Some positive news…
Analysts continue to turn bullish!
30-day moving average number of S&P 500 members with higher analyst target prices has climbed to highest since August 2021.
See chart below.
Across markets…
Australian shares are set for a muted open as investors await Tuesday’s policy decision by Reserve Bank. US shares were lower to start their week; US Treasury yields rose on bets the Federal Reserve has more room to lift interest rates.
The RBA is poised to lift the cash rate 0.25 per cent. It is scheduled to release its decision at 2.30pm AEDT.
ASX futures were down 4 points or 0.1 per cent to 7465 near 6am AEDT.
Tuesday’s reporting agenda: Centuria Capital (CNI) | Cettire (CTT) | Macquarie Group (MQG) | Transurban (TCL) | Region Group (RGN).
- On Wall St near 2pm: Dow -0.1% S&P -0.7% Nasdaq -0.9%
- In New York: BHP -1.8% Rio -1.5% Atlassian +2.3%
- Tesla +2.2% Apple -1.6% Amazon -1% Alphabet -2.2%
Newmont slid 4 per cent in New York after lobbing its blockbuster $24.4 billion bid for ASX-listed Newcrest Mining.
Source: AFR
- Newcrest is in play after Newmont lobbed a ~$24bn all scrip bid for Australia’s largest gold miner yesterday
- Corporate advisor and gold expert Liam Twigger says the major M and A deal could see corporate activity cascading down the sector
- But big miners may be wary of the cost and quality of Australian assets outside of Newcrest’s Tier 1 mines
There are any number of reasons for Newmont, led by Australian former Rio Tinto (ASX:RIO) executive Tom Palmer, to launch its $24 billion Newcrest bid right now.
For those unaware of the big, big gold news yesterday, the world’s biggest gold miner Newmont, with Bank of America and Lazard in tow, has made the second of two representations in recent weeks to Newcrest, Australia’s largest listed gold producer.
Its 0.38 for 1 share offer, valuing Newcrest at $27.16 or a 21% premium to its February 3 closing price, sent the ASX 50 mining giant’s stock up 9.3% yesterday and came after some ructions in the press forced Newcrest to put the latest bid out in the open.
The deal could give ASX investors easy access to locally listed CDIs of Denver-based Newmont and would extend the 6Mozpa miner’s lead over close Canadian rival Barrick as the world’s biggest gold producer.
That pissing contest for scale with Barrick (a common phenomenon of late booms) is a potential reason for the Newcrest raid, which would see Newmont reattach a company it spun off as a local subsidiary all the way back in 1966.
Source: Stockhead
Company: Terra Uranium (ASX:T92)
Sector: Uranium
Deal Type: IPO
Raise Amount: $7.5M
Latest Entry Price: $0.20
Today’s Price Change: $0.35 Unchanged
Company: Lion Energy Ltd. (ASX:LIO)
Sector: Energy
Deal Type: Placement
Raise Amount: $933K & $5.8M
Latest Entry Price: $0.08 with a 1:2 Listed Option
Today’s Price Change: $0.035 +2.94%
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: $0.013 +8.33%
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: $0.023 +4.55%
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: $0.016 -3.03%
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: $0.076 -2.56%
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: $0.022 +2.33%
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: $0.64 +3.23%
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: $0.021 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: $0.053 Unchanged
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: $0.021 Unchanged
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: $0.045 +12.50%
Company: Paradigm Biopharma (ASX:PAR)
Sector: Biopharma
Deal Type: IPO Cornerstone
Raise Amount: $1M+
Latest Entry Price: $0.35
Today’s Price Change: $1.435 -4.33%
Company: Beam Communications (ASX:BCC)
Sector: Satellite Communication
Deal Type: Placement
Raise Amount: $5.3M & $5M
Latest Entry Price: $0.44 with a 1:4 Option
Today’s Price Change: $0.22 -12.00%
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: $0.06 Unchanged
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: $0.059 -1.67%
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: $0.007 -12.50%
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: $0.053 Unchanged
Company: Boadicea Resources Ltd (ASX:BOA)
Sector: Mining
Deal Type: Underwritten Rights Offer
Raise Amount: $2.98M
Latest Entry Price: $0.24 with a 1:1 BOAOA
Today’s Price Change: $0.105 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: $0.135 -6.90%
Company: Candy Club (ASX:CLB)
Sector: Consumer Discretionary
Deal Type: Seed, Bridging and IPO
Raise Amount: $10M
Latest Entry Price: $0.08 with a 1:1 CLBO
Today’s Price Change: $0.046 Unchanged
Company: Avecho Biotechnology (ASX:AVE)
Sector: CBDDeal Type: Placement
Raise Amount: $5M
Latest Entry Price: $0.022 with a 1:2 AVEO
Today’s Price Change: $0.012 -7.69%
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: $0.027 -3.57%If you would like more information on future Peak deals, please don’t hesitate to get in touch.
Peak on 1300 304 460
