Tuesday’s HotCopper trends: Stakk, Codan, Power Minerals and other daily topics

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 stock movers through each trading day.

Stakk (ASX: SKK) was the big mover after it revealed its wholly owned subsidiary ParaScript, working with its strategic partner in the US government sector, has been engaged to deliver signature verification capabilities for use by the US Federal Bureau of Investigation (FBI).

Stakk’s technology supports the assessment of physical signatures where authenticity or potential fraud is in question. The first phase of the FBI deployment is fully live. Work is now under way on a second phase that will add capabilities to locate and prepare reference signatures for the verification process.

“We acquired ParaScript because its technology, combined with the capabilities Stakk had already developed, addresses a need that extends well beyond any one industry,” director Arthur Lo, said.

“Delivering these capabilities for use by the FBI reinforces our conviction that trusted, accurate decisioning matters across financial services, healthcare, government, law enforcement and other regulated sectors.”

SKK jumped 55.6% to 2.8c.

Communications technology specialist Codan (ASX: CDA) was popular on HotCopper after unveiling a major update on its earnings forecast.

Codan expects its Communications segment to deliver H1 FY27 revenue growth in the order of 20% with broad-based growth across regions and markets reinforcing the global relevance of our technologies.

The company said demand from conflict regions is currently exceptionally strong, reflecting the proven performance and reliability of our technology in these contested environments. With this elevated demand, Codan expects revenue generated from conflict regions to represent approximately 50% of Communications segment revenue in H1 FY27.

Codan now expects the Communications segment to deliver H1 FY27 revenue of between $400 million and $410 million.

However, the company noted that demand from conflict regions is difficult to forecast beyond three months and accordingly it is too early in the financial year to determine if demand and margin will continue at similar levels in H2 FY27.

CDA was up 20.4% to $62.59.

Power Minerals (ASX: PNN) has reported further high-grade magnet rare earth oxide (MREO) and total rare earth oxide (TREO) results at significant depth from its Morro do Ferro project in Brazil.

The company has received initial assay results for 20 samples from drillhole MFSR-056, and the assays have once again demonstrated impressive high-grade REO mineralisation at considerable depths.

“These results extend the area of confirmed high-grade rare earth mineralisation at Morro do Ferro, with MFSR-056 returning 39 metres downhole at 4.42% TREO, including 0.95% magnet rare earth oxides, on a section 57 metres northwest of our initial drilling. With further assays pending, our focus remains on defining the mineralisation, advancing metallurgical testwork and progressing towards a maiden Mineral Resource estimate,” CEO, Alistair Stephens, said.

PNN was down 11.1% to 12.0¢.

Looking wider, the S&P/ASX 200 was up just 3.70 points today to 8,683.40. The index has lost 0.85% for the last five days but is virtually unchanged year to date.

Meanwhile, the ABS has reported that household spending was unchanged in August, after rising in both July (+1.1%) and June (+0.9%). Household spending was 6.8% higher than the same time last year.

“Recreation and culture spending saw the largest fall – down 1.4% – after months of higher spending associated with major sporting events,” Tom Lay, ABS head of business statistics, said.

“Clothing and footwear, Recreational goods, Food, Health, and Furniture also fell.”

“These falls were offset by higher transport spending – up 2.3% – leaving overall household spending unchanged from July.”

“Both fuel spending and new vehicle sales contributed to this rise, especially electric vehicles sales as households respond to rising fuel prices.”

Fuel spending rose 8.1& in August, following the full restoration of fuel excise duty from 3 August – a Federal Government’s Fuel Tax Relief measures introduced on 1 April.

That’s Tuesday’s HotCopper Market Trends, I’m Colin Sandell-Hay ⁠- see you for close.

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