Happy Friday!
What a week it has been!
From lithium and hydrogen stocks having a “field day”, all the way to $40BN of market value being hit in yesterday’s session.
The good news?
Markets are back up and it is Friday!
Across markets…
Australian shares are set to surge at the open, taking direction from a sharp rebound on Wall Street.
ASX futures were up 80 points or 1.2 per cent to 6670 near 7.15am AEDT. The currency edged higher.
On Wall Street, all three major benchmarks rebounded after their worst day in three months, though each pared some gains as the day progressed. At 3.24pm, the Dow was up 456 points or 1.5 per cent, paced by Intel, Walt Disney and American Express. The S&P 500 leapt 1.7 per cent. The Nasdaq was 1.1 per cent higher.
All 11 of the S&P 500 industry groups were higher, led by financials, industrials and healthcare. The VIX last was down near 25 per cent.
GameStop was down about 29 per cent in late trade; it has swung wildly through the session. Several online platforms restricted trading in the stock, prompting calls for greater regulatory scrutiny
Source: AFR
Small cap IPOs dramatically outperformed their larger peers on the ASX last year, a new report has found.
There were 43 new market entrants with a starting capitalisation of less than $100 million, and they ended 2020 up an average of 46 per cent, according to the IPO Watch Australia report by accounting association HLB Mann Judd.
In contrast, the 31 companies joining the bourse with a starting capitalisation of $100 million or more ended the year up just 17 per cent, the report found.
“Small caps in particular did tend to outperform the large caps in percentage terms at least,” said HLB Mann Judd Perth partner Marcus Ohm, author of the report.
Noteable results for small caps included strategic IT advisor Cosol (ASX:COS), up 290 per cent; WA nickel-copper explorer Desert Metals (ASX:DM1), up 215 per cent; mining services contractor Dynamic Drill and Blast Holdings (ASX:DDB), up 180 per cent; and New Zealand-focused gold explorer Siren Gold (ASX:SNG), up 180 per cent.
Sector: Consumer Discretionary
Year: 2019
Deal Type: Placement
Raise Amount: $2.2m
Price Change: $0.046 -4.17%
Sector: Consumer Discretionary
Year: 2018, 2019
Deal Type: Seed, Bridging and IPO
Raise Amount: $10m
Price Change: $0.16 Unchanged
Sector: Technology
Year: 2018
Deal Type: Seed and IPO
Raise Amount: $10m
Price Change: $0.049 -2.00%
Sector: Mining
Year: 2017
Deal Type: Seed & IPO
Raise Amount: $5m
Price Change: $0.20 -4.76%
Sector: Mining
Year: 2017
Deal Type: IPO & Placement
Raise Amount: $6m
Price Change: $0.045 -2.17%
Sector: Healthcare Equipment and Services
Year: 2016
Deal Type: IPO
Raise Amount: $8m
Price Change: $0.14 -3.57%
Sector: Materials
Year: 2016
Deal Type: IPO
Raise Amount: $9m
Price Change: $0.032 -8.57%
Sector: Biotechnology
Year: 2015, 2017, 2018
Deal Type: Placements & IPO
Raise Amount: $5m
Price Change: $2.30 -3.36%
Sector: Media an Entertainment
Year: 2016
Deal Type: Reverse Takeover
Raise Amount: $4m
Price Change: $0.041 +2.50%
Sector: Mining
Year: 2018, 2019, 2020
Deal Type: Placements & Rights Offer
Raise Amount: $1.5m
Price Change: $0.017 Unchanged
Sector: Discretionary
Year: 2020
Deal Type: Placement
Raise Amount: $1.3m
Price Change: $0.068 +3.03%
Sector: Gaming
Year: 2020
Deal Type: Placement
Raise Amount: $1.25m
Price Change: $0.13 -7.14%
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: $0.011 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 $0.10 -13.04%
Sector: Mining
Year: 2020
Deal Type: Placement
Raise Amount: $330k
Price Change: 0.24 +14.29%
If you would like more information on future Peak deals, please don’t hesitate to get in touch.
