Mobile Embrace Ltd
Growth in Digital Performance Marketing Business:Mobile Embrace’s stock rallied up 40.8% on November 02, 2017 with the release of the positive update from the group. While MBE’s EBITDA for FY17 slipped by 43% over FY16, the group now reported for a positive start to FY18 and has signalled for being well-placed to return to EBITDA growth in FY18.MBE’s AddGlu technology platform has been performing well and the group has scaled up the performance of its technology led digital performance marketing business in Australia, New Zealand and the UK. The group also aims to benefit from the integration of its C2B business that was acquired in August 2017.The group had faced many challenges owing to its Carrier Billing business in FY17 and started focusing on its Performance Marketing business. While the stock seems to be taking a recovery mode, more positives in terms of progress of the core business and financial performance to strengthen the prospects are yet to be seen. We maintain a “Hold” at the current price of $0.069
Mustang Resources Ltd
Poor outcome of the inaugural ruby tender:On reinstatement to official quotation, Mustang Resources Ltd.’sstock plunged over 56%on November 02, 2017 while the group recentlycompleted its inaugural ruby tender withan outcome, which was seemingly a disappointing one. The eight Bid Schedules totalling 29,463 carats were sold at prices ranging from A$6 a carat to A$1,944 a carat. The average realised price was A$24.21/ct and gross sales proceeds were of approximately A$713,45 against some millions expected by the group. The tender results were clearly below expectations and the company will now focus on building the inventory required by the market. As part of this, MUS has been forced to delay the planned plant upgrade at Montepuez, which will reduce the expenditure and allow the company to focus on preparations for the second tender targeted for mid-2018. We give a “Hold” recommendation on the stock at the current price of $0.046
Bulk Sampling Pits (Source: Company Reports)
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 do not hold positions in any of the stocks covered on the website. These stocks can change any time and readers of the reports should not consider these stocks as advice or recommendations.