How Is The Needle Moving On These 3 Stocks - REA, MCY And OML

May 01, 2019 09:52 AM BST | By Team Kalkine Media
 How Is The Needle Moving On These 3 Stocks - REA, MCY And OML

Rea Group Ltd

REA Group Limited (ASX:REA), a subsidiary of News Limited and based in Richmond, Australia offers advertising services to the real estate industry in Australia and Asia via Websites and mobile apps. The Group’s market valuation stands at around AUD 10.52 billion to date with ~ 131.71 million outstanding shares. On 1st May 2019, the REA stock price closed the trading session at AUD 80.470, up 0.713%. REA has generated a YTD return of 7.59% so far.

Recently, the REA Group informed the shareholders that the results for the quarter ended March 31st, 2019 would be released on Friday, May 10th, 2019. On April 15th, the Group announced the appointment of Ms Janelle Hopkins as the new CFO. For the first half of 2019 ended December 31st, 2019, the Group posted revenue of $ 469.2 million, up 15% with an EBITDA of $ 289.1 million, up 19% on the prior corresponding period (pcp) ended December 31st, 2017. Besides, the net profit was around $ 176.6 million (+20% on pcp).

Mercury NZ Limited

Mercury NZ Limited (ASX:MCY), founded in 1998 and is based in Auckland, New Zealand, is engaged in the production, trading, and sale of electricity across New Zealand. The company’s current market valuation is around AUD 4.79 billion with ~ 1.36 billion standing shares. On April 30th, 2019, the MCY stock settled the day’s trading at AUD 3.500, dipping by 0.57%.

Mercury NZ recently upgraded its FY2019 EBITDAF guidance to $ 495 million from $ 515 million. This is attributable to Taupo area’s dry weather conditions causing expected 150 GWh-reduction in the forecasted annual hydro generation. The annual hydro generation is now forecasted at 4,000 GWh, consistent with the historic average. For the quarter ended March 31st, 2019, the company witnessed record spot prices and a 3% rise in the national demand coming from the industrial and irrigation sectors. The company is currently exploring renewable energy alternatives.

Ooh! Media Limited

Ooh! Media Limited (ASX: OML), based out of North Sydney, operates as an outdoor advertising business company in New Zealand and Australia and offers exposure to a larger audience via its out of home advertising spaces including format sites at the shopping centres, large format roadside billboards, airport terminals and others. With around 239.32 million outstanding shares, the OML stock closed the market trading at AUD 3.880, up 2.92 % as on 1st May 2019.

Ooh! Media recently released its Macquarie Australia Conference Presentation comprising the growth history where by the company started advertising on billboards in 1989 to now onto offices and street furniture. It also includes the importance of out of home media and a continued market growth dynamic whereby the revenue rose by 6% year-on-year to $ 14.97 billion in 2018. As per the outlook for 2019, Ooh! Media intends to meet customers’ needs with enhanced automation.


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