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Research
Argonaut's primary research focus is on natural resources (mining, energy and agribusinesses). Where warranted, the Research team covers special situations.
Argonaut does not constrain its thought process, but uses a combination of
- Top-down analysis to identify themes and sectors
- Bottom-up analysis to select individual stocks
In presenting Argonaut's thoughts, the weight of the arguments put forward is more important than the weight of the document. Argonaut provides research in a clear, concise and readable manner through:
- Daily Notes
- Institutional-quality Research Reports
- Regular Email Updates
Argonaut's recommendations are based on in-depth and pro-active analysis, where the Research Team endeavours to identify the investment themes of the future rather than reactively latching on to the latest fad. The Research Team is keenly focused on fundamental research and valuation in order to support Argonaut's views.
Access to Research Area
A Username and Password are required to access other research reports created by the Research Team.
Please use the section on the left hand side to login to access the Research Area, or contact us to request access if you are a new client
Public Research
Morning Notes
Wednesday, September 08, 2010Click here to view
| Breaking four days of gains, stocks in the US fell overnight. The drop was led by financial stocks on the back of concern over the health of European banks. The worry is that European lenders will require more capital to compensate for holding the bonds of some of Europe’s weakest economies. Gernamy’s banks said they needed to raise $135b while Pimco commentary recently suggested that Greece still faces substantial default risk. |
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Tuesday, September 07, 2010Click here to view
| Little activity overnight given the Labour Day holiday in the USA, the FTSE closed 11 pts higher. The local bourse was positive yesterday on the back of Friday night’s action in the USA. LME base metals were generally higher with the exception of tin. The Aussie dollar is buying US91.8c. |
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Monday, September 06, 2010Click here to view
| Better-than-anticipated growth in private payrolls drove U.S. stocks higher on Friday night. Financial stocks posted the biggest gains as private employers climbed 67,000 last month. The S&P 500 rose 1.3% to 1,105. The Dow increased 128 points, or 1.2%, to 10,448, erasing its loss for the year. |
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Friday, September 03, 2010Click here to view
| Better than expected housing and retail data led Wall Street higher overnight. The Dow gained 51 points (0.5%) to 10,320 while the Nasdaq rose 1.1% and the S&P500 0.9%. |
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Thursday, September 02, 2010Click here to view
| Global stocks surged the most overnight since May as manufacturing in the U.S. and China grew faster than anticipated. U.S. equities rallied even after companies unexpectedly cut 10,000 jobs last month, according to figures today from ADP Employer Services. The Dow added 255 points or 2.5% to 10,269 and the S&P 500 Index jumped 3.0% to 1,080.
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Company Research
Company Name : NRW Holdings Limited
Solid returns in competitive environment - Tuesday, August 31, 2010Click here to view
| NRW Holdings (NWH) has delivered normalised NPAT at the top end of guidance range ($33-38m) and slightly ahead of our expectation. On a normalised basis:
Revenue was up 20% to $609.7m (Argonaut FY10E $608.8m)
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