GDI Property Group Ltd

GDI Details
Strong dividend yield and positive outlook: For six months’ period ended 31 December 2016, GDI Property Group Ltd (ASX: GDI)confirmed distribution of 3.875 cents per security for security holders, unchanged from previous year corresponding period. For the first half of the year 2017, funds from operations recorded 4.73 cents per security while net tangible security stood at $1.07 per security, which is an increase of $0.06 per security from June 30, 2016.  Looking ahead, Funds from operations for full financial year 2017 is expected to be not less than 8.20 cents per security while forecast distribution is seen not less than 7.75 cents per security.
 

Contributors to FFO and AFFO (Source: Company Reports)
 
The group has been said to be well within the primary facility covenants, with a Covenant Loan to Value ratio of 35.37% (Covenant of 50%) and a Covenant Interest Cover ratio of 4.11 X (Covenant of 2X). Focus for the full year includes growing assets under management in the funds business as value add opportunities arise, identifying potential for more co-investment stakes, and reviewing alternate strategies and capital sources. Trading at a solid annual dividend yield, the stock has gained about 9.5% gain in past six months (as at March 24, 2017).We give a "Speculative Buy" recommendation at the current share price of $ 1.05


GDI Daily Chart (Source: Thomson Reuters) 

Clean TeQ Holdings Ltd

CLQ Details
Strategic partnership and cash levels:  Clean TeQ Holdings Ltd’s (ASX: CLQ) stock has risen 4.44% on March 27, 2017. The group recently formed a strategic partnership with a leading Chinese conglomerate, Pengxin Mining, in order to fast track development of the Syerston Nickel-Cobalt-Scandium Project in Australia. Pengxin will be making an initial investment of A$ 81 million in CLQ and would also assist the group to facilitate Chinese project-debt financing for the project. Syerston is one of the largest accumulations of cobalt outside of Africa and also one of the largest and highest-grade scandium deposits in the world. Clean TeQ was recently awarded a grant under the second round of the Cooperative Research Centre's Project program. A government funding of $632,285 has been approved for the project which is scheduled to commence in March 2017. The project is to develop energy efficient waste water treatment technology using graphene oxide technology undertaken in association with Iconic Industries Ltd and Monash University. CLQ has developed Continuous Ionic Filtration (CIF®) technology which is used for water and wastewater filtration, and the CIF® technology works by capturing charged ions in contaminated water and wastewater streams and producing clean water for reuse. For the financial half year ending December 31, 2016, cash and cash equivalents stood at $15.4 million as compared to $6.82 million in same period a year ago. The stock has been added to All Ordinaries Index effective March 20, 2017. We believe the stock is a "Speculative Buy" at the current share price of $ 0.94


CLQ Daily Chart (Source: Thomson Reuters)

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