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Weekly Small Cap and IPO Wrap: Sezzle up 263% this week; Emerging Co’s up 11% this month; IMF useless all year

ASX Emerging Companies (XEC) index up 4.5% this week, over 11% for July  US, EU markets lift, Chinese and Japanese … Read More
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This article was originally published by Stockhead
  • ASX Emerging Companies (XEC) index up 4.5% this week, over 11% for July 
  • US, EU markets lift, Chinese and Japanese fell
  • IMF reminds everyone of it’s purposeless with further downgrades

 

US stock futures are ahead on Friday arvo in Sydney as a weirdly positive mood continues to infect investors following a few strong quarterly reports from the mega (not Meta) tech companies, like Amazon and Apple.

The sunny dispositions stateside are in defiance of the near 1% slip up in second quarter US GDP in the second quarter, confirmed by the US of A Bureau of Economic Analysis overnight.

Technically, two straight quarterly negative GDP reads are confirmation of a recession, so it’s possible US traders now no longer have to wrestle with the “deepening fears of a possible recession” which have been nagging at them for many moons.

This week The US Fed put many more out of their misery by giving rates another upward nudge by 75 basis points.

And as it often does, the International Monetary Fund popped up out of nowhere to downgrade the hell out of the global growth outlook and raise its interest rate forecasts.

None were surprised nor helped by this, compelling some observers to remark how annoying the rich, organised and over-educated can often be.

It’s been a Commonwealth Games silver medal effort from the ASX Emerging Companies (XEC) index – up 4.5% this week, and over 11% for July.

The rebounding confidence among market participants has really leant into the hopes slowing growth will ease central banks’ pace of monetary tightening.

Results like the strong shows among some of the big American tech names helped put a golden glow over the lingering storm clouds. (Damn. That’s market poetry, right there.)

While the US and European shares lifted this week, our colleagues in the Asia-Pacific have had a mixed run. In Korea and Taiwan the markets edged higher, as Japanese and Chinese shares fell.

Dr Shane Oliver the chief economist at AMP – who I saw this morning on TV sporting a cheerfully a technicolor tie so trademark in its garishness I all but dropped my morning chocolate cake – says falling bond yields are another sign of the expectations for slower growth.

“The positive global lead along with a less bad than feared CPI result reducing the risk of a further step up in RBA rate hikes pushed the Australian share market higher, with gains led by resources stocks despite a dividend cut from RIO, property stocks and financials.”

Oil, metal and iron ore prices rose.

 

ASX IPOs This Week

Devastated fans of Australia Sunny Glass (ASX:AG1) which was set down to list on Wednesday, will have to hold their building facades a little longer.

This Australian-based holding company is targeting a $7.5m initial public offering at $0.35 a share and operates a glass production and supply business for structural building facades.

The group has a fully automated processing plant which it says is highly-efficient, accurate and scalable with an extra R&D focus to boot, on the “development of cyclone resistant glass using new laminating and bonding techniques.”

 

ASX SMALL CAP WINNERS:

Here are the best performing ASX small cap stocks for July 25 – July 29:

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

Code Company Price % Week Market Cap
SZL Sezzle Inc. 0.955 282% $204,852,301.80
LBY Laybuy Group Holding 0.115 161% $38,222,880.15
PSC Prospect Res Ltd 0.1225 147% $55,471,135.44
INP Incentiapay Ltd 0.017 143% $15,180,763.50
CBE Cobre 0.086 139% $14,225,002.86
SMX Security Matters 0.26 117% $46,455,229.52
WBE Whitebark Energy 0.002 100% $11,296,438.39
NGY Nuenergy Gas Ltd 0.03 88% $42,947,709.41
MCM Mc Mining Ltd 0.235 81% $48,425,443.15
OPY Openpay Group 0.375 74% $79,139,669.50
POL Polymetals Resources 0.15 67% $6,008,484.90
ABE Ausbondexchange 0.415 66% $12,032,282.79
GNX Genex Power Ltd 0.215 65% $297,813,085.10
ZIP ZIP Co Ltd.. 1.21 56% $1,045,734,979.28
MRR Minrex Resources Ltd 0.052 53% $43,466,025.40
ANL Amani Gold Ltd 0.0015 50% $35,540,161.69
GNM Great Northern 0.006 50% $10,254,305.86
TYX Tyranna Res Ltd 0.027 50% $33,711,934.67
VMG VDM Group Limited 0.0015 50% $10,391,491.43
KGN Kogan.Com Ltd 4.66 49% $502,559,734.10
SDV Scidev Ltd 0.32 49% $57,822,411.79
B4P Beforepay Group 0.55 47% $22,347,262.74
PYR Payright Limited 0.13 44% $10,167,848.21
NWM Norwest Minerals 0.046 44% $7,766,117.64
ARN Aldoro Resources 0.2075 43% $20,913,336.57
APS Allup Silica Ltd 0.11 43% $4,075,731.11
TGM Theta Gold Mines Ltd 0.084 42% $52,271,597.02
SPN Sparc Tech Ltd 0.93 41% $58,031,852.28
GLV Global Oil & Gas 0.0035 40% $5,620,064.12
KNO Knosys Limited 0.105 40% $18,804,066.73
CAU Cronos Australia 0.285 39% $160,178,500.82
BIR BIR Financial Ltd 0.033 38% $5,743,085.01
IR1 Irismetals 0.375 36% $21,465,000.00
NXS Next Science Limited 1.035 36% $205,124,577.97
IND Industrialminerals 0.34 36% $9,408,000.00
IS3 I Synergy Group Ltd 0.054 35% $13,959,994.15
TTB Total Brain Ltd 0.058 35% $7,755,825.60
SOP Synertec Corporation 0.12 35% $41,096,464.40
INV Investsmart Group 0.31 35% $41,743,260.30
4DX 4Dmedical Limited 0.7 35% $127,463,015.43
GL1 Globallith 1.465 34% $229,318,979.92
CY5 Cygnus Gold Limited 0.2 33% $18,877,650.40
RR1 Reach Resources Ltd 0.004 33% $5,730,151.92
VPR Volt Power Group 0.002 33% $18,689,067.12
GTN GTN Limited 0.5 33% $107,639,520.50
HE8 Helios Energy Ltd 0.091 32% $221,344,202.66
E79 E79Goldmineslimited 0.13 31% $7,222,263.10
ZEO Zeotech Limited 0.065 31% $97,594,590.08
XPN Xpon Technologies 0.19 31% $26,497,014.64
SPX Spenda Limited 0.017 31% $54,088,249.56

Sezzle reported a 6.8% bump in total quarterly income today. After gaining some 263% this week, t’is but the cherry.

So, now ladies and gentlemen, a the end of that absurd week and  for your fascinated satisfaction, I give you Sezzle (ASX:SZL) chairman Charlie Youakim:

“In the last few months we have launched $US400m ($565m) worth of revenue and cost savings initiatives, as we move towards profitability and positive free cash flow generation.

“And we believe the results of those actions are starting to show.

“We expect to see the full benefit of these initiatives on a run rate basis by year end.

“Coupled with additional actions we are taking, we anticipate (by year end) achieving positive monthly net operating income.”

 

ASX SMALL CAP LOSERS:

Here are the worst performing ASX small cap stocks for July 25 – July 29:

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

Code Company Price % Week Market Cap
SRX Sierra Rutile 0.3075 -99% $156,967,485.39
CPT Cipherpoint Limited 0.009 -49% $4,252,870.36
PVS Pivotal Systems 0.13 -35% $30,298,587.50
MEB Medibio Limited 0.001 -33% $2,756,490.12
HXG Hexagon Energy 0.017 -32% $8,206,654.42
NTO Nitro Software Ltd 1.1225 -32% $269,923,733.56
WYX Western Yilgarn NL 0.11 -29% $4,530,075.44
TD1 Tali Digital Limited 0.005 -29% $7,395,783.14
HIO Hawsons Iron Ltd 0.32 -27% $251,958,003.00
LVT Livetiles Limited 0.059 -27% $54,458,257.05
NVU Nanoveu Limited 0.011 -27% $2,565,973.03
SPA Spacetalk Ltd 0.056 -26% $11,315,498.95
ICG Inca Minerals Ltd 0.053 -25% $26,504,210.65
AL8 Alderan Resource Ltd 0.009 -25% $5,049,877.76
PPG Pro-Pac Packaging 0.3 -25% $28,388,643.50
T3D 333D Limited 0.0015 -25% $4,551,445.00
JRV Jervois Global Ltd 0.405 -24% $607,900,384.40
AQC Auspaccoal Ltd 0.095 -24% $4,796,056.95
CMO Cosmometalslimited 0.13 -24% $3,316,300.00
AR9 Archtis Limited 0.15 -23% $40,889,497.09
DUB Dubber Corp Ltd 0.68 -22% $283,724,057.76
ALY Alchemy Resource Ltd 0.014 -22% $16,202,258.97
RLC Reedy Lagoon Corp. 0.014 -22% $8,918,830.59
NUH Nuheara Limited 0.23 -22% $28,811,018.46
RLG Roolife Group Ltd 0.011 -21% $7,724,539.49
TGH Terragen 0.13 -21% $25,144,500.55
FGL Frugl Group Limited 0.015 -21% $3,039,782.93
SEG Sports Ent Grp Ltd 0.23 -21% $60,055,766.44
APC Aust Potash Ltd 0.04 -20% $33,952,077.94
AHI Adv Human Imag Ltd 0.12 -20% $20,009,925.84
CFO Cfoam Limited 0.004 -20% $2,201,521.90
EXL Elixinol Wellness 0.04 -20% $12,650,622.84
R3D R3D Resources Ltd 0.1 -20% $12,003,761.77
SHP South Harz Potash 0.1 -20% $52,671,339.96
PTG Proptech Group 0.25 -19% $40,210,239.60
GCX GCX Metals Limited 0.046 -19% $9,288,934.70
MMI Metro Mining Ltd 0.021 -19% $58,281,008.97
EMH European Metals Hldg 0.645 -18% $79,109,491.56
NCR Nucoal Resources Ltd 0.009 -18% $6,917,511.19
CE1 Calima Energy 0.135 -18% $88,855,429.86
SGA Sarytogan 0.32 -18% $20,593,678.62
WCN White Cliff Min Ltd 0.0115 -18% $8,496,843.71
AHN Athena Resources 0.014 -18% $10,568,578.25
MRL Mayur Resources Ltd 0.07 -18% $16,908,056.41
OSX Osteopore Limited 0.14 -18% $17,003,894.51
ASR Asra Minerals Ltd 0.019 -17% $29,275,230.68
CAY Canyon Resources Ltd 0.049 -17% $40,321,103.20
X2M X2M Connect Limited 0.09 -17% $9,888,172.88
VIP VIP Gloves 0.01 -17% $9,441,377.22
IBX Imagion Biosys Ltd 0.035 -17% $42,606,304.29

 

The post Weekly Small Cap and IPO Wrap: Sezzle up 263% this week; Emerging Co’s up 11% this month; IMF useless all year appeared first on Stockhead.



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