Are these 2 Next Gen Stocks – MP1, HLO

The below-mentioned two stocks have recently released their half-year results for FY 2019 and both the stocks have reported significant improvements in their revenues. Let’s take a closer look at these stocks-

Megaport Limited (ASX: MP1)

Megaport Limited (ASX: MP1) is mainly involved in providing Elastic Interconnection services to its customers. The company has pioneered the virtualization of the network and data interconnection and it empowers its customers with advanced connectivity services through a robust ecosystem and virtualized network.

Recently, the company released its half-year results for FY 2019. For the half-year period, the company reported the revenue of $15.184 million which is 71.9% higher than the previous corresponding period. The company’s business generated a profit after direct network costs of $4.8 Million for the half-year period which is 131% as compared to pcp.

In December 2018, the company earned recurring revenue of $2.7 million which is 37% higher than the recurring revenue earned in June 2018. In the first half, the company’s North America region increased its Monthly Recurring Revenue (MRR) from $0.55 Mn, in June 2018, to $1.0 Mn at the end of December 2018 representing an 80% growth during the half year period. For the half-year period, the company reported a net loss of $16.6 million. As at 31 December 2018, the Company had a cash position of $38.1 million.

Meanwhile, in the last six months, the share price of Megaport Limited increased by 5.46 percent as on March 01, 2019. MP1’s shares traded at $4.250 with a market capitalization of circa $507.01 million.

Helloworld Travel Limited (ASX: HLO)

Helloworld Travel Limited (ASX: HLO) is a travel-distribution company which provides international and domestic travel products and services to its customers. The company is having a diverse array of brands across four key pillars of business: Retail, Corporate, Wholesale and Inbound and it is having over 2300 members of its travel agency networks in Australia and New Zealand.

Recently, the company was in news, when the former Helloworld executive, Russell Carstensen met with Australia’s ambassador to the United States, Joe Hockey. Russell Carstensen has alleged that Helloworld’s CEO Andrew Burnes has set up this meeting, however, Andrew Burnes has denied this allegation. Andrew Burnes corrected the erroneous information aired in Senate Estimates by stating that he has not organized any meetings between Russell Carstensen and Joe Hockey. He further informed that he and Mr. Hockey did not discuss the meeting in Washington at any time after it took place.

In the first half of FY 2019, the company’s TTV (Total Transaction Value) and revenue increased by 6.1% and 7.7% respectively as compared to pcp, driven primarily by Australian Retail, underpinned by the company’s business expansion. For the first half, the company reported EBITDA of $42.0 million which is 5.6% higher than pcp.  The Board has declared an interim dividend of 8.0 cents per share, fully franked for the half year ended 31 December 2018, which will be paid on 15 March 2019.

Meanwhile, in the last six months, the share price of Helloworld Travel decreased by 12.78 percent as on March 01, 2019. HLO’s shares last traded at $4.71 with a market capitalization of circa $592.66 million.


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