2 Stocks On The Fallout – SIL And CM8

2 Stocks On The Fallout - SIL And CM8

Smiles Inclusive Limited

Smiles Inclusive Limited (ASX: SIL) operates and acquires dental practices under the Totally Smiles brand in Australia. It is based in West Burleigh and offers many general, family, and specialist dental services. The company has a market cap of AUD 16.51 million and ~ 57.93 million outstanding shares. At the close of trading on March 1st, 2019, the SIL stock crashed by 52.632%, at a market price of AUD 0.135, indicating an intra-day downfall of AUD 0.150. The company imposed a trading halt awaiting the release of an announcement to the market until the commencement of regular trading on Tuesday, March 5th, 2019.

Recently, Smiles Inclusive reported practice revenue (net of direct costs) of $ 16.1 million and a statutory net loss after tax of $ 1.59 million for the six months to December 31st, 2018 (H1 FY2019).  The underlying profit after tax was posted at $ 0.6 million. At the end of the H1 FY2019, the Company held cash reserves of $ 1.0 million and an additional $ 0.2 million on deposit. Besides, the available facilities as at December 31st, 2018 were valued at $ 19.4 million including a $ 17.6 million-acquisition facility, $ 1.6 million of ancillary facilities and a $ 0.2 million- working capital facility.

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The operating and investing activities resulted in net cash outflows of $ 4.7 million and $ 3.5 million each. However, there were net cash inflows from financing activities at $ 7.2 million taking the net cash and cash equivalents at the end of the period to $ 1.01 million. Going forward, the company intends to reduce net loss, capitalise on its scale and the Joint Venture Partner model in a disaggregated sector.

Crowd Media Holdings Limited

The Cremorne-based Crowd Media Holdings Limited (ASX: CM8) is a global media and marketing company with operations across Europe, Latin America, the Middle East & Africa, and Australia. It has two principal business segments comprising the mobile division and the digital marketing division. The company has a market cap of AUD 7 million with ~ 233.36 million outstanding shares. With the end of the market trading on ASX on March 1st, the CM8 stock closed at a sell-off price of AUD 0.021, plummeting by 30%, indicating an intra-day decline of AUD 0.009 and extremely close to the 52-week low of AUD 0.020 recorded on the same day. The stock has been mostly down since the past few months with negative return yields for three months at 28.57% and six months at 43.40%.

For the half year ended December 31st, 2018, the company reported revenues from ordinary activities, declining by 33.5% to around $ 14 million with an EBITDA loss and underlying EBITDA loss of $ 3.27 million and $1.13 million each. However, the revenue from Crowd media division was up 160% to $ 1.3 million on account of collaborating with blue-chip partners and implementation of multiple pan-European campaigns with global brands.


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