1. Ora Banda Mining Limited (Recommendation: Speculative Buy, Market Cap: ~AUD 103.18mn)
Ora Banda Mining Limited (ASX: OBM) is an Australia-based gold exploration and development company. The projects include Central Davyhurst, Riverina-Mulline, Siberia, Callion, Walhalla, Lady Ida and Technical Data.
Business Update:
Results Highlights of 1QFY23:
Key Ratios: During FY22, OBM reported an EBITDA margin of +13.0% compared to -25.0% in FY21. Further, the company reported a quick ratio of 0.86x in FY22 versus 0.84x in FY21.
Outlook:
SWOT Analysis:
Technical Commentary:
Stock Recommendation:
Note: Ora Banda Mining Limited (Company) is a client of Kalkine Media Pty Ltd (Kalkine Media), an affiliate of Kalkine. However, under no circumstances have Kalkine or its related entities been, directly or indirectly influenced in making any related insights concerning Company as contained in this report, and no form of compensation is or will be received by Kalkine, Kalkine Media or Kalkine’s other related entities for the publication of this report.
2. Bod Science Limited (Recommendation: Speculative Buy, Market Cap: ~AUD 24.49mn)
Bod Science Limited (ASX: BOD) is engaged in developing and manufacturing cannabidiol (CBD) and hemp products for consumer markets in Australia, the United Kingdom, Europe and the United States.
Business Updates:
Results Highlights of 1QFY23:
Key Ratios: During FY22, BOD reported higher current ratio of 2.74x in FY22 compared to industry median of 2.08x.
Outlook:
SWOT Analysis:
Technical Commentary:
Stock Recommendation:
Markets are trading in a highly volatile zone currently due to certain macro-economic issues and geopolitical tensions prevailing. Therefore, it is prudent to follow a cautious approach while investing.
Note 1: Past performance is neither an indicator nor a guarantee of future performance.
Note 2: The reference date for all price data, currency, technical indicators, support, and resistance levels is 23 December 2022. The reference data in this report has been partly sourced from REFINITIV.
Note 3: Investment decisions should be made depending on an individual’s appetite for upside potential, risks, holding duration, and any previous holdings. An ‘Exit’ from the stock can be considered if the Target Price mentioned as per the Valuation and or the technical levels provided has been achieved and is subject to the factors discussed above.
Technical Indicators Defined: -
Support: A level at which the stock prices tend to find support if they are falling, and a downtrend may take a pause backed by demand or buying interest. Support 1 refers to the nearby support level for the stock and if the price breaches the level, then Support 2 may act as the crucial support level for the stock.
Resistance: A level at which the stock prices tend to find resistance when they are rising, and an uptrend may take a pause due to profit booking or selling interest. Resistance 1 refers to the nearby resistance level for the stock and if the price surpasses the level, then Resistance 2 may act as the crucial resistance level for the stock.
Stop-loss: It is a level to protect further losses in case of unfavourable movement in the stock prices.
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