Argonaut | The Natural Choice in Resources

Argonaut is a full service advisory, stockbroking & research and investment house with offices in Perth and Hong Kong. Argonaut is technically driven & focused on natural resource companies & businesses that service the metals, mining, energy and agri-business sectors. Argonaut has an established track record of creating significant wealth for clients.

Morning Notes

U.S. stocks fell intraday, pulled down by shares of banks and manufacturers, as investors worried whether a new round of tariffs would further fan the threat of a trade war. The declines were broad, with nine of the 11 sectors in the S&P 500 -- and all 30 stocks in the Dow Jones Industrial Average -- suffering losses. The blue-chip index extended its declines in the final hour of trading, eventually finishing down 724 points or 2.9% to 23,958. The S&P 500 fell 2.5% whilst the Nasdaq Composite dropped 2.4%. The Cboe Volatility Index, or VIX, a measure of expected swings in the S&P 500, rose 12% after shooting up more than 20% earlier in the day. Investors said anxiety over the ramifications of the Trump administration's plan to levy tariffs on imports from China contributed to the pullback. The moves come as the market was already trying to work through new tariffs on steel and aluminium imports, along with worries about rising interest rates. The U.S. gold price was slightly weaker overnight, falling 0.2% to 1,328.60 US$/oz.

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Latest Research

The $8m acquisition of SA-based Security Alarm Monitoring Service (SAMS) adds 55% more connections, diversifies and boosts revenue, increases capacity across the group, and provides organic growth opportunities to leverage infrastructure. Our forecasts are upgraded on an assumption SAMS adds to group margin and, given debt funding, delivers earning accretion. Upgrade to Spec Buy (prior Hold) on a $0.225 valuation (prior $0.170).

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Latest News

Argonaut Congratulates Gascoyne on a Highly Successful Capital Raising.
Argonaut acted as Joint Lead Manager to successfully raise A$21.5 million for Gascoyne Resources Limited (ASX:GCY) (“Gascoyne” or “the Company”).

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