3 Stocks Up On The ASX 200 Index - ASL, BIN And NHF

  • Jan 16, 2019 AEDT
  • Team Kalkine
3 Stocks Up On The ASX 200 Index - ASL, BIN And NHF

Australian markets closed in green today with S&P/ASX 200 settling at A$5835.2, up by 0.4% and All Ordinaries at A$5893.7, also up by 0.4%. Below are three of the best-performing stocks at ASX200 today:

Ausdrill Limited (ASX: ASL)

The shares of Ausdrill Limited soared by 8.5% today making it a star performer on ASX 200. Although the scrip price has been on a downtrend from past six months generating a negative return of 27.7%, the shares are up by 4% in the new year.

Ausdrill Limited is Australia’s exploration company with operations across the globe. The company reported revenue of approximately $887 million and Net Profit After Tax of $61 million for the 2018 financial year. The company ramped up five critical projects during the year: Wodgina in Australia, Subika in Ghana, Yanfolila in Mali, Boungou in Burkina Faso and Mako in Senegal. The company acquired stakes in HiSeis, resource definition business and in Chrysos, a mineral ore assessment company. It sold its telecom business segment, Diamond Communications to Power Lines Plus. The company targets leveraging growth opportunities to establish itself as a Tier1 global miner.

Bingo Industries Limited (ASX: BIN)

Australia’s waste management and recycling company, Bingo Industries Limited was noted as the second-best performer on ASX 200 today, reporting an impressive gain of 7.39%, settling the day’s trade at a share price of A$2.18 with a market capitalization of A$1.18 billion. With a performance change of 21.79% since its inception, BIN stock offers a YTD return of 11.23% till date.

On 8 January 2019, the company offered an undertaking to ACCC to divest its waste processing facility in Banksmeadow addressing its alarm of proposed acquisition of Dial A Dump Industries as announced on 21 August 2018. Bingo Industries declared 44.5% jump in Net Revenue to $303.8 million in FY18. The Pro forma EBITDA stood at $93.7 million, with CAGR of 60.4% between FY16-FY18. The Pro forma NPAT increased by 42% to stand at $45.6 million for the financial year. The group was able to maintain ROCE of 20%. The company increased its network capacity to 2.2 million tpa across NSW and VIC, with the aim of expanding it to 3.4 million tpa by 2020 end. The company invested more than $150 million in recycling infrastructure, with the segment contributing more than 50% to the annual EBITDA.

NIB Holdings Limited (ASX: NHF)

The shares of the financial company, NIB Holdings Limited posted a gain of 3.475% today, closing the day’s trading session at A$5.360 as compared to the previous close of A$5.180. The company is currently trading at the earnings multiple of 17.620x with Earnings per share at A$0.294. The NHF stock offers a negative return of 21.52% since a year; however the share price has risen by 5.93% over last one month.

NIB Holdings declared an Underlying Statutory Profit of $184.8 million, representing an upside of 20.2%. Earnings per share stood at 29.4 cents for the financial year as compared to 27.2 cents in the previous year. Net Investment income grew by 3.5% to $29.6 million in FY18. Net Profit after tax of $133.5 million was recorded in the annual financial statements. The company established its new business in China with its partner Tasly and aimed to further expand its global presence beyond Australia and New Zealand. The company is targeting to launch its first health insurance product in 2HFY19.


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