9 stocks being talked about

Updates and Financials:

GALAXY RESOURCES LIMITED (ASX: GXY) – Posco and Galaxy Resource Limited have come to an agreement as per which GXY would sell a package of tenements, for cash consideration of US$280 million. The agreement would earn GXY proceeds that would be used to fund its Sal de Vida project in Argentina. The stock was trading at a market price of $0.019 and with a daily price change of -$0.003 and a percentage change of -13.636% as at August 28, 2018. The stock has however, undergone a performance change of 175.00% over the past 12 months. The P/E of the company is 6,295 which is associated to higher growth in the future.

LUCAPA DIAMOND COMPANY LIMITED (ASX: LOM) – Including 18 macro-diamonds and 1,082 micro-diamonds, recovered from drill hole LSC/DH002, exceptional results from Little Spring Creek discovery with 1,100 diamonds were observed. A 28-carat special and two light pink diamonds are the latest recoveries from current bulk sampling program in the North zone include. The stock was trading at a market price of $0.255 and with a daily price change of $0.020 and a percentage change of 8.511% as at August 28, 2018. The stock has however, undergone a performance change of -9.62% over the past 12 months. The EPS is still on a negative side -0.013 AUD which is linked to profits and dividends scenario.

NUHEARA LIMITED (ASX: NUH) – The Company uses Focused Audio and Speech Technology (FAST) technology, which allows IQbuds to control surroundings sounds for situational awareness. With 70.4 million shares equating to 7.9% of company, Farjoy becomes Nuheara’s largest shareholder. The stock was trading at a market price of $0.081 and with a daily price change of -$0.002 and a percentage change of -2.41% as at August 28, 2018. The stock has however, undergone a performance change of 22.06% over the past 12 months. The EPS is still on a negative side -0.010 AUD which is linked to profits and dividends scenario.

GULF MANGANESE CORPORATION LIMITED (ASX: GMC) – A cornerstone investment of ~A$10.8 million from Jakarta based businessman, Bapak Dato Dr Low Tuck Kwong has been secured by the company. At a placement price of A$0.015 per share for a total investment of A$10,718,962 Gulf will issue 714,597,448 ordinary GMC shares to Bapak TK Low. The stock was trading at a market price of $0.019 and with a daily price change of -$0.003 and a percentage change of -13.636% as at August 28, 2018. The stock has however, undergone a performance change of 175.00% over the past 12 months. The EPS is still on a negative side -0.002 AUD which is linked to profits and dividends scenario.

4DS MEMORY LIMITED (ASX: 4DS) – The company has 964 million shares on issue, 122 million unlisted options. As at 30 June 2018 Cash on hand totaled $2,932,232. The net assets of the Consolidated Group totaled at around $3,174,842. The stock was trading at a market price of $0.105 and with a daily price change of -$0.010 and a percentage change of -8.696% as at August 28, 2018. The stock has however, undergone a performance change of 248.48% over the past 12 months. Relatively the EPS is negative -0.004 AUD compared to the peers and reflects the earnings being affected and no dividends to be paid out.

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AUSTRALIAN VANADIUM LIMITED (ASX: AVL) – To explore providing supply of vanadium pentoxide and/or vanadium electrolyte the company has signed a Letter of Intent with SCHMID. An update on work at its Gabanintha Vanadium Project near Meekatharra in Western Australia has been provided. The stock was trading at a market price of $0.056 and with a daily price change of -$0.001 and a percentage change of -1.754% as at August 28, 2018. The stock has however, undergone a performance change of 280% over the past 12 months. Relatively the EPS is negative -0.001 AUD compared to the peers and reflects the earnings being impacted. The company has a cash and cash equivalent of around $5.168 million as at June 30, 2018.

FAR Limited (ASX: FAR) – In Blocks A2 and A5 and operatorship, FAR retains 40% equity. As at end of June 2018, totaling A$19M, FAR is set to receive cash proceeds comprising back cost reimbursements and consideration. In late 2018 targeting a prospective resource of 825mmbbls PETRONAS and FAR plan to drill the Samo-1 well. The stock was trading at a market price of $0.120 and with a flat daily price change as at August 28, 2018. The stock has however, undergone a performance change of 60.00% over the past 12 months. Relatively the EPS is negative -0.008 AUD compared to the peers which is linked to profits and dividends scenario.

BELLAMY’S AUSTRALIA LIMITED (ASX: BAL) – The baby-food maker’s revenue was said to be higher for the first half than the second half of 2018, which was driven by the winter consumption in China and Chinese New Year-driven demand. However, the Camperdown business has been slated to drag the performance with a loss of A$1-2 million now. The stock was trading at a market price of $11.130 and with a daily price change of $0.820 as at August 28, 2018. The stock has undergone a performance change of 32.69% over the past 12 months. Relatively the EPS is 0.132 AUD and a P/E of 78.110 which compared to the peers is better for the copmany’s future growth.

PILBARA MINERALS LIMITED (ASX: PLS) – The company now expects LOM average annual production of approximately 800ktpa of 6% spodumene concentrates and approximately 780,000lbs of tantalite in concentrate after stage 1 and 2 production ramp-up. The mine life for the Pilgangoora Project is 17 years and first production are planned in Q4 2019. The stock was trading at a market price of $0.860 and with a daily price change of $0.010 as at August 28, 2018. The stock has undergone a performance change of 136.11% over the past 12 months. Relatively the EPS is -0.012 AUD compared to the peers which is linked to profits and dividends scenario. The company’s cash and cash equivalent stand at $119.978 million as at June 30, 2018.

Serial NumberCompany DescriptionTickerPotential increase in EPS as indicated for next FY (market consensus)
1GALAXY RESOURCES LIMITED(ASX: GXY)      ?
2LUCAPA DIAMOND COMPANY LIMITED(ASX: LOM)       X
3NUHEARA LIMITED(ASX: NUH)       —
4GULF MANGANESE(ASX: GMC)       —
54DS MEMORY LIMITED(ASX: 4DS)       —
6AUSTRALIAN VANADIUM LIMITED(ASX: AVL)       —
7FAR LIMITED(ASX: FAR)       —
8BELLAMY’S AUSTRALIA LIMITED(ASX: BAL)       ?
9PILBARA MINERALS LIMITED(ASX: PLS)       ?

 

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The advice given by Kalkine Pty Ltd and provided on this website is general information only and it does not take into account your investment objectives, financial situation or needs. You should therefore consider whether the advice is appropriate to your investment objectives, financial situation and needs before acting upon it. You should seek advice from a financial adviser, stockbroker or other professional (including taxation and legal advice) as necessary before acting on any advice. Not all investments are appropriate for all people. Kalkinemedia.com and associated websites are published by Kalkine Pty Ltd ABN 34 154 808 312 (Australian Financial Services License Number 425376). website), employees and/or associates of Kalkine Pty Ltd do not hold positions in any of the stocks covered on the website. These stocks can change any time and readers of the reports should not consider these stocks as advice or recommendations.

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