Mentioned below are two stocks that have performed well in the past and are under the investor’s lens
Vitalharvest Freehold Trust (ASX: VTH) is an ASX listed Real Estate trust company. The trust aims at providing the unitholders with real estate exposure in the agricultural sector. It focuses on investment grade agricultural assets in New Zealand and Australia. In the recent 1HFY19 financial performance, the trust reported total revenue of $12.41 million and total comprehensive loss for the period at $8.14 million which attributed to 0.044 loss per unit. The total assets and liabilities were reported at $283.28 million $111.37 million respectively. In the March 2019 quarterly rebalance of S&P Dow Jones Indices, the trust has been added to ASX All Ordinaries index, effective 18th March 2019. In March 2019, two substantial shareholders of the trust; Industry Super Holdings Pty. Ltd. and AustralianSuper Pty Ltd ceased to be a substantial shareholder.
The market capitalisation of the company is A$181.3 million. The 52-week high and low of the stock is A$1.015 and A$0.840 respectively. The stock closed at A$0.97, down by mere 1.02% compared to the previous closing of A$0.970, as of 3rd May 2019. The YTD return of the stock stands at negative 2%.
Duxton Water Limited (ASX: D2O) is an ASX listed company having a unique business of buying and selling water. It holds Australian Water Entitlements which are perpetual rights to Australia’s limited water supply. The majority of the revenue is expected to be generated by leasing these Water Entitlements.
According to the recent March 2019 quarterly cash flow report, the company used net cash of A$4.12 million including $1.96 million of income tax being paid. Vigorous investment activities have led to the cash outflow of A$15.11 million. The net cash from financing activities led to an inflow of A$18.49 million. At the end of the reporting period, the company had net cash of $1.92 million. For the next quarter, A$20.63 million of net outflow is estimated. The company recently announced the successful completion of share placement which raised a total of $15 million from both institutional and professional and sophisticated investors. The new shares were issued at price of A$1.48 per share, with the allotment date of 29th April 2019. The proceeds from the placement will be used to finalise already contracted assets in the pipeline and towards the acquisition of water entitlements
The market capitalisation of the company is A$184.16 million. The 52 week high and low of the stock is A$1.67 and A$1.077 respectively. The stock closed at A$1.00, down by 3.2% compared to the previous closing of A$1.48, as of 3 May 2019. The last six months return of the stock is 20.16 and YTD return stands at 3.3%.
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