With markets continuing to decline and close at a level of 5837, few of the stocks that showed up to be green and became the talking point are discussed herein. These stocks are from health care, metals and mining, industrial or consumer staples sector. Let’s discuss them without any delay.
BIOTRON LIMITED (ASX: BIT) – A capital raising of $1.4 million after costs in the second half of the financial year, by way of an underwritten renounceable rights issue the company completed. The company reported a net loss after tax from ordinary activities of $1,593,645 down by 48.48 percent. Also, the cash and cash equivalents at the end of June 30, 3018 is of $1,543,002 which is lower compared to the cash of $1,987,384 in 2017. The stock of Biotron Limited traded at a market price of $0.260 trading near its 52-week high, as at October 15, 2018, and over the last twelve months period it has witnessed a performance change of a staggering 941.17%. The P/E of the stock is around 19.330 and the EPS is around 0.156 AUD which compares better among its industry peers.
AUSTRALIAN MINES LIMITED (ASX: AUZ) – In Western Australia, the company is offering up to 33,000,000 Shares at an issue price of $0.20 per Share to raise $6,600,000. Norwest Minerals has a portfolio of prospective base-metal and gold properties. To continue to upgrade the current Inferred Mineral Resource estimate at the Marriotts project and explore and drill the identified walk-up drill targets, complete further geophysical programs, the company will be using the funds raised to increase their exploration activities on its projects. From $4,638,766 in 2017 the cash and cash equivalents have increased to $8,984,625 in financial year ending June 30, 2018 making the company more solid. The stock of Australian Mines traded at a market price of $0.041 as at October 15, 2018, and over the last twelve months period it has witnessed a performance change of 86.36%.
WINMAR RESOURCES LIMITED (ASX: WFE) – Pursuing opportunities in cobalt and implementing a cobalt strategy, has been the main focus of the Company during the year ended 30 June 2018. The company made a loss for the year of $1,599,316 as compared to a loss of $2,016,510 in 2017. As at the end of financial year the cash reserves were $950,100 in 2018 as compared to 2017 cash of $478,498 which is an increase of $471,602 representing a healthy balance sheet. The company has no debt facility in the short or long term. The stock of Winmar Resources last traded at a market price of $0.024 and is currently under the suspended status, and over the last twelve months period it has witnessed a performance change of a staggering 1,100%.
FLUENCE CORPORATION LIMITED (ASX: FLC) – As confirmed in the full year guidance, group’s revenue in Q2 2018 doubled from Q1 2018. The group made sales from new local partners and is working on its China Growth strategy. It has presence in over 70 countries and aims to expand through various growth strategies. To supply Aspiral™ Smart Packaged wastewater treatment plants along the highway system under their scope, the company has signed today an exclusive partnership agreement with ITEST in central China. The cash and cash equivalents at the end of financial year June 2018 was at $40,560,000 representing healthy balance sheet. The stock of Fluence Corporation traded at a market price of $0.440 as at October 15, 2018, and over the last twelve months period it has witnessed a performance change of -37.41%.
THE A2 MILK COMPANY LIMITED (ASX: A2M) – To reach NZ $923 million, the a2 milk company had a revenue change of 68% in FY18. Because of which the company had an increase of EPS by 113% to $27c in the FY18x. As compared to the prior corresponding period, the company also posted EBITDA of $283 million which is up by 101%. With an operating cash flow of $231.1 million, company had a strong cash conversion which is up by 131% on prior corresponding period. The cash on hand increased from $121.0 million to $340.5 million up on prior year reflects efficient working capital and strong NPAT contribution. A2M has a P/E ratio of 36.110 and EPS of 0.248 AUD which compares higher to the peers. The stock of A2M milk traded at a market price of $8.880 as at October 15, 2018, and over the last twelve months period it has witnessed a performance change of 26.81%.
The Income available from dividends remains attractive for many investors.
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