Invocare Ltd... The Best Performer on the ASX
Stock Specialist Blog
by Stock Specialist
1w ago
Last week the big news of the day amid negative sentiment in the market, Stock Specialist recommendation Invocare rocketed over 35 per cent to become one of the best high value performers of the week. This followed the release of notice of initial substantial holder which revealed that Singapore-based company Blue Eternal and private equity firm TPG Asia have snapped up a significant holding in the funerals company. The private equity firm and Blue Eternal have acquired a combined relevant interest and economic interest of 17.81% in InvoCare shares. Blue Eternal and TPG paid a total of $309,87 ..read more
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Is Codan the New ASX Tech Star?
Stock Specialist Blog
by Marcos Gomez
1M ago
Codan Limited has been a technology company specialising in advanced communications and metal detection solutions globally for private and government contracts alike. The company was founded in Adelaide, South Australia in 1959, and has since expanded its operations to several countries worldwide. Codan’s communications solutions include high-frequency (HF) radio systems, satellite communication terminals, and tactical communication solutions for military and security applications. Its metal detection products are used in various industries, including mining, military, humanitarian de-mining ..read more
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Is the Lithium Bull Rally Over?
Stock Specialist Blog
by Marcos Gomez
1M ago
The start of 2023 has given rise to many questions around the long-term viability of uplifted lithium prices. Further to this, any potential further capital growth in many major lithium miners. So the question is where do we go from here? Over the course of the last couple of months, the lithium carbonate equivalent price (LCE) has fallen from 600,000 CNY to approximately 470,000 where it has seemed to find a support level. However, interest in lithium stocks has not waned in the slightest and below are two lithium stocks that remains on everybody’s conversations. One stock that we have been f ..read more
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AGL Rallies Over 30% on News
Stock Specialist Blog
by Stock Specialist
2M ago
The AGL share price took off last year despite the company declaring a shareholder, fpr its CEO and chair walk, and experiencing a major board shake up. The company binned a major demerger proposal, fielded a takeover offer, and revealed a $20 billion renewables strategy. The drama undergone by the company appeared to be spurred by tech billionaire Mike Cannon-Brookes. He was part of a consortium offering as much as $8.25 per share to take over AGL in March. When that failed to win over the board, Cannon-Brookes took matters into his own hands. He snapped up an 11% stake in the company and lau ..read more
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Stock Specialist 2022 Recommendation Recap
Stock Specialist Blog
by Stock Specialist
3M ago
With only a couple of weeks left of trading in the year and with people starting to wind down, Stock Specialist aims to provide high conviction buys and brilliant returns for our members despite the current volatile market. In the current bearish landscape, it’s important to be inherently contrarian to make money or at the very least mitigate your losses. Markets are not necessarily as efficient as many investors believe and the money-making opportunities are found in stocks that are regularly over- and under-priced. Some of our best recommendations have been (but not limited to) the energy an ..read more
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Chalice Mining Surges on Drill Results
Stock Specialist Blog
by Stock Specialist
3M ago
Former ASX darling Chalice has rallied over 40% in one month after investors picked up cheap shares in the last couple of days after the company released an update on drilling activities at the 100%-owned Julimar NiCu-PGE Project in Western Australia. According to the release, drilling activities at the greenfield Hooley Prospect, ~5km north of the current Gonneville Resource, has intersected a significant PGE-nickel-copper-cobalt-gold mineralisation in initial drilling. Management advised that sulphide mineralisation has been intersected in all five reconnaissance holes from three drill site ..read more
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Patriot Battery Metals Storms ASX
Stock Specialist Blog
by Marcos Gomez
3M ago
The newest and one of the less talked about IPOs this year stormed onto the ASX at 12pm today. Newest lithium hopeful Patriot Battery Metals stormed onto the ASX today and ended the day with over 100% gain. The Australian share market’s latest lithium share is based in North America and owns several promising battery material projects. Aiming to take Patriot Battery Metals also boasts an experienced management team. Former Pilbara Minerals Ltd Ken Brinsden is one of their more notable leaders as its non-executive chairman. Investors who picked up IPO shares at the listing price of 60 cents wou ..read more
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Treasury Wines Backs Profitability
Stock Specialist Blog
by Marcos Gomez
5M ago
In a global market that is currently wrought with rising costs particularly in the food and drinks market, one well known company is backing its move back into higher profitability despite the negative global outlook. Recessionary warnings out of the US and decreasing global demand has affected the demand for most goods and services. Treasury Wine Estates in particular have seen the demand for premium and luxury wine decrease and to top it all off rising inflation/costs of production have severely eaten into earnings. Treasury Wine Estates CEO, Tim Ford stated: “We will continue to closely mon ..read more
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Star Casino Licence Revoked
Stock Specialist Blog
by Marcos Gomez
5M ago
Star Entertainment Group Ltd shares have halted trading today after the much loved (and sometimes hated) casino operator has had its gaming licence taken away. The NSW Independent Casino Commission (NICC) revealed it’s taking the company’s casino operating licence away from Friday morning. This came after the enquiry found some damning results such as that Star reportedly misled regulators, dealt with suspicious junkets, and concealed gambling spending as hotel expenses. On top of the suspension, the company was also ordered to pay a pecuniary penalty of $100 million. In response to this, The ..read more
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Brokers Uplift Target for Qantas
Stock Specialist Blog
by Hersh Oberoi
5M ago
Following the company's announcement that it anticipates a record $1.2 billion to $1.3 billion profit before tax for the first half of FY23, Qantas (ASX: QAN) shares have risen to their highest levels since May. To put this into context, Qantas has lost an unprecedented $7 billion over the past five straight half because of the epidemic. However, the expected profit is significantly higher than the $771m profit before tax that the business reported in the first half of FY20, before the introduction of covid. Qantas' optimistic market report has prompted similar reports from other brokerages. T ..read more
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