The below-mentioned stocks have witnessed significant changes in their share prices today. Let’s take a closer look at the recent updates and the stock performances of these stocks -
Crowd Media Holdings Limited (ASX: CM8)
The global mobile entertainment and digital media company, Crowd Media Holdings Limited (ASX: CM8) has received confirmation that JGB has extended the term of the facility to 12 April 2019 while the Company finalises the refinancing of the entire JGB debt. Following this news, the share price of the company increased by 7.692% in the intraday trade as on 28 March 2019.
Crowd Media has also issued JGB with 2 million unlisted options with an exercise price of 5 cents and a 3-year term as part of the extension.
In H1 2019, the company reported revenue of $14 million and an EBITDA loss of $3.27 million.
On the stock performance front, in the past six months, the share price of the company decreased by 71.11% as on 27 March 2019. CM8’s shares last traded at $0.014 with a market capitalization of circa $3.03 million as on 28 March 2019.
Retail Food Group Limited (ASX: RFG)
Global food and beverage company, Retail Food Group Limited (ASX: RFG) recently provided a response to franchising inquiry findings in which the company advised that it is focusing on making its franchise network a successful one. The company also informed that it has conducted its own extensive reviews and improvements of its own policies and practices to better support its franchisees.
The company’s shares witnessed an uplift of 14.286% today, despite of not releasing any price sensitive information to the market.
Currently, the company is focusing on leveraging synergies across all three of its divisions (Media, Subscription and Q&A). The company is trying to transform itself from being a product-centric business to a digital platform company and currently undertaking an operational transition to focus on its core strength in social media and influencer marketing.
For the half year ended 31 December 2018, the company reported Underlying NPAT of $6.6 million and Statutory net loss after tax of $111.1 million.
On the stock performance front, In the past six months, the share price of the company decreased by 57.14% as on 27 March 2019. RFG’s shares last traded at $0.240 (+14.286% intraday) with a market capitalization of circa $38.38 million as on 28 March 2019.
Integrated Payment Technologies Limited (ASX: IP1)
Australian financial technology business, Integrated Payment Technologies Limited (ASX: IP1) had recently announced that it has ceased its Bill Exchange business offering as part of its focus on the core payments capabilities within the expanding superannuation and payroll sectors.
In February 2019, the company announced the full market release of its new payment processing service PayVu which is focused on improving the efficiency and security of payments processing.
In the first half of FY 2019, the company a net loss after tax of $8,413,461 and EBITDA loss of $780,376.
On the stock performance front, in the past six months, the share price of the company decreased by 16.667% as on 28 March 2019. IP1’s shares last traded at $0.020 (- 16.667% intraday) with a market capitalization of circa $3.71 million as on 28 March 2019.
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