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Highlights
- The S&P/ASX 200 is performing quite well this quarter, with a gain of about 10%, as of 21 December 2022.
- As per TerraCom, FY22 saw record operating EBITDA of AU$488 million.
- Lindian Resources has completed a capital raising program to fund a key acquisition.
The S&P/ASX 200, known as the institutional investable benchmark in Australia, has lost around 4.4% this year. The index is known to evaluate the performance of the 200 biggest index-eligible stocks listed on the Australian Securities Exchange (ASX).
The index is performing quite well this quarter, with a gain of nearly 10%, as of 21 December, 2022 .
On that note, we at Kalkine Media® will discuss a few stocks listed on the ASX. These stocks have seen a significant surge in their performance in the year-to-date (YTD) period.
TerraCom Limited (ASX:TER)
During mid-December, TerraCom Limited paid a dividend of AU$0.1 per share for the quarter ended 30 September 2022. The company owns coal exploration tenement areas in Queensland, Australia. It also has a group of assets in South Africa. During FY22, the company registered record operating EBITDA of AU$488 million.
The company highlights a positive outlook on the coal market. It believes that TER is in a strong position to maximise earnings from its operations.
Lindian Resources Limited (ASX:LIN)
Lindian Resources has a portfolio of high-grade bauxite assets in Africa. Recently, the company announced a placement worth AU$16 million of nearly 73.45 million fully paid ordinary shares.
The company will use the funds towards making the second payment of US$7.5 million related to the acquisition of Rift Valley Resource Developments Ltd. The development will allow Lindian to acquire 100% of the globally significant Kangankunde Rare Earths Project and project development works.
Latin Resources Limited (ASX:LRS)
Australia-based mineral exploration company Latin Resources is focused on developing mineral projects in commodities that are focused on meeting the global goal of net-zero emissions.
Cardno Ltd (ASX:CDD)
Cardno is an infrastructure, environmental and social development company, engaged in promoting sustainable economic development and enhancing the well-being of people in developing countries.
In June 2022, Cardno completed the sale of its International Development business to DT Global. In December 2021, the company completed the sale of the Asia Pacific and Americas Consulting divisions to Stantec Inc.
CDD continues to operate its engineering and consultancy business through its Latin American (Entrix) group companies.
