Canaccord Genuity

Doray Minerals’ Deflector mine recently moved into processing of transitional ore, which saw further improvements in overall gold and copper recoveries. The rampup continues with annualised gold production in the last two months (including gold in native copper concentrate) >40% above Deflector’s FY17 gold production guidance. Deflector is expected to... Show More

Canaccord Genuity

Production results generally beat our expectations across the asset suite, with the company reporting group EBITDA for the quarter of A$38m. Operating cashflow of A$6.8m was significantly lower than our expectations, however, when normalised for high gold inventory at Tropicana, a late provisional payment for a 10kt copper concentration shipment... Show More

Canaccord Genuity

Praemium is getting increasing market attention as a global leader in the provision of investment administration, Separately Managed Accounts, and financial planning technology platforms. It has just announced very strong quarterly gross inflows of A$494m, which has helped lift total Funds under Administration to A$5.1 billion as at 30 September... Show More

Canaccord Genuity

Galaxy Resources Limited (ASX:GXY) is an Australian based, globally diversified lithium development and production company. Its primary assets are Mt Cattlin spodumene operation in WA, the Sal de Vida lithium brine development project in Argentina (100%) and the James Bay spodumene exploration project in Canada. The outcomes of the updated... Show More

Canaccord Genuity

Impedimed is a revolutionary medical technology company, developing and commercialising healthcare devices based on a proprietary technology that allows the rapid, accurate and non-invasive measurement of different tissues in the body. Following the release of new guidelines by the FDA that allow companies to market low-risk products for health and... Show More

Canaccord Genuity

Annual sales in the Australian Retail Market were estiamted at $266b in CY15, and are expected to grow at a ~5% CAGR from CY15-CY19. The Online Retail Market was valued at $17b and is forecast to grow at an 11.5% CAGR over the same period. Kogan.com is the most visited... Show More

Canaccord Genuity

Sundance Energy (SEA) closed at $0.14 on Tuesday, and has received a A$0.185 (US$0.14ps) indicative offer from a US based private equity manager with expertise in the energy sector. The bid is highly conditional and subject to due diligence. With SEA trading at a significant discount to the bid price... Show More

Canaccord Genuity

Canaccord recently increased the valuation for Orocobre (ORE.AX) from A$4.20 to A$5.15 following revisions to our Lithium Carbonate pricing forecasts. Since then, the company has provided product specification data, which suggests that up to 86% of recent production was achieving battery grade (>99.5% Li) specs, with the balance being technical... Show More

Canaccord Genuity

In this 76-page report, Canaccord Genuity provides an extensive analysis of the lithium market and leading ASX lithium companies. We forecast the lithium market to grow by 81% to 347kt lithium carbonate equivalent (LCE) by 2020, and by 259% to 687kt LCE by 2025, representing a CAGR of 14% across... Show More

Canaccord Genuity

Freelancer reported FY15 results that have again beat our revenue and gross profit estimates. Importantly, the +48% increase in FLN’s gross profit was impressive as this line-item is a key indicator of the future growth profile of the business. EBITDA of -A$2.0 is effectively meaningless and reflects the company’s well... Show More

Canaccord Genuity

AHAlife (ASX:AHL) is a New York based online marketplace platform on which buyers and sellers can trade a curated selection of luxury goods. Rather than functioning as an online retailer, it is a marketplace in the same way as Etsy, eBay or Amazon, and therefore carries very little inventory. As... Show More

Canaccord Genuity

With the UN Climate Change Conference taking place, we anticipate renewed focus on nuclear as an inevitable part of the solution. It would only take 62 new reactors per year to entirely replace global fossil fuel electricity generation by 2050, and China, India and Russia are leading the charge in... Show More

Canaccord Genuity

Collins Foods Limited is one of Australia’s largest restaurant operators, owning 171 KFC restaurants, 26 Sizzler restaurants, and 6 Snag Stand stores. The company has a proven business model that we consider highly defensive, with average same-stores sales growth of 4.8% over the last 14 years. This offers positive medium-term... Show More

Canaccord Genuity

Billabong is back on the market's radar following evidence that the last two years of internal changes are delivering measurable results. Canaccord believes this is an inflection point in a turnaround for the 42-year old Australian global brand manager and retailer. Breaking from consensus, we recently initiated coverage with a... Show More

Canaccord Genuity

Following a site visit to Almond Producer, Select Harvests, we reiterate our BUY rating. SHV is developing a strong platform for EBIT growth in future years with momentum in the almond price continuing (spot almond premium price now approaching A$15.00/kg) coupled with volume improvement as tonnes sold increase. Continual investment... Show More

Copper inventories are down 26% on the LME in the last month, so there seems to be increasing demand from limited supply in the near term. This has also resulted in the price increasing from US$3.00 lb to $3.18 lb. In the longer term we see a copper deficit, especially in 2016. As a client mentioned today, when was the last time you saw new large copper mine come on line?

On Tiger Resources (ASX:TGS) has produced first copper cathode (100% copper sheets) from its new Kipoi plant -