Rise and Shine: What you need to know before the ASX opens
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Good morning and welcome to the last ever Tuesday in a February in 2019. Make it count.
But first, here’s what you need to know right now:
Not a great deal today, just the ANZ Roy Morgan weekly consumer confidence index survey results. You’ll be able to see those here.
Just one company out of a trading halt tomorrow — sim card maker amaysim (ASX:AYS), set to announce capital raise as well as its half-year earnings. It says funds raised will go towards “the execution of strategic growth initiatives in its mobile and energy business” as well as refinancing its existing debt facilities.
The Australian Financial Review‘s Street Talk column predicted it will be a rights issue managed by Macquarie Capital.
Two companies have shares coming out of escrow today: Aeeris (ASX:AER) with 127,500 and Integral Diagnostics (ASX:IDX) with 776,720.
Gold: $US1330.52 ($1854.08) +0.02%
Silver: $US15.93 -0.09%
Oil (Brent): $US64.57 -3.81%
Oil (WTI): $US55.34 -3.30%
Coal: $US94.25 +0.86%
Iron ore 62% fe: $US87.50 -1.13%
AUD/USD: $US0.7176 +0.66%
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Plenty of chatter over on the Stockhead Small Cap and Micro Cap Chat Facebook forum, which you can get amongst here.
New member Sri Ram shared a post of what looked like a filled prescription for 50 capsules of 25mg CBD oil fetching $633.
Senior Stockhead journalist Rachel Williamson replied that most companies she had spoken to claim to be selling a month’s supply for about $300.
And in other pot-related news, AusCann (ASX:AC8) got a new CEO, one who will be paid nearly half a million dollars, more than a third higher than outgoing boss Elaine Darby received.
($420k… 4/20… there’s a joke there somewhere…)
Stock gossip forum HotCopper‘s most discussed stocks at days end were:
— HotCopper (@HotCopper) February 25, 2019
FBR (ASX:FBR) announced a successful $17 million cap raise as well as releasing a new video showing off its wall-building robot:
The biggest winner was coal miner NuCoal Resources (ASX:NCR), which rose 56 per cent to 1.4c at close.
That was due to a NSW court throwing out the conviction of a former resources minister and ordering a retrial over his role in the granting of a coal exploration licence in 2008.
Ian Macdonald had been serving a 10-year jail sentence after being found guilty of public misconduct over the granting of the Doyles Creek exploration licence in the NSW’s Hunter Valley.
The licence was granted to Doyles Creek Mining in December 2008, but the company was eventually taken over by NuCoal Resources (ASX:NCR).
The convictions were thrown out because “the court held that the trial judge had misdirected the jury as to the state of mind required to be found guilty of the offence of wilful misconduct in public office”.
Splitit (ASX:SPT) appointed the former managing director of both PayPal Australia and PayPal Japan to lead its Asia Pacific strategy, and shares closed up 17 per cent to 88c.
Andrew Pipolo also worked as the Asia Pacific director at LoopPay (now Samsung Pay) and VP of merchant acceptance Asia Pacific for MasterCard.
|ASX code||Company name||Price||% change||Market cap||Volume|
|NCR||NuCoal Resources Ltd||0.014||56%||$10,800,000||1.0M|
|CMD||Cassius Mining Ltd||0.02||54%||$5,200,000||170.6k|
|CCG||CommsChoice Group Ltd||0.099||52%||$10,800,000||335.1k|
|ARO||Astro Resources NL||0.003||50%||$3,800,000||1.1M|
|BMG||BMG Resources Ltd||0.01||43%||$4,900,000||10.1M|
|PCL||Pancontinental Oil & Gas NL||0.002||33%||$10,800,000||4.6M|
|AMG||Ausmex Mining Group Ltd||0.072||29%||$29,700,000||1.6M|
|LON||Longtable Group Ltd||0.32||28%||$39,300,000||1.4M|
|NES||Nelson Resources Ltd||0.15||25%||$7,300,000||399.6k|
|BUY||Bounty Oil & Gas NL||0.005||25%||$4,800,000||500.0k|
|PMY||Pacifico Minerals Ltd||0.005||25%||$8,200,000||250.0k|
|ALY||Alchemy Resources Ltd||0.016||23%||$7,000,000||2.3M|
|RHT||Resonance Health Ltd||0.078||22%||$30,200,000||21.7M|
|IRD||Iron Road Ltd||0.085||21%||$59,000,000||681.2k|
|EVE||EVE Investments Ltd||0.006||20%||$13,600,000||20.5M|
|GBZ||GBM Resources Ltd||0.006||20%||$6,500,000||330.3k|
|PEK||Peak Resources Ltd||0.03||20%||$24,000,000||1.5M|
|SPT||Splitit Payments Ltd||0.88||17%||$232,300,000||13.5M|
GetSwift (ASX:GSW) shares fell to a new all-time low on Monday, dropping as much as 36 per cent to 28c, after ASIC launched civil proceedings against the company and directors Bane Hunter and Joel MacDonald.
That’s a long way short of its all-time highs of $4.60.
GetSwift and Messrs Hunter and MacDonald will “vigorously defend” the proceedings.
|ASX code||Company name||Last price||% change||Market cap||Volume|
|AMT||Allegra Orthopaedics Ltd||0.1||-48%||$10,500,000||89.9k|
|VPR||Volt Power Group Ltd||0.001||-33%||$8,200,000||11.6M|
|NWE||Norwest Energy NL||0.002||-33%||$6,800,000||1.6M|
|AYM||Australia United Mining Ltd||0.002||-33%||$3,700,000||100.0k|
|ABL||Abilene Oil and Gas Ltd||0.004||-33%||$1,600,000||2.5k|
|AFR||African Energy Resources Ltd||0.012||-29%||$7,500,000||10.4k|
|SBR||Sabre Resources Ltd||0.004||-20%||$1,600,000||5.7M|
|LMG||Latrobe Magnesium Ltd||0.008||-20%||$10,400,000||1.4M|
|SVT||ServTech Global Holdings Ltd||0.0013||-19%||$2,800,000||959.9k|
|HGM||High Grade Metals Ltd||0.009||-18%||$4,100,000||1.9M|
|BOC||Bougainville Copper Ltd||0.14||-18%||$56,100,000||87.1k|
|SER||Strategic Energy Resources Ltd||0.005||-17%||$4,500,000||328.3k|
|RMX||Red Mountain Mining Ltd||0.005||-17%||$3,900,000||1.5M|
|NAE||New Age Exploration Ltd||0.005||-17%||$3,600,000||260.5k|
|DDD||3D Resources Ltd||0.0025||-17%||$2,800,000||39.5k|
|SPZ||Smart Parking Ltd||0.1||-16%||$38,600,000||2.6M|
That’s all you need to know. Hop to it!