3 Stocks up on ASX 200 Index – MIN, ALG And ORI


Mineral Resources Limited (ASX: MIN) – The company’s EBITDA guidance is between A$280 million to $320 million for FY 2019. The company is focused on safety, and it is fundamental to its future success. The company reported decent financial performance with a return on invested capital of 18.3% with increasing net assets of $1.30 billion which is up by 15%. The diluted earnings per share are up by 35% which is 145.3 cps following which the dividend declared was at 65 cps up by 20% on the corresponding previous period. It has a decent P/E of 9.840 and EPS of 1.453 AUD among the peer group. The stock price surged up by 10.559% or $1.150 and traded at $15.810. The company has witnessed a return of 5.85% in the last one-month period.  [optin-monster-shortcode id=”swikrbu1d9j9aq0o4cko”]

Ardent Leisure Group (ASX: ALG) – The comprehensive loss of the company for the financial period, after providing for income tax amounted to $294,781 in 2010 as compared to 2009 loss of $238,174. The company currently has $1,521,666 in cash assets with which the directors believed that it puts the company in a sound financial position with enough capital to effectively explore its tenements and pursue other resource-based opportunities. The cash and cash equivalents were of $1,521,666 as at 2010 and no debt representing decent balance sheet. After 2010 no results have been announced. The stock price surged up by 2.632% or $0.040 and traded at $1.560. The company has witnessed a return of 5.56% in the last one-week period.

Orica Ltd (ASX: ORI) – To offset challenges experienced in the first half, resulting in a decline in earnings despite a strong improvement in earnings in the second half of 2018, the revenue growth was not enough. The company’s NPAT was a loss of $48 million which includes individually significant items of $372 million. Indicative of the company’s underlying health and trajectory, the Board believes is the improved performance in the second half of the year. Net Profit After Tax was $324 million, down 16% on the corresponding prior period. The stock price surged up by 3.479% or $0.580 and traded at $17.250. The company has witnessed a return of -1.19% in the last one-week period.


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6 Cannabis Stocks under Investor’s Limelight…

Cannabis companies that sell both medicinal weed and recreational pot. Marijuana stocks to look at. Marijuana mergers and acquisitions. Dispensary data analytics. Upcoming marijuana IPO’s Those phrases have become increasingly common as marijuana legalization spreads.

Global spending on legal cannabis is expected to grow 230% to $32 billion in 2020 as compared to $9.5 in 2017, according to Arcview Market Research and BDS Analytics. As of June 29, 2018 the United States Marijuana Index, despite a lot of uncertainty around regulations, has over the past 1 year gained 71.49%, as compared to about 12% gain seen by the S&P 500.

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