Whitehaven Coal Ltd
.png)
WHC Details
·
Reserves’ Enhancement and Upgrade at Maules Creek: Whitehaven Coal Ltd (ASX: WHC) stock surged over 4.3% on August 16, 2016 as the group enhanced its Coal Reserves. Although Coal Resources fell by 8Mt from 4037Mt in August 2015 to 4029Mt in August 2016, the group’s Coal Reserves rose 94Mt to 982Mt while Marketable Reserves enhanced 82Mt to 883Mt against August 2015. This increase is mainly driven by the Open cut Coal Reserves at Maules Creek which rose 129Mt to 510Mt after an infill drilling program and revised mine plan that incorporates an extensive area in the north of the project area. Marketable Reserves rose 111Mt to 460Mt at the Mine. WHC stock generated over 401.33% in the last six months (as of August 15, 2016).
· Recommendation: We put a “Hold” recommendation on the stock at the current price of $1.96
.png)
Whitehaven Coal resources update (Source: Company Reports)
Aconex Ltd
.png)
ACX Details
·
Solid cash flow:Aconex Ltd (ASX: ACX) stock surged over 3.5% on August 16, 2016 on investors’ hopes of better preliminary earnings set to release in August 2016. The group has a cash balance of $50.0 million as at 30 June 2016 and net cash receipts from customers rose 40% on a year over year basis during the June quarter and delivered a 38% rise for the full year. The group finished its acquisition of Conject, a leading cloud and mobile collaboration service provider in Europe and other region during the quarter. The group issued a share purchase plan (SPP) under which eligible shareholders bought 2.3 million shares at an issue price of $5.20, to raise $12.0 million. Post this, the group raised over $120 million in March to finance the Conject acquisition and boost the group’s working capital. On the other hand, ACX stock already rallied over 95.5% (as of August 15, 2016) in the last six months.
·
Recommendation: We give an “Expensive” recommendation on the stock at the current price of $8.05, and would review the stock at a later date.
Disclaimer
The advice given by Kalkine Pty Ltd and provided on this website is general information only and it does not take into account your investment objectives, financial situation or needs. You should therefore consider whether the advice is appropriate to your investment objectives, financial situation and needs before acting upon it. You should seek advice from a financial adviser, stockbroker or other professional (including taxation and legal advice) as necessary before acting on any advice. Not all investments are appropriate for all people. Kalkine.com.au and associated pages are published by Kalkine Pty Ltd ABN 34 154 808 312 (Australian Financial Services License Number 425376).The information on this website has been prepared from a wide variety of sources, which Kalkine Pty Ltd, to the best of its knowledge and belief, considers accurate. You should make your own enquiries about any investments and we strongly suggest you seek advice before acting upon any recommendation. Kalkine Pty Ltd has made every effort to ensure the reliability of information contained in its newsletters and websites. All information represents our views at the date of publication and may change without notice. To the extent permitted by law, Kalkine Pty Ltd excludes all liability for any loss or damage arising from the use of this website and any information published (including any indirect or consequential loss, any data loss or data corruption). If the law prohibits this exclusion, Kalkine Pty Ltd hereby limits its liability, to the extent permitted by law to the resupply of services. There may be a product disclosure statement or other offer document for the securities and financial products we write about in Kalkine Reports. You should obtain a copy of the product disclosure statement or offer document before making any decision about whether to acquire the security or product. The link to our Terms & Conditions has been provided please go through them and also have a read of the Financial Services Guide. On the date of publishing this report (mentioned on the website), employees and/or associates of Kalkine Pty Ltd currently hold positions in: BHP, BKY, KCN, PDN, and RIO. These stocks can change any time and readers of the reports should not consider these stocks as advice or recommendations.