Orocobre Limited

ORE Details
·         Volatile conditions: Orocobre Limited (ASX: ORE) stock lost over 5.33% on March 07, 2017 with a total fall of over 25.9% in last one month (as at March 06, 2017) owing to volatile conditions. Further, the company also reported that UBS ceased to be a major shareholder in the group on March 02, 2017. The group had earlier reported for first half net profit after tax of US$7.4 million on record sales and production.
 
·         Recommendation: Despite the recent fall in the stock, ORE stock is still trading at an unreasonable P/E. We give an “Expensive” recommendation on the stock at the current price of – $ 2.84

Nine Entertainment Co Holdings Limited

NEC Details
·         Agreement with the Winten Property Group: Nine Entertainment Co Holdings Limited (ASX: NEC) stock fell over 4.76% on March 07, 2017 as the stock traded ex-dividend. The group declared for a distribution amount of $0.045. Recently, the group reported that they made an agreement with the Winten Property Group for a lease of nine floors of a building which Winten will construct at 1 Denison Street, North Sydney. The new building will have the group’s studios for Sydney and all staff from the Willoughby and Sydney CBD office sites.

·         Recommendation: NEC stock surged over 7.1% in the last three months (as of March 06, 2017) and we believe this momentum in the stock would continue in the coming months. We maintain our “Hold” recommendation on the stock at the current price of - $ 1.00

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