Lunchtime ASX small cap wrap: Who’s fixing something that ain’t broke today?

Link copied to
clipboard

Mustard and ice cream. They are good but best kept separate.

But French’s and Coolhaus are combining the two for National Mustard Day, on Saturday.

What do the companies have to say for themselves?

“August 3rd is National Mustard Day, and after 115 years of using mustard to add something bold and unique to standard fare, we thought, ‘What about ice cream?'”

While it will only be available in New York and Los Angeles, you could have a go at making it yourself – the recipe is right here.

I scream, you scream, wait.. mustard ice cream? Yes, and it's delicious! We partnered with @Coolhaus for #NationalMustardDay on 8/3 to bring you mustard like you've never had it before. Click here to learn more: https://t.co/bkszXuy0NV pic.twitter.com/edOPK6s7tu

— French's (@Frenchs) July 31, 2019

Delish Magazine noted it didn’t taste like mustard – rather like ordinary vanilla and smelt like cotton candy and bubblegum. Food colouring anyone?

Speaking of fixing something that ain’t broke, the US Federal Reserve killed the mood of investors anticipating further rate cuts. Despite doing so, it said this was not a new cycle of rate cutting.

This sent US markets down more than 1 per cent overnight. Our markets have followed them, the ASX Small Ords is down 0.49 per cent to 2,947 and the ASX 200 fell 0.22 per cent to 6,798.

Going up

Two of today’s gainers were betting stocks. PointsBet (ASX: PBH) gained 17 per cent after it announced a rollout in 5 US states, and Betmakers (ASX: TBH) jumped 26 per cent after launching a new product.

P2P Transport (ASX: P2P) jumped 45 per cent after its quarterly and full year earnings forecast. It estimates $5.63 million in full year earnings on the back of $78 million in underlying revenue.

Here are the best performing ASX small cap stocks at lunchtime, Thursday August 1:

Swipe or scroll to reveal the full table. Click headings to sort

Going down

Adherium (ASX: ADH) lost 17 per cent after releasing a quarterly last night which showed it burnt through nearly twice as much cash as it made – making $1.3 million but with a net outflow of $1.1 million.

Here are the worst performing ASX small cap stocks at lunchtime, Thursday August 1:

Swipe or scroll to reveal the full table. Click headings to sort

Something completely different:

It’s impossible to resist a good jetpack video. Here’s British nutjob Richard Browning, getting even better at using those Iron Man attachments he’s been developing for several years now:

share

• 
• 
• 
• 

Link copied to
clipboard

SUBSCRIBE

Get the latest Stockhead news delivered free to your inbox.

Name*

Email*

Hidden

Email Lists

Morning Update

Lunch Update

Market Close Update

Weekend Update

It's free. Unsubscribe whenever you want.

By proceeding, you confirm you understand that we handle personal information in accordance with our Privacy Policy.