On Stockhead today, the Chinese stocks delivering double-digit returns on the ASX, the case for uranium, and should you hold out for Fujifilm to come good on the Cynata deal?

But first, here’s what you need to know about the week ahead.

 

The week ahead in data

Busy start to the week on Monday with Melbourne Uni’s economics and commerce department releasing monthly inflation estimate data — the higher the inflation, the stronger the effect it will have on a probability of a rate hike by the Reserve Bank of Australia.

Monday will also see the ANZ release figures on job advertisements and the Australian Industry Group and Housing Industry Association has data on the construction market.

Tuesday sees the Australian Bureau of Statistics go to work with retail sales data as well as import and export data, while the RBA hands down its monthly rate decision. It has not moved from its current 1.5 per cent level since August 2016, an unprecedented period of no change.

This time around, there is some noise that the RBA may cut the rate to 1.25 per cent, which would be a new record low. There has not been an increase in nearly a decade.

Not much else until Friday, when the ABS releases home loan data and the RBA drops its quarterly monetary policy statement.

 

Company news

Click here for a list of stocks with shares coming out of escrow this week, though we’ll keep you updated on a daily basis.

These seven stocks are due out of a trading halt in the next 48 hours:

Monday:

  • Magnetite Mines (ASX:MGT) – capital raising
  • Alto Metals (ASX:AME) – capital raising
  • Fenix Resources (ASX:FEX) – potential transport joint venture

Tuesday:

  • Magnetic Resources (ASX:MAU) – capital raising
  • Walkabout Resources (ASX:WKT) – capital raising
  • Actinogen Medical (ASX:ACW) – phase 2 clinical trial results
  • Troy Resources (ASX:TRY) – capital raising

 

Commodities

Gold: $US1,278.94 ($1,833.07) +0.68%

Silver: $US14.92 +2.05%

Oil (Brent): $US70.85 +0.14%

Oil (WTI): $US61.94 +0.21%

Coal: $US89.70 +1.53%

Iron ore 62pc fe: $US93.81 +0.22%

AUD/USD: $US0.6977

 

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What got you talking last week

No surprise that Kidman Resources (ASX:KDR) was piquing interest on the Stockhead Facebook chat forum last week, after that $776 million takeover offer from Wesfarmers (ASX:WES).

Member Bj Sandhu: 

“If the board hadn’t accepted the offer so quickly there would have been a fair chance that KDR would have received a counter offer from someone else. Still think $1.90 is undervalued.”

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

 

 

Last weeks’s winners

Electric motorbike maker Vmoto (ASX: VMT) signed a deal with Italian motorcycle manufacturer Ducati, sending shares up 100 per cent to 1.4c this week.

Under the agreement, Vmoto will release “2-wheel electric vehicles” bearing the Ducati brand and label, which will be “marketed as a high-end, luxury product to consumers at a premium price”.

PainChek (ASX:PCK) got $5 million in funding from the Morrison government to undertake a trial of its pain recognition app in aged care homes across the country, pushing shares up 88 per cent 6.4c.

“A national trial of world-first artificial intelligence technology promises to reduce the pain suffered by people living with dementia,” read a statement from minister for senior Australians and aged care, Ken Wyatt.

And two new contracts with the US government made for a great week for cyber crime fighter WhiteHawk (ASX:WHK), with shares up 37 per cent to 10.5c.

It picked up a subcontracting job to an unnamed government department on Wednesday and then on Friday picked up another, again unnamed, worth up to $428,000.

Here are the best performing ASX small cap stocks for Apr 29-May 3:

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

Ticker Name Market cap Price last Friday Price this Friday % change
NVO NVOI LTD $ 14,510,672 0.004 0.014 250
XPE XPED LTD $ 3,013,662 0.001 0.002 100
VMT VMOTO LTD $ 28,732,082 0.07 0.14 100
PCK PAINCHEK LTD $ 55,037,892 0.034 0.064 88
TBH BETMAKERS HOLDINGS LTD/THE $ 12,774,007 0.031 0.053 84
LSR LODESTAR MINERALS LTD $ 8,241,402 0.007 0.011 57
ARX ARC EXPLORATION LTD $ 4,923,893 0.13 0.19 50
ARO ASTRO RESOURCES NL $ 3,816,292 0.002 0.003 50
PCH PROPERTY CONNECT HOLDINGS $ 2,057,590 0.002 0.004 50
VPR VOLT POWER GROUP LTD $ 12,366,800 0.001 0.002 50
SRO SHAREROOT LTD $ 2,354,182 0.001 0.002 50
REF REVERSE CORP LTD $ 3,064,399 0.023 0.033 43
HNR HANNANS LTD $ 33,795,228 0.012 0.017 42
AER AEERIS LTD $ 6,799,063 0.086 0.12 40
OIL OPTISCAN IMAGING LTD $ 21,633,940 0.036 0.05 39
MSG MCS SERVICES LTD $ 3,375,802 0.013 0.017 38
GLL GALILEE ENERGY LTD $ 135,407,616 0.435 0.6 38
STN SATURN METALS LTD $ 13,560,000 0.175 0.24 37
WHK WHITEHAWK LTD $ 11,283,485 0.065 0.105 37
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Last week’s losers

Apollo Tourism & Leisure (ASX:ATL) was a big loser, down 30 per cent to 57.5c, after telling investors its profit for the 2019 financial year would be 27 per cent lower than it forecast when it released its half-year results back in February.

At the time, Apollo said FY19 profit could be as high as $24 million, but now it says the maximum will be $19.5 million, which is only a sliver more than the $19.2 million it made in FY18.

Research house Morgans dropped its valuation of the company by 40 per cent, down to 84c, though it retained its Add rating.

Entek Energy (ASX:ETE) dropped 36 per cent to 0.7c this week after releasing its quarterly report, showing the company had $3.1 million in the bank.

Here are the worst performing ASX small cap stocks for Apr 29-May 3:

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

Ticker Name Market cap Price last Friday Price this Friday % change
BSM BASS METALS LTD $ 22,446,996 0.011 0.008 -27
AEE AURA ENERGY LTD $ 10,864,805 0.013 0.010 -28
MMR MEC RESOURCES LTD $ 1,709,340 0.007 0.005 -29
ATL APOLLO TOURISM & LEISURE LTD $ 120,067,336 0.920 0.575 -30
LNY LANEWAY RESOURCES LTD $ 33,120,594 0.013 0.009 -31
GLA GLADIATOR RESOURCES LTD $ 1,469,334 0.002 0.001 -33
ADV ARDIDEN LTD $ 3,362,761 0.003 0.002 -33
VAR VARISCAN MINES LTD $ 1,271,074 0.002 0.001 -33
UTR ULTRACHARGE LTD $ 3,750,189 0.006 0.005 -33
GLV GLOBAL VANADIUM LTD $ 5,658,960 0.003 0.002 -33
IBN IBUYNEW GROUP LTD $ 697,392 0.048 0.027 -33
TOM TOMIZONE LTD $ 1,700,803 0.006 0.004 -33
EM1 EMERGE GAMING LTD $ 12,456,296 0.029 0.021 -34
UNL UNITED NETWORKS LTD $ 1,635,724 0.020 0.013 -35
FSG FIELD SOLUTIONS HOLDINGS LTD $ 7,740,260 0.028 0.018 -36
DME DOME GOLD MINES LTD $ 41,133,928 0.235 0.150 -36
ETE ENTEK ENERGY LTD $ 3,428,103 0.011 0.007 -36
MRD MOUNT RIDLEY MINES LTD $ 2,332,864 0.002 0.001 -50
T3D 333D LTD $ 881,226 0.002 0.001 -50
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That’s all you need to know. Move along now.

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