The markets are on the upswing with the heavy weights leading the index. Few stocks worth noting in this uptrend and are doing well lately have been mentioned in this article.
WISETECH GLOBAL LIMITED (ASX: WTC) – It is a provider of software solutions which recently appointed Andrew Harrison as independent Non-Executive Chair. The company reported EBITDA which went up by 45% for FY18 in comparison to prior year, while a revenue growth of $221.6 million for FY18 which is up by 44% compared to FY17 was noted. Also, given the healthy global business performance the NPAT was up by 28%. Over the period of 5 years period from FY 14 and FY 18, the company had a 41% CAGR. With low customer attrition company has a powerful growth. The company has made a commitment of FY19 approximately $100 million in innovation and development. As at September 11, 2018, the stock went up at a market price of $22.330 which is a percentage change of 6.74%. In the last one year, the stock has noted a performance change of 151.14%.
WHITEHAVEN COAL LIMITED (ASX: WHC) – It is a coal mining and exploration company and recorded full year net profit of $525.6 million, up 30%. WHC recorded EBITDA of $940 million which is up by 32% on PCP. The company is a leading producer of high quality coal from the Gunnedah Basin i.e. high Calorific Value (CV) and low ash and Sulphur. A final dividend of $0.27 per share has been declared with payable date of September 13, 2018. The recent purchase of the Winchester South metallurgical coal project in Queensland provides another growth opportunity beyond Vickery project. The safety performance is mainly attributed to the increase in production. As at September 11, 2018, the stock went up at a market price of $5.060 which is a percentage change of 4.979%. In the last one year, the stock has noted a performance change of 38.11%.
AFTERPAY TOUCH GROUP LIMITED (ASX: APT) – The company is a retail payment provider and so far, it has seen rise in share price immediately corresponding to the successful capital raising of $117 million in support of its international expansion plan. The company has shown strong financial performance with revenue and other income at $142 million up by 390% while EBITDA excluding significant items was $34 million. The company saw an increase from $17.6 million (FY 17) to $85.7 million (FY 18) in the gross profit. And the recent good news of acquiring ThinkSmart’s ClearPay did seem to interest investors for too long. As at September 11, 2018, the stock went up at a market price of $16.900 which is a percentage change of 4.904%. In the last one year, the stock has noted a performance change of 316.28%.
BAPCOR LIMITED (ASX: BAP) – It is the distributor of automotive parts; the speculations are that $1.99 billion Bapcor was likely a candidate to acquire the Kmart Tyre and Auto business but dropped out in the last 24 hours. As evidenced by its acquisitions that have been made since its ASX listing in 2014, Bapcor has a very disciplined acquisition process. The full year results for the company were announced on August 22, 2018, for the year ended July 30, 2018. The revenue is up by 22% to $1,237m from continuing operations while the NPAT was up by 32% to $86.5 million. Because of this the earning per share is also up by 27% to 30.99 cps. As at September 11, 2018, the stock went up at a market price of $7.405 which is a percentage change of 1.997%. In the last one year, the stock has noted a performance change of 34.44%.
NEXTDC LIMITED (ASX: NXT) – It provides data center facilities, and for the year ended 30 June 2018, the company’s revenue was ahead of its guidance range, recording an increase of $37.98 million to a total of $161.52 million. Driven by ecosystem growth and new facility developments taking an advantage of higher density requirements, the underlying EBITDA increased to $62.6 million from $49.0 million in previous year. Capital expenditure of $285 million laid well below the underlying guidance range of $307-$327 million. Contracted utilization has also gone up by 28% to 40.2MW, including highest utilization of 15.2 MW from Sydney’s S1 development. However, profit after tax has declined from $23.0 million in FY17 to $6.6 million due to rising energy costs and other cost associated with facility expansions. As at September 11, 2018, the stock went up at a market price of $6.130 which is a percentage change of 4.966%. In the last one year, the stock has noted a performance change of 24.52%.
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.