OZ Minerals Limited

OZL Details
· Drilling efforts to test Iris copper-sulphide prospect: OZ Minerals Limited (ASX: OZL) stock recovered over 1.6% on October 07, 2016 driven by the commodity price movement. The group’s Production at Prominent Hill copper and gold mine was earlier suspended on the back of electricity supply disruptions post the severe storms in South Australia. On October 03, the group clarified that the Electricity transmission to Prominent Hill mine would be restored in the coming seven to ten days. Management reported that their copper production would not be affected and maintained its annual production. Meanwhile, the group is investing $1.5 million on exploration expenditure at Minotaur’s 100% owned ‘Eloise’ tenements during 2016, which is located at 65km south-east of Cloncurry, Queensland. The follow-up drilling for testing the Iris copper-sulphide prospect is ongoing while Infill ground EM survey would offer a detailed data coverage over nearly 3.5km of strike along Iris trend.

· Recommendation: We maintain our “Hold” recommendation on the stock ahead of its quarterly results due in October, at the current price of – $5.86



Ongoing drilling efforts to test Iris copper-sulphide prospects (Source: Company Reports)

                              APN Outdoor Group Ltd

APO Details
· Downgraded 2016 outlook: APN Outdoor Group Ltd (ASX: APO) stock surged over 0.75% on October 07, 2016. The group finished acquisition of the outdoor advertising assets of Metrospace Advertising, which the group acquired for $18.7m plus net working capital on completion. On the other hand, APO stock fell over 27% in the last three months (as of October 07, 2016) as the group decreased their 2016 outlook and forecasts a decrease in market activity for the September to November period due to extended national election process followed by the Olympics. APO now forecasts a revenue rise in the range of 6% to 8% for 2016 while full year EBITDA is forecasted to be in the range of $79m to $84m as compared to their earlier EBITDA guidance of $84m to $88m. Despite this, APO stock is trading at a slightly higher P/E.

· Recommendation: We give an “Expensive” recommendation on the stock at the current price of – $5.35

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