How was your week?
It’s undoubtedly been a tough one on the boards, but it’s 36 degree in Melbourne tomorrow, so we’re trying to look on the bright side!
On another note…
PEAK’s Niv Dagan and Jane Morgan Management are hosting a Nuclear Energy Forum Webinar on 30th March.
You can listen to key Uranium industry experts to discuss how nuclear energy will support a cleaner future.
See pic below for more.
If you’d like to register, please email us at info@peakassetmanagement.com.au
Have a great weekend!
Across Markets…
Australian shares rose 0.4 per cent, by 29 points to 6994.8 at the close on Friday.
The energy sector was the best performing, it was up 1.9 per cent. Liontown Resources shares surged 8.2 per cent. Paladin Energy shares jumped 6.9 per cent.
The worst performing sector was REIT’s, it was down 1.4 per cent. Kelsian Group shares tumbled 7.4 per cent. Evolution Mining shares dropped 5.2 per cent.
Tyro Payments shareholders failed in their bid to get the fintech’s board to reveal both their assessment of fair value for any future takeover offer and the thinking behind their processes, as suitor Potentia Capital completes its due diligence.
Investment bank Goldman Sachs says global dividend markets have corrected sharply during the recent bank sell-off and created more attractive opportunities.
ANZ Bank expects the Reserve Bank to continue to raise interest rates by 0.25 per cent at both its April and May meetings, giving a terminal cash rate of 4.1 per cent.
It comes as Thursday’s job’s data led to a significant shift in market pricing for the RBA, ANZ said in a note.
Source: AFR
Clean energy focused company Pure Hydrogen (ASX: PH2) has revealed a substantial increase in revenue and net profit (NPAT) for the half year ending December (H1 FY2023) – leaving it in a strong cash position of about $14.7 million to pursue its growth plans.
During H1 FY2023, revenue grew substantially to $6.13 million – up from $206,000 in the previous corresponding period.
This boosted NPAT to almost $4.3 million, which was substantially higher than the $808,000 loss posted in H1 FY2022.
Earnings per share for H1 FY2023 rose from a loss of 0.25 cents per share in H1 FY2022 to 1.23cps.
Also building Pure Hydrogen’s bottom line was about $6 million in research and development tax incentives.
Pure Hydrogen’s strategy is to develop a hydrogen ecosystem to capitalise on rapidly growing demand and become the “hydrogen supplier of choice” to Australia’s market.
The company says there is “significant potential for emissions reductions” using its green, turquoise and emerald hydrogen manufacturing methods.
Source: SmallCaps
Sector: Uranium
Deal Type: IPO
Raise Amount: $7.5M
Latest Entry Price: $0.20
Today’s Price Change: $0.25 Unchanged
Company: Unith Ltd. (ASX:UNT)
Sector: AI/ChatGPT
Deal Type: Placement
Raise Amount: $4.5M
Latest Entry Price: $0.033 with a 1:1 UNTO
Today’s Price Change: $0.029 -3.33%
Company: Volt Resources Ltd. (ASX:VRC)
Sector: Battery Metals
Deal Type: Placement
Raise Amount: $5.75M
Latest Entry Price: $0.011
Today’s Price Change: $0.011 Unchanged
Company: Castle Minerals Ltd. (ASX:CDT)
Sector: Battery Metals/Base Metals
Deal Type: Placement
Raise Amount: $1.52M
Latest Entry Price: $0.03 with a 1:3 CDTOA
Today’s Price Change: $0.019 -13.64%
Company: Avenira Ltd. (ASX:AEV)
Sector: Phosphate
Deal Type: Placement
Raise Amount: $2.1M
Latest Entry Price: $0.01 with a 1:2 Listed Option
Today’s Price Change: $0.013 Unchanged
Company: Latrobe Magnesium Ltd. (ASX:LMG)
Sector: Magnesium
Deal Type: Placement
Raise Amount: $3M & $11.5M
Latest Entry Price: $0.10 with a 1:4 LMGO
Today’s Price Change: $0.065 +1.56%
Company: Askari Metals Ltd (ASX:AS2)
Sector: Mining
Deal Type: IPO
Raise Amount: $5.7M
Latest Entry Price: $0.35 with a 1:3 AS2O
Today’s Price Change: $0.50 Unchanged
Company: Tymlez Ltd (ASX:TYM)
Sector: Blockchain
Deal Type: IPO/On-market purchase
Raise Amount: $13.3M
Latest Entry Price: $0.01
Today’s Price Change: $0.012 -7.69%
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: $0.047 Unchanged
Sector: Fintech
Deal Type: Placement
Raise Amount: $1.5M
Latest Entry Price: $0.015 with a 1:2 FFGOA
Today’s Price Change: $0.014 -6.67%
Company: Lobe Sciences (CSE:LOBE)
Sector: Medtech
Deal Type: Pre-IPO
Raise Amount: $1.5M
Latest Entry Price: $0.05 with a 1:1 Warrants
Today’s Price Change: $0.03 -14.29%
Company: Paradigm Biopharma (ASX:PAR)
Sector: Biopharma
Deal Type: IPO Cornerstone
Raise Amount: $1M+
Latest Entry Price: $0.35
Today’s Price Change: $1.345 +0.75%
Company: ReNu Energy Limited (ASX:RNE)
Sector: Energy
Deal Type: Placement
Raise Amount: $1.46M
Latest Entry Price: $0.06 with a 1:1 RNEO
Today’s Price Change: $0.048 +4.35%
Company: Cipherpoint Limited (ASX:CPT)
Sector: Cybersecurity
Deal Type: Placement
Raise Amount: $2.9M
Latest Entry Price: $0.005 with a 1:1 Listed Option
Today’s Price Change: $0.006 Unchanged
Company: Metals Australia Limited (ASX:MLS)
Sector: Lithium/Graphite
Deal Type: Placement
Raise Amount: $7.8M
Latest Entry Price: $0.078 with 1:1 MLSOD
Today’s Price Change: $0.039 Unchanged
Company: BBX Minerals Ltd (ASX:BBX)
Sector: Mining
Deal Type: Placement
Raise Amount: $2.1M
Latest Entry Price: $0.082 with a 1:1 BBXOA
Today’s Price Change: $0.125 +4.17%
Sector: CBD
Raise Amount: $5M
Latest Entry Price: $0.022 with a 1:2 AVEO
Today’s Price Change: $0.009 Unchanged
Sector: Medicinal Cannabis
Deal Type: Placement
Raise Amount: $6.6M
Latest Entry Price: $0.033 with 1:2 ECSO
Today’s Price Change: $0.02 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
