November 29, 2020 12:06 AM AEDT
On 27 November 2020, 360 Capital Digital Infrastructure Fund (ASX:TDI) announced that it is commencing a fully underwritten placement to raise A$15.1 million. The Company would issue a total of 8.5 million new fully paid ordinary securities each at A$1.77.
The proceeds raised via Placement would be used to fund a pipeline of investment opportunities plus further consequent capital across current investments along with strategic M&A opportunities.
TDI shares on 27 November 2020 settled flat at A$1.835.
November 29, 2020 12:03 AM AEDT
MotorCycle Holdings Limited (ASX:MTO) updated its shareholders on the trading and financial position of the Company.
MTO anticipates reporting an underlying EBITDA between A$23-A$25 million for the first half of the FY21 (period ending 30 June 2021), subject to audit.
Underlying EBITDA comprises interest and amortisation on leased properties as an expense to allow comparison to previous periods during which lease expense was included.
On 27 November 2020, the shares of MTO traded at A$2.59 up by 2.77%.
November 28, 2020 01:51 PM AEDT
In its latest update, Lake Resources N.L. (ASX:LKE, OTC:LLKKF) has approved to expand the current Controlled Placement Agreement (CPA) with Acuity Capital and the expiry date of the CPA will move to 31 January 2023 while the CPA will extend by a further A$5.5 million to permit more flexibility.
The CPA provided Lake Resources with up to A$4.5million of standby equity capital with an expiry date in the coming weeks and LKE along with Acuity Capital have decided to increase and extend the accessible standby capital offered under the CPA facility to a fresh limit of A$10 million.
LKE has utilised the CPA to raise a total of A$1.4 million and consequently the remaining standby equity capital available under the CPA now stands at A$8.6 million. LKE has further agreed to expand the shares held by Acuity Capital under the CPA.
November 28, 2020 11:51 AM AEDT
Industrial technology firm Pearl Global Limited (ASX:PG1) has entered into a partnership with Queensland-based Austek Asphalt Production to strengthen the development of its waste-to-roads strategy. This will witness millions of used tyres diverted from landfill anually.
The company Pearl Global off-late accomplished trials of its fuel and carbon char products with Austek and is now seeking wider commercial applications of the technology. It has also joined hands with other asphalt producers to expand its distribution channels.
It takes 10 tyres to produce one tonne of Zeroad asphalt and Austek can consume between 1.6 to 2 million old tyres in a year in one bitumen plant.
Meanwhile, the PG1 stock traded at $0.100 per share, with a market capitalisation of $39.08 million on 27 November 2020.
November 28, 2020 11:50 AM AEDT
eSense-Lab Ltd (ASX:ESE) is a life sciences company that creates virtual plant-based products for medicinal and recreational purposes. In its ASX announcement made on 27 November 2020, the company said that it making efforts to create a sanitiser product that is effective in fighting germs and viruses with low quantity of ethanol content, as ethanol can be rough on the skin and possesses flammability risks.
The tests by the Central Virology Lab of Israel Ministry of Health compared TRP-ENV and one more eSense’s terpene blend against a 70% ethanol solution in neutralising human coronavirus HCoV-OC43.
TRP-ENV when blended with SeaLaria’s red algae was found to be as effective as 70% ethanol.
Meanwhile, the stock ESE closed at $0.018 per share on 27 November 2020.
November 28, 2020 11:49 AM AEDT
ASX-listed leading provider of quality accommodation Aspen Group Limited (ASX:APZ) updated the market with its annual report for FY20, the period ended on 30 June 2020. The quick highlights are-
As of 30 June 2020, APZ had total assets of A$190.7 million, total liabilities of A$56.7 million and net asset value (NAV) of A$134.0 million.
The Company shall continue to seek opportunities to expand its portfolio of reasonable accommodation properties in the residential, retirement and short-stay areas via acquisition and development.
November 28, 2020 11:48 AM AEDT
Surefire Resources NL (ASX:SRN) has completed a placement of $259,076 before costs. The proceeds are likely to allow the Company to progress exploration at its gold projects in West Australia.
The Company issued 259,076,820 options to professional and sophisticated investors, at $0.001 each, exercisable at $0.006 each on or before 30 June 2022. The options will be listed on the Australian Securities Exchange (ASX) and will rank equally with the existing quoted securities.
The placement was approved at the Company’s Annual General Meeting held on 23 November 2020.
SRN traded at $0.031 on 25 November 2020.
November 27, 2020 07:56 PM AEDT
The stock market continued the downtrend pattern and again ended in the negative territory. The benchmark index S&P/ASX200 settled at 6601.10 points after losing 35.30 points. It was down by 0.53 per cent when compared with yesterday's closure at 6636.40 points.
The US stock market remained closed on 26 November 2020 due to Thanksgiving holiday.
On Friday (27 November 2020), at AEDT 07:16 PM, the commodity section was trading as follows - the crude oil futures on NYMEX declined by 3.2 per cent and was trading at USD 44.62 a barrel. The gold commodity insignificantly decreased by 0.07 per cent and was trading at USD 1,809.14.
The Australian dollar inched up by 0.33 per cent and was trading at AUD 0.7380 and bitcoin declined by 1.33 per cent and was trading at AUD 22,863.0.
The stocks that increased the maximum during Friday (27 November 2020) are:
The stocks that dived the most during Friday (27 November 2020) are:
Have a look at the top 5 best and worst-performing stocks of Friday's session in the graph below.
November 27, 2020 06:16 PM AEDT
The health club giant Viva Leisure has announced a $30 million capital raising to come up with new locations and to refurbish the recently acquired sites. It should be noted that the gym enthusiasts have started to resume the physical activities and to hit the gyms after the Covid-19 lockdowns.
Probably the improved visitations have garnered the company with the confidence to continue expansion. Also, VVA had acquired Australian Fitness Management (AFM) in August this year.
VVA currently has centers at 89 locations, along with 200 franchised clubs in the Plus Fitness Group.
The $30 million in capital will be used to pursue the expansion programme as well as to renovate newly acquired operations.
The complete underwritten share placement is being offered at $2.90 per share.
Meanwhile, the stock traded at $3.030 with market capitalisation of $216.67 million.
November 27, 2020 06:16 PM AEDT
China has fast-tracked oil, propane, and LNG imports from the United States since July 2020. Over the first 10 months of the year, China has purchased ~ USD 6.61 billion worth of oil products.
November 27, 2020 06:15 PM AEDT
The Chinese Ministry of Commerce to impose temporary anti-dumping measures on Australian winemakers from tomorrow.
November 27, 2020 01:11 PM AEDT
The PPK Group Limited (ASX:PPK) announced that it has received solid commitments to raise gross proceeds of $15.4 million through the issuance of 2,800,000 PPK shares at $5.50 per share by way of a single-tranche share placement to Institutional as well as sophisticated investors.
The announcement informed that these funds shall be used to provide momentum to the research, development and commercialisation of new projects announced earlier, to bolster the further technology investment chances and as declared earlier, to facilitate the separation of the mining business.
To add to this, two directors Robin Levison and Dale McNamara have sold down 1,845,000 PPK shares at $5.50 per share.
Also, after the anticipated de-merger with the mining business, PPK will also be seeking to change its name to one that reflects a focus on technology investment and expansion activities.
Meanwhile, the PPK stock was noted trading at $5.750 per share with a market capitalisation of $524.59 million at 01:14 PM AEDT.
November 27, 2020 12:46 PM AEDT
Thorn Group Limited (ASX:TGA) along with its controlled entities released the first half yearly results for the six-month period ended 30 September 2020.
Thorn registered a half year net loss of $1.1 million, as compared with a net loss of $25.6 million in the previous corresponding period. Revenue from continuing operations quoted down 44.9% from $104.9 million to $57.8 million.
TGA restricted credit and focused on safeguarding the business with strong cash flows and started the quick transformation of the Radio Rentals business model into a digital platform during the pandemic.
Meanwhile, the TGA stock traded at $0.160 per share with a market capitalisation of $59.38 million at 01:10 PM AEDT.
November 27, 2020 12:24 PM AEDT
Bega Cheese Limited (ASX:BGA) announced the successful completion of the underwritten institutional placement and the institutional component of its 1 to 4.5 pro-rata accelerated non-renounceable entitlement offer of fully paid shares in the Company and raised A$284 million.
The proceeds would be used to partially fund the acquisition of all the shares in Lion Dairy & Drinks Pty Ltd for a net acquisition price of A$534 million.
November 27, 2020 12:23 PM AEDT
One of the frontrunner in COVID-19 vaccine development AstraZeneca Plc (LON:AZN) is likely to perform an additional international trial of its COVID-19 vaccine.
The CEO of AstraZeneca Pascal Soriot said that this global study is to assess the efficacy of COVID-19 vaccine after current studies raised questions over its protection level, according to several media reports.
The Company would run a new trial instead of adding an arm to its ongoing US clinical trial and would assess a lower dose that has previously performed better than a full amount in the studies.
Mr Soriot said this study will be probably another global clinical trial, but this one could be faster because the efficacy is high, so there is a need for smaller patients’ group.
November 27, 2020 12:20 PM AEDT
As per media reports, Amazon warehouse employees in many countries are preparing to perform strikes and protests on Black Friday, one of the biggest sales events of the year for the company.
The employees will be calling on Amazon to pay better and improve safety conditions and respect their right to organise. Social activists along with the environmental activists are also expected to join in the protest.
It should be noted that similar kind of activities have happened during Black Friday and even other important major sales events that have taken place over the last several years.
Employees in Germany staged many strikes throughout 2020 to protest pay and working conditions.
The strikes, protests and similar actions are expected to take place in Australia,India, the US, the UK, Mexico, Brazil and nine other countries.
This coordinated effort is called #MakeAmazonPay and it usually overlaps with the start of the company’s peak season.
November 26, 2020 06:41 PM AEDT
After a slight gain of 39.20 points on Wednesday, the stock market today lost 46.90 points, when the benchmark index S&P/ASX200 settled at 6636.40 points, down by 0.70 per cent.
On 25 November 2020, Wall Street had a mixed trading session, with Nasdaq Composite up by 0.48 per cent, Dow Industrials down by 0.58 per cent and S&P500 dipped by 0.16 per cent.
On Thursday (26 November 2020), at AEDT 06:10 PM, the commodity section was trading as follows - the crude oil slightly declined by 0.11 per cent and was trading at USD 45.66 a barrel. The gold commodity slightly increased by 0.21 per cent and was trading at USD 1,811.04.
The Australian dollar stayed flat and was trading at AUD 0.7365 and bitcoin declined by 6.2 per cent and was trading at AUD 24,277.4.
The stocks that increased the maximum during Thursday (26 November 2020) are:
The stocks that dived the most during Thursday (26 November 2020) are:
Have a look at the top 5 best and worst-performing stocks of Thursday's session in the graph below.