6 Stocks that nose-dived – RCR, WTC, RAC, PMP, HGM and VRS

August 30, 2018 04:28 PM AEST | By Team Kalkine Media
 6 Stocks that nose-dived – RCR, WTC, RAC, PMP, HGM and VRS

RCR TOMLINSON LIMITED (ASX:RCR) -To raise approximately $100 million, RCR has come up with an underwritten 1 for 1.65 pro rata non-renounceable entitlement offer, at the price of $1.00 per new share. For the year ended 30 June 2018, the company reported underlying EBIT loss of $4.2 million, and a statutory net loss after tax of $16.1 million. As at 30 June 2018, RCR held cash and cash equivalents of $89.9 million. The company has a negative EPS of -0.100 AUD which is impacting the profits. Revenue from continuing operations of $1,998.5 million has been reported by RCR. The stock is currently under the suspended status. However, the stock was last trading at a market price of $1.205 and had a daily price change of -$1.595 or -56.964%, it is currently near its 52-week low for the above reasons. In the last 12 months, the stock has undergone a performance change of a -25.53%. [optin-monster-shortcode id="wxhmli4jjedneglg1trq"]

WISETECH GLOBAL LIMITED (ASX:WTC) - Andrew Harrison, a new independent nonexecutive chairperson has been recently appointed by the company. Compared to FY17 the company reported a revenue growth of $221.6 million for FY18 which is up by 44%, while EBITDA went up by 45% for FY18. Also, given the healthy global business performance compared to the others the NPAT was up 28%. Over the period of 5 years from FY 14 and FY 18 the company has a 41% CAGR. Given the overall growth in the technology sector which is doing extremely well the stock has seen a daily price change of $0.400 and a percentage change of 1.857% as at August 30, 2018, the stock was trading at a market price of $21.940. In the last 12 months, the stock has undergone a performance change of a 170.94%.

RACE ONCOLOGY LTD (ASX:RAC) - Race’s goal is to create value for investors in three ways; 1) Move Bisantrene towards FDA approval for adult AML 2) Through Named Patient Programs Generate revenues outside the US 3) Through a targeted pediatric development program, secure a tradable priority review voucher. However, after income tax the operating loss amounted to $6,306,446 where net cash used in operating activities was $3,869,392. The company has not paid any dividends nor are they payable any time soon. The company had cash reserves of approx. $3.7m at the end of 30 June 2018. For the year ended 30 June 2018 the company incurred a loss of $6,306,446 and the financial report has been prepared on a going concern basis. With a daily price change of -$0.005 and a percentage change of -3.846% as at August 30, 2018, due to the losses incurred the stock was trading lower at a market price of $0.125. In the last 12 months, the stock has undergone a performance change of a -63.89%.

PMP LIMITED (ASX:PMP) - From the previous corresponding period, sales are down $108 million on a like for like basis. The company had a net loss of $43.8 million which is $82.6 million lower the previous corresponding period largely down to reduction in significant items. On a 12 months basis EBITDA was down by $7.8 million for the full FY18 year. The distribution Australia revenue was down by $85.8 million from pcp. Also, the net cash flow changed from ($10.7) million to ($12.6) million and the company maintains a disciplined approach to capex with an objective to maintain a conservative balance sheet. With a daily price change of -$0.035 and a percentage change of -14.583% as at August 30, 2018, the stock was trading lower on the losses, at a market price of $0.205. In the last 12 months, the stock has undergone a performance change of a -68.21%.

HIGH GRADE METALS LIMITED (ASX:HGM) - The Company holds A$3.57 million in cash with no debt at the end of the quarter. Schellgaden North Gold Project, Schellgaden South Gold Project, Goldeck-Siflitz Gold Project, Kreuzeck East Gold Project, Kreuzeck West Gold Project, Leogang, Gratlspitz, Seekar, Zinkwand, (Cobalt, Copper, Nickel) Project are some of the key projects. The company has a low P/E of 0.350 and EPS of 0.100 AUD which reflects better financial position compared to the peers. The company has not declared dividends during the year 2018. With a daily price change of -$0.003 and a percentage change of -8.571% as at August 30, 2018, the stock was trading at a market price of $0.032. In the last 12 months, the stock has undergone a performance change of a 34.62%.

VERIS LIMITED (ASX:VRS) - The company’s EBITDA from the continuing operations is up by 96% to $11.2m. The current cash at bank as at August 30, 2018 is $5.6m which portrays liquidity for Veris. It lately declared fully franked dividend of 0.5 cents per share to be paid in September 2018. The annual dividend yield is 2.22%. Net Profit After Tax Before Amortisation stands currently at $1.8 million for the year ending June 30, 2018. The basic and diluted loss per share has been 0.39 for 2018. Because of which the stock saw a daily price change of -$0.010 and a percentage change of –4.444% as at August 30, 2018 and was trading at a market price of $0.215. In the last 12 months, the stock has undergone a performance change of a 40.63%.

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