2 Mid-caps on the Rise – MTS and DMP

  • Aug 10, 2018 AEST
  • Team Kalkine
2 Mid-caps on the Rise – MTS and DMP

Below are 2 mid-cap stocks that are ending the week with a rise post a subdued performance in latest time. Challenges in retail environment and franchisee business, as appropriate, have been hovering over the two stocks.

Metcash Limited (ASX: MTS) is into wholesale marketing and distribution and its annual dividend yield is of 4.94%, fully franked. The group declared a final dividend of 7.0 cents per share franked at 30%. The ex–dividend date was July 10, 2018 and the record date was July 11, 2018, while the payable date for the same has been August 08, 2018. With sales of over $14 billion in FY18, the company looked sustainable. Locking in a deal to develop a $50 million facility for Metcash's hardware business at Berrinba, south of Brisbane, Charter Hall is stepping up its industrial property pipeline. Between the $3 billion wholesale Charter Hall Prime Industrial Fund and Metcash's Independent Hardware Group, the transaction for a 10-year lease has been struck. Hardings Hardware, Mitre 10, Thrifty-Link Hardware, Home Timber & Hardware, and True Value Hardware are included in the Metcash's hardware arm. The company stock is trading at a current market price of $2.72 and has seen a daily price change of $0.09 percentage change of 3.42%, before market close. The stock has seen a performance change of -1.50% over the past 12 months.

Domino's Pizza Enterprises Limited (ASX: DMP) is under the consumer discretionary sector; and the company is engaged in the operation of franchise services and retail food outlets with master franchise rights and network spread across Australia. The company’s incorporation year was 1983 and is based in Kingsford Smith Drive, Hamilton, Australia. The menu consists of Domino's Pizzas, Sides, Drinks, and Desserts. Domino’s chief, Don Meij drew people’s attention via a video and announced that the company will make somewhat between $260 - $270 million of EBITDA. It has been predicted that the ASX listed has been hit with bad news as the stock went into reverse due to the weaker than anticipated international sales. The Domino’s stock is trading at a current market price of $51.470 with a daily price change of 1.470 points or 2.94% and has seen a performance change of -4.76% over the past 12 months. The annual dividend yield for the company is 2.06% which is 40% franked, and the most recent dividend paid was 58.100 cents with dividend ex-date as February 20, 2018 and dividend pay date as March 08, 2018. The company’s market capitalization currently stands at $4.27 billion.

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