4 Stocks Up On The ASX Ladder - GEM, NUF, LLC and IGO

  • Nov 16, 2018 AEDT
  • Team Kalkine
4 Stocks Up On The ASX Ladder - GEM, NUF, LLC and IGO

With the hope of positive outcomes from the optimism of the US and China seeking resolution for the trade dispute, the ASX is expected to rise up. At times there is nothing wrong in letting go of the stocks which are market darlings, it is in fact better that market creates more opportunities while rising, for stocks to climb up the ladder. Some of them are discussed herein:

G8 EDUCATION LIMITED (ASX: GEM) – The revenue reported by the company against $368.3 million in the prior period was at $396.4 million which is 7.6% higher. From the previous corresponding year, the company’s underlying NPAT took a nosedive of almost 23.9% which affected the bottom line. CY18 is expected to deliver EBIT of $136-139m This is in line with market consensus and takes into consideration 2017 brownfields performance and wages performing in line with expectations. Earnings from prior year acquisitions are now expected to contribute an incremental $3-4m in EBIT in CY18 H2. The stock was last trading at a market price of $2.840 with a daily percentage change of 5.576% as at November 16, 2018. It has undergone a performance change of 8.47% over the past 6 months.

NUFARM LIMITED (ASX: NUF) – The company has announced that it is undertaking a $303 million fully underwritten pro rata entitlement offer which will help support the continuation of the company’s growth strategy in light of recent market uncertainty and ensure Nufarm remains in a strong position to manage short term balance sheet risk. A stronger balance sheet accommodates potential impacts resulting from the phasing of sales within FY19 and helps reduce risk associated with the working capital unwind. Nufarm will have 31 July 2018 pro forma net debt FY 2018 underlying EBITDA of 2.4x. Nufarm has delivered strong EBITDA growth and working capital improvements. The stock traded at a market price of $5.910 as at November 16, 2018. It has undergone a performance change of 20.59% over the past 60 months.

LENDLEASE GROUP (ASX: LLC) – The stock of Lendlease Group is trading at a PE of 9.280 x with market capitalization of $7.22 billion. To account for underperformance the company has witnessed in the financial position of its Engineering and Services Business, Sydney-based developer said Lendlease intends to make a provision of $350 million after tax. Up by five per cent Profit after Tax was $793 million from the previous financial year. The Group began the 2019 financial year in a strong financial position, cash and cash equivalents of $1.2 billion and gearing of eight per cent. The stock traded at a market price of $13.570 as at November 16, 2018. It has undergone a performance change of 19.23% over the past 60 months.

INDEPENDENCE GROUP NL (ASX: IGO) – Driven by significant contribution from Nova operation in its first year of commercial production, independence Group’s net profit after tax increased 210% to $52.7 million in FY18. For the period ended 30 June 2018, underlying EBITDA grew 125% to $338.6 million as total revenue and other income compared to $421.9 million in prior year increased to $780.6 million. This strong growth in revenue is attributed to rise in Australian dollar metal prices, Tropicana’s increased gold production, first ever commercial production at Nova and gain on sale proceeds of Jupiter mine. The stock traded at a market price of $4.610 as at November 16, 2018. It has undergone a performance change of 15.36% over the past 60 months.


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