Foster Stockbroking

Changes to Research Coverage

For information on stocks we have initiated coverage on, ceased coverage of, or placed coverage under review, click the tabs below.

We have initiated coverage on the following stocks.

Stock Name:

Panoramic Resources Ltd (PAN.ASX)

Date of initiation:

31 Aug 2020

Reason for initiation:

We consider PAN is highly undervalued and has turnaround potential, with limited broker coverage.

Stock Name:

Saturn Metals Ltd (STN.ASX)

Date of initiation:

28 Aug 2020

Reason for initiation:

An emerging gold explorer which is not well researched in the market with potential to become a producer.

Stock Name:

Tietto Minerals (TIE.ASX)

Date of initiation:

10 Jul 2020

Reason for initiation:

High growth outlook, not broadly covered by other brokers, and undervalued.

Stock Name:

AML3D (AL3.ASX)

Date of initiation:

25 Jun 2020

Reason for initiation:

High growth potential, not broadly covered by other stockbrokers, and we believe undervalued.

Stock Name:

Bardoc Gold (BDC.ASX)

Date of initiation:

26 May 2020

Reason for initiation:

High growth outlook, not broadly covered by other brokers, and undervalued.

Stock Name:

Challenger Exploration (CEL.ASX)

Date of initiation:

15 May 2020

Reason for initiation:

Not covered by other stockbrokers, scope to grow resource, and add value.

Stock Name:

New Century Zinc (NCZ.ASX)

Date of initiation:

7 May 2020

Reason for initiation:

Zinc producer with potential to add value, scant broker coverage.

Stock Name:

Myanmar Metals Ltd (MyL.ASX)

Date of initiation:

20 Apr 2020

Reason for initiation:

We view MYL as a stock not broadly covered, with scope to develop a project that could be potentially world class.

Stock Name:

Marley Spoon AG (MMM.ASX)

Date of initiation:

14 Apr 2020

Reason for initiation:

We consider MMM to be an undervalued stock, not broadly researched, and offering high growth potential.

Stock Name:

Strandline Resources (STA.ASX)

Date of initiation:

17 Feb 2020

Reason for initiation:

Highly undervalued, scant broker coverage, and emerging producer

Stock Name:

Deep Yellow Ltd (DYL.ASX)

Date of initiation:

22 Jan 2020

Reason for initiation:

Emerging uranium developer, not well covered by other brokers.

Stock Name:

Peak Resources Ltd (PEK.ASX)

Date of initiation:

12 Dec 2019

Reason for initiation:

We consider PEK to be an undervalued stock, not broadly covered by other brokers, with the potential to develop its Ngualla rare earth project.

Stock Name:

Universal Coal plc (UNV.ASX)

Date of initiation:

23 Aug 2019

Reason for initiation:

UNV is an emerging South African coal growth story, not well covered by the market.

Stock Name:

BisAlloy Steel Group Ltd (BIS.ASX)

Date of initiation:

19 Aug 2019

Reason for initiation:

We consider BIS to be an undervalued stock, not broadly covered by other brokers, with the potential for growth in the specialist steel product market.

Stock Name:

CV Check Ltd (CV1.ASX)

Date of initiation:

19 Jul 2019

Reason for initiation:

We consider CV1 to be a high growth, undervalued stock, with little broker coverage.

Stock Name:

First Graphene Ltd (FGR.ASX)

Date of initiation:

17 Jun 2019

Reason for initiation:

FGR is a stock with no prior broker coverage, which we view as being undervalued and possessing potential for growth in the graphene market.

Stock Name:

Adriatic Metals PLC (ADT.ASX)

Date of initiation:

13 May 2019

Reason for initiation:

We view ADT as a stock with little broker coverage, being undervalued, and potential for growth.

Stock Name:

Boart Longyear (BLY.ASX)

Date of initiation:

4 Dec 2018

Reason for initiation:

We view BLY to be an undervalued stock, not broadly covered by other stockbrokers, with the potential to be a turnaround opportunity.

Stock Name:

Yojee Ltd (YOJ.ASX)

Date of initiation:

15 Oct 2018

Reason for initiation:

YOJ is a company with high growth potential and not well covered by the market.

Stock Name:

LatAm Autos Ltd (LAA.ASX)

Date of initiation:

25 Jul 2018

Reason for initiation:

We believe LAA to be a high growth, undervalued stock not broadly covered by other stockbrokers.

We have ceased formal research coverage on the following stocks. However, Foster Stockbroking may choose to publish less formal research such as Talking Points on these stocks from time to time:

Stock Name:

LNG Ltd (LNG)

Date of cessation:

8 May 2020

Reason for cessation:

Under administration.

Stock Name:

Universal Coal plc (UNV)

Date of cessation:

8 May 2020

Reason for cessation:

Takeover bid.

Stock Name:

Yojee Ltd (YOJ.ASX)

Date of cessation:

3 Apr 2020

Reason for cessation:

Re-allocation of staff resources

Stock Name:

LatAm Autos (LAA.ASX)

Date of cessation:

17 Dec 2019

Reason for cessation:

Re-allocation of resources

Stock Name:

First Graphene (FGR.ASX)

Date of cessation:

17 Dec 2019

Reason for cessation:

Re-allocation of resources

Stock Name:

Terracom Ltd (TER.ASX)

Date of cessation:

24 May 2019

Reason for cessation:

Re-allocation of staff resources

Stock Name:

Dreamscape Networks Ltd (DN8.ASX)

Date of cessation:

24 May 2019

Reason for cessation:

Re-allocation of staff resources

Stock Name:

9 Spokes Ltd (9SP.ASX)

Date of cessation:

24 May 2019

Reason for cessation:

Re-allocation of staff resources

Stock Name:

Lynas Corporation Ltd (LYC.ASX)

Date of cessation:

4 Mar 2019

Reason for cessation:

Re-allocation of staff resources

Stock Name:

Codan Ltd (CDA.ASX)

Date of cessation:

4 Mar 2019

Reason for cessation:

Re-allocation of staff resources

Stock Name:

Mineral Resources Ltd (MIN.ASX)

Date of cessation:

4 Mar 2019

Reason for cessation:

Re-allocation of staff resources

Stock Name:

Adacel Technologies Ltd (ADA. ASX)

Date of cessation:

4 Mar 2019

Reason for cessation:

Re-allocation of staff resources

Stock Name:

LiveHire Ltd (LVH.ASX)

Date of cessation:

4 Mar 2019

Reason for cessation:

Re-allocation of staff resources

Stock Name:

Kidman Resources Ltd (KDR.ASX)

Date of cessation:

4 Mar 2019

Reason for cessation:

Re-allocation of staff resources

Stock Name:

Pilbara Minerals Ltd (PLS.ASX)

Date of cessation:

4 Mar 2019

Reason for cessation:

Re-allocation of staff resources

Stock Name:

Nearmap Ltd (NEA.ASX)

Date of cessation:

4 Mar 2019

Reason for cessation:

Re-allocation of staff resources

Stock Name:

Black Rock Mining Ltd (BKT.ASX)

Date of cessation:

7 Nov 2018

Reason for cessation:

Re-allocation of staff resources

Stock Name:

Global Geoscience Ltd (GSC.ASX)

Date of cessation:

7 Nov 2018

Reason for cessation:

Re-allocation of staff resources

Stock Name:

American Pacific Borate & Lithium Ltd (ABR.ASX)

Date of cessation:

7 Nov 2018

Reason for cessation:

Re-allocation of staff resources

Stock Name:

Updater Inc (UPD.ASX)

Date of cessation:

8 Oct 2018

Reason for cessation:

Delisting from ASX

Stock Name:

Atlas Iron Ltd (AGO. ASX)

Date of cessation:

24 Apr 2018

Reason for cessation:

Mineral Resources Ltd offer to acquire AGO

Stock Name:

Bigtincan Holdings Ltd (BTH.ASX)

Date of cessation:

16 Mar 2018

Reason for cessation:

Re-allocation of staff resources

Stock Name:

Kogan Ltd (KGN. ASX)

Date of cessation:

9 Jan 2018

Reason for cessation:

Re-allocation of staff resources

Stock Name:

Altium Ltd (ALU.ASX)

Date of cessation:

7 Dec 2017

Reason for cessation:

Re-allocation of staff resources

Stock Name:

1st Available Ltd (1ST.ASX)

Date of cessation:

7 Dec 2017

Reason for cessation:

Re-allocation of staff resources

Stock Name:

Brainchip Ltd (BRN.ASX)

Date of cessation:

7 Dec 2017

Reason for cessation:

Re-allocation of staff resources

Stock Name:

Freelancer Ltd (FLN.ASX)

Date of cessation:

7 Dec 2017

Reason for cessation:

Re-allocation of staff resources

Stock Name:

SDI Ltd (SDI.ASX)

Date of cessation:

12 Oct 2017

Reason for cessation:

Re-allocation of staff resources

Stock Name:

Nuheara Limited (NUH.ASX)

Date of cessation:

26 Jul 2017

Reason for cessation:

Re-allocation of staff resources

Stock Name:

Avenira Ltd (AEV.ASX)

Date of cessation:

24 Jul 2017

Reason for cessation:

Re-allocation of staff resources

Stock Name:

TopBetta Holdings Ltd (TBH.ASX)

Date of cessation:

4 May 2017

Reason for cessation:

Re-allocation of staff resources

Stock Name:

Kabuni Ltd (KBU.ASX)

Date of cessation:

10 Mar 2017

Reason for cessation:

Change in company strategy

Stock Name:

DateTix (DTX.ASX)

Date of cessation:

28 Feb 2017

Reason for cessation:

Re-allocation of staff resources

Stock Name:

Ahalife (AHL.ASX)

Date of cessation:

28 Feb 2017

Reason for cessation:

Re-allocation of staff resources

Stock Name:

Yowie Group Ltd (YOW.ASX)

Date of cessation:

17 Feb 2017

Reason for cessation:

Re-allocation of staff resources

Stock Name:

Medibio Ltd (MEB.ASX)

Date of cessation:

17 Feb 2017

Reason for cessation:

Re-allocation of staff resources

Stock Name:

Highfield Resources Ltd (HFR.ASX)

Date of cessation:

17 Feb 2017

Reason for cessation:

Re-allocation of staff resources

Stock Name:

Red River Resources Ltd (RVR.ASX)

Date of cessation:

17 Feb 2017

Reason for cessation:

Re-allocation of staff resources

Stock Name:

Yowie Group Ltd (YOW.ASX)

Date of cessation:

6 May 2016

Reason for cessation:

Changes in research staff

Stock Name:

Shareroot (SRO.ASX)

Date of cessation:

6 May 2016

Reason for cessation:

Changes in research staff

Stock Name:

Reffind (RFN.ASX)

Date of cessation:

6 May 2016

Reason for cessation:

Changes in research staff

Stock Name:

Covata (CVT.ASX)

Date of cessation:

6 May 2016

Reason for cessation:

Changes in research staff

Stock Name:

Activistic Ltd (ACU.ASX)

Date of cessation:

6 May 2016

Reason for cessation:

Changes in research staff

Stock Name:

1-Page (1PG.ASX)

Date of cessation:

6 May 2016

Reason for cessation:

Changes in research staff

Stock Name:

Invigor Group Ltd (IVO.ASX)

Date of cessation:

29 Feb 2016

Reason for cessation:

Re-allocation of staff resources.

Stock Name:

Alexium International Group (AJX.ASX)

Date of cessation:

5 Feb 2016

Reason for cessation:

Re-allocation of staff resources.

Stock Name:

Newzulu Limited (NWZ.ASX)

Date of cessation:

5 Feb 2016

Reason for cessation:

Re-allocation of staff resources.

Stock Name:

Unilife Corporation (UNS.ASX)

Date of cessation:

11 Dec 2015

Reason for cessation:

Re-allocation of staff resources.

Stock Name:

Tiger Resources Ltd (TGS.ASX)

Date of cessation:

11 Dec 2015

Reason for cessation:

Re-allocation of staff resources.

Stock Name:

xTV Networks Ltd (XTV.ASX)

Date of cessation:

11 Dec 2015

Reason for cessation:

Re-allocation of staff resources.

Stock Name:

Real Energy Corporation Ltd (RLE.ASX)

Date of cessation:

11 Dec 2015

Reason for cessation:

Re-allocation of staff resources.

Stock Name:

99 Wuxian Limited (NNW.ASX)

Date of cessation:

11 Dec 2015

Reason for cessation:

Re-allocation of staff resources.

Stock Name:

Dick Smith Holdings Ltd (DSH.ASX)

Date of cessation:

2 Dec 2015

Reason for cessation:

Re-allocation of staff resources.

Stock Name:

Kula Gold Limited (KGD.ASX)

Date of cessation:

11 Jun 2015

Reason for cessation:

Re-allocation of staff resources.

Stock Name:

Moko Social Media Limited (MKB.ASX)

Date of cessation:

25 Feb 2015

Reason for cessation:

Re-allocation of staff resources.

Stock Name:

Petrel Energy Limited (PRL.ASX)

Date of cessation:

25 Feb 2015

Reason for cessation:

Re-allocation of staff resources.

Stock Name:

Mawson West Limited (MWE.TSX)

Date of cessation:

23 Feb 2015

Reason for cessation:

Re-allocation of staff resources.

Stock Name:

Iron Ore Holdings (IOH.ASX)

Date of cessation:

28 Oct 2014

Reason for cessation:

IOH delisting from the ASX following its takeover by BC Iron.

Research coverage on the following stocks have been placed under review.

Stock Name:

9 Spokes International Ltd (9SP.ASX)

Date placed under review:

4 Sep 2018

Date removed from review:

24 May 2019