The ALL ORDINARIES (Indexasx: XAO) (ASX: XAO) has closed up 0.5% at 5,649.8 and has now gained 2.2% in just the past 5 business days. Sector performance has been mixed, with energy and gold falling more than 1% while financials and telecommunications both gained more than 1%.
These 6 stocks are also having a good day…
Yowie Group Ltd (ASX: YOW) is up 9.1% to $1.135. Almost a year-to-the-day the company announced it had secured a large US deal with Valero Corner Store and saw its shares jump 15%, the confectionary producer continues to see its shares climb. Just a month ago, the company announced that its Yowie confectionary product was going to be rolled out to 4,300 Walmart stores beginning next month. Further deals with other retailers may be on the cards too.
FSA Group Ltd (ASX: FSA) climbed 8.5% to $1.40. The company provides debt solutions and direct lending to individuals and business, mainly to those struggling with existing debts. Earlier this week, FSA announced that it had strengthened its market share for debt agreements from 45% in 2014 to 48% in the 2015 financial year. FSA last reported an 18.5% increase in net profit for the six months to December 2014, and full year results may be worth watching.
Senetas Corporation Limited (ASX: SEN) rose 6.9% to 15.5 cents after the company updated its market guidance. The encryption hardware company expects to report a net profit of between $5.7 and $6 million for the 12 months to June 30, 2015. That's more than double last year's $2.5 million. No wonder shares are up 187% since the beginning of this year. Senetas is one stock to add to your watchlist.
Affinity Education Group Limited (ASX: AFJ) gained 7% to 76 cents. The childcare centre group is under takeover offer from G8 Education Ltd (ASX: G8), with the offer being 1 G8 share for every 4.61 shares in Affinity. With G8 shares soaring on Wednesday and gaining another 4.6% today, Affinity shares are also rising correspondingly. Affinity's board is considering the offer and has yet to make a formal announcement whether they will support the bid or not.
AP Eagers Ltd (ASX: APE) added 6.3% to $9.65 after the motor vehicle dealership group announced today that it expected to report a net profit before tax of $59.5 million for the 2015 financial year, a 29% increase over last year. Investors were obviously pleased with that news, although shares look slightly expensive at these prices – that is unless the company can continue to deliver similar growth in future.
Blackmores Limited (ASX: BKL) closed up 5.1% at an astonishing $82.99 putting the company on a trailing P/E ratio of more than 32x and a lowly dividend yield of 2%. The vitamins and supplements group has had an amazing turnaround as I've detailed previously, but investors may well be disappointed buying in at current prices.
