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Surefire Resources (ASX:SRN) Initiates Production Study at Perenjori Iron Ore Project
Looking for long-term stocks? Here are two ASX mid-cap shares for 2021
Alterra (ASX:1AG) to raise A$3.7 million to support flagship Carpenters avocado project
Agriculture firm Alterra Limited (ASX:1AG) intends to raise up to AUD 3.7 million under which a company associated with Pendulum Capital Pty Limited is set to acquire up to a 19.9% stake in the Company.
The capital raising features a placement at AUD 0.04 per share to raise AUD 1.85 million and a 1-for-5 pro-rata non-renounceable entitlement offer at AUD 0.04 per share amounting to another AUD 1.85 million.
The ASX announcement stated that the Capital Raising will aid the next level of Alterra’s Carpenters avocado project in Western Australia’s South West.
Meanwhile, the stock 1AG ended 6.976% higher at AUD 0.046 per share today.
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Pure Foods Tasmania (ASX:PFT) secures sole national distribution for Woodbridge Smokehouse
Pure Foods Tasmania (ASX:PFT) announced on 13 May 2021 that Monde Nissin Australia (MNA) has agreed a sole supplier agreement for Tasmanian Atlantic Salmon and Ocean Trout products with PFT’s Woodbridge Smokehouse (WBSH).
The agreement will see WBSH exclusively provide products to MNA to support its national portfolio.
The agreement is for five years with an option for a further 3 years.
Meanwhile, the stock PFT was spotted trading at AUD 0.710, up 12.698% at 2:20 PM AEST.
Five penny stocks making a splash today
Advanced Human Imaging (ASX:AHI) strikes a deal with e-Mersion Media
Advanced Human Imaging Limited (ASX:AHI) informed on Thursday it has signed a binding terms sheet with Melbourne-based e-Mersion Media Pty Ltd.
The agreement will see e-Mersion’s interactive platform deliver the AHI technology via their in-publication portal.
The intention of the deal is to offer the AHI technology for health and health related scans along with apparel sizing directly embedded into the e-Mersion digital magazines for its customers.
e-Mersion will design relevant media assets within the customers’ publications that will include a reader-specific call to action pertaining to the publications target audience.
e-Mersion Media is currently working with organisations such as Formula one World Championships, Goodwood Estate, Retail in Motion et al.
Meanwhile, the stock AHI was trading 5.173% down at AUD 1.100 per share at 1:54 PM AEST.
Top 5 ASX gainers of the day
Qantas (ASX:QAN): Jefferies says look past international flights delay; maintains buy rating
Jefferies says Flag carrier Qantas Airways Limited (ASX:QAN) remains well-positioned even as the Australian government said it's not expecting international travel to resume until mid-2022.
The brokerage has maintained its price target at AUD 5.96 per share, and rating at ‘buy’, as per the refinitiv data.
The Australian government on Tuesday announced international borders are likely to remain closed until mid-2022, even after the country's vaccine roll-out is completed.
QAN on Wednesday said it will adjust its planned international flights from end-October to late-December.
The Brokerage expects Qantas to be cash flow positive in the current half, as well as on-track for its cost out program.
Jefferies stated losses will be significant in 2021 as QAN focuses on stimulating the return of travel, however, challenge is to look past this to the strength of the business longer term.
It mentioned Qantas remains well-positioned with the benefit of the cost out program and the opportunity from the return of international travel.
Meanwhile, the stock has fallen 7.2% this year as of the last close and was trading at AUD 4.400 per share, down 2.223% at 1:00 PM AEST.
Jadar Resources (ASX:JDR) jumps as unit signs deal for up to A$17 million funding
The share price of Jadar Resources Limited (ASX:JDR) gained as much as 7.142% to AUD 0.030.
The Company stated its unit, Minera Wealth Peru S.A.C. has signed a metal streaming term sheet with VCI Holdings for up to AUD 17 million of funding.
It informed that the funding is for development of Peru-based Yanamina Gold Project.
JDR says Minera is to deliver refined gold and silver to VCI Holdings.
The stock has risen 12% so far this year, as of the last close.
Agrimin (ASX:AMN) gains on awarding contract to NRW Holdings’ (ASX:NWH) unit
Shares of Agrimin Limited (ASX:AMN) rose as much as 1.96% to AUD 0.520 each as the festiliser developer announced it has awarded Primero Group, a unit of NRW Holdings (ASX:NWH), the Front End Engineering Design (FEED) contract.
AMN stated FEED contract is for the process plant and associated non-process infrastructure for the Mackay Potash Project in Western Australia.
The stock has risen 12.1% this year so far as of the last close.
Xero (ASX:XRO) slumps after missing FY21 revenue estimate
The share price of Xero Limited (ASX:XRO) declined as much as 11.7% to AUD 119.2 on Thursday.
The Company stated its FY operating revenue increased by 18% to NZD 848.8 million, but missed estimate of NZD 853.3 million, according to Refinitiv data.
XRO stated the impact of COVID-19 was most heavily felt during the first few months of FY21.
As of the last close, XRO has shed 8.1% this year so far.
Meanwhile, the stock was trading 7.726% down at AUD 124.460 per share ta 12:30 PM AEST.
Traffic Technologies (ASX:TTI) acquires ITS Artcraft Business
Traffic Technologies Ltd (ASX:TTI) shared it has struck a deal to acquire the business and assets of the ITS business of Artcraft Pty Ltd. The buyout has happened for a cash consideration of AUD 750,000, the Company informed.
ITS (‘Intelligent Transport Systems’) business deals in the designing, development, manufacturing and supplying of electronic road signages and software systems.
ITS checks traffic and displays crucial news to drivers in a relevant and timely manner so that they can make informed decisions ahead of time. This enables the drivers help create safer and smoother traffic on roads.
ITS is headquartered in Brisbane and boasts of an average revenue over the past three years of approximately AUD 4.9 million.
As per the Company’s release, TTI will be acquiring the business and assets, along with customer contracts, staff, plant and equipment and a finance lease liability.
Meanwhile, the stock TTI was spotted trading 3.773% higher at AUD 0.055 per share at 12:00 PM AEST.
GrainCorp (ASX:GNC) gains substantially on upbeat H1 results, outlook
The share price of bulk grain handler GrainCorp Ltd (ASX:GNC) rose as much as 6.6% to AUD 5.50, eyeing its best one-day gain since 13 November 2020.
GNC has posted 88.9% jump in first half underlying net profit after tax (NPAT) from continuous operations; declared fully-franked interim dividend of 8 cents per share after failing to declare dividend a year ago.
The Company sees FY21 underlying NPAT in the range of AUD 80 million-AUD 105 million as compared to the loss of AUD 16 million posted in FY21.
The Company stated increase in agribusiness earnings were driven by larger crop and raised grain volumes.
GNC added that receivals and exports were materially up due to strong demand for Australian grain and oilseeds.
Meanwhile, the stock was trading 5.620% up at AUD 5.450 per share at 11:25 AM AEST.
Afterpay (ASX:APT) hits over 7-month low as U.S. inflation fears hit growth stocks
The share price of BNPL giant Afterpay Limited (ASX:APT) continued its recent fall and shed as much as 7.5% to AUD 81.85 on Thursday.
The Stock has hit its lowest since 6 October 2020.
APT weighs on Aussie tech stocks AXIJ as they track an overnight sell-off on the tech-heavy Nasdaq IXIC.
Growth stocks such as APT have taken a beating this month as signs of rising inflation in the U.S. have raised concerns that the Federal Reserve could raise interest rates.
APT is down almost 30% so far in May and has nearly halved in value from a record high hit on 11 February 2021.
Meanwhile, the stock was spotted trading at AUD 84.160 per share, down 5.767% at 11:20 AM AEST.
1 million unique visitors reported by Future First Technologies (ASX:FFT) on rural real estate website
Future First Technologies Ltd (ASX: FFT) provided an update on the operating status of its 100% owned rural real estate website – Farmbuy.com, a specialist real estate website listing commercial agricultural properties and rural lifestyle properties for people looking for a move out of more densely populated cities throughout Australia.
Properties listed on Farmbuy.com have an estimated total value in excess of AUD 1.5 billion and audience numbers have grown strongly. Unique visitors to the website are up an impressive 107% year-on-year to over 1 million.
The unique audience is now generating almost 7.0 million page views per annum.
Meanwhile, the stock was spotted trading at AUD 0.070 per share at 11:16 AM AEST.
Colonial Pipeline resumes operations
Source: © Kodym | Megapixl.com
The United States' key artery for fuel transportation, the Colonial pipeline, has finally resumed operation on Wednesday after a cyberattack last Friday that disrupted the US Energy infrastructure.
- The attack has created chaos and induced panic buying in the regions that were triggered by the outage.
- The disruption caused by the attack has halted nearly 2.5 million bpd fuel shipments and created a supply crunch in the Southeast US, bringing long queues at gas stations amid peak summer season.
- The markets served by the Colonial pipeline may face supply interruptions due to halted operations that created a supply crunch. However, the management has assured that the pipeline would transport as much fuel in the market to get back the situation to the normal level.
- Most gas stations in Atlanta, North Carolina, Georgia and South Carolina were running out of fuel due to the ongoing outage.
- The crisis boosted gasoline demand and pushed national average gasoline prices above US$3.0 per gallon, the highest since 2014.
ASX 200 today: How US inflation concerns weighed on Australian shares?
Sparc Technologies and its CEO get shareholders acquainted with a strategic review of SPN
Sparc Technologies Limited (ASX:SPN) provides update on a strategic review of SPN’s core business activities and market opportunities, led by Mr Mike Bartels, Chief Executive Officer of SPN.
The review results primary ensured that business activities are in alignment with opportunities linked directly to near term market outcomes and deliverables.
Mr Bartels, who joined the Company as its new CEO on 1 March 2021, highlighted that Sparc’s primary focus is on commercialising graphene technologies and products backed by strong R&D.
The Company is confident on adding significant value to its chosen market sectors including Industrial Materials, Sustainability & Remediation and Health.
The company will emphasise on collaborating both domestically and internationally, with Research institutes, Industry Partners and Customers as Graphene represents an emerging market.
SPN shares last traded at AUD 0.245 at 11:11 AM AEST.
Redcape Hotel Group (ASX:RDC) announces upgrade to FY21 guidance
Redcape Hotel Group Management Ltd, as responsible entity of Redcape Hotel Group (ASX: RDC) has announced continuation of strong trading in the third quarter.
The company has upgraded its Underlying Earnings from 9.7 cps to 10.2 cps, with Q4 distribution of AUD 2.67 cps versus 1.83 cps in previous guidance backed by an annualised yield of 8.3%for year ended 30 June 21.
RDC shares traded at AUD 1.010 at 10:50 AM AEST.
Oil sees the best day in 8-weeks amid robust economic recovery
Source: © Lkeskinen0 | Megapixl.com
Crude oil prices climbed to eight-week high levels yesterday on signs of robust economic recovery and tumbled US crude exports.
- June delivery Brent crude oil futures traded at US$69.0 per barrel up 0.09 per cent as of 13 May 2021 at 9:57 AM AEST. At the same time, June delivery WTI crude oil futures tumbled 0.59 per cent and traded at US$65.69 per barrel.
- The crude oil exports tumbled to nearly 1.8 million bpd, the lowest since October 2018. The drop in export acted bullish for crude oil that popped up the oil trade.
- Last Tuesday, OPEC raised its crude oil demand forecast by 200,000 bpd compared to last month amid a strong recovery in COVID-19 cases in the US and China, outweighing India's damp demand due to a surge in COVID-19 cases.
- The prices were also supported by the supply concerns due to an ongoing outage in the Colonial pipeline that transports nearly 2.5 million barrel of fuel per day, followed by a cyberattack last Friday.
Perenti (ASX:PRN) tracks worst day in over a year on weak H2 earnings view
Shares of Perenti Global Limited (ASX:PRN) slumped almost 20% to A$0.78, marking it as its worst performing day since March 23, 2020
According to Perenti, H2 2021 earnings are expected to be "softer" than H1 because of negative impact in the labour marked caused bby COVID-19 disruptions.
PRN shared are trading at AUD 0.770 at 10:39 AM AEST.
Brookside (ASX:BRK) gets listed on Frankfurt Stock Exchange, shares open strong on the ASX
Brookside Energy Limited (ASX:BRK) shared it has started trading on the Frankfurt Stock Exchange
(FSE) under the ticker (FWB:8F3).
The dual listing on the FSE will be supporting the Company’s strategy to broaden its overseas investor base at a time when global oil prices are rebounding, the official announcement read.
The Company also stated that it has reached a critical milestone with the starting of drilling of the high-impact Jewell Well in the SWISH AOI in the Anadarko Basin, Oklahoma, USA.
The European listing will let the company’s shares trade in Euro currency and facilitate investment from institutional and retail investors across the EU.
Meanwhile, the shares of the Company on the ASX were quoted at AUD 0.026 per share at 10:30 AM AEST.
Aventus Group (ASX:AVN): Jefferies sees MacGregor Home sale accretive, lifts price target
Financial research firm Jefferies has raised the price target to AUD 3.20 from AUD 3.07 and has maintained the rating on asset manager Aventus Group (ASX:AVN)
AVN on Wednesday said it will sell MacGregor Home, Queensland for AUD 42.15 million to Stirling Property, reflecting a 56% premium to the December-20 book value of AUD 27 million.
Jefferies expects upside in AVN with strong underlying fundamentals, and FY21 guidance implying a 5.9% distribution per security yield and 15.3 times Price to Funds From Operations multiple.
The Brokerage sees FY21 Net profit of AVN to be about AUD 104.6 million as compared to AUD 96 million as reported in FY2020.
Meanwhile, AVN was spotted trading at AUD 2.920 per share at 10:15 AM AEST.
CSR (ASX:CSR) declares full year profit of A$146.1 million, up 17%
ASX 200-listed firm CSR Limited (ASX:CSR) announced its full year net profit after tax (NPAT) of AUD 146.1 million, an increase of 17%.
The robust result reflects improved performance in Building Products and increased Property contribution.
- The EBIT in Building Products was recorded to be AUD 184.3 million up 8%.
- The EBIT in Property was marked to be AUD 54.2 million after the completion of the next stage at the Horsley Park industrial development.
- The EBIT in Aluminium sector was AUD 23.4 million, lower from AUD 59.6 million.
- The Company also declared final dividend of 14.5 cents per share. It should be noted that last year, there was no final dividend declared due to COVID-19.
- A special dividend of 9.5 cents per share declared following settlement of the Property sale at Horsley Park.
- Operating cash generation recorded was AUD 253 million, up 3%. Net cash position of AUD 251 million at year end.
CSR shares last traded at AUD 6.610 each.
QX Resources Limited (ASX:QXR) raises AUD 1 million to ramp up exploration activities
QX Resources Limited (ASX:QXR) announced firm commitments received from sophisticated and institutional investors to subscribe for a placement of 70 million shares at AUD 0.015 each, amounting to AUD 1.05 million before costs (Placement).
The company also announced a share purchase plan to raise up to AUD 2.0 million in which by Australasian Capital Pty Limited will partially underwrite AUD 600K.
Combined proceeds are expected to accelerate exploration activities QXR’s Queensland based prospective gold projects.
QXR shared last traded at AUD 0.017 each.
Techgen Metals (ASX:TG1) received Assay results from its El Donna gold project drilling program
Techgen Metals (ASX:TG1) has received composite assay results from its RC drilling program completed in April in El Donna gold project.
8 holes were completed at the El Donna 7 Prospect, while 3 holes were completed at the Star Prospect
Zones of gold mineralisation correspond with logged intervals of alteration and veining.
TG1 Shares last traded at AUD 0.250 each.
Tassal Group (ASX:TGR) acquires 800-hectare Mid Farm, boosting prawn production
Tassal Group Limited (ASX:TGR) acquired 800-hectare Mid Farm adjacent to its Northern Queensland based Proserpine prawn farm and Billy Creek property
The acquisition is expected to assimilate its farm holdings, now called as Proserpine farming precinct, boosting future prawn production.
Tassal Group shares last traded at AUD 3.66 each.
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