AUS
NZ
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CA
USA
IND
After the tightening trade talks between the US and China and losses in Europe and on the Wall Street, the Australian shares faced the heat. In this scenario, few stocks came under discussion with two being from the information technology sector which is up and two from the materials sector which is down. Letâs look at them one by one.Â
AFTERPAY TOUCH GROUP LIMITED (ASX:APT) â Representing an increase of 140% the underlying sales are up from $918 million in 1H FY18 to over $2.2 billion 1H FY19. With annualized underlying sales now more than $500 million based on 1H performance, the US business processed $260 million of underlying sales in 1H FY19. Over 23,000 merchants in the last 12 months have transacted with Afterpay globally. They are growing at an average of approximately 7,500 new customers per day over Q2 FY19, over 3.1 million active customers in the last 12 months. The shares of APT traded lower by -0.066% on ASX with the closing price of A$15.24 with the market capitalization as at January 23, 2019, of A$3.57 billion.
AVZ MINERALS LIMITED (ASX:AVZ) â The securities of the company will be placed in a trading halt as AVZ asks the ASX and will remain in a trading halt until the earlier of the beginning of normal trading on Thursday, 24 January 2019. In the Democratic Republic of Congo, from its mineral resource drilling at the Manono Lithium Project, the company is happy to advise that it has received additional strong results. With an additional six diamond drill holes at Roche Dure, the company has received results none of which were included in the recently updated JORC Mineral Resource estimate which was reported in late November 2018. The shares of AVZ traded flat on ASX with the closing price of A$0.067 with the market capitalization as at January 23, 2019, of A$126.53 billion.
TV2U INTERNATIONAL LIMITED (ASX:TV2) â The company has entered into a new funding agreement with Lind Asset Management XIII, LLC and is happy to announce the same. It is executed to provide a secured A$500,000 convertible note while the convertible note will have a face value of A$600,000 and up to A$7,200,000 by placement of ordinary shares which is also known as a share purchase agreement. The convertible security may be converted at any time during the term and after 30 April 2019. The relevant floor price is A$0.005 per share. The shares of TV2 traded flat on ASX with the closing price of A$0.007 close to its 52-week low with the market capitalization as at January 23, 2019, of A$14.62 million.
AUSTRALIAN MINES LIMITED (ASX:AUZ) â The company has purchased a 13-acre parcel of freehold land within the regional township of Greenvale, North Queensland which marks Australian Minesâ first step in joining the Greenvale community. The company has decided that 90% of the ongoing annual operational expenditure will be spent with departments, from the surrounding region of North Queensland, at the Sconi Project which is in addition to the $922 million that the company anticipates spending with Australian businesses. The shares of AUZ traded up by 4.878% on ASX with the closing price of A$0.043 close to its 52-week low with the market capitalization as at January 23, 2019, of A$115.78 million.
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