The rest of Australia really does feel for Sydneysiders, probably.

Two days after the Sydney city council bowed to “overwhelming” demands from the city’s denizens to give them back a 24-hour social life and promised to overhaul the city’s nightlife laws, an inner city pub has been noise-controlled for inconsiderate and annoyingly loud games of… petanque.

Apparently the clanking of balls at the Black Bottle bar, wedged between the extremely busy Darlinghurst Road and Victoria Street, was too much for one neighbour.

Here are the key ASX small cap winners at lunchtime on May 8, 2019.

The ASX Small Ords was down 22.1 points or 0.79 per cent to 2,788.4 at midday AEST.

GOING UP

Grow-your-own-body-part biz Orthocell (ASX:OCC) was flying this morning after releasing early data from the company’s Phase III trial of its CelGro technology in patients with damaged nerves.

It’s shown that patients have regained sensation and muscle function in affected limbs, reporting an 83 per cent improvement in muscle power.

Next up with news is Gulf Manganese (ASX:GMC), which cheerily informed the market today it’s got an Indonesian licence to export 103,162 tonnes of manganese concentrate a year.

And finally, Flexigroup (ASX:FXL) says Myer, IKEA, JB Hifi New Zealand, Solomon’s Carpets, Strandbags, National Hearing, National Dental Plan and City Fertility have joined its buy-now-pay-later (BNPL) platform.

Of most interest to Stockhead this morning was its claim to be the inventor of BNPL. A spokesman for the company says it started a white labelled BNPL service about 20 years ago (what we’d know as layby), and consumer-oriented (albeit sold via retailers) services since 2000.

Here are the best performing ASX small cap stocks at 11.30, May 8, 2019:

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Ticker Name Price % Chg Market Cap Volume
OCC Orthocell Ltd 0.27 145% $35,600,000 13.9M
ARO Astro Resources NL 0.003 50% $3,800,000 2.5M
GLE GLG Corp Ltd 0.15 36% $11,100,000 20.0k
MLS Metals Australia Ltd 0.002 33% $5,400,000 50.0k
DTR Dateline Resources Ltd 0.003 20% $23,900,000 68.5M
GMC Gulf Manganese Corp Ltd 0.006 20% $25,300,000 8.8M
KTE K2 Energy Ltd 0.006 20% $1,800,000 580.0k
SM8 Smart Marine Systems Ltd 0.02 20% $3,100,000 20.8k
AZS Azure Minerals Ltd 0.12 20% $13,300,000 108.2k
RSH Respiri Ltd 0.13 19% $65,700,000 1.7M
NHL Novita Healthcare Ltd 0.02 19% $8,500,000 100.1k
KPO Kalina Power Ltd 0.03 17% $20,300,000 446.7k
PIO Pioneer Resources Ltd 0.014 17% $21,100,000 65.0k
QFY Quantify Technology Holdings L 0.007 17% $6,800,000 435.8k
FXL FlexiGroup Ltd/Australia 1.57 16% $617,200,000 2.7M
HLX Helix Resources Ltd 0.02 14% $10,200,000 60.0k
AQX Alice Queen Ltd 0.02 14% $10,400,000 100.0k
EQE Equus Mining Ltd 0.008 14% $7,200,000 62.5k
LER Leaf Resources Ltd 0.03 14% $9,800,000 112.6k
TSN Transaction Solutions Internat 0.008 14% $19,300,000 250.0k
OAR Oakdale Resources Ltd 0.03 15% $5,200,000 466.0k

 

GOING DOWN

In investors’ bad books and leading the downward falls today is YPB (ASX:YPB), which has had to explain its role in an increasingly confusing crypto deal that involved First Growth Funds (ASX:FGF), DigitalX (ASX:DCC), and Blockchain Global.

The ‘token sale event’ was launched at the height of the crypto craze in December 2017, and the ASX is now trying to ascertain what money has changed hands, who is still participating in this deal and what everyone has actually done. And whether YPB ever saw any of a whopping $30m they’d speculated the token sale might raise.

Here are the worst performing ASX small cap stocks at 11.30, May 8, 2019:

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Ticker Name Price % Chg Market Cap Volume
SRO Shareroot Ltd 0.001 -50% $1,600,000 998.9k
CMC China Magnesium Corp Ltd 0.02 -40% $9,700,000 33.8k
YPB YPB Group Ltd 0.006 -33% $5,500,000 8.9M
TSC Twenty Seven Co Ltd 0.003 -25% $2,700,000 190.5k
OEX Oilex Ltd 0.003 -25% $7,700,000 56.6k
WNB Wellness and Beauty Solutions 0.013 -24% $4,600,000 2.8M
XPL Xplore Wealth Ltd 0.1 -23% $29,700,000 115.0k
TV2 TV2U International Ltd 0.004 -20% $9,100,000 2.0M
PCL Pancontinental Oil & Gas NL 0.004 -20% $10,800,000 495.0k
CXZ Connexion Telematics Ltd 0.008 -20% $6,800,000 2.3M
AEE Aura Energy Ltd 0.009 -18% $10,900,000 31.5M
VIC Victory Mines Ltd 0.003 -17% $3,100,000 307.4k
AAJ Aruma Resources Ltd 0.005 -17% $3,100,000 400.0k
FPL Fremont Petroleum Corp Ltd 0.008 -17% $11,900,000 18.4M
ADO Anteo Diagnostics Ltd 0.01 -17% $17,400,000 6.9M
NVO NVOI Ltd 0.02 -14% $19,700,000 23.3M
TAR Taruga Minerals Ltd 0.03 -14% $4,200,000 306.8k
MZN Marindi Metals Ltd 0.003 -14% $6,300,000 600.0k
IPT Impact Minerals Ltd 0.006 -14% $7,900,000 300.0k
CZL Consolidated Zinc Ltd 0.012 -14% $14,100,000 266.7k