What’s Hot, Not & Doing
Brought to you by TSN Contributor & Wealth Advisor Nick Kelso
What’s Hot – LRV, CTT, AHX, OMA, PBH & OSM
What’s Not – STM
What’s Hot
LRV – Larvotto Resources Limited today closed up 18% to finish at 39c on $2.5m stock traded. The reason they were up today was because they announced The Bank of Nova Scotia and its controlling entities had become a substantial shareholder.
There were more than 16.4m shares (5.31% interest) purchased on market from the 19th of August to just last week, with purchase prices ranging from 24.5c to 40.3c.
Makes sense now why they been mentioned in here a lot lately, the old Nova Scotia been on the hoover.
CTT – Cettire Limited today closed up 18% to finish at $1.725 on $12m stock traded. There was no news out today but late last month they released its preliminary full year results which revealed a 34% decline in net profit after tax (NPAT) to $10.47m.
Notwithstanding the impact of increased growth investment, Cettire achieved full year adjusted EBITDA growth of 11% to $32.5 million and increased its delivered margin by 62% to $155m.
Since the start of FY25, the global luxury sector has continued to experience softer trading conditions.
AHX – Apiam Animal Health Limited today closed up 17% to finish at 56c on $200k stock traded. There was no news out today but late last month they released its full year report which highlighted a 23.3% increase in underlying EBITDA to $15.8m.
AHX’s revenue grew by 6.2% to $204.8m (FY23: $192.8m) which was supported by a strong revenue performance in its beef feedlot business as well as acquisitions executed early in the first half of FY24.
Apiam’s operating expenses on a like-for-like basis fell 2.5% in FY24, a strong result given the inflationary environment over the period.
OMA – Omega Oil & Gas Limited today closed up 13% to finish at 26c on $350k stock traded. The reason they were up today was because they announced a rig was being mobilised to its Canyon-1H Project located in QLD.
The program is planned to drill a 600m to 1,100m horizontal section, OMA then plans to complete a multi-stage hydraulic fracture stimulation, flowback and production test.
The thick, attractive Permian sequence that extends across the entire area of its Canyon gas field project comprises the Canyon Sandstone, together with other sandstones identified by Omega.
The rig has the capacity to drill beyond the planned total depth of Canyon-1H with spare operational capability should it be required.
PBH – Pointsbet Holdings Limited today closed up 12% to finish at 57c on $13m stock traded. There was no news out today but last month they released its full year report which highlighted a record quarterly cash flow performance of $7.1m.
The record cash flow has been driven by a record full year group net win of $267.1 million, up 16% on FY23.
PBH continues to invest for further growth, in particular in their core technology and product capabilities and through their strategic marketing investment.
OSM – Osmond Resources Limited today closed up another 10% to finish at 18c on $200k stock traded. There was no news out today but last Friday they announced an agreement was executed to acquire up to an 80% interest in Iberian Critical Minerals (ICM).
ICM has the right to earn a 90% interest in Green Mineral Resources (GMR), who holds a 100% interest in the rights and title to the Orion EU Critical Minerals Project located in Spain.
Orion contains a siliciclastic geological system with various layers rich in critical minerals including rutile (titanium), zircon, hafnium, and light and heavy rare earths.
What’s Not
STM – Sunstone Metals Limited today closed down 14% to finish at 0.6c on $170k stock traded. The reason they were down today was because they announced a placement to raise $2.5m @ 0.5c through the boys and girls at Morgans Corporate & Canaccord Genuity.
STM also intends to raise a further $2m through a share purchase plan, directors will be throwing in $130k in the placement, subject to shareholder approval.
The proceeds will be used to fund the preparation of the maiden El Palmar mineral resource estimate and continue exploration activities at the high-grade Limon deposit (located at Bramaderos) to enable a maiden Limon mineral resource in 2025.
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).