Create Free Account

By creating account you will get access to hot stocks & personalised emails

Mid-Cap

Four up-trending stocks - Automotive Holdings, Mayne Pharma, Nine Entertainment and Henderson Group

July 12, 2016 | Team Kalkine
Four up-trending stocks - Automotive Holdings, Mayne Pharma, Nine Entertainment and Henderson Group

Automotive Holdings Group Ltd


AHG Details
  • Rebalancing the Portfolio: Automotive Holdings Group Ltd (ASX: AHG) stock rose 3.5% on July 12, 2016. AHG has completed the acquisition of Lance Dixon of JLR at Doncaster in Melbourne’s inner suburbs, as well as acquired Hyundai dealership at Penrith. Additionally, AHG has agreed to acquire the city Mazda dealership in South Melbourne by July 2016. On the other hand, the group is selling its Duncan Nissan business in Perth’s Victoria Park to enter into luxury vehicle segment in Victoria. Accordingly, AHG has automotive portfolio of 185 franchises at 107 dealership locations in Australia & New Zealand.  Meanwhile, the stock has fallen 10.34% (as on July 11, 2016) in the last six months offering a bargain opportunity to investors. The stock also has a decent dividend yield and is trading at a reasonable P/E.
  • Recommendation: We give a “Buy” recommendation on the stock at the current price of $4.13
 
Mayne Pharma Group Ltd


MYX Details      
  • Capital raising: Mayne Pharma Group Ltd (ASX: MYX) stock rose 2.9% on July 12, 2016. MYX has raised approximately A$634 million through Institutional Entitlement Offer leading to a total of over A$888 million to fund the acquisition of 37 approved and five FDA filed products from Teva Pharmaceutical Industries Limited and Allergan Plc. Meanwhile, MYX stock has already surged 40.4% (as on July 11, 2016) in last three months placing the stock at unreasonable valuations. The stock is trading at a very high P/E.
  • Recommendation: We give an “Expensive” recommendation on the stock at the current price of $1.955
 
Nine Entertainment Co Holdings Ltd


NEC Details
  • Cost control and other opportunities: Nine Entertainment Co Holdings Ltd (ASX: NEC) stock rose over 3.3% on July 12, 2016. NEC stock is gaining support at the lower levels from the group’s buyback’s initiatives. On the other side, NEC stock has fallen 37.83% (as on July 11, 2016) in the last six months due to challenging conditions in the FTA markets. But, NEC has been diversifying its investments to decrease its dependence on FTA market and positioning in the upcoming growth opportunities. NEC is also leveraging video on demand opportunity via its Australian AVOD (9Now) and SVOD (Stan joint venture) businesses. The group is focusing to control costs for FY16 to offset the ongoing FTA market pressure. Moreover, the company has a strong dividend yield.
  • Recommendation: We give a “Hold” recommendation on the stock at the current price of $1.095
 

Growing Stan penetration (Source: Company Reports)
 
Henderson Group PLC


HGG Details
  • Rise in voting rights from Perpetual: Henderson Group PLC (ASX: HGG) stock rose 2.8% on July 12, 2016 with Perpetual Limited attaining 8.8% of voting rights from 7.72% while Credit Suisse favors HGG over BT Investment given strong valuation support with the shares at 13 times earnings at the back of expectation of a minimal impact from Brexit. On the other hand, HGG stock has already fallen 22.4% (as on July 11, 2016) in the last four weeks, due to investor’s fears over the group’s performance on the back of Brexit.
  • Recommendation: We believe that the stock is exposed to ongoing volatility and appear to be “Expensive” at the current price of $3.73
 
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.



Blue-Chip
One Materials Stock Engaged in Product Line development -RIO
November 28, 2024Team Kalkine
Small-Cap
Technical Analysis on One NYSE- Listed Bitcoin Mining Stock- BKKT
November 27, 2024Team Kalkine
Mid-Cap
One NASDAQ- Listed Utilities Stock at Resistance Level: RNW
November 27, 2024Team Kalkine
Small-Cap
One Health Care Stock Likely to Benefit from New Product Launches-MDR
November 27, 2024Team Kalkine
Blue-Chip
One NASDAQ- Listed Automobile Component Stock Under Radar- Mobileye Global Inc
November 26, 2024Team Kalkine

Get In Touch

By submitting your details and clicking on the Register button below, you agree to Kalkine’s Terms and Conditions and agree to receive marketing offers, including to be contacted by email or phone, as set out in our Privacy Policy. Any calls will be made by Kalkine Pty Ltd or Kalkine Solutions Private Limited on our behalf.You also agree that Kalkine/KSPL can give you its Financial Services Guide by electronic means (including by website link or email). Before accessing our services, please read the Financial Services Guide available here.

Please wait processing your request...

Our Company

Useful Links

Contact Us

ISO Certified Market Research

Kalkine Solutions Private Limited, authorized representative of Kalkine Pty Ltd, holds ISO 27001:2022 certification bearing Certificate No.- IC-IS-2404072

Our Company

Useful Links

Contact Us

Disclaimer

The information given by Kalkine Pty Ltd ABN34 154 808 312 (Australian Financial Services License Number 425376) on this website is general information or advice only.

It does not take into account any of your personal objectives, circumstances or needs. Choosing an investment is an important decision. If you do not feel confident making a decision based on the recommendations Kalkine has made in our reports, you should consider obtaining personal advice from an authorised adviser.

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. Terms & Conditions have been provided for our services, please go through them and also read our Financial Services Guide.

Our website may contain information on past performance of particular investments. Past performance is not an indicator of future performance. Hypothetical returns may not reflect actual performance. Any displays of potential investment opportunities are for sample purposes only and may not actually be available to investors.

The information on the website does not constitute an offer to sell securities or a solicitation of an offer to buy securities. Our reports contain general recommendations to invest in securities.

Copyright 2024 Krish Capital Pty. Ltd. All rights reserved. No part of this website, or its content, may be reproduced in any form without our prior consent.