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What is the need to consider Diversified Stocks?

If you want to maximize your return and play safe, you must consider the stocks from different sectors. Through diversification, the investors can reduce their risk on investments by allocating their resources in different investment classes and sectors.

If the investor invested all his money into one company’s stock and the stock falls, the investor stands to lose his money.

If one follows the famous saying which cautions investors from putting all investments in one basket, one can reduce the degree of risk on his asset allocation.

Let us have a look at the 10 stocks from different sectors along with their recent updates.

Gentrack Group Limited (ASX: GTK)

Gentrack Group Limited provides essential software for essential services. The company employs approximately 550 people in offices globally.

Director and CFO Resignation

On 13 December 2019, the company announced that James Docking has resigned as a non-executive director. This resignation is effective from 12 December 2019. In Succession, Darc Rasmussen has been appointed as a non-executive director. This appointment is effective from 12th December 2019.

The company also reported that Tim Bluett has resigned as CFO effective 31 January 2020. The search for new CFO of the company is underway.

To know about the company’s FY19 Financial Performance click here.

Stock Performance

On 16 December 2019, the stock of GTK was trading at $3.540, dipping by 0.84 per cent (at AEDT 12:54 PM).

Catapult Group International Ltd (ASX: CAT)

Australia based Catapult Group International Ltd provides elite athlete tracking technology (wearable) and corresponding sporting analytics.

Change of Director’s Interest

On 4 December 2019, the company has announced to change one of its director’s interest (Mr James Ventura Orlando) with effect from 27 November 2019. Mr Orlando holds 80,000 fully paid ordinary shares, 611,112 unlisted options and 154,412 performance rights after the change.

Stock Performance

On 16 December 2019, the stock of CAT was trading at $1.740, up by 0.578 per cent (at AEDT 12: 56 PM).

Charter Hall Group (ASX: CHC)

The company has more than 28 years of experience in fund management and property investments. The company has curated $38 billion+ portfolio consisting of 1100 high-quality properties.

Charter Announces Acquisitions $1.25 billion

On 12 December 2019, the company announced that $1.25 billion of acquisitions were secured. These were throughout the Platform and consisted of investment amounting to $840 million. This is in a new managed Partnership. This partnership is for acquiring a 49 per cent interest in a portfolio. The portfolio is of $1.7 billion and includes two hundred and twenty-five Convenience Retail assets leased to BP or BP Australia Pty Limited. This lease has a period of 20 years and is a WALE triple net lease.

CHC managed partnership would be owned 50 per cent by Charter Hall Long WALE REIT (CLW), 30 per cent by CQR and 20 per cent by CHC.

CLW was undertaking a $350 million of equity raising including an accelerated non-renounceable entitlement offer (ANREO). It is also complemented by a Placement. The company plans to subscribe for its maximum entitlement as part of the ANREO offer.

The company’s CEO commented:

The company’s FY20 earnings guidance continues to include $82 million for the CHOT performance fee with the total estimated fees payable in April 2020 of $132 million. When the CHOT performance fees is removed from FY19 & FY 20 earnings, OEPS guidance indicates a post-tax growth of ~ 24 per cent over FY19.

Stock Performance

On 16 December 2019, the stock of CHC was trading at $11.245, rising by 1.306 per cent (at AEDT 12: 57 PM).

EML Payments Limited (ASX: EML)

EML Payments Limited is a provider of payment card technology solutions. The company provides prepaid disbursement services and funded card programs. The company serves customers globally.

Change of Director’s Interest

On 11 December 2019, the company has announced to change one of its director’s interest (David Liddy) with effect from 6 December 2019. Mr Liddy purchased 160,000 ordinary shares holds 960,000 fully paid ordinary shares after the change.

Stock Performance

On 16 December 2019, the stock of EML was trading at $4.405, up by 2.204 (at AEDT 12: 58 PM).

Webjet Limited (ASX: WEB)

Webjet Limited is a leading provider of online travel services. The company is the fastest growing accommodation supplier to the wholesale travel industry with coverage in AMEA (Americas, Middle East and Africa), APAC and Europe.

Response to Media Speculation

On 11 December 2019, the company responded to media speculation. This was in response to expressions of interest in the company by prospective acquirers.

The objective of a company is to create value for its shareholder and time to time the company will consider acquisitions. The company continued to be focussed on implementing the growth strategy as communicated in the recent AGM in November 2019.

Stock Performance

On 16 December 2019, the stock of WEB was trading at $13.025, up by 1.758 per cent (at AEDT 12:59 PM).

Nearmap Ltd (ASX: NEA)

NEA captures the different sets of data about the real world. It is a location intelligence company. The company captures data of wide-scale urban areas in New Zealand, Canada and the United States.

NEA announces Acquisition of Roof Geometry Technology

On 12 December 2019, the company has announced that it has acquired intellectual property and technology and from Primitive LLC. The technology enables the company to extract and disseminate roof geometry. This can be performed rapidly from its wide scale 3D content.

The US$3.5 million of asset acquisition would accelerate growth opportunities. The acquisition also helps the company to further monetise its NextGen HyperCamera2 content.

Stock Performance

On 16 December 2019, the stock of NEA was trading at $2.780, up by 5.703 per cent (at AEDT 1:00 PM).

Linius Technologies Limited (ASX: LNU)

Linius Technologies Limited is a technology company. LNU engaged in R&D of technology products with a focus on video virtualisation.

Change of Director’s Interest

The company has announced a change of one of its director’s interests (Gerard Bongiorno) with effect from 29 November 2019. Mr Bongiorno holds 16,654,764 fully paid ordinary shares and 20,000,000 restricted loan shares after the change.

Stock Performance

On 16 December 2019, the stock of LNU was trading flat at $0.028, (at AEDT 1:01 PM).

Zoono Group Limited (ASX: ZNO)

Zoono Group Limited is publicly listed on Australian Stock Exchange and specialises in manufacture and distribution of antimicrobial solutions. The company has developed many unique products over the past 7 years that enables the company’s distributors to earn maximum revenues.

ZNO Signs Deal with Chinese Group

On 10 December 2019, the company has announced that the cluster of leaders in Chinese agri-business and animal feed sector have agreed to jointly collaborate and form a new entity to act as company’s exclusive distributor for the animal health and agribusiness sector in China.

Zoono China International Trading Ltd is the newly formed entity. It was licensed by the company to sells its products to food producers and processors and farmers, in China by using its name.

The material terms of the new agreements are as follows:

Ø The agreement is initially termed for 10 years.

Ø Minimum purchase volumes 1st year is NZD$3.1 million including NZD 1million in instalment followed by NZD$4.6 million and NZD$9.3 million in 2nd and 3rd years respectively.

Ø Full payment for all products is required before shipping.

Stock Performance

On 16 December 2019, the stock of ZNO trading flat at $0.380, (at AEDT 1:02 PM).

BHP Group Limited (ASX: BHP)

BHP Group Limited is a leading metals and mining company. The company is headquartered in Melbourne, Australia and is listed on the Australian Stock Exchange.

BHP Concludes Minerva Gas Plant Acquisition

Recently, on 5 December 2019, the company announced the completion of the deal. The transaction was for intended for acquisition of the Minerva Gas Plant. It was acquired by the Casino Henry joint venture participants and was announced on ASX on 1 May 2018.

The few highlights from of the acquisitions are as below:

Ø The Plant is to be connected to Casino Henry gas operations.

Ø It likely to be completed by the middle of 2021.

Ø The processing capacity of Minerva Gas Plant is 150 TJ/day.

Stock Performance

On 16 December 2019, the stock of BHP was trading at $39.91, up by 1.423 (at AEDT 1:03 PM).

intelliHR Limited (ASX: IHR)

intelliHR Limited is engaged in development of innovative cloud-based management platform. The company updated in its annual report that the 6,167 contracted subscribers were added over FY2019

Results of Annual General Meeting

The company has declared the Annual General Meeting results held on 15 November 2019; below are the resolutions which are passed during the AGM:

Ø Remuneration Report

Ø Re-Election of Director - Alan Bignell

Ø Approval of Option Incentive Plan

Ø Approval of Performance rights Incentive Plan

Ø Approval of 10 per cent placement facility

To know about the company’s partnership with Aotal & Snaphire click here.

Stock Performance

On 16 December 2019, the stock of IHR was trading flat at $0.060, (at AEDT 1:04 PM).


Disclaimer

This website is a service of Kalkine Media Pty. Ltd. A.C.N. 629 651 672. The website has been prepared for informational purposes only and is not intended to be used as a complete source of information on any particular company. Kalkine Media does not in any way endorse or recommend individuals, products or services that may be discussed on this site. Our publications are NOT a solicitation or recommendation to buy, sell or hold. We are neither licensed nor qualified to provide investment advice.

Ø The agreement is initially termed for 10 years.

Ø Minimum purchase volumes 1st year is NZD$3.1 million including NZD 1million in instalment followed by NZD$4.6 million and NZD$9.3 million in 2nd and 3rd years respectively.

Ø Full payment for all products is required before shipping.

Stock Performance

On 16 December 2019, the stock of ZNO trading flat at $0.380, (at AEDT 1:02 PM).

BHP Group Limited (ASX: BHP)

BHP Group Limited is a leading metals and mining company. The company is headquartered in Melbourne, Australia and is listed on the Australian Stock Exchange.

BHP Concludes Minerva Gas Plant Acquisition

Recently, on 5 December 2019, the company announced the completion of the deal. The transaction was for intended for acquisition of the Minerva Gas Plant. It was acquired by the Casino Henry joint venture participants and was announced on ASX on 1 May 2018.

The few highlights from of the acquisitions are as below:

Ø The Plant is to be connected to Casino Henry gas operations.

Ø It likely to be completed by the middle of 2021.

Ø The processing capacity of Minerva Gas Plant is 150 TJ/day.

Stock Performance

On 16 December 2019, the stock of BHP was trading at $39.91, up by 1.423 (at AEDT 1:03 PM).

intelliHR Limited (ASX: IHR)

intelliHR Limited is engaged in development of innovative cloud-based management platform. The company updated in its annual report that the 6,167 contracted subscribers were added over FY2019

Results of Annual General Meeting

The company has declared the Annual General Meeting results held on 15 November 2019; below are the resolutions which are passed during the AGM:

Ø Remuneration Report

Ø Re-Election of Director - Alan Bignell

Ø Approval of Option Incentive Plan

Ø Approval of Performance rights Incentive Plan

Ø Approval of 10 per cent placement facility

To know about the company’s partnership with Aotal & Snaphire click here.

Stock Performance

On 16 December 2019, the stock of IHR was trading flat at $0.060, (at AEDT 1:04 PM).


Disclaimer

This website is a service of Kalkine Media Pty. Ltd. A.C.N. 629 651 672. The website has been prepared for informational purposes only and is not intended to be used as a complete source of information on any particular company. Kalkine Media does not in any way endorse or recommend individuals, products or services that may be discussed on this site. Our publications are NOT a solicitation or recommendation to buy, sell or hold. We are neither licensed nor qualified to provide investment advice.

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