Will These 2 Stocks Sustain Their Upward Rally Over The Last Three Months - IFT, AMS

Infratil Limited (ASX: IFT)

Infratil Limited (ASX: IFT) is an infrastructure investment company. The company invests in airports, energy, such as renewable and waste-energy and public transportation. In a recent development, the company has released its Independent Investment Valuations and FY19 Earnings Guidance Update. The firm has commissioned independent valuations for its various investments held within its international portfolio. These valuations are considered necessary for the preparation of the financial statements as the accrued performance fees payable to the company’s external manager, Morrison & Co. Infrastructure Management Limited are required to be provided for in those financial statements. This fee is to be calculated based on the draft valuation report as on 31 March 2019; this report is to include the revised valuation of its investments in Canberra Data Centres, Longroad Energy Holdings and Tilt Renewables. As per the subject report, the valuations for the Canberra Data Centres, Longroad Energy and Tilt Renewables has risen to the range of NZ$841 million to NZ$942 million, NZ$ 128 million and NZ$650 million to NZ$785 million, respectively.

As at 30 September 2018, the company had accrued an initial incentive fee of NZ$29.4 million. However, based on the above valuation ranges for the abovementioned companies, together with the conditional sale of company’s investment in ANU Purpose Built Student Accommodation Concession, the company has assessed that the initial incentive fee payable as at 31 March 2019 will be roughly in the range of NZ$95 million and NZ$105 million.

Infratil has advised that its guidance for the underlying earnings before interest tax depreciation amortisation and foreign exchange fluctuation for the year ending 31 March 2019, has now been slashed from NZ$580-NZ$620 million to NZ$535-NZ$545 million. Furthermore, the management has advised that there is no change in its dividend guidance for the financial year 2019, although the final dividend for FY19 will be finalised as part of the 31 March 2019 year-end process, which will be reported on 17th May 2019.

The stock is currently trading at $4.020, at market close on 12 April 2019, down by 0.985% during the day’s trade, with a market capitalisation of $ 2.27 billion. The stock generated a return of 15.67% over the past three months.

Atomos Limited (ASX: AMS)

Atomos Limited (ASX: AMS) provides consumer electronics. The company offers cameras and accessories such as monitor, cables, batteries, chargers, adapters, docking station, and cases. Atomos serves customers worldwide.

In a recent development, the management has announced regarding the ongoing expansion of the company’s product range. This statement of management has been corroborated with the company launching three new products.

The company’s prospectus had showcased that the management would be targeting upon doubling the company’s range of monitor-recorder products by the year 2020. Together with the launch of Shinobi in March 2019, the Shogun VII and Shinobi SDI products were launched in April 2019. Atomos has launched three new monitor-recorders since the IPO and is well on track to achieve its target.

The management declared about the ramp-up of its strategic relationships post acquiring a fresh license agreement with Dolby. Also, the company has entered in a collaboration with Pond5 for a novice quality video offering predominantly focused on the Apple ProRes RAW.

The company’s CEO, Mr. Jeromy Young has said that these collaborations will provide an improved offering for company’s customers, which the management anticipates will strengthen the value proposition of its products and underpin continued revenue growth.

The stock is currently trading at $1.010, at market close on 12 April 2019, down by 1.942% during the day’s trade with a market capitalisation of ~$156.52 million. The stock generated a return of 52.59% over the past three months.


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