3 Stocks under Investor’s radar: MHJ, SSL, WHC

April 19, 2019 08:00 AM AEST | By Team Kalkine Media
 3 Stocks under Investor’s radar: MHJ, SSL, WHC

Michael Hill International Limited

Michael Hill International Limited (ASX:MHJ) is the owner of Michael Hill and Emma & Roe brands. The highlights of the Q3 update as on 31 March 2019 included: ongoing stabilisation of sales performance, from the previous year, where similar store sales declined by 1.5%. On the ongoing programme of store portfolio management front, 1 store opened, and 5 underperforming stores were shut down during the quarter period, providing a total of 307 stores trading at 31 March 2019 (including the one remaining Emma & Roe store).

The stock of the company last traded at a price of A$0.640 (as noted on 17 April 2019). The company has a market capitalisation of around A$247.96 million with 387.44 million shares outstanding. The stock of the company has generated a negative return of 38.46% in the last twelve months. However, it has given a yield of 10.34% in the last three months.

Whitehaven Coal Limited

Whitehaven Coal Limited (ASX:WHC) is the biggest independent producer of coal of Australian region. It is also the leading coal producer in North-western, NSW region, where it presently runs 6 mines. In its recently released March quarter production report, the company’s Total Recordable Injury Frequency Rate (TRIFR) was recorded, well below the NSW coal mining average of 14.67. The company’s TRIFR was of 8.3 by the end of March 2019, which is a small movement from the end of December 2018’s rate of 7.57. The coal sales, comprising of purchased coal, of 6.0Mt for the quarter, was up by 12 percent compared to the same period last year. During the period, coal quality drilling program had begun at Winchester South location.

The stock of the company last traded at a price of A$4.460, up 6.5% (as noted on 18 April 2019). The company has a market capitalisation of around A$4.32 billion with 1.03 billion shares outstanding. The stock of the company has generated a negative return of 22.33% in the last six months period. However, it has given a yield of 2.03% in the last 12 months duration.

Sietel Limited

Sietel Limited (ASX: SSL) makes an investment in industrial and commercial Australian real estate properties. SSL provides commercial vehicle body building services and services related to property maintenance. Besides, the company is also in the designing and developing of domestic equipment. The company was founded in 1937 and listed in 1974. On 22 January 2019, the company notified the market that Mr Delwyn G Rees, in accordance with the company’s constitution, retired as a non-executive Director of the Company following the Annual General Meeting, which was held on 18 January 2019.

In its full-year statutory accounts for the period ending on 30 September 2018, SSL’s 100% owned controlled entity Cook’s Body Works Pty Ltd continued to trade as a commercial vehicle body builder. Its another subsidiary AAA had continued to design and develop products for manufacture by third-party offshore manufacturers.

The stock of the company last traded at a price of A$6.000 on 9 April 2019. The company has a market capitalisation of around A$48.04 million with 8.01 million shares outstanding. The stock of the company has generated a negative return of 7.69% in the last 12 months period. However, it has given a yield of 30.43% in the last 5 years duration.


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