Argonaut | The Natural Choice in Resources

Argonaut is a full service advisory, stockbroking & research and investment house with offices in Perth and Hong Kong. Argonaut is technically driven & focused on natural resource companies & businesses that service the metals, mining, energy and agri-business sectors. Argonaut has an established track record of creating significant wealth for clients.

Morning Notes

U.S. stocks rallied Thursday at the end of a tempestuous first half of the year. Stock markets extended gains after Bank of England Gov. Mark Carney predicted the central bank would need to cut its key interest rate over the summer. Investors have been expecting a policy response in the wake of the U.K.'s vote to leave the European Union, including further stimulus from the European Central Bank. Mr. Carney said an initial assessment of the economic impact from the referendum result would be made at the July meeting. Thursday's moves come after stocks in Europe and the U.S. posted their largest two-day gain since February on Tuesday and Wednesday, with two of the year's best days chipping away at two of the year's worst in the wake of the U.K. vote. The moves put the Dow industrials on track to rise 1.3% in the quarter and 2.8% for the year to date.

More >

Latest Research

With guidance for full year NPAT of $6.4-6.7m, PGC will deliver 2H16 numbers ahead of our prior forecasts. Cash flow, the weak area in the 1H numbers, was much improved in the 2H based on a closing cash position of $17m. In our view management has done a commendable job delivering strong financials while integrating large acquisitions and moving premises. We like the business model and expect PGC to become a larger integrated supplier to the healthcare industry on the back of further organic and acquisitive growth. We maintain a buy call on a valuation of $0.90 (prior $0.85).

More >

Latest News

Argonaut as Lead Manager has been successful in raising of A$2.03 million for Marindi Metals Limited (ASX: MZN) (“Marindi”) to existing shareholders and new sophisticated and professional investors of 203,000,000 new ordinary shares at an issue price of A$0.01 per share. The company has also launched a Shareholder Purchase Plan (“SPP”) to raise an additional $1M.

More >