Check-up: Takeover bid puts workplace health solutions provider Konekt on top
Health & Biotech
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A takeover bid has put health solutions provider Konekt (ASX:KKT) as the unlikely leader of small cap ASX health and biotech businesses in the past fortnight.
As Stockhead‘s Dr Data Nick Sundich wrote about last week, Konekt has received a $52 million takeover offer from disability employment services giant, Advanced Personnel Management (APM). The company’s market cap prior to the bid was around $28 million; shares have risen 84 per cent since the announcement.
APM boss Michael Anghie noted the two companies were complementary and declared the takeover would enhance the services the firms offered their clients.
The offer is expected to occur in mid-December with a vote early that month. This follows a poor 2018 for the company which left its share price stagnant for most of 2019.
There was little rhyme or reason to the best performers over the past two weeks, although if you like investing in stocks that start with the letters I, M and M you’d be pretty happy: both cancer fighter Immutep (ASX:IMM) and diarrhoea drug maker Immuron (ASX:IMC) enjoyed gains of more than 20 per cent.
On the medtech side ResApp (ASX:RAP) continued its healthy run on the back of a heap of regulatory approvals for its coughing app that helps diagnose respiratory diseases, gaining 35 per cent, topped off by news it is joining a German startup accelerator.
There were no significant falls in the sector in the past fortnight, which is reflected in its performance: ASX healthcare stocks are up 8.42 per cent in the past month, making it comfortably the best-performing on the ASX.
However, Actinogen (ASX:ACW) shed 31 per cent of the value it gained when we last checked in, after results showed its Alzheimer’s drug might work after all.
Here are all the ASX small cap health and biotech stocks and their performance in the past fortnight:
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| Code | Name | Price (3pm Thursday) | % Return (2 Weeks) | % Return (1 Year) | Market cap |
|---|---|---|---|---|---|
| KKT | KONEKT LTD | 0.49 | 84 | 69 | $ 51,571,084.00 |
| ADR | ADHERIUM LTD | 0.046 | 52 | -49 | $ 7,135,311.50 |
| PYC | PHYLOGICA LTD | 0.064 | 38 | 100 | $ 151,457,120.00 |
| RAP | RESAPP HEALTH LTD | 0.35 | 35 | 26 | $ 233,245,600.00 |
| ALT | ANALYTICA LTD | 0.004 | 33 | -27 | $ 14,078,449.00 |
| TDL | TBG DIAGNOSTICS LTD | 0.04 | 33 | -17 | $ 8,703,492.00 |
| OSL | ONCOSIL MEDICAL LTD | 0.083 | 25 | -55 | $ 51,087,412.00 |
| IMC | IMMURON LTD | 0.125 | 24 | -55 | $ 22,981,518.00 |
| IMM | IMMUTEP LTD | 0.028 | 22 | -33 | $ 116,313,672.00 |
| ANP | ANTISENSE THERAPEUTICS LTD | 0.096 | 21 | 72 | $ 39,073,636.00 |
| NEU | NEUREN PHARMACEUTICALS LTD | 2.55 | 20 | 104 | $ 247,608,048.00 |
| AVE | AVECHO BIOTECHNOLOGY LTD | 0.006 | 20 | -71 | $ 9,464,745.00 |
| SIL | SMILES INCLUSIVE LTD | 0.055 | 20 | -94 | $ 4,697,116.50 |
| 1ST | 1ST GROUP LTD | 0.072 | 17 | 139 | $ 26,298,574.00 |
| MEM | MEMPHASYS LTD | 0.08 | 17 | 495 | $ 50,862,848.00 |
| OCC | ORTHOCELL LTD | 0.47 | 17 | 100 | $ 74,254,128.00 |
| RHT | RESONANCE HEALTH LTD | 0.145 | 17 | 536 | $ 59,798,752.00 |
| FTT | FACTOR THERAPEUTICS LTD | 0.003 | 17 | -95 | $ 3,649,924.75 |
| ICS | ICSGLOBAL LTD | 1.45 | 16 | 36 | $ 14,817,627.00 |
| CMP | COMPUMEDICS LTD | 0.67 | 14 | 68 | $ 117,813,360.00 |
| SDX | SIENNA CANCER DIAGNOSTICS LT | 0.049 | 13 | -48 | $ 13,007,483.00 |
| PNV | POLYNOVO LTD | 2.55 | 12 | 347 | $ 1,639,498,368.00 |
| NC6 | NANOLLOSE LTD | 0.078 | 11 | -22 | $ 5,849,999.50 |
| NHL | NOVITA HEALTHCARE LTD | 0.01 | 11 | -68 | $ 6,493,052.00 |
| MDR | MEDADVISOR LTD | 0.052 | 11 | 37 | $ 89,365,592.00 |
| RGS | REGENEUS LTD | 0.076 | 10 | -58 | $ 20,397,420.00 |
| HCT | HOLISTA COLLTECH LTD | 0.069 | 10 | -10 | $ 16,148,697.00 |
| MEB | MEDIBIO LTD | 0.013 | 8 | -74 | $ 12,936,691.00 |
| HLA | HEALTHIA LTD | 0.94 | 7 | -20 | $ 59,252,576.00 |
| VTI | VISIONEERING TECH-CDI | 0.08 | 7 | -61 | $ 29,935,136.00 |
| IVX | INVION LTD | 0.015 | 7 | -40 | $ 82,509,096.00 |
| PBP | PROBIOTEC LTD | 2 | 7 | 38 | $ 130,737,160.00 |
| NTI | NEUROTECH INTERNATIONAL LTD | 0.015 | 7 | -81 | $ 2,171,902.00 |
| ELX | ELLEX MEDICAL LASERS LTD | 0.57 | 6 | -14 | $ 82,570,656.00 |
| OBJ | OBJ LTD | 0.016 | 6 | -15 | $ 30,760,864.00 |
| ONE | ONEVIEW HEALTHCARE PLC-CDI | 0.295 | 5 | -79 | $ 51,001,512.00 |
| EXL | ELIXINOL GLOBAL LTD | 2.23 | 5 | 9 | $ 289,577,632.00 |
| CYC | CYCLOPHARM LTD | 1.26 | 5 | 23 | $ 86,812,576.00 |
| SDI | SDI LTD | 0.85 | 5 | 55 | $ 101,035,704.00 |
| TLX | TELIX PHARMACEUTICALS LTD | 1.53 | 5 | 99 | $ 396,383,200.00 |
| MDC | MEDLAB CLINICAL LTD | 0.44 | 5 | 6 | $ 96,914,104.00 |
| BOT | BOTANIX PHARMACEUTICALS LTD | 0.24 | 4 | 182 | $ 236,303,584.00 |
| RAC | RACE ONCOLOGY LTD | 0.135 | 4 | 23 | $ 14,734,562.00 |
| AZV | AZURE HEALTHCARE LTD | 0.081 | 4 | -10 | $ 18,849,738.00 |
| ATX | AMPLIA THERAPEUTICS LTD | 0.083 | 4 | -72 | $ 4,413,158.50 |
| PGC | PARAGON CARE LTD | 0.41 | 4 | -40 | $ 140,222,400.00 |
| CDX | CARDIEX LTD | 0.029 | 4 | -12 | $ 20,169,564.00 |
| MX1 | MICRO-X LTD | 0.315 | 3 | -5 | $ 51,981,412.00 |
| JHL | JAYEX HEALTHCARE LTD | 0.032 | 3 | 10 | $ 5,523,617.00 |
| M7T | MACH7 TECHNOLOGIES LTD | 0.67 | 3 | 262 | $ 100,703,952.00 |
| PXS | PHARMAXIS LTD | 0.195 | 3 | -31 | $ 78,934,440.00 |
| PSQ | PACIFIC SMILES GROUP LTD | 1.62 | 3 | 13 | $ 246,229,296.00 |
| ONT | 1300 SMILES LTD | 6.4 | 2 | 8 | $ 151,541,664.00 |
| OIL | OPTISCAN IMAGING LTD | 0.045 | 2 | -25 | $ 21,158,046.00 |
| CGS | COGSTATE LTD | 0.3 | 2 | -45 | $ 44,626,000.00 |
| PIQ | PROTEOMICS INTERNATIONAL LAB | 0.34 | 1 | 51 | $ 27,471,230.00 |
| IHL | IMPRESSION HEALTHCARE LTD | 0.083 | 1 | 493 | $ 52,564,924.00 |
| BXN | BIOXYNE LTD | 0.019 | 0 | -40 | $ 11,522,617.00 |
| LBT | LBT INNOVATIONS LTD | 0.115 | 0 | 10 | $ 25,887,376.00 |
| ADO | ANTEO DIAGNOSTICS LTD | 0.013 | 0 | 13 | $ 19,425,996.00 |
| UBI | UNIVERSAL BIOSENSORS INC-CDI | 0.19 | 0 | -16 | $ 33,696,340.00 |
| LCT | LIVING CELL TECHNOLOGIES LTD | 0.022 | 0 | -41 | $ 11,428,820.00 |
| BPH | BPH ENERGY LTD | 0.002 | 0 | 167 | $ 5,980,555.50 |
| CAJ | CAPITOL HEALTH LTD | 0.235 | 0 | -7 | $ 176,731,872.00 |
| ACR | ACRUX LTD | 0.18 | 0 | -16 | $ 30,011,888.00 |
| IMU | IMUGENE LTD | 0.021 | 0 | 5 | $ 79,416,648.00 |
| RHY | RHYTHM BIOSCIENCES LTD | 0.165 | 0 | 27 | $ 16,623,750.00 |
| OSP | OSPREY MEDICAL INC-CDI | 0.05 | 0 | -78 | $ 21,158,072.00 |
| PAL | PALLA PHARMA LTD | 0.95 | 0 | -34 | $ 81,085,592.00 |
| AHX | APIAM ANIMAL HEALTH LTD | 0.47 | 0 | -18 | $ 52,610,784.00 |
| DVL | DORSAVI LTD | 0.042 | 0 | -49 | $ 8,568,705.00 |
| DXB | DIMERIX LTD | 0.105 | 0 | 14 | $ 16,673,941.00 |
| GSS | GENETIC SIGNATURES LTD | 1.185 | -1 | 73 | $ 111,343,600.00 |
| JHC | JAPARA HEALTHCARE LTD | 1.1825 | -2 | 3 | $ 315,351,840.00 |
| PTX | PRESCIENT THERAPEUTICS LTD | 0.055 | -2 | -24 | $ 21,290,074.00 |
| NVL | NATIONAL VETERINARY CARE LTD | 2.35 | -2 | 9 | $ 157,453,216.00 |
| BD1 | BARD1 LIFE SCIENCES LTD | 0.048 | -2 | 265 | $ 62,890,512.00 |
| MVP | MEDICAL DEVELOPMENTS INTERNA | 4.95 | -2 | 1 | $ 318,851,328.00 |
| VLS | VITA LIFE SCIENCES LTD | 0.625 | -2 | -24 | $ 34,773,284.00 |
| GLH | GLOBAL HEALTH LTD | 0.155 | -3 | -13 | $ 5,514,869.50 |
| IDT | IDT AUSTRALIA LTD | 0.17 | -3 | 6 | $ 40,282,036.00 |
| BWX | BWX LTD | 3.805 | -3 | 15 | $ 480,847,072.00 |
| OVN | OVENTUS MEDICAL LTD | 0.785 | -3 | 157 | $ 97,897,288.00 |
| MVF | MONASH IVF GROUP LTD | 0.99 | -3 | 13 | $ 240,501,600.00 |
| AVH | AVITA MEDICAL LTD | 0.5825 | -3 | 414 | $ 1,058,179,904.00 |
| GTG | GENETIC TECHNOLOGIES LTD | 0.005 | -4 | -60 | $ 13,784,104.00 |
| BNO | BIONOMICS LTD | 0.1175 | -4 | -34 | $ 62,638,876.00 |
| AMT | ALLEGRA ORTHOPAEDICS LTD | 0.11 | -4 | -35 | $ 10,951,496.00 |
| ANR | ANATARA LIFESCIENCES LTD | 0.22 | -4 | -50 | $ 10,870,912.00 |
| CYP | CYNATA THERAPEUTICS LTD | 1.48 | -4 | 23 | $ 153,224,224.00 |
| PAB | PATRYS LTD | 0.021 | -5 | -38 | $ 22,524,396.00 |
| VHT | VOLPARA HEALTH TECHNOLOGIES | 1.625 | -5 | 28 | $ 341,267,808.00 |
| SOM | SOMNOMED LTD | 2.45 | -5 | 43 | $ 155,754,336.00 |
| KZA | KAZIA THERAPEUTICS LTD | 0.5 | -5 | 20 | $ 32,015,836.00 |
| PAR | PARADIGM BIOPHARMACEUTICALS | 2.83 | -6 | 267 | $ 536,697,088.00 |
| SCU | STEMCELL UNITED LTD | 0.014 | -7 | -36 | $ 8,982,517.00 |
| 1AD | ADALTA LTD | 0.13 | -7 | -52 | $ 21,359,260.00 |
| RNO | RHINOMED LTD | 0.27 | -7 | -14 | $ 42,301,504.00 |
| CAN | CANN GROUP LTD | 1.445 | -7 | -47 | $ 202,876,656.00 |
| PCK | PAINCHEK LTD | 0.3125 | -7 | 508 | $ 293,029,152.00 |
| S66 | STAR COMBO PHARMA LTD | 0.49 | -8 | -34 | $ 42,402,936.00 |
| THC | THC GLOBAL GROUP LTD | 0.39 | -8 | -34 | $ 55,235,608.00 |
| UCM | USCOM LTD | 0.11 | -8 | -31 | $ 15,667,992.00 |
| MMJ | MMJ GROUP HOLDINGS LTD | 0.225 | -8 | -33 | $ 49,660,376.00 |
| NOX | NOXOPHARM LTD | 0.375 | -9 | -35 | $ 46,901,624.00 |
| LSH | LIFESPOT HEALTH LTD | 0.05 | -9 | -35 | $ 3,878,434.00 |
| OPT | OPTHEA LTD | 3.32 | -10 | 425 | $ 808,436,160.00 |
| NSB | NEUROSCIENTIFIC BIOPHARMACEU | 0.23 | -10 | 53 | $ 18,007,524.00 |
| ESE | ESENSE-LAB LTD-CDI | 0.017 | -11 | -74 | $ 3,231,307.50 |
| NXS | NEXT SCIENCE LTD | 2.82 | -11 | $ 482,096,448.00 | |
| CTE | CRYOSITE LTD | 0.044 | -12 | -31 | $ 2,061,820.75 |
| BLT | BENITEC BIOPHARMA LTD | 0.05 | -12 | -71 | $ 15,651,471.00 |
| CDY | CELLMID LTD | 0.2 | -13 | -45 | $ 17,139,942.00 |
| AGH | ALTHEA GROUP HOLDINGS LTD | 0.66 | -13 | 18 | $ 148,018,496.00 |
| PAA | PHARMAUST LTD | 0.125 | -13 | 192 | $ 39,235,904.00 |
| CP1 | CANNPAL ANIMAL THERAPEUTICS | 0.14 | -13 | -16 | $ 12,106,250.00 |
| IPD | IMPEDIMED LTD | 0.16 | -14 | -66 | $ 78,624,824.00 |
| SUD | SUDA PHARMACEUTICALS LTD | 0.003 | -14 | -37 | $ 10,669,115.00 |
| FFC | FARMAFORCE LTD | 0.12 | -14 | 20 | $ 15,452,518.00 |
| BIT | BIOTRON LTD | 0.073 | -14 | -71 | $ 42,915,412.00 |
| ALC | ALCIDION GROUP LTD | 0.23 | -15 | 447 | $ 211,663,104.00 |
| MXC | MGC PHARMACEUTICALS LTD | 0.035 | -15 | -57 | $ 46,468,172.00 |
| ATH | ALTERITY THERAPEUTICS LTD | 0.029 | -15 | -42 | $ 24,326,386.00 |
| VBS | VECTUS BIOSYSTEMS LTD | 0.72 | -15 | 3 | $ 16,908,478.00 |
| IBX | IMAGION BIOSYSTEMS LTD | 0.037 | -20 | -12 | $ 12,112,667.00 |
| RSH | RESPIRI LTD | 0.065 | -20 | -32 | $ 36,327,400.00 |
| SVA | SIMAVITA LTD-CDI | 0.009 | -20 | -74 | $ 3,342,225.00 |
| ZLD | ZELDA THERAPEUTICS LTD | 0.068 | -20 | -7 | $ 50,083,568.00 |
| AC8 | AUSCANN GROUP HOLDINGS LTD | 0.275 | -21 | -70 | $ 85,602,784.00 |
| RCE | RECCE PHARMACEUTICALS LTD | 0.25 | -21 | 68 | $ 27,853,778.00 |
| CPH | CRESO PHARMA LTD | 0.29 | -25 | -49 | $ 43,190,136.00 |
| EHH | EAGLE HEALTH HOLDINGS LTD | 0.14 | -28 | -43 | $ 42,879,200.00 |
| ACW | ACTINOGEN MEDICAL LTD | 0.037 | -31 | -24 | $ 39,173,096.00 |
| GMV | G MEDICAL INNOVATION HOLDING | 0.081 | -33 | -79 | $ 32,696,880.00 |
| SKN | SKIN ELEMENTS LTD | 0.013 | -35 | -78 | $ 2,112,029.75 |
| OSX | OSTEOPORE LTD | 0.83 | -15 | 310 | $83,000,000.00 |
