Jiancheng International Group (ASX: JCI)
Jiancheng International Group (ASX: JCI) primarily operates as a one-stop workforce solution provider to the Chinese State Owned Enterprises (SOEs) working in the construction industry. For the period ending 1Q at 30 September 2018, the company posted an increase of 64% to A$27.0 million in its cash receipts compared to last quarter.
As at 30 September 2018, Work in Hand of the company amounted to A$216 million. It represents an increase of 43% on the previous corresponding period driven by the significant number of contracts secured by the company from Dubai and Indonesia during the September quarter. [optin-monster-shortcode id=”swikrbu1d9j9aq0o4cko”]
The company further announced that it is on track to achieve annual revenue growth of 22% to A$95 million for the 2018 calendar year.
Recently, JCI announced the change of company’s name. As per the release dated 11 December 2018, the name of the Company has been changed from JC International Group Limited to Jiancheng International Group Limited.
JCI last traded at $0.610 with a PE ratio of 4.180 x and a market capitalization of $39.18 million.
E3Sixty Limited (ASX: E3S)
The producer of precious metals from E-waste, E3Sixty Limited (ASX: E3S) today notified the consolidation of its securities. The company intends to consolidate its every ten shares into one that will turn its number of issued shares from 236,373,492 to 23,637,350 post-reorganization.
This change came into effect after the security holders approved the company’s reorganization plans in the meeting held on 28 November 2018. The record date for the reorganization of securities has been fixed to Thursday, 3 January 2019.
As per the company’s information, security holders are to be intimated about the change in the number of their shareholding from 4 January 2019 onwards. The last day for the entity to register securities on a post-reorganized basis has been set to 10 January 2019.
Although the trading in re-organized securities will reportedly commence on deferred settlement basis from 2 January 2019, normal trading on T+2 basis will begin on 11 January 2019.
E3Sixty’s shares currently remain suspended. E3S last traded at $0.012.
Digital Wine Ventures Limited (ASX: DW8)
Consumer discretionary company, Digital Wine Ventures recently announced the occurrence of newly initiated Business-to-Business arm first sale for 17,000 bottles. It outlines the company’s increasing effort to serve China’s $1.1 billion per annum appetite for Australian wine.
Digital Wine’s Chairman Piers Lewis stated that the company has realized it is more efficient to partner with existing Chinese retailers and sales channels, providing them a platform to access Australian wine brands.
In the same release, DW8 announced the change of company’s name from previous Dawine Limited to Digital Wine Ventures Limited. However, the company’s ASX code remains unchanged to DW8.
In the long-run, the company targets provide a one-stop-shop for Australian wine producers of all scales to access the Chinese market. For this purpose, the company intends to manage the entire cycle from when the wine leaves the cellar door to when it’s delivered to a home in China.
DW8 last traded flat at $0.007.
STEMify Limited (ASX: SF1)
STEMify Limited, a manufacturer of printing machinery and equipment, posted an EBITDA loss of circa US$750K for the quarter ended 30 September 2018. Whereas, for the second quarter ended 31 December 2018, the company forecasts an EBITDA loss of approximately US$280K, compared to the previous corresponding period’s EBITDA loss of $US800K.
Further, STEMify has gone through a transition phase under which it has transformed from a manufacturer of desktop 3D printers into an end-to-end STEM solution that includes MyStemKits, interactive 3D printer based curriculum business, and Robo 3D.
Stepping into 2019 the company confirms to be well positioned, especially for the Spring “back-to-school” season beginning Jan/Feb 2019 with a uniquely integrated STEM education solution. The company’s annual operating expenditure in the US operating subsidiaries has been reduced from US$5.2 million as at 30 June 2018 to US$1.9 million as of December 2018, per the September quarter update.
In today’s trading session, STEMify’s stock has jumped up by 42.857% or $0.003 to last trade at $0.010 on 28 December 2018. But over the past 12 months, the stock has nosedived 84.44%.
This website is a service of Kalkine Media Pty. Ltd. A.C.N. 629 651 672. The website has been prepared for informational purposes only and is not intended to be used as a complete source of information on any particular company. Kalkine Media does not in any way endorse or recommend individuals, products or services that may be discussed on this site. Our publications are NOT a solicitation or recommendation to buy, sell or hold. We are neither licensed nor qualified to provide investment advice.