SportsHero Limited

ASX price and volume query: Software group, SportsHero (ASX: SHO) has responded to the ASX price and volume query related with the recent trading in its securities. The company confirmed that SHO is in compliance with the Listing Rules and, in particular, Listing Rule 3.1. On the other hand, SHO has formed collaboration with global cryptocurrency platform Pundi X, which will be SHO’s market entry partner for Indonesia. This collaboration is subject to agreeing definitive terms, and is formed in which SHO users can buy and sell goods and services on a worldwide basis using SportsHero tokens. Meanwhile, SHO stock, which rose 198.8% in three months as on January 02, 2018, dipped 22.6% on January 03, 2018. Given the stock run-up and volatility in the cryptocurrency sector, we give an “Expensive” recommendation on the stock at the current price of $0.12
 

OM Holdings Limited

Completion of loan restructuring: Industrial Metals Producer, OM Holdings (ASX: OMH) had also responded to the ASX price query letter in November 2017 in relation to a noted change in the price of the company’s securities between 27 November 2017 and 29 November 2017, and an increase in the trading volume of the company’s securities on 29 November 2017. On the other hand, OMH has completed its loan restructuring in October 2017. The outstanding loans that are subject to the restructuring as on 23 October 2017, amounted to US$66.6 million. The loans are expected to be repaid over a 5-year period, based on a quarterly instalment repayment of 2.5% p.a. of the outstanding loans, and a final repayment of the balance outstanding by 30 September 2022. Meanwhile, OMH stock has risen 106.38% in three months as on January 2, 2018 and fell about 1% on January 03, 2018. Trading at a high level, we give an “Expensive” recommendation on the stock at the current price of $0.965

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.