Stocks With Recent Changes In Director’s Interest – QHL, TBL, RMY, MMS

April 16, 2019 10:45 PM AEST | By Team Kalkine Media
 Stocks With Recent Changes In Director’s Interest – QHL, TBL, RMY, MMS

Below are four stocks which have experienced recent changes in Director’s interest:

Quickstep Holdings Limited

Quickstep Holdings Limited (ASX: QHL) is one of the largest independent aerospace?grade advanced composite manufacturers in Australia. It owns and operates a manufacturing and R&D process development centre in Geelong, Victoria as well as a manufacturing facility at Bankstown Airport in Sydney, New South Wales. On April 16th, 2019, the QHL stock price closed the market trading at AUD 0.080 with ~ 263,312 shares traded. QHL’s YTD return also stands positive at 10.34%.

Recently, the company’s Directors Tony Quick, Mark Burgess and Bruce Griffiths increased their shareholding in the company; each purchased 176,471 fully paid ordinary shares for a cash consideration of $ 15,000. On April 9th, Quickstep Holdings announced to have raised around $ 1.65 million (before costs) via its Share Purchase Plan (SPP), which closed on Wednesday April 3rd, 2019.

Tambla Limited

Tambla Limited (ASX: TBL), based in North Sydney, develops and offers workforce management solutions through a cloud-based software. To date, the company supports over 180 clients across the aviation, transportation, retail, hospitality and health sectors in Australia, New Zealand, the United Kingdom, and worldwide. On April 16th, 2019, the TBL stock price settled the market at AUD 0.009 with ~ 33,400 shares traded.

On the same day, during the market trading, Allum Alpha Fund increased its shareholding in the company to 8.48% by acquiring ~ 9,871,990 additional ordinary fully paid shares. In addition, one of Tambla’s Directors Mr Niall Cairns also purchased around 3,542 ordinary fully paid shares for $ 31.88 each. Recently, the company announced that it had secured funds totalling $ 1.25 million through the issue of Convertible Notes. The funds would be primarily utilised in sales and marketing initiatives to drive the company’s current growth plans. Besides, they would also be invested to expand and develop the growing inbound opportunities from North America.

RMA Global Limited

RMA Global Limited (ASX: RMY), offers online real estate and property information services via a digital marketing business portal that provides residential property listings and sales results for real estate agents, as well as reviews from vendors and buyers of residential properties. RMA’s current market valuation stands at AUD 73.6 million. On April 16th, 2019, the RMA stock price closed the market trading at AUD 0.200 with ~ 10k shares traded.

RMA Global’s Director David Williams recently bought new ordinary fully paid shares, now totalling 116, 045, 341, thereby increasing his voting power in the company to 31.5% (from 30%). On March 12th, 2019, the company released its Investor Presentation providing its product and business overview. As per the half-year accounts for the period ended December 31st, 2018 (1H FY19), the recurring revenues in the 1H FY19 grew by 11% to $ 3.6 million compared with 2H FY18. The net assets totalled $ 7.05 million including net cash and cash equivalents of $ 7.49 million.

Mcmillan Shakespeare Limited

McMillan Shakespeare Limited (ASX:MMS) offers vehicle leasing administration, fleet management, salary packaging, as well as retail financial services in New Zealand, Australia and the United Kingdom. The Group’s current market valuation is around $ 1.07 billion with ~ 83.2 million outstanding shares. The MMS stock settled the market trading session at AUD 13.230, edging up 3.198% on April 16th, 2019. Its annual dividend yield stands at 5.77%.

Recently, the company’s Directors Helen Kurincic and Timothy Poole acquired new ordinary fully paid shares (Indirect interest) of the company, around 11,000 each, at a cash consideration of $ 133,160 and $ 132,506 respectively. Meanwhile, Credit Suisse Holdings (Australia) Limited became a substantial shareholder on purchase of 4,310,956 of common stock, thereby obtaining 5.18% voting power.

According to the Half Year Report for the six months ended December 31st, 2018, McMillan Shakespeare reported revenues of $ 273.1 million, reflecting an improvement of 1.2% over the prior corresponding period while the EBITDA reduced to $ 65.3 million by 3.8%. Besides, fully franked dividends of 34.0 cents per share were announced for the period.


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