Three Stocks Climbing Up ASX Ladder- BIN, BVS, NEC

  • May 01, 2019 AEST
  • Team Kalkine
Three Stocks Climbing Up ASX Ladder- BIN, BVS, NEC

Bingo Industries Limited

Bingo Industries Limited (ASX: BIN), incorporated in 2017 and headquartered in Auburn, Australia, together with its subsidiaries, operates as a waste management and recycling company offering solution for domestic and commercial businesses across the country. Bingo’s market valuation stands around AUD 1.11 billion and on May 1st, 2019, the BIN stock closed the day’s trading at AUD 1.775, zoomed up 5.34% by AUD 0.090 with ~ 8.60 million shares traded.

In March 2019, Ian Raymond Malouf became a substantial shareholder in the company upon purchase of around 79,836,835 ordinary shares (12.08% voting power). At the recent Macquarie Australia Conference in Sydney, Bingo Industries’ presentation focussed on a couple of agendas in extensive detail. First, the acquisition of Dial a Dump Industries was completed with integration underway and expected to last for two years. Besides, there were insights on the network redevelopment program and the company’s 5-year strategy with its centre being the strategic network of waste infrastructure assets in key locations across Melbourne and Sydney. Lastly, the market update suggests that the underlying business is performing in line to achieve the revised FY19 EBITDA guidance.

Bravura Solutions Limited

Bravura Solutions Limited (ASX: BVS), headquartered in Sydney, is an IT sector company which provides SaaS and enterprise software primarily to the funds administration and wealth management markets across the UK, South Africa, New Zealand, Australia, and other countries globally. With a current market valuation of around AUD 1.24 billion, the BVS stock closed the market trading at the last sell-off price of AUD 6.240, shooting up 8.15% by AUD 0.470 with ~ 1.6 million shares traded on May 1st, 2019.

Bravura’s recent proposal to acquire 100% equity in GBST Holdings Limited (ASX: GBT) via a cash or cash and scrip alternative offer of $ 2.50 per GBST share has been reportedly put to consideration by the GBST Board. According to Bravura Solutions’ half-yearly results for the period ended December 31st, 2018, the total revenue recorded a 24% rise to AUD 127.4 million, up on AUD 102.9 million in the prior corresponding period (pcp). Besides, The EBITDA also increased to AUD 23.8 million (+28%) and the NPAT improved by 15% to AUD 16.3 million.

Nine Entertainment Co. Holdings Limited

Media and Entertainment player Nine Entertainment Co. Holdings Limited (ASX: NEC), based in Willoughby, Australia, is engaged in the television broadcasting and program production businesses. Nine Entertainment’s market valuation is currently around AUD 2.98 billion with ~ 1.71 billion outstanding shares. On May 1st, 2019, the NEC stock closed the day’s session at the last sell-off price of AUD 1.855, edging up 6% by AUD 0.105 with ~ 20.53 million shares traded. The Group’s annual dividend yield stands at 5.71% (As per ASX) and NEC has generated a positive YTD return of 29.63%.

Besides, Nine Entertainment also paid out an ordinary fully paid dividend of AUD 0.050 on April 18th, 2019 relating to the six months to December 31st, 2018. On April 30th, 2019, the company confirmed the sale of the Australian Community Media and Printing business via an agreement expected to be completed by June 30th, 2019. The transaction would generate ~ $ 115 million, subject to post-completion adjustments.

The company released its Macquarie Australia Conference presentation comprising various significant points. As per the trading update, for Q3 FY19, the Broadcasting segment’s revenue increased by 4% while in the Digital & Publishing business segment, Metro Publishing’s revenue was up 3% and 9Now revenue increased by a staggering 75%. For the STAN business, there was a continued growth in subscribers while the Domain business recorded a double-digit growth of 59.2% with an improving cost profile.


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