On Stockhead today, the best and worst IPOs of FY21-22, how to invest in property right now, and Bottom Picker picks bottom.

But first … the day ahead.

 

WHO’S LISTING THIS WEEK?

BINDI METALS (ASX:BIM)
Raised: $4.8 million
Price: 20c
Listing: Tuesday, June 28, 12pm AEST

Markets are acting like spoilt babies right now, investors throwing themselves out with the bathwater as inflation chews up the toys that used to float among the bubbles.

But the IPO market isn’t dead yet, not by a long shot, with exploration plays still just hot enough to hit it up for cash.

The first float to have a set listing time is Bindi Metals, which is planning to pick up the Biloela project in Queensland.

Our IPO nerd Em Davies says this one is prospective for gold and copper.

And indeed the specs may well show that.

The company plans to compile data and geophysical surveys at the Flanagan’s and Great Blackall prospects, followed by a drilling program at both prospects.

Flanagan’s boasts a 1.5km long by 180m wide stretch of outcropping gold rich mineralisation hosted in diorite, with rock chip results of up to 21g/t gold and 5.2% copper.

 

TRADING HALTS

The following companies entered trading halts on Friday and will exit in the coming days.

Centrepoint Alliance Limited (ASX:CAF) – There’s a non-binding indicative offer from Diverger Limited (ASX:DVR) to acquire all Centrepoint shares.

Orthocell Limited (ASX:OCC) – Announcement about a global exclusive licence and manufacturing agreement for its Striate+ product pending.

BWX Limited (ASX:BWX) – Trading update pending.

 

WHAT GOT YOU TALKING LAST WEEK?

Amid all the doom and gloom across the mining sector, a late charge from locally listed lithium stocks had markets excited.

And wondering if the ASX players may have been oversold.

 

LAST WEEK’S ASX SMALL CAP WINNERS:

Here are the best performing ASX small cap stocks for June 20 – June 24:
Swipe or scroll to reveal full table. Click headings to sort:

PayGroup (ASX:PYG) found itself the subject of a rather terrific $120 million takeover bid from American startup unicorn Deel.

Deel’s Aussie business wants to snap up PayGroup in an all-cash feast of human resource deliciousness.

Deel wants to pay the group one Aussie dollar for each shiny new share. Mathematicians inform us that is a 175% premium on PYG’s last close of around 36 cents.

Ending the week at 94 cents, we had a standout winner for the week.

LAST WEEK’S ASX SMALL CAP LOSERS:

Here are the best performing ASX small cap stocks for June 20 – June 24:

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

Code Description Last % Week Market Cap
KWR Kingwest Resources 0.066 -47% $22,353,518
IMR Imricor Med Sys 0.11 -45% $21,494,091
AYA Artryalimited 0.425 -45% $35,076,787
AMD Arrow Minerals 0.002 -43% $5,471,795
HUM Humm Group Limited 0.44 -42% $284,779,283
BMH Baumart Holdings Ltd 0.105 -42% $26,054,056
DCN Dacian Gold Ltd 0.105 -42% $184,463,101
GFN Gefen Int 0.08 -41% $5,375,996
CBL Control Bionics 0.13 -37% $6,291,363
C29 C29Metalslimited 0.11 -35% $2,994,750
ILA Island Pharma 0.12 -35% $5,189,559
OLL Openlearning 0.03 -35% $7,074,685
OKR Okapi Resources 0.19 -34% $24,013,530
AUQ Alara Resources Ltd 0.041 -34% $33,860,603
3MF 3D Metalforge 0.012 -33% $2,311,006
A8G Australasian Metals 0.2 -33% $8,645,804
AYM Australia United Min 0.004 -33% $7,370,310
AYT Austin Metals Ltd 0.008 -33% $9,142,872
DVL Dorsavi Ltd 0.01 -33% $3,538,813
GO2 Thego2People 0.012 -33% $4,879,659
MGG Mogul Games Grp Ltd 0.002 -33% $6,523,320
NAE New Age Exploration 0.006 -33% $10,051,292
OMX Orangeminerals 0.08 -33% $3,898,714
RCW Rightcrowd 0.04 -33% $11,762,338
KKO Kinetiko Energy Ltd 0.05 -33% $35,974,068
BKG Booktopia Group 0.235 -33% $32,966,232
EPN Epsilon Healthcare 0.0225 -33% $5,528,142
SZL Sezzle Inc. 0.29 -33% $58,234,393
ABV Adv Braking Tech Ltd 0.021 -32% $7,962,124
WMC Wiluna Mining Corp 0.33 -32% $101,961,574
WR1 Winsome Resources 0.22 -31% $29,725,079
DEL Delorean Corporation 0.093 -31% $21,356,371
SLZ Sultan Resources Ltd 0.1 -31% $8,744,861
KCC Kincora Copper 0.065 -31% $5,127,158
FGL Frugl Group Limited 0.009 -31% $1,813,950
VEE Veem Ltd 0.42 -31% $59,037,962
GCR Golden Cross 0.063 -30% $6,583,537
GLV Global Oil & Gas 0.0035 -30% $7,493,419
M24 Mamba Exploration 0.07 -30% $3,374,000
ACB A-Cap Energy Ltd 0.063 -30% $86,270,456
EM2 Eagle Mountain 0.28 -30% $79,092,469
SHP South Harz Potash 0.098 -30% $55,863,542
PNR Pantoro Limited 0.21 -30% $322,879,456
TGM Theta Gold Mines Ltd 0.061 -30% $39,066,141
CPO Culpeominerals 0.2 -30% $9,019,413
GLA Gladiator Resources 0.019 -30% $10,343,398
ELT Elementos Limited 0.42 -29% $79,708,033
RVS Revasum 0.265 -29% $30,715,830
KP2 Kore Potash PLC 0.017 -29% $12,991,744

On the flop side, enormous choice, but we’re going to have to go with Humm Group (ASX:HUM).

Down 44% since Monday, Humm also lost most of its humm as well as the cream of its board who were not to outlive the death of their much touted takeover deal with Latitude Financial.

Majority directors Wylie and Muir fell on their swords, while chairman Christine Christian says she’ll go when a fitting replacement is found.

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