News — What Will the Persian Gulf Attack Mean for Oil Prices?

Here’s why this time is different.

(Note: companies that could be impacted by the content of this article are listed at the base of the story (desktop version). This article uses third-party references to provide a bullish, bearish and balanced point of view; sources listed in the “Balanced” section)

Oil
prices jumped as much as 4% on June 13 following attacks on two tankers near
the Strait of Hormuz in the Persian Gulf. 
The source of the attack was not known. 
However, the timing and objects of the attacks (Japanese ships of
interest attacked shortly after Prime Minister Shinzo Abe had met with Iran
officials) seems to point to Iran or Iranian rebels in Yemen as the likely
source.  The incident is one in a long
history of sabotage activity in the area and threats to shut down the shipping
channel.  Previous incidents eventually
faded into memory with oil prices returning to pre-existing levels.  This time may be different.

Noble Capital Markets’ sixteenth annual investor conference

Noble Capital Markets’ plans are set for its sixteenth
annual NobleCon investor conference to be held at the
New Hard Rock, South Florida, February 2020

June 14, 2019 – Fort Lauderdale, Florida – Noble Capital Markets (Noble) announced today that its sixteenth annual investor conference (NobleCon16) featuring emerging growth public companies will be held at the Seminole Hard Rock Hotel & Casino (Hard Rock) in Hollywood, Florida, February 16-18, 2020.

The multi-sector NobleCon has become the preeminent showcase of emerging growth companies that attracts a broad cross-section of investors including institutions, family offices, Registered Investment Advisor representatives, self-directed investors, independent brokers and high-net-worth individuals. NobleCon utilizes four tracks for companies to present to investors – running simultaneously in half-hour intervals – with total representation strictly limited to 125 public companies. Qualified attending investors will be offered one-on-one opportunities in addition to the formal presentations made by the c-suite executive teams. Significant keynote addresses, provocative panel presentations led by key opinion leaders, and large-scale networking events round out the schedule. Attendance will be limited to 1,000.



The first NobleCon, close to fifteen years ago, was held at this Hard Rock. Both NobleCon and Hard Rock Hollywood have more than tripled in size over that time frame. “We were one of the first conferences to be held at the then brand new Hard Rock and this will again be true in 2020,” said Mark Pinvidic, Managing Partner at Noble. The $1.5-billion, 3.2 million-sq-ft expansion, scheduled to be completed this October, will increase the room-count from 469 to 1267, including 638 rooms (each over 500-sq-ft) in first-in-the-world, guitar-shaped tower, a new 6,500-seat Hard Rock Live, 36 new restaurants bars and lounges, expanded casino floor, resort pools covering close to 20 acres and the expansion of conference facilities by five times from what was available for NobleCon1. “Hard Rock was a fantastic host for a total of six NobleCons – one of which was opened with a keynote address by Hard Rock International CEO, Jim Allen – but we simply outgrew it. We’re excited for the 2020 reunion in this remarkable location,” said Pinvidic. The 40,000-sq-ft allocated to NobleCon will include four, 2,000-sq-ft presentation rooms featuring 8’X12’ UHD laser projection screens, over 9,000-sq-ft dedicated to one-on-one meetings, and 17,000-sq-ft for keynote addresses, receptions and networking, sponsors, and the serving of breakfasts and lunches. Hard Rock has several acres of free parking and is located about 12 minutes west of Fort Lauderdale / Hollywood International Airport.

All presenting companies featured on Channelchek

Companies invited to attend and present at NobleCon16 are selected from the over 6,000 emerging growth public companies on Channelchek. All NobleCon updates and opportunities for presenting companies, sponsors and investors to register for the conference are available on Channelchek.

NOBLE Capital Markets, Inc. (Noble) hosts NobleCon as an informational service and networking opportunity for public companies and investors. Noble does not prepare, review or edit the presentations and other information provided by each company, and does not take any responsibility for the accuracy or adequacy of any such information as the basis for any investment decision. Noble is not providing any person with any investment advice through their participation in or attendance of the Conference, nor is Noble soliciting any offers to buy or sell any security of any company.

CLICK HERE TO GET EVERYTHING YOU NEED TO KNOW ABOUT NOBLECON16!

 

Research – Aurania Resources – Lessons from Crunchy Hill

Friday, June 14, 2019

Aurania Resources Ltd. (ARU:CA)

Lessons Learned from Crunchy Hill

Aurania Resources
Ltd. is a Canada-based junior mining exploration company engaged in the
identification, evaluation, acquisition, and exploration of mineral property
interests, with a focus on precious metals and copper. Its flagship asset, The
Lost Cities-Cutucu Project, is in southeastern Ecuador in the Province of
Morona-Santiago. The company also has several minor projects in Switzerland.

Mark Reichman, Senior Research Analyst, Noble Capital Markets, Inc.

RATING: OUTPERFORM

  • Crunchy Hill reveals evidence of an epithermal system.  Based on final assay results and analysis, scout drilling at Crunchy Hill confirmed the presence of an epithermal system and intersected two zones that could contain gold at depth.  The scout drilling program provided information on where Aurania may conduct later follow-up drilling to intersect the center of the system where gold zones may be present at a greater depth than initially expected.
  • Scout drilling to commence at Yawi.  Based on lessons learned from Crunchy Hill, where the core of the system is deeper than expected, management may conduct a focused geophysical program at Yawi prior to drilling.  Three targets in…



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Research – KeyW Holding (KEYW) – Jacobs Tender Offer Completed

Thursday, June 13, 2019

KeyW Holding Corporation (KEYW)

Does First Quarter Miss Matter?

KEYW Holding is a provider of mission-critical cybersecurity, cybersuperiority, and geospatial intelligence solutions to U.S. government defense, intelligence, and national security agencies. Its solution includes collection, processing, analysis, and dissemination of intelligence information in cyberspace and geospace domains. 



Joe Gomes, Senior Research Analyst, Noble Capital Markets, Inc.

Refer to full report for price target, fundamental analysis and rating.

  • Tender Offer Complete. On Wednesday, Jacobs announced that it had completed the previously announced tender offer for the outstanding shares of KeyW at a price of $11.25 per share. An aggregate of 39,928,947 KeyW shares, representing approximately 80% of the outstanding, were tendered.
  • Short-Form Merger. Following the tender, Jacobs owns a sufficient number of KeyW shares to complete a…



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Research – DLH Holdings Corp. (DLHC) – Potential Transformative Factors

Thursday, June 13, 2019

DLH Holdings Corp. (DLHC)

How Transformative Will Social and Scientific Systems Be?

DLH Holdings Corp is a provider of technology-enabled business process outsourcing and program management solutions in the United States. The company offer services to several government agencies which include the Department of veteran affairs, Department of health and human services, Department of defense and other government agencies.    

Joe Gomes, Senior Research Analyst, Noble Capital Markets, Inc.

Refer to full report for price target, fundamental analysis and rating.

  • Acquisition. On Monday, DLH announced the acquisition of Social & Scientific Systems (SSS) for $70 million. Privately-held SSS is a nationally recognized technology-enabled health research organization that collects, manages, and analyzes large-scale health data in support of critical public initiatives.
  • Transformative.. SSS will immediately provide diversification for DLH, both on a revenue and end customer basis, and will broaden and deepen DLH’s… 


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Research – Cumulus Media (CMLS) – Debt Recovery Should Help Stock

Thursday, June 13, 2019

Cumulus Media (CMLS)

Fixing Its Debt Should Help the Stock

CUMULUS MEDIA, Inc. (NASDAQ: CMLS) is a leading audio-first media and entertainment company delivering premium content to over a quarter billion people every month  wherever and whenever they want it. CUMULUS MEDIA engages listeners with high-quality local programming through 428 owned-and-operated stations across 87 markets; delivers nationally-syndicated sports, news, talk, and entertainment programming from iconic brands including the NFL, the NCAA, the Masters, the Olympics, the GRAMMYS, the American Country Music Awards, and many other world-class partners across nearly 8,000 affiliated stations through Westwood One, the largest audio network in America; and inspires listeners through its rapidly growing network of original podcasts that are smart, entertaining and thought-provoking. CUMULUS MEDIA provides advertisers with local impact and national reach through on-air, digital, mobile, and voice-activated media solutions, as well as access to integrated digital marketing services, powerful influencers, and live event experiences. CUMULUS MEDIA is the only audio media company to provide marketers with local and national advertising performance guarantees.


 

Michael Kupinski, DOR, Senior Research Analyst, Noble Capital Markets, Inc.

Refer to full report for price target, fundamental analysis and rating. 

  • Favorable debt refi. The company announced that it upsized its Notes offering and received a more favorable interest rate than originally expected. The company increased the Notes offering from $300 million to $500 million.
  • Attractive fixed rate, long maturity. The interest rate on the Notes is fixed at 6.75%, a decrease from the current floating rate of roughly… 


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making any investment decision.
 

Research – Townsquare Media (TSQ) – Why is the stock below its peers?

Tuesday, June 11, 2019

Townsquare Media (TSQ)

Why is the stock below its peers?

Townsquare Media Inc is an entertainment and media company offering digital marketing solutions in the United States and Canada. It owns and operates radio stations, social media properties focusing the small and mid-cap companies. Services offered to the clients include live events, local advertising, digital advertising, e-commerce offerings, few others. 

Michael Kupinski, DOR, Senior Research Analyst, Noble Capital Markets, Inc.

Refer to full report for price target, fundamental analysis and rating.

  • Meeting Highlights. This report provides notes from a non-deal road show in the Midwest with Bill Wilson, CEO, Stuart Rosenstein, CFO, and Erik Hellum, COO of Local Media. Meeting highlights include 1) favorable current fundamentals and above average growth outlook, 2) its shift toward a digital media company, and 3) a large disparity of its stock valuation relative to its peers.  
  • Leading the industry. The company’s Digital Media businesses account for roughly 35% of total company revenues and is well on its way to be 50% of its… 


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Research – electroCore (ECOR) – ECOR Braves Choppy Waters

Tuesday, June 11, 2019

electroCore (ECOR)

Choppy Waters for electroCore

electrocore Inc is a commercial-stage bioelectronic medicine company with a platform for non-invasive vagus nerve stimulation therapy initially focused on neurology and rheumatology. Its product gammaCore is FDA-cleared for the acute treatment of pain associated with migraine and episodic cluster headache in adults.

 

Ahu Demir, Ph.D., Biotechnology Research Analyst, Noble Capital Markets, Inc.

Refer to full report for price target, fundamental analysis and rating.

  • CEO Frank Amato Departs. Yesterday, electroCore announced another departure from the leadership team since the annual shareholder meeting held on June 7, 2019. Frank R. Amato is leaving the company after serving as a Chief Executive Officer since 2016. He will continue to serve as the CEO and board member until a new CEO is recruited. This position is expected to be filled before September 30, 2019.
  • Restructuring Continues.We expect the company to pursue additional steps to reshape the leadership team following two departures within the past week. Besides Frank’s departure… 


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NobleCon16

BACK TO THE ROCK. NobleCon16

Noble Capital Markets’ sixteenth annual emerging growth investor conference.
Seminole Hard Rock Hotel & Casino. Hollywood Florida. February 16-18, 2020.

Be among the first to experience the new flagship Hard Rock. The $1.5 billion triple-its-size expansion will be ready and open this winter. The host hotel of Super Bowl LIV (and, by-the-way, the game is played at Hard Rock Stadium). The NFL 100th anniversary party. And NobleCon16. Spanning 200-plus acres, the new luxury Hard Rock Hollywood will offer 1267 rooms including 638 in the first-of-its-kind Guitar Tower reaching 450 feet into the sky; 36 restaurants, bars and lounges; 6,500-seat all-new Hard Rock Live world-class entertainment venue, 42,000 square foot Oasis Spa; 200,000 square feet of gaming, and; multiple resort pools covering close to 20 acres (one of which is the size of three football fields). And where is this new icon of the South Florida skyline? Less than 15 minutes from Fort Lauderdale / Hollywood International Airport. Uber: about 10 bucks.




It’s big but you won’t have a problem finding us – we’re taking over 40,000 square feet of the new-construction state-of-the art conference facility. Hard Rock hosted our first NobleCon fifteen years ago. NobleCon six though nine as well. Their 2020 vision, once again, aligns perfectly with ours. This is the place to work hard and play hard. NobleCon16. The ultimate adventure in capitalism.

Comtech (CMTL) – Can the Current Upswing be Maintained?

Friday, June 7, 2019

Comtech Telecommunications (CMTL)

Will a Strong FY2019 Translate into an Even Better FY2020?

Comtech Telecommunications Corp. engages in the design, development, production, and marketing of products, systems, and services for advanced communications solutions in the United States and internationally. It operates in three segments: Telecommunications Transmission, Mobile Data Communications, and RF Microwave Amplifiers. 

Joe Gomes, Senior Research Analyst, Noble Capital Markets, Inc.

Refer to full report for price target, fundamental analysis and rating.

Solid Quarter, Stock Reacts Positively. Comtech reported strong 3Q19 results, as we highlighted in our June 5, 2019 report. Unlike following the 2Q release, CMTL shares reacted positively to the 3Q news, rising as much as 21% yesterday before closing up nearly 17%.

Strength Across the Board.Comtech is seeing positive business momentum nearly across the board…


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News – A Chimera Becomes a Novel Cancer Treatment (Part 1)

CAR-T and the Possibility of Cancer Treatment, Part 1

style=”margin: 0in 0in 0.0001pt; font-size: 12pt; font-family: Calibri, sans-serif;”>click her for part two of this article series

(Note: companies that could be impacted by the content of this article are listed at the base of the story (desktop version). This article uses third-party references to provide a bullish, bearish and balanced point of view; sources listed in the “Balanced” section)

Chimeric Antigen
Receptor T cell therapy (CAR-T) is a gene therapy designed to harness the
potency of antibodies and T-lymphocytes into one single medicine for the
treatment of cancer. CAR-T therapy could be viewed as a “living anti-cancer
drug” as the medicine itself consists of a living cell, which is genetically
engineered to find and destroy cancer cells. Dr. Carl H. June pioneered this
technology at the University of Pennsylvania, where the first tests were
conducted in cancer patients in 2010. Seven years later, the U.S. Food &
Drug Administration (FDA) approved this novel gene therapy for the treatment of
patients suffering from “B-cell precursor acute lymphoblastic leukemia” (ALL),
a type of blood cancer known to be the most common malignant growth in
children.

Thus far, anti-cancer
antibodies have been one of the most successful drug classes for the treatment
of cancer patients. Antibody drugs such as Roche’s Avastin, Herceptin and Rituxan have prolonged survival of many
cancer patients. Another class of medicines, known as T-infiltrating
lymphocytes (TILs), has been shown to be effective as an anti-cancer treatment.
Given the relative success of both therapeutic strategies, the question is, how
do you combine both treatments into one potent anti-cancer drug?

CAR-T represents
the solution to this riddle. CAR-T consists of two main components: 1) the
tumor associated antigen (TAA) domain of an anti-cancer antibody (scFV) linked through
a spacer/transmembrane region to 2) the cytoplasmic domain of the receptor of a
cancer-killing T lymphocyte. The new anti-cancer drug, CAR-T, is a genetically
engineered T-lymphocyte expressing a chimeric T cell receptor on its surface
(Figure 1). This chimera consists of the binding domain of the antibody
(external domain protruding from the cell surface), fused to the signaling portion
CD3 of the T cell receptor (internal domain facing the cellular cytoplasm).

Figure 1 – Structure of a CAR-T construct. The left panel depicts a
CAR-T medicine (first generation), whereas the right panel depicts the natural
T cell receptor, TCR. In the CAR-T construct (left panel), the binding domain
(light blue/purple) of an anti-cancer antibody (scFV) replaces the alpha/beta
chain portion (green/red) of the natural TCR (right panel). The transmembrane
and cytoplasmic components of CAR-T and TCR, including CD3 domain, are depicted
in blue.

 

Source – Oncotarget 2015,
8(52)90521-90531 ?

To generate a
CAR-T drug, five main steps are required (Figure 2):

  1. blood from the patient is extracted
  2. T-lymphocytes are purified from extracted
    blood, and subsequently genetically modified to express the CAR chimeric
    receptor
  3. CAR-T cells are grown in vitro (ex vivo)
  4. Once CAR-T cells are grown to reach a
    therapeutic dose, they are injected back into the patient
  5. Injected CAR-T cells are engineered to find
    and kill cancer cells

Source – The University of Texas
Southwestern Medical Center

Research – Comtech (CMTL) – Q3 Delivers Record Backlog

Thursday, June 6, 2019

Comtech Telecommunications (CMTL)

Can Comtech Continue the Positive Momentum?

Comtech Telecommunications Corp. engages in the design, development, production, and marketing of products, systems, and services for advanced communications solutions in the United States and internationally. It operates in three segments: Telecommunications Transmission, Mobile Data Communications, and RF Microwave Amplifiers. 

Joe Gomes, Senior Research Analyst, Noble Capital Markets, Inc.

Refer to full report for price target, fundamental analysis and rating.

Strong 3Q19 Results. Comtech reported revenue of $170.4 million, adjusted EBITDA of $24 million, GAAP EPS of $0.31, and non-GAAP EPS of $0.42. We were at $163 million, $20.3 million, and $0.21, respectively. Results exceeded management’s expectations. Significantly, business momentum remains positive and the pipeline of opportunities is strong.

Record Backlog.Comtech ended the third quarter with record backlog of $747.1 million. Comtech’s 3Q book-to-bill was 1.94, reflecting strength in…


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