Stocks That Soared High – DLX, BKL, VOC

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Stocks That Soared High – DLX, BKL, VOC

 Stocks That Soared High – DLX, BKL, VOC

Below are few stocks that ranked among top gainers today-

DuluxGroup Limited

DuluxGroup Limited (ASX: DLX), headquartered in Clayton, Australia, manufactures, commercialises and distributes paints, coatings, adhesives, and garden care and other building products in Australia, New Zealand, Papua New Guinea, South East Asia, China, and the United Kingdom. On April 17th, 2019, the DLX stock price zoomed up 27.12% to AUD 9.750 with ~ 13.9 million shares traded at the close of the trading session and also recorded a 52-week high of AUD 9.870 during midday.

On the same day, DuluxGroup announced that it had entered into a Scheme Implementation Deed with Nippon Paint Holdings Co., Ltd, under which Nippon has proposed to acquire 100% of DuluxGroup shares for $ 9.80 each in cash by way of a Scheme of Arrangement, inclusive of $ 0.15 per share interim dividend. The cash price represents a 27.8% premium to DuluxGroup’s closing price of $ 7.67 on April 16th, 2019 and a 32.7% premium to the 1-month VWAP of $ 7.39.

As per the full-year results for 2018, the Group’s sales revenue amounted to $ 1,843.7 million, up 3.3% on the prior year and an EBITDA of $ 257.7 million, up 5% on $ 245.5 million recorded in 2017.

Blackmores Limited

The Sydney-based Blackmores Limited (ASX: BKL) is engaged in the development and commercialisation of natural health products for humans and animals in New Zealand, Australia as well as Asia. The BKL stock price soared by 6.45% to AUD 94.0 on April 17th, 2019 with ~ 198,004 shares traded at the end of market trading. Meanwhile on the same day, Blackmores’ Director Christine Holman acquired 1,500 new ordinary fully paid shares (Indirect interest) via Holman Investment Group Pty Ltd at a cash consideration of $ 133,783.11.

Blackmores also recently announced its results for the quarter ended March 31st, 2019 (Q3), posting the net profit after tax at $ 10 million, down 43% and profit for the first nine months of FY2019 at $ 44 million, down 14% compared to the prior corresponding period (pcp), with revenue of $ 460 million, up 6% on pcp. Amidst a challenging period, the company initiated a business improvement program to streamline the business and target $ 60 million in efficiencies over three years. While the sales in China were up 19% in the quarter (compared to pcp), the revenue in Australia and New Zealand reduced by 26% (on pcp) to $ 54 million.

Vocus Group Limited

Vocus Group Limited (ASX: VOC), established in 2008 and is based in Melbourne, offers integrated telecommunications services in New Zealand and Australia. On April 17th, 2019, the VOC stock price zoomed up by 4.043% to AUD 3.860 with ~ 3.52 million shares traded with the close of the trading session after reaching a 52-week high of AUD 3.895 midday. VOC’s YTD return also stands positive at 20.85%.

Recently, Vocus Group’s Director David Stoddart Wiadrowski purchased around 16,000 new ordinary shares (now holding 19,000 ordinary shares) of the company at a cash consideration of $ 11,040. Besides, The Goldman Sachs Group, Inc. on behalf of itself and its subsidiaries also increased its shareholding in the company to 6.69% (from 5.63%).

As per the H1 FY19 financial results, the Group recorded a revenue of $ 974.2 million, up 15 on pcp, with an underlying EBITDA of $ 170.7 million, down 105 on pcp. Besides, the underlying net profit after tax amounted to $ 48.8 million. Vocus Group closed the half year with cash and cash equivalents of $ 56.396 million as od December 31st, 2018.


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