Happy Friday!
As we draw closer to the end of the year, the Peak team are working hard to bring you a number of new opportunities before Christmas.
It was great to catch up last night and reflect on the crazy year it has been (see pic below).
However, we are not done just yet!
Enjoy your weekend!
Across Markets…
This Afternoon, the Australian sharemarket enjoyed its best week in a month after the RBA unveiled a $100 billion bond buying program and a close US election allayed fears of corporate tax hikes.
The S&P/ASX200 Index climbed 50.6 points, or 0.8 per cent, to 6190.2 points on Friday, steering the benchmark to a gain of 4.4 per cent for the week.
Banks and miners paced the market's advance. Commonwealth Bank added 0.2 per cent on Friday, while BHP gained 1.3 per cent.
Stocks enjoyed a solid session of trading on Friday after Wall Street notched up a fourth straight day of gains as Joe Biden appeared to inch closer to securing the White House.
Tabcorp surged 15.8 per cent on media reports that private equity were running the numbers on the gaming and wagering giant. The company said it was 'not aware' of any proposal and had not received any proposal.
Source: AFR
Agricultural waste technology company Papyrus Australia (ASX: PPY) has re-confirmed its presence in Egypt where it is offering revenue opportunities for banana producers in the region using their waste.
Through joint venture entity Papyrus Egypt, the company has established operations in Sohag.
Papyrus Egypt developed a new facility based on Papyrus Australia’s proprietary technology to create fibre based products from waste banana tree trunks with the aim of demonstrating this could be done in a commercially viable manner.
“Papyrus Australia can now report that its manufacturing operations in Egypt, through Papyrus Egypt, are now profitable, and that the prospect of licencing its technology has been very much enhanced because of that profitability, and that such licensing is likely to be significantly more profitable for Papyrus Australia that simply the manufacturing undertaking,” Papyrus Australia stated.
Source: Small Caps
Across Asia, China stocks fell on Friday after sharp losses in the healthcare and consumer sectors, but headed for weekly gains as growing prospects of a Joe Biden presidency in the United States raised hopes of decreased tensions between Washington and Beijing.
The CSI300 index fell 0.7% to 4,852.95 points at the end of the morning session, while the Shanghai Composite Index lost 0.7% to 3,296.45 points.
Dragging down the market, the CSI300 healthcare index and the CSI300 consumer staples index fell 3.9% and 1.9% by midday, respectively.
For the week, the CSI300 index gained 3.4%, its best weekly rise since July 31, while SSEC was up 2.2%.
While analysts expect little change in U.S. policy toward China whatever the outcome, a Biden administration is expected to bring a more nuanced, multilateral approach to trade.
Source: Reuters
Sector: Consumer Discretionary
Year: 2019
Deal Type: Placement
Raise Amount: $2.2m
Price Change: $0.046 +4.55%
Sector: Consumer Discretionary
Year: 2018, 2019
Deal Type: Seed, Bridging and IPO
Raise Amount: $10m
Price Change: $0.14 -3.57%
Sector: Technology
Year: 2018
Deal Type: Seed and IPO
Raise Amount: $10m
Price Change: $0.096 +1.05%
Sector: Mining
Year: 2017
Deal Type: Seed & IPO
Raise Amount: $5m
Price Change: $0.19 +11.76%
Sector: Mining
Year: 2017
Deal Type: IPO & Placement
Raise Amount: $6m
Price Change: $0.060 +3.45%
Sector: Healthcare Equipment and Services
Year: 2016
Deal Type: IPO
Raise Amount: $8m
Price Change: $0.068 +7.94%
Sector: Materials
Year: 2016
Deal Type: IPO
Raise Amount: $9m
Price Change: $0.017 +6.25%
Sector: Biotechnology
Year: 2015, 2017, 2018
Deal Type: Placements & IPO
Raise Amount: $5m
Price Change: $3.00 +2.04%
Sector: Media an Entertainment
Year: 2016
Deal Type: Reverse Takeover
Raise Amount: $4m
Price Change: $0.043 +4.88%
Sector: mining
Year: 2018, 2019, 2020
Deal Type: Placements & Rights Offer
Raise Amount: $1.5m
Price Change: $0.0080 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 $0.06 +20.00%
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: $0.010 +11.11%
Sector: Mining (Gold/Silver)
Year: 2020
Deal Type: Placement
Raise Amount: $2.3m
Price Change: $0.015 +7.14%
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
