Happy Hump Day!
We have a little spring in our step this afternoon!
Make sure you keep an eye out for Peak’s new deal in the Telco space tomorrow morning.
It’s going to be a busy few days at PeakH@!
Across Markets…
This Afternoon, the ASX closed with sharp gains on Wednesday, as investors gave the government’s big spending budget a thumbs up.
The S&P/ASX 200 index climbed 74 points, or 1.3 per cent, to 6036, closing over the 6000 level for the first time in almost a month.
Helping the advance were Commonwealth Bank, up 2.2 per cent, CSL, up 1.7 per cent, Westpac, up 2.6 per cent, Wesfarmers, up 2.5 per cent, Macquarie, up 2.9 per cent and ANZ, up 2.4 per cent.
Miners lagged, however, with BHP down 1.1 per cent and Newcrest Mining down 2.1 per cent and Mesoblast fell 1.5 per cent.
Source: AFR
Investors have backed Wide Open Agriculture (ASX: WOA) in its growth plans with the company revealing a $7 million placement and a $1.5 million share purchase plan.
Wide Open has received binding commitments from sophisticated and institutional investors, which will scoop up 7.7 million shares at $0.90 each.
Existing shareholders will have an opportunity to participate in a $1.5 million share purchase plan at the same issue price.
The $0.90 issue price represents an almost 16% discount to Wide Open Agriculture’s closing share price on Thursday 1 October of $1.07.
Wide Open managing director Ben Cole said the company was “delighted” with the outcome of the placement and the support from new and existing shareholders with bids received in excess of what was offered.
“It demonstrates the belief the company is positioned to grow alongside the rapidly expanding base of conscious food consumers and regenerative farmers.”
Source: Small Caps
Across Asia, Hong Kong shares edged higher on Wednesday, shrugging off a weaker finish in Wall Street after U.S. President Donald Trump halted stimulus negotiations with lawmakers, with investors focusing on the upcoming IPO of China’s Ant Group.
Ant Group, backed by Alibaba Group, is likely to be the world largest IPO and is set to raise up to $35 billion in a dual listing in Hong Kong and Shanghai likely this month.
China-led IPOs accounted for 44% of IPOs in the world for the first three quarters with $57.4 billion worth of deals, more than double the amount for the same time last year.
By midday, the Hang Seng index was up 111.32 points, or 0.46%, at 24,091.97, on track for a fourth consecutive session of gains.
China’s H-shares index gained 0.33% to 9,568.40.
The sub-index of Hang Seng tracking IT sector rose 1.33%, Hang Seng Tech Index climbed 1.3%, and the property edged up 0.87%. The energy index gained 0.48% and the financial sector edged up 0.2%.
Source: Reuters
Sector: Consumer Discretionary
Year: 2019
Deal Type: Placement
Raise Amount: $2.2m
Price Change: $0.056 +3.70%
Sector: Consumer Discretionary
Year: 2018, 2019
Deal Type: Seed, Bridging and IPO
Raise Amount: $10m
Price Change: $0.16 Unchanged
Sector: Technology
Year: 2018
Deal Type: Seed and IPO
Raise Amount: $10m
Price Change: $0.12 -3.85%
Sector: Mining
Year: 2017
Deal Type: Seed & IPO
Raise Amount: $5m
Price Change: $0.20 +14.71%
Sector: Mining
Year: 2017
Deal Type: IPO & Placement
Raise Amount: $6m
Price Change: $0.059 -3.28%
Sector: Healthcare Equipment and Services
Year: 2016
Deal Type: IPO
Raise Amount: $8m
Price Change: $0.051 -5.56%
Sector: Materials
Year: 2016
Deal Type: IPO
Raise Amount: $9m
Price Change: $0.025 -10.71%
Sector: Biotechnology
Year: 2015, 2017, 2018
Deal Type: Placements & IPO
Raise Amount: $5m
Price Change: $2.87 -1.03%
Sector: Media an Entertainment
Year: 2016
Deal Type: Reverse Takeover
Raise Amount: $4m
Price Change: $0.031 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: $0.0070 -12.50%
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 Unchanged
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 Unchanged
Sector: Mining (Gold/Silver)
Year: 2020
Deal Type: Placement
Raise Amount: $2.3m
Price Change: $0.014 -6.67%
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
