News - Argonaut

Our Latest News

PT Merdeka Copper and Gold Celebration - Stan Wu, Greg Southee and Eddie Rigg

November 4, 2019

Stan Wu, Greg Southee and Eddie Rigg recently attended the PT Merdeka Copper and Gold TBK Hawaiian themed celebratory dinner in Bali. Argonaut acted as Joint Lead Manager with HSBC and Indo Premier in relation to a US$62m capital raising in July 2019.

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Site Visit to Carosue Dam

October 16, 2019

Junior members from Argonaut’s Corporate Finance and Stockbroking division recently attended a trip to Kalgoorlie to broaden their exposure to mining and improve their understanding of the natural resources industry. A key part of the trip was attending Saracen’s Carosue Dam operations (pictured), where we were kindly hosted by...

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Argonaut congratulates Margaret River Premium Meat Exports on a Successful Company Sale

September 12, 2019

Argonaut acted as Financial Advisor to Margaret River Premium Meat Exports Pty Ltd (“MRPME” or the “Company”), developer of the iconic “Margaret River Wagyu” brand and Western Australia’s largest producer and supplier of Wagyu Beef, for the 100% Company Sale to Stone Axe Pastoral Company Pty Ltd (“Stone Axe”)....

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Our Morning Notes

15/11/2019 – Argonaut Morning Note

November 14, 2019

Key News Overnight: U.S. stocks ended basically flat, with the S&P 500 stalling below all-time highs amid mixed data and mounting concerns over the China trade deal. Treasuries jumped, with 10-year yields down more than six basis points. U.S. Senate is preparing for accelerated passage of a law that would support...

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14/11/2019 – Argonaut Morning Note

November 14, 2019

Key News Overnight: Trade talks have hit a snag over China's farm-goods purchases, IP enforcement, and the timing of U.S. tariff rollbacks, while President Trump has said Beijing has agreed to buy up to $50 billion of American crops including soybeans and pork, Chinese officials are leery of a numerical...

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13/11/2019 – Argonaut Morning Note

November 13, 2019

Key News Overnight: Donald Trump said a "significant" phase-one trade deal with China could happen soon, but warned he'll "substantially raise" tariffs if no agreement is reached. The president also renewed his assault on the Fed, accusing the central bank of hurting the U.S. economy by not adopting negative interest...

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Our Latest Research

Swick (SWK) - 1Q20 Update, FY20 Guidance

November 11, 2019

A step change in the number of rigs deployed during 1Q20 boosted revenue, although impacted margin due to mobilisation costs. With steady state operation at new projects taking longer than we previously expected, we have pared back FY20 forecasts to match guidance (EBITDA similar to FY19). SWK’s focus is...

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Perenti (PRN) - Security Incident

November 8, 2019

The tragic and serious security incident near the Boungou mine in Burkina Faso has resulted in a number of fatalities and injuries to PRN’s and SEMAFO’s workforces. The mine’s operations have been suspended. While Boungou in isolation is not material to the PRN group, this incident is of a...

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Decmil (DCG) - Review

November 8, 2019

At the AGM this morning DCG remained upbeat on the outlook, with opportunities seen across all sectors. Contracted and preferred work in hand sits at ~$900m, and the Company has maintained guidance for construction revenue ~$700m in FY20. Indications that FY20 margins would be similar to 2H19 and that...

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