What’s Hot, Not & Doing
Brought to you by TSN Contributor & Wealth Advisor Nick Kelso
What’s Hot – 88E, TTI, NVQ, KM1, LTR & HUB
What’s Not – CVN
What’s Hot
88E – 88 Energy Limited today closed up 100% to finish at 0.2c on $100k stock traded. The reason they were up today was because they released its quarterly report which highlighted the progress made with its joint venture partner Burgundy.
Burgundy has reaffirmed its commitment to 88E’s 75% owned Pheonix Project and expressed strong interest in providing a full carry for the CY25/26 work program in exchange for an additional working interest in the project.
The CY25/26 work program includes drilling and completing a horizontal test well at the Franklin Bluffs pad location, along with an extended well test on the SMD-B reservoir.
TTI – Traffic Technologies Limited today closed up 33% to finish at 0.4c on $180k stock traded. The reason they were up today was because they announced a contract was awarded from the Sydney City Council to supply Smart City IoT ready LED streetlights.
The contract provides for the supply of LED streetlights for use in the public domain, including roads, parks, plazas, laneways and footways.
The LED streetlights supplied under the contract will provide for bulk replacement of existing LED streetlights at end of service life as well as network growth, renewals and maintenance.
NVQ – NoviqTech Limited today closed up 21% to finish at 9.9c on $1.9m stock traded. There was no news out today but last week they announced the undertaking of a pro-rata non-renounceable entitlement issue of loyalty options.
Under the Offer, NVQ will be issuing two new options for every three Shares held at an issue price of 0.2c and an exercise price of 20c.
Last week, NVQ also announced the successful completion of all onboarding steps for GRR’s (global resource recovery) sustainability initiatives, facilitated through their Carbon Central platform.
LTR – Liontown Resources Limited today closed up 12% to finish at 70.5c on $30m stock traded. The reason they were up today was because they released its quarterly report which highlighted spodumene concentrate production to 88,683 dry metric tonnes (dmt) which represents a 215% increase on the previous corresponding period (pcp).
Liontown also reported a 674% increase in revenue to $89.8m on the pcp along with a reported all in sustaining costs (AISC) of US$763/dmt with a realised sale price of US$806/dmt.
All In Sustaining Costs = AISC for any of the plumbers on this list.
Liontown continued to burn through its cash on hand with its bank balance dropping 27% from $263.1m to $192.9m.
HUB – HUB24 Limited today closed up 11% to finish at $72.43 on $34m stock traded. The reason they were up today was because they released its quarterly report which highlighted a 23% increase in platform net inflows of $5.5B in comparison to the previous corresponding period (pcp).
As a result of the increased net inflows, HUB’s platform total funds under administration (FUA) increased by 33% on the pcp to $120.9B.
During the quarter, 40 new distribution agreements were signed and the total number of advisers using the platform increased by 166 to 4,886, up 14% on pcp.
What’s Not
CVN – Carnarvon Energy Limited today closed down 23% to finish at 12c on $3.6m stock traded. The reason they were down today was because they announced an update on the Dorado Phase 1 liquids development and the greater Bedout permits.
The Dorado JV operator (Santos STO.asx) has decided not to purchase the floating production storage and offloading (FPSO) vessel that had been identified as an option for the Dorado Phase 1 liquids development project.
Santos has also decided to not enter the front-end engineering and design (FEED) at this stage which means the final investment decision (FID) which was expected in 2025 has now been delayed.
Rats Rant – IMPORTANT INFORMATION
The idea of this report is to be informative and hopefully point out some stocks that you wouldn’t ordinarily have seen during the day, maybe even have a laugh too.This report IS NOT personal advice. Sanlam Private Wealth Pty Ltd DOES NOT PROVIDE personal advice, Sanlam Private Wealth provides General Financial Product Advice.All advice included in The Rat’s Rant is General Advice. Please refer to the General Advice Warning. The views expressed in this report are my views and may not necessarily reflect the same views as Sanlam Private Wealth.It is very important to refer to the ASX website for information on any companies / stock that are contained in this report and as always please consult your financial adviser before acting.
Important Notice
Rat Consulting Pty Ltd (ABN 81 148 181 588 ) Authorised Representative (No 001281456) of Sanlam Private Wealth Ltd (ABN 18 136 960 775) holder of Australian Financial Services Licence (AFSL 337 927).