ApplyDirect Ltd



AD1 Details

·       Alliance with Mercury Group: ApplyDirect Ltd (ASX: AD1) stock continued to surge over 13.16% on November 11, 2016 driven by the group’s strategic alliance with Mercury Group of Companies. With this move ApplyDirect’s industry first platform would connect with Mercury’s workforce management software, bringing employers and candidates together without recruitment agents and job boards. The group’s target industry opportunity also looks attractive as over 250,000 jobs would be added in the healthcare sector by 2020 based on the Department of Employment which represents over 25% of all new jobs in Australia. Accordingly, management believes that being the single destination for both jobs and candidates in the healthcare sector, they are well positioned to be leverage this opportunity. The above transaction is expected to enhance the relevance of the integrated talent acquisition solution to candidates and employers in the healthcare sector.
·       Recommendation: We give a “Speculative Buy” recommendation on the stock at the current price of $0.43
 
Galaxy Resources Ltd


GXY Details

·       Commodity prices rally boosted the stock sentiment: Galaxy Resources Ltd (ASX: GXY) stock surged over 12.5% on November 11, 2016 driven by the commodity prices rally post the outcome of the US Elections. The group also announced for new securities to be issued, including ordinary shares, unlisted options and share appreciation rights. The group recently finished construction at Mt Cattlin ahead of the schedule. The reflux classification circuit has started wet commissioning and would be tied into the Dense Medium Separation (“DMS”) circuit. On the other side, the group finished off-market takeover bid for General Mining Corporation and acquired 96.74% stake in General Mining. The Sal De Vida revised DFS reported positive results which confirmed the solid potential for a low cost and long life operation. The revised DFS forecasts a post-tax net present value of US$1.416 billion at an 8% discount rate and has the ability to generate average annual revenues of US$354 million and average operating cash flow of US$273 million per annum. GXY stock fell over 27.3% in the last three months (as of November 10, 2016) and is now trading at attractive levels.
·       Recommendation: We give a “Buy” recommendation on the stock at the current price of $0.36


Sal de Vida Project DFS highlights (Source: Company Reports)

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