WCM Quality Global Growth Fund (Quoted Managed Fund) (ASX: WCMQ) (“WCMQ” or the “Fund”) is an exchange traded managed fund (ETMF) that listed on the ASX in September 2018 with 8.9 million units on issue at $5.00 per unit. As an open-ended vehicle. the FUM will grow and decline depending on the net flows of the Fund. At 30 June …
IIR Reaffirms Recommended Plus Rating for WCM Global Growth Limited (ASX: WQG)
WCM Global Growth Limited (ASX: WQG) is a listed investment company (LIC) that listed on the ASX in June 2017 raising $100m through the issue of 98.93m ordinary shares at $1.10 per share. Shareholders that participated in the IPO received a bonus option on a one-for-one basis with an exercise price of $1.10 which matured on 24 June 2019. The …
IIR Reaffirms Recommended Plus Rating for Regal Investment Fund (ASX: RF1)
Regal Investment Fund (ASX: RF1) (“RF1” or the “Fund”) is a listed investment trust (LIT) that provides exposure to a selection of alternative investment strategies managed by Regal Funds Management Pty Ltd (“Regal” or the “Manager”) and associated managers. Regal is a specialist investment manager that was founded in 2004 and forms part of Regal Partners Limited (ASX: RPL), an …
Initiation of Coverage on Revolver Resources (ASX: RRR)
Revolver Resources is actively and effectively exploring two highly prospective projects in North Queensland – firstly, Project Osprey within the world class Proterozoic Mount Isa Inlier, and secondly, the Dianne Project, over and around the historically-operated Dianne copper mine within the Paleozoic Hodgkinson Basin. Dianne is the most advanced, centred over a mine that produced 69,820 tonnes of direct shipping …
Initiation of Coverage on OreCorp Limited (ASX: ORR)
OreCorp Limited is in the process of obtaining financing for its Nyanzaga Gold Project, located in the Lake Victoria Goldfields of Tanzania. Nyanzaga is one of only a handful of large, permitted and development-ready gold projects in Africa, and has natural advantages by virtue of being in a proven producing region, well served by infrastructure and services. The Lake Victoria …
Research Reviews for Pallas Capital Products Published
IIR has published the Research Reviews for the Pallas Warehouse Trust No. 3 and the Pallas FM Trust – Fixed Rate Bonds. These reports are available in the Unlisted Managed Investments section of the website. The Pallas Warehouse Trust No. 3 is issued by Pallas Funds Pty Limited (the “Trustee”). The purpose of the Fund is to fund a warehouse …
6 Small & Micro Cap Industrials on the Move in June
Small cap industrials were largely flat in the month of June in line with the broader small cap market. Micro caps performed a little better than small caps with the S&P/ASX Emerging Companies Accumulation Index up 2.6% for the month. After a significant decline in CY22, small and micro cap stocks have taken a breath in 1H’CY23, with the S&P/ASX …
The Biotech Roller Coaster Ride was in Full Flight in June
There were more negative performers than positive performers during the month of June in the Australian pharmaceuticals and biotech market, however there were still a number of companiesthat experienced significant share price movements. In the attached report we take a look at a selection of companies, some that rallied strongly, while others experienced extreme volatility as news flow sentsome stocks …
US Student Housing REIT (ASX:USQ) Update Note – Portfolio Value Holds Steady Despite Interest Rate Increases
On 29 June 2023, the US Student Housing REIT (ASX: USQ) provided an update to the market regarding its portfolio. Despite pressure on property valuations in the broader market from successive interest rates increases in the US, the gross asset value (GAV) of the USQ portfolio marginally increased based on the independent valuation by CBRE as at 30 June The …
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