Stocks’ Details

First Graphene Limited

Growth in revenue against prior period: First Graphene Limited (ASX: FGR) develops and produces graphene products and associated intellectual property. First Graphene serves customers worldwide. The company is currently undertaking a series of presentations to investors in Hong Kong, London and New York as well as participating in the Vertical Events Techknow Invest Roadshow with an intention to better communicate the significant advances achieved by the Company in the last few months, to shareholders and the investment community. In Graphene Sales & Marketing Update, the company highlighted that it anticipates achieving a cash flow breakeven levels by the end of 2019 with robust growth in sales volumes thereafter. The revenue from the contract with customers grew by ~26.6% to $8,461 in 1HFY19 as compared to $6,680 in 1HFY18.
 

Consolidated Statement of Profit & Loss (Source: Company Reports)

Going forward, the company expects to complete £105 million Henry Royce Institute building in 2019 and together with the GEIC will be crucial in maintaining the UK’s world-leading position in advanced materials. The company is focusing on high volume, high profit margin markets for PureGRAPH™ with fast product adoption cycles and shorter regulatory requirements.

The stock of the company generated a YTD return of 9.09% and is trading slightly below the average of 52 weeks high and low level of ~$0.163. Given the mix of scenario, we have an “Expensive” recommendation on the stock at the current market price of $0.165 (down 5.714% on March 26, 2019).
 

iCandy Interactive Limited

Surge in revenue Y-o-Y: iCandy Interactive Limited (ASX: ICI) is into information technology sector with its operations into licensing and development of mobile games. The company is a leading digital company. The company recently made an agreement with EM1 so that it can utilise the technology from EM1 and game content from iCandy to develop a mutually beneficial new business centered around esports based on mobile games. The strategic collaboration also involves co-developing a new mobile esports tournament platform to be named iLeague.
 

FY18 Consolidated Statement of Profit & Loss (Source: Company Reports)

Revenue from ordinary activities is up by 83% to $3,012,829 compared to last year's revenue of $1,645,317. Net loss attributable to members stood at $2,908,888 for the year compared to last year's loss of $3,113,914, an improvement by 7% primarily on the back of increasing revenues.

Optimistic outlook going forward: The company management is optimistic that it can secure more low-risk high-reward publishing deals in 2019. Furthermore, with several successful and popular titles under iCandy’s stable of games, iCandy’s management plans to allocate more resources to growing its gamer base and gamer retention rate via several medium.

Meanwhile, the stock generated a negative return of 29.52% over the past year and is currently trading close to its 52-week low level. However, in the past one month, it posted 34.55% return. Therefore, it can be said that the stock is quite volatile. Hence, we have a wait and watch stance on the stock at the current price of A$0.080 per share (up 8.108% on 26 March 2019).

Fatfish Blockchain Limited

Y-o-Y net-profit under pressure: Fatfish Blockchain Limited (ASX: FFG) happens to be a publicly traded international venture investment and development firm. The company partners with the entrepreneurs as well as experienced executives to build and grow the tech businesses via a co-entrepreneurship model.

FY18 Consolidated Statement of Profit & Loss (Source: Company Reports)

The revenue from ordinary activities is up by 174% to 3,792,737 in FY18. The Group has managed to narrow down its net loss of $24,692,741 for the six months ended 30 June 2018 to a net loss of $19,765,103 for the full financial year ended 31 December 2018 primarily due to fair value gains from the improvement in the share price of the Group’s listed investee company, iCandy Interactive Limited.The company’s name was changed from ‘Fatfish Internet Group Limited’ to ‘Fatfish Blockchain Limited’.

As part of the company’s plan to re-focus on the core sectors of technology that it is involved in, it entered into the agreement to divest 12.5% shareholding in UK based Altairian Capital Holdings Ltd for the cash consideration of US$250,000.

The stock of FFG generated a negative return of 27.27% over the past six months and is currently trading closer to its 52-week low level.The bottom-line of FFG remained under pressure and thus the investors should wait for more growth catalysts. Therefore, we have a wait and watch stance on the stock at the current price of A$0.016 per share.  


Stock Price Comparative Chart (Source: Thomson Reuters)      

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.