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Note from the MD: Local markets buoyant after RBA’s second consecutive rate pause

The markets have continued to run up, the next major resistance level is 7477. In a sign the Reserve Bank of Australia (RBA) is becoming less hawkish, the central bank decided to hold rates again this month – which the market has reacted well to.
The markets have continued to run up, the next major resistance level is 7477. In a sign the Reserve Bank of Australia (RBA) is becoming less hawkish, the central bank decided to hold rates again this month – which the market has reacted well to. We’ve noticed investors coming back into the market over the last 8 weeks. Institutional investors with mandates for sub $100m cap are still mainly sitting on the sidelines. As a result, family offices and private investors have been spoilt for choice on quality deal flow. There are many businesses that, despite concerns on markets, are still seeing exceptional growth. Whilst a significant part of our investment offerings are ASX listed, we find a lot of high quality unlisted businesses. Unlisted Deals from the last few months include the following:  
  • Laiva Gold: completed $10+ million raise to restart Europe’s largest gold mill
  • Alta: completed $5.6 million raise for Mixed Martial Arts (MMA) fitness platform Alta Global ahead of its envisaged US IPO
  • Tribe: completed $4 million follow-on investment for Tribe in partnership with Exto Partners. Tribe is a marketing technology platform solving a multi billion dollar challenge for large consumer businesses
  • Joyned: in final stages of closing a $5 million raise for a travel tech company revolutionising a $2.3 trillion industry in partnership with one of the market’s largest players. Click here to request the offer docs.
If you are a wholesale investor and would like to follow our upcoming unlisted opportunities, register your details here. US markets fell overnight, with economic data signaling that high interest rates are taking their toll on the world’s largest economy. Back to local markets, the ASX 200 finished yesterday’s session up 0.5%, after jumping as much as 0.8% on the back of the rate decision. All 11 industry sectors finished in the green, with the interest rate sensitive information technology sector the top performer, gaining 1.2% for the day.   As Dr Lowe prepares for his last board RBA meeting, investors will be hoping most of the heavy lifting has been done, and that Michele Bullock’s tenure launches into calmer waters.  The XJO has climbed higher throughout the past week, as it sits at 7387 – comfortably higher than its 200 day weighted moving average of 7239 and its 50 day weighted moving average of 7263. The index’s 52 week high currently stands just over 7567, and it will look to break resistance barriers over the next few days. Western Australian based AI surveillance solution provider has its eyes on capturing a near-term $300 million-plus market, as it continues to roll out across Australia and New Zealand, with plans to expand into select US states. Spectur Limited (ASX: SP3) has developed the only surveillance solution that can sense, think and act – without needing people, data cables or power cords. The solution is used by some of the largest government and institutional clients in Australia, including the Department of Planning, Lands and Heritage (DPLHWA), SingTel (Optus) and Surf Life Saving. On Tuesday, 8th August at 1pm (AEST), we will be joined by Managing Director Dr Gerard Dyson who will provide an update on Spectur’s encouraging FY23 Q4 results and how the acquisition of Spectur New Zealand and the integration of 3 Crown Technologies accelerates and expands Spectur’s vision and strategy. Click here to book your spot or request the replay.   Past performance is not a reliable indicator of future performance.  Reach Corporate provides Corporate Advisory Services, including managing investor communications on behalf of Spectur Limited and will receive fees for its services. Reach Markets have been engaged by Joyned to manage this offer and may receive fees for its services.
Any advice contained in this communication is general only and does not consider your objectives, financial situation or needs, and you should consider whether it is appropriate for you. This might mean that you need to seek personal advice from a representative authorised to provide personal advice. If you are thinking about acquiring a financial product, you should consider our Financial Services Guide (FSG) including the Privacy Statement at www.reachmarkets.com.au and the relevant Product Disclosure Statement, Prospectus or offer documents to understand the features, risks and returns associated with the investment. Reach* may have a material interest in and may earn fees or brokerage from any securities referred to in business or in which we seek to do business with. Please refer to the relevant offer documents for full details. You should only act on the information we provide if you are confident that you fully understand what you are doing. Past returns do not always indicate future returns, and it is also possible to make significant losses. There is always a risk of loss when trading and investing. *Reach refers to Reach Markets Pty Ltd (ABN 36 145 312 232) (CAR No: 431191), Reach Corporate Pty Ltd (ABN 76 638 960 540) (CAR No:1281636), of Reach Financial Group Pty Ltd (ABN 17 090 611 680) who hold an Australian Financial Services Licence (AFSL) 333297.
 

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Any advice provided by Reach Markets including on its website and by its representatives is general advice only and does not consider your objectives, financial situation or needs, and you should consider whether it is appropriate for you. This might mean that you need to seek personal advice from a representative authorised to provide personal advice. If you are thinking about acquiring a financial product, you should consider our Financial Services Guide (FSG)

including the Privacy Statement and any relevant Product Disclosure Statement or Prospectus (if one is available) to understand the features, risks and returns associated with the investment.

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