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Automotive Holdings Group Limited
The Perth-based Automotive Holdings Group Limited (ASX:AHG) is a diversified automotive retailer logistics company with operations in New South Wales, Western Australia, Queensland, Victoria as well as New Zealand.
Automotive Holdings has a market capitalisation of 542.2 million with approximately 331.62 million outstanding shares. With the close of the trading session on the ASX on February 18th, 2019, the last sell-off price for the AHG stock stood at AUD 1.775, up 8.563%, indicating an intra-day gain of AUD 0.140. Also, AHG has generated a positive YTD return of 7.57% so far.
The sudden surge in the stock price follows the steep dip (8.1465) on Friday, February 15th, 2019 prior to which the company informed of a non?cash impairment of approximately $ 226?million in its Half-Yearly Results to be announced on Friday, February 22nd, 2019. These charges are concerned with the Refrigerated Logistics ($ 79 million) and Franchised Automotive ($ 147 million) business units and indicate a unprogressive state of the balance sheet given the soft market conditions, leading to underperforming brands and slump business locations.
As for the automotive sector, regulatory amendments to automotive finance and insurance, tightening of the lending practices and the negative sentiment in property prices, especially in Sydney and Melbourne, have all impacted the automotive sector.
In the trading update and FY2019 earnings outlook released by the company in November 2018, it was reported that the trading in the first four months of FY2019 was lower than expected with full?year operating net profit after tax (NPAT) forecast in the range of $ 56 million to $ 59 million. Moreover, Automotive Holdings also revealed its perception and outlook around the possible impact of the recommendations of the Financial Services Royal Commission on car dealers. The company believes that there will be no impact whatsoever in the current financial year ending June 30th, 2019, if any, in the following year.
Breville Group Limited Â
The Alexandria-based Breville Group Limited (ASX:BRG) is a company engaged in designing, developing, and commercialising small electrical kitchen appliances across North America, the United Kingdom, Australia, Austria, Hong Kong, New Zealand and other countries worldwide.
The Group has a market capitalisation of AUD 1.82 billion with approximately 130.1 million outstanding shares. At the close of the trading session on February 18th, the last sell-off price for the BRG stock was AUD 14.370, up by 2.643%, indicating an intra-day gain of 0.370 points. Around 310,810 volume of shares were traded in total. The stock has yielded positive returns such as 20.27% in the last six months and 17.35% in the previous three months. It has also generated a high YTD return of 34.23% so far.
The upswing in the stock performance can be attributed to the impressive Half Year Ended December 31st, 2018 (1H FY2019) results revealed by the company. Some of the key highlights include revenue growth by 15.4% to AUD 440.4 million from AUD 381.8 million in 1H FY2018 stemming from a robust growth driven by business and geographical expansion. The EBIT value continued to grow by 12.9% to AUD 62.3 million (1H FY2018: AUD 55.2 million) while the EBIT margin stayed broadly steady at 14.2%. Besides, the NPAT grew by 19.7%, boosted by the AUD 1.6 million reductions in deferred tax asset in the USA in FY2018. Also, the interim dividend of 18.5 cents per share (60% franked) was paid out.
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