How was your day?
For those of us who bid into the recent ASX:SBR placement with listed options, you would have received your allocation email by now.
In other news…
There has been some excitement surrounding Peak’s portfolio holding ASX:FFG after the company announced to the market they will launch a corporate BNPL for Southeast Asia via SmartFunding.
See below for the full article.
Across markets…
This Afternoon, the Australian sharemarket rose for a third straight session on Wednesday, coming within one point of wiping its year-to-date losses following a firm session on Wall Street.
The S&P/ASX 200 Index climbed 39.2 points, or 0.6 per cent, to 6683.3, as the Dow Jones Industrial Average rose above 30,000 points for the first time and the S&P 500 hit a record high.
The surge in risk assets was driven by optimism over a smooth transition towards a Biden presidency and hopes the multiple vaccine candidates will accelerate the global economic recovery.
“While success is unlikely to occur in a straight line, the vaccine is a much needed light at the end of the pandemic tunnel,” said Bruce Apted, State Street Global Advisors’ head of portfolio management for Australia.
“We have seen a significant jump in some of the most beaten up stocks within the market.
Source: AFR
Technology venture firm Fatfish Group (ASX: FFG) is launching a buy now, pay later (BNPL) business for corporates across South East Asia via its investee company, Smartfunding.
In addition, Fatfish is upping its stake in Smartfunding by entering a binding term sheet to acquire a direct 19.9% shareholding. The firm’s subsidiary Abelco Investment Group already holds a 58.8% stake in Smartfunding.
Fatfish will also provide marketing and technical assistance to Smartfunding to launch the BNPL financing platform, which will initially launch in Singapore before being rolled out across South East Asia.
Singapore-incorporated Smartfunding is an existing investee company of Fatfish’s Sweden-listed subsidiary Abelco Investment Group, which in turn holds its 58.8% stake via its subsidiary, Fintech Asia Group.
Smartfunding is licensed by Singapore’s central bank, the Monetary Authority of Singapore (MAS), to conduct securities transactions.
The business’ current operations include a peer-to-peer online lending platform providing short to mid-term working capital loans to small to medium enterprises (SMEs) in Singapore and other international markets.
Source: Small Caps
Across Asia, China stocks slipped on Wednesday as electric vehicle shares fell on news of a government investigation into the sector, offsetting gains in energy firms.
At the midday break, the Shanghai Composite index was down 0.22% at 3,395.33 points.
China’s blue-chip CSI300 index was down 0.27%, with its new energy vehicle sector sub-index down 1.45%, the consumer staples sector down 1.59% and the healthcare sub-index down 1.39%.
The real estate index rose 0.79%, while the financial sector sub-index gained 0.82%.
The smaller Shenzhen index was down 0.78%, the start-up board ChiNext Composite index was weaker by 1.21% and Shanghai’s tech-focused STAR50 index was down 1.03%.
Source: Reuters
Sector: Consumer Discretionary
Year: 2019
Deal Type: Placement
Raise Amount: $2.2m
Price Change: $0.048 +4.35%
Sector: Consumer Discretionary
Year: 2018, 2019
Deal Type: Seed, Bridging and IPO
Raise Amount: $10m
Price Change: $0.12 Unchanged
Sector: Technology
Year: 2018
Deal Type: Seed and IPO
Raise Amount: $10m
Price Change: $0.085 +1.19%
Sector: Mining
Year: 2017
Deal Type: Seed & IPO
Raise Amount: $5m
Price Change: $0.17 Unchanged
Sector: Mining
Year: 2017
Deal Type: IPO & Placement
Raise Amount: $6m
Price Change: $0.053 -1.85%
Sector: Healthcare Equipment and Services
Year: 2016
Deal Type: IPO
Raise Amount: $8m
Price Change: $0.085 -10.53%
Sector: Materials
Year: 2016
Deal Type: IPO
Raise Amount: $9m
Price Change: $0.031 +3.33%
Sector: Biotechnology
Year: 2015, 2017, 2018
Deal Type: Placements & IPO
Raise Amount: $5m
Price Change: $2.91 -3.00%
Sector: Media an Entertainment
Year: 2016
Deal Type: Reverse Takeover
Raise Amount: $4m
Price Change: $0.041 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: $0.0050 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 $0.05 +11.11%
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 +9.09%
Sector: Mining (Gold/Silver)
Year: 2020
Deal Type: Placement
Raise Amount: $2.3m
Price Change: $0.014 -6.67%
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