All Ordinaries Index: Five Stocks That Got Shuffled; CRN, SPO, LVT, AC8 And BYE Replace RND, RFG, BRN, BNO And GSW

  • Mar 11, 2019 AEDT
  • Team Kalkine
All Ordinaries Index: Five Stocks That Got Shuffled; CRN, SPO, LVT, AC8 And BYE Replace RND, RFG, BRN, BNO And GSW

On March 8th, S&P Dow Jones Indices announced its March 2019 quarterly rebalance of S&P/ASX Indices introducing a slew of changes to the constituents under its management, effective at the open of March 18th, 2019 as informed by the exchange.

The indices are designed to help investors gain insight into the performance of an asset class or a part of that asset class and also benchmark portfolio performance. The constituents of the index are periodically reviewed, to make sure that the hierarchy meets the pre-determined criteria of the respective index.

Of all the changes introduced in the ASX 300 index, the five stocks RND, RFG, BRN, BNO and GSW were removed. Below are the five stock additions to the index:

Coronado Global Resources Inc.

The Brisbane-based Coronado Global Resources Inc. (ASX: CRN) produces, commercialises and exports metallurgical coal through four key business divisions comprising Curragh, Buchanan, Logan, and Greenbrier. As of date, it's market capitalisation stands at AUD 2.84 billion, with ~ 966.57 million outstanding shares. With the end of the trading session on March 11th, the CRN stock’s sell-off price close at AUD 2.940, with no intra-day change and around 926.8k volume of shares traded. CRN has generated a positive YTD return of 7.56%. As per the full year financial results for 2018, the company posted revenue of $ 2.297 billion, up $ 17.6 million on prospectus and an EBITDA of $ 595.3 million, also up 17.6 million on the prospectus.

Spotless Group Holdings Limited

Spotless Group Holdings Limited (ASX: SPO) is based in Melbourne and offers facility management; cleaning; technical, engineering & construction services; asset management & maintenance; catering and hospitality; laundry management and others to multiple industries in Australia as well as New Zealand. The Group’s current market cap stands at AUD 1.66 billion, with ~ 1.1 billion outstanding shares. With the close of the trading session on March 11th, the SPO stock’s last sell-off price stood at AUD 1.525, up 0.99%, indicating an intra-day gain of AUD 0.015. According to the financial results for the half-year ended December 31st, 2018, the Group’s sales revenue from ordinary activities amounted to $ 1.457 billion, down 2.7% on the prior corresponding period and an EBITDA of $ 121.6 million, an increase of $ 107.9 million on pcp. Besides, the profit after tax stood at $ 39 million, up $ 78.6 million on pcp.

Livetiles Limited

LiveTiles Limited (ASX: LVT), headquartered in New York, the United States, develops and sells digital workplace software. As of date, the company has a market cap of AUD 267.75 million with ~ 653.06 million outstanding shares. With the end of the market session on March 11th, 2019, the LVT stock price last closed at AUD 0.450, edging up 9.76%, reflecting an intra-day rise of AUD 0.040. Around 1.44 million volume of shares were traded in total. Moreover, the LVT stock has also generated a positive YTD return of 20.59 %. As the company released its half-yearly financial results for the period ended December 31st, 2018, the annualised recurring revenue (ARR) amounted to $ 22.9 million, reflecting a staggering rise of 232% year-on-year. Upon incorporating the acquisition of Wizdom in February 2019, the pro-forma ARR is estimated around $ 30.9 million as at December 2018.

Auscann Group Holdings Ltd

Auscann Group Holdings Ltd (ASX: AC8) is based out of Joondalup, Australia and engaged in the research, development, cultivation, production and commercialisation of clinically validated cannabis medicines to patients across Australia. Currently, the Group has a strategic partnership with Tasmanian Alkaloids. The Group’s market cap stands at AUD 117.45 million, with ~ 309.09 million outstanding shares. At the end of market trading on March 11th, the AC8 stock price closed at AUD 0.380, with no intra-day changes and ~ 1.11 million volume of shares traded. The Group accumulated revenue from ordinary activities at $ 466.3k in the half-year ended December 31st, 2018, reflecting an increase of 261% on pcp. Besides, the net loss after tax attributable to members amounted to around $ 4.44 million, down 8% on pcp.

Byron Energy Limited

The Melbourne-based Byron Energy Limited (ASX: BYE) is engaged in development, exploration, and production of oil and gas properties. The company owns working interests in a couple of blocks situated in the Gulf of Mexico and transition zone, including the State Waters and adjacent coastline in the United States. It has a market cap of AUD 232.95 million with ~ 695.37 million outstanding shares. At the close of the trading on March 11th, the BYE stock’s last sell-off price stood at AUD 0.320, down 4.48%, indicating an intra-day fall of AUD 0.015. Besides, the BYE stock has generated a positive YTD return of 59.52%. The company recently closed on the USD 4.25-million acquisition of South Marsh Island Block 58, SM 58 E1 producing wellbore and the associated SM69E Platform and flowlines. For the quarter ended December 2018, the company’s net revenue stood at USD 7.7 million with net cash at bank of USD 6.1 million.


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