5 Stocks Under The Spotlight – SPT, AUZ, FLC, BGS And APT
Splitit Payments Ltd
Splitit Payments Ltd (ASX: SPT) is headquartered in Tel Aviv, Israel and provides credit card-based instalment solutions to clients across more than 27 countries. Since its debut on the Australian Securities Exchange (ASX) on 29th January 2019, the SPT stock has generated a one-month positive return yield of 52.94%. To date, Splitit has a market cap of AUD 350.55 million with ~ 269.66 million outstanding shares. On March 14th, the SPT stock closed at a selling price of AUD 1.500, soaring 15.385% by AUD 0.200 and ~22.24 million shares traded.
Recently, On March 4th, the company released its reply to the ASX query regarding change in the price of SPT’s securities from a low of AUD 0.935 on March 4TH, 2019 to an intra-day high of AUD 1.95 on March 11th, 2019. As per the preliminary financial report for the financial year ended December 31st, 2019, the revenue from ordinary activities amounted to USD 789.920, improving extensively by 203% on the prior year 2017. Also, the net loss after income tax was posted at USD 3.422 million. At the end of the period, the net cash stood at USD 309,590.
Australian Mines Limited
The Brisbane-based Australian Mines Limited (ASX: AUZ) is a metals and mining sector company engaged in the exploration of gold, scandium, cobalt, nickel, copper and other base metal deposits. It also pre-develops battery metals projects. For the trading session on March 14th, the AUZ stock price closed at AUD 0.028, with no intra-day change and around 5.87 million shares traded.
On March 13th, 2019, the company announced its financial results for the six months to December 31st, 2018, posting net loss for the half-year at $ 5.561 million as compared to $ 1.539 million recorded in the prior corresponding period (pcp). Besides, the net cash and cash equivalents amounted to $ 587k, as compared to $ 16.07 million in the pcp. Recently, the company also raised around $ 5 million before costs, through a placement to sophisticated and institutional investors to enhance the working capital and also fund the Bankable Feasibility Study (BFS) of the Sconi project. Besides, the proceeds will also be used to compete resource expansion drilling at Flemington project in NSW, Australia.
Fluence Corporation Limited
The White Plains, New York-based Fluence Corporation Limited (ASX: FLC) develops and offers packaged water and wastewater treatment solutions to customers across the Middle East, North America, South America, Europe, as well as China. On March 14th, 2019, the FLC stock price closed the trading at AUD 0.395, up 9.722% by AUD 0.035 with 27.59 million shares traded.
The company recently posted its financial results for year ended December 31st, 2018, where in the revenue from ordinary activities staggeringly rose by 204.9% to USD 100.9 million. Besides, the net loss after income tax amounted to USD 81.09 million, also up 232.5% on the prior year. As of the end of the period, the net cash and cash equivalents stood at USD 39 million (FY2017: USD 75 million) and the Group’s borrowings were less than $ 1 million. On February 27th, Fluence Corporation secured a turnkey EUR 165-million landmark contract from the Ivory Coast’s Federal Government to supply a 150,000 m3 per day surface-water treatment plant.
The Subiaco, Australia-based Birimian Limited (ASX: BGS) is a mineral exploration company with a bent towards lithium and gold deposits and key operations in Mali, West Africa. To date, Birimian has a market cap of AUD 42.32 million. On March 14th, the BGS stock closed the trading at AUD 0.160 with ~ 807.6k shares traded.
Recently, on March 13th, the company provided a market update on the strategy for the Goulamina Lithium Project. The Pre-Feasibility Study (PFS) was completed in July 2018, with the environmental permit in place and the exploitation permit yet to be granted. The Definitive Feasibility Study (DFS) is underway and expected to end by Q1 2020. The project financing and offtake are simultaneously being secured. For the quarter ended December 31st, 2018, the net cash and cash equivalents amounted to AUD 5.24 million, with cash outflows from operating (AUD 1.64 million) and investing (AUD 109K) activities and cash inflows of AUD 4.66 million from financing activities.
Afterpay Touch Group Limited
The Melbourne-based Afterpay Touch Group Limited (ASX: APT) is a technology-driven payments company offering products comprising Afterpay and Touch, in New Zealand, Australia and the United States. On March 14th, the APT stock price closed the market trading at AUD 20.800, up 3.175%, depicting an intra-day gain of AUD 0.640. So far, the Group has a market cap of AUD 4.79 billion and the SPT stock has generated a high positive YTD return of 68%.
As per the half-year report for the six months to December 31st, 2018, the Group’s total income increased by 85% to $ 112.3 million from $ 60.7 million primarily driven by the sustained strong growth in the Afterpay underlying sales. Besides, the statutory loss before tax for the period was posted at $ 21.5 million, arising from share-based payments, one-off terms, first-time adoption of AASB 15 and AASB 9 as well as depreciation and amortisation.
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