3 Stocks On The Rise – IAB, BYH and THR

  • Oct 08, 2018 AEDT
  • Team Kalkine
3 Stocks On The Rise – IAB, BYH and THR

With the markets dropping to 6,100 level as at October 08, 2018, some of the stocks refuse to be bogged down. Few of these stocks on rise lately are discussed herein and shall be closely watched while considering them in your portfolio.

INABOX GROUP LIMITED (ASX: IAB) – The company has entered into a binding sale agreement, to sell its telecommunications and enablement services business via a sale of all of the shares in its operating subsidiaries, to MNF Group Limited (ASX: MNF), the maximum consideration payable to Inabox is $33.5m. Assuming the full earn out is received the total cash distribution to shareholders is likely to be in excess of $0.80 per share. The total revenue increased from $90,105,000 as at June 30, 2017 to $101,122,000 as at June 30, 2018 while the underlying EBITDA $4,626,000 in 2017 to $5,110,000 in 2018. The loss for the group after providing for income tax amounted to $13,666,000 compared to 30 June 2017, profit of $86,000. As at October 8, 2018, the stock of Inabox traded at a market price of $0.705 and has seen a performance change of 38.89% over the last six-months period.

BRYAH RESOURCES LIMITED (ASX: BYH) – The company successfully completed Initial Public Offering, raising $5.0 million. The loss of the Company for the financial year after providing for income tax amounted to $745,666 compared to $178,526 in 2017. However, the company’s net assets as at 30 June 2018 were $5,611,334 which is up from $1,170,015 in 2017. As compared to $353,485 in 2017, the company had cash reserves of $2,503,789 as at 30 June 2018 representing a decent balance sheet. The earning per share decreased further down to -1.55 cents from -0.72 cents indicating a restricted profit growth. As at October 8, 2018, the stock of Bryah traded at a market price of $0.110 and has seen a performance change of -19.09% over the last one-month period but traded higher on October 8, 2018 by 23.596%.  

THOR MINING PLC (ASX: THR) – Recently the group received an approval for its acquisitions of interests in copper, tungsten, and Vanadium hosted Bonya tenements. The net result of operations for the year was a loss of £1,249,000 as compared to the loss of £1,253,000 in 2017. The cash and cash equivalents at end of period June 30, 2018 was at $1,374,000 with no debt facility representing a healthy balance sheet. The company has not declared and does not recommend any dividend for the year considering the loss and a negative EPS of -0.004 AUD. As at October 8, 2018, the stock of Thor traded at a market price of $0.029 and has seen a performance change of 71.43% over the last twelve-month period and traded higher on October 8, 2018 by 20.833%.

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