What’s Hot, Not & Doing
Brought to you by TSN Contributor & Wealth Advisor Nick Kelso
What’s Hot – KPO, ACW, PPS, VTX, DYL, PCL & KGN
What’s Not – KLS
What’s Hot
KPO – Kalina Power Limited today closed up 120% to finish at 1.1c on $170k stock traded. The reason they were up today was because they announced a memorandum of understanding (MOU) was executed with a US-based data centre developer.
The MOU is designed to develop AI-focused data centres with natural gas-fired power projects incorporating CO2 capture and sequestration.
The MOU outlines the framework of commercial terms from which to negotiate a binding project development agreement.
ACW – Actinogen Limited today closed up 88% to finish at 4.5c on $8m stock traded. The reason they were up today was because they announced further positive results from a phase 2a XanaCIDD trial of Xanamem in patients with cognitive dysfunction and major depressive disorder (MDD).
Xanamem’s durable therapeutic effect is consistent with the known pharmacology of cortisol to modify gene expression and consequent protein synthesis.
Benefits on depression for all endpoints were maximal at week 10, four weeks after finishing the 6-week course of treatment, pointing to a durable therapeutic effect resulting from controlling brain cortiso.
PPS – Praemium Limited today closed up 25% to finish at 52c on $3.2m stock traded. The reason they were up today was because they released its full year results which highlighted a 12% increase in revenue and other income to $84.9m.
Underlying EBITDA was down $1.9m to $21.5m and underlying expenses increased by $10.4m to $61.3m
Investments in capability and resilience increased their costs, however the second half of the year showed a significant improvement in revenue with higher margins, higher funds under administration (FUA) and higher portfolio numbers.
VTX – Vertex Minerals Limited today closed up 18% to finish at 13c on $360k stock traded. There was no news out today but a fortnight ago they announced a placement to raise $3.8m @ 8c through the boys and girls at CPS Capital who were kind enough to offer us a few.
The funds raised will be used to advance the reward Gold Mine to production and for general working capital.
Last month, VTX announced ore sorting results for the Reward Gold Mine with TOMRA to assess the potential of upgrading the ore prior to further processing through the Hill End Gravity Gold Mill.
DYL – Deep Yellow Limited today closed up 17% to finish at $1.17 on $15m stock traded. There was no news out today but late last month they released its quarterly which highlighted the completion of resource upgrade drilling at its Tumas Uranium Project located in Namibia.
The objective of the program is to improve drill spacing to enable the conversion of approximately 20Mlb U3O8 from the indicated to measured JORC mineral resource status.
Once all outstanding data has been received and validated the MRE will be updated ready for the mine scheduling and proved ore reserve estimation.
PCL – Pancontinental Energy Limited today closed up 13% to finish at 1.7c on $200k stock traded. There was no news out today but late last month they released its quarterly report which highlighted the continued analysis of the 6,593 km2 3D pre-stack depth migration (PSDM) seismic dataset at its PEL 87 Project located offshore Namibia.
Seismic bright amplitudes and Amplitude vs Offset (AVO) anomalies are evident within a number of exploration leads across the play types, including discrete leads that have been identified within the Saturn complex (intra-Saturn).
Saturn is at the same geological level, and is similar in other ways, and currently mapped as larger in area than Total’s major Venus oil discovery (Africa’s largest ever Sub-Saharan oil find) further south of PEL 87.
KGN – Kogan.com Limited today closed up 12% to finish at $4.85 on $15.5m stock traded. The reason they were up today was because they released its full year results which highlighted an adjusted net profit after tax (NPAT) of $21m in comparison to a $4.3m loss in FY23.
Operating leverage significantly improved, returning to historical highs with positive momentum, reflecting the growth in platform-based sales contribution and enhanced product ranging.
However, the company’s gross sales and revenue of $809m and $459.7m respectively, saw a slight decline by 4.8% and 6.1%.
What’s Not
KLS – Kelsian Group Limited today closed down 24% to finish at $3.82 on $30m stock traded. The reason they were down today was because they released its FY24 results which highlighted a 42.4% increase in revenue to $2,016.8m.
Underlying EBITDA was up 63.9% to $265.4m while underlying net profit after tax and before amortisation was up 32.3% to $92.6m.
Consistent with its defined growth strategy of organic and acquisitive growth and the investment initiatives, capital expenditure in FY25 is expected to be between $180m-$190m & $100m in FY26.
Rats Rant – IMPORTANT INFORMATION
The idea of this report is to be informative and hopefully point out some stocks that you wouldn’t ordinarily have seen during the day, maybe even have a laugh too.This report IS NOT personal advice. Sanlam Private Wealth Pty Ltd DOES NOT PROVIDE personal advice, Sanlam Private Wealth provides General Financial Product Advice.All advice included in The Rat’s Rant is General Advice. Please refer to the General Advice Warning. The views expressed in this report are my views and may not necessarily reflect the same views as Sanlam Private Wealth.It is very important to refer to the ASX website for information on any companies / stock that are contained in this report and as always please consult your financial adviser before acting.
Important Notice
Rat Consulting Pty Ltd (ABN 81 148 181 588 ) Authorised Representative (No 001281456) of Sanlam Private Wealth Ltd (ABN 18 136 960 775) holder of Australian Financial Services Licence (AFSL 337 927).