ChimpChange Ltd  

CCA Details
Strong Growth in November: ChimpChange Ltd (ASX: CCA) added over 7,700 new banking customers in November and is ahead of the schedule to surpass its year-end target. The total Transaction Volume (TTV) grew by 32% month on month to US$3.3 million. This is due to the strong growth, which has boosted the annualized run rate of CCA’s TTV to around US$40 million.
 

CCA’s TTV (Source: Company Reports)
 
Moreover, the customer deposits grew by 30% month on month in November to US$1.64 million. The value of CCA customer card purchases has hit a new high in November, as it grew by 31% month on month to US$1.17 million. We give a “Buy” recommendation at the current price of – $ 0.52


CCA Daily Chart (Source: Thomson Reuters) 

Freelancer Ltd

FLN Details
Acquisition of Nubelo and Prolancer: Freelancer Ltd (ASX: FLN) has acquired Nubelo and Prolancer, the largest Spanish and Portuguese freelancing marketplaces after Freelancer.com, respectively. The acquisition has placed FLN as the dominant leader in the Latin American, Spanish and Portuguese markets, leaving any remaining competitor far behind.
 

Job Volume (Source: Company Reports)
 
The group had earlier reported 47% year-on-year growth in cash receipts for nine months ended Q3 2016. We give a “Buy” recommendation on the stock at the current price of – $ 1.06

 
FLN Daily Chart (Source: Thomson Reuters) 

TPG Telecom Ltd

TPM Details
Successful bidder at the New Entrant Spectrum Auction in Singapore: TPG Telecom Ltd (ASX: TPM) is the successful bidder at the New Entrant Spectrum Auction in Singapore, and has acquired the spectrum available at the auction (being 2 lots of 2x5MHz of 900MHz spectrum and 8 lots of 5MHz of 2.3GHz spectrum) for a total purchase price of S$105m, payable within 20 business days. Moreover, TPM is expecting to incur capital investment in the range of S$200m to S$300m to establish a mobile network with nationwide coverage by September 2018. With this move, the group expects to become EBITDA positive when it reaches a market share of between 5% and 6%. TPM stock had fallen 40.82% in the last six months as on 15 December 2016, placing them at reasonable levels. We give a “Buy” recommendation on the stock at the current price of – $ 6.72

 
TPM Daily Chart (Source: Thomson Reuters) 

Bank of Queensland Ltd

BOQ Details
Increased Profit for FY 16 despite challenging environment: Bank of Queensland Ltd (ASX: BOQ) reported a 6% growth in the statutory net profit after tax to $338 million in FY 16 and a 1% growth in the cash earnings after tax to $360 million. BOQ posted increased cash earnings after tax for the fourth consecutive year, despite the challenging environment driven by interest rates and intense competition. The growth in the cash earnings is on the back of ongoing focus on the niche businesses, further improvement in the loan impairment expense, and included the one-off $15 million investment to refine BOQ’s operating model. BOQ stock has risen 9.73% in the last six months as on 15 December, 2016. We give a “Buy” recommendation on the stock at the current price of – $ 11.50

 
BOQ Daily Chart (Source: Thomson Reuters) 

Spotless Group Holdings Ltd

SPO Details
FY 16 performance in line with the guidance: Spotless Group Holdings Ltd (ASX: SPO) recently appointed Simon McKeon AO in its board. The group in FY 16 has reported a 10.6% growth in revenue but EBITDA was down 1.5% over last year. However, there is 17% and 6% growth in the underlying revenue and EBITDA, respectively. The revenue grew due to the stable performance of present business and the acquisition contribution.
 

FY 16 Financial Performance (Source: Company Reports)
 
FY16 EBITDA otherwise got negatively impacted by several significant items that include the large tender bid costs on two unsuccessful bids ($9m) and the treatment change on bid costs ($5m). SPO stock fell 15.56% in the last six months as on 15 December 2016, and has a good dividend yield while trading at a low P/E. We give a “Buy” recommendation on the stock at the current price of – 0.95

 
SPO Daily Chart (Source: Thomson Reuters) 

Magnis Resources Ltd

MNS Details
Valuation of the land completed for construction of the mine: Magnis Resources Ltd (ASX: MNS) completed the valuations for re-settlement and land compensation activities on the Nachu Graphite Project in Tanzania, which is a significant milestone for the company. This would open the way forward for the construction of the mine and MNS would be ready to begin construction at the end of the wet season. The valuation has come to a total US$3.4 million of the area within the Special Mining License (SML 550/2015). Moreover, the valuation documents have been accepted and approved for payment by the Chief Government Valuer. The land is purchased for the re-settlement of homeowners and has been cleared for the construction activities beginning early in the New Year. The cost is expected to be US$900,000 for the construction of a new housing village set to be completed in the second quarter of 2017. We maintain a “Buy” recommendation on the stock at the current price of – $ 0.81

 
MNS Daily Chart (Source: Thomson Reuters) 

Infigen Energy Ltd

IFN Details
Strong top line performance in the first quarter FY17: Infigen Energy Ltd (ASX: IFN) has reported an 11% growth in the production to 437 GWh in the first quarter of FY 17 on the back of better wind resource in New South Wales (NSW) and South Australia (SA). The revenue grew 56% in the first quarter of FY 17 to $62.8 million due to the higher merchant electricity prices in SA and to a lesser extent in NSW, higher merchant Largescale Generation Certificate (LGC) prices, and higher production.
 

1Q FY 17 Production and Revenue Performance (Source: Company Reports)
 
Currently, IFN is trading ahead of the financial guidance for FY17 but the performance going forward is subject to the energy pricing and wind conditions for the balance of the year. Moreover, IFN is expecting the sale of the Manildra solar development project to be completed in the first half of FY 17, which would help realize further $4 million EBITDA to the company. IFN stock has fallen 22.69% in the last six months as on 15 December 2016 placing the same at reasonable levels. The stock has also been added to S&P/ASX All Australian 200 Index effective December 16, 2016. We give a “Speculative Buy” recommendation on the stock at the current price of – $ 0.86

 
IFN Daily Chart (Source: Thomson Reuters) 

Onevue Holdings Ltd

OVH Details
Praemium’s partnership with OVH: Onevue Holdings Ltd (ASX: OVH) partner Praemium Ltd has provided a clarification on the announcement by OVH. OVH is selected as the new administrator by Praemium to deliver a better service at a lower cost in the retail superannuation business. OVH has demonstrated revenue growth of 77% CAGR from FY13 to FY16 and 19% over the last 12 months. Meanwhile, OVH stock has fallen 12% in three months as on 15 December 2016. We give a “Buy” recommendation on the stock at the current price of – $ 0.59

 
OVH Daily Chart (Source: Thomson Reuters) 

Pilbara Minerals Ltd

PLS Details
Native Title Agreement update: Pilbara Minerals Ltd (ASX: PLS) has reached agreement on the Native Title Agreement for its 100%-owned Pilgangoora Lithium-Tantalum Project, with Njamal People, the Traditional Owners of the land. This is a major milestone in clearing the way for the grant of the Pilgangoora Mining Lease. Moreover, PLS had signed separate access agreements recently with required rail operators for road access rights over their respective rail corridors. Additional, preliminary site work is nearing completion in preparation for the Stage 1 relocation of the accommodation camp supporting Pilgangoora exploration and development. Lately, Lithium Australia announced for re-commencement of Sileach™ pilot plant for which spodumene concentrates have been supplied by PLS. We give a “Buy” recommendation on the stock at the current price of – $ 0.52

 
PLS Daily Chart (Source: Thomson Reuters) 

Vocus Communications Ltd

VOC Details
Executed agreement to construct the Australia Singapore Cable: Vocus Communications Ltd (ASX: VOC) executed the binding agreement (contract-in-force) with Alcatel Submarine Networks to construct the Australia Singapore Cable (ASC). The ASC project forecasted to cost over US$170m over the build period, which would take over 19 months to build, and the completion is targeted by August 2018.
 

ASC Project (Source: Company Reports)
 
The group also lately announced for appointment of Bob Mansfield AO as Non-Executive Director to Vocus Board. We give a “Buy” recommendation on the stock at the current price of – $ 3.79

 
VOC Daily Chart (Source: Thomson Reuters) 

Insurance Australia Group Ltd

IAG Details
Strategy for 3-5 years: Insurance Australia Group Ltd (ASX: IAG) outlined the strategy for 3-5 years to drive customer and business benefits. The strategy also included measures for the anticipated business growth in line with the market of around 3-5%, in its core markets of Australia and New Zealand. Moreover, the group expects a higher growth in the chosen Asian markets while their optimization program would control gross operating costs by an annual run rate of at least 10%, or $250 million pre-tax, by the end of FY19. Additionally, IAG has reaffirmed its guidance for the FY 17 and maintained its reported margin guidance of 12.5-14.5%. The group lately redeemed about 187,438,000 unsecured subordinated bonds. Meanwhile, IAG stock has risen 10.98% in the last three months as on 15 December 2016. We give a “Buy” recommendation on the stock at the current price of – $ 5.83

 
IAG Daily Chart (Source: Thomson Reuters) 

Praemium Ltd

PPS Details
Clarification on Onevue’s partnership: Praemium Ltd (ASX: PPS) offered a clarification on the announcement by Onevue Holdings Ltd as PPS appointed Onevue as superannuation administration partner. Moreover, Praemium’s Australian SMA Platform has over $3.3 billion in assets that includes $425 million of the assets in PPS’s retail superannuation offer. These assets would remain invested on PPS’s platform. For FY16, the group reported 300% growth in profit before tax over last year’s normalized result while revenues were up 29%. Meanwhile, PPS stock has risen 42.37% in the last six months as on 15 December 2016, and we give a “Buy” recommendation on the stock at the current price of – $ 0.41

 
PPS Daily Chart (Source: Thomson Reuters)

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