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nipper
Posted on: Today, 08:17 PM


Group: Member
Posts: 7,636

Was at a friend's place in Drummoyne this afternoon (under the flight path), and I swear it was like the old days ... From 4:30 to 6pm, there was a plane coming in to land every 5 minutes
  Forum: Off Topic Chat

nipper
Posted on: Yesterday, 02:02 PM


Group: Member
Posts: 7,636

AR9 has announced the acquisition of global information protection business, Nucleus Cyber. At the time of writing, the Archtis share price is trading at 39 cents, up 3 cents.

Nucleus Cyber provides advanced information protection solutions that prevent data loss and protect against insider threats across the Microsoft Corporation software suite. Microsoft is the world's largest supplier of digital collaboration products to government, enterprise and SMEs. Microsoft boasts 115 million daily users of its Teams platform, and the Nucleus Cyber technology solutions operate seamlessly in conjunction with these products.

For example, its protection solution provides a simpler, faster and cheaper solution to tailor information protection for file sharing, messaging and chat across collaboration tools. Nucleus Cyber customers include companies such as Virgin Australia Holdings Ltd, the Australian Government Department of Defence and Department of Health, Melbourne Polytechnic and Paramount Pictures.

Archtis will acquire 100% of Nucleus Cyber for a total potential consideration of up to $9.75 million in Archtis shares. The company believes that this acquisition is highly strategic and transformational for its growth trajectory and global presence. Archtis will gain immediate presence in the key North American market, as well as access to the Microsoft business product suite.
  Forum: By Share Code

nipper
Posted on: Yesterday, 01:52 PM


Group: Member
Posts: 7,636

ANZ beat market expectations with a rebound in cash earnings in the second half, helped by lower provisions for bad debts due to the pandemic that offset declining interest margins. Cash profit for the second half was 66% higher than the first half at A$2.34 billion, boosted by provision charges that were over a third lower than in the first six months of the year.

The fourth largest lender said it would lower dividends to put more money aside for potential losses due to the economic impact of COVID19; it declared a final dividend of 35 Australian cents per share, some 49% of statutory earnings, in line with a directive by regulators asking that payouts be less than half the year's profit.

The cautiously upbeat attitude came with little earnings guidance for the year other than an expectation that near zero interest rates would lower net interest margins (NIM), a key metric of profitability, by a further 3 basis points. While also lower than the most optimistic expectations for provision charges, the second half A$1 billion charge moved its loss provision balance to a record A$5 billion.
QUOTE
Despite the environment, we feel in a really strong position to deal with this, Chief Executive Officer Shayne Elliott said in an earnings call. Things are going to get a bit tougher but that is OK. We've got a really strong balance sheet (and) really strong credit provisioning for when and if things go wrong.
  Forum: By Share Code

nipper
Posted on: Yesterday, 10:25 AM


Group: Member
Posts: 7,636

Texas based activist short seller Soren Aandahl from Blue Orca has taken on Seek, claiming that its business Zhaopin is full of junk listings.

QUOTE
Companies we called about their job postings on the website even stated directly that the posts were fraudulent. Our due diligence also uncovered a whistleblower claim by a Chinese college student alleging that Zhaopin pays people to submit fake resumes, Blue Orca writes in research released at 10.29 AEDT.

The short seller also claims that Seek is a rollup, reliant upon capital markets to fund acquisitions, and the true nature of its leverage is much higher than the reported 3.2 times net debt to EBITDA.
QUOTE
Rather than valuing Seek as a fast growing online recruiting platform, we value Seek for what it is ...a slow or no growth platform whose core business is shrinking and which carries a dangerous amount of debt.

Blue Orca reckons Seek is worth only $7.20 a share. It's down 9.5 per cent on Blue Orca's report.

Seek is among the top 30 most shorted stocks with 5.23 per cent of the register loaned out to speculators, according to data compiled by Shortman.
  Forum: By Share Code

nipper
Posted on: Yesterday, 09:48 AM


Group: Member
Posts: 7,636

On current budgets, with ~$5m cash and term deposits on balance sheet, the Company is well funded to achieve operating cash positive. However, given the uncertainties of Covid 19, the precise timing of achieving sustainable quarterly operating cash positive is unclear.

Outlook
Record Quarter Expected
De.mem expects its best ever quarter for the December quarter 2020, with a minimum of $4.5 million in cash receipts expected, driven by recent contract awards and recurring revenue growth.

Upgraded CY20 Revenue Guidance
Given the strong outlook, De.mem upgrades its full year CY20 cash receipts guidance to $15m to 18m.
At $15m, De.mem would be reporting approx. 30% growth relative to CY 2019 cash receipts, a record year and record annual growth rate for the Company, despite the uniquely challenging macroeconomic environment during the year created by Covid 19.

CY 2021 Outlook
The Company has a positive outlook for CY 2021, supported by:
• Recent project awards.
• A strong pipeline.
• Strong momentum in recently acquired business De.mem Pumptech and De.mem Geutec (including ongoing cross sell opportunities).
• Sales momentum of the newly hired Australian sales team.
• Growing customer intent to commission new projects, as projects previously paused due to Covid 19 are now coming onstream.
  Forum: By Share Code

nipper
Posted on: Yesterday, 08:37 AM


Group: Member
Posts: 7,636

Fasten Seat Belts
  Forum: Macro Factors

nipper
Posted on: Oct 28 2020, 04:47 PM


Group: Member
Posts: 7,636

Returning Antarctic expeditioners with no experience of life under Covid have been sent videos of how to responsibly shop, drink at pubs and socialise, to soften their culture shock.

The Australian Antarctic Program is going to extraordinary steps to ensure returning expeditioners are prepared psychologically and in practical knowledge to deal with the do’s and don’ts of the ‘new normal’ back home.
QUOTE
When a number of these expeditioners went south, COVID19 was not part of our vocabulary ... this has happened while they’ve been in Antarctica, said Maree Riley, organisation psychologist with the Australian Antarctic Division.

Whilst we have all been social distancing, isolating and wearing masks, our expeditioners in Antarctica have been going about their normal daily routine without any real impact.
  Forum: Off Topic Chat

nipper
Posted on: Oct 28 2020, 03:47 PM


Group: Member
Posts: 7,636

PolyNovo shares advanced 8.7 per cent to $2.74 after its NovoSorb BTM was approved by the Taiwan FDA for sale in the country.
  Forum: By Share Code

nipper
Posted on: Oct 28 2020, 03:14 PM


Group: Member
Posts: 7,636

enthusiastic buying up to $1.25. ... with a 15% lift today. TLG has got to be close to blow off, though. Nothing announced, a good presentation at a CSIRO conference, but that was a fortnight ago.
  Forum: By Share Code

nipper
Posted on: Oct 28 2020, 03:05 PM


Group: Member
Posts: 7,636

Pilbara Minerals and Galaxy Resources have rushed straight to the Altura Mining lender group ( note holders which include fund managers Castlelake, CarVal, Nomura and Clearwater Capital) to try and stitch up a snap deal to acquire the embattled lithium play (now under admin with Korda Mentha).

Pilbara shapes as the frontrunner in the race and has always been a logical acquirer of Altura, given its lithium project is directly adjacent to Altura at Pilgangoora, near Port Hedland in Western Australia. However if it did snap it up, fund managers reckon it would need to launch a hefty equity raising to fund the deal, somewhere in the order of $250 million. Pilbara had $83 million cash on hand as of June this year.
  Forum: By Share Code

nipper
Posted on: Oct 28 2020, 03:02 PM


Group: Member
Posts: 7,636

receivers called in. Noteholders forcing some action ...sauve qui peut
  Forum: By Share Code

nipper
Posted on: Oct 28 2020, 12:48 PM


Group: Member
Posts: 7,636

thanks to Beaches at ASF:

https://smallcaps.com.au/china-sends-warnin...ff-rare-earths/
  Forum: Investment Discussion

nipper
Posted on: Oct 28 2020, 12:42 PM


Group: Member
Posts: 7,636

QUOTE
As announced on 22 October 2020, Vortiv intends to return to shareholders a significant portion of the net cash proceeds from the sale of its cybersecurity businesses.
Subject to the outcome of an ATO Class ruling, the intends to Board distribute approximately $20 million in net sale proceeds to Shareholders by way of a limit-based, equal access share buyback.
The Buyback price is estimated to be between 18.5 cents and 19.5 cents per share, supported by the expected net tangible asset backing of the Company following completion of the sale of the Business after taking into account, tax payable on the sale of the Business and on current year profits
.
Currently 16c. ... and just 2 months to go. Is there an assured 10-15% upside??

Until the fat lady has her go, in other words the transaction is bedded down and locked in, there is often a bit of uncertainty in the market. Currently VOR is finding it hard to get past 16c as sellers head for the exit. Also the uncertainty of the pricing (any surprises and it slips lower) and the tax nature of the payout (some as dividend and the rest as return of capital) may not suit everyone.
But also current market voting with its feet does not hold much faith in or ascribe any value to the rump remainder, the Indian TSI biz, which will likely...
QUOTE
[....form] the main undertaking. The Board has identified acquisition opportunities in the Australian technology sector that can complement the Company exposure to ATM and associated payments technology which the Company has through its shareholding in TSI India.

I never liked TSI, despite the hoopla, as I have never seen how a small foreign outfit can grow, make profits and achieve scale, when up against ingrained cultural and business differences, as exercised on the subcontinent. Especially something like ATMs, an interim technology at best. And payments.... it has to be tech (coding) but this is hardly a wide open field with minimal aspirational competition or deep pocketed incumbents.
  Forum: By Share Code

nipper
Posted on: Oct 28 2020, 09:51 AM


Group: Member
Posts: 7,636

Gold isn't going anywhere. short term. there is no fear or panic.

could zip in, nip a few, let them rip. make a bip (pr two) and then if one starts to dip, cash in the chip. Stay unjoined at the hip, and this is no tip, so no lip if there is a slip.
  Forum: Macro Factors

nipper
Posted on: Oct 28 2020, 08:50 AM


Group: Member
Posts: 7,636

China's virus triumphalism could be premature

Leader cults rarely end well anywhere – and there is little reason to believe that China under Xi Jinping will ultimately be any different. Gideon Rachman

Columnist

In 2009, Martin Jacques, a British author, published a bestselling book, When China Rules the World. Mr Jacques is now running a victory lap. He recently proclaimed that we will remember 2020 as the moment of the Great Transition. The year when China replaced the US as the world's leading power. Believers in a "great transition" see COVID 19 as the handmaiden of history. The pandemic started in China. But the Chinese government has done a much better job of containing the disease than the US.


According to Johns Hopkins University, the total number of US deaths from COVID 19 stood at over 223,000 at the end of last week compared with 4379 in China. With the disease contained, the Chinese economy is rebounding and looks set to grow 2 per cent this year, making it the only G20 economy to expand. The US economy is likely to shrink by 3 to 5 per cent and the major European economies are in trouble.

China's ability to enforce quarantines and test widely is generally seen as crucial to the country's success. At a recent ceremony, handing out medals to citizens for their work on COVID 19, President Xi Jinping announced that the pandemic once again proves the supremacy of the socialist system with Chinese characteristics.

While the Chinese elite is patting itself on the back, the US establishment is aghast. The New England Journal of Medicine recently noted in an editorial that "our leaders have failed...They have taken a crisis and turned it into a tragedy.

This scathing criticism of the Trump administration has not, however, led to the arrest of the editors of the journal. By contrast, last month, Ren Zhiqiang, a property tycoon, was sentenced to 18 years in prison in China. Mr Ren's fall from grace came after he published an aggressive criticism of Xi's handling of the early stages of the pandemic, calling the Chinese leader a "bare, naked clown".

The US can get rid of Donald Trump . . . China has no mechanism to rid itself of the increasingly megalomaniacal President Xi.

Shortly afterwards, Ren was stripped of his Communist party membership and charged with corruption. Some of the doctors who first raised the alarm about COVID-19, in private exchanges, in Wuhan, were notoriously reprimanded by the police.

External critics of China's handling of COVID-19 are also treated with ferocity. When the Australian government suggested an international inquiry into the pandemic, Beijing responded with trade sanctions.

The inability to accept criticism suggests that pro Beijing triumphalism is premature. In broad terms, there is not much doubt that China, after mishandling the initial outbreak, has done a good job of containing the disease. But some Asian democracies, such as South Korea and Taiwan, have done even better, which undermines Xi's claim that China's "socialist system" was the key to success.

Chinas urge to suppress criticism also suggests that if there are continuing problems inside the country, Beijing will cover them up.

The pandemic has also significantly eroded international goodwill towards China. It may be regarded as traitorous in China to highlight the origins of the disease – or to point out that the previous SARS epidemic also originated in China. But the outside world has noticed. A recent Pew opinion survey of 14 mainly Western nations showed 61 per cent thought China had done a bad job of handling COVID-19 and that distrust of Xi has soared.

The international backlash compounds the challenges to the "China model" already created by COVID-19. For 40 years Chinese economic growth has been powered by trade. The country is the world's largest manufacturer and its largest exporter.

But COVID-19 has seen a sharp reduction in world trading volumes. This is happening at a time when the US is rallying international opposition to Beijing and curtailing trade in sensitive technologies. As a result, the permissive international environment that powered the Chinese economic miracle is disappearing.

China's leadership is meeting this week to plan for the years ahead. But its ability to openly debate these problems is hampered by the thought-stifling cult-of-personality that has built up around Xi. Since taking power in 2012, the Chinese leader has purged many of his rivals, abolished constitutional term-limits that would prevent him ruling for life, and forced the Communist party to incorporate Xi Jinping thought into its constitution.

This is no mere formality. On the contrary, government officials and even private companies are under constant pressure to praise the great leader's banal pronouncements. As a recent column for Bloomberg News pointed out, even China's weather forecasters and science fiction writers have been officially reprimanded for not doing enough to incorporate "Xi Jinping thought" into their work.

Xi admires the leader cult that surrounded Mao Zedong. But blind obedience to Mao's whims led China to disaster during his cultural revolution. Leader cults rarely end well anywhere ... and there is little reason to believe that China under Xi will ultimately be any different.

The US system has had a terrible few years and the American elite is rightly going through a period of self-doubt and introspection. But regular elections offer the possibility to change course and appoint new leaders. The US can get rid of President Donald Trump... and may be about to do so. China has no mechanism to rid itself of the increasingly megalomaniacal President Xi.

Financial Times
  Forum: Investment Discussion

nipper
Posted on: Oct 27 2020, 10:16 AM


Group: Member
Posts: 7,636

buy the dipper. ??? I have a few low ball shots in defensives sitting there. We are bound to have some nervy days. ... this election seems to assume more importance than it really should.
QUOTE
the new fiscal and monetary reality ... Fed and banking system is to monetise.

As the saying goes, it is, what it is, and virtually every country has adopted this new monetary and fiscal orthodoxy.

All of which explains why Wall Street seemingly does not care who wins as long as there is not a contested election result.
  Forum: Macro Factors

nipper
Posted on: Oct 27 2020, 09:08 AM


Group: Member
Posts: 7,636

Morningstar has come out with Australian Energy Stocks are Cheap and WPL is the cheapest of the lot
QUOTE
Australian E&Ps Ideally Placed to Emerge From Coronavirus Meltdown

Australian energy stocks look cheap. The COVID 19 outbreak has created a large dent in near term oil demand and triggered spiralling energy prices. The market appears to be extrapolating the current bearish oil environment to infinity, a position we do not share. U.S. shale still accounts for over 10% of global oil supply, and unless prices rebound to encourage drilling, a current global supply glut will ultimately become a shortage.

Our midcycle Brent crude price forecast is unchanged at USD 60 per barrel, well ahead of current circa USD 40 per barrel levels. But the benefit of higher prices in the future will only benefit companies that can survive the current period ... strong balance sheets and low operating costs are vital ingredients.
Thankfully, Australian companies by and large fit this bill, and none are on the hook for major capital expenditure in the near term. We have 5 star recommendations on the four major Australian E&P companies Woodside, Santos, Beach, and Oil Search. Within a close ranked group, we think Woodside offers the most attractive combination of price/fair value estimate discount, balance sheet strength, and sustainably low cost operations.

Key Takeaways

... COVID19 has sparked an unprecedented collapse in global crude consumption. We expect a year on year demand decline of around 8% or 8 million barrels per day. That is marginally better than prior expectations as a result of earlier than expected recoveries in parts of the world.

... But demand will not recover more meaningfully until economic activity, including air travel, resumes. We expect demand recovery in the 2021/ 2022 timeframe; and if producers do not resume normal activity levels by then, expect the current glut to quickly become a shortage.

... Significantly higher crude prices are necessary to incentivise the required activity, but the market is still extrapolating bottom of the cycle crude prices indefinitely, making energy stocks cheap. Australian E&P companies remain generally well placed with healthy balance sheets and low free cash flow breakeven Brent crude price points in the vicinity of USD 20 to USD 25 per barrel. All our coverage is in the 5 star zone but we think Woodside currently offers the best value at price/fair value estimate of 0.4.
  Forum: By Share Code

nipper
Posted on: Oct 26 2020, 05:38 PM


Group: Member
Posts: 7,636

Azure Health Technology (proposed IPO)

Azure Health develops and commercializes evidence based nutraceuticals and pharmaceuticals based on two proprietary and patented delivery platforms for improving the bioavailability and efficacy of tocotrienols (a natural product which is one part of vitamin E). The Board, Scientific Advisory Board and Management of AZT have a proven track record in using science to create new products and to bring these products to market.

Podcast coming up on ShareCafe
  Forum: Off Topic Chat

nipper
Posted on: Oct 26 2020, 05:34 PM


Group: Member
Posts: 7,636

Zebit, Inc (new ASX listing, proposed code: ZBT)

Zebit is an ecommerce retailer that serves millions of credit-challenged consumers who value the proposition of buy now, pay over time. By providing these consumers with up to $2,500 of store credit and access to a marketplace of thousands of brand name products, Zebit gives its customers the ability to shop while spreading their payments over time. Zebit is located in San Diego and is backed by Venture Capital firms that include Crosslink Capital, Wildcat Venture Partners, Leapfrog Ventures, Ulu Ventures, and Correlation Ventures.

Podcast coming up on ShareCafe this Friday
  Forum: Off Topic Chat

nipper
Posted on: Oct 26 2020, 01:43 PM


Group: Member
Posts: 7,636

QUOTE
Due to the reduced economic activity expected in the next couple of years, the Reserve Bank is likely to keep interest rates low. .... this is not good news for Australian banks since they price off of the short end of the curve. For bank net interest margins to increase, short end rates need to go back up, which means the RBA needs to feel so good about the economy that they start to raise the cash rate again. And because banks are highly leveraged, changes in profitability are magnified. So, we have got bigger issues than just the bad debts that are going to come through in the next couple of years.

Add to this competition. Banks have had a four pillar structure and that's been supportive of returns. However now you have got competitive threats from companies outside of the banking sector, mainly tech firms. None of these tech firms have a banking licence, or want one, and yet all of them are making incursions into financial services, mostly in the payments area. This is not because they want to be banks; it's because they want to reduce friction for their core services. Amazon wants to streamline payments because it wants to make it easy for anyone to sell anything on their platform. Combine that with smaller Fintechs who are picking off various individual services from the banks and there's a real erosion of the banks' ability to defend their turf.

All this means that the outlook for the banks overall as a sector is not particularly compelling but there are still positives. We're not going to see strong dividends paid out for a while, but the banks do still return their cost capital. There are also important differences between them, so our approach is to look at relative ways that to generate returns..........

Commonwealth Bank is another opportunity. Fintech disrupters typically seek to raise $20m to $50m to get themselves up and running. Against this, CBA is spending $150m a year, just on its app. The CommBank app gets up to 10 million logins a day, making it one of the most used apps in the country. Commonwealth's reinvestment into the app will help the bank retain relevance to its customers, despite the attempted incursions of Fintechs.
https://www.sharecafe.com.au/2020/10/19/sur...ether-thriving/
  Forum: By Share Code

nipper
Posted on: Oct 26 2020, 12:55 PM


Group: Member
Posts: 7,636

Mags, so how do we dig ourselves out of the hole? Keep digging, seems to be the answer, so far.
I am in the same camp as you; ride this bronco, be alert to change. I have given up trying to predict outcomes.

on the matter of Banks: Surviving but not altogether thriving
QUOTE
... Because mortgages make up about 70% of their lending book, the big revenue driver for banks is housing credit growth. Twenty years ago, this was running at close to 15%, but in the past decade we've seen this drop down to half that. And, there's questions about whether can continue even at this rate due to the gearing in Australian households....
....Due to the reduced economic activity expected in the next couple of years, the Reserve Bank is likely to keep interest rates low. Again, this is not good news for Australian banks since they price off of the short end of the curve. For banks' net interest margins to increase, short end rates need to go back up, which means the RBA needs to feel so good about the economy that they start to raise the cash rate again. And because banks are highly leveraged, changes in profitability are magnified...
....Add to this competition. Banks have had a four pillar structure and that's been supportive of returns. However now you have got competitive threats from companies outside of the banking sector, mainly tech firms. None of these tech firms have a banking licence (or want one) and yet all of them are making incursions into financial services, mostly in the payments area. This is not because they want to be banks; it is because they want to reduce friction for their core services ...

We are not going to see strong dividends paid out for a while, but the banks do still return their cost capital ......
https://www.sharecafe.com.au/2020/10/19/sur...ether-thriving/


QUOTE
UK economist John Maynard Keynes in 1936 spoke of the liquidity trap when describing the limits of low-interest rates as an effective policy tool. He described situations when uncertainty is so great that even low-interest rates would fail to generate enough demand to ensure full employment. But Keynes was indicating that low interest rates could be ineffective as a macro tool. The worry after 12 years of low and negative rates is that these settings produce side effects that make them counterproductive. Ten side effects stand out.

A core concern is that the Keynes liquidity trap concept seems to underestimate the dampening effect of emergency measures. Low rates seem to dent consumer spending and business investment because they signal that authorities are gloomy, even panicked.

A second side effect is that low interest rates have encouraged so much borrowing that consumer, corporate and government debt have reached an unprecedented level of GDP in many countries. This could prove a systemic risk. Even without such mishaps, future repayments are likely to reduce consumption and investment.

Another side effect is that low and negative rates can lift asset prices. Lower interest rates push investors into riskier assets and argue for higher prices on property and shares, asset gains that tend to boost inequality. More tellingly, negative policy rates helped push bond prices so high that yields went negative... and widely so. The concern is that, if low and negative rates help the economy as intended, interest rates will move higher and puncture asset prices.

A fourth problem is that low and negative rates trouble the business models of insurers and pension funds that typically use the safety and positive returns of government bonds to help meet long-term liabilities. A fifth spillover is that low and negative rates squeeze bank margins, perhaps to the point of threatening financial stability. Any crimping in bank margins brings a sixth problem; that at some level, low rates could backfire by forcing banks to restrict lending ... a level known as the 'reversal rate'.

A seventh handicap is that central banks have faced political pressure for hurting savers and rescuing reckless borrowers. An eighth side effect is low and (especially) negative rates can, perversely again, force people to save more to attain a targeted level of savings.

A ninth drawback is that low rates can encourage unproductive investment. A tenth criticism is that low rates help embed economies in the 'debt trap'. This term describes how indebted economies need more debt to overcome the problems left by past debt. But at some indeterminant point this strategy must miscarry....
https://www.sharecafe.com.au/2020/10/15/sup...h-side-effects/
  Forum: Investment Discussion

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


Group: Member
Posts: 7,636

QUOTE
just wondering if one sold all the holdings , where they gonna put their cash??? for divvy stock??
Most of the CCA holders would be institutional and fund managers. ... which tend to run different styles of allocating

It would be fair to say most would be reallocated back to the subsector, in this case Consumer Staples.

the 5 biggest holdings in the XSJ are WOW, COL, CCA, A2M and then TWE (followed by MTS, ELD, CGC, BKL and UML, BGA and ING)

CCA occupies a rather special place and would be hard to identify a like minded competitor (with multinationals being the obvious ones)

Would money flow to the other Consumer Staples? A bit, but not all. However this may be a chance to diversify into .... well, what? Tech? Back into banks? other dividend payers?
  Forum: By Share Code

nipper
Posted on: Oct 25 2020, 04:58 PM


Group: Member
Posts: 7,636

Coca Cola Amatil could announce as soon as Monday it is the target of an $8 billion takeover by British beverages giant Coca Cola European Partners, handing Australia’s bottler of famous soft drink Coca Cola, as well as a stable of popular beverage brands such as Mount Franklin water, Goulburn Valley Juice and Grinders coffee, to a foreign company.

Shares in the publicly listed CC Amatil were placed in a trading halt on Friday pending what it said would be a potential material transaction, and Bloomberg reported overnight that Britain’s Coca Cola European Partners, the world’s largest independent bottler of the storeyed soft drink, is in talks to acquire the Sydney based CC Amatil.

Bloomberg reported that insiders have stated that negotiations between the European and Australian bottlers are advanced and could be announced within days. The newswire service said details, including on the structure of the deal, are still being finalised and talks could yet fall apart.

It would mark the biggest takeover of an Australian company this year and would trigger a massive shake up of the nation’s alcoholic and nonalcoholic beverage sector that would touch all key segments of the drinks industry including soft drinks, beer, spirits, bottled water, coffee, dairy and juice.
  Forum: By Share Code

nipper
Posted on: Oct 25 2020, 11:50 AM


Group: Member
Posts: 7,636

There is a nice summary of Nickel and other EV minerals, a basket of 105 ASX stocks with exposure to lithium, cobalt, graphite, nickel, and vanadium, .... quite a few doubled or better; with several ten baggers, and just in a 12 month period

https://stockhead.com.au/resources/high-vol...overies-galore/
  Forum: Investment Discussion

nipper
Posted on: Oct 24 2020, 02:26 PM


Group: Member
Posts: 7,636

In 2016 nickel stocks were friendless, brutalised by years of falling prices.

Multi commodity miner BHP had attempted to offload its WA based nickel division a number of times. Western Areas WSA was slashing costs left and right, while Mincor MCR and Poseidon Nickel POS were forced to shut down their operations entirely.

Exploration essentially stopped dead.

Around 2017, the we need a crapload more nickel for batteries thematic emerged from the tail end of company presentations.

These EV demand projections subsequently moved to the front and repeated ad nauseum by nickel companies who were (are still are) largely supplying the stainless steel industry.

But mines take many years to develop. It is the demand outlook which is important, especially for explorers. Recent high profile comments by Tesla's Elon Musk have made this demand story extra palpable to investors. The electric vehicle trailblazer alone could need up to 1.15 million tonnes of nickel a year, almost 50 per cent of current global supply, by 2030 to meet ambitious production targets. It's a seemingly impossible goal, but the intent is there.

WA players are stepping up to the plate. In 2019, a revitalised Nickel West, once the red-headed stepchild of BHP's portfolio, was given 'core' status and the cash to expand operations. About 70 per cent of Nickel West's ~80,000tpa production now goes to battery manufacturers.

A cashed up Mincor has just started project development and will shortly be a nickel miner once again. Poseidon Nickel is considering a restart of its Black Swan operation.

But most importantly; a reinvigorated exploration sector has generated an extraordinary number of high profile WA nickel discoveries over the past 12 months. These company making finds include Julimar for Chalice, Mawson for Legend Mining, Poseidons Golden Swan, Estrella Resources and its Carr Boyd, and Azure with Andover.

https://stockhead.com.au/resources/high-vol...overies-galore/
  Forum: Macro Factors

nipper
Posted on: Oct 24 2020, 08:49 AM


Group: Member
Posts: 7,636

The Grifters, by Jim Thompson, was a great book.
  Forum: Off Topic Chat

nipper
Posted on: Oct 24 2020, 08:39 AM


Group: Member
Posts: 7,636

Share price in the 20s. There is enough cash to drill the Resolution lode; expect news in coming weeks.


https://smallcaps.com.au/navarre-minerals-s...ition-drilling/
  Forum: By Share Code

nipper
Posted on: Oct 24 2020, 08:28 AM


Group: Member
Posts: 7,636

This link, that pops up on the Home page, has a lot of stuff to pursue.


https://www.sharecafe.com.au/2020/10/22/inn...therapy-autism/
  Forum: Investment Discussion

nipper
Posted on: Oct 24 2020, 08:21 AM


Group: Member
Posts: 7,636

Interesting, Mick.

I am offended by his gaucheness, and narcissism, but some of what you say carries an element of truth. My response to people who are in the never camp is; He doesn't exist in a vacuum. His cravenness and theatricality resonates with some.
  Forum: Off Topic Chat

nipper
Posted on: Oct 23 2020, 12:11 PM


Group: Member
Posts: 7,636

Matthew Kidman (Livewire Markets) : A happy hold. We have not had that before. Okay, medical imaging, global leader, Pro Medicus, been a juggernaut. Buy, hold, or sell?
QUOTE
Catherine Allfrey (WaveStone Capital): I am going to go hold on that one. They are hinting at the fact that they have got more hospital contracts lined up. It is very expensive again in terms of the multiples that it trades on, but it is early on in its penetration story. It has got seven of the top 20 hospitals in the US now signed up, which is obviously a positive. It is very well managed company. It has been very successful, but it is a ritzy multiple.

Matthew Kidman (Livewire Markets) : Who would have thought? Little company out of Melbourne, took on the world and now it leads imaging in radiology. Buy, hold or sell?
QUOTE
Jason Kururangi (Aberdeen Leaders): I am going to go with a buy on that. Look again, Pro Medicus, I actually can not say anything different to Catherine. Maybe just we are taking a slightly longer term frame of thinking on the valuation. We think that there is significant upside as they keep rolling out contracts with additional hospitals. And, again, we are happy holders of the stock we've been accumulating over the last six months. So definitely [we] like the story.



33 bucks
  Forum: By Share Code

nipper
Posted on: Oct 23 2020, 11:54 AM


Group: Member
Posts: 7,636

Matthew Kidman (Livewire Markets) : The real nuff nuff. Circuit boards for technicians, Altium. Buy, hold or sell?
QUOTE
Catherine Allfrey (WaveStone Capital): It is a sell for us. They delivered 10 per cent revenue growth last year, and they're forecasting 6 to 12 per cent this year in terms of guidance. And they put out this long term forecast, which the market has lapped up and has just absolutely priced that. So at $40 for our view, it is just too expensive. And we think there could be some interruptions on the way to that five year revenue target. It is not easy to get to that level as they are in a bit of a transition. And so for us, it's a sell.ote]


Matthew Kidman: They have put out a number of bad announcements recently compared to the market, but the market loves international niche players. Altium, buy, hold, or sell?
QUOTE
Jason Kururangi (Aberdeen Standard): It is a buy for us. Look, we take a three year view when we are looking at these stocks. And when we look at Altium, it's a really high quality product. It has got a large addressable market that they are growing into, and there is a transition going on where we expect significant value to be created for us as shareholders. If you look offshore where you have seen transitions to Software as a Service models, they can be very successful. There will be wobbles along the way. And we do not doubt that there could be a bit of a wobble, but we believe in the longterm story and that it will generate significant value for us as shareholders.
  Forum: By Share Code

nipper
Posted on: Oct 23 2020, 11:24 AM


Group: Member
Posts: 7,636

and TLG made it through $1.00
  Forum: By Share Code

nipper
Posted on: Oct 23 2020, 08:56 AM


Group: Member
Posts: 7,636

Sandon Capital are looking at CYG. As an activist investor, their aim is to identify cheap companies and then work with major shareholders to bring change.
QUOTE
We apply a wide range of methods and techniques appropriate for each circumstance
....Changing an underperforming Board
.... Selling non core assets
.... Selling the entire company
.... Demerging high quality businesses
.... Implementing capital management initiatives such as dividends and/or buybacks


Description
CYG supplies industrial products and services to the mining, manufacturing, construction, agriculture and defence industries through two divisions:
(i) Trade Distribution, which distributes fasteners and other industrial products through a network of branches in Australia and New Zealand
(ii) Fluid Systems, which designs, manufactures, and supplies hydraulics, lubrication, fire suppression and refuelling systems and products in Australia

Financial Status
In FY20, CYG delivered its best performance for many years despite the backdrop of shutdowns arising from the COVID 19 pandemic. Underlying EBITDA improved 136% versus the previous year and the company reported its first underlying profit in six years. The company was also free cash flow positive for the first time in six years. The balance sheet is in good shape with net debt of $3.3m at 30 June 2020 and the company has a large degree of financial flexibility having recently increased its securitised trade receivables facility to $40m for a 3 year term.

Covid 19 Impact & Outlook
The major operational impact from COVID 19 on CYG in FY20 was the suspension of operations in New Zealand. Since recommencing operations, sales in New Zealand have rebounded to prior levels. CYG exposures to the infrastructure, commercial construction and mining sectors stands it in good stead to continue to deliver improved financial performance into the medium term. Cost savings implemented in late FY20 and early FY21 should also positively augment earnings in the short term. The major non operational impact has been the inability to close the H.I.S Hose acquisition due to the Victorian Government metropolitan Melbourne lockdown. We expect this acquisition to close when lockdown restrictions ease.
  Forum: By Share Code

nipper
Posted on: Oct 22 2020, 08:35 AM


Group: Member
Posts: 7,636

or not.... looks like it might be one of those offers too good to refuse?

PROPOSED SALE OF CLOUDTEN AND DWX FOR $25M
CyberCX, one of Australia's leading cyber security services organisations, proposes to acquire 100% of the shares in both Cloudten Industries Pty Ltd and Decipher Works Pty Ltd, based on the following key terms:
• total consideration reflecting a combined enterprise value of $25 million, on a cash free and debt free basis, with normal level of working capital;
• 100% paid in cash on completion; and
• sale completion is subject to the following key conditions:
... Vortiv shareholder approval;
... CyberCX gaining FIRB approval to acquire the Business;
... retention of key staff and key customers; and
... no material adverse change occurring in the Business prior to completion.

As the Business presently represents the main undertaking of Vortiv, the Board will convene an Extraordinary General Meeting, scheduled for early December 2020, to obtain the approval of Shareholders as required under ASX Listing Rule 11.2, for the sale of the Business to CyberCX.
Where Vortiv shareholders vote in favour of the transaction, it is then expected to proceed to Completion on or around 18 December 2020.

UNANIMOUS BOARD RECOMMENDATION
The Directors unanimously recommend that Shareholders vote in favour of the transaction, in the absence of a superior proposal emerging. Further, each Director who is also a shareholder and who is not otherwise restricted from voting intends to vote in favour of transaction.

USE OF SALE PROCEEDS
Subject to completion of the transaction, Vortiv intends to return approximately $20 million to shareholders, in the form of a limit based equal access share buyback (Buyback). This amount represents the vast majority of net sale proceeds after accounting for estimated tax payable on the gain on sale of the Business plus legal and advisory costs directly associated with the transaction, collectively totalling approximately $3 million. Vortiv is applying for an ATO Class ruling which seeks confirmation of the related tax treatment of the Buyback. Such ruling is expected to be received by January 2021, with the Buyback to proceed shortly thereafter.

BUYBACK
The Company will set a limit of $20 million (to undertake the Buyback, with the buyback price to be set with reference to the share price at that time. Shareholders will be able to tender as many or as little shares as they choose to be bought back by the Company, up to their full holding.
At the conclusion of the Buyback offer period, all buyback requests will be tallied. Where there is an undersubscription (i.e. less shares tendered for sale by shareholders than the Limit set by the Company), then all shares tendered will be bought back by the Company and such shares subsequently cancelled.
Where there is an oversubscription (i.e. more shares tendered for sale by shareholders than the Limit set by the Company), then all offers to sell Shares will be proportionately scaled back. All shares bought back by the Company will be subsequently cancelled. This mechanism provides shareholders with a choice to stay invested in the Company as it continues to pursue new acquisition opportunities.

INTENTIONS FOR VORTIV POST TRANSACTION
Following completion of the Transaction, the Board intends Vortiv remains an ASX listed company, with its shareholding in TSI India, then forming the main undertaking. The Board has identified acquisition opportunities in the Australian technology sector that can complement the Company's exposure to ATM and associated payments technology which the Company has through its shareholding in TSI India. These opportunities are currently at an early stage and may not ultimately progress to a transaction. A further update to shareholders will be provided at the appropriate time.
Where the Company proceeds with an acquisition which is either significantly larger in value than its shareholding in TSI India and/or in a different industry segment, ASX will invariably exercise its discretion under Listing Rule 11.1.3 to require the Company to re-comply with ASX's admission and quotation requirements
  Forum: By Share Code

nipper
Posted on: Oct 21 2020, 07:50 PM


Group: Member
Posts: 7,636

CEO Brad Banducci said digital engagement with customers on everything from providing opening hours to helping them curate online shopping lists was the key with the retailer expecting a boom in its digital platforms in the next few years.

QUOTE
Digital is the key. We have got somewhere in the order of 12 million digital visitations a week at the moment inside Woolworths supermarkets, somewhere around 19 million physical transactions, and I fully expect within the next 18 months we will have one to two times as many digital interactions as physical.

So they (digital) are critically important, they really help the customer on the journey, and that is of course especially true and has been especially true in a time of COVID where customers really want to plan, even if they shop a physical store, a very safe, seamless and quick experience.


Mr Banducci said there still remained a critical role for its physical stores in supporting the digital transformation and online shopping with around 85 per cent of groceries ordered online picked and packed from Woolworths bricks and mortar supermarkets. This meant Woolworths would continue to sweat the physical assets to maintain efficiencies and keep costs down as it pivoted to ecommerce solutions.

QUOTE
It means we have to sweat our physical infrastructure, we need to continue and creatively redesign our stores and redesign the way we pick products for our customers in the stores, how we rout our personal shoppers around the store to make sure it is a fully in stock pick and that we actually pick the right products for the customers, and the right level of freshness.

  Forum: By Share Code

nipper
Posted on: Oct 21 2020, 01:38 PM


Group: Member
Posts: 7,636

hit 38c today

Acquisitions, integrations proceeding apace
QUOTE
Tesserent Limited, the parent company and brand has two primary customer facing market brands:

● Federal Government: North Security will (from 1 October 2020) absorb Seer Security (Canberra) and Ludus Cybersecurity, and will remain focused on serving the Federal Government, Law enforcement and Defence; and

● Private Enterprise and State & Local Government: Pure Security with the recently absorbed Rivium business and the more recently acquired Airloom business, will remain focused on supporting private enterprise and State & Local Government.

Future Cyber 360 capabilities that are required, such as iQ3 Secure Cloud Services and other potential proprietary solutions, will be strategically positioned to complement the above strategy.


And revenue coming in as projected
QUOTE
1. New Federal, State and Local Government contract wins across the Group in excess of $6M in the September quarter
2. The Group retained 100% of existing Federal Government clients with most contracts extended through to the end of the calendar year and beyond
3. Significant enterprise contract wins in aggregate in excess of $4M in the month of September with large Financial Services, Insurance, Advertising and Media organisations

4. Continued growth of the firm's annual recurring revenue streams from new and existing locked-in annuity contracts now in excess of $30M per annum
  Forum: By Share Code

Poll: The Banks
nipper
Posted on: Oct 20 2020, 03:49 PM


Group: Member
Posts: 7,636

kicking the can down the road.
https://www.youtube.com/watch?v=fR4HjTH_fTM.
https://www.youtube.com/watch?v=cqPx7xxx9vw
  Forum: Investment Discussion

nipper
Posted on: Oct 20 2020, 10:02 AM


Group: Member
Posts: 7,636

trying to figure out if Dropsuite has any identifiable attributes
QUOTE
based in Singapore and operates a global cloud backup platform targeting small and medium enterprises through web hosting companies as IT resellers.

Dropsuite products include website and database backup, email backup and archiving and file-based server backup.
since backing into a defunct miner (Excalibur) in late 2016, it has performed in fits and starts; most recently with reports US fund managers have been buying in, the share price ahs risen from around 6c to near double that, in the last week.

As usual, there are many tech hopefuls in the IT space. DSE seems to use resellers to get customers for their services. Is this efficient? Will it become the standard, the industry benchmark? Possibly but possibly not. Like most, getting traction is hard and a lot of effort is needed to build. Scale might follow but there is equally a downside. One customer deleted a significant proportion of its email users as they were moribund, and then DSE dropped as its reportable metrics, the Run Rate, had a lurch.
  Forum: By Share Code

nipper
Posted on: Oct 20 2020, 08:22 AM


Group: Member
Posts: 7,636

Vortiv is in a Trading Halt; the
QUOTE
Company expects to make an announcement to the market regarding a sale of business.


Likely to be the TSI bit, described as latent. Vortiv 25% passive investment in TSI India revised to $5.5 million
  Forum: By Share Code

nipper
Posted on: Oct 19 2020, 03:22 PM


Group: Member
Posts: 7,636

and a trifecta. From peter2 elsewhere:
QUOTE
Problems with ANZ .. CMC again. Data not updating quickly, orders not being acknowledged as accepted or placed in the post auction.
I may have entered duplicate orders or nil. I haven't a clue. We're paying top dollar for this crap service

  Forum: Investment Discussion

nipper
Posted on: Oct 19 2020, 02:39 PM


Group: Member
Posts: 7,636

dropping into the 80's, close where the rights issue was struck, a year ago
  Forum: By Share Code

nipper
Posted on: Oct 19 2020, 02:24 PM


Group: Member
Posts: 7,636

Interesting opportunity:

Large industry competitors have consolidated and are now focused on centralised manufacturing with reduced service levels
QUOTE
▪ The chemical industry has experienced a period of consolidation, with suppliers removed from customers
▪ This has created large industry competitors that are not customer focussed, rather focussed on product manufacturing with reduced customer service levels

as you say, tricky during Covid times
  Forum: By Share Code

nipper
Posted on: Oct 19 2020, 12:29 PM


Group: Member
Posts: 7,636

Open an account. Read widely. Run a watchlist. Understand the company you are wishing to buy. Do paper trades. When it comes to committing your money, with luck you will lose some but not all, and this will be a salutary lesson.

(I mean that kindly. Experience is the only teacher. If all these systems and analyses were so good, how come their proponents haven't retired rich).
And in the paper today
QUOTE
A trio of derivatives trading firms that targeted retail investors with high-risk products have been hit with a $75 million penalty by the Federal Court in a case brought by the corporate regulator.

AGM Markets will pay a fine of $35 million while OT Markets and Ozifin will pay $20 million each after Justice Beach found the firms had engaged in unconscionable conduct.

That resulted in clients losing around $32 million from trading complex and risky Over the Counter Derivatives such as contracts for difference.

The ruling will result in about 10,000 former clients receiving refunds from the firms which have been placed in liquidation. He said that while CFDs may be used as legitimate investments to hedge risks, most retail investors lost money trading these products due to excessive leveraage.






  Forum: Off Topic Chat

nipper
Posted on: Oct 19 2020, 11:22 AM


Group: Member
Posts: 7,636

from Betashares
https://www.sharecafe.com.au/2020/10/19/whe...he-money-going/

Chatting to advisers and investors on a daily basis, a question I frequently get asked is: Where is the money going in ETF land?

Key points:
  • Aussie and International equities have dominated
  • Almost all ETF asset classes have seen positive flows so far year to date
  • Strong net inflows to short funds, gold and ethical exposures
Given the volatility and uncertainty we have seen in the markets this year, it was interesting to pull the Year to Date (1 Jan 2020 to 30 Sep 2020) flows from the ASX.

Source: ASX monthly ETP data.


Australian Equities



When considering Australian equities flows, there is one clear observation – broad market exposures dominated, with just over $3.5 billion in net flows. Broad market exposures are generally made up of very liquid, large companies that trade on the ASX. There may be several reasons why this asset class has seen the largest flows:
1. Many active managers failed to outperform their benchmarks over the past year
2. Investors are identifying value within Australian equities
3. Broad market Aussie equity

ETFs involve less stock-specific risk than direct holdings/stock-picking An example of an ETF within this space is the BetaShares Australia 200 ETF (ASX: A200), that aims to track the performance of an index (before fees and expenses) comprising 200 of the largest companies by market capitalisation listed on the ASX. A200 is also the cheapest Australian equities exposure in the market, with management costs of 0.07% p.a.

International Equities


Coming in at #2 is international equities. By further breaking down the asset class, we can obtain a better understanding into the exact exposures these flows have gone into.

Firstly, 'quality' as a factor is a real standout from a performance perspective. Given the unprecedented times, it is no wonder quality exposures have seen flows, with around $400 million in inflows into quality ETFs to 30 September. Historically, companies with quality factors have tended to outperform the broader global market during the slowdown and contraction phase of the economic cycle, and typically have demonstrated lower volatility and drawdowns in falling markets and periods of heightened volatility.

Of flows into U.S. equity funds, ETFs providing exposure to the Nasdaq 100 Index took the lion's share, with the BetaShares NASDAQ 100 ETF (ASX: NDQ) and the BetaShares NASDAQ 100 ETF Currency Hedged (HNDQ) attracting ~$380 million in new money between them – unsurprising given the strong performance of the global technology sector so far in 2020.

Fixed income
With the prevailing market volatility and uncertainty so far in 2020, it is no surprise to observe strong flows into the defensive side of the market.

For yield hungry investors, we saw hybrids exposure obtain a large share of inflows with over $190 million. Hybrids were accessed via the actively managed BetaShares Active Australian Hybrids Fund (Managed Fund) (ASX: HBRD) that is paying a 12 month gross distribution yield of 3.9% (as at 1 October 2020).

For more defensive investors, we saw strong flows into core Aussie and Global bond indices, with Australian Government bonds a standout.

Short Funds
If any statistic is going to highlight overall market sentiment, this could be the one. For those who may not be aware, BetaShares has a suite of short funds that are designed to provide a negative correlation to the market ; i.e. to increase in value when the sharemarket goes down (and vice versa). At the height of the market turmoil in March and April, we saw more than $200 million in new money flow into short funds on the ASX, as bearish investors sought to profit from a falling market or hedge their current equity exposures.

To put things in perspective, as at 6 October, total funds under management (FUM) in the BetaShares short funds stood at ~$840 million, compared to FUM at 1 January 2020 of $293 million.

Gold
Given recent market volatility, and considering gold has traditionally been viewed as a 'safe-haven' asset, we have previously written about why there are still plenty of reasons to consider an investment in gold. Gold has seen a consistent and high level of total flows this year. Investors can obtain cost effective exposure to gold via the BetaShares Gold Bullion ETF .. Currency Hedged (ASX: QAU).

Ethical Funds
One last asset class to highlight ... Ethical or ESG strategies. This year has seen large and growing inflows into ethical ETFs with over $900 million YTD. Since December 2016, the market cap of ethical ETFs in Australia has grown over 800% (~$1.9 billion).

Since the start of the pandemic, the knock-on effects of lockdown, including restricted movements of people and the shutdown of industrial activity, have had significant impacts on global carbon emissions and the way we work. Now, as we consider how best to shape the economy coming out of the crisis, ESG considerations are again coming to the forefront of investment decisions.

The range of BetaShares ethical ETFs provides true to label ethical exposures to companies or bond issuers that are well-positioned to thrive in a more sustainable and increasingly digital future economy. These funds have also captured a large portion of total ethical asset class flows to date.

Summary
Just because an asset class is receiving large inflows does not necessary mean it will perform well. It is, nonetheless, always interesting to observe where the money is flowing into and out of, to get a sense of sentiment within the overall market, and what is resonating with different types of investors
  Forum: Investment Discussion

nipper
Posted on: Oct 19 2020, 09:57 AM


Group: Member
Posts: 7,636

There is a good review on Home page


https://www.sharecafe.com.au/2020/10/16/cen...aguar-prospect/



Key Catalyst

Drilling at the Jaguar Central Deposit intersects thick semi massive to massive nickel sulphides, confirming downdip extensions of previous high grade intercepts which remain open.

CTM is reaping the rewards of maintaining focused exploration activity, following its recent company making acquisition of Vale's 100% owned Jaguar Nickel Sulphide Project in Brazil. Jaguar represents an at surface nickel sulphide project, where a maiden JORC 2012 compliant resource of 48.0mt @ 1.08% Ni for 517,500 tonnes of nickel was recently announced to the market.

The Jaguar Deposit is unique in the nickel sulphide space, as the high grade nickel sulphide mineralisation comes almost to surface, whilst also continuing at depth. More than 80% of the nickel metal in the maiden Resource lies within 200m of surface, demonstrating the strong open pit potential of the Project. Jaguar is already one of the largest near surface undeveloped nickel sulphide projects in the world and CTMs deepest hole to date extends to a depth of just 300m, which in a nickel sulphide context means CTM has only just scratched the surface.
  Forum: By Share Code

nipper
Posted on: Oct 19 2020, 09:47 AM


Group: Member
Posts: 7,636

CommSec does not seem much better, at present. Last week, intermittently, no graphs or Announcements. Often slow to load.
QUOTE
We are aware that some clients are facing issues with the mobile app and website, relating to announcements and indicative pricing data, and we are currently investigating further. We are sorry for the inconvenience and are working hard to have this fixed as soon as possible
  Forum: Investment Discussion

nipper
Posted on: Oct 19 2020, 09:45 AM


Group: Member
Posts: 7,636

On October 19th, 2020, Blue Sky Alternatives Access Fund Limited (BAF) changed its name and ASX code to WAM Alternative Assets Limited (WMA).
  Forum: By Share Code

nipper
Posted on: Oct 19 2020, 08:55 AM


Group: Member
Posts: 7,636

and that new incarnation has not gone smoothly
QUOTE
Cyclone Metals CLE will be suspended from quotation immediately in accordance with Listing Rule 17.3, as ASX has determined that CLE’s operations are not adequate to warrant the continued quotation of its securities

  Forum: By Share Code

nipper
Posted on: Oct 19 2020, 08:44 AM


Group: Member
Posts: 7,636

QUOTE
no major event over the weekend

!!! NZ elects a leader in a policy free popularity contest !!
!!! ACT re-elects a government where the Green tail wags the Labor dog !!
  Forum: Macro Factors

nipper
Posted on: Oct 18 2020, 01:46 PM


Group: Member
Posts: 7,636

Basically ran up to $7-8 after IPO, then hovered along there for a while. Dropped to $6 during Covid panic .....and now $18 a share.





  Forum: By Share Code

nipper
Posted on: Oct 17 2020, 10:26 AM


Group: Member
Posts: 7,636

The Daigou phenomenon; on last legs?
https://www.abc.net.au/news/2020-10-17/has-...ndemic/12761376
QUOTE
..Even before the pandemic, Chinese consumers were increasingly looking for cheaper and more efficient ways to connect with Australian products. Jeremy Hunt, a former business executive of Swisse, told the ABC that new online platforms had had an overwhelming impact on the daigou model.

QUOTE
For safety concerns, they prefer products produced or stored in China, because parcels may contract COVID 19 during delivery from overseas, one importer said

QUOTE
About 1,000 brick-and-mortar specialty stores catering to this demand are dotted across Australia, but many are now closed...
  Forum: Investment Discussion

nipper
Posted on: Oct 16 2020, 12:25 PM


Group: Member
Posts: 7,636

no, but will have a look.

(Is Creasy getting rid of dross, or letting someone else pay for all the work.)
  Forum: By Share Code

nipper
Posted on: Oct 16 2020, 11:10 AM


Group: Member
Posts: 7,636

given up on Mexico. Now it is Pilbara Nickel & Gold
QUOTE
4 PROJECTS ACQUIRED FROM MARK CREASY

1. Andover Nickel-Copper Project: 60% Azure / 40% Creasy
2, 3, 4. Turner River, Meentheena & Coongan Gold Projects: 70% Azure / 30% Creasy

Acquisition cost: 40M AZS shares
No royalties or further payments Creasy free-carried to Decision to Mine

CREASY NOW 19.1% SHAREHOLDER IN AZS
  Forum: By Share Code

nipper
Posted on: Oct 16 2020, 10:49 AM


Group: Member
Posts: 7,636

no .... if it is a competition, then I win smile.gif
(too early in morning.... MAQ would be more appropriate)
  Forum: By Share Code

nipper
Posted on: Oct 16 2020, 08:21 AM


Group: Member
Posts: 7,636

MTU is now well into the $40 to $50 per share range, and has had a pivot away from pure telecoms towards data, the cloud and specifically data centres, as well as attendant cyber security, as the sector rides a wave of increased demand for information storage, spurred on during the pandemic disruption.
QUOTE
Three data centres at Macquarie Park will have a total capacity of 43 megawatts and when the campus is completed, the data centres business of Macquarie Telecom Group will have invested close to $500 million. Another data centre is nearing completion at Macquarie's Canberra campus, which will hold two facilities.
David Hirst, Macquarie Data Centres group executive, said the pandemic disruption had both accelerated existing demand and created new demand, such as rapid take up of video conferencing for both work and with friends. There are more people on more video than there has ever been before, he told The Australian Financial Review.
Such uptake added to broader trends already driving demand for data storage, including the journey to the cloud, as more companies shifted their operations online, the internet of things, as well as e-commerce and the automation of supply chains. COVID has obviously put us in an environment where those things have been accelerated. Those trends are here to stay for many years to come. All that data has to be stored, analysed, computed. It lives in clouds. Clouds live in data centres.

The new IC3 facility is designed to meet the needs of global companies, particularly hyperscalers and Software as a Service providers, he said.

Consumer expectations for high-quality digital experiences are on the rise and have been accelerated by COVID. Global SaaS companies, like the Netflix and Zooms of the world, need local data centres in region to help deliver on these expectations and ensure quality customer service, he said.
  Forum: By Share Code

nipper
Posted on: Oct 15 2020, 04:07 PM


Group: Member
Posts: 7,636

T/O unconditional.

https://stockhead-com-au.cdn.ampproject.org...-green-light%2F
  Forum: By Share Code

nipper
Posted on: Oct 15 2020, 01:20 PM


Group: Member
Posts: 7,636

AGM held today. Some takeouts...we are pleased to have been able to deliver 3 things to our shareholders :
.. Firstly by outperforming the ASX 200 Index by 3.5% we have softened the downturn in such a disruptive year. This is achieved in a portfolio exhibiting lower volatility than the market .
... Secondly we have kept the cost of running AFIC to just 0.13% allowing almost all of our income to flow through to our shareholders. This is very competitive against other investment funds.
.... Thirdly our policy of accumulating some profit and franking reserves in good years has allowed us to pay a steady 24c annual dividend despite our earnings falling to 19.9c due to significant dividend cuts or deferrals.
We have had a lot of queries as to our likely dividend this year. Unfortunately, as it is early in what will remain a difficult year for many companies we can not make any reliable forecasts yet. Suffice to say we are well aware of the importance of dividends to our shareholders in these difficult times.
. . . . . . . . .
Acknowledging our rising capabilities in understanding and analyzing global companies, along with the heightened flow of information through technology, the Board wanted to test whether our established successful style would work with International Equities. Over the past year we have put together and followed a model international portfolio based on our investment principles and processes the results to date are encouraging.
As a result the Board believed it was now time to actually invest a small part of our funds (up to one and a half percent) in this diversified global equities portfolio. It will consist of high quality companies with strong competitive advantage, good growth potential and offering a broader range of industries. It will add to the growth prospects and diversification of our existing Australian based portfolio.
Down the track, when the performance has been assessed, we will consider whether it represents an opportunity for our shareholders and other investors to invest in this global portfolio directly.
  Forum: By Share Code

Poll: The Banks
nipper
Posted on: Oct 15 2020, 09:11 AM


Group: Member
Posts: 7,636

My post was about the RBA stating in their view the banks have enough firepower to withstand shocks that will likely come. CET1 is a concept, and the reserves enough to withstand the losses that any fractional banking throws up in times of stress.

The economy is another matter.
  Forum: Investment Discussion

nipper
Posted on: Oct 15 2020, 08:14 AM


Group: Member
Posts: 7,636

Lynas must have the Kalgoorlie cracking and leaching plant operating by mid 2023 under a deadline set by Malaysian authorities to cease cracking and leaching and storing associated low-level radioactive waste in that country.

Speaking at the Diggers and Dealers conference, Lynas vice-president of upstream Kam Leung said while the company had received good political and government support, some countries went further in backing downstream processing.
QUOTE
In other countries, governments actually co-invest or they actually subsidise some of these critical projects, he said.
We were very pleased when the City of Kalgoorlie-Boulder said they wanted to co-invest in this project. They wanted to provide us with water, they wanted to provide us with services to gate, they wanted to upgrade roads for us. And we would certainly welcome the same from the state and federal governments.

Mr Leung said there had long been an almost universal desire in Australia for more downstream processing but such project rarely went ahead. He said the journey was made difficult by a lack of experience, high capital costs compared to other jurisdictions, expensive overland transport and labour costs that were many, many times higher than they are overseas
.

In WA, big ticket downstream lithium and nickel processing projects have been hit by long delays and cost blow outs over the past two years.

Lynas believes it is much better placed than most to make the transition to onshore processing as it looks to truck rare earths from its Mt Weld mine near Laverton to the Kalgoorlie plant before sending the semi processed material on to Malaysia.

It has the experience of building and operating the existing cracking and leaching plant at its $1 billion processing hub at Kuantan on Malaysia's east coast and can do the high-level engineering inhouse.

While they will be of similar production capacity, the Kalgoorlie plant will have just one kiln, six metres in diameter and 110 metres long compared to four kilns at Kuantan. The Kalgoorlie design is expected to cut capital and operating costs.

Lynas has just cleared a major hurdle in the Commonwealth environmental approvals process after earlier concerns the naturally occurring radioactive materials present in rare earths concentrate and in the iron phosphate by-product could trigger the definition of "nuclear action" under the Environmental Protection and Biodiversity Conservation Act.

The Commonwealth green light effectively means the Kalgoorlie project and the associated waste storage that caused Lynas problems in Malaysia will be regulated to the WA government only.

https://www.afr.com/companies/mining/lynas-...20201014-p5650u
  Forum: By Share Code

Poll: The Banks
nipper
Posted on: Oct 14 2020, 06:09 PM


Group: Member
Posts: 7,636


Financial systems in Australia and internationally are resilient but face substantial risks

Australian businesses and households are generally in a strong financial position but some will struggle in the near term

The Australian financial system has the strength to withstand the economic downturn and support the economic recovery
QUOTE
While the Australian financial system is in a strong position, risks are elevated. These risks to the financial system would be exacerbated by a weaker-than-expected economic recovery, for example, stemming from further setbacks on the health front or international political tensions.

However, stress tests of the Australian banking system indicate under a baseline scenario based on the economic forecasts in the Bank's August 2020 Statement on Monetary Policy (SMP) banks will remain very well capitalised, not even entering their capital conservation buffers. Even if the economic contraction is substantially more severe under a downside scenario, banks would remain above their minimum capital requirements.

Given their strong balance sheets, banks will be well placed to continue lending, supporting the economic recovery and so in turn the Australian financial system.
https://www.rba.gov.au/publications/fsr/202...t/overview.html
  Forum: Investment Discussion

nipper
Posted on: Oct 14 2020, 02:32 PM


Group: Member
Posts: 7,636

and furthermore, in world of the Lithium chemicals (not Lithium as a commodity)

https://www.globallithium.net/articles

My top nine assumptions (for better or worse) over the next five years are:

1) WA Spodumene oversupply moves to tightness then short supply within 12 to 18 months moving the right hand side of the lithium chemical cost curve up ~ 30%. Before the end of 2022, China spot pricing for battery quality lithium carbonate and hydroxide will exceed contract pricing in Korean and Japan which will increase more slowly just as it did in 2016 to 2018 returning to the mid teens. Delayed investments in chemical capacity will create a great pricing environment for all lithium chemical producers that could last beyond 2027 depending on how much longer investment is delayed.

2) Conversion capacity in Europe is starting up by 2024 with feedstock from Australia giving companies like Pilbara and Altura more partnership options. Wesfarmers and SQM breakup leaving Wesfarmers free to fully leverage their chemical skills at Mt. Holland and bringing joy to those longing for a Lithium Valley in WA. Wodgina starts back up after it becomes obvious the capacity is needed.

3) The Atacama struggles to reach 200K MT of production with less than 75% being battery quality, a far cry from the 400K MT forecast just a few years ago.

4) In Argentina, Minera Exar produces from Cauchari and begins phase II becoming Argentina's top producer, Livent finally expands but doesn't exceed 25K MT LCE until 2024. Orocobre proves building a hydroxide plant in Japan wasn't a great idea and struggles to meet tight specifications. Galaxy and POSCO remain also rans with production of less than 10K combined by 2025.

5) Lithium America Thacker Pass validates the US as a significant lithium producer by mid-decade and because the US government did not allow Ganfeng to invest in Thacker Pass, LAC is viewed as a standalone lithium power and the newest major. Standard Lithium & Lanxess validate special situation DLE in Arkansas. The word lilac continues to symbolize purity, innocence, happiness, tranquility, love and passion depending on the color but has no lasting meaning in the lithium space.

6) In 2025 lithium carbonate still provides at least 55% of the LCEs going into battery.

7) In 2025, Quebec is still touted for great potential but has zero lithium chemical production. Pallinghurst recovers from the embarrassment of their 2020 folly of throwing more money at Nemaska.

8) By 2022, at least two large multinational companies not currently involved in lithium make significant investments enabling the industry to catch up with demand by 2030.

9) The lithium assets of Albemarle change hands and the new entity becomes the clear global #1 lithium company edging out my friends at Ganfeng who still dominate China with their "ecosystem" but struggle to transplant their culture globally.
  Forum: By Share Code

nipper
Posted on: Oct 14 2020, 12:37 PM


Group: Member
Posts: 7,636

the Joe Lowry podcasts on Lithium are interesting. Folksy, long, sometimes unfocused, but interesting


https://www.globallithium.net/podcast

most of the podcasts are with market participants, and the common themes seem to be around
... the current state of the lithium market and ponder when the the current oversupply situation will turn to shortage.
... thoughts on the ability of the industry to respond to the anticipated steep growth in lithium demand in the coming decade and the opportunities a global lithium battery build out will offer.
.... that a tight lithium chemicals market and price spike are coming based on the lack of investment in new hard rock and brine capacity in recent years....
  Forum: By Share Code

nipper
Posted on: Oct 14 2020, 10:50 AM


Group: Member
Posts: 7,636

On October 13th, 2020, Cape Lambert Resources Limited (CFE) changed its name and ASX code to Cyclone Metals Limited (CLE).


The Company holds a significant shareholding in ASX listed Cauldron Energy Limited (ASX: CXU) and FE Limited (ASX: FEL). The share price in both these entities has increased over the last few weeks hence increasing the value of Cape Lambert’s investments.

and a month ago:
NEW EXPLORATION LICENCE APPLICATIONS OVER COINCIDENT GEOCHEMICAL REE AND GEOPHYSICAL GRAVITY ANOMALIES IN NW WA
Highlights
... Applications for two tenements covering 297 graticules in the Carnarvon Basin 33km from the North West Highway east of Shark Bay
... Coincident geochemical rare earth element (REE) and geophysical gravity/TMI anomalies identified with deep gravity low interpreted as a buried diatreme structure.
... Interpreted structure similar in size to the Mt Weld REE deposit.
  Forum: By Share Code

nipper
Posted on: Oct 13 2020, 03:56 PM


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Posts: 7,636

Saunders announced one of its largest wins to date, with a $26 million contract to assist in the redevelopment of fuel infrastructure within the Larrakeyah precinct in Darwin.

QUOTE
This win further highlights the diversification strategy that SND has embarked on in terms of both client base and the range of projects. In addition to having a record order book, given there is a number of large government tender opportunities concluding over the few months, we believe the opportunity exists to continue this recent momentum.

It was also pleasing to see the appointment of Nick Yates (former CEO of BSA) as an Independent Director, who possesses significant contracting and public company experience. Over time, we believe a transition to a majority independent board with an independent Chairman would be in the best interests of all shareholders.
  Forum: By Share Code

nipper
Posted on: Oct 13 2020, 12:41 PM


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Posts: 7,636

A gigafactory opening at Newcastle.

https://www.pv-magazine-australia.com/2020/...-in-tomago-nsw/
  Forum: Investment Discussion

nipper
Posted on: Oct 12 2020, 08:00 PM


Group: Member
Posts: 7,636

WA exploration flat tilt

Just over $209 million was spent on gold exploration in WA in the June 2020 quarter ... an alltime record according to the Australian Bureau of Statistics.
https://www.abc.net.au/news/2020-10-11/mode...ection=business

The surge in exploration activity is also affecting the laboratories which test the drilling samples. SGS Australia [has a] Kalgoorlie lab typically processing about 50,000 samples a month. Since June, the company has seen a dramatic increase of 30 per cent in samples.

It means companies are paying up to four times the going rate for same day turnarounds, while others can be waiting up to six weeks for their results. SGS Australia general manager of geochem, metallurgy and minerals trade Juan Smith said this year's turnaround had come
QUOTE
... faster than we expected. We have four commercial facilities around Australia, he said. Our Perth facility is doing double what our Kalgoorlie facility is.
  Forum: Macro Factors

nipper
Posted on: Oct 12 2020, 07:51 PM


Group: Member
Posts: 7,636

sometimes, when I see mention of Lithium, Gold, cobalt, Nickel then to massive sulphides, it seems to be a pig in a poke. Throw a dart
  Forum: By Share Code

nipper
Posted on: Oct 12 2020, 03:38 PM


Group: Member
Posts: 7,636

Encounter has popped some 40% since the news of BHP deal, less than a month ago

but then, the whole Au Cu exploration scene has surged
  Forum: By Share Code

nipper
Posted on: Oct 12 2020, 02:21 PM


Group: Member
Posts: 7,636

On January 21st, 2020, Metminco Limited (MNC) changed its name and ASX code to Los Cerros Limited (LCL).
QUOTE
.... an ASX listed exploration and mining company. It is advancing a strong portfolio of exploration projects located in Colombia and Chile, mainly focused on gold, but with significant exposure to copper, molybdenum, and zinc. Projects range from early stage exploration, through advanced stage exploration to feasibility.
  Forum: By Share Code

nipper
Posted on: Oct 12 2020, 12:38 PM


Group: Member
Posts: 7,636

a mate has been in SA, now travel is possible. .... a well informed buyer, he said sales at the cellar door of Penfolds premium and masstige reds by the dozen are significantly cheaper than Dans or 1ere Choix.


Covid and pushy Chinese; which is more to blame>
  Forum: By Share Code

nipper
Posted on: Oct 12 2020, 10:25 AM


Group: Member
Posts: 7,636

and up another 10%
QUOTE
Mine to magnet supply chain
PM8 now looking at a study into the establishment of an integrated rare earth processing facility in the UK, using the Angola RE resource.
Looking to supply for the Dogger Bank project, touted to be the world’s biggest wind farm, for the next 20 years. Located 130 km (80 miles) off the Yorkshire coast, the Dogger Bank wind farm will be powered by an array of 260 metre high Haliades X 13MW turbines, each requiring over 7 tonnes of permanent magnets.
  Forum: By Share Code

nipper
Posted on: Oct 12 2020, 10:21 AM


Group: Member
Posts: 7,636

and Private Equity coming for Link.

Carlyle Group and Pacific Equity Partners have lobbed a $2.8 billion bid for Link Administration.

Perpetual, which owns 9.65 per cent, says it will support the $5.20 a share conditional and non binding indicative offer for the funds administration platform and 44.2 per cent owner of property setttlements platform PEXA.
  Forum: By Share Code

nipper
Posted on: Oct 12 2020, 09:48 AM


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Posts: 7,636

OptiComm advises that on Monday, 12 October 2020, it received a proposal from Aware Super to make an offmarket takeover offer for all of the shares in OptiComm for $6.50 per share (including a fully franked special dividend of $0.10 per share
  Forum: By Share Code

nipper
Posted on: Oct 11 2020, 02:35 PM


Group: Member
Posts: 7,636

stall speed??

....over the past two years FGR has been involved with a lengthy path of product verification. Have a look at the large number of products that we have successfully shown can be significantly enhanced with the addition of PureGRAPH®. These products will form the basis of the push to commercialise our business, but they are only the start of that journey.


Some shareholders have complained about the time it is taking to show sales in our books. Admittedly, it is taking longer than we first anticipated, but that is typical of disruptive technology. Just proving that something is better does not alone generate sales overnight. I would suggest those shareholders stop looking in the rearview mirror at audited accounts and cash flow statements. Instead, they should be looking ahead at the doors which are opening with the strongly positive test results, for these will lead to a strong sales book.


It has been a long-held belief that graphene is a revolutionary nanomaterial which will enable a new generation of products to perform much more efficiently. The key point to recognise is graphene is an enabler which will be combined with existing product lines as opposed to a stand alone product itself. It is not simply a matter of substituting one product for another, which would be an easy decision to make; in with the new and out with the old. The need to integrate graphene, with its benefits into existing products, is a much more complicated process than one might first imagine. Manufacturing companies already using the state of the art processes will be sceptical of anything that suggests otherwise. Industry leaders will already be operating from a position of strength so they will not rapidly adopt new technologies if there is no urgent need to do so. Recognition of this observation goes a long way to explaining why the large-scale adoption of graphene enhanced products is taking its time.
  Forum: By Share Code

Poll: The Banks
nipper
Posted on: Oct 11 2020, 09:23 AM


Group: Member
Posts: 7,636

I am finding it all too hard to think there is any ability in predicting the pathway.

All I said in my post is that, with a few conditionalities, banks may be oversold, especially if anticipated job and housing markets are not as bad as appear to be factored in. That is a short term view.
  Forum: Investment Discussion

Poll: The Banks
nipper
Posted on: Oct 10 2020, 04:05 PM


Group: Member
Posts: 7,636

The four major banks are all still trading well below their late February 2020, pre Covid, peaks. At that juncture, they were all trading at two to three times book value.

ANZ hit $27.24 at that time, and is now at $18.54. After rising to $27.40 in February, NAB is languishing at $18.76. Westpac was at $25.81, and is now down at $18.12.
If, as a metric, returns on equity in the current climate converge to their cost of equity, the four major banks should trade at about one to 1.5 times book value. ANZ is now at 0.86 times, NAB at 0.99 times, and Westpac is at 0.97 times. In contrast, CBA appears much more expensive at 1.67 times book.


Most recently, the major banks forecast that national house prices would fall by more than 10 per cent (CBA projected a 12 per cent loss) while they expected the unemployment rate to finish this year at 9 per cent. These numbers have driven their default and loss assumptions, and hence their provisioning for bad debts. If these estimates are too gloomy, then the writing back of such pessimistic projection estimates could see BV restore towards the 1.2 to 1.5 range, and bank shares rise accordingly. All depends on the housing and job markets.
  Forum: Investment Discussion

nipper
Posted on: Oct 10 2020, 02:00 PM


Group: Member
Posts: 7,636

But from Pensana point of view, moving from 17% to 23.1% triggers something when 19.9% is exceeded??
  Forum: By Share Code

nipper
Posted on: Oct 9 2020, 01:34 PM


Group: Member
Posts: 7,636

yep, I read that announcement.
not only close (enough) to Hastings HAS ground .... Mt Clere, in the Gascoyne Region of WA, is prospective for: Rare Earth Elements; Heavy Mineral Sands; and Intrusion hosted Ni-Cu-PGEs

but also, with a bob each way (it is a large acreage, so why not look for other stuff)
QUOTE
The Chalice Gold Mines (ASX: CHN) recent Ni Cu PGE Julimar discovery, located near Perth in the similarly aged Southwest terrane, has renewed exploration interest in the Narryer terrane.

Like the former, the Narryer terrane, which forms the northwest margin of the Yilgarn Craton, consists of relatively high grade granitic gneisses interlayered with metasedimentary rocks that are intruded by granite and pegmatite.

Thus, the Narryer terrane is prospective for similar mineralisation styles including Ni Cu PGE (e.g. Julimar) and orogenic style veining (e.g. Boddington).
*terrane ... a fault bounded area or region with a distinctive stratigraphy, structure, and geological history
  Forum: By Share Code

nipper
Posted on: Oct 9 2020, 10:00 AM


Group: Member
Posts: 7,636

Need to put my glasses on..... Saw 6100 tested and thought it related to Covid.
  Forum: Macro Factors

nipper
Posted on: Oct 8 2020, 07:20 PM


Group: Member
Posts: 7,636

First one to build a processing plant wins a prize.


https://www.fpri.org/article/2020/10/chinas...we-should-care/
  Forum: Investment Discussion

nipper
Posted on: Oct 8 2020, 09:14 AM


Group: Member
Posts: 7,636

CSL Limited today announces that its subsidiary, Seqirus, has signed a final agreement with the Commonwealth of Australia for the supply of 51 million doses of the University of Queensland CSL COVID19 vaccine candidate (V451), should clinical trials be successful.
  Forum: By Share Code

nipper
Posted on: Oct 7 2020, 08:09 PM


Group: Member
Posts: 7,636

President Trump is not alone in participating in the rare earth critical materials geopolitical drama.

In the US, Senate Democrats have published a pro-domestic REE mining policy position in their strategy to address the climate crisis.

The US House of Representatives has a bipartisan caucus with similar support for REE mining and House Democrats have a policy manifesto in support as well.

There are complementary bills moving through US Congress ...The Onshoring Rare Earths Act and the Reclaiming American Rare Earths Act ... and both contain key elements that help accelerate ARR projects in the USA.


ARR CEO Creagh O’Connor added:
QUOTE
Specifically, these bills create comprehensive tax incentives and grant programs to encourage investment in and development of US based rare earth and critical mineral mining, processing and production.

The US Government is creating a significant market push. The path to commercialise opportunities for ARR in rare earths and scandium is becoming well-paved. Our US leadership team is more enthusiastic than ever.
  Forum: By Share Code

nipper
Posted on: Oct 7 2020, 07:54 AM


Group: Member
Posts: 7,636

One day after exiting hospital US President Donald Trump compares COVID 19 to the seasonal flu and is censored by both Facebook and Twitter for posting misleading material about coronavirus.



https://www.abc.net.au/news/2020-10-07/dona...cebook/12737660
  Forum: Off Topic Chat

nipper
Posted on: Oct 6 2020, 03:56 PM


Group: Member
Posts: 7,636

QUOTE
It is the merger that was meant to be.... Just 11 months after mid-tier Australian gold miners Northern Star and Saracen each bought 50 per cent of the famous Kalgoorlie Super Pit in Western Australia, the pair will combine to form a $16billion giant that will be one of the biggest gold groups in the world, and the second largest in Australia behind Newcrest.
It is a deal that will immediately put the enlarged group, which will still be known as Northern Star, on the radar of both generalist investors in Australia and beyond, and specialist global gold investors, for whom scale, liquidity and cashflows matter.
Saracen Mineral Holdings boss Raleigh Finlayson has told shareholders the company cannot alone create the sort of value that will be delivered by a $16 billion merger with its partner in the Superpit mine, Northern Star.

The transaction has been pitched as a merger rather than a takeover, despite the fact it will be delivered by Northern Star issuing $5.76 billion worth of stock to Saracen shareholders to create a combined group called Northern Star.

Viewed as a scrip takeover by Northern Star, there is little premium being paid for Saracen, whose market capitalisation stood at $5.78 billion at the close of trading on Monday. In keeping with the spirit of a merger that has been endorsed by both company boards, the word premium does not appear in any of the bid documents filed to the ASX on Tuesday.

In a bid to sweeten the deal, Saracen will pay its shareholders a 3.8¢ dividend prior to the merger; worth about $42 million in total. Combining the scrip and the dividend, Northern Star is paying less than 1 per cent premium to Saracen's market capitalisation on Monday.


.... both up around 9% today. Endorsement, deeper market, synergies??
  Forum: By Share Code

nipper
Posted on: Oct 6 2020, 11:26 AM


Group: Member
Posts: 7,636

OpenTrader does from $5 a trade, though it rises with size of trade.

Make sure you go with a HIN , not those agglomeration sites

(old ETrade then ANZ now CMC is expensive @ $28 + GST, then add text and other charges)
  Forum: Investment Discussion

nipper
Posted on: Oct 5 2020, 09:22 AM


Group: Member
Posts: 7,636

Ppl in Melbourne probably have little else to do. Weather bad + Covid.
  Forum: Macro Factors

nipper
Posted on: Oct 5 2020, 06:31 AM


Group: Member
Posts: 7,636

Thanks Mick. No intention of looking deeper .. the website runs hot in 2017. Then bugger all, apart from AGMs . Peak and Trough

And a note I saw somewhere ... awaiting Tanzanian govt final approval.. To my unsophisticated eye, they have run out of money and run into blockages, that you allude to. Shakedown time.

Just another bunch of mining executive chancers. Likelihood of something in it for the mug punters would be very low.
  Forum: By Share Code

nipper
Posted on: Oct 4 2020, 05:07 PM


Group: Member
Posts: 7,636

Peak claim they are the cheapest, but looking at the website, not much has happened since 2017, when the BFS pcame out. Seems to be stalled awaiting Tanzanian Govt approval


... The Ngualla Project, located in Tanzania, has existing JORC Compliant Reserves of 18.5 mt at 4.8% Rare Earth Oxide equating to 887,000t contained REO. Peak holds a 75% interest in the Ngualla Project alongside Appian Natural Resources Fund (20%) and International Finance Corporation (5%).
... One of the Highest Grade, Lowest Cost NdPr Projects Globally: Estimated US $32.24/kg neodymium & praseodymium (NdPr) breakeven point for positive cash flows assuming no other sales revenues from other rare earth material except NdPr, total preproduction CAPEX of US $365m and OPEX of US $91m p.a. over a 26 year LOM with a post-tax NPV of US $612m and IRR 22% at NdPr price of US $77.50/kg.
... Simple Geology and Mining: Large, high grade 4.8%, soft bastnasite ore body with mineralisation from surface allowing low cost free dig open pit operation with a low strip ratio of 1.77:1.

They claim

58 RARE EARTH PROJECTS GLOBALLY

FILTER 1 ... Does the company have an ore reserves?
44 left

FILTER 2 ... Does the project have a commercially proven mineral?
3 left

FILTER 3 ... Does the project process their RE to a standard tradeable product?
2 left

FILTER 4 ... Is the project CapEX below 500 million USD?
One left

  Forum: By Share Code

nipper
Posted on: Oct 4 2020, 04:45 PM


Group: Member
Posts: 7,636

In their report Assessment of lithium criticality in the global energy transition and addressing policy gaps in transportation, the scientists from the University of Augsburg in German and Lappeenranta Lahti University of Technology in Finland are quite clear about the fundamental importance of lithium. Liithium is critical to achieve a sustainable energy transition, the report concluded.

Lithium battery demand is expected to be the main cause of a supply deficit.

In 2016, there were about one billion light duty vehicles on the world's roads .... but by 2050 that figure is expected to be about 3.05 billion.

Then there is the trend to electric vehicles (EVs). The German and Finnish research team estimates by 2025 14% of all light vehicles in the world will be EVs. By 2030, that it predicted to have grown to somewhere between 40% and 50%. Yet by 2050, every light vehicle on the world's road is expected to be powered by batteries. That, the study concludes, is going to place huge strain on lithium supply.

Meanwhile, lithium ion batteries achieved a compound annual growth rate of 24% between 2015 and 2018.

Critically, automotive applications for those batteries in 2015 made up 43% of demand; yet by 2018 hybrid and electric cars were accounting for 70% of all lithium ion batteries coming on the market.

Will there be enough mines?
The German and Finnish researchers outlined just how long it takes to get new lithium mines into business. In the build up phase, so called greenfield projects must go through resource discovery, several stages of feasibility studies, facility construction and production start up. This usually takes one to two decades, the report noted.

And brine projects have their own issues. Relying on solar irradiation, the evaporation process is not constant throughout the year, the report explained.

Another problem highlighted in the report is that no one knows how much lithium is left on earth. The US Geological Survey estimates about 80 million tonnes but the authors of the report dismiss that as unrealistically high; other scenarios assume remaining stock is 41Mt, 56Mt or 73Mt.

https://smallcaps.com.au/lithium-sector-spr...y-crunch-nears/

(So, what was Musk on about?)
  Forum: By Share Code

nipper
Posted on: Oct 4 2020, 08:05 AM


Group: Member
Posts: 7,636

And another overview of Aussie rare earth companies. We're at a pivot; but money needed, in large amounts.

https://smallcaps.com.au/trump-declares-rar...stralia-supply/


I run a watchlist and have all of these apart from PEK on it. ..... But which will be the winner(s)?
  Forum: Investment Discussion

nipper
Posted on: Oct 3 2020, 03:43 PM


Group: Member
Posts: 7,636

I beg your pardon,
I never promised you a Rose Garden cluster
  Forum: Off Topic Chat

nipper
Posted on: Oct 2 2020, 08:01 PM


Group: Member
Posts: 7,636

Trump may sail through this without any negative health affects, confirming his robustness and demonstrating to his true believers that virus is not really that bad. Or he may not.
Many people are asymptomatic a couple of days before they develop symptoms and I think he has more than a 50 per cent chance of developing symptoms of some description, said Professor Tony Cunningham, director of the Centre for Virus Research at Westmead Institute for Medical Research and the University of Sydney.

On average, of those who develop symptoms, about 80 per cent experience a mild version. The remaining 20 per cent develop pneumonia, and of them 5 per cent become severely ill and need to be ventilated. The ballpark of deaths for people over 70 living in the community is 10 per cent or less.
  Forum: Off Topic Chat

nipper
Posted on: Oct 2 2020, 05:09 PM


Group: Member
Posts: 7,636

Yep.... played fast and loose. The truth, the nation, himself.

A month to go.
  Forum: Off Topic Chat

nipper
Posted on: Oct 2 2020, 04:30 PM


Group: Member
Posts: 7,636

someone in Wuhan thinking; took 20 million, but we got our man?
  Forum: Off Topic Chat

nipper
Posted on: Oct 2 2020, 10:37 AM


Group: Member
Posts: 7,636

Ordinarily a cash strapped tech company that achieved unicorn status such as Brainchip might be expected to take advantage of a rocketing share price to raise capital to shore up the balance sheet, given the requirement to invest ahead.

Instead, some US institutional investors have regularly been cashing in cheap options to help the company raise some cash. On 30 September it issued another 15 million shares at 15¢ each to unnamed institutional investors.

QUOTE
Could it be the company is struggling to raise money at prices above 15c?


- so far, (pointy) head and no shoulders.
  Forum: By Share Code

nipper
Posted on: Oct 2 2020, 10:33 AM


Group: Member
Posts: 7,636

Mesoblast has plunged some 30% to levels last seen in April as the FDA ordered the company to conduct another clinical trial to support the efficacy of its remestemcel-L drug in treating pediatric patients with severe acute-Graft Versus Host Disease (aGVHD).
  Forum: By Share Code

nipper
Posted on: Oct 1 2020, 06:12 PM


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Posts: 7,636

Select Harvest is poised to announce an acquisition of $150 million worth of almond farms, according to market sources.

It is understood that the company will launch a $120m equity raising at $5.20 per share to fund the acquisition
  Forum: By Share Code

nipper
Posted on: Oct 1 2020, 04:53 PM


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Posts: 7,636

American Rare Earths Limited (ARR, formerly Broken Hill Prospecting Limited) is an Australian exploration company focussed on the discovery and development of strategic mineral resources.

Up 50% today to 5.4c with no real news other than the AGM being held. Also, seems to be a change in direction, from original geographical areas; the Murray Basin Region (Heavy Mineral Sands) and the Broken Hill Region (industrial, base and precious metals, including the Thackaringa Cobalt & Base/Precious Metal Project).

This change in name is to reflect the Company focus on its La Paz Rare Earth tenements in Arizona, North America and its Laramie asset in Wyoming.
  Forum: By Share Code

nipper
Posted on: Oct 1 2020, 04:42 PM


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Posts: 7,636

was WA and Qld gold and base metals hopeful,.... now Mozambique mineral sands hopeful.
  Forum: By Share Code

nipper
Posted on: Oct 1 2020, 02:36 PM


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Posts: 7,636

saw this on another site
QUOTE
SMN is currently priced at about $0.48 with a M/C of about $56 million.
With the assistance of some of the largest airplane industry players (Delta, Sandia and others) SMN and its partners have now forwarded to FAA their final submission for approval of their CVM technology. After over 7 years of submissions, they consider that full approval for their CVM technology for 2k WI Fi and structural frames will be approved in full by the end of 2020.

To support the share price in the meantime the SMN fully owned subsidary, AEM, as well as being the manufacturer of the CVM kits, with its own customer base, mainly rotorcraft, had sales of over $18 million last year and is expected to have the whole company at breakeven this year. This subsidiary business alone would be valued at the total market cap of $56 million. So future sales of the CVM kits will go straight to the bottom line.
Trial kits have already been installed in airplanes and helicopters and after establishing themselves in aircraft they can then concentrate on kits for buildings and bridges.

SMN intends to be paying dividends within the first 2 years of FAA approval. Any future competitor would have to go through the strenuous FAA process.
  Forum: By Share Code

nipper
Posted on: Sep 30 2020, 11:53 PM


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Posts: 7,636

We are something like six months ahead of when we had originally planned to get it. It's one of the reasons we are so excited because this is an acceleration, Dr Andreas Fouras said.
QUOTE
Australia and the US are the two places where we have a direct sales force ... so it is a great commercial outcome.

Emotionally, as an Aussie it also feels like we're bringing the tech home by getting clearance here. The US FDA approval was very important commercially, it was a big milestone and the toughest to get, but this one tastes a little better.

The lung imaging device leverages Dr Fouras background in aeronautical engineering as a Monash University professor to determine if there are parts of the lung receiving less air. Its technology converts sequences of XRay images into four dimensional quantitative data, allowing physicians to better diagnose and treat patients with respiratory diseases such as asthma, chronic obstructive pulmonary disease and lung cancer.

Current imaging techniques give an overall view of how much air the lungs are taking in, but do not reveal whether certain sections of someone's lungs are receiving less air. The business received wide-ranging FDA approval for its device in May, with the device approved for all indications.

Dr Fouras said the business would be able to beef up its local sales team quickly to start selling its product into Australian hospitals.
QUOTE
The good news is we are well connected here. It's our home territory and we feel good about our ability to attract and bring talent onto the team ahead of schedule, he said.


QUOTE
We are committing to interacting and working with hospitals really quickly and having commercial sales in the next calendar year. There is a lot of opportunity for that to go well.

We are well known in Australia and have great relationships in the market. It may not be as big as the US, but in a lot of ways it is easier to navigate. In short, I am really excited about the pipeline and how long it takes to get going precisely we'll have to wait and see
.
4D Medical is already working on its next products, with its second set to be one that monitors blood flow in the lungs. In its prospectus it had flagged development completing on this product in mid 2021 and targeting FDA approval in 2023.

Dr Fouras said development on this was ahead of schedule and if it were not for COVID 19, the company would have been in a position to start clinical trials this year.
QUOTE
The R&D is looking very strong, he said. I would be hesitant to talk about when it could be cleared [by regulators], but in testing the product is looking really fantastic and every sign is that in the worst case scenario, we will be on time [with development], but it's likely we will be well ahead of the schedule in the prospectus.
  Forum: By Share Code

nipper
Posted on: Sep 30 2020, 07:28 PM


Group: Member
Posts: 7,636

Looked that one up.. only place a self appointed bunch of egomaniacs could take a week off for a one day celebration (of the seizure of power)


National Day of the People's Republic of China. ...take a week off
  Forum: Macro Factors

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


Group: Member
Posts: 7,636

QUOTE
asx200 future looks weak as it is. only to see today's range might trading between 5888 ... 5937, with 5900 as a battle line.
That battle was truly lost...... After opening weak, a half hearted morning rally, then a decline for rest of the day, finished 2.29% down and lost 23 pts at 4:10 close out @ 5816
  Forum: Macro Factors

nipper
Posted on: Sep 30 2020, 04:13 PM


Group: Member
Posts: 7,636

with the USA broker Robinhood offering free brokerage, at the cost of a trade being accessible to HFT (nothing is free), there are new outfits setting up in Aust that provide cheap, or at least cheaper, brokerage than what we have become used to.

Latest to undercut the Aussie market is Superhero, offering a flat fee of $5 per trade and optional $9 monthly subscription .
As well Selfwealth, an ASX listed entity (SWF), offers reduced rates, at least for small trades. Share brokerage is only $9.50 per online trade, no account fees, no scaling brokerage fees. https://www.selfwealth.com.au/

And those who only trade occasionally, the OpenTrader Investor Wealth platform has no monthly fees, offers charting, price alerts, conditional orders, unlimited watchlists, live portfolio valuation and access to their proprietary Asset Greed/Fear Index. Brokerage starts from just $5 a trade.

Just make sure you stay with a HIN. That way, you own the shares. Some sneaky proportional investing platforms do not offer that, but rather combine and allocate. Fine when it is going well, just do not moan and carry on if (when?) it gets into trouble. Read the small print.
  Forum: Investment Discussion

nipper
Posted on: Sep 30 2020, 11:45 AM


Group: Member
Posts: 7,636

has been bouncing around the $1.40 to 1.60 range since IPO, so it came in underpriced, some might say. Turnover has been low.

Today, a kick of 12% based on the TGA approving the 4DMedical XV Lung Ventilation Analysis Software (XV LVAS) for inclusion in the Australian Register of Therapeutic Goods.
• XV LVAS utilises the 4DX proprietary XV Technology™, which converts sequences of Xray images into four dimensional quantitative data by using patented mathematical models and algorithms
• XV LVAS is 4DMedicals first Software as a Service offering and can provide immediate benefits to Australian physicians and patients, including assisting in the ability for physicians to diagnose respiratory diseases earlier and with more sensitivity while using existing hospital and clinical equipment
• As a result of TGA Class 1 approval, 4DMedical is now well positioned to progress the global rollout of XV LVAS having received FDA 510(k) clearance in May 2020.
  Forum: By Share Code

nipper
Posted on: Sep 30 2020, 10:53 AM


Group: Member
Posts: 7,636

Corporate Travel Management will be the biggest mid market travel agent in the world following its acquisition of Omaha, Nebraska based Travel & Transport, in what founder Jamie Pherous described as a bold grab for scale with a post COVID future in mind.

Got the cap raise away successfully, at $13.85.

• Build Scale: Once combined, CTM will strengthen its position as one of the leading mid-market corporate travel managers in the world with A$10.8bn TTV and North American TTV of US$3.6b (A$5.2b) (based on pro-forma CY19);
• Sector and Geographic Focus: Travel & Transport has a highly complementary industry and geographic profile, with a strong focus on financial and professional services clients, and a particularly strong client base in New York. The combination enhances the opportunity to service international clients, particularly the high volume New York / London route;
• Global Hotel Program: the Travel & Transport hotel program, Radius, is one of the leading programs of its kind globally, expected to provide an enhanced offering to CTM clients;
• Scope for Material Combination Benefits: Estimated full run rate synergies of US$18m15 (A$25m) expected to be delivered within 2 years of completion (with significant work to be undertaken in the next 6 months to take advantage of slower client activity currently experienced in corporate travel);
• Strengthened US Leadership: Travel & Transport's high quality management team to augment the CTM US management capability, with Travel & Transport incumbent CEO, Kevin O'Malley to lead the combined US business; and

• Strong cultural alignment: Focus on customer service and leveraging proprietary technology.
  Forum: By Share Code

nipper
Posted on: Sep 29 2020, 08:52 PM


Group: Member
Posts: 7,636

your second para screams sense. ... the bleeding obvious (in more ways than one)
  Forum: By Share Code

nipper
Posted on: Sep 29 2020, 03:26 PM


Group: Member
Posts: 7,636

but pulled back below that..
.
Final Two Adjunct Biomarkers Technically Validated

• Successful technical validation of antibodies for the final two adjunct biomarkers;
• Delivers five technically validated biomarkers, underpinning the core intellectual property obtained from CSIRO;

With the core antibody technology technically validated, the Company is focusing on completing the next phase in the development program which includes refining the ColoSTAT® testkit algorithm, via further analytical cancerous and healthy blood sample testing, transferring the core technology to a third party (high volume) manufacturer and completing further verification testing to finalise the first prototype testkit.
QUOTE
It is a very exciting time for the Company. We are buoyed with the significant progress we have made with the core technology. A considerable amount of work has gone into selecting, screening, optimising and now technically validating the antibodies for the biomarkers that we expect will make up the final ColoSTAT® testkit. Rhythm CEO, Glenn Gilbert said.

Rhythm’s ColoSTAT® testkit, is expected to be a global, low cost, simple blood test for the detection of colorectal cancer aimed at mass market screening.
  Forum: By Share Code

nipper
Posted on: Sep 29 2020, 10:26 AM


Group: Member
Posts: 7,636

And integration with internet Of Things, mobile data bases
  Forum: Investment Discussion

nipper
Posted on: Sep 28 2020, 05:52 PM


Group: Member
Posts: 7,636

QUOTE
I am not alone in the business community saying that something needs to change [with Australia China relations]. We need to find some formula that works. The political tensions appear to be escalating and we need a circuit breaker
Geoff Babidge, CEO, The a2 Milk Company

A la recherche de daigous perdus
  Forum: By Share Code

nipper
Posted on: Sep 28 2020, 01:54 PM


Group: Member
Posts: 7,636

QUOTE
Fundo Soberano de Angola, the Angolan Sovereign Wealth Fund has today agreed to make a further equity investment in the Company of approximately US$8.6 million.

The investment will be used to advance the Longonjo project as the first major rare earth mine to be developed in over a decade and to provide general working capital. The investment follows the FSdeA earlier investments in the Company in March and June this year and will increase the Fund's equity holding in the Company from 17.7% to 23.1%. These shares will rank pari passu with the existing Ordinary Shares in issue.

The Fund has agreed to subscribe for a further 13,500,000 ordinary shares to be issued at £0.5021 pence per share (A$0.91 cents per share) conditional upon Admission of those shares to the Official List and to the LSE's Main Market for listed securities. The subscription will raise gross proceeds of approximately US$8.6 million (A$12.23 million).

Accordingly, application has been made for the 13,500,00 New Ordinary Shares to be admitted to the Official List (Standard Segment) and to trading on the Main Market of the LSE and Admission is expected to occur on or around 8am on Thursday 1 October 2020. Application will also be made for the admission of these shares to the Australian Securities Exchange which is expected to occur on Friday 2 October 2020.

- isn't this a Takeover?
  Forum: By Share Code

nipper
Posted on: Sep 28 2020, 12:34 PM


Group: Member
Posts: 7,636

Latest numbers from Johns Hopkins site
QUOTE
  • Global Confirmed ...32,977,556
  • Global Deaths ..... 996,309
  • U.S. Confirmed ..... 7,113,666
  • U.S. Deaths .......204,750

https://coronavirus.jhu.edu/
soon to clip seven figures.

As Ioseb Besarionis dzе Jughashvili , aka Uncle Joe Stalin, said:
One death is a tragedy, a million deaths is a statistic.
  Forum: Off Topic Chat

nipper
Posted on: Sep 28 2020, 12:33 PM


Group: Member
Posts: 7,636

Hydrogen is all the go

https://www.sharecafe.com.au/2020/09/28/haz...r-presentation/
  Forum: By Share Code

nipper
Posted on: Sep 28 2020, 12:15 PM


Group: Member
Posts: 7,636

a bit of a whoops moment. .... up 80% when it reopened this morning, before retracing some.


Piedmont Lithium has detailed the five year supply deal signed with Tesla, telling the ASX that staff inadvertently announced the deal on September 23 prior to release of a market update via the exchange.

Piedmont confirmed it had lodged the announcement with the exchange before it was announced on the company website, although it had not received confirmation from the ASX of release to the market. The announcement was held by the ASX, which queried details of the news.

Key terms of the deal include fixed pricing for a volume of 160,000 tonnes of concentrate per annum with an optional five year extension. Deliveries are booked in to start between July 2022 and July 2023.
  Forum: By Share Code

nipper
Posted on: Sep 28 2020, 11:42 AM


Group: Member
Posts: 7,636

and this company is listed on the ASX .... Carbon Revolution (CBR)

QUOTE
[The company] is eyeing rising demand from the electric vehicle market, with six former Tesla workers beavering away at its Geelong plant as it pushes to expand into a sector which is accelerating in the pandemic. Carbon Revolution chief executive Jake Dingle said electric car companies were pushing hard to find ways of lowering the weight of vehicles and reducing in-car road noise for drivers and lightweight wheels are a part of the solution. The EV makers are looking for range extension and better aerodynamics are important as well. It is ticking every box, Mr Dingle said.

The whisper quiet engines of electric vehicles meant electric vehicle manufacturers were seeking out ways of reducing the amount of noise from all aspects of the vehicle. Carbon Revolution is working on a range of dampeners to further lessen noise from wheels.

Carbon Revolution industrialisation director, Luke Preston, established and then built up the general assembly manufacturing team overseeing the Tesla Model 3 production in California. He started as an engineer at Ford Australia and Holden Special Vehicles before heading to the United States....

Carbon Revolution chairman James Douglas said it was difficult for any company to navigate through the pandemic because of the sheer uncertainty, but raising capital early in the pandemic had set the company on a steadier course.

Carbon Revolution supplies wheels that are about 40 per cent lighter than conventional wheels to carmakers including Ford, Ferrar and Renault.

Mr Dingle said customers overseas were returning to more normal production schedules and although the pandemic had caused disruptions in the early months in Europe, momentum was starting to build again.

It is coming back to normal. Everyone sees this as temporary, Mr Dingle said.


Carbon Revolution, which listed on the ASX late last year with an issue price of $2.60, has had a rollercoaster ride since becoming a public company. With the upheaval of the COVID19 pandemic, it moved early to raise capital. The company raised $28 million in extra capital in March to shore up its balance sheet. Carbon Revolution shares closed at $2.56 on Friday. The capital raising was priced at $1.50.
  Forum: Investment Discussion

nipper
Posted on: Sep 28 2020, 11:27 AM


Group: Member
Posts: 7,636

and, just prior:
Vital Metals and Saskatchewan Research Council have signed a binding Term Sheet to negotiate definitive agreements for the construction and operation of a Rare Earth Extraction Plant to produce a mixed rare earth carbonate product
QUOTE
• In August 2020, the Government of Saskatchewan and the Saskatchewan Research Council announced a C$31 million funding package for the construction of Canada's first Rare Earth Processing and Separating Facility in Saskatoon, Canada
• The Vital Metals Rare Earth Extraction Plant is planned to be located adjacent to the SRC Separation Plant which will convert mixed rare earth carbonate to commercial grade separated rare earth oxides
• The SRC facility will require mixed rare earth carbonate product for separation making Vital a likely customer.
• Capital cost estimate of the Rare Earth Extraction Plant is A$5.25M.
  Forum: By Share Code

nipper
Posted on: Sep 28 2020, 11:25 AM


Group: Member
Posts: 7,636

VML has received firm commitments to raise A$8.0 million (before costs) in new equity via a fully committed share placement to institutional, sophisticated and professional investors. The Placement comprises the issue of approximately 400 million new shares in the Company at an issue price of A$0.02 per Share.

Net proceeds from the Placement will primarily be used to progress the Company towards commencing processing operations in Q2 CY2021 including the purchase of the ore sorter, sampling and met testwork, extraction plant EPCM and for general working capital.

Strong demand for the Placement resulted in additional funds being raised which will be used to accelerate further exploration and development work at the Tardiff zone within the Company’s Nechalacho Project. Vital Metals Managing Director, Geoff Atkins, commented:
QUOTE
We are pleased with the support from new investors and existing shareholders. This equity funding coupled with the recent announcement that Vital has executed a binding term sheet to construct its rare earth extraction facility adjacent to Canadas first rare earth separation facility underpins VMLs plans to become the newest independent supplier of clean rare earth feedstock outside China.
  Forum: By Share Code

nipper
Posted on: Sep 28 2020, 11:00 AM


Group: Member
Posts: 7,636

and will this come to pass?
QUOTE
Nicola founder Trevor Milton, just 39, is a Mormon from Utah. Which means there's a decent chance Bronte Capital and John Hempton has held, or holds, a short position in Nikola.

Hempton has publicly spoken about having thousands of scumbags in our database, which is a key input in the construction of the Bronte Capital short book of around 240 companies. And Hempton told the Jolly Swagman podcast in May last year that some groups are over represented in his database of scumbags, the most unlikely of which is Mormons.

Mormons are 2 per cent of the US population but almost 6 per cent of Fortune 500 CEOs, and almost all of those Fortune 500 CEOs came up through a sales function, Hempton said. Mormons are pound-for-pound the best salespeople in the world. The reason is obvious: if you are 19 and you go missionary, you are selling religion – and a pretty weird one – door-to-door. If you can sell religion door-to-door, you can sell anything. It's the best training for a sales job anywhere.

Hempton added that probably 10 per cent of American dodgy frauds have a Mormon connection.


https://www.afr.com/rear-window/nikola-rais...20200927-p55zn7
  Forum: Investment Discussion

nipper
Posted on: Sep 28 2020, 10:40 AM


Group: Member
Posts: 7,636

there is another webinar here on Sharecafe
https://www.sharecafe.com.au/2020/09/25/kaz...nt-of-lymphoma/

15 minutes
  Forum: By Share Code

nipper
Posted on: Sep 25 2020, 09:04 PM


Group: Member
Posts: 7,636

If it comes from you, it certainly has dum in it
  Forum: By Share Code

nipper
Posted on: Sep 25 2020, 06:45 PM


Group: Member
Posts: 7,636

It is a Pendulum. The Hayne commission left them chastened, even hobbled to an extent. Now it is swinging the other way. .

Give it a year or three. Prudent allocations by individuals AND institutions should see most through... but we know risk taking produces behaviours where it all comes undone.
  Forum: By Share Code

nipper
Posted on: Sep 25 2020, 05:30 PM


Group: Member
Posts: 7,636

It is hard to ignore it, Mick. Unbelievable as it is. Wasn't it all about contracts for unionised companies (absolute scuttlebutt, I know, and also inclusive equal opportunity hiring with gender sensitivity and all that. Virus containment optional).
  Forum: Off Topic Chat

nipper
Posted on: Sep 25 2020, 04:19 PM


Group: Member
Posts: 7,636

On Tuesday this week, Deputy Governor of the Reserve Bank of Australia, Guy Debelle, gave a speech which probably opens the door to a rate cut on 6 October.

There is talk of a series of measures which will show the RBA resolve to stimulate the economy.

https://www.rba.gov.au/speeches/2020/sp-dg-2020-09-22.html

Then came Treasurer, Josh Frydenberg.

https://joshfrydenberg.com.au/latest-news/s...kstart-economy/

As the Treasurer says, the flow of credit is the lifeblood of the Australian economy and the government has announced it will simplify lending rules to free up credit.

The prospect of a very significant increase in corporate insolvencies next year, particularly amongst small businesses must be scaring the pants off policy makers. They have decided it is time to do everything they can to protect the economy and jobs.


  Forum: Investment Discussion

nipper
Posted on: Sep 25 2020, 02:16 PM


Group: Member
Posts: 7,636

Plenti Gropu Ltd PLT came to IPO this week;as the old Ratesetter company, it is rebranded and digitally enhanced. The subscription price was $1.66, which was unfortunate or, at least, optimistic as it has never hit that spot and has traded as low as $1.20 in the days following.

It would be galling for those Registered Investors putting their hard earned into lending in what is a peer to peer platform through an intermediary, to have believed the story and taken up shares, as well. Over one thousand did so, it is reported. They are down 20% at present (or 4 years of returns on capital invested in loans).

QUOTE
PLT is a technology led consumer lending and investment business which seeks to provide borrowers with efficient, simple and competitive loans, delivered via simple digital experiences. Additionally, Plenti seeks to provide investors with attractive, stable returns via investing in the established asset class of consumer loans.

Plenti has funded approximately $870 million in loans to over 55,000 borrowers since its launch in 2014, providing loan products to creditworthy borrowers in the automotive, renewable energy and personal lending verticals.

Plenti has focused on diversifying its funding sources over time, and now funds the loans it originates from a range of funding platforms. Plenti has attracted approximately 22,000 Registered Investors since its launch in November 2014, including retail, institutional and government investors. It has also established its own Warehouse Facility to fund secured automotive loans.
This is labelled a FinTech, though it is just a modern iteration of lending. The business model is changing.

Plenti has around 22,000 registered retail investors; mums and dads can invest from as little as $10. Current returns for retail investors are around 5 per cent a year for three year commitments and 6.5 per cent for five years. Loans are also funded by eight smaller banks at the mutual end of the market, superannuation fund Future Super, and the government via the Clean Energy Finance Corporation.
On the other side, loans come in a range of offerings. Some $800 million has been provided for secured and unsecured personal, car, green and legal loans in the past five years or so.:
... Basic, personal loans comprise around two thirds of its originations at present. Latitude and (hoping to IPO) SocietyOne are competitors in personal lending, along with the major banks.
.... Growth is expected to come from areas such as car loans (Carsales is a strategic investor) (now 20%) and renewable energy installations in homes (currently 15% of loans). Macquarie is a major and well-established competitor on the vehicle space, while buy now, pay later providers like Humm (Flexigroup) and Brighte are getting into renewable energy.

From the prospectus, PLT expects a 34% growth in loan origination in the next 12 months. It is likely the solar and battery sector is where they will do best (for a start, bad debt numbers would likely be far lower). Tesla is a partner, and will refer business to fund batteries. Plenti is running the South Australian government's $100 million battery scheme and is working with the NSW government to support its planned $3.2 billion investment into panels and batteries for solar. The NSW government will tender for a partner in the coming months, which Plenti is confident of winning.

QUOTE
Of the 300,000 solar power installations each year, only 3 per cent currently involve batteries, CEO Daniel Foggo said, but this will increase as the cost of batteries comes down. This will lift the average installation price of the kit from around $6,000 for just panels to around $16,000 for solar plus batteries, “and the propensity for people to take finance will increase, he says.


  Forum: By Share Code

nipper
Posted on: Sep 25 2020, 12:40 PM


Group: Member
Posts: 7,636

Will be watching... There is more money in mortgages than personal lending, a sector that the banks seem to have handed over to the FinTech players.
  Forum: By Share Code

nipper
Posted on: Sep 24 2020, 05:10 PM


Group: Member
Posts: 7,636

QUOTE
What makes for a good commodity stew? A dollop of demand strength. A sprinkle of supply concerns. A rising cost curve. Minimal threats from alternatives.

We see all these ingredients and more for the copper sector and are thus more bullish than both consensus commodity forecasts and the forward curve.
Bernstein, US investment firm, September 2020
  Forum: Macro Factors

nipper
Posted on: Sep 24 2020, 04:40 PM


Group: Member
Posts: 7,636

BHP and Encounter have entered into an Option Agreement covering the 4,500sq.km. Elliott Copper Project in the Northern Territory
• Option Agreement provides BHP with the right, following the completion of a jointly designed validation program, to enter an earn in and joint venture agreement to earn up to 75% interest in Elliott by spending up to $22 million over 10 years
• Elliott represents a compelling first mover copper opportunity in a high quality jurisdiction:
... Located at a major structural intersection on the southwestern margin of the Beetaloo Basin
... Contains the key conceptual criteria for the formation of sedimentary copper with the target sequence being undercover and untested
... Standout copper in groundwater anomaly which is supported by surface geochemical sampling at Elliott


• Elliott was first identified by analysing new datasets generated by Geoscience Australia, as part of the Federal Government’s Exploring for the Future Program
• Encounter retains 100% control of five other copper projects in the NT covering a further 10,300sq.km.
  Forum: By Share Code

nipper
Posted on: Sep 24 2020, 01:29 PM


Group: Member
Posts: 7,636

Shares in Australian lithium producers have taken a hit after the Tesla Battery Day event tested investor conviction in the commodity class and among companies with exposure to the electric vehicle (EV) battery supply chain.

Tesla founder Elon Musk and co-presenter and engineering boss Drew Baglino offered fans a series of materials, process and product targets,
QUOTE
It is important to note that there is a massive amount of lithium on earth. Lithium is not like oil .... there is a massive amount of it pretty much everywhere, Musk said, explaining that all US vehicles could be replaced with EVs using lithium sourced in America alone.

Mr Baglino added: There really is enough lithium in Nevada alone to electrify the entire US fleet.

Investors responded by offloading shares in Australian lithium producers. That followed a 7 per cent fall for Tesla shares in after hours trading.

Galaxy Resources GXY plunged 11.6 per cent to $1.29; the following day saw them touch $1.15

Orocobre ORE shares dropped 6.5 per cent and continued to slide another 2% on Thursday.

Pilbara Minerals PLS gave up 6.8 per cent and a further 4% the next day.

Novonix NVX fell sharply after reported speculation that it may be revealed as a technology provider to Tesla failed to materialise. Its shares closed on the Wed some 11.6 per cent lower at $1.29, after erratic and speculative swings when it had surged to $2.40 at open. Come Thursday it went below $1.20.
  Forum: By Share Code

nipper
Posted on: Sep 24 2020, 11:02 AM


Group: Member
Posts: 7,636

Element 25 Limited (E25, formerly Montezuma Mining Company Ltd) is an ASX listed mineral exploration and mining company exploring for manganese, copper and gold deposits in Western Australia.


The Company has a 100% interest in Yamarna Gold Project, Butcherbird Manganese Copper Project and Green Dam Project. Principal focus now seems to be on Butcherbird, where they are:
QUOTE
...building a globally significant, low cost, high purity manganese project turbocharged by early cashflow from a low capex concentrate export opportunity.
• Large resource, currently >260 Mt of manganese ore in Measured, Indicated and Inferred JORC resources • Maiden Proved and Probable Reserve of 50.6M tonnes at 10.3% Mn for 5.22t of contained manganese • Excellent local infrastructure (bitumen road and gas pipeline).
• 100% owned by Element 25 Limited.
• Located in WA, ranked as the #1 mining investment jurisdiction globally• Very simple geology, low strip ratio and free dig (no blasting) mining. • Measured and Indicated resources underpin the 42 year PFS.
• Simple beneficiation process.
• Pre Feasibility Study highlights outstanding economics.
  Forum: By Share Code

nipper
Posted on: Sep 24 2020, 09:40 AM


Group: Member
Posts: 7,636

Euro Manganese (ASX: EMN) is a Canadian company focused on the development of a new high purity manganese production facility, based on the recycling of a tailings deposit located in the Czech Republic. Activities are conducted through the wholly owned subsidiary, Mangan Chvaletice sro, which holds a 100% interest to the Chvaletice Manganese Project.


Elon Musk is pushing the vehicle manufacture industry to seek out more high purity manganese to power its vehicles. As the world transitions to electric vehicle (EV) dominance, manganese will play a key role in EV production.
QUOTE
At the Tesla Battery Day 2020, held today, Musk said Tesla's next generation EV batteries will contain 1/3 manganese. It is relatively straight forward to do a cathode that's 2/3 Nickel 1/3 Manganese, which will allow us to make 50% more cell volume with the same amount of Nickel, Musk said.

A well located, ASX company could be one of the beneficiaries. Euro Manganese Inc (ASX: EMN) is sitting on the largest manganese resource in Europe, right in the thick of the action when it comes to battery markets in Europe, where there is no local manganese supply.

EMN has the largest manganese resource in Europe and will recycle waste to produce highly refined manganese metal and salts (no mining"involved). Furthermore, it is strategically located in the Czech Republic with 6+ large battery factories located just 200 to 500kms away.

Tesla will need to source its manganese from a local supplier to keep costs manageable. The Telsa Gigafactory under construction in Germany will be the most advanced high-volume electric vehicle production plant in the world and the company plans to produce 500,000 electric vehicles at the Grünheide site starting from the European summer of 2021.

Europe is at the heart of the EV revolution and Tesla's announcement today could prove to have a snowball effect on European manufacturers who are likely to follow in the US company's footsteps in seeking out a high-grade manganese product and localising cathode production.

Automakers like Volkswagen, General Motors, and Ford are already pouring billions of dollars into EV development and making a huge investment in this space as they fight over the growing consumer market. The changing landscape in Europe coincides with a scaling down of subsidies in China. Sales of EVs in Europe are projected to exceed one million units in 2020 and to grow rapidly in the years to come.

It comes as the EU prepares to 'recharge' its climate action plan and increase its climate targets to achieve a 55% reduction in greenhouse gas emissions by 2030, a move welcomed by clean transport group Transport & Environment (T&E).

EMN well placed
EMN intends to produce battery grade manganese by reprocessing tailings in the Czech Republic.

The following map illustrates the proliferation of battery plants and the extensive network of automotive and battery manufacturers in mainland Europe and the location of EMNs Chvaletice Manganese Project (CMP) in the Czech Republic, relative to the major European EV and battery manufacturing hub.



The company will be waste recycling from historic mines and delivering high purity manganese to EU battery makers. EMN plans to reprocess Europe's largest manganese deposit, which is hosted in historic mine tailings in the Czech Republic, in order to produce high purity manganese products (HPM) in an economically, socially and environmentally sound manner. EMN expect to become the only primary producer of high purity manganese in the EU, where 100% of manganese requirements are currently imported. Currently, the bulk of the world's production of manganese ore occurs in South Africa, China, Australia, Brazil, India and Gabon.

Several prospective customers have expressed interest in procuring high-purity manganese products from the project, and in conducting supply chain qualification of the products of the proposed Chvaletice demonstration plant.

Attracted by the strategic European position of Chvaletice, the incomparable low environmental footprint of the project (no mining or new solid waste generation), and the exceptional purity of the products that Euro Manganese has produced in previous pilot plant trials, five memorandums of understanding have been signed to date with major customers. These are intended to evolve into longterm offtake agreements.
  Forum: By Share Code

nipper
Posted on: Sep 24 2020, 09:16 AM


Group: Member
Posts: 7,636

Brickworks has posted a 93.27 per cent lift in statutory net profit to $298.9m for 2020 as a one off profit was recognised from the merger of TPG and Vodafone via its sizeable investment portfolio and cross shareholding with Washington H Soul Pattinson.

The building products supplier said revenue for the 12 months to the end of July 2020 rose 4 per cent to $953m, with a strong contribution from its property business adding $94m in value for the year while its core brick operations in Australia and the US performed well despite the disruptions of COVID19.

Directors declared a fully franked final dividend of 39c per share, an increase of 1c on the prior year, bringing the full year dividend to 59c, up by 2c. The record date for the final dividend is October 15, with payment on November 25.

However, for the first time a dividend reinvestment plan will be offered to shareholders for the first time. Soul Pattinson will not participate in the DRP. The final dividend will be partially underwritten for an amount of $20m (representing approximately 34 per cent of the total dividend. Brickworks holds a 42.7 per cent of the shares in diversified investment company Soul Pattinson and Soul Pattinson, owns 44.23 per cent of Brickworks. The cross shareholding was created in 1969 via a share swap.

Brickworks has recently embarked on an expansion strategy into the US, buying up three brick operations in North America. For fiscal 2020 Brickworks’ US operations delivered earnings of $10m, up 63 per cent.

In Australia its flagship building products operations posted a 9 per cent fall in revenue to $687m as earnings fell 43 per cent to $33m. Despite the coronavirus pandemic disrupting operations the business has now seen sales grow strongly in September as government stimulus pumps up spending.
  Forum: By Share Code

nipper
Posted on: Sep 23 2020, 06:22 PM


Group: Member
Posts: 7,636

A couple more hopefuls.

EMN ... European Manganese

E25 .... Element 25. Self evident.
  Forum: By Share Code

nipper
Posted on: Sep 23 2020, 12:03 PM


Group: Member
Posts: 7,636

pushing higher.... $11.25
(missed this run up ; will not chase)
  Forum: By Share Code

nipper
Posted on: Sep 23 2020, 10:45 AM


Group: Member
Posts: 7,636

speaking at Tesla Battery day, Mr Musk said many things, especially about getting the cost of batteries down
QUOTE
To help reduce cost, Musk said Tesla planned to recycle battery cells at its Nevada gigafactory, while reducing cobalt, one of the most expensive battery materials, to virtually zero. It also plans to make its own battery cells at several highly automated factories around the world.

might even delete the Cobalt hopefuls watchlist
  Forum: Macro Factors

nipper
Posted on: Sep 23 2020, 10:06 AM


Group: Member
Posts: 7,636

speaking at the much hyped Battery Day, EM said a few things and TLSA shares fell heavily
Building an affordable electric car has always been our dream from the beginning of the company, Musk told an online audience of more than 270,000.

However, Musk described a new generation of electric vehicle batteries that will be more powerful, longer lasting and half as expensive than the company's current cells .

The new Tesla larger cylindrical cells, called 4680, will provide five times more energy, six times more power and 16 per cent greater driving range, Musk said, adding that full production is about three years away.

We do not have an affordable car. That's something we will have in the future. But we've got to get the cost of batteries down, Musk said.

To help reduce cost, Musk said Tesla planned to recycle battery cells at its Nevada gigafactory, while reducing cobalt, one of the most expensive battery materials, to virtually zero. It also plans to make its own battery cells at several highly automated factories around the world.

Tesla will produce the new battery cells initially on a new assembly line near its vehicle plant in Fremont, California, with planned output reaching 10 gigawatt hours a year by the end of next year. Tesla and partner Panasonic now have production capacity of about 35 gWh at the Nevada battery gigafactory.

Tesla aims to rapidly ramp up battery production over the next few years, to 3 terawatt hours a year, or 3000 gigawatt hours; .... roughly 85 times greater than the capacity of the Nevada plant.

The car maker plans to produce the new cells via a highly automated, continuous motion assembly process, according to Drew Baglino, Tesla senior vice president of powertrain and energy engineering.

Musk acknowledged that Tesla does not have its new battery design and manufacturing process fully complete.

  Forum: Investment Discussion

nipper
Posted on: Sep 22 2020, 09:11 PM


Group: Member
Posts: 7,636

The Future Super marketing strategy and target audience are obvious; the homepage, for example, is dominated by an image of hope filled Millennials jumping for joy in back to front caps in front of solar panels and clear blue sky. The fund has been found to charge relatively high fees despite being invested overwhelmingly in passive, low cost products (namely ETFs run by Betashares). Moreover, its large allocation to those products has raised questions about whether commercial ties to the manufacturer may be driving risky outcomes for members.

Its subfunds, Verve Super and Cruelty Free Super, another fund held by Diversa Trustees and to which Future Super is a sub promoter and sub investment manager, also adopt a marketing strategy designed to appeal to particular cohorts.


Verve Super advertises itself as for women, by women. Verve Super has adopted the World War II icon Rosie the Riveter as its logo and sponsored the podcast of feminist Clementine Ford.Along with a $93.60 annual membership fee, Future Super charges a combined administration and investment fee of 0.98 per cent per annum, made up of a 0.33 per cent direct and indirect investment fee, and a 0.65 per cent administration charge. Verve Super fees are higher, charging members the same flat annual membership but an administration and investment fee of 1.19 per cent a year.

On a balance of $50,000, Future Super would cost members $583.60 a year, while Verve Super members would pay $688.60, well above many other funds.


Cruelty Free Super promises superannuation with no nasties, aimed at the growing demographic of vegan Australians. Its website features a dreadlocked young woman hugging a donkey in the snow.
In a significant event notice letter sent to members, Cruelty Free Super said it would reduce overall fees from 01 October, with the investment fee falling from a flat 1.25 per cent per annum to 0.93 per cent a year. However, Cruelty Free has jacked up the administration fee from 0.64 per cent to 0.94 per cent a year.

This means the average member with a balance of $50,000 will be charged $992 a year, down from $997, a reduction of $5, and still around double the fees of major industry super funds.

- come on down,




( https://www.afr.com/companies/financial-ser...20200610-p5515x )
  Forum: Investment Discussion

nipper
Posted on: Sep 22 2020, 01:32 PM


Group: Member
Posts: 7,636

not sure how long that defence is going to hold, eb ... this will cannibalise the most lucrative bits. A thousand cuts...

QUOTE
NBN Co will slash wholesale enterprise broadband prices and invest $700 million over the next three years, as it ramps up its bid to challenge Telstra as the dominant wholesale business broadband provider.The announcement, a taster of the latest corporate plan to be released on Wednesday, will make its CBD prices available to 700,000 suburban and regional businesses.....

Under this plan, NBN Co will build fibre optic cable out to a business premises free of charge, and then provide its enterprise ethernet plan. All this must be done through a retailer, meaning NBN Co will rely on major providers such as Telstra, Optus and TPG getting on board.
One industry source said most providers apart from Telstra were likely to welcome the move, as it would break the TLS stranglehold on the sector.

QUOTE
Business telco provider Macquarie Telecom welcomed the announcement, calling it a complete turnaround from the detrimental journey tier one telcos had us on before the NBN was introduced and executed. Crucially, the availability of point to point fibre on demand to 85 regional zones will bring greater competition to regional Australia and be the final nail in the coffin for tier ones underserving and overcharging regional businesses that have not had choice of provider, group executive Luke Clifton said.
  Forum: By Share Code

nipper
Posted on: Sep 22 2020, 11:31 AM


Group: Member
Posts: 7,636

Hydrogen, batteries, green steel, carbon capture and storage, and soil carbon have been identified by the federal government as the five top priority, low emission technologies it will aim to develop over the next decade.

The long awaited technology road map, to be released on Tuesday by Energy Minister Angus Taylor, ranks energy efficiency, and electric and hydrogen vehicle recharging infrastructure as second level emerging technologies while nuclear power is delegated to a third order watching brief priority.

Mature technologies including coal, gas, wind and solar come fourth and last on the priority list.
QUOTE
Hydrogen, for example, will be deemed competitive when it can be produced for $2 a kilogram or less. It could then be used as a mainstream fuel for generating electricity to back up renewables, heavy transport and industrial applications such as producing ammonia or smelting steel...


... there is, as expected, a fair amount of pushback, especially where hydrogen production comes from non renewables
  Forum: By Share Code

nipper
Posted on: Sep 22 2020, 10:50 AM


Group: Member
Posts: 7,636

after a year of change and growth, including raising $2.3 million
QUOTE
.... with product/market fit now being established and the veracity of the underlying technology proven, there are many opportunities to continue growing the archTIS business in both public and private markets.

We expect growth to be organic and from selected merger and acquisition opportunities should they arise.
QUOTE
archTIS has also reduced its monthly operational expenditure by 32% since March 2020 as expenses shifted from software development to sales and marketing.
get out there and reel them in!
  Forum: By Share Code

nipper
Posted on: Sep 22 2020, 10:45 AM


Group: Member
Posts: 7,636

yep, slippery decimal point. Sorry about that
QUOTE
secured further funds by having utilised its Controlled Placement Agreement with Acuity Capital to raise $900,000 (inclusive of costs) by agreeing to issue 15 million LKE shares to Acuity Capital at an issue price of $0.06.

The issue price of $0.06 is marginally above the 15 trading day VWAP of $0.0593 to 21 September 2020 (inclusive).

The funds raised will be used, together with other funds on hand, towards accelerating the Definitive Feasibility Study for the development of Lake’s Kachi Lithium Brine Project, general exploration and working capital.

  Forum: By Share Code

nipper
Posted on: Sep 21 2020, 05:27 PM


Group: Member
Posts: 7,636

Hit a 50% rise and above 90c.. without any news. ASX will be in contact.
  Forum: By Share Code

nipper
Posted on: Sep 21 2020, 11:33 AM


Group: Member
Posts: 7,636

whoops
QUOTE
Market Update .... China accounting irregularities; audit investigation ongoing

Phoslock Environmental Technologies wishes to advise that an ongoing independent investigation initiated by the Chairman and Managing Director has revealed certain accounting irregularities relating to PET China Operations.
The investigation, being undertaken by the KPMG forensic accounting division, follows suspected accounting irregularities discovered during the audit process for the half year ended 30 June 2020. The company will seek to leave the current voluntary suspension of trading in place until the investigation and resulting KPMG report is completed and the impact of any irregularities is quantified...

too late. What steps should I take? BIG ones
  Forum: By Share Code

nipper
Posted on: Sep 21 2020, 10:58 AM


Group: Member
Posts: 7,636

another goldie waking up, made a placement, WA crowd in early i would suspect ....

from an announcement a week or 2 ago :
QUOTE
The Company has completed a low level detailed airborne magnetic survey over the entire tenement areas of Roberts Hill and Mt Berghaus. Thorough evaluation of the total magnetic intensity data will commence with a special focus on identification and delineation of special intrusive rock types within specific shear and lineament orientations. Anomalous locations will then be further evaluated by future drilling.

Following successful Heritage and Government approvals, the Company is optimistic that it will be able to conduct the first pass aircore drilling program at Roberts Hill before year end.

now these tenements are near the de Grey find.
QUOTE
Caeneus CEO Rob Mosig commented, the placement completed by the Company last week has provided an excellent treasury to conduct meaningful exploration on our Mallina Province Projects. It is with great excitement that we can now fast track activities at our Roberts Hill project which immediately abuts the De Grey Mining Limited tenements containing their exciting Hemi and Shaggy deposits. We look forward with much confidence to interpret the latest low level magnetic data as a prelude to the aircore drilling we expect to start later this year.

always hard to know whether to get on board, train looks like it may have left the station ..... 0.2c in June to 0.5c in July, then 1c by August and now 1.9c a share.

  Forum: By Share Code

nipper
Posted on: Sep 21 2020, 10:48 AM


Group: Member
Posts: 7,636

still going. At 70c today; was 32c a month ago.... The Lithium story has had its reset, and interest is rebuilding?
  Forum: By Share Code

nipper
Posted on: Sep 21 2020, 10:31 AM


Group: Member
Posts: 7,636

still running. got to 92c and that is alltime high (though some dilution along the way). Now pulling back a bit.
  Forum: By Share Code

nipper
Posted on: Sep 20 2020, 05:51 PM


Group: Member
Posts: 7,636

Yep, I would say Through to the keeper, but then, he probably has one.
  Forum: Off Topic Chat

nipper
Posted on: Sep 20 2020, 05:40 PM


Group: Member
Posts: 7,636

https://arichlife.com.au/brainchip-asx-brn-...-prices-higher/

.....

QUOTE
I think that the chances that the company can sustain a market capitalisation of $1b for long seem very low indeed. Of course, I might be wrong.

Whether it is deserved or not, Brainchip will certainly go down in history as one of the most hyped up stocks the ASX has ever seen as of September 2020. Certainly, I have never seen $1.3b in market cap for a company with $14,000 in half year revenue, before. But if dedicated Facebook groups, and meme generating Reddits remain as dedicated to promoting speculative stocks as they have been these past few months, we may well see other stocks rise just as high on the power of the dream


..
So, that is an Avoid then?
  Forum: By Share Code

nipper
Posted on: Sep 20 2020, 01:28 PM


Group: Member
Posts: 7,636

▪ Andromeda has one of the world's largest resources of halloysite kaolin
▪ This is a high value industrial mineral selling into a low volatility market

▪ Global demand is increasing and supply is decreasing
▪ Low capex project with a short timeline to operation
▪ Simple business model with low impact mining
▪ Andromeda is well positioned to become the world's leading producer of this mineral
▪ Huge potential in new application, high purity halloysite, nanotube technology and HPA
▪ Opportunities to build a diversified industrial minerals business

https://www.sharecafe.com.au/2020/09/14/and...r-presentation/
  Forum: By Share Code

nipper
Posted on: Sep 20 2020, 11:47 AM


Group: Member
Posts: 7,636

you make no sense, plastic. Clueless.
  Forum: Off Topic Chat

nipper
Posted on: Sep 20 2020, 11:46 AM


Group: Member
Posts: 7,636

it is funny how such diverse groups of people, that have come together and built a cohesive society, are now vilified as exemplars of white privilege.
  Forum: Off Topic Chat

nipper
Posted on: Sep 19 2020, 03:33 PM


Group: Member
Posts: 7,636

Tesla Battery Day is scheduled for September 22nd. Announcements on increased energy output, price and range advantage are expected as well as ....
QUOTE
a transformation in the core structural design of a vehicle ..…its quite a big thing, says Elon Musk. He has also teased it will … blow your mind. It blows my mind, and I know it!
https://www.sharecafe.com.au/2020/09/17/wil...at-battery-day/

.....New technology developments in the area of ESG and recycling include ASX listed CleanTeq (CLQ), Neometals (NMN) and Lithium Australia (LIX).

In the battery materials space stocks to watch could include Novonix (NVX), Pure Minerals (PM1) and Magnis Technologies (MNS).

Other clean technology companies could include EcoGraf (EGR) and Lakes Resources (LKE).

  Forum: Investment Discussion

nipper
Posted on: Sep 19 2020, 03:09 PM


Group: Member
Posts: 7,636

22 Sept.... Battery Day


https://www.sharecafe.com.au/2020/09/17/wil...at-battery-day/
  Forum: Investment Discussion

nipper
Posted on: Sep 19 2020, 12:25 PM


Group: Member
Posts: 7,636

Matthew Kidman (Livewire Markets) : Okay. Wake us up from our boredom. What is one stock that looks a bit boring, but it is actually a ripper?
QUOTE
Chris Stott (1851 Capital) : Generation Development Group, Matthew. GDG is the ticker. It is the best microcap opportunity in the market for us right now. So, they are in the investment bond space, which is really good from a tax effective standpoint, particularly for people rolling out of super. Their funds under management sits at $1.4 billion at the moment and is growing dramatically .... very, very quickly. They grew substantially through that pandemic period. Led by Grant Hackett, we think that it has certainly carved out a really good niche and got a really strong balance sheet with $12 million net cash. So, a high propensity to grow. So that's a buy for us.

and now Lonsec acquisition.
  Forum: By Share Code

nipper
Posted on: Sep 19 2020, 12:22 PM


Group: Member
Posts: 7,636

now renamed as Generation Development Group (GDG)


Generation Life is a specialist provider of investment bond product solutions; it established the first truly flexible investment bond product for Australia over 15 years ago.
Austock Financial Services provides administration services, including unit pricing, fund valuation, investment and fund accounting, fund administration and business registry services.

Generation Development Group will launch a $35 million equity raising via stockbrokers Morgans and Moelis to fund the acquisition of a stake in Lonsec, and investment research and consulting business. The raising is expected to be structured as an underwritten placement and rights issue, and done at a discount to the last close of 84¢.

Group chairman Rob Coombe earlier flagged the company was looking to make acquisitions:
QUOTE
As previously stated, we are attracted to businesses that we think will benefit from changes in the landscape in financial services or that are good value and need to be restructured to a more future proof business model.
Generation Development Group had $1.2 billion in funds under management as at 30 June, up from $1.07 billion one year earlier. The group recorded $15.3 million revenue in the 2020 financial year and posted a $2.8 million net profit after tax.
  Forum: By Share Code

nipper
Posted on: Sep 19 2020, 12:15 PM


Group: Member
Posts: 7,636

Matthew Kidman (Livewire Markets): Okay, when you travel, you have got somewhere to stay. Ingenia, accommodation: buy, hold, or sell?
QUOTE
Chris Stott (1851 Capital): Hold for us. So, again, very strong management team in that lifestyle space, which is a really good thematic over the medium term, but we think the stock has had a really strong performance in more recent times so I will hold for now.


Matthew Kidman (Livewire Markets): We all need a bit of value accommodation. It is a big market. Ingenia. Buy, hold, or sell?
QUOTE
Gary Rollo (Montgomery Markets): Ingenia is a buy for us. As Chris identified, that stock has got significant tourism assets, so it is a play on domestic tourism ... hard to find. There is lots of operational leverage when those parks get filled up, as you might imagine. It is all fixed cost. That stock had upgrades of about 12 per cent as a result of those good results that Chris mentioned. The stock has not really performed as a result. We think that the stock should do well once the domestic holiday season becomes apparent as a driver for earnings and this is a great way to play that. So, Ingenia is a buy.
  Forum: By Share Code

nipper
Posted on: Sep 19 2020, 12:11 PM


Group: Member
Posts: 7,636

Matthew Kidman (Livewire Markets): Now, Macquarie Telecom used to be really boring .... just sell your voice products. Now they build data centres. Buy, hold, or sell?
QUOTE
Gary Rollo (Montgomery Investments): Macquarie Telecom is a buy. This one has got everything for us. The top line over the course of the next four or five years is going to be driven by the data centre earnings power, and that is a great theme. You know, cloud is driving that market. The business can self fund the data centre development, so there is no need for extra capital. The stock is on 12 times EBITDA. You have got a management team that has delivered since it has been listed for about 12 or 13 years. It is a buy.



Matthew Kidman (Livewire Markets): Okay. You sound like you're falling in love, not picking a stock. Chris,: Macquarie Telecom. It's really changed itself over time. It might have been boring, but it has really got investor interest. Buy, hold, or sell?
QUOTE
Chris Stott (1851 Capital): Hold, Matthew. So, FY21 for Macquarie Telecom was an investment year, so they are deploying over $140 million of CapEx into a couple of new data centres at Macquarie Park and down in Canberra. So, again, David Tudehope, major shareholder, has done a terrific job with this business for well over a decade and continues to do so. But for now, it is an investment year, which will suppress their earnings in the second half of this financial year, so we'd look to review it around that stage, but for now, it's a hold.
  Forum: By Share Code

nipper
Posted on: Sep 19 2020, 12:04 PM


Group: Member
Posts: 7,636

Matthew Kidman (Livewire Markets): Gary, it has been around forever. Been a super stock ARB. Buy, hold, or sell?
QUOTE
Gary Rollo (Montgomery Investments): ARB is a sell for us. Look, it is super high quality. Whenever you mention quality in small caps, ARB jumps into mind, so it is a premier league type stock. The problem is opportunity. At 19 times EBITDA and a business model that is capable of delivering mid single digit type growth, you are paying a lot for that quality. So, Liverpool type quality, but Tranmere Rovers type of opportunity .... so pass that one on.


Matthew Kidman (Livewire Markets): Chris, while we're in lockdown in COVID, nothing better than ripping off the old bumper bar and putting on a new one, a few floodlights. ARB. Buy, hold, or sell?
QUOTE
Chris Stott (1851 Capital): Buy, Matthew. So, one of the strongest results we saw at reporting season, they called out a record order book in their history. They are actually struggling to keep up with demand at the moment out of their Thailand facility, and also Kilsyth and Melbourne. So, a really strong balance sheet, great management team, really leveraged to that interstate travel thematic over the next six to 12 months. So buy.
  Forum: By Share Code

nipper
Posted on: Sep 19 2020, 11:41 AM


Group: Member
Posts: 7,636

There is nothing yet on the ASX Upcoming Floats page
https://www.asx.com.au/prices/upcoming.htm

though things might change. This potential float is timely; some might even say opportunistic, especially as the potential raise amount has doubled.
QUOTE
Facemask maker CleanSpace to launch.

Street Talk understands the ASX aspirant, which manufactures respiratory masks for workers in the healthcare and industrial sectors, will launch its IPO bookbuild on Thursday next week, with help from its brokers Wilsons and Bell Potter. It is understood the company was looking to snare $131.4 million, after originally planning to raise up to $60 million. A raising of that size implied an enterprise value of $305 million and a market capitalisation of $340 million. The bookbuild would be launched after three days of marketing meetings with fund managers from Monday to Wednesday next week.

It is understood those meetings would be mainly aimed at the investors who had signed up to cornerstone the raising and cornerstone institutions were being sent a pathfinder prospectus on Friday. At those meetings, funds were told that the company posted $28 million in revenue for fiscal 2020 and exports its masks to more than 40 countries. Its clients include the likes of Ramsay Health Care, Sydney Childrens Hospital, Rio Tinto, Boral and Airbus.

Existing investors in the business include fund managers Acorn Capital and CVC.

Founded in 2009 by ResMed engineers, the company is helmed by ex PwC operative Dr Alex Birrell, who is supported by chief financial officer and former Macquarie director Elizabeth Harvey.

CleanSpace plans to hit the boards on 23 October.
https://www.afr.com/street-talk/medical-dev...20200918-p55wua

The respirators provide filtered air and utilise sensors to provide enough clean air depending on how deeply the user is breathing.
  Forum: Off Topic Chat

nipper
Posted on: Sep 19 2020, 11:23 AM


Group: Member
Posts: 7,636

Spotlight on CSL Revenue Targets

https://www.sharecafe.com.au/2020/09/14/spotlight-on-csl-revenue-targets/


  Forum: By Share Code

nipper
Posted on: Sep 18 2020, 07:23 PM


Group: Member
Posts: 7,636

QUOTE
A key trend is the dramatic reduction of air cargo capacity as a result of the significant loss of commercial airline capacity. Current estimates indicate that freighter capacity now accounts for 66% of total air capacity on the Transatlantic lane; 83% on the Trans Pacific; and 80% on the Europe to Asia lane. This compares to pre COVID freighter capacity of 33% for Transatlantic; 59% for Trans-Pacific and 50% for Europe to Asia.


QUOTE
Pre COVID, we projected that the US domestic market would hit 100 million packages per day by calendar year 2026. We now project that the US domestic parcel market will hit this mark by calendar year 2023, pulling volume projections forward by three years from the previous expectations. E-commerce fuelled substantially by this pandemic is driving the extraordinary growth

Brie Carere, Chief Marketing Officer, FedEx Corporation
  Forum: Off Topic Chat

nipper
Posted on: Sep 18 2020, 06:55 PM


Group: Member
Posts: 7,636

meantime
QUOTE
On Friday afternoon, 60 wharfies kickstarted the latest round of industrial action by walking off the DP World terminal for four hours and holding a meeting led by Maritime Union Australia Sydney secretary Paul McAleer.The MUA is striking in response to DP World push to change rosters and better deal with idle time as part of productivity offsets. It comes at the same time as action at the Patrick and Hutchison Port Botany terminals.

as a response, Maersk, the worlds largest shipping line has stopped imports arriving in Sydney, a strong response to the union industrial campaign that is stretching supply chains already under COVID19 pressure. Fashion wear, hand sanitiser, electrical products and furniture are inside some of the thousands of containers subject to 11 day delays, or forced to head instead to Melbourne as a result of action affecting all three major stevedores at Port Botany.


.... and who were the goons that went on strike when the Japanese were attacking at Milne Bay in 1942? ... Um ....
  Forum: Off Topic Chat

nipper
Posted on: Sep 18 2020, 06:50 PM


Group: Member
Posts: 7,636

that is the issue... the ethnicity. the cultural norm of clan loyalty
  Forum: Off Topic Chat

nipper
Posted on: Sep 18 2020, 03:51 PM


Group: Member
Posts: 7,636

delayed reaction, probably, to the notification from yesterday
QUOTE
... announce significant increases in the natural graphite mineral resources within its wholly owned Vittangi Graphite Project....
could even be Europe based buying? up nearly 20% to 75c
  Forum: By Share Code

nipper
Posted on: Sep 18 2020, 01:37 PM


Group: Member
Posts: 7,636

I am rereading A Fortunate Life by A B Facey.


Baby boomers got lucky !!
  Forum: Macro Factors

nipper
Posted on: Sep 18 2020, 01:29 PM


Group: Member
Posts: 7,636

like the ambition. 10 Full ones.

the market is throwing some startling run-ups in tech and exploration sectors
  Forum: By Share Code

nipper
Posted on: Sep 18 2020, 11:41 AM


Group: Member
Posts: 7,636

to and fro
QUOTE
RECOMMENDED 5GN OFF MARKET TAKEOVER BID

Webcentral today announces that:
... the Webcentral Board has determined that neither the Web.com Counterproposal nor the Revised Web.com Proposal (with the revised consideration of $0.18 per Webcentral share) would provide an equivalent or superior outcome for Webcentral shareholders as a whole compared with the 5GN Proposal;

... the Webcentral Board has determined that the 5GN Proposal is a Superior Proposal to the Web.com Counterproposal and the Revised Web.com Proposal, notwithstanding the increased headline cash offer of $0.18 by Web.com; and

... Webcentral has entered into a bid implementation deed with 5GN
  Forum: By Share Code

nipper
Posted on: Sep 18 2020, 11:30 AM


Group: Member
Posts: 7,636

Clover announced today. will pay 2.5c dividend. Some growth but impacted by Covid, in several ways.

Negatively, the new NZ plant taking longer to get going; finding it hard to build volumes with customers. The reaching into new markets impaired by travel restrictions. New products on hold.

on the plus side, home sales lifted with stocking of pantries, but this may be a one off.
  Forum: By Share Code

nipper
Posted on: Sep 18 2020, 11:23 AM


Group: Member
Posts: 7,636

buyers have given way to sellers for VOR.

down to 18c, but volume is off as well.
  Forum: By Share Code

nipper
Posted on: Sep 17 2020, 05:54 PM


Group: Member
Posts: 7,636

closed on its high... $1.195 (was 7c only six months)
  Forum: By Share Code

nipper
Posted on: Sep 17 2020, 04:54 AM


Group: Member
Posts: 7,636

I may look further, but my initial reaction when I see this headline is to think along the lines of Socialising losses and privatising profits


https://www.afr.com/companies/energy/cannon...20200916-p55w2t
QUOTE
Cannon-Brookes and Musk keen for big battery number two

The two billionaires chatted overnight, but Mike Cannon-Brookes says the Morrison government must clearly set out the rules of engagement before he backs a new investment.
.
  Forum: Macro Factors

nipper
Posted on: Sep 16 2020, 09:27 PM


Group: Member
Posts: 7,636

https://stockhead-com-au.cdn.ampproject.org...-rare-upside%2F
  Forum: Investment Discussion

nipper
Posted on: Sep 16 2020, 04:58 PM


Group: Member
Posts: 7,636

has been around since 2014 .... so it has been a long time coming. And evolving with a SaaS model of late.

Worldwide reach as Strata Title law seems to be following the Aust model ... might give an advantage?
  Forum: By Share Code

nipper
Posted on: Sep 16 2020, 04:39 PM


Group: Member
Posts: 7,636

Urbanise.com Limited (UBN) is a provider of industry specific cloud based software platforms designed and developed for the Strata, Facilities Management, Utilities and Insurance industries. The products offered by UBN include Urbanise Strata Platform, Urbanise Facilities Management Platform and Urbanise Utilities Platform.

Strata Managers
Primary use
• Manage apartment buildings, strata commercial towers and large housing communities
• Accounting and administration of strata bodies and funds
• Communicate with owners and residents
Benefits
• Integrated finance, banking and operations platform
• Compliance with local strata legislation
• Mobile app and e-services


Facilities Managers, Outsourcers, Asset Managers
Primary use
• Manage infrastructure, buildings, residential and commercial properties
• Asset Management
• Workforce Management
Benefits
• Reduce paperwork and administration costs
• Manage multiple assets & contracts from one place
• AI and machine learning
• Real time reporting and analytics
  Forum: By Share Code

nipper
Posted on: Sep 16 2020, 10:53 AM


Group: Member
Posts: 7,636

was going to put this in The banks thread, but here is probably more relevant
QUOTE
The coronavirus pandemic has of course thrown up lots of problems for business leaders, but senior bankers face a novel challenge in working out how to manage the tens of thousands of home loan borrowers who have decided to ghost them.

It's estimated that around one in five customers who opted to defer their home loan repayments are now ghosting their bankers: they are simply refusing to respond to phone calls, texts, letters and emails from the banks.

Now, this is not an insignificant number of would be ghosters. According to figures provided to the Australian Prudential Regulation Authority, the banks still had about 414,430 deferred home loans, with a total value of $167 billion, on their books as at the end of July.

Even if the banks have made some progress in whittling down the number of deferred home loans, it suggests that about 80,000 home loan borrowers, who owe a little more than $30 billion, have decided that their best financial strategy is to avoid having any sort of contact with their bankers.....
https://www.afr.com/companies/financial-ser...20200914-p55vil

so... where now?
QUOTE
[It has been]pointed out that although APRA has given them capital relief on deferred home loans until March next year, the prudential regulator does require banks to form a view as to whether the borrower will eventually be in a position to resume repayments. And this means that banks need to have conversations with their customers so that they can more accurately gauge their financial situation.
Indeed, bankers say that the clear message they are getting from APRA is that the prudential regulator does no want banks to give borrowers the impression that loans will be rolled indefinitely.
So where does that leave the tens of thousands of ghosters?

One senior banker explained that people were obviously not talking to the banks in the hope that the problem might simply go away. But, he added, this situation could not continue indefinitely. The notes will get a little bit sharper to get a response, he explained. He said that was why the banks were urging customers to talk to them before their six-month home loan deferral periods ran out. One month after, three months after, the letters will get more severe, he predicted.

But, he shrugged, then, of course, we'll get a bullying complaint.
and good luck to everyone
  Forum: Off Topic Chat

nipper
Posted on: Sep 15 2020, 09:57 AM


Group: Member
Posts: 7,636

as telegraphed
Offering SPP for up to $30,000 of ALI shares; open from 18 Sept and close on 09 Oct.

Price will be the LOWER of:
• $2.07 per new share (maximum price), which is a 2% discount to the volume weighted average price of ALI shares traded on the ASX on the Ex-dividend date; OR
• the volume weighted average price of ALI shares traded on the ASX over the last 3 days of the SPP Offer period (6 October to 8 October 2020 inclusive), rounded down to the nearest cent.
  Forum: By Share Code

nipper
Posted on: Sep 14 2020, 05:37 PM


Group: Member
Posts: 7,636

Hungry... Another under performer in his sights
QUOTE
A number of fellow shareholders of Contango Income Generator Limited (ASX: CIE) have called us asking how to lodge their vote against the Board of Director's illogical proposal at the upcoming Extraordinary General Meeting (EGM) on Friday, 18 September. We have also received numerous inquiries regarding the validity of CIE's distribution of pre-filled proxy forms, which is in breach of Listing Rule 14.2.1. We have material concerns about the challenging and intimidating tactics being used by CIE to solicit votes from shareholders for the EGM.

We thought it prudent to share with you clear instructions on how to lodge or change your vote. We consider it critical that shareholders are given a voice and are able to exercise their votes freely and validly.

Voting against the resolution on 18 September will allow Wilson Asset Management to continue to pursue our superior proposal for all CIE shareholders.

Your vote against the resolution can be submitted prior to the deadline of 10:00am (AEST) on Wednesday, 16 September 2020 ....

On 20 August 2020, CIE announced that it had received a notice under section 249D of the Corporations Act requesting that the company convene a meeting to consider resolutions to remove Mark Kerr and Don Clarke as directors of CIE and to appoint Geoff Wilson and Glen Burge. Wilson Asset Management has put forward additional resolutions requiring the Directors of CIE to call and arrange to hold a general meeting to consider the termination of the existing investment management agreement and the appointment of Wilson Asset Management (International) Pty Limited as manager.
  Forum: By Share Code

nipper
Posted on: Sep 14 2020, 04:53 PM


Group: Member
Posts: 7,636

thanks for updating on this. Angola sounds a challenge, the Lobito railway was upgraded by the Chinese and I suspect they will stick around, try and control production.


Now called Pensana Rare Earths. PM8

(I did not follow it subsequent to earlier posts)
  Forum: By Share Code

nipper
Posted on: Sep 14 2020, 03:21 PM


Group: Member
Posts: 7,636

Starpharma has completed additional antiviral testing for its SPL7013 COVID 19 nasal spray, with data generated at the Scripps Research Institute in the US showed the spray inactivating more than 99.9 per cent of SARS CoV 2, the virus that causes COVID 19.

The antiviral activity was evident both before and after exposure of cells to to the virus, meaning the spray could be used both before and after patients get infected.

QUOTE
We are delighted to be working with Professor Gallay to expedite the development of this important product, said Starpharma chief executive Jackie Fairley. This potent virucidal action is consistent with the activity seen for SPL7013 in other viruses, including HIV and HSV.


Starpharma said it was rapidly advancing development of the spray and with expedited approval, the product could be ready for market in the first half of 2021.
  Forum: By Share Code

nipper
Posted on: Sep 14 2020, 03:18 PM


Group: Member
Posts: 7,636

takeover

Pacific Equity Partners will buy enterprise software and services firm Citadel for $5.70 a share, giving the deal an enterprise value of $503.1 million and valuing Citadel's equity at $448.6 million. The purchase will take place via a scheme of arrangement, with the offer price representing a 43.2 per cent premium to Citadel's last closing price of $3.98 a share.

The Citadel board will declare a 15 cent per share special dividend, which will enable shareholders to receive up to 6.4 cents of franking credit benefits. The scheme will provide a scrip alternative to enable Citadel shareholders to retain an indirect interest in the business. The Citadel board unanimously recommends the deal in the absence of a superior proposal; directors intend to vote their Citadel shares in favour of the scheme.
QUOTE
"The scheme is an attractive transaction which provides an all-cash option for Citadel shareholders," said chairman Peter Leahy.
  Forum: By Share Code

nipper
Posted on: Sep 13 2020, 09:04 PM


Group: Member
Posts: 7,636

seems to be standard procedure. Cuff em when standing; if there is resistance, get em to the ground, immobilise then cuff.

Used to be called wallopers a while ago; much more sensitive and trained nowadays. outcome is similar.


  Forum: Off Topic Chat

nipper
Posted on: Sep 13 2020, 11:24 AM


Group: Member
Posts: 7,636

check out the clip on kabaddi in this article; great sport, should be in the Olympics (India, Pakistan, Nepal, Iran and a few of the 'stans)

https://www.abc.net.au/news/2020-09-13/indi...uccess/12648400
  Forum: Off Topic Chat

Poll: The Banks
nipper
Posted on: Sep 12 2020, 08:16 PM


Group: Member
Posts: 7,636

QUOTE
You could be forgiven for thinking ANZ, CBA, NAB and Westpac had abandoned wealth management. After a series of scandals culminating in the Hayne royal commission, the incumbents embarked on a series of big ticket asset sales, jettisoning troublesome divisions that caused them and their shareholders so much grief. But to suggest they have ceded the market to AMP and IOOF is not correct.

It is true to say they are no longer building, managing and selling everything from superannuation to insurance and managed funds. But wealthy bank customers still require advice and the big four are only too happy to oblige .... for a price.

The two giants of the wealth space, AMP and IOOF, have 3260 advisers between them. They manage about $200 billion on behalf of 1.5 million customers. The numbers will swell by 50 per cent after IOOF beds down the MLC purchase, with about 500 of its advisers expected to come across....

But as IOOF and AMP duke it out over the mass market, the big four have set their sights on a more lucrative prize; the 63,000 Australians classified as high networth individuals and estimated to be worth between $US5 million ($6.9 million) and $US10 million.

https://www.afr.com/wealth/personal-finance...20200908-p55tht

(but in reality, the cutoff is $A2.5mill,where sophisticated investor rules apply. No Statement of Advice, fewer protections and a lower compliance burden than those in place for retail investors.)
  Forum: Investment Discussion

nipper
Posted on: Sep 12 2020, 08:07 PM


Group: Member
Posts: 7,636

Westpac ... wealth management

Westpac, Australia's oldest bank, is pursuing the same model as the biggest bank, CBA. A model of wholesale only. Like NAB, however, it has moved the private bank into the business division.

It seems like a lifetime but it was only 18 months ago the bank said it was resetting its wealth strategy with the sale of its employed adviser arm to Viridian. Like the others, it has not turned its back on wealth entirely with about 500 staff at its private arm.

Ashley Stewart, managing director of Westpac Private Wealth, says it specialises in providing banking, lending and investment services to 10,000 customers.
QUOTE
Our global investment service for high net worth individuals is one of the market's fastest-growing propositions for sophisticated, wholesale investors with investable assets above $1 million, he adds.

On the investment side, Westpac will lend its expertise to help blend the right mix of equities, funds, property, debt, bonds, private credit and private equity. They also do execution and can discuss specific holdings.

If you have less than $1 million, Westpac is happy to give you the name of a good financial adviser. And they wont even take a commission. (aka forget about it, next, moving on quickly, get outa here, do not waste my time, I am not out of bed for less than $2mill, etc)
  Forum: By Share Code

nipper
Posted on: Sep 12 2020, 08:02 PM


Group: Member
Posts: 7,636

ANZ .. wealth management

As James Dunlop, ANZ Private head of investments and wealth, tells it, the bank selling of its insurance arm to Zurich and its advice arm to IOOF, was one of the best things that could have happened.

Freed from the shackles of vertical integration, the private bank and high net worth advice arm of ANZ has been able to pursue a best of breed model, installing the product agnostic Netwealth as a default platform (which costs just 15 basis points per annum) and concentrate on delivering for the client.
QUOTE
It creates a good environment for people to work in, they are not the distribution business they were historically, Dunlop adds.
Costs at ANZ Private start at $6000 for statement of advice and average about $12,000 per annum for ongoing advice. The business has about 6000 clients and 350 staff including 100 bankers and 35 advisers. It also draws on the expertise of 16 staff from the chief investment office within the bank.
QUOTE
If you are spending 75 per cent of your time talking to clients, you have to accept you are not the best stockpicker or fund selector, so having a robust chief investment office is really important, Dunlop says.

ANZ Private targets clients with investments and debt of $3 million. All members of the adviser team have completed the FASEA exams or will soon. Dunlop agrees that the wholesale or sophisticated investor classification reduces the compliance burden by as much as 75 per cent but says the bank doesn't have a preference for one over the other. We are of the view that just because you have a lot of money does not make you wholesale, he adds.
The division itself is not much of a rainmaker for the business either, Dunlop concedes. While describing what ANZ Private does for the bank customers as a core offering, its contribution to the bank bottom line is almost negligible, which should give clients some comfort they are not lining someone else's pockets. Delivery of advice is not a profitable section to be in; we are an ancillary service that probably breaks even, it is certainly not the game in town if you are looking to be making a huge amount of money, Dunlop says.
  Forum: By Share Code

nipper
Posted on: Sep 12 2020, 07:53 PM


Group: Member
Posts: 7,636

NAB - wealth management


The NAB high net worth advice business, private bank and self directed investor offerings were placed under the stewardship of Justin Greiner in May. Greiner has been CEO of the 180 year old JB Were since 2013 and is only the ninth chief executive in its history.
JB Were and NAB Private are the advice and private bank arms respectively. Clients may work with one or both arms. The two units have about 350 client facing staff and about 20,000 customers with $52 billion in funds under management.

At NAB the advice and private wealth businesses have been repatriated to the NAB business division from retail, the reverse of what has happened at CBA. This is an important distinction according to Greiner, who says retail is about volume and processes.
QUOTE
You are sitting in a retail business that wants simplicity, it wants one way, same way. The choice now is either basic banking or holistic, whole of balance sheet support and I don't think high net worth Australians have had the choice before, Greiner says.

JB Were targets customers with investable assets of $2.5 million and about half its client base are classified as wholesale or sophisticated investors. Despite the lower compliance burden, all JB Were advisers are undertaking their Financial Adviser Standards and Ethics Authority (FASEA) exams. FASEA is the new professional standard in Australia and must be completed by existing advisers by the end of 2021. We just believe in it. We want professionals in our industry, we need to lift, Greiner says.

The JB Were financial services guide says retail clients are charged a minimum $3300 for a statement of advice and a further $5500 for additional ongoing advice. Greiner says this is not set in stone. We have taken the view that today it comes down the conversation you have with the client; how much you have to invest and what the fees are, that is not the starting point. There is no minimum, tell us what is important to you, he explains.

JB Were operates a multi asset platform that allows customers to keep track of investments in cash, equities, fixed income and less liquid alternatives that are not readily tradeable such as private equity, hedge funds and the like.
  Forum: By Share Code

nipper
Posted on: Sep 12 2020, 06:59 PM


Group: Member
Posts: 7,636

Commonwealth Bank


Earlier this year Commonwealth Bank completed a small restructure that moved its private bank from its business bank to the retail bank (but more of that later). Commonwealth Private focuses exclusively on wholesale or sophisticated investors (defined as individuals with income of more than $250,000 or assets of more than $2.5 million).

The sophisticated investor regime comes with fewer protections and a lower compliance burden than those in place for retail investors while providing clients with priority entree to opportunities such as IPOs, capital raisings and hard to access investment vehicles.

Angus Sullivan, Commonwealth Bank's group executive of retail banking, says CBA sees a big opportunity with its private bank and plans to invest $100 million in staff and infrastructure over the next three years.

QUOTE
There are around twice as many customers of our retail bank who qualify than there are customers of our private bank. We see a huge opportunity here to grow the customer base and attract the best private bankers, Sullivan adds.


CBA is cagey about the numbers but Commonwealth Private is understood to have between 10,000 and 20,000 customers. The $100 million investment is earmarked for another 100 frontline staff, taking its staff numbers to 400 and a soon-to-be released Commonwealth Private-only mobile app.

Angus Sullivan says while many of the revelations from the Hayne royal commission were challenging, they were a wake-up call. Supplied

The move of private to the retail bank is a big plus, Sullivan says, because technology has long been one of CBA core strengths and the private bank can now leverage that.

QUOTE
We are going to have the best culture and the best technology. We've got a phenomenal franchise here– we are going to take what we have done on the lending front and apply it to the private bank.


Because Commonwealth Private deals only in wholesale clients, it doesn't need to provide customers with statements of advice. The cost of advice and management is on application, so it's difficult to line up against rivals.

As a client of Commonwealth Private (or indeed any of the private banks), you can expect the execution of domestic and international share trades, global fixed income, access to hedge funds, multi-currency accounts and all manner of lending services. But you will pay for it. Execution isn't cheap across any of the big four private banks.

The question is, will investors go for it? After the bollocking the big four banks received at the Hayne royal commission, why wouldn't an investor seek independent advice?

CBA is free of many of the conflicts it used to have. Insurance and global asset management have been sold. But it still retains the superannuation business and investment platforms. Sullivan says while many of the revelations from the Hayne royal commission were challenging, they were a wake-up call. You've got to do better than that, he adds.

  Forum: By Share Code

nipper
Posted on: Sep 12 2020, 06:04 PM


Group: Member
Posts: 7,636

Ha yes. One from the past.
  Forum: Off Topic Chat

nipper
Posted on: Sep 12 2020, 01:57 PM


Group: Member
Posts: 7,636

I reckon there is an App in this.....

Especially in these Covid times, instead of offering up the full plethora from the menu for each restaurant that then has to social distance its clientele, in some specific locations, suburbs oe where the concentration and range is sufficient, then a few or multiple restaurants (not talking fast food) get together and offer either tapas or degustation or equivalent, with their signature dishes available. Amblers and ramblers can stroll along and have a full dine out experience from multiple offerings.

I wonder if it would work? Though the punters would probably end up at the pub, looking for lubrication; ithe take up would not be evenly distributed!
  Forum: Off Topic Chat

nipper
Posted on: Sep 12 2020, 10:56 AM


Group: Member
Posts: 7,636

There was a LIC called Wealth Defender Equities WDE, run by one of the bigger houses. It traded at a discount and nothing the directors did to get it up to NTA worked. Quite like the predicament for a few newer LICs. Buybacks, boosting their holdings, and that sort of thing.

WAM took it over, and what happened then? The premium that WAM had disappeared as the former holders sold out. Bye, and thanks for all the fish!

LIC trading is low key. They attract the buy and hold crowd.

  Forum: By Share Code

nipper
Posted on: Sep 11 2020, 05:57 PM


Group: Member
Posts: 7,636

there is always a paradox with fund managers. .... low level of funds under management FUM allows for stock picking and potential outperformance, and hence reputation (bragging rights) .... Then, get the flow of money and then the fees that come with it make life comfortable, but it then becomes harder to deviate from the index.

So Geoff Wilson has a diversification strategy, lots of funds. Small cap, Leaders, Microcap, an overseas one. And now he has absorbed an Alternative Fund (BAF) that will be rebranded WMA
  Forum: By Share Code

nipper
Posted on: Sep 11 2020, 05:07 PM


Group: Member
Posts: 7,636

This is old school stock picking...

https://finfeed.com/stock-of-the-week/acrow...-out-investing/
  Forum: By Share Code

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


Group: Member
Posts: 7,636

the wind is coming out of the 5GN sails. ... since coming back on after the successful completion of the placement of 5GN shares to raise $27.5 million at an offer price of $1.80 per share.

(The Placement was completed with a broad range of new and existing institutional investors. 5GN notes that the 5GN Proposal [for WebCentral] is fully funded through the $27.5 million Placement), ... but there has been a steady sell down from $2.10 to close at $1.69 today.

DNH
  Forum: By Share Code

nipper
Posted on: Sep 11 2020, 03:39 PM


Group: Member
Posts: 7,636

there is another, lapsed, delisted company with BTH. This version has been around since 2017 and doing OK
QUOTE
Bigtincan Holdings Limited (BTH) is a provider of enterprise mobility software, that enables sales and service organizations to increase sales win rates, reduce expenditures and improve customer satisfaction through improved mobile worker productivity.

Bigtincan Hub is a secure, artificial intelligence powered solution for mobile workforces that enables sales and service organisations and their employees to better engage and win with customers. Bigtincan customers are located in over 50 countries and operate in diverse industries and market segments. Bigtincan has 300 paying customers with 150,000 users.

probably well suited to Covid times, and the SP is well above any March sell off
QUOTE
Matthew Kidman : Okay. Time to get ambitious. What is one stock you think is ambitious and taking on the world that we should know about?Gary Rollo: Our name today is Bigtincan. We think Bigtincan is a buy. It is a small cap technology stock, software as a service. Excellent business model. It is a company that has gone global. It has a client roster that ranges from Anheuser-Busch, through Nike, up to large tech companies.

What it does is it helps companies manage their sales enablement. That is a growing area of the market. It is growing its top line at 40 per cent. It is a $400 million market cap. It is one of these microcap stocks that are just about to get into that point where larger funds can take a look at it. So, we think the technology stacks it well and it's got a bright future.



  Forum: By Share Code

nipper
Posted on: Sep 11 2020, 03:03 PM


Group: Member
Posts: 7,636

they seem to like this one. Now it is in the 200
QUOTE
Matthew Kidman (Livewire Markets): Okay. Let's jump into an area you know well. Data centres, the cloud, Megaport, appropriate name. Taking on the world in that area. Buy, hold or sell?

Gary Rollo (Montgomery): Megaport is a buy. Look, this company has an interesting proposition, not just here in Australia, but globally. And, as the name suggests, it is solving a problem that was not around yesterday. Corporate computing networks were designed for the old age. In the new world of cloud, you don't know what you've got to connect to and when. Megaport solves that problem, and it solves it in an elegant way. It has got a huge addressable market. And for us, that is one of the most interesting tech stories on the ASX and globally today.

Matthew Kidman: Megaport: mega by name, mega by price. Went up about 120 per cent since the [March] bottom. Chris, buy, hold or sell?

Chris Stott (1851 Capital): Sell. So, really good company, Matthew, but the valuation is incredibly stretched to us. 26 times revenue, yet to be positive in terms of from an EBITDA perspective. So, we think it has certainly had a strong run, as you mentioned, off the lows in March. So, sell.

  Forum: By Share Code

nipper
Posted on: Sep 11 2020, 01:10 PM


Group: Member
Posts: 7,636

QUOTE
Labour has been the biggest issue through COVID. A lot of the work is done by backpackers and there are normally about 170,000 backpackers around and currently there are about 70,000, so getting workers is going to be an issue
David Schwartz, CEO, Vitalharvest Trust [owner of Costa Group farmland assets]
  Forum: By Share Code

nipper
Posted on: Sep 11 2020, 07:48 AM


Group: Member
Posts: 7,636

ASX futures down 79 points or 1.3% to 5830 near 6.25am AEST

AUD down 0.4% to 72.56 US cents
On Wall St: Dow -1.5%, S&P 500 -1.8%, Nasdaq -2%
In Europe: Stoxx 50 -0.4%, FTSE -0.2%, CAC -0.4%, DAX -0.2%
Spot gold: +0.2% to $US1950.19/oz at 2.25pm NY
Brent crude : down 1.5% to $US40.20 a barrel
US oil : down 1.5% to $US37.47 a barrel
Iron ore : down 0.4% to $US126.09 a tonne
2-year yield: US 0.14%, Australia 0.21%
5-year yield: US 0.26%, Australia 0.38%
10-year yield: US 0.68%, Australia 0.93%, Germany -0.44


lots of yoyoing for a while. And these debts; does anybody care?
  Forum: Investment Discussion

nipper
Posted on: Sep 10 2020, 07:44 PM


Group: Member
Posts: 7,636

On Tuesday, shareholders of Blue Sky Alternatives Access Fund Limited (ASX: BAF) overwhelmingly voted in favour of our proposal to see the Company join the Wilson Asset Management stable as WAM Alternative Assets Limited (ASX: WMA) at an Extraordinary General Meeting.

In managing WAM Alternative Assets, we will provide Australian retail shareholders with access to alternative investment opportunities managed by a strong team. We will engage with current shareholders and market to new shareholders with a plan to return the share price to a premium to net tangible assets (NTA). We look forward to announcing the Portfolio Manager responsible for WAM Alternative Assets in the coming days.

..... I do not think the premium is attainable, short term ... Too many stale holders. But the discount has shrunk, with BAF lifting to 90c or better, while NTA is about $1.08.

Also, getting extra funds under management will be interesting.... Capital raise or three, but how to massage that reality?
  Forum: By Share Code

nipper
Posted on: Sep 10 2020, 01:10 PM


Group: Member
Posts: 7,636

QUOTE
This massive market rally is due in large part to the measures taken up by the Fed since the pandemic began, Druckenmiller said. He noted that, while the central bank did a great job in March by cutting rates and launching unprecedented stimulus programs to sustain the economy, the follow-up market rally has been excessive.


the other side:
QUOTE
We never had in the past interest rates that have been this low, both in terms of the spread and the 30 year bond yield and the 10 year bond yield, said an analyst. He also argues that in a low growth, low rate world, companies that can deliver high free cash flow will be rewarded ... and that is exactly what capital lite tech companies do.

Between 1984 and 2009, the S&P 500 produced free cash flow as a percentage of sales of 4.7 per cent, but since 2009 this has doubled to 10 per cent.

The more cash you have in a slower-growing world, the more your assets are worth, he argues, adding that the relationship between free cash flow and returns (in the form of dividends and buybacks) is a strong one. Growth and technology will win versus value and old economy, he says
  Forum: Investment Discussion

nipper
Posted on: Sep 9 2020, 05:41 PM


Group: Member
Posts: 7,636

And in a halt. Raising money. Lot of trading beforehand.
  Forum: By Share Code

nipper
Posted on: Sep 9 2020, 01:35 PM


Group: Member
Posts: 7,636

today, the big riser is SBW. Off the bench and up 50%. But it is volatile, and thinly traded.
  Forum: By Share Code

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