Bisalloy Steel Group Ltd

Appointment of Interim CFO and reaffirmation of FY18 EBITDA outlook:Bisalloy Steel Group Limited (ASX: BIS) has appointed Barry Morris FCA as the Interim Chief Financial Officer and Acting Company Secretary effective from 22 January 2018 after the resignation of Mr Darren Collins. On the other hand, BIS is operating in an environment of a slowing resource sector for wear products that is becoming stable but at a historical low base. The opportunities are opening up for the structural and defense grade products, both domestically and internationally. Additionally, BIS has reaffirmed its FY18 EBITDA outlook. The company expects FY18 EBITDA to be in the range of $8.0M to $8.5M. Meanwhile, BIS stock (market cap of 38.17m with dividend yield of 2.9%) has risen 4.88% in three months as on January 22, 2018 and is trading at a relatively high level. Based on the challenging environment which the company is undergoing, we give an “Expensive” recommendation on the stock at the current price of $0.86
 

Impelus Ltd

Complete group Digital Performance Marketing transition:Impelus Ltd.’s (ASX: IMS) (formerly Mobile Embrace Limited) group transition to Digital Performance Marketing is nearing completion. As a result, IMS has to reposition itself accordingly and ensure its branding is in line with this. In FY 18, IMS is focused on to increase the EBITDA margin off lower revenue base. The company is continuing to scale up the Digital Performance Marketing (DPM) business with its operations in three key markets - Australia, New Zealand and UK. IMS continues to reduce cost across the Carrier Billing business, optimising returns as Carrier Billing transactions falls. Further, IMS is looking to diversify and optimise supply channels and expand and grow market share across business demand verticals to increase the earnings growth. The company is developing and deploying proprietary online and mobile technology platforms and infrastructure. IMS had launched AddGlu platform and started performing above expectations with new enhancements in development. Meanwhile, IMS stock (with market cap of 23.48m) that rose 6% in three months as on January 22, 2018 was again down 5.66% on January 23, 2018. Based on the volatility while there is a slight expectation of improving trading scenario, we give a “Hold” recommendation on the stock at the current price of $0.05
 

Syntonic Ltd

2018 Business Objectives:Syntonic Ltd (ASX: SYT) stock surged 6.7% on January 23, 2018, after the company outlined its 2018 business objectives. In 2018, SYT will expand the Freeway services (sponsored data and unlimited content plans) to new geographies, specifically in Southeast Asia, China, Central and Eastern Europe, Latin America and Africa. The company is targeting 25% quarter-on-quarter growth of the Freeway installed base (Services + Systems deployments) by adding to existing 25.3 million installed base. Moreover, SYT will renew commercialisation of its B2B service, Syntonic DataFlex, in 2018, along with major distribution and reseller agreements, that will result in material revenue generating deployments with enterprise customers worldwide. The company is targeting first revenue generating agreements by end of the current quarter. Additionally, the company is expanding SYT platform licensing to major mobile carriers and service providers, and, is building on foundational success with SYT’s Systems clients that include Verizon Wireless and Tata Communications. In addition, SYT is adding platform support for sponsored international roaming to enable Syntonic and mobile operators to participate in the US$676 billion revenue generated by on-line travel services’ transactions. Meanwhile, SYT stock (market cap of 39.14m) has fallen 46.43% in three months as on January 22, 2018 and is expected to get a boost from planned business targets. Therefore, based on the foregoing, we give a “Speculative Buy” recommendation on the stock at the current price of $0.016

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