1800-272-662
Shopping Cart 0
countryflagAU
Login

small-cap

What made Nine Entertainment, Slater and Gordon and Independence Group move up?

May 02, 2016 | Team Kalkine
What made Nine Entertainment, Slater and Gordon and Independence Group move up?

 
Nine Entertainment Co Holdings Ltd


NEC Details
  • Agreement with Southern Cross: Nine Entertainment Co Holdings Ltd (ASX: NEC) surged over 3.5% on May 02, 2016 as the group signed a new regional television affiliation agreement with Southern Cross Austereo (SCA) (ASX: SXL) on April 29, 2016. This is a five year agreement which would enable SCA broadcast Nine’s metropolitan free-to-air television content into regional Queensland, Southern NSW as well as into Victoria. NEC plunged over 26.1% (as of April 29, 2016) in the last four weeks on the back of declining FTA market impact on its performance. But with this agreement, SCA channels would deliver Nine’s branding as well as broadcast its premium Australian and international content including The Voice and The Block, all NRL and Cricket broadcasts, boosting Nine brand across metropolitan and major regional markets. SCA would pay the group an affiliation fee of 50% of its television revenue.
  • Recommendation: Having an outstanding dividend yield, we believe that investors need to leverage the correction and “HOLD” the stock at the current price of $1.17
 
Slater & Gordon Limited

 
 

SGH Details
  • Bank Facility Amendments: Slater & Gordon Limited (ASX: SGH) made a gap up opening and recovered a whopping of 100% on May 02, 2016 after the group updated that they agreed with its lenders amendments to the terms of its present Syndicated Facility Agreement and executed documentation. Management continued its facility limits as well as maturity profile which offers capacity and a clear runway to execute its performance improvement efforts ahead of its nearest maturity and refinancing in May 2018. SGH has a strong dividend yield given its heavy decline of 89.07% (as of April 29, 2016) in the last six months.
  • Recommendation: We give a “HOLD” recommendation on the stock at the current price of $0.59
 
Independence Group NL


IGO Details
  • Strong March quarter performance: Independence Group NL (ASX: IGO) continued its rally on May 02, 2016 and delivered returns of 4.9% given its positive March quarter results. Gold production for the March quarter at Tropicana reached 101,038oz with the group’s share of 30,311oz Au at a cash cost of $837/oz Au and AISC of $1,067/oz Au. The Nickel production at Long project was 1,933t of contained nickel having an average C1 cash cost of $3.29/Ib payable Ni with by-product credits and royalties. Cash costs at Long project were 11% better than the December 2015 quarter. Meanwhile, the group finished 80.5% Construction at the Nova Project and is on track to start commissioning by late 2016 and to produce first concentrates in December 2016. The group also offloaded its shareholding in Gold Road Resources Limited for $16 million and started a diesel hedging program.
  • Recommendation: We maintain our “Buy” stance on IGO at the current price of $3.21
 

March quarter performance (Source: Company Reports)


Disclaimer
The advice given by Kalkine Pty Ltd and provided on this website is general information only and it does not take into account your investment objectives, financial situation or needs. You should therefore consider whether the advice is appropriate to your investment objectives, financial situation and needs before acting upon it. You should seek advice from a financial adviser, stockbroker or other professional (including taxation and legal advice) as necessary before acting on any advice. Not all investments are appropriate for all people. Kalkine.com.au and associated pages are published by Kalkine Pty Ltd ABN 34 154 808 312 (Australian Financial Services License Number 425376).The information on this website has been prepared from a wide variety of sources, which Kalkine Pty Ltd, to the best of its knowledge and belief, considers accurate. You should make your own enquiries about any investments and we strongly suggest you seek advice before acting upon any recommendation. Kalkine Pty Ltd has made every effort to ensure the reliability of information contained in its newsletters and websites. All information represents our views at the date of publication and may change without notice. To the extent permitted by law, Kalkine Pty Ltd excludes all liability for any loss or damage arising from the use of this website and any information published (including any indirect or consequential loss, any data loss or data corruption). If the law prohibits this exclusion, Kalkine Pty Ltd hereby limits its liability, to the extent permitted by law to the resupply of services. There may be a product disclosure statement or other offer document for the securities and financial products we write about in Kalkine Reports. You should obtain a copy of the product disclosure statement or offer document before making any decision about whether to acquire the security or product. The link to our Terms & Conditions has been provided please go through them and also have a read of the Financial Services Guide. On the date of publishing this report (mentioned on the website), employees and/or associates of Kalkine Pty Ltd currently hold positions in:  BHP, BKY, KCN, PDN, and RIO. These stocks can change any time and readers of the reports should not consider these stocks as advice or recommendations.
Copyright
Copyright © 2016 Kalkine Pty Ltd ABN 34 154 808 312. No part of this website, or its content, may be reproduced in any form without the prior consent of Kalkine Pty Ltd.
Kalkine is a trading name of Kalkine Pty Ltd ABN 34 154 808 312, which holds Australian Financial Services Licence No. 425376.

Mid-Cap
Technical Analysis on One NYSE-Listed Uranium Stock- UEC
Mar 13, 2026 Team Kalkine
Small-Cap
One NASDAQ- Listed Semiconductor Stock at Resistance Level- HIMX
Mar 13, 2026 Team Kalkine
Blue-Chip
MQG Scales AUM and Private Credit Capabilities to Drive Growth
Mar 13, 2026 Team Kalkine
Small-Cap
Technical Analysis on Two ASX-Listed Stock – RAU, HRN
Mar 13, 2026 Team Kalkine
Mid-Cap
Technical Analysis on One NYSE- Listed Mining Stock- ERO
Mar 12, 2026 Team Kalkine

Past performance is not a reliable indicator of future performance.