National Storage REIT
Affirms Outlook for FY 19: National Storage REIT (ASX: NSR) for the FY 19 expects underlying earnings per share to be in the range of 9.6 – 9.9 cps and underlying earnings is expected to be in the range of $62.5 – $64.5 million. The company has affirmed the FY 19 forecast. Meanwhile, for the first half of FY 19, the company has reported 11% rise in the total assets under management to $1.6 billion driven by the 11-existing storage centres which was acquired by the company and the development of 2 new sites. Additionally, NSR projects to complete and open 4 new centres in FY 19. For 1H FY19 underlying earnings grew by 17.4% to $26.3 million versus 1H FY18. However, IFRS profit after tax fell by 55% to $27.1 million in 1H FY 19 versus 1H FY18 and 2.3% decline in underlying EPS to 4.2 cps. NSR stock remained flat in three months as on April 5th, 2019 and has a dividend yield of 5.4%. The company paid the interim dividend of 4.5 cents on 1 March 2019.
WAM Capital Limited
Investment portfolio grew 3.8% in February: WAM Capital Limited (ASX: WAM) investment portfolio grew 3.8% in February driven by the performance of the company Appen, which is into technology sector. Appen stock rose 46.7% in February driven by 119% rise in revenue, 153% rise in EBITDA and also due to the company’s plan to raise fund of $300 million to acquire Figure Eight Technologies. The company’s portfolio also performed on the back of investment in a2 Milk Company (stock rose 14% in February), which also reported strong performance for the first half as the revenue grew 41% & EBITDA grew 53%. Moreover, WAM has reduced its cash level to 32.7% in February from 42.4% in January and invested in 33 new companies. WAM stock has risen 2.78% in three months as on April 5th, 2019, has a dividend yield of 6.98%. It will pay a dividend of 7.75 cents on 26 April 2019.
Investment Portfolio Performance as at 28 February 2019 (source: Company Report)
WAM Research Limited
Investment portfolio grew 4% in February: WAM Research Limited (ASX: WAX) investment portfolio grew 4% in February driven by the performance of the portfolio companies. Austral (one of the portfolio company) stock rose by 11% in February, aided by strong order book growth of 54% to $5 billion and 31% rise in topline for the first half of FY 19. The company’s portfolio was also boosted on the back of investment in a2 Milk Company (stock rose 14% in February), which also reported strong performance for the first half as the revenue grew 41% & EBITDA grew 53%. Moreover, WAX has reduced its cash level to 32.9% in February from 51.3% in January and invested in 22 new companies. Meanwhile WAX stock has fallen 5.10% in three months as on April 5th, 2019, has a dividend yield of 6.88% and will pay the dividend of 4.850 cents on 26 April 2019.
Clime Capital Ltd
CAM’s total portfolio recovered significantly since 31 December 2018: Clime Capital Ltd (ASX: CAM) at the end of March has reported the total assets value of CAM’s investment portfolio of about $105.4 million, that includes the dividend amount also. During the month of March, CAM had paid quarterly interest of $0.3 million to Convertible Noteholders of the company for the timeframe of 1st December 2018 to 28th February 2019. Moreover, the company’s total portfolio grew by $6million since 31 December 2018, after the payment of dividends and operating expenses. Meanwhile CAM stock has risen 7.14% in three months as on April 5th, 2019, has a dividend yield of 5.56% and will pay the interim dividend of 1.25 cents per share fully franked on 26 April 2019. The dividend rose by 2.5% compared to the dividend declared by the company in the previous corresponding quarter on the back of the bonus issue of shares in September 2018.
NAOS Ex-50 Opportunities Company
Underperformed the Benchmark in February: NAOS Ex-50 Opportunities Company Ltd (ASX: NAC) during the month of February had underperformed the benchmark index S&P/ASX 300 Industrials Accumulation Index (XKIAI) as it rose only by 0.10% versus 5.78% rise of XKIAI. This is on back of trading positions and 15% fall in MNF Group stock, which lowered the FY19 EBITDA guidance in the range of -3.50% to -7.00%. Meanwhile NAC stock has fallen 6.11% in three months as on April 5th, 2019, has a dividend yield of 6.08% and paid the dividend of 1.35 cents on 11 March 2019.
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