Nine Entertainment Co Holdings Ltd

NEC Details

·         Improving trends:Nine Entertainment Co Holdings Ltd.’s (ASX: NEC) stock rose over 6.6% on May 31, 2017 at the back of improving sentiments. The group had reported a strong start to 2017 with momentum expected to continue throughout the year. The second half FTA (Free to Air) revenue share is expected to grow relative to prior corresponding period and H1FY17. Further, FY17 FTA cost is expected to be down 1.5% from FY16 figure. Moreover, FY17 group EBITDA is expected to fall within current analysts’ range of $158m to $187m (average of $175m). The debt is expected to peak in H2 FY17 before declining in FY18 and proceeds of about $111m are expected from Willoughby in September 2017.

·    Recommendation: NEC stock rose over 31.8% in the last six months (as of May 30, 2017). We give a “Hold” recommendation at the current price of $ 1.30 

Strong start to 2017 (Source: Company Reports) 

Shaver Shop Group Ltd

SSG Details

·     Positive trading update: Shaver Shop Group Ltd (ASX: SSG), the retailer of male and female grooming products, witnessed a stock price surge of over 1.5% on May 31, 2017 after the company provided a positive trading update. SSG earlier announced that its full year FY17 EBITDA is expected to be between $13.7m and $15.0m, as compared to its Prospectus forecast of $14.7m. SSG Board is now confident that its full-year EBITDA will be near the top end of the guidance range provided in that trading update. Additionally, SSG has advised that the settlement of the Bondi Junction and McCarthur Square franchise store acquisitions are proceeding as planned. These stores have been very strong performers for many years and add two further quality sites to Shaver Shop’s corporate store network in NSW.

·    Recommendation: SSG stock fell over 34.17% in the last six months (as of May 30, 2017). We give a “Speculative Buy” recommendation at the current price of $ 0.66

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