It’s Monday!

Coming up on Stockhead today, why a nine-time Young Rich Lister joined the board of a $14m adtech, which directors bought into their own companies last week, and why you should spend your money on dollar stocks over pennies.

But first, here’s what you need to know right now:

 

The week ahead in data

There is no shortage of data this week, and most of it is coming today and tomorrow.

Today will see the Melbourne Institute releasing monthly and yearly inflation figures, the ANZ is dropping stats on job advertisements, while the Australian Bureau of Statistics is releasing data on quarterly pre-tax profits made by companies across the country and monthly and yearly building permits.

Tuesday will be all about the Reserve Bank of Australia, which is making a decision on interest rates — will they be kept stable at 1.5 per cent for the 28th consecutive month? Probably. Also coming is the ABS current account balance data, which features a heap of figures on interest, taxes, imports and exports.

Wednesday the ABS has the gross domestic product yearly and quarterly data, and follows it up on Thursday with further import and export data as well as retail sales.

 

Company news

Six companies are due out of trading today. Here’s the lowdown:

  • MyFiziq (ASX:MYQ), re a commercial arrangement with a China-based insurance company and wellness platform
  • Celsius Resources (ASX:CLA), re an update on the company’s Opuwo cobalt project and a restructuring of its board
  • Golden Rim Resources (ASX:GMR), re a capital raising
  • Orminex (ASX:ONX), re an acquisition
  • Longtable Group (ASX:LON), re an acquisition of Maggie Beer’s food company and a capital raise
  • Norwood Systems (ASX:NOR), re a capital raising

Just a few companies releasing shares from escrow this week – Proteomics International (ASX:PIQ) with 3.9 million out on Tuesday, Jaxsta (ASX:JXT) with 250k and Auctus Alternative (ASX:AVC) with 750k out Wednesday.

 

Commodities

Gold: $US1293.32 -/+ 0%

Silver: $US15.20 -/+ 0%

Oil (Brent): $US65.07 -1.45%

Oil (WTI): $US55.80 -2.48%

Coal: $US96.50 +1.21%

Iron ore 62% fe: $US85.98 -1.55%

AUD/USD: $US70.92

 

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What got you talking last week

Queensland gas takeovers got people talking on the Stockhead Facebook chat forum, which you can join here.

Senior journalist Rachel Williamson investigated why all the mooted takeovers didn’t happen.

Member Luke Burty wrote, referring to State Gas (ASX:GAS): “Waiting for GAS, it’s close. They are just waiting to close the legal loop to acquire the last 20% of the project from Dome who are broke and didnt fund any of the drilling campaign last year. Still lots of room to move north from here.”

These were the most-discussed stocks on stock gossip forum HotCopper at close on Friday:

 

 

Last week’s winners

Software company 9Spokes (ASX:9SP) led the way last week, with a Microsoft-inspired surge after it signed a deal with the global computing giant.

Coming off a low base of 1.2 cents, shares in 9SP more than doubled on Friday, hitting a high of 4.1 cents before closing at 2.9 — a gain of around 300 per cent.

The company announced it has been approved as a ‘One Commercial’ partner by Microsoft, which will also co-sell and co-market 9SP products to clients.

9SP’s software allows small businesses to aggregate multiple functions including payroll and accounting onto one platform.

Junior explorer Titan Minerals (ASX:TTM), posting a gain of 50 per cent to 3 cents a share after striking a potential deal to merge with Canadian miner Core Gold.

A key figure in the negotiations was Titan chairman Matt Carr, who previously plied his trade as a professional footballer with the Fremantle Dockers in AFL.

Carr told Stockhead the deal will give Titan access to Canada’s Dynasty goldfield, which looks like a “huge” gold system.

And it’s been a busy year at OpenDNA (ASX:OPN), an AI-based consumer marketing business that has added digital marketing and a Chinese e-commerce marketplace to its offering.

Shares in the company doubled to six cents this week after it announced two new deals it hopes will accelerate its expansion into the Chinese market.

ASX code Company Market Cap Price this Friday Price last Friday One-week change
9SP 9 SPOKES INTERNATIONAL LTD 5.94M 0.01 0.04 300%
ANW AUS TIN MINING LTD 29.82M 0.01 0.02 100%
SIH SIHAYO GOLD LTD 29.67M 0.01 0.02 100%
OPN OPENDNA LTD 11.38M 0.03 0.06 100%
MEU MARMOTA LTD 10.45M 0.01 0.02 100%
ATP ATLAS PEARLS LTD 7.27M 0.01 0.02 100%
ALY ALCHEMY RESOURCES LTD 7.05M 0.01 0.02 100%
CMD CASSIUS MINING LTD 5.22M 0.01 0.02 100%
FRN FRASER RANGE METALS GROUP LT 4.25M 0.01 0.02 100%
SCN SCORPION MINERALS LTD 2.83M 0.01 0.02 100%
EGY ENERGY TECHNOLOGIES LTD 20.62M 0.14 0.25 79%
PEC PERPETUAL RESOURCES LTD 11.16M 0.03 0.05 66%
CCG COMMSCHOICE GROUP LTD 10.77M 0.06 0.1 66%
TTM TITAN MINERALS LTD 66.66M 0.02 0.03 50%
NET NETLINKZ LTD 33.11M 0.02 0.03 50%
MGL MAGONTEC LTD 26.22M 0.02 0.03 50%
SUP SUPERIOR LAKE RESOURCES LTD 21.42M 0.02 0.03 50%
MNW MINT PAYMENTS LTD 20.42M 0.02 0.03 50%
RDG RESOURCE DEVELOPMENT GROUP L 15.79M 0.02 0.03 50%
IOD IODM LTD 12.47M 0.02 0.03 50%
XPD XPD SOCCER GEAR GROUP LTD 10.95M 0.02 0.03 50%
CXU CAULDRON ENERGY LTD 8.23M 0.02 0.03 50%
HHM HAMPTON HILL MINING NL 7.37M 0.02 0.03 50%
IPB IPB PETROLEUM LTD 6.21M 0.02 0.03 50%
ADR ADHERIUM LTD 5.23M 0.02 0.03 50%
SIS SIMBLE SOLUTIONS LTD 9.91M 0.07 0.1 43%
GTN GTN LTD 303.37M 0.95 1.33 40%
LAW LAWFINANCE LTD 33.37M 0.05 0.07 40%

 

Last week’s losers

Delivery management software company GetSwift (ASX: GSW) finished the week 41 per cent lower at 26 cents per share — an all-time low — after corporate regulator ASIC alleged the company misled investors.

GetSwift directors came out on the front foot and said they would “vigorously defend” the charges.

Ticker Name Market cap Price this Friday Price last Friday % change
TLM TALISMAN MINING LTD 16.16M 0.23 0.09 -60%
SIL SMILES INCLUSIVE LTD 16.80M 0.29 0.14 -51%
PIO PIONEER RESOURCES LTD 22.56M 0.02 0.01 -50%
VRM VERDANT MINERALS LTD 15.45M 0.02 0.01 -50%
CI1 CREDIT INTELLIGENCE LTD 11.49M 0.02 0.01 -50%
FHS FREEHILL MINING LTD 9.88M 0.02 0.01 -50%
TSL TITANIUM SANDS LTD 8.89M 0.02 0.01 -50%
KMT KOPORE METALS LTD 8.14M 0.02 0.01 -50%
RDS REDSTONE RESOURCES LTD 7.06M 0.02 0.01 -50%
DMG DRAGON MOUNTAIN GOLD LTD 5.01M 0.02 0.01 -50%
ICU ISENTRIC LTD 3.12M 0.02 0.01 -50%
IDZ INDOOR SKYDIVING AUSTRALIA 1.91M 0.02 0.01 -50%
UNL UNITED NETWORKS LTD 1.51M 0.02 0.01 -50%
OAR OAKDALERESOURCES LTD 1.01M 0.02 0.01 -50%
GES GENESIS RESOURCES LTD 3.13M 0.008 0.004 -50%
AMT ALLEGRA ORTHOPAEDICS LTD 10.95M 0.2 0.11 -45%
GSW GETSWIFT LTD 52.79M 0.44 0.26 -41%
TBH BETMAKERS HOLDINGS LTD 7.84M 0.05 0.03 -40%

 

That’s all you need to know. Go go go!