Austock Group Limited
Austock Group is a registered Pooled Development Fund ("PDF") specialising in the provision of development capital to emerging businesses within, or providing technological developments to, the financial services sector. Austock Group applies a rigorous due diligence and assessment process to ensure its investee companies have the potential for high capital growth.
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Following the recent resource upgrade and positive beneficiation test results we have reinitiated coverage of Pluton Resources (ASX:PLV). We rate PLV a Speculative Buy with a target of A$0.76/share - based on our risked DCF valuation.
On Monday, the Australian share market fell to a four-year low as investors remained concerned about the continuing gloomy economic outlook. The big miners and the banks led the market lower, and all sectors were down. The benchmark S&P/ASX200 index was down 95.1 points, or 2.54 per cent, at 3,653, while the broader All Ordinaries index lost 86.5 points, or 2.32 per cent, to 3639.5. Analysts said the market was oversold on fundamentals, but more softened half-year results would be expected in recent days.
Austock Group Limited (ASX: ACK) - Austock Group Listing on the ASX - Mr Timothy Boyle, MD; Austock Group Limited (ASX: ACK) present the following audio webcast regarding "Austock Group Listing on the ASX".
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