One sure shot way to get your portfolio going, irrespective of the market movement is to diversify the stock investments. Some small cap stocks which are beating all odds in the current market conditions and climbing up the ASX ladder are discussed herein.
Updates and Financials:
METALLICA MINERALS LIMITED (ASX: MLM) – Metallica and Mellior merger creates a diversified Queensland mining company with an attractive portfolio capable of delivering shareholder value. Expected to generate significant cashflows with average EBITDA of ~$14 million per annum over 9-year mine life. The company has entered into a binding access agreement with the stakeholder in relation to the construction of a haul road connecting the Urquhart Bauxite project to the established barge loading facilities at Hey Point. The cash balance as at June 30, 2018 is AU$ 6 million with zero or no debt represents healthy balance sheet. As at November 9, 2018, the stock of MLM traded higher at a market price of $0.040 it has witnessed a performance change of -34.04% over the past one year with a market capitalization of A$9.99 million.
PROTEOMICS INTERNATIONAL LABORATORIES LTD (ASX: PIQ) – The global personalized medicine market was valued at USD 1,000 billion in 2014 and is expected to reach USD 2,452 billion in 2022. The consolidated loss for the year 2018 stands at $1,440,108, even though the revenue increased from $1,860,592 in 2017 to $2,150,923 in 2018. Revenue from ordinary activities summarizes income from the company’s analytical services, licensing fees, and grant income including the R&D Tax incentive. As at 30 June 2018 the company had cash reserves of $2.5 million. On the back of the Company’s research and development focus it anticipates an R&D Tax Incentive cash rebate of $844,123, to be received in the December quarter. As at November 9, 2018, the stock of PIQ traded higher at a market price of $0.310 it has witnessed a performance change of 55.56% over the past one year with a market capitalization of A$22.43 million.
THE BETMAKERS HOLDINGS LTD (ASX: TBH) – The Board of the BetMakers Holdings Limited is pleased to announce two new senior management appointments Mr. Anthony Pullin and Mr. Jake Henson. The company successfully sold its TopBetta and Mad Bookie assets on June 30, 2018, for $6million, with $3million paid to date and a further $3million was paid on or before September 30, 2018 as part of the deferred payment sale agreement. The loss for the group after providing for income tax amounted to $5,976,540 as compared to the loss in 30 June 2017 of $7,618,257. As at November 9, 2018, the stock of TBH traded higher at a market price of $0.070 near its 52-week low and it has witnessed a performance change of -81.08% over the past one year with a market capitalization of A$13.22 million.
P/BV for MLM, PIQ and TBH, Source: Thomson Reuters
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