Broker Spotlight

Broker Spotlight brings some of the more intriguing and topical analyst coverage to centre-stage. The daily column aims to illuminate thoughts and opinions behind the big stories. London is one of the financial capitals of world. The influential and closely followed views of its analysts regularly move markets and split opinion. The Broker Spotlight column arms Proactive readers with the added insight from the often colourful thoughts and headline-grabbing valuations from the City’s analyst community.

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  • ASX200 falls 1.4%, bright spots remain

    8:10 am

    ASX200 falls 1.4%, bright spots remain

    Australian stocks have marked their biggest fall since Mid-March with the ASX200 down 1.4% to 5,556.4 points. The Shanghai Stock Exchange Composite Index  fell 0.48% while in pre-open markets the Dow Mini gained 28 points to 16,522.

  • Cape Lambert Resources reaches settlement with ATO

    6:45 am

    Cape Lambert Resources reaches settlement with ATO

    The settlement with the ATO is a significant for Cape Lambert Resources given that it removes the remaining liability of $79 million through the final payment of just $2.4 million. It will now finalise plans for a distribution to shareholders and focus on the Marampa Iron Ore Project in Sierra Leone.

  • Alexium International Group targets revenue growth in next quarter

    3:40 am

    Alexium International Group targets revenue growth in next quarter

    Alexium has over a dozen development/trial projects with potential customers that resulted from its attendance at North America’s only trade show dedicated solely to technical textiles. Each project represents a significant ($0.5 million) pa. ave. revenue opportunity with small sales on all products already booked for the upcoming quarter.

  • MacPhersons Resources raises A$8M, fully-funded for Nimbus BFS

    3:30 am

    MacPhersons Resources raises A$8M, fully-funded for Nimbus BFS

    MacPhersons has received a major vote of confidence from Orion Mine Finance which has subscribed for $6.3M worth of shares, supported by chairman Ashok Parekh who subscribed for A$1M. The Nimbus BFS is now fully-funded.