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Mid-Cap

Why are FlexiGroup, Corporate Travel Management and WorleyParsons up?

April 06, 2016 | Team Kalkine
Why are FlexiGroup, Corporate Travel Management and WorleyParsons up?

FlexiGroup Limited

Industry: Financials


FXL Dividend Details
  • Contribution from acquisitions: FlexiGroup Limited (ASX:FXL) have been recovering this month and rallied over 5.4% on April 06, 2016 after witnessing a heavy correction of 17.97% during this year to date (as of April 05, 2016). The group recently reported that they had finished Fisher & Paykel Finance acquisition from Fisher & Paykel Appliances and expects this acquisition to contribute to its fiscal year of 2016 Cash net profit after tax. The group also reiterated their FY16 dividend forecasts in the range of 50% to 60% of Cash NPAT.
  • Recommendation: Trading at a reasonable P/E with an outstanding dividend yield, we give a “BUY” recommendation on this stock at the current price of $2.55
 

Corporate Travel Management Ltd

Industry: Consumer Discretionary


CTD Dividend Details
  • Launched online business: The shares of Corporate Travel Management Ltd (ASX: CTD) delivered an outstanding performance of 6.6% on April 06, 2016 as the group launched a new online travel booking website, flybuys travel by collaborating with flybuys. This website is offering competitive prices to clients along with exclusive deals and bonus flybuys points on airfares coupled with hotel and car hire options (excluding flybuys booking fees). Members can maximize their flybuys membership by adding points for every booking or redeem points for travel.
  • Recommendation: CTD stock generated returns of about 23% in the last six months (as of April 05, 2016) and we recommend investors to “HOLD” the stock at the current price of $13.92
 

WorleyParsons Limited

Industry: Energy


WOR Dividend Details
  • No link with Unaoil: WorleyParsons Limited (ASX: WOR) recently reported that they follow honest and ethical conduct across its global business and confirmed of no relationship with Unaoil. The group’s stock was under pressure this month and slipped over 24.9% (as at April 05, 2016) on allegations of involving in Corruption activities to win contracts. On the other hand, the group’s recent confirmation of its ethical practices lifted the stock price by 5.1% on April 06, 2016.
  • Recommendation: WOR has an outstanding dividend yield and we give a “BUY” recommendation at the current price of $5.17




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The information given by Kalkine Pty Ltd ABN34 154 808 312 (Australian Financial Services License Number 425376) on this website is general information or advice only.

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