2 Stocks at all-time high and 2 at milestone low levels – JBH, CKF, PLS, SXL

  • Nov 04, 2019 AEDT
  • Team Kalkine
2 Stocks at all-time high and 2 at milestone low levels – JBH, CKF, PLS, SXL


JB Hi-Fi and Collins Foods stocks have outperformed and reached record high. JBH reaffirmed its outlook for FY 20 and due to strong performance CKF got added in S&P/ASX 200 Index. On the other hand, PLS hit new low due to fall in lithium price & SXL continued its weak performance in the first quarter 2020.

Let’s now have a look at all the four stocks under discussion:

JB Hi-Fi Limited (ASX: JBH)
Reaffirmed the Outlook for Fiscal 2020:

JB Hi-Fi Limited (ASX: JBH) that sells topmost home consumer products, on October 24th, 2019 reaffirmed the sales outlook for fiscal 2020 and expects it to be circa $7.25 billion. For fiscal 2020, the company expects the sales from JB HI-FI Australia to be $4.84 billion, the sales from JB HI-FI New Zealand (NZD) to be $0.24 billion and the sales from The Good Guys to be $2.18 billion.

As per JBH’s AGM results, it mentioned that during the first quarter of fiscal 2020, it has delivered 4.7% increase in the total sales for JB HI-FI Australia compared to 5.3% rise in pcp and posted 3.7% growth in comparable sales growth in Q1 FY 20 compared to 3.4% in pcp.

The company for the first quarter of fiscal 2020 has reported 3.8% growth in the total sales growth for JB HI-FI New Zealand compared to 4% growth in pcp and 3.8% increase in comparable sales in Q1 FY 20 compared to 9.8% rise in pcp. There has been 0.5% decline in the total sales for The Good Guys in Q1 FY 20, witnessed total sales at -0.5 percent compared to 2.3% rise in pcp and 1.8% decrease in comparable sales in Q1 FY 20 compared to 1% rise in pcp.

Moreover, for FY 19 the company had reported 3.5% growth in the total sales to $7.1 billion and 7.1% rise in the net profit after tax (NPAT) to $249.8 million.

FY 19 Group’s Financial Performance (Source: Company’s Report)

On 4 November 2019, JBH stock last traded at $35.83, declining by 2.184 percent from its previous close.

Collins Foods Limited (ASX: CKF)
Stock added to S&P/ASX 200 Index:

Collins Foods Ltd (ASX: CKF) operator of food chains like KFC and Sizzler in Australia and some parts of Asia was added to S&P/ASX 200 Index, effective from September 23, 2019 as notified through CKF’s release on September 2019 Quarterly Rebalance of the S&P/ASX Indices.

On the other hand, as per the company’s notification on 26 September 2019, it refinanced its existing syndicated debt facilities as per revolving facilities (New Facilities). Under the new facilities, the debt will be available for the tenure of both 3 years and 5 years, in which $180 million and €50 million will get matured on 31 October 2022. The remaining $85 million and €30 million will get matured on 31 October 2024.

Moreover, during FY 20, the company expects to increase the momentum for roll out of the Taco Bell brand in Australia and intends to enter into Victoria in early 2020. Further, it has plans to complete building 10 new restaurants by the end of the year. In Europe, the company plans to improve sales in Germany & Netherlands during FY20. The company’s KFC Australia network, projects to increase the rate of building new restaurant to ten in fiscal 2020.

On 4 November 2019, CKF notified the market that it had been served with Federal Court proceedings by Taco Bill Mexican Restaurants Pty Ltd. The allegation would be defended by CKF with the help from the Taco Bell.

On 4 November 2019, CKF stock last traded at $10.00, falling by 1.768 percent from its previous close.

Pilbara Minerals Limited (ASX: PLS)
PLS’ mine production totaled 303,177 wmt during September Quarter:

Pilbara Minerals Ltd (ASX: PLS), a leading mining company that operates and produces lithium, on 28 October 2019, released September 2019 quarterly activities report. During the period, production was subdued at the Pilgangoora Project. Also, 21,322 dmt of spodumene concentrate at 6.06 percent Li2O had been recorded. Further, foremost shipment to the Chinese Great Wall Motor was concluded in August 2019.

PLS recorded the mine production for the quarter period totaling at 303,177 wmt. On the cash flows front, for the period ended 30 September 2019, PLS stated that the net cash used in operating activities stood at $28,761k. Also, net cash from financing activities was noted at $37,820k. The cash and cash equivalents at end of the period stood at $60,896k.

Meanwhile, PLS has raised fund of approximately $91.5 million in total through the placement of $55 million worth of shares equating to an 8.5% ownership interest to the leading Chinese battery manufacturer, Contemporary Amperex Technology (CATL) and an institutional placement of $36.5 million worth of shares. The company had to issue ~305.1 million new PLS common securities at an issue price of $0.30/security in the case of raising fund through the Placement.

The company has also raised up to an additional $20 million through a Share Purchase Plan (SPP). The funds are planned to be used for the remaining ramp up of the Pilgangoora operation to nameplate capacity, company’s Pilbara Minerals’ initial 21% equity interest in the POSCO Downstream JV chemical conversion plant, Stage 1 improvement & rectification projects and Stage 2 expansion studies.

Expansion Pathway (Source: Company’s Report)

On 4 November 2019, PLS stock last traded at $0.38, surging up by 10.145 percent from its previous close.

Southern Cross Media Group Limited (ASX: SXL)

Chairman and CEO’s address during AGM:

Southern Cross Media Group Ltd (ASX: SXL) provides television services covering most of regional Australia, through affiliation arrangements with the major metropolitan commercial networks.

On October 24th, 2019, the company released Chairman’s and CEO’s addresses during the AGM. The chairman stated that SXL delivered a credible outcome in the FY19 period. The group revenue stood at $660.1 million, going up by 0.5 percent on pcp. Underlying EBITDA rose by 0.9 percent, standing at $159.9 million. Also, underlying net profit grew by 3.1 percent, and was noted at $76.2 million.

However, on the back of weak market in the first quarter FY 20, leading to fall in both audio and television segments, the company reported 8.5% decline in the revenue compared to prior corresponding period.

As per trading update and earnings guidance, released by the company on 15 October 2019, SXL’s operating costs was $1M lower than the prior comparable period in the first quarter. Meanwhile, the company for first half expects EBITDA to be in the range of $60M to $68M, depreciation to be approximately $4M less than compared to the prior comparable period, and full year 2020 capex is expected to be $5M to $7M lower than the FY19. Further, the decisions by the company to outsource transmission and television playout services have also led to down revision of the guidance. The company intends to maintain cost control across all divisions and to maximise the company’s market share.

On 4 November 2019, SXL stock last traded at $0.87, moving up by 4.819 percent from its previous close.


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