Crowd Mobile (CM8): Update | Volkswagen Tumbles 20%... Ouch... | Commodities Under Pressure as Glencore Hits Back |

Niv Dagan

Peak Asset Management

Good Morning, CM8 - we expect the Trak acquisition to be EPS accretive by mid October, adding ~ $14M over the next 12 months... so keep an eye for opportunities.. Last night it was “risk off” again, as stocks, commodities and bonds “sank”……… Volkswagen tumbled 20% and Glencore fell 8.5%, putting pressure on European equities….. Dow Jones -179 points… Copper -%, Iron ore down 2% … Looks like we are heading for a “re-test” of the 5,000 level on the XJO in the next 24 hours… so get prepared... So… What's on today? New Zealand August trade balance, Markit US manufacturing PMI, Chinese President Xi Jinping begins a visit to the US, his first as China's leader. Stocks in focus McGrath Estate Agents is understood to be working on an acquisition that would boost the size of the company's planned IPO to around $300 million. Citi has a 'buy' recommendation on (REH), $43.26 target price. Deutsche Bank has a 'buy' rating on (IRE), $11.40 target price. "We continue to believe that investors The SPI is down 64 points this morning


Niv Dagan
Executive Director
Peak Asset Management

Prior to founding PEAK Asset Management, Niv headed up HC Securities, spent three years growing Halifax Investments capital markets division and also worked on the wholesale desk at Macquarie Bank, servicing a wide range of institutional,...

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