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Month: December 2019

Salary packaging business SmartGroup (SIQ) has declined from an October high of $12.65 to settle yesterday at ~$7, a painful ~44% decline thanks to a number of issues, however as we often say, the elastic band often stretches too far in both directions. Today, SIQ trades on a Est P/E for FY20 of 11.3x while […]

  • Posted in ASX:SIQ
  • Comments Off on SmartGroup (SIQ) – trap or treasure?

**This is an extract from the Market Matters Morning Report from 14 December. Subscribers have the opportunity to ask questions of the Market Matters team throughout the week. Click here to get access to the full report and more Question 2 “Hi, Great note – always of great value. When you say  portfolios should be […]

  • Posted in ASX:NWH, ASX:TLS
  • Comments Off on Subscriber Questions – Bonds, TLS & NWH

Perenti (PRN) $1.60 Mining services firm Ausdrill has had a tough time trading since changing its name to Perenti with the slide picking up pace today. Shares were off after the company announced an equipment hire contract with Ghana Manganese Company (GMC) had been terminated. The decision by GMC was a result of pressure from […]

  • Posted in ASX:PRN
  • Comments Off on Perenti loses a contract, shares tumble

Northern Star (NST) $10.24 Shares in the gold miner are rallying again today after successfully completing a $A800m placement to fund the $US800m purchase of the Newmont stake in WA’s Super Pit mine. The deal follows Saracen (SAR), who bought the other stake of Barrick Gold last month. Norther Star paid a small amount more for […]

  • Posted in ASX:NST
  • Comments Off on Northern Star completes cap raising, buys Super Pit stake
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