Few of the stocks that were seen in green with the index S&P/ASX 200 on the back of modest gains from several heavyweights, the stocks from an array of sectors are discussed in this article.
ST BARBARA LIMITED (ASX: SBM) – Consolidated gold production was 98,547 ounces and is on track to meet FY19 guidance of 350,000 to 375,000 ounces. According to the recent group release, the consolidated gold production recorded 85,885 oz in Q3FY18 from 99,509 oz in Q2FY18. Because of single low-severity recordable injury, the Total Recordable Injury Frequency Rate (TRIFR) increased from 2.4 to 2.6 in Q3FY18 from the previous quarter. With the available Cash balance as at Q1 September 2018 of A$350 million after payment of income tax of $6 million, dividends of $28 million, and further investment in Peel Mining Ltd of $3 million during the September quarter and no debt facility the company represents a healthy balance sheet. As at October 5, 2018 the stock of St. Barbara Limited traded at a market price of $3.675 and has seen an attractive rise of 35.41% over the last one-year period.
CARSALES.COM LIMITED (ASX: CAR) – The company reported a revenue of $444 million up by 19%, as solid full year result with the Group delivering pleasing growth against last year across all key financial metrics with reported EBITDA up by 16% to $205 million and Adjusted NPAT up by 10% to $131 million whilst continuing to invest in future growth priorities. Excluding the impact of the acquisition of SK Encar, Revenue and EBITDA growth of 12% and 8% respectively. Car sales continues to demonstrate consistent solid returns to its shareholders and FY18 Adjusted NPAT growth rate is the highest in the last four years. As at October 5, 2018 the stock of CARSALES.COM Limited traded at a market price of $14.540 and has seen a rise of 11.02% over the last one-year period.
PACT GROUP HOLDINGS LTD (ASX: PGH) – The company had undergone significant EBITDA impact of $13 million from higher input costs with financial results of EBITDA up by 2% which is at $237 million. In line with the expectations, there was strong revenue and earnings growth from strategic initiatives. The net debt has come down from $647 million in FY 17 to $599 million in FY 18. Final dividends were of 11.5 cps with total of 23.0 cps in line with prior guidance. The positive outlook and the changing management are driving the stock higher. As at October 5, 2018 the stock of Pact Group Holdings Limited traded at a market price of $3.545 and has seen a rise of 4.87% since the inception of the stock.
CYBG PLC Limited (ASX: CYB) – Offer for Virgin Money Holdings (UK) plc (‘Virgin Money’) gains CYBG shareholder Approval. The company delivered improved underlying profitability to £158 million in H1 2018 from £123 million in H1 2017. While current ratio and quick ratio came at 2.36x and 2.34x in 1HFY18, respectively ROE stood at 4.3% during the same period, for the first-half performance. Resultant to which, the board of director declared an interim dividend of 30 cents per share which is 60 percent franked and was paid on April 04, 2018, the company has a 50% payout ratio as per the medium-term guidance. Despite competitive environment sustainable balance sheet growth was seen. As at October 5, 2018 the stock of CYBG PLC traded at a market price of $5.840 and has seen a rise of 9.23% over the past one year.
WASHINGTON H SOUL PATTINSON & COMPANY LIMITED (ASX: SOL) – The company posted a regular profit after tax of $331.1 million which has come up by 17.4% from the prior corresponding period where WHSP considers regular profit after tax to be the better indicator of the underlying profit of the Group. The net increase in the regular profit was attributable to several investments materially increasing contributions. Directors have declared a fully franked final dividend of 33 cents per share, over last year’s final dividend of 32 cents per share which is an increase of 3.1% payable at December 10, 2018, for the full year ended 31 July 2018. As at October 5, 2018 the stock of WHSP SOL traded at a market price of $28.180 very close to its 52-week high and has seen a rise of 70.00% over the past one year.
The Income available from dividends remains attractive for many investors.
We take a look at the best yields on the market and assess what they say about a company’s prospect.
One Thing is certain, though, Australia interest rates are still low, making income difficult to come by and keeping the focus for many investors on high yielding stocks. Kalkine’s team of analysts bought you handpicked report for “Top 25 Dividend Stocks For 2018.”
ASX-relevant Special Reports are published year-round to provide a detailed analysis into an investing opportunity or a potential risk to your portfolio.
Click here to get your free report.
The advice given by Kalkine Pty Ltd and provided on this website is general information only and it does not take into account your investment objectives, financial situation or needs. You should therefore consider whether the advice is appropriate to your investment objectives, financial situation and needs before acting upon it. You should seek advice from a financial adviser, stockbroker or other professional (including taxation and legal advice) as necessary before acting on any advice. Not all investments are appropriate for all people. Kalkinemedia.com and associated websites are published by Kalkine Pty Ltd ABN 34 154 808 312 (Australian Financial Services License Number 425376). website), employees and/or associates of Kalkine Pty Ltd do not hold positions in any of the stocks covered on the website. These stocks can change any time and readers of the reports should not consider these stocks as advice or recommendations.
There is no investor left unperturbed with the ongoing trade conflicts between US-China and the devastating bushfire in Australia.
Are you wondering if the year 2020 might not have taken the right start? Dividend stocks could be the answer to that question.
As interest rates in Australia are already at record low levels, find out which dividend stocks are viewed as the most attractive investment opportunity in the current scenario in our report.