3 Stocks that moved up on ASX – GEM, CYB, EVN

The ASX share market saw some surprise winners this week as it turned to a local haven because of the increased trade tensions. Few of the big names (like ANZ) made strong gains and are driving the Australian market into the right direction. 3 players that were seen to gain some momentum along with big players are mentioned hereinbelow:

G8 Education Ltd (ASX: GEM) was seen to witness a stock price rise of 3% on June 22, 2018 while the stock has been smitten lately by the challenging occupancy scenario. Many experts believe that the demand in the sector will improve and government funding will help families use more childcare facilities. Further, takeover talks also hover around the group.

One of the stocks that have rallied along with the heavyweights is CYBG PLC (ASX: CYB) under the financials sector. There was a daily change of 0.888% and in terms of price it is $0.050 on June 22, 2018. As the royal commission has entered into the final stage, investors now see value as the state of affair is now balanced. The stock has seen a performance change of 5.04% over the past one month. The market capitalization for the stock is $4.98 Billion and annual dividend yield of 0.31%. There is an ownership split c.62% to existing CYBG shareholders and c.38% to Virgin Money shareholders. Pound 120 million of annual run rate cost synergies are expected by end of FY2021. The company is reaching an inflection point in the banking industry, and is delivering an enhanced retail customer proposition. CYBG also has a strong regional differentiated SME franchise. Further, diversified funding base is with >75% customer deposit funding.

Another stock joining hands is Evolution Mining Ltd (ASX: EVN) under the metals and mining sector, and the stock has seen a performance change of 46.81% over the past 12 months. The stock price changed by +0.870% and in terms of price, a change of $0.030 was noted, in light of positive sentiments. The price change has been decent from $2.430 as at June 22, 2017 to $3.470 as at June 22, 2018. The mining stock also gives an annual dividend yield of 1.88%. Meanwhile, Empire Resources lately announced the result of a recent two hole RC drilling program undertaken at the A-Zone prospect of the advanced Yuinmery copper – gold project (with EVN having 91% interest). On RC hole, targeting of the up dip extension to previously outlined mineralization intersected 12m @ 2.05% Cu, 0.31 g/t Au from 138m downhole including 2m @5.1% Cu, O.50 g/t Au from 138m.


The advice given by Kalkine Pty Ltd and provided on this website is general information only and it does not take into account your investment objectives, financial situation or needs. You should therefore consider whether the advice is appropriate to your investment objectives, financial situation and needs before acting upon it. You should seek advice from a financial adviser, stockbroker or other professional (including taxation and legal advice) as necessary before acting on any advice. Not all investments are appropriate for all people. Kalkine.com.au and associated websites are published by Kalkine Pty Ltd ABN 34 154 808 312 (Australian Financial Services License Number 425376). The information on this website has been prepared from a wide variety of sources, which Kalkine Pty Ltd, to the best of its knowledge and belief, considers accurate. You should make your own enquiries about any investments and we strongly suggest you seek advice before acting upon any recommendation. Kalkine Pty Ltd has made every effort to ensure the reliability of information contained in its newsletters and websites. All information represents our views at the date of publication and may change without notice. To the extent permitted by law, Kalkine Pty Ltd excludes all liability for any loss or damage arising from the use of this website and any information published (including any indirect or consequential loss, any data loss or data corruption). If the law prohibits this exclusion, Kalkine Pty Ltd hereby limits its liability, to the extent permitted by law to the resupply of services. There may be a product disclosure statement or other offer document for the securities and financial products we write about in Kalkine Reports. You should obtain a copy of the product disclosure statement or offer document before making any decision about whether to acquire the security or product. The link to our Terms & Conditions has been provided please go through them and also have a read of the Financial Services Guide. On the date of publishing this report (mentioned on the website), employees and/or associates of Kalkine Pty Ltd do not hold positions in any of the stocks covered on the website. These stocks can change any time and readers of the reports should not consider these stocks as advice or recommendations.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s