Glennon Small Companies Ltd

GC1 Details
Started Operations a year back: Glennon Small Companies Ltd (ASX: GC1) had come up with the initial public offering in August 2015 and the company has achieved a gross portfolio return of 15.86%. GC1 sees substantial opportunities in small and micro caps and the twenty largest listed stocks, which includes the major banks, but the top 20 form less than 1% of the total number of stocks listed on the ASX. In addition, GC1 after starting operations in August 2015, has reported the operating profit before tax including realized and unrealized investment movements of $2,664,000 for the period ended 30^th June 2016. GC1’s profit after tax is of $1,956,000. The group is also planning to enhance the interim dividend to substantially increase over the previous interim dividend. Having a good dividend yield and trading at a cheap P/E,  we give a “Speculative Buy” recommendation on the stock at the current price of – $ 0.97

 
GC1 Daily Chart (Source: Thomson Reuters) 

GDI Property Group Ltd

GDI Details
Sale of 80 George Street: GDI Property Group Ltd (ASX: GDI) has announced for GDI No. 40 Pty Limited at GDI No. 40 Office Trust to sell 80 George Street, Parramatta for $51.88 million, and the settlement is scheduled for late January 2017. On the other hand, GDI reported Funds from Operations (FFO) increase by $2.7 in FY 16 as compared to FY15 to $49.1 million while the NTA reached $1.01, which is up $0.02 over FY15. Meanwhile, GDI stock rose 7.78% in the last six months (as of November 04, 2016), while the company is having a solid dividend yield and the stock is trading at a cheap P/E. Accordingly, we give a “Speculative Buy” recommendation on the stock at the current price of – $ 0.96

 
GDI Daily Chart (Source: Thomson Reuters) 

Contango Income Generator Ltd

CIE Details
Agreement with stockbroking firm for dividend shortfall: Contango Income Generator Ltd (ASX: CIE) recently announced that Contango Microcap Limited (ASX: CTN) has sold its 38% stake in CIE to a buying consortium at a price of $0.94 per share. CIE had entered into an agreement with stockbroking firm Taylor Collison Limited to underwrite the CIE’s Dividend Reinvestment Plan shortfall for the FY16 final dividend. Moreover, CIE got listed in August 2015 after an IPO and raised the funds of $70,263,882. CIE began investment activities on August 18, 2015. Additionally, CIE posted revenues increase from zero to $4.4m in FY 16 and consequently the profit after tax grew from zero to $2.7 m. We give a “Speculative Buy” recommendation on the stock at the current price of – $ 0.94

 
CIE Daily Chart (Source: Thomson Reuters) 

Infigen Energy Ltd

IFN Details
Strong Production Update: Infigen Energy Ltd (ASX: IFN) recently reported that its first quarter FY17 production surged 11% while revenue was up 56% owing to higher merchant electricity prices in SA. The group earlier announced the retirement of its Managing Director and the Chief Executive Officer, Miles George after the AGM on November 17, 2016 and the appointment of Ross Rolfe AO as his successor.

 

Quarter Result (Source: Company Reports)
 
Moreover, IFN reported on a continuing operations basis, the net profit after tax of $7.0 million in FY 16 which was $25.4 million higher than the prior corresponding period (pcp) primarily due to higher Large-scale Generation Certificate (LGC) and wholesale electricity prices. The statutory net profit after tax was $4.5 million, which is an increase of $308.1 million primarily due to the pcp reflecting a loss on discontinued operations. The group will hold its AGM on November 17, 2016. IFN stock is added to the S&P/ASX 200 Index in September 2016 while the stock rose 22.67% in the last six months (as of November 04, 2016).  Accordingly, we give a “Speculative Buy” recommendation on the stock at the current price of – $ 0.95

 
IFN Daily Chart (Source: Thomson Reuters) 

Peet Limited

PPC Details
Good growth of EBITDA margin in FY 16: Peet Limited (ASX: PPC) is set to hold its AGM on November 23, 2016. The group reported an 11% growth in the operating profit and statutory profit after tax to $42.6 million in FY 16. The growth in the profit is due to an improved EBITDA margin, which increased by 6% to 32%. PPC had 2,426 contracts on hand as at June 2016. In FY16, PPC entered into a conditional agreement with the University of Canberra for the proposed development of approximately 3,300 dwellings with an expected gross development value of circa $1.7 billion. Trading at a reasonable dividend yield and P/E, we give a “Buy” recommendation on the stock at the current price of – $ 0.95  

 
PPC Daily Chart (Source: Thomson Reuters) 

Rhipe Ltd

RHP Details
Agreement between RHP and NetLinkz for NetLinkz’s products: Rhipe Ltd (ASX: RHP) and NetLinkz Limited has signed a non-exclusive distribution agreement with RHP to promote and sell NetLinkz SD-WAN products into the Asia Pacific region, including Australia.

 

FY 16 Financial Performance (Source: Company Reports)
 
RHP reported a 32% growth in the group revenue to $143.0m in FY 16 and the reported EBITDA grew 208% to $1.5 million. The group will conduct its AGM on November 23, 2016. We give a “Speculative Buy” recommendation on the stock at the current price of – $ 0.91

 
RHP Daily Chart (Source: Thomson Reuters) 

OneAll International Ltd

1AL Details
Profit Subdued in FY 16: OneAll International Ltd (ASX: 1AL) reported slight growth in the revenue to $40.5 million in FY 16 but the reported net profit after tax fell to $9.15 million as compared to $11.2 million in FY 15. This is due to the challenging market conditions in most European countries in FY 16, and the impact of an additional $2.2 million of expenses incurred due to the listing of the company on the Australian Securities Exchange, coupled with ongoing administration costs associated with operating as a public company. The group will conduct its AGM on November 29, 2016. Given the limited growth potential, we give an “Expensive” recommendation on the stock at the current price of – $ 0.97   

 
1AL Daily Chart (Source: Thomson Reuters)

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