3 Stocks Close To 52-Week High Level - RHL, BHP And A2M

4 min read | February 28, 2019 07:00 PM AEDT | By Team Kalkine Media

Ruralco Holdings Limited

Ruralco Holdings Limited (ASX:RHL) is a well-known Agri services business based in Macquarie Park and engaged in the commercialisation, including marketing and sale, of merchandise, water products, fertilisers, and financial services catering to the diverse needs of rural customers in Australia. It operates through business segments comprising Rural Supplies, Financial Services, Water, Wool Agency, Real Estate Agency, Live Export, Livestock Agency and Market Analysis.

The company has a market cap of AUD 466.43 million with ~ 105.5 million outstanding shares. At the end of the market session on February 28th, the RHL stock closed at a sell-off price of AUD 4.470, up 0.676%, indicating an intra-day gain of AUD 0.030. The stock is trending quite close to the 52-week high of AUD 4.510 which was recorded as day’s high on the same day. Moreover, the stock has performed well over the past year with the three-month and six-month positive return yields of 46.53% and 56.89% respectively. The YTD return generated by RHL so far also stand favourable at 49.49%.

The company signed a Scheme Implementation Deed with Nutrien Ltd whereby Nutrien would be acquiring 100% of issued share capital of Ruralco involving a cash price of $ 4.40 per share.

BHP Group Limited Â

The Melbourne-based BHP Group (ASX:BHP) is a company from the metals and mining industry, engaged in the exploration, extraction, acquisition, development, and commercialisation of natural resources like oil and gas, molybdenum, gold, iron, zinc, etc. Moreover, it also offers other allied services including the refining of nickel, smelting, freight, finance, etc.

The company is a large cap with AUD 111 billion market cap and approximately 2.95 billion outstanding shares. With the close of the trading session on February 28th, 2019, the BHP stock’s last sell-off price stood at AUD 37.230, down 1.194%, indicating an intra-day loss of AUD 0.450 but quite close to the 52-week high of AUD 38.200 recorded on February 21st, 2019. Overall, the stock has performed reasonably well in the last couple of months as it generated a three-month return yield of 27.30% and the six-month return yield of 18.80%. BHP has also produced a YTD return of 16.68%.

For the half year ended December 31st, 2018, the company posted revenues from discontinued operations at USD 850 million and the total revenue at USD 21.592 billion. Besides, the profit after taxation from continuing operations attributable to the members of the BHP Group was at USD 4.06 billion. The fully franked dividend of US 55 cents per share has also been declared due to be paid on March 26th, 2019.

The A2 Milk Company Limited

The A2 Milk Company Limited (ASX:A2M) is based in Auckland, New Zealand and commercialises A1 protein free branded milk and related products across China, New Zealand, Australia, the United Kingdom, and the United States.

A2M has a market cap of AUD 10.25 billion with ~ 733.4 million outstanding shares. At the last of the market session on February 28th, 2019, the A2M stock closed at a sell-off price of AUD 13.770, down by 1.502% indicating an intra-day fall of AUD 0.210. The trending A2M stock price is quite close to the 52-week high of AUD 14.230 recorded on February 21st, 2019. The stock performance exhibits an uptrend since the onset of the new year with a positive YTD return of 34.42%.

The company recently reported its impressive results for the half year ended December 31st, 2019, highlighting a 41% rise in the revenue to $ 613 million and the EBITDA increasing by 53% to $ 218 million. Besides, the NPAT was also high at $ 153 million, up 55% on the prior period and the company had ~ $ 288 million of cash in hand at the end of the period.


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