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nipper
Posted on: Today, 04:57 PM


Group: Member
Posts: 7,259

naughty naughty

QUOTE
will be suspended from Official Quotation in accordance with Listing Rule 17.5 from the commencement of trading today, 3 August 2020, following its failure to lodge the relevant periodic report by the due date
lodged update at 3.46 this arvo
  Forum: By Share Code

nipper
Posted on: Today, 04:54 PM


Group: Member
Posts: 7,259

whoops
  Forum: By Share Code

nipper
Posted on: Today, 04:21 PM


Group: Member
Posts: 7,259

PIQ has the world's first predictive diagnostic test for diabetic kidney disease that can predict the onset of the disease up to four years in advance.
....got itself in a bit of trouble in June, with some fast n loose talk, in the Investor Presentation and had to revisit.

and since then:
Proteomics International's PromarkerD predictive test for diabetic kidney disease successfully validated in major clinical study
• Results of analysis conducted on 3,000 patients from a completed multi centre clinical trial (the CANVAS study) presented over the weekend at the 80th Scientific Sessions of the American Diabetes Association
• Data confirms previous findings that PromarkerD is able to correctly predict a clinically significant decline in kidney function up to four years in advance
• The results showed that patients predicted by PromarkerD to be at high risk of chronic kidney disease were 13.5 times more likely than the low-risk group to develop the disease, with the results showing high statistical significance.

(miss arty and his charts)
  Forum: By Share Code

nipper
Posted on: Today, 04:17 PM


Group: Member
Posts: 7,259

Kidston pumped hydro project proceding apace (escargot) and looking to be a goer.
Wind project to follow.
  Forum: By Share Code

nipper
Posted on: Today, 12:50 PM


Group: Member
Posts: 7,259

not true, Neometals is listed under NMT
  Forum: By Share Code

nipper
Posted on: Today, 12:24 PM


Group: Member
Posts: 7,259

Perth based Neometals is set to build a demonstration lithium-ion battery recycling plant in Germany as Europe continues to .. attract investment in green energy tevhnology.

Neometals and Dusseldorf-headquartered SMS Group are due to update the market about their joint venture after the passing of a July 31 deal deadline. SMS, a leading supplier of metallurgical equipment and plants, has been in an already extended exclusive due diligence process with Neometals since October after being impressed by the potential of the Australia-developed recycling technology and the performance of a pilot plant in Canada.

The interest comes as European lawmakers and others mandate recycling and industry stewardship of lithium-ion batteries that are recognised as hazardous waste and carry a storage and transport fire risk. The issue is becoming more pressing with the first wave of electric vehicle and static storage batteries due to come to the end of their life over the next few years and with a tonne of Apple batteries containing some 600 kilograms of cobalt.

The Neometals process allows the recovery of valuable battery minerals for reuse.

In its quarterly report on Friday, Neometals said SMS had successfully completed due diligence on the pilot plant performance and the two companies were now finalising definitive transaction documents for incorporated joint venture.
Neometals, which started life as a gold play, was one of the first movers in lithium in Australia. Neometals had $81.3 million in cash and no debt at June 30 as it looks build the scalable demonstration plant, starting with two tonne a day capacity, in partnership with SMS.

The memorandum of understanding between the two describes the demonstration plant operating in a hub and spoke configuration with comminution and beneficiation at SMS sites in Germany and its hydrometallurgical plant in Austria. The memorandum also contemplates SMS constructing and operating multiple commercial scale recycling plants on behalf of the venture.

Europe's strict batteries directive applies to all types of batteries and has a 45 per cent collection and recycling target by weight with reporting mandatory.
(Neo must be private ... was delisted in 2013)
  Forum: By Share Code

nipper
Posted on: Today, 10:14 AM


Group: Member
Posts: 7,259

and thanks for highlighting it. I have been looking at Cyber Security sector especially after the recent Government announcement about external players hacking systems on an industrial scale.


I hold AR9 which has done well, also looked at other listed stocks on our bourse: TNT and WHK... to me VOR actually seems a better proposition for upside.


Also there is a locally listed ETF with a code HACK, though it is mainly US companies.
  Forum: By Share Code

nipper
Posted on: Today, 10:03 AM


Group: Member
Posts: 7,259

trading .... have no clues, not for intra day stuff.

Investing ... cheap money is telling me to stay on the dance floor.
  Forum: Macro Factors

nipper
Posted on: Yesterday, 02:14 PM


Group: Member
Posts: 7,259

Most of the popular focus on Afterpay, which reports its full year results on August 27, and the other buy now, pay later stocks is on top line growth numbers. Revenue is a function of the size of the customer base and merchant network, driven by overall transactions made on the system and the average value of those transactions per user.

But more attention is focusing on the bottom line. Investors hone in on the net transaction margin. Essentially, this examines how much the company is making after bad debts, processing costs and funding costs are subtracted from the merchant and late fees revenue. It reflects that, like banks, buy now, pay later profits need to be offset by the customers who don't pay.
For now, generous government stimulus packages have been back-stopping bad debts and encouraging spending... so bad debt levels at Afterpay, Zip and the other players have remained low. Short repayment cycles and capped spending amounts for new customers help (users can get access to more credit over time after proving themselves).

In future results, investors should watch Afterpay's consumer adoption, gross merchant volume and revenue margins and form a view around where these metrics can grow to over the long term We favour Afterpay's simple and free instalment solution, which has a proven track record of rapid consumer adoption upon launch in new geographies, said an analyst

This land grab for global scale is forcing the main players into losses, which for now investors are willing to tolerate. They understand there are likely to be only be a few winners globally, and getting to scale requires serious investment in marketing, R&D and staff.
  Forum: By Share Code

nipper
Posted on: Yesterday, 01:26 PM


Group: Member
Posts: 7,259

Aboriginal model with vitiligo to debut at London Fashion Week in her mother's design


https://www.abc.net.au/news/2020-08-02/abor...london/12512812
  Forum: By Share Code

nipper
Posted on: Yesterday, 12:06 PM


Group: Member
Posts: 7,259

The Citadel Joint Venture Project with Rio Tinto commenced its 2020 exploration campaign during late May 2020. This 1,316 sq km project area is subject to a $60 million Farm In and Joint Venture Agreement with Rio Tinto, which currently holds a 51% joint venture interest. The exploration program is being operated and fully funded by Rio Tinto and will encompass the following principal activities:

... An approx. 13,000m (5,000m diamond plus 8,000m reverse circulation) resource drilling program to test potential extensions and further define and improve orebody knowledge at the Calibre deposit, located 45km from Rio Tinto’s Winu copper-gold project.
... Continuation of the Gradient Array Induced Polarisation (GAIP) Survey program across structural corridors prospective for gold and/or copper mineralisation on the Citadel Joint Venture Project tenements – prioritising areas that have had limited (or no) testing of the basement by drilling;... Processing and interpretation of the data from the airborne gravity gradiometer survey completed during late 2019 (AGG Survey); and
... An ongoing review of the Calibre drilling results and broader Magnum Dome modelling to identify further priority target areas, especially for higher-grade mineralisation

"The Winu maiden resource assessment is a significant milestone, and from AZY’s perspective this is excellent news. Having first entered the Paterson during 2011 when it was a much less sought-after exploration address, AZY used its early-mover advantage to build a strong tenement holding of ~5,200 sq km. The Winu project lies just to the west of AZY’s Citadel joint venture project with Rio Tinto.".https://www.sharecafe.com.au/2020/07/31/rio-tintos-winu-assessment-a-boost-for-antipa/
  Forum: By Share Code

nipper
Posted on: Aug 1 2020, 08:16 PM


Group: Member
Posts: 7,259

I can but I would not believe me.

They want inflation but it is not happening. Meanwhile, they do not want a depression. It is all too confusing.
  Forum: Off Topic Chat

nipper
Posted on: Aug 1 2020, 05:03 PM


Group: Member
Posts: 7,259

Novonix Is Off The Blocks In The Race To Build A 'Million Mile' Battery By Tim Boreham
QUOTE
With ten million electric vehicles forecast to roll off the production line within five years, the industry is no longer in its infancy thanks in no small part to the commercialisation efforts of Elon Musk's Tesla.

With the role of the lithium-ion battery technology well entrenched, it's now a case of continuously improving the technology to win the faith of wavering consumers worried about battery durability, performance and, crucially, cost.
Just as runners strived to crack the four minute mile in the 1950s, the electric vehicle industry has set itself an informal target of achieving a battery life of one million miles (1.6m kilometres) – roughly double the current maximum life expectancy.

As a pioneer of advanced battery materials the ASX listed technology house Novonix is playing a key role in cracking the battery equivalent of Roger Bannister's four-minute-mile in 1954.

"Our company's focus is to support long-life battery materials at lower cost," says Novonix chief operating officer Dr Chris Burns. "The growth in battery demand over the next decade is going to be huge and most of that is from electrical vehicle and energy storage systems."

Well before "pivoting" became fashionable, Novonix started out as an aspiring graphite miner, having listed as Graphitecorp in 2015. The company re-focused on downstream battery applications via the 2017 through acquiring Novia Scotia based Novonix, founded by Dr Burns and chief technology officer Dr David Stevens, and establishing PUREgraphite.

As it happened, the move was perfectly timed as it steered the company from the glutted markets for graphite and lithium, to the booming battery milieu.

Novonix's most advanced efforts are focused on PUREgraphite, its Tennessee based subsidiary. In the first quarter PUREgraphite began commercial production at its facility at Chattanooga, at the foot of the Appalachian Mountains.

"This is really our first commercial opportunity out of our research ecosystem," Dr Burns says.

Currently PUREgraphite is the only supplier of synthetic graphite for anode material in the US. Most global supply emanates from China, at a time when the coronavirus has highlighted the supply chain risks of relying on the Middle Kingdom.

According to Dr Burns, synthetic graphite is more conducive to longer battery life because of its superior purity and consistency compared with the natural product.

In order to be "battery ready", natural graphite requires multiple processes to reach upwards of 99.95 per cent purity. The synthetic product can obtain 99.999 per cent purity ... which in layman's terms is about as good as it gets.

In December last year Novonix announced its maiden deal to supply lithium-ion battery anode material to Korea electronics giant Samsung. The deal – the first one in which Samsung has sourced material outside of Asia– sees Novonix deliver 500 tonnes of material from October this year.

In January this year, Novonix followed up with a non-binding agreement to provide material to Sanyo. The two S's – Samsung and Sanyo – account for 40 per cent of the global lithium-ion battery market.

"We hope to advance both of these relationships significantly over this financial year," Dr Burns says.

Then there is the company's Battery Technology Solutions arm, which has patented a new method to make cheaper and better performing cathode materials.

The 'secret sauce' lies in the Novonix patented process called dry particle microgranulation (DPMG), which results in reduced wastage and lower costs.

DPMG involves consolidating fine materials into minute particles tens and microns wide. As a 'dry' process, it does not produce waste water and uses materials otherwise destined for the waste hopper.

"The cathode market is notably larger than the anode market, Dr Burns says. The material cost is two to three times higher and you need 1.5-2 times more kilograms per kilowatt hour of battery output than anode. It is a huge market.

Novonix's third research leg involves developing improved electrolyte systems ... another key aspect of lithium-ion batteries ... but it is a secondary priority behind the company's anode and cathode programs.

"We are in the process of filing our first patent around electrolyte systems and if we find some interesting things we will potentially use them with partners, or else license them," Dr Burns says. But the likelihood we ever become an electrolyte maker in our own right maker is quite small."

Hitherto reluctant investors have warmed to the Novonix story, with the shares rising more than five-fold since the start of April.

In part, the market's animal spirits were fuelled by unsubstantiated reports of Tesla's interest in the company. Novonix management has not commented on the rumours, but Dr Burns concedes they prompted investors to listen to the company's story "which frankly we have been telling for the last two years."

Reflecting the renewed interest investors flocked to the company's just-completed $63 million equity raising, by way of an oversubscribed institutional placement and rights offer along with a retail entitlement offer.

Of the proceeds $25.5 million will be used to tidy up the balance sheet by recouping convertible notes and repaying director loans. A further $23.5 million will be deployed to expand the Chattanooga facility to a 2000 tonnes per annum plant, with a five year target of 25,000 tpa and a ten year target of 100,000 tpa. A further $5 million is earmarked to develop the DPMG process.

On industry forecasts, the synthetic graphite anode material will soar from the current 115,000 tonnes per annum to 700,000 tpa by 2030. Electric vehicle output is predicted to rise to 10 million units in 2025 to 56m in 2040.

"Between the anode graphite and cathode market it's about a $US10 billion ($14 billion) market today, growing to $US50-100 billion over the next five to ten years," Dr Burns says.

History shows that Roger Bannister's record run was bettered after only 46 days – and the performance bar is being raised in the battery space as well.

"The demand on those materials is for high performance and low cost and that's where all our innovation is focused," Dr Burns says.
https://www.sharecafe.com.au/2020/07/30/nov...n-mile-battery/
  Forum: By Share Code

nipper
Posted on: Jul 31 2020, 08:15 PM


Group: Member
Posts: 7,259

and to think versions of this company have been around since 2001. Covid 19 has helped redefine its profile.

QUOTE
The Company continues to invest in broadening its range of environmental hygiene products, with a singular capability to provide end to end solutions to its distributors and their customers worldwide.

The AerisGuard brand is increasingly being specified by customers worldwide, including the USA Army, Saudi Aramco, NSW Health, St Johns Ambulance and many more.

Aeris is now well capitalised, building its global leadership team, and successfully increasing its supply chain and production capacity internationally. The Company [has] capability to deal with the full spectrum of vectors of contamination with environmentally friendly product demonstration validated and approval residual properties provides a platform for growth well into the future.
or something
  Forum: By Share Code

nipper
Posted on: Jul 31 2020, 04:34 PM


Group: Member
Posts: 7,259

Australian stocks notched up their fourth consecutive month of gains despite a 2 per cent sell-off on Friday.

Sold off and gained speed most of the day; Got down to sub 5900 near the end of the session but closed at 5928
  Forum: Macro Factors

nipper
Posted on: Jul 31 2020, 02:42 PM


Group: Member
Posts: 7,259

run with the winners, sell the losers smile.gif ?

(well done .... spotted it but did I buy at the appropriate time? Naw )
  Forum: By Share Code

nipper
Posted on: Jul 31 2020, 12:36 PM


Group: Member
Posts: 7,259

QUOTE
... start badmouthing the therapy and CSL will tank.


Technicals seem to not like it:
...just look at this broad top formation that CSL has been forming for the past nine months. It appears poised to break lower under $278 and head down to $250... " - Greg Tolpigin
https://www.sharecafe.com.au/2020/07/24/cra...fy-with-silver/

and the fund managers come in with their analyses:
QUOTE
Livewire Markets: Okay. We've got a couple of stocks that you both like. Can you tell me something you don't like right now?
Blake Henricks (Firetrail): Well, I'd say we are funding some of these purchases through something like a CSL where great business, but there is probably not the tailwinds that it has had over the last few years in the next little while. So that's a good funder for us.

Livewire Markets: Jun Bei, you got something that you are using to fund your Zip shares?
Jun Bei Liu (Tribeca): He took my stock! I was going to say CSL. We are not going significantly underweight, but CSL, it has done well and it is pretty expensive and its earnings are going to be downgraded. So that is a funder [for other Buys]...


Now $270, has not been this low since Oct 2019; and below the Covid panic, even.. So now we have total consensus it can only go down!! sadsmiley02.gif ...(= if good news comes, the snapback could be dramatic) wacko.gif
  Forum: By Share Code

nipper
Posted on: Jul 31 2020, 10:52 AM


Group: Member
Posts: 7,259

RFX received acceptances which totals $4.899 million for its recent Entitlement Offer (priced at 2.5c). The level of acceptances was lower than the $6.25 million that Redflow had aimed to raise and we will look to place some or all of the Shortfall over the next 90 days.

Having considered our growth plans, the Redflow Directors have determined that the applications received from shareholders under the Entitlement Offer, combined with $3.4 million cash at bank (as at 30 June 2020) and an expected R&D tax rebate for FY2020 will provide sufficient funding to meaningfully pursue Redflow strategy, with a primary focus on the accelerated development of the new Gen3 battery.

With the available resources and recognising the challenges caused by the COVID19 pandemic, Redflow will:
... Narrow its future sales focus and business development activity to support key markets (notably in Africa and our customers in Australia and New Zealand) and key applications where our energy storage batteries have achieved significant traction to date;
... Continue with development of Redflow battery enhanced features such as external housing, and Standby Power Supply mode;
... Focus development and testing for Gen3 using our Thailand and Brisbane facilities;
... Incur expenditure on retooling for volume production of Gen3 batteries based mainly on the achievement of further sales traction; and
... Continue to maintain the cost containment measures currently in place and pursue all other cost savings measures where it is prudent to do so.

In addition, as noted in its Entitlement Offer Booklet, Redflow will continue to explore strategic investment discussions and other non-equity financing options such as export financing.

a struggle to keep relevant. With other battery suppliers seeing costs fall, it is almost an exercise of running at full pace just to avoid falling behind. Cash constraints do not help, nor travel restrictions.
  Forum: By Share Code

Poll: The Banks
nipper
Posted on: Jul 31 2020, 10:28 AM


Group: Member
Posts: 7,259

Commonwealth Bank shareholders have escaped the harshest interpretation of the clampdown on dividends after the prudential regulator confirmed a new 50 per cent cap on payout ratios would only apply to second-half earnings and not the full year.

The new guidance to cap payout ratios at 50 per cent of earnings represents a softening of APRA's April edict to "defer" or "materially reduce" the payments but will hurt shareholders used to years of payout ratios between 75 per cent and 95 per cent.

The decision will see the second-half dividend payable to CBA shareholders capped at 50 per cent of earnings after collecting a normal first-half dividend before the crisis descended. First-half bank dividends that have been deferred, such as those from ANZ and Westpac however, will not be so lucky and will be subject to the new cap.

Prime Minister Scott Morrison said he welcomed the Australian Prudential Regulation Authority's announcement and its continued "fleet-footedness" during the crisis. It will ensure banks will have continued flexibility to be able to deal with the commitments that their clients have on their mortgages and business loans and things of that nature, Mr Morrison said.

Plato Investments managing director Don Hamson said while the update removed uncertainty around the payment of dividends, it was nevertheless a blow to shareholders who relied on them for income.
QUOTE
A 50 per cent payout ratio is substantially lower than the normal bank payout ratio," Mr Hamson said. “In 2019, Plato estimates that the big four banks paid 30 per cent of gross dividends, including cash dividends plus franking, of the entire S&P/ASX 200.

APRA chairman Wayne Byres revealed the new instruction in a letter to banks dated Wednesday 29 July, where he ordered the lenders to moderate payments to shareholders for the rest of the year. The letter orders banks to limit profit payout ratios to 50 per cent for the year, however a small discrepancy between the letter and accompanying media release left observers unclear whether the guidance was for the second half or the financial year initially. Mr Byres spelt out the regulator's expectations in three bullet points, saying bank boards should seek to retain at least half of their earnings when making decisions on capital distributions, conduct regular stress testing and make use of capital buffers to absorb the impact of stress.
QUOTE
Although the environment remains one of heightened risk, we now have a stronger sense of how Australia’s economy and financial institutions are being impacted by COVID-19, Mr Byres said.

He said banks faced additional challenges to their capital resilience, citing the 800,000 loans they had deferred, the broader economic impact of COVID-19 and an order from the Reserve Bank of New Zealand for banks to suspend paying dividends to their parent banks in Australia. APRA has therefore set an expectation that dividend payout ratios for ADIs will be maintained below 50 per cent for this year, he said.

The prudential regulator wants banks to deploy capital buffers to support households and borrowers throughout the crisis. In the letter it said it expected banks to demonstrate ongoing lending capacity to the regulator as well.

The order from APRA follows renewed guidance from the European Central Bank overnight to extend the dividend and buyback freeze imposed on European banks in the wake of the crisis to January 2021. As the pandemic began unfolding in April, APRA took a comparatively softer line and instructed banks to “seriously consider deferring” dividend decisions until the outlook was clearer or pay them at a materially reduced level.

Following the April guidance, about $5 billion worth of bank dividends were held back with Bank of Queensland, ANZ and Westpac electing not to pay a dividend at the first half, while National Australia Bank slashed its dividend by 64 per cent. The order will see the level dividends paid out by the banking sector slashed in comparison with previous years but the impact across the banks will be uneven due to a range of factors, including the end of their financial year and capital position.
  Forum: Investment Discussion

nipper
Posted on: Jul 31 2020, 10:20 AM


Group: Member
Posts: 7,259

Commonwealth Bank shareholders have escaped the harshest interpretation of the clampdown on dividends after the prudential regulator confirmed a new 50 per cent cap on payout ratios would only apply to second half earnings and not the full year.

The new guidance to cap payout ratios at 50 per cent of earnings represents a softening of the APRA April edict to defer or materially reduce the payments but will hurt shareholders used to years of payout ratios between 75 per cent and 95 per cent. The decision will see the second-half dividend payable to CBA shareholders capped at 50 per cent of earnings after collecting a normal first half dividend before the crisis descended.

The prudential regulator wants banks to deploy capital buffers to support households and borrowers throughout the crisis. In the letter it said it expected banks to demonstrate ongoing lending capacity to the regulator as well. .The order will see the level dividends paid out by the banking sector slashed in comparison with previous years but the impact across the banks will be uneven due to a range of factors, including the end of their financial year and capital position.

While CBA shareholders face a lower dividend this year when compared to to last year, they are in a better position than shareholders in rival banks who may have two dividends subject to the new cap. For example, last year a CBA shareholder with 10,000 shares received $43,100 in dividends across the two halves, which saw payouts of $2 a share and $2.31 a share paid. In 2020, a CBA shareholder with 10,000 shares will have already received $20,000 after the first-half dividend of $2 was paid out. Following the revised guidance, however, shareholders are in line to receive up to 93¢ a share for the second half, according to Morgan Stanley’s Richard Wiles, or total dividends of $29,300, a reduction of 32 per cent on the previous year.
  Forum: By Share Code

nipper
Posted on: Jul 31 2020, 09:54 AM


Group: Member
Posts: 7,259

here is opportunity, Mick.. Opening Indicative Price (09:54) looking at 50c
  Forum: By Share Code

nipper
Posted on: Jul 30 2020, 06:45 PM


Group: Member
Posts: 7,259

ASX MARKET RELEASE 20 May 2020
LIFX Receives A$700k in EU/UK Orders for LIFX White Smart Lights; European TV Campaign Launches
SUMMARY
● LIFX has received purchase orders to support the initial stocking requirements for LIFX White in Europe totalling nearly A$700k
● This is the single largest order for the European market that the Company has ever received, and further supports the growth goals management has for Europe in 2020
● This order will provide initial stock for the U.K., Italy, France, Germany and Spain, is expected to be replenished with subsequent orders in due course, and is incremental to orders regularly received for the Company’s remaining range of lights by European retailers
● LIFX lights to be featured in first ever European television ad campaign by Google and Tink.de starting this week.

ASX MARKET RELEASE 28 July 2020
LIFX Launches New Smart Light with U.S. Retail Partners Amazon;
SUMMARY
● LIFX will launch sales of its new low cost white smart light, the LIFX White, at Amazon (NASDAQ:AMZN) and Best Buy (NYSE:BBY) in the US on Monday
● LIFX White is a new low cost product, and forms a significant strategic component of the Company’s “Big Eight Goals” for 2020
● LIFX White is launching exclusively as a stand alone light with retail partner Amazon and LIFX.com, while it is launching exclusively in a two pack configuration with retail partner Best Buy
● The launch of this new product reinforces the Company relationships with these large retailers which sought a smart light product that could be sold in large scale quantities but that was priced for affordability and whole of home deployments.

ASX MARKET RELEASE 298 July 2020
LIFX Displaces Osram in German DIY Stores; New POS Rollout

getting traction; SP up
  Forum: By Share Code

nipper
Posted on: Jul 30 2020, 04:19 PM


Group: Member
Posts: 7,259

The Morrison government has thrown struggling lithium miner Pilbara Minerals a finance lifeline as the market for the key battery material remains in the doldrums.

The government’s $10 billion Clean Energy Finance Corporation and international bank BNP Paribas cleared some of the clouds hanging over Pilbara Minerals on Thursday by providing a new $US110 million ($153.5 million) debt facility. It is intended to replace an onerous Nordic bond with an interest rate of more than 12 per cent.

BNP Paribas is providing $US73.3 million, with the remainder coming from the CEFC at an average interest rate of 5 per cent as Pilbara Minerals gains more breathing space for its Pilgangoora mine in Western Australia.
QUOTE
This landmark refinancing of our long-term debt facilities is an outstanding achievement for Pilbara Minerals, representing the first time that a lithium raw materials player of our size has attracted conventional, syndicated project financing at such a competitive cost, CEO Ken Brinsden said. The new facilities are offered on very competitive terms, putting us in a very strong position to ride out the current soft market conditions and capitalise on the rebound in the lithium market, when that inevitably occurs.
  Forum: By Share Code

nipper
Posted on: Jul 30 2020, 03:32 PM


Group: Member
Posts: 7,259

uselessman strikes again
  Forum: Investment Discussion

nipper
Posted on: Jul 30 2020, 02:54 PM


Group: Member
Posts: 7,259

Sons of Gwalia certainly plumbed the depths, for me.
  Forum: By Share Code

nipper
Posted on: Jul 30 2020, 11:51 AM


Group: Member
Posts: 7,259

KEY HIGHLIGHTS:
QUOTE
• Vortiv on track to deliver revenue and profit growth driven by cyber security requirements of Government and financial institutions
• With 72% of Vortiv revenues coming from government and financial institutions, the Company is well positioned to offer its existing clients, solutions to the recent cyber threats. According to Government, a greater spend in cyber security is essential.
• Vortiv 25% passive investment in TSI India revised to $5.5 million. EBITDA of $2m, up 11%

VORTIV CYBERSECURITY BUSINESS
... Vortiv cybersecurity business is on track to deliver revenue and profit growth. Strong demand from customers, primarily the government and financial institutions, will enable Vortiv to deliver another quarter of
record growth. Revenue in the June 20 quarter is expected to be $3.6 to 3.8 million, while EBIT is expected to be $0.5 to 0.6 million.

... Vortiv strategy is to continue to pursue the high growth cybersecurity market. To date Vortiv is in a strong position to benefit from increased market growth driven by cyber security requirements.

... Vortiv’s focus on both government and financial institutions, which represent 24% and 48% of the company’s revenue respectively, proves to be sound as both sectors continue to invest significantly to enhance their cybersecurity technologies, especially in view of the recent cyber threats. Vortiv, which is on the supplier panel of the federal and all state governments, expects to benefit from this opportunity.
  Forum: By Share Code

nipper
Posted on: Jul 30 2020, 11:39 AM


Group: Member
Posts: 7,259

ASX has indicated that all requirements for listing have been met and that ASM’s first day of trading is confirmed to be Thursday, 30 July 2020. 12 Noon.
  Forum: By Share Code

nipper
Posted on: Jul 30 2020, 11:00 AM


Group: Member
Posts: 7,259

can we really work out where things are heading? we seem inured by headlines
QUOTE
Numbers are getting extreme again in markets:
....We had the local CPI print for the June quarter yesterday, which at -0.3% year on year was the lowest inflation read for 72 years.
... On Monday the Government issued the longest maturity bond ever, getting $36.8bn of orders for a 30 year 2051 maturity at a yield of just 1.95%;
... and this week the US has been debating that $1 trillion is not enough for the second round of stimulus to prop up its economy (in the face of weekly new jobless claims rising again for the first time since the initial spike, at 1.416m for the week).

and Fed Chairman Jerome Powell’s press conference, following the Federal Open Market Committee (FOMC) meeting has just concluded. The key takeaway was Powell’s statement: We’re not even thinking about, thinking about, thinking about raising rates. ( said the same thing on 10 June, by the way)
  Forum: Macro Factors

nipper
Posted on: Jul 30 2020, 10:40 AM


Group: Member
Posts: 7,259

did not buy this one, and for a good reason.

ID8 went for a capital raise in Feb, when it was trading around 19 to 20c range, and was in a Halt for nearly 4 months. When it returned, and Covid had reared its head during this time, they got away with an Institutional Offer of 1 new for 1 existing share at 7c . Raised all of $1.9million.

Since then, has traded on fair volume, held above the 7c level which is handy, and now around 9c. News coming out is sluggish, always talking about Tier 1 bank (HSBC) , moving into FX as well. A viable business?

(Pass)
  Forum: By Share Code

nipper
Posted on: Jul 30 2020, 10:28 AM


Group: Member
Posts: 7,259

now 43c. Up for the last 8 days of trading.

Boots and all would have been a better plan. Still in, Mick?
  Forum: By Share Code

nipper
Posted on: Jul 29 2020, 06:15 PM


Group: Member
Posts: 7,259

Meal kit distributor Marley Spoon has upgraded its full year guidance, saying a shift to online grocery shopping was driving growth in its customer base.

The group said existing customers had increased their order frequency and average size at the onset of the pandemic at the end of the March quarter and into the June quarter, with orders normalising by the end of June. As such, it said it expected 70pc year-on-year revenue growth, up from previous guidance of a 30pc lift.
QUOTE
The new customers acquired during Q2 show equally strong or better retetnion as the company normally experiences for new customer additions. This has allowed the company to continue to build up its back book of recurring revenue bsuiness in Q2, which accounts for the vast majority of Marley Spoon’s revenue.

Revenue for the quarter was up 129pc versus the previous corresponding period to 73.3 million euros ($120m), while marketing expenses declined, now 13pc of revenue versus 19pc in the pcp
  Forum: By Share Code

nipper
Posted on: Jul 29 2020, 03:17 PM


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of course, there's a story behind the development

Two of the world's largest banks, HSBC and JPMorgan, have stopped buying gold from the Perth Mint, citing potential damage to their reputation and concerns the government-owned refiner could lose its London accreditation. The black ban follows revelations in The Australian Financial Review that the mint was buying up to $200 million of gold a year from a convicted killer in Papua New Guinea and that child labour and toxic mercury were present in its supply chain....
https://www.afr.com/companies/finan...st-ba...20200724-p55f3v
  Forum: Macro Factors

nipper
Posted on: Jul 29 2020, 03:17 PM


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ddoouubbllee ppoosstt
  Forum: Macro Factors

nipper
Posted on: Jul 29 2020, 02:47 PM


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Security Matters Limited (SMX) is involved in the commercialisation of its patented technology that uses a hidden chemical-based "barcode" to permanently and irrevocably "mark" any object, be it solid, liquid or gas. The barcode is read using the company's unique "reader" to access the corresponding stored data, recorded and protected using blockchain technology.

Reader: A Reader is a patented wavelength spectral profiling system that ‘reads' Markers by detection of energy from the ‘read' object in response to an energy-ray applied to it. The Company is currently utilising a generic x-ray wave reader that is altered according to the Company's specifications to convert it to a Reader. These changes made by the Company to the reader and the Company's algorithm make the Company's detection method a unique method.

Marker: Markers are embedded sub-molecular particles applied to any raw material. Markers are embedded in the material and can only be read by designated Readers. A Reader scans for the existence of Markers. If the reading satisfies a pre-determined condition set by the Company (which can be programmed), the reader identifies the marked product and can convey information about it.

Blockchain Technology:
A ‘blockchain' is a continuously growing list of records (or blocks), which are linked and secured using cryptography. The Company can record a Marker manifestation on the blockchain and stores this information in ‘cloud storage'. Blockchain is becoming software as a service (SaaS), supplied by the leading IT companies globally.


....In news that has out a bit of a kick under the shareprice
Formation of trueGold Consortium
QUOTE
Mine-to-marketplace gold supply chain assurance solution
 SMX has entered into agreements with a wholly owned entity of Perth Mint to form the trueGold Consortium.
 trueGold will utilise SMX’s unique molecular marking technology and blockchain platform to launch what it believes to be, the world’s first fully transparent mine-to-marketplace ESG focussed gold supply chain assurance solution
  Forum: By Share Code

nipper
Posted on: Jul 29 2020, 02:44 PM


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Formation of trueGold Consortium

Mine-to-marketplace gold supply chain assurance solution
ASX listed Security Matters Ltd (SMX) has entered into agreements with a wholly owned entity of Perth Mint to form the trueGold Consortium.
trueGold will utilise SMX’s unique molecular marking technology and blockchain platform to launch what it believes to be, the world’s first fully transparent mine-to-marketplace ESG focussed gold supply chain assurance solution.
  Forum: Macro Factors

nipper
Posted on: Jul 29 2020, 02:06 PM


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QUOTE
also, we get our lithium from Australia


https://twitter.com/elonmusk/status/1286867...-gigafactory%2F
  Forum: Investment Discussion

nipper
Posted on: Jul 29 2020, 01:59 PM


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it helps give colour.

Totally agree with the sentiments; thanks for posting.
  Forum: By Share Code

nipper
Posted on: Jul 29 2020, 11:29 AM


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Shekel Brainweigh Ltd (SBW) has been developing, manufacturing and distributing advanced weighing systems for the retail and healthcare markets. Shekel Brainweigh IP includes unique digital weighing technology innovations together with highly advanced Deep Learning and Artificial Intelligence algorithms and models.

Retail: SBW produces and sells the weighing components annually for the retail OEM market with customers including Datalogic, Diebold Nixdorf, Toshiba and Fujitsu. Shekel Brainweigh's OEM solutions consist of POS systems such as checkout scanner scales; and security scales for self-checkout systems, Innovendi, The Bay and The Promotional Bay.

Healthcare: SBW's healthcare weighing systems are distributed via two channels: the OEM channel for incubator and baby warmer manufacturers; and the Company's own branded Healthweigh products, sold to medical centres, clinics, hospitals, long term care and fitness centres mainly via distributors.

Retail Innovation Division: The division has defined its mission to be To digitize on-shelf events in valuable retail insights, expressing the division strategy to focus on software, algorithms and data monetization of its expertise in digital weighing systems. Its product line includes:
PAS (Product Aware Shelf) .. the basic building block of their technology,
PAB (product Aware Bay) .. a commercial Smart Bay to be used by retailers,
Innovendi ..A smart cooler using smart shelves and functioning as independent Micro Market,
SOTER .. a non-cooler solution for DIY retailers,
The CAPSULE .. a full Autonomous Micro Market framework that allows retailers to provide full 24/7 autonomous frictionless shopping solution
  Forum: By Share Code

nipper
Posted on: Jul 29 2020, 11:29 AM


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Shekel Brainweigh Ltd (SBW)
  Forum: By Share Code

nipper
Posted on: Jul 29 2020, 11:16 AM


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Houston We Have Limited (HWH, formerly Veriluma Limited) is a technology company that operates in the prescriptive analytics sector of the Australian software industry. HWH owns a patented algorithmic process and software tool marketed under name, 'Veriluma', to deliver Predictive Intelligence capabilities to complex scenarios and decision-making processes.

Veriluma software comprises a core subjective logic based patented process or engine, accessed either via a graphical user interface (referred to as 'workbench') or alternatively it can be embedded or called as a component from within a partner's industry specific software application. The software and process provides a disciplined approach that reduces the complexity and guesswork in decision-making.It assists in defence and national security agencies to better understand and respond to terrorists, cyber attacks, health threats and hostile nations
  Forum: By Share Code

nipper
Posted on: Jul 29 2020, 10:48 AM


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I have figured out how to do a new topic
FORUMS
ASX Thread
New Topic (on RHS)
three letter code top box; company name second box, add content
enter
  Forum: By Share Code

nipper
Posted on: Jul 29 2020, 10:48 AM


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done
  Forum: By Share Code

nipper
Posted on: Jul 28 2020, 06:08 PM


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With all the nonsense out there, this about sums up my thoughts
QUOTE
I quote you one of PJ O'Rourke gems:

World Wide Web: Whose idea was it to put every fool in the world in touch with every other fool?
  Forum: Off Topic Chat

nipper
Posted on: Jul 28 2020, 05:28 PM


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from elsewhere (countrylad)
QUOTE
do not know much about this company other than it is part owner of an ATM business in India which it is looking to divest to concentrate on cyber security and cloud based serves.

I assume it is this latter activity that caught the market attention from its business update report, particularly as it is in India with possible growth opportunities.

10c in April to 27c today.

thanks for the reminder cool.gif

(I PMed the admin, but we will see)
  Forum: By Share Code

nipper
Posted on: Jul 28 2020, 04:33 PM


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Tackling Afterpay

CBA also provided further detail on its plans to take the fight to the $20 billion buy now, pay later leader Afterpay. The bank has invested $US300 million ($420 million) for a 5.5 per cent equity stake in Sweden based Afterpay rival Klarna and Mr Comyn said the pair would work closely, including referring CBA customers to help grow Klarna's share of the booming market.

QUOTE
We obviously have a lot of reach across our customer base which we are going to progressively try to integrate more tightly, and give more value to our CBA customers and likewise, make that process of signing up and integrating with Klarna easier,
Mr Comyn said.

The bank said the Klarna app had been downloaded by 270,000 Australians. Only 80 merchants have been added to the platform, including online retailer Kogan, but CBA expects this to climb. Despite the low number of merchants, Mr Comyn said the Klarna numbers were broadly in line with expectations, we have pretty lofty expectations generally.

CBA online investing arm, Commsec, is also capturing growth during a period of extreme volatility in global sharemarkets, with 400,000 new accounts established on the platform over the last year.

CommSec Pocket, a micro investing app launched a year ago that allows customers to invest sums as low as $50 in ETFs, saw a rise in activity, with $180 million invested by 100,000 users since launching last year.
  Forum: By Share Code

nipper
Posted on: Jul 28 2020, 01:55 PM


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QUOTE
WhiteHawk Limited (WHK) operates an internet based cybersecurity marketplace. The Company offers an online tool that enables small and midsize businesses to take immediate action against low to mid-level cyber-crime, fraud, and disruption.

CyberPath Solution EngineIt is a free to access customer tailored cyber risk profile that identifies existing cybersecurity gaps and matches the customer to product and solution sets of options (basic, balanced and advanced)

Vendor ExchangeIt is a living vendor online e-commerce marketplace of products and services arranged in a nontechnical and clearly understandable framework that allows small and midsize businesses to assess, shop and buy cyber solutions online.

WhiteHawk AdvisoryWhiteHawk Advisory is a cyber smart online analyst who can assist all customers (on the phone) with completing the CyberPath Solution Engine questionnaire, fully leveraging the results to make smart buying decisions, thereby taking constructive action against cybercrime and fraud that is impacting their business sector.

WhiteHawk InsightsIt helps in keeping businesses in the know of what cyber trends are directly impacting their business sector and how to protect themselves from monetary and proprietary data loss and disruption. WhiteHawk US regularly communicates with an informal network of over 3,000 midsize company executives and mid-level managers through this portal, which it considers to be potential clients if not already existing clients


WhiteHawk Limited (ASX:WHK), has been contracted by a US federal government CISO (Chief information Security Officer) to implement WhiteHawk’s Cyber Risk Radar.

News of the contract resulted in a substantial increase in the company’s share price as it soared approximately 50% at time of writing on Tuesday morning — a near 14 month high.

WhiteHawk is the first global online cyber security exchange enabling businesses of all sizes to take smart action against cybercrime.

The annual Software as a Service (SaaS) contract is a milestone contract with a Tier 1 client – a key US federal government department. It will see WhiteHawk generate base revenues of US$580,000 (A$811K) and up to an additional US$600,000 (A$839K), for a total of up to US$1.18 million (A$1.65M) for each year of the contract of $5.9 million in total. This will have a large impact on the company’s top line revenue growth.

WHK will implement its Cyber Risk Radar for the undisclosed US federal government Chief Information Security Officer (CISO).

The Cyber Risk Radar is a SaaS subscription that will monitor, identify, and prioritise both cyber and business risks of vendor companies to this US federal government department.

WhiteHawk will provide Cyber Risk Scorecards quarterly, virtually and remotely, for the department’s 150 to 300 vendors, via an integrated risk management dashboard.

This is the first US federal contract where WhiteHawk is the Prime Contractor.

Of its three other US federal department CIO contracts, WhiteHawk is a cyber solution sub-contractor to Accenture Federal, SAIC and GuideHouse (formerly PWC Federal).

As this is the first US federal contract where WhiteHawk has been nominated as the Prime Contractor, it is an extremely important development.

Terry Roberts, executive chair of WhiteHawk said of the contract, “After a very successful Proof of Value early last year, now we are putting in place our first 5-year Cyber Risk Radar contract with a sophisticated US government CIO, who will work with us to take the capabilities of our platform and virtual services to the next level.”

As Roberts stated, this contract is the result of a Proof of Value that was implemented early in 2019 across 10 vendors for the same US government agency.

Roberts recently told Yahoo Finance that she was a self-confessed “paranoid international risk professional”. More importantly, she is a 35-year veteran of the US national security and cyber intelligence community, including as a former Deputy Director US Naval Intelligence, a Department of Defence Senior Executive, and an Executive at the Carnegie Mellon Software Engineering Institute.

WhiteHawk demonstrated through automation and subject matter expertise, the status and health of suppliers using global publicly available data sources, AI analytics, and custom Cyber Analytics to assess and report on top risk indicators and vectors, areas that may require prioritised attention.

Because the Cyber Risk Radar approach is externally available data and is non-invasive, WhiteHawk does not require access to internal IT assets and configurations in order to deliver its services.

Rapidly evolving technology had already set cybersecurity up to be a major growth sector, but the sudden COVID-19 driven shift to remote work has brought this sector to the fore quicker than anticipated.

Organisations are vulnerable to malicious attempts to exploit this shift — right as their IT teams are stretched to the max and as they become increasingly dependent on the internet and a remote workforce to operate.

Yet organisations are recognising the need for ongoing risk monitoring and mitigation approach to cybersecurity — now more than ever.

Given the company’s market capitalisation of approximately $20 million, there is significant potential upside on offer here as the company continues to sign new partnerships and bring in new revenue streams in this ever changing environment.


Disclaimer: This article is sponsored content from WhiteHawk Limited (WHK)
  Forum: By Share Code

nipper
Posted on: Jul 28 2020, 01:31 PM


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This book is the new 'Moneyball' (and every investor should read it)

The subject of Maria Konnikova's terrific new tome, The Biggest Bluff, is ostensibly poker, but it has plenty of lessons for anyone who wants to make money.

by Joe Nocera

When Moneyball by Michael Lewis was published in 2003, it quickly gained a big following on Wall Street. The book is ostensibly about baseball, but it's really about how to seek out value in places others aren't looking.

"There are all these biases that infect the human mind in making intuitive value judgments," he said in one interview. The protagonist of Moneyball, Oakland A's general manager Billy Beane, takes advantage of those biases by using a data-driven methodology to find good players that traditional baseball executives tend to overlook. As a result, the A's have fielded competitive teams despite having far less money to spend on players than other franchises.

You did not have to be Warren Buffett to see how the lessons of Moneyball apply to investing. The book's implicit but easy to see message is that the most successful investors usually have a way of finding value that most investors miss. Successful investing virtually requires that skill.

Maria Konnikova's terrific new book, The Biggest Bluff: How I Learned to Pay Attention, Master Myself, and Win is, to my mind, the new Moneyball. Its subject is ostensibly poker. Konnikova, 36, is a writer with a doctorate in psychology, and she decided she wanted to learn to play poker to explore the interplay between luck and skill. There are few exercises as ready-made for such an exploration as the most popular of poker games, Texas Hold em.

What prompted her adventure, she writes, was reading Theory of Games and Economic Behaviour by John von Neumann and Oskar Morgenstern, the book that essentially created modern game theory. Konnikova was taken aback upon learning that this seminal book about strategy was largely inspired by poker. Von Neumann, a brilliant mathematician and strategist, believed that poker represented, in Konnikova's words, "that ineffable balance between skill and chance that governs life".

She adds: "If he could figure out how to disentangle the chance from the skill, how to maximise the role of the latter and learn to minimise the malice of the former, he believed he would hold the solution to some of life's greatest decision challenges."

Spoiler alert: Over the course of the year and a half the book spans, Konnikova goes from being a rank novice who doesn't know a straight from a flush to an accomplished pro who gets to final tables in tournaments - sometimes winning - and makes serious money - $US350,000 ($489,000) and counting, she told an interviewer. She even had a sponsor for a time.

How does she do it? First, she finds the perfect teacher in Erik Seidel, a poker legend who's a kind of Delphic presence in the book. He tends to guide her towards knowledge rather than imposing it, so that her poker breakthroughs feel like her own discoveries at least as much as his teachings.

Second, she goes all-in, devoting herself fully to the task at hand, even though there are many discouraging moments along the way - moments when her lack of poker smarts allow better players (usually men) to goad her into making mistakes.

And third - and this is the part that truly grabbed me - she learns a mode of thought that is vital to winning poker. This is where The Biggest Bluff intersects with Moneyball. What Konnikova has to say about thinking can also be applied to investing. "It's all about thinking well," Seidel tells her during one of their first meetings. "The real question is can good thinking and hard work get you there?"

In one of her few direct references to stock picking, she quotes the Nobel laureate Daniel Kahneman: "For a large majority of fund managers, the selection of stocks is more like rolling dice than like playing poker." He continues: "The successful funds in any given year are mostly lucky; they have a good roll of the dice. There is general agreement among researchers that nearly all stock pickers, whether they know it or not - and few of them do - are playing a game of chance."

Thinking like a poker player could well be an important way to minimise the element of chance in investing, and heighten the element of skill.

Konnikova's first lesson - and it's a painful one - is that she's going to need to lose to get better. "The benefit of failure is an objectivity that success simply can't offer," she writes. "If you win right away - if your first foray into any new area is a runaway success - you'll have absolutely no idea to gauge if you're really just that brilliant or it was a total fluke and you got incredibly lucky."

Lesson No. 2: How do you react to losing? She quotes Dan Harrington, the author of several widely read poker strategy books: "Everyone plays well when they're winning. But can you control yourself when you're losing? And not by being too conservative, but trying to still be objective as to what your chances are in the hand. If you can do that, then you've conquered the game."

And so it goes: A good poker player has to be comfortable with uncertainty - just like a good investor. She has to have a good reason for every single decision she makes. She has to be able to acknowledge mistakes - and adjust accordingly. She has to be able to shut out all the white noise while searching for meaningful patterns. She can't get too high when she wins a big pot or too low when she's on a losing streak. A player who is self-aware enough to clearly see her own strengths and weakness has a big advantage. All of these attributes are important for good investing as well.

Konnikova stresses the importance of not dwelling on bad luck - those times when you have a good hand that you played correctly but lost because your opponent got lucky when the last card was turned over. What matters is whether your decision was sound.

At one point, when she is complaining about a hand she lost, Seidel tells he doesn't want to hear the result of her hands any more. He just wants to hear her explain her decision-making. "When you're telling me hands, don't even say how it ended," he says. "I want you to do your best to forget how it ended yourself. That won't help you."

"Poker taught me not to be focused on the outcome, but on the process," Konnikova told me when we spoke a few days ago. "And that has been liberating in everyday life. It feels nice to wallow when things go wrong. Give me some sympathy! Poker just knocked that out of me. You are just wasting valuable emotional resources. It serves no purpose."

More than just about anything, Konnikova learns how to take emotions out of her decision-making. That may be the single most important thing Seidel and several other mentors taught her.

What surprised me the most is the idea that you can be taught to think in a less emotional, more rigorous way. You don't see many adults changing their thought process - and I asked Konnikova if it were really possible on a wide scale. After all, not everyone has a doctorate in psychology like she does or undertakes a task they will fail if they don't learn to think differently.

Yes, she replied, she was convinced that modes of thought could be taught. "My graduate adviser was Walter Mischel," she said. Mischel was a psychologist who conducted one of the world's most famous experiments: the marshmallow test.

That's the delayed gratification test in which children were put in a room with a treat (often but not always a marshmallow), which they could either eat right away or hold off, knowing their reward for doing so will be a second marshmallow. The marshmallow tests were conducted in the 1960s, and Mischel then followed the subjects for decades afterwards. He found that those who were able to hold off eating the first marshmallow fared better in life than those who lacked that self-control.

"There were actually two other fascinating trajectories that no one talks about," Konnikova said. "There were children who couldn't wait to eat the marshmallow, but learnt self-control later in life. And there were some who did wait for the second marshmallow but whose self-control ended up deteriorating."

Guess what? Those who were taught self-control had the same life outcomes as those who had that mindset at the start and never lost it. "A lot of these skills can be taught," she said "And the same is true of critical thinking."

Maybe it's time for investors to start learning how to play poker.

(Joe Nocera is a Bloomberg Opinion columnist covering business(
  Forum: Investment Discussion

nipper
Posted on: Jul 28 2020, 11:47 AM


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yes you are right. ESG. Tick a box. Tick several.
  Forum: Off Topic Chat

nipper
Posted on: Jul 28 2020, 10:07 AM


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it's interesting all the ASM news comes out before the IPO. doing neither of the companies any harm

Highlights:
QUOTE
• Subsequent run of pilot plant produces another 22kg of titanium metal alloy
• This test run confirms this patented metal production method uses up to 50% less energy than current commercial production methods
• Electro refining process to produce high purity (99.9%) titanium metal progressing with results expected in August
  Forum: By Share Code

nipper
Posted on: Jul 28 2020, 07:39 AM


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QUOTE
German giant BMW said executive pay would in future be tied to meeting strict targets aimed at lowering the luxury carmaker’s carbon emissions.

Speaking to reporters in Munich, chief executive Oliver Zipse said BMW wanted to reduce CO2 emissions by millions of tonnes a year by 2030 as part of its “very clear commitment” to the Paris climate agreement.

“We will report on our progress every year and measure ourselves against these targets,” Zipse said.

“The compensation of our board of management and executive management will also be tied to this.” He did not go into details about how the climate goals would affect pay, saying only that they would have a noticeable impact.
introduce a spurious concept or set of goals and you'll get manipulation and corruptive misrepresentation
  Forum: Off Topic Chat

nipper
Posted on: Jul 27 2020, 05:35 PM


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The managing director of Australia's oldest and largest investment company has described the impact of the coronavirus as worse than the global financial crisis, after reporting a 41 per cent decline in profit and being forced to draw on reserves to make up the final dividend.

Australian Foundation Investment Company managing director, Mark Freeman, said the impact of the virus crisis on everything from everyday routines to global economies felt more challenging than the GFC,
QUOTE
This feels more broad based. It is global and affecting the economy in a broader way, there are not too many industries that have been spared.

The coming distribution will see AFIC pay out more than $100 million after accounting for a large participation in its dividend reinvestment program. Reserves will fund around 4¢ of the second-half dividend but will not prop it up forever, according to AFIC. In the past we have used our reserves in tough times. Certainly we could keep it going for a little while but that will depend on performance, Mr Freeman said.

Following a review which found valuations were at an extreme low in March, the number of holdings was culled from 76 to 61 and AFIC participated in capital raisings, but believes the bargains are now long gone. Our turnover for the year was about 7 per cent which is still very low by fund manager standards, going forward it might even be lower. Telstra, we still like franked dividends and we did exit some higher yielding stocks facing structural headwinds like Suncorp, Scentre and Perpetual. We think telecommunications has longer term structural growth and felt more secure with the income flows. Mr Freeman said.

AFIC is equally bullish about the outlook for Sydney Airport and Auckland International Airport despite international travel being off the agenda for the foreseeable future. We think on a 10-year view you will look back and think, 'Well that was the opportunity to buy a high-quality piece of infrastructure at a heavily discounted price', Mr Freeman said
  Forum: By Share Code

nipper
Posted on: Jul 27 2020, 01:41 PM


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Citigroup has a SELL rating on Sydney Airport, concurring that international travel is unlikely to resume anytime soon and warning investors that the high debt levels and falling revenues will put pressure on cash flow covenants. SYD had net debt of $8.6 billion at the end of 2019 with debt running at 6.6 times earnings

Sydney Airport chairman Trevor Gerber said in May that the company had enough liquidity to manage its operations until the end of 2021.

But analysts at RBC Capital Markets say the airport could come close to breaching default levels when its debt covenants are tested in December, and that banks could push it into an equity raising if it seeks covenant waivers
  Forum: By Share Code

nipper
Posted on: Jul 27 2020, 11:52 AM


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gold futures trading at US$1943
QUOTE
I saw an estimate the other day, and I’ve spent hours looking for the source and can’t find it now, that total global financial assets are approximately $350 trillion. Tradeable gold and silver assets are approximately $2.9 trillion, or 0.8% of investable financial assets.
(If any of you can check these numbers for me I will be eternally grateful and you will receive much gratitude in return and maybe even dinner...)

What does this mean? It means that the vast majority of institutions have a tiny, tiny allocation to gold.

We all know the expression follow the money.

Who are the world’s most powerful and influential insiders?

You’re absolutely right, the central banks, and particularly now that they run the world. In fact central banks are the ultimate insiders, the mother of all insiders!

Central banks are increasing their exposure to gold as a way of reducing their exposure to negative yielding bonds and to hedge against a possible decline in the US$.

Furthermore, sovereign wealth funds see gold as an inflation hedge with a low correlation to other financial assets.

Let’s be clear the speculators are massively long gold and silver and it is severely overbought... no doubt about that.

However, can you remember a macro-economic and geopolitical environment as favourable, for gold, as the one we have today ?
Jonathan Pain
  Forum: Macro Factors

nipper
Posted on: Jul 27 2020, 11:47 AM


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What happens if Trump doesn't like the election result

https://www.scmp.com/news/world/united-stat...if-donald-trump

  Forum: Off Topic Chat

nipper
Posted on: Jul 27 2020, 11:10 AM


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A stock that divides....

QUOTE
I don’t think I can recall a company that divides Wall Street like Tesla does, hence, there was much (huge) excitement surrounding their results this week.

Here is a small sample of the various price targets, as at 23 July, for the poster child of manically irrational exuberance.

Piper Sandler ... $2,400
Oppenheimer ... $2,209
Goldmans ......... $1475
GLJ Research ... .. $87 ........this is not a typo...eighty seven dollars...put a 1 in front of their 87 and I reckon you’re getting close.

In one single day, on 20 July, the increase in the Tesla market value exceeded the total market value of Ford...read that line again. Tesla’s market value exceeds the combined market value of the following companies: GM, Ford, Fiat Chrysler, VW , BMW and Daimler Benz.

On 22 July Tesla announced Q2 net income of $104 million and its stock price soared in after-hours trading. A Q2 profit was essential in paving the way for Tesla’s inclusion in the all-important S&P 500 Index, which requires that constituent companies have four consecutive quarterly profits.

However, the company then disclosed that it had generated a profit of $428 million through the sale of so-called regulatory credits to other car companies. Tesla sells regulatory credits generated by producing more than its share of zero-emission vehicles.

Tesla announced it had sold 90,650 cars in the second quarter, up from 88,400 in Q1 and has a target of selling 500,000 cars in 2020. Toyota sold about 10.7 million cars in 2019.

As at the close this morning (Saturday) the Tesla market value is $262.8 billion and the Toyota market value is $206 billion.

Before we move on, and I don’t think I need to say this, but you may recall that some years ago I spoke about the forthcoming electrification of transportation and the inevitable seismic growth in electric vehicle sales.

My issue with Tesla is its valuation, as it assumes near total world domination of the electric vehicle market. This suggests that Toyota, BMW, VW, Mercedes, Hyundai and everyone else will not compete aggressively with Tesla, which to me is simply unthinkable and ridiculous.

As I told you last week I bought puts on Tesla, hence I am obviously talking my book, and believe the share price could fall to $1,000, if not further, and even then it would be insanely over-priced.

Robinhood (RH) investors are all-aboard the Tesla rocket .... which shows the most popular stocks on their trading platform, over the past 30 days. Some 531,512 RH investors now own Tesla stock, which is an increase of 217,308 over the past month.
Jonathan Pain
  Forum: Investment Discussion

nipper
Posted on: Jul 27 2020, 11:01 AM


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Australian Foundation Investment Company (AFI) says the expansion of market valuations is difficult to reconcile as it reported a 40.8 per cent fall in full year profits. Net profit after tax fell to $240.4 million, with investment income down due to lower dividends from companies in its portfolio and because one off items, such as the Rio Tinto and BHP offmarket buybacks last year, were not repeated.
The portfolio returned negative 3.1 per cent over the year compared to a 6.6 per cent decline in the S&P/ASX200 All Accumulation Index.
QUOTE
AFIC, as a longstanding listed investment company, has reserves that can be used in difficult times. Drawing upon these reserves, the final dividend was maintained at 14 cents per share fully franked despite the fall in income in the second half.

AFIC says the outlook remains unclear as companies face an extremely difficult operating environment, adding the outlook would be dictated by progress in suppressing COVID 19.
QUOTE
In this environment, it is difficult to reconcile the expansion of market valuations with the pressure company profits and dividends are likely to remain under

AFIC says they are content to be patient with its portfolio. A number of purchases were undertaken during the year. This included placements in National Australia Bank, Cochlear, Auckland International Airport, Oil Search, NEXTDC, Ramsay Health Care, Reece and Qube Holdings. Major additions included Goodman Group, Telstra (to bring some income into the portfolio), Macquarie Group, Cleanaway and Sydney Airport.

While there has been a reduction in the number of holdings in the portfolio over the year from 76 to 61, three new companies were added, given we consider the long term opportunity for each business to be attractive: Altium, Netwealth and Ryman Healthcare. Major sales included the complete disposal of holdings in Treasury Wine Estates, Suncorp Group, Scentre Group, Adelaide Brighton and Perpetual.

CSL was the largest holding with a 8.5 per cent weighting at June 30, followed by Commonwealth Bank (7.7 per cent) and BHP (7 per cent
  Forum: By Share Code

nipper
Posted on: Jul 26 2020, 06:43 PM


Group: Member
Posts: 7,259

The hacking of 130 high-profile Twitter accounts on Wednesday 15 July is a reminder of the growing importance of cybersecurity in the new digital age. Verified accounts including Jeff Bezos, Bill Gates, Elon Musk, and Barack Obama were targeted and used to post a scam seeking to lure followers into sending Bitcoin to the perpetrators. The majority of companies that are more vulnerable than a US$28bn social networking giant need to take notice. Working from home may increase the likelihood of a cyber breach for many companies, as employees are often working with less than optimal software and using unsecured forms of communication. According to the PwC Global Economic Crime and Fraud Survey 2020, cybercrime is the second most frequent incident of fraud.

It is not just companies that are expected to increase spending in this area. On 30 June 2020, Prime Minister Scott Morrison announced a plan for the nations largest ever investment in cybersecurity; A$1.35bn and over 500 new jobs over the next decade to enhance the cyber security capabilities. The 2019 US President Budget included a US$15bn budget for cybersecurity-related activities.

BetaShares Global Cybersecurity ETF (HACK) provides exposure to a diversified portfolio of the largest leading and emerging cybersecurity companies in the world. HACK provides a simple and cost-effective method to gain exposure to the rapidly growing global cybersecurity sector.

For full details refer to the detailed report; click on the link to download your copy.
https://www.sharecafe.com.au/2020/07/23/bel...-cyber-attacks/

are companies primarily involved in the building, implementation and management of security protocols applied to private and public networks, computers, and mobile devices to provide protection of the integrity of data and network operations.

Investment approach
HACK seeks to achieve the investment objective by providing a full replication of the Index.
The index employs a modified liquidity weighted methodology. Liquidity is measured using the 3-month average daily dollar trading volume of each Index security as of the close of trading on the last trading day in February, May, August, and November. There must be a minimum liquidity of US$1m to be included in the Index. Eligible securities must also be listed as a cybersecurity company as determined by the Consumer Technology Association (CTA) and have a minimum worldwide market capitalisation of US$250m.

Each quarter, the Index is rebalanced such that the maximum weight of any Index security does not exceed 6% and no more than 5 securities are at that cap. Next, any remaining Index securities more than 3% are capped at 3% and the excess weight is redistributed proportionally across the remaining securities.

Seems mainly USA focused: Top 10 holdings
CrowdStrike Holdings Inc 6.7%
Splunk Inc 6.3%
Broadcom Inc 6.3%
Okta Inc 6.1%
Cisco Systems Inc 5.6%
Cloudflare Inc 3.5%
Zscaler Inc 3.5%
Check Point Software Technology 3.2%
Akamai Technologies Inc 3.1%
CyberArk Software Ltd 3.1%
  Forum: Investment Discussion

nipper
Posted on: Jul 26 2020, 02:36 PM


Group: Member
Posts: 7,259

Listed last week ... up 80% on day One.


Aroa has created a biological scaffold from sheep forestomachs, which is surgically implanted to help patients grow new tissue that has been lost because of disease or injury. It already has a handful of products on the market using its Endoform platform, including scaffolds that can be used to help heal diabetic ulcers, hernias and wounds. The advantage of Aroa's products over other biological scaffolds is that they are substantially cheaper and often also stronger. The scaffolds are made in New Zealand, where sheep are plentiful and they have a unique disease-free status, and exported globally.

The $45 million raised from the listing will go towards financing Aroa's US expansion. With the Capital raise five times oversubscribed, no institution received a full allocation for what they applied. Institutional investors that bought into the IPO include Ellerston Capital, Washington H. Soul Pattinson, Firetrail Investments, Perennial Value Management, OC Funds and Regal Funds Management.

Mr Ward retains the largest shareholding following the listing with 11 per cent of the business, while New Zealand venture capital fund Movac, Movac partners Phil McCaw (who is also a board member) and Richard Abbott, and the Aspire NZ Seed Fund make up the other top five shareholders.
QUOTE
We are very early in the commercialisation of these products, Mr Ward said. Our penetration is still very low and what that means is there's a large opportunity in front of us. "Early on when a product launches, surgeons will evaluate them, but the most important thing is to get good, solid clinical data which gives people confidence in the long-term performance of the product. It's been a significant investment of time and money to develop that data
.
Long-time Aroa chairman Jim McLean said the overriding sentiment when the company listed on Friday was justifiable satisfaction.
QUOTE
What it means for us as much as anything is that this is a financing event, not a liquidity event, and now we're well financed, he said. The biggest advantage of that is being able to attract the best possible people into the business. And the plus for us from COVID is that we're seeing a lot of talented people come back to New Zealand in specialised positions that previously wouldn't have come [back] because their jobs kept them in Australia, Europe or the US.
https://www.afr.com/technology/aroa-surges-...20200724-p55f5a
  Forum: By Share Code

nipper
Posted on: Jul 26 2020, 01:44 PM


Group: Member
Posts: 7,259

QUOTE
Residents of the hamlet of Lue in NSW's Central West fear that an open-cut silver mine proposed for development two kilometres from the town may end up being as much a source of lead as it is of the precious metal.

Bowdens Silver, the mine proponent, said that silver will remain the operation's focus and that the mine, 30 kilometres east of Mudgee, is the largest undeveloped silver project in the country.

If approved, Bowdens Silver will mine silver, zinc and lead over a period of 16 years and truck the minerals through Lue and Mudgee. It predicts the silver produced during the mines life will yield 71 per cent of its revenue, while 18 per cent will be derived from zinc and 11 per cent from lead, a spokesman for Bowdens Silver


https://www.smh.com.au/environment/conserva...55f66.html?btis
  Forum: By Share Code

nipper
Posted on: Jul 26 2020, 12:45 PM


Group: Member
Posts: 7,259

Hidden gems presentation

https://www.sharecafe.com.au/2020/07/20/sel...r-presentation/

QUOTE
SelfWealth Limited (SWF) is an Australian owned and operated company which offers a solution to empower investors to make informed decisions without paying exorbitant brokerage fees. SelfWealth is Australias first peer-to-peer investing solution, providing a financial community and access to follow top investors to help members outperform. SelfWealth provides a flat fee brokerage service to its clients. It also provides easy access to investment tools, research and stock news.

Selfwealth Trading:SelfWealth Trading allows clients to trade the ASX for a flat fee of $9.50 per trade, regardless of trade size. SelfWealth Trading is free to join, and gives you access to leading insights from Thomson Reuters as well as portfolio analysis tools so you can make informed decisions on every trade.

Selfwealth Premium: SelfWealth Premium provides members with a range of performance enhancements alerts and emails, including: Access the power of the community - 30,000+ portfolios, Target portfolio - peer to peer portfolio construction, Track top performing members, member profiles receive alerts as they trade, Top stock of the day, most traded stock, community sentiment on stocks in your portfolio, Mobile phone app notifications create reliance on SelfWealth Premium with portfolio movements and other member/index activity. It is available at A$20 per month (free access provided for the first 90 days).
  Forum: By Share Code

nipper
Posted on: Jul 26 2020, 12:43 PM


Group: Member
Posts: 7,259

Hidden Gems presentation

https://www.sharecafe.com.au/2020/07/24/xte...r-presentation/
  Forum: By Share Code

nipper
Posted on: Jul 26 2020, 12:41 PM


Group: Member
Posts: 7,259

Hidden Gem presentation

https://www.sharecafe.com.au/2020/07/24/nov...r-presentation/
  Forum: By Share Code

nipper
Posted on: Jul 26 2020, 12:40 PM


Group: Member
Posts: 7,259

https://www.sharecafe.com.au/2020/07/24/nov...r-presentation/

18 minutes. Non Asian producer for EV materials
  Forum: By Share Code

nipper
Posted on: Jul 25 2020, 06:19 PM


Group: Member
Posts: 7,259

https://www.news.com.au/finance/business/te...36816d7ac384823
  Forum: By Share Code

nipper
Posted on: Jul 25 2020, 03:34 PM


Group: Member
Posts: 7,259

the one that got away?

Sellers disappeared and MKR rebounded from 22/23c to 27c in blink of an eye.
  Forum: By Share Code

nipper
Posted on: Jul 25 2020, 10:38 AM


Group: Member
Posts: 7,259

Livewire Markets: Okay. Telstra? Four per cent plus dividend yield, been investing in 5G. Buy hold, or sell?
QUOTE
Jun Bei Liu (Tribeca): I will put on a hold. I agree. Its dividend yield certainly is very defensive, especially in the face of banks and everyone else cutting dividends. But to me, it is a company whose earnings are going backwards. I think for me to go out and buy in a bullish way would only happen when competition really stabilises.

Now in early signs, Optus is not really going to compete aggressively and Telstra is putting up their prices. But now the newly formed venture, Vodafone and TPG, even though they have a lot of debt, they might have to hold cash, but they just released a new plan that is cheaper than everyone else. So there is competition there and it will take a while longer for me to feel comfortable with it.

Livewire Markets: Okay. Blake, Telstra. Buy, hold, or sell? It has been around a while. We have all been on our phones using the data.
QUOTE
Blake Henricks (Firetrail): Telstra is a buy. And the reason it is a buy is, 10 years ago, we were wondering how they were going to get rid of their declining fixed revenues. That's actually happened now. The NBN bought their network; 80 per cent of the valuation today is mobile in the infrastructure business.

If you take the mobile business, there has been a massive price war. It's been very, very damaging. In fact, we think Optus is close to breakeven once you strip out the NBN one off receipts. So you have got a competitor on their knees. As JB said, prices are starting to lift. There is a long way to go in the mobile repair on the earnings. The second thing is the infrastructure. They carved out the infrastructure business to show the quality of this business. There's optionality around potential NBN privatisation. That 4.5 per cent dividend yield is probably going to grow over the medium term. It is solid. No one wants the banks. Telstra is a buy.
  Forum: By Share Code

nipper
Posted on: Jul 25 2020, 10:38 AM


Group: Member
Posts: 7,259

Livewire Markets: Okay. Telstra? Four per cent plus dividend yield, been investing in 5G. Buy hold, or sell?
QUOTE
Jun Bei Liu (Tribeca): I will put on a hold. I agree. Its dividend yield certainly is very defensive, especially in the face of banks and everyone else cutting dividends. But to me, it is a company whose earnings are going backwards. I think for me to go out and buy in a bullish way would only happen when competition really stabilises.

Now in early signs, Optus is not really going to compete aggressively and Telstra is putting up their prices. But now the newly formed venture, Vodafone and TPG, even though they have a lot of debt, they might have to hold cash, but they just released a new plan that is cheaper than everyone else. So there is competition there and it will take a while longer for me to feel comfortable with it.

Livewire Markets: Okay. Blake, Telstra. Buy, hold, or sell? It has been around a while. We have all been on our phones using the data.
QUOTE
Blake Henricks (Firetrail): Telstra is a buy. And the reason it is a buy is, 10 years ago, we were wondering how they were going to get rid of their declining fixed revenues. That's actually happened now. The NBN bought their network; 80 per cent of the valuation today is mobile in the infrastructure business.

If you take the mobile business, there has been a massive price war. It's been very, very damaging. In fact, we think Optus is close to breakeven once you strip out the NBN one off receipts. So you have got a competitor on their knees. As JB said, prices are starting to lift. There is a long way to go in the mobile repair on the earnings. The second thing is the infrastructure. They carved out the infrastructure business to show the quality of this business. There's optionality around potential NBN privatisation. That 4.5 per cent dividend yield is probably going to grow over the medium term. It is solid. No one wants the banks. Telstra is a buy.
  Forum: By Share Code

nipper
Posted on: Jul 25 2020, 10:27 AM


Group: Member
Posts: 7,259

Livewire Markets: Okay. Blake, buy now, pay later has been all the rage. Zip. Buy, hold, or sell?
QUOTE
Blake Henricks (FireTrail): Zip is a sell. When you think about these growing markets, it generally is winner takes all. Afterpay is probably going to be the one. And the other thing we have done is we actually took all the analyst expectations for all the buy now, pay laters and what the TAM (total addressable market) is, and I will tell you what, this is going to be a huge market if they're all right. We do not think they are. It is a Sell.


Livewire Markets: Zip Co has been the laggard in the buy now, pay later space. It has only gone up 100 per cent this year. Buy, hold, or sell?
QUOTE
Jun Bei Liu (Tribeca): It is absolutely a buy for me. Well in many parts of the technology space, if the market is small enough, it's winner that takes all, but this is an enormous market. In the US, a couple of BNPL players have now, with all that investment, only penetrated 1 per cent of the US market; 8 per cent in Australia versus 1 per cent in the US. Now Zip Co just bought into that market. And now Zip has exposure to eight different markets. Now, there is Canada, there is UK. There are so many markets that could potentially be coming online. It is enormous now. And this market is real because we have seen Silicon Valley investors putting money in Zip. We' hae seen Tencent putting money with Afterpay. And potentially there will be more further M&A and activity picking up because they are taking notice that this is a real market.

So today Afterpay said they now can be sold through Google Pay, Apple Pay, all of that. QuadPay, which has been acquired by Zip, is already on there. So, the market is enormous and they bought a great platform onto it. And in terms of market cap, Afterpay at $18 billion, Zip, $2.5 billion. And Afterpay has 10 million customers. Zip has now, including the acquisition, over three, close to four million customers. So Zip has a long runway to go. By then probably Afterpay will be in the top five Australian companies, but Zip certainly will catch up quite a lot on that basis.
  Forum: By Share Code

nipper
Posted on: Jul 25 2020, 08:00 AM


Group: Member
Posts: 7,259

Further questions have been raised this week about Australia's capability to produce a vaccine quickly for mass distribution.

Some vaccine technologies, such as the mRNA technology being developed by Monash University, can't yet be manufactured in Australia.

It is because Australian medical supply and vaccine company CSL — the only company in Australia with mass vaccine manufacturing capabilities — only creates a certain type of influenza vaccine.

But it has put up its hand to move into the new areas of vaccine manufacturing.

The Prime Minister said he was confident "in the majority" of cases that CSL would be able to reproduce vaccines locally.

CSL told the ABC the UQ vaccine — which it has committed to manufacture — was its priority,

However, CSL product development vice-president Anthony Stowers said the company was committed to "leveraging [its] skills and manufacturing capabilities" to support the development of any vaccine candidate

"This includes the capacity to undertake the "downstream" aspects of vaccine production, such as processing licensed vaccine material into vials at our [facilities] in Melbourne," Dr Stowers said.

"We are exploring ways to support the manufacture of other vaccines under development and will keep discussions open."
https://mobile.abc.net.au/news/2020-07-25/c...s-form/12488762
  Forum: By Share Code

nipper
Posted on: Jul 24 2020, 07:22 PM


Group: Member
Posts: 7,259

Chinese thirst for Australian iron ore has just registered an all time record of $9.4 billion in a single month, helping to drive a big bounce in overall exports. Preliminary figures from the Australian Bureau of Statistics showed the bounce in exports means Australia is likely to have recorded a 30th successive trade surplus in June.

June exports to China increased by 7 per cent, or about $1 billion, to $14.5 billion. The jump in iron ore exports to China pushed the total exports of iron ore for financial year 2020 to over $100 billion, representing more than a quarter of Australia’s total goods exported for this period ( and likely to provide a comparatively small but helpful boost to the government's deficit of $85.8 billion.)

  Forum: Macro Factors

nipper
Posted on: Jul 24 2020, 06:34 PM


Group: Member
Posts: 7,259

he must have been effective, to have scored the promotion. Big League indeed. Honed his craft.
  Forum: Investment Discussion

nipper
Posted on: Jul 24 2020, 06:14 PM


Group: Member
Posts: 7,259

tit for tat expulsions .... Pretty normal in the rarified diplomatic world. (sadly)
  Forum: Investment Discussion

nipper
Posted on: Jul 24 2020, 03:32 PM


Group: Member
Posts: 7,259

and not forgetting NAFTA

(One could imagine the captains of industry telling the orange parrot to dial back on the rhetoric?)
  Forum: Investment Discussion

nipper
Posted on: Jul 24 2020, 03:25 PM


Group: Member
Posts: 7,259

... a pervasive Western decoupling vis à vis China across major commercial and national security-sensitive industries is being validated by the day. [This could] take place through a combination of switching to other low cost countries that are more benign from a strategic standpoint (eg, Vietnam, India, and Mexico) and through domestication of supply chains.

A Bank of America survey found that 75 per cent of companies were increasing the scope of their re-shoring plans. BoA says that while each of these stakeholders is examining the location of supply chains from very different perspectives, they are ... arriving at the same conclusion: namely, portions of supply chains should relocate, preferably within national borders and failing that, to countries that are deemed allies.

And the costs of doing so are not as prohibitive as many suppose. The argument against re-shoring has always been made on the grounds of lost efficiency and ruinous costs. ... Our analysis, however, suggests that a US$1 trillion capex cycle, spread over a five year period, would support the shift of all foreign manufacturing in China that is not intended for consumption in China. This would be significant, but not prohibitive.

This will be facilitated by the application of greater automation (robotics) and artificial intelligence in production processes. We continue to think that over the medium term reshoring could be quite inflationary, which is an impulse that will be amplified by unavoidable central bank monetisation of public debts (to allow nation states to service those obligations) and the debasement of fiat currencies.

https://www.afr.com/wealth/investing/govern...20200722-p55ehh
  Forum: Investment Discussion

nipper
Posted on: Jul 24 2020, 03:05 PM


Group: Member
Posts: 7,259

Technology

QUOTE
The trend we see in the market is clear. Clients want to modernise apps, move more workloads to the cloud and automate IT tasks. They want to infuse AI [artificial intelligence] into their workflows and secure their IT infrastructure to fend off growing cybersecurity threats. As a result, we are seeing an increased opportunity of large transformational projects
Arvind Krishna, CEO, IBM Corp

QUOTE
Acute skills shortages in tech, cyber security, software development, and data analysts for example continue unabated, reinforcing that the need for skills revolution is here in force.
Jonas Prising, CEO, ManpowerGroup Inc [world’s second largest employment firm]
  Forum: Off Topic Chat

nipper
Posted on: Jul 24 2020, 01:04 PM


Group: Member
Posts: 7,259

QUOTE
We see increased interest in telehealth solutions, like tele ICU [intensive care unit], tele radiology, tele pathology, which can help virtual working and collaboration of care professionals, as well as move care into the community to relieve the tremendous pressure on the physical constraints of the hospitals

Frans van Houten, CEO, Philips NV [global healthcare company]
  Forum: Investment Discussion

nipper
Posted on: Jul 24 2020, 11:50 AM


Group: Member
Posts: 7,259

Govt report out

https://www.homeaffairs.gov.au/cyber-securi...-iap-report.pdf

we must do more!
QUOTE
The 56-page report calls for increased government investment in the Joint Cyber Security Centre program. Federal agencies spend on average about 6 per cent of their ICT budget on security. Leading jurisdictions, such as Singapore and Israel, spend about 10 per cent.

The panel also said there was a clear need for a mechanism between industry and government for real-time sharing of threat information, beginning with critical infrastructure operators. The government should also empower industry to automatically detect and block a greater proportion of known cyber security threats in real time...
  Forum: Investment Discussion

nipper
Posted on: Jul 24 2020, 10:56 AM


Group: Member
Posts: 7,259

QUOTE
This will not change anyone's mind
sadly, no. Just polarising.
  Forum: Off Topic Chat

nipper
Posted on: Jul 24 2020, 09:55 AM


Group: Member
Posts: 7,259

morning.

economy .... world of pain
long term markets .... change is coming, winners and losers aplenty
short term markets ... rather too frothy, as they must position for what will be a nightmare reporting season
  Forum: Macro Factors

nipper
Posted on: Jul 24 2020, 09:35 AM


Group: Member
Posts: 7,259


Milton dropped its dividend, to 8.5c ff

The commentary about the FY just past is worth a look. Transformative is the descriptor

QUOTE
The 2020 financial year was active in terms of portfolio changes with $269.8 million added to new and existing equity investments. Investments were increased in Macquarie Group, Transurban, Sydney Airports, BHP, Cleanaway, IOOF, Origin Energy, Sonic Healthcare, Amcor, REA, Charter Hall, Altium and Qube. New investments were made in Pro Medicus, Johns Lyng and Magellan.

$276.2 million of sales were made in 2020 and included the complete disposals of our investments in ANZ Bank, Bank of Queensland, Bendigo & Adelaide Bank, Auswide Bank, Janus Henderson, Flight Centre, Blackmores, New Hope, Regis, Adelaide Brighton, Boral, Dulux and Orica. Investments in Westpac and QBE were also reduced.

Mr O’Dea said, 2020 was a transformative year for Milton’s investment portfolio. We have taken deliberate steps to reduce our investments in retail banks due to concerns regarding long term earnings growth and the impact of technology. Retail banks now represent 17% of Milton’s portfolio, reduced from 28% at 30 June 2019.
  Forum: By Share Code

nipper
Posted on: Jul 24 2020, 07:31 AM


Group: Member
Posts: 7,259

Always happy to look for myself 😊
  Forum: By Share Code

nipper
Posted on: Jul 24 2020, 07:31 AM


Group: Member
Posts: 7,259

Thanks for your views.
  Forum: By Share Code

nipper
Posted on: Jul 23 2020, 06:26 PM


Group: Member
Posts: 7,259

Despite Afterpay being valued at nearly eight times more than Zip, Zip does not trail eight times behind its larger rival in terms of financial and operational performance. In Zip Q4 update, the company processed $570.7 million of sales with 2.1 million active customers and 24,500 active merchants. For the same time period, Afterpay delivered $3.8 billion in sales with 9.9 million active customers and 55,400 merchants.

Whilst these figures might suggest quite a contrast between the two BNPL rivals, it is worth noting that Zip current reporting only takes into consideration its performance in Australia and New Zealand. Post completion of its acquisition of QuadPay, Zip will emerge as a global BNPL player, operating across five key markets in Australia, New Zealand, the United States, the United Kingdom and South Africa. This will bolster its performance metrics with pro forma annualised transaction volume of $3.2 billion, annualised revenue of $252 million and more than 3.9 million customers.

Transformational acquisition to level playing field

The biggest market for all BNPL players is the giant $5 trillion US retail market. QuadPay represents an invaluable acquisition that provides Zip with much needed exposure to the US market. QuadPay has already demonstrated accelerating growth with more than 1.5 million customers on its platform and 3,500 merchants. This acquisition also brought about a unique, shop anywhere app which enables customers to pay in instalments in store or online at any merchant.

QuadPay continues to deliver significant growth, processing over 1.4 million transactions in Q4, an increase of 982% on the same period in FY19. This delivered a total transaction value of US$163 million for the quarter, up 9% QoQ and up 800% YoY.

Motley Fool
  Forum: By Share Code

nipper
Posted on: Jul 23 2020, 03:23 PM


Group: Member
Posts: 7,259

Ken Frazier, CEO of pharmaceutical giant Merck, was interviewed recently by Professor Tsedal Neeley from Harvard Business School.

Here is a summary of his interview with the following bullet points.

1. Developing a vaccine takes time, a lot of time. The fastest vaccine ever brought to market was for the epidemic parotitis (‘mumps’). It took Merck four years to produce this vaccine.
2. The most recent vaccine created for a large viral outbreak was for the Ebola virus, which took 5.5 years.
3. In the past 25 years there have been only seven truly new vaccines introduced globally. By new, that means that they were effective against a pathogen for which there had previously been no vaccine. Merck has developed four of those seven and the rest of the world three. There has been an enormous amount of work done in the field of prevention. Despite all this work, the world has been trying to develop a vaccine for AIDS since the early 1980s, and so far, without success.
4. Developing a vaccine requires vigorous scientific assessment. Vaccines must be safe, effective, and durable. No one knows if any of the 160 programmes will produce a vaccine that is effective. This vaccine must work on billions of people.
5. Lots of vaccines in the past have stimulated the immune system (just like the Moderna trial vaccine) but ultimately did not confer protection.
6. When politicians suggest there will be a vaccine available by the end of 2020, they are doing the public a “grave disservice”.
7. We do not want to rush the vaccine before rigorous science is done. We do not have a good history of introducing a vaccine in the middle of a pandemic. The swine flu vaccine did more harm than good.
8. While we are working hard on a vaccine, the best preventative measures to limit the spread and infection of COVID-19 are good hygiene, wearing a mask and social distancing.
9. The bigger challenge to developing a vaccine is distributing it to where it is needed most. In a time of ultra-nationalism, countries want to take whatever is available and use it in their own population first rather than offering it to populations globally at greatest risk.
10. Developing a vaccine for 7 billion people has never been done before. Delivering it to 7 billion people is an enormous logistical challenge, especially to those communities who cannot afford it.
11. This is a global pandemic. Unless all of us are safe then none of us is safe.
12. The mobility of the world’s society poses a real problem. The EU has barred Americans travelling to Europe for a reason. Americans are not doing the things required to suppress the epidemic. Americans value liberty. It has been a strong theme through US politics for 200 years, largely because the US has two big oceans protecting it. This virus does not care about liberties. If people exercise liberty at the personal expense of others, then we cannot control this pandemic.
13. America is 4% of the world’s population and 25% of the world’s infections. That’s scary.
14. We need politicians with enough integrity to tell the truth. This time next year we will still be experiencing what we are experiencing now. Be prepared for that.

https://www.firstlinks.com.au/hard-dose-rea...-check-vaccines
  Forum: Off Topic Chat

nipper
Posted on: Jul 23 2020, 03:05 PM


Group: Member
Posts: 7,259

SP kind of doubled on no news and got an ASX letter. Any reasons?
  Forum: By Share Code

nipper
Posted on: Jul 23 2020, 11:12 AM


Group: Member
Posts: 7,259

Cyber Enhanced Situational Awareness and Response

https://www.homeaffairs.gov.au/cyber-securi...-iap-report.pdf

QUOTE
The 56 page report calls for increased government investment in the Joint Cyber Security Centre program. Federal agencies spend on average about 6 per cent of their ICT budget on security. Leading jurisdictions, such as Singapore and Israel, spend about 10 per cent.

The panel also said there was a clear need for a mechanism between industry and government for real-time sharing of threat information, beginning with critical infrastructure operators. The government should also empower industry to automatically detect and block a greater proportion of known cyber-security threats in real time. .
  Forum: By Share Code

nipper
Posted on: Jul 23 2020, 11:09 AM


Group: Member
Posts: 7,259

Tesserent, Australia’s largest ASX listed cybersecurity provider, is on track to deliver on our strategy to provide clients with a full suite of cybersecurity services: Cyber 360.

Tesserent has grown by acquisition, recently stating "our strategic goal [is] to become Australia’s #1 ASX listed Cyber Security provider."

April 2019, saw the acquisition of Melbourne-based Rivium who specialise in consulting, implementation and managed services for the enterprise security solution Splunk.

The acquisition of PS&C Security (now known as Pure Security) was announced in October 2019 complementing the Tesserent offerings with penetration testing, secure application development and security advisory services.

Canberra-based north joined the TNT group in December 2019 bringing expertise in cybersecurity, governance, risk and compliance (GRC), project management and DevSecOps and digital transformation. north also bring extensive experience working with government.

And today
Tesserent Limited (ASX:TNT) is pleased to announce the strategic acquisition of Seer security’s Melbourne and Canberra-based businesses with the signing of a binding Share Purchase Agreement executed between both parties.
QUOTE
- Acquisition servicing Federal Government departments and agencies (including Defence and Law Enforcement agencies)
- Tesserent now Canberra’s largest pure cybersecurity provider
- Acquisitions targeting the newly announced $1.35B Cyber Enhanced Situational Awareness and Response budget
- Immediately revenue and earnings accretive with FY20 revenue of $7.6M and $2.2M EBITDA
- Significant fixed long-term contracts with multiple Federal Government departments and agencies
  Forum: By Share Code

nipper
Posted on: Jul 23 2020, 11:07 AM


Group: Member
Posts: 7,259

Tesserent provides a comprehensive suite of products and services to keep our customer’s networks secure. We do this by providing world-class perimeter protection, internal monitoring and alerts, secure internet connectivity and co-location.

Network Perimeter Security
Utilising Palo Alto's next-generation firewall and Tesserent's proprietary Firewall we provide a world-class managed security service to suit the needs of each individual customer.

Internal Network Security
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  Forum: By Share Code

nipper
Posted on: Jul 22 2020, 07:00 PM


Group: Member
Posts: 7,259

how many of those 3410 cases turned out to be positive?

Probably about 3800 of them
https://www.abc.net.au/news/2020-07-22/coro...ctoria/12478472
  Forum: Off Topic Chat

nipper
Posted on: Jul 22 2020, 01:02 PM


Group: Member
Posts: 7,259

and here is why :
QUOTE
from the 3,810 cases in Victoria between 07 July to 21 July, 3,400 cases did not isolate when they first felt sick and when they went to get a test ...
idiots
  Forum: Off Topic Chat

nipper
Posted on: Jul 22 2020, 01:02 PM


Group: Member
Posts: 7,259

484 new cases in Vic in 24 hours

1 new case in Qld

Keep that border closed
  Forum: Off Topic Chat

nipper
Posted on: Jul 22 2020, 07:08 AM


Group: Member
Posts: 7,259

Is a seven handle possible?

likely to see 7 before 5 !?!?
  Forum: Macro Factors

nipper
Posted on: Jul 22 2020, 07:03 AM


Group: Member
Posts: 7,259

Doing workouts, bench presses, getting traction

https://www.theaustralian.com.au/business/m...04210b7c80dd10c

QUOTE
. Orbital Corporation, Ralph Sarich’s engine invention company that listed on the ASX back in 1985, has certainly reappeared on the radar of investors.

Some 35 years on, the company has long abandoned its signature engine which promised more power, fewer emissions and significant fuel economy.

Having failed to interest the car industry, Orbital instead has turned to the market for tactical military unmanned aerial vehicles. Its pivot to defence industry drones is showing some sign of success.

Its April investor presentation affirmed profitable revenue between $25m and $35m for the year to June 2020, compared with $15m the previous year.

Once the biggest ASX listed company in Perth, with its shares at $50, Orbital has seen a share price rally this month from 74c to $1.46, up another 14 per cent Tuesday.

It appears the engine technology company, headed by chief executive Todd Alder, has been buoyed by the recent launch of the federal government’s 2020 defence strategic update and the recent visit by Minister for Defence Linda Reynolds to its Balcatta HQ......
  Forum: By Share Code

nipper
Posted on: Jul 22 2020, 06:53 AM


Group: Member
Posts: 7,259

Spare parts?


Like Oldsmobiles, they last forever. And if you need something, just 3D print it?
  Forum: Investment Discussion

nipper
Posted on: Jul 21 2020, 05:55 PM


Group: Member
Posts: 7,259

BHP is back in favour with the world’s biggest investor, the massive sovereign wealth fund of Norway.

After two months on an observation list while the fund and its managers examined BHP’s exposure to coal, especially thermal or steaming coal (used mostly in power generation), the world’s biggest mining company is now back in favour with the fund revealing an addition to its holding in BHP Plc on Monday.

In what is now probably the largest single portfolio investment in an Australian company, Norway’s sovereign wealth fund has emerged as the owner of 5.1% of BHP Plc’s shares (That’s the London-listed shares in the company).

In a filing to the ASX yesterday before trading opened, Norges Bank, which conducts the buying and selling on behalf of the sovereign wealth fund of Norway said it had lifted its stake from a previous level of 4.06% to 5.1%, or 105,910,183 shares in BHP Plc. At Monday’s closing price of $A38.43 for BHP shares that was worth $A4.07 billion.

The stake is more interesting than just a portfolio investment by a massive global investor. The Norwegian fund is the largest investor in equities globally, with stakes in 9,000 companies, and its fund accounts for around 1.5% of all listed companies.

In May though Norges Bank said the fund has decided to quit some companies with stakes in coal mining especially thermal coal. These included BHP rivals, Anglo American, Glencore (the world’s and Australia’s biggest steaming coal exporter), Sasol of South Africa, AGL, the Australian energy utility, and electricity generator (from coal-fired plants).

Norges Bank said a further group of companies including BHP Group Ltd/BHP Group Plc had been placed on an “observation” list for further assessment.

“In the assessment against the product-based coal criterion, importance shall also be given to forward-looking assessments, including any plans the company may have that will change the level of extraction of coal or coal power capacity relating to thermal coal, and/or increase the income ratio or business share relating to renewable sources,” Norges Bank said in May.

In June it indicated it was not a long term owner of its thermal coal assets and has appointed JPMorgan to run the sale of its huge Mount Arthur mine in the NSW Hunter Valley.

That announcement helped put BHP back in the Fund’s good books.

It is the first time the Norges Bank holding has appeared in either BHP company’s top 20 shareholder lists on its own. Previously the 4% holding looks to have been held under a nominee company.
  Forum: By Share Code

nipper
Posted on: Jul 21 2020, 04:40 PM


Group: Member
Posts: 7,259

https://www.pallinghurst.com/project/jupiter-mines-limited/

  Forum: By Share Code

nipper
Posted on: Jul 21 2020, 01:53 PM


Group: Member
Posts: 7,259

and now 100+ pts up. good call, eb. Stay the distance rolleyes.gif
  Forum: Macro Factors

nipper
Posted on: Jul 21 2020, 01:22 PM


Group: Member
Posts: 7,259

Whispir defends contact tracing amid delays

http://www.smh.com.au/small-business/start...55doy.html?btis

QUOTE
Messaging platform Whispir has defended its technology, used for coronavirus contact tracing in Victoria, saying the delays in notifying the public about their exposure to COVID 19 has nothing to do with its system.It is nothing to do with us, our platform is super efficient, Jeromy Wells, chief executive and founder of Whispir said. These kinds of use cases are complicated and there are many stakeholders.

Mr Wells said the initial contact tracing was performed by a team of people and the Whispir platform came into play only after the necessary information is uploaded. It is an evolving project that can continue to become increasingly effective over time. I think we have got to be realistic about what is possible there is a lot of pressure on the system, he said.

Whispir was awarded the contract in March to facilitate text messages and emails to close contacts and those required to quarantine by Victoria's Department of Health and Human Services.

The NSW contact tracing system has not been subject to the same delays experienced in Victoria. A spokesperson for NSW Health said details of known contacts were kept on a Secure Notifiable Conditions Information Management System and the contact tracing team focused on personal telephone calls supported by Whispir.

The [Victorian] DHHS is one of many state and government departments and agencies that are leveraging the platform for several uses cases related to COVID-19 operational responses, Mr Wells said.

Mr Wells said for us COVID-19 is an unanticipated but welcome tailwind and he said the pandemic had shone a light on what the startup was able to do. I think the thing about COVID-19 is it is not so much the content of the message, which has to be sensitive, nuanced and culturally appropriate, but it's really the ability for the platform to be able to facilitate the automation of these interactions in a highly targeted way and at scale, he said

Telstra Ventures is a founding investor in Whispir and partner Steve Schmidt said the coronavirus pandemic had shown the power of personalised engagement that Whispir enables and which has a broad application for a range of companies. Whispir has signed a few different government departments. For me as an investor the more significant north star is communicating with people on a personalised level. That drives engagement, attention and focus which is something all companies are trying to get with respect to their customers., he said.
  Forum: By Share Code

nipper
Posted on: Jul 21 2020, 11:17 AM


Group: Member
Posts: 7,259

QUOTE
how much will it be worth ?

From their release $48m over 8 years...
$2m in the first 18 months.

evidently HC is a bunfight
  Forum: By Share Code

nipper
Posted on: Jul 21 2020, 11:17 AM


Group: Member
Posts: 7,259

QUOTE
At the request of the ASX, in order to correct the significant level of misinformation being circulated on social media, Eden advises that it conducted a due diligence review before it
entered into that agreement, and that review included the following:

1. In addition to both Eden US’s CEO and its executive director travelling to Florida and spending a day meeting with Mr Dale Hobbie, CEO of SPI, Eden US spent many further days discussing the proposed agreement, and enquiring further about the various projects that were proposed to be undertaken; and

2. Eden US also made other enquiries including a number of enquiries of US companies that we were advised were involved in the proposed projects in one way or other.

  Forum: By Share Code

nipper
Posted on: Jul 20 2020, 06:32 PM


Group: Member
Posts: 7,259

Whispir had a very positive fourth quarter thanks to strong demand by new and existing customers during the COVID-19 pandemic.

According to the release, the company’s annualised recurring revenue rose 4.2% over the March quarter and 35.7% over the prior corresponding period to $42.2 million. This was driven by strong growth in the ANZ and Asia regions.

Quarterly customer cash receipts came in at $11.3 million, up 27% on prior quarter and 36.5% on prior corresponding period. Also catching the eye was its customer revenue retention, which was an impressive 124.1%.

Whispir also reported the second consecutive quarter of record customer growth, acquiring 72 net new customers during the quarter. Management advised that this was driven by organisations looking to adopt more sophisticated yet easy-to-use communications systems.

This growth is also being supported by its easy integration with existing IT systems and the new ready-to-use return to work templates. These ensure compliance with government COVID-19 regulations.

At the end of the period, total customers numbered 630. This includes the Victorian Department of Education, PersonaTech and Mt Buller Ski Resort.

Pleasingly, tight cost control and significant growth in customer receipts through the quarter means that net cash used in operating activities reduced to just $0.1 million. This left it with a cash and equivalents balance of $15.2 million, which it believes leaves it well funded to execute its international growth strategy.

Outlook.
In light of this strong form, the company advised that it is on track to deliver all key FY 2020 prospectus forecast metrics. Whispir’s CEO, Jeromy Wells, commented:
QUOTE
We’ve had a strong finish to the FY20 financial year despite unprecedented operating conditions. Our strong performance over the fourth quarter has been driven by increased platform utilisation from our existing customer base, particularly in ANZ and Asia, as well as significant new customer growth. This has offset some changes in traditional communications and transaction volumes from some customers within industries that have been hardest hit by COVID-19 restrictions.

The chief executive also notes that the Whispir platform is helping businesses during these turbulent times and appears optimistic on the future. He added:
QUOTE
With current turbulent operating conditions constantly evolving, our customers realise how important it is to have a system that enables them to communicate effectively at scale to diverse stakeholder groups through multiple channels. Our ability to integrate with existing IT systems is a significant differentiator for our technology, enabling new customers to start using the platform within a day and without IT expertise.


QUOTE
Our increased focus on enhancing the platform’s AI, machine learning and data intelligence capabilities will continue to add value for our customers, ensuring they deliver timely and contextually-relevant information to stakeholders in their preferred delivery channel,
Mr Wells concluded.
  Forum: By Share Code

nipper
Posted on: Jul 20 2020, 04:30 PM


Group: Member
Posts: 7,259

crossed 6000 some 18 times (at least), as it traded from 6034 down to 5991 to close at 6003.

And that is just TODAY
  Forum: Macro Factors

nipper
Posted on: Jul 20 2020, 12:35 PM


Group: Member
Posts: 7,259

QUOTE
Djerriwarrh, the yield hungry listed investment company part of the Australian Foundation Investment Co stable, has been forced to slash its final dividend to shareholders in the wake of the unprecedented volatility on the the sharemarket while it sold down key blue chips as its call options were exercised.

Djerriwarrh said its net operating profit, which is the key component of its dividend, was $28.1m, down 25.5 per cent from fiscal 2019. Net operating result per share was 12.54 cents, down from 16.95 cents per share, while net profit was weaker by 4.1 per cent to $32.9m. Revenue from its operating activities, drawn from investing in Australian equities as well as writing call and put options to help supplement its income, was down 28.2 per cent in 2020 to $28.6m.

Djerriwarrh has always prided itself on its ability to produce strong dividend returns for its shareholders, many of which are retirees, but the wild swings in share prices since the coronavirus pandemic emerged this year has dented its ability to generate income.

It declared a final dividend of 5.25 cents per share, down from 10 cents for the same time last year, payable on August 28. This brings total dividends for the year to 14 cents per share, down from 20 cents per share in 2019.

Djerriwarrh said under normal circumstances the final dividend would be close to the net operating result for the half of 4.9 cents per share, but the board considered the difficult conditions brought about by COVID 19 and decided to use a small amount of reserves to bring the final dividend to 5.25 cents. Major sales for the 12 months period were mostly as a result of the exercise of call options, including its positions in CSL, Wesfarmers, Commonwealth Bank and National Australia Bank. There was also a reduction in its holding of James Hardie and positions exited in the year included AUB Group, Ansell, Worley and Treasury Wine Estates.


... not a happy time to run an options based yield strategy, it seems.
  Forum: By Share Code

nipper
Posted on: Jul 20 2020, 12:30 PM


Group: Member
Posts: 7,259

and back below 6000. Midday
  Forum: Macro Factors

nipper
Posted on: Jul 20 2020, 09:53 AM


Group: Member
Posts: 7,259

and US Attorney General on the CCP:

https://www.justice.gov/opa/speech/attorney...rd-presidential
  Forum: Investment Discussion

nipper
Posted on: Jul 20 2020, 09:50 AM


Group: Member
Posts: 7,259

https://www.foreignaffairs.com/articles/chi...biding-its-time?

Need to subscribe (is published six issues a year)

Some of the highlights.
QUOTE
Over the course of the novel coronavirus crisis, analysts have watched relations between the United States and China spiral to a historic nadir, with scant hope of recovery. There are many reasons for the slide, but Beijing, in a striking departure from its own diplomatic track record, has been taking a much harder line than usual on the international stage—so much so, that even the most seasoned observers are wondering whether China’s foreign policy has fundamentally changed.

It is too early to tell with certainty, but China, imbued with crisis-stoked nationalism, confident in its continued rise, and willing to court far more risk than in the past, may well be in the middle of a foreign policy rethink that will reverberate around the world.

In the months since the pandemic first engulfed the world, China’s government has engaged in an unprecedented diplomatic offensive on virtually every foreign policy front. It has tightened its grip over Hong Kong, ratcheted up tensions in the South China Sea, unleashed a diplomatic pressure campaign against Australia, used fatal force in a border dispute with India, and grown more vocal in its criticism of Western liberal democracies.

China may simply be taking advantage of the chaos of the pandemic and the global power vacuum left by a no-show U.S. administration. But there is reason to believe that a deeper and more lasting shift is underway. The world may be getting a first sense of what a truly assertive Chinese foreign policy looks like.

Since March, China has stepped up its patrols near the Diaoyu Islands (known in Japan as the Senkaku Islands) in the East China Sea and doubled down on its maritime claims in the South China Sea, sending vessels to linger off the coasts of Indonesia, Malaysia, and Vietnam. It has conducted aerial reconnaissance near Taiwan, effectively ended Hong Kong’s semiautonomous status, ginned up a new border dispute with Bhutan, and by all appearances, provoked a deadly border clash with India in what was the People’s Liberation Army’s first use of force abroad in 30 years. Any one of these moves by Beijing might have been unsurprising on its own. Put together, however, they amount to a highly unusual full-court press.

If there is a silver lining to the current crisis maelstrom, it may be that Beijing has pulled back its own curtain, giving the world an unsolicited preview of unconstrained Chinese might. By leaving a power vacuum in the world’s darkest hour, the United States has bequeathed China ample room to overreach , and to demonstrate that it is unqualified for a position of sole global leadership. If Washington does not return soon, however, it may not much matter how the world views China’s bumptious diplomacy; left with no alternative, strident excess will fill the void...
  Forum: Investment Discussion

nipper
Posted on: Jul 20 2020, 09:13 AM


Group: Member
Posts: 7,259

KEY POINTS
Focus on new term cash flow
.. Soluna Australia expecting positive cash flow by Dec 20Qtr:
o product approvals received, and
o indications of strong demand for battery energy storage solutions from both retail and commercial sources.

.. Envirostream Australia revenue expected to grow significantly in FY2020:
o significant strengthening of commodity prices since March 2020;
o new copper and aluminium recovery circuits commissioned as copper and aluminium prices improve;
o stock levels being reduced as spent battery supplies diminish, and
o focus on widening battery collection initiatives to strengthen revenue.

Reduction in outgoings
.. Reduced activity in capital-intensive business units affected by travel bans.
.. Cash at 30 June 2020 ... $3.5 million, with significant R&D tax refunds over coming 6 months
  Forum: By Share Code

nipper
Posted on: Jul 19 2020, 02:18 PM


Group: Member
Posts: 7,259

"In preparing for battle I have always found that plans are useless, but planning is indispensable".

Dwight D. Eisenhower
  Forum: Investment Discussion

nipper
Posted on: Jul 19 2020, 02:00 PM


Group: Member
Posts: 7,259

According to City Residential Real Estate, there are nearly 27,000 apartments for rent in Melbourne’s Docklands (8,400), Southbank (8,300) and inner Melbourne (10,500), an increase of about 500 in the past week.

Danielle Chetcuti, City Residential’s senior property manager, says the vacancy surge is caused by job losses, reduced hours of paid employment, lack of new tenants coming into the market and existing tenants stuck overseas because of travel bans. Chetcuti says she is negotiating with landlords every week to reduce the rent of tenants no longer able to afford the original costs, which has the unintended consequence of encouraging other tenants to demand their landlords match the cut.

One landlord, whose two bedroom, one bathroom Docklands property has been on the market for about eight weeks, cut the weekly asking rent from about $540 to $200 for the next three months in a bid to attract a new tenant.
  Forum: Investment Discussion

nipper
Posted on: Jul 19 2020, 01:51 PM


Group: Member
Posts: 7,259

Never underestimate the ability to adapt to new circumstances

While taking a hit as utilisations dropped and travel restrictions bite, being closer to the market and able to discern changes, AirBnB has repositioned itself.... No longer belong anywhere the messaging is now get away, without going far,.

And an emphasis on things that one might perceive could be colouring a decision to stay in a home or unit rather than a hotel
1. Cleanliness.... emphasising their new rigorous cleaning standards. Hosts are getting clever, too, advertising their sanitation routines and offering hand sanitiser to guests.
2. Less social interaction. Distancing is inherent, and easier to avoid crowded indoor spaces, plus self catering options.
3. Driving distance considerations; beachside destinations, mountain towns and lakeside getaways are doing well but inner city units for either tourism or short term business less so.
  Forum: Investment Discussion

nipper
Posted on: Jul 19 2020, 01:51 PM


Group: Member
Posts: 7,259

Never underestimate the ability to adapt to new circumstances

While taking a hit as utilisations drop and travel restrictions bite, AirBnB has repositioned itself.... No longer belong anywhere the messaging is now get away, without going far,. And an emphasis on things that one might perceive could be colouring a decision to stay in a home or unit rather than a hotel

1. Cleanliness.... emphasising their new rigorous cleaning standards. Hosts are getting clever, too, advertising their sanitation routines and offering hand sanitiser to guests.
2. Less social interaction. Distancing in inherent, and easier to avoid crowded indoor spaces, plus self catering options.
3. Driving distance considerations; beachside destinations, mountain towns and lakeside getaways are doing well but inner city units for either tourism or short term business less so.
  Forum: Investment Discussion

nipper
Posted on: Jul 19 2020, 01:31 PM


Group: Member
Posts: 7,259

and easing of restrictions in NSW had a certain type of social animal reverting to earlier behaiour very quickly. One case in a pub and it has spread far and wide.

https://www.abc.net.au/news/2020-07-15/why-...-to-do/12457788
  Forum: Off Topic Chat

nipper
Posted on: Jul 19 2020, 12:44 PM


Group: Member
Posts: 7,259

I ask everyone I can what their take is, just to get a wide range of views. And of course someone's position can be heavily influenced by their circumstances. Age, socio economic, debt levels, whether there is a secure job backing up.. ...

And of course we have to break things down to key components, being Health/Medical, Economic and Markets. They are related, intertwined but also disparate.

And of course, for me, I play in the markets and feel there is always opportunity. Somewhere. Especially as the rate of change, the transition, is throwing up myriad opportunities as well as causing disruption and destruction.

And the mood? Bewilderment, seat of the pants responses, battening down the hatches mainly. That has got to be bad for the (micro and macro) economy with lasting impacts that will take a long time to surmount
  Forum: Investment Discussion

nipper
Posted on: Jul 19 2020, 12:31 PM


Group: Member
Posts: 7,259

QUOTE
The scrambling of software player Altium to meet its FY20 revenue target of US$200 million ($286 million), through heavy discounting of its popular products, is starting to make a little more sense. The market darling unnerved analysts when it discounted product prices across the board in a mad rush to meet targets.

Some of the eagerness to hit revenue goals is explainable by the short term incentive structure. It pays cash bonuses to a large amount of employees as long as they meet the benchmarks.

According to the latest annual report, 70 per cent of annual cash bonuses are paid for the achievement of group revenue targets, with 30 per cent paid for the achievement of EBITDA margin targets. As Charlie Munger once said, show me the incentive and I'll show you the outcome".

Alas, on Tuesday, Altium reported that its full-year revenue number landed at $US189 million, a little short of its $US200 million target. It did not bother to disclose the EBITDA margin, so staff may have to sweat a little longer on the contents of their bonus letters. Management at Altium tell staff the bonus plan and long-term objective to grow revenue and EBITDA margins are part of its "Line & Length" strategy.


Sounds worth avoiding
  Forum: By Share Code

nipper
Posted on: Jul 19 2020, 10:14 AM


Group: Member
Posts: 7,259

From Lacy Hunt and Van Hoisington’s latest quarterly letter:

Four economic considerations suggest that years will pass before the economy returns to its prior cyclical 2019 peak performance. These four influences on future economic growth will mean that an extended period of low inflation or deflation will be concurrent with high unemployment rates and sub-par economic performance.

First, with over 90% of the world’s economies contracting, the present global recession has no precedent in terms of synchronization. Therefore, no region or country is available to support or offset contracting economies, nor lead a powerful sustained expansion.

Second, a major slump in world trade volume is taking place. This means that one of the historical contributions to advancing global economic performance will be in the highly atypical position of detracting from economic advance as continued disagreements arise over trade barriers and competitive advantages.

Third, additional debt incurred by all countries, and many private entities, to mitigate the worst consequences of the pandemic, while humane, politically popular and in many cases essential, has moved debt to GDP ratios to uncharted territory. This insures that a persistent misallocation of resources will be reinforced, constraining growth as productive resources needed for sustained growth will be unavailable.

Fourth, 2020 global per capita GDP is in the process of registering one of the largest yearly declines in the last century and a half and the largest decline since 1945. The lasting destruction of wealth and income will take time to repair



..... so, how are we getting out of this mess?
  Forum: Investment Discussion

nipper
Posted on: Jul 19 2020, 08:25 AM


Group: Member
Posts: 7,259

That doesn't sound good. NZ level?

Police work must be pretty frenetic these days. Definitely more visible.
  Forum: Off Topic Chat

nipper
Posted on: Jul 18 2020, 02:52 PM


Group: Member
Posts: 7,259

Almost all flights in and out of Urumqi, capital of China's far-western Xinjiang region, have been cancelled because of a coronavirus outbreak.

The city has just six confirmed cases with symptoms and 11 asymptomatic infections, official figures show.

..... News of Xinjiang's coronavirus outbreak and the government's response there came quickly. We had only just heard of one case and suddenly most flights into and out of Urumqi had stopped and underground trains were not running. The response seemed too overwhelming to be justified by just one infection, leading to questions on social media as to whether officials might be under-reporting the figures.

However, the tally went up on Friday morning and, crucially, health officials in Urumqi say they have at least 135 people under medical observation.

This has become the pattern in China.
When a cluster appears, the government will throw a lot of resources into controlling it using mass testing, localised restrictions and the closing off of transport links to lock the outbreak in wherever it happens. This strategy seems to have worked in other cities, such as Beijing in June.

https://www.bbc.com/news/world-asia-china-53443500
  Forum: Off Topic Chat

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


Group: Member
Posts: 7,259

I read that Ballina* airport was one of the busiest in Australia in June. Flights from sthn states including direct from Canberra. Short runway so mainly prop jets. Rex, Qantas Link, Jetstar, AeroPelican and even Virgin flying to it; now Qld is open, and Melbourne in lockdown, the demand has dropped away.

*Now called Ballina Byron Gateway Airport
  Forum: Off Topic Chat

nipper
Posted on: Jul 18 2020, 12:04 PM


Group: Member
Posts: 7,259

And then there is Domestic aviation

Network reviews, which consider how many flights are on offer on each route, typically happen seasonally but are now scheduled for every week. Virgin Chief Commercial Officer John MacCleod says it is uncharted territory for the entire industry at the moment.

You plan the capacity; you implement it; you check to see how it is filling up and how the bookings are coming in, and the yield is. If you need adjustments, you act, MacCleod says. Despite the more regular reviews, MacCleod admits he did not anticipate the situation in Victoria. The demand basically disappeared overnight, he says.

Qantas chief executive Alan Joyce predicted there would be no substantial return to international flying until July next year at the earliest, due to strict border control measures to stop the virus. The domestic boss, Andrew David, whose division accounted for more than half of Qantas overall earnings last financial year, will now be responsible for propping up the company even further while the crisis plays out.

As recently as late June, the domestic division had reaffirmed its aim to return to flying at 40 per cent of its pre pandemic capacity by July. He remains sure there is pent-up demand of which he can take advantage but admits that ambitious goal is in tatters.

We are seeing an increase in intrastate travel, and wherever states are removing border restrictions, we are seeing an increase in interstate travel, David says. We had planned to get to 40 per cent of pre-COVID domestic capacity in July, but we won't get there this month. Unfortunately, that means that there will be less of our people stood up to come back to work.


And, if Virgin and Qantas are to ramp up their flying activity as expected, both will be hoping infections do not spike across other parts of the nation.
  Forum: Off Topic Chat

nipper
Posted on: Jul 18 2020, 11:50 AM


Group: Member
Posts: 7,259

On 10 July, PM Scott Morrison said Perth would receive only 525 overseas passengers per week and Brisbane 500, with a maximum of 30 people on one plane. Arrivals at Sydney at that stage were capped at 450 per day with no more than 50 passengers on a single aircraft.

Only 30 passengers will be permitted per flight into Sydney International Airport from Monday, causing Singapore Airlines to suspend online sales on flights already at the cap, while a one-way Qatar Airways business class fare from Doha to Sydney now costs $12,000. The new cap means only 350 passengers a day will pass through the airport.

For more than a week, Melbourne has not accepted international travellers as Victoria deals with its second coronavirus outbreak.

The limits at Brisbane and Perth will remain the same.

SIA is now flying only two aircraft into Australia: the A350(900) with 253 seats and the 787(10) with 337 seats. While it is hardly profitable to fly with only 30 passengers on board, a spokesperson said freight and cargo helped make the flights viable.

For now, the new cap will last until 08 August.
  Forum: Off Topic Chat

nipper
Posted on: Jul 18 2020, 11:28 AM


Group: Member
Posts: 7,259

BWX is raising $50 million through a placement ($40 million) and share purchase plan ($10 million) to fund the expansion of its business, including the reshoring of key manufacturing processes previously done by a third party in the United States.

It will build a new manufacturing facility in Australia with four automated, high-speed production lines in a bid to triple the throughput compared with its existing manufacturing site.

Chief executive Dave Fenlon said the project would involve greater automation, redeployment and upskilling to enhance efficiencies across staff and production and reduce costs on a per unit basis.

BWX is a fine example of a company with manufacturing capability being able to pivot quickly because of COVID19. It was able to switch to the production of hand sanitiser within 21 days. It quadrupled its output of hand wash.

Fenlon says the reshoring of BWX production of cosmetics will enhance company control over the end to end supply chain and assist with guaranteeing the continuity of supply.
  Forum: By Share Code

nipper
Posted on: Jul 18 2020, 09:31 AM


Group: Member
Posts: 7,259

somewhere to put it.

A successful International fund has quite a view on where to put money:

QUOTE
The top performing international equities value fund was the Aoris International Fund which is run by managing director and chief investment officer Stephen Arnold, who previously ran the Evans and Partners International Fund for six and a half years until 2017.

Aoris International Fund holds a portfolio of about 15 stocks, each of which, Arnold says, have a considerable breadth or internal diversification. The fund aims to generate returns of 8 to 12 per cent per annum over a market cycle. In fact since inception it has generated a return of 22 per cent per annum.

Arnold sums up his investment philosophy in two words; specialisation and simplicity.

He refuses to own financials because banks and insurance companies are inherently highly financially geared, cyclical, regulated and opaque. He says over the cycle returns on capital are very poor.

Aoris does not own energy and mining companies because they are inherently cyclical businesses and their products are undifferentiated. Arnold says executives of these businesses are not good at reading the cycles in their own industry which is why there are so many large, value destroying acquisitions at commodity price peaks. Once again returns on capital are poor.

Aoris will not own utilities stocks because these are capital intensive businesses where the price you can charge is regulated by the government, and competition and supply is heavily influenced by government policy. They typically earn low returns on assets and apply a great deal of financial leverage in an attempt to engineer an acceptable return on equity, not always successfully Arnold says.

Finally, he will not own telecommunications company because they are highly regulated in terms of spectrum access and licence to operate, and the service to the end user is largely undifferentiated across providers.

Aoris also refuses to buy much of the technology sector and regulated parts of the health care sector such as pharmaceuticals and biotechnology stocks.

The top 10 shares in the Aoris portfolio at the end of November were: Accenture, Amphenol, CDW, Cintas, Compass, Experian, Graco, L’Oreal, LVMH, Nordson.


bit old (December 2019); I wonder how the Covid collapse (and Tech surge) has impacted the selection. A cycle, always a cycle. ... nothing is bullet proof and locked in
  Forum: Investment Discussion

nipper
Posted on: Jul 17 2020, 04:41 PM


Group: Member
Posts: 7,259

weak end to the week ....but then, put on 30 points in the last half hour. ASX200 at 6034 at 4;10
  Forum: Macro Factors

nipper
Posted on: Jul 17 2020, 02:25 PM


Group: Member
Posts: 7,259

QUOTE
Livewire Markets: Jun Bei, your first one, first cab off the rank, the hottest stock on the market at the moment, Afterpay defying gravity; buy, hold, or sell?

Jun Bei Liu (Tribeca): It is a hold for me. Look, it was a buy, but certainly its share price has gone through the roof. We think the opportunity set is enormous for this company and they are only just touching the surface of what they could achieve .... 1 per cent penetration in the US and other markets. Now they are moving into raise huge amounts of money and they got the war chest to go and go after those market share, so it is a hold for me.



QUOTE
Livewire Markets: Okay. Well, big market cap. They have executed flawlessly, huge capital raising, buy, hold, or sell?

Eleanor Swanson (Firetrail): It is also a hold for me. Afterpay has absolutely dominated the retail market in Australia and it looks like they are going to do the same thing in the US. However, we feel that is largely priced into the current share price. To get upside from here, I need to see Afterpay starting to roll out into new markets. I tend to try and value it market by market, and each new market adds about $6 to the current share price.

In addition, we think there is an opportunity for Afterpay to really go after marketing for these retailers and build out a marketing platform. To put that opportunity into context, they generated 10 million leads for US retailers in the month of April alone. They are not monetising that at the moment and we think that is a huge opportunity for the company. It is a comfortable hold.
  Forum: By Share Code

nipper
Posted on: Jul 17 2020, 02:19 PM


Group: Member
Posts: 7,259

QUOTE
Livewire Markets: Okay, Megaport, one of the new kids on the block in the Australian technology scene. Buy, hold, or sell?

Jun Bei Liu (Tribeca): It is a buy. I like Megaport because Megaport is probably the only cloud infrastructure company that you can find in this market. Yes, there is NEXTDC but NEXTDC is the future, essentially the future property trust. They build assets for companies to use and so that is more cloud-related and demand for that type of product is going through the roof and COVID certainly has speeded up that kind of adoption.

Now, Megaport is the future Telstra and it has innovated that space and it is global. It is the largest in its sector because it is the innovator and it has got enough runway for it to continue to expand global dominance. For me, it is one of the rare exposure to that space in the Australian market.


QUOTE
Livewire Markets: Okay. Eleanor, moving to the cloud, it has been one of the major trends in the structural shifts that we have seen accelerate through the past few months. Buy, hold, or sell on Megaport?

Eleanor Swanson (Firetrail): Jun Bei, I promise I'm not copying you but I am a buyer on Megaport as well. What the company does is they facilitate the transfer of data by virtual cloud connections and they have got an amazing first mover advantage in building out their network footprint. The company has currently got 600 data centres, that is double their nearest competitor, and they have also managed to double the number of data centres installed on their network over the last 12 months.

We expect the company to continue these phenomenal growth rates. And in addition they have got a new product pipeline which we expect to support valuation going forward, so it's a buy.
smile.gif
  Forum: By Share Code

nipper
Posted on: Jul 17 2020, 10:36 AM


Group: Member
Posts: 7,259

Rio Tinto PLC said its iron ore shipments rose by 1pc in the three months through June as it capitalised on strong prices of the steelmaking ingredient, although production of other key commodities was mixed.

The miner said it shipped 86.7 million tonnes of iron ore in its fiscal second quarter. Half-year shipments were 3pc higher than a year earlier at 159.6 million tonnes and were achieved despite damage to infrastructure such as access roads, accommodation and power lines caused by Tropical Cyclone Damien in February.

Rio Tinto said it continued to expect annual iron-ore shipments of between 324 million tonnes and 334 million tonnes.

Management said it now expected capital expenditure of around $US6bn this year, narrowing an earlier forecast of between $US5bn and $US6bn. That reflected
QUOTE
...an appreciation in our major operating currencies against the US dollar since the first quarter and a reduced impact of COVID-19 on both sustaining and development expenditure,
the company said.
  Forum: By Share Code

nipper
Posted on: Jul 16 2020, 04:35 PM


Group: Member
Posts: 7,259

Making a meal of MKR. Finding it hard to digest all on the plate?

There may be the illusion of pent up demand when
..... IPO closes after 2 days into the fortnight
..... Top 20 shareholders own 78% of total shares .... and IPO only adds 12% to total (or about 25% of unescrowed) .

it opens some 40% above at 28c, trims to close 25% above at 25c, then by third day closing at 23.5c.

Think there is a bit of indigestion at present.
  Forum: By Share Code

nipper
Posted on: Jul 16 2020, 04:12 PM


Group: Member
Posts: 7,259

Australian private equity firm Crescent Capital Partners has ramped up plans to sell its pathology group, Australian Clinical Labs.
QUOTE
It is understood Crescent has hired Bank of America's investment banking team to pitch the business to potential buyers, with an auction slated to kick off in coming months. Australian Clinical Labs is expected to be worth more than $600 million. The group is Australia's third biggest pathology services provider with $443 million revenue last financial year and an estimated 13.1 per cent market share, according to data collector IBISWorld.

It's expected to attract interest from the top two players Sonic Healthcare and Healius, which have about 75 per cent of the market between them, as well as other Australian health sector players, offshore groups and private equity firms.

Crescent Capital bought what was hospital owner Healthscope's Australian pathology business in $105 million to create Australian Clinical Labs in 2015. It acquired St John of Gold Health Care's pathology unit in 2016 to add chunky Victorian and Western Australian businesses to a network that already spanned across Victoria, South Australia, NSW and the Northern Territory.

...It also amid a shake up in Australian health sector assets with private equity groups stepping up ownership of private hospitals, GP clinics, radiology and other businesses.

Australian Clinical Labs' mooted auction comes as a soon-to-be cashed up Healius re-focuses on its diagnostics and day hospitals portfolio. Street Talk has written about Healius' interest in the business in the past, although it remains to be seen whether such a tie up would pass muster with the competition regulator.

It also comes amid a rollercoaster ride for the country's pathology and radiology groups. Volumes were heavily impacted in March and April as private hospitals and doctors cut back on non-emergency services, however have sprung back to life in recent months.
  Forum: Investment Discussion

nipper
Posted on: Jul 16 2020, 12:45 PM


Group: Member
Posts: 7,259

IPO in August

Highlights

..Aroa Biosurgery is a soft tissue regeneration company whose proprietary Endoform® platform technology is derived from sheep forestomach
..Range of five products that have been used in more than four million procedures to date
..Aroa’s products are covered by a patent portfolio that includes 10 patents and 25 pending patent applications across six patent families
..NZ$22m in product revenue FY20 (ending 31 March 2020) & EBITDA positive
..Clinically proven with peer reviewed publications & regulatory approval in 37 countries
..Existing and new product pipeline focused on US$2.5b total addressable market opportunity in the USA – established distribution with sales in more than 600 hospitals
..Aroa is raising $45m as part of the IPO & will list with an indicative market capitalisation of A$225m under the code ARX. Bell Potter and Wilsons are Joint Lead Managers to the IPO.
..At listing Aroa Founder and CEO Brian Ward will have an 11% shareholding

https://aroabio.com/
  Forum: By Share Code

nipper
Posted on: Jul 16 2020, 11:59 AM


Group: Member
Posts: 7,259

Quarterly out ......
QUOTE
In the next quarter we will continue to advance partnerships to support the development and financing of the Vittangi project, and complete a range of studies to map out its larger scale production potential in step with our customer demands.

And, at the end of 2020 June quarter, cash in bank was A$5.1million (down from $6.6m at end of previous Q)
  Forum: By Share Code

nipper
Posted on: Jul 16 2020, 09:03 AM


Group: Member
Posts: 7,259

smokey? ... first post from mirrors ?? Hmmm

looked at graph. 5c to 10c. -> look at Announcements... Nothing Market Sensitive.

and an Investor Presentation 26/6 without Capital Raise. Rare beast.
  Forum: By Share Code

nipper
Posted on: Jul 15 2020, 05:27 PM


Group: Member
Posts: 7,259

Ye Jianchun, China's vice-minister of water resources, said at a Monday briefing the detailed scheduling of water discharges from reservoirs, particularly the Three Gorges, had been effective in controlling floods this year. He said 64.7 billion cubic metres of floodwater has been stored in 2297 reservoirs, including 2.9 billion cubic metres at Three Gorges. As many as 33 rivers in China have risen to their highest levels in history during the current wave of floods, Ye said, as regions across the country brace for another "grim" week of torrential rain.

He said 433 rivers, as well as major lakes like the Dongting, the Poyang and the Tai, have all risen beyond their warning levels since the flood season began in June. Going into the key flood-prevention period of late July to early August, the current trends remain grim on the Yangtze and the Lake Tai basins, he said, adding that the belts of heavy rain that have lashed central China would eventually head north.

Average rainfall has been at its highest since records began in 1961. The Emergency Ministry said 141 people were dead or missing as of last Friday, with economic losses at around 60 billion yuan ($12.3 billion).

The company running the Three Gorges Project also said on Saturday that downstream water discharges had been halved since July 6, effectively reducing the speed and extent of water level rises on the middle and lower reaches of the Yangtze. The total amount of stored floodwater had reached 88 per cent of the reservoir total capacity, it added. But parts of the Yangtze, its tributaries and the major lakes have hit record levels anyway.

Fan Xiao, a Chinese geologist and long-standing critic of giant dam projects, said the storage capacity at Three Gorges amounts to less than 9 per cent of average floodwater. It can only partially and temporarily intercept the upstream floods, and is powerless to help with floods caused by heavy rainfall in the middle and lower reaches of the Yangtze River, he said. Fan said Three Gorges and other major dam projects could even make flooding worse by altering the flow of sedimentation down the Yangtze. The project's need to generate electricity has also undermined flood control, he said. When people only consider using reservoirs to solve flood-control problems, they often overlook or even weaken the natural ability of rivers and their lakes to regulate floods, he said.

QUOTE
One of the major justifications for the Three Gorges Dam was flood control, but less than 20 years after its completion we have the highest floodwater in recorded history, said David Shankman, a geographer with the University of Alabama who studies Chinese floods. The fact is that it cannot prevent these severe events. ...Shankman said that the Three Gorges Dam helped alleviate flooding during normal years, but that it was always likely to be vulnerable to more extreme weather, a problem that was exacerbated by shrinking flood plains downstream. The Three Gorges Dam reservoir does not have the capacity to significantly affect the most severe floods. Floodwater storage along the middle Yangtze is less because of stronger levees that are less likely to fail. ... Both of those things are at play here. This was predictable.
Reuters

http://www.smh.com.au/world/record-floods-...55c0d.html?btis
  Forum: Investment Discussion

nipper
Posted on: Jul 15 2020, 04:06 PM


Group: Member
Posts: 7,259

Mirrabooka as a LIC seeks to identify companies that benefit from a founder and owner at the helm. We call them owner driver businesses. It is where individuals usually the founder of the companies have large equity stakes and they run it like it is their own money, because it is.... CEO Mark Freeman said.

That focus is a central factor behind the top three shareholdings: Macquarie Telecom Group, New Zealand listed Mainfreight and Objective Corporation. It is also the reason why Mr Freeman sees Macquarie Telecom as having an edge over NextDC in the booming datacentre business. It is actually a great structural growth sector for the long term. And so we hold both NextDC and Macquarie Telco but Macquarie Telco had the added bonus of being also an owner-driver business, he explained.

The conviction is bourne out by the funds top investments. As at June 30 Macquarie Telecom was the single largest holding and accounted for 5.5 per cent of the portfolio. NextDC was its ninth-largest holding at 3.1 per cent.

One of the exposures Mirrabooka sold out of in the year was TPG Telecom.

That has been an owner river business with David Teoh. But with the merger now, Vodafone have actually got 50.1 per cent I think. So they have got the dominant position. I have still got a huge amount of respect for David Teoh, he has done an extraordinary job, but for what we are trying to do, it has just matured. And I just think it is going be more competitive now and his interest now has been watered down.

The fluid business and economic setting requires regular examination of portfolio companies, Mr Freeman said. We have to constantly re-test and say, Is this really a company that we think can be a strong business in this environment? And if they are not, perhaps it is better not to hold them, he said.
  Forum: By Share Code

nipper
Posted on: Jul 15 2020, 03:23 PM


Group: Member
Posts: 7,259

Marley Spoon AG (MMM) is a subscription based weekly meal kit service that services customers in three primary regions: Australia, United States and Europe (servicing Austria, Belgium, Germany and the Netherlands). Meal kits offer a convenient option for customers to cook healthy meals with fresh ingredients following chef designed recipes.

Marley Spoon says it is benefiting from coronavirus induced lockdowns, with demand for its delivery meal kits almost doubling globally.

The ASX listed German company booked 2020 first quarter revenue of €42.8m ($71.4m), a 46 per cent increase on the previous corresponding quarter, with demand starting to surge as COVID 19 restrictions were implemented in March. Marley Spoon said €22m ($36.6m) of the quarterly revenue had been accrued within a four week period beginning in the middle of March.
QUOTE
Chief executive Fabian Siegel believes the current conditions are well suited to its at-home cooking subscription service, saying:.:: First quarter 2020 saw strong performance for both growth as well as operational efficiency even before the sharp uplift due to the COVID-19 crisis. This new environment is a strong tailwind for our business, and as a result, our path to profitability is being accelerated.


MarleySpoon sells for around 1.5 times forecast sales, despite hitting a record high of $2.25 a share on Tuesday. (was 50c a share in March)
One analyst said:
QUOTE
They position themselves as complementary to Coles and Woolworths because you do not necessarily order your full seven days from Marley Spoon, you order two to four nights of cooking, but during COVID the basket size is increasing. Groceries is an enormous market worldwide and the online penetration of grocery retailers is one of the last frontiers of digital innovation. So they have got this strong position to grow with the market for online penetration.


In June 2019, Woolworths took a 7 per cent stake in Marley Spoon via a $30 million investment. Some analysts are tipping a full takeover bid ahead.
  Forum: By Share Code

nipper
Posted on: Jul 15 2020, 03:22 PM


Group: Member
Posts: 7,259

Marley Spoon AG (MMM) is a subscription-based weekly meal kit service that services customers in three primary regions: Australia, United States and Europe (servicing Austria, Belgium, Germany and the Netherlands). Meal kits offer a convenient option for customers to cook healthy meals with fresh ingredients following chef-designed recipes.

Marley Spoon says it is benefiting from coronavirus-induced lockdowns, with demand for its delivery meal kits almost doubling globally.

The ASX-listed German company booked 2020 first quarter revenue of €42.8m ($71.4m), a 46 per cent increase on the previous corresponding quarter, with demand starting to surge as COVID-19 restrictions were implemented in March. Marley Spoon said €22m ($36.6m) of the quarterly revenue had been accrued within a four-week period beginning in the middle of March.
QUOTE
Chief executive Fabian Siegel believes the current conditions are well suited to its at-home cooking subscription service. First quarter 2020 saw strong performance for both growth as well as operational efficiency even before the sharp uplift due to the COVID-19 crisis. This new environment is a strong tailwind for our business, and as a result, our path to profitability is being accelerated.


MarleySpoon sells for around 1.5 times forecast sales, despite hitting a record high of $2.25 a share on Tuesday.

One analyst said:
QUOTE
They position themselves as complementary to Coles and Woolworths because you don't necessarily order your full seven days from Marley Spoon, you order two to four nights' cooking, but during COVID the basket size is increasing. Groceries is an enormous market worldwide and the online penetration of grocery retailers is one of the last frontiers of digital innovation. So they've got this strong position to grow with the market for online penetration.


In June 2019, Woolworths took a 7 per cent stake in Marley Spoon via a $30 million investment. Some analysts are tipping a full takeover bid ahead.
  Forum: By Share Code

nipper
Posted on: Jul 15 2020, 02:40 PM


Group: Member
Posts: 7,259

Technology Metals Australia Limited (TMT) is an exploration company focused on identifying exploration projects in Australia and overseas with the aim of discovering mineral deposits.

The primary exploration focus is on the Gabanintha Vanadium Project, WA.

DFS out and looking for Financing. Some offtakes with Chinese. .... $300million needed.
.... Mine life of 16 years based on Northern Block Ore Reserve of 29.6Mt at 0.88% V2O5; Southern Tenement resource update delivers maiden Indicated Resource of 9.6Mt @ 1.0% V2O5.

(Consumption forecast to increase to 135,300t V by 2028 delivering a forecast deficit of 27,700t V (49,450t V2O5) without production expansions and new mine developments.
...Source: Roskill, 2019
)
  Forum: By Share Code

nipper
Posted on: Jul 15 2020, 02:37 PM


Group: Member
Posts: 7,259

another hopeful looking to be the Next Big thing in Vanadium

Technology Metals Australia Limited (TMT) is an exploration company focused on identifying exploration projects in Australia and overseas with the aim of discovering mineral deposits. The Company's primary exploration focus is on the Gabanintha Vanadium Project.


There is a DFS out
.... mine life of 16 years based on Northern Block Ore Reserve of 29.6Mt at 0.88% V2O5.
.. Southern Tenement resource update delivers maiden Indicated Resource of 9.6Mt @ 1.0% V2O5.
.. Project Measured and Indicated Resource increase of 32% provides clear scope to extend mine life.
  Forum: Off Topic Chat

nipper
Posted on: Jul 15 2020, 07:28 AM


Group: Member
Posts: 7,259

The ASX is set to open modestly higher after US stocks returned to rally mode, shrugging off mixed results from large banks and gaining ground on hopes for more stimulus spending from Washington.

Shortly after 6am (AEST) the SPI futures index was up 27 points, or 0.5 per cent.

On Tuesday, a drop in tech stocks sent the ASX down 0.6pc by the close.

The Australian dollar was this morning at US69.74, up from US69.48c at 4pm yesterday.

Spot iron ore was up 0.5 per cent at $112
  Forum: Macro Factors

nipper
Posted on: Jul 14 2020, 08:44 PM


Group: Member
Posts: 7,259

capital raise. mining Co on the cusp. Naw

But there is an interesting dynamic. Current cash generators are not long term, but they are there. Bit of toll treating. Small but interesting resources/ reserves. Drilling ahead (or underneath) for extension within a known province.

Good pig in the poke .
  Forum: By Share Code

nipper
Posted on: Jul 14 2020, 06:30 PM


Group: Member
Posts: 7,259

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

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

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

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

nipper
Posted on: Jul 14 2020, 03:38 PM


Group: Member
Posts: 7,259

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

nipper
Posted on: Jul 14 2020, 03:27 PM


Group: Member
Posts: 7,259

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

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

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

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

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

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

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

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

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

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

nipper
Posted on: Jul 14 2020, 02:15 PM


Group: Member
Posts: 7,259

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

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

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

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

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

nipper
Posted on: Jul 14 2020, 02:08 PM


Group: Member
Posts: 7,259

interesting company:

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

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

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

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

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

nipper
Posted on: Jul 14 2020, 12:18 PM


Group: Member
Posts: 7,259

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

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

nipper
Posted on: Jul 14 2020, 10:29 AM


Group: Member
Posts: 7,259

Annual Results out:

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

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

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

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


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


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

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

nipper
Posted on: Jul 14 2020, 09:55 AM


Group: Member
Posts: 7,259

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

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


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

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


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

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

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


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

nipper
Posted on: Jul 14 2020, 09:30 AM


Group: Member
Posts: 7,259

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

nipper
Posted on: Jul 13 2020, 05:58 PM


Group: Member
Posts: 7,259

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

nipper
Posted on: Jul 13 2020, 02:26 PM


Group: Member
Posts: 7,259

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

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

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

nipper
Posted on: Jul 13 2020, 01:54 PM


Group: Member
Posts: 7,259

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

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

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


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

nipper
Posted on: Jul 13 2020, 12:49 PM


Group: Member
Posts: 7,259

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

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


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

nipper
Posted on: Jul 13 2020, 10:20 AM


Group: Member
Posts: 7,259

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

nipper
Posted on: Jul 13 2020, 09:57 AM


Group: Member
Posts: 7,259

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

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

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


Group: Member
Posts: 7,259

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

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

https://asm-au.com/

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

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


Group: Member
Posts: 7,259

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

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

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

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

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

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


Group: Member
Posts: 7,259

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

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

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

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

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


Group: Member
Posts: 7,259

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

Can the big four banks ride out the storm?

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

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

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

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


Group: Member
Posts: 7,259

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

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

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

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

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

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


Group: Member
Posts: 7,259

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

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

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

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

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

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

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

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

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


Group: Member
Posts: 7,259

a weak end to the week
  Forum: Macro Factors

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


Group: Member
Posts: 7,259

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

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

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

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

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

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

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

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


Group: Member
Posts: 7,259

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

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


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

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

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


Group: Member
Posts: 7,259

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


  Forum: By Share Code

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


Group: Member
Posts: 7,259

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

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


Group: Member
Posts: 7,259



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

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

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

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

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

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


Group: Member
Posts: 7,259

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

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

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

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

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


Group: Member
Posts: 7,259

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

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

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


Group: Member
Posts: 7,259

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

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

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

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


Group: Member
Posts: 7,259

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

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

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

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

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

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

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

  Forum: By Share Code

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


Group: Member
Posts: 7,259

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

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

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

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

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

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

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


Group: Member
Posts: 7,259

wow. not much of a following.

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

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

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

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

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


Group: Member
Posts: 7,259

there will be downstream flooding, for sure.

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

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


Group: Member
Posts: 7,259

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

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

  Forum: By Share Code

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


Group: Member
Posts: 7,259

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

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

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

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

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


Group: Member
Posts: 7,259

Why not try voice recognition ... predictive text.


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

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


Group: Member
Posts: 7,259

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

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

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

.
  Forum: Macro Factors

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


Group: Member
Posts: 7,259


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

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

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

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

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

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

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

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

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


still hoping for the big one
  Forum: By Share Code

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


Group: Member
Posts: 7,259

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

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

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

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

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

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


Group: Member
Posts: 7,259

https://www.afr.com/


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

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

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

UBS had a price target of $27.

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

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

Macquarie has a price target of $70.

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

Morgan Stanley price target was $36.

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

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

Bell Potter has a $81.25 price target.

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

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

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

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


Group: Member
Posts: 7,259

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

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


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

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


Group: Member
Posts: 7,259

This is what the new realities look like
QUOTE
Working together

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

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

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

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

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

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

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

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

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


Group: Member
Posts: 7,259

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


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

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


Group: Member
Posts: 7,259

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

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

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

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


Group: Member
Posts: 7,259

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

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


Group: Member
Posts: 7,259

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

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

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

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


Group: Member
Posts: 7,259

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

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

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

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

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

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

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


Group: Member
Posts: 7,259

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

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

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


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

  Forum: By Share Code

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


Group: Member
Posts: 7,259

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

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

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

Now that is what you call an upgrade.

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

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

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

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

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

You remember that beauty???

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

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

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

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

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


Group: Member
Posts: 7,259

Business as normal.

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

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


Group: Member
Posts: 7,259

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

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

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

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

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

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

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

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

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

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

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

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


Group: Member
Posts: 7,259

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

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


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

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


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

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


Group: Member
Posts: 7,259

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

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


Group: Member
Posts: 7,259

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

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


Group: Member
Posts: 7,259

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

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

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

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

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

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

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

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

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

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

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

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

Jim Rickards
  Forum: Macro Factors

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


Group: Member
Posts: 7,259

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

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

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


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

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

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

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


Group: Member
Posts: 7,259

Global production ramps up ... Fitch

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

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


Group: Member
Posts: 7,259

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

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

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

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


Group: Member
Posts: 7,259

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

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

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

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

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

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

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

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

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

,
Motley fool
  Forum: By Share Code

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


Group: Member
Posts: 7,259

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


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

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