A positive announcement for Peak's portfolio company ASX:GED today.
The company announced to the market three new copper anomalies identified at surface on newly granted tenements near Kombat Mine, Namibia.
Across markets…
This Afternoon, the Australian sharemarket enjoyed its best day in three weeks and closed at its highest level since late February on strength in iron ore miners and big banks, but travel stocks succumbed to concerns about a COVID cluster in Sydney.
The S&P/ASX 200 Index closed up 77.5 points, or 1.2 per cent, at 6756.7 points – the highest close since February 25. The benchmark is up 1.1 per cent for the year.
The market rally is being supported by growing hopes for US stimulus, while the fall in Australia’s November jobless rate to 6.8 per cent underscored the recovery in the domestic economy.
Iron ore miners were supported a modest rise in the iron ore price to $US156 a tonne. BHP added 1.8 per cent, while Fortescue Metals Group gained 2 per cent.
Source: AFR
PlaySide Studios (ASX: PLY) is the latest IPO to hit the ASX before the end of the year with plans to become the exchange’s largest non-gambling gaming stock as billions continue to cascade into the global market.
The company raised $15 million via the issue of 75 million shares at $0.20 each, giving investors a chance to secure a slice of the company and its plans to be part of the global gaming market which is forecast to reach US$200 billion by 2023.
PlaySide’s ASX debut this morning saw its shares surge more than a 100% on the IPO price to reach an intraday high of $0.405 before settling around $0.325 by early afternoon – still up over 62%.
Source: Small Caps
Across Asia, Healthcare and financial shares pushed China’s blue-chip index higher on Thursday on continued investor optimism over swift recovery in the world’s second-largest economy.
At the midday break, the Shanghai Composite index was up 0.63% at 3,388.24 points. China’s blue-chip CSI300 index was up 0.92%, with its financial sector sub-index higher by 0.72%, the consumer staples sector up 1.37%.
The healthcare sub-index climbed 3.68%, powered by 9.55% jump in shares of Jiangsu Hengrui Medicine Co Ltd.
Stock Connect data showed Hengrui was the second-most traded A-share through the Northbound leg of Stock Connect on Wednesday after the company announced promising results for a cancer drug.
Index gains mirrored strength across the broader markets as investors welcomed the U.S. Federal Reserve’s pledge keep funneling cash into financial markets until the U.S. economic recovery is secure.
Source: Reuters
Sector: Consumer Discretionary
Year: 2019
Deal Type: Placement
Raise Amount: $2.2m
Price Change: $0.045 -4.26%
Sector: Satellite Communication
Year: 2020
Deal Type: Placement
Raise Amount: $5m
Price Change: $0.31 +1.64%
Sector: Vertical Farming
Year: 2020
Deal Type: Placement
Raise Amount: $1.53m
Price Change: $0.066 -4.35%
Sector: Consumer Discretionary
Year: 2018, 2019
Deal Type: Seed, Bridging and IPO
Raise Amount: $10m
Price Change: $0.14 Unchanged
Sector: Technology
Year: 2018
Deal Type: Seed and IPO
Raise Amount: $10m
Price Change: $0.069 +6.15%
Sector: Mining
Year: 2017
Deal Type: Seed & IPO
Raise Amount: $5m
Price Change: $0.21 Unchanged
Sector: Mining
Year: 2017
Deal Type: IPO & Placement
Raise Amount: $6m
Price Change: $0.050 Unchanged
Sector: Healthcare Equipment and Services
Year: 2016
Deal Type: IPO
Raise Amount: $8m
Price Change: $0.075 -3.85%
Sector: Materials
Year: 2016
Deal Type: IPO
Raise Amount: $9m
Price Change: $0.024 -4.00%
Sector: Biotechnology
Year: 2015, 2017, 2018
Deal Type: Placements & IPO
Raise Amount: $5m
Price Change: $2.55 +0.39%
Sector: Media an Entertainment
Year: 2016
Deal Type: Reverse Takeover
Raise Amount: $4m
Price Change: $0.037 Unchanged
Sector: mining
Year: 2018, 2019, 2020
Deal Type: Placements & Rights Offer
Raise Amount: $1.5m
Price Change: $0.009 -10.00%
Sector: Discretionary
Year: 2020
Deal Type: Placement
Raise Amount: $1.3M
Price Change: $0.068 -2.86%
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 $0.165 -2.94%
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: $0.009 Unchanged
Sector: Mining (Gold/Silver)
Year: 2020
Deal Type: Placement
Raise Amount: $2.3m
Price Change: $0.012 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
