Happy Friday..
Cracking way to wrap up the week with another deal in ASX:CDT!
For those who participated, allocations will hit your accounts early next week.
In other news…
Put your hands up if you are a golfer?
With courses booked out across the state, many of our “Peakian” clients have been making calls from the golf course with restrictions easing.
Rumour has it “form” has not been great.
Enjoy your weekend!
Across Markets…
Australian shares fell this week as markets grappled with the prospect of central bank tapering and the risks posed by lingering inflation and rising bond yields.
The S&P/ASX 200 dropped 2.1 per cent this week after plunging 2 per cent, or 146.7 points, to 7185.5 on Friday.
“The risk of a more severe correction … remains high – particularly with seasonal weakness for sharemarkets running into mid-October in the US and into November in Australia,” said AMP Capital’s chief economist, Shane Oliver.
Heavy falls posted by the major banks on Friday dragged on the market; Commonwealth Bank tumbled 4.1 per cent to $100.08, National Australia Bank dropped 2 per cent to $27.27, ANZ fell 2.5 per cent to $27.44 and Westpac declined 2.3 per cent to $25.41.
Source: AFR
BPH Energy’s (ASX: BPH) investee Cortical Dynamics has filed a submission with the United States Food and Drug Administration to have its brain anaesthesia response monitor (BARM) listed as an approved medical device.
The FDA submission follows approvals for BARM with other regulatory bodies including the European Union CE mark, Australia’s Therapeutic Goods Administration and Korea’s Ministry for Food and Drugs Safety.
BPH holds a 16.7% interest in Cortical, which is an Australian based medical device technology company.
Source: Small Caps
Asian equities followed Wall Street sharply lower and bonds rallied on Friday as risk sentiment soured amid growing worries that inflation may persist even after global growth has peaked.
Japan’s Nikkei (.N225) tumbled 1.86%, while the broader Topix (.TOPX) slid 1.95%.
Australian stocks (.AXJO) slumped 2.05% and South Korea’s Kospi (.KS11) lost 1.51%.
An MSCI index of Asia-Pacific stocks (.MIAP00000PUS) dropped 1.07%. Chinese markets are closed for a week from Friday for the Golden Week holiday.
“You can argue whether it’s really stagflation or not, but the whole growth-inflation backdrop seems to have just tilted to a less favorable one,” said Rob Carnell, Asia-Pacific head of research at ING in Singapore.
“Whether or not this is actually going to get imbedded and create problems for years to come, we don’t need to know right now – it’s sufficiently scary that what we’re seeing in markets is justified.”
Source: Reuters
Sector: Consumer Discretionary
Deal Type: Placement
Raise Amount: $2.2m
Latest Entry Price: $0.006 with a 1:4 DW8O
Today’s Price Change: $0.064 +1.59%
Company: Askari Metals Ltd (ASX:AS2)
Sector: Mining
Deal Type: IPO
Raise Amount: $5.7m
Latest Entry Price: $0.20 with a 1:4 loyalty option
Today’s Price Change: $0.22 +4.76%
Sector: Energy
Deal Type: Placement
Raise Amount: $933K
Latest Entry Price: $0.03 with a 1:1 Option
Today’s Price Change: $0.039 Unchanged
Company: Volt Resources Ltd. (ASX:VRC)
Sector: Battery Metals
Deal Type: Placement
Raise Amount: $5.75M
Latest Entry Price: $0.025
Today’s Price Change: $0.032 -5.88%
Company: Metgasco Ltd. (ASX:MEL)
Sector: Energy
Deal Type: Underwritten Rights Offer
Raise Amount: $4.58M
Latest Entry Price: $0.025 with 1:3 listed option
Today’s Price Change: $0.025 Unchanged
Company: iCandy (ASX:ICI)
Sector: Gaming & Digital Advertising
Deal Type: Placement
Raise Amount: $1.25m
Latest Entry Price: $0.02 with a 1:1 ICIOB
Today’s Price Change: $0.097 +10.23%
Sector: Fintech
Deal Type: Placement
Raise Amount: $1.5m
Latest Entry Price: $0.015 with a 1:2 FFGOA
Today’s Price Change: $0.055 +1.85%
Sector: Biopharma
Deal Type: IPO Cornerstone
Raise Amount: $1m+
Latest Entry Price: $0.35
Today’s Price Change: $2.16 -1.82%
Sector: Satellite Communication
Deal Type: Placement
Raise Amount: $5m
Latest Entry Price: $0.25 with a 1:3 Option
Today’s Price Change: $0.28 +3.77%
Company: Nanollose Limited (ASX:NC6)
Sector: Biomaterials
Deal Type: Placement
Raise Amount: $2.85M
Latest Entry Price: $0.10 with a 1:2 NC6OA
Today’s Price Change: $0.088 -1.12%
Company: ReNu Energy Limited (ASX:RNE)
Sector: Energy
Deal Type: Placement
Raise Amount: $1.46M
Latest Entry Price: $0.055 with a 1:2 Option
Today’s Price Change: $0.046 -4.17%
Company: Cipherpoint Limited (ASX:CPT)
Sector: Cybersecurity
Deal Type: Placement
Raise Amount: $2.9M
Latest Entry Price: $0.027 with a 1:2 CPTOC
Today’s Price Change: $0.030 -3.23%
Company: Impact Minerals Limited (ASX:IPT)
Sector: Mining
Deal Type: Placement
Raise Amount: $4M
Latest Entry Price: $0.0165
Today’s Price Change: $0.015 Unchanged
Sector: Vertical Farming
Deal Type: Placement
Raise Amount: $1.53m
Latest Entry Price: $0.05 with a 2:3 RGIOA
Today’s Price Change: $0.029 Unchanged
Sector: Consumer Discretionary
Deal Type: Seed, Bridging and IPO
Raise Amount: $10m
Latest Entry Price: $0.08 with a 1:1 CLBO
Sector: Hemp & CBD
Deal Type: Pre IPO
Raise Amount: $2.5m
Latest Entry Price: $0.20
Today’s Price Change: CAD $0.11 -4.35%
Sector: Psychedelic assisted Therapy
Deal Type: Pre IPO
Raise Amount: $1.5m
Latest Entry Price: $0.08 with a 1:2 Option
Today’s Price Change: CAD $0.065 Unchanged
Sector: mining
Deal Type: Placements & Rights Offer
Raise Amount: $1.5m
Latest Entry Price: $0.013 with a 1:1 MRQOC
Today’s Price Change: $0.010 Unchanged
Company: Golden Mile Resources (ASX:G88)
Sector: Mining
Deal Type: IPO & Placement
Raise Amount: $6m
Latest Entry Price: $0.05
Today’s Price Change: $0.047 -2.08%
Sector: CBD
Raise Amount: $5M
Latest Entry Price: $0.022 with a 1:2 AVEO
Today’s Price Change: $0.018 -10.00%
Sector: Industrials
Deal Type: Placement
Raise Amount: $750k
Latest Entry Price: $0.015
Today’s Price Change: $0.013 +7.14%
Company: 8Common Ltd (ASX:8CO)
Sector: Information Technology
Deal Type: Placement
Raise Amount: $800k
Latest Entry Price: $0.03 with a 1:1 Option
Today’s Price Change: $0.17 +3.03%
Sector: Mining (Gold)
Deal Type: Placement
Raise Amount: $982k
Latest Entry Price: $0.0115 with a 1:1 SBRO
Today’s Price Change: $0.005 -16.67%
Sector: Mining (Gold/Silver)
Deal Type: Placement
Raise Amount: $2.3m
Latest Entry Price: $0.014 with a 1:1 GEDO
Today’s Price Change: $0.010 -9.09%
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
