Monthly Archives: May 2017

Sims Metal Management Ltd.’s Weakness in stock sentiment continues

Weakness in stock sentiment continues: Sims Metal Management Ltd.’s (ASX: SGM) stock fell about 2.2% on May 30, 2017 owing to volatile sentiments across commodity prices. There is a speculation that iron ore consumption in China might be sustained at the back of infrastructure requirements, and this might bring some change in price dynamics. The group had earlier reported NPAT

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Western Areas Ltd Rising nickel prices drove the stock sentiment

Rising nickel prices drove the stock sentiment: Western Areas Ltd (ASX: WSA) stock enhanced over 3.7% on May 30, 2017driven by the nickel prices. Moreover, the group recently reported that they expect anA$13.3m rise in post‐tax FY17 earnings as WSA has ceased to equity account the investment in Bluejay Mining Plc (earlier FinnAust Mining Plc) during the current half.  

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G8 Education Ltd Positive outlook boosted the stock sentiment

Positive outlook boosted the stock sentiment: G8 Education Ltd (ASX: GEM) stock rallied over 3.5% on May 30, 2017driven by the recent positive outlook. GEM expects to generate an underlying EBIT of mid-to-high $170’s million for FY17 despite pressure in occupancy levels. The group has been increasing prices as well as is focused on their costs to offset the occupancy

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2 stocks that moved up on ASX – G8 Education Ltd and Western Areas Ltd

Positive outlook boosted the stock sentiment: G8 Education Ltd (ASX: GEM) stock rallied over 3.5% on May 30, 2017driven by the recent positive outlook. GEM expects to generate an underlying EBIT of mid-to-high $170’s million for FY17 despite pressure in occupancy levels. The group has been increasing prices as well as is focused on their costs to offset the occupancy

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