3 Stocks Up On ASX Ladder – EHE, NEC, SAR

3 Stocks Up On ASX Ladder – EHE, NEC, SAR

The below-mentioned companies have experienced improvement in their share price during today’s trading session. Let’s take a closer look at the recent updates made by these stocks.

Estia Health Limited (ASX: EHE)

Estia Health Limited (ASX: EHE) is one of the leading residential aged care providers in Australia with corporate centres in Melbourne and Sydney.

Key Portfolio Statistics of Estia Health Limited (Source: Company Reports)

Recently, the company decided to close its older facility at Mona Vale to fast-track the redevelopment of a well-positioned site; however, this has had a negative impact of around $0.6 million on the company’s FY19 EBITDA. EHE is expecting its FY19 EBITDA generated by mature homes to fall between $86 million to $88 million as compared $90.1 million in FY2018. With the two new homes at Southport and Maroochydore, the company is expecting FY19 net losses to be between $0.7 million to $1.0 million. It is estimated that the company will incur around $2.3 million in costs associated with the Royal Commission.

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Recently, on 4th April 2019, the company announced that it is expecting to receive and recognise an additional revenue of $8.75 million to $9.25 million related to the period 20th March 2019 to 30th June 2019, due to the impact of the Temporary Funding Increase announced by the Government.

In the first half of FY19, the company reported operational EBITDA of $46.9 million, an increase of 3.1% from the previous corresponding period (pcp). During the half-year period, the company invested $43.4 million capital in portfolio expansion and a significant refurbishment and capital programs. The company reported NPAT of $21.1 million, an increase of 4.1% on pcp.

In the last six months, the stock of Estia Health Limited provided a return of 14.04% as on 4th June 2019. At market close, the stock of EHE was trading at $2.700, up 4.247% during intraday trade, with a market capitalisation of circa $674.96 million, on 6th June 2019. Its 52-week high price is set at $3.450 and its 52 weeks low price is set at $2.030, with an average volume of ~1,075,456.

Nine Entertainment Co. Holdings Limited (ASX: NEC)

A media company, Nine Entertainment Co. Holdings Limited (ASX: NEC) is the home of Australia’s most trusted and loved brands. The company is currently in the process of selling its Australian Community Media and Printing business (ACM) for an estimated amount of around $115 million, which will be used to reduce group indebtedness.

Due to the recent merger with Fairfax, Nine Entertainment Co now holds a diverse suite of assets, which can reach to a wide range of audience. With its operational strength and traditional media assets, the company has successfully established itself as a pre-eminent media company in Australia.

In H1 FY19, the company reported a Net Profit After Tax of $172 million (statutory basis), down 1 percent on pcp. Further, on a pro forma basis, the company’s EBITDA grew by 6 percent and reached $252 million and revenues declined by 3 percent and reached $1.203.5 million and fully diluted earnings per share grew by 5 percent to 7.4 cents.

Pro Forma Results of H1FY19 (Source: Company Reports)

The company recently became a substantial holder of Vanguard Group by holding 85,335,807 shares with 5.004% voting power.

In the last six months, the stock of Nine Entertainment Co. Holdings Limited provided a return of 21.30% as on 5th June 2019. At market close, Nine Entertainment’s stock was trading at a price of $1.980, up 0.763 percent during the intraday trading session, with a market capitalisation of circa $3.35 billion as on 6th June 2019. Its 52 week high price is set at $2.600 and its 52 weeks low price is set at $1.305, with an average volume of ~7,891,126.

Saracen Mineral Holdings Limited (ASX: SAR)

A gold mining company, Saracen Mineral Holdings Limited (ASX: SAR) has witnessed an improvement of 3.681 percent in its share price during today’s intraday trading session. The company’s production primarily originates from two WA projects, Carosue Dam Operation and its Thunderbox Operation, both of which have long lives with extensive potential for further growth through exploration.

The company’s stock has provided a year-to-date return of 12.03% as on 5th June 2019.

The company recently noted Hawthorn Resources Limited’s announcement, in which Hawthorn Resources advised that it has completed the Asset Sale and Purchase Agreement with Saracen Mineral Holdings for the sale of Hawthorn’s interests in Box Well and Deep South mining leases along with exploration tenements totalling 18 tenements and leases for a consideration of around $13.5 million.

The company has delivered consistent production in the last three quarters and recovered the gold of around 90koz per quarter.

In FY19, Saracen Mineral Holdings is expecting its production to be in the range of 345,000 to 365,000 ounces at AISC of $1,050 to $1,100 per ounce.

The company’s recent highlights include:

  • Strong environmental track record
  • No significant environmental breaches
  • Kick-starting Shooting Stars in Leonora – Education through netball for indigenous girls
  • Gold Industry Group sponsorship of Netball WA

Despite spending $58 million in 2019 March quarter on growth capital and exploration, at the end of March quarter, the company had $153 million in cash and equivalents, $10 million higher than the last quarter.

In FY19, the company spent around $60 million for exploration and drilling across Saracen’s portfolio, the success of which prompted an increase in the FY19 capital development budget by $35 million.

The $60 million of exploration can be broken up into the following items and estimated spend:

(Source: Company Reports)

In the last six months, the stock of Saracen Mineral Holdings Limited generated a return of 29.37% as on 5th June 2019. At market close, the stock of SAR was trading at a price of $3.380, with a market capitalisation of circa $2.67 billion, on 6th June 2019. Its 52-week high price is set at $3.540 and its 52 weeks low price is set at $1.720 with an average volume of ~4,982,003.


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