In today’s briefing:
- Empire Energy Group Ltd – Getting Close to the FID Pointy End
- EQD | ASX200 Rally: How Much Higher?
- Millennium Services Group Ltd – Q2 FY24 Revenue Beat Our Estimates Due to Ad-Hoc Work
Empire Energy Group Ltd – Getting Close to the FID Pointy End
- Empire Energy Group Limited (ASX:EEG) is an oil and gas producer/developer with onshore Northern Territory (NT) and US oil/gas production assets.
- EEG has the largest tenement position in the highly prospective Greater McArthur Basin, which includes the Beetaloo Sub-basin.
- The investment case continues to build with a FID point on the Carpentaria Pilot Project tantalisingly close.
EQD | ASX200 Rally: How Much Higher?
- The S&P/ASX 200 INDEX started to go up again after just 1 week down, now starting the 2nd week up, we want to evaluate how far it can go.
- There are a number of Q2 resistance levels just above the 7600 price area for the next 2 weeks, so if the index goes up there it will be overbought.
- This pattern is bullish, you need to wait for at least 3 or 4 weeks up in a row before going SHORT, unless you love to take risks…
Millennium Services Group Ltd – Q2 FY24 Revenue Beat Our Estimates Due to Ad-Hoc Work
- Human services company Millennium Services Group Ltd (ASX:MIL) has released its Q2 FY24 cash-flow report and a Q2/H1 FY24 revenue update.
- Total Q2 FY24 revenue increased 17.7% on the pcp, accelerating from Q1 FY24 and above RaaS estimates with ad-hoc revenue the key surprise, up 40% due to additional extended trading hours at retail malls and new security project work.
- MIL is on track to achieve its FY24 revenue guidance of $300m to $305m.
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