An early start for the day, as we catchup for our Peak “in review” brekkie to discuss what we did / didn’t do well in 2020 and ensure that the “client experience” and our curated deals, are even better in 2021!
Sometimes in life, you get so busy “dancing”, but don’t get a chance to “step up on the balcony”, reflect, recharge and re-assess.
We feel that’s really important….
Australian shares are poised to open higher, with iron ore retaking the $US155 a tonne mark, oil topping $US51 a barrel and after bitcoin reset its record high.
Bolstering sentiment was a somewhat dovish tone to the final Federal Reserve statement of 2020, and signs that US Congressional leaders are near agreement on a $1.2 trillion stimulus deal with a vote potentially as early as Thursday in Washington.
ASX futures were up 31 points or 0.5 per cent to 6641 near 7am AEDT; they were up 22 points before the Fed's statement. The currency was higher; it briefly turned negative after the Fed statement was released at 6am AEDT.
The yield on the US 10-year note was flat at 0.91 per cent near 3pm in New York, retracing an initial post Fed statement 3 basis point rise.
The Fed's policy committee said it will keep buying government bonds until the economy makes “substantial” progress. It also reiterated that expects keep its short-term benchmark interest rate near zero through at least 2023.
Source: Bloomberg
Today we hear from Niv Dagan from Peak Asset Management about the ASX sectors set to do well in 2021. He named three sectors in particular as promising thematics.
“The big theme will be renewables and hydrogen,” Dagan declared.
“We feel that as governments and the global corporations move towards trying to cut emissions, you’re going to see a lot of funds going into ESG and sustainable investments – so that’s a big theme.
“The second major theme we think will be cannabis and also psilocybin which is the extract of the mushroom – treating anxiety, mental health and concussion.
“With Biden coming to power, you [will] see decriminalisation on a federal level of medicinal cannabis and we believe it will be same for psilocybin.”
Dagan is also hot on commodities, particularly gold and silver.
“We feel that gold and silver will still be talking points – especially in the first quarter of the year as central banks remain stressed from quantitative easing,” he said.
“We fell the USD will continue to fall, we feel that inflation will start to be a talking point and on the back of that we can see another run towards the US$2,200-US$2,500 level in the first quarter of next year based on those themes.”
Sector: Consumer Discretionary
Year: 2019
Deal Type: Placement
Raise Amount: $2.2m
Price Change: $0.047 +2.17%
Sector: Consumer Discretionary
Year: 2018, 2019
Deal Type: Seed, Bridging and IPO
Raise Amount: $10m
Price Change: $0.14 +12.50%
Sector: Technology
Year: 2018
Deal Type: Seed and IPO
Raise Amount: $10m
Price Change: $0.065 Unchanged
Sector: Mining
Year: 2017
Deal Type: Seed & IPO
Raise Amount: $5m
Price Change: $0.21 Unchanged
Sector: Mining
Year: 2017
Deal Type: IPO & Placement
Raise Amount: $6m
Price Change: $0.050 -3.85%
Sector: Healthcare Equipment and Services
Year: 2016
Deal Type: IPO
Raise Amount: $8m
Price Change: $0.078 +11.43%
Sector: Materials
Year: 2016
Deal Type: IPO
Raise Amount: $9m
Price Change: $0.025 Unchanged
Sector: Biotechnology
Year: 2015, 2017, 2018
Deal Type: Placements & IPO
Raise Amount: $5m
Price Change: $2.54 +1.20%
Sector: Media an Entertainment
Year: 2016
Deal Type: Reverse Takeover
Raise Amount: $4m
Price Change: $0.037 +2.78%
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: $0.070 -5.41%
Sector: Gaming
Year: 2020
Deal Type: Placement
Raise Amount: $1.25m
Price Change: $0.13 Unchanged
Sector: Mining (Gold)
Year: 2020
Deal Type: Placement
Raise Amount: $982k
Sector: Mining (Gold/Silver)
Year: 2020
Deal Type: Placement
Raise Amount: $2.3m
Price Change: $0.012 Unchanged
Sector: Hemp & CBD
Year: 2020
Deal Type: Pre IPO
Raise Amount: $2.5m
Sector: Psychedelic assisted therapy
Year: 2020
Deal Type: Placement
Raise Amount: $2.5m
Price Change: CAD $0.16 -5.88%
Sector: Mining
Year: 2020
Deal Type: Placement
Raise Amount: $330k
Price Change: 0.036 Unchanged
If you would like more information on future Peak deals, please don’t hesitate to get in touch.
