3 Stocks That Have Been Talked About - IVC, AHG And NEC

  • Feb 22, 2019 AEDT
  • Team Kalkine
3 Stocks That Have Been Talked About - IVC, AHG And NEC

The below mentioned three stocks have recently released their financial results, and all three stocks were spiked up on ASX today (22 February 2019).  Let’s take a closer look at these stocks-

InvoCare Limited (ASX: IVC)

Funeral Service Provider, InvoCare Limited (ASX: IVC) has recently released its full-year results for FY 2018. In FY18, the company earned Operating sales revenue of $477.3 million which is 1.4% higher than the previous corresponding period. The company has reported an NPAT of $41.2 million which is 57.7% lower than pcp, driven by the impact of the mark to market valuation of prepaid contracts in 2017 which included a significant gain due to property revaluations and sale.

The company’s Board has declared a final dividend of 19.5 cents per share fully franked for FY 2018 which brings the full year dividend to 37.0 cents per share, representing an 82% payout of operating earnings. The payment date of the dividend is 12 April 2019 with record date of 5 March 2019 and ex-dividend date of 4 March 2019.

IVC’s shares last traded at $14.090 (+12.003% intraday) with a market capitalization of circa $1.39 billion as on 22 February 2019.

Automotive Holdings Group Limited (ASX: AHG)

Australia’s leading automotive retailer, Automotive Holdings Group Limited (ASX: AHG) has released its half years for FY 2019. For the half-year period, the company has reported Group revenue of $3.22 billion and Statutory loss of $225.6 million. The company’s board has not declared an interim dividend in order to strengthen its balance sheet. As at 31 December 2018, the Company had net debt of $284.7 million. The company has advised that its forecast for full?year Operating NPAT is now in the range of $52?million to $56?million, previously it was in between $56 million to $59 million. The Company has a near?term target of a further $23 million in recurring cost reductions for FY2020.

In the past six months, the share price of the company decreased by 27.18 percent as on 21 February 2019. AHG’s shares traded at $1.910 (+8.832% intraday) with a market capitalization of circa of $582 million.

Nine Entertainment Co. Holdings Limited (ASX: NEC)

Nine Entertainment Co. Holdings Limited (ASX: NEC) has released its half-year results for FY 2019. For the half-year period, the company has reported Net Profit After Tax of $172 million which was 1 percent less than the previous corresponding period (pcp). On a reported basis, the company reported revenue of $710 million resulted in Group EBITDA of $178 million. The company’s Net Profit after Tax, pre Specific Items, was $109m for H1 FY19. Further, the company has reported specific Items of $63 million for the half year period, the bulk of which related to completion of the merger with Fairfax. On an After Tax and Specific Item basis, and including the contribution from discontinued businesses, the company reported a profit of $172 million.

In the past six months, the share price of the company decreased by 35.12 percent as on 21 February 2019. NEC’s shares traded at $1.680 (+7.006% intraday) with a market capitalization of circa $2.68 billion as on 22 February 2019.


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