4 Beaten Down Stocks - VEA, DHG, NHC And SOL

April 30, 2019 01:34 PM AEST | By Team Kalkine Media
 4 Beaten Down Stocks - VEA, DHG, NHC And SOL

Viva Energy Group Limited

The Docklands-based Viva Energy Group Limited (ASX: VEA) is an integrated-downstream petroleum company with operations across Australia. The company’s current valuation is around AUD 4.43 billion with ~1.94 billion outstanding shares. On April 30th, 2019, the VEA stock is trading at AUD 2.210, down 3.07% by AUD 0.070 (As at 12:58 PM AEST). VEA’s YTD return stands at 35.66% to date.

Recently, Viva Energy Group released the March 2019 update on its Geelong Refining Margin (GRM), related to the Geelong Refinery crude intake. Accordingly, the actual GRM for the month is USD 6.5/BBL which reflects an improvement in regional refining margins, and stronger gasoline cracks. Besides, Group had a strong operational performance during March 2019, with Crude Intake of 3.8 MBBLs accompanied by the highest ever monthly production of Diesel, recorded at the site. Also, in February 2019, the company had announced its full-year 2018 results.

Domain Holdings Australia Limited

The Pyrmont-based Domain Holdings Australia Limited (ASX: DHG), a subsidiary of Fairfax Media Limited, operates as a real estate media and technology services company in Australia. The company’s current market cap stands at ~AUD 1.7 billion with ~583.08 million outstanding shares. On April 30th, 2019, the DHG stock is trading at AUD 2.750, diving 5.822%, by AUD 0.170 (As at 12:58 PM AEST). DHG has also returned a positive yield of 31.53% Year-to-date.

On March 14th, 2019, the company announced that in accordance with ASX Listing Rule 3.10A, around 2,175,316 fully paid ordinary shares, in the Company held under voluntary escrow would be released from voluntary escrow on March 29th, 2019. On February 15th, 2019, Domain Holdings declared an ordinary fully paid dividend of AUD 0.020, paid out on March 7th, 2019 relating to the six months (half-year) ended December 31st, 2018. The company reported a revenue growth of 0.3% to $183.9 million, along with net profit of $21.1 million and an EBITDA of $52.7 million for the half-year. For the FY19 March quarter update (Released today i.e. 30 April 2019), the revenue saw a decline of 6% with double digit growth in Residential Digital yield.

New Hope Corporation Limited

New Hope Corporation Limited (ASX: NHC), a subsidiary of Washington H. Soul Pattinson and Company Limited, based in Brookwater, Australia is engaged in exploration, development, production and processing of coal, and oil and gas properties. New Hope’s current market valuation is around AUD 2.26 billion with ~ 831.27 million outstanding shares. On April 30th, 2019, the NHC stock is trading at AUD 2.685, down 1.288% (As at 12:58 PM AEST). However, the company has an annual dividend yield of 5.69%.

Recently, on 28 March 2019, one of the company’s director Shane Oscar Stephan acquired around 157,483 new Performance Rights (unlisted) of the company.

New Hope Corporation also announced the completion of the acquisition of Mitsui’s 10% interest in the Bengalla Joint Venture. Subsequently, New Hope’s current interest in the Joint Venture is 80% with Taipower holding the remaining 20%. As per its financial results for the half-year ended January 31st, 2019, New Hope posted a net profit after tax of around $160 million, up 33% and an EBITDA of $285 million, up 31% on the prior corresponding period.

Washington H Soul Pattinson & Company Limited

Washington H Soul Pattinson and Company Limited (ASX: SOL), based in Sydney, Australia, along with its subsidiaries, is an energy sector company involved in diverse activities including ownership of shares and property, coal mining, retailing of pharmaceutical product, gold and copper mining & refining, business consulting etc. The Group’s market valuation stands at around AUD 5.57 billion, with ~ 239.4 million outstanding shares. On April 30th, 2019, the SOL stock is trading at AUD 23.145, down 0.45% by AUD 0.840. The company has an annual dividend yield of 2.37%.

Recently, one of the company’s director Thomas Charles Dobson MILLNER acquired ~ 60,000 Ordinary Shares (indirect interest) of the company, at a value/consideration of $ 1,516,008. Besides, on March 21st, 2019, the company declared an interim fully paid dividend of AUD 0.240 to be paid out on May 9th, 2019.

Moreover, for the half-year ended December 31st, 2018 (1H 2019), the Group reported highest ever first half regular profit after tax of $186.7 million, up by more than 12.2% on 1H 2018, with net regular cash from operations of around $92.0 million, also up by more than 24.8% on 1H 2018.


Disclaimer

This website is a service of Kalkine Media Pty. Ltd. A.C.N. 629 651 672. The website has been prepared for informational purposes only and is not intended to be used as a complete source of information on any particular company. Kalkine Media does not in any way endorse or recommend individuals, products or services that may be discussed on this site. Our publications are NOT a solicitation or recommendation to buy, sell or hold. We are neither licensed nor qualified to provide investment advice.


Disclaimer

The content, including but not limited to any articles, news, quotes, information, data, text, reports, ratings, opinions, images, photos, graphics, graphs, charts, animations and video (Content) is a service of Kalkine Media Pty Ltd (Kalkine Media, we or us), ACN 629 651 672 and is available for personal and non-commercial use only. The principal purpose of the Content is to educate and inform. The Content does not contain or imply any recommendation or opinion intended to influence your financial decisions and must not be relied upon by you as such. Some of the Content on this website may be sponsored/non-sponsored, as applicable, but is NOT a solicitation or recommendation to buy, sell or hold the stocks of the company(s) or engage in any investment activity under discussion. Kalkine Media is neither licensed nor qualified to provide investment advice through this platform. Users should make their own enquiries about any investments and Kalkine Media strongly suggests the users to seek advice from a financial adviser, stockbroker or other professional (including taxation and legal advice), as necessary. Kalkine Media hereby disclaims any and all the liabilities to any user for any direct, indirect, implied, punitive, special, incidental or other consequential damages arising from any use of the Content on this website, which is provided without warranties. The views expressed in the Content by the guests, if any, are their own and do not necessarily represent the views or opinions of Kalkine Media. Some of the images/music that may be used on this website are copyright to their respective owner(s). Kalkine Media does not claim ownership of any of the pictures displayed/music used on this website unless stated otherwise. The images/music that may be used on this website are taken from various sources on the internet, including paid subscriptions or are believed to be in public domain. We have used reasonable efforts to accredit the source wherever it was indicated as or found to be necessary.


AU_advertise

Advertise your brand on Kalkine Media

Sponsored Articles


Investing Ideas

Previous Next
We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it.