Quarterly Coverage Update As we close out the year, we are pleased to release our Q4/24 recap report, showcasing all the research content we have published over the past three months. This quarter, we introduced short-form company overviews, sharing them across our new TikTok page as well as LinkedIn, YouTube, and X (Twitter) to provide a brief introduction to some of our covered companies. We also proudly hosted Atrium Research’s inaugural Mining Investor Event, which brought together clients,...
Quarterly Coverage Update As we enter the final quarter of the year, we are excited to release our quarterly recap report to update our readers on all the research content we have published in the last three months. This quarter included substantial momentum across several sectors, with strong performance from the companies we cover. Omai Gold Mines (+55%) led the way, followed by Allegiant Gold (+27%), Moon River Moly (+11%), and BQE Water (+10%). This quarter has been our most active yet, ma...
What you need to know: • Kontrol Technologies recently completed the sale of two subsidiaries for over $24M, allowing it to pay off all of its debt and reach a net cash position of $11.5M. KNR plans to reinvest the proceeds into organic growth, tuck-in acquisitions and stock buybacks. • KNR operates in two secular growth markets, smart building technology and HVAC services, providing a backing for future organic growth. • Given its large cash balance, KNR trades at only 0.5x 2025E EBITDA Kontro...
Lake Resources NL is resuming coverage, with its flagship Kachi lithium brine project in Catamarca province, Argentina, being a key focus. The Kachi project holds a large lithium brine resource of 10.6 Mt LCE at 218 mg/L, with a 2023 Definitive Feasibility Study (DFS) projecting an After Tax-NPV8% of US$1.7B at a lithium carbonate price of US$28k/t. Even at a lower five-year average price of US$21k/t, the project is estimated to have an AT-NPV8% of US$0.8-US$1.0B. Lake Resources stands out as t...
A director at Lake Resources maiden bought 520,369 shares at 0.137AUD and the significance rating of the trade was 54/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the last two years...
Full Article at IIR has reaffirmed its Recommended rating for PIA after undertaking a review post the appointment of a new Portfolio Manager, Harding Loevner. The full report can be found on the IIR website. On 26 July 2021, Pengana International Equities Limited (PIA) announced a fully franked dividend of 1.35 cents per share for the June quarter. This represents an 8% increase on the March quarter dividend and takes the total dividends declared for FY21 of 5.1 cents per share, fully franked....
NEWS SUMMARY: EUSKALTEL. MARKETS YESTERDAY AND TODAY Despite uncertainties surrounding Covid and China, the S&500 hit new record highs European stock markets continued to see moderate gains during the entire session, underpinned by the bullish US opening that hit new record highs and by the good earnings season. In the Euro STOXX, Industrials and Leisure (both linked to airline traffic and tourism) in addition to Insurance and Real Estate led gains vs. the falls of discretionary consumer sec...
COMPAÑÍAS QUE APARECEN EN EL INFORME: ESPAÑA: EUSKALTEL. EUROPA: ALLIANZ, ING GROEP. Incluido en el informe diario de hoy, y durante toda la campaña de resultados, incorporamos al final una presentación con previews de Rdos. 2T’21 que se publicarán en Europa en los próximos días. A pesar de las incertidumbre sobre el Covid y China el S&P 500 marca nuevos máximos Las bolsas europeas mantuvieron ganancias moderadas durante toda la sesión apoyadas en la apertura alcista de EE.UU. que acabo marcan...
NEWS SUMMARY: BANKING SECTOR, EUSKALTEL, SIEMENS GAMESA. MARKETS YESTERDAY AND TODAY Stock market rally The positive US opening and the expectations about the 2Q’21 earnings season fuelled European stock markets, which ended with gains despite the initial doubts. Within the Euro STOXX, the best-performing sectors were Utilities and Real Estate whereas Travel&Leisure (hit by the increasing number of cases of the delta variant) and Basic Resources where the only sectors not ending with gains. On...
COMPAÑÍAS QUE APARECEN EN EL INFORME: ESPAÑA: EUSKALTEL, SIEMENS GAMESA. EUROPA: SECTOR BANCOS EUROPA Remontada en las bolsas La buena apertura en EE.UU. y las expectativas sobre la campaña de resultados del 2T’21 animaron a las bolsas europeas, que terminaron en ganancias a pesar de un inicio con dudas. En el Euro STOXX los mejores sectores han sido Utilities e Inmobiliario mientras que Viajes&Ocio (perjudicado por el avance de los contagios de la variante delta) y R. Básicos fueron los únicos...
NEWS SUMMARY: EUSKALTEL, FERROVIAL REPSOL. MARKETS YESTERDAY AND TODAY Slight gains with the US closed The session began with losses on the markets, but following the release of the final Services PMI in the euro zone, the indices turned around and ended the session with gains, with peripheral indices (MiB and IBEX) leading the way. The best-performing sectors in the Euro STOXX were Banks and Basic Materials, whereas Pharma and Media were the worst relative performers. On the macro side, in th...
COMPAÑÍAS QUE APARECEN EN EL INFORME: ESPAÑA: EUSKALTEL, FERROVIAL, REPSOL. EUROPA: AIRBUS. De menos a más con EE.UU. cerrado La jornada comenzó con pérdidas, pero tras la publicación de los datos finales de PMI de servicios de la Eurozona, los índices giraron al alza y terminaron la sesión con ganancias, con los periféricos (Mib e Ibex) liderando los avances. Los mejores sectores del Euro STOXX fueron Bancos y Recursos Básicos mientras que Farma y Media terminaron con el peor comportamiento ...
NEWS SUMMARY: ACS, EUSKALTEL, GRUPO CATALANA OCCIDENTE, IBERDROLA, OHL. MARKETS YESTERDAY AND TODAY Stock markets unaffected by the good macro data The European stock markets were unaffected by the good macro data and the slightly bullish US opening, posting generalised losses that exceeded -1% in the case of the Dax or the Ibex. Thus, within the Euro STOXX, all sectors except Food and Basic Resources closed in the red, with Retail and Utilities being the worst relative performers. On the macr...
COMPAÑÍAS QUE APARECEN EN EL INFORME. ESPAÑA: ACS, EUSKALTEL, GRUPO C. OCCIDENTE, IBERDROLA, OHL. Los buenos datos macro no consiguen impulsar las bolsas A pesar de los buenos datos macro y de la apertura de EE.UU. ligeramente alcista, las bolsas europeas no se vieron beneficiadas y cerraron con pérdidas generalizadas, que en el caso del Dax y el Ibex superaron el -1%. Así, en el Euro STOXX todos los sectores menos Alimentación y R. Básicos cerraron en negativo, con Retail y Utilities mostrando...
NEWS SUMMARY: BBVA, CAF, EUSKALTEL, SACYR. MARKETS YESTERDAY AND TODAY The IBEX will fall below 9,000 points today European stock markets closed on Friday a session of sharp drops (more than -1.5%), which erased the slight gains earned over the week (drops of more than -1.0% except the CAC and Swiss SMI). It was a black Friday that coincided in Europe with the quarterly futures and options expiries, and in the US with statements from the Chairman of the Saint Louis Fed, James Bullard, who admi...
COMPAÑÍAS QUE APARECEN EN EL INFORME. ESPAÑA: BBVA, CAF, EUSKALTEL, SACYR. EUROPA: PROSUS, VIVENDI. El Ibex perderá hoy los 9.000 puntos Las bolsas europeas cerraron el viernes con una jornada de fuertes pérdidas (> al -1,5%) que revirtieron las ligeras ganancias de la semana (caídas superiores al -1,0% a excepción del CAC y el SMI suizo). Viernes negro que coincidió en Europa con los vencimientos trimestrales de futuros y opciones y en EE.UU. con unas declaraciones del Presidente de la Fed de...
NEWS SUMMARY: ELECTRICITY SECTOR, EUSKALTEL, NH HOTELS. MARKETS YESTERDAY AND TODAY The Fed moves forward the rate rise to 2023 In a session marked by the Fed meeting, European stock markets ended the session with slight gains except for the IBEX and DAX although US indices fell after the Fed meeting. Within the Euro STOXX, the best-performing sectors were Travel & Leisure and Utilities (given the gains of renewables following the takeover bid on Solarpack), whereas the worst performers were B...
COMPAÑÍAS QUE APARECEN EN EL INFORME. ESPAÑA: EUSKALTEL, SECTOR ELÉCTRICO, NHH. La Fed adelanta su subida de tipos a 2023 En una jornada marcada por la reunión de la Fed, las bolsas europeas terminaron la sesión con ligeras ganancias a excepción del Ibex y del Dax, mientras los índices estadounidenses retrocedieron. Dentro del Euro STOXX los mejores sectores fueron Viajes&Ocio y Utilities (por el impulso de las renovables tras la OPA sobre Solarpack), mientras que el peor comportamiento corri...
1Q'21 vs. 1Q'20 Results Sales: € 174.2 M (+1.4% vs. +0.8% expected); EBITDA: € 73.0 M (-16.8% vs. -12.2% expected); Net Profit: € -2.1 M (€ 19.1 M in 1Q'20 vs. € 10.2 M expected); The results were marked by the national expansion of Virgin and by the TOB from MásMóvil under way (admitted by the Spanish watchdog on 20/04 and pending approval). The client base grew by +24,000 (+2.8%, 21,000 fixed-line and 3,000 only mobile), with 30,000 new clients for Virgin (5,000 only mobile), whose total now r...
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