Altium Limited (ASX: ALU) had earlier released its earnings report for the half-year ended December 2018. As per the release, the company witnessed robust growth of 24% in the revenues in 1H FY 2019 and stood at US$78.1 million. The release also had viewpoints of the company’s top management. According to the CEO (or Chief Executive Officer) Mr. Aram Mirkazemi, the growth of 24% in the revenues as well as EBITDA margin of 36.3% reflects the power of momentum in the business and the commitment to the consistent as well as sustainable growth over the long-term. Mr. Aram Mirkazemi added that from China to EMEA to Octopart and to TASKING, effect of momentum driving sustained growth was visible. There are expectations that the momentum would help the company in generating $200 million of revenues in 2020.
In the release, it was also mentioned that ALU is focused towards achieving the PCB market leadership by 2020 and plans to dominate the market by 2025. Talking about the long-term outlook, the company stated that proliferation of the electronics through the rise of smart connected devices continues to drive growth for the business in foreseeable future. The company has committed to the achievement of 100,000 Altium Designer subscribers before 2025 for the market dominance and it is also committed to the aspirational revenue goal amounting to $500 million in 2025. Additionally, it was mentioned that the company would be pursuing partnership as well as M&A opportunities in order to support the long-term vision of creating product design and realization platform that is centered around electronics.
WiseTech Global Limited (ASX: WTC) had recently stated that Teresa Engelhard is having a direct and indirect interest in the company. Teresa Engelhard had acquired 717 ordinary shares in the direct capacity involving the consideration of $20.90 per share via participation in the share purchase plan. As a result, after the change, there are 17,295 ordinary shares in the direct capacity and 25,599 ordinary shares in the indirect capacity. Recently, the company also made an announcement that they have wrapped up the share purchase plan (or SPP) and, as a result, raised around $35.9 million with around 1.7 million new fully paid ordinary shares to be issued to the successful SPP applicants at the price of $20.90 per share.
In order to accommodate the robust support from the shareholders, there was an increase in the size of SPP to $35.9 million above the expected $30 million and the company intends to accept the valid subscriptions from the shareholders which are eligible in full of no scale back.
Both the stocks, i.e., Altium Limited and WiseTech Global Limited are trading in green at the time of writing (24 April 2019 AEST 02:26 PM). Currently, the stock of Altium Limited is up by 3.537% and is trading at $34.250 per share and WiseTech Global Limited’s stock is up by 4.077%. The market capitalisation of WTC stood at $6.73 billion and it is having an annual dividend yield of 0.15%. However, the annual dividend yield of ALU stood at 0.91%.
This website is a service of Kalkine Media Pty. Ltd. A.C.N. 629 651 672. The website has been prepared for informational purposes only and is not intended to be used as a complete source of information on any particular company. Kalkine Media does not in any way endorse or recommend individuals, products or services that may be discussed on this site. Our publications are NOT a solicitation or recommendation to buy, sell or hold. We are neither licensed nor qualified to provide investment advice.
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.