As per the market economists, the year 2019 is likely to be better for the S&P/ASX 200 which can be attributed to a turn in the housing market and better monetary policies. With wall street’s final trading session of 2018 Australian shares are controlled to start the year. Though the markets were down at the close of the day, three stocks are gaining on the ASX.
HIGHLANDS PACIFIC LIMITED (ASX: HIG) – Cobalt 27 has agreed to acquire all the shares in Highlands which it does not already hold, the company has entered into a Scheme Implementation Agreement with Cobalt 27 Capital Corp. Holding an interest in Highland of around 13%, the company is currently the largest holder of Highlands shares. If before 31 December 2019 the closing spot price of nickel1 exceeds US$13,220 per tonne, the consideration will increase by A1.0 cents cash per share to A11.5 cents. The stock is at a market price which is up by 35.616% and last traded at a market price of $0.099 as it is currently under the suspended status.
99 WUXIAN LIMITED (ASX: NNW) – From a close of $0.094 on 27 December 2018 to a high of $0.175 on 2 January 2019, 99wuxian confirms that it follows the Listing Rules, and ASX Listing Rule 3.1. The company confirms that the responses have been approved and authorized by its board. The revenue from the first half of FY 2018 increased by 33% from the PCP contributed by solid growth in the employee benefit redemption business and rewards redemption. The stock is at a market price which is up by 18.519% and last traded at a market price of $0.160 as it is currently under the suspended status. The stock has undergone a performance change of 8.00% in the past six months.
ATOMOS LIMITED (ASX: AMS) – The FY18 revenue of the company is $35.6m, FY19 pro forma forecast revenue of $42.2m. The IPO heavily corner stoned by institutional investors – almost all previously issued shares escrowed for 6 - 24 months. The company has a truly global business with 49% of sales to the USA, 21% to Asia and 30% to EMEA. After the completion of an IPO which raised $6 million at $0.41 per share through the issue of 14,634,146 new shares, the trading commences on the ASX on December 28, 2018. The stock is at a market price up by 8.696% and last traded at a market price of $0.875 as it is currently under the consumer discretionary sector. The stock has had a performance change of 61.00% in the past three days since it was listed.
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