Happy Friday!
A positive announcement by Peak's portfolio company ASX:BCC today.
Beam will now partner with Wesfarmers Group Catch.com.au to sell ZOLEO via the Catch Marketplace.
This is the second leading Australian online retailer to sell ZOLEO this month following Beam's partnership with Kogan.com Ltd.
Across markets…
This Afternoon, the Australian sharemarket rose for a fourth consecutive week despite banks and miners leading the index lower on Friday.
The S&P/ASX200 Index fell 35.3 points, or 0.5 per cent, to 6601.1 points on Friday. The index rose 1 per cent for the week, with local stocks on their longest winning streak since June.
The rally is being driven by the combination of fiscal and monetary stimulus and hopes for progress on a vaccine.
Blue chips paced the decline on Friday, with Commnwealth Bank down 0.5 per cent and BHP losing 1.3 per cent. Wesfarmers gained 0.1 per cent and CSL fell 1.3 per cent.
Treasury Wine Estates was a big loser as China looks set to raise tariffs after it found Australian winemakers had dumped product in the country. TWE shares 11.3 per cent before being halted.
Source: AFR
Institutional and sophisticated investors along with existing shareholders have injected a fresh $10 million into Davenport Resources (ASX: DAV), with the company claiming the “ambitious” raising places it “in its strongest financial position to date”.
Directors and new investors also contributed to the raising.
Davenport says its balance sheet has been strengthened to enable the company to advance its German potash projects with their combined 5.3 billion tonnes of resources — the largest in Western Europe — including confirmatory drilling at the Ohmgebirge project.
Drilling will allow an upgrade at Ohmgebirge from inferred resources to measured and indicated.
A definitive feasibility study of the project’s economics will follow.
Ohmgebirge at present contains a resource of 325 million tonnes at 13.14% potassium oxide (K2O) for a contained 43Mt.
Source: Small Caps
Across Asia, China’s blue-chip stocks rose on Friday, helped by upbeat industrial profits that pointed to a continued recovery in the world’s second largest economy amid the coronavirus outbreak.
The CSI300 index rose 0.1% to 4,924.15 points at the end of the morning session, while the Shanghai Composite Index fell 0.1% to 3,368.12 points.
Profits at Chinese industrial firms rose 28.2% year-on-year in October to 642.91 billion yuan ($97.79 billion), official data showed on Friday, pointing to a steady recovery in the manufacturing sector after it was hit by the COVID-19 pandemic.
For 2021, China’s real GDP growth is forecast to grow by 8.2% y/y, Wendy Liu, head of China Strategy at UBS Global Research, wrote in a report.
UBS has set a target of 5,450 and 6,300 at end-2021 and end-2022, respectively, for the blue-chip CSI300 index, adding mainland households could raise exposure to onshore equities in the next two year.
Source: Reuters
Sector: Consumer Discretionary
Year: 2019
Deal Type: Placement
Raise Amount: $2.2m
Price Change: $0.046 Unchanged
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: $0.082 -6.28%
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 Unchanged
Sector: Materials
Year: 2016
Deal Type: IPO
Raise Amount: $9m
Price Change: $0.026 -7.14%
Sector: Biotechnology
Year: 2015, 2017, 2018
Deal Type: Placements & IPO
Raise Amount: $5m
Price Change: $3.00 +3.09%
Sector: Media an Entertainment
Year: 2016
Deal Type: Reverse Takeover
Raise Amount: $4m
Price Change: $0.036 -2.70%
Sector: mining
Year: 2018, 2019, 2020
Deal Type: Placements & Rights Offer
Raise Amount: $1.5m
Price Change: $0.011 +10.00%
Sector: Discretionary
Year: 2020
Deal Type: Placement
Raise Amount: $1.3M
Price Change: $0.0050 +25.00%
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 $0.065 -7.14%
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: $0.015 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
