10 ASX Stocks Under $10 Price

All You Need To Know About 3 ASX Listed Stocks

Currently, there are many good quality stocks which are trading at low prices. Investors can easily invest in these stocks due to their cheap prices. If a stock is trading at a low price it does not necessarily mean that the stock is a penny, as there are many stocks which have market cap of over billion dollars but are trading at low prices.

We have made a list of Top-10 ASX-listed stock which are currently trading below $10.

Bingo Industries Limited (ASX: BIN)

Waste management company, Bingo Industries Limited (ASX: BIN) is currently in the process of selling its Banksmeadow facility to CPE Capital for a total consideration of $50 million. Australian Competition and Consumer Commission has already approved CPE Capital as the purchaser of the facility. The sale is expected to settle before 9 October 2019.

In the last six months, BIN’s stock has provided a return of 45.76% as on 25 September 2019. At market close on 26 September 2019, BIN’s stock was trading at a price of $2.280 with a market capitalisation $1.41 billion.

Netwealth Group Limited (ASX: NWL)

In the last few years, Australia’s leading specialist platform provider Netwealth Group Limited (ASX: NWL) has witnessed significant growth in its FUM (Funds under Management), FUA (Funds under Administration) and member accounts.

Growth in FUM, FUA and Member Accounts (Source: Company reports)

For the year ended 30 June 2019, the company reported a NPAT of $36 million, up 23.9% on pcp.

In the last six months, NWL’s stock has provided a return of 11.26% as on 25 September 2019. At market close on 26 September 2019, NWL’s stock was trading at a price of $9.330, up 4.949% intraday, with a market capitalisation $2.11 billion.

AMP Limited (ASX: AMP)

Financial services provider, AMP Limited (ASX: AMP) recently raised approximately A$134.1 million under a Share Purchase Plan. The company recently confirmed that it has strong balance sheet and capital position, with its Level 3 eligible capital above minimum regulatory requirements of A$1.7 billion at 30 June 2019.

Due to the pending divestment of AMP Life, Standard & Poor’s (S&P) recently lowered its ratings on AMP Limited and its subsidiaries by one notch (refer below figure).

AMP Limited (Source: Company Reports)

In the last six months, AMP’s stock has provided a negative return of 16.05% as on 25 September 2019. At market close on 26 September 2019, AMP’s stock was trading at a price of $1.780, down by 1.385% intraday, with a market capitalisation $6.2 billion.

Fortescue Metals Group Ltd (ASX: FMG)

Metal and mining company, Fortescue Metals Group Ltd (ASX: FMG) has successful refinancing and repaid its US$1.4 billion 2022 Syndicated Term Loan Facility (Term Loan) through:

  • Repayment of US$800 million using proceeds from the issue of US$600 million Senior Secured Note announced on 6 September 2019 and US$200 million from available cash, and
  • Extension of US$600 million Term Loan balance to 2025 on the same terms and condition

The debt maturity profile following completion of the refinancing and repayment is set out in the chart below:

(Source: Company Profile)

In the last six months, FMG’s stock has provided a return of 41.05% as on 25 September 2019. At market close on 26 September 2019, FMG’s stock was trading at a price of $8.620, up by 0.583% intraday, with a market capitalisation $26.39 billion.

Medibank Private Limited (ASX: MPL)

Medibank Private Ltd (ASX: MPL) is currently transitioning into a healthcare company by providing more affordable healthcare services. For the year ended 30 June 2019, the company reported an operating profit of $528.5 million and NPAT of $437.7 million (continuing operations). In FY20, the company is focused on providing greater choices and transparency to its customers.

In the last six months, MPL’s stock has provided a return of 29.76% as on 25 September 2019. At market close on 26 September 2019, MPL’s stock was trading at a price of $3.360, down by 2.326% intraday, with a market capitalisation $9.47 billion.

Vicinity Centres (ASX: VCX)

Australia’s leading retail property group Vicinity Centres (ASX: VCX) reported a Statutory net profit of $346.1 million and Funds from operations (FFO) of $689.3 million for the year ending 30 June 2019.

Strategic initiatives taken by the company during the year include:

  • Acquisition of 100 million securities at 12.3% discount to Jun-19 NTA5
  • Divestment of 12 assets for $670 million
  • Repositioning of existing portfolio
  • Commitment to Net Zero carbon emissions by 2030

At market close on 26 September 2019, VCX’s stock was trading at a price of $2.590 with a market capitalisation of circa $9.74 billion.

Link Administration Holdings Limited (ASX: LNK)

Administrator of financial ownership data, Link Administration Holding Limited (ASX: LNK) reported a 17 % revenue growth in FY19 (period ended 30 June 2019). In FY19, the company earned operating EBITDA of $356 million and Operating NPATA of $202 million.

Outlook

  • FY 2020 Operating EBITDA of the continuing business is expected to be stronger in 2H and overall, broadly in-line with FY 2019;
  • Global transformation to deliver $50 million of annualised savings by end of FY 2022
  • RSS guidance FY 2020: revenues of $480m-$500m and Operating EBITDA of $60m-$70m.

At market close on 26 September 2019, LNK’s stock was trading at a price of $5.680 with a market cap of $3.04 billion.

Select Harvests Ltd (ASX: SHV)

Fully integrated almond business Select Harvests Limited (ASX: SHV)  is current reaping the benefits of its ongoing focus on high-performance horticultural programs. Last month, the company informed the market that its 2019 yields are above industry standard.

For the 6 months ending 31 March 2019, the company reported NPAT of $20 million and EBITDA of $38.5 million. The company’s Almond Division reported EBIT of $31.5 million for the half year period. The results were driven by increased volumes and higher pricing.

(Source: Company Reports)

At market close on 26 September 2019, LNK’s stock was trading at a price of $5.680 with a market cap of $3.04 billion.

Elders Limited (ASX: ELD)

Leading agribusiness Elders Limited (ASX: ELD)  is currently in the process of acquiring AIRR Holdings Limited (AIRR) via scheme of arrangement. In a recent update, the company confirmed that Federal Court of Australia has approved the dispatch of Explanatory Booklet to AIRR shareholders  in relation to the Scheme.

Acquisition rationale

  • The AIRR acquisition is aligned with Elders’ Corporate Acquisition Principles
  • AIRR is a member-based buying and marketing group for independent rural merchandise and pet and produce stores
  • Provides a new growth avenue through access to independent retailers
  • Potential to deliver net synergies of $6.6 – 9.3 million per annum, to be gradually realised over the next two years.

At market close on 26 September 2019, ELD’s stock was trading at a price of $6.260 with a market cap of $873.98 Million.

Bubs Australia Limited (ASX: BUB)

Premium infant nutrition and goat dairy products producer, Bubs Australia Limited (ASX: BUB)  reported gross revenue of $46.8 million for FY19, up 15% as compared to pcp. In FY19, the company demonstrated its ability to rapidly scale the business for further global expansion that is both sustainable and profitable. This high growth profile has been achieved through a continuing focus on its four key drivers:

  • Increased domestic market penetration
  • Innovation and product development
  • Brand awareness and impact
  • Enhanced Asian focus

Notably, in the last six months, BUB’s stock have provided a return of 72.37% as on 25 September 2019. At market close on 26 September 2019, BUB’s stock was trading at a price of $1.355 with a market capitalisation of circa $673.08 million.


Disclaimer

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.

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