4 Stocks Under Discussion - APT, PO3, FTT And DEG

  • Nov 20, 2018 AEDT
  • Team Kalkine
4 Stocks Under Discussion - APT, PO3, FTT And DEG

As the ASX falls further which was attributed to the technology sector slide with a poor session at wall street, some stocks found their way to investor’s eyes and came under discussion. Here are few stocks discussed below:

AFTERPAY TOUCH GROUP LIMITED (ASX: APT) – The stock came under discussion after the significant business developments in both Australia/New Zealand and the US markets. The company has otherwise reported a strong financial performance with revenue and other income generating $142 million up by 390% which is driven by significant increase in Afterpay underlying sales and a stable merchant margin. Resulting into EBITDA excluding significant items contributing $34 million up by 468% which was positively impacted by lower NTL% and higher NTM%. There is increase in debt which reflects the growth in drawn debt to support Afterpay underlying sales growth and A$50m bond issuance. The stock traded at a market price of $11.200 with a daily percentage change of 4.762% as at November 20, 2018. It has undergone a performance change of 63.33% over the past 6 months.

PURIFLOH LIMITED (ASX: PO3) – For specific markets with strong growth profiles, the company has achieved a key milestone in executing its license Agreement with Somnio Global Holdings LLC where PuriflOh becomes the exclusive global licensee for Somnio’s Free Radical Generator technology. The group has reported a net loss for the 12 months to the financial year ending 30 June 2018 of $645,453 which results from normal operating expenses of the company. The cash and cash equivalents at the end of the period June 30, 2018 increased to $133,803 from $6,281 in 2017. The company prepared a forecast which demonstrates that there will be sufficient funding to operate for a period that is not less than twelve months. The stock traded at a market price of $3.120 with a daily percentage change of 68.649% as at November 20, 2018 near its 52-week high. It has undergone a performance change of 277.55% over the past 6 months.

FACTOR THERAPEUTICS LIMITED (ASX: FTT) – The company recorded an after-tax loss of $4,756,980. Company’s cash and cash equivalents were $6,412,683 at 30 June 2018 and the company’s contributed equity at 30 June 2018 was $83,822,247. The number of ordinary shares of factor on issue was 834,335,633, as at 30 June 2018, and as at August the total number of share options on issue was 36,209,320. The Group has recorded a current asset surplus of $5,874,845 as compared to 31 December 2017 of $6,559,051, which confirms the ability to pay off short term obligations. To achieve the company’s key objectives i.e. delivery and completions of results of the Phase 2 study VF00102, directors are satisfied that adequate funding will be available. It has undergone a performance change of -92.50% over the past 6 months. No dividends were paid or declared since the start of the financial period. The stock traded flat at a market price of $0.003 as at November 20, 2018 near its 52-week low.

DE GREY MINING LIMITED (ASX: DEG) – To underwrite 37,500,000 listed options exercisable at 10 cents per option and expiring at the end of November 2018 resulting in $3.75 million the company has entered into an Underwriting Agreement with Taylor Collison Limited. An increase of 420% through the year, the company started the financial year with a share price of 4.4 cents and finished it at 18.5 cents. The consolidated loss after tax for the year ended 30 June 2018 was lower $2,476,951 as compared to 2017 loss of $3,218,897 and hence the basic loss per share for the year ended 30 June 2018 was lower too at 0.85 cents per share compared to 2017 loss of 1.91 cents per share. The company maintained a decent cash at hand as at June 30, 2018 of $1,147,538. The stock traded flat at a market price of $0.125 as at November 20, 2018 near its 52-week low. It has undergone a performance change of 212.50% over the past 60 months.


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