Three Popular Stocks – PWH, SYR And PPE

  • Apr 23, 2019 AEST
  • Team Kalkine
Three Popular Stocks – PWH, SYR And PPE

PWR Holdings Limited

PWR Holdings Limited (ASX: PWH), based in Ormeau, Australia, is engaged in the designing, manufacturing, testing, an commercialisation of customized aluminium cooling products and solutions. With around 100 million outstanding shares, the PWH stock is trading at AUD 3.880, down 1.02% (As at 23 April 2019, 1:45 PM AEST). PWH’s YTD return also stand positive at 26.45% and it has an annual dividend yield of 1.99%.

Recently, the company conducted an Extraordinary General Meeting (EGM) on March 28th, 2019, to seek shareholder approval to restructure personal Shareholdings of Kees Weel, company’s CEO and MD, by transferring 10,000,000 PWH Shares from KPW Property Holdings Pty Ltd to Wagon Weel Pty Ltd. On February 28th, 2019, KPW sold 4.5 million Shares on-market and as a result, each of KPW Property Holdings, Kees Weel and Paul Weel now have voting power of 29.87% in the Company.

According to the Weel Internal Restructure, KPW Property Holdings and Paul Weel would cease to hold a relevant interest in those 10,000,000 shares but retain a relevant interest in the remaining 19,868,500 Shares.

PWR Holdings closed the half year ended December 31st, 2018 with a net profit after tax of AUD 3.14 million, up 52% on prior corresponding period (PCP) and recorded an operating cash flow of AUD 3.69 million during the period.

Syrah Resources Limited

Syrah Resources Limited (ASX: SYR) is a mineral exploration company with operations in Mozambique, Africa and the Balama Graphite and Vanadium project in the Cabo Delgado province as its flagship asset. On April 23rd, 2019, the SYR stock is trading at AUD 1.205, down 2.43% (As at 1:45 PM AEST).

Recently, Syrah Resources released an update on the Balama Graphite Operation Q1 (ended March 31st) 2019 performance. The natural flake graphite production was recorded at 48kt, above the prescribed guidance of ~45kt and a record production of ~19kt was achieved during the second half of March 2019 on account of higher recovery, plant availability as well as utilisation. The sales volume amounted to 48kt in line with the guidance of 45kt -50kt while the Weighted average price stood at the upper end of the guidance of USD 460 – USD 470 per tonne. The company closed the quarter with cash of USD 62 million. Besides, the overall Q1 2019 recovery of ~ 70%, was steady and fairly consistent with the prior quarter’s figure.

People Infrastructure Ltd

The Albion, Australia-based People Infrastructure Ltd (ASX: PPE) is a workforce management company which provides human resources outsourcing and staff contracting services to clients across Australia and New Zealand. With around 65 million outstanding shares, the PPE stock is trading at AUD 2.420, down 0.82% (As at 23 April 2019, 1:45 PM AEST). PPE’s YTD return also stands positive at 39.43% so far.

Recently, the company paid out an ordinary fully paid dividend of AUD 0.04 on March 29th, 2019 with respect to the half year ended December 31st, 2018. In the same month, People Infrastructure acquired Victorian Nurse Specialists Pty Ltd, which is a leading Melbourne-based nursing agency, at a cash consideration of $ 2.5 million on debt free basis. The company also acquired the pending outstanding shares in its IT businesses, Recon Solutions and Project Partners at $ 2.8 million. The company informed that the two acquisitions are estimated to contribute around $ 1.1 million in incremental EBITDA in upcoming twelve months.


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