Why are these 3 ASX-Listed Share Price Under the Lens - Sezzle, Splitit & ASM?

  • Sep 16, 2020 AEST
  • Team Kalkine
Why are these 3 ASX-Listed Share Price Under the Lens - Sezzle, Splitit & ASM?

Summary

  • Sezzle and Splitit Payments were added in the S&P/ASX All Technology Index in September 2020 quarterly rebalance. This shall be effective at the open on 21 September 2020.
  • During the 1H 2020, Sezzle’s underlying merchant sales (UMS) & total income climbed 338% and 384%, respectively.
  • Splitit Payments witnessed record growth in the first half MSV increased 133% in first-half and 260% in the second quarter on YoY.
  • Australian Strategic Materials successfully manufactured high-purity dysprosium (Dy) metal in its Korean Ziron Tech facility laboratory; The Company is focused on manufacturing zirconium metal by September end.

The Australian markets have recently witnessed some ups and downs, though the fluctuations have been minor. The benchmark index, S&P/ASX 200, ended today’s session at 5,956.1 points, up by 1.04%, following a slight fall the previous day. Technology stocks led the way with the S&P/ASX All Technology Index witnessing a gain of 3.02%, followed by the S&P/ASX 200 Information Technology Sector with an increase of 2.37%.

Here, we will acquaint you with 3 ASX-listed stocks that are under the spotlight- Sezzle, Splitit and ASM.

Sezzle Inc (ASX:SZL)

ASX-listed, rapidly-growing fintech company, Sezzle Inc is on a mission to financially empower the next generation. The Company’s payment platform boosts the purchasing power for 1.6 million Active Consumers by providing interest-free instalment plans at online stores along with select in-store locations.

On 16 September 2020, Sezzle share price closed the day’s session at A$7.260, up by 9.009%. With a market capitalisation of A$1.3 billion, SZL has almost 195.44 million shares trading on the ASX.

Sezzle added in S&P/ASX All Technology Index

In September 2020 quarterly rebalance, Sezzle was added in S&P/ASX All Technology Index. This shall be effective once trading opens on 21 September 2020.

Financial Results for 2020 First Half:

On 21 August 2020, Sezzle updated the marker with its financial results for 1H 2020 (period ended 30 June 2020). The quick highlights are-

  • During the period, underlying merchant sales (UMS) & total income climbed 338% and 384% YoY, respectively.
  • The number of active consumers & active merchants reached 1.5 million and 16.1K, respectively, representing YoY surges of 243% and 219%, respectively as of 30 June 2020.
  • Strong positive trends continued in July 2020 with UMS of nearly US$71.8 million, representing a record month and 14.6% above the average monthly pace for the second quarter of 2020.

Source: SZL Presentation

Karen Hartje CFO Sezzle commented-

Outlook

Sezzle reiterates its UMS guidance of attaining an annualised run rate in surplus of US$1.0 billion by the end of 2020.

ALSO READ: Some stocks that have helped investors cash-in the bets: PointsBet, Sezzle

Splitit Payments Ltd (ASX:SPT)

ASX-listed, Sydney-based company Splitit Payments Ltd is a payment method solution provider that enables customers to pay for purchases with an existing debit or credit card. The customer can split the cost into interest and fee-free monthly payments, with no additional applications.

The Company allows merchants to provide their customers with an easy way to pay for purchases in monthly instalments with instant approval, decreasing cart abandonment rates and increasing revenue.

On 16 September 2020, Splitit share price closed the day’s session at A$1.550, up by 6.164%. With a market capitalisation of A$570.57 billion, SPT has almost 570.57 million shares trading on the ASX.

SPT added in S&P/ASX All Technology Index

In September 2020 quarterly rebalance, Splitit Payments was added in S&P/ASX All Technology Index. This shall be effective from 21 September 2020.

Splitit Payments Witnessed Record Growth in First Half 2020

On 11 September 2020, Splitit Payments updated the market with its investor’s presentation mentioning its growth in the first half of FY2020.

Source: SPL Presentation

Splitit Payments disclosed that technology-enabled strategic & distribution partnerships to push industry innovation along with scalable growth.

It is noteworthy to mention that Splitit Payments platform integrations are proceeding appropriately. The Company said it is on track to speed up card-based instalment payments, resulting in increased large merchant acceptance as well as MSV.

Australian Strategic Materials Limited (ASX:ASM)

ASX-listed NSW-located Australian Strategic Materials Limited is focused on the production of specialty metals and oxides for advanced technologies. The Company is the complete (100%) owner of the Dubbo Project. Australian Strategic Materials’ keystone Dubbo Project has a long-term resource of rare earth, niobium, zirconium, and hafnium.  The Company, together with its partners, is engaged in the advancement of metallisation technologies and oxide separation.

On 16 September 2020, ASM share price closed the day’s session at A$2.090, down by 2.336%. With a market capitalisation of A$254.77 billion, ASM has almost 119.05 million shares trading on the ASX.

ASM Manufactures Key Heavy Rare Earth Dysprosium Metal in Korea

On 15 September 2020, ASM disclosed that the Company had successfully manufactured high-purity dysprosium (Dy) metal in its Ziron Tech facility laboratory. The Company produced 0.76kg of heavy rare earth metal Dy.

ASM stated that work using the Company’s metallisation process had verified the production capability of ASM to manufacture the key permanent magnet metals (neodymium, dysprosium, & praseodymium) and alloys. The Company disclosed that these should be sourced from its Dubbo Project in central west New South Wales.

ASM disclosed that now the Company’s is focused on manufacturing zirconium metal by September end.

ASM Managing Director, David Woodall stated-

Earlier, on 8 September 2020, ASM announced that it had successfully produced 9 kg of the key permanent magnet alloy NdPr (Neodymium Praeseodymium) at its South Korea-based commercial pilot plant.  The Neodymium Praeseodymium was assayed 99.65%.

Australian Strategic Materials is progressing the production of 200kg NdPr metal as part of a program between Ziron Tech and the Korea Institute of Industrial Technology to manufacture a 600 kg sample of permanent magnets for Korean industry.

 

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