Kick Back: The 10 biggest stories you might have missed on Stockhead this week
The weekend. As a badly miscast actor once said:
And there’s been a lot to think about this week. The possibility of another five years of Donald Trump in the White House for starters.
Collingwood winning. That MAFS bitch messing with Dan’s fragile heart.
But it wasn’t all bad. Pauline Hanson lifted everyone’s spirits by admitting she’d read a book… about the Port Arthur conspiracy. When asked which one, she replied: “It was a blue book.”
So if you were distracted, we understand. But here’s what you missed in ASX Small Cap land.
A shock No 1 for the week. You actually, really think there’s such a thing as Australia’s tech scene.
Well, according to global VC fund Antler, there is, and here are three things which make it unique. Starting with, Australia’s tech scene is, well, “underdeveloped”.
Maybe these past few federal governments were actually onto something…
True story, because space footage is never faked:
Spacewalkers Anne McClain (@AstroAnnimal) and Nick Hague (@AstroHague) are at the Port-4 truss worksite preparing to swap old nickel-hydrogen batteries with new lithium-ion batteries. #AskNASA | https://t.co/yuOTrZ4Jut pic.twitter.com/tRgkCEOZgb
— Intl. Space Station (@Space_Station) March 22, 2019
So if it’s good enough for one of the most advanced scientific experiments humans have undertaken, it’s good enough for cars.
GM and Ford think so – they’re setting up EV manufacturing plants in Michigan. And Tesla has enough data now to be able to confidently tell its customers they don’t need to worry about annual services.
You might also be interested in thermal batteries – what they are and could they steal market share from lithium-ion?
Clinician software tech 1st Group (ASX:1ST) scored a pilot deal with $7.5 billion health insurers Medibank (shares up 85 per cent); Skin Elements (ASX:SKN) announced a big Chinese distribution deal (up 50 per cent); and Australia’s most successful pot stock Elixinol (ASX:EXL) just rose because pot stock (up 46 per cent).
The biggest loser? OncoSil Medical (ASX:OSL) got a big red cross (down 69 per cent) for its pancreatic cancer-fighting device from the British Standards Institute (BSI).
The British have standards. Huh.
More than just an epic game, asteroids are the real deal when it comes to future mining. Get your kids into mechatronics, folks, and they’ll look after you well into retirement.
To be honest, figuring out how to mine a space rock is probably the least difficult challenge on this list for future operators.
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The ASX might have plenty of questions about why Uniti Wireless (ASX:UWL) really fired the cofounders a day after listing, but their replacement has none whatsoever about the company’s value.
New CEO Vaughan Bowen bought $951,560 of stock on market within two weeks of taking on the job.
On the leaver’s side of things, “factoring service” provider CML (ASX:CGR) managing director Daniel Riley had to sell $800K in stock to buy a family property.
Albemarle is not only difficult to spell correctly in headlines (ノಠ益ಠ)ノ彡┻━┻ it’s also a proper big deal in global lithium.
So when it plumps down $1 billion to build a giant lithium processing plant in Kemerton, WA, the future starts to look a little more solid for everyone involved.
At full production, the plant will deliver up to 100,000 tonnes each year of premium battery grade lithium hydroxide.
Yes, Australia can actually do processing!
You don’t need to know stuff.
As a principal at corporate advisory firm TMT Partners, Hugh Richards has had a front row seat to many of the key trends in local tech and media. So if you want to know how things are heading, it’s much easier to just ask him.
Sam Jacobs did, and Hugh kept the trend list down to three big ones:
The Australian Hydrogen Energy Summit was held this week, and Rachel Williamson got to listen in on what the future of fuel might look like in Australia, about 20 years after the rest of the world rolls it out.
This is promising though – Toyota has brought in 13 hydrogen fuel cell cars to tempt government officials, and got a $3.1m grant to turn its former Altona carmaking factory into a refuelling station where they make hydrogen for vehicular use.
Not so interesting – Hyundai’s Nexo can do about 750km on an $88 tank.
Wasn’t the hydrogen dream all about filling our cars up with water?
And finally, back to Elixinol. Australia’s most successful pot stock, remember? Shares up 165 per cent year-on-year.
Maybe this is what happens when you let women run things, like Elixinol MD Linda McLeod.
Angela East took a closer look at the 30 small cap ASX-listed cannabis companies to see how many had women in either senior management or on their boards.
Of the total, 60 per cent had women in either a management position, on the board or both.
That’s all folks, thanks for being a Stockhead. Have a great weekend.