3 Stocks Riding High – UCM, DNA and DRO

The Christmas holidays finally brought some relief to the markets as the ASX is lifted to the best session in two years. Both S&P/ASX 200 and all ordinaries have seen more than 100 points jump as at December 27, 2018. Three stocks from diversified sectors which closed in green are discussed as follows.

USCOM LIMITED (ASX: UCM) – The total income for the year has gone down by 18% to $2.9 million in the year 2018. The total equity has reached $4.8 million to be up by 28% from the previous year. With an increase of 50% in cash to $2.5 million, the total assets were up by 19% to $5.4 million. The R&D investment is approximately $1 million. The company intends to develop opportunities associated with the recently established Uscom China in Beijing and states China as a major market. The stock price surged up by 25% to trade at $0.150 due to the company expansion announcement, and the market cap at current price is at $16.49 million. 

DONACO INTERNATIONAL LIMITED (ASX: DNA) – The company announces changes in the board as Mr. Rob Hines says that he intends to resign from the Board and has given notice with effect from 31 December 2018 after serving for five years as a Non-Executive Director. The total debt owing to Mega Bank is USD 39.9m, and it is not secured against the Aristo business it is secured only against the assets of the Star Vegas business. The 2018 financial year was one of the challenges, changes and significant progress. The underlying earnings result produced a net profit of $18.3 million, after adjusting for the non-recurring items. The stock price surged up by 49.02% to trade at $0.076 due to the consumer sector doing well overall, and the market cap at current price is at $42 million.

DRONESHIELD LIMITED (ASX: DRO) – For usage by a Central American government agency, as announced in October 2018, U.S. regulator has approved for the sale of DroneGuns TacticalTM and DroneSentryTM. The focus of the company to the counter-drone industry has been brought by the Events at Gatwick Airport. Thales S.A. with a market capitalization of approximately €15.8 billion has entered into an Agreement with DroneShield. With Patersons Securities Limited acting as the Lead Manager on 17 October 2018, DroneShield launched a $750,000 Share Purchase Plan. The stock price surged up by 24.138% to trade at $0.180 due to the recent announcement, and the market cap at current price is at $26.4 million.


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