Once again, running through some announcements that caught my eye during the week. As always, these are more for building a watchlist rather than trading at the moment.
ERD - Eroad - is a fully integrated technology, tolling and services provider. NZ company. Released results presentation on Monday. Metrics looked good with free cash flow, revenue, EBIT and NPAT all up. Cashflow positive. Market cap now $260m. SOI around 187m. Chart had been in a downtrend for 2 years from 2021-2023 then was trading largely sideways in a range for 2 years. Broke out on this announcement and has pretty much gone parabolic this week. Worth a look. Unsure whether it's more for an investment stock or a trader but seems pretty solid.
ARN - Aldoro Resources - rare earths and nickel projects in WA and Namibia. Announced that they are undertaking a strategic review of their non-core assets after being approached by parities expressing an interest in those assets. Market cap $57m, SOI around 178m. Chart has largely traded sideways in a range this year although there have been a couple of SP spikes. Only caught my attention because of the potential to be interesting IF they do sell some assets. Or might be a total yawn. Watching in case something happens.
GMD - Genesis Minerals - gold producer - announced an agreement to buy the Laverton Gold project from Focus Minerals (FML). FML shareholders on the threads felt that the asset was worth more so perhaps GMD got a bargain? Dunno. Market cap $5.3b. SOI around 1.1B. SP $4.72. Chart has been on a nice uptrend for a year (since moving to production?). Lovely looking chart.
KAU - Kaiser Reef - gold explorer and producer - well know to regulars on this forum - announced record breaking first weekly gold pour at Henty. Market cap around $110m, SOI around 594m. Chart still largely trading sideways in a range.
4DX - 4DMedical - filed FDA submission for lung imaging. Average time for FDA 510(k) decision is approximately 120 days. MC around $158m. SOI around 466m. SP moved up a bit on the announcement but is still largely bouncing along the bottom. One to watch in a few months as they get closer to the decision date.
PCK - Paincheck - mentioned during the week. The announced a partnership with Eldermark Software in the US. Eldermark is a major provider of care management systems in the US. Chart looking great. Been tipped a couple of times in the STT comp. MC around$100m. SOI 1.8B. Has a bit of a checkered history with negative sentiment from previous shareholders. Interestingly enough, in the video posted by @togakure above, Gary Glover said he wouldn't touch it, although he also said he hasn't followed it recently and doesn't know if they have changed. Seems that history really has dented sentiment.
M3M - M3 Mining - doing their best impression of Days of Our Lives. Announced they were going to do an acquisition and then announced it wasn't going ahead. Announced they were going to have a meeting and then didn't. Currently in a halt for an announcement about the board and the non-meeting. Don't follow closely enough to know what is happening but it looks like full-on drama. Chart is terrible, shareprice is in the toilet. It was on the shell list posted a few weekends ago, so maybe something will happen there someday.
IFG - Infocus Group - a data analytics and software solutions company - announce contract worth USD 3.25m contact over the next 24 months. Contract may be terminated at any time. Maybe that's the catch. MC $1.6m SOI around 262m. Seems an incredibly big contact for and incredibly small company. SP jumped on the news but dropped back. I thought it was more positive but maybe it's the termination comment that has people wanting to see it deliver before they buy or perhaps this company also has a history that brings a lot of baggage with it. On the 5 year chart, it looks like it has been on a downtrend from around $1 to now being 0.6c. Had a bit of interest for a while in November last year and the SP rose to over 4c before resuming a downtrend. It's been trading sideways around 0.4c-0.6c for a couple of months now. Now I'm thinking it's more one to avoid than one to watch. Dunno.
ATA - Atturra - technology solutions, announed they were acquiring DalRae Solutions for around $20m. They expect the acquisition to be EPS accretive in FY26. Market cap $328m. SOI around 381m. I thought it sounded good at a glance. Market pretty much yawned. Chart has largely been trading sideways in a range for the last 3 years.
SXT - Southern Cross Gold - Announced good gold results on Wed 28th. High grades but narrow widths. Recently listed so my chart is only from Feb this year. Been a bit parabolic since March. Market cap $943m. SOI 145.8m. With a market cap like that, there must be a bit of history here that I'm not aware of. A spin out from another company, perhaps. One to watch perhaps, but looks too hot for me.
ARX - Aroa Biosurgery - another NZ company. Does wound care and soft tissue regeneration. Released results on Thursday and exceeded guidance. Operating cashflow positive. Outlook positive. Market liked the results. Market cap $176m. SOI around 345m. Bit of a nothing chart. Was in a downtrend for a couple of years, broke out then fell again. Been going sideways for the last 2 or 3 months and might be breaking out again. Worth a look imo, based more on fundamentals than technicals.
ELS - Elsight. This is one of my tips. Announced another contract. Commentary is more interesting. They are expecting this contract to move them to profitability and c/f breakeven in CY 25. SP has been on a run over the last few weeks and is looking a little parabolic. Very thinly traded.
