After having a mix session, ASX was steady today with a flat close as at October 18, 2018 of 5942.4, Some of the stocks that turned out in green with significant rise in price are discussed in herein. While one is from telecommunication sector, two are from the health care sector. Let’s take a look at them.
FLEXIROAM LIMITED (ASX: FRX) – Compared to the corresponding 2018 half year, the company witnessed a solid growth in subscribers up by 64% and user base up by 170%. In the half year ended 30 September 2018, there has been a significant increase in cash receipts, rising to AUD$3.5 million up by 188%, as compared to the half year ended 30 September 2017, AUD$1.2 million. The company has a positive operating cash flow of AUD$84,000 in 2Q19. Through a private share placement in August 2018, successfully raised AUD$1.16 million. For the half year ended 30 September 2018, cash receipts totalled AUD$3.52 million, representing an increase of 188% over the previous corresponding half year mainly through improved consumer and corporate sales. The stock had a surge of 125% as at October 18, 2018, to trade at a market price of $0.063. Since last one year the stock has seen a performance change of -65.43%. [optin-monster-shortcode id=”swikrbu1d9j9aq0o4cko”]
MEMPHASYS LIMITED (ASX: MEM) – Operations in the first half of the financial year were funded with various loans. Memphasys finalised the financial year with an excess in working capital of $37,879 compared to 2017 deficiency of $2,356,669 and with net assets of $3,351,580 compared to 2017 net assets deficiency of $402,240. Cash and cash equivalents at end of the financial year was of $201,807 with no debt leaves the company in a decent balance sheet position. The Group made a net loss for the year ended 30 June 2018 of $401,159 compared to 2017 loss of $1,999,891. Memphasys’ strategy will continue to be focused on developing the Felix human IVF device, positioning it ready for market launch. The stock had a surge of 212.5% as at October 18, 2018, to trade at a market price of $0.050. Since last one 3 months the stock has seen a performance change of 6.67%.
ESENSE-LAB LTD (ASX: ESE) – The company reported revenue from continuing operations has decreased from USD $53,000 as at June 30, 2017 to USD $11,000 as at June 30, 2018. Net Loss for the period attributable to members, increased from $1,159,000 in 2017 to $1,192,000 in 2018. No dividend was declared, recommended and paid for the current year or was paid for the previous year. The cash and cash equivalents at the end of the financial year period decreased from $1,907,000 in 2017 to $951,000 in 2018. The stock had a surge of 53.846% as at October 18, 2018, to trade at a market price of $0.100. Since last one year the stock has seen a performance change of -75.00%.
FRX, MEM, ESE, Daily Price; Source: Thomson Reuters
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