What’s Hot, Not & Doing
Brought to you by TSN Contributor & Wealth Advisor Nick Kelso
What’s Hot – DOU, 4DX, NYR, RTR, QPM & 4DS
What’s Not – SGR
What’s Hot
DOU – Doough Limited today closed up 100% to finish at 0.6c on $230k stock traded. The reason they were up today was because they announced the acquisition of Radical DBX Incorporated.
R-DBX is an embedded finance platform powering some of the leading fintechs, banks and credit unions in the USA.
The acquisition will provide a strong foundation for DOU to roll out its embedded finance platform Stakk in the US market.
R-DBX will also provide DOU with technology and a suite of established long-term client contracts that will generate a stable stream of income for the group which turned over $1.1m in CY23.
4DX – 4DMedical Limited today closed up 42% to finish at 63c on $5.5m stock traded. The reason they were up today was because they announced the signing of a comprehensive distribution agreement with Philips for its suite of products.
Philips is a market leading brand with a commanding commercial presence across government and non-government sectors.
This agreement establishes a transformative commercial pathway for 4DMedical’s product suite in the U.S, leveraging Philips’ long-established and significant existing commercial partnerships.
NYR – Nyrada Incorporated Limited today closed up 19% to finish at 6.9c on $200k stock traded. The reason they were up today was because they announced the successful completion of a dog toxicology study for its lead candidate, NYR-BI03.
NYR-BI03 has been developed to selectively block Canonical Transient Receptor Potential (TRPC) ion channels which are over-activated during brain trauma, causing calcium overload leading to brain cell death.
This 14-day study assessed NYR-BI03’s safety and tolerability profile focusing on general health, body weight, clinical pathology, and pharmacokinetics which measures drug exposure.
RTR – Rumble Resources Limited today closed up 16% to finish at 4.4c on $269k stock traded. The reason they were up today was because they announced Bain Resources Holdings had invested $1m @ 4c which represents a 5% premium to the last closing price of 3.8c.
Bain Resources Holdings Ltd (BRH) is an associated company of the large Indian contractor, BGR Mining & Infra Limited.
BGR is a major player in the Indian mining industry, it has executed more than 50 projects and currently has an order book of close to US$11 billion.
QPM – Queensland Pacific Metals Limited today closed up 15% to finish at 3.7c on $320k stock traded. The reason they were up today was because they announced a drilling update on its 7 production well drilling program located at Teviot Brook South.
The drilling of all vertical wells and 5 of the lateral wells has been completed with the drill rig currently on location drilling the 6th lateral which is scheduled to be completed by November.
The first two wells began flowing gas within days of commencement of water pumping operations and are showing encouraging gas flow and pressure trends.
4DS – 4DS Memory Limited today closed up 14% to finish at 8.8c on $690k stock traded. There was no news out today but last month they released its annual report which highlighted that imec had successfully completed the manufacture of the Fourth Platform Lot and shipped the Lot to its facilities in California.
4DS’ technology known as Interface Switching ReRAM, features tuneable persistence and low energy per bit for today’s most challenging compute intensive and AI processor applications.
Back in February, 4DS successfully completed further analysis of the Fourth Platform Lot and the results obtained were significantly better as compared to results announced last September.
What’s Not
SGR – The Star Entertainment Group Limited today closed down 44% to finish at 25c on $114m stock traded. The reason they were down today was because they released its FY24 results which revealed a statutory net loss of $1,685m after significant items.
Trading performance deteriorated over 2H FY24 and this trend has continued into the beginning of FY25 with an EBITDA loss of $6.6m in July alone.
Monthly operating expenses have trended up through 2H FY24 driven by an increase in ongoing transformation and remediation related activities offsetting The Star’s previously announced cost reduction program.
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).