1 October we become SureStone CapitalSame team, same ABN. Our website and email addresses move to surestone.com.au.
Preparing video
Key points:
Challenges for Australian consumer brands and tech names expanding into the US Capital raising and development progress at Arafura Rare Earths (ASX:ARU) Diverging prospects among defence and space names including Electro Optic Systems (ASX:EOS) and DroneShield (ASX:DRO)
Henry Jennings from Marcus Today sets a cautious tone on Australian companies chasing US growth, pointing to Guzman y Gomez’s US retreat as, in his view, another example of the difficulty locals face offshore. Jennings highlights strong short interest and a sizeable short squeeze around the stock, and contrasts its experience with offshore efforts by Xero, Zip and Lovisa (ASX:LOV), which he regards as mixed and still evolving.
On resources, Jennings focuses on Arafura Rare Earths (ASX:ARU), stating that its latest $350 million capital raise at $0.26, backed by key shareholder Gina Rinehart, marks a pivotal step for the long‑awaited Nolans rare earths project in the Northern Territory. He considers the raising another heavy call on shareholders but plans to re‑enter around the offer price after previously selling at $0.36.
Defence and technology feature prominently. Jennings is positive on Electro Optic Systems (ASX:EOS), citing the Mars acquisition, AI‑driven counter‑drone capabilities and strong strategic investor support at $8 as reasons he expects a move back above $10. By contrast, he is more guarded on DroneShield (ASX:DRO), pointing to past governance issues, an ASIC investigation and a gap, in his view, between its total addressable market rhetoric and actual orders.
