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Month: September 2019

Stock Sims Metals (SGM) $10.87 as at 16/09/2019 Event Scrap metals trader Sims has seen its profits slump in the first half on falling commodity prices, enough to warn the market just a few months into the year. The company said that the trade escalation continued “to reduce the demand for steel and aluminium” to […]

  • Posted in ASX:SGM
  • Comments Off on Sims suffers commodity pain

Stock Bellamy’s Australia (BAL) $12.89 as at 16/09/2019 Event Baby formula and organic food producer Bellamy’s has soared today on news the board has recommended a takeover offer from China Mengniu Dairy. The bid values Bellamy’s at $1.5b or $13.25 a share which was a 59% premium to last close. In response, BAL shares are […]

  • Posted in ASX:BAL
  • Comments Off on Bellamy’s (BAL) shares spike on takeover

**This is an extract from the Market Matters Weekend Report from 8 September. Click here to get access to the full report and more Chart of the week. The US NASDAQ often leads American stocks and at present its climbing a wall of worry in our opinion, a break below the rising trendline shown below […]

  • Posted in Technical Views
  • Comments Off on Calls for the week – NASDAQ, Aristocrat (ALL) and AMP

Stock Synlait Milk (SM1) $8.26 as at 12/09/2019 Event New Zealand based dairy processing and products company Synlait, a new addition to the S&P/ASX 300 index has seen its shares tumble today on a soft full year report that missed at the profit line by more than 6%. A small miss on the revenue line […]

  • Posted in Uncategorized
  • Comments Off on Synlait (SM1) share price lower with margin squeeze
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