Three Stocks On The Rise – EHL, BIN And SVW

Three Stocks On The Rise - EHL, BIN And SVW

Emeco Holdings Limited

The Perth, Australia-based Emeco Holdings Limited (ASX: EHL) is engaged in the provision of heavy earthmoving equipment rental solutions and maintenance services to mining companies and contractors in Australia. Excavators, dozers, loaders, trucks and graders constitute the company’s rental fleet.

Emeco has a market capitalisation of AUD 688.44 million with approximately 323.21 million outstanding shares. With the end of the trading session on February 20th, the EHL stock last traded at a market price of AUD 2.420, up 13.615%, indicating an intra-day gain of AUD 0.290.  Around 5.33 million volume of shares were traded in total. The stock performance for the year-to-date exhibits an uptrend with a positive return of yield of 5.97% so far. [optin-monster-shortcode id=”swikrbu1d9j9aq0o4cko”]

Recently, the company announced the purchase of assets, comprising a range of fleet comprising trucks, dozers, graders and loaders from multiple countries, at a purchase price of approximately $ 67 million with some possible additional cost. During the half year ended December 31st, 2018, the company along with its controlled entities reported a net profit after tax of around $11.97 million with total revenues of about $224.26 million.

Bingo Industries Limited

Bingo Industries Limited (ASX: BIN) is based out of Auburn and operates as a waste management solutions company, together with its subsidiaries, serving clients across domestic and commercial businesses in Australia. Its three principal business segments comprise collections, post collections, and others.

Bingo has a market capitalisation of AUD 707.6 million with approximately 582.39 million outstanding shares. At the close of the trading on February 20th, the BIN stock last traded at a market price of AUD 1.365, up 12.346%, indicating an intra-day gain of AUD 0.150. Around 16.61 million volume of shares were traded in total. Although, the stock performance has been on a downtrend since February 13th with a negative 5-day return yield of 44.52% and also a negative YTD return of 33.42%.

The sudden surge in stock price follows the company’s recent announcement about a market update highlighting that Bingo’s post collections and Toro Business units have performed well and in line with the expectations put out for the first half of FY2019. It has also released a business outlook for the year ahead stating expectations for the underlying EBITDA, for the full-year ending June 30th, 2019, to be in line with the previous year.  At the end of FY2018, the company achieved net revenues of $ 303.8 million, primarily from a combination of compelling organic growth as well as strategic acquisitions, indicating a year-on-year rise of 44.5%.

Seven Group Holdings Limited  

Seven Group Holdings Limited (ASX: SVW), based out of Pyrmont, Australia, is a diversified operating and investment company. Its key business segments include WesTrac Australia, WesTrac China, AllightSykesa, Coates Hire, Media investments, Energy, and other investments.

With a market capitalisation of AUD 5.75 billion, Seven Group has approximately 339.36 million outstanding shares. With the close of the market on February 20th, the SVW stock last traded at a market price of AUD 19.020, up 12.212%, indicating an intra-day gain of AUD 2.070. Around 2.04 million volume of shares were traded in total. The stock has generated a YTD return of 23.09% so far.

As per the Half-Year financial report for the period ended December 31st, 2018, the Group EBIT increased by 68 % to $ 375 million fundamentally driven by revenue growth across all business segments and improves margins depicting operating leverage and cost discipline. The trading revenue also rose to $ 2 billion by 45% while the net profit attributable to associates increased by 56%.


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