$69 postpage LB

3 Stocks Under Investors' Purview - BD1, FAR And BIT

  • November 09, 2018 05:52 AM AEDT
  • Team Kalkine
3 Stocks Under Investors' Purview - BD1, FAR And BIT

As the ASX turns red and goes back to 5900 level, the investors became cautious and are in search of the value investments. Some of the stocks that are currently under their purview are mentioned below:

Gold MTF non-AMP

BARD1 LIFE SCIENCES LIMITED (ASX: BD1) – The company has announced that it intends to raise up to $3.3 million (before costs) by the issue of approximately 165.7 million fully paid ordinary shares at an issue price of $0.02 per share by way of a non-renounceable entitlement issue. At the end of the first quarter as on September 30, 2018, the company has posted the closing cash balance at $1.13m. The net operating cash flow of the company reported a drop from $531k of almost 74% up to $304k as reported during the previous quarter which was contributed by $30k expenditure on patents and General administration expenses and research and development expenses on BARD1 pipeline of around $32k contributing to $242k. As at November 9, 2018, the stock of BD1 traded lower at a market price of $0.023 it has witnessed a performance change of 225.00% over the past one year with a market capitalization of A$21.55 million.  Â

FAR LIMITED (ASX: FAR) – The result in the Samo-1 well drilling is not in line with pre-drill expectations, however it is providing an abundance of new subsurface information that will help them understand the geological play along the shelf edge – an area which remains grossly underexplored. Despite reporting higher revenue and lower cost in the previous corresponding year, in the half year financial results the company posted loss of $12,077,715 for the period ended 30 June 2018. However, company reported a foreign exchange gain of $2,503,777, compared to foreign exchange loss reported in half year ended 30 June 2017. Principally due to lower exploration expenses of $12,037,359 this reflects $10,270,380 of lower loss in comparison to the previous corresponding period. The company’s net cash forecast is expected to increase by approximately $20 million. As at November 9, 2018 the stock of FAR Limited traded at a market price of $0.082 and has seen a performance change of 68.83% since the past one year.

BIOTRON LIMITED (ASX: BIT) – Biotron’s strategy is to systematically grow the value of the company and work towards a commercial outcome for shareholders which is achieved by the demonstration of positive data from clinical trials and other supporting studies. As no revenue increase was seen, compared to 2017 loss of $3,093,405, the FY18 net loss has been down by 48.5% to $1,593,645 result of which the directors did not declare dividends to be paid by the company. $4.7 million underwriting agreement was secured by the company for 30 Nov ‘18 for $0.06 options. During the year ended 30 June 2018, the company continued to fund and manage its research and development projects. The earnings per share (EPS) is negative of -0.004 AUD reflecting restrained profit. The stock is trading -4.34% lower at $ 0.110 as at November 9, 2018. The stock has undergone a performance change of 284.17% over the past 12 months period.

BD1BD1, FAR, BIT daily price chart, Source: Thomson Reuters


The advice given by Kalkine Pty Ltd and provided on this website is general information only and it does not take into account your investment objectives, financial situation or needs. You should therefore consider whether the advice is appropriate to your investment objectives, financial situation and needs before acting upon it. You should seek advice from a financial adviser, stockbroker or other professional (including taxation and legal advice) as necessary before acting on any advice. Not all investments are appropriate for all people. Kalkinemedia.com and associated websites are published by Kalkine Pty Ltd ABN 34 154 808 312 (Australian Financial Services License Number 425376). website), employees and/or associates of Kalkine Pty Ltd do not hold positions in any of the stocks covered on the website. These stocks can change any time and readers of the reports should not consider these stocks as advice or recommendations.




The website https://kalkinemedia.com/au is a service of Kalkine Media Pty. Ltd. (Kalkine Media) A.C.N. 629 651 672. The principal purpose of the content on this website is to provide factual information only and does not contain or imply any recommendation or opinion intended to influence your financial decisions and must not be relied upon by you as such. Some of the content on this website may be sponsored/non-sponsored, as applicable, but is NOT a solicitation or recommendation to buy, sell or hold the stock of the company (or companies) or engage in any investment activity under discussion. We are neither licensed nor qualified to provide investment advice through this platform. In providing you with the content on this website, we have not considered your objectives, financial situation or needs. You should make your own enquiries and obtain your own independent advice prior to making any financial decisions.
Some of the images that may be used on this website are copyright to their respective owner(s). Kalkine Media does not claim ownership of any of the pictures displayed on this website unless stated otherwise. The images that may be used on this website are taken from various sources on 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. The information provided on the website is in good faith, however Kalkine Media does not make any representation or warranty regarding the content, accuracy, or use of the content on the website.


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