢ a share, which represented a 37.3 per cent discount to AnetoTech’s last close, and a 9.9 per cent discount to the 30 day VWAP, according to terms sent to funds.

Money raised would be used to help roll out the company’s COVID19 rapid testing kits, potential investors were told.


  Forum: By Share Code

nipper
Posted on: Apr 26 2021, 12:02 PM


Group: Member
Posts: 8,850

QUOTE
Seems Jim Mellon has a 15.521% holding in VXR via his company, Regent Pacific Group Limited. Does not appear he took part in the most recent CR ... previously he held 16.7%

and this holding down from 7.9% to 5.8% from recent Notices

Someone is buying!
  Forum: By Share Code

nipper
Posted on: Apr 26 2021, 11:15 AM


Group: Member
Posts: 8,850

Buying out of the blocks today for Talga. Very keen accumulator pushed it past $1.60 (+15%). No news.
  Forum: By Share Code

nipper
Posted on: Apr 26 2021, 09:52 AM


Group: Member
Posts: 8,850

Copper starred in commodity markets last week as a weaker US dollar added to continuing demand and improving market fundamentals. Comex copper topped $US4.33 a pound; the highest it has been since August 2011 and moving past the previous nine year plus high hit in early March around $US4.29 a pound.

That left copper up 4% for the week and more than 23% for the year to date. A year ago it was down around $US2.17 a pound (March 22) in the midst of the first pandemic lockdown.

Since then recovery activity .... first in China, then elsewhere, and now the US has added to demand for the metal from the rapidly growing renewables sector for vehicles, power transmission, wind farms and wiring.

As well strong home building activity in developed economies , especially in the US, Australia and now China, has added to demand and drawn extra output from producers.

Globally, the copper market has moved into a small surplus as more production emerges (that’s after the big deficit for calendar 2020 because of a sharp Covid driven fall in output in Peru especially).

The global world refined copper market showed a 28,000-tonne surplus in January, compared with a 1,000 deficit in December and a 34,000 tonne deficit in the year-earlier quarter, the International Copper Study Group said in its latest monthly bulletin.




https://www.sharecafe.com.au/2021/04/25/com...-others-follow/


  Forum: Macro Factors

nipper
Posted on: Apr 26 2021, 09:39 AM


Group: Member
Posts: 8,850

Highlights
• XPerienceTM No Rinse Antimicrobial Solution receives FDA 510(k) clearance
• XPerienceTM addresses a large unmet need ... market leading performance in reduction of all tested pathogens
• Commercial sales in the USA to commence immediately


QUOTE
XPerienceTM enters the market as a single step application where the residual solution remains in the surgical site after closure and continues to help defend against pathogens for several hours, giving surgeons a simple and effective adjunct to help prevent surgical site and post-operative infections.

XPerienceTM is designed for use in virtually every open surgery case, with our initial focus being on: • Shoulder • Hip • Knee • Trauma • Podiatry

  Forum: By Share Code

nipper
Posted on: Apr 25 2021, 07:49 PM


Group: Member
Posts: 8,850

Market could have other ideas..

With sharemarkets near records, investors are on high alert for robust earnings from some of the world’s biggest technology companies to keep the post-pandemic rally alive.

It is a big week for US earnings, with about 40 per cent of the S&P 500’s market cap to report results, and quarterly earnings from tech giants Apple, Microsoft, Alphabet, Facebook, Amazon and Tesla are due to be released.

They will be closely scrutinised after Netflix results disappointed last week. Investors were spooked when the pandemic darling added fewer than expected paid subscribers in the first quarter, and Netflix shares slumped.


There are vast numbers of growth companies trading on high earnings multiples and vulnerable to a rise in interest rates and earnings disappointments, said Garth Rossler, chief investment officer at Maple-Brown Abbott.

Growth stocks under pressure in Australia in the past week included online retailer Kogan, e-commerce player Redbubble and intelligent investigative analytics company Nuix, which all slumped after disappointing investors.


“There’s a bit of a tug of war” taking place in markets between value stocks – where earnings growth is expected to drive reasonable momentum – and the growth stocks, which could be headed for a derating, the value manager said.

All three US stockmarkets rallied strongly on Friday, with the S&P 500 trading within touching distance of a fresh high. The S&P 500 rose 1.1 per cent, the Nasdaq 100 rose 1.3 per cent and the Dow Jones Industrial Average rose 0.7 per cent.

......

Amid the optimistic market mood, ASX futures are pointing to a 0.2 per cent advance on Monday, which would take the benchmark closer to its 7162 February 2020 record closing high. The S&P/ASX 200 Index closed at 7060.7 on Friday.

The Australian dollar rose 0.5 per cent to US77.45¢ on Friday. Iron ore with a 62 per cent ore content rose $US2.63 to $US186.25 a tonne on Friday..
  Forum: Investment Discussion

nipper
Posted on: Apr 25 2021, 07:08 PM


Group: Member
Posts: 8,850

Glad to help. 👍
  Forum: Off Topic Chat

nipper
Posted on: Apr 24 2021, 09:12 PM


Group: Member
Posts: 8,850

QUOTE
We are going to see [with 5G] much like we did with 4G, applications explode that we do not even know today. We have no idea what they are going to be.

…I mean, if you go back to the early days of 4G, no one expected we would be carrying the computing power and the number of applications we carry in our pockets every day
.
Chuck Robbins, CEO, Cisco Systems Inc
  Forum: Off Topic Chat

nipper
Posted on: Apr 24 2021, 04:54 PM


Group: Member
Posts: 8,850

got down to just above $4

NXL provides commentary on recent trading conditions following completion of an internal quarterly management review.
Pro Forma Revenue of $180m to $185m (vs $193.5m forecast in the IPO Prospectus)
• Annualised Contract Value of $168m-$177m (vs $199.6m)
• Pro Forma EBITDA of $64.6m-$66.6m (vs $63.6m)
• Acceleration in customer transition to consumption and software as a service (SaaS) licenses impacts the revenue profile but delivers significant longer-term business model benefits
• Current operating climate has reduced near-term upsell opportunities, while revenue from renewals and new business remain in line with expectations
• Strong underlying business performance with substantial increases in new customers won, and total and average order values, compared to the same period in FY20


During April, a significant and larger than expected number of Nuix's customers, including one of its largest, elected to transition from module-based subscription licenses to consumption and SaaS license models, resulting in a shift in both revenue and ACV profiles.

Some of Nuix's law firm, advisory and service provider customers have also recently informed Nuix of a reduced add-on (upsell) requirement for existing licenses. This is due to both their unutilised license capacity in the current climate, as well as the recovery in legal case backlog being slower than anticipated.
  Forum: By Share Code

nipper
Posted on: Apr 24 2021, 04:23 PM


Group: Member
Posts: 8,850

oil news (winds of head):

Oil prices held on at the end of the week, set to close out mostly flat from a week earlier. Oil prices are trapped between horrific downside risks, mostly in India, offset by growing optimism in the U.S. and to a lesser extent in Europe.

India’s oil demand in doubt. India posted several days of record-setting Covid-19 cases, and Bloomberg reports that demand for fuels could plunge by 20% in April. “Given the grim situation, it’s likely that the lockdowns could be in place for several weeks or even a couple of months,” said Senthil Kumaran, head of South Asia oil at industry consultant FGE. “India’s total key oil products demand will see a significant pullback.”

Biden pledges 50-52% cut in GHG; other countries up commitments. President Biden announced a goal of cutting emissions by 50-52% by 2030 at the climate summit on Thursday. Canada boosted its target from a 30% cut to a 40-45% cut. Japan raised its target to 46%, up from 26%.

Natural gas rally over. Bank of America said that natural gas “throws in the towel,” noting that the month of March saw weaker-than-expected industrial demand and warm weather, leading inventories to end the month at 1.78 trillion cubic feet, higher than anticipated, which erased the inventory deficit relative to the five-year average.

Natural gas production on the rise. Even as demand hit a lull, production in natural gas is ramping back up after a roughly 18-month hiatus. Rystad Energy came out with a note predicting strong production gains for the next three years and beyond. Both Rystad and Bank of America said the Haynesville shale, in particular, is looking strong.

China promises pullback on coal. China’s Xi Jinping said that China would “strictly limit” coal consumption over the next five years and then begin phasing it out after that.

U.S. Senate to repeal methane rollback. The U.S. Senate will repeal the Trump-era pullback on methane regulations next week.

New York sues Big Oil. New York City sued ExxonMobil (NYSE: XOM), BP (NYSE: BP) and Royal Dutch Shell (NYSE: RDS.A) for deceptive ads claiming their products were “emissions-reducing.”

Chevron lobbies U.S. against Myanmar sanctions. The New York Times reports that Chevron (NYSE: CVX) is lobbying the U.S. government to not place sanctions on Myanmar, following the military coup and brutal crackdown that has unfolded in the country since February. Chevron operates a large natural gas project in the country along with Total (NYSE: TOT).

White House reveals climate finance strategy. The White House unveiled its international climate finance strategy, which includes pushing lending arms of the government – U.S. International Development Finance Corporation, the Millennium Challenge Corporation and the Export-Import Bank – to virtually eliminate fossil fuel lending, except in extraordinary circumstances.

Small companies buy Big Oil’s assets. The supermajors are pledging billions in low-carbon energy investments and committing to net-zero goals over the next decade. Meanwhile, smaller oil and gas companies are snapping up the shed assets.

Are peak demand forecasts accurate? Goldman Sachs believes oil demand will peak in 2026, while BP Plc believes the highest global demand growth is already over, and International Energy Agency (IEA) thinks the peak could come later, in 2030. However it’s framed, it is clear that the oil and gas industry is facing a turbulent future.

UN-backed climate finance group managing $70 trillion announced. The Glasgow Financial Alliance for Net Zero (GFANZ), a UN-backed group of assets managers, banks, investors, and insurers launched this week. The group's 160-plus members are responsible for over $70 trillion in assets, and “will work to mobilise the trillions of dollars necessary to build a global zero emissions economy and deliver the goals of the Paris Agreement," the announcement states. Participants include Barclays, Morgan Stanley, Citigroup, Munich Re, the Zurich Insurance Group and many others.

California to ban new fracking permits. California Gov. Gavin Newsom is expected to announce a ban on new fracking projects beginning in 2024.

Lithium era just beginning. It’s been a big week for lithium, with a multi-billion-dollar mega-merger, a new major production deal in Chile, and funding for Europe’s first large-scale lithium refinery in Chile. Things are looking up for the vital battery metal.

Halliburton sank on “moderating” fracking forecast. Halliburton (NYSE: HAL) beat the consensus on earnings but saw its share price sink after it said that it expects fracking activity to moderate in the U.S. in the second quarter.

Total terminating contracts in Mozambique. As militant attacks show no signs of going away, Total (NYSE: TOT) is terminating contracts with some companies in Mozambique related to its $20 billion LNG export project. Analysts say the delay on the project could be at least a year.

Biden admin unwinds Trump auto policy. The Biden administration will restore the authority to California to set its own fuel economy standards tighter than federal standards, following the Trump administration’s effort to repeal that authority.

Public lands drilling pause extended. The U.S. Department of Interior extended its drilling pause on federal lands through June, a policy that mostly only affects the southeastern corner of New Mexico.

12 states call for ICE ban. 12 U.S. states called on the federal government to ban the sale of gasoline-powered vehicles by 2035.

Kinder Morgan $1 billion Texas windfall. Kinder Morgan (NYSE: KMI) said that it took in a $1 billion windfall from the Texas electricity crisis in February. “[W]e view KMI’s large beat as a ‘zero-sum-game,’ meaning someone (i.e. buyers of the gas) had to pay the bill, which could make for some interesting utility earnings calls,” Citigroup said.
  Forum: Macro Factors

nipper
Posted on: Apr 24 2021, 02:39 PM


Group: Member
Posts: 8,850

June 15th, 2018, Taruga Gold Limited changed its name to Taruga Minerals Limited. (still TAR)
3 new directors and MD in Jul 2020

$4mill raised in Sept 2020 placement
previous incarnation (Africa) has gone, now it is all about High grade Iron-Oxide-Copper-Gold (IOCG) style projects in the Gawler Craton, South Australia

To date, the Company has identified 5 high grade copper, gold & silver prospects over 15km strike length at Flinders


also: Prospective for nickel, copper, gold and PGE’S
• 3 exploration applications in SW West Australia – potential for Greenbushes tin-tantalum-lithium & Venture Minerals base metal (Thor and Odin) types of mineralisation
  Forum: By Share Code

nipper
Posted on: Apr 24 2021, 01:50 PM


Group: Member
Posts: 8,850

exposure to residential property .... there are no REITs but some developers are riding the current market

QUOTE
Cedar Woods has one of the largest development pipelines, with 9000+ lots across 30 projects in VIC, WA, SA, and QLD. The group focuses on residential land and townhouses across different price points, with the majority of their products eligible for government grants. The key drivers include high presale at $380m providing solid visibility for earnings recovery to continue into FY22/23, coupled with a strong balance sheet to take advantage of pipeline acquisitions to support ongoing growth.

Every newspaper headline points to a housing boom: with clearance rates of over 80% in most capital cities, and price increases of +8% since the September trough, making it the strongest recovery in 33 years (according to CoreLogic). So what had contributed to this turnaround (and even surge) in the residential market?

  • Historically low-interest rates, with RBA forward guidance that rates are unlikely to rise until at least 2024
  • Low mortgage rates, including 2 to 3 year fixed mortgage rates below 2%, making it cheaper to buy than rent in some regional areas
  • Higher savings rates due to COVID spending restrictions provided larger deposits available for housing purchases
  • FOMO – fear of missing out, heightened by low listings

additionally, the work-from-home thematic has increased the desire for more space, and less reliance to be close to the workplace is driving demand for detached housing, particularly outside major cities.

https://www.sharecafe.com.au/2021/04/16/the...sure-via-reits/
  Forum: By Share Code

nipper
Posted on: Apr 24 2021, 01:27 PM


Group: Member
Posts: 8,850

QUOTE
Macquarie is back in front in the prolonged battle for Costa fruit orchard landlord Vitalharvest, outbidding Roc Partners with a $1.19 per unit offer amounting to $220 million or alternatively $335.15 million to buy all of the trust's assets.

The private equity firm briefly seized the advantage last week when it raised its offer to $1.18 per unit ($218.3 million) just a day after Macquarie's real estate arm improved its own bid to $1.16. This was to match an earlier offer of the same amount from Roc.
5 sets?


bid to $1.27 ....
  Forum: By Share Code

nipper
Posted on: Apr 24 2021, 12:23 PM


Group: Member
Posts: 8,850

Goldman Sachs calls copper “the new oil”​
Snippets:
QUOTE
Goldman forecasts a copper price of US$15,000 per tonne by 2025, up from the US$9,000 per tonne today. It estimates prices for the metal will average US$9,675 per tonne this year; US$11,875 per tonne in 2022; US$12,000 per tonne in 2023; and US$14,000 per tonne in 2024.​

And:
QUOTE
Goldman estimates “EV-related demand to amount to 2.4 million tonnes of copper by 2030 (vs. 210kt in 2020) with an additional 153kt of copper demand coming from charging stations (vs 14kt in 2020). We expect this demand to grow at a rate of 31% a year for the remainder of the decade.”​
  Forum: Macro Factors

nipper
Posted on: Apr 24 2021, 10:01 AM


Group: Member
Posts: 8,850

QUOTE
On Wednesday the price of 65% Fe Brazil fines was a record $US221.90 a tonne, up 12.6% from $US197.10 a tonne at the start of April.

That saw the price margin over 62% Fe fines hit a record $US33.67 a tonne on Wednesday, up from $US29.50 a tonne on 01 April.

The premium over 58% Fe fines on Wednesday was also a record .... a massive $US60 a tonne.

In the past year the price of all three iron ore types has more than doubled.

https://www.sharecafe.com.au/2021/04/23/val...er-in-ore-wars/
  Forum: Macro Factors

nipper
Posted on: Apr 24 2021, 09:43 AM


Group: Member
Posts: 8,850

QUOTE
Shares in e-commerce firm Kogan.com were crunched on Friday as it joined the growing number of companies reporting weak or weakening sales and earnings figures for the March quarter.

Friday saw Kogan join the queue and the shares fell more than 11% in the first hour of trading to $11.10. The shares touched an 11-month low of $11.02 in trading. Kogan was one of the big winners from the surge in online sales during 2020’s lockdowns during the pandemic but now its boost is running out of puff.

Customer demand during the March quarter slowed, expenses rose and despite a rise in gross profit, adjusted earnings fell 24%.

Kogan said it had been increasing its promotional activity to improve its inventory position (ie to clear unsold stock).


https://www.sharecafe.com.au/2021/04/23/res...boon-for-kogan/
  Forum: By Share Code

nipper
Posted on: Apr 24 2021, 09:38 AM


Group: Member
Posts: 8,850

weevil
  Forum: Off Topic Chat

nipper
Posted on: Apr 24 2021, 09:36 AM


Group: Member
Posts: 8,850

January 20th, 2020, Sims Metal Management Limited changed its name to Sims Limited. ... same code SGM
  Forum: By Share Code

nipper
Posted on: Apr 23 2021, 03:55 PM


Group: Member
Posts: 8,850

Carbon Revolution is raising $95 million in two components: a 1 for 4.38 rights issue to raise $53.5 million, and a $41.6 million institutional placement, all priced at $1.60 per share.

Last trade was at $2.35 so this is a steep discount. The capital is for a new production mega-line, which will take about 18 months to build and be in production from 2023, would help reduce labour hours per wheel from 17 hours to 10 hours. The Geelong manufacturing plant will increase production capacity by 75,000 wheels annually to 155,000 wheels.
  Forum: By Share Code

nipper
Posted on: Apr 23 2021, 03:30 PM


Group: Member
Posts: 8,850

there is e-commerce and there is e-commerce
QUOTE
The Bunnings website attracted on average 13 million visits a month in 2017 and 15 million a month in 2018, even though the retailer did not have an online store at that stage.

In 2019, website visits rose to an average of 19 million a month, boosted by the launch of a fully transactional e-commerce site and marketplace.

In 2020, website visits grew to more than 30 million a month and the level of interest had remained strong into 2021 ....
I am glad they got it right!!

In addition, Bunnings has created more than 750 how-to videos to date for its website and YouTube channel. Bunnings is filming the fourth series of a home renovation show that has helped Australia’s largest home improvement retailer boost sales by inspiring customers to undertake DIY projects, large and small, in their houses and gardens.
QUOTE
Two years ago, Bunnings bought and renovated a home in the Melbourne suburb of Knoxfield to create fresh DIY content for its website and YouTube channel. The home was also used to create a TV series, Make It Yours, which aired on the Seven Network.

It still owns the Knoxfield property but sold two other properties renovated in previous seasons soon after filming finished.

This year, Bunnings is renovating the homes of Bunnings staff, transforming different rooms and gardens in several houses, rather than renovating a single home, showing customers how to transform their living spaces.


  Forum: By Share Code

nipper
Posted on: Apr 23 2021, 10:15 AM


Group: Member
Posts: 8,850

as you would hope, with a name like PentaNet, code 5GG,
QUOTE
We have been successful in securing a 15 year licence for high band 5G spectrum in the 26 GHz April Auction conducted by the Australian Communications and Media Authority.


The licence is for 200 MHz of 5G millimetre wave spectrum covering the Greater Perth area in Western Australia including Perth, Mandurah, Bunbury and Margaret River. The licence fee of $8.0 million will be able to be paid in equal instalments over a 5 year period, with $1.6 million paid in FY 2021 out of existing cash reserves.

Identified as optimal for the delivery of 5G wireless broadband services, the 26 GHz band allows for significantly increased spacing between transmission towers and equipment, providing scope for Pentanet to increase network coverage and backhaul more quickly and at reduced cost.

  Forum: By Share Code

nipper
Posted on: Apr 23 2021, 09:54 AM


Group: Member
Posts: 8,850

CEO Kate Morris was out promoting Adore on Insta and Twitter at the time of the float. With all the depth one would expect.

There were glowing testimonies in the press
QUOTE
I have been a longtime customer and a repeat customer, so when the opportunity came up it seemed like a sound investment, Ms Howarth says. I would not invest in a company I would not be willing to be a customer of.
and
QUOTE
Ms Kane had no doubt about the company she wanted to invest in. However, she found the process of participating in an initial public offering far from simple. It felt like a complete gauntlet of information and completely obfuscated by jargon, she says. I had to lean on my incredibly supportive group of friends, having lengthy chat discussions with high school friends – all women with their own stock [portfolios].
Controversially, she suspects investing is not made difficult by accident .. instead, she sees it as a likely function of the industry's male dominance. Like any industry or systemic infrastructure that is set up by men, the stock and finance sector can often feel completely unreachable until it's unveiled in a way an individual can easily comprehend, she says.

and good luck, it would seem, was needed. The new paradigm (let alone sisterhood solidarity) has not really worked out.


QUOTE
Since listing, it’s been all downhill for Adore investors ... with shares closing at $4.78 on 22/04, nearly 30 per cent below the $6.75 price Quadrant and Adore’s founders Kate Morris and James Height cashed out much of their stakes for.

Quadrant only bought its stake in September 2019 before selling 40 per cent of it at the IPO for $137.2 million, retaining a 32.5 per cent holding. It has agreed not to sell more shares until August 2021 after Adore hands in results where Quadrant will likely hope investors focus more on promotion fuelled customer acquisition and revenue growth, before the bottom line.

Adore’s two founders now have just 10.8 per cent each left in the business, with their remaining shares escrowed for an undisclosed period of time under the prospectus.

For the six months to 31 December, Adore posted a loss before income tax of $1.5 million and it seems the $635.3 million IPO could equally stand for It’s Probably Overvalued.


  Forum: By Share Code

nipper
Posted on: Apr 23 2021, 09:40 AM


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Posts: 8,850

Adore Beauty Group Ltd (ABY) was co-founded in 2000 by Kate Morris and James Height as Australia’s first beauty focused ecommerce website. Since then, it has become Australia’s number one pureplay online beauty retailer, home to over 230 global and domestic brands and 11,000 products – some of which are available exclusively on Adore Beauty’s platform. In 2019, Quadrant Growth Fund invested in Adore Beauty alongside the co-founders.

Adore Beauty generates revenue through the sale of beauty and personal care products online. Adore Beauty has attracted and retained a large and active customer base, having grown over 278% over the past four years to over 590,000 Active Customers today. Adore Beauty’s customer acquisition and retention capabilities are driven by its business model that creates a strong value proposition for both brands and customers through its integrated content, marketing and e-commerce offering.

The Board believes that the Company’s ability to engage with customers and its reputation as an online destination for beauty and personal care represents a sustainable source of competitive advantage, and expects this to drive continued growth in active customers and revenue. In FY20, the Company generated $121.1 million of revenue.


.........x............x................x..

In an October 2020 IPO, Adore raised $269.5 million at $6.75 a share, including $40 million in new shares, valuing the company at $615 million.


  Forum: By Share Code

nipper
Posted on: Apr 23 2021, 09:35 AM


Group: Member
Posts: 8,850

ABY, ADITYA BIRLA MINERALS LIMITED .... Metals X Limited (MLX) was successful with an offer of 1 MLX share for every 4.5 ABY shares plus $0.08 cash for every ABY share.

ABY delisted from the close of trading on 03 August 2016 the pursuant to Listing rule 17.14
  Forum: By Share Code

nipper
Posted on: Apr 22 2021, 06:09 PM


Group: Member
Posts: 8,850

Reinvention is the name of the game

On 29 May, 2017, Western Mining Network Limited (WMN) changed its name and ASX code to European Cobalt Limited (EUC)
  Forum: By Share Code

nipper
Posted on: Apr 22 2021, 04:42 PM


Group: Member
Posts: 8,850

On 22 Dec, 2020, European Cobalt Limited (EUC) changed its name and ASX code to Aston Minerals Limited (ASO).

On 29 May, 2017, Western Mining Network Limited (WMN) changed its name and ASX code to European Cobalt Limited (EUC).
On 05 Dec, 2012, Western Manganese Limited changed its name to Western Mining Network Limited.

Aston Minerals Limited (ASO) is mineral exploration company focusing on acquiring base metals, gold and coal projects. Currently ASO focuses on Dobsina Project, Jouhineva Project and Edleston Gold Project.


Market cap could be $100M but it was about $20 to 25M a few weeks ago. North Ontario, old leases with some DD done a decade ago. ASO has embarked on Ground Consolidation, Permitting and Targeting conducted. Revisiting old data has firmed up broader alteration hosted mineralisation and high grade quartz lode hosted mineralisation. Recent drilling has visible gold
  Forum: By Share Code

nipper
Posted on: Apr 22 2021, 04:25 PM


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Posts: 8,850

In 3Q FY21, Megaport saw continued growth in Monthly Recurring Revenue (MRR), up 8% QoQ to $6.8M in March 2021. Total revenue for the quarter was $19.6M, up 5% compared to 2Q FY21.

In March 2021, Megaport achieved 2,117 customers, up 4% QoQ, 7,037 Ports, up 5% and total services of 29,056, up 4% QoQ, and 422 Megaport Cloud Routers, up 10% QoQ.

QUOTE
Outlook : Fiscal Year 2021 has highlighted the strong operating leverage in our business model and we remain on track to achieving EBITDA breakeven, on a run rate basis, by June 2021.



up nearly 10% to $12.84 and closed on day's high
  Forum: By Share Code

Poll: The Banks
nipper
Posted on: Apr 22 2021, 12:57 PM


Group: Member
Posts: 8,850

QUOTE
i guess a lot of you guys hold one or more big 4 banks stocks for yield

with many of the top spots, by market cap, taken by Big 4 + 1, anyone with a conventional Super Fund that hold funds and shares would have to have a weighting towards Banks:

ASX Top 20 by Market Cap
CBA ... BHP ... CSL ... WBC ... NAB ... ANZ ... FMG ... WES ... MQG ... WOW

... RIO ... TLS ... TCL ... GMG ... APT ... ALL ... NCM ... WPL ... COL ... XRO
  Forum: Investment Discussion

nipper
Posted on: Apr 21 2021, 09:34 PM


Group: Member
Posts: 8,850

Mighty Kingdom Limited (MKL) is Australia's largest independent game developer with over 80 staff. It was named the 2019 Studio of the Year at the 2019 Game Connection Asia Pacific Game Developer Awards, Australia's most prestigious game developer award. To date, Mighty Kingdom has released more than 50 games, with more than 50 million downloads.

Its current in market games include 9 Shopkins games, LEGO Friends: Heartlake Rush, Snap's Sugar Slam, Wild Life: Puzzle Story and Ava's Manor.

Within the first half of 2021, Mighty Kingdom is scheduled to release Conan Chop Chop (its first console game) and Sony Pictures' Peter Rabbit Run.

Mighty Kingdom also has several other games in development with release schedules throughout 2021/2022.

IPO today after raising $18million; at 30c a share. Opened above that but closed Day One at 28c
  Forum: By Share Code

nipper
Posted on: Apr 21 2021, 09:17 PM


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Posts: 8,850

On September 3rd, 2019, Legend Corporation Limited (LGD) was removed from the ASX's Official List in accordance with Listing Rule 17.11, following implementation of the scheme of arrangement between LGD and its shareholders in connection with the acquisition of all the issued capital in LGD by Greenland BidCo Pty Ltd.
  Forum: By Share Code

nipper
Posted on: Apr 21 2021, 12:42 PM


Group: Member
Posts: 8,850

Bank of America and Goldman Sachs have sent terms to fund managers on Wednesday morning, and said they would be back with an institutional bookbuild to sell shares and lock in the listing on Tuesday 27 April. Australian Clinical Labs would seek to raise $408.6 million at $4.00 a share. The price represented 15 times forecast profit for the 2021 calendar year, 9.9 times EBITDA on an AASB 117 basis and implied a 3.4 per cent dividend yield.

Funds raised would go towards Australian Clinical Labs' selling shareholders, repay existing debt and pay transactions costs, the term sheet said

If successful, the group would like with a $809.3 million market capitalisation on May 14. It would trade with ASX code of ACL.
  Forum: By Share Code

nipper
Posted on: Apr 21 2021, 11:43 AM


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Posts: 8,850

a low key early days Ann
QUOTE
First Graphene Limited is pleased to announce its patented process for converting petroleum feedstock into graphite, graphene and clean hydrogen has proven highly robust and effective.

The Company’s researchers at the Graphene Engineering and Innovation Centre in Manchester (GEIC), have successfully demonstrated that the Hydrodynamic Cavitation Technology (previously in collaboration with Kainos Innovation Ltd.) can efficiently produce graphite materials in a single step process. “Green” hydrogen is the only by-product with no carbon dioxide produced in the process.

  Forum: By Share Code

nipper
Posted on: Apr 21 2021, 11:35 AM


Group: Member
Posts: 8,850

10 years since a post, and, g'day stu !.

NAE is currently progressing gold projects in the Pilbara and New Zealand. A 40 hole (~2,800m) drilling program has just commenced at the Pilbara tenements targeting "Hemi Style" intrusive gold targets.

The tenements are located adjacent to DeGrey Mining's ground which hosts the >2.2m oz Mallina gold resources plus the Hemi deposits.

The New Zealand Projects (Lammerlaw Project and Otago Pioneer Quartz Project) are both at the soil/rock chip sampling and field mapping stage with work ongoing.
  Forum: By Share Code

nipper
Posted on: Apr 21 2021, 11:12 AM


Group: Member
Posts: 8,850

Given that plasma is a significant part of the CSL business, any attempt to boost supply, when splitting plasma into proteins such as immunoglobulin and albumin, which are used to create therapies to treat a range of conditions including immune deficiencies, would be welcome.

According to the Plasma Protein Therapeutics Association, per litre of plasma, the current industry standard is a yield of 4g of intravenous immunoglobulin. According to National Blood Authority data, CSL usually generates around 5g per litre.
The looming plasma shortage has led CSL to join forces with deep tech start-up incubator Cicada Innovations to launch a global challenge to find the best ways to meet growing demand for plasma-derived immunoglobulin therapies. To win ($40K + mentoring) individuals or team entrants only need to have a good idea. There is no requirement for the idea to be a fully functioning product.
..x..x..x...x...x....x.....x...

A Sydney start up, Aegros, has refined a process called tangential flow electrophoresis; the technology, called HaemaFrac, involves specially manufactured membranes to purify proteins in an electrically charged environment. This type of fractionation allows proteins to be isolated in their native state, with very high yield while removing contaminating bacteria and viruses. Aegros claims to be able to produce 8g per litre of immunoglobulin, out of a total possible of 10g. It is aiming to list sometime and
  Forum: By Share Code

nipper
Posted on: Apr 21 2021, 07:49 AM


Group: Member
Posts: 8,850

Meanwhile, in the real world

QUOTE
ASX futures point to 1.2 per cent tumble


Australian shares are poised to drop at the open, amid a global retreat in equities amid concerns about renewed COVID-19 infections.

ASX futures tumbled 86 points or 1.2 per cent to 6911 near 7am AEST. The currency slid 0.4 per cent.

The yield on the US 10-year note fell 5 basis points to 1.56 per cent at 4.59pm in New York. Bitcoin was trading near $US56,675 near 7.20am AEST on bitstamp.net.

Wall Street’s main indexes fell for a second straight day as a global spike in coronavirus cases hit travel stocks and investors had second thoughts about big US banks’ apparently stellar earnings last week.

“The fundamentals are still strong for the US stocks but being in excessive overbought territory has this market ripe for a pullback now,” Oanda’s Edward Moya wrote in a note.

At the close, the Dow had shed 256 points or 0.8 per cent; the S&P 500 had slid 0.7 per cent and the Nasdaq was 0.9 per cent lower. Each benchmark slightly pared earlier losses
  Forum: Investment Discussion

nipper
Posted on: Apr 20 2021, 08:37 PM


Group: Member
Posts: 8,850

in October 2020, placement to raise up to $2 million closed well oversubscribed.
''
and in Dec 2020
QUOTE
• Approximately AUD$1m to be raised through placement at $0.005 per share
• Funds raised will be used to repay ATO debt
• Value of listed investments currently $9.2m
• Debt reduced by $4.7m since June 2020
Cyclone is pursuing development of processing options for its copper, gold, cobalt assets in the Mount Isa region of north western Queensland. The Company decided that it was an opportune time for investment in the development of new environmentally friendly processing technology for copper and other valuable metals.

Since October, the Company has been developing a drilling / trial processing plan to utilise its Lady Ethleen project as a trial / demonstration deposit for development of an environmentally friendly alkaline leach processing solution. The Company had previously done sufficient work on the Lady Ethleen project to ascertain a deposit of sufficient size for trial mining and processing.


06 April 2021: ... drilling at its Lady Ethleen Project completed and sufficient samples have been obtained to conduct all of the planned Glyleach testwork at the MPS facility in Perth, Western Australia.

Approximately 330kg of material was collected from each of the three test zones to facilitate testing of oxide, transitional and sulphide material across the three leaching environments of static (heap leach simulation), semi static and active (continuous leach simulation) leaching.

  Forum: By Share Code

nipper
Posted on: Apr 20 2021, 06:10 PM


Group: Member
Posts: 8,850

and firming up
QUOTE
German raw material trading giant Thyssenkrupp has moved to shore up supply by signing a binding offtake agreement with West Australia based Hastings Technology Metals Limited.

The offtake agreement revealed on Tuesday covers the supply of 70,000 tonnes of mixed rare earths carbonate over 10 years and is a big boost to Hastings hopes of getting its $449 million Yangibana project off the ground.
now, the money?
  Forum: By Share Code

nipper
Posted on: Apr 20 2021, 05:20 PM


Group: Member
Posts: 8,850

and a 70% leap today
Speeding ticket tomorrow
(unless this washes)
QUOTE
HIGHLIGHTS
• 60,000,000 Unlisted Options exercised at $0.0045 to raise $270,000.
• Airborne survey has been completed by Precision GeoSurveys Inc. over the Hook Lake Project.
• Data from the survey will assist with the preparation of the follow-up ground-based program to identify new targets along with follow-up work on historical grab samples from trenching that returned assays up to 63% U3O8.
• Permit applications are in progress for the upcoming ground-based work following up on historical data and the airborne survey just completed

  Forum: By Share Code

nipper
Posted on: Apr 20 2021, 04:10 PM


Group: Member
Posts: 8,850

Analysts are suggesting there are many assets within Telstra that are not being adequately valued. Separating them will recognise the value of infrastructure style assets that can generate stable, recurring revenues, resulting in a far higher valuation than the present share price.
The towers business carries a modest asset value of just $300 million on the Telstra balance sheet after heavy depreciation. Once towers are in place and connected to the fibre backhaul, they are expensive to replicate and therefore extremely valuable.

Experience overseas shows that Telstra is following a well-trodden path as it seeks to increase shareholder value. An analyst says that mobile tower companies can trade at EBITDA multiples (earnings before interest, tax, depreciation and amortisation) ranging between 21-27 times earnings. By comparison, Telstra trades on an EBITDA multiple of around eight times.

The belief is through a partial or full selldown of these assets Telstra can realise this valuation arbitrage and increase shareholder returns.

Support for this view comes by referencing American Tower, which is listed in the US. The largest tower business in the world, it bought AT&T's long-distance phone lines years ago and used them to host mobile infrastructure.

American Tower is today valued at more than $US100 billion ($130 billion). It trades at over 20 times EBITDA, while AT&T trades at just seven times.

Also, Vodafone spun off its mobile tower assets in March this year on an EBITDA multiple of around 20 times.

There are few downsides for the proposed restructure other than Telstra risking its network advantage if the mobile towers separation is not properly structured.

American Tower's success has been in hosting multiple networks from a single piece of infrastructure. It has been able to scale nicely. For Telstra's tower businesses to do the same, Telstra would have to allow other networks access to those sites. There is a clear trade-off here. To maximise the value of its infrastructure, Telstra needs to allow other networks access to it. If it does that, it risks its network superiority.

The Australian Competition and Consumer Commission (ACCC) is another risk to this restructure. A split of the towers and infrastructure assets potentially opens the door to other networks also utilising those assets which could even the playing field.
  Forum: By Share Code

nipper
Posted on: Apr 20 2021, 01:45 PM


Group: Member
Posts: 8,850

wow, still listed

Multistack International Limited (MSI) operates in the heating, ventilation and air conditioning (HVAC) industry throughout Australia. The Group operations involves the sale and service of Multistack water and air-cooled water chillers used in commercial air-conditioning and process cooling applications. The Group also has agency relationships with agents in New Zealand, Philippines, South Korea and the Middle East.


with a Market Cap of $13 million (depending on which day it is priced), the shares have been trading for bugger all 1c to 2c for years when there is a trade at all. Then early March a spurt and yesterday, up 100% 6c to 12c. Coming back a bit today.

In response to the ASX query, the answers were:a) Nob) Not Applicablec) UnawareD) In compliance

Probably those redditors
  Forum: By Share Code

nipper
Posted on: Apr 20 2021, 01:07 PM


Group: Member
Posts: 8,850

* QUARTERLY GOLD SALES INCREASED 31% TO 87,215 OUNCES

* AISC FOR QUARTER WAS US$999 PER OUNCE

* ON TRACK TO ACHIEVE GOAL OF PRODUCING MORE THAN 500,000 OUNCES OF GOLD PER YEAR

* GOLD PRODUCTION AND AISC MARKET GUIDANCE FOR JUNE 2021 HALF YEAR REMAINS UNCHANGED

  Forum: By Share Code

nipper
Posted on: Apr 20 2021, 11:36 AM


Group: Member
Posts: 8,850

A 3,000m RC drilling program has recently been completed at the Wyacca Prospect at the Mt Craig Copper Project in South Australia with 30 holes drilled. Shallow, near surface copper mineralisation is being targeted.

Assay results should be due soon.
  Forum: By Share Code

nipper
Posted on: Apr 20 2021, 10:30 AM


Group: Member
Posts: 8,850

from https://www.sharecafe.com.au/2021/04/19/cha...ative-elements/


QUOTE
In recent years, [there has been a] two-speed nature of stock markets globally. As interest rates fell and investors searching for returns entered the market, their strong preference was for 'low-risk' assets. At different times they have found these qualities in defensive companies, such as consumer staples, real estate and infrastructure, and at other times, in fast-growing businesses in areas such as e-commerce, payments and software. At the same time, investors have been at pains to avoid businesses with any degree of uncertainty, whether that be natural cyclicality within their business or exposed to areas impacted by the trade war. Last year, this division was further emphasised along the lines of 'COVID winners', such as companies that benefited from pantry stocking or the move to working from home, and 'COVID losers', such as travel and leisure businesses. Over the last three years, these trends within markets created unprecedented divergences in both price performance and valuations within markets.


However, as we noted last quarter, this trend started to reverse at the end of 2020, as a combination of successful vaccine trials and the election of US President Biden pointed to a clearly improved economic outlook. The result was 'real world' businesses in areas such as semiconductors, autos and commodities started to see their stock prices perform strongly and this has continued into the opening months of 2021.
Meanwhile, the fast-growing favourites continued to perform into the new year, though these have since faded as the rise in bond yields accelerated. Many high-growth stocks have seen their share prices fall considerably from their recent highs, with bellwether growth stocks such as Tesla (down 27% from its highs), Zoom (down 45%) and Afterpay (down 35%).

Theoretically, rising interest rates have a much greater impact on the valuation of high-growth companies than their more pedestrian counterparts. As such, it is not surprising to see these stocks most impacted by recent moves in bond yields and concerns about inflation.....

... and the ASX is definitely not dominated by high growth, so yes your question is relevant, eb ....

It is kinda strange to me that aussie market not out perform other major market during last three months!! i consider aussie market as conservative market. do i got it wrong?
  Forum: Macro Factors

nipper
Posted on: Apr 20 2021, 09:30 AM


Group: Member
Posts: 8,850

Galaxy chief executive Simon Hay, who previously worked for BHP, said the surge in lithium prices over the past nine months was more sustainable than the boom that occurred between 2014 and 2018.
QUOTE
This time around the demand has a lot more legs, it is a lot more durable, he told The Australian Financial Review on Monday. Previously, China spoke for three quarters of demand and growth. Now we see Europe is outpacing China in growth and in gross numbers of tonnage of lithium, and North America is just emerging, so you will have three major growth fronts, not just one. So that is why we are really confident in the demand projections.


Mr Hay – who will be president of international business for the merged entity – said there was no intention to push the market into oversupply again.

QUOTE
A lot of the producers, and Orocobre and Galaxy are in this club, are definitely rational. We have both taken tonnes offline when we needed to and most of the majors are doing the same, so I think that helps in stabilising the lithium industry, he said.


  Forum: By Share Code

nipper
Posted on: Apr 19 2021, 08:34 PM


Group: Member
Posts: 8,850

We'll, it's geared into companies that are geared.
  Forum: By Share Code

nipper
Posted on: Apr 19 2021, 08:03 PM


Group: Member
Posts: 8,850

Had me thinking, what did you see (that may not be there?)
  Forum: By Share Code

nipper
Posted on: Apr 19 2021, 04:58 PM


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Posts: 8,850

Freelancer Limited (FLN) is engaged in freelancing, outsourcing, and crowdsourcing marketplace for small business. FLN connects over 40 million employers and freelancers globally from over 247 countries, regions and territories. Employers can hire freelancers to do work in areas such as software development, writing, data entry and design right through to engineering, the sciences, sales and marketing, accounting and legal services.


FLN has been listed since late 2013. It offered shares at 50c, opened above $2.00 but has not seen such levels since. GFC saw it way down, into the 20's and today pushed to a 12 month high at 77c. Market cap now $220 million


Got to work hard; lots of competition in the space. Has taken 7 years for sales per share to double. Just achieved cash flow positive but earnings are still negative.


  Forum: By Share Code

nipper
Posted on: Apr 19 2021, 04:38 PM


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Posts: 8,850

new high for the 12 months; very late in the day, OMH pushed through and then settled at 90c
  Forum: By Share Code

nipper
Posted on: Apr 19 2021, 03:45 PM


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Posts: 8,850

ZNC seeing a nice share price lift today as a result of their 25% Free Carried Interest in the Earaheedy Project Joint Venture with Rumble Resources.

Currently up 61.5% to 21.5c and trading at highs not seen since 2012.
  Forum: By Share Code

nipper
Posted on: Apr 19 2021, 01:47 PM


Group: Member
Posts: 8,850

QUOTE
Awaiting drilling and results with great anticipation ....

and they are in. was 10c a week ago, and today, at 30c. Wide intersections and good grades, and a likely prospective mineralised zone over 45km of strike. !..
Major Zinc-Lead Discovery at Earaheedy Project, Western Australia
QUOTE
The Chinook Prospect has the potential to be at the upper end of the existing exploration target based on the consistent grades (4% to 5% Zn + Pb), the true thickness (up to 34m vertical), the intersection of Zn / Pb over 2km of strike, the width over 1.1km and the mineralisation being open in all directions.



Of importance is the shallow nature of the Zinc-Lead mineralisation, which is amenable to large scale open cut mining scenarios.
  Forum: By Share Code

nipper
Posted on: Apr 19 2021, 10:57 AM


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Posts: 8,850

up 5% today.... gold is on a march! Again.
  Forum: By Share Code

nipper
Posted on: Apr 19 2021, 09:37 AM


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Posts: 8,850

QIC and AGL Energy, in conjunction with New Zealand power company Mercury NZ, have heated up the bidding war for Tilt Renewables, raising their offer for the company from $NZ7.80 a share to $NZ8.10 a share.
  Forum: By Share Code

nipper
Posted on: Apr 19 2021, 09:35 AM


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Posts: 8,850

Orocobre and Galaxy said they will merge via a Galaxy scheme of arrangement, under which Orocobre will acquire 100 per cent of the fully paid ordinary shares in Galaxy. Galaxy shareholders to receive 0.569 new fully paid ordinary shares in Orocobre for each Galaxy share held.

Upon completion of the scheme, Galaxy shareholders will own 45.8 per cent of the fully diluted share capital of the combined entity and Orocobre shareholders will own the remaining 54.2 per cent, reflecting an at-market merger.
  Forum: By Share Code

nipper
Posted on: Apr 19 2021, 09:35 AM


Group: Member
Posts: 8,850

Orocobre and Galaxy said they will merge via a Galaxy scheme of arrangement, under which Orocobre will acquire 100 per cent of the fully paid ordinary shares in Galaxy. Galaxy shareholders to receive 0.569 new fully paid ordinary shares in Orocobre for each Galaxy share held.

Upon completion of the scheme, Galaxy shareholders will own 45.8 per cent of the fully diluted share capital of the combined entity and Orocobre shareholders will own the remaining 54.2 per cent, reflecting an at-market merger.

The merger creates a leading ASX lithium company with about 40ktpa LCE production capacity and a top 5 lithium company globally.

Proforma market capitalisation has been estimated at $4 billion. The combined entity is expected to be included in the ASX 200 index and approach ASX 100 index thresholds.

The deal has been unanimously recommended by the Galaxy board, subject to no superior proposal emerging for Galaxy, and the independent expert concluding that the scheme is in the best interests of Galaxy shareholders.

Each Galaxy director intends to vote all the shares that they hold in favour of the Scheme, subject to the same qualifications.

Martin Rowley will be appointed non-executive chairman and Robert Hubbard will be appointed deputy chairman.

Both Mr Rowley and Mr Hubbard will retire from their roles within 12 months of implementation. They will lead a process to ensure that the longer term board composition is ideally placed to lead the merged entity forward

Martín Pérez de Solay will remain as CEO and managing director of the combined entity while Simon Hay will assume a newly created role as President of International Business reporting to the CEO.

Orocobre said it produced a record 3,232 tonnes of lithium in the March quarter, up 18 per cent on the previous corresponding period.

  Forum: By Share Code

nipper
Posted on: Apr 18 2021, 06:38 PM


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Posts: 8,850

Thorney Technologies Ltd (TEK) is an ASX listed investment company. Its principal activity is investing in global, listed and unlisted, technology investments at all phases of the investment lifecycle.

TEK listed after a reverse takeover in early 2017, raising $42 mill at $0.235 cents per share; Alex Waislitz and listed Thorney Opportunity TOP are major holders with about 20%, and Alex Waislitz is also Chairman. Early investments were in APT, ZIP, OVH and NXT.
Some $27.0 million was raised in Nov 2020 via a placement to institutional, sophisticated and professional investors at $0.35 per share; a $10.0 million entitlement at 35c also took place. Market cap is now $140 million.
The five largest portfolio holdings are Z1P, UPD, YOJ, IMU and DUB, which represent circa 24% of TEK's investment portfolio. YOJ, IMU and DUB closed strongly at period end, together with other performing investments in the portfolio, including but not limited to BRN, NTO and RCL, adding to the Group's unrealised gain for the period. During the half year period, the Group became a substantial holder of DUG, CCR, SPA and CLU, and lodged a change of interests of substantial holder notices for VTI, ISU, TNY, DUB, OVH, QFE, JAY, ANR and RCL.

Since 30 June 2020 the Group has held a series of Investor Briefing Webinars; key personnel from YOJ, DOC, CLU, 5GG and CCR participated and these presentations were recorded and are available on the TEK website.

TEK has not paid a dividend during its life; the shares trade at a slight discount of about 10% to NTA
  Forum: By Share Code

nipper
Posted on: Apr 18 2021, 05:48 PM


Group: Member
Posts: 8,850

Thorney Opportunities Ltd (TOP) is an investment company listed on the Australian Securities Exchange. principal activity is making investments in listed and unlisted securities. The Company concentrates on producing absolute returns for shareholders over the medium to long term. Its primary focus is on the careful selection of investments which enable it to be a constructive catalyst towards unlocking the value in the companies that it identifies.

It listed on the ASX in 2013 and has a market cap of about $100 million. As it is a LIC, the published NTA for end of March was 67c while trading in its shares has been subdued and is closer to 53c... Because of this discount, the company has embarked in a buyback in the hope of narrowing the gap. Fully franked dividends have been paid since 2016 with the current yield around 4%.

Focusing on the medium and small company sector of the market, the five largest portfolio holdings are SSM, AMA, MNY, PAL and MRM; these constitute 55% of the company's listed portfolio. There is also an interest in the unlisted Australian Community Media Group. With the manager Alex Waislitz seemingly happy to talk the 'book', Investor Presentations drill deep; key personnel from PAL, OVN, COG, ANG, COE and MRM participated and these presentations were recorded and are available on the TOP website.
  Forum: By Share Code

nipper
Posted on: Apr 18 2021, 05:26 PM


Group: Member
Posts: 8,850

clearly, WWM didn't make it too much further .... late Dec 2013, the name changed from Wentworth Holdings Limited to Thorney Opportunities TOP
  Forum: By Share Code

nipper
Posted on: Apr 18 2021, 12:34 PM


Group: Member
Posts: 8,850

TRIBECA GLOBAL NATURAL RESOURCES LIMITED (TGF) is an ASX listed investment company that joined the ASX in November 2018, raising capital at $2.50 a share.

It is the only LIC with Tribeca Investment Partners, which is a leading boutique fund manager with a twenty year history of innovation and investment excellence. With offices in Sydney and Singapore, Tribeca manages a suite of actively managed traditional and alternative strategies.

TGF invests in metals & mining, energy and soft commodities and the portfolio is currently circa 140% net long :
QUOTE
The Company's net long exposure is at the top end of its historical range given our view of the upside potential from current levels. However, having invested through the peaks and troughs of several commodity cycles we strongly believe that at this juncture we are correctly positioned. Our investment approach is based on the ability to invest actively both long and short and across equities, credit and commodities which does help insulate downside and preserve capital in what is a highly cyclical and volatile sector. There will be other times in the cycle when we expect the portfolio's net exposure to be materially lower, or possibly net short.
Similarly, our ability to focus on high conviction investment ideas across metals & mining, energy and soft commodities provides investors with a diversified and unique way to gain access to the natural resources sector compared to investing in single stocks, ETFs and indices.

Current approximate sector weightings as follows:

35% Base Metals: Mainly exposed to high-quality producers of copper and nickel globally where we see demand and supply deficits for the remainder of the decade as decarbonisation policies consume unprecedented quantities of base metals. We are of the view that equity valuations have more that 100% upside compared to prior cycle multiples.

10% Battery Metals: Mainly expressed through lithium and rare earth companies that are producing at the bottom of the cost curve and will benefit from the rapid expansion of electric vehicle penetration globally.

25% Uranium: There has been a watershed change in recent months with respect to nuclear energy's role in the global energy mix with China, the US and Europe all talking to its strategic importance in the race to decarbonise and we see 200% plus upside to the price of uranium over the medium term.

25% Precious Metals: Historically, positively correlated to rising nominal yields and inflation expectations, the precious metal sector is also trading at historic lows from an equity valuation perspective and provides an ideal counter lever to the remainder of the portfolio.

15% Oil & Gas: Key beneficiary of a rebound in growth as vaccine rollouts globally increase trade and movement leading to a higher consumption of oil. Equity valuations for the sector remain undemanding and cashflow generation is strong at current prices.

20% Infrastructure Related: Key steel making ingredients including iron ore and coking coal will be key beneficiaries of fiscal stimulus programs across the G20 and we see material upside for the equity valuations of producers who are trading well below prior cycle multiples. As an example of this we see BHP trading to over $100 per share during this cycle.

10% Soft Commodities & Renewables: This part of the portfolio has been increasing and will likely become larger over coming quarters. In prior cycles soft commodities have tended to lag hard rock commodities but subsequently outperform. We appear to be in the very early stages of this playing out.

with a market cap of $125million, the LIC is currently trading about 10% below NTA
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nipper
Posted on: Apr 18 2021, 12:00 PM


Group: Member
Posts: 8,850

Sandon Capital Investments Ltd (SNC)'s principal activity is investing for profit. It is a listed investment company whose assets are managed by an external investment manager, Sandon Capital Pty Ltd..

Sandon Capital is an activist value manager. It seeks to buy investments at prices the Manager considers are below the intrinsic value of those investments. It looks for investments with high levels of tangible assets, marketable securities or cash, although investments may not always have these characteristics. The Manager deploys a range of activist strategies aimed at realising or improving the intrinsic value of those investments. The Manager may also take advantage of other market opportunities where it considers there are reasonable prospects for a satisfactory return.

The Company may invest in cash, term deposits, unlisted and listed securities and debt instruments.

Recently paid a 2.5c ff dividend. The company states; current dividend level strikes a balance between paying dividends and retaining capital for reinvestment and growth. There is a suggestion that with a high yield and trading at a discount to NTA that an opportunity to either close the gap or attract an offer, exists.
QUOTE
... SNC shares currently trade at yield of 5.6% (7.6% grossed up for franking) and a discount of 8.6% to 28 Feb 21 pre-tax NTA
... SNC has franking credits equivalent to 10.1 cps and profits reserves of 19.4 cps


Portfolio snapshot ... Top 5 Listed positions:
 Fleetwood Corporation Ltd (14.2%)
 Spectra Systems plc (11.2%)
 COG Financial Services Ltd (9.0%)
 BCI Minerals Ltd (7.0%)
 Coventry Group Ltd (4.3%)
  Forum: By Share Code

nipper
Posted on: Apr 18 2021, 08:05 AM


Group: Member
Posts: 8,850

QUOTE
Top international law expert warns of Morrison government’s failure to act on UN ruling on stranded citizens, as deaths reach three million.
..
  Forum: Off Topic Chat

nipper
Posted on: Apr 17 2021, 04:20 PM


Group: Member
Posts: 8,850

whats is a decade , but a study in obmutescence?

in June 2011, the old HXL delisted because its share volumes and share price were low and the price did not reflect the commercial and technical progress made by the company - the implied market cap hindered the ability to "derive value" from the technologies.

But those technologies seem to have slipped off into the night. The new (revitalised, restructured, recapitalised?) HXL listed on the ASX early December 2020. Came on at 20c but, to date, has not reached that number since. Last trade 17c.


Hexima Limited (HXL) is a biotechnology company actively engaged in the research and development of plant-derived defensin peptides for applications as human therapeutics. Its lead product candidate, HXP124 applied in a topical formulation, is a potential new prescription treatment for toenail fungal infections (or onychomycosis). Hexima is currently conducting a 132 patient Australian phase IIb clinical trial of HXP124 for onychomycosis.
  Forum: By Share Code

nipper
Posted on: Apr 17 2021, 03:17 PM


Group: Member
Posts: 8,850

During the period (1H 21)we relocated our head office from Pyrmont in Sydney to the 3rd level of the new Gowings building on the corner of Harbour Drive and Vernon Street in Coffs Harbour. The new finance team led by 5th generation family member James Gowing have settled in well and having most of the team located under one roof again has been very well accepted. The last domino in the move up to Coffs Harbour rolled over last week with the sale of Gowings’ offices in Pyrmont, Sydney going unconditional.

At Sawtell Commons, our residential subdivision 10km south of Coffs Harbour, stage 2 is close to completion and nearly ready for land title registration and settlement. Works are progressing on stage 3, which depending on the weather should be ready for sale and settlement prior to calendar year end. In part to fund the next stage and pay out our fixed interest rate hedge we drew down a further $10 million of our revolving facility with CBA during the period. The market for residential property in Coffs Harbour has been very strong and we are cautiously optimistic about the sales for the next stage as there is a lot of demand emanating from Sydney and Melbourne, as families wish to relocate to the regions out of metropolitan areas.

The Coffs Harbour Highway bypass plan was officially approved by the Department of Planning in December 2020. Introductory works have begun and Gowings will be a major beneficiary of this project, not least of all from the significant expected shortfall in rental properties in Coffs Harbour as bypass workers move to the area.

At Surf Hardware International (SHI), the surf has been running high. Sales and earnings have been a record for the first half. SHI has been a major beneficiary of the pandemic, particularly people holidaying at home, stimulus spending and the appreciating $AUD. To reward patient shareholders the board has decided to declare a special 1c fully franked dividend from these windfall earnings.

GOWINGS- SINCE 1868
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nipper
Posted on: Apr 17 2021, 02:11 PM


Group: Member
Posts: 8,850

On December 22nd, 2015, Amalgamated Holdings Limited (AHD) changed its name and ASX code to Event Hospitality and Entertainment Limited (EVT).


Event Hospitality and Entertainment Ltd (EVT) is an Australian provider of entertainment, hospitality and leisure services. EVT has four main operating divisions, namely Entertainment, Hotels & Resorts, Entertainment Technology, and Property & investments. EVT conducts its operations in Australia, New Zealand and Germany.
Market cap $1.9 billion. Was doing OK with increasing revenue, regular earnings, RoE around 10, until Covid hit.
  Forum: By Share Code

nipper
Posted on: Apr 16 2021, 08:35 PM


Group: Member
Posts: 8,850

and news on Barrambie Titanium and Vanadium Project (Pilot-stage, 100% NMT, MOU for 50:50 Operating JV)
QUOTE
• For environmental and economic reasons China is transitioning to feedstocks suitable for Chloride Pigment production
• Preference for high grade feedstocks such as synthetic rutile, high quality ilmenites and high grade titanium slags
• As the best mineral sands deposits are being mined out it is getting harder to source high grade feedstocks
• Need to move to further exploitation of high grade VTM deposits

Conditional MOU signed for 50:50 operating JV with leading Ti-V Research Institute IMUMR
• IMUMR has Chinese national mandate to develop upstream supply chains for strategic industries. China is half of global titanium pigment production
• IMUMR (China Geological Survey) to complete Demonstration Plant
• Subject to positive Demonstration Plant trials, Neometals and IMUMR will jointly fund Class 2 Engineering Cost Study on developing mine and concentrator in Australia and downstream processing in China
• Consider FID and proceed to negotiate 50:50 operating JV
• JV will have right to mine Barrambie for commercial consideration payable to Neometals subsidiary holding mining lease e.g. Mineralogy – CITIC – Balmoral Project


  Forum: By Share Code

nipper
Posted on: Apr 16 2021, 06:42 PM


Group: Member
Posts: 8,850

AMP .... record low shareprice.... closing at $1.19
  Forum: By Share Code

nipper
Posted on: Apr 16 2021, 05:28 PM


Group: Member
Posts: 8,850

The focus of LRF is on the period from discovery to reserve definition in the junior resource sector. The Manager operates through an Investment Committee which incorporates the experience and knowledge of individuals who have direct working experience in the minerals and energy industries, geosciences, broking, banking, and funds management.

QUOTE
The fund is not frightened to take profits and will realise investments once targets are reached or can no longer be achieved

LRFM prefers to keep holdings to < 5% of any company (although recently, there are several goldies above this level)
Allows a range of exit alternatives in relatively illiquid stocks  In a boutique fund, these positions can still 'move the needle' for performance.
And today, The company has announced it will ...
QUOTE
conduct an on-market unit buy-back of up to 10% of LRT's fully paid ordinary units for a period of 12 months commencing on 16 April 2021 (buy-back). The buy-back will meet LRT's previously stated aims of enhancing unitholder returns and capital efficiency, and maintaining balance sheet flexibility to pursue future growth and investment opportunities.

The buy-back will be funded by existing cash balances and is not expected to negatively impact on LRT's capacity to operate or to fund future investments.
  Forum: By Share Code

nipper
Posted on: Apr 16 2021, 01:50 PM


Group: Member
Posts: 8,850

FSG has been preparing responses in partnership with several Local Governments to take part in the $83M Federal Government Regional Digital Connectivity Program (RDC).

This program is designed to provide significant funding for the construction of telecommunications infrastructure to areas that are not serviced today or are current poorly serviced. This program closes on 17 of November 2020, with the results being released in Q3 FY21.

The shareprice had been bouncing along between 2c and 4c from the 2017 reconstruction. The last 12 months has seen some activity, picking up some business with deals in regional areas, making alliances with big telcos, getting a WA mandate for $2million, gearing up for 5G. There has been a gradual SP risierom 6c to 9c and on the basis of this announcement today, jumped to 18c. ..... in something that appears to be ahead of schedule
QUOTE
.... announced that it has been awarded $20.475 million from the Federal Government's $82 million Regional Connectivity Program Fund (RCP). The funding is for the construction of network infrastructure across five states in 12 local government areas.


The construction phase of the projects is planned to commence in August 2021, with revenue flowing from these networks as early as H2 FY22.
  Forum: By Share Code

nipper
Posted on: Apr 16 2021, 01:32 PM


Group: Member
Posts: 8,850

and fell off the spectrum
13 April 2017; on or about this date the company consolidated its shares 1 for 50
On May 1st, 2017, Freshtel Holdings Limited (FRE) changed its name and ASX code to Field Solutions Holdings Limited (FSG).
QUOTE
FSG provides, builds and operates “true broadband networks” specifically for rural, regional and remote Australia. FSG is a licensed Australian telecommunications carrier, providing services via its own telecommunications network (trading under the brands JustISP and Ant Communications) and a NBNco Retail Service Provider.



  Forum: By Share Code

nipper
Posted on: Apr 15 2021, 10:13 PM


Group: Member
Posts: 8,850

Lowell Resources Fund (LRT) listed in April 2018. As a Listed Investment Trust (LIT), is focused on generating strong absolute returns from the junior resources sector. Its experienced team of fund managers has many years of experience in this high risk, high reward sector. Lowell Resources Fund Management (LRFM) manages the portfolio of exploration and development companies operating in precious and base metals, specialty metals and the oil and gas space.
The market cap is only $50 million. Since listing, LRT had an unspectacular first two years ..... but since April 2020, for both in price action and NTA, the returns have been great. Latest NTA for 07 April was $1.70 so the shareprice has not kept up with stated AUM (it is selling at a discount).

The latest Monthly Report is well worth having a look at
QUOTE
Performance Comparison

In the 12 months to 31st March 2021, the Lowell Resources Fund spectacularly outperformed the benchmark, by over 170%. The S&P/ASX Small Resources Index (XSRD) return of 59.7% pa compared to the Fund's remarkable 233.8% 12month change in underlying net asset value per unit (inclusive of distributions and after fees and expenses.

Top Ten holdings:
Lefroy Exploration (Gold) ....... 7.2%
Predictive Discovery (Gold) .... 6.8%
Musgrave Minerals (Gold) ....... 6.1%
De Grey Mining (Gold) ..............6.1%
Centaurus Metals (Nickel) ....... 5.3%
Talon Metals - TSX (Nickel) ...... 5.2%
Genesis Minerals (Gold) .......... 4.6%
Cash ........................................ 4.3%
Caravel Minerals (Copper) ....... 4.2%
Karoon Energy (Oil & Gas) ........ 3.0%
  Forum: By Share Code

nipper
Posted on: Apr 15 2021, 08:40 PM


Group: Member
Posts: 8,850

On May 19th, 2020, Caltex Australia Limited (CTX) changed its name and ASX code to Ampol Limited (ALD).


An old name, resuscitated but not from desire but of necessity. A bit of history
QUOTE
26 Nov 2019, Caltex revealed that it had received an unsolicited, conditional, confidential, non binding and indicative proposal from Alimentation Couche-Tard. offering to acquire Caltex by way of scheme of arrangement at an indicative cash price of $34.50 per share less any dividends.

Caltex announced that its board has concluded that the proposal undervalues the company and does not represent compelling value for Caltex’s shareholders.
There was always a bit of tug and push, before, as Caltex had the arrangement with Woolworths with many but not all of their service stations, to run the WOW discount petrol offer. Also the nature of service stations is changing, from suburban garage outlet to large retail outlets on main roads, and without specialist mechanical offerings. Witness 7-Eleven and Coles Express muscling in. It jhas become a volume thing. Discounts, pricing cycles, ACCC monitoring.
and then, Chevron, the owner of the Caltex brand, bought Puma and made the move to rebrand Puma as Caltex. Chevron declined to continue licensing the brand to other servo's / convenience stores .... and so there has been a bit of a rush to reintroduce Ampol.

I think that is what is happening. Saw my first Ampol sign today . Cannot wait for Golden Fleece .


And how is the company going? Costly process to rebrand because that would also imply fit-out upgrades ... all about image. Chevron pressing them to get it done. Otherwise, it is all about petrol margins, ad spend, fries with that. A competitive market.
  Forum: By Share Code

nipper
Posted on: Apr 15 2021, 04:30 PM


Group: Member
Posts: 8,850

have not been following DUB .... but it seems to be emerging as a niche telco player

Steve McGovern, the cofounder and chief executive of global voice recording software provider Dubber Corporation, is the latest in a long line of entrepreneurs to emerge from the Australian telecommunications sector.

Dubber is not only the fastest-growing telco-related, cloud-based software company in Australia, it is also carving out a strong position in the United States and Europe.

At least one analyst, Jonathon Higgins at Shaw and Partners, has likened Dubber's potential growth trajectory to the growth rates seen in the buy now, pay later space. Higgins says Dubber's revenue will triple over the next two years, having already tripled in the past two years.

Dubber on Wednesday extended the footprint of services by making available to its telco clients voice recording of Zoom video and Zoom phone services. It already offers cloud-based recording of Microsoft Teams calls, and it is the only call-recording platform in Cisco Webex.

McGovern and his Dubber co-founders James Slaney and Adrian Di Pietrantonio differ from other prominent telco entrepreneurs because they owe their business opportunity to increased regulation.

Their business began when Optus entered into an undertaking with the Australian Competition and Consumer Commission to record all its in-bound call centre traffic. This regulator catalyst for creating a start-up is in sharp contrast to the enduring theme of telco entrepreneurs over the past quarter of a century who created businesses on the back of deregulation.

QUOTE
One of the reasons [telco] entrepreneurs were so successful was because of the natural tendency for Australian small businesses and consumers to give new entrants a go. They were motivated by the lack of choice from the incumbents.

Another critical piece of the puzzle was that public markets embraced challenger telcos. Investors were willing to make capital readily available because the returns were so high.

Dubber is a good example of this. It has raised $51 million in capital since listing on the ASX in 2015, and its shares have trebled in the past year. The funds were used to finance growth, including expansion in the US and Britain.

McGovern says the ASX listing did more than just open the door for capital. It gave the company credibility when it went to the US to pitch its services to two of the world's largest telcos, AT&T and Verizon. Both are now using Dubber's services.

I think having the ASX as our stock exchange has been important because of the flexibility and accessibility to capital, he says. You know, we go to Verizon, we go to AT&T, and it saves us months of procurement around the veracity of our company. And, obviously, hopefully, as we need to grow the company, we know we've got access to investors. But it has got credibility as well. The ASX gives the capacity to grow a global business, and I don't think we'd be able to do this without having the ASX profile.

The Dubber business model is pretty straightforward. It sells a native cloud solution that is offered as a software-as-a-service. The product appeals to companies wanting to monitor conversations in call centres or for broader recording of staff conversations.

Voice recording, which has been common in bank dealing rooms for decades, has become an important component of regulatory supervision across most aspects of banking. Compliance obligations are forcing institutions to not only record conversations with customers, but also search the recorded data for potential breaches of the law.

When telcos sign up for the Dubber service, they offer it to their customers, who are charged about $7.50 to $8 a month for each user. The company said a year ago it would double in size within three years, and it is ahead of schedule.
...
QUOTE
McGovern says Dubber has 350,000 users, and Higgins at Shaw and Partners says annual recurring revenue is about $30 million.

Higgins says Dubber has a total addressable market of about 100 million potential users, and he forecasts the company will have about 870,000 users by 2024.

The company has won the support of two savvy fund managers. Thorney Investment Group became a substantial shareholder during a $6.3 million capital raising in 2016 and now owns about 6 per cent. Regal Funds Management owns about 5 per cent.

In keeping with many successful start-ups, Dubber was a little ahead of its time. Its first software was built to be native to the Amazon Web Services cloud when AWS services were not available in Australia.

At that time in 2011, voice recording services were dominated by vendors who sold a package that included installation of software on a separate server. In essence, it involved selling boxes.

The move to the cloud has been a boon for Dubber and companies offering similar services because the voice recording product is secure, scalable and offers a significant saving compared to the old way of doing it.

McGovern says the combination of a strong engineering culture, strong product development and good marketing have made the Australian telco sector a fertile ground for entrepreneurs.

He says Telstra, which happens to be a client, has been a positive influence on the telco ecosystem because of its engineering excellence and ability to move with technology trends faster than its larger overseas peers.

McGovern says Telstra's strong balance sheet meant it could invest in new products and support innovation through investment in start-ups, which is done through Telstra Ventures....
  Forum: By Share Code

nipper
Posted on: Apr 15 2021, 09:55 AM


Group: Member
Posts: 8,850

Share Purchase Plan approximately 34% oversubscribed, raises approximately $1.61 million
• Significantly strengthened balance sheet, with indicative post-capital raising and post SPP cash position of ~$11 million (cash and term deposits as at 31 December 2020: $5.4 million)

And ...Board has decided to accept oversubscriptions to enable all interested shareholders who applied before the SPP’s closure to participate.
  Forum: By Share Code

nipper
Posted on: Apr 15 2021, 08:30 AM


Group: Member
Posts: 8,850

from SG front page .... an interesting turn of events, if true.
https://www.sharecafe.com.au/2021/04/14/ret...s-with-a-rider/

QUOTE
Gold miner Resolute has regained its Bibiani gold mining lease in Ghana but unfortunately, that is all it has gotten back. The Ghanaian government terminated the lease last month with no notice and no apparent reason.

But yesterday Resolute told the ASX the lease had been returned ... but with conditions.

One of those conditions placed on the restored lease explains the original decision; the government has retained control over who can buy the lease and in effect has, for the time being, stymied the plan by Resolute to sell the lease to a Chinese company for $US105 million.

The government told Resolute that it cannot sell the Bibiani project to China’s Chifeng Jilong without “express permission”.

That means the government was upset at Resolute’s move last December to see the lease. The company seems to have needlessly upset the government.

In agreeing to return the lease, the Ghanaian government said it did not recognise Resolute’s purported $US105 million sale of the Bibiani Gold Mine to Chifeng Jilong Gold Mining Co, as announced in December.

Ghana also “objects to the purported sale or transfer to Chifeng”, and said that the creation of any interest in the mine to Chifeng or any third party will be deemed invalid without the express prior approval of the government.

Resolute must also submit to the Ghanaian Minerals Commission an environmental report on the mine and a detailed plan for its redevelopment.

Resolute says it intends to comply with the conditions imposed by the Minister.

“We are very pleased to have come to a quick and amicable resolution which provides clarity and confirmation of (our) mining lease at the Bibiani Gold Mine,” Resolute’s interim CEO Stuart Gale said.

Mr Gale said he was looking forward to working with the minister and the Minerals Commission to identify a development option at Bibiani which sees the mine resuming production as quickly as possible.

He also thanked Chifeng “for their patience during this process.”

“We look forward to continuing the working relationship which has been developed since announcing the sale in December,” Mr Gale said. “We remain committed to the development of Bibiani and will consider all options available to achieve this.”

It seems Resolute now wants to be the owner.

That was a decision investors were happy with – Resolute shares bounced more than 14% by the close yesterday, ending at 54 cents.

  Forum: By Share Code

nipper
Posted on: Apr 14 2021, 04:30 PM


Group: Member
Posts: 8,850

On 30 May 2016, STW Communications Group Limited (SGN) changed its name and ASX code to WPP AUNZ Limited (WPP).

WPP AUNZ (WPP) is a group of 60 marketing & advertisement companies in the field of communication, experience, commerce & technology that collaborate to create worldclass customer experience and drive growth for clients
. Market cap $550 million .... but will probably disappear soon
QUOTE
proposed acquisition by WPP plc, via Cavendish Square Holding B.V. (an indirect wholly-owned subsidiary of WPP plc), of all of the WPP AUNZ shares that it does not already own by way of scheme of arrangement.
  Forum: By Share Code

nipper
Posted on: Apr 14 2021, 04:00 PM


Group: Member
Posts: 8,850

numbers for GC1 at the end of March
NTA (before tax)* .... $0.95
NTA (after tax)** .... $0.92
Share price ........... $0.77
Cash Weighting ...... 4.15%
Number of Holdings ... 33
  Forum: By Share Code

nipper
Posted on: Apr 14 2021, 02:01 PM


Group: Member
Posts: 8,850

put in for 10,000 in the SPP .... got 2,800 shares. Scaleback refund promptly in bank overnight.
  Forum: By Share Code

nipper
Posted on: Apr 14 2021, 12:39 PM


Group: Member
Posts: 8,850

Glennon Small Companies Limited (GC1) provides investors with an opportunity to invest in a small & micro-cap investment portfolio, targeting up to 60 local equity securities. The Company's investment investors with exposure to a portfolio of smaller companies and to do this through a dedicated specialist small companies investment manager.

... although the mix of assets is interesting, the company, which listed in 2015, only has a market cap of around $35million. It pays a regular ff dividend, yield close to 4%, but is trading at a discount to the NTA of more than 20 percent.

Top holdings (alphabetical order)

Adairs (ADH) is a leading specialty retailer of home furnishings in Australia and New Zealand with a national footprint of stores across a number of formats and a large and growing online channel. Their strategy is to present customers with a differentiated proposition, which combines on-trend fashion products, quality staples, strong value and superior customer service.

Frontier Digital Ventures (FDV) is a leading owner and operator of online marketplace businesses in fast growing emerging markets.

Healthia Limited (HLA) is an integrated group of health-based companies whose mission is to enrich the lives of people through worldclass health services. Services include podiatry services, physiotherapy services, hand and upper limb rehabilitation, orthotic manufacturing, and podiatry and foot care products distribution.

Johns Lyng Group Limited (JLG) is an integrated building services group delivering building and restoration services across Australia. JLG's core business is built on its ability to rebuild and restore a variety of properties and contents after damage by insured events including impact, weather, and fire events

Lovisa Holdings Limited (LOV) is a fast fashion jewellery retailer in a number of international markets. Lovisa provides fashion with different earrings, hair bands, necklace, wrist and ring and body fashion.

Pacific Smiles Group Limited (PSQ) operates dental centers at which independent dentists practice and provide clinical treatments and services to patients. Revenues and profits are primarily derived from fees charged to dentists for the provision of these fully serviced dental facilities.

Reece Limited (REH) is a supplier of plumbing, bathroom, heating, ventilation, waterworks, air conditioning and refrigeration products with operations in Australia, New Zealand and the US. Reece Limited activities include importing, wholesaling, distribution, marketing and retailing.

Resimac Group Ltd (RMC) is a leading nonbank residential mortgage lender and multichannel distribution business. It operates under a fully integrated business model comprising origination, servicing and funding prime and nonconforming residential mortgages in Australia and New Zealand.

Viva Leisure (VVA) operates health clubs (gymnasiums) within the health and leisure industry. Viva Leisure offers customers several different membership options and a range of different types of facilities from big-box fitness facilities to boutique fitness facilities. The Company currently operates 102 health clubs with the master franchise for the Plus Fitness group of approximately 200 clubs.
  Forum: By Share Code

nipper
Posted on: Apr 14 2021, 09:44 AM


Group: Member
Posts: 8,850

with the introduction of a fourth shareholder, the Latiude float should happen now ...... likely to be 20 April
QUOTE
The sale of 10 per cent of Latitude Financial Group to Japan’s Shinsei Bank paves the way for the country’s largest non-bank consumer finance business to list on the ASX without having to sell a single share.

Now LFS will have 4 shareholders: Shinsei, KKR, Deutsche Bank and Varde Partners. The $3 billion company now has 28 per cent of its share register classified as “free float”. Under ASX rules, a company with a free float of more than 20 per cent can list without the need to sell stock to new investors. Latitude had an 18 per cent free float before the Shinsei deal thanks to institutional investors switching their stock from a private equity fund to direct ownership.

This means it can go ahead with an initial public offering by way of a compliance listing and avoid the problem it faced in 2019 when an IPO was pulled because local institutions would not stump up $1.2 billion.


Latitude makes about $1 billion in operating income a year, more than $200 million in annual cash profit and has north of $8 billion in loan receivables
..

  Forum: By Share Code

nipper
Posted on: Apr 14 2021, 09:21 AM


Group: Member
Posts: 8,850

hit the boards on Tuesday. ... opened at 52c, climbed to 64c midday then closed at 52c. IE doubled from issue price. Nice stag for some

QUOTE
Island Pharmaceuticals lists on the ASX following oversubscribed A$7.5m IPO

Mid-clinical stage drug development company, Island Pharmaceuticals lists under code ILA
• Drug repurposing strategy enables rapid and efficient development of antiviral therapies
• Initial focus on mosquito borne diseases with a Phase II lead program in Dengue fever.
  Forum: By Share Code

nipper
Posted on: Apr 13 2021, 06:34 PM


Group: Member
Posts: 8,850

Bailador Technology Investments Limited (BTI) is an investment company (LIC). The Company focuses on the information technology sector, actively managed by a team with demonstrated sector expertise. Bailador provides exposure to a portfolio of information technology companies with global addressable markets. They invest in private technology companies at the expansion stage.


BTI listed late 2014, and current market cap is about $180 million. Bailador will typically invest $5-10 million into an investee company and targets minority investments alongside highly motivated founders and management who have best-in-class technology or business systems and excellent growth prospects.

Companies BTI invests in typically share the following characteristics:
• Run by the Founders
• Two to six years in operation
• Proven business model with attractive unit economics
• International revenue generation
• Huge market opportunity
• Ability to generate repeat revenue


Since Covid downturn, the SP has doubled. NTA is $1.51 At present there are 8 companies held in the fund: SiteMinder, instacluster, Straker, Stackla, Lendi, Rezdy, Brosa, DocsCorp and Standard Media Index. Cash has just been paid for DocsCorp and instacluster had a revaluation lift of 49% when a similar start-up had a cap raising, allowing for metrics to be reset (!).


  Forum: By Share Code

nipper
Posted on: Apr 13 2021, 04:01 PM


Group: Member
Posts: 8,850

ETFs listed in Australian held $102.8 billion in assets at the end of March, according to analysis of both Australian Securities Exchange and Chi-X data by ETF provider BetaShares.

The milestone comes after investors ploughed an additional $8 billion into ETFs in the first three months of 2021, taking the total investment to $46 billion in new money over the 12 months to March 31.

That represents an 80 per cent increase in flows on the previous year, which BetaShares concluded was the “most rapid growth over a 12 month period in the industry’s history”.

However, that figure includes the major contribution of the Magellan Global Fund (MGF), which was converted from a closed-end fund to an ASX-listed active ETF in November last year. MGF is the largest individual ETF in Australia by market capitalisation with $13.6 billion in assets, almost twice the $7.7 billion held in the largest passively managed fund, the Vanguard Australian Shares Index ETF.

Nonethless, the ETF market’s upward trajectory looks set to continue. BetaShares forecasted total industry assets under management to grow by an additional 25 per cent by December.

  Forum: Macro Factors

nipper
Posted on: Apr 13 2021, 02:48 PM


Group: Member
Posts: 8,850

DEL has been trading on the ASX for two days. IPO money went in at 20c, so a nice stag for some.

Shares opened at 35c, and have moved around between 32c and 42c, now 36c
  Forum: By Share Code

nipper
Posted on: Apr 13 2021, 12:59 PM


Group: Member
Posts: 8,850

looking at UBI, maybe 2014 was the beginning of the long sleep. There was one good year 2018 when Earnings were +ve but since then it seems to be eating capital again. .... But it may be waking up .... 20c to 60c in 12 months.
QUOTE
UBI is a biosensor company and world leader in electrochemical cell technology with a long history of innovation and establishing global partnerships.

UBI's biosensor technology platform has been used to deliver more than 10 billion diagnostic tests to patients worldwide generating billions of dollars in sales


The biosensor market is estimated at AUD $40 billion. Point of Care diagnostics and screening are among the key reasons for the overall increase in global demand for biosensors.

Advancements in biosensor technology and its applications include increased detection limits and miniaturization.
Recently launched Sentia, which delivers medical grade biosensor technology to the wine industry. Products include Free SO2 testing (launch Feb 21), Glucose, Fructose and Malic Acid (launch during 2021) and Acetic and Total Acid (launch during 2022). Sentia delivers testing specificity and sensitivity, significant cost savings and productivity gains to the wine industry.

Looking for a Veterinary application, to develop and commercialise a Vet blood glucose strip and meter.

They have Xprecia Stride Coagulation Analyser is a handheld device that reports PT/INR levels at the point of care with laboratory accuracy, for patients taking Warfarin. Xprecia Stride has been sold by Siemens Healthineers since December 2014. In 2019, UBI bought back the global distribution rights. There is an installed base of over 3,500 units throughout the world and Xprecia Stride is sold in 36 countries. UBI's next generation PT-INR Coagulation Analyser is currently in development.
UBI is currently performing due diligence on a number of separate technology opportunities. Each technology has the capability to increase the detection limits for our existing platform technology from Micromolar to Picomolar or better.

QUOTE
and today's news ; DIFM (Deakin U) and Swinburne have been working on the next generation of electrochemical biosensors and the Tn Antigen cancer biomarker for more than 5 years. Using UBI’s platform technology we plan to deliver a cancer biosensor capable of identifying, staging and monitoring cancer from a finger prick of blood, using a portable hand held device. The knowledge and resources of DIFM and Swinburne will help deliver this as well as fast track the development of other biosensors we are working on.

  Forum: By Share Code

nipper
Posted on: Apr 13 2021, 12:38 PM


Group: Member
Posts: 8,850

Binding Offer for 30% in Tropicana and $650m Capital Raising
  Forum: By Share Code

nipper
Posted on: Apr 13 2021, 11:41 AM


Group: Member
Posts: 8,850

Thanks for posting eb.

I prefer direct and active investments (including LICs). The proliferation of ETFs is no real help to anyone who thinks they're getting a simple answer to constructing a portfolio, as the various methodologies behind the ETFs indicates.
  Forum: Macro Factors

nipper
Posted on: Apr 13 2021, 11:15 AM


Group: Member
Posts: 8,850

another graphite story, still hanging in. Up 40% but still below earlier peaks, and likely to need more cash

another major milestone in its progress towards construction of the Lindi Jumbo Graphite Mine in Tanzania with WKT securing a US$20 million Debt Funding Facility with Tanzanian Bank CRDB.
  Forum: By Share Code

nipper
Posted on: Apr 13 2021, 09:57 AM


Group: Member
Posts: 8,850

Calix raises $5m in strongly supported Share Purchase Plan

Highlights
QUOTE
... Calix has successfully closed its Share Purchase Plan on April 8, with nearly $20m in subscriptions received.
... As a result of the strong level of support received from existing shareholders, Calix has increased the original $3m SPP to accept $5m.
... Calix's ESG investment acceleration program is now fully funded as announced on March 19, 2021, through the SPP and the $14m Share Placement to sophisticated and professional investors

So , another heavily scaled back offer.

(Holders with EFT details recorded will be paid today and should receive funds on April 14, 2021. Those without EFT details will be sent a cheque, which may take several days to process and send. )
  Forum: By Share Code

nipper
Posted on: Apr 12 2021, 09:30 PM


Group: Member
Posts: 8,850

Value investing ... to the max?! March newsletter:


Dear shareholder,
It appears "new record" is somewhat the "new normal".

In the US, the S&P 500 notched up its 20th record close for 2021 on Friday. The Dow Jones Industrial Average also closed at a record high.

Remember how investors were getting nervy about rising bond yields just a month or so ago? Well over the past week, sentiment appears to have flipped. This is despite the US 10-year Treasury bond yield still hovering near one-year highs and almost doubling since 01 January.

The point to make here is, reacting to short-term market gyrations is no way to achieve long-term wealth creation in equity markets.

Step back and stay focussed on the bigger picture.

What about that ship?
The Ever Given has motored out of the Suez Canal after initiating what was a worst-case scenario for global trade. The saga highlighted something we've been monitoring since late last year – increasing supply chain pressures.
Broadly speaking, across key industries, input cost prices have been rising, delivery times lengthening, new orders are accelerating, and inventory is tight. Ultimately these pressures could be a driver for inflation, however, the greatest driver in this respect is excess savings from stimulus and underspending in 2020 combined with pent-up demand. In the US particularly, there's a huge amount of 'firepower' that can be deployed as the country reopens.

Why does this matter for global equity investors? It goes back to those bond yields. Inflation and rising economic activity puts upward pressure on bond yields and that has implications for high-flying 'growth stocks' in particular.

As we mentioned in our last shareholder update, we think the bigger picture for bond yields is that they are on the rise.


... And what about those chips? Talking about supply chains, the global semiconductor chip shortage is showing no signs of slowing.

You may have heard about storms in Texas and earthquakes in Japan hitting semiconductor production, but again, there's a bigger picture at play.

We've been investing in semiconductors for a number of years now because we recognised significant structural growth tailwinds.

The world is digitising, workloads are moving to the cloud and 5G will facilitate a whole host of developments like better handset experiences, connected cars and autonomous driving. All of this requires more and more semiconductors to process increasingly complex tasks.

COVID has pulled forward some of these trends – think consumption of online content, e-commerce and remote working. This, combined with the rebound we are seeing in economic activity and a few supply issues, has resulted in the well-publicised global shortage.

Taiwan Semiconductor (TSMC) and Samsung Electronics are the only two companies globally that can manufacture leading edge chips for tech companies around the world. Both are top ten holdings in the APL portfolio. We think the current supply and demand equation plays nicely into the hands of these key portfolio holdings.


Volkswagen Group

VW has just become a top 3 holding in the APL portfolio. We expect it will benefit from a cyclical rebound in economic activity as economies continue to recover from COVID. It is also aggressively pursuing the EV market and we find the extreme multiple dispersion – the difference in price investors are prepared to pay - between VW and Tesla unwarranted.
  Forum: By Share Code

nipper
Posted on: Apr 12 2021, 08:22 PM


Group: Member
Posts: 8,850

the $2 cash offer is from a player
QUOTE
SS&C is a global provider to the financial services and healthcare industries, including wealth management, registered funds, hedge and private equity fund administration, transfer agency and retirement and pension fund services, including Australian Superannuation Funds. Founded in 1986, SS&C is headquartered in Windsor, Connecticut. Some 18,000+ financial services and healthcare organisations, from the world’s largest institutions to local firms, manage and account for their investments using SS&C’s products and services.

MAI up 60% today; opened at $2.03 and ended the day close to the offer, at $1.97. .... Is there a counter offer? (unlikely, IMO)
  Forum: By Share Code

nipper
Posted on: Apr 12 2021, 07:46 PM


Group: Member
Posts: 8,850

Yep. Covid 2.0 in India?
QUOTE
Stock investors lose Rs 7 lakh crore in 15 minutes! What's spooking Dalal Street.
  Forum: Investment Discussion

nipper
Posted on: Apr 12 2021, 07:04 PM


Group: Member
Posts: 8,850

MainstreamBPO (MAI) was listed on the ASX in September 2015 at 50c a share .... It is one of the largest independent fund administrators in Australia. The Company provides administration services to the wealth management sector of the financial services industry. As at March 2015 the Company had Funds under Administration of approximately $50 billion.

The Company operates three businesses:
QUOTE
FundBPO: provides fund administration services for investment managers
SuperBPO: provides superannuation administration services for superannuation trustees
ShareBPO: provides share registry services for listed companies and exchange-traded funds

As would be expected, it is very much a bread and butter business; take a clip, keep costs as low as possible and keep margins steady. So the price action was underwhelming.
On 20 Oct, 2017, MainstreamBPO Limited changed its name to Mainstream Group Holdings Limited, keeping the MAI code.
and now, 2021,
QUOTE
Mainstream is sitting on a $1.20 a share bid from offshore suitor Vistra, and has signed Vistra to a scheme implementation deed designed to see the offshore suitor take control in coming months.

However, Mainstream also negotiated go shop provision, giving it one month to solicit competing proposals. Vistra has customary matching rights during that time and options over a 19.9 per cent stake, but has said it would not stand in the way of a superior proposal.


And today ... a Superior Proposal has emerged from SS&C Technologies Holdings for $2.00 cash per share by way of a scheme of arrangement, being a 67% premium to the price per share offered by Vistra on 9 March 2021.
  Forum: By Share Code

nipper
Posted on: Apr 12 2021, 04:53 PM


Group: Member
Posts: 8,850

trading around $2.64 on Day One of reinvention....


The new Constitution was adopted by Shareholders at the General Meeting of 24 March 2021. This also allowed for the consolidation of its share capital through the conversion of every ten (10) shares into one (1) share.
  Forum: By Share Code

nipper
Posted on: Apr 12 2021, 04:47 PM


Group: Member
Posts: 8,850

Highlights

• High grade rock assay results from the Austin Gold Project in the highly prospective Murchison greenstone province of Western Australia, were returned from 3 priority prospects including:
QUOTE
....Up to 1,109 g/t gold (35 oz/t) from the Brians prospect in outcropping northwest trending veins that occur in a similar orientation to the mineralisation at the nearby Starlight, White Light and White Heat discoveries by Musgrave Minerals (ASX:MGV).
... Up to 57.1 g/t gold (1.8 oz/t) from the Teds prospect area from a small costean where the abundant and spectacular coarse gold has been previously observed associated with weathered quartz veins.
... Up to 10.2 g/t gold at the Mt Sandy prospect area from a quartz vein exposed near a historic mine adit.
• The rock assay results are extremely encouraging for the project and indicate that all three prospects will be high priority drill targets for Silver City.
• Due to the course nature of the gold observed in the field across the project, Silver City commenced an assessment of the LeachWELLTM gold assay technique.
• Recent results show the LeachWELLTM analysis show significant increase in grade in the range of 4.6-53.4% compared to conventional fire assay techniques.
• A total of 13 RC samples from a drill program in 2020 by the Vendor were also taken for the same assay techniques with results expected to be released shortly.
• A review of the detailed airborne magnetic data as well as historic geochemistry is also currently underway.


- and up 40% on the news
  Forum: By Share Code

nipper
Posted on: Apr 12 2021, 02:39 PM


Group: Member
Posts: 8,850

Renergen has announced its first helium sales agreement, with a global acting, tier-one automotive supplier, in the Company's first "Direct to Customer" helium deal.

For reasons of confidentiality, Renergen is unable to disclose its customer or details of the sales agreement, but can confirm the customer operates in the automotive sector. The landmark transaction will see a substantial volume of helium from Phase 2 placed directly to the customer through the agreement and is one of the key contracts underpinning Phase 2 development at the Virginia Gas Project.

Commenting on the significance of the Company's first helium sales agreement, Renergen Chief Executive Officer Stefano Marani said :
QUOTE
We are very proud to announce our first helium sales agreement from the Virginia Gas Project. Importantly, this contract shows the viability of accessing helium directly from the refinery by customers and Renergen diversifying its customer base beyond wholesalers.

"What really excites the team about this sales agreement is that from 2024, if you purchase a German premium brand vehicle, the overwhelming probability is that Renergen's helium will be powering the airbags keeping you safe.
  Forum: By Share Code

nipper
Posted on: Apr 12 2021, 02:00 PM


Group: Member
Posts: 8,850

QUOTE
Geoff Wilson .... has seven listed investment companies under the Wilson Asset Management (WAM) banner [and] is understood to have an eighth in the works. No.8 will be called "WAM Strategic Value" and is expected to list on the ASX via an initial public offering this side of June 30.

Wilson's team set up the holding company, WAM Strategic Value Ltd, as an Australian public company last week in a sure sign there's a new LIC brewing.

Stockbrokers are also lining up for roles selling the deal; Wilson usually taps Hamish Nairn at Taylor Collison and Morgans, and he is not one to change a successful formula without the need to.

The big question is what will WAM Strategic Value target? Wilson already has Australian large caps, small caps and microcaps covered, as well as global equities, a relatively new alternatives strategy and an active fund that trades like a small hedge fund. Any new vehicle's unlikely to overlap with the existing strategies.

If the Wilson watchers are to be believed, "strategic value" will be about trying to buy $1 worth of assets for 80¢. That's one of Wilson's favourite catchcries.

And if history is any guide, it could be about buying stakes in listed investment companies. There's dozens of LICs on the ASX boards trading at steep discounts. The worst (or best, for an activist investor) definitely fit into the $1 of assets for only 80¢ category.

Wilson's funds already have stakes in a bunch of LICs. WAM Capital, the biggest vehicle in the family, owned shares in at least a dozen LICs at June 30 last year. Its holdings included Charles Goode's Australian United Investment Company, Euroz's Westoz Investment Company, Sydney's Spheria Emerging Companies and NAOS Small Companies, and Templeton Global Growth Company.
interesting concept.... Wilson has already absorbed quite a few minnow or underperforming LICs as well as taking on companies for the franking credits ....
  Forum: By Share Code

nipper
Posted on: Apr 12 2021, 01:53 PM


Group: Member
Posts: 8,850

Sale of all mineral tenements

Highlights
Archer executes a legally binding agreement to sell all of the company's mineral tenements
• At completion of the sale, Archer will receive 50 million shares in the capital of the buyer
• Share Consideration to be distributed in-specie to Archer shareholders.
• Tenement sale and purchase is subject to certain conditions precedent, including the buyer listing on ASX and Archer shareholders' approval of the transaction and the Share Consideration distribution.
• The buyer expects to list on ASX before September 2021.
• The Company’s business is simplified with Archer to become a pure play deep technology company.
  Forum: By Share Code

nipper
Posted on: Apr 12 2021, 11:51 AM


Group: Member
Posts: 8,850

Harris Technology breaks another quarterly sale record

... HT8 up 10% as it continues to grow its biz .
QUOTE
Highlights:

• Record breaking Q3 sales of $10.4M (unaudited) compared to same quarter last year at $3.4M ... 206% year-on-year growth.
• Total revenue to March 2021 has exceeded $30M (unaudited) comparing same period last year of $7.48M .... 300% year-on-year growth.
• Gaming product sales are contributing strongly to the growth of the business.
  Forum: By Share Code

nipper
Posted on: Apr 12 2021, 11:46 AM


Group: Member
Posts: 8,850

up 8%

Test Platform and COVID-19 Test receive CE Mark approval
  Forum: By Share Code

nipper
Posted on: Apr 12 2021, 11:40 AM


Group: Member
Posts: 8,850

Since the IPO in 2014 , 3PL (then under code TPN;on 18 Aug, 2014, 3P Learning Limited changed its ASX code to 3PL) never really got to its offer price $2.00 a share. It attracted a few nibbles

Then, on 24 November 2020

Termination of Scheme Implementation Agreement with IXL and Update on BYJU’S and Blake Proposals

QUOTE
3P Learning Limited refers to its announcement on 20 November 2020 in relation to the Scheme Implementation Agreement (“SIA”) with IXL Learning, Inc. and IXL Australia Pty Ltd and the results of the Scheme Meeting. After further good faith consultations between 3PL and IXL, the parties have mutually agreed to terminate the SIA with effect from 24 November 2020.

Separately, 3PL is continuing to review and assess:
1) the Revised Indicative Proposal from Think and Learn Private Limited (BYJU’S) to acquire 100% of 3PL for a cash price of $1.50 per share, including allowing BYJU’S to progress its due diligence (please refer to 3PL announcements on 12, 17 and 18 November 2020); and
2) the unsolicited proposal from Blake eLearning Pty Ltd in relation to a potential merger between Blake and 3PL (please refer to the 3PL announcement on 20 November 2020).

And today, resignation of MD CEO, and announcement:
QUOTE
3PL TO MERGE WITH BLAKE TO CREATE A LEADING EDTECH PLATFORM


• 3P Learning Limited to merge with Blake eLearning Pty Ltd by acquiring 100% of Blake from Pascal Educational Services Pty Ltd as trustee for the Blake Sandblom Trust and the BeL Unit Trust, and KPIT Pty Ltd as trustee for the KP Investment Trust to create a leading EdTech platform (“MergeCo”)
• Blake is a privately owned, Australian-headquartered, global provider of online education products focused on pre-K to year 10 students, offering a broad range of literacy and numeracy products with a growing presence in the direct to consumer market
• The Merger will create a large scale, high growth, global EdTech platform with ownership of a comprehensive product suite and diversified channel mix
• 3PL and Blake have identified significant synergies and strategic cost efficiencies of between $7.5m - $12.5m per annum
• MergeCo will have pro forma CY20 revenue of $100.5 million and pro forma CY EBIT of $20.8 million (including annualised synergies and strategic cost efficiencies)
• 3PL will issue 137.0 million shares to the Sellers, representing 49.6% of the merged company’s issued securities
• The Merger is expected to be approximately 279% earnings per share accretive on a pro forma CY20 basis
• The Merger is subject to shareholder approval by ordinary resolution (>50%) at a general meeting



  Forum: By Share Code

nipper
Posted on: Apr 12 2021, 11:22 AM


Group: Member
Posts: 8,850

Elon Musk Leaves Vladimir Putin Stranded on Earth

Sixty years after Yuri Gagarin's historic flight, Russia's space industry can't get its act together.
https://www.bloomberg.com/opinion/articles/...ay-s-space-race


... an interesting article for the general public
  Forum: Investment Discussion

nipper
Posted on: Apr 12 2021, 10:11 AM


Group: Member
Posts: 8,850

From around the IPO time, Zebit founder and chief executive Marc Schneider said he wasn't worried about "short term fluctuations", adding that the company offered investors a different proposition to the host of BNPL players listed on the ASX, including Afterpay and Zip.
"
QUOTE
We are not very focused on valuation right now; what we are focused on is a long term commitment to this market and building valuation through execution.... "A lot of them (the BNPL companies) are focused on the same kind of market, the same consumer and replicating each other's models.
.
Zebit is targeting consumers who would normally struggle to get affordable credit, primarily in the US market. While most BNPL providers take a 2 per cent or 3 per cent commission off the total transaction value Zebit's model works differently.
"
QUOTE
We make our money through the full gross margin, with a much larger consumer set where we're not all competing for the same space in somebody else's cart," Mr Schneider said. "We have our own custom BNPL solution so we can capture the full gross margin... our gross margins are 27.5 per cent."
He added that other BNPL providers were also moving towards similar models with Commonwealth Bank-backed Klarna offering a rewards program and Zip and Sezzle offering virtual capped payments to capture their customers transactions offline.
QUOTE
Everybody is doing exactly the same thing, but really the key at the end is what is their level of differentiation from a customer standpoint that is going to allow them to have a sticky customer base?, he said. I don't think any of those guys can talk about the types of customers that we have in terms of having customers in the cadre that have been with us one, two, three, four years and spend on average $1,000 a year and shop four to five times.

Mr Schneider said Zebit had no plans to offer its products in Australia but the ASX was a solid place to raise growth capital.
QUOTE
Look somebody is going to roll up the industry eventually because the space is getting super crowded with the same offering that is not differentiated," he said. "But my focus is really on a totally separate customer base that does not qualify for those alternatives so I am not really worried about customer leakage towards those models.
  Forum: By Share Code

nipper
Posted on: Apr 12 2021, 10:07 AM


Group: Member
Posts: 8,850

Zebit Inc (ZBT) is a California based eCommerce company that gives access to a broad set of products, offered online and with the ability to pay for those products over six months without fear of incurring penalties or late fees. It operates in both retail eCommerce and financial services. Zebit sells products as an eCommerce merchant and provides the financing to customers (via an inhouse and proprietary BNPL solution) for those products over time.


.. so, another aspirant in the BNPL space. Interesting it listed on the ASX, late October 2020. The company raised A$35M issuing 65.8M shares at $1.58 (fully diluted would be 94M shares)

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

On listing, traded quickly down to about $1.05 that day and has been between $1.00 to 1.10 until late Feb. Buying since then (after 1H results?) has seen a recovery to about $1.40 a share.
  Forum: By Share Code

nipper
Posted on: Apr 12 2021, 09:01 AM


Group: Member
Posts: 8,850

On April 12th, 2021, Clean Teq Holdings Limited (CLQ) changed its name and ASX code to Sunrise Energy Metals Limited (SRL)



Looks like a refocus, to attract those ESG inflows, as much as anything
QUOTE
About Sunrise Energy Metals Limited (ASX: SRL)
Based in Melbourne, Australia, Sunrise Energy Metals is a global leader in metals recovery and industrial water treatment through the application of its proprietary Clean-iX® continuous ion exchange technology. For more information about Sunrise Energy Metals please visit the Company's website www.sunriseem.com.

About the Sunrise Project
Sunrise Energy Metals is the 100% owner of the Sunrise Project, located in New South Wales. The Sunrise Project is one of the largest cobalt deposits outside of Africa, and one of the largest and highest-grade accumulations of scandium ever discovered.


About Clean TeQ Water
Through its wholly owned subsidiary Clean TeQ Water, Sunrise Energy Metals is also providing innovative wastewater treatment solutions for removing hardness, desalination, nutrient removal and zero liquid discharge. The sectors of focus include municipal wastewater, surface water, industrial waste water and mining waste water. For more information about Clean TeQ Water please visit www.cleanteqwater.com.
  Forum: By Share Code

nipper
Posted on: Apr 12 2021, 07:42 AM


Group: Member
Posts: 8,850

Several aspects of recovery are coming through

QUOTE
Financing for earthmoving equipment has soared 133 per cent on last year while tractor financing is up 146 per cent and irrigation financing is up 217 per cent, NAB said.The bank said the upward swing is just the first leg of the spending spree underpinned by the expansion of the instant asset write off scheme that allows businesses with less than $5 billion in turnover to write off the full value of capital expenditure.

I was up in Wangaratta and Shepparton the other day and I visited a car dealership and there wasn't a single vehicle in the yard. It's the same with tractors, a NAB NAB regional and agribusiness executive said.


The exodus from the cities to the country will likewise continue according to the executive, who said many business owners with young families wanted to experience a different lifestyle.

"Previously everybody wanted to be along the coast and move to Coffs Harbour or Newcastle but now we are starting to see it inland.

NAB's lenders report clients in manufacturing are likewise gearing up for a big year ahead with an identical 130 per cent increase in financing. Demand for forklifts is up 216 per cent, while there are signs of life in the service industry as well, with financing for coffee machines up 155 per cent.
  Forum: Investment Discussion

nipper
Posted on: Apr 11 2021, 09:28 PM


Group: Member
Posts: 8,850

interesting point
QUOTE
Britain will next week become the first big country to reach 72 per cent herd immunity by vaccine and infection ... and with less than 10 blood clot deaths in the process, compared with 125,000 virus deaths. But even then the British government is not putting that at risk with any over-hasty exit from its social restrictions, showing what a long road it is out of this crisis.

  Forum: Off Topic Chat

nipper
Posted on: Apr 11 2021, 02:30 PM


Group: Member
Posts: 8,850

not getting runs on board..... all those Covid hopes pushed to 70c in first half of 2020; now 23c
QUOTE
Aeris is currently undertaking an active program of Board renewal and expansion, which we are targeting in calendar year 2021.

Further, we are now in the process of scaling up production of Aeris paper based wipes to play a role in reduction the quantity and impact of non-biodegradable plastic wipes entering the environment daily.

  Forum: By Share Code

nipper
Posted on: Apr 11 2021, 01:50 PM


Group: Member
Posts: 8,850

Imricor Medical Systems Inc (IMR) is a US based medical device company that seeks to address the current issues with traditional x-ray-guided ablation procedures through the development of MRI-guided technology. The Company's primary product offering, the Vision-MR Ablation Catheter is specifically designed to work under real-time MRI guidance, with the intent of enabling higher success rates along with a faster and safer treatment compared to conventional procedures using x-ray guided catheters.


It listed on the ASX in August 2019 and has a market cap around $240M. Last October
• Imricor raised A$28.45 million via an institutional placement at A$2.35 per CDI
• A fully underwritten security purchase plan (SPP) was offered to raise an additional A$1.55 mill


Which was about the highest the SP got to; now $2.12
  Forum: By Share Code

nipper
Posted on: Apr 11 2021, 01:13 PM


Group: Member
Posts: 8,850

2years since last IDX post... apart from the Covid plunge from $4+ to $2.00, IDX has been quietly motoring along. Now it is close to $5 and at alltime high for the 5 years on ASX. Of course, with this established presence, escrowed shares are being released

Sales are up, Earnings have increased every year though RoE has slipped in the last 12 months, from close to 20, to around 12. Dividend risen, 4c to 7c to 8c to 10c and was 9.5c for last full FY.

Industry growth rates in Australia were impacted by COVID-19 in CY20; Growth rates still materially below the long term average


• 221 reporting radiologists ... 152 employees ... 69 contractors ... 85 radiologist shareholders
• Initiated development of subspeciality workflows
• Launched IDXt, IDX's teleradiology reporting platform

• Increased Operating NPAT by 61.1% to $23.2m
• Increased operating diluted EPS by 38.0% to 11.6cps
• Declared 1H21 dividends of 5.5cps
• Completed acquisition of Ascot Radiology
  Forum: By Share Code

nipper
Posted on: Apr 10 2021, 03:05 PM


Group: Member
Posts: 8,850

Matthew Kidman (LiveWire Markets): And we all saw the vision last year, everyone lining up at the supermarkets. Who would have thought Coles, one of our big supermarkets, flat on the year? Who would have thought when the guys from Status Quo were singing prices down, down, they were going to be talking about the share price? Coles: buy, hold or sell?

Stuart Welch (Alphinity):] I think that one's a sell. They've been seeding (ceding?) a bit of market share to Woolworths, and they're certainly behind in the online strategy, which is going to require a pretty significant investment at a time when sales volumes are probably going to roll over. So I think it's a sell.

Matthew Kidman (LiveWire Markets): It's been a bad performer, Emma. Is it time to turn the red hand up or down? Buy, hold or sell?

Emma Fisher (Airlie): I think it's a buy. I think turn the red hand up. I think it's pretty well understood that they're going to have some challenging comps. The whole space will this year. And meanwhile, they've generated a tonne of cash. They've gone from net debt to net cash position. And so I think they've got a real opportunity to invest in the business and close that perennial margin gap with Woolworths and with it, the valuation gap. So I'd say buy.
  Forum: By Share Code

nipper
Posted on: Apr 10 2021, 02:56 PM


Group: Member
Posts: 8,850

Electro Optic Systems Holdings Limited has achieved a major breakthrough in laser technology which significantly advances the global effort to mitigate space debris.


The innovation involves the use of a Guide Star Laser to allow high speed adaptive optics to form laser beams that can track and move space debris at lower altitudes and faster speeds than ever previously possible. This intellectual property has been developed by EOS in collaboration with the Space Environment Research Centre, and will now be commercialised and owned by EOS, with applications including space debris mitigation and high bandwidth satellite communications.
QUOTE
SERC's aims were to reduce the rate of space debris proliferation caused by space debris collisions, and to demonstrate the potential of ground-based lasers to manoeuvre space debris so that collisions can be prevented. By leveraging the substantial existing infrastructure, facilities and research momentum of its participants, SERC was able to achieve these aims within its $62 million budget and its mission was successfully completed as planned on 31 March 2021.
  Forum: By Share Code

nipper
Posted on: Apr 10 2021, 02:08 PM


Group: Member
Posts: 8,850

raining money??

Leaning into our strengths – our pathway to a strong modern and resilient economy
QUOTE
There are manufacturing growth opportunities along the value chain in each of our National Manufacturing Priorities, with the potential to deliver long-term transformation outcomes for the Australian economy...

https://www.industry.gov.au/data-and-public...silient-economy

Funding available
QUOTE
The Modern Manufacturing Initiative is now open for resources technology and critical minerals processing projects that meet eligibility..
.
"Our Modern Manufacturing Initiative (MMI) will help position Australia not just as a global leader in the resources sector, but also in the manufacturing of the technology used, as well as turning the raw materials into value-added products," PM Scott Morrison

....The MMI initiative .... is a $1.3 billion fund to help manufacturers increase production, commercialise products and access global supply chains. While it's commendable for the government to want to support any lithium or other technology metals miners are willing to put forward, [an industry spokesperson] questions how well its road map has been thought out.

Given that Australia is already well on the way to becoming a global hub in innovative minerals processing, she's concerned that the modern manufacturing initiative outlined by the government could be decidedly unambitious. What this may indicate, she suggests , is that those responsible for developing the policy framework for the MMI initiative may not be close enough to the minerals processing industry to understand just how far it's come in recent years.

.... She also expects companies in the rare earth, and especially lithium, space to be highly favoured with this current round of funding. But given the grant process aims to fund efficient minerals extraction and processing, miners working within non-rare earth resources are also likely to receive funding, including iron ore and copper.




.... in other words, a dog's dinner.
  Forum: Investment Discussion

nipper
Posted on: Apr 10 2021, 12:19 PM


Group: Member
Posts: 8,850

06 April 2021
Battery Grade Lithium Hydroxide produced from Finniss Project Concentrate

Highlights
Scoping level test work on Finniss Project spodumene mineral concentrate sample has produced 'battery grade' lithium hydroxide monohydrate
• Customer demand for Core's high-quality concentrate and spodumene prices increasing rapidly ... Core aiming to complete new offtake deals in due course
• Core's LH satisfied all impurity specifications of the commonly referenced battery grade specification from Livent
• Conversion to battery grade LH used the conventional 'direct' flowsheet
• Excellent extraction and recovery of lithium to LH crystallisation steps (>95%)
• Core believes Finniss lithium concentrate quality suitable for the high-end Lithium Battery, Renewable Energy and EV industries
  Forum: By Share Code

nipper
Posted on: Apr 10 2021, 12:15 PM


Group: Member
Posts: 8,850

15 March 2021 ...Federal Government awards Finniss Lithium Project Major Project Status

Highlights
• Major Project Status for the Finniss Lithium Project awarded by the Hon Karen Andrews MP, Federal Minister for Industry, Science and Technology and the Hon Keith Pitt MP, Federal Minister for Resources, Water and Northern Australia
• Award of MPS provides Finniss with extra support from the Major Projects Facilitation Agency
• Construction anticipated to begin at Finniss in H2 of 2021, subject to several conditions including Final Investment Decision
  Forum: By Share Code

nipper
Posted on: Apr 10 2021, 11:34 AM


Group: Member
Posts: 8,850

and keeps on giving (or, in this instance, trying to take away)

From the AFR: ..
https://www.afr.com/companies/healthcare-an...20210407-p57h73


'It was intimidating': when companies sue analysts
QUOTE
At 9pm one Friday late last year, sharemarket analyst Anthony Di Pizio recalls, he took a call from a lawyer working for a biotechnology outfit he had just slammed in a report.

The lawyer was "threatening me with proceedings", Mr Di Pizio told AFR Weekend. "It was absolutely horrible." "It was intimidating."

Now, after almost five months of legal entanglement with the iQ Group Global, which is working on inventions from a saliva biosensor to a cancer platform, proceedings against Mr Di Pizio have been dismissed.

Filings released by NSW's Supreme Court show iQ Group, represented by Minter Ellison, had sued Mr Di Pizio on grounds including that he had disclosed "confidential information" contained in documents such as a brochure for its Ethical Bioscience Investments Fund and a capital raising services agreement.

But Mr Di Pizio's lawyers, W Advisers, had in a filing disputed that any information was actually confidential and even if so, "any such disclosure was in the public interest".

The 29-year-old analyst this week declined to discuss the details of the lawsuit nor how it was dismissed. But he maintained his criticisms of Sydney-based iQ Group triggered the action and "this dismissal within such a short period vindicates my consistent position that any concerns could and should have been resolved without proceedings being initiated".

iQ Group ... declined to comment. It told investors that orders from Justice David Hammerschlag restrained the defendants from disclosing "certain confidential information" unless available publicly otherwise.

...
This latest legal action was against Mr Di Pizio and ADS Capital, his one-person outfit. He said he was licensed to provide sharemarket research on listed Australian and US entities.

Mr Di Pizio said his prior reports had highlighted a "dire financial situation, as drawn from its annual reports and financial statements" and he was still of the view that NSX-listed iQ Group, ASX-listed iQ3 Corp and their products, such as the Ethical Bioscience fund, carried "very significant risks and investors are cautioned against investing in them".

But Mr Di Pizio said the subsequent legal action against him had incurred gross legal costs of $90,000. That was "highly significant" to a single person operation and he had had sleepless nights.

"That was a solid five months ... that (was) highly stressful," he said.

"It took up several hours per day just going through the process.

"That's time I can't serve my clients. That's time that I can't focus on extending my business."

Mr Di Pizio said he did not think it was "right that companies can sue analysts for pointing out" problems in financial statements.

"When we were reading through filings on the ASX and NSX, it was obvious that money was being shuffled around between the entities," he said.

"The fact that I could call them out, and then get sued for it – it's ridiculous and it's wrong.

"They shouldn't be able to shut someone up using the court system."

iQ Group has previously maintained its companies are "in compliance with applicable corporate law and regulations and relevant listing rules", and its audited financial statements adhere to relevant accounting standards.

Mr Di Pizio said such legal actions in general would have a chilling effect on analysis.

"If anybody went through the process that we went through it would deter them from speaking out against … public companies.

"It matters because the less we're able to say, the longer they get away with it, the bigger these companies get, and the more people that get hurt ultimately."

Mr Di Pizio maintained that he stood by his research and "there was nothing I would take back in terms of being factual".

He said he would write such a piece again – albeit seeking legal advice prior to publishing.
  Forum: By Share Code

nipper
Posted on: Apr 9 2021, 08:13 PM


Group: Member
Posts: 8,850

Lithium prices continue to push higher
Fastmarkets provides updates and commentary for recent lithium price movements. Its most recent update for the week ended Thursday 01 April highlighted:
... Lithium prices in China rise on active restocking while supply remains tight;
... Seaborne Asian lithium prices tick up on persisting tight availability;
... European and US prices post further gains on firm prices for technical-grade material.
It noted that lithium carbonate, 99.5% Li2CO3 min, battery grade, spot price range in China rose to 88,000 to 92,000 yuan (A$17,580 to A$18,380) per tonne on 1 April, up from 85,000 to 90,000 yuan (A$16,980 to A$17,980) the prior week.

Fastmarkets also said the supply for lithium carbonate was more challenging than lithium hydroxide. A consumer was quoted as saying:
QUOTE
In March, producers were not willing to make large sales because supply is quite tight; moving into April, they are increasingly less willing to sell because of the rapid rally of spodumene price.


A trader added:
QUOTE
The overall supply tightness is derived from the squeezed spodumene supply from Australia. Among all, supply tightness for lithium carbonate is most acute.
.

ASX lithium shares, including Galaxy Resources Ltd (ASX: GXY), Pilbara Minerals Ltd (ASX: PLS) and Orocobre Limited (ASX: ORE), have all managed to push higher into 2 to 3 month highs after being range-bound throughout February and March.

At the smaller end of town, explorers have been pushing out a stream of positive results, including:

Neometals Ltd (ASX: NMT) up 5% on preliminary metallurgical results.
Core Lithium Ltd (ASX: CXO) announced that it had achieved the production of battery-grade lithium hydroxide monohydrate on Tuesday, and its shares have surged 8.50% higher today
Jindalee Resources (ASX: JRL) jumped 35% higher today after a mineral resource estimate.
Piedmont Lithium Ltd (ASX: PLL) is 6% higher, with an announcement yesterday regarding a lithium resource estimate update
  Forum: By Share Code

nipper
Posted on: Apr 9 2021, 08:10 PM


Group: Member
Posts: 8,850

I think housing is ridiculous, the disparity just gets wider. A telling reflection of winners versus losers is the Bank of Mum & Dad up there in the top 10 lenders.

But the interrelationships are more complex. ..get out of synch with global currencies and the economy would be crueled. And let's not start on planning or site availability issues.

But that said, the realities keep making the forecasters look hopeless.
  Forum: Investment Discussion

nipper
Posted on: Apr 9 2021, 06:31 PM


Group: Member
Posts: 8,850

QUOTE
Listed on ASX on 18 March 2021 after raising $240M at $0.90 .... which is leaving early investors and those hoping for a stag profit underwater, as it opened at 69c, and quickly dropped to 58c. Now trading around 62c a share.

and nearly 4 weeks after listing, the interest level is low (to non existent). Stumbling along under 50c for the last 9 days, closed at 48.5c.
(DNH)
  Forum: By Share Code

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