Rise and Shine: What you need to know before the ASX opens
Link copied to
Coming up on Stockhead today, it’s time to name and shame companies that don’t have women on their boards, the small caps that would get a gig in Bill Shorten’s battery factory, and directors who spent up big on their own businesses last week.
But first, here’s what you need to know right now:
This week won’t be as data heavy, with the budget having now passed, but there’s still enough to keep us interested.
On Monday ANZ releases job advertisement data.
That’s followed by home loan data on Tuesday by the Australian Bureau of Statistics and Westpac’s monthly consumer confidence figures.
Wednesday will see a speech by Guy Debelle, assistant governor of financial markets at the Reserve Bank of Australia.
Thursday has investment lending data for February from the ABS and consumer inflation expectations for April from the Melbourne Institute.
And then finally, on Friday, the RBA will release its all-important Financial Stability Review, which provides its assessment of the current condition of the financial system and potential risks to financial stability. It’s released twice a year.
There are a wealth of companies with shares coming out of escrow this week. Read Stockhead‘s two latest recaps for the who’s who in the world of escrow, and we’ll have you covered for the rest of the month.
And there are 13 companies that are due to come out of a trading halt in the next 48 hours:
Gold: $US1,291.30 ($1,817.45) -0.06%
Silver: $US15.08 -0.43%
Oil (Brent): $US70.34 +1.35%
Oil (WTI): $US63.08 +1.58%
Coal: $US80.80 +2.38%
Iron ore 62% fe: $US91.81 -0.78%
Want this headstart in your inbox every morning at 8am? Go on. Subscribe here. It’s free
Check out our Kick Back column, which highlights the 10 biggest stories we wrote during this past week that you might have missed.
On the Stockhead Facebook chat forum, it’s all about dairy formula and mining. Member Maxwell Percy had the following to say about Australian Dairy Nutritionals (ASX:AHF) buying an infant formula production plant:
“My only concerns are how many companies from NZ & Australia are entering the Chinese dry powder milk infant formula market. Also Chinese companies buying into such companies. My other concerns are Chinese regulations appear capable of changing on a whim.”
Fellow member Ricky Jackson referred to an article by The Australian on disputes between mining companies and the Tjiwarl people.
“Good luck to junior mining companies and explorers getting financial funding for the next few years,” he wrote.
And a brand new column also lit up some readers’ excitement: Stockhead has employed the services of The Secret Broker, a stockbroker with 35 years’ experience in the industry, to reveal some secrets. Read his first offering on what a trip to Venezuela in the 1980s taught him about Bitcoin.
These were the five most-discussed stocks on trading gossip forum HotCopper at close on Friday:
— HotCopper (@HotCopper) April 5, 2019
Mining minnow Dreadnought Resources (ASX: DRE) gained 100 per cent to 0.4 cents this week after announcing it has completed the cash and scrip acquisition of IronRinger Resources.
Dreadnought now plans to commence exploration at its Yampi project in WA “as soon as exploration approvals are received”.
GetSwift (ASX:GSW) shares moved 68 per cent to 29c this week, though it had little in the way of major news out.
The company announced on Tuesday that it had appointed seasoned tech executive Marc Naidoo to its board.
Fellow tech company KneoMedia (ASX:KNM) was up 61 per cent to 2.6c, thanks to news that Florida’s Department of Education had approved its KneoWorld as a partner product.
KNeoMedia chief James Kellett told investors this access to funding had previously roadblocked the company from significant expansion.
|Ticker||Name||Market cap||Price last Friday||Price this Friday||% change|
|DRE||DREADNOUGHT RESOURCES LTD||$4,323,260||0.002||0.004||100|
|IAM||INTIGER GROUP LTD||$15,101,062||0.005||0.009||80|
|LI3||LITHIUM CONSOLIDATED LTD||$9,990,433||0.071||0.091||55|
|AJC||ACACIA COAL LTD||$6,101,478||0.001||0.0015||50|
|OGX||ORINOCO GOLD LTD||$6,977,005||0.002||0.003||50|
|CGM||COUGAR METALS NL||$1,598,208||0.001||0.0015||50|
|CLZ||CLASSIC MINERALS LTD||$4,508,580||0.001||0.0015||50|
|FGF||FIRST GROWTH FUNDS LTD||$14,003,634||0.006||0.009||50|
|GCR||GOLDEN CROSS RESOURCES LTD||$4,064,889||0.027||0.040||48|
|GLN||GALAN LITHIUM LTD||$36,756,640||0.230||0.325||41|
|TKM||TREK METALS LTD||$2,186,125||0.005||0.007||40|
|CUX||CROSSLAND STRATEGIC METALS L||$7,081,525||0.005||0.006||40|
|EHX||EHR RESOURCES LTD||$5,066,720||0.028||0.037||39|
|LNY||LANEWAY RESOURCES LTD||$40,480,724||0.008||0.011||37|
|AGR||AGUIA RESOURCES LTD||$20,531,894||0.091||0.130||37|
|MZZ||MATADOR MINING LIMITED||$14,009,667||0.190||0.260||37|
|IEC||INTRA ENERGY CORP LTD||$8,917,653||0.017||0.023||35|
|BUY||BOUNTY OIL & GAS NL||$3,813,604||0.003||0.004||33|
|AZI||ALTA ZINC LTD||$5,475,863||0.003||0.004||33|
|CZN||CORAZON MINING LTD||$5,061,134||0.003||0.004||33|
|AJJ||ASIAN AMERICAN MEDICAL GROUP||$40,530,332||0.090||0.120||33|
|ECX||ECLIPX GROUP LTD||$265,298,448||0.640||0.822||30|
Shares in Neurotech (ASX:NTI) fell 25 per cent to 1.2c this week as the fallout continued from a revelation last week its former strategic adviser had lied about his qualifications.
Dr Adrian Attard Trevisan was terminated from his role after an investigation by a Maltese newspaper found he did not have a PhD in neuroscience from University College London.
The company said he came clean, upon which he was summarily deposed.
There was not a great deal of negative movement amongst small caps based on news this week. $53 million Big River Industries (ASX:BRI) dropped 24 per cent to $1.01.
|Ticker||Name||Market cap||Price last Friday||Price this Friday||% change|
|JXT||JAXSTA LTD||$ 65,432,072.00||0.375||0.3||-20|
|RHI||RED HILL IRON LTD||$ 10,916,587.00||0.25||0.2||-20|
|FRX||FLEXIROAM LTD||$ 8,908,580.00||0.05||0.039||-20|
|IOD||IODM LTD||$ 13,482,939.00||0.034||0.027||-21|
|8CO||8COMMON LTD||$ 7,287,482.00||0.063||0.05||-21|
|QEM||QEM LTD||$ 10,000,000.00||0.12||0.095||-21|
|O||ORA GOLD LTD||$ 4,522,671.00||0.009||0.008||-22|
|RMI||RESOURCE MINING CORP LTD||$ 2,073,871.38||0.009||0.007||-22|
|IBN||IBUYNEW GROUP LTD||$ 1,525,545.38||0.09||0.07||-22|
|AFR||AFRICAN ENERGY RESOURCES-CDI||$ 8,146,957.50||0.017||0.013||-24|
|BRI||BIG RIVER INDUSTRIES LTD||$ 53,574,388.00||1.35||1.01||-24|
|PKO||PEAKO LTD||$ 1,391,192.88||0.025||0.019||-24|
|CYQ||CYCLIQ GROUP LTD||$ 2,860,537.25||0.004||0.002||-25|
|ANL||AMANI GOLD LTD||$ 5,535,341.00||0.002||0.002||-25|
|TSC||TWENTY SEVEN CO LTD||$ 2,676,183.75||0.004||0.003||-25|
|XST||XSTATE RESOURCES LTD||$ 3,421,472.75||0.004||0.003||-25|
|NTI||NEUROTECH INTERNATIONAL LTD||$ 1,628,926.38||0.016||0.012||-25|
|KP2||KORE POTASH PLC - CDI||$ 30,073,206.00||0.049||0.036||-29|
|CI1||CREDIT INTELLIGENCE LTD||$ 9,845,126.00||0.017||0.012||-29|
|UUV||UUV AQUABOTIX LTD||$ 2,274,563.25||0.02||0.014||-30|
|AHK||ARK MINES LTD||$ 613,554.13||0.018||0.012||-33|
|VMG||VDM GROUP LTD||$ 12,555,322.00||0.003||0.002||-33|
|PNN||PEPINNINI LITHIUM LTD||$ 1,637,348.88||0.003||0.002||-33|
|THD||THRED LTD||$ 3,578,781.75||0.003||0.002||-33|
|VAR||VARISCAN MINES LTD||$ 1,271,073.63||0.0015||0.001||-33|
|DDD||3D RESOURCES LTD||$ 2,214,442.25||0.003||0.002||-33|
|LCY||LEGACY IRON ORE LTD||$ 2,936,528.25||0.003||0.002||-33|
|SHK||STONE RESOURCES AUSTRALIA LT||$ 1,623,292.25||0.003||0.002||-33|
|AQS||AQUIS ENTERTAINMENT LTD||$ 5,924,513.50||0.05||0.032||-36|
|HHM||HAMPTON HILL MINING NL||$ 4,422,080.50||0.025||0.015||-40|
|GCY||GASCOYNE RESOURCES LTD||$ 27,311,714.00||0.097||0.051||-47|
That’s all you need to know. Go go go!