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How Is Australia Emerging Through The Changing Landscape Of Trade Between The US And China?

Relations between the global super powers – the U.S. and China have deteriorated over trade barriers and South China sea war. This turns out to be dangerous for Australian equation with both its ally economies, considering Aussie’s stand on many occasions, against China’s use of coercion and aggression in cold war situation with US. There has been a rising trade related dispute between the US and China slapping series of imports tariffs on each other. US has been accusing Chinese counterparts over rising trade imbalances, unfair trade practices, rusted international agreement, infringement of intellectual property rights, US technology theft and non- tariff barriers insulating critical sectors from foreign competition. It was just lately when a deal has been struck between two global giants facing a growing squabble over trade disputes, wherein US tariffs would remain unchanged at 10% for 90 days to be able to reach to a trade agreement before raising it to 25%. Also, the tension over the last several years, between the two nations regarding South China Sea’s access and dominance is not hidden from the world. US is in cold war with China over latter’s militarization over the sea and has a keen eye over sea’s rich oil & petroleum resource, economic interests as well as naval dominance. Click Here To Get Know More  Read the full article

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Altria Group In Talks With Cronos Regarding A Potential Investment

As per the recent market news, it has been speculated that Altria Group which is the owner of companies like Philip Morris USA, John Middleton Co and many other companies which are involved in the manufacturing of smokable products, smokeless products, and wine, may acquire Canadian cannabis producer Cronos. Cronos, a globally diversified and vertically integrated cannabis company, has confirmed that it is involved in discussions regarding a potential investment by Altria Group Inc. (NYSE: MO) in Cronos Group (NYSE: CRON). However, as of now, no agreement has been made regarding any such transaction and there is no surety that these discussions will lead to an investment. Following the release of this news, the share price of Cronos increased by 11.15 percent on NYSE as on 3 December 2018. Meanwhile, the share price of Altria Group also witnessed some improvement with share uplifting by 1.64 percent on NYSE as on 3 December 2018.  Read More  Read the full article

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3 ASX 200 Stocks Under The Limelight - EHL, AOG And ORA

Emeco Holdings Limited (ASX: EHL) By the end of the trading on 30 November 2018, the market price of EHL went down by 1.521%. With the market open, the stock price of EHL was A$2.660. It went as high as A$2.780. The lowest price recorded for the day was A$2.550. The last price of the share was A$2.590 with the stock reported a market capitalization of A$850.05 million. Company performance is responsible for the share price to go down.  The industrial sector as a whole is impacted globally. As per S&P/ASX 200 Industrials (Sector), there is a fall in the index by 1.24%. This stock came into limelight on 29 November 2018. This share has gone up by 3.5% as a result of share consolidation in the ratio of 10:1 as well as outstanding performance in FY2018. Since its inception, the performance of the company is -59.43%. The one year and five years performance of the company remains positive. In 5 years, the performance of the company is 35.41%. Since last year, the performance of the company is 6.50% Aveo Group (ASX: AOG) By the end of the trading on 30 November 2018, the share price of AOG increased by 4.294% which is equivalent to 0.007 points. With the market open, the market price of the share is A$1.625. It went as high as A$1.705. The lowest price recorded for the day was A$1.592. The last price of the share was A$1.700 with the stock reported a market capitalization of A$580.84 million. One of the reasons for an increase in the share price was due to the recent strategic review update. According to this update, AOG and Merrill Lynch have united to encourage inquiries from the investors who want to enter into the transaction with the Aveo group either as a whole or through partnership at the asset level. The company had an approval from the Independent board of committee to release Information Memorandum followed by the opening of phase 1 data room. Also, as per the chart, the trend represents the upward trend of the share price. Click Here and Get the Full Report  Read the full article

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Dow Jones Witnesses A Rise: A Look At Factors That Helped

It seems like the market participants can now take a sigh of relief as the positive momentum was witnessed in the markets. However, the market players still need to watch out that for how long it would prevail. On November 28, 2018, the Dow Jones Industrial Average ended the day at 25,366.43 which implies the rise of 617.70 points or 2.50%. The primary reason which supported the increase in the Dow Jones is the speech by the Chairman of the US Federal Reserve named Jerome H. Powell. The chairman reflected favourable views with respect to the price stability as well as employment levels. As per the chairman, the inflation is presently close to the Fed’s 2% target. Another information which was expected by the market players was related to the outlook for the interest rates. As per the Federal Reserve, the interest rates are presently at the levels which are lower when compared with the historical standards. The chairman further commented that the rates are just below the neutral level. This tone of the US Federal Reserve has been widely anticipated as “dovish” by the market players. Therefore, it seems like the US economy is expected witness slower rate increases moving forward. The stock price of Citigroup Inc. (NYSE: C) settled at US$65.58 per share which reflects the rise of US$2.12 per share or 3.34%. However, stocks like Morgan Stanley (NYSE: MS) and JPMorgan Chase (NYSE: JPM) ended the session on November 28, 2018 by witnessing the rise of 2.86% and 1.11%, respectively. Oil Market Participants Are Still Worried About Oversupply Concerns. Click Here to Read the Full Report. Read the full article

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Why Are Mayne Pharma Shares Bleeding?

Mayne Pharma’s stock are on fire in the early trade today despite the company announcing the positive start to the financial year 2019. Chief Executive Officer of Mayne Pharma Group Limited (ASX: MYX), Scott Richards unleashed the trading update at the company’s Annual General Meeting held on Thursday, 29 November 2018. Mr. Richards said that the group’s revenue for four-month year to date ended October 2018 has gone up by 21% to $183 million compared to the previous corresponding period. Get to Know More . Read the full article

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2 IT Stocks That Investors Are Watching - BUD And IFM

While tech stocks at the global level have seen a fluctuating trend lately, the scenario at the domestic front has been no different. Below are 2 IT sector stocks which have gained some attention with new deals but are still sailing in different boats when it comes to price movements. Buddy Platform Ltd (ASX: BUD) Buddy Platform Ltd (ASX: BUD) is a leader in IoT and cloud-based solutions for making spaces smarter and it is involved in the process of providing simple, affordable and engaging solutions for its customers. On 28 November 2018, the company announced that it has signed a new Statement of Work under its existing Master Services Agreement with Airstream, Inc to extend its relationship with Airstream. It is expected that this new Statement of Work will provide for the deployment of Buddy Cloud technology into new Airstream vehicle lines. It will also provide for updates and new features in existing Airstream vehicles. Following the release of this news, the share price of the company fell by 4.762 percent as on 28 November 2018. Read More     Read the full article

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Afterpay Welcomes AISC Recommendation On The Extension Of Product Intervention Power To All Credit Facilities

On 28 November 2018, Australian Securities and Investments Commission (ASIC) released its first review of the rapidly growing buy now pay later industry in which it highlighted the risks associated with this industry and provided its recommendations. According to the ASIC review, the spending habits of consumers, especially younger consumers are getting affected by the buy now pay later arrangements. As per ASIC Commissioner Danielle Press, many consumers enjoy using buy now pay later arrangements and they are planning to continue using these arrangements, however, these arrangements could cause some consumers to become financially overcommitted and liable to pay late fees. Due to the potential risks to consumers in using these products, the Australian regulator is supporting the extension of its proposed product intervention powers to all credit facilities regulated under the Australian Securities and Investments Commission Act. Due to the exponential growth in the buy now pay later industry and risks associated with it, this industry will remain an area of ongoing focus for ASIC. To develop a broad understanding of buy now pay later industry, ASIC reviewed six companies which include Afterpay Touch Group Limited (ASX: APT). Read More Here  Read the full article

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3 Stocks Moving Up - PO3, ARE And MAG

By rallying up to one percent, S&P/ASX 200 posted a week-high which is led by strong gains on wall street and heavyweights on the index. Here are three stocks closing in green and moving up with the markets bouncing back and giving investors and market watchers some relief. PURIFLOH LIMITED (ASX: PO3) – The net operating cash-flow deficit for the 12 months to 30 June 2018 was $624,477 as compared to 12 months to 30 June 2017 of $73,254. At a price of $0.3438 to convert a further $138,600 to equity as at 29 June 2018, the company also issued a further 403,144 shares. Reflecting increasing activity and operating expenses from previous years the company has reported a net loss for the 12 months to the year ending 30 June 2018 of $645,453. From $6,281 in 2017 to $133,803 in 2018, the cash and cash equivalents have increased at the end of the financial period of June 30, 2018. At current market price the market capitalization is $103.56 million. The stock over the past one year has witnessed a performance change of 1169.23%.   ARGONAUT RESOURCES NL (ASX: ARE) – The current assets on June 30, 2018 stand at $5,479,816 while total current liabilities at $753,659 which signifies its ability to pay short term obligations. The cash and cash equivalents at the end of the financial year is $5,335,855 which has improved significantly form the corresponding previous period. The group has incurred net losses after tax of $2,529,286 as compared to 2017 loss of $2,070,049 and net cash outflows from operating and investing activities of $2,712,925 compared to 2017 of $1,810,636 for the year ended 30 June 2018. The group is also reviewing various capital raising opportunities to meet its capital requirements. At current market price the market capitalization is $27.98 million. The stock over the past one year has witnessed a performance change of -33.33%. Read More Here Read the full article

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What Santos Expects On Completing The Acquisition Of Quadrant Energy?

Santos completes the acquisition of 100% of Quadrant Energy Holdings Private Limited today at a purchase price of US$2.15 billion. The news comes after the ACCC approved the transaction on 16 November 2018. As per today’s market announcement, Santos Limited (ASX: STO) has paid US$1.93 billion on completion that was fully backed by the Santos’ existing cash resources and US$1.2 billion of new debt facilities. Santos’ acquisition-led growth strategy underscores the takeover of Quadrant that will significantly increase the production and supply of natural gas and crude oil in Western Australia. The management told that biggest advantage of the transaction is associated with the diversification of Santos revenue as Quadrant’s CPI-linked offtake agreements will provide strong and stable cash flows to the combined group, especially at the time of oil price fluctuations. Quadrant holds the portfolio of high-margin conventional domestic natural gas assets along with highly prospective Bedout Basin and the recently discovered oil well at Dorado. Santos eyes the acquisition to be value accretive for Santos shareholders with approximately 17% estimated free cash flow accretive on every share held for the complete year. With the combined synergies of these two natural gas and oil producers, proforma production of Santos is expected to go up by ~31% while its proforma 2P reserves is anticipated to increase by ~26%. Know More Here ...  Read the full article

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Bitcoin Crashes Below US$4000: All That You Need To Know

Bitcoin continue to witness the biggest slump of the year. After the Bitcoin price first traded below US$4000 on Sunday, it fell straight to US$3,582.72 in early trade on 27 November 2018. Bulls in the digital currency markets are hit by the massive cryptocurrency crash that underscores more than 81% steep loss from the highest level of around US$19,059 that Bitcoin was trading at in December last year. This meltdown underscores the biggest plunge in the digital currency markets over the past 12 months. First, the Bitcoin price fell below US $6,000 in mid-November, then it traded under US $5,000 in the third week of November, and now it is hanging below the US $4,000. Since the Bitcoin price has touched the lowest levels of US$3,500, it would not be a surprise to see it trading below US $3,000 as there is buzz of further sell-off in the market.  Other virtual currencies like Ether and Ripple joined the Bitcoin-led bloodbath. As per coinmarketcap.com, Ethereum has gone down more than 77% over the past 12 months, currently trading at USD $105.85 (27 November 2018; 11:56 AM AEST). Whereas, Ripple trading through its peak of USD $0.51 in November 2017, nosedived to USD$0.32 on Sunday. Read Full Report Here . Read the full article

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SEEK Limited Made No Changes To Short-Term Guidance, Stock Inches Up Post AGM

SEEK Limited (ASX: SEK) held its Annual General Meeting (AGM) on 27 November 2018. The company’s Chairman Mr. Neil Chatfield addressed the shareholders at the AGM, following which the company’s CEO Mr. Andrew Bassat presented the key information and updates. Following the AGM, the share price of the company increased by 1.64 percent as on 27 November 2018 (AEST 1:20 PM). While addressing the shareholder at the AGM, the chairman informed about another successful year of the company in which the company made strong progress against both its strategic and financial objectives. The Chairman further informed about the Strategic highlights of the company which include the formation of a new organizational structure for better growth in future, the building of world-class product and technology, strengthening of market share in key markets and executing on key transactions. Talking about the financial strength of the company, he informed about the strong underlying financial results which the company achieved in 2018. Read More ! Read the full article

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FPH’s Shares Uplifted On ASX After Reporting 20% Increase In Net Profit For H1 2019

On 26 November 2018, Fisher and Paykel Healthcare Corporation Ltd (ASX: FPH) announced its H1 2019 results, following which the share price of the company increased by 1.221 percent. The company reported that its Net profit after tax increased by 20 percent to NZ$97.4 million in H1 2019 as compared to the H1 2018. Further, the operating revenue of the company increased by 12 percent to NZ$511.3 in H1 2019 as compared to the previous corresponding period. In the first half of FY 2019, the Gross margin of the company increased by 77 basis points to 66.8 percent mainly due to favorable product mix and Mexico manufacturing. In the first half, the investment in R&D was NZ$45.7 million which was 9 percent of the revenue. As per the company’s Managing Director and CEO Mr. Lewis Gradon, the company is on track, with its core product groups delivering a 12 percent increase in revenue and the company’s new F&P 950 heated humidification system for neonates is performing well in New Zealand and Australia. Further, the company is looking forward to the release of the 950 in Europe next year. To be Continued.... Read the full article

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What You Need To Know About The Partnership Between Fortescue And CSIRO

Recently, Fortescue Metals Group’s (ASX: FMG) Chairman as well as Founder named Andrew Forrest AO shook hands with the Commonwealth Scientific and Industrial Research Organisation or CSIRO’s Chief Executive Officer or CEO named Dr. Larry Marshall and made an announcement regarding the partnership to reap the benefits of the economic opportunities which are related to the hydrogen. This partnership would also support the development with respect to Australia’s competitive hydrogen industry. The collaboration between both the companies consist of the five-year agreement which focuses on funding as well as supporting selected technologies of CSIRO and which are in the hydrogen space. The initial contract would be concentrating on the metal membrane technology of CSIRO which would be aiding in making the hydrogen transportation economically viable and, thus, would help in realizing the advantages in regard to the low emission fuel.  Read More    Read the full article

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Primary Health Care Limited Rallies Post AGM

Primary Health Care Limited (ASX: PRY) had its AGM on November 22, 2018, i.e. today. Managing Director and CEO of PRY, Mr. Malcolm Parmenter, while addressing the shareholders in its 2nd AGM, presented the performance of the company in the year 2018, with key initiatives taken for the year 2019. He mentioned that entire health domain is facing a period of significant change. Growing demand along with cost efficient accessibility to technology driven healthcare services is the need and only those who can provide effective solutions covering an entire gamut of services right from clinical excellence to consumer friendly and cost-effective services to the community, will stay and succeed in the long run. Learn More ..   Read the full article

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The Chairman Of NTC Shares The Financial Highlights Of FY18 In The AGM

In the annual general meeting of Netcomm Wireless Limited (ASX: NTC), chairman Justin Milne addresses the shareholders and shares the financial update to them. He highlighted the growth in the annual revenue for the past 6 years. Within a span of 6 years, there was an increase in the revenue by 69% and it was recorded as $182 million in FY2018. The EBITDA also increased by 5.7 times over the past 6 years and reported to be around $20.5 million. There was also an increase in the net profit after tax from $0.8 million to $8 million. In the FY2018, the company holds cash in the bank worth $27.3 million. Also, the company has additional debt facility available worth $20 million. There was a massive turnaround in terms of the operating cash flow. Within a span of 6 years of time, i.e. from 2012 to 2018, the company was able to convert its major negative operating cash flow to positive cash flow. The cash flow which was -$270k in 2012 generated $23.6 million of operating cash flow. Another achievement was in terms of return on equity which was 5% in the year 2012 increased in the year 2018 reached 9%. The market capitalization which was only 12.5 million in 2012 reached $106 million in 2018. The company continuously made efforts in scaling the business to a significant extent. The company has 3 research and development centers in Sydney and Melbourne in Australia and Sunrise in the USA. The company has made its expansion globally in regions of Australia and New Zealand, the USA, Canada, Europe, and the UK. Another factor which influenced the growth in the revenue was due to the increase in the headcount which depicts the capability of associates to deliver the product on a larger scale. Since 2012, the company has covered a number of milestones. The company only use to make modems in 2012. However, as the time passed away, the company is now selling a wide range of complex wireless and fixed line technologies to Tier1 Telcos around the world along with M2M solutions. The company made a significant investment in terms of research and development. The company has sophisticated test labs which have drastically increased the speed to approach the market. Also, it creates the ability to innovate new prototypes at a higher pace. The upcoming opportunity for the company is the 5G technology for which it is already prepared. This has made NTC position itself well amongst the major global telcos. Within a period of 12 months, 4 new innovations were developed. These were reverse powered DPU, fixed wireless, a 4G residential gateway for urban areas and 4G industrial IoT. Further, in FY2019, it is expected that revenue might go up by 15% to 20% over FY2018. The gross margin is expected to be low which would be affected by the change in the sales mix and higher component cost. Underlying EBITDA is expected to maintain the similar level that of FY2018. A further expenditure of $9 million will be made in 5G technologies, where $5 million will be the capex and $4 million will the opex. The EBITDA is expected to be in the range of $15 million to $18 million. The key operating priorities of FY19 will be the investment that will be made on 5G technologies which will be the foundation for the accelerated growth in the mid-term. Further contracts will be rolled out. The company will also be a step ahead to look for opportunities with tier 1 telcos across the globe in order to expand its customer base. At present, the market price of the share is A$0.74 (AEST:3:30 pm, 21 November 2018) with the market capitalization of A$109.02 million and PE ratio 13.67x. Disclaimer This website is a service of Kalkine Media Pty. Ltd. A.C.N. 629 651 672. The website has been prepared for informational purposes only and is not intended to be used as a complete source of information on any particular company. Kalkine Media does not in any way endorse or recommend individuals, products or services that may be discussed on this site. Our publications are NOT a solicitation or recommendation to buy, sell or hold. We are neither licensed nor qualified to provide investment advice.     Read the full article

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The Chairman Of WTC Presents The Financial Highlights In The AGM

The annual general meeting of Wisetech Global Limited (ASX: WTC) was held on 21 November 2018. Chairman Andrew Harrison addresses the shareholders and shares the financial highlights of the company for FY2018. FY2018 encountered a powerful revenue growth of 44%. The revenue reported by the end of FY2018 was $221.6 million. This resulted in a net increase in profit after tax which is attributable to the shareholder's equity. The net profit after tax for FY2018 was $40.8 million. The primary reason for this growth was due to the organic growth in revenues across their global business. The other factor which influenced the growth in revenue was the enhancement in the products of the company as well as new features introduced into CargoWise One technology platform. Further, the company acquired many strategic assets in other geographical locations and in line technologies. Download the Full Report      Read the full article

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NCZ Successfully Parcels Its First Zinc Concentrate Shipment In China

New Century Resources Limited (ASX: NCZ) is happy to present before its investors about the company’s successful arrival and initiation of unloading of zinc concentrate through its first shipment from the restarted Century operations.  In the early November 2018, the company’s first concentrate shipment got fully loaded and it began its journey by sailing from Karumba. The company was able to ship the parcel which was 10% above the expectation of the shipment size. The ship was able to parcel around 11,000 tonnes of zinc concentrate. Within a span of 15 months after getting listed to the ASX, these activities signify a major milestone for the Company. Through this, the New Century Resource Ltd has established their possibility of its operations logistics chain. Right from the hydraulic mining to tailings reprocessing, its slurry pipeline system, operations related to port and the transshipment of the concentrate. The company was able to parcel 11,000 tons commissioning grade concentrate to one of the largest smelting group’s in China via ship based on attractive terms and conditions. According to the conditions, there were no penalties for lead or carbon. Only in case of identification of Silica might lead to a penalty. Read Full Report  Read the full article