ILUKA RESOURCES LIMITED
The ASX 200 was in two minds throughout the trading day, twice trading a small margin above par but ultimately failed to make any headway in either direction to close flat on the session. There was a noticeable lack of volume across much of the market today, contributing to the... Show More
Another hugely interesting day and we’ve just had BHP across the ticker to round things out (I have done a quick recording below after the numbers dropped). Six large caps dropped more than 6%, a couple by more than 20% while on the flipside, five stocks in the top 200... Show More
While resources pundits regard copper as the commodity most reflective of the world’s economic strength or otherwise, the more obscure zircon arguably is an even better guide. Show More
On my last trip to China, we were a little cautious despite the optimism displayed by China’s primary industries — a flow on from the stimulus-led recovery of 2016. Our caution proved warranted. Money supply tightened and key macro indicators weakened, which hit bulks in particular. This time around there... Show More
Mineral sands prices have risen sharply this year and are tipped to continue climbing on the back of a supply deficit. This has underpinned share price gains for emerging producers such as Sheffield, Strandline and Image, which stand to benefit handsomely as their projects progress in parallel with growing demand. Show More
In this daily reporting season update, we provide first impressions on key takeouts from companies reporting today, including QBE Insurance, Sonic Healthcare, Origin Energy, Telstra Corp, Treasury Wine Estates, ASX, Iluka Resources and Downer EDI with links through to more detailed reports. Show More
Mineral sands prices are on a tear, with some up by more ~60% since their trough. And this week’s takeover of Mineral Deposits by its JV partner, combined with the tight supply outlook, means the next league of players such as Strandline and Image are coming sharply into investor focus. Show More
Some of the key issues we are considering as we look into the next financial year are as follows: Will global growth momentum be sustained? Can geopolitical tensions derail the economic expansion? What absolute level of long-term interest rate becomes an impediment to equity prices continuing to rise? Will oil... Show More
The resource stocks were very strong today after big moves in underlying commodity prices overnight put the fire in the belly of buyers, particularly targeting Nickel stocks Western Areas (WSA) and Independence Group (IGO) which both added more than 7%, while the large caps in BHP and RIO roared around... Show More
The chaos of reporting season makes a good case against markets being efficient. It will take weeks, if not months, to fully parse the recent data download of many hundreds of reports, and to also process views gleamed from the ensuing company roadshows. Reporting season can thus generate a long... Show More