How was your day?
Tomorrow Biden will be officially sworn into office…
However, the world remains on edge after the FBI warned of violent protests across the country.
In other news…
North American cannabis investment firm Ela Capital has made its first foray into Australia, taking a nearly 9% stake in one of Peak's portfolio companies ASX:LSH Lifespot Health.
Click here to read more.
Across markets…
This Afternoon, Australian shares gained more than 1 per cent on Tuesday, more than recovering the previous session's losses, dominated by surging interest in private equity takeover target Bingo Industries.
The S&P/ASX 200 Index added 79.6 points to 6,742.6. The All Ordinaries advanced 1.15 per cent to 7,015.
Bingo on Tuesday confirmed privatisation rumours revealed by The Australian Financial Review's Street Talk column late on Monday. It is considering a conditional $3.50-a-share cash buyout proposal from a consortium led by private equity group CPE Capital.
The stock surged 20 per cent to $3.30 in response. Any offer for the waste group would have to be supported by chief executive and major shareholder Daniel Tartak, and its second-largest shareholder, Ian Malouf.
Cleanaway Waste Management rose 3.6 per cent to $2.56.
Source: AFR
Online beverage supplier Digital Wine Ventures (ASX: DW8) has posted strong results for the three-month period ending 31 December 2020, driven by a 100%-plus increase in case and volume orders by main investment vehicle WineDepot and its recent acquisition of fourth-party logistics provider Wine Delivery Australia.
The company reported that WineDepot processed a total of 24,738 orders in the December quarter and shipped 45,252 cases – representing increases of 102% and 101% respectively on the previous three month period.
In September, the business recorded 12,230 orders and shipped 22,470 cases.
WineDepot also generated total quarterly revenue of $712,498, representing an increase of 78% on the $400,277 generated in the first quarter of the 2021 financial year.
Source: Small Caps
Across Asia, Hong Kong stocks climbed to a 20-month high on Tuesday, helped by steady and robust demand from investors in mainland China for shares in the Asian financial hub.
The Hang Seng index added 3.1%, to 29,746.17 points, highest since May 3, 2019, while the Hong Kong China Enterprises Index gained 2.9%, to 11,796.28.
Leading the gains, the Hang Seng tech index jumped 4% to a fresh high, while the Hang Seng financials index rose 2.9%.
“It’s mainly because of the liquidity foam. The outperforming stocks are benefiting from southbound flows,” said Steven Leung, a Hong Kong-based executive director at UOB Kay Hian.
He said the AH premium also makes Hong Kong equities attractive to mainland investors.
Source: Reuters
Sector: Consumer Discretionary
Year: 2019
Deal Type: Placement
Raise Amount: $2.2m
Price Change: $0.046 +2.22%
Sector: Satellite Communication
Year: 2020
Deal Type: Placement
Raise Amount: $5m
Price Change: $0.32 Unchanged
Sector: Vertical Farming
Year: 2020
Deal Type: Placement
Raise Amount: $1.53m
Price Change: $0.064 -7.25%
Sector: Consumer Discretionary
Year: 2018, 2019
Deal Type: Seed, Bridging and IPO
Raise Amount: $10m
Price Change: $0.16 +10.34%
Sector: Technology
Year: 2018
Deal Type: Seed and IPO
Raise Amount: $10m
Price Change: $0.064 -8.57%
Sector: Mining
Year: 2017
Deal Type: Seed & IPO
Raise Amount: $5m
Price Change: $0.20 -2.38%
Sector: Mining
Year: 2017
Deal Type: IPO & Placement
Raise Amount: $6m
Price Change: $0.052 +4.00%
Sector: Healthcare Equipment and Services
Year: 2016
Deal Type: IPO
Raise Amount: $8m
Price Change: $0.12 +14.29%
Sector: Materials
Year: 2016
Deal Type: IPO
Raise Amount: $9m
Price Change: $0.033 -2.94%
Sector: Biotechnology
Year: 2015, 2017, 2018
Deal Type: Placements & IPO
Raise Amount: $5m
Price Change: $2.41 -1.63%
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: $0.012 +20.00%
Sector: Discretionary
Year: 2020
Deal Type: Placement
Raise Amount: $1.3M
Price Change: $0.071 +4.41%
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 $0.13 +4.00%
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: $0.008 -20.00%
Sector: Mining (Gold/Silver)
Year: 2020
Deal Type: Placement
Raise Amount: $2.3m
Price Change: $0.012 -7.69%
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
