3 Stocks Riding High - FGR, VN8 And AQX

  • Nov 20, 2018 AEDT
  • Team Kalkine
3 Stocks Riding High - FGR, VN8 And AQX

Three stocks closing in green, despite of ASX closing in red at 5671 and all ordinaries at 5759, are discussed herein. It is when investors looked beyond the tech stocks and started to diversify into other sectors like resources or telecommunication, they found three stocks riding high as follows:

FIRST GRAPHENE LIMITED (ASX: FGR) – To report continued success with its strategy of engaging with industry to develop new products that uses its PureGRAPH™ range of graphene products. The group’s result for the year was a loss of $7,024,612 as compared to 2017 loss of $4,259,960 due to which no final dividend has been declared or recommended as at 30 June 2018 or as at September 2018. The cash and cash equivalents at end of the year 2018 stands higher at $4.838 million than the previous corresponding period with virtually no debt facility represents a healthy balance sheet. The Group’s exposure to the risk of changes in market interest rates relates primarily to the Group’s cash position. The company’s market capitalization of the year currently stands at $58.56 million The stock traded at a market price of $0.165 with a daily percentage change of 13.793% as at November 20, 2018. It has undergone a performance change of 47.96% over the past 6 months.

VONEX LIMITED (ASX: VN8) – The company has reached a record 25,000 registered Private Branch Exchange users as at the end of October 2018. Up from 20,000 users this time last year this growth represents a 25% year on year gain in PBX users. The financial results of the consolidated entity for the financial year ended 30 June 2018, is revenue which is up by 12% to $8,486,196 and cash and cash equivalents which increased from $384,624 in 2018 to $5,223,854 in 2017 representing a change of 1,258%. Total group sales revenues rose by 15% during the reporting period. Vonex achieving audited net profit after tax of $1 million in a financial year. The company’s market capitalization of the year stands at $16.24 million. The stock traded at a market price of $0.125 with a daily percentage change of 13.636% as at November 20, 2018. It has undergone a performance change of -8.33% over the past 1 month.

ALICE QUEEN LIMITED (ASX: AQX) – In relation to the company’s Mendooran Project in NSW, significant upside potential is still there, and that Alice Queen is now back in full control over the Project. To fund its ongoing exploration efforts at its flagship Horn Island gold project during the year, the company raised a further $5.50 million in new equity. The Group incurred a loss after tax for the reporting period of $2,424,079 compared to 2017 loss of $1,138,203 and the directors recommend that no dividend be paid for the reporting period ended 30 June 2018. The company issued 119,123,543 compared to 2017 of 22,053,093 fully paid ordinary shares as a result of the exercise of listed options. Cash and cash equivalents at the end of the period was of $514,359 as at June 30, 2018 with virtually no debt reflecting decent balance sheet. The stock traded at a market price of $0.012 with a daily percentage change of 9.091% as at November 20, 2018, which is near its 52-week low. It has undergone a performance change of -26.67% over the past 1 month.


Disclaimer

This website is a service of Kalkine Media Pty. Ltd. A.C.N. 629 651 672. The website has been prepared for informational purposes only and is not intended to be used as a complete source of information on any particular company. Kalkine Media does not in any way endorse or recommend individuals, products or services that may be discussed on this site. Our publications are NOT a solicitation or recommendation to buy, sell or hold. We are neither licensed nor qualified to provide investment advice.

 

All pictures are copyright to their respective owner(s).Kalkinemedia.com does not claim ownership of any of the pictures displayed on this website unless stated otherwise. Some of the images used on this website are taken from the web and are believed to be in public domain. We have used reasonable efforts to accredit the source (public domain/CC0 status) to where it was found and indicated it below the image.

 

There is no investor left unperturbed with the ongoing trade conflicts between US-China and the devastating bushfire in Australia.

Are you wondering if the year 2020 might not have taken the right start? Dividend stocks could be the answer to that question.

As interest rates in Australia are already at record low levels, find out which dividend stocks are viewed as the most attractive investment opportunity in the current scenario in our report.

CLICK HERE FOR YOUR FREE REPORT!
   
x
We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it. OK