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The below mentioned small-cap Stocks have released significant updates today (20 February 2019), which is why they were most discussed by investors today. Let's take a closer look at the recent updates of these stocks-
Sky & Space Global Ltd (ASX:SAS)
Sky & Space Global Ltd (ASX:SAS) is a satellite company which is mainly involved in operating a communications infrastructure based on nanosatellite technology. Today (20 February 2019), the company signed binding commitments for $12 million placement to facilitate the launch of the first batch of Pearls nano-satellites into space. With regards to the placement, the company is soon going to lodge its prospectus. The companyâs shares are currently temporarily suspended on ASX and it is expected that the shares will resume trading on ASX post lodging of the Prospectus and Settlement. The company is also planning to conduct a fully Underwritten Priority Offer (PO) to raise a further $3 million, with the ability to accept up to $1 million of oversubscriptions on the same terms. SASâs shares were last traded at $0.054 as on 1 February 2019 and in the last six months, the share price of the company has decreased by 23.94%. The stock has offered, however, a YTD return of 1.89% till date.
A2 Milk Company Limited (ASX:A2M)
A2 Milk Company Limited (ASX:A2M) has released its half-year results today in which the company has reported revenue growth of 41.0% in H1 FY2019 as compared to the previous corresponding period (pcp). The companyâs EBITDA increased by 52.7% to $218.4 million and its Net profit after tax increased by 55.1 percent to 152.7 million as compared to pcp. While providing the outlook, the company informed that it is expecting its Group revenue growth rate in H2 FY19 to be in line with the H1 FY19. In the second half of FY 2019, the company is going to increase its investment in brand building which will support revenue growth in FY20 and beyond. Further, the companyâs EBITDA margins in the H2 FY19 is expected to be lower than H1 FY19. On the back of strong half-year results, the companyâs share price increased by 10.535% in the intraday trade as on 20 February 2019. In the past six months, the share price of the company increased by 23.77 percent as on 19 February 2019. A2Mâs shares last traded at $13.640 with a market capitalization of circa $9.05 billion as on 20 February 2019.
Afterpay Touch Group Limited (ASX:APT)
Technology driven payments company, Afterpay Touch Group Limited (ASX:APT) today announced that it is going to release its half-year financial results for the six-month period ended 31 December 2018 on Tuesday 26 February 2019. The company recently published a new issue announcement with regards to the application for quotation of additional securities and agreement. As per the announcement, the company has issued 2,400,000 fully paid ordinary shares (upon exercise of 2400K options issued to senior executives of the company) which will rank equally in all respects with the existing fully paid ordinary shares in the Company from their date of issue. Recently the company provided a global trading update, in which it reported that in the first half of FY 2019, the company reported Underlying sales of over $2.2 billion which is 140% than the previous corresponding period.
Meanwhile, in the last six months, the share price of the company increased by 8.11% as on 19 February 2019. APTâs shares traded at $17.440 ( -7.822% intraday) with a market capitalization of circa $4.48 billion as on 20 February 2019.
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