Rise & Shine: What you need to know before the ASX opens
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But first here’s what you need to know.
It’s the final day of Diggers and Dealers. Reuben Adams has been carrying the Stockhead flag – here is his Day 3 preview.
Releasing earnings today are tech plays Reckon (ASX: RKN) and Zip (ASX: Z1P) as well as big banks CBA & Suncorp.
We’ll see the Australian Industry Group’s Performance of Construction Index at 8.30am. Then at 11.30am brace yourself for month on month home loans and investment lending.
In the US there is the Canaccord Genuity Growth Conference. Among small caps presenting are Redbubble (ASX: RBL), Piedmont Lithium (ASX: PLL), EML Payments (ASX: EML) and Bigtincan Holdings (ASX: BTH).
The following companies are expected to come out of trading halts in the next 48 hours:
MRG Metals (ASX: MRQ) – capital raise
Opthea (ASX: OPT) – clinical trial results
Winchester Energy (ASX: WEL) – capital raise
Redbank Copper (ASX: RCP) – results of company review
Sun Resources (ASX: SUR) – capital raise
Sequoia Financial Group (ASX: SEQ) – capital raise
Jatenergy (ASX: JAT) – acquisition
Ironbark Zinc (ASX: IBG) – result of case hearing with Glencore
Impression Healthcare (ASX: IHL) – supply agreement
Freedom Oil and Gas (ASX: FDM) – capital raising
Broo (ASX: BEE) – supply agreement
Rural Funds Group (ASX: RFF) – response to Bonitas’ allegations
Gold: $US1,475.72 ($2,182.95) +0.72%
Silver: $US16.45 +0.31%
Oil (Brent): $US58.66 -1.92%
Oil (WTI): $US53.54 -2.27%
Coal: $US73.20 -1.01%
Iron ore 62pc fe: $US100.34 -5.79%
AUD/USD: $US0.6759 -0.0002%
These were the five most discussed stocks among ASX investors on Tuesday August 6:
$AUZ – Australian Mines
$RFF – Rural Funds Group
$PLS – Pilbara Metals
$CXY – Cougar Energy
$CTM – Centaurus Metals
In case you missed it, here’s what made Rural Funds Group fall – a report by prominent short-sellers accused it of cooking its books. It fell in an hour before it halted until Thursday, by which Rural will respond.
We are short Rural Funds Group (#ASX: $RFF) and believe it is a Fraud. Expect $RFF #RFF to ultimately be worthless. New Fraud Report just released on our website https://t.co/c9zj9ObJr3 @ActivistShorts @FT @business @markets @WSJbusiness @ASX
— Bonitas Research (@BonitasResearch) August 6, 2019
We have a Small Cap Facebook group where you can discuss market moving events such as these. If you wish to join you can apply here.
There you have it – all you need to know.