Australian uranium stocks have fallen hard today on the back of news flow from China.
NSR Halt: the storage REIT spent the day in halt as they look to raise $325m in a non-renounceable entitlement offer.
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.
TRS -10.28%: shares in discount supermarket business The Reject Shop have been sold off hard today.
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.
WZR -12.5%: the neo-lender came out of trading halt today after raising $50m through an institutional placement with the stock hit hard.
CIP -0.82%: received strong independent valuations for their property holdings today however that failed to really help the stock higher.
NXL -17.8%: the data analytics company downgraded guidance for the second time in 6 weeks today.
DXS +0.48%: one of the strong names in the REITs today was office landlord Dexus which we own in the Income Portfolio.
The week gets off to a slow-ish start with the US enjoying a long weekend for Memorial Day tonight.
IGL +10.89%: The integrated marketing business,Ive Group popped to a two-week high today.
TNE +2.11%: the SaaS business presented half year numbers to the market, the stock closed higher though gave up ground intra-day.
Z1P +0.85%: announced the acquisition of 2 small players for around $180m today.
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.
SBM -9.02%: the gold producer was hit hard today with operational issues plaguing two of their mines.
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.
VEA +7.04% / ALD +6.09%: the fuel businesses received a boost from the taxpayer today with the Government announcing a $2b support package
DXS +1.76%: one we hold in the Income Portfolio, Dexus made a move on property fund manager APN (APD) 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).
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.
A2M -13.11%: revised guidance lower again today, saying the hopefully pickup in demand hadn’t eventuated.