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Rise and Shine: What you need to know before the ASX opens
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On Stockhead today, Guy Le Page on where the Germans went wrong, GS cranks up its oil price forecast, and how the Russian invasion hits lithium supplies.
But first … the day ahead.
Local shares are set to open higher today. At 8am AEDT, the ASX 200 March futures is pointing up by 0.42%.
TRADING HALTS
The following companies went into trading halts yesterday and are expected out in the next few days:
Sezzle (ASX:SZL)– takeover offer from Zip Co
Blue Star Helium (ASX:BNL) – ahead of a drilling update
Roto Gro International (ASX:RGI ) – become aware of material uncertainty in financial position
MARKETS (updated at 8am AEDT)
Gold: $US1,909.33 (+1.16%)
Silver: $US24.47 (+1.15%)
Oil (WTI): $US95.77 (+4.50%)
Oil (Brent): $US100.90 (+3.03%)
Coal: $US275.00 (+15.00%)
Aust Coking Coal (steelmaking): $445.0/t (-0.3%)
Newcastle Coal (thermal): $197/t (0.00%)
Iron 62pc Fe: $US141.76 (-0.63%)
AUD/USD: $US0.7263 (+0.51%)
Bitcoin: $US41,800 (+10.35%)
WHAT GOT YOU TALKING YESTERDAY?
Wiluna Mining (ASX:WMC) shipped its first gold concentrate.
“Wiluna Mining (ASX: $WMC) has shipped its first gold in concentrate bound for its $5 billion market cap off-take partner Polymetal International.”
View: https://t.co/LoQX3QsQsI
Article by @StockheadAU
#WMC #WilunaMining #ASX #Gold #Wiluna #Mining— Wiluna Mining (@wilunamining) February 28, 2022
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Also, be sure to check in at 10.20am each day for our daily ‘10 at 10’ column — a live summary of winners & losers at the opening bell.
YESTERDAY’S BIGGEST WINNERS
(Stocks highlighted in yellow rose after making announcements during the trading day).
Scroll or swipe to reveal table. Click headings to sort.
Code Company Price % Volume LKO Lakes Blue Energy 0.0015 50% 1,295,000 PTR Petratherm Ltd 0.045 41% 705,940 GRR Grange Resources. 0.985 34% 17,626,301 YPB YPB Group Ltd 0.002 33% 606,733 CDXDA Cardiex Limited 0.465 33% 375,759 QXR Qx Resources Limited 0.041 32% 29,314,949 MLS Metals Australia 0.054 26% 10,379,623 LSR Lodestar Minerals 0.012 20% 40,971,950 KAM K2 Asset Mgmt Hldgs 0.08 19% 1,092,472 IS3 I Synergy Group Ltd 0.26 18% 28,604 SKF Skyfii Ltd 0.085 18% 301,568 N1H N1 Holdings Ltd 0.295 18% 36,409 BEX Bikeexchange Ltd 0.08 18% 929,920 TOE Toro Energy Limited 0.02 18% 33,784,254 VBC Verbrec Limited 0.135 17% 67,997 AO1 Assetowl Limited 0.0035 17% 2,009,111 XST Xstate Resources 0.0035 17% 1,250,003 MRL Mayur Resources Ltd 0.18 16% 60,000 ARC ARC Funds Limited 0.695 16% 4,440 CVN Carnarvon Energy Ltd 0.26 16% 14,983,078 TNT Tesserent Limited 0.1725 15% 5,545,905 HMX Hammer Metals Ltd 0.077 15% 1,068,884 WHK Whitehawk Limited 0.155 15% 5,066,130 TTT Titomic Limited 0.275 15% 548,466
Monday’s Charlie Sheen winners:
All higher on no news.
Brazil’s health regulatory agency, ANVISA, has granted market authorisation for Lumos Diagnostics'(ASX:LDX)FebriDx – rapid 10-minute point-of-care test to aid in detecting and differentiating bacterial from viral acute respiratory infections. The approval means that FebriDx is now available to healthcare providers in the UK, Europe, Canada, Australia, UAE and Brazil.
Another leader on Monday is the vitamins company Biome Australia (ASX:BIO) which reported record sales for the half.
Revenue all but doubled, to $1.8m on pcp, while the operating loss for the period was $1.98m, a 40% reduction compared to the pcp. Biome says its outlook is positive, with revenue growth expected to continue, and two new product launches planned in the second half. Shares have gained 6%.
YESTERDAY’S BIGGEST LOSERS
(Stocks highlighted in yellow rose after making announcements during the trading day).
Scroll or swipe to reveal table. Click headings to sort.
| Code | Company | Price | % | Volume |
|---|---|---|---|---|
| TPC | TPC Consolidated Ltd | 2.11 | -36.1% | 42,231 |
| NVA | Nova Minerals Ltd | 0.61 | -33.0% | 7,520,466 |
| ZBT | Zebit Inc. | 0.05 | -32.4% | 138,887 |
| ANL | Amani Gold Ltd | 0.0015 | -25.0% | 10,268,629 |
| RCR | Rincon | 0.1 | -20.0% | 364,251 |
| ADY | Admiralty Resources. | 0.016 | -20.0% | 30,002 |
| GGX | Gas2Grid Limited | 0.002 | -20.0% | 10,548 |
| ATR | Astron Corp Ltd | 0.55 | -19.1% | 11,584 |
| TIG | Tigers Realm Coal | 0.013 | -18.8% | 10,185,769 |
| BRV | Big River Gold Ltd | 0.205 | -18.0% | 1,566,091 |
| SLM | Solismineralsltd | 0.19 | -17.4% | 1,457,567 |
| EX1 | Exopharm Limited | 0.29 | -17.1% | 960,800 |
| SMN | Structural Monitor. | 0.5 | -16.7% | 191,310 |
| ESH | Esports Mogul Ltd | 0.005 | -16.7% | 5,562,760 |
| VPR | Volt Power Group | 0.0025 | -16.7% | 791,957 |
| LDX | Lumos Diagnostics | 0.495 | -16.1% | 735,667 |
| ISU | Iselect Ltd | 0.235 | -16.1% | 117,398 |
| DXB | Dimerix Ltd | 0.185 | -15.9% | 4,215,574 |
| AGD | Austral Gold | 0.08 | -15.8% | 416,924 |
| EMB | Embelton Limited | 11.05 | -15.6% | 1,000 |
| IAM | Income Asset | 0.22 | -15.4% | 330,593 |
| ODE | Odessa Minerals Ltd | 0.011 | -15.4% | 1,700,078 |
| KCC | Kincora Copper | 0.14 | -15.2% | 157,755 |
| IVT | Inventis Limited | 0.085 | -15.0% | 6,795 |
| XF1 | Xref Limited | 0.51 | -15.0% | 247,779 |
Comparisons website iSelect (ASX:ISU) has acquired a 49% stake in rival CIMET for $26 million. The company announced the two-stage put and call options with CIMET, an end-to-end digital comparison platform, which wants to take energy comparison overseas and get a BNPL comparison going.
ISU will additionally acquire a 49% share in Indian company VConnex, which provides technology and other services to CIMET.
Meanwhile, the company turned first half NPAT around, making a $500k profit, compared with -$3.6m last year, while underlying EBITDA was $6.6m for H1 FY22, down from $13.2m.
