Emerge Gaming Limited
The Subiaco, Australia-based Emerge Gaming Limited (ASX: EM1) is a leading eSports and casual gaming tournament company that primarily operates the online gaming platform and lifestyle hub ‘Arcade X’. On March 26th, 2019, the securities of the company have been placed on a trading halt, which is expected to last until EM1 releases an important announcement to the market or until the earlier of the commencement of normal trading on Thursday, March 28th, 2019. [optin-monster-shortcode id=”swikrbu1d9j9aq0o4cko”]
The EM1 stock last traded on the ASX at a price of AUD 0.034 on March 25th, 2019. Over the past few months, the EM1 stock has generated stellar return yields of 466.67% for the last three months and 209.09% for the last six months for the investors. The stock’s YTD return also stands high and positive at 385.71%.
Emerge Gaming has been in the limelight quite often due to various new collaborations undertaken with the much-popularised launch of ArcadeX in Australia and other tier 1 countries. Besides, the company has also begun preparations for the pilot roll-out of Cloudzen Pte Ltd.’s GameCloud technology in 2019 and has been working to identify the crucial regions to target for the same.
Pilbara Minerals Limited
The West Perth-based Pilbara Minerals Limited (ASX: PLS) is a mining and exploration company specialising in the extraction and development of lithium and tantalum. To date, the company has a market valuation of ~ AUD 1.18 billion. On March 26th, 2019, the PLS stock closed the market trading at a price of AUD 0.690, up 2.22% by AUD 0.015.
On the same day, Pilbara Minerals reported exceptional results derived from a Scoping Study considering the Stage 3 expansion at the Pilgangoora Lithium-Tantalum Project. These include excellent project economics with post-tax NPV of AUD 3.73 billion and project revenue of AUD 16.6 billion with an EBITDA of AUD 10.3 billion. In addition, the project has a processing capacity of 7.5Mtpa to deliver average annual production of approximately 1.2Mtpa of SC6.0 spodumene concentrate and approximately 1.1Mlbspa of 30% tantalite concentrate over a mine life of 15 years.
The company also informed that the recent tropical cyclone Veronica had no severe impact on its Pilgangoora operations. For the half-year ended December 31st, 2018, Pilbara Minerals recorded a consolidated loss after tax of ~ $ 11.9 million. At the end of the period, the net cash and cash equivalents stood at around $ 70.26 million.
Eclipx Group Limited
Financial Player, Eclipx Group Limited (ASX: ECX), headquartered in Sydney, is a leading provider of fleet, equipment leasing and management, vehicle rentals and other online auction services to clients across Australia and New Zealand. The Group’s current market valuation stands at AUD 207.76 million. On March 26th, 2019, the ECX stock closed the market trading session at the selling price of AUD 0.570, nosediving 12.308%, by AUD 0.080 with ~ 32.91 million shares traded.
On March 20th, Eclipx announced a trading update, merger update and the Company’s transformation and cost reduction plan for the first five months of FY19. The company reported a softening in the financial performance due to factors like underperformance of Grays Industrial and Insolvency, reduced end-of-lease earnings and lower new business writings in Fleet, an increased fleet receivable provisioning of $0.4m taken in February under the new AASB 9 standard amongst others. This resulted in a decline in NPATA by 42.4%.
As of February 28th, 2019, the total group Assets under management or financed (AUMOF) stood at ~ $ 2.46 billion, up 5.85% on the position as of February 2018.
This website is a service of Kalkine Media Pty. Ltd. A.C.N. 629 651 672. The website has been prepared for informational purposes only and is not intended to be used as a complete source of information on any particular company. Kalkine Media does not in any way endorse or recommend individuals, products or services that may be discussed on this site. Our publications are NOT a solicitation or recommendation to buy, sell or hold. We are neither licensed nor qualified to provide investment advice.