After ending the week lower due to a global sell off, the Australian shares dragged to close the index at 5665. There were few stocks which became the talking point in the market. Let’s take a look at this mixed bag of diversified stocks without further ado.
AMP LIMITED (ASX: AMP) – For the 1H 2018, the management of the company reflected positive view on the results. As per the management, despite the impact the group had owing to Royal Commission, the company is still in a strong position to encounter the challenges it might face moving forward. AMP’s business profitability is a going concern and EV/EBITDA has been quite high around 21. Effective 1 December 2018, the corporate front, Francesco De Ferrari is joining the group as CEO. The stock has a price to earning ratio (P/E) of 13.890 and earnings per share (EPS) of 0.180 AUD which compares better among the peer basket. The stock declined by -4.8% as at October 26, 2018, to trade at a market price of $2.380. The stock has seen a performance change in the last one year of -50.50%.
FLUENCE CORPORATION LIMITED (ASX: FLC) – The Group’s revenue from Q1 2018 has doubled in Q2 2018 and has confirmed its full year guidance. The group has even made sales from new local partners and is working on its China Growth. The company reported a revenue of US$29.0 million which was up 28% on Q2 2018 and up 140% on Q3 2017. First EBITDA-positive quarter with US$0.5 million reflects higher Q3 revenues and further cost efficiencies being realized. Net Cash used from Operating Activities in Q3 2018 was US$12.9 million, while cash and cash equivalents were US$23.1 million at 30 September 2018. The stock declined by -2.151% as at October 26, 2018, to trade at a market price of $0.455. In the six months the stock has seen a performance change of 14.81%.
FORTESCUE METALS GROUP LTD (ASX: FMG) – Revenue declined 18% to US$ 6,887 mn in FY18, compared to US$ 8,447 mn in FY17 as the average iron ore price dropped in FY18 but is now picking up. On-market share buy-back program for up to A$500 million, during the quarter Fortescue announced the establishment. Full year C1 cost and shipping guidance is unchanged at US$12-13/wmt and 165-173mt. The P/E of 9.540 and EPS 0.382 represents outperformance among the peers. The company also has an attractive dividend yield of 6.32% for the year. The stock surged by 5.22% as at October 26, 2018, to trade at a market price of $3.830. The stock has seen a performance change since inception of 5.33%.
AVZ MINERALS LIMITED (ASX: AVZ) – The revenue of the company increased from $20,432 in 2017to $169,121 in 2018. At the end of the year June 30, 2018, the company had a cash and cash equivalents balance of $16.34 million with zero or no debt representing a healthy balance sheet. The earnings per share (EPS) of -0.003 AUD restrains the profitability of the company. New work has commenced on 5Mtpa and 10Mtpa scoping studies for the Manono lithium project. As at October 26, 2018, the stock of AVZ Minerals traded at a market price of $0.071 which is very close to its 52-week low and expectations are of a rebound, it has seen a performance change of 80.23% over the past 10 years.
BARD1 LIFE SCIENCES LIMITED (ASX: BD1) – As compared to June 30, 2017 of $257,937, the net assets of the consolidated entity at 30 June 2018 totaled $1,130,487. Total assets at 30 June 2018 totaled of $1,453,137 and 30 June 2017 of $726,896. The consolidated entity had increased cash and cash equivalents of $1,445,657 as at 30 June 2018 for operational and investing activities, as compared to 30 June 2017 of $650,051 with no debt facility. Board recommended no dividend has been declared, provided for or paid in respect of the current year or previous year. The stock has an earnings per share of -0.003 AUD As at October 26, 2018, the stock of Bard1 traded at a market price of $0.035 expectations are of a rebound, it has seen a performance change of 80.23% over the past 10 years.
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