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ASX Small Caps Lunch Wrap: Who’s not finding mailed sausage sandwiches particularly choice?

Decent arvo, to you. Because when Wall Street types pack up daily proceeding with smug looks on their faces, you … Read More
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This article was originally published by Stockhead

Decent arvo to you. Because when Wall Street types pack up daily proceedings with smug looks on their faces, you can usually assume trading Down Under is bound to roll along pretty well, too.

Not an absolute given, of course, but it’s how things are playing out so far today. The ASX 200 opened the bowling with a full-pitched delivery just shaping away nicely from off stump. It began in the green, and is currently up about 0.14%.

In fact, over the past five days, the speed gun has clocked the ASX at +1.1% – and +5.38% over the past month. And that’s this site’s cricket-analogising quota reached for the day.

What else is up specifically, then? We’ll get to that with some sense of market pertinence (promise) below, but first we feel strangely compelled to tell you that the incidence of hotdog-related letterbox trolling is well up in the small community of Waiheke Island, just off Auckland.

Yeah, it’s a thing there, apparently. Although no one quite knows why.

According to a Newshub.co.nz article we just happened to stumble across, one particular resident of the 7,600+ population is “fed up” with dodgy-looking sausages in bread with tomato sauce being left in his letterbox. An occurrence that’s been happening “at least once a month” for the best part of a year.

There are suggestions “Snagatha Christie” needs to get on the case tout sweet.

“Jacob”, the unhappy snag-mail receiver interviewed for the article, is pretty pissed about it, too and feels he’s the target of a completely weird, ongoing prank.

Either that, or Bunnings Warehouse has come up with the worst direct-mail teaser campaign of all time.

Turns out that Jacob’s not the sole victim here, though…

“It happened again and again, to the point where I messaged my friends thinking they were playing a joke on me,” he told the Kiwi news outlet. “And then all of them had photos of sausages in their letterboxes… that was when I knew it was a serious problem.

“It’s tearing my friend group apart, it’s tearing Waiheke apart, because we just don’t know who it is. It’s terrible.”

Meanwhile, Chris Hipkins, a baby-faced 40-something with a neatly parted haircut and an apparent “weakness for sausage rolls”, will be sworn in as NZ’s 41st PM tomorrow.

Sausage rolls… eh? A ground-meat-based Kiwi coincidence? Yeah.

Righto, moving on…

 

TO MARKETS

How’s the ASX 200 sizzling now, then? Er, actually, somewhat wrecking our initial assessment, it’s dipped a fraction (0.088%) since we began this roundup.

Still, our very own Eddy Sunarto was this morning predicting a decent rise for the Aussie benchmark today in his Market Highlights wrap – and that’s based on the “broad rally in New York”, he wrote. More of that, further below.

A quick look at the local sectors today tells us Real Estate (+1.08%) and Materials (+1.02%) are leading the way again, while Healthcare (-1.03%) is looking a bit poorly. Financials (-0.63%) are down, too.

Of some note today in unicorn-dwelling end of ASX town are the following:

Breville Group Ltd (BRG): +7%

Block Inc (SQ2): +6.3%

LIFE360Inc (360): +6.42%

Not seeing a hell of a lot of news to attribute to these rises, other than announcements of upcoming dates for half-yearly results.

 

NOT THE ASX

Along with tech stocks surging late last week, overnight (AEDT) the auto giant Ford jumped 3%, Eddy noted. And that was after it announced 3,200 job cuts in Germany amid reports it might move its factory back to the US. Make America Work Again?

As Eddy also points out: “Spotify has also joined the Big Tech layoff party, announcing it will cut about 6% of its workforce.”

Looking at some of the major world indices, then, here’s a quick statistical summation:

US positivity continues – the S&P 500 closed +1.19%; Nasdaq +2.01% and the Dow Jones +0.76%.

Meanwhile plenty of Asian stock markets are still off celebrating the Chinese/Lunar new year. The Nikkei, though, like Wall Street and the ASX, is trading up: +1.28% at the time of writing.

Over in the UK? The FTSE was +0.18%.

In Europe, surmised Eddy, EU consumer confidence has improved from -22.2 in December to -20.9 in January.

European Central Bank (ECB) chief Christine Lagarde said that EU rates will need to continue rising at a “steady pace” in order to combat inflation.

Crypto… yeah, it’s travelling along quite well, generally toeing the line with other markets. Maybe one day it’ll be brave enough to do its own thing. But Bitcoin is trading above US$23k for now, and above its 200-day simple moving average.

So it’s in a decent spot, and there’s a groundswell of positivity that’s starting to become more and more dominant on Crypto Twitter, we’ve noticed.

In fact, let’s just quickly check in with that market’s leading sentiment tracker – the Crypto Fear & Greed Index…

It’s actually switched “Neutral” just lately, which believe you me, is actually pretty damn positive compared with where it was wallowing in finger-nail-biting territory late last year.

Source: altenative.me

As usual, you’ll find more info and updates on “magic internet money” over at Mooners and Shakers.

 

ASX SMALL CAP WINNERS

Here are the best performing ASX small cap stocks for January 24 [intraday]:

Swipe or scroll to reveal full table. Click headings to sort:

Code Company Price % Volume Market Cap
GLV Global Oil & Gas 0.002 100% 4,700,822 $3,428,798
SPA Spacetalk Ltd 0.046 77% 2,591,460 $6,661,183
AMD Arrow Minerals 0.009 50% 61,342,428 $15,202,591
ANL Amani Gold Ltd 0.0015 50% 797,868 $24,693,441
WBE Whitebark Energy 0.0015 50% 3,086,302 $6,464,886
CCE Carnegie Cln Energy 0.002 33% 1,640,549 $23,463,861
GNM Great Northern 0.004 33% 960,000 $5,127,153
LML Lincoln Minerals 0.028 33% 4,992,822 $12,074,657
FHS Freehill Mining Ltd. 0.005 25% 1,247,604 $7,707,396
IS3 I Synergy Group Ltd 0.02 25% 247,632 $4,625,286
MRQ Mrg Metals Limited 0.005 25% 2,585,716 $7,943,675
SFG Seafarms Group Ltd 0.011 22% 1,162,380 $43,529,393
CMD Cassius Mining Ltd 0.03 20% 867,643 $10,212,323
EDE Eden Inv Ltd 0.006 20% 607,011 $13,656,369
GLA Gladiator Resources 0.024 20% 879,542 $10,683,398
SI6 SI6 Metals Limited 0.006 20% 100,000 $7,476,973
CDA Codan Limited 5.27 19% 1,314,830 $800,762,975
PHL Propell Holdings Ltd 0.038 19% 53,222 $3,396,263
PYC PYC Therapeutics 0.071 18% 1,573,086 $190,855,566
SMX Security Matters 0.23 18% 626,848 $32,742,749
LMLND Lincoln Minerals – Ordinary New 0.02 18% 2,349,002 $13,625,128
PXX Polarx Limited 0.027 17% 11,659,088 $31,117,779
AYT Austin Metals Ltd 0.007 17% 277,560 $6,095,248
AAU Antilles Gold Ltd 0.046 15% 6,457,155 $19,492,425
EQE Equus Mining Ltd 0.08 14% 50,099 $13,589,655

Some standouts from that mob: 

Spacetalk Ltd (ASX:SPA): This thing’s mooning today (+77%) on the back of an announcement of “$3.3m improvement in 2Q FY2023 free cash flow as compared to 1Q FY2021 (excludes proceeds of rights issue).”

It’s the first time the Aussie “software wearables” (smart watches and the like) company has had a positive quarterly cashflow since 3Q FY2021.

Antilles Gold’s (ASX:AAU): Stealing this info from our mate Ruebs’ Top 10 at 10 column, which you probably should check out after you’re done here, if you haven’t already:

“Drilling has returned gold grades up to 190g/t from an outcropping oxide deposit at at Antilles Gold’s El Pilar concession in central Cuba. Highlights include 53.5m at 19.06g/t gold from 10m, including 16.4m at 41.64g/t.”

Arrow Minerals (ASX:AMD): +50% on… a response to ASX price and volume queries. That’s all we’re seeing on this one.

 

ASX SMALL CAP LOSERS

Here are the most-worst performing ASX small cap stocks for January 24 [intraday]:

Swipe or scroll to reveal full table. Click headings to sort:

Code Company Price % Volume Market Cap
AYI A1 Invest & Res Ltd 0.001 -50% 3,018,826 $36,843,893
NTL New Talisman Gold 0.002 -33% 2,046,767 $9,381,676
XST Xstate Resources 0.0015 -25% 1,500,001 $6,430,363
RON Ronin Resources 0.125 -22% 107,784 $4,639,695
PO3 Purifloh Ltd 0.21 -16% 40,000 $7,880,875
1AG Alterra Limited 0.012 -14% 44,918 $9,751,736
LNU Linius Tech Limited 0.003 -14% 33,366,757 $10,427,945
THR Thor Energy PLC 0.006 -14% 103,154 $10,187,190
NGS NGS Ltd 0.038 -14% 688,259 $6,525,528
BTE Botalaenergyltd 0.13 -13% 30,000 $7,997,500
GUL Gullewa Limited 0.052 -13% 12,037 $11,746,386
BUS Bubalus Resources 0.2 -13% 202,241 $6,220,620
ADX ADX Energy Ltd 0.007 -13% 3,578,722 $28,103,300
HHI Health House Int Ltd 0.007 -13% 140,438 $1,130,637
AHK Ark Mines Limited 0.175 -13% 15,027 $6,922,021
LER Leaf Res Ltd 0.021 -13% 1,994,448 $43,440,933
GTI Gratifii 0.015 -12% 839,235 $17,130,001
AUK Aumake Limited 0.004 -11% 66,193 $3,935,011
BAS Bass Oil Ltd 0.165 -11% 5,774,117 $49,564,695
POL Polymetals Resources 0.175 -10% 32,277 $8,810,625
AUA Audeara 0.081 -10% 65,520 $9,224,939
HMI Hiremii 0.045 -10% 170,800 $5,398,206
LYK Lykos Metals 0.09 -10% 110,555 $6,240,000
DXN DXN Limited 0.0045 -10% 136,363 $8,606,574
MOM Moab Minerals Ltd 0.009 -10% 61,876 $6,819,635

The post ASX Small Caps Lunch Wrap: Who’s not finding mailed sausage sandwiches particularly choice? appeared first on Stockhead.



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