Proteomics International Laboratories Ltd (ASX: PIQ) has announced that it will receive an amount of $928,399 for the sale of its shareholding in CPR Pharma services Pty Ltd. This sale is due on or about 30 September 2018. The memorandum of understanding between proteomics International and CPR remains in place which targets advanced diagnostics and analytical services for clinical trials. In March 2018, Proteomics International issued 3,868,305 ordinary PIQ shares at a deemed issue price of $0.3045 to acquire 10% of the fully diluted issued share capital of CPR. The share, therefore, equates to receipt of $0.24 per PIQ share issued. The issued share will be remained in escrow until 4 March 2019. With this news, the stock price tumbled 1.754% as on 17 November 2018.
In the Financial year 2018, revenue from the ordinary activities from the company’s analytical services reached $1,176,457 which was a 27% increase from the previous year. Company’s combined income from all sources rose 16% to $2.15m. The loss of $1,440,108 from ordinary activities reflects normal operational costs and non-cash items.
PIQ’s share traded at $0.280 at the market capitalization of 22.83m as on 17 September 2018(AEST 4:47 PM).
The Income available from dividends remains attractive for many investors.
We take a look at the best yields on the market and assess what they say about a company’s prospect.
One Thing is certain, though, Australia interest rates are still low, making income difficult to come by and keeping the focus for many investors on high yielding stocks. Kalkine’s team of analysts bought you handpicked report for “Top 25 Dividend Stocks For 2018.”
ASX-relevant Special Reports are published year-round to provide a detailed analysis into an investing opportunity or a potential risk to your portfolio.
Click here to get your free report.
The advice given by Kalkine Pty Ltd and provided on this website is general information only and it does not take into account your investment objectives, financial situation or needs. You should therefore consider whether the advice is appropriate to your investment objectives, financial situation and needs before acting upon it. You should seek advice from a financial adviser, stockbroker or other professional (including taxation and legal advice) as necessary before acting on any advice. Not all investments are appropriate for all people. Kalkinemedia.com and associated websites are published by Kalkine Pty Ltd ABN 34 154 808 312 (Australian Financial Services License Number 425376). website), employees and/or associates of Kalkine Pty Ltd do not hold positions in any of the stocks covered on the website. These stocks can change any time and readers of the reports should not consider these stocks as advice or recommendations.
There is no investor left unperturbed with the ongoing trade conflicts between US-China and the devastating bushfire in Australia.
Are you wondering if the year 2020 might not have taken the right start? Dividend stocks could be the answer to that question.
As interest rates in Australia are already at record low levels, find out which dividend stocks are viewed as the most attractive investment opportunity in the current scenario in our report.