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Month: May 2020

Macquarie Group (MGQ) +1.59%: traded higher with the market, or it could be that the market traded higher with Macquarie today. Overnight the investment bank managed to secure $US750m of tier 2 debt against the bank side of the business, at a margin of 295bps over Treasuries – a pretty tight number. They started marketing […]

  • Posted in ASX:MQG
  • Comments Off on Macquarie (MQG) secures more capital

Emeco Holdings (EHL) +2.84%: the contractor was higher today on updated guidance and a new contract win. Newly acquired subsidiary Pit N Portal secured a 5 year contract with Mincor (MCR) to develop the underground mining contract at the Kambalda Nickel site in WA – Mincor itself is an interesting smaller cap nickel name with […]

  • Posted in ASX:EHL
  • Comments Off on Emeco (EHL) wins new contract

Blackmores (BKL) Halted-: kept in a trading halt today as they try to raise around $115m to “accelerate growth initiatives” in an effort to produce more sustainable and profitable growth according to the announcement. The raise comes 3 months after a disappointing half year result where expectations were reset despite seemingly receiving a boost in […]

  • Posted in ASX:BKL
  • Comments Off on Blackmores (BKL) the latest to tap shareholders

Strandline Resources (STA) +6.67%: down the smaller end of the resources spectrum, Strandline is working to develop mineral sands projects in WA and Tanzania. The company presented today at a junior miners conference, particularly talking up their Coburn site in WA. Shaw & Partners’ Head of Research Andrew Hines is pretty keen on the stock, […]

  • Posted in ASX:STA
  • Comments Off on Strandine (STA) working on WA site
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