3 Stocks under discussion – RAP, OGX and SAS

  • Aug 31, 2018 AEST
  • Team Kalkine
3 Stocks under discussion – RAP, OGX and SAS

RESAPP HEALTH LIMITED (ASX: RAP) - As per the preliminary final report the company reported a revenue from ordinary activities of $87,007 which is down by 57% compared from the previous year in 2017 of $204,317. And reported a loss after tax of $6,533,435 which is 35% down from previous year due to which there was no dividend declared in the current or previous reporting period. The disappointing performance led to the loss per share of $0.99, however, compared better to the previous year loss of $1.53. The company had at the end of the year cash and cash equivalents of $3.39 million. The stock is trading flat at $0.195, with the negative EPS of -0.009 AUD. The market capitalization of the company is $4.44 million as at Aug 31, 2018.  

ORINOCO GOLD LIMITED (ASX: OGX) - Following its successful share placement in March 2018, the company has secured up to a further A$8,000,000, provided by MEF I, L.P under a convertible note agreement which will be issued at US$1.00 per note. Out of which A $2,000,000 will be received immediately and rest in the next three tranches. The cash and cash equivalents at the end of quarter of June 30, 2018 stands at $3.013 million. The commercial production ramp up at Cascavel generated positive cash flow from quarter 2, 2018. It produced 100-110 ounce of gold dore’ and gold in concentrate. The stock is trading flat at $0.043, with the negative EPS of -0.023 AUD. The market capitalization of the company is $44.44 million as at Aug 31, 2018.

SKY AND SPACE GLOBAL LTD (ASX: SAS) - SAS raised $10 million in an oversubscribed placement, during March 2018 and completed a fully underwritten SPP of $5 million at $0.12 per share. As at 30 June 2018, company had cash at bank of approximately $8.9 million. Revenue for the year is $649 as at June 30, 2018. The company incurred a loss per share of $0.49 cents as at June 30, 2018 which was $1.10 in the prior corresponding period. The company is making strong progress operationally, towards the launch of the company’s first batch of pearls, which remains well on track for 2019. During the financial year, no dividends have been paid or declared for payment. The stock is trading near its 52 - week low ($0.059), at a market price of $0.061 with the negative EPS of -0.010 AUD.

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