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Stargroup part owned Korean ATM manufacturer posts strong half year result

ASX-listed Stargroup is set to share in robust half-year profits at part owned private South Korean ATM machine manufacturer NeolCP. Perth-based Stargroup has an 11 per cent stake in NeolCP, who posted a net profit after tax of AUD$853,705 for the half year ended 31 December 2016. The NeoICP results come on the back of Stargroup themselves posting a record half year. 

Local firm gets Philippines central bank approval for banking APP

It's all shoulders to the wheel now for Perth based tech play Peppermint Innovation after the Central Bank of the Philippines green-lighted their innovative mobile bill payment and money remittance APP. The company has been sweating on the notoriously hard to get central bank approval to commence a trial of their fully developed technology with their in-country partner.

Connected CIO releases cutting-edge police body camera

Wireless technology company Connected IO has produced another imaginative "internet of things" product that looks certain to be a hit. The company has just released its latest wearable body camera for the police and security sectors and they are looking to target markets like the UK, US, Canada, Germany, Netherlands, Dubai and Australia for the cutting-edge device.

Lithium Australia make their case for $21m Lepidico bid

Lithium Australia signaled they were serious all along about their takeover bid for Lepidico after launching their bidders statement for the company last week despite settling their IP dispute with them. Lithium Australia say their $21m bid will help both companies capture a once-in-a-cycle opportunity in the booming global Lithium market. 

Auroch receives more cash and shares for Manica settlement

Auroch Minerals now have $8.3m in liquid assets after the UK-based buyer of their Manica gold project in Mozambique came up with more cash and shares as part of last month's settlement agreement. Auroch will soon be owed only $US1.2m from last year's $US12m sale and will have enough financial horsepower to fund an exciting Lithium exploration program in Namibia.

PharmAust appoints Hopkins

ASX listed PharmAust has named Dr Richard Hopkins as the company's new chief executive. Hopkins was previously running Perth biotech company Phylogica Limited and will start as PharmAust CEO on March 7. 

CVCheck revenue up 42% for December 16 half year

You know the auto pilot is starting to kick in when you reduce your marketing spend by over $3m and your revenue jumps by $2m anyway. Such was the case in the December half year for ASX listed online screening and verification company CVCheck. Revenues for the half year jumped from $2.9m to $4.9m and costs appear to be well and truly under control. 

Pilbara Minerals' pilot plant outperforms by 23%

Investors rarely get interested in metallurgical flowsheets, but they should make an exception by taking a closer look at some exciting news out of Pilbara Minerals recently. The developer of the Pilgangoora Lithium project told the market that pilot plant trials had exceeded expectations by up to 23% which should look good when translated to the bottom line. 

Stargroup books robust half-year result

Financial technology and ATM machine company Stargroup has posted strong growth in its half-year result, delivering the company's best-ever revenue of more than $4 million for the half year. The company says the impressive result was driven by record revenues from its ATM network and they are expecting even better results next quarter after some cost savings kick in. 

Connected IO to ride “internet of things” freight train

How is it that some of the world's largest corporations have become customers and partners of a relatively unknown ASX listed junior that was only back-door listed by Perth connections last year ? These include Coca-Cola, US telco goliath Verizon, leading enterprise level US telco AT&T, Vodafone, The Red Cross, Cisco, US Police and a host of other impressive names. 

Sky and Space Global nano-satellites ready for landmark launch

ASX-listed Sky and Space Global says its first three miniature telecommunications satellites known as "nano-satellites" are now ready for launch after the completion of final testing in Europe. The nano-satellites are scheduled for launch on board the Indian Space Research Organisation's Polar Satellite Launch Vehicle in the second quarter of this year.

Legend beefs up its Fraser Range exposure

Legend Mining have added more tenements to their already sizeable land holdings in the revered Fraser Range district. The acquisition of two tenements from Musgrave Minerals via a share-only deal underlines the Perth-based explorer's high confidence in a nickel-copper discovery along strike from the breakthrough Nova-Bollinger discovery by Sirius Resources in 2012.

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Runners of the week

Company NameOpenPeak
RNI0.01300.0740
New Standard Energy0.00400.0100
LWP Technologies0.00100.0020
Zyber Holdings0.00800.0140
Image Resources0.06000.1000
RMG0.01200.0200
Hannans0.01100.0180
Redstone Resources0.01800.0290
JCI International Group0.48000.7700
Target Energy0.00200.0030

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