ArgonautArgonautArgonautArgonaut
  • About Us
    • Business Model
    • Regulation
    • Community
    • Jason and the Argonauts
    • Disclaimer and Disclosure
  • Corporate Finance
  • Stockbroking & Research
    • Stockbroking
    • Research
    • Best Execution Policy
    • Administration Forms
    • Open an Account
  • Special Situations
  • News
    • Latest News
    • Morning Notes
    • Latest Research
  • Contact
    • Careers
      • Advisers
      • Graduate Program
      • Internship Program

15/09/2015 Argonaut Morning Note

    Home Stockbroking & Research Morning Notes 15/09/2015 Argonaut Morning Note
    NextPrevious

    15/09/2015 Argonaut Morning Note

    By admin | Morning Notes | 0 comment | 14 September, 2015 | 0

    Market Update & Important Indicators

    Global stocks slipped after a renewed selloff in China, as investors await an interest-rate decision from the U.S. Federal Reserve later in the week. About 46% of economists surveyed by The Wall Street Journal in September expected the Fed to raise rates this week, compared with 82% in an August survey. The Dow declined 0.4%, or 62 points, to 16,371. The S&P 500 and NASDAQ dropped by similar percentages.

    In Europe, most major indexes gradually moved lower as the session progressed, although Germany's DAX bucked the trend, closing 0.1% higher. In Asia, China shares finished lower in tumultuous trading, as weak data on Chinese factory output pulled prices down despite apparent efforts by Beijing to prop them up. The Shanghai Composite Index finished off 2.7%, paring losses in the last half hour after being down as much as 4.7% during the afternoon session. Markets elsewhere were mixed. The Nikkei Stock Average fell 1.6% while the Hang Seng climbed 0.3%.

    Commodities were largely lower overnight. Crude fell, with Brent down 3.7% to $46.37/bbl and WTI off 1.4% to $44.00/bbl. Iron ore lost 1.5% to $58.10/t. Most base metals were weaker as copper and nickel lost 1.1% and 3.7% respectively. Gold, however, remained steady at $1,108/oz.

    In This Issue

    Threat Protect (TPS) | SPEC BUY
    We initiate coverage of Threat Protect with a Speculative Buy recommendation and a valuation of $0.033. The recent $5.5m capital raise provides the funding to complete the acquisition of two businesses that will double Threat Protect’s monitored line client base. With significant additional capacity and operating leverage at the A1-graded control room, we expect the well-articulated roll-up strategy to result in a growing client base and strongly improving margins and earnings. There is upside to our base case valuation as this strategy unfolds.

    Recent Contacts & Presentations

    Tox Free Solutions (TOX), AWE Limited (AWE), Ausdrill (ASL), GR Engineering (GNG), Medusa (MML), Resolute (RSG), Kingsgate (KCN), Troy (TRY), Northern Star (NST), Sandfire (SFR), Regis (RRL), Saracen (SAR), Sino Gas & Energy (SEH), Dacian (DCN), Buru Energy (BRU), Carnarvon Petroleum (CVN), Otto Energy (OEL), Empire Oil & Gas (EGO), FAR Limited (FAR), Central Petroleum (CTP), Senex Energy (SXY)

    Please read Argonaut's Important Disclaimers & disclosures

    Log in to the client area below to download the full Morning Note PDF

    Argonaut Morning Note

    No tags.

    NextPrevious
    • About Us
      • Business Model
      • Regulation
      • Community
      • Jason and the Argonauts
      • Disclaimer and Disclosure
    • Corporate Finance
    • Stockbroking & Research
      • Stockbroking
      • Research
      • Best Execution Policy
      • Administration Forms
      • Open an Account
    • Special Situations
    • News
      • Latest News
      • Morning Notes
      • Latest Research
    • Contact
      • Careers
        • Advisers
        • Graduate Program
        • Internship Program
    Argonaut

    Argonaut | The Natural Choice in Resources.
    © 2022 Argonaut.

    Corporate Finance
    Stockbroking & Research
    Contact Us

    Argonaut | Perth

    Level 30, Allendale Square, 77 St Georges Terrace Perth, WA, 6000 Australia

    clientservices@argonaut.com

    ABN 72 108 330 650

    Argonaut | Login

    Client Area Help
    Register for Access to Client Area
    Privacy Policy
    Financial Services Guide 
    Website Disclaimer

    Copyright 2022 | Website ⚡ by Start Digital