3 Top ASX companies to create wealth

ClearVue Technologies Limited (ASX: CPV) 

TEAM VEYE | 07 May 2021 

ClearVue Technologies Ltd. is focused on development of specialty glass coating. The Company’s technology ClearVue PV is at its simplest energy efficient, clear glass windows which generate electricity and reduce energy consumption. Its technology allows visible light to pass through a pane of glass, while the invisible wavelengths of light are deflected to the edges of the glass where they are converted into electricity.

ClearVue Technologies Limited (ASX: CPV) on 30 April 2021 provided its quarterly cash flow and activities summary for the period ending 31 March 2021.

(Chart source: TradingView)

As of 31 March 2021, the Company had a cash balance of approximately AUD $2,794,000

Recent Events

  • On 26 April after the end of the quarter the Company announced that it had completed its dual listing onto the OTCQB® in the US under stock ticker OTC CVUEF.
  • On 19 April 2021, CUV announced that that its World First Clear Solar Research Greenhouse is today being officially opened in Perth Western Australia. The solar research greenhouse uses three different versions of its transparent solar photovoltaic glazing panels and is located at Murdoch University’s new grains research precinct at its South Street campus in Western Australia.
  • The Greenhouse research project has been supported under a $1.6 million grant from the Australian Federal Government’s AusIndustry Cooperative Research Centre Projects program.
  • The greenhouse utilises clear solar glass that not only lets natural sunlight through but also generates power using the unwanted UV and IR light wavelengths and converts these to power from photovoltaics at the perimeter of the IGUs used in the greenhouse glazing
  • After the end of the quarter on 12 April 2021, the Company announced that it had signed Japanese greenhouse leader Tomita Technologies as a new distributor for green housing in Japan.
  • The Company announced the launch of its new digital marketing campaign focussed on the US and European markets along with a new website to support the same (Data Source – Company Reports)

Veye’s Take

The Company continues its focus on sales and marketing activities in Australia, Northern Europe and North America. ClearVue’s electricity generating glazing technology is strategically positioned to complement and make more compelling, the increased use of energy-efficient windows now being regulated in response to global climate change and energy efficiency goals. The stock price with “Higher High “formation is trading well above the 9 day EMA. It may consolidate or face some retracement here. Protecting $0.75, its strong support, it can have the potential of moving another leg upside.

Wagners Holding Company Limited (ASX: WGN)  

TEAM VEYE | 07 May 2021 

Wagners Holding Company Limited (ASX: WGN) is a diversified Australian construction materials and services provider and an innovative producer of New Generation Building Materials. Wagners are a producer of cement, concrete, aggregates, new generation composite products and are world leaders in the development of new technology to reduce the impact of heavy construction materials on the environment. Wagners are also providers of transport services, precast concrete and reinforcing steel

(Chart source: TradingView)

Wagners Holding Company Limited (ASX: WGN) on 25 February 2021 presented its Interim financial report for the half-year ended 31 December 2020

  • Revenue was up by 26.6% to $115.8m in 1HFY21 from$129.2m in2HFY20 o Revenue was up by 33% to $115.8m in 1HFY21 from$122.8m in1HFY20
  • The increases in revenue were due to improved transport, quarry, concrete and cement sales
  • EBIT growth of 42.9% on HY20
  • EBIT margin improvement of 5.7% on HY20
  • Operating Costs have increased in line with business activity
  • Net debt reduced by $21.9m to $61.1m in HY21 compared to $83m in FY20 
  • Reported cash and cash equivalents at $14.1m in  HY21 compared to $3.4m in FY20
  • Cash flow from operations was up by $43.2m to $32.4m in  1HFY21 compared to $-10.8m in 1HFY20 
  • Significant improvement in cash flow from operations as a result of the increased EBITDA and the decreased working capital
  • EBIT of Construction material and services reported an increase of 113.2% compared to 1H FY20, 26.6% compared to 2H FY20
  • EBIT margin Construction material and services reported an increase of 4.1% from HY20
  • 15% increase in crossarm sales offset by lower activity in pedestrian infrastructure, mainly due to COVID delays
  • EBIT of New Generation Building Materials reported an increase of 69.1% compared to 1H FY20, 6.6% compared to 2H FY20
  • Group NPAT was up by $2m to $6.1m in 1HFY21 from $4.1m in 2HFY20, which was up by $6.2m on 1HFY20. (Data Source – Company Reports)

Veye’s Take

WGN expects increased demand in FY21 with the commencement of infrastructure projects. WGN expects the production capacity to double, delivering increased margins. Improved revenue growth from pedestrian infrastructure and road bridge market and with its strong focus on the USA and the Middle East contributing to the International growth together contributes a strong future outlook of the Company. The stock has taken the support at the $1.83 level and started making an upside move. The 9 day EMA positive crossover with the long term EMA (50/100/200) further confirms the upside move. It is also trading above the Ichimoku cloud on both short and long term charts.

 PPK Group Limited (ASX: PPK)

TEAM VEYE | 07 May 2021 

PPK Group Limited is an Australia-based company, which offers mining services. The Company focuses on its investments in its industrial property portfolio and property development.  

Li-S Energy completes $20 million pre-IPO capital raise.

PPK Group Limited (ASX: PPK) on 12 April 2021 announced that it continued with its strategy to expand its technology commercialisation activities and announced that Li-S Energy Limited had completed a $20 million pre-IPO capital raising, Li-S Energy Limited was one of seven joint ventures for which PPK had provided commercialisation funding and where PPK is working with Deakin University to leverage its world leading Boron Nitride Nanotube (BNNT) technology.

Craig International Ballistics receives a $1.2m Federal Government Grant.

(Chart source: TradingView)

PPK Group Limited (ASX Code: PPK) on 26 March 2021 confirmed that Craig International Ballistics Pty Ltd (CIB) had received a federal government grant of $1,203,001 for investment in acquisition, installation and commissioning of autoclave technology for ballistic protection product manufacturing.

  • PPK Group Ltd holds a 45% interest in Craig International Ballistics Pty Ltd;
  • Minister for Defence Industry Melissa Price has announced a grant of $1,203,001 to CIB as one of seven Australian businesses to receive support through the Sovereign Industrial Capability Priority grants (SICP);
  • The grant is for Investment in the acquisition, installation and commissioning of autoclave technology for ballistic protection product manufacturing.

CIB is a manufacturer of soft and hard ballistic (body armour) products primarily for the security and defence sectors

Australian businesses building sovereign defence industry.

Australian companies are continuing to grow their sovereign capability with almost $50 million provided in support from the Morrison Government.

Minister for Defence Industry Melissa Price on 24 March 2021 announced more than $7 million in support to seven Australian businesses through the Sovereign Industrial Capability Priority grants (Data Source – Company Reports)  

Veye’s Take

The funds from the Capital Raise will be used to accelerate the Lithium Sulphur battery development program and commence construction of a new facility to produce Lithium Sulphur batteries for testing and demonstration purposes. After the completion of the Capital Raise, PPK will retain 48.5% ownership of Li-S Energy Limited. PPK Group Ltd holds a 45% interest in Craig International Ballistics Pty Ltd. Minister for Defence Industry had announced a grant of $1,203,001 to CIB as one of seven Australian businesses to receive support through the Sovereign Industrial Capability Priority grants (SICP); The SICP grants enable businesses to grow and encourage them to become involved and partners in its commitment to developing a strong, sustainable and secure Australian defence industry. The formation of “Three Black soldiers “on a monthly chart had indicated a bearish move and the stock remained under pressure till March 2021. After that, it formed a “Doji” candle and strictly rejected the downside while remaining uncertain of the future move. In April 2021 it is making a “Higher High” formation on the price charts along with the indicators pointing to the upside momentum. It has also come up to 100% fib. level and can have the potential to reach 161%. It is trading above its MAs with positive RSI and MACD just crossing over. It can have the potential for a good upside.

Disclaimer

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