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An essential part of developing a drug is the requirement for tests on human volunteers, usually starting in Phase 1. But for Noxopharm’s Veyonda drug, the first human volunteer was the company’s CEO and managing director, Dr. Graham Kelly. It was 2014, and some of the top cancer specialists in Australia had told Kelly that…

It’s been an IPO bonanza both here and abroad. With the vast amounts of stimulus injected into the global economy, companies have been lining up to list, with more than 40 companies scheduled to list on the ASX in just the next two months. However, with so many companies eager to raise capital, the local…

As the old idiom goes, “Out with the old, in with the new.” Fund managers across the board are doing just that. Despite experiencing solid returns and a stellar year, many managers are becoming increasingly frustrated with the way their LICs trade. Despite achieving market-beating returns, there are a significant number of LICs that persistently…

Positive finish to the week, Seven gets serious on Boral, property lending spikes The ASX 200 (ASX: XJO) finished the week on a positive note, adding 0.5% behind a rally from the energy (+1.6%) and industrial (+1.2%) sectors. The dogs of last financial year were the biggest contributors on Friday, with Nuix Ltd (ASX: NXL) and A2 Milk Company Ltd (ASX:…

Happy new year, markets fall as gold shines, retailers under pressure, PEXA lists The ASX 200 (ASX: XJO) finished the first day of trading in the new financial year on a weaker footing, losing 0.7% with every sector apart from materials finishing lower. The consumer staples and discretionary sectors were the hardest hit, falling 1.3% and 1.2%…

ASX fades to small gain, 24% return for the financial year, Telstra’s buyback surprise The ASX 200 (ASX: XJO) managed to finish the financial year on a positive note, adding 0.2% on Wednesday with the communications sector the biggest contributor, up 2.7%. The result took the quarterly return to 7.7% and the financial year to 24%, the…

The global pandemic brought the world to its knees, decimating economies in its path, not sparing a single country. It left behind a global recession and mountains of debt. Australia was one of the lucky countries, that successfully worked out how to beat the virus. Even still, Covid-19 and its forced lockdowns had a devastating…

As you would have expected, growth and technology-based stocks were the big winners this year posting spectacular gains during some volatile times. But a lot has changed since the start of the year. Disruption caused by the COVID-19 lockdowns and the heavy stimulus required to keep the economy afloat has sent inflation fears ripping through…

Not a day goes by that we don’t hear about the massive semiconductor shortage created by the pandemic. Supply chains around the world which span Europe, Asia the US and most importantly Taiwan are struggling to come to terms with a massive surge in demand for computer chips at a time when the ramp up…

Late comeback delivers, energy in the red, dividends hit real estate, CKF falls on earnings The ASX 200 (ASX: XJO) staged a remarkable recovery, managing a flat day despite falling as much as 0.9% on Tuesday morning. Energy, materials, and utilities were amongst the weakest performers, with a raft of dividend payments pulling the real estate sector…

ASX fights back, COVID winners back as lockdowns extended, oil at three-year high The ASX 200 (ASX: XJO) overcame a negative lead to finished broadly flat on Monday. COVID-19 outbreaks in almost every state barring Victoria have sent the market back into the realm of 2020’s top trades. On the one hand, travel and tourism-facing stocks suffered,…

Last Thursday, Endeavour Group Ltd (ASX: EDV) completed its first day trading on the Australian Stock Exchange (ASX) as a public company. The share price closed at $6.02. EDV has since got a move on, rising to $6.39 (it reached $6.55 on Friday) Endeavour encompasses the liquor stores, hotels, hospitality venues and gaming assets formerly under the control of Woolworths Group Ltd (ASX: WOW)….