Is the market liking these 3 Small-cap stocks – BAL, HTA and GED

August 30, 2018 05:33 PM AEST | By Team Kalkine Media
 Is the market liking these 3 Small-cap stocks – BAL, HTA and GED

BELLAMY'S AUSTRALIA LIMITED (ASX:BAL) - The market price of the stock is $11.360 as at close of trading hours as at Aug 30, 2018. The company recently announced full year results posting 37% increase in sales and 65% growth in normalized EBITDA, for the period ended 30 June 2018. Compared to $0.8 million net loss reported last year, despite tough market conditions, the company reached to $42.8 million of net profit after tax. The stock was down 5% while negative sentiments are on the rise and regulatory uncertainties in China hover around the group. Bellamy’s efforts to maintain strong growth continues with sales increasing up to 37% and EBITDA increasing up to 65%. The company has $88 million cash in hand with no debt and has also made $39 million in FY 2018 supply-chain investments. The company’s gross margin improved by 5.8% in 2H 2018. [optin-monster-shortcode id="wxhmli4jjedneglg1trq"]

HUTCHISON TELECOMMUNICATIONS (AUSTRALIA) LIMITED (ASX:HTA) - To establish a fully integrated telecommunications operator in Australia, TPG Telecom Limited and Vodafone Hutchison Australia Pty Ltd are agreeing to a proposed merger of equals with the enterprise value of approximately $15.0 billion. The key financials from the proposed merger include EBITDA of over $1.8bn, Operating Free Cash Flow of $0.9bn, revenue of over $6.0bn and an investment grade credit profile with healthy cashflows which in turn will support an attractive dividend for the company. The market price of the stock is $0.180 as at close of trading hours as at Aug 30, 2018. The stock has no dividend declared during the year. The company reported a net loss of $10.3 million for the year ending June 30, 2018 representing a decline of $0.3 million from the prior corresponding period.

GOLDEN DEEPS LIMITED (ASX:GED) - For the issue of 36,666,667 shares, at an issue price of $0.06 per Share, the company announced a capital raising of approximately $2,200,000 before costs, on May 8, 2018. During the quarter ending June 30, 2018, the company planned for a 4,600 metre RC percussion drilling program at the Christiana deposit. The company holds an 80% interest in the Grootfontein Vanadium and Base Metal Project. The company has cash and cash equivalents at the end of quarter of June 30, 2018 of $2.111 million. Golden Deeps also holds the Abenab-Christiana historical mines in Namibia. The company also has up to 100% interest in the projects. The market price of the stock is $0.040 as at close of trading hours as at Aug 30, 2018. With a negative EPS of -0.003 AUD the company has no dividend to declare during the year.

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