GR Engineering Services Ltd

Awarded a Scoping Study: GR Engineering Services Ltd (ASX: GNG) has been awarded a Scoping Study for the development of operations at the Mount Bundy Gold Project in the Northern Territory as a lead consultant, with Entech Pty Ltd to provide important resource and mining inputs. The study would asses initial operating parameters and financial metrics for a large-scale operation from the current resource base of 26.9Mt at 1.5g/t (1,235,000oz gold). Moreover, the fiscal year of 2017 revenue is expected to be broadly consistent with FY16 and would depend upon the completion of Mungana gold, lead/zinc concentrator EPC works in second half of FY 17. Meanwhile, GNG stock rose over 71.05% in the last six months (as of November 16, 2016), and still trading at attractive valuations. We give a “Speculative Buy” recommendation on the stock at the current price of – $ 1.55

Data#3 Ltd

Positive on the first half guidance: Data#3 Ltd (ASX: DTL) reported that they appointed the Chief Executive Officer, Laurence Baynham, as the Managing Director of the company. DTL now expects the first half 2017 NPBT in the range $7.0 to $8.5 million up from $6.1 million of FY16 first half. The group also reported that their strategic and operational business plans for FY17 are on track and expects a better first half for 2017. Meanwhile, DTL stock rose over 70.00% in the last six months (as of November 16, 2016). We give a “Hold” recommendation on the stock at the current price of – $ 1.68

iBosses Corporation Ltd

Update on cashflows: iBosses Corporation Ltd (ASX: IB8) has the estimated cashflows for the December quarter of $A560,000. Moreover, IB8 has acquired 70% strategic interest in the share capital of Straits Institute Pte Ltd at 10,000 Singapore Dollars. Meanwhile, IB8 stock rose 138% in this year as of October 04, 2016, placing the stock at higher levels. We believe that the stock is “Expensive” at the current price of – $ 0.50

Quickstep Holdings Limited

Second quarter of FY 17 sales expected to be in line with the first quarter: Quickstep Holdings Limited (ASX: QHL) sales grew 6% to $13.4 million in the September quarter FY 17 against the corresponding quarter of FY 16. The cash at the end of the quarter is $8.1 million, up from $7.6 million in the previous quarter ending June 30, 2016. The firm order book is in excess of $115 million at the end of the September quarter. Moreover, the sales for the second quarter FY 17 is expected to be in line with 1Q FY 17. On the other hand, QHL stock fell over 18.5% in the last six months (as of November 16, 2016) and we believe this bearish momentum could continue in the coming months while more is revealed from growth perspective. We give an “Expensive” recommendation on the stock at the current price of – $ 0.11

Money3 Corp Limited

Boosting capital position: Money3 Corp Limited (ASX: MNY) has drawn down an additional $10 million of funding under its existing debt facility, leading to total drawn down amount of the facility to $30m. This additional funding would drive ongoing growth in the secured automotive loan business particularly with traditionally higher demand over the Christmas period. MNY requires long term funding for growth. The group reported a 44.4% growth in the Net Profit after Tax to $20.1m in FY 16, which has exceeded its prior profit guidance of $19 million. The revenue grew by 40.0% to $96.7m. Moreover, MNY is expecting to achieve NPAT of $26m for FY17. Meanwhile, MNY stock rose 85.79% in the last six months (as of November 16, 2016), and still the stock is trading at a low P/E. We give a “Hold” recommendation on the stock at the current price of – $ 1.66

APN Property Group Ltd

Execution of contract: APN Property Group Ltd (ASX: APD) has settled sale of 7-Eleven in Eaglebay, Queensland for $4.85 million. The group has executed a contract for the sale of Hungry Jack’s and Shell/Subway in South Nowra, New South Wales for $11.32 million. The sale is at a premium of 36.4% to the original acquisition cost of $8.30 million and is a premium of 22.4% to the June 30, 2016 book value of $9.25 million. However, the contract settlement depends upon the local council approval, within six months, to the sub-division of the site. Meanwhile, APD stock rose over 7.03% in the last six months (as of November 16, 2016) and the group has its AGM on November 30, 2016. We give a “Speculative Buy” recommendation on the stock at the current price of – $ 0.39

Liquefied Natural Gas Limited

Solid balance sheet: Liquefied Natural Gas Ltd (ASX: LNG) in the September quarter 2016 has a cash position of A$61.7 million and there is no debt. Moreover, LNG is focusing on the completion of the marketing of Magnolia LNG’s offtake capacity to progress the project through financing and into construction, finalize Bear Head LNG regulatory permitting, engineering, and the marketing of liquefaction tolling capacity and preserving the existing liquidity through effective cash management. LNG stock rose over 13.46% in the last six months (as of November 16, 2016) and we maintain a “Buy” recommendation on the stock at the current price of – $ 0.59

Adslot Ltd

Expanding funds flexibility: Adslot Ltd (ASX: ADJ) has raised fund of a total $18m in September in which $11.2m came through a placement to institutional investors and a further $5.5m from existing shareholders through the entitlements issue, with the remaining $1.3m taken up by underwriters. Moreover, in FY 16, ADJ reported 19% growth in the revenue and the EBITDA loss has reduced by 11%. Meanwhile, ADJ stock fell over 17.97% in the last three months (as of November 16, 2016) placing them at attractive levels. There are growth prospects at the back of online advertising market being on track to become USD 270 billion market by 2020. We give a “Speculative Buy” recommendation on the stock at the current price of – $ 0.097

Vmoto Ltd

Focusing on online sales: Vmoto Ltd (ASX: VMT) in the September quarter 2016 has sold 23,045 units compared to 23,264 in 3Q15. The cash at end of September quarter of A$5.1m has been up from $4.6m in the previous quarter ending June 2016. Moreover, VMT has launched trial of shared fleet of Vmoto electric scooters in Beirut, and launched new online sales platform, www.vmotoonline.com in Australia that offers state of the art electric bicycle products with dealers appointed in Victoria and Western Australia. Additionally, VMT is targeting market entry for Germany, Austria, Spain, Poland, Lebanon and Uruguay. We give a “Speculative Buy” recommendation on the stock at the current price of – $ 0.10

Livetiles Ltd

Received more tax concession grant: Livetiles Ltd (ASX: LVT) got more research and development tax concession grant of $1.43m, that brings the total research and development tax concession grant of FY2016 to $1.75 million (including $0.32m received in the September 2016 quarter). But, LVT in FY 16 reported a loss before income tax and non-recurring of $4.87 million which led to the stock fall of 31.82% in the last six months (as of November 14, 2016).  On the other hand, the group has witnessed accelerated growth for annualized subscription revenue in last two quarters while 62 paying customers have been added in Q1 FY17. The fall offers an investment opportunity, while we give a “Speculative Buy” recommendation on the stock at the current price of – $ 0.15

Smart Parking Ltd

EBITDA profitability in FY 16: Smart Parking Ltd (ASX: SPZ) has achieved the maiden EBITDA profitability in FY 16 as there was $5.2 million EBITDA improvement on the prior period to $1.4 million. SPZ has also reported a 34% growth in the revenue on the prior period to $31.8 million. The statutory net loss after tax improved by $3.8m to $1.5m. SPZ in the Q1 FY17 has reported 15% fall in the revenue to $6.5m due to the loss of the Asda contract and the result of foreign exchange movements. On the other hand, the Q1 FY17 EBITDA is up 719%. Despite some challenges, the group is making efforts to be profitable in the coming years given their expanding global opportunity. We give a “Speculative Buy” recommendation on the stock at the current price of – $ 0.28  

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 currently hold positions in:  BHP, BKY, KCN, PDN, and RIO. These stocks can change any time and readers of the reports should not consider these stocks as advice or recommendations.