What’s Hot, Not & Doing
Brought to you by TSN Contributor & Wealth Advisor Nick Kelso
What’s Hot – LNQ, ESK, SDV & CVV
What’s Not – AQZ & XYZ
What’s Hot
LNQ – LinQ Minerals Limited today closed up 25% to finish at 22.5c on $330k stock traded. There was no news out today but last week they announced drilling had commenced at its Dam Gold-Copper deposit within the Southern Zone of the Gilmore Project in NSW.
The program is designed to confirm downdip and along strike continuity and expansion of the higher-grade gold-copper core to a vertical depth of approximately 200m.
ESK – Etherstack Limited today closed up 20% to finish at 72c on $560k stock traded. The reason they were up today was because they announced its subsidiary Etherstack Pty Ltd was awarded a $2.5m defence contract with the Commonwealth of Australia in the field of advanced defence communications.
Management expects the contract revenues to be fully recognised prior to the 31st of December 2026.
ESK will provide the market updated guidance during the course of the week commencing the 10th of November in relation to the impact of this and other recent awards on FY2025 and FY2026 revenues.
SDV – Scidev Limited today closed up 19% to finish at 37c on $2.4m stock traded. There was no news out today but on Monday they announced a contract was awarded by McMahon Services Australia (NT) Pty Ltd valued at an estimated ~$19.5m.
The contract is for the Department of Mining and Energy’s Rum Jungle Rehabilitation Project, located just south of Darwin in Batchelor.
The contract covers the design and construction of a 30 litre-per-second multi-stage groundwater treatment plant to treat contaminated groundwater from legacy uranium mining at the former Rum Jungle Mine.
CVV – Caravel Minerals Limited today closed up 11% to finish at 19.5c on $680k stock traded. The reason they were up today was because they announced a non-binding memorandum of understanding (MOU) was signed with Kutch Copper Ltd (KCL), a subsidiary of Adani Enterprises.
Adani Enterprises Limited (A$46B market cap) is the flagship company of Adani Group, one of India’s largest business organisations.
The MOU supports Caravel’s financing strategy to advance the Caravel Copper Project toward a 2026 final investment decision (FID) by establishing a framework for funding and development collaboration.
What’s Not
AQZ – Alliance Aviation Services Limited today closed down 43% to finish at $1.45 on $8.6m stock traded. The reason they were down today was because they announced an updated FY26 earnings guidance.
AQZ now expects EBITDA to be $190m-$210m (down from consensus forecasts above $250m), EBIT of $77m-$85m and PBT of $46m-$50m.
The downgraded forecast is a result of increased purchase prices of aircraft and engines operating shorter sectors which, coupled with higher than budgeted capitalised base maintenance costs, have resulted in an increase of FY26 depreciation charges of $15m.
XYZ – Block Incorporated Limited today closed down 16% to finish at $95.12 on $37m stock traded. The reason they were down today was because they released its quarterly results which revealed a 2.3% increase in revenue to $6.1 billion.
XYZ also reported a 18% increase in gross profit to $2.66 billion, although it didn’t seem like that was enough to keep investors happy.
Cash App gross profit increased 24% year over year, driven by growth across Cash App Borrow, BNPL, and Cash App Card.
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).