Its been a very big few days at Peak HQ.
A positive announcement from Peak’s portfolio company ASX:MRQ.
The company finished up trading 25% higher.
To read the full announcement, click here.
Furthermore, iCandy announced a great update today.
9Games/Alibaba have completed all necessary registration documentation for regulatory approval of iCandy’s musical game, Grove Planet.
Across Markets…
This Afternoon, the Australian sharemarket ended the session lower on Thursday, led by losses from Afterpay and the gold miners.
The S&P/ASX 200 Index closed 48 points, or 0.8 per cent, lower at 5875.9, after a small rally later in the session.
Afterpay led the declines, falling 5.8 per cent to $74.14 after its chief financial officer departed.
Newcrest Mining tumbled 3.7 per cent to $30.69 and Evolution Mining slid 5.3 per cent to $5.53. BHP Group was also weaker, dipping 0.7 per cent to $36.91.
Avita Therapeutics tumbled 7.2 per cent to $6.96, Ramelius Resources dropped 6.5 per cent to $2.02 and Nufarm declined 6.5 per cent to $4.06.
Transurban firmed 1.9 per cent to $14.72, Mirvac Group closed 3.4 per cent higher at $2.14 and NAB advanced 0.4 per cent to $17.19.
Source: AFR
Paediatric supplements manufacturer Nutritional Growth Solutions will be looking to raise a minimum $6 million when it launches its initial public offering this week ahead of a planned ASX debut next month.
The Israel-based company aims to make a big impression in the global children’s nutritional supplements market which has been valued at $8.6 billion.
Nutritional Growth will offer up to 35 million shares at $0.20 each to raise up to $7 million and has a proposed listing date of the 26 October under the ticker NGS.
IPO proceeds will focus on the development of nutritional supplements for the three to 12-years of age consumer market in the US and other regions.
Approximately 90% of Nutritional Growth’s revenue is currently generated from North America through direct-to-customer (B2C) sales via online channels including its own website and third party e-commerce platforms such as Amazon.
The company is now setting its sights on expanding into China and other parts of Asia, where it will generate revenue using a network of distributors in product-relevant markets.
Source: Small Caps
Across Asia, Hong Kong’s financial markets watchdog said on Thursday that about 20% of the market manipulation schemes it is currently investigating are so-called “ramp and dump scams” conducted via social media.
The targets of such scams are local retail investors who account for roughly 10% of Hong Kong-listed shares’ trading value, according to exchange data, a relatively high proportion compared to other markets.
Many small cap stocks in Hong Kong are little traded and prone to wild price swings and sudden crashes. The Securities and Futures Commission (SFC), has, in recent years, tried to take a more active role in policing the market.
In the 12 months to end March 2020 it investigated 478 cases of market misconduct, mostly alleged market manipulation or insider dealing.
In a ramp and dump scheme, fraudsters typically purchase a significant portion of shares in a small company with low liquidity, driving up the price.
Source: Reuters
Sector: Consumer Discretionary
Year: 2019
Deal Type: Placement
Raise Amount: $2.2m
Price Change: $0.054 -1.82%
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: $0.10 -4.55%
Sector: Mining
Year: 2017
Deal Type: Seed & IPO
Raise Amount: $5m
Price Change: $0.20 +8.33%
Sector: Mining
Year: 2017
Deal Type: IPO & Placement
Raise Amount: $6m
Price Change: $0.067 +6.35%
Sector: Healthcare Equipment and Services
Year: 2016
Deal Type: IPO
Raise Amount: $8m
Price Change: $0.049 +11.36%
Sector: Materials
Year: 2016
Deal Type: IPO
Raise Amount: $9m
Price Change: $0.025 Unchanged
Sector: Biotechnology
Year: 2015, 2017, 2018
Deal Type: Placements & IPO
Raise Amount: $5m
Price Change: $2.31 -4.15%
Sector: Media an Entertainment
Year: 2016
Deal Type: Reverse Takeover
Raise Amount: $4m
Price Change: $0.032 Unchanged
Sector: mining
Year: 2018, 2019, 2020
Deal Type: Placements & Rights Offer
Raise Amount: $1.5m
Price Change: $0.010 +25.00%
Sector: Discretionary
Year: 2020
Deal Type: Placement
Raise Amount: $1.3M
Price Change: $0.0060 Unchanged
Sector: Hemp & CBD
Year: 2020
Deal Type: Pre IPO
Raise Amount: $2.5m
Price Change: CAD $0.16 -3.03%
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: $0.012 -7.69%
Sector: Mining (Gold/Silver)
Year: 2020
Deal Type: Placement
Raise Amount: $2.3m
Price Change: $0.014 -12.50%
If you would like more information on future Peak deals, please don’t hesitate to get in touch.
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