Let’s have a quick look at some announcements from today.
Announcements July 24 – Watchlist Update 10:40am
SDV is the winner so far today while the dilution in TLX is being absorbed.
Dimerix ASX:DXB
This one came after the market close yesterday:
I don’t follow this company too closely although I have owned them in the past. Just based on this quarterly report, you would have to think a capital raise will be required in the coming months unless they’re on the verge of significant cash flows.
Can the stock push back above the 23.6% level at 52c or head lower down to the 38.2% level of 43.5c on the back of this result?
Pilbara Minerals ASX:PLS
https://pilbaraminerals.com.au/
The company continues to prove that they are great operators. Sadly like all mining companies, they are at the mercy of the commodity price of their resource(s). I am quite interested to note that they received a higher Lithium price this quarter than last quarter when all the information I’ve seen suggesting that the Lithium price continued to fall during the quarter.
The most shorted stock on the market and with good reason when you look at this chart.
Telix Pharmaceuticals ASX:TLX
Convertible Bond issue from Telix looks a great deal for the company. Unless I’m missing something, this is equivalent to a capital raise in the future at ~26% above the current price with an interest payment in the meantime of 2.375% p.a. Bravo Telix! Nevertheless, this does dilute existing shareholders somewhat and the price looks set to open lower as a result.
Vinyl Group ASX:VNL
Bit of hype around this company due to the involvement of Richard White (CEO of Wisetech). I don’t see anything to get excited about at this stage in these numbers. Remains a story stock for now.
Will the 50% level hold and see a bounce back to test 11.5c or will it break and do down to test 7.8c?
AML3D ASX:AL3
Comments for ASX:VNL also apply to this company. Both could be incredible one day but they have more work to do yet.
Will the 50% level be tested today or the 38.2% level?
Pantoro ASX:PNR
This emerging gold producer continues to execute in all the ways you’d want to see. Debt continues to come down, production continues to increase and the money is now rolling in. 100% unhedged means they are capturing in full the benefits of a buoyant gold price.
This stock has a long way to go. Near record gold prices and increasing production and profitability are the ingredients they need to continue to deliver.
SciDev ASX:SDV
This little company continues to execute well. They have now been operating cash flow positive 8 out of the last 9 quarters and have just completed their best year ever. Revenue looks to be a beat by a couple of million while EBITDA looks like a big beat on what the analysts were expecting (although for such a small company with a $77M market cap, there is probably only 1 or 2 analysts).
It’s a long way to go for this company but continuing to deliver results as they have can only help.
Disclaimer: This information is provided purely for educational purposes. It takes no account of an individual’s personal financial circumstances and hence can in no way constitute financial advice. The above data may be subject to errors or inconsistencies for which the author takes no liability. It is imperative that all investors do their own research or if they need advice, seek it from a qualified financial adviser.
Announcements July 24