AXSESSTODAY LIMITED - ASX: AXL

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ShareShack user name hidden until logged in August 06
AxcessToday came out with a great trading update and more importantly FY19 guindance update on Friday. This appears to be a well managed, well funded business with strong growth potential. Share price seems to be responding positively now.

https://www.asx.com.au/asxpdf/20180802/pdf/43x10g8tgbfkkg.pdf
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ShareShack user name hidden until logged in June 12

I enjoyed today's trading. Was very interesting for 5 shares that I hold:

1. Nuheara (NUH): I was pleased to see the shares close up 4.55% to 11.5 cents following the completion of a $6 million capital raise on Thursday at 9.5 cents.

I felt the share price wasn't going to go anywhere until the company raised money and now that it has, I'm hoping it might rise.

Today was a good sign, but it may well be that the market wants a sales update before its willing to push the price higher.

On the face of things the company is executing well. It recently entered Japan, having previously entered the US and European markets and it now has funding.

2. Blackham Resources (BKL): This came out with an announcement today that drilling results have strongly supported the potential for the continuation of underground mining at its high grade Golden Age orebody.

In addition the article below in the West Australian talks about the company producing $1.5 million of gold every four days and looking to hire people to expand its operations.

However, the share price didn't budge- it stayed at 6.9 cents. This represents an $88 million market capitalisation, which is very small for a company that is producing gold at an annual rate of around 90,000oz per annum

I honestly don't know what I'm missing on this one. I left a message for the investor relations manager, but he didn't call me back. Will try again tomorrow.

https://thewest.com.au/news/wa/price-of-gold-spurs-wave-of-wa-fifo-jobs-in-remote-mining-town-of-wiluna-ng-b88863549z

3. Shriro Holdings (SHM). This share was smashed around a month ago. It fell from ~$1.40 to $1.00 due to a trading update that showed trading was challenging for its kitchen appliances business.

The $1.00 price represented a p/e multiple of ~6.0x and franked dividend yield of 11%.

Whilst I realise the business is in a competitive space, it's very rare to find companies trading at 6x p/e, producing cash that allows the payout of an 11% dividend and with a balance sheet that is almost debt free.

Since it has fallen it has gradually recovered, today reaching $1.27 and closing at $1.225.

What has been interesting about the recovery from $1.00 through to todays closing price has been the thin trading, with hardly any sellers on the screen and lots of buyers.

I'm a bit worried that someone with a smallish holding is pumping the stock (hence the small volumes driving the price up), but its done well for me.

4. Axesstoday (AXL): This share is a thinly traded stock that has fallen all the way back to a close of $2.09 today off small volumes. It had risen to over $2.40 a week or so ago.

I got in at $2.20, which represents a historic p/e multiple of around 20x

I'm thinking about buying more, because (as I've posted previously) they have a perfectly credentialed management team for what they do, are disrupting the incumbent competition and have been executing very well.

I also read that they presented at Shaw and Partners brokerage today and are held by Perennial Value in their micro cap fund. They were also spoken highly of in Livewire markets.

So the institutional sentiment around this stock is good and as long as they keep delivering, I reckon the share price will move higher in the long term.

5.Qantas (QAN): This closed at $6.57 today and seems to be moving up. I got in around a week ago at $6.40 off the back of Regal Funds Managements presentation at a conference.

I did a post on this a couple of weeks ago (you can find it by searching for Qantas in the search bar) which outlined a number of good reasons why Regal thought the stock was undervalued.

I like the fact Qantas is buying back their shares, as this means they believe they're cheap. In addition, with less shares on issue, it will also underwrite a stronger earnings per share growth profile.

All up, an interesting day...

Please note that the views I've expressed above are my personal opinion. Whilst I could be right in my assessment, I could also be entirely wrong.

You should always do your own research.

I'd also love anyone else thoughts, particularly if they disagree.
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ShareShack user name hidden until logged in June 07
I've posted previously about Accesstoday (search for AXL in the search bar above to see previous posts).

Price came off today off low volume. It is quite tightly held, so fairly illiquid. It is therefore prone to volatility to the downside if there are sellers out there and conversely to the upside if there are buyers.

I like this stock because it hasn't missed a beat in the execution of its strategy ever since IPO'ing.

It's backed by a very experienced management team, continues to beat earnings forecasts and is still only a small company at $140m.

Most importantly, it is only just being discovered by the institutional market.

Video below from a fund manager that has taken a position in the stock articulates perfectly in my view why this is such an exciting opportunity.

I have bought in as I think the p/e multiple of around 20x is undemanding for a company with the strong earnings growth momentum that AXL has:

https://www.youtube.com/watch?v=Y4Ag-SvsN-I
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ShareShack user name hidden until logged in May 31
Axxesstoday had a great day today, continuing the strong upward momentum in the share price.

I did a detailed post about it around 5 days ago on why I thought it was a great opportunity (type AXL in the Search bar to find this post).

They presented a few days at a Shaw and Partners Emerging Leaders conference and there's very strong sentiment towards this stock at the moment underpinned by strong sales and earnings growth momentum.

I bought the day after I did my post.

If the stock sounds interesting, please do your own research. It's always important to do this and not to rely on others.

Its possible AXL could come back after running so hard- but I like the story!

https://www.asx.com.au/asxpdf/20180530/pdf/43vdrckwdgz8p4.pdf
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ShareShack user name hidden until logged in May 26
There's a lot of hype around Axsesstoday, which offers financing for businesses in the hospitality industry for equipment such as coffee machines, display units, cooking, refrigeration and dishwashing equipment.

It also provides financing for businesses in the transport sector, for second-hand trucks, trailers, forklifts and other light trade vehicles.

It assesses the credit risk of small businesses by using algorithms and modelling specifically developed for the hospitality and transport sectors.

For the hospitality industry, this includes looking at the location of venues, and the track record and success rates of the operators.

Founded in 2012, the business listed on the ASX in 2016 after growing its loan receivables book from zero to over $52 million in four years.

Since listing, this has grown a further $116m to $256m at 31 Dec 17, which is substantial.

The business' focus on the hospitality industry means that it's leveraged to Australians spending more of their disposable incomes eating out at cafes and restaurants.

This trend has been increasing because of the increase in dual-income households and younger people preferring to spend their money on ‘experiences’ as opposed to possessions.

This means more cafes and restaurants are opening in Australia, which is good for Axsesstoday as they require equipment finance.

The company has provided guidance of $7 million profit after tax for FY 18. This means it is trading on a p/e multiple of 20x at the current market capitalisation of $140 million.

However, the $7 million income represents 94% growth on the prior year and consists of recurring interest income that will roll into FY 19 and layer with interest from new loans made in that year.

The p/e multiple will therefore reduce in FY 19 due to strong expected earnings growth

The business has also begun piloting the product in Canada, so that is also an opportunity.

What I really like though is they are still a small company, yet backed by a very credible management team, with extensive experience in lending and structured finance.

I also noticed that Pendal, which is a global funds management business, has recently become a substantial shareholder.

It’s normally unusual for a business of Axcesstodays small size to attract big institutional interest, so that’s a great endorsement.

Their shares were up 7.8% on Friday, but I definitely think they're one to watch.....

https://www.asx.com.au/asxpdf/20180212/pdf/43rhmzp19j22fv.pdf
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