4 Stocks On The Uptrend - EVO, ABV, FMS, TTL

  • Apr 10, 2019 AEST
  • Team Kalkine
4 Stocks On The Uptrend - EVO, ABV, FMS, TTL

Australian stock market closed in green today, with ASX 200 closing at 6223.5, up by 0.027%. Below are four stocks which are on uptrend recently:

Evolve Education Group Limited

Evolve Education Group Limited (ASX: EVO), is based out of Auckland, New Zealand, and provides early childhood education (ECE) services. To date, Evolve Education’s market capitalisation is around AUD 53.94 million with ~ 179.8 million outstanding shares. On April 10th, 2019, the EVO stock price opened at AUD 0.330, made a high of AUD 0.380, before ending the day’s session at AUD 0.300 with ~ 1.35 million shares traded. EVO’s last five days’ return stands positive at 53.13%.

Recently, Evolve Education confirmed that its earnings guidance for the financial year ended March 31st, 2019 will remain as prescribed at the time of the release of the half-year results in November 2018. Accordingly, the underlying EBITDA was expected between $ 12 million to $ 14 million. In addition, the Group informed that its Board had commenced a capital management review in November 2018. The development of the strategy once completed will be revealed to the market. As of December 31st, 2018, the group had net assets to the value of $ 125.74 million, including cash and cash equivalents of $ 1.8 million.

Advanced Braking Technology Limited

Advanced Braking Technology Limited (ASX: ABV), based in Wangara, Australia, is engaged in the development, design, manufacturing and commercialisation of high-performance brakes to the automotive, transport and mining industry. It also offers installation and maintenance services.

Advanced Braking Technology’s current market cap stands at AUD 2.97 million with ~ 297.05 million outstanding shares. On April 10th, 2019, the ABV stock price surged by 20% to AUD 0.012 with the close of the trading session. Recently, Mr Keith Knowles purchased new ordinary shares and increased his voting power to 12.25% (from 7.12%) in the company.

According to the half-year accounts for the period ended December 31st, 2018, the company recorded an operating revenue of $ 3.275 million and gross margin of 39%. The net cash and cash equivalents stood at $ 1.03 million including cash inflows of $ 1.28 million from financing activities.

Flinders Mines Limited

Flinders Mines Limited (ASX: FMS), based in Perth, Western Australia, explores and develops iron ore deposits. Currently, it is primarily focussing on the Pilbara Iron Ore Project. Besides, the company has interest in the diamond and phosphate deposits of South Australia and the Northern Territory.

To date, Flinders Mines market capitalisation is valued at ~ AUD 135.92 million with ~ 3.49 billion outstanding shares. The FMS stock price closed the market trading on April 10th, 2019 at AUD 0.043, shooting up 10.26% by AUD 0.004 and ~ 1.85 million shares traded. FMS has also generated a YTD return of 8.33%. On the same day, the company informed that its Board has resolved to withdraw its revised delisting application dated March 19th, 2019, to the Australian Securities Exchange following the views expressed by shareholders. It is now reconsidering its future strategy and update the market accordingly.

Flinders released its half-year report for the period ended December 31st, 2018, posting the loss after income tax at $ 3.41 million. The company closed the six months with net assets of $ 61.67 million including net cash and cash equivalents of $ 2.82 million.

Transcendence Technologies Limited

Transcendence Technologies Limited (ASX: TTL) is a Perth, Australia based company engaged in developing communication platforms and data systems for linking multi-source data to support decision making across many industry sectors. As of date, TTL’s market cap stands at AUD 2.43 million. With the end of the trading session on April 10th, 2019, the TTL stock price closed at AUD 0.015, soaring by 7.14% with around 1.52 million shares traded.

For the month of February 2019, the company reported net cash in hand of AUD 1.34 million, down on $ 1.37 million in the prior month. On March 28th, 2019, Transcendence Technologies released its half-yearly financial results for the period ended December 31st, 2018, posting the revenue and loss from ordinary activities at $ 11,376 and $ 400,267 respectively. During the period, the company continued to review of the commercial viability of the E-Collate business model and platform and signed a Collaboration Agreement with Prime X Connect Pty Ltd, a digital marketplace for wholesale red meat that connects International buyers and sellers.


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