Praemium Ltd

PPS Details
Strong growth in funds under administration:  Praemium Ltd (ASX: PPS) recently announced its March 2017 quarterly results with total funds under administration (FUA) growing to $5.68 billion indicating an annual growth of 34% (on the prior corresponding period). Australian business FUA grew 29% while the international business witnessed 43% annual growth. PPS also reported for record quarterly inflows of £113 million ($184 million) for the International business, driven by increasing contribution of new clients. There was a 20% increase in billable portfolios for portfolio administration software (V-Wrap).

FUA and inflows (Source: Company Reports)
 
PPS now expects first platform inflows in the June quarter at the back of the new pension offering launched on 31 March (the Praemium Retirement Account). Owing to volatile conditions, PPS stock slipped about 8.2% in last three months (as at May 08, 2017) but is expected to gain momentum at the back of the quarterly update. We maintain a “Buy” recommendation at the current price of $ 0.38


PPS Daily Chart (Source: Thomson Reuters) 

ChimpChange Ltd

CCA Details
Steep rise in transaction volume: ChimpChange Ltd (ASX: CCA) had announced about a strong trading March quarter that helped the group deliver revenue milestone ahead of target. The transaction volume has more than doubled quarter on quarter (127% rise), while the annualised TTV run-rate has been up to US$118 million from US$56 million of previous quarter.The group has in excess of 18,000 new banking customers during the quarter. CCA is progressing well in terms of cost management and market innovation of neo-banking functionality and products.
 

TTV Growth (Source: Company Reports)
 
CCA had earlier indicated for a strong start to the year with attractive transaction flows.We give a “Buy” recommendation at the current price of $ 0.77


CCA Daily Chart (Source: Thomson Reuters) 

AirXpanders Inc

AXP Details
Looking for a broader market penetration: AirXpanders Inc (ASX: AXP) stock has fallen about 38% in last six months (as at May 08, 2017). Recently, the group had announced for proposed changes to the Board of Directors and is set to appoint Ms Elizabeth Hammack as a Non-Executive Director. AXP will hold its Annual General Meeting on May 23, 2017. For the March 2017 quarter, AXP reported a revenue rise of 172% over Q1 2016 at the back of 128% rise in unit sales. The group also raised about US$32.6 million from placement of CHESS Depository Interests. AXP is waiting for the final verification of third-party contract manufacturer and is poised to launch the US FDA cleared AeroForm for a broader market penetration. The group reported for cash and short-term investments balance of US$36.8 million as at March quarter. Early this year, the group performed the first commercial AeroForm procedure in the United States (U.S.) following its FDA de novo clearance. Investors might want to hold off any investment till more potential is demonstrated by the company. We give an “Expensive” recommendation on the stock at the current price of $ 0.84


AXP Daily Chart (Source: Thomson Reuters) 

Infomedia Ltd

IFM Details
Debt free position retained as per first half 2017 updates: Infomedia Ltd (ASX: IFM), which provides software as a service to the global automotive industry, had reported for 1H17 revenue of $34m (3% above 1H16 while FY16 revenue was $68m) with $16m cash (while FY16 cash position was $14m) and a debt free position. The group’s net profit after tax (NPAT) surged 16% on the previous corresponding period. A fully franked interim dividend of 1.70 cents per share (3% increase from the previous corresponding period) was declared by the group at the back of solid profit result. The group in 2017 announced for one of the largest global EPC (electronic parts catalogue) contracts with Nissan, for distribution to a global dealer network. IFM is confident on delivering momentum in contract sales momentum at the back of pipeline in all products and regions, and other key drivers. The group expects FY17 revenue growth between 6% - 8% with FY17 profit growth to be double digit on previous year. The stock moved up about 2% on May 09, 2017. We give a “Buy” recommendation at the current price of $ 0.71


IFM Daily Chart (Source: Thomson Reuters)

Shaver Shop Group Ltd

SSG Details
Strong sales rebound: Shaver Shop Group Ltd (ASX: SSG) stock has plunged 34.33% in last six months but surged 20% in last one-month post gaining some traction (as at May 08, 2017) driven by the positive market update in April 2017. The group had earlier witnessed softness in the months of January and February, but there was a strong sales rebound in March that buoyed the total same store sales growth for the third quarter. On a year to date basis, like for like sales for the nine months ended 31 March 2017 were reported to be up 1.3%. The momentum further continued in the month of April and SSG now expects its FY17 full year EBITDA to be between $13.7m and $15.0m (breaching the top end of the guidance range for EBITDA of $12.0 - $13.5 million provided at the time of first half results). SSG has inked a binding agreement to acquire the Bondi Junction and McCarthur Square franchises, and there is immense potential that can be leveraged from the stores. There are few risks concerning the continuation of sales uplift which is dependent on customers buying selected products from SSG stores for resale to consumers in Asian markets, and Shaver’s Board and Management are closely monitoring this opportunity. We maintain our “Speculative Buy” recommendation at the current price of $ 0.65


SSG Daily Chart (Source: Thomson Reuters)

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