ACF Equity Research

ACF Equity Research ACCURACY | CLARITY | FORESIGHT Preferred research provider OTC Markets, AQUIS, et al. See Sustainability/ESG OTC Webinar on our news page

[ACF Equity Research @ACFER01]

$QDE.L has moved quickly to appoint Parker Russell UK LLP as its new auditor following Crowe’s unexpected resignation just one day before the FY25 reporting deadline. Audit work is back underway, with a revised publication timeline expected in due course. Read how in ACFResearch flash note https://t.co/8VFBL4HKln
$NEE $ENEL $DUK $IBE.MC $GEV $FSLR
@MastPlc @nexteraenergy @EnelGroup @DukeEnergy @iberdrola @GEVernova @acwapower_en @FirstSolar @Sungrow_Power @VinFastofficial @metals_one_plc

[ACF Equity Research @ACFER01]

ACFMarketWrap: Higher-for-longer fears hit risk assets - US stocks retreat from records as stronger-than-expected ADP jobs (122k) and a hot ISM Services PMI (54.5 vs 53.8 est.) signal resilient demand, while fresh Iran strikes in Bahrain and Kuwait lift yields, oil (WTI $96/bbl) and Fed tightening risks;
Financials weaken with $JPM -1%, AI leaders stumble as $ORCL $NVDA $MSFT -2.5%+, but $MRVL +15% extends its 30% surge after praise from $NVDA’s Jensen Huang, while $M gains on stronger guidance and $T slips on a downgrade; Mag 7 mixed $NVDA -3.32%, $MSFT -3.69%, $AAPL -1.61%, $AMZN -0.43%, $GOOG -0.35%, $TSLA -0.54%, $META +3%;
Europe also slides as tariff threats and Middle East tensions pressure banks ($UCG $BBVA $DBK -2–4%) and luxury ($MC -3%), though $ASML +1.6%, $ITX +1.5%, $SHEL +1.7%, $BP +1.9%, $BME +14% and $HWDN +3.5% outperform;
Nasdaq -1.08%, FTSE100 -0.40%
Next in focus: ECB President Lagarde Speech 📈🛢️
@WizardBattery @EU_Startups @Share_Talk @ZaksTradersCafe @zakmir @VOXmarkets @focusIR @LondonSouthEast @BullsNBearsWA @ArthurBenta

[ACF Equity Research @ACFER01]

What’s going on in oil - It is not scary headlines causing the repricing - Oil is higher because the market is putting geopolitical premium back into the barrel as U.S.-Iran talks stall and fighting flares again.

Reuters says Brent rose to about $98 and $WTI to about $95, helped by Iran’s missile attacks on Kuwait airport and Bahrain's US linked military base, U.S. strikes on Iran’s Qeshm Island.

Also the suspicion that communication between Tehran and Washington has effectively stopped.

Reuters also says the Strait of Hormuz remains only partially mined / partially functioning, which keeps a real supply-risk premium in place. Inventories are also tightening, US crude stocks continue to contract.

[ACF Equity Research @ACFER01]

ACFMorningMeeting - Diplomacy Diesel - is again in short supply. Europe morning session trade is softer as Middle East talks stall, oil climbs again, and the market is busy pricing conflict and escalation risk rather than diplomacy and peace. AI is still doing its best to hold up the global tape in the face of encroaching geopolitics.

Opening sessions - Europe / UK - softer. USA ftrs flat to slightly lower. Asia firmer, with AI and semis still supporting/carrying the mood. $STOXX $FTSE $FTMC $DAX $CAC $DJI $GSPC $IXIC

Stock Watch - Europe single-name action: $IDEXY jumps on a strong start to summer sales, while airlines and autos feel the oil squeeze again. AI remains the global cushion, with $MRVL Marvell and the broader semi trade keeping sentiment alive. $MRVL $NVDA $AMD $TSM

Commods - Brent $97.6 bbl, $WTI $95.4 bbl, GOLD $4,430s toz. COPPER $6.57 lb, still near record highs. COCOA $4,108 MT, rebounding again but still miles below peak panic.

Data Focus - today is more about conflict risk than calendar risk. If talks stay frozen and Hormuz stays impaired, inflation pressure splashes straight back across trading screens. ACFView

@WizardBattery @EU_Startups @Share_Talk @ZaksTradersCafe @zakmir @VOXmarkets @focusIR @LondonSouthEast @BullsNBearsWA @ArthurBenta

[Onu Anda @ACFER20]

ACF Desk Line - Small and Large Cap - $AZN $GSK $NVO create ballast, $SPI is the bid story, and $ABVX / $NCYT are the reminder that small-cap healthcare still trades on proof and cash, not promise - a KOL is a narrative/positioning event, it directs investors to where proofs lie.

[Onu Anda @ACFER20]

Today's European Healthcare / Biotech - still a stock-picker’s market. $ABVX shows investors punishing messy data, $SPI keeps the UK special-situations angle alive, and $NCYT is now about integration and cash burn. Large-cap dreadnoughts $AZN $GSK $NVO $SNY $RHHBY $ALC.

[Amalia Barnoschi @ACFER12]

ACFMorningMeeting Shorts - Europe first session softer, oil is up, and the market is back to pricing chaos over diplomacy. AI can cushion it, but not hide it. $STOXX $FTSE $DAX $CAC $IXIC $MRVL

[John Vandermosten @vanjohn10]

Nasus Pharma to hold KOL event on 10Jun to discuss NS002 & anaphylaxis
*Featuring Michael S. Blaiss, MD
*Joel Brooks, DO, MPH
$NSRX
https://t.co/CcJVWHowX6

[John Vandermosten @vanjohn10]

See our full-length discussions with @syndevrx CEO Brad Carver & CBO James Shanahan.
#evexomostat #metabo-oncology #MetAP2_inhibitor
#BioPharma #EmergingBiotech #ClinicalResearch #LifeSciences
https://t.co/1cEuFDDawq

[Bulls N' Bears @BullsNBearsWA]

WA-based @ArdeaResources has extended its definitive feasibility study timeline past June to incorporate key value-engineering upgrades at its globally significant Goongarrie Hub nickel-cobalt project near Kalgoorlie.

$ARL @westaustralian

https://t.co/IUsTAakAuX

[Delta Gold Technologies PLC @DeltaGoldTech]

Delta Gold is expanding the sponsored research partnership with Penn State, doubling the program from $3M to $6M and adding three quantum-related patent applications to our IP portfolio.

Read the full coverage by @QuantumDaily 👇
https://t.co/mx43kXoAtP #DGQ #O2J $DGQTF

[ACF Equity Research @ACFER01]

Gold miners, buy backs and dividends - these actions signal a company is ex-growth, and no one is paying for ex-growth, they will however pay for growth, so if a mining corp can up its future oz production guidance and it is credible, the corp will then more likely get institutional traction. @TaviCosta @Monetary_Metals

[Monetary Metals @Monetary_Metals]

@TaviCosta 

Gold miners are buying back shares, paying down debt, paying dividends, and generating more free cash flow than at any point in their history. But their share prices are near where they were in 2011.

According to Tavi Costa, CEO and founder of Azoria Capital, that gap comes down to one thing: most investors do not believe the margins are sustainable. They are still applying the same skepticism built up over years of watching mining companies bleed capital. But in his view, the data has changed significantly, and the market has not caught up yet.

That mining story sits inside a much larger thesis Tavi has been building around structurally higher resource prices, a dollar likely in a multi-year weakening trend, improving jurisdiction risk across Latin America, and a coming rotation of capital out of technology into hard assets as AI infrastructure spending drives capex higher and compresses tech multiples.

Tavi Costa joined The Gold Exchange to work through where he sees the mining story heading, why Latin America has seen the most significant shift in jurisdiction risk of any region over the last three to five years, how the dollar story connects to emerging markets, and what the AI build-out means for resource demand going forward.

Watch the full conversation here: https://t.co/cZFFYNUMs7

[Neils Christensen @neils_C]

While the #ECB report highlighting gold surpassing the US Treasuries in officiall reserves is catching a lot of attention, the central bank is a little behind on the news @TaviCosta was pointing this out in August and September.

https://t.co/DJCagQRM32

[Zaks Traders Cafe @ZaksTradersCafe]

Chart Rundown: June 2
Zak Mir takes a charting look at FTSE 100, Dax, Dow, Bitcoin, Ethereum, Gold, WTI Crude Oil, BSF, CT Automotive, Delta Gold, Evoke, Gelion, Itaconix, Raspberry Pi, Solid State, Sulnox, Synthomer and Entain.
https://t.co/v3ND0gZ021
#FTSE100 #DAX #DJI #BTC #ETH #Gold #WTI #BSFA #CTA #DGQ #EVOK #GELN #ITX #RPI #SOLI #SNOX #SYNTH #ENT

[Zaks Traders Cafe @ZaksTradersCafe]

RNS Hotlist June 3: Active Energy, boohoo, ITM Power, Reabold, Shuka, Venture Life
https://t.co/EehedPqylS
#AEG #DEBS #ITM #SKA #RBD #SKA

[ACF Equity Research @ACFER01]

Live Events - Hyve - PE owned corporate events provider (e.g. Indaba) has just be sold to another PE owner for 3x see more below @stockmark_it , notwithstanding the resale PE merry-go-round that generally points to a failure in the PE model, are live events going to be more valuable in a time of AI?

...only if AI's promises are not fairy hype - our research rarther than finding more things AI can do is finding more things LLM AIs just can't do well enough, like say...basic time anchored admin - god forbid you let your brand depend on AI generated value add.

AI has its niche and it is a revolution in that niche, but its wider more general application is looking a lot less certain as time passes.

Even Gemini says - humans need to monitor me and not leave me to my own devices otherwise I am a liability and not much use (we paraphrase).

[stockmarkit @stockmark_it]

The Resurgence of Hyve: A New Era in Live Corporate Events https://t.co/vw2cl0jDUT

[Share_Talk ™ @Share_Talk]

Trader's Café #BulletinBoardHeroes Review 📊 Tuesday 2nd June #FTSE100 #DAX #DJI #BTC #ETH #Gold #WTI #BSFA+38.89% #CTA+7.14% #DGQ-8.33% #EVOK+5.74% #GELN+12.68% #ITX+4.35% #RPI+10.27% #SOLI+2.63% #SNOX+4.00% #SYNT+3.57% #ENT-0.14% @ZaksTradersCafe

[Share_Talk ™ @Share_Talk]

Stocks in London are set to open marginally higher on Wednesday, as investors monitor developments in US-Iran talks. Futures indicate the FTSE 100 to open up 2.3 points, marginally higher, at 10,375.81 on Wednesday. The index of London large-caps closed 0.3% higher at 10,373.51 on Tuesday.
🔗 Read the full update here: https://t.co/t4NNmSIMNZ

[Share_Talk ™ @Share_Talk]

@FirstClassMetal (LON #FCM) provided an update ahead of its Annual General Meeting, reporting significant progress on the monetisation of an Ontario asset, with material commercial terms agreed and definitive documentation nearing finalisation. https://t.co/4b6yAbbfzz

[Jason Brewer @JB_MiningAfrica]

Shuka Minerals drilling of the Kabwe Zinc Mine

'continues to deliver some amazing zinc grades'

@Shukaminerals_ #SKA

[ACF Equity Research @ACFER01]

ACFMorningMeeting - Diplomacy Diesel - is again in short supply. Europe morning session trade is softer as Middle East talks stall, oil climbs again, and the market is busy pricing conflict and escalation risk rather than diplomacy and peace. AI is still doing its best to hold up the global tape in the face of encroaching geopolitics.

Opening sessions - Europe / UK - softer. USA ftrs flat to slightly lower. Asia firmer, with AI and semis still supporting/carrying the mood. $STOXX $FTSE $FTMC $DAX $CAC $DJI $GSPC $IXIC

Stock Watch - Europe single-name action: $IDEXY jumps on a strong start to summer sales, while airlines and autos feel the oil squeeze again. AI remains the global cushion, with $MRVL Marvell and the broader semi trade keeping sentiment alive. $MRVL $NVDA $AMD $TSM

Commods - Brent $97.6 bbl, $WTI $95.4 bbl, GOLD $4,430s toz. COPPER $6.57 lb, still near record highs. COCOA $4,108 MT, rebounding again but still miles below peak panic.

Data Focus - today is more about conflict risk than calendar risk. If talks stay frozen and Hormuz stays impaired, inflation pressure splashes straight back across trading screens. ACFView

@WizardBattery @EU_Startups @Share_Talk @ZaksTradersCafe @zakmir @VOXmarkets @focusIR @LondonSouthEast @BullsNBearsWA @ArthurBenta