Vocus Group Ltd (ASX: VOC)

VOC Details

Increase in interest by one of the group’s Directors: Vocus Group Ltd.’s (ASX: VOC) stock surged about 2.13% on September 18, 2017 with the news that the group’s director, Vaughan Bowen has increased his interest in Vocus with the acquisition of 106,000 shares through an on-market trade and now holds about 8,869,766 ordinary shares. The stock has otherwise fallen about 34% in last three months (as at September 15, 2017) and also came under pressure towards end of last week with the news on a potential class action proposed by Slater & Gordon. VOC’s unaudited FY2017 underlying EBITDA was reported to be $366.4m while unaudited FY2017 underlying NPAT was $152.3m, which was below the company’s guidance range of $160-165m owing to higher than forecast net finance costs and a higher effective tax rate. We maintain a “Hold” at the current price of $ 2.40

Xero Ltd (ASX: XRO)

XRO Details

Addition to S&P/ASX 300 Index: Xero Ltd.’s (ASX: XRO) stock surged up about 2.7% on September 18, 2017 at the back of positive sentiments. As per the recent S&P DJ Indices announcement, the stock has been added to the S&P/ASX 300 Index, effective September 18, 2017. In its full year results to March 2017, XRO has demonstrated a 45% year on year growth in annualised committed monthly revenue and 51% growth in operating revenue while net loss after tax improved by 16% year on year. Xero’s opportunities to growth exist in present markets and new markets like Singapore. Looking at the on-going positive developments and growth drivers, we maintain a “Hold” recommendation at the current price of $ 26.24


Growth in subscribers (Source: Company Reports) 

Redflow Ltd (ASX: RFX)

RFX Details

Received second order for ZBM2 batteries: Redflow Ltd.’s (ASX: RFX) stock price rocketed 14.13% on September 18, 2017, as the group announced about receiving a second order worth about US$600,000 for its ZBM2 batteries from New Zealand-based Hitech Solutions. Hitech (provides telecommunications and infrastructure services) is using Redflow’s ZBM2 zinc-bromine flow batteries to build advanced hybrid energy storage systems to deliver reliable power for remote sites across a Pacific Island nation. In May, the group had announced about its initial order from Hitech for ZBM2 zinc-bromine flow batteries; and has now completed delivery of all batteries to fulfil the first order. The stock has otherwise plunged over 75% in last one year owing to volatility and lack of contracts. On the other hand, the group loss after income tax on a consolidated basis for the financial year ended 30 June 2017 was $12,915,584 (2016: $14,121,539) at the back of lower fixed costs for the year, lower sales and marketing costs, commencement of ZCell sales in Australia after initial development and new ZBM2 sales in the commercial and network power market segments. Given the efforts the company seems to bring with regards to turning around the financial position,we put a “Hold” at the current price of $ 0.10

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