Three Underperforming Stocks- SUL, BOQ, ALG

  • May 01, 2019 AEST
  • Team Kalkine
Three Underperforming Stocks- SUL, BOQ, ALG

Super Retail Group Limited

Super Retail Group Limited (ASX: SUL) is a retailer of auto, outdoor, and sports products across Australia, New Zealand, and China. Its leading brands are Amart Sports, BCF, Rays, Rebel, and Supercheap Auto.

The company recently provided a trading update while presenting at Macquarie Bank Australia Conference.

The company published its Interim report of the financial statements earlier this year in February. The highlights of this report are discussed under:

  • The revenue from ordinary activities was $1,403.2m, up 6% when compared to the prior revenue of $1,323.7m (December 2017).
  • The net profit amounted to $71.7m, down 0.7% as compared to $72.2m PCP.
  • Net assets had a worth of $795.7m.
  • Net cash outflow from investing activities was $40.8m while operating cash inflow and financing cash outflow was noted at $235.4 million and $146.8 million, respectively.

As on 1 May 2019, the stock closed at A$7.900, down 8.776% compared to its last trade. Although, it has provided a YTD return of 26.79%.

Bank of Queensland Limited

Bank of Queensland Limited (ASX: BOQ) provides financial services and products in two sectors- insurance and banking, across Australia.

On April 30, 2019, the company appointed Ms Fiona Daly as an additional Company Secretary. She, along with Ms Vicki Clarkson would be responsible for communications with the ASX under Listing Rule 12.6.

BOQ had published its half yearly report with the below mentioned highlights:

  • The total income in 1H19 was $541m, 2% down PCP.
  • Underlying profit was $273m, 5% down PCP. Statutory NPAT was $156m, 10% down PCP.
  • There was a gross loan growth of 2% in a slowing market.
  • BOQ’s overall Finance growth was recorded at 13% and its Commercial growth was 3%.
  • With the growing and ongoing investment, amortisation was expected to increase.
  • On the assets side, Portfolio metrics continued to remain strong, though the impaired assets continued to reduce.
  • Industry developments and Retail Bank performances had impacting returns.
  • The distribution channels had been diversified.
  • The credit growth had been slowing and price competition increasing which made the economic outlook more uncertain.

At the close of trading on 1 May 2019, BOQ closed at A$8.890, down 4.099%. The 52-week low and high stands at A$8.700 and A$11.710, respectively The stock has provided a return of -2.52% YTD.

Ardent Leisure Group Limited

Ardent Leisure Group (ASX: ALG), belonging to the Leisure and Entertainment Industry, owns family entertainment centres and theme parks.

Earlier in April, Ardent Leisure Group announced that it has successfully completed term loan facilities by its wholly-owned US subsidiary, Main Event Entertainment, Inc. This included US$200 million term loan facility (US$125 million drawn term loan and a US$75 million delayed draw term loan) along with a US$25 million Revolving Credit Facility. The proceeds of this were utilized to repay an existing Australian bank debt.

In February, this year, the company published its 1H19 Results. Revenue was valued at A$226.7m, which was 14.6% down when compared to the previous corresponding period of 1H18 ($265.6m). Statutory Net Loss stood at A$21.8m attributable to Dreamworld incident costs. Dreamworld intends to target break even EBITDA in Q4 FY19.

As on 1 May 2019, the stock closed the day’s session at A$ 1.240, down 3.125% compared to its last trade. The company has provided a YTD return of -10.80%.


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