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Surge in Whitehaven Coal and Aconex

Apr 25, 2016 | Team Kalkine
Surge in Whitehaven Coal and Aconex


Whitehaven Coal Ltd

Industry: Energy



WHC Details
  • Strong ROM coal production: Whitehaven Coal Ltd (ASX: WHC) surged over 5.3% on April 22, 2016 as investors were bullish on coal than the other metal prices. The group delivered a strong high ROM coal production of 5.7Mt for March quarter which is an increase by 21% yoy as compared to the same period of last year and 44% returns for year to date. Meanwhile, the highest quarterly saleable coal production of 5.3Mt for March surged by 28% against pcp and delivered 48% returns during the YTD. Coal sales rose 48% yoy to 5.5Mt. Maules Creek Production ramp up is ongoing wherein over 2.0Mt ROM coal was produced in the quarter. Management reported that they are in line to meet FY2016 guidance for saleable coal in the range of 19.5Mt to 20.1Mt.
  • Recommendation: We give a “Speculative Buy” on the stock at the current price of $0.80
 

Managed production highlights (Source: Company Reports)
 
Aconex Ltd

Industry: Information Technology



ACX Details
  • Boosting capital position: Aconex Ltd (ASX: ACX) surged over 6.9% on April 22, 2016 with positive response from market. ACX also got a response for its SPP via which the group intended to raise $5.0 million. Accordingly, the management decided to raise over $12.0 million via SPP to capture the strong demand from investors. On the other hand, ACX already rallied over 34.19% (as of April 22, 2016) in the last three months placing the stock at higher levels. We believe that the stock is “Expensive” at the current price of $6.75

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