JB Hi-Fi Ltd

JBH Details
·         Management update from The Good Guys: JB Hi-Fi Ltd (ASX: JBH) stock rallied over 3.97% on April 06, 2017 driven by the positive management update from The Good Guys and JBH quarterly update. Michael Ford has resigned as CEO while Terry Smart would rejoin as CEO of The Good Guys. JBH group also gave a positive March FY17 Quarter update wherein the comparable sales increased 8.2% on a year on year (yoy) basis while the overall sales rose 10.8% during the period. The Good Guys business delivered a comparable sales increase of 1.2% while overall sales improved 2.6% on a yoy basis.The group reiterated their overall group sales guidance of over $5.58 billion while underlying NPAT is forecasted to be in the range of $200 million to $206 million, which is a rise of 31.4% to 35.4% against prior corresponding period (pcp).

·         Recommendation: JBH stock corrected over 13.3% in the last three months (as of April 05, 2017) and we give a “Hold” recommendation at the current price of $ 25.38

Estia Health Ltd

EHE Details
·         Potential acquisition interest drove the stock higher: Estia Health Ltd (ASX: EHE) stock rallied over 3.5% on April 06, 2017. Seven Group Holdings Ltd and subsidiaries have acquired 8.54% interest of EHE ordinary shares. Recently, Sentinel Investment Management Limited, which holds 13 million shares or 4.988% of the group’s shares as Trustee of the Sentinel Investment trust, expressed its interests to boost their investment value in the group by making a binding Heads of Agreement with a leading aged care operator such that the operator would acquire the aged care operations of EHE.

·         Recommendation: EHE stock rallied over 19.77% in the last three months (as of April 05, 2017) and is currently trading at a slightly higher level. We give an “Expensive” recommendation on the stock at the current price of $ 3.26

Adslot Ltd

ADJ Details
·         New management appointments and publishers win drove the stock: Adslot Ltd (ASX: ADJ) stock rallied over 14.5% on April 06, 2017 with improving sentiments. The group appointed Mr. Cary Dunst as General Manager for North America. Under his leadership, the group intends to drive their business strategy across the North American market while managing new and existing relationships with media agencies, advertisers, publishers, partners and other key stakeholders across the region. The group is also adding publishers to their network, and accordingly, signing leading US, and US based global publishers which comprise Conde Nast (publishers of Vogue, GQ, and Vanity Fair) and Hearst (publishers of Cosmopolitan, Marie Claire, Harper’s Bazaar, and Esquire). The group also signed premium Finance and Technology publishers like Investing Channel and Ziff Davis. The group also updated that Programmatic, or Real Time Bidding (RTB) enabled media trading is witnessing rapid growth and currently represents more than $20B of the circa $80B online display ad market.

·         Recommendation: ADJ is available at lucrative levels as the stock corrected over 37.4% in the last three months (as of April 05, 2017). We give a “Speculative Buy” recommendation on the stock at the current price of $ 0.071

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