7 ASX Stocks trending up - APH, DSE, CWZ, KPO, MXR, AHL, MBK

We are discussing few diversified stocks in which investors have been showing interest in the recent past. Let’s have a look on the current updates of these stocks.

Australian Primary Hemp Limited (ASX: APH)

Australian Primary Hemp Limited is engaged in cultivation and manufacturing of hemp and related products across Australia.

Q1FY20 Financial Results Update: APH reported its three months cash flow for the period ending 30 September 2019 wherein the company reported net cash used in operating activities at $0.120 million and net cash used in investing activities at $0.016 million. The company reported net cash generated from financing activities at $5.119 million. The company reported cash balance of $5.592 million as on 30 September 2019.

The management of the company has guided estimated cash outflow for the next quarter wherein the business is expecting an expenditure of $0.341 million for product manufacturing and operating costs, $0.018 million for advertising and marketing, while staff costs and Administration & corporate costs are expected at $0.289 million and $0.230 million, respectively. The total estimated cash outflows are at $0.878 million.

Cash Flow Activities Q1FY20 Cash Flow Activities (Source: Company’s Reports)

Stock Update: The stock of APH closed at $0.270, down 1.818% on October 21, 2019. The number of shares outstanding for the stock is 69.53 million. The market capitalization of the stock is $19.12 million.

Dropsuite Limited (ASX: DSE)

Dropsuite Limited is a global cloud software platform which provides backup services via cloud technology to 100 countries across the globe. The company has collaborations with leading IT companies like GoDaddy, Ingram Micro etc.

Strategic Partnership with 1&1 IONOS, World’s Largest Hosting Provider: The company has collaborated with 1&1 IONOS and the partnership has already resulted in generation of annualized recurring revenue (ARR) for the company.

As per the recent update from the management, the company has installed its fully integrated 1&1 IONOS platform to the company’s database, which is available to the customers.

The company reported that it has successfully enhanced its ARR and has witnessed ~15% higher ARR in September 2019 at $4.46 million compared to June 2019.

Stock update: The stock of DSE closed at $0.052, up 44.4% on account of collaboration news with 1&1 IONOS as on 18 October 2019. The stock has a market capitalization of $25.67 million. The stock has generated ~67.74% and around ~36.84% returns during the last three-months and six-months, respectively.

Cashwerkz Limited (ASX: CWZ)

Cashwerkz Limited engaged in online cash management marketplace in term deposits and with its At Call accounts. The company specializes in funding activities to over 49 Authorized Deposit taking Institutions and several financial advisers and investors.

Q1FY20 Operational Updates:

  • During Q1FY20, the Company witnessed 8.03% rise in total inflows from the Q1FY19 financial year to the first quarter FY20 at $578 million. Net inflows of the Business came in at $439k, depicting a further stabilization of the company’s position for growth.
  • The company witnessed stable volume of funds on the platform held till maturity which remains at approximately $1.02 billion as on 30 September 2019.
  • The company reported steady customer client loyalty with a customer retention level of ~72% during the quarter.
  • The company reported 49 authorized deposit taking Institution (ADI) as their operating partners while the business witnessed joining of new partners to the platform which includes neo-banks Judo Bank and 86400, as well as Bank Vic, Community First Credit Union, Mega International Commercial Bank and RACQ Bank.

Stock Update: On October 21, 2019, the stock of CWZ closed at $0.220 with a market capitalization of $36.77 million. The stock has delivered negative return of ~11.54% and positive return of ~15% during the last three months and six-months, respectively.

Kalina Power Limited (ASX: KPO)

Kalina Power Limited provides power solutions for energy efficiency and geothermal projects. Recently, the company reported that one of its management named Mr. Alwyn Davey has resigned from the post of Company Secretary on 14 October 2019.

FY19 Key Highlight for the year ended 30 June 2019: KPO reported its FY19 financial numbers wherein the company reported loss of $5.16 million as compared to loss of $5.02 million on FY18. Employees and benefits expenses stood at $1.94 million as compared to $4.15 million in previous corresponding period. The company reported cash at $1.028 million, total assets at $1.125 million and net assets at -$1.73 million as on 30 June 2019.

Stock update: The stock of KPO closed at $0.050 on October 18, 2019 and the market capitalization of the stock stands at $36.26 million. The stock has generated ~127.27% and around 284.62% returns during the last three-months and six-months, respectively.

Maximus Resources Limited (ASX: MXR)

Maximus Resources Limited is engaged in exploration and toll milling services of several minerals like gold and other minerals. Recently, as per a press release, the company is planning to re-introduce exploration across Spargoville tenements. As per the announcement, it has acquired the above exploration data from a SAM Survey conducted at the north of the Wattle Dam Pit.

FY19 Financial Update for the year ended 30 June 2019: Maximus Resources Limited reported its FY19 financial numbers wherein the company reported revenue of $6,806 as compared to $6,597 in previous year. The Company reported loss of $2,107,283 as compared to a loss of $1,410,844 on FY18. On the balance-sheet front, the cash and cash equivalent stood at $160,682, while exploration and evaluation stood at $2,775,089 followed by total assets at $6,856,080. The company reported net cash used in operating activities at $1,920,497 and net cash used up in investing activities at $267,692.

Balance Sheet

FY19 Balance Sheet (Source: Company’s Reports)

Stock update: The stock of MXR closed at $0.076 with a market capitalization of $2.65 million on October 18, 2019. The stock has generated -1.30% and around -33.91% returns during the last six-months and one year, respectively.

Ahalife Holdings Limited (ASX: AHL)

Ahalife Holdings Limited generates revenue by selling of premium lifestyle and design products across multiple e-commerce platforms.

FY19 Key Operating Highlights for the year ending 30 June 2019: The Company came up with the flowing updates:

  • AHL successfully completed its acquisition of Design Milk and an $2.3 million capital raise during Q4FY19.
  • The company has started integrating Design milk into its core business while the company tends to benefit from the growing ad revenue.
  • The company is focusing to innovate its tech and operational platform which will result in a significant shift for the business.

Stock update: on October 21, 2019, the stock of AHL closed at $0.013, down 7.143% with a market capitalization of $14.13 million. The stock has generated 133.3% and around 100% returns during the last three-months and six-months, respectively.

Metal Bank Limited (ASX: MBK)

Metal Bank Limited is engaged in mining and exploration business and the objectives of the business is to continue its exploration activities.

FY19 Key Operating Highlights for the year ending 30 June 2019: MBK reported revenue of $41,781 as compared to $53,694 in previous corresponding period. The company reported total comprehensive loss of $425,026 during FY19 as compared to a loss of $779,139 during FY18. The company reported cash and cash equivalents of $1,753,685, total assets of $10,650,105 and net assets of $10,416,762 as on 30 June 2019.

Stock update: On October 21, 2019, The stock of MBK closed at $0.013 with a market capitalization of $11.48 million. The stock has generated 85.71% and around 62.50% returns during the last three-months and six-months, respectively.


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