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Integrated Payment (ASX:IP1) signs master service agreement with Consortio
The ASX-listed software and service company Integrated Payment Technologies Limited (ASX:IP1) announced today that it has entered into a Master Services Agreement with Consortio Pty Ltd. Therefore, the Wrkr READY onboarding solution will be immediately available to Consortio for their customers.
The agreement is strategically important for the Company as it delivers on the corporate mission to simplify compliance and unlock value for workers and their employers until their retirement.
Meanwhile, on the ASX, the IP1 stock closed at AU$0.024 per share today.
HITIQ (ASX:HIQ) enters share purchase agreement with CSX
ASX-listed healthcare equipment developer HITIQ Limited (ASX:HIQ) announced that it has entered into a Share Purchase Agreement to acquire all of the issued shares in CSX Limited.
The acquisition will help HIQ to achieve an accelerated pathway for the development of its technology platform. It will also enable HIQ to operate in a new and diverse market and improve functionality to strengthen and differentiate HITIQ's value proposition.
Meanwhile, on the ASX, the HIQ stock closed 5.882% higher at AU$0.180 per share today.
SkyCity (ASX:SKC) to reopen Auckland facilities following COVID-19 safety measures
The ASX-listed consumer service firm SkyCity Entertainment Group Limited (ASX:SKC) shared that the Company will be reopening its casinos, entertainment and accommodation facilities in Auckland from 3 December 2021 onwards.
The Company took this big step after the New Zealand government announced the updated COVID-19 restrictions effective 2 December 2021. Under the new COVID-19 framework, Auckland would fall under the ‘red’ zone.
As the government announced, the new COVID-19 framework would allow every public facility to be open for vaccinated individuals in every zone (red, orange, green).
Meanwhile, on the ASX, SKC closed 1.930% lower at AU$3.050 per share today.
Nickel Mines (ASX:NIC) signs MoU with Shanghai Decent Investment Group
The ASX-listed nickel ore producer Nickel Mines Limited (ASX:NIC) shared that it has signed a multi-faceted MoU with Shanghai Decent Investment (Group) Co., Ltd. The MoU aims to set out a framework for future collaborations between the parties over the coming years.
The MoU allows NIC to acquire a 70% interest in four next-generation rotary kiln electric furnace lines within the Indonesia Morowali Industrial Park.
Meanwhile, on the ASX, the NIC stock closed 7.983% higher at AU$1.285 per share today.
Centuria REIT (ASX:CIP) settles 6 acquisitions for A$187M
ASX listed industrial REIT, Centuria Industrial REIT (ASX:CIP) has settled a whopping number of acquisitions, it announced today. CIP settled six industrial acquisitions worth a combined value of AU$187.4 million.
The assets include those located in-
- Gregory Hills in New South Wales, Fulton Drive, Derrimut, in Victoria and Cooper Plains in Queensland
Details of these were announced back on 8 November 2021.
- Other three were Port Melbourne, in Victoria, Gravel Pit Road, Darra in Queensland and in Welshpool Western Australia. Details of these were previously announced on 23 September 2021.
After acquisitions, CIP’s portfolio has now inflated to 79 high-quality industrial properties, making it worth AU$3.6 billion.
However, CIP shares have closed trade at AU$3.720 per share, down 0.269% from previous close.
Dexus (ASX:ADI) acquires QLD-based Narangba property
The ASX- listed real estate firm Dexus Industria REIT (ASX:ADI) announced that it has secured contracts to acquire 9 Boron Street, Narangba, QLD and has settled on the acquisition of its 33.3% interest in Jandakot Airport, Perth, WA.
ADI has secured the Narangba property for AU$44.5 million, which has reflected an attractive initial passing yield of 5.3% and is 100% leased to Sandvik Australia Holdings Pty Ltd.
Meanwhile, on the ASX, the ADI stock closed 3.013% lower at AU$3.220 per share today.
Here’s why Skydive Australia (ASX:IDZ) closed 33% strong today
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The ASX-listed consumer service provider Indoor Skydive Australia Group Limited (ASX:IDZ) announced today that FREAK Entertainment has opened its fourth venue at Macquarie Centre in Sydney.
IDZ stated that Macquarie Centre is a famous shopping centre in Sydney. The centre offers service to corporate headquarters, Macquarie University and a large number of the local population. The centre is near railways, buses, and the new Sydney metro. FREAK has been positioned on level 4, near Timezone, cinemas and dining.
FREAK Macquarie outlet exclusively incorporates its signature free roam VR Arena, with Arizona Sunshine Arena and Ghost Patrol games. Additionally, the venue will also feature Assassins Creed themed VR escape rooms and a VR Arcade.
Meanwhile, on the ASX, the IDZ stock closed 33.333% higher at AU$0.060 per share today.
Australia to take back students and skilled workers in December
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Starting December, Australia will allow foreign visa holders to enter its borders. Prime Minister Scott Morrison today has pushed further Australia’s restart to international travel.
Federal Government relaxed the rules in past weeks to allow citizens’ foreign family members in Australia. But, now M Morrison has scaled up the entry from 1 December 2021, allowing vaccinated students, business visa holders and refugees into its territory. However, they may still be undergoing quarantine depending on the landing state’s policy.
Prime Minister has also announced categories including people on skilled visas, student visas, refugee visas, humanitarian visas and working holiday visas. The Government is therefore anticipating the arrival of 200,000 travellers in the coming months.
PM Morrison has termed border easing as a ‘major milestone in its pathway back’.
Anteris Technologies (ASX:AVR) closes 12% up today
The ASX-listed healthcare equipment developer Anteris Technologies Limited (ASX:AVR) shared that it has successfully implanted five TAVR patients with DurAVR Valve.
This is the first-in-human (FIH) study to analyse the efficacy of DurAVR THV system for treating severe aortic stenosis. The study was carried out at the Tbilisi Heart and Vascular Clinic in Georgia. To conclude the investigation, AVR will further implant TAVR in another five patients in the first quarter of 2022.
Meanwhile, on the ASX, the AVR stock closed 12.612% up at AU$10.000 per share today.
Black Canyon (ASX:BCA) commences drilling at Flanagan
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The ASX-listed manganese explorer Black Canyon Limited (ASX:BCA) announced that it has begun drilling activities at Flanagan Bore in Pilbara, Western Australia. BCA has informed that it has designed the drilling program to extend the recently announced LR1 Inferred Mineral Resource Estimate of 15Mt @ 11.3% Mn.
The Company also stated that this program will target outcropping manganese enriched shales identified around a significant fold structure, with at least 10km of strike potential that may significantly expand the mineralisation footprint.
Meanwhile, on the ASX, the BCA stock closed 6% higher at AU$0.265 per share.
Why is Emyria (ASX:EMD) trading strong today?
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The ASX-listed healthcare company Emyria Limited (ASX:EMD) announced that it has successfully issued an AU$5 million share placement o strategic investor Tattarang.
EMD will issue 20 million shares under the placement at a price of AU$0.25 per share. Moreover, Tattarang will hold an interest of approximately 7.3% in Emyria after completing the placement.
EMD stated that it will use the raised funds to accelerate synthetic cannabinoid registration programs with the TGA and FDA and enhance its novel MDMA-analogue development program with the University of Western Australia.
Meanwhile, on the ASX, the EMD stock was spotted trading 18.461% higher at AU$0.385 per share at 1:51 PM AEDT.
ASX down 0.4% by mid-session; travel stocks fall on COVID-19 concerns
Australian shares started the week on a bearish note following weak cues from the European and US markets as the resurgent of coronavirus cases threatens to disrupt global economic recovery. The ASX 200 benchmark index stayed under stress by mid-session amid broad-based selling across sectoral indices.
The local travel companies such as Corporate Travel Management and Flight Centre witnessed selling pressure due to fear of further lockdowns across Europe. While full lockdown has been imposed in Austria from today, Germany is also mulling the same. The persistent concerns over inflation also kept investors sidelined.
The ASX 200 index was down by 26.60 points or 0.36% at 7,369.90 by mid-session. The benchmark index opened lower, mirroring weakness in global markets, and declined as much as 0.8% during the day’s trade so far.
On the sectoral front, six of 11 sectors were trading?lower. The energy sector was the worst performer with 1.8% loss,owing to fall in crude oil prices. Financial sector and tech sector were also reeling under selling pressure with a 0.9% loss. Among others, telecom and industrial space also traded lower with marginal losses.
Meanwhile, consumer staples was the best performing sector with a 0.3% gain. Material, health care, A-REIT, and utilities also saw some buying.
The worst performer on the ASX pack was Australia’s largest retail travel outlet Flight Centre Travel Group (ASX: FLT), which traded 4.5% lower. Some of the other notable losers were oil producer Beach Energy (ASX:BPT), property business Unibail-Rodamco-Westfield (ASX:URW), gold miner Silver Lake Resources (ASX:SLR), and software business Technology One (ASX:TNE).
On the gaining side, mining company Nickel Mines (ASX:NIC) topped the chart by rising 6.1% by mid-session. The other top performers were minerals explorer Orocobre (ASX: ORE), resource company Lynas Rare Earths (ASX:LYC), lithium miner Pilbara Minerals (ASX:PLS), and mining infrastructure services provider Mineral Resources (ASX:MIN).
Peet (ASX:PPC) acquires University of Canberra property
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The ASX-listed real estate company Peet Limited (ASX:PPC) announced that it has acquired approximately 15 hectares of land from the University of Canberra in Belconnen, ACT, for circa AU$67 million. However, the land acquisition is subjected to the ACT government approval of a crown lease, with the purchase price expected to be paid in instalments over seven years starting from 2022.
Additionally, PPC has also signed an option agreement to acquire a further 6.2 hectares of land from Canberra University, with the option exercisable between 1 January 2027 and 21 December 2030.
Meanwhile, on the ASX, the PPC stock was spotted trading 2.728% lower at AU$1.070 per share at 12:45 PM AEDT.
Here’s why NEXTDC (ASX:NXT) is in news today
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Sovereign Cloud Holdings Limited announced today that it is undertaking an equity raising, comprising of a placement to NEXTDC Limited (ASX:NXT) to raise a total approximately AU$35 million.
AUCloud’s pro forma net cash position will increase to AU$41.5 million as 31 October 2021. Equity Raising to be conducted at $0.50 per new share. NEXTDC will become a new Strategic Investor (19.99%) and Partner.
Meanwhile, on the ASX, the NXT stock was spotted trading a tad bit higher at AU$12.690 per share at 12:15 PM AEDT.
ADX Energy (ASX:ADX) to secure a partially funding agreement
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The ASX-listed oil and gas producer ADX Energy Ltd (ASX:ADX) shared that it has signed a farm-in agreement with Xstate Resources Limited to partially fund the drilling of the Anshof prospect in ADX-AT-II exploration license in Upper Austria.
According to the terms of the agreement, Xstate will fund 40% of the Anshof well drilling expenditure up to a cap of EUR 1,800,000 million. In addition, it will help Xstate to earn a 20% equity interest in the Anshof Prospect Area.
However, the funding is subjected to an election and Xstate has got three months to carry out the election and participate in the funding.
Meanwhile, on the ASX, the ADX stock was spotted trading 8.334% lower at AU$0.011 per share at 12:15 PM AEDT.
Clean TeQ (ASX:CNQ) strikes distribution deal with NESR
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The ASX-listed commercial and professional service provider Clean TeQ Water Limited (ASX:CNQ) announced that it has signed an exclusive distribution agreement with the National Energy Services Reunited Corp.
NESR is one of the largest oilfield services providers in the Middle East, North Africa, and the Asia Pacific regions. It is listed on NASDAQ. In addition, NESR has established a Water Conservation and Management business focused on improving water availability and reuse in the oil and gas sector.
The agreement will help CNQ promote its unique water treatment and reuse solutions to Oil and Gas companies in the Middle East.
Meanwhile, on the ASX, the CNQ stock was spotted trading 3.409% higher at AU$0.910 per share at 11:18 AM AEDT.
Crude oil tumbles on Europe’s COVID-19 surge
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Crude oil prices tumbled during the early trade sessions on Monday, extending their big losses on Friday after Japan confirm on the weekend that it is considering options to release oil from reserves to cool down prices.
January delivery Brent Crude oil futures last traded at US$78.25 per barrel down 0.28%, whereas January delivery WTI crude oil futures traded 0.75% down at US$75.37 per barrel as of 22 November 2021 at 11:42 AM AEDT.
The Prime Minister of Japan, Fumio Kishida on Saturday stated that he was ready to help counter rising oil prices followed by a request from the US to release oil from its strategic reserves. On the flip side, Japanese laws only allow reserves to be tapped in case of any natural calamity or supply constraint.
ase crude oil from their reserves to cool down oil prices.
ASX 200 falls at open as COVID-19 is making a comeback in Europe
The Australian share market opened this week on a negative note, trying to snap a two-day winning streak, as renewed worries over the resurgence of COVID-19 cases in Europe, spreading at an alarming rate has dampened risk appetite. The ASX 200 quickly shed 0.6% to 7,351 in early trade.
The Nasdaq Composite ended Friday’s session at a record high, however blue-chip stocks and crude oil ended lower amid concerns about COVID-19 in Europe, which also supported safe haven assets including the US dollar.
As of 11:00 AM AEST, the benchmark index hadn’t shown any signs of recovery as the index fell further to a low of 7337, losing 0.79%. The ASX All Ordinaries index was trading 0.58% down to 7,684. The A-VIX shot up 2.1% as the equity market kept falling.
On the sectoral front, it is the worst start of the week, with all 11 sectors taking a hit as investors worry over the COVID-19 resurgence. The Energy sector is losing the most, shedding 1.91%, followed by a 1.21% fall in the technology space. The A-REITs and telecom sectors were also facing a fall of over 1% each.
Silver Lake (ASX:SLR) secures forbearance agreement with Canadian miner
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ASX-listed gold production firm Silver Lake Resources Limited (ASX:SLR) announced the acquisition of credit facilities in forbearance offered to the Canadian mining firm, Harte Gold, from the French bank BNP Paribas.
SLR shared that it has acquired the US$63.3 million fully drawn credit facility having US$2.3 million interest which had been in forbearance since July. The loaned money is secured first by SLR due to the first lien on all Harte Gold present and future assets, property and undertakings and is guided by the forbearance agreement valid till the end of the month.
Meanwhile, on the ASX, the SLR stock was spotted trading 3.218% lower at AU$1.805 per share at 10:15 AM AEDT.
Mesoblast(ASX:MSB) signs a US$90M debt deal with Oaktree
Australian cellular medicine company Mesoblast Limited (ASX:MSB), has inked a deal with Oaktree Capital Management, L.P. for refinancing its existing debt facility. Under the contract, a new US$90 million debt has been provided by Oaktree.
MSB has already drawn the first tranche of US$60 million, which it used to repay the outstanding balance of a debt facility with Hercules Capital, Inc. The remaining US$30 million may be drawn on or before 31 December, 2022.
Oaktree has provided the debt facility for a three-year interest only period, at a rate of 9.75% per annum.
After three years 40% of the debt principal will amortise over two years and a final payment will be due in November 2026.
Oaktree in return will receive warrants to purchase 1,769,669 American Depositary Shares (ADSs) at US$7.26 per ADS, exercisable within 7 years of issuance.
Meanwhile, on ASX, MSB shares are trading up, at AU$1.725 per share as of 11:00 AM AEDT.
AMP Limited (ASX:AMP) to continue as manager of AWOF
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ASX-listed Company which provides financial management services AMP Limited (ASX:AMP) announced on Monday that the Trustee Board for AWOF to continue as trustee and manager of the fund. According to the Company, the decision is in the best interests of unitholders as a whole for AMP Capital.
The announcement revealed that the Trustee Board, based on advice by an Independent Advisory Committee (IAC) as well as external legal & financial advisers, reached at the decision following a comprehensive evaluation of management proposals obtained from AMP Capital along with two other shortlisted competitors.
The Company revealed that AMP Capital will continue as AWOF’s manager and execute various changes under its proposal, this includes governance of the fund, raised manager alignment and reduced fee arrangements.
Today, the stock AMP was spotted trading 3.303% higher at AU$1.172 per share on ASX at 10:59 AM AEDT.
ASX 200 to fall after mixed US closing
Australian shares are expected to open in the red on Monday after a mixed end to Wall Street last week. The domestic stocks are also likely to remain under pressure as renewed concerns about resurgence of COVID-19 cases in Europe may dampen risk appetite.
According to the latest SPI futures, the ASX 200 is expected to open the day 45 points or 0.6% lower. The benchmark rose 0.2% on Friday.
The Dow Jones ended last week down 0.75%. The S&P 500 lost 0.14%, while the NASDAQ added 0.4% and closed above 16,000 for the first time. The MSCI world equity index fell 0.28%.
Meanwhile, investors were concerned about renewed lockdowns in Europe, after Austria announced new restrictions to deal with surging cases and fears Germany could follow suit.
- 2-year yield: US 0.51%, Australia 0.63%
• 5-year yield: US 0.22%, Australia 1.37%
• 10-year yield: US 1.55%, Australia 1.80%, Germany -0.35%
- 2-year yield: US 0.51%, Australia 0.63%