Some stocks have the ability to move the market either upwards or downwards, with the stock market inching towards a six-month low closing 62 points lower at 5,843 some of the stocks which showed significant movements are discussed herein.
RESONANCE HEALTH LIMITED (ASX: RHT) – Compared to a net loss of $304,217 in the previous financial year, the financial results for the year are underlined by a net profit of $224,619. Marketing activities delivered positive growth in the routine use of FerriScan. The revenue for the year was $2,896,395, up from the previous financial year’s total of $2,485,332, an increase of 17%. Receipts from customers increased to $2,652,132, a 16% increase from the previous year. Also, R&D tax incentive of $451,904 was secured. Resonance Health had a cash at bank figure of $1,549,088 at the end of the financial year, compared to $1,685,375 in the previous year, the company has no debt. The stock surged by 24.138% as at October 23, 2018, to trade at a market price of $0.036. In the last one year the stock has seen a performance change of 45.00% and an overall performance of positive 193.31%.
ESENSE-LAB LTD (ASX: ESE) – For the supply of terpenes to United Kingdom based, E-Quits Group, the company has announced the continuation of its commercialization activities by finalizing negotiations and singing of a commercial supply agreement. As at June 30, 2018, the company posted revenue from continuing operations of USD $11,000 compared to USD $53,000 as at June 30, 2017. Also, for the period attributable to members, net Loss increased to $1,192,000 in 2018 from $1,159,000 in 2017. At the end of the June 30, 2018 the cash and cash equivalents decreased from $1,907,000 in 2017 to $951,000 in 2018. The Directors commented upon the results and stated when and if dividends will be paid, it will depend on the future profitability and cash requirements of the company in the future. The stock surged by 19.048% as at October 23, 2018, to trade at a market price of $0.075. In the last one year the stock has seen a performance change of -75.29%.
PEGASUS METALS LIMITED (ASX: PUN) – To raise A$0.6 million before costs associated with the issue, a placement to sophisticated investors of 20,000,000 shares at 3 cents per share. The operating loss after income tax of the group for the year ending June 30, 2018 was lower at $294,916 compared to the loss of $452,190 and hence the directors decided to declare no dividends will be paid or recommended during the year. The cash and cash equivalents at the end of the year is $28,464 with zero or no debt as at June 30, 2018. The net assets as at June 30, 2018 were of $410,609 as compared to the previous year net assets of $80,024. The stock surged by 35.714% as at October 23, 2018, to trade at a market price of $0.019 close to its 52-week low. In the last one year the stock has seen a performance change of -53.33%.
URBANISE.COM LIMITED (ASX: UBN) – The financial results for the twelve months ending June 2018 reflect strong revenue growth, the group delivered revenues and other income of $6.5 million. The sales revenue increased by 17% and sales revenue and other income increased by 29%. A write down of the carrying value of assets to properly represent the position of the business. The reported net loss after tax of $27.6 million was driven by reversal of the revenue for the ROL recognized in the 2016, cost incurred due to the restructure in Q4 and underperformance of reseller and partner networks. At 30 June 2018, Urbanise had a net cash position of $3.1 million, with no external debt or borrowings. The stock declined by 23.333% as at October 23, 2018, to trade at a market price of $0.023, at its 52-week low. In the last one year the stock has seen a performance change of -27.06%.
LINCOLN MINERALS LIMITED (ASX: LML) – The company expects chemical fingerprinting shortly for Kookaburra Gully graphite concentrates, as at 30 September 2018 available funds of $2.5 million are with the company as cash at bank with no debt facility. Market forecasts point to doubling of global flake graphite demand by 2025, Lincoln Minerals has a strategic tenement holding in Australia’s graphite province. However, the group made a loss after tax of $1,241,309 as compared to a similar loss in 2017 of $1,387,440 and no dividends were paid, and the directors have not recommended the payment of a dividend just like in 2017. The stock declined by 20% as at October 23, 2018, to trade at a market price of $0.008, at its 52-week low. In the last one year the stock has seen a performance change of -77.27%.
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