3 Tech Stocks - ADA, DTZ And CPV

Adacel Technologies Limited (ASX: ADA)

Information technology company Adacel Technologies Limited (ASX: ADA) delivered revenues of A$23.8 million for the six months ended 31 December 2018, 6.4% lower than the previous corresponding period. Net Profit After Tax (NPAT) stood at A$1.45 million compared to $3.39 million in the previous corresponding period, reflecting the impact of the US Government shutdown.

Adacel is currently undertaking a CEO search that will include both internal and external candidates, as its former Chief Executive Officer Mr Gary Pearson resigned from his position effective 31 March 2019. The company further stated that the process is expected to take nearly four to six months, because of which an executive committee will lead the company until a permanent replacement.

As per the recently announced March 2019 Quarterly Rebalance of the S&P/ASX Indices, Adacel Technologies Limited has been removed from all ordinaries list with effect from 18 March 2019.

For Fiscal 2019, the Group expects a stronger second half with Profit before tax expected to be below FY2018 by between 21% to 32%.

ADA’s stock slipped by 4.698% to last trade at $0.710 on 5 April 2019.

Dotz Nano Limited (ASX: DTZ)

Dotz Nano Limited (ASX: DTZ) is into the business of manufacturing and distributing novel advanced material, used for anti-counterfeiting, tracing and other product-liability solutions.

For the year ended 31 December 2018, the Group reported a loss of $5.74 million compared to $4.73 million in 2017. The 2018 net cash outflows from operating activities stood at $4.44 million, taking cash on hand at the end of the period to $508,572 compared to $2.84 million as at the end of 2017.

The Group achieved its first customer sales contracts in January 2019 and the large scale government contracts win for fuel segment. It addresses the product protection and brand authentication for industrial products, premium consumer products, industrial fluids, and health & safety as $2.2 trillion of products are counterfeited.

DTZ’s stock last traded at A$0.078 with a market capitalisation of $14.66 million. Over the past 12 months, the stock has witnessed a negative price change of 30.00% including a plunge of 8.33% recorded in the last three months.

ClearVue Technologies Limited (ASX: CPV)

Smart building materials company ClearVue Technologies Limited (ASX: CPV) recently confirmed the delivery on its first commercial arm’s length sale to a third party, South African property development group, GrowthPoint Properties Limited. This underscores the expansion of the company’s footprint in the South African market.

The report further read that GrowthPoint Properties Limited, was planning to integrate ClearVue product into new Centurion, Pretoria headquarters for Exxaro Resources group. The project was completed in conjunction with green building electrical engineering consultants, Conscius Consultants.

CPV ‘s stock last traded at A$0.255 with a market capitalisation of $26.39 million as on 5 April 2019. The company got listed on the Australian Securities Exchange in May 2018, and since then the stock price has gone up by 28.57% including an up of 1.89% in the past three months.


Disclaimer

This website is a service of Kalkine Media Pty. Ltd. A.C.N. 629 651 672. The website has been prepared for informational purposes only and is not intended to be used as a complete source of information on any particular company. Kalkine Media does not in any way endorse or recommend individuals, products or services that may be discussed on this site. Our publications are NOT a solicitation or recommendation to buy, sell or hold. We are neither licensed nor qualified to provide investment advice.


Disclaimer
The content, including but not limited to any articles, news, quotes, information, data, text, reports, ratings, opinions, images, photos, graphics, graphs, charts, animations and video (Content) is a service of Kalkine Media Pty Ltd (Kalkine Media, we or us), ACN 629 651 672 and is available for personal and non-commercial use only. The principal purpose of the Content is to educate and inform. The Content 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 stocks of the company(s) or engage in any investment activity under discussion. Kalkine Media is neither licensed nor qualified to provide investment advice through this platform. Users should make their own enquiries about any investments and Kalkine Media strongly suggests the users to seek advice from a financial adviser, stockbroker or other professional (including taxation and legal advice), as necessary. Kalkine Media hereby disclaims any and all the liabilities to any user for any direct, indirect, implied, punitive, special, incidental or other consequential damages arising from any use of the Content on this website, which is provided without warranties. The views expressed in the Content by the guests, if any, are their own and do not necessarily represent the views or opinions of Kalkine Media. Some of the images/music 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/music used on this website unless stated otherwise. The images/music that may be used on this website are taken from various sources on the internet, including paid subscriptions or are believed to be in public domain. We have used reasonable efforts to accredit the source wherever it was indicated as or found to be necessary.
   
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