For those of us who participated in the ASX:BCC placement…
Your shares should hit your accounts tomorrow afternoon.
Across Markets…
This Afternoon, the Australian sharemarket finished higher after Reserve Bank of Australia governor Philip Lowe signalled more easing may be coming through the purchase of longer dated bonds.
The S&P/ASX200 Index rose 31.1 points, or 0.5 per cent, to 6210.3 points as Dr Lowe kept the door open to more monetary stimulus.
The need for more support for the economy was underscored by a rise in the jobless rate in September to 6.9 per cent from 6.8 per cent in August.
Banks and miners paced the rally. BHP was the biggest contributor to the index with a 2.1 per cent rise even after acknowledging some of its Chinese customers have asked the miner for relief from coal purchase contracts in the wake of Beijing’s move to crack down on foreign coal imports.
Rio Tinto added 1 per cent and Fortescue Metals Group gained 1.4 per cent.
Whitehaven Coal soared 11.6 per cent after it lowered the top end of its cost guidance as it says total managed coal sales increased 13 per cent year-on-year to 6 million tonnes in the September quarter.
The prospect of more support for the economy helped lift the banks. Commonwealth Bank added 0.9 per cent and Westpac gained 0.4 per cent.
Source: AFR
Wide Open Agriculture (ASX: WOA) will soon be delivering Western Australia’s first regenerative oat milk, with an exclusive launch planned for later this month followed by a state-wide launch through WA in November.
In a statement to the market this morning, Wide Open Agriculture said it had successfully finalised its oat milk recipe and positive market testing with leading baristas, retailers and distributors, and added that its European manufacturer had finalised packaging decisions and completed production planning for the first commercial batch of its OatUp oat milk.
The first production run of the new product has been airfreighted to WA for an exclusive launch later this month.
A “state-wide launch” is anticipated for November with the arrival of the bulk sea freight consignment, coinciding with the Christmas holiday period, which traditionally sees higher food and beverage sales.
Source: Small Caps
Across Asia, Big Hit Entertainment 352820.KS, the management label of South Korean superstar K-pop group BTS, hit the stock market with a 9.6 trillion won (£6.4 billion) valuation on Thursday before worries over its narrow revenue stream pulled shares below the debut price.
Big Hit, which relies heavily on the boy band for revenue, opened at 270,000 won – double its initial public offering (IPO) price – and surged by as much as 30% in early trade before dropping back to just under the list price.
Interest in South Korea’s third largest IPO of the year was high, with almost half of Big Hit’s 10 million tradable shares changing hands on Thursday morning amid a weaker wider market .KS11, according to the Korea Exchange website.
Analysts say the company has proved itself online savvy, using Youtube and social media for market infiltration since in-person performances were cancelled because of the coronavirus pandemic.
But there are some concerns about Big Hit’s reliance on its star artists. The Billboard Chart-topping BTS, which has a huge global following, accounted for 87.7% of the label’s revenue in the first half of 2020, according to a regulatory filing.
Source: Reuters
Sector: Consumer Discretionary
Year: 2019
Deal Type: Placement
Raise Amount: $2.2m
Price Change: $0.060 -1.64%
Sector: Consumer Discretionary
Year: 2018, 2019
Deal Type: Seed, Bridging and IPO
Raise Amount: $10m
Price Change: $0.18 -2.78%
Sector: Technology
Year: 2018
Deal Type: Seed and IPO
Raise Amount: $10m
Price Change: $0.12 +4.55%
Sector: Mining
Year: 2017
Deal Type: Seed & IPO
Raise Amount: $5m
Price Change: $0.18 -5.26%
Sector: Mining
Year: 2017
Deal Type: IPO & Placement
Raise Amount: $6m
Price Change: $0.068 -8.11%
Sector: Healthcare Equipment and Services
Year: 2016
Deal Type: IPO
Raise Amount: $8m
Price Change: $0.061 -10.29%
Sector: Materials
Year: 2016
Deal Type: IPO
Raise Amount: $9m
Price Change: $0.021 -12.50%
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: $0.034 Unchanged
Sector: mining
Year: 2018, 2019, 2020
Deal Type: Placements & Rights Offer
Raise Amount: $1.5m
Price Change: $0.010 Unchanged
Sector: Discretionary
Year: 2020
Deal Type: Placement
Raise Amount: $1.3M
Price Change: $0.0070 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 $0.055 Unchanged
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 Unchanged
Sector: Mining (Gold/Silver)
Year: 2020
Deal Type: Placement
Raise Amount: $2.3m
Price Change: $0.015 Unchanged
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