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5 ASX Stocks that soared up – APO, BAL, MSB, APX, SAR


APN Outdoor Group Ltd

Received bid from JCDecaux Group: APN Outdoor Group Ltd.’s (ASX: APO) surged over 12.137% on June 21, 2018 as French advertising Group, JCDecaux made a $1.1 billion bid for the firm. JCDecaux offered A$6.52 per APN share, which is 11.5% premium to APN's closing price on June 20, 2018. However, the group made an official statement that they are not taking any action related to the JCD Proposal at this stage. The Stock was trading at $6.56 post the news.

Bellamy’s Australia Ltd

Three new strategic arrangements: Bellamy’s Australia Ltd.’s (ASX: BAL) stock surged over 6% on June 21, 2018 as they made three new strategic arrangements to boost the volume of their Australian organic milk used in the production of its infant formula products. The group made agreements with Fonterra Australia, made a new multi-year agreement to secure access to Australian sourced organic fresh milk with an affiliate of Australian Consolidated Milk (ACM) as well as an amended agreement with Tatura Milk Industries Limited (TMI). This is a heads-up for its cost structure and supply chain scenario. The stock otherwise slumped by 22.7% in last three months.

Mesoblast Ltd

Favorable Phase 3 trial for remestemcel-L: Mesoblast Ltd.’s (ASX:MSB) Stock Rose over 6.1% on June 21, 2018 at the back of the positive Day 100 survival outcomes of its Phase 3 trial for remestemcel-L, an allogeneic mesenchymal stem cell product candidate, in children with steroid refractory acute Graft Versus Host Disease (aGVHD). The group hopes for positive results from finished Phase 3 trial, along with Day 180 safety, survival and quality of life parameters in the patients. In last one year, the stock has been down over 27% and now trades around $ 1.565, as at June 21, 2018.

Appen Ltd

Stock addition to S&P/ASX 200 Index: Appen Ltd.’s (ASX: APX) stock rose over 7% on June 21, 2018. Lately, Appen got added to S&P/ASX 200 Index. Management is confident on their growth prospects, and they are well positioned to leverage the growing adoption of Artificial Intelligence and Machine Learning. Their integration of the Appen and Leapforce systems, processes and people is on track. While the group trades at a higher level, close to its 52-week high price; the market expects the stock to yield returns to the likes of Amazon and other global tech stocks.

Saracen Mineral Holdings Ltd

Favorable progress of Exploration projects: With positive sentiments emerging on this gold play, Saracen Mineral Holdings Ltd’s (ASX:SAR) stock rose over 4.6% on June 21, 2018. The group had lately updated the market about its 6,000m drill program that started at aircore Pinnacles GT6 prospect. SAR has also provided its FY18 guidance that has been updated to 310-315,000oz at AISC A$1,100 - 1,150/oz. The group has also enhanced its cash and equivalents to A$101.5m as at March 31, 2018 against the figure of A$82.9m as at December 31, 2018. The stock has moved up about 92% in the past one year.  



This post first appeared on Kalkine, please read the originial post: here

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5 ASX Stocks that soared up – APO, BAL, MSB, APX, SAR

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