Latest news with #29Metals
News.com.au
23-07-2025
- Business
- News.com.au
Closing Bell: ASX jumps 0.69pc as energy and resources do the heavy lifting
Resource stocks fuel market gains again, up 0.96pc 10 of 11 sectors higher as trade deal provides much needed relief ASX now 0.45pc off all-time high ASX surges on iron, gold and trade deals A 2% uptick in iron ore, a more than 1% gain in gold prices and a Japanese-US trade deal have delighted ASX investors. The ASX200 shot up 0.69%, with 10 of 11 sectors climbing. Materials (+1.22%) and energy (+0.83%) put in the hard work, leading the rest of the bourse higher. Headlining gains were our miners. Copper and gold company 29 Metals (ASX:29M) climbed 8.7%, graphite-focused Syrah Resources (ASX:SYR) 8.3%, gold producer Alkane Resources (ASX:ALK) 6.1% and lithium miner Sayona Mining (ASX:SYA) 6.8%. Over in energy, Whitehaven Coal (ASX:WHC) ticked up 6.45%, Woodside (ASX:WDS) added 1.45% and Ampol (ASX:ALD) lifted 3.27%. The banks have also made a recovery after slipping for three trading days straight, with the ASX 200 Banks index climbing 0.86%. Westpac (ASX:WBC) gained 1.42%, Suncorp (ASX:SUN) 0.89% and ANZ (ASX:ANZ) surged 2.5%. Japan and US lock in trade deal As the US dollar and bond yields continue to fall over increasing uncertainty around US President Trump's August 1 tariff deadline, Japan has gotten ahead of the pack. Our northern trade partner has agreed to invest $US550 billion in the US economy and pay a tariff of 15%, according to a Truth Social post by Trump, wherein he also claimed Japan would lower barriers to trade in cars and rice. The meatier details of the deal remain a mystery. Japanese Prime Minister Shigeru Ishiba has been under pressure to resign from his position after his coalition lost the majority in the upper house at the last election. His party suffered a similar defeat in the lower house last year. 'Our overarching concern is the interests of the nation,' Ishiba said. 'We are the first in the world to reduce tariffs on automobiles and auto parts, with no limits on volume,' he told reporters. The Japanese Nikkei225 surged in response to the new trade deal, up 3.5% or 1420 points intraday to a 12-month high. Automakers led the pack. Toyota jumped 15%, Honda 11% and Nissan 9%. "The reduced 15% tariff, down from the previously flagged 25%, is meaningful and should lift sentiment in export-driven sectors, even if the fine print, especially on autos, remains critical,' Saxo Singapore Capital Markets chief investment strategist Charu Chanana said. 'Markets will largely discount the $550 billion FDI headline as political theatre rather than a tradable catalyst. "Strategically, the deal allows Japan to sidestep immediate tariff escalation, while Trump's attention shifts elsewhere." Japan joins a disappointingly small group of countries that have finalised formal trade deals with the US, including the Philippines, Indonesia, the UK, and Vietnam. With just over a week left until the tariff pause expires, the rest of us are running out of time. ASX SMALL CAP LEADERS Today's best performing small cap stocks: Code Name Last % Change Volume Market Cap GTE Great Western Exp. 0.02 82% 7677247 $6,245,337 FAU First Au Ltd 0.006 50% 35831194 $8,305,165 HLX Helix Resources 0.0015 50% 64088 $3,364,194 RBR RBR Group Ltd 0.0015 50% 4365000 $3,120,285 LPM Lithium Plus 0.088 40% 664328 $8,368,920 CDE Codeifai Limited 0.025 39% 64354470 $8,494,218 PFM Platformo Ltd 0.076 38% 110 $5,219,957 FIN FIN Resources Ltd 0.004 33% 50000 $2,084,665 ATS Australis Oil & Gas 0.009 29% 13644883 $9,226,437 ADC Acdc Metals Ltd 0.054 29% 33106 $3,140,555 PVW PVW Res Ltd 0.019 27% 552164 $2,983,572 CTO Citigold Corp Ltd 0.005 25% 2046755 $12,000,000 PRX Prodigy Gold NL 0.0025 25% 266666 $12,700,222 WBE Whitebark Energy 0.005 25% 2670365 $2,802,231 OPL Opyl Limited 0.026 24% 2496114 $5,161,135 LKE Lake Resources 0.047 24% 33093708 $68,519,692 AVG Aust Vintage Ltd 0.11 21% 1387426 $29,981,126 AR3 Austrare 0.115 20% 1621941 $20,244,793 ALY Alchemy Resource Ltd 0.006 20% 667502 $5,890,381 AUR Auris Minerals Ltd 0.006 20% 84033 $2,383,130 SKK Stakk Limited 0.006 20% 388668 $10,375,398 INF Infinity Lithium 0.019 19% 1858948 $7,561,473 MKLDB Mighty Kingdom Ltd 0.16 19% 172335 $19,802,807 CR3 Core Energy Minerals 0.013 18% 5806723 $4,343,319 AAM Aumegametals 0.042 17% 1743941 $21,817,825 In the news… Codeifai (ASX:CDE) is building out its AI expertise with the addition of former Nvidia machine learning expert Rafael Possas to its advisory panel. CDE is preparing to double down on its AI and quantum security offerings with the roll out of its QuantumAI Secure platform. Possas was part of the team that built AI assistant Alexa and most recently took up a role as Canva's head of machine learning, and now joins a stacked advisory board full of veterans from OpenAI, WhatsApp and Binance. You can read more about the appointment here. First Au (ASX:FAU) has put drills to ground for a 3000m drilling program at its Nimba Gold Project in Liberia, following up on an extensive field mapping program over a 10 square kilometre area. FAU's main focus is on confirming gold mineralisation around a historical hole drilled by previous explorers, but the program will also investigate new gold targets and look for extensions of potential gold zones. As lithium sentiment improves, Lithium Plus Minerals (ASX:LPM) is putting the final regulatory pieces in place to begin operations at its Lei lithium development project in the Northern Territory. Designed as a direct shipping ore operation in partnership with Canmax Technologies, LPM is gearing up to ship 50% of all DSO spodumene concentrate produced at Lei directly to Canmax, one of China's leading lithium converters. Pilot Energy (ASX:PGY) is poised to formally farm out its extensive offshore Perth Basin exploration acreage permit WA-481P. The ready-to-drill Leander Gas prospect has an estimated 1.1 TCF of gas prospective resources, with pre-existing pipelines/shore-crossing and associated permits already in place. ASX SMALL CAP LAGGARDS Today's worst performing small cap stocks: Code Name Last % Change Volume Market Cap SFG Seafarms Group Ltd 0.001 -50% 99072 $9,673,198 PRM Prominence Energy 0.002 -33% 212618 $1,459,411 VEN Vintage Energy 0.004 -33% 9722100 $12,521,482 EEL Enrg Elements Ltd 0.0015 -25% 11785807 $6,507,557 M2R Miramar 0.003 -25% 10974269 $3,987,293 RIM Rimfire Pacific 0.018 -25% 2919216 $60,621,453 SCP Scalare Partners 0.13 -24% 290407 $7,111,954 DYM Dynamicmetalslimited 0.2 -23% 201777 $12,761,928 KGD Kula Gold Limited 0.007 -22% 6259796 $8,291,283 BIT Biotron Limited 0.002 -20% 10000 $3,318,115 LEG Legend Mining 0.008 -20% 6376975 $29,144,772 MTB Mount Burgess Mining 0.004 -20% 3466359 $2,128,192 ANO Advance Zinctek Ltd 0.915 -17% 6274 $68,910,718 AN1 Anagenics Limited 0.005 -17% 4000 $2,977,922 CUL Cullen Resources 0.005 -17% 1692777 $4,160,411 ENT Enterprise Metals 0.0025 -17% 200001 $4,113,952 MBK Metal Bank Ltd 0.01 -17% 266264 $5,969,508 MRD Mount Ridley Mines 0.0025 -17% 20000 $2,335,467 SPQ Superior Resources 0.005 -17% 3700000 $14,225,896 TFL Tasfoods Ltd 0.005 -17% 100000 $2,622,573 ENV Enova Mining Limited 0.006 -14% 3195749 $10,203,200 IPB IPB Petroleum Ltd 0.006 -14% 255842 $4,944,821 LCL LCL Resources Ltd 0.006 -14% 635789 $8,394,800 RC1 Redcastle Resources 0.006 -14% 3300591 $5,204,968 AU1 The Agency Group Aus 0.0215 -14% 44501 $10,989,415 IN CASE YOU MISSED IT A feasibility study for Magnetic Resources' (ASX:MAU) Lady Julie project in WA highlights 'one of the highest margin undeveloped gold projects in Australia'. Asra Minerals' (ASX:ASR) drilling has extended gold mineralisation at Gladstone prospect by 45m below previous intercepts, which could increase the resource footprint. Trading Halts Albion Resources (ASX:ALB) – exploration results from Yandal West Askari Metals (ASX:AS2) – exploration update and ASX queries International Graphite (ASX:IG6) – new graphite facility agreement Kingfisher Mining (ASX:KFM) – acquisition and cap raise Larvotto Resources (ASX:LRV) – cap raise St George Mining (ASX:SGQ) – cap raise Torque Metals (ASX:TOR) – exploration results from Paris Gold Project Vanadium Resources (ASX:VR8) – cap raise At Stockhead, we tell it like it is. While Codeifai is a Stockhead advertiser, they did not sponsor this article.
Yahoo
16-06-2025
- Business
- Yahoo
29Metals Limited (ASX:29M) has caught the attention of institutional investors who hold a sizeable 41% stake
Significantly high institutional ownership implies 29Metals' stock price is sensitive to their trading actions The top 3 shareholders own 50% of the company Ownership research along with analyst forecasts data help provide a good understanding of opportunities in a stock Trump has pledged to "unleash" American oil and gas and these 15 US stocks have developments that are poised to benefit. If you want to know who really controls 29Metals Limited (ASX:29M), then you'll have to look at the makeup of its share registry. And the group that holds the biggest piece of the pie are institutions with 41% ownership. In other words, the group stands to gain the most (or lose the most) from their investment into the company. Since institutional have access to huge amounts of capital, their market moves tend to receive a lot of scrutiny by retail or individual investors. Therefore, a good portion of institutional money invested in the company is usually a huge vote of confidence on its future. Let's delve deeper into each type of owner of 29Metals, beginning with the chart below. See our latest analysis for 29Metals Many institutions measure their performance against an index that approximates the local market. So they usually pay more attention to companies that are included in major indices. We can see that 29Metals does have institutional investors; and they hold a good portion of the company's stock. This implies the analysts working for those institutions have looked at the stock and they like it. But just like anyone else, they could be wrong. If multiple institutions change their view on a stock at the same time, you could see the share price drop fast. It's therefore worth looking at 29Metals' earnings history below. Of course, the future is what really matters. Hedge funds don't have many shares in 29Metals. The company's largest shareholder is PT Buma Internasional Grup Tbk, with ownership of 19%. EMR Capital Advisors Pty Ltd. is the second largest shareholder owning 16% of common stock, and Australian Super Pty Ltd holds about 15% of the company stock. A more detailed study of the shareholder registry showed us that 3 of the top shareholders have a considerable amount of ownership in the company, via their 50% stake. Researching institutional ownership is a good way to gauge and filter a stock's expected performance. The same can be achieved by studying analyst sentiments. There are plenty of analysts covering the stock, so it might be worth seeing what they are forecasting, too. The definition of an insider can differ slightly between different countries, but members of the board of directors always count. Company management run the business, but the CEO will answer to the board, even if he or she is a member of it. Most consider insider ownership a positive because it can indicate the board is well aligned with other shareholders. However, on some occasions too much power is concentrated within this group. Shareholders would probably be interested to learn that insiders own shares in 29Metals Limited. It has a market capitalization of just AU$295m, and insiders have AU$3.1m worth of shares, in their own names. It is good to see some investment by insiders, but we usually like to see higher insider holdings. It might be worth checking if those insiders have been buying. The general public-- including retail investors -- own 24% stake in the company, and hence can't easily be ignored. While this group can't necessarily call the shots, it can certainly have a real influence on how the company is run. With an ownership of 7.3%, private equity firms are in a position to play a role in shaping corporate strategy with a focus on value creation. Some might like this, because private equity are sometimes activists who hold management accountable. But other times, private equity is selling out, having taking the company public. We can see that Private Companies own 4.7%, of the shares on issue. It's hard to draw any conclusions from this fact alone, so its worth looking into who owns those private companies. Sometimes insiders or other related parties have an interest in shares in a public company through a separate private company. Public companies currently own 22% of 29Metals stock. It's hard to say for sure but this suggests they have entwined business interests. This might be a strategic stake, so it's worth watching this space for changes in ownership. While it is well worth considering the different groups that own a company, there are other factors that are even more important. Like risks, for instance. Every company has them, and we've spotted 2 warning signs for 29Metals (of which 1 doesn't sit too well with us!) you should know about. If you are like me, you may want to think about whether this company will grow or shrink. Luckily, you can check this free report showing analyst forecasts for its future. NB: Figures in this article are calculated using data from the last twelve months, which refer to the 12-month period ending on the last date of the month the financial statement is dated. This may not be consistent with full year annual report figures. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Sign in to access your portfolio
Yahoo
16-06-2025
- Business
- Yahoo
29Metals Limited (ASX:29M) has caught the attention of institutional investors who hold a sizeable 41% stake
Significantly high institutional ownership implies 29Metals' stock price is sensitive to their trading actions The top 3 shareholders own 50% of the company Ownership research along with analyst forecasts data help provide a good understanding of opportunities in a stock Trump has pledged to "unleash" American oil and gas and these 15 US stocks have developments that are poised to benefit. If you want to know who really controls 29Metals Limited (ASX:29M), then you'll have to look at the makeup of its share registry. And the group that holds the biggest piece of the pie are institutions with 41% ownership. In other words, the group stands to gain the most (or lose the most) from their investment into the company. Since institutional have access to huge amounts of capital, their market moves tend to receive a lot of scrutiny by retail or individual investors. Therefore, a good portion of institutional money invested in the company is usually a huge vote of confidence on its future. Let's delve deeper into each type of owner of 29Metals, beginning with the chart below. See our latest analysis for 29Metals Many institutions measure their performance against an index that approximates the local market. So they usually pay more attention to companies that are included in major indices. We can see that 29Metals does have institutional investors; and they hold a good portion of the company's stock. This implies the analysts working for those institutions have looked at the stock and they like it. But just like anyone else, they could be wrong. If multiple institutions change their view on a stock at the same time, you could see the share price drop fast. It's therefore worth looking at 29Metals' earnings history below. Of course, the future is what really matters. Hedge funds don't have many shares in 29Metals. The company's largest shareholder is PT Buma Internasional Grup Tbk, with ownership of 19%. EMR Capital Advisors Pty Ltd. is the second largest shareholder owning 16% of common stock, and Australian Super Pty Ltd holds about 15% of the company stock. A more detailed study of the shareholder registry showed us that 3 of the top shareholders have a considerable amount of ownership in the company, via their 50% stake. Researching institutional ownership is a good way to gauge and filter a stock's expected performance. The same can be achieved by studying analyst sentiments. There are plenty of analysts covering the stock, so it might be worth seeing what they are forecasting, too. The definition of an insider can differ slightly between different countries, but members of the board of directors always count. Company management run the business, but the CEO will answer to the board, even if he or she is a member of it. Most consider insider ownership a positive because it can indicate the board is well aligned with other shareholders. However, on some occasions too much power is concentrated within this group. Shareholders would probably be interested to learn that insiders own shares in 29Metals Limited. It has a market capitalization of just AU$295m, and insiders have AU$3.1m worth of shares, in their own names. It is good to see some investment by insiders, but we usually like to see higher insider holdings. It might be worth checking if those insiders have been buying. The general public-- including retail investors -- own 24% stake in the company, and hence can't easily be ignored. While this group can't necessarily call the shots, it can certainly have a real influence on how the company is run. With an ownership of 7.3%, private equity firms are in a position to play a role in shaping corporate strategy with a focus on value creation. Some might like this, because private equity are sometimes activists who hold management accountable. But other times, private equity is selling out, having taking the company public. We can see that Private Companies own 4.7%, of the shares on issue. It's hard to draw any conclusions from this fact alone, so its worth looking into who owns those private companies. Sometimes insiders or other related parties have an interest in shares in a public company through a separate private company. Public companies currently own 22% of 29Metals stock. It's hard to say for sure but this suggests they have entwined business interests. This might be a strategic stake, so it's worth watching this space for changes in ownership. While it is well worth considering the different groups that own a company, there are other factors that are even more important. Like risks, for instance. Every company has them, and we've spotted 2 warning signs for 29Metals (of which 1 doesn't sit too well with us!) you should know about. If you are like me, you may want to think about whether this company will grow or shrink. Luckily, you can check this free report showing analyst forecasts for its future. NB: Figures in this article are calculated using data from the last twelve months, which refer to the 12-month period ending on the last date of the month the financial statement is dated. This may not be consistent with full year annual report figures. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
Yahoo
16-02-2025
- Business
- Yahoo
An Intrinsic Calculation For 29Metals Limited (ASX:29M) Suggests It's 48% Undervalued
29Metals' estimated fair value is AU$0.38 based on 2 Stage Free Cash Flow to Equity 29Metals is estimated to be 48% undervalued based on current share price of AU$0.20 Our fair value estimate is 57% higher than 29Metals' analyst price target of AU$0.24 How far off is 29Metals Limited (ASX:29M) from its intrinsic value? Using the most recent financial data, we'll take a look at whether the stock is fairly priced by estimating the company's future cash flows and discounting them to their present value. We will use the Discounted Cash Flow (DCF) model on this occasion. There's really not all that much to it, even though it might appear quite complex. Companies can be valued in a lot of ways, so we would point out that a DCF is not perfect for every situation. Anyone interested in learning a bit more about intrinsic value should have a read of the Simply Wall St analysis model. See our latest analysis for 29Metals We're using the 2-stage growth model, which simply means we take in account two stages of company's growth. In the initial period the company may have a higher growth rate and the second stage is usually assumed to have a stable growth rate. In the first stage we need to estimate the cash flows to the business over the next ten years. Where possible we use analyst estimates, but when these aren't available we extrapolate the previous free cash flow (FCF) from the last estimate or reported value. We assume companies with shrinking free cash flow will slow their rate of shrinkage, and that companies with growing free cash flow will see their growth rate slow, over this period. We do this to reflect that growth tends to slow more in the early years than it does in later years. A DCF is all about the idea that a dollar in the future is less valuable than a dollar today, and so the sum of these future cash flows is then discounted to today's value: 2025 2026 2027 2028 2029 2030 2031 2032 2033 2034 Levered FCF (A$, Millions) -AU$102.0m -AU$46.5m AU$54.1m AU$111.8m AU$85.3m AU$71.1m AU$63.5m AU$59.2m AU$56.9m AU$55.8m Growth Rate Estimate Source Analyst x5 Analyst x4 Analyst x4 Analyst x2 Analyst x1 Est @ -16.56% Est @ -10.77% Est @ -6.72% Est @ -3.88% Est @ -1.89% Present Value (A$, Millions) Discounted @ 9.6% -AU$93.1 -AU$38.7 AU$41.1 AU$77.6 AU$54.0 AU$41.1 AU$33.4 AU$28.5 AU$25.0 AU$22.4 ("Est" = FCF growth rate estimated by Simply Wall St)Present Value of 10-year Cash Flow (PVCF) = AU$191m After calculating the present value of future cash flows in the initial 10-year period, we need to calculate the Terminal Value, which accounts for all future cash flows beyond the first stage. For a number of reasons a very conservative growth rate is used that cannot exceed that of a country's GDP growth. In this case we have used the 5-year average of the 10-year government bond yield (2.7%) to estimate future growth. In the same way as with the 10-year 'growth' period, we discount future cash flows to today's value, using a cost of equity of 9.6%. Terminal Value (TV)= FCF2034 × (1 + g) ÷ (r – g) = AU$56m× (1 + 2.7%) ÷ (9.6%– 2.7%) = AU$838m Present Value of Terminal Value (PVTV)= TV / (1 + r)10= AU$838m÷ ( 1 + 9.6%)10= AU$336m The total value, or equity value, is then the sum of the present value of the future cash flows, which in this case is AU$527m. The last step is to then divide the equity value by the number of shares outstanding. Compared to the current share price of AU$0.2, the company appears quite undervalued at a 48% discount to where the stock price trades currently. Valuations are imprecise instruments though, rather like a telescope - move a few degrees and end up in a different galaxy. Do keep this in mind. The calculation above is very dependent on two assumptions. The first is the discount rate and the other is the cash flows. Part of investing is coming up with your own evaluation of a company's future performance, so try the calculation yourself and check your own assumptions. The DCF also does not consider the possible cyclicality of an industry, or a company's future capital requirements, so it does not give a full picture of a company's potential performance. Given that we are looking at 29Metals as potential shareholders, the cost of equity is used as the discount rate, rather than the cost of capital (or weighted average cost of capital, WACC) which accounts for debt. In this calculation we've used 9.6%, which is based on a levered beta of 1.581. Beta is a measure of a stock's volatility, compared to the market as a whole. We get our beta from the industry average beta of globally comparable companies, with an imposed limit between 0.8 and 2.0, which is a reasonable range for a stable business. Strength Debt is well covered by earnings. Weakness Shareholders have been diluted in the past year. Opportunity Forecast to reduce losses next year. Trading below our estimate of fair value by more than 20%. Significant insider buying over the past 3 months. Threat Debt is not well covered by operating cash flow. Has less than 3 years of cash runway based on current free cash flow. Although the valuation of a company is important, it shouldn't be the only metric you look at when researching a company. The DCF model is not a perfect stock valuation tool. Rather it should be seen as a guide to "what assumptions need to be true for this stock to be under/overvalued?" For example, changes in the company's cost of equity or the risk free rate can significantly impact the valuation. What is the reason for the share price sitting below the intrinsic value? For 29Metals, we've put together three further elements you should look at: Risks: For example, we've discovered 1 warning sign for 29Metals that you should be aware of before investing here. Management:Have insiders been ramping up their shares to take advantage of the market's sentiment for 29M's future outlook? Check out our management and board analysis with insights on CEO compensation and governance factors. Other Solid Businesses: Low debt, high returns on equity and good past performance are fundamental to a strong business. Why not explore our interactive list of stocks with solid business fundamentals to see if there are other companies you may not have considered! PS. The Simply Wall St app conducts a discounted cash flow valuation for every stock on the ASX every day. If you want to find the calculation for other stocks just search here. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Sign in to access your portfolio
