Monthly Archives: September 2016

FlexiGroup Limited Updated Guidance in FY16

Updated Guidance in FY16: FlexiGroup Limited (ASX: FXL) reported 8% growth in cash NPAT of $97.0 million in FY16, in line with updated guidance provided in May 2016. The group’s new business volume increased by 19% to $1,350 million on the prior year, and the closing receivables were up 47% to $2,094 million, crossing the $2 billion mark for the

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Finbar Group Limited Strong Project Pipeline

Strong Project Pipeline: Finbar Group Limited (ASX: FRI) reported a $21 million operating profit for FY16 and the net profit after tax reached $8 million after the investment property valuation impairments. There is an 11% growth in the pre-sales level to $451 million and there are projects worth $2.2 billion in pipeline which would support significant profit growth. We give

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Villa World Ltd Joint Venture with Greenfields

Joint Venture with Greenfields:Villa World Ltd (ASX: VLW) in joint venture with Greenfields Development Company, has agreed to the unconditional purchase of a 153-hectare site at Greenbank, south of Brisbane at the purchase price of $50 million (exclusive of GST) with settlement anticipated to occur in stages during FY18 and FY19. Moreover, VLW has resolved the Silverstone litigation between all

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15 small-cap stocks with dividends

Joint Venture with Greenfields:Villa World Ltd (ASX: VLW) in joint venture with Greenfields Development Company, has agreed to the unconditional purchase of a 153-hectare site at Greenbank, south of Brisbane at the purchase price of $50 million (exclusive of GST) with settlement anticipated to occur in stages during FY18 and FY19. Moreover, VLW has resolved the Silverstone litigation between all

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Western Areas Ltd Positive nickel prices outlook

Positive nickel prices outlook: Western Areas Ltd (ASX: WSA) stock corrected over 3.2% on September 28, 2016 after rallying over 9.8% in the last one month (as at September 27, 2016). The rally has been otherwise supported by recovering nickel prices coupled with a positive outlook. Meanwhile, high grade nickel-copper sulphide mineralisation has been confirmed at Cathedrals, Stricklands and Investigators

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Bapcor Ltd Boosting capital position

Boosting capital position:Bapcor Ltd (ASX: BAP) stock lost over 1.8% on September 28, 2016 while the group finished its capital raising. The group finished Institutional Placement of about 28.2 million ordinary shares at A$5.85 per share, to raise A$165 million. The group has announced for a proposed acquisition of Hellaby Holdings in order to enter the New Zealand market. On

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