Welcome To The Australian Investor
What has performed well in today’s market, things you should be aware of on both a micro and macro level.
Academies Australasia Group Limited (‘AKG’) today announced that on 23 November 2017, AKG and its associate Jilcy Pty Ltd (Jilcy Super Fund A/C) (‘JSF’), sold all their shares in Redhill Education Limited (‘RDH’) at $1.89 cents per share, on market. AKG sold 2,423,752 shares. JSF sold 540,000 shares.
Collection House Limited (ASX: CLH) today announced that Anthony Rivas has been appointed as Managing Director and Chief Executive Officer, effective immediately. Mr Rivas has been Chief Executive Officer of the Company since 6 July 2016, and during this period has positioned the company for sustained earnings growth, based on product innovation and effective cost control.
• Diamond drillhole UBD0002D1 , in progress, has intersected two significant zones of sulphide mineralisation correlating with the Taipan and Cobra target zones at the Ubeong Project: i) a 90m zone from 25.9m of skarn mineralisation with variably disseminated sulphides including sphalerite (Zn), arsenopyrite and trace galena (Pb) in the Taipan target zone, ii) a … Continue reading “DRILLING INTERSECTS TWO SIGNIFICANT SULPHIDE ZONES AT UBEONG PROJECT IN SOUTH KOREA AMENDED”
Robo 3D Limited (“Robo” or the “Company”), is pleased to advise that the non-renounceable pro rata entitlements issue announced by the Company on 3 November 2017 (“Entitlements Issue”) closed on 21 November 2017. The Company received applications for 11,703,681 new fully paid ordinary shares (“Shares”) under the Entitlements Issue and received a total of $526,665.65.
The securities of Goldfields Money Limited (the “Company”) will be placed in Trading Halt Session State at the request of the Company, pending the release of an announcement by the Company. Unless ASX decides otherwise, the securities will remain in Trading Halt Session State until the earlier of the commencement of normal trading on Tuesday 28 November … Continue reading “GOLDFIELDS MONEY LIMITED – TRADING HALT”
The securities of Austal Limited will be suspended from official quotation immediately, at the request of the Company pursuant to listing rule 17.2, pending the release of an announcement in relation to a material government shipbuilding contract and an investor call.
Oliver’s Real Food (ASX: OLI) Tesla partners with Oliver’s at Maryborough Qld store Oliver’s Real Food Limited (Oliver’s or the Company) is pleased to advise that it has entered into a licensing arrangement with Tesla to install 7 Tesla Super Chargers at the Oliver’s Maryborough location (Bruce Highway, 255 Kilometres north of Brisbane). Tesla installed 6 Super Chargers at … Continue reading “Oliver Oliver”
Peako Limited (ASX : PKO) (Peako or the Company) is pleased to advise that it has executed an agreement with Sandrib Pty Ltd under which it has the right to earn a 60% interest in the Eastman Project Tenement. Peako will be the sole manager of the Eastman Project Tenement and can earn 60% of the Tenement by … Continue reading “Peako advise”
1300SMILES Ltd announces that it has entered into an agreement to acquire a dental practice in Ingham, Queensland. Settlement is expected to occur by end November 2017, subject to final conditions, including satisfactory due diligence. The new acquisition will complement 1300SMILES’ other dental practices in regional Queensland, including its three new acquisitions in Gladstone, Maleny on the Sunshine … Continue reading “Another Queensland Acquisition”
buyMyplace.com.au Limited is very pleased to announce the appointment of Colin Keating as permanent CEO following a comprehensive search process. Prior to this appointment, Colin had been performing this role on an interim basis. Chairman Matthew Driscoll said, “after an extensive and independently run process to find the most suitable candidate facilitated by a wellrespected executive search firm, I’m … Continue reading “buy my place”
$3.75 M capital raising to accelerate development of Felix device Highlights: Non-renounceable Entitlement, Convertible Note Issue and Placement to raise approximately $3.75 million. Includes circa $1.78 million in loans received by the Company to be converted via the Entitlement Issue and placement, leaving approximately $2 million before costs. On completion, Memphasys will be poised … Continue reading “$3.75 M capital raising to accelerate development of Felix device”
David Duffy, Chief Executive Officer commented “We have delivered a strong performance in 2017 having met all of our targets and recorded our first statutory profit in over five years. As a result, we are pleased to be recommending an inaugural dividend to our shareholders. This is a good first step in our three-year plan and we remain … Continue reading “Yorkshire Yorkshire”
Response to Macquarie Telecom Off-Market Takeover Bid – The Independent Board Committee Recommends that Shareholders Take No Action at This Time Bulletproof Group Limited (ASX:BPF) (Bulletproof) refers to the attached announcement made earlier today by intention to make an off-market takeover bid to acquire all of the outstanding voting shares in Bulletproof that it does not already own for … Continue reading “Response to Macquarie Telecom Off-Market Takeover Bid”
Centuria Property Funds No. 2 Limited (CPF2L), as Responsible Entity of Centuria Industrial REIT (ASX:CIP), has completed independent valuations of 100% of CIP’s assets as at 31 October 2017. The valuation program has delivered: • a $31 million increase1 in carrying value of investment properties2 • an NTA uplift to $2.47 per unit3 , an increase of 12 … Continue reading “Centuria revaluation”
All product lines and regions reported growth. This is the seventh year of continuous revenue growth. Revenue from new licence fees increased by 17% to $53.4 million, up from $45.7 million in the prior financial year. Total company revenue increased by 8% to $91.2 million, up from $84.5 million in the prior financial year. Expenses were flat when … Continue reading “Integrated Research Limited in the news”
Drilling Completed at the JE Zone and Grunter North Prospects, Paperbark Project Highlights • Drilling at the JE Zone on the Paperbark Project, north-west Queensland, has intersected a new zinc mineral system • Indications of zinc mineralisation were intersected from 116.0m – 166.0m (down hole depth) • Geological characteristics suggest the new JE Zone zinc mineralisation is similar … Continue reading “Drilling Completed at JE”
• The Retail Entitlement Offer has closed, with approximately A$85 million in applications received • Approximately A$26 million retail Entitlements will be offered under the Retail Shortfall Bookbuild, expected to commence after market close today (Monday, 20 October 2017) Nufarm Limited (“Nufarm”) today announced the successful completion of the retail component (“Retail Entitlement Offer”) of its fully underwritten … Continue reading “Nufarm successfully completes retail entitlement offer”
Macedonia Genesis Resources Limited (ASX:GES) (Genesis or the Company) is pleased to announce an updated Mineral Resource estimate, prepared in accordance with The JORC Code, 2012 Edition, for the Plavica Project in Macedonia. The total Measured, Indicated and Inferred Mineral Resources as at November 2017 are estimated at 37.4 million tonnes (MT) at 0.77 grams per tonne of gold … Continue reading “Mineral Resource Update for 926K Ounces of Gold within oxide and transitional material at the Plavica Project”
Tabcorp Holdings Limited (Tabcorp) welcomes the decision of the Australian Competition Tribunal (Tribunal) to grant authorisation for the proposed combination (Transaction) of Tabcorp and Tatts Group Limited (Tatts). The Tribunal’s decision to grant authorisation for the Transaction represents a significant step towards implementing the Transaction. The Tribunal has decided to grant authorisation in respect of Tabcorp’s new application … Continue reading “Australian Competition Tribunal authorises proposed combination of Tabcorp and Tatts “
Stone Resources Australia Limited (ASX: SHK) (“SRAL” or the “Company”) is pleased to announce a 5,000 metre drilling program to commence on 17 November 2017. The goal of the drilling is to expand the Mineral Resources in the Brightstar North Tenement package (Ben Hur 289 KOz, Cork Tree Well 237 KOz, as referred to in year 2017 … Continue reading “Stone Resources news”
Newfield Resources Limited (the “Company”) is pleased to announce the sale of its fourth parcel of alluvial rough diamonds in Antwerp, Belgium. The diamonds were recovered from dredge sampling of the Sewa River within the Company’s 100% owned Allotropes Diamond Project in Sierra Leone. The average sale value was USD 462/ct, which reflects both the high quality and relatively coarse … Continue reading “Newfield in the news”
Kalia Limited (ASX: KLH) is pleased to announce the granting of Exploration Licences (EL03 and EL04) on Applications 007 and 008 by the Autonomous Bougainville Government in the Tore region of Bougainville Island in the Autonomous Region of Bougainville, Papua New Guinea on 15 November 2017. The President of the Autonomous Region of Bougainville in … Continue reading “Kalia under starters orders”
Challenger Limited (ASX:CGF) today announced that Challenger Life Company Limited (CLC) has received commitment from institutional and wholesale investors to subscribe for $400 million of subordinated notes which, when issued, will qualify as Tier 2 Capital under APRA’s prudential standards. The CLC Subordinated Notes are floating rate, paying interest quarterly based on a margin above the 3 month bank … Continue reading “Challenger announcement”
Centuria Property Funds No. 2 Limited (CPF2L), as Responsible Entity of Centuria Industrial REIT (ASX:CIP), has completed independent valuations of 100% of CIP’s assets as at 31 October 2017. The valuation program has delivered: • a $31 million increase in carrying value of investment properties2 • an NTA uplift to $2.47 per unit3, an increase of … Continue reading “Centuria responsible”
Sydney, Australia, 15 November, 2017: The Directors of Biotron Limited (ASX: BIT) are pleased to advise that in recently completed preclinical studies several of the Company’s compounds have demonstrated significant anti-viral activity against hepatitis B (HBV). The studies were completed in the USA in cell culture models that are considered ‘industry standard’ and are well recognised by potential pharma … Continue reading “BIOTRON COMPOUNDS DEMONSTRATE ACTIVITY AGAINST HEPATITIS B VIRUS”
Challenger Limited (ASX:CGF) today announced that as part of its process to replace Challenger Life Company Limited (CLC) Tier 2 subordinated debt, CLC has launched a new Tier 2 subordinated note issuance to institutional and wholesale investors (‘CLC Subordinated Notes’). CLC Subordinated Notes will be fully paid, unsecured, subordinated debt obligations of CLC1. CLC is rated A by … Continue reading “Challenger challenge”
Domain Holdings Australia Limited was admitted to the Official List of ASX Limited today, Wednesday 15 November 2017. Official quotation of the following securities is expected to commence at 12:00 pm AEDT Thursday, 16 November 2017, on a deferred settlement basis.
Andromeda Metals Limited have a non-renounceable pro rata 1-for-2 entitlement offer to acquire further shares in the Company at an issue price of $0.005 per New Share to raise approximately $1.425 million before costs. Participants in the Offer will also be issued with one free New Option for every New Share subscribed. The New Options are … Continue reading “Andromeda Metals fundraising”
Winmar Resources Ltd (Winmar) advises investors that its cash outgoings due to staff salaries and director fees will be reduced by 50%, effective December 1, 2017. The reduction will maximise the benefit of the recent rights issue, which raised approximately $492,000. The reductions in staff salaries and director fees are as follows: 1. Director fee … Continue reading “Winmar Resources makes reduction in salaries and director fees”
Mithril Resources Ltd (MTH:ASX) has advised that a 1,000-metre Reverse Circulation drilling program is underway at the Kombi and Fenceline Gold Prospects (located approximately 70 kms southeast of Meekatharra, WA. At Kombi drilling will follow-up recently obtained shallow gold intercepts 4m @ 12.76g/t gold from 20 metres in NRC17004, and 1m @ 5.44g/t gold from 20 … Continue reading “Gold drilling underway at Kombi and Fenceline”
Novogen Ltd, an Australian oncology drug development company, HAS announced today that it has entered into a Letter of Intent with Cedrus Investments Ltd for advisory services in order to establish a corporate structure focused on expansion into the Greater China region. The new corporate entity will enable Novogen to interact directly with the Chinese … Continue reading “NOVOGEN TO ESTABLISH CHINA ENTITY TO FURTHER COMMERCIALISATION AND PARTNERSHIPS IN WORLD’S SECOND-LARGEST PHARMACEUTICAL MARKET”
Fortescue Metals Group Ltd has refered to its announcement on 1 August 2017, regarding TransAlta Corporation’s (TAX:TA, NYSE:TAC) obligations under the South Hedland Power Purchase Agreement. Discussions between Fortescue and TransAlta have failed to reach a satisfactory outcome. Fortescue said that it is not satisfied that the performance conditions under the South Hedland Power Purchase … Continue reading “FORTESCUE’S TERMINATION OF AGREEMENT FOR SOUTH HEDLAND POWER STATION”
ASX: AVB (ASX: AVB) announced a 45% increase in JORC Reported Resources for the CentroGold Project. • Maiden Resource Estimate for Chega Tudo1 of: 11.3 million tonnes at 1.6 g/t gold, containing 577,000 ounces of gold • The combined Mineral Resource Estimate (MRE) for CentroGold increases by 45% to: 31.5 million tonnes at 1.8 g/t … Continue reading “AVB – CentroGold Resources Increase 45% and Exceeds 1.8 Million Ounces”
A New warehouse facility and production lines to deliver approx will add $17M in additional revenue over the next four years. Investment has delivered a 20% increase in production capacity at existing facilities which will yield a Net Present Benefit over $4M for the project after costs.
A statement of Monetary Policy from the RBA suggested the Australian economy is due to expand over the next couple of years. It also detailed that the mining investment conditions were likely to improve and commented that although inflation and wage growth has remained low, change was afoot.
Highlights: Petrographic test work increases historical porosity value by 50% Findings have the potential to significantly increase Anson’s Exploration Target Anson Resources Limited (ASX: ASN) has completed testing of the petrology of the Gold Bar Unit 2 well cuttings from Clastic Zone 31 at Anson’s Paradox Brine Project in Utah. The cuttings were obtained from … Continue reading “ASN – Porosity Results Higher than Previous Estimate”
AuMake Australia – a retail business that connects Australian suppliers directly with daigou shoppers and Chinese tourists – this week announced the acquisition of wool manufacturer Jumbuck Australia. The deal comes just one week after AuMake acquired Health Essence, a health supplements business. “We are having to move quickly because there is just so much … Continue reading “ASX-listed daigou business AuMake Australia surges 25pc”
The multi-year partnership is for the provision of branded reloadable cards used for betting. The cards can be used by BETDAQ customers to access their winnings immediately and remit funds back into their gaming account. BETDAQ is a brand within London-based betting company Ladbrokes Coral Group, offering exchange betting on a variety of national and … Continue reading “EML Payments partners with betting exchange BETDAQ”
Argosy Minerals has announced that its development of its Rincon lithium project located in the Lithium Triangle in Argentina, where stage 2 works are nearly completed. On completion, stage 2 of the project will result in about 10 hectares of evaporation ponds for lithium brine which will produce a concentrate that can be further processed into … Continue reading “Argosy Minerals announces further development of lithium project”
Commonwealth Bank has reported statutory net profit of $2.8 billion in the September quarter. Unaudited cash earnings for the quarter increased by 6 per cent to $2.65 billion. Operating income grew 4 per cent supported by volume growth and improved margins. The company issued $9.5 billion of long-term funding in the quarter, including a 30-year US$1.5 … Continue reading “Commonwealth Bank records $2.8bn net profit for Q1”
Despite hitting the 6,000 threshold, the ASX 200 is still underperforming compared to global stock markets claim some analysts. The ASX has risen 5.8 per cent for the year to date but in comparison to the Wall Street indexes which are up by 16 and 19 per cent respectively for the year over the same … Continue reading “ASX hits 6000 but could it be more?”
The banks have delivered another aggregate lift in net profit but margin deterioration mean question marks remain
Bill Gates who owns nuclear firm TerraPower has joined forces with the China National Nuclear Corporation to sign an agreement to develop a world-first nuclear reactor, whist using nuclear reactors waste from other providers TerraPower chairman and Chinese premier Li Keqiang signed a joint venture agreement to create the Global Innovation Nuclear Energy Technology company.
NAB’s solid annual profit result, was overshadowed by the bank’s plans to invest in technology and their aim to deliver cost savings later. Shares dropped 2.5 per cent over the week as a result of investor concern.
Automotive Solutions Group suggested that shareholders take no action in regards to the off market takeover offer from AMA Group.
Havilah Copper advised the market that it has raised necessary funds as a result of its recent rights issue
HIGH-GRADE, NORTH AMERICAN COBALT STRATEGY CONTINUES TO BUILD HIGHLIGHTS ▪ Longford has entered into an agreement providing it the right to earn an initial 60% interest in the high-grade Hazelton Cobalt-Copper-Gold Project in British Columbia, Canada ▪ The Hazelton Project includes 3 historic mines: • Victoria Mine – where ore grades averaged 123.4 g/t gold … Continue reading “LONGFORD ACQUIRES ADDITIONAL HIGH-GRADE COBALT PROJECT”
Heavy earthmoving equipment company Emeco has announced the successful completion of its institutional entitlement offer. The company raised approximately $67 million through 320 million new shares at 21 cents a share. Its retail entitlement offer is expected to raise approximately a further $13 million which will open next Tuesday 7 November and close on Friday 17 … Continue reading “Emeco raises $67M”
National Australia Bank has announced $5.29 billion in net profit in its FY2017 results released today, with cash earnings up 2.5 per cent to $6.6 billion compared to the previous year. The company is to cut around 6,000 jobs while creating up to 2,000 new roles. NAB said the results were ‘consistent’ while it equally matched … Continue reading “NAB announces $5.29B in profit and $6.6B in cash earnings”
Wellard Limited has announced that it has made its first shipment of beef steers from Australia to China. Around 2000 Angus-cross cattle were sent to Shidao, in the Chinese Province of Shandong. The cattle will be quarantined and processed in a purpose built facility that has been Exporter Supply Chain Assurance Scheme accredited. Wellard Executive Director … Continue reading “Wellard’s first shipment of beef cattle to China”