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Foster Stockbroking

Providing investment strategies, research and ideas to institutional and professional investors since 1991, with a primary focus on emerging Australian companies.

Lynas leveraged to the rare earths recovery

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Foster Stockbroking Stockbroker

Lynas is an integrated rare earth mining and processing operation with a rare earth mine in Mt Weld, WA, and a processing plant in Malaysia. It has diligently undergone significant technical improvements, and is now running reliable neodymium praseodymium (NdPr) oxide production of 5,200ktpa, prices of which have recovered sharply.... Show More

Gold stocks to buy on the back of stalling US policy and growth

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Foster Stockbroking Stockbroker

Heightened expectations of US growth are fading in light of no new economic data to suggest the promised fillip. The efforts of the new Trump administration continue to be frustrated on a number of fronts and cannot point to any meaningful progress so far (Obamacare repeal, debt ceiling, and other... Show More

Updater’s first pilot exceeds expectations

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Foster Stockbroking Stockbroker

Updater Inc. is a US based technology company that has produced a software platform to improve the relocation process. Movers can use the UPD platform to streamline the administrative side of relocating and talk to a multitude of service providers through the one portal. Conversely, UPD’s platform also allows businesses... Show More

Mineral Resources: Upside opportunities

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Foster Stockbroking Stockbroker

We revisit the upside opportunities available to Mineral Resources, including continued support in iron ore spot prices, incipient Wodgina lithium DSO, and an increased forecast dividend yield. We have rerun our model with upgraded iron ore forecasts, and we now forecast EBITDA of $635M in FY18e. We view the Wodgina... Show More

Fairfax - Limited downside from here

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Foster Stockbroking Stockbroker

FXJ’s share price is trading at the bottom-end of our valuation and we see limited downside at these levels. With the recent planned demerger of Domain, FXJ’s share price has broken outside its core trading range of $0.80-$0.95. On a sum of the parts basis, we value FXJ at $1.40... Show More

Further upside for Mineral Resources

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Foster Stockbroking Stockbroker

Even in spite of the upgraded guidance, we are of the view there is further upside for the stock following its 1H17 result. It looks cheap against its peers, especially taking into account its operational excellence, higher realised prices and margins, and ability to monetise its Mount Marion stake; Wodgina... Show More

Momentum building for 9 Spokes

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Foster Stockbroking Stockbroker

9SP is an app store for Global SMEs. 9SP has met all major milestones since listing, with Barclays, Suncorp and Deloitte (UK/Aust) on its platform before Christmas. Most importantly Barclays are ramping-up promotional activity in mid-February. With all channels ‘live’ heading into Christmas, 9SP business development sales pipeline has experienced... Show More

Bellamy’s (BAL) premium organic brand not likely to be impacted by recent volatility

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Foster Stockbroking Stockbroker

Post FY16 results, markets reacted positively to BAL’s surprise results announcement and the share price gained more than 10% in two days. The management of BAL assured analysts during results conference call that BAL is fully prepared to meet the requirements of China’s new infant formula regulations and reiterated that... Show More

LVH announces first offshore client and first via RPO distribution.

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Foster Stockbroking Stockbroker

Randstad Sourceright is implementing LiveHire’s Talent Community for a cornerstone client. It is the company’s first customer via an RPO, and the first client building a Talent Community outside of Australia. Randstad’s client is a global technology company with over 100k employees globally. It has commenced implementation of its Talent... Show More

Kidman Resources (KDR) - Re-rating on lithium exploration

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Foster Stockbroking Stockbroker

Kidman Resources (KDR) is a small gold producer at the Burbanks Project. More recently it purchased the Mt Holland gold project for $3.5m – a fully permitted project with granted MLs and extensive infrastructure in place. Aggressive drilling underway to extend the current 1.2Moz resource @ 2.7g/t contained in multiple... Show More

TopBetta Holdings Ltd (TBH) 4Q16 revenue growth beats previous guidance.

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Foster Stockbroking Stockbroker

Total revenue including Wagering, Tournament, Content and other for the quarter was $1.4M, up 73% from $0.8M in the March quarter. This is solid growth in wagering turnover and revenue. Gross turnover from Wagering and Tournaments was $11.1M, up 49% from $7.5M in the March quarter. Active users grew by... Show More

9 Spokes: The Global App Store For SMEs, Targeting the Holy Grail of "Big Data" Analytics

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Foster Stockbroking Stockbroker

9 Spokes recommends the world’s best business software cloud applications for SMEs and integrates them into a smart dashboard, revealing key information on how their business is performing. 9SP has signed major clients, including Barclays, Deloitte and Suncorp (live in Q3 16 with $320k minimum monthly billings). We would not... Show More

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US dollar and receding Brexit fears place pressure on gold. Gold stocks are a short-term sell.

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Foster Stockbroking Stockbroker

The US Dollar Index has rallied since late June. It has been driven by a robust US economy; polls favouring Clinton rather than Trump; the Fed adhering to its tightening stance; and abatement of Brexit fears. Exaggerated negative economic scenarios that were feared in the days immediately post Brexit have... Show More

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LiveHire: Initiation report

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Foster Stockbroking Stockbroker

LiveHire (ASX:LVH) serves the lucrative and costly HR and recruitment market. The company listed on the ASX on 10 June 2016 raising $10M. 
LiveHire developed, owns, and operates a unique HR and recruitment productivity platform which is hosted in the cloud and is delivered as a SaaS product to its... Show More

Growing market share to unlock massive revenue opportunity

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Foster Stockbroking Stockbroker

Updater’s (UPD) online platform provides movers with a seamless process to enable transferring of insurance contracts, utilities, forwarding of mail, updating of accounts and the many other tedious tasks associated with relocation. The typical mover wastes around 10 hours reaching out inefficiently to individual businesses currently to update their records... Show More

LNG: Baupost and other US funds now 40% of register; company is fully funded; new management on board: valuation upgrade to $3.32

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Foster Stockbroking Stockbroker

LNG: Baupost and other US funds now 40% of register; company is fully funded; new management on board: valuation upgrade to $3.32. With 80% of recent placement and a sell-down of the HQC shareholding taken up by US investors (who also own Cheniere Energy: LNG US), the register of LNG... Show More