3 Stocks up on ASX Ledger – ASL, S32, BAL

With decent YTD returns delivered for 2019, the following three stocks caught investors’ attention as we take a closer look at all of them.

Ausdrill Limited

Ausdrill Limited (ASX: ASL), established in 1987, is a global mining services company with subsidiaries located in Africa and Australia and operations across India, Africa, Australia and the United Kingdom. Its services include exploration, manufacturing of drill rigs, mine development, surface mining, as well as underground mining.

The company has a market capitalisation of AUD 972.33 million and ~684.74 million outstanding shares on the Australia Securities Exchange (ASX). With the closing of the trading session on February 7th, ASL is trading at AUD 1.505, up 5.986% indicating an intra-day gain of AUD 0.085 compared to the previous day’s closing price of AUD 1.420. Around 4.99 million shares traded in total.

Despite having generated a negative return of 18.09% over the last six months, the stock has generated a high positive YTD of 25.66%.  

On February 7th, Ausdrill bagged a three-and-a-half-year AUD 100-million underground mining services contract at the Rampura Agucha Mine in India from Hindustan Zinc Limited (HZL) through Barminco, its latest joint-venture partner as per the AUD 271.5 million deal signed in November 2018.

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Besides, the onset of 2019 was quite eventful for the company. In late January 2019, Golden Rim Resources Limited (ASX: GMR) increased its stake in ASL from 9.2% to 10.6%. Regis Resources Ltd also awarded an underground mining services contract to ASL for the Rosemont Underground operation in Western Australia. By January end, the company reported mining services contracts totalling AUD 171 million in its basket, demonstrating solid progress.

South32 Limited

South32 Limited (ASX: S32) is a Perth, Australia-based diversified mining and metals company listed across three continents with operations in North America, Africa, South America and Australia. It mainly produces aluminium, bauxite, alumina, energy and metallurgical coal, manganese, nickel, silver, lead and zinc.

On the ASX, the company is listed with a massive market capitalisation of AUD 17.83 billion. With the close of the trading session on February 7th, the stock was trading at a market price of AUD 3.700, up 4.816% indicating an intra-day gain of AUD 0.170. Around 31.5 million volume of shares were traded. The stock has a 1-year high of AUD 4.230.

Over past six months, the stock performance has been positive at 1.44% on an average. Besides, S32 has generated a YTD return of 7.95%.

As per the Quarterly Report December 2018, the company posted net distributions receipts of USD 262 million from their manganese equity accounted investments (EAI) during the half year ended December 2018 as achieved prices continued to reflect the respective ore indices. Also, South32 paid out final dividends totalling USD 316 million in respect of FY18 in October 2018 and purchased further 68 million shares for a cash consideration of USD 167 million during the half year ended December 2018.

 Bellamy’s Australia Limited

The Launceston-based Bellamy’s Australia Limited (ASX: BAL) is a producer and distributor of organic food and formula products for babies, toddlers, and young children. The company sells products to retailers and other resellers in Australia; and distributors and customers internationally. The three principal business segments include Overseas Sales, Australia and Australia Manufacturing.

On the ASX, the company has a market capitalisation of AUD 1.03 billion with ~113.37 million outstanding shares. With the close of the trading session on February 7th, the shares of the company were trading at a market price of AUD 9.350, up 2.974% indicating a day-on-day gain of AUD 0.270. Around 2.72 million shares were traded.

BAL has generated a YTD return of 19.63%. Prior to that, the stock was mostly down delivering a negative performance of 18.35% in the past six months.


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