Are these 5 NZX Penny Stocks Gaining Investors' Attention- RAK, AFC, APL, BLT, BFG?

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Penny stocks usually trade at a very low price, mostly below $1 and in the US at a price less than $5. Such stocks have low market capitalisation and are highly speculative in nature.

Hence, venturing into the right penny stock can turn even a paltry investment into a big fortune. On the other hand, due to high volatility, these penny stocks carry investment related risks. 

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Let us now glance through the latest updates from 5 NZX listed penny stocks.

Rakon Limited (NZX:RAK)

On 18 January 2021 global high technology company, Rakon Limited announced its earnings guidance of FY2021. It plans to achieve an underlying EBITDA in the range of $20 million to $22 million for FY2021 as compared to $14.8 million of pcp.

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RAK boasts of strong financial results in HY2021 for the period ended 30 September 2020. The Company saw an increase in the revenue of $59.5 million in HY2021 as compared to $56.9 million in HY2020. Also, its NPAT was enhanced to $4.6 million, up $3.3 million of pcp.

INTERESTING READ: Can these 5 Penny Stocks-RAK, MPG, STU, TLL, GEO make New Highs in Coming Days?

On 24 February 2021, at the time of writing, RAK was trading at $0.93, decreasing by 3.13%.

AFC Group Holdings Limited (NZX:AFC)

On 30 November 2020, food researcher and developer, AFC Group announced interim financial statements ended 30 September 2020.

The Group reported revenue of $288k, while gross profit margin went down to 10% owing to stock clearance at a lesser price. AFC reported a net loss of $317 thousand for the said period.

Further, $19k was reported as cash and cash equivalent and net assets amounted to $2,246k, decreasing by 12% versus company's position on 31 March 2020.

AFC focusses on maintaining a prudent approach considering the present circumstances and aims for sustained business growth.

INTERESTING READ: Why are investors looking at these stocks - AFC, NTL, IKE, and MFT?

AFC last traded at $0.001 on 22 February 2021.

Asset Plus Limited (NZX:APL)

On 16 February 2021, the Company announced its interim quarter dividend ended 31 December 2020.

A gross dividend amounting to 0.56 cps was declared, payment of which will be made on 3 March 2021. Supplementary Dividend of 0.05004 cps will be paid to its non-resident shareholders.

Also, the Group plans to give a steady dividend to its investors in future.

Further, APL recently reported the sale of its Eastgate Shopping Centre in Christchurch for $43.45 million to a private investor.

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On 24 February 2021, at the time of writing, APL was trading at $0.355, decreasing by 1.39%.

Blis Technologies Limited (NZX:BLT)

On 11 February, Blis Technologies released its YTD performance and earnings guidance.

For YTD period, BLT saw an upwards trend in both the trading revenue and EBITDA. The trading revenue was $8.2 million up 10% for the 9 months ended 31 December 2020 and EBITDA grew at $1.5m up 12%.

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Also, during Q4 of FY20, Blis saw a fierce increase in consumers demand owing to COVID 19 outbreak.

On guidance front, EBITDA is likely to fall between $1 million-$1.3 million in FY21. While sales revenue for the same period is anticipated to remain stable versus the milieu of FY20, which demonstrated an increase over pcp.

INTERESTING READ: Blis Technologies (NZX:BLT) offer an update on performance and earnings guidance

On 24 February 2021, at the time of writing, BLT was trading at $0.066, rising by 3.13%.

Burger Fuel Group Limited (NZX:BFG)

On 27 November 2020, the Group announced its six months report ended 30 September 2020.

During the period, the Company noted a decrease of 34.5% in NPAT amounting to $358,901 on pcp. Group Operating Revenue of $8.2 million was down by 22.7% on pcp. This decrease was attributed to reduction in sales due to the pandemic.

Further, the Company had cash reserves of $6.8 million, with no debt as reported on 30 September 2020.

BurgerFuel NZ noted a decrease in total sales by 15.6% on pcp due to the lockdown across the nation in April and May last year.

On 24 February 2021, at the time of writing, BFG was trading at $0.395, decreasing by 3.66%.

INTERESTING READ: NZX listed 3 Attractive Small Cap stocks under the lens in 2021- BLT, BFG, BRM



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