GetSwift Limited

GSW Details
Partnered with Little Caesars: GetSwift Limited (ASX: GSW) has partnered with Little Caesars (America’s third largest pizza chain) to launch home delivery services in Australia. Through this move, GSW aims to track deliveries and optimize the delivery route and process. The stock started trading on the Australian Securities Exchange in December 2016. GSW raised A$5 million at A$0.20 per share via an initial public offer which got oversubscribed by Cygnet Capital.

 

Commitments of funds (Source: Company Reports)
 
The IPO got strong support from the domestic and the international institutional investors that includes Regal Emerging Companies Fund. Moreover, GSW is expanding across a number of sectors and across the geographies in US, Asia, European Union and Middle East. Additionally, GSW would continue to develop the user interface and optimization of the user experience of the GSW platform. GSW stock has risen over 5.08% in the last one month as on January 12, 2017, while we give a “Speculative Buy” recommendation on the stock at the current price of – $ 0.31

 
GSW Daily Chart (Source: Thomson Reuters) 

Imdex Limited

IMD Details
Secured a new finance facility and sold oil and gas businesses: Imdex Limited (ASX: IMD) got A$30 million facility with Bankwest to replace the Bain Capital facility (formerly Sankaty). The new facility has an interest rate of less than 5% as compared to the older facility which had an effective interest rate of 10.75%, implying a lower risk to their balance sheet. On the other hand, IMD has signed the Sale and Purchase Agreement at A$3.5 million with Vautron Holdings Pty Ltd relating to Wildcat Chemicals Australia Pty Ltd (Wildcat), which forms part of AMC Oil & Gas business. IMD has also signed a Sale and Purchase Agreement with National Oilwell Varco (NOV) relating to AMC Oil & Gas. IMD stock has risen by 207.4% in the last six months as on January 12, 2017. We feel there is some more momentum and give a “Speculative Buy” recommendation on the stock at the current price of – $ 0.70

 
IMD Daily Chart (Source: Thomson Reuters) 

Centrepoint Alliance Limited

CAF Details
Sale of Premium Funding business: Centrepoint Alliance Limited (ASX: CAF) has finalized the sale of its wholly owned subsidiary, Centrepoint Alliance Premium Funding Pty Ltd to BOQ Finance (Aust) Limited for $20m. The transfer of the business was expected by January 2017. Moreover, the deal is expected to allow CAF to focus on its resources and take advantage of the many opportunities in the wealth market.

 

Financial Results (Source: Company Reports)
 
In FY16, the group reported for 56% growth in EBITDA while wealth was up 57% and lending was up 13%. The group has reported for strong start to FY17 and has many strategic priorities including growth of xseedwealth (market wealth offer). CAF stock has risen 75.9% in the last six months as on January 12, 2017 and trading at a decent dividend yield. We give a “Speculative Buy” recommendation on the stock at the current price of – $ 0.72

 
CAF Daily Chart (Source: Thomson Reuters) 

Rox Resources Limited

RXL Details
Received further support for exploration at Fisher East nickel project: Rox Resources Limited (ASX: RXL) stock has fallen 37.5% in the last six months as on January 12, 2017 due to a legal dispute. RXL has interest in the Reward Joint Venture in the Northern Territory for which Marindi has filed its Statement of Claim in the Supreme Court of Western Australia in relation to its dispute with RXL. On the other hand, RXL and IMI Zinc have signed the agreement for the reimbursement of costs incurred by IMI Zinc. Additionally, RXL has been awarded a further grant under the WA Government’s Exploration Incentive Scheme (EIS), for $119,200 to support exploration at their 100% owned Fisher East nickel project, located 450km north of Kalgoorlie in Western Australia. This is in addition to funding the company got under previous EIS funding rounds leading to a total grant awarded for 2017 to $191,200. The funds allocated will test deep targets at the Camelwood nickel sulphide prospect at Fisher East. It is expected that the co-funded drilling will be undertaken at Fisher East during 2017. We give a “Speculative Buy” recommendation on the stock at the current price of – $ 0.015

 
RXL Daily Chart (Source: Thomson Reuters) 

Lepidico Limited

LPD Details
Counterclaim is lodged against LIT: Lepidico Limited (ASX: LPD), formerly Platypus Minerals Limited, recently announced about undertaking a vigorous defense, through its subsidiary, in the Supreme Court proceedings instituted by Lithium Australia NL (LIT) in November 2016. Lepidico’s subsidiary has lodged its Defense and a Counterclaim in the Proceedings.

 

Geochemical Exploration at the Euriowie Project (Source: Company Reports)
 
The group has completed exploration at the Euriowie amblygonite project with surveys over the pegmatites in the southern part of EL8468 (granted exploration license). Meanwhile, LPD stock has fallen over 44.44% in the last six months as on January 12, 2017. We give a “Speculative Buy” recommendation on the stock at the current price of – $ 0.01

 
LPD Daily Chart (Source: Thomson Reuters)

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