Fletcher Building Ltd

FBU Details
·         Lowered the EBIT guidance for FY 17: Fletcher Building Ltd (ASX: FBU) stock fell over 9.9% on March 20, 2017 after the company gave the updated FY 17 earnings update. FBU has lowered the operating earnings before interest, tax and significant items (EBIT) guidance for FY 17, which is now expected to be between $610 million to $650 million as compared with the earlier EBIT guidance range of $720 million to $760 million. The downward revised the guidance is due to the identification of additional estimated losses and downside risk in the Buildings and Interiors business unit of the Construction division.
 
·         Recommendation: FBU stock fell over 18.95% in the last six months (as of March 17, 2017). Given the trading scenario and trading headwinds, we give an “Expensive” recommendation on the stock at the current price of – $ 7.51

Stemcell United Ltd

SCU Details
·         Confirmation of Strategic Advisor remuneration: Stemcell United Ltd (ASX: SCU) stock lost over 21.4% on March 20, 2017 after the confirmation of the Strategic Advisor remuneration. SCU has issued 10 million shares to Mr. Nevil Schoenmakers, whom the company has recently appointed as a Strategic Advisor.Moreover, SCU has additionally agreed to pay Mr. Schoenmakers an advisory fee of $5,000 per month (inclusive of GST), payable in advance on the first day of each month, and will also meet any expenses related to his service to the company.
 
·         Recommendation: SCU stock fell over 48.78% in the last five days (as of March 17, 2017) and we believe the weakness might continue going forward. We give an “Expensive” recommendation at the current price of – $ 0.16

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