Archive for March, 2009
You are currently browsing the Online Stockmarket Trading Update blog archives
for March, 2009.
Tuesday, March 31st, 2009
The US markets fell heavily on Monday as the automaker bailout deadline was extended and their restructuring plans were rejected. The Dow was down 254 points or 3.2% at 7522, the S&P500 was down 28 points or 3.4% at 787 and the Nasdaq was down 43 points or 2.8% at 1501.
Gold continued to fall down $7.60 to $917/oz and crude oil fell sharply down $3.97 to $50.40/bbl.
Tags: Dow, gold, Nasdaq, oil, S&P500, US Market wrap
Posted in Market Wrap | No Comments
Tuesday, March 31st, 2009
Everyday Mine Services (EDS) announced on the 26/03/2009 that they would be conducting a Share Purchase Plan to raise additional capital. The record date is 9/04/2009 on which shareholders must own the share to participate in the SPP and the closing date is 1/5/2009. Shares are expected to be issued on 6/5/2009 and commence trading on 7/5/2009. A maximum of $5,000 can be purchased by each shareholder at $0.04.
http://www.everydaymineservices.com.au
Discount : -14.3% Liquidity : Poor Profitability : Ok Stability : Poor
* Note: Discount is based on the closing price on the 30 March 2009.
Tags: EDS, Every Day Mine Services, Share Purchase Plan, SPP
Posted in Share Purchase Plan (SPP) | No Comments
Tuesday, March 31st, 2009
Neptune Marine Services (NMS) announces that it has recently secured new and extended contracts worth approximately $45 million. Involving five of Neptune’s business units, the projects span Australia, Indonesia, India, Brunei, Hong Kong, the Gulf of Mexico and Russia. Neptune’s Managing Director and CEO, Christian Lange, said the contracts demonstrated an increased awareness of the Group’s integrated service capabilities within the global oil and gas industry and the fact that Neptune continues to partner with some of the world’s leading blue chip energy companies and EPIC contractors.
“Our recently awarded contracts in India, Indonesia, Hong Kong, Brunei and Russia emphasise our successful identification and execution of growth opportunities in new markets and our focus on migrating our integrated services model internationally.”
www.neptunems.com
Tags: Neptune Marine, New contracts, NMS
Posted in ASX Company News | No Comments
Tuesday, March 31st, 2009
Nanosonics Limited (NAN) announces that it has commenced production and commercial sale of its breakthrough TrophonTM EPR ultrasound probe disinfector system, through distribution partners in New Zealand and Australia. Shipments, comprising Trophon EPR systems and NanoNebulantTM consumables, have been allocated to fulfil purchase orders already placed on the distribution partners by their customers, clinical end-users of the products.
The Company has undertaken a full sales launch to ultrasound professionals, including trade advertising and sales presentations to key opinion leaders and clinics throughout Australasia. Sales demand is being driven by the unique value proposition provided by the Trophon EPR system in the medical ultrasound market. A contributing factor to this demand is the greater awareness and vigilance of mandated legislation, regulatory requirements and the significant OH&S issues facing hospital and clinic staff.
http://www.nanosonics.com.au
Tags: NAN, Nanosonics Ltd, New product
Posted in ASX Company News | No Comments
Tuesday, March 31st, 2009
Viralytics Limited (VLA) has been granted a key patent by US authorities covering the use of Echoviruses for the treatment of all cancers expressing the integrin a2b1 molecule. EVATAK™ is the trade name for Viralytics’ proprietary formulation of the Echovirus Type 1. EV1 attach to the outside of cells, using a specific ‘receptor’ on the cell’s surface (like a key fitting a lock). EV1 uses the receptor, integrin a2b1 to bind and infect target cells. Types of cancer cells that express high levels of the integrin a2b1 molecule on their surface include ovarian, prostate and gastric cancers. Professor Darren Shafren (Chief Scientific Officer and inventor of the technology) said, “The granting of this US patent significantly increases Viralytics’ intellectual property portfolio, which already includes both US and European patents for a subset of Coxsackie A group viruses including CAVATAKTM, our lead product.”
http://www.viralytics.com/
Tags: Cancer treatment, Patent Granted, Viralytics, VLA
Posted in ASX Company News | No Comments
Tuesday, March 31st, 2009
Babcock & Brown Power (BBP) announces financial close of the sale of its remaining interest in the Kwinana Power Station to an entity related to ERM Power Pty Limited. Proceeds of $50 million have been received today and an amount of up to $13.2 million has been deferred until the third quarter of 2009. The amount of the deferred payment is subject to the performance of Kwinana through to 30 June 2009. Ross Rolfe, BBP CEO said “We are pleased to announce financial close on the sale of Kwinana, which has enabled full repayment of the BBPH debt facility. BBP continues to make progress with the wider sales process and will provide an update to security holders in the fourth quarter of FY2009.”
http://www.bbpower.com
Tags: Asset Sale, Babcock & Brown, BBP
Posted in ASX Company News | No Comments
Monday, March 30th, 2009
The US markets closed lower on Friday after a strong two week rally. The Dow was down 148 points or 1.8% at 7776, the S&P500 was down 16 points or 2.0% at 815 and the Nasdaq was down 41 points or 2.6% at 1545.
Gold fell heavily down $16.90 to $925/oz and crude oil fell also $1.96 to $52.38/bbl.
Tags: Dow, gold, Nasdaq, oil, S&P500, US Market wrap
Posted in Market Wrap | No Comments
Monday, March 30th, 2009
Diversified United Investments (DUI) announced on the 30/03/2009 that they would be conducting a Share Purchase Plan to raise additional capital. The record date is 26/03/2009 on which shareholders must own the share to participate in the SPP and the closing date is 24/03/2009. A maximum of $10,000 can be purchased by each shareholder at $2.00.
Discount : 5.0% Liquidity : Poor Profitability : Good Stability : Ok
http://www.dui.com.au/
* Note: Discount is based on the closing price on the 27 March 2009.
Tags: Diversified United Investments, DUI, Share Purchase Plan, SPP
Posted in Share Purchase Plan (SPP) | No Comments
Monday, March 30th, 2009
Crane Group Limited (CRG) has successfully completed an institutional placement raising $40 million in new equity. The placement was fully subscribed and priced at $7.50 per share (Placement Price), an 8% discount to the prior close. This will result in the issue of 5,333,334 new ordinary shares being issued.
Eligible shareholders will be offered the opportunity to participate in the Share Purchase Plan (SPP). The SPP will offer shareholders the opportunity to subscribe for up to $10,000 worth of Crane Group shares at the Placement price. If total applications under the SPP exceed $10 million, Crane Group will reserve the right to scale back partly or entirely the amount raised.
http://www.crane.com.au/
Tags: Crane Group, CRG, Institutional Placement, Share Purchase Plan, SPP
Posted in Share Purchase Plan (SPP) | No Comments
Monday, March 30th, 2009
Eden Energy (EDE) announces that Ashok Leyland has formally announced the launch of its new Indian Hythane engine. Ashok Leyland develops Hythane engines.
Hythane is a blend of natural gas and hydrogen (usually 20 per cent hydrogen by volume). Addition of Hydrogen (a renewable fuel), improves efficiency, while retaining the low emission characteristics of CNG.
Ashok Leyland, the Hinduja Group flagship, has successfully developed a 6-cylinder, 6-litre 92 kW BS-4 engine for operation with Hythane, in association with Eden Energy, Australia.
http://www.edenenergy.com.au
Tags: Ashok Leyland, EDE, Eden Energy, Hythane, Hythane engine, New product
Posted in ASX Company News | No Comments
