The Director's Commentary of the ASX.
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Global online trading services company, Plus500:
Plus500 trading platform allows you to trade shares from all popular markets such as USA, UK, Germany and more, with leverage and low spreads. Using our advanced trading tools, you can also control your profits and losses.
Plus500AU Pty Ltd, AFSL #417727 issued by Australian Securities and Investments Commission. Based in Sydney.
Biopharmaceutical company, Telix Pharmaceuticals (ASX:TLS):
announced that it is part of a $71.2 million Australian Precision Medicine Enterprise (APME) Project, which has been awarded $23 million in Federal Government grant under the Manufacturing Collaboration Scheme of Modern Manufacturing Initiative (MMI).
…
The AMPE Project brings together industry partners Global Medical Solutions' (GMS) Autralian subsidary, Global Medical Solutions Australia (GMSA) and Telix Pharmaceuticals with Monash University to address Good Manufacturing Practice (GMP) manufacturing gap in Australian radoopharmaceuticals manufacturing sector.
Manufacturing an acronym soup.
Exploration and production company, Armour Energy (ASX:AJQ):
… Mr Bradley Lingo has resigned as CEO of the Company, effective immediately.
No replacement named.
See also: on 31 March — 5 days ago:
Mr Roland Sleeman has resigned as Non-Executive Director of the Company, effective as of today’s date, for personal reasons.
Trading volume today: 69,174,207.
Trading volume average: 2,026,823.
Closed down 37.50%.
Bioenergy company, Delorean Corporation (ASX:DEL):
has successfully completed a placement of 26.47 [million] shares at $0.17 per share for a total of $4.5 [million].
Friday’s closing price: $0.20.
The company is also conducting a Share Purchase Plan with:
a target of $2.0 [million] in subscriptions. Eligible DEL shareholders […] will be offered the opportunity under the SPP to apply for up to $30,000 worth of new Shares …
What is all the new cash for?
… to add to existing cash reserves held by the Company to underpin further growth.
The cost of the new funds?
A fee of 6% was paid in relation to the raising.
Fertiliser development company, Agrimin (ASX:AMN):
signed [an agreement] with Gavilon Fertilizer (sic) for the supply of 50,000tpa of [Sulphate of Potash] …
WTF is tpa?
tonnes per annum.
Good time to be in the fertiliser business.
Fractional investment platform, DomaCom (ASX:DCL):
Former Liberal Party Leader and experienced economist and company director, Dr John Hewson has been appointed DomaCom non-executive [Chair] and experienced financial services leader John Elkovich has been appointed Chief Executive Officer with immediate effect.
Ms Angela Williams also joins the board as an experienced marketer in the fintech space.
… former Chief Executive Officer Arthur Naoumidis has left the company.
DomaCom embarrassingly remains suspended on the ASX since 11 May 2021.
Makes you think — why has Arthur remained in his position this long?
Hopefully, a wholesale change in leadership will shake off the aura of shadiness. Although, it is not as wholesale as some may like:
Former DomaCom [Chair] Grahame Evans remains on the Board as non-executive Deputy Chairman …
A Chair that governed a company into a perpetual 10-month-long ASX suspension gets to keep his seat on the board?
Must be nice being a rich-old-white-man.
Space-enabled data-as-a-service company, Kleos Space (ASX:KSS):
successfully launched its third satellite cluster, the Patrol Mission on 01 April 2022 onboard the Transporter-4 SpaceX mission.
It worked.
Not an ASX Announcement, however, this story was in the AFR’s Most Viewed for almost the entire week.
Joe Aston, writing for Rear Window at the Australian Financial Review:
Welcome to Fitzy’s Self-Awareness Free Zone. The guy wearing a pirate hankie on his head for no explicable reason, hectoring Sydney with his witless attitudes, naming the dickheads among us.
There is no greater dickhead than Peter FitzSimons. Were there an All Australian team of dickheads, Fitzy would be its captain and its most capped player. His trophy cabinet would hold the Brownlow, the Coleman and the Norm Smith medals. Gary Ablett Sr would be supplanted as God … of the dickheads.
I do not normally give Joe Aston’s vociferous platitudes much weight, and to be clear, I still don’t. Nonetheless, this is the probably the funniest two paragraphs I’ve ever read in the AFR.
It feels like Joe has been waiting to write this for the last 9 years.
Who hurt you?
Australian-based copper explorer, Castillo Copper (ASX:CCZ):
Mr Ged Hall (non-executive director based in London) has been promoted to Chairman and Dr Dennis Jensen to Managing Director (from CEO)
From the 2021 Annual Report: total director compensation was $466,669 for 3 directors, up from $361,365 for 6 directors in 2020.
Total meetings for the year: 2.
Good gig!
See also: 2021 Corporate Governance Statement
Women employees in the Company 0%
Women in senior management positions 0%
Women on the Board 0%
Online property marketplace company, Domain Holdings (ASX:DHG) to purchase Realbase:
[for an] upfront cash consideration of A$180 million plus contingent consideration of up to A$50 million
What is Realbase?
… the largest real estate campaign management technology platform in Australia and New Zealand, providing services to agents on ~40% of all property transactions.
Domain’s largest shareholder, Nine Entertainment (ASX:NEC) is committed to taking 100% of its entitlement or ~A$106 million.
… entitlement offer to raise A$180m, offered at $3.80 per [share].
Yesterday’s close: $4.01.
