Another early morning workout and swim at Port Melbourne beach to kick off the Friday!
Here’s some food for thought…
Cash holdings among global fund managers have risen to their highest level since 9/11 terrorist attacks in the US, a shift that reflects large investors worries about the deteriorating outlook for stock markets.
Cash balances have swelled to 6.1 per cent on average across the portfolio’s of global asset allocators according to Bank of America, which canvassed views from 288 investment professionals that together oversee assets of $833 billion.
What happens when all the $$$ comes rushing back into markets?
Across markets…
Australian shares are poised to edge lower, with commodity prices continuing to deflate amid rising concerns about a recession.
Copper tumbled to a 16-month low. Oil and gold slip. ASX futures were down 9 points or 0.14 per cent to 6425 near 6.20am AEST.
- On Wall St: Dow +0.6% S&P 500 +1% Nasdaq +1.6%
- In New York: BHP -1.6% Rio -3% Atlassian +4.2%
- Tesla -0.4% Apple +2.2% Amazon +3.2% Microsoft +2.3%
“The S&P 500 Index tries to build upon the initial rebound from the extreme oversold conditions realised last week,” JPMorgan equity strategists said. “The index needs to clear 3810-3900 resistance to confirm a short-term trend reversal, in our view.
“The deep oversold conditions and bullish momentum divergence signals already in place imply an increased probability for additional upside into July.”
The S&P 500 closed at 3795.73 overnight.
Source: AFR
Aussie biotech Medlab Clinical (ASX:MDC) has just nailed a game-changing South East Asian distribution deal, opening the region up to its branded nutraceutical brands in the key target market.
The Aussie-listed MDC, which specialises in using nano-particle delivery technology to enhance medicinal effectiveness, says the deal with YesHealth (Malaysia) includes exclusive distribution rights for the biotech’s branded nutraceutical or VMS line of products into three new and highly-prospective Asian markets.
The binding five-year exclusive arrangement brings to the fore 12 MDC nutraceuticals, inclusive of one NanoCelle nutraceutical formulation into Malaysia and Vietnam – both as exclusive territories – and Singapore as non-exclusive.
Under the Agreement, Medlab will supply nutraceuticals on a cost-plus basis as well as receive royalties on net sales. But the inclusion of its proprietary tech platform NanoCelle is the real clincher.
Source: Stockhead
Sector: Consumer Discretionary
Deal Type: Placement
Raise Amount: $2.2M
Latest Entry Price: $0.006 with a 1:4 DW8O
Today’s Price Change: $0.017 Unchanged
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 -2.78%
Sector: Battery Metals
Deal Type: Placement
Raise Amount: $5.75M
Latest Entry Price: $0.011
Today’s Price Change: $0.015 -6.25%
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 -4.17%
Sector: Magnesium
Deal Type: Placement
Raise Amount: $3M & $11.5M
Latest Entry Price: $0.10 with a 1:4 LMGO
Today’s Price Change: $0.052 -3.70%
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: $0.023 -4.17%
Sector: Mining
Deal Type: IPO
Raise Amount: $5.7M
Latest Entry Price: $0.35 with a 1:3 AS2O
Today’s Price Change: $0.235 -6.00%
Sector: Blockchain
Deal Type: IPO/On-market purchase
Raise Amount: $13.3M
Latest Entry Price: $0.01
Today’s Price Change: $0.02 -4.76%
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: $0.062 Unchanged
Sector: Fintech
Deal Type: Placement
Raise Amount: $1.5M
Latest Entry Price: $0.015 with a 1:2 FFGOA
Today’s Price Change: $0.017 Unchanged
Sector: Biopharma
Deal Type: IPO Cornerstone
Raise Amount: $1M+
Latest Entry Price: $0.35
Today’s Price Change: $0.915 -5.18%
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: $0.022 -1.09%
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
Sector: Energy
Deal Type: Placement
Raise Amount: $1.46M
Latest Entry Price: $0.09 with a 1:4 RNEO
Today’s Price Change: $0.026 -10.34%
Sector: Cybersecurity
Deal Type: Placement
Raise Amount: $2.9M
Latest Entry Price: $0.027 with a 1:2 CPTOC
Today’s Price Change: $0.0175 Unchanged
Sector: Lithium/Graphite
Deal Type: Placement
Raise Amount: $7.8M
Latest Entry Price: $0.078 with 1:1 option
Today’s Price Change: $0.042 -8.70%
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: $0.14 -6.67%
Sector: Information Technology
Deal Type: Underwritten Rights Offer
Raise Amount: $1.5M
Latest Entry Price: $0.03 with a 1:1 Listed Option
Today’s Price Change: $0.017 Unchanged
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: $0.068 Unchanged
Sector: Hemp & CBD
Deal Type: Pre IPO
Raise Amount: $2.5M
Latest Entry Price: $0.20
Today’s Price Change: CAD $0.085 Unchanged
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 $0.055 +10.00%
Sector: mining
Deal Type: Placements & Rights Offer
Raise Amount: $1.5M
Latest Entry Price: $0.008 with a 1:2 MRQOC
Today’s Price Change: $0.007 Unchanged
Sector: CBDDeal Type: Placement
Raise Amount: $5M
Latest Entry Price: $0.022 with a 1:2 AVEO
Today’s Price Change: $0.013 Unchanged
Sector: Cannabis and Hemp
Deal Type: Placement
Raise Amount: $6.6M
Latest Entry Price: $0.033 with 1:2 Listed Option
Today’s Price Change: $0.017 Unchanged
Sector: Information Technology
Deal Type: Placement
Raise Amount: $800K
Latest Entry Price: $0.03 with a 1:1 Option
Today’s Price Change: $0.105 +5.00%
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