Peak Asset Management Logo

    21 August, 2023

Raise your hand if you enjoy a glass of wine!

Well…global wine production has remained steady over the past twenty years.

Yearly average is 240 million hectoliters over 50% of which come only from three countries…

Check out the map below for more info.

Across Markets…

The Australian sharemarket extended losses recorded earlier during the trading session, down 0.5 per cent, or 32.6 points, to 7115.5 at the closing bell. 

The consumer staples and information technology sectors were the worst performers, dragged lower by disappointing earnings results. 

Dairy producer A2 Milk shares sank 13.6 per cent after it warned that its key China market this year will be more challenging with a further double-digit decline in value expected.

Elders plunged 10.8 per cent after it downgraded its profit forecasts, citing weaker-than-expected sales.

Software company Iress shares cratered 35.5 per cent and was among the worst performers on the ASX. It suspended its interim dividend following the completion of its plan to sell its managed funds administration business.

Meanwhile, Ampol rallied 3.8 per cent following its CFO told investors that it won’t do a deal that would require a capital raising. 

Premier Investments surged 12.2 per cent following its announcement that the decision to undertake an operational review – helped by UBS and Arnold Bloch Leibler – would help unlock value in the company’s various businesses.

The Bank of Japan is purchasing government bonds at a record pace this year, a factor that likely prompted its recent move to allow larger yield movements to reduce the strain on its control of longer-term interest rates.

Chinese banks made a smaller-than-expected cut to their benchmark lending rate on Monday and avoided trimming the reference rate for mortgages, despite the central bank putting pressure on lenders to boost loans.

The one-year loan prime rate was lowered by 10 basis points to 3.45 per cent from 3.55 per cent, a slighter reduction than what most economists surveyed by Bloomberg had expected.

The five-year rate, a reference for mortgages, was unexpectedly kept steady at 4.2 per cent, according to data from the People’s Bank of China. Most economists had predicted a 15 basis-point cut.

Source: AFR


Pic of the day

Local Equity News

Broad-spaced drilling by remote region explorer WA1 Resources (ASX:WA1) continues to expand the envelope of niobium mineralisation at its Luni prospect in Western Australia.
High-grade niobium continuity has now been demonstrated by drilling at 200m-spaced holes.

Previous niobium hits resulted from drilling at a spacing of 400m.

Luni is part of the company’s West Arunta iron oxide copper gold (IOCG) project located in a remote region of Western Australia, 490km south of Halls Creek.

Latest assays include 37m at 2.3% niobium oxide, including 10m at 4.0%, while another hole returned 15m at 3.3%, including 9m at 5.2%.

Step out drilling to the east at two holes assayed 20m at 2.3% and 7m at 2.7% niobium oxide.

Managing director Paul Savich said this latest announcement doubles the number of drill holes released so far from Luni and all holes reported continue to be from wide-spaced 200m grid drilling.

CLICK HERE TO READ MORE

Source: Small Caps

Follow Peak Asset

Recent Peak Deals

Company: Terra Uranium (ASX:T92)
Sector: Uranium
Deal Type: IPO
Raise Amount: $7.5M
Latest Entry Price: $0.20
Today’s Price Change: $0.155 +3.33%

Company: Patagonia Lithium (ASX:PL3)
Sector: Lithium
Deal Type: IPO
Raise Amount: $8.6M
Latest Entry Price: $0.20
Today’s Price Change: $0.165 -5.71% 

Company: Gold Mountain Limited (ASX:GMN)
Sector: Lithium
Deal Type: Placement
Raise Amount: $2.25M
Latest Entry Price: $0.0075
Today’s Price Change: $0.01 +5.26%

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: $0.025 -3.85%

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: $0.01 Unchanged

Company: Castle Minerals Ltd. (ASX:CDT)
Sector: Battery Metals/Base Metals
Deal Type: Placement
Raise Amount: $1.52M
Latest Entry Price: $0.02 with a 2:3 CDTOA 
Today’s Price Change: $0.011 Unchanged

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: $0.012 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: $0.05 -1.96%

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: $0.19 -13.64%

Company: Tymlez Ltd (ASX:TYM)
Sector: Blockchain
Deal Type: IPO/On-market purchase
Raise Amount: $13.3M
Latest Entry Price: $0.004 with a 1:1 option
Today’s Price Change: $0.004 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: $0.044 -2.22% 

Company: Fatfish Group (ASX:FFG)
Sector: Fintech
Deal Type: Placement
Raise Amount: $1.5M
Latest Entry Price: $0.015 with a 1:2 FFGOA
Today’s Price Change: $0.016 Unchanged

Company: Paradigm Biopharma (ASX:PAR)
Sector: Biopharma
Deal Type: IPO Cornerstone
Raise Amount: $1M+
Latest Entry Price: $0.35
Today’s Price Change: $0.69 -13.75%

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: $0.032 -5.88%

Company: Carly Holdings Ltd (ASX:CL8)
Sector: AI and Car subscription
Deal Type: Placement
Raise Amount: $1.25M
Latest Entry Price: $0.025 with a 1:2 CL8O
Today’s Price Change: $0.023 +9.52%

Company: Avecho Biotechnology (ASX:AVE)
Sector: CBD

Deal Type: Placement
Raise Amount: $5M
Latest Entry Price: $0.006 with a 3:2 AVEOA
Today’s Price Change: $0.0075 +7.14%

Company: ECS Botanics Holdings Ltd (ASX:ECS)
Sector: Medicinal Cannabis
Deal Type: Placement
Raise Amount: $6.6M
Latest Entry Price: $0.033 with 1:2 ECSO
Today’s Price Change: $0.022 -4.35%

If you would like more information on future Peak deals, please don’t hesitate to get in touch.


The trustee for Peak Asset Management Unit Trust (“Peak”) is a corporate authorised representative (#1295491) of Dayton Way Securities Pty Ltd (AFSL #382585).
 
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 

Categories:

Tags:

No responses yet

Leave a Reply