News

Welcome to Wendy den Hollander

Wendy den Hollander has commenced with Argonaut on a fixed term contract within the Finance Department. Wendy is a CPA and has previously worked within the Rio Tinto group of companies and for companies in the finance sector. Wendy will work alongside our new Financial Controller, Peter Marcakis who commenced

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Morning Notes

U.S. stocks rallied, with the Dow closing just short of a record, as investors weighed the likelihood that the Federal Reserve will continue to emphasize low interest rates coming out of its policy-setting meeting Wednesday. The Dow climbed 100.83 points, or 0.6%, to 17131.97. The blue-chip benchmark logged an intraday record during the session and closed less than 0.1% away from its all-time high of 17138.20 from July 16. The S&P 500 rose 14.85 points, or 0.7%, to 1998.98. The Nasdaq Composite Index climbed 33.86 points, or 0.7%, to 4552. 76. On the economic front, producer prices were unchanged in August from July, the Labor Department reported, matching the median estimate of economists in a Wall Street Journal poll. The reading suggests economic improvement in the U.S. isn't stoking inflation.

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Latest Research

EPD has announced an equity raising of $10.5m at $0.75. We adjust our financial model to take into account dilution from additional shares on issue and the increase in cash but make no other changes to our assumptions. Our EPS forecasts and target price ($0.85) are decreased and we maintain our Buy recommendation.

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