180 Markets Movers & Shakers

Greg Lowe

180 Markets

TODAY'S TRADING HALTS

Alpha HPA Limited (ASX: A4N) announced a placement to raise $45 million at an offer price of $0.55 per share. This is an 11.3% discount to the last closing price and a 13.3% discount to the 5-day VWAP. Bell Potter and Euroz Hartleys are lead manager on the placement. Proceeds will be used to fund the construction of a Precursor Production Facility (PPF) in the Gladstone State Development Area (GSDA) and to place orders for the long lead items for the full-scale commercial HPA facility. Placement shares are set to be allotted on Wednesday the 9th of June.

Wisr Limited (ASX: WZR) is raising up to $55 million of capital, comprising of a $50 million placement and a non-underwritten share purchase plan for eligible shareholders to raise up to $5 million. Placement shares will be issued at $0.25 per new share, which represents a 21.9% discount to the last closing price and a 20.7% discount to the 5-day VWAP. Funds will be used to accelerate the pace of its loan book with a medium-term target of $1B on their loan book. In a separate announcement released this morning, Wisr Limited (ASX: WZR) reported loan growth for April and May to be $77.1 million up on the same period last year, representing a 234% growth. 


WHATS HOT

***The above is stocks we have noticed to be rising based on price and volume***

Metalstech Limited (ASX: MTC) is up 34.21% after striking record intercepts at its Sturec Gold Mine. MetalsTech chairman Russell Moran commented, ‘’Our first diamond drilling campaign at Sturec has been nothing short of outstanding. We have hit visible gold in 9 out of 16 holes with bonanza hits in 11 out of 16 holes.'' After signing an $18 million deal with Lithium Royalty Corp, the company is hoping to be more aggressive with their resource expansion drilling campaign, which is expected to restart later this month.

Nine Entertainment Co. Holdings Limited (ASX: NEC) is up 0.67% after announcing that it has signed agreements with Facebook and Google, following the Commonwealth Government’s enacting of the news Media Bargaining Code. The deal with Facebook is for 3 years, which includes the supply of news video clips and access to digital news articles on Facebook news products. The agreement with Google is for 5 years, which comprises of the supply of news content, excluding video, for Google’s News Showcase and other news products. As a result of the agreement, Nine Entertainment Co. Holdings Limited (ASX: NEC) expects growth in the publishing division EBITDA in FY22 compared to FY21 to be between $30m to $40m.

Vonex Limited (ASX: VN8) is up 20.83% after announcing its successful integration of its last acquisition, which to date has achieved 45,000 active PBX users and grown the number of SME customers by 27% in the last year. The company plans to expand its organic growth further through selective acquisition. Vonex Limited (ASX: VN8) stated in its announcement this morning that it has a strong pipeline of acquisitions in negotiation and in its due diligence stage. The company received a mention in an article sent out by Next Investors this morning, which has a substantial following.

Prominence Energy NL (ASX: PRM) last traded at 6.25%. After trading at $0.011 prior to its halt last Thursday for a capital raise. The company raised $3.2 million with funds to be used to facilitate the Bowsprit drilling program and investment in Patriot Hydrogen, which is expected to complement the company’s oil and gas activities. The market has clearly responded favourably to the Patriot Hydrogen Investment, where a binding term sheet has been signed by Prominence Energy NL (ASX: PRM) to acquire 20% of Patriot Hydrogen Pty Ltd. Patriot intends to construct a Biomass to Hydrogen plant at Port Anthony in Victoria. The company anticipates that within 12 months, the plant to be ready to produce 2 tonnes of hydrogen per day.

Infomedia Limited (ASX: IFM) is up 12.18% after it announced this morning that it has completed the acquisition of US-based e-commerce platform SimplePart. Infomedia’s CEO, Mr Jonathan Rubinsztein commented, ‘’We are delighted to officially welcome SimplePart into the Infomedia family. Our respective teams have started to engage and identify opportunities to leverage existing relationships in the Americas and elsewhere’’. The acquisition is strategic and seeks to extend Infomedia’s core global offering and provides its customers an expanded range of offerings.


WHATS NOT

***The above is stocks we have noticed to be falling based on price and volume***

BetMakers Technology Group Ltd (ASX: BET) share price is down to 9.01%. The company’s share price reached record highs of $1.65 just last Thursday. However, last Friday the BetMakers (ASX: BET) announced a $4 billion offer to acquire Tabcorp Holdings Limited (ASX: TAH) Wagering and Media business, which involved $3 billion in BetMakers shares. With the share price falling over 30% from record highs, shareholders clearly have dilutionary concerns with the proposed offer. 

Antisense Therapeutics Limited (ASX: ANP) is down 9.76% after meeting with the US Food and Drug Administration. The feedback confirmed that the findings at 25mg/week in ANP’s Phase II open-label study conducted in Melbourne are adequate to support larger studies. We see the selling this morning as an example of ‘’buy the rumour sell the news’’. 


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Greg Lowe
Greg Lowe
CEO and Co-Founder
180 Markets

Greg is Co-founder of 180 Markets which gives access to Australia's hottest IPOs and Placements. Previously Greg has spent over 20 years as a professional hedge fund investor, including with P Schoenfeld Asset Management and Credit Suisse, in...

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