Rat's Rant: What's hot, what's not and ... Walt Disney

By Rat's Rant. Published at Oct 17, 2019, in Market Wrap

On this day in 1923, the Walt Disney Company was founded.

A leader in the international entertainment industry, the company was created by brothers Walt and Roy as the Disney Brothers Cartoon Studio.

Today, Disney is synonymous with cartoon and animated movies and characters and is one of the best performed stocks in the world.

Read: Disney and its shareholders are at one with the Force

What's hot

Damstra Holdings Limited (ASX:DTC)

Damstra closed up 30% to finish at $1.23c on $8.5 million stock traded. This is a newly listed company, which raised $35m @ 90c conducted by the girls at Morgan Stanley with Morgans also acting as a co lead manager.

It's not one that I was aware of, but well done to anyone that got a few in the IPO. Also, well done to Morgan Stanley and Morgans on a successful listing.

Here are some details on what they do:

Damstra is an Australian-based provider of workplace management solutions to multiple industry segments across the globe. They develop, sell and implement integrated hardware and software-as-a-service solutions in industries where compliance and safety is of utmost importance. Our solutions assist our clients to better track, manage and protect their staff, contractors and their organisations, and to reduce the risks associated with worker health, safety and regulatory compliance. They pride themselves on playing a role in helping clients meet the requirements of health, safety and environmental regulations.

The Company has been operating since 2002, and has grown from a single office in Singleton, New South Wales, to having approximately 350 clients across eight countries and over 330,000 registered licences (in each case as at 30 June 2019) and operations in Australia, New Zealand, the United States, the United Kingdom and a global operations centre in the Philippines. Its solutions help clients deal with multiple aspects of their organisations, including workforce management, access control, asset management, learning management and HSE management. They are operating in a US$15.6 billion market (as at 2018) with significant opportunity for global expansion going forward.

Between 1 July 2016 and 30 June 2020, Damstra is forecast to deliver strong compound annual growth in pro forma revenue of 37%, and to generate positive operating cash flow over this period. However, it is forecast to generate an NPAT loss for the FY2020 period. The business is characterised by a loyal client base, having recorded a client retention rate of over 97% between FY2018 and FY2019 (based on total revenue). They have a growth strategy that seeks to expand the usage of its solution within existing clients, grow the number of clients who use its solution globally, continue to innovate and transform its technology through product development investment, and supplement its growth through selective, strategic acquisitions. Its North American performance demonstrates that its platform and business model can be scaled and implemented on a global basis and we see international growth as one of our core pillars.

Icar Asia Limited (ASX:ICQ)

Icar closed up 18% to finish at 32.5c on $1.2 million stock traded. There was no news, however two days ago there was a ceasing to be substantial notice lodged stating that PM Capital look to been selling quite a few shares on market. Maybe, just maybe, they are done now and that's why the stock is up or maybe there are more buyers than sellers.

Clearly, I have no idea and quite frankly I don't really give a ....stuff either but some details on what they do are listed below for those of you that do.

About iCar Asia Limited

iCar Asia owns and operates ASEAN’s No.1 network of automotive portals.

Headquartered in Kuala Lumpur, Malaysia, the company is focused on developing and operating leading automotive portals in Malaysia, Indonesia and Thailand. iCar Asia is continuously working to capitalise on its market-leading positions, with its online properties currently reaching approximately 12 million car buyers and sellers in the region every month.

iCar Asia Network of websites

Vital Metals Limited (ASX:VML)

Vital Metals closed up 18% to finish at 1.3c on $520,000 stock traded. Results from the general meeting, where all the resolutions were passed, was a factor.

I won't bore you with the resolutions, but there are a few smart cats on the board who may well read this, so I will be doing a bit more work on these guys in the coming weeks.

Some details on them are listed below:

ABOUT VITAL METALS

Vital Metals Limited (ASX:VML) is an explorer and developer holding a portfolio of gold, technology metals and base metals. Projects are located across a range of jurisdictions in West Africa and Germany.

Nahouri Gold Project – Burkina Faso

The Nahouri Gold Project (100% Vital) is located in southern Burkina Faso. The Project is made up of three contiguous permits; the Nahouri, Kampala and Zeko exploration permits. The Project is located in highly prospective Birimian Greenstone terrain with 400 sq km of contiguous tenements lying on the trend of the Markoye Fault Corridor.

Aue Project – Germany

The Aue Project (100% Vital) is located in the western Erzgebirge area of the German state of Saxony. The permit, comprising an area of 78 sq km is located in the heart of one of Europe’s most famous mining regions surrounded by several world class mineral fields. Historical mining and intensive exploration work carried out between from the 1940s and 1980s showed high prospectivity of the Aue permit area for cobalt, tungsten, tin, uranium and silver mineralisation.

Ansila Energy Limited (ASX:ANA)

Ansila Energy closed up 18% to finish at 2.7c on $180,000 stock traded. The reason they are up today is because they have changed their name from Pura Vida to Ansila Energy (sure, that's not why they are up).

There was no news, nor has there been for a while, but I am a shareholder as I mentioned on 30 September.

In case you missed it a few weeks ago this is what was written on 30/9/19 when they were trading at around 2c mark, so well done to any of you that bought a few after reading about them a couple of weeks ago.

Read: Rat's Rant: What's hot, what's not and ... The Canberra Raiders.

I drink grange and wash it down with a few glasses of Jack Daniels in case you were wondering.

What's not

Admedus Limited (ASX:AHZ)

Admedus closed down 18% to finish at 5.8c on $169,000 stock traded. There was no news in the market, but on Tuesday they announced a clarification in relation to the $22.8 million upfront payment for the sale of its CardioCel® and VascuCel® patch business to US based LeMaitre Vascular Inc who are listed on the NASDAQ.

This is another one I don't follow, nor do I care too much about it, but good luck to all of you that hold a few.

Some details on what they do are listed below:

About Admedus Limited

Admedus Ltd is a structural heart company delivering clinically superior solutions that help healthcare professionals create life-changing outcomes for patients. Its focus is on developing next generation technologies with world class partners.

What's doing?

Last week I caught up with Genex Power’s Executive Director, Simon Kidston to get an update on it's Kidston Hydro Project located in Queensland, as well as it's newly acquired Jemalong Solar project that's located up near Forbes in central New South Wales.

Genex Power Ltd (ASX:GNX) is focused on the development of clean energy and generation and has a portfolio of projects in NSW and QLD. Readers may know the company from their famous Kidston Clean Energy Hub (the Hub) development in far north Queensland where they are transforming an abandoned gold mine into an 250MW pumped hydro battery which has the capacity to power up to 280,000 homes.

The first stage of the Hub consists of a 50MW solar farm which has been operational since December 2017. To date, the solar farm has generated more than AUD$20.9M for the company and is backed by a 20-year revenue support deed provided by the Queensland Government.

Genex is all about securing those long-term contracts to lock in supported revenue to ensure strong stable cash flows. This allows the company to grow and expand its portfolio. This expansion was illustrated via the acquisition of the Jemalong Solar Project (JSP) in NSW which is expected to double the company’s revenues by late 2020.

Recently the company announced the Queensland Government is providing up to AU$132 million in funding towards the construction of the 186km single-circuit transmission line from Kidston to Mount Fox.

This is a key piece of infrastructure and enables the development of Kidston Pumped Storage Hydro Project which works to make the North Queensland electricity network more reliable. Further, the transmission line now unlocks additional stages for the Hub, including up to 270MW of additional solar and up to 150MW of wind.

The Queensland funding package compliments the Northern Australia Infrastructure facility (NAIF) concessional long-term loan of up to AUD$610M for the 250MW Kidston Pumped Storage Hydro Project.

The company has the potential to significantly re-rate their share price on the back of news flow anticipated in the short term which includes:

  • Commencement of construction of the Jemalong Solar Project; and
  • Final investment approval from Energy Australia for the hydro project.

Go Hard
The Rat

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