The markets have continued to run up, the next major resistance level is 7477. In a sign the Reserve Bank of Australia (RBA) is becoming less hawkish, the central bank decided to hold rates again this month – which the market has reacted well to.

We’ve noticed investors coming back into the market over the last 8 weeks. Institutional investors with mandates for sub $100m cap are still mainly sitting on the sidelines. As a result, family offices and private investors have been spoilt for choice on quality deal flow. There are many businesses that, despite concerns on markets, are still seeing exceptional growth.

Whilst a significant part of our investment offerings are ASX listed, we find a lot of high quality unlisted businesses. Unlisted Deals from the last few months include the following:  

• Laiva Gold: completed $10+ million raise to restart Europe’s largest gold mill
• Alta: completed $5.6 million raise for Mixed Martial Arts (MMA) fitness platform Alta Global ahead of its envisaged US IPO
• Tribe: completed $4 million follow-on investment for Tribe in partnership with Exto Partners. Tribe is a marketing technology platform solving a multi billion dollar challenge for large consumer businesses
• Joyned: in final stages of closing a $5 million raise for a travel tech company revolutionising a $2.3 trillion industry in partnership with one of the market’s largest players. Click here to request the offer docs.

If you are a wholesale investor and would like to follow our upcoming unlisted opportunities, register your details here.

US markets fell overnight, with economic data signaling that high interest rates are taking their toll on the world’s largest economy.

Back to local markets, the ASX 200 finished yesterday’s session up 0.5%, after jumping as much as 0.8% on the back of the rate decision.

All 11 industry sectors finished in the green, with the interest rate sensitive information technology sector the top performer, gaining 1.2% for the day.  

As Dr Lowe prepares for his last board RBA meeting, investors will be hoping most of the heavy lifting has been done, and that Michele Bullock’s tenure launches into calmer waters. 

The XJO has climbed higher throughout the past week, as it sits at 7387 – comfortably higher than its 200 day weighted moving average of 7239 and its 50 day weighted moving average of 7263. The index’s 52 week high currently stands just over 7567, and it will look to break resistance barriers over the next few days.

Western Australian based AI surveillance solution provider has its eyes on capturing a near-term $300 million-plus market, as it continues to roll out across Australia and New Zealand, with plans to expand into select US states.

Spectur Limited (ASX: SP3) has developed the only surveillance solution that can sense, think and act – without needing people, data cables or power cords. The solution is used by some of the largest government and institutional clients in Australia, including the Department of Planning, Lands and Heritage (DPLHWA), SingTel (Optus) and Surf Life Saving.

On Tuesday, 8th August at 1pm (AEST), we will be joined by Managing Director Dr Gerard Dyson who will provide an update on Spectur’s encouraging FY23 Q4 results and how the acquisition of Spectur New Zealand and the integration of 3 Crown Technologies accelerates and expands Spectur’s vision and strategy. Click here to book your spot or request the replay.

Past performance is not a reliable indicator of future performance.

 Reach Corporate provides Corporate Advisory Services, including managing investor communications on behalf of Spectur Limited and will receive fees for its services.

Reach Markets have been engaged by Joyned to manage this offer and may receive fees for its services.