Stocks That Zoomed Up Today – WHC, TWE, NUF

  • Apr 18, 2019 AEST
  • Team Kalkine
Stocks That Zoomed Up Today – WHC, TWE, NUF

S&P ASX 200 closed it green today at 6259.8, up by 0.1%. The following stocks caught investors’ eye as they close higher on ASX with heavy trading volumes.

Whitehaven Coal Limited

Whitehaven Coal Limited (ASX: WHC), headquartered in Sydney, Australia, develops and operates coal mines in New South Wales. The company has a current market cap of AUD 4.3 billion with ~ 1.03 billion outstanding shares. On April 18th, 2019, the WHC stock price closed the market trading at AUD 4.460, up 6.44% with ~ 15.6 million shares traded.

On the same day, the Queensland Minister for State Development, Manufacturing, Infrastructure and Planning, The Honourable Cameron Dick and the Queensland Coordinator-General, Mr Barry Broe announced that the company’s Winchester South metallurgical coal project has been declared a ‘Coordinated Project’ under the State Development and Public Works Organisation Act 1971. The coal drilling has commenced on this project.

Whitehaven Coal recently released its March 2019 Quarter Production Report, informing that the safety performance remained well under the NSW coal industry average with Group TRIFR of 8.3. Besides, the quarterly ROM coal production was posted at 4.9Mt and the saleable coal production at 5.1Mt. Moreover, the coal sales, including purchased coal, of 6.0Mt for the quarter, were up 12% on the previous corresponding period (pcp).

Treasury Wine Estates Limited

Treasury Wine Estates Limited (ASX: TWE), based out of Melbourne, is a leading wine company in New Zealand, Asia, Australia, Europe, and the Americas. The company owns and leases around 9,099 planted hectares of vineyards and operates through brands comprising Wolf Blass, Chateau St Jean, Beringer, Beaulieu Vineyard, Penfolds, Lindeman’s, and others. Treasury Wine’s current market valuation is ~ AUD 11.68 billion and the TWE stock closed the market trading on April 18th, 2019 at AUD 16.750, up 3.14% with 4,337,366 shares traded. Its YTD return also stands positive at 10.63%.

The company paid out an ordinary fully paid interim divide of AUD 0.18 on April 5th, 2019 with respect to the six months ended December 31st, 2018. Recently, the Capital Group Companies, Inc increased its shareholding in the company to 9.65% (from 8.63%) after the purchase of 7,309,897 new ordinary fully-paid shares.

Treasury Wine Estates released its results for the first half of fiscal year 2019 on February 14th, 2019, posting the revenue from ordinary activities at $ 1,537.8 million, up 15.1% on $ 1336.6 million in the pcp ended December 31st, 2017. The net profit for the period amounted to $ 219.2 million, also up 17.1% on $ 187.2 million in the pcp.

Nufarm Limited

Nufarm Limited (ASX: NUF), headquartered in Laverton North, Australia, manufactures and sells crop protection products such as herbicides, insecticides, and fungicides in New Zealand, Australia as well as across Asia, Europe, North America, and Latin America. Besides, it also offers seeds and seed treatment products and engaged in croplands equipment business too. On April 18th, 2019, the NUF stock price closed the market trading at AUD 5.460, edging up 3.019% with 4,399,819 shares traded and a positive five-day return yield of 7.29%.

Recently, Schroder Investment Management Australia Limited and Sumitomo Mitsui Trust Holdings Inc, and its subsidiaries became substantial shareholders in the company upon purchasing 19,280,932 (5.08%) and 20,222,619 (5.33%) ordinary shares.

For the first half of FY19 ended January 31st, 2019, Nufarm reported strong results including EBITDA of $ 120.9 million, down 2% on pcp and a statutory net loss of $ 13.6 million. The Group’s revenue stood at $ 1.58 billion, up 8% on pcp and the average net working capital to sales increased to 45.3% (2018: 37.8%).


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