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On 29 July 2019, post the closure of the trading session, the Australian Benchmark index S&P/ASX 200 index was at 6825.8, which is ~0.5% above the previous close. Letâs look at the latest updates on the six stocks belonging to different sectors which are Powerwrap Limited (ASX: PWL), GBST Holdings Limited (ASX:GBT), Medibio Limited (ASX:MEB), XPED Limited (ASX: XPE), Whispir Limited (ASX:WSP) and YPB Group Ltd (ASX:YPB).
Powerwrap Limited
Powerwrap Limited (ASX: PWL) provides wealth management platform for the advisors and brokers to administer, manage and report on their client portfolios. Beside that it also offers a unique back office services pertaining to the premises, licensing, technology, compliance, finance and payroll, for teams of brokers or advisors looking to start their own businesses.
June Quarter Results
On July 29, 2019, Powerwrap published its June 2019 quarter report where it highlighted that its Funds Under Administration (FUA) increased to $8.1 Bn which is $550 Mn above the prospectus forecast. The strong result can be attributed to a combination of new inflows and positive market performance during the quarter. The FUA increased by $520 Mn and $976 Mn in the June Quarter and FY2019, respectively. The Net Inflows was reported at $199 Mn and $575 Mn in the June Quarter and FY2019, respectively, which was driven predominantly by Escala and a new Tickr client. During the quarter, PWL signed 4 new service agreements with advice groups, Sempre, Consilium, Banyan Tree and Candour Capital.
The company has strong balance sheet with $20 Mn in cash and no debt.
Funds Under Administration Growth Data (Source: Companyâs Report)
Outlook: The company is focused on growing its business in its high net-worth market segment. It has a strong pipeline of potential new business, including targeting breakaway advisor groups.
Stock Information
On 29 July 2019, PWLâs stock settled the dayâs trade at A$0.27 down by 10%, with the market cap of ~A$61.75 Mn. Its 52 weeks high and low stands at A$0.465 and A$0.235, respectively, with an annual average volume of 963,635. It has generated an absolute return of 3.45% in the last month period.
GBST Holdings Limited
GBST Holdings Limited (ASX:GBT) has an engagement in the client accounting as well as securities transaction technology solutions for the banking and financial system globally. Its mobile and website platform are focused on the financial services industry and e-commerce in Europe and Australia.
Signed Binding Scheme Implementation Deed with FNZ
On July 29, 2019, GBT announced that it has entered into a binding scheme implementation deed with FNZ where FNZ will acquire 100% of the shares in GBST by way of a Scheme of Arrangement. The Agreement states that GBT shareholders will receive A$3.85 in cash per share, which will be reduced by the amount of any special dividend of up to A$0.35 per share. The Scheme Consideration values the equity of GBT at approximately A$269 million (assuming existing options and performance rights vest in full) and represents an attractive premium of:
- 94.9% to the undisturbed closing price of GBST shares on 11 April 2019, being the last close price prior to the initial proposal from Bravura Solutions Limited dated 12 April 2019; and
- 106.2% to the 30-trading day volume weighted average price to 11 April 2019.
Indicative Scheme Timeline (Source: Companyâs Report)
On May 3, 2019, GBT announced about its successful placement of shares.
Stock Information
On 29 July 2019, GBTâs stocka settled the dayâs trade at A$3.9 up 5.405%, with the market cap of ~A$251.28 Mn. Its current PE multiple is at 33.730x and its last EPS was noted at A$0.110. Its 52 weeks high and low stands at A$3.950 and A$1.195, respectively, with an annual average volume of 232,552. It has generated an absolute return of 76.19% for the past one year, 178.20% for the past six months, and 43.97% for the past three months.
Medibio Limited
Medibio Limited (ASX:MEB) conducts clinical research, product development and early stage commercialization of a mental health technology to assist in the screening, monitoring, diagnosing and management of depression and other mental illness.
MEB collaborates with WellteQ
On July 29, 2019, MEB announced that it has entered into a partnership with Digital Corporate Wellness Solution leader WellteQ, to work together to implement a unique digital solution incorporating MEBâs mental well-being assessment into WellteQâs personalised and holistic wellness platform. Both companies will maintain ownership of all Intellectual property in their respective platforms. The initial geography will be specific to the rapidly growing APAC (Asia-Pacific) region.
Companyâs Strategy Overview (Source: Companyâs Report)
On February 28, 2019, MEB published its half - yearly report.
Stock Information
On 29 July 2019, MEB settled the dayâs trade at A$0.022 up by 29.412%, with the market cap of ~A$4.82 Mn. Its 52 weeks high and low stands at A$0.224 and A$0.008, respectively, with an annual average volume of 4,330,673. It has generated an absolute return of -91.73% for the past one year, -10.53% for the past six months, and -5.56% for the past three months.
XPED Limited
XPED Limited (ASX: XPE) provides solutions in Smart Home & Consumer, professional health technology and Smart buildings, through its core technology strengths such as ADRC, Xped App, Gateway Solutions, Cloud Infrastructure, its range of devices and interoperability.
XPE obtains Refundable Tax Offsets
On July 26, 2019, XPE announced that it has received refundable Tax Offsets for Research and Development from the Australian Taxation Office and AusIndustry under the R&D Tax Incentive program. Working with professional advisers, the Company submitted and received by way of R & D refundable tax offset $1,634,607 for the 2017/2018 income year. The company is expected to begin discussions with the Australian Tax office to negotiate a mutually acceptable payment plan with respect to the relevant amount of tax payable. It expects that these matters would be resolved in their favour in the due course.
March â19 Quarter Operating Cash Flow Statement (Source: Companyâs Report)
Stock Information
On 29 July 2019, XPEâs stock settled the dayâs trade at A$0.001, down by 50%, with the market cap of ~A$3.01 Mn. Its 52 weeks high and low stands at A$0.004 and A$0.001, respectively, with an annual average volume of 1,420,380. It has generated an absolute return of -33.33% for the past one year, -20.00% for the past six months, and 100% for the past three months.
Whispir Limited
Whispir Limited (ASX:WSP) provides automate solutions in the operational communications process, business resilience and customer engagement.
Q4 FY19 Activities Report
On July 29, 2019, WSP published its Q4FY19 activities report, where it highlighted that its customer cash receipts increased by 22% on pcp to A$8.3 Mn. During the period, WSP launched developers.whispir.com extending its Application Programming Interface (API) proposition for developers. Companyâs cash and cash equivalent balance at the end of June â19 Quarter was reported at $26.8 Mn, which is ahead of expectations as a result of better than forecast working capital performance driven by higher customer receipts and expense savings.
The company also stated investing in building sales capacity with 5 new hires in Q4FY19 across ANZ and Asia tasked with managing a balanced book of both direct and channel sales.
Stock Information
On 29 July 2019, WSPâs stock settled the dayâs target at A$1.465, down by 1.678%, with the market cap of ~A$.01 Mn. Its 52 weeks high and low stands at A$1.740 and A$1.320, respectively, with an annual average volume of 227,869. It has generated a return of -6.29 percent in the last month period.
June â19 Quarter Operating Cash Flow Data (Source: Companyâs Report)
Outlook: The company focuses on expanding and refining its product offering to meet the evolving communications needs of its diverse customer base. It is well funded to take advantage of US$8 billion addressable market by 2024.
On June 19, 2019, WSP started trading on ASX with its 29.4 Mn of shares at $1.60 per share.
YPB Group Ltd
YPB Group Ltd (ASX:YPB) is involved in development, marketing related solutions such as anti-theft, consumer engagement, anti-counterfeiting and product authentication solutions to the brand owners worldwide.
YPB fast-tracks to 100 million ProtectCodes TM issued
On July 29, 2019, YPB announced that it has reached an important milestone of over 100 Mn proprietary QR codes, known as âProtectCodesâ, as compared to 75 Mn âProtectCodesâ as announced on May 28, 2019, which was reached in around 24 months from the launch of âConnectâ. These âProtectCodesâ were issued to existing customers of companyâs âConnectâ platform, which is YPBâs proprietary software platform.
March â19 Quarter Operating Cash Flow Data (Source: Companyâs Report)
Stock Information
On 29 July 2019, YPBâs stock settled the dayâs trade at A$0.012, surging up by 50% from its prior close, with the market cap of ~A$7.34 Mn. Its 52 weeks high and 52 weeks low stands at $0.038 and $0.005, respectively, with an annual average volume of 2,731,995. It has generated an absolute return of -65.22% for the past one year, -57.89% for the past six months, and 33.33% for the past three months.
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