Fear and Greed Afternoon Report | 14 Jul 2025

This is the Fear and Greed Afternoon Report - everything you need to know about what happened in the markets, economy and world of business today, in just a few minutes.

1. Gold outperforms

2. DroneShield surge

3. Abacus bid

4. South32 warning

5. EU-US spat

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Episode Transcript

Speaker 1 (00:04):
Welcome to the Fearing Greed Business News Afternoon Report for Monday,
the four ninth of July twenty twenty five. I'm Sean Aylmer.
Every afternoon we've got the five stories that happened today
that you need to know about story and I'm one.
The SMPASX two hundred closed down slightly today's zero point
one percent, in fact, to eight thousand, five hundred and
seventy points. The banks were mixed, so to the big miners.

(00:25):
It's like investors are on school holidays at the moment.
Perhaps they are. There's a pretty good day of the
gold stocks on the back of the geopolitical uncertainty around
the place. Northern Star, Newmont and the Evolution Mining all rows.
The same uncertainty hit sum of the mid cap tech
stocks Zip, Appen, Block, NNA Sonics all fell Story number two.
There are bits and pieces of corporate news around today.

(00:47):
Drone Shield will invest thirteen million dollars in a major
new research, development and manufacturing facility, triple the size of
its current facility that pushed its share price up as
much as twelve percent to a record high. Retailor city
Ship Collective said it will make a profit for the
last financial year after losing money the previous year, but
the forecast bottom line disappointed investors. Its share price closed

(01:11):
down one percent. Henson Technology Is upgraded its underlying profit outlooks,
sending its share price up eleven percent. Coal minor Bowen
Cochin resumed trading on the AX after a three week
suspension sparked by growing concerns about its liquidity. Its share
price closed up four percent, And finally, Macquarick Technology Group
said its Data center arm has entered into an option

(01:32):
to purchase a pass of land for a new data
center campus in Sydney. It's share price up ten percent,
the best of the top two hundred Today Story number
three bidders for Abicus Storage King have up their offer
for the group by almost fifteen percent to two point
two billion dollars. That was enough to convince the ASX
listed company to open its books to the bidders, led

(01:52):
by a South African businessman and a Wall Street listed company.
In April, Abacus rejected a one dollar forty seven per
security bid, saying its portfolio really is valued about a
dollar seventy three a share. The latest offer is a
dollar sixty five a share. Its share price closed today
at a dollar sixty five, so there's still a ways
to go there. Apicus owns two hundred and ten self

(02:15):
storage sites in Australia and New Zealand, adding to the intrigue.
Another storage operator, ASX listed National Storage Route, owns nine
percent of Abicus. As I said, still a long way
to go on that one. Story number four. Diversified Minors
sou thirty two has put its production guidance under review,
flagging an unquantified expense at its Moses aluminium smelter in Mozambique.

(02:38):
The problem is getting energy to the mine. Electricity is
supplied to Moses under an agreement due to expiring March
next year. Now. Historically, the majority of electricity from Moses
has been generated in Mozambique by a hydroelectric power generator,
which is majority owned by the Mozambacon government. Negotiations over
affordable power after March next year is the reason for

(03:01):
the warning yesterday and story number five. The fallout from
Donald Trump's announcement of tariffs on the European Union continues,
with German Chancellor Frederic Mertz saying thirty percent tariffs would
hit exporters in Europe's largest economy to the core. Mertz
is hoping to find a negotiated solution in coming weeks.
He said. If the tariffs are introduced, they would overshadow

(03:23):
domestic policy in Germany's government may need to postpone parts
of its economic policy efforts. The European Union will extend
the suspension of trade countermeasures against the US until August
one to allow for further talks. However, according to Italy's
foreign minister, the EU has already already prepared a list
of tariffs on US goods if the two regions fail

(03:44):
to reach a deal. Meanwhile, Bloomberg is reporting that the
EU will step up its engagement with other countries hit
by US tariffs. Both Canada and Japan are included in
those plans. That's it for the afternoon report for Monday,
the fourteenth of July twenty twenty five. Make sure you
hit follow on the podcast. We will be back tomorrow
morning with a Tuesday edition of the past five business
news by Fear and Greek. I'm Sean Elma. Enjoy your

(04:06):
reading