Rise and Shine: Everything you need to know before the ASX opens
Pic: Carmen Martinez Torron/Moment via Getty Images
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.
• Lithium stocks surge as Stellanis invests $76m in $VUL
• $HFR one big step closer to building Europe’s next big potash mine
• Visible nickel identified in 4 of first 6 holes into $WMG Mulga Tank project #ASX by @reubenadams6
https://t.co/spfbS6Kbz7— Stockhead (@StockheadAU) June 24, 2022
And wondering if the ASX players may have been oversold.
What do the Chinese know that we don’t? #lithium https://t.co/eA3ppkPVey pic.twitter.com/obnTarhQSX
— Evan Cranston (@EvanCranston) June 23, 2022
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:
| Code | Company | Price | % Week | Market Cap |
|---|---|---|---|---|
| PYG | Paygroup Limited | 0.94 | 154% | $111,227,636 |
| TEM | Tempest Minerals | 0.076 | 95% | $32,305,035 |
| BEX | Bikeexchange Ltd | 0.038 | 90% | $7,950,164 |
| BIR | BIR Financial Ltd | 0.03 | 67% | $5,443,085 |
| LIN | Lindian Resources | 0.11 | 49% | $80,437,325 |
| RSH | Respiri Limited | 0.051 | 46% | $38,854,164 |
| CMO | Cosmo Metals | 0.18 | 44% | $4,081,600 |
| LVH | Livehire Limited | 0.37 | 37% | $80,277,103 |
| AR9 | Archtis Limited | 0.15 | 36% | $42,208,513 |
| TTT | Titomic Limited | 0.27 | 35% | $53,670,475 |
| AFW | Applyflow Limited | 0.002 | 33% | $4,436,412 |
| WBE | Whitebark Energy | 0.002 | 33% | $11,246,251 |
| YPB | YPB Group Ltd | 0.02 | 33% | $4,923,365 |
| 3DP | Pointerra Limited | 0.24 | 33% | $159,284,458 |
| ICI | Icandy Interactive | 0.07 | 32% | $78,566,941 |
| ST1 | Spirit Technology | 0.054 | 32% | $38,553,968 |
| AR1 | Austral Resources | 0.605 | 32% | $137,319,610 |
| NCL | Netccentric Ltd | 0.091 | 30% | $25,754,061 |
| AVR | Anteris Technologies | 28 | 30% | $362,160,918 |
| WSP | Whispir Limited | 0.94 | 29% | $94,186,664 |
| CNB | Carnaby Resource Ltd | 0.975 | 28% | $124,322,369 |
| REZ | Resourc & En Grp Ltd | 0.029 | 26% | $12,495,145 |
| NME | Nex Metals Explorat | 0.04 | 25% | $10,680,945 |
| RCE | Recce Pharmaceutical | 0.755 | 25% | $133,235,183 |
| DRX | Diatreme Resources | 0.041 | 24% | $124,565,488 |
| UNI | Universal Store | 4.19 | 22% | $283,267,885 |
| T3K | Tek Ocean Group | 0.14 | 22% | $4,910,175 |
| CTT | Cettire | 0.485 | 21% | $152,495,288 |
| PBH | Pointsbet Holdings | 2.47 | 21% | $646,278,437 |
| WA1 | Wa1Resourcesltd | 0.145 | 21% | $4,210,076 |
| AQS | Aquis Ent Ltd | 0.12 | 20% | $4,286,301 |
| DVL | Dorsavi Ltd | 0.012 | 20% | $3,538,813 |
| DXN | DXN Limited | 0.006 | 20% | $8,827,889 |
| PSL | Paterson Resources | 0.03 | 20% | $9,838,499 |
| VMC | Venus Metals Cor Ltd | 0.18 | 20% | $22,661,802 |
| HFY | Hubify Ltd | 0.044 | 19% | $21,624,283 |
| MAP | Microbalifesciences | 0.255 | 19% | $49,791,870 |
| AVH | Avita Medical | 1.705 | 18% | $110,288,629 |
| CLG | Close Loop | 0.39 | 18% | $122,439,789 |
| AEF | Australian Ethical | 5.23 | 18% | $530,467,291 |
| BFC | Beston Global Ltd | 0.085 | 18% | $68,240,153 |
| TLX | Telix Pharmaceutical | 4.59 | 18% | $1,298,107,724 |
| NNG | Nexion Group | 0.08 | 18% | $5,660,970 |
| R3D | R3D Resources Ltd | 0.135 | 17% | $10,456,174 |
| EXR | Elixir Energy Ltd | 0.135 | 17% | $115,925,339 |
| AAC | Australian Agricult. | 2.37 | 17% | $1,428,557,190 |
| RMI | Resource Mining Corp | 0.17 | 17% | $59,185,096 |
| APX | Appen Limited | 6.28 | 17% | $715,988,865 |
| PSQ | Pacific Smiles Grp | 1.845 | 17% | $288,045,398 |
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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