3 Stocks moving to low levels – AU8, M7T and MSV

  • Oct 11, 2018 AEDT
  • Team Kalkine
3 Stocks moving to low levels – AU8, M7T and MSV
Along with the markets dropping below the 6,000 mark in the mid-day session falling by more than 150 points, three stocks moving to low levels with the index are in red. Here are the three stocks mentioned with the stock movements for the day. Amid the global markets volatility, the stocks have seen a downturn. AUMAKE INTERNATIONAL LIMITED (ASX: AU8) – The stock of Aumake limited dipped by -7.812% to a market price of $0.295, the stock has undergone a performance change or a rise of 113.33% over past. In the Chinese market this partnership with DHL eCommerce has further strengthened AuMake’s logistic capability. Through the company’s wholesale warehouses, online e-commerce platform and retail stores, the sale of trusted Australian products takes place. The company reported 37% rise in sales to $7 million during the June quarter 2018 and 31% increase in gross profit to around $1.08 million compared to the prior year. The company had cash at bank of $10.7 million and $3.6 million in inventory as at the end of the June quarter 2018.  MACH7 TECHNOLOGIES LIMITED (ASX: M7T) – The stock of Mach7 limited witnessed a dip of -7.5% to a market price of $0.185, the stock has undergone a performance change or a rise of 25.00% over past 1 year. The company has a growing global customer base across healthcare tiers and 50% pipelines in the last 15 months helped the sales growth. Contracted Annual Recurring Revenue to $5.3 million which is up by 24% and hence there was EBITDA improvement of 38% to $2.6 million in FY18 from $4.2 million in FY17. The company has cash on hand of $2.5 million with zero or no debt which was led by the reduction in cash outflow. However, company still had an overall loss of $4.9 million which could have affected the stock price and investor confidence. MITCHELL SERVICES LIMITED (ASX: MSV) – The stock of Mitchell Services limited dipped by -6.25% to a market price of $0.045, the stock has undergone a performance change or a rise of 14.29% over past 1 year. The company made a total revenue of $72.70 million which is up 80% from FY2017. Total EBITDA was of $6.3 million which is up by 279% on prior year driven by the spike in revenue as utilization rates increased from 35% to 57% year on year. However, NPBT was still negative i.e. at -$2.34 million even after a 47% improvement. After repayment of the property loan, gross debt as at 20 August 2018 has reduced to $16.2 m. Prices have started to increase but remain competitive in certain sectors and competitive Profile of the market has stabilized. Dividend Stocks To Buy The Income available from dividends remains attractive for many investors. We take a look at the best yields on the market and assess what they say about a company’s prospect. One Thing is certain, though, Australia interest rates are still low, making income difficult to come by and keeping the focus for many investors on high yielding stocks. Kalkine’s team of analysts bought you handpicked report for “Top 25 Dividend Stocks For 2018.” ASX-relevant Special Reports are published year-round to provide a detailed analysis into an investing opportunity or a potential risk to your portfolio. Click here to get your free report.
Disclaimer The advice given by Kalkine Pty Ltd and provided on this website is general information only and it does not take into account your investment objectives, financial situation or needs. You should therefore consider whether the advice is appropriate to your investment objectives, financial situation and needs before acting upon it. You should seek advice from a financial adviser, stockbroker or other professional (including taxation and legal advice) as necessary before acting on any advice. Not all investments are appropriate for all people. Kalkinemedia.com and associated websites are published by Kalkine Pty Ltd ABN 34 154 808 312 (Australian Financial Services License Number 425376). website), employees and/or associates of Kalkine Pty Ltd do not hold positions in any of the stocks covered on the website. These stocks can change any time and readers of the reports should not consider these stocks as advice or recommendations.


All pictures are copyright to their respective owner(s).Kalkinemedia.com does not claim ownership of any of the pictures displayed on this website unless stated otherwise. Some of the images used on this website are taken from the web and are believed to be in public domain. We have used reasonable efforts to accredit the source (public domain/CC0 status) to where it was found and indicated it below the image.


There is no investor left unperturbed with the ongoing trade conflicts between US-China and the devastating bushfire in Australia.

Are you wondering if the year 2020 might not have taken the right start? Dividend stocks could be the answer to that question.

As interest rates in Australia are already at record low levels, find out which dividend stocks are viewed as the most attractive investment opportunity in the current scenario in our report.

We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it. OK