ASX Stocks Making Strong Operational Progress - EVS, PRZ, BUB, KGN

  • Oct 23, 2019 AEDT
  • Team Kalkine
ASX Stocks Making Strong Operational Progress - EVS, PRZ, BUB, KGN

Strategic initiatives help companies in achieving strong operational progress. Lately, we have seen that firms go for various strategic options like Board change, strategic investments, acquisitions etc. to achieve their operational objectives. The below mentioned ASX-listed stocks have taken strategic initiatives in the recent past. Let’s take a closer look at these stocks and their strategic initiatives.

Envirosuite Limited (ASX: EVS)

Environmental management technology company, Envirosuite Limited (ASX: EVS) has struck a deal with major Chinese environmental protection company BHZQ to be the preferred supplier of environmental solutions to BHZQ.

EVS signed its first strategic cooperation agreement in China

As announced on 23 October 2019, Envirosuite has signed its first strategic cooperation agreement in China with BHZQ. Following the release of this announcement, EVS stock uplifted by 7.692% during day’s trade.

As per the agreement, Envirosuite will be BHZQ’s preferred provider for:

  • Monitoring, treatment and management of odour as well as air and noise that underpin improved outcomes for occupational and community health, security and other aspects;
  • Risk management;
  • Incident source identification and complaint management;
  • Corrosion in collection and sewage systems.

Both the parties will work hand in hand to promote environmental management using the Envirosuite platform to provide a market leading and pioneering solution suite for the waste and water sector. The parties will also work to provide technology solutions to enable and support large scale third party projects.

At market close on 23 October 2019, EVS stock was trading at a price of $0.350 with a market cap of ~$136.73 million. The stock is trading close to its 52-weeks high price of $0.390. Notably, in the last three months, the stock has provided a return of 150% as on 22 October 2019.

ParaZero Limited (ASX: PRZ)

Founded in the year 2014, ParaZero Limited (ASX: PRZ) is a drone safety systems company which designs, develops and provides best-in-class autonomous safety systems for commercial drones.

ParaZero received orders of USD 235,000 On 23 October 2019, the company announced that it has received orders of USD 235,000 from international drone manufacturers for custom parachute systems. It is expected that the orders will be delivered by the end of 2019, with revenue booked in the current quarter.

As per the announcement, the company’s sales of its after-market solution SafeAir Phantom and SafeAir Mavic are increasing after the Federal Aviation Administration (FAA) granted ParaZero customers the first ever waivers for flights over people. Till now over 35 waivers have now been granted by the FAA to companies including CNN, Fox News, Verizon Media, Hensel Phelps, North Dakota Department of Transportation.

Recently on 16 October 2019, the company announced that it has decided to terminate the agreement with FMI Capital Advisory Inc as its Canadian financial consultant in connection with a transaction, whereby the company was considering seeking a dual listing of its shares on a Canadian stock exchange.

For the half year ended 30 June 2019, the company earned revenues from ordinary activities of USD 675,977, up 134.33% on the previous corresponding period (pcp). For the half year period, the company incurred a loss after tax of USD 1,337,773, which is 9% lower than the loss incurred in pcp.

The company’s securities are temporarily suspended on ASX. The stock was last traded at a price of $0.070, with 117.06 million outstanding shares.

Bubs Australia Limited (ASX: BUB)

Australian infant nutrition company, Bubs Australia Limited (ASX: BUB) has appointed Dennis Lin as Executive Chairman of the Bubs Australia Board.

While commenting on his appointment, Bubs Australia CEO and Executive Director, Kristy Carr commented that the Board is unanimous in supporting this appointment of Dennis as Executive Chair.

Who is Dennis Lin?

  • Dennis Lin joined the Bubs Australia Board in January 2017 when the company was re-listed on the ASX and appointed Nonexecutive Chairman in August 2017;
  • He is a Chartered Accountant and Solicitor in leading professional firms;
  • Dennis specializes in commercial transactions, merger and acquisitions, and capital market activities between Chinese and Australian businesses;
  • Dennis has a special interest in advising on inbound investments from greater China, and is a native speaker of Mandarin Chinese.

In the last financial year i.e., FY19, Bubs recorded a 154% growth in its revenue as compared to pcp. The company’s gross profit during the year increased by 300% to $9.2 million.

During the year, the company made significant investment in building scale and sales momentum, this includes:

  • Investment in marketing (9% net revenue) to support strong domestic presence and building brand awareness in China;
  • Investment to reflect capability build in core markets and corporate, with increased headcount by 175% compared to FY18;
  • Fixed operating and administrative costs typical of business in rapid growth.

At market close on 23 October 2019, BUB stock was trading at a price of $1.180, down by 2.075% intraday, with a market capitalisation of circa $619.46 million. In the past six months, the company’s stock increased by 21.72% as on 22 October 2019. Limited (ASX: KGN) Limited (ASX: KGN) has released its Q1 FY20 highlights today. During the quarter, the company witnessed the launch of key New Verticals Kogan Money Super, Kogan Mobile NZ, Kogan Energy and Kogan Money Credit Card, representing the entry by into a substantial and lucrative market that is ripe for disruption.

As at 30 September 2019 the company had 1,653,000 active customers, demonstrating 14.0% year-on-year growth. During the quarter, the company’s exclusive Brands revenue increased by over 35% compared to pcp.

Q1 FY2020 Highlights:

  • Kogan Mobile Active Customers grew 14.4% year-on-year, as at 30 September 2019. Revenue for Kogan Mobile during 1QFY20 grew by more than 20% compared to 1QFY19.
  • Kogan Internet Active Customers grew 347.5% year-on-year, as at 30 September 2019
  • Kogan Insurance revenue during 1QFY20 grew by more than 20% compared to 1QFY19.
  • Kogan Marketplace growth continued during 1QFY20. In its second full quarter, Kogan Marketplace achieved Gross Sales as shown below:

(Source: Company’s Reports)

During the quarter, the company struck a deal with a leading travel management company, Corporate Travel Management Limited (ASX: CTD) to offer Kogan Travel branded travel services, including flights, cars and holiday packages, during FY20.

At market close on 23 October 2019, KGN stock was trading at a price of $7.040, up by 1.004% intraday, with a market capitalisation of ~$654.9 million. It is to be noted that the stock is trading close to its 52 weeks high price of $7.500.


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