5 Stocks That The Market Players Seem To Be Punting On – CTD, BIN, TLS, QBE And WES

5 Stocks That The Market Players Seem To Be Punting On - CTD, BIN, TLS, QBE And WES

Corporate Travel Management Ltd (ASX: CTD)

Corporate Travel Management Ltd (ASX: CTD) belongs to a Consumer Services group of industries. The company offers advanced and profitable travel management services to the corporate market.

Recently, the company released its FY19 half-year results, where the underlying EBITDA was up circa 21% to $64.6 million (comprised of $1.3 million FX, upside to forecasted FX assumptions). During the period, the company experienced solid organic growth, and record client wins underpinned the EBITDA performance.

For the half-year, the company declared a fully-franked dividend of 18.0 cents to be paid by 12 April 2019. Also, during the quarter, CTD acquired Lotus Travel (Greater China) in October 2018. The company anticipates Lotus Travel to contribute around AUD 4.0 million for FY19.

The stock of the company is trading at A$25.740 (as on 7 March 2019), down by 2.055% from its previous close. CTD has a market capitalization of approximately A$2.85 billion, with 108.49 million shares outstanding. In the last 3 months, the stock gave a return of 15.47%. However, in the last 6 months, it gave a negative return of 16.91% (as on 6 March 2019).

Bingo Industries Limited (ASX: BIN)

Bingo Industries Limited (ASX: BIN) belongs to the Commercial & Professional Services group of industries. It is a recycling, and waste management company, dispensing solutions over the whole waste management supply chain comprising of the collection, processing, separation, recycling etc.

Recently, the company notified, about the change of interests for one of its directors’ Mr Barry Buffier. The director now owns 50,000 Ordinary shares as compared to previously held 30,000 ordinary shares, by acquiring 20,000 shares on 28 February 2019.

BIN further announced, about the change of interests for its another director, Mr Michael Coleman. The director now owns 187,272 Ordinary shares as compared to previously held 159,772 Ordinary shares, by acquiring 27,500 Ordinary shares on 28 February 2019.

In its 28th February 2019 update, the company informed the market that, it had obtained a green light from Australian Competition and Consumer Commission, on its proposed procurement of Dial A Dump Industries, post accepting a court-enforceable undertaking from BIN to divest its recycling facility in Banksmeadow, NSW.

The stock of the company is currently trading at A$1.650 (as on 7 March 2019), down by 2.655% from its previous close. BIN has a market capitalization of approximately A$987.15 million, with 582.39 million shares outstanding. In the last one month, the stock gave a negative return of 22.60%, and during the YTD, it gave a negative return of 7.12% (as on 6 March 2019).

Telstra Corporation Limited (ASX: TLS)

Telstra Corporation Limited (ASX: TLS) belongs to Communication Services group of industries. It is the leading telecommunications and information services (including mobiles, internet and pay television) company in Australia.

Recently, the company notified, about the change of interests for one of its directors’ Dr Nora Scheinkestel. The director now owns 16,103 Direct Ordinary and 104,307 Indirect Ordinary shares as compared to previously held 8,228 Direct Ordinary and 104,307 Indirect Ordinary shares on 4 March 2019.

The company released its half-year financial results, ended 31 December 2018. The total income on a reported basis stood at $13.8 billion, down by 4.1%. The EBITDA on a reported basis stood at $4.3 billion, down by 16.4%, and NPAT stood at $1.2 billion, down by 27.4%. During 1H19, TLS made an addition of 239,000 retail post-paid mobile services.

The stock of the company is currently trading at A$3.230 (as on 7 March 2019), up by 1.572% from its previous close. TLS has a market capitalization of approximately A$37.58 billion, with 11.89 billion shares outstanding. Its stocks had performed consistently well in the last few months, as reflected through a positive return of 5.60% in the last 6 months and 15.90% in YTD (as on 6 March 2019).

QBE Insurance Group Ltd (ASX: QBE)

QBE Insurance Group Ltd (ASX: QBE) belongs to the Insurance group of industries. The company is engaged in underwriting general and reinsurance risks, investment management and management of the economic entity’s share of the NSW and Victorian workers’ compensation scheme.

Recently, the company invited holders of its outstanding Fixed Rate Senior Notes due 2022 (ISIN XS1589873097) (Notes) to tender for purchase by QBE for cash any and all their Notes (the Tender Offer). QBE was also organizing a meeting of holders to approve amendments to the Notes to permit QBE to redeem all (but not some) of the Notes not purchased in the Tender Offer before their scheduled maturity (the Consent Solicitation and together with the Tender Offer, the Invitation).

The invitation was subject to the ‘Offer and Distribution Restrictions’ narrated in the tender offer and consent solicitation memorandum, dated 25 February 2019. The aim of the Invitation was to obtain all outstanding Notes.

The stock of the company is currently trading at A$12.570 (as on 7 March 2019), closed flat as compared to its previous close. QBE has a market capitalization of approximately A$16.70 billion, with 1.33 billion shares outstanding. Its stocks had performed consistently well in the last few months, as reflected through a positive return of 14.48% in the last 6 months and 27.61% in YTD (as on 6 March 2019)

Wesfarmers Limited (ASX: WES)

Wesfarmers Limited (ASX: WES) belongs to Retailing group of industries. The company has varied business operations which extends over supermarkets, apparel and general merchandise, office supplies, home improvement etc. The company has an industrial division with businesses in chemicals, energy etc. as well.

Recently, the company had released its half-year results, ending 31 December 2018. The group’s revenue stood at $14,388 million for 1HFY19 vs. $13,814 million. Reporting a growth of 4.2%. The net profit after tax stood at $1,080 million for 1HFY19 vs. $678 million. Reporting a growth of 59.3% (Results from continuing operations). During the period, the company witnessed a fruitful demerger of Coles which took place in November last year.

The stock of the company is currently trading at A$34.460 (as on 7 March 2019), up by 0.967% from its previous close. WES has a market capitalization of approximately A$38.7 billion, with 1.13 billion shares outstanding. Its stocks had performed well in the last few months, as reflected through a positive return of 10.71% in the last 3 months and 11.34% in YTD (as on 6 March 2019).


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