7 Stocks Seeking Attention – GXY, WKT, SYT, A2M, ADT, OGX and ESH

  • Aug 30, 2018 AEST
  • Team Kalkine
7 Stocks Seeking Attention – GXY, WKT, SYT, A2M, ADT, OGX and ESH

GALAXY RESOURCES LIMITED (ASX: GXY) - Due to concerns over the large amount of new lithium supply hitting the market and because of the fall in Chinese spot price by 30 percent for lithium carbonate with 99.5 per cent purity, the stock prices of GXY were slammed to $2.860 down by -2.389%. The US $280 million agreement between Posco and Galaxy Resource Limited would earn GXY proceeds that would be used to fund its Sal de Vida project in Argentina. The stock has however, undergone a performance change of 70.39% over the past 12 months. The P/E of the company is 7,325 which is associated to higher growth in the future. The company expects the supply surge from two new Australian lithium mines.

WALKABOUT RESOURCES LTD (ASX: WKT) - The company has very low opex and capex due to high grade as less tons are processed for the same output. The company has cash in hand at around A$ 5.2 million as at August 2018. The company exercised its fixed price call option on 30% of license PL 9992/2014. For the period ended 31 December 2017, the company reported loss after tax of $867,896. The company has an EPS of -0.008 AUD which is related to the profits of the company. The current market capitalization stands at $37.93 million. In the last week the stock fell -3.45% but has gained 40.00% over the period of 1 year. 

SYNTONIC LIMITED (ASX: SYT) - The company is ready to acquire 100% of the assets of Zenvia Mobile Servicos Digitais S.A. which is the unit of its m-commerce business. Synotic paid US$700,000 purchase price while an earn-out of 20% of the first $21.5 million will be entitled to Zenvia. To enable Vodacom to deploy a sponsored data advertising business using Freeway’s platform services, Syntonic executes service agreement with Vodacom Group Limited. Up 11% on last year’s pcp Syntonic received record quarterly cash receipts of $658,869. Cash balance of the company is currently at $5.02 million for the period ending June 30, 2018. Due to a reduction of Verizon data-free service activations during the quarter, the revenue of A$399,665 recognized in Q4 FY 2018 didn’t trail with the installed base growth.

THE A2 MILK COMPANY LIMITED (ASX: A2M) - The company has gained traction in both the biggest consumer market of US and China; however, in the UK it is tough to gain distribution scale. In the year 2018, revenue from the a2 Platinum formula was up to $NZ724.2 million nearly 84 percent rise while milk sales climbed to $NZ142.4 million up by 13 percent. The group will lift its shareholdings in ordinary shares of Synlait Milk Limited from 9.11% to 17.39%. The increased investment represents a strong relationship and long-term commitment of both organisations. The group revealed that it will acquire extra 8.3 per cent of the fully paid ordinary shares through its subsidiary in Synlait Milk for NZ $14,840,527. Further, the group is eyeing the stake from Mitsui & Co at a price of NZ $10.90 per share; and this would be for the total consideration of about NZ $161.8 Mn. This will be a modest discount to the NZX one-month volume weighted average price of NZ $11.16.

ADRIATIC METALS PLC (ASX: ADT) - For a major land expansion to its existing Concession Agreement, at its 100% owned Vares Project in Bosnia and Herzegovina, Vares Municipal Council has approved Adriatic’s application. As at July 30, 2018 the company has around $10 million in cash. With 4 drills operating in August 2018 exploration program is underway. The stock is trading at a market price of $0.430 and in the last week had fallen by -6.33% but has gained 105.56% over the past 3 months. The market capitalization of the company is 48.39 million. As of now the company has no dividend declared for the year.

ORINOCO GOLD LIMITED (ASX: OGX) – The company recently completed maiden drilling campaign at Antena and achieved excellent results. At the same time the company also confirms 200m down-plunge extension to Antena View mine and 300m down plunge extension to the historic Xupé mine. Although a 13-hole program does not give the Antena Cluster justice, but the company considers it as a decent start. Currently the company has cash and cash equivalents at around $3.013 million for the period ending June 30, 2018. The stock has been losing value by 1.85% over the past 1 year. The company has a negative EPS of -0.023 AUD and has no dividend declared during the year.

ESPORTS MOGUL ASIA PACIFIC LIMITED (ASX: ESH) – The company does not intent to pay any dividends during the current period ending June 30, 2018. The revenue from ordinary activities for the period ending June 30, 2018 is $57,820 which is down 6.4% from the prior corresponding period. The net loss after tax of the consolidated entity for the half year ended June 30, 2018 is $1,694,392.  For the Thailand Dota 2 qualifiers for Singtel’s PVP Esports Championship, Mogul Arena is the platform provider. It’s estimated that there are currently 2.2 billion gamers across all platforms globally, and ‘Esports’ is one of the fastest growing industries in the world with the total video game market size estimated to be US$116 billion in 2017.

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