It has been a busy day at PeakHQ!
Today we met with a number of new companies face to face over lunch.
After a year of Zoom calls there’s nothing like true social interaction…
More importantly, we had a number of positive announcements from some of our portfolio companies today.
- ASX:BCC announced a partnership to sell the ZOLEO product on the Kogan.com marketplace website which attracts 11m monthly visitors. Just in time for the Xmas holidays! Click here
- ASX:ICI entered into a JV to form a New Game Studio with Leading Global Game Animation and Art Studio, Lemon Sky Studios. Click here
Across Markets…
This Afternoon, the Australian sharemarket snapped a five winning streak as miners and banks offset gains in blue chip heavyweights Telstra and Wesfarmers.
The S&P/ASX200 Index fell 31.5 points, or 0.5 per cent, to 6418.2 points after trading as high as 6470.9 points in the morning. The market tracked US futures lower in the afternoon.
The big four banks and iron ore miners weighed heavily. Commonwealth bank fell 1.8 per cent and NAB lost 2.4 per cent as bond yields tumbled. The 10-year yield fell 8 basis points to 0.9 per cent.
BHP slid 1.1 per cent despite strength in iron ore prices. Fortescue Metals shed 4.3 per cent after chairman Andrew Forrest talked up a multi-billion dollar investment in the renewable energy sector at its annual general meeting late on Wednesday.
Source: AFR
Gold and tin explorer Thomson Resources (ASX: TMZ) is joining the growing primary silver exploration sector by acquiring two historic mine projects in northern NSW, once Australia’s silver elephant country.
Silver Mines (ASX: SVL) is vending the Webbs and Conrad silver projects in return for a 19% stake in Thomson, that company saying it wants to focus on its flagship Bowdens advanced silver project.
Thomson has firm commitments for a $6 million placement at $0.062 per share.
Additionally, Silver Mines managing director Anthony McClure will join the Thomson board.
Webbs and Conrad have both seen historic, high-grade silver production and both have historic resources.
Thomson claims Webbs has some of the highest grades of any undeveloped silver project in Australia, with a former JORC 2004 resource of 1.5 million tonnes at 345 grams per tonne silver equivalent for a contained 16.5 million ounces.
Source: Small Caps
Across Asia, China stocks slipped on Thursday after data showed that the country’s new bank loans last month fell more than expected to their lowest in a year on tightened loan quotas.
The CSI300 index was down 0.1% at 4,901.91 points at the end of the morning session, while the Shanghai Composite Index dipped 0.2% to 3,335.42 points.
The tech-heavy start-up board ChiNext rose 0.6%, while the STAR50 index climbed 1.4%.
Lenders issued 689.8 billion yuan ($104.22 billion) in new yuan loans last month, data from the People’s Bank of China (PBOC) showed, down from 1.9 trillion yuan in September and well short of analysts’ expectations for 800 billion yuan.
“We think credit growth will remain strong in the near-term,” Julian Evans-Pritchard at Capital Economics said in a note.
Source: Reuters
Sector: Consumer Discretionary
Year: 2019
Deal Type: Placement
Raise Amount: $2.2m
Price Change: $0.047 +4.44%
Sector: Consumer Discretionary
Year: 2018, 2019
Deal Type: Seed, Bridging and IPO
Raise Amount: $10m
Price Change: $0.12 -3.85%
Sector: Technology
Year: 2018
Deal Type: Seed and IPO
Raise Amount: $10m
Price Change: $0.076 +2.70%
Sector: Mining
Year: 2017
Deal Type: Seed & IPO
Raise Amount: $5m
Price Change: $0.20 Unchanged
Sector: Mining
Year: 2017
Deal Type: IPO & Placement
Raise Amount: $6m
Price Change: $0.059 -1.67%
Sector: Healthcare Equipment and Services
Year: 2016
Deal Type: IPO
Raise Amount: $8m
Price Change: $0.073 +1.39%
Sector: Materials
Year: 2016
Deal Type: IPO
Raise Amount: $9m
Price Change: $0.026 +8.33%
Sector: Biotechnology
Year: 2015, 2017, 2018
Deal Type: Placements & IPO
Raise Amount: $5m
Price Change: $3.00 -2.60%
Sector: Media an Entertainment
Year: 2016
Deal Type: Reverse Takeover
Raise Amount: $4m
Price Change: $0.043 -2.27%
Sector: mining
Year: 2018, 2019, 2020
Deal Type: Placements & Rights Offer
Raise Amount: $1.5m
Price Change: $0.0090 +28.57%
Sector: Discretionary
Year: 2020
Deal Type: Placement
Raise Amount: $1.3M
Price Change: $0.0050 Unchanged
Sector: Hemp & CBD
Year: 2020
Deal Type: Pre IPO
Raise Amount: $2.5m
Sector: Psychedelic assisted Therapy
Year: 2020
Deal Type: Pre IPO
Raise Amount: $1.5m
Price Change: CAD $0.06 +20.00%
Sector: Mining
Year: 2020
Deal Type: Placement
Raise Amount: $333k
Sector: Gaming & Digital Advertising
Year: 2020
Deal Type: Placement
Raise Amount: $1.25m
Sector: Mining (Gold)
Year: 2020
Deal Type: Placement
Raise Amount: $982k
Price Change: $0.010 +11.11%
Sector: Mining (Gold/Silver)
Year: 2020
Deal Type: Placement
Raise Amount: $2.3m
Price Change: $0.014 Unchanged
If you would like more information on future Peak deals, please don’t hesitate to get in touch.
Peak accepts no responsibility for any views expressed and marketing material contained in this email except where the message specifically states otherwise and the sender is authorised to state them to be the views of Peak. Information provided in this email is general advise only and does take account your objectives, financial situation or needs. Before acting on any advice in this email, Peak recommends that you consider whether it is appropriate for your circumstances. If this email contains reference to any financial products, you should obtain the current Product Disclosure Statement (PDS) or other disclosure documents for the particular products and consider this information before making any decisions regarding the products. The Financial Services Guide (FSG) can be found at www.peakassetmanagement.com.au or by telephoning Peak on 1300 304 460
