Why are Uranium Stocks falling today?
Australian uranium stocks have fallen hard today on the back of news flow from China.
National Storage REIT (NSR) raise money, up guidance
NSR Halt: the storage REIT spent the day in halt as they look to raise $325m in a non-renounceable entitlement offer.
Altium (ALU) shares rally with takeover play
ALU +39.03%: Our most recent purchase in the MM Flagship Growth Portfolio Altium (ALU) received a takeover approach over the weekend from Nasdaq Listed Autodesk.
Why are shares in The Reject Shop (TRS) down today?
TRS -10.28%: shares in discount supermarket business The Reject Shop have been sold off hard today.
Podcast Series: Direct From The Desk – Wisr (WZR)
Market Matters have launched a new podcast series, joined by a Shaw & Partners Equity Analyst to take a deep dive into a stock under their coverage.
Wisr (WZR) falls hard on capital raise
WZR -12.5%: the neo-lender came out of trading halt today after raising $50m through an institutional placement with the stock hit hard.
Centuria Industrial REIT (CIP) hikes asset values
CIP -0.82%: received strong independent valuations for their property holdings today however that failed to really help the stock higher.
Why have Nuix (NXL) shares fallen again today?
NXL -17.8%: the data analytics company downgraded guidance for the second time in 6 weeks today.
Dexus (DXS) upgrades dividend expectations
DXS +0.48%: one of the strong names in the REITs today was office landlord Dexus which we own in the Income Portfolio.
Economic data for the week ahead
The week gets off to a slow-ish start with the US enjoying a long weekend for Memorial Day tonight.
Ive Group (IGL) share price rebounds with strong guidance
IGL +10.89%: The integrated marketing business,Ive Group popped to a two-week high today.
Technology One (TNE) price fluctuates on 1st half report
TNE +2.11%: the SaaS business presented half year numbers to the market, the stock closed higher though gave up ground intra-day.
Zip Co (Z1P) buys it’s way into Europe, Middle East
Z1P +0.85%: announced the acquisition of 2 small players for around $180m today.
EML Payments (EML) shares tank on Irish Regulator
EML Payments (EML) is held in the Emerging Companies Portfolios and fell ~50% this week, we’re now marginally down on this position having been up significantly.
Why did St Barbara (SBM) shares get smashed today?
SBM -9.02%: the gold producer was hit hard today with operational issues plaguing two of their mines.
Why did Elders (ELD) shares fall today?
ELD -3.43%: the early read through for Elder’s first half result today was positive, however they talked down the outlook which weighed on the stock through the session.
The Tax Payer to prop up refinery profits
VEA +7.04% / ALD +6.09%: the fuel businesses received a boost from the taxpayer today with the Government announcing a $2b support package
What does Dexus (DXS) takeover of APN mean for shares?
DXS +1.76%: one we hold in the Income Portfolio, Dexus made a move on property fund manager APN (APD) today.
What happened to Boral (BLD) shares today?
BLD +3.38%: one of the few to trade higher today, construction materials business Boral saw a bid from Kerry Stokes’ Seven Group (SVW).
What does Star Group (SGR) merger with Crown (CWN) mean for shares?
CWN +7.26%: the resort and casino operator was thrown a life line from its nearest competitor Star Entertainment (SGR), offering a merger of equals.
Why have A2 Milk (A2M) shares fallen today?
A2M -13.11%: revised guidance lower again today, saying the hopefully pickup in demand hadn’t eventuated.
