Company Overview: Murray Cod Australia Limited (ASX: MCA) is an Australia-based company engaged in breeding, growing and marketing of Aqua Sustainable Murray cod, a freshwater table fish, and breeding and selling Murray cod, Golden perch and Silver perch as fingerlings for re-stocking. The Company offers construction and sale of aquaculture equipment. AF Legal Group Ltd (ASX: AFL) is an Australia-based law firm that specializes in family and relationship law. The company provides advice to clients in respect of divorce, separation, property, and children’s matters along with related ancillary services such as litigation. Kalkine’s ‘Stocks Under 20 cents’ report covers the Investment Summary, Key Financial Metrics, Risks, Outlook, SWOT Analysis, Technical Analysis along with the Valuation, Target Price, and Recommendation on the stocks.
- Murray Cod Australia Limited (ASX: MCA) (Recommendation: Speculative Buy, Market Cap: AUD 94.31mn)
H1FY24 Update:
Business Update:
Key Ratios & Figures:
Key Risks and Outlook:
SWOT Analysis:
Valuation, Stock Recommendation and Technical Analysis:
The stock has declined by ~21.56% in the last three months and over the last one year, it has corrected by ~15.29%. The stock has a 52-week low and 52-week high of AUD 0.077 and AUD 0.170, respectively, and is currently trading below the average of 52-week high-low average. MCA was last covered in a report dated ‘22 March 2024’.
- AF Legal Group Ltd (ASX: AFL) (Recommendation: Speculative Buy, Market Cap: AUD 11.86mn)
Result Highlights of Q3FY24:
Business Update:
Key Ratios & Figures:
Key Risks and Outlook:
SWOT Analysis:
Valuation, Stock Recommendation and Technical Analysis:
The stock has witnessed a correction of ~10.71% in the last month and over the last 9 months, it has declined by ~31.58%. The stock has a 52-week low and 52-week high of AUD 0.125 and AUD 0.237, respectively, and is currently trading below the average of 52-week high-low average. AFL was last covered in a report dated 10 May 2024.
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 21 June 2024. 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.
Disclaimer-
This report has been issued by Kalkine Pty Limited (ABN 34 154 808 312) (Australian financial services licence number 425376) (“Kalkine”) and prepared by Kalkine and its related bodies corporate authorised to provide general financial product advice. Kalkine.com.au and associated pages are published by Kalkine.
Any advice provided in this report is general advice only and does not take into account your objectives, financial situation or needs. You should therefore consider whether the advice is appropriate to your objectives, financial situation and needs before acting upon it.
There may be a Product Disclosure Statement, Information Statement or other offer document for the securities or other financial products referred to in Kalkine reports. You should obtain a copy of the relevant Product Disclosure Statement, Information Statement or offer document and consider the statement or document before making any decision about whether to acquire the security or product.
Choosing an investment is an important decision. If you do not feel confident making a decision based on the recommendations Kalkine has made in our reports, you should consider seeking advice from a financial adviser, stockbroker or other professional (including taxation and legal advice) before acting on any advice in this report or on the Kalkine website. Not all investments are appropriate for all people.
The information in this report and on the Kalkine website has been prepared from a wide variety of sources, which Kalkine, to the best of its knowledge and belief, considers accurate. Kalkine has made every effort to ensure the reliability of information contained in its reports, newsletters and websites. All information represents our views at the date of publication and may change without notice. The information in this report does not constitute an offer to sell securities or other financial products or a solicitation of an offer to buy securities or other financial products. Our reports contain general recommendations to invest in securities and other financial products.
Kalkine is not responsible for, and does not guarantee, the performance of the investments mentioned in this report This report may contain information on past performance of particular investments. Past performance is not an indicator of future performance. Hypothetical returns may not reflect actual performance. Any displays of potential investment opportunities are for sample purposes only and may not actually be available to investors. To the extent permitted by law, Kalkine excludes all liability for any loss or damage arising from the use of this report, the Kalkine website and any information published on the Kalkine website (including any indirect or consequential loss, any data loss or data corruption). If the law prohibits this exclusion, Kalkine hereby limits its liability, to the extent permitted by law, to the resupply of services..
Please also read our Terms & Conditions and Financial Services Guide for further information. Employees and/or associates of Kalkine and its related entities may hold interests in the securities or other financial products covered in this report or on the Kalkine website. Any such employees and associates are required to comply with certain safeguards, procedures and disclosures as required by law.
Kalkine Media Pty Ltd, an affiliate of Kalkine Pty Ltd, may have received, or be entitled to receive, financial consideration in connection with providing information about certain entity(s) covered on its website including entities covered in this Report.