Hello everyone! Good morning. This is Daniel live from Kalkine Studio in
Sydney. And you’re watching the Early Trades. Let’s, get started with our market open report.
The S&P/ASX200 is up today, gaining 0.42 percent and setting a new 20-day high. Over the last five
days, the index has gained 2.74 percent but is virtually unchanged over the last year to date.
The top performing stocks in this index are VIRGIN MONEY UK up 4.87 percent and IMUGENE
up 4.81 percent. Santos announced a large oil discovery at the Pavo-1 well, 160 kilometers
north-east of Port Hedland, in which Carnarvon is a 30-70 partner, making Carnarvon Energy surge by
22.5 percent. Santos was up 0.1 per cent, while Plenti jumped 17 per cent on its profit upgrade.
Let’s take a look at some of the stocks making a buzz in today’s opening session.
Santos announced a significant oil discovery in its Pavo-1 exploration well
46 kilometres east of the Dorado field in the Bedout Sub-basin, offshore Western Australia.
The well was drilled on the northern culmination of the greater Pavo structure and encountered a
60-meter gross hydrocarbon column in the primary Caley member reservoir target.
Wireline data has confirmed 46 meters of net oil pay, with an oil-water contact intersected at
3,004 meters measured depth (MD). Excellent reservoir quality is interpreted from logs
with 19 per cent average porosity, permeabilities in the 100 to 1,000 millidarcy range
and hydrocarbon saturations averaging 80 per cent, similar to that encountered in the Dorado field.
Plenti is pleased to announce it expects to be Cash NPAT profitable for the full year to 31 March
2022 (FY22), and that the Company has achieved its loan book growth target for the financial year.
After achieving positive monthly Cash NPAT for the first time in October 2021, monthly Cash NPAT
has continued to increase each month. In line with this growth in profitability, Plenti now forecasts
delivering Cash NPAT of at least $2.2 million in the 6 month period ending 31 March 2022.
The Company had previously communicated a Cash NPAT objective of at least $1.0 million in 2H22
The Board of AnteoTech announced that Mr. Derek Thomson has given notice of his resignation as
Chief Executive Officer. Derek has undertaken to serve out his six month notice period as
required and will work with Executive Director Mr. Christopher Parker and the management team
to continue advancing the commercial activities in both the Life Sciences and Energy divisions.
Cettire confirms that Mr Dean Mintz, Founder and CEO, has agreed to sell down 35.0 million shares
in the Company from the shares which were recently released from voluntary
escrow. This sell down represents 9.18 percent of the Company’s issued capital. The sale was
undertaken at a price of $1.35 per share in a block trade. Following this sale, Mr. Mintz
will retain a 56.72 percent shareholding in the Company and remain Cettire’s largest shareholder.
Mr Mintz has also confirmed that he will not sell any further shares in Cettire
prior to the release of the Company’s Financial Year 2022 full year results.
Well, that’s all for now on the early trades! Stay tuned to Kalkine TV,
as we have many more shows lined up for you for sharing live updates across the economy,
markets, and sectors. This is Daniel signing off!