3 Stocks under discussion – BIT, MXC and SAS

  • Oct 19, 2018 AEDT
  • Team Kalkine
3 Stocks under discussion – BIT, MXC and SAS

After the stock markets ended more or less flat today, three stock that came under discussion are from health care and telecommunication sector. Let’s have a look at them:

BIOTRON LIMITED (ASX: BIT) – Biotron has recently secured $4.7 million underwriting agreement with CPS capital group Pvt. Ltd. The company posted a net loss after tax from ordinary activities down by 48.48 percent to $1,593,645. Also, at the end of June 30, 2018, the cash and cash equivalents are of $1,543,002 which is lower compared to the cash of $1,987,384 in 2017. The EPS is around -0.004 AUD which is reflecting on the losses made by the company. Result of which the directors do not recommend dividends to be paid or declared for the financial year. The stock of Biotron Limited has risen 13.725% on the back of agreement and traded at a market price of $0.290, as at October 19, 2018, and over the last twelve months period it has witnessed a performance change of a staggering 1553.62%.  

MGC PHARMACEUTICALS LTD (ASX: MXC) – The transaction will see MXC hold a material equity holding in CannaGlobal, following the sale of MGC Derma to CannaGlobal on the terms as announced on 27 September and 4 October 2018. Though health experts see an even bigger opportunity, the company expects to generate in excess of $1 million in annualized revenue. CannEpil is an orally-administered medical cannabis treatment, for refractory epilepsy or drug-resistant, which accounts for about 30 percent of all epilepsy cases. As at June 30, 2018, the revenue has increased significantly from $120,242 in 2017 which is up by 146% to $296,811. At the end of the financial year, the cash and cash equivalents has been $9.86 million with no debt representing healthy balance sheet. The stock of MGC has fallen -4.225% and traded at a market price of $0.068, as at October 19, 2018, and over the last twelve months period it has witnessed a performance change of 86.84%.

SKY AND SPACE GLOBAL LTD (ASX: SAS) – The income has marginally gone up from $54,376 in 2017 to $71,454 in 2018. However, the company posted a net loss of $8.3 million compared to the loss of $14.8 million in 2017. The result of which dividends have not been paid or declared for payment during the financial year which is also represented by the negative earnings per share (EPS) of (0.49) which has improved compared to (1.10) last year. As at June 30, 2018 the company has a cash at bank of approximately $8.9 million compared to the 2017 cash of $9.94 million with no debt facility pending. The stock of SAS had a flat daily price change and traded at a market price of $0.057, as at October 19, 2018, and over the last twelve months period it has witnessed a performance change of -64.38%.

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