Penny stocks are micro-cap stocks which can be found trading at less than a $1 price on the stock exchange, the markets are full of bad bets in the name of small companies. To pick the right company among these penny stocks it becomes very crucial to choose the best one and to know what you are planning to do before picking. Like the old saying, if at first you don’t succeed, try and try again. Here are few penny stocks under the lens discussed in the article.
WALKABOUT RESOURCES LIMITED (ASX: WKT) – The group incurred a net loss after income tax benefit of $1,965,876 for the half year ended 30 June 2018 against $1,421,369 in 1HFY17. The group had cash and cash equivalent of $6.4 million in first half of the year with zero or no debt facility. The net assets of the group were $15.323 million as at June 30, 2018 as compared to $4.4 million in 2017. However, there were no dividends paid or recommended throughout the period. The revenue grew from $3,820 in 2017 to $35,236 in 2018 which is a significant amount. As at October 5, 2018 the stock of Walkabout Resources’ Limited traded at a market price of $0.125 and has seen a performance change of -72.62% over the last twelve months period.
KING RIVER COPPER LIMITED (ASX: KRC) – The revenue for the group increased marginally from $453 to $931, while the group incurred a net loss after income tax of $871,803 for the half year ended June 30, 2018 against $422,966 in 2017. Net cash inflow stood at $3,903,623 in 1H FY18 from $242,144 in 1H FY17. On balance sheet side, the group had cash and cash equivalent of $4.62 million in first half of the year compared to $715,516 in the same period previous year with the working capital surplus of $756,727. Based on that, the group might require more capital in next 12 months to meet its day to day obligations. As at October 5, 2018 the stock of King River traded at a market price of $0.053 and has seen a performance change of 742.86% over the last twelve months period.
AUSTRALIAN MINES LIMITED (ASX: AUZ) – The company has lately signed an investment agreement of about $12 million with a New York-based fund, managed by Bergen Asset Management, LLC. With a 24-month maturity the investments will be made through an unsecured interest-free convertible security. The cash and cash equivalents have increased to $8,984,625 in financial year ending June 30, 2018 from $4,638,766 in 2017 making the company more liquid. The company made a consolidated loss for the year was of $5,322,775 because of which during the year no dividends were declared or paid by the company. As at October 5, 2018 the stock of Australian mines traded at a market price of $0.044 and has seen a performance change of 158.82% over the last twelve months period.
EPS for WKT, KRC, AUZ, Source: Thomson Reuters
The Income available from dividends remains attractive for many investors.
We take a look at the best yields on the market and assess what they say about a company’s prospect.
One Thing is certain, though, Australia interest rates are still low, making income difficult to come by and keeping the focus for many investors on high yielding stocks. Kalkine’s team of analysts bought you handpicked report for “Top 25 Dividend Stocks For 2018.”
ASX-relevant Special Reports are published year-round to provide a detailed analysis into an investing opportunity or a potential risk to your portfolio.
Click here to get your free report.
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.