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With more than 600k average monthly users on the HotCopper forums, each and every discussion can move markets. That’s why getting in front of those red-hot trends is key for every trader worth their salt. In this daily HotCopper Trends column, we break down the top Oz stocks through each trading day.
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Comms Group (ASX:CCG) has attracted strong support across the HotCopper forums early this week after the company revealed it would receive $30 million for the sale of its IT managed services division, “onPlatinum.”
The company has entered into a binding share sale agreement with Thinkex Holdings – trading as efex – for the divestment of onPlatinum. The move comes as Comms undergoes a renewed focus on its core cloud communications, unified communications, domestic telecoms, and global services.
CCG has been up +23% to lunchtime today, at 9.1cps.
Neuren Pharmaceuticals (ASX:NEU) was a high-flyer this Monday morning as well, after its Daybu (trofinetide) treatment for Rett syndrome was recommended for an European-focused marketing authorisation.
If granted, Daybu would be the first therapy approved for this indication in the EU for the treatment of adults and paediatric patients aged five years and older. Under a licence agreement, for Europe, Neuren is set to receive US$35 million after the first commercial sale.
NEU was up +28.9%, to $15.72 at the time of going to press.
And, SRJ Technologies (ASX:SRJ) jumped after the signing of a memorandum of understanding with Nexxis to explore a global strategic robotics collaboration. The MoU establishes a phased approach to technology access and commercial development, including the potential for a capital-efficient leaseback model that would give SRJ’s remote inspection and emissions monitoring business, Air Control Entech access to Nexxis’ OEM-maintained robotic platforms.
“This MoU is the starting point for what we believe can be a genuinely significant partnership between SRJ and Nexxis,” SRJ’s CEO, Kurt Reeves, said. “What we are building here is a service capability that combines leading robotics hardware and technology with a team that knows how to deploy it – and critically knows how to turn the data it produces into real value for our clients.”
SRJ was up +27.3% in Monday trade, at 1.4¢.
Looking wider, the S&P/ASX 200 gained 20.7 points, +0.24%.
That’s Monday’s HotCopper Trends, I’m Colin Sandell-Hay – see you for close.
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