NSX Wrap: A new IPO in January, while the resident zircon producer cools off
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Ever wondered what takes place on the NSX (ASX:NSX) — Australia’s secondary stock exchange — in a given month?
Stockhead has put together a January wrap, and activity was fairly quiet across the ~50 stocks that trade.
Starting with a summary of price movements, we counted four stocks on the index with a monthly gain, while four lost ground.
The other 40-odd were flat for the month on low volumes (or didn’t trade at all).
Here’s a summary of the January price action:
|Code||Company||Sector||Price 1-Jan||Price 31-Jan||% change|
|DWY||Dawney & Co Ltd||Financials||0.18||0.195||8%|
|AB9||Aobo Environmental Technology||Utilities||0.45||0.47||4%|
|SUG||Sugar Terminals Limited||Industrials||1.015||1.025||1%|
|218||Rofina Group Limited||Consumer Disc||0.17||0.17||0%|
|8EP||E-Plus Ltd||Consumer Disc||0.11||0.11||0%|
|A2H||Anti-Aging House Holding Limited||Consumer Staples||0.21||0.21||0%|
|AAT||Australian Adventure Tourism Group||Consumer Disc||0.05||0.05||0%|
|AC1||Air Change International Limited||Industrials||0.08||0.08||0%|
|ACT||Actcelerate International Group||Financials||0.125||0.125||0%|
|AG1||Australia Sunny Glass Group Limited||Industrials||0.37||0.37||0%|
|AID||Australia & International Holdings||Financials||3.15||3.15||0%|
|AR2||Arris Holdings Berhad||Financials||0.12||0.12||0%|
|ASS||Asset Resolution Limited||Financials||4.81||4.81||0%|
|BTG||Beroni Group||Health Care||1.25||1.25||0%|
|CSH||Canterbury Surrey Hills Finance||Financials||0.95||0.95||0%|
|DCE||Manningham Community Enterprises||Financials||0.55||0.55||0%|
|E72||East 72 Holdings Limited||Financials||0.3||0.3||0%|
|EGF||East Gosford & Districts Financia||Financials||0.26||0.26||0%|
|EIC||Heidelberg District Community||Financials||0.35||0.35||0%|
|ESC||Endless Solar Corporation Limited||Industrials||0.07||0.07||0%|
|FCF||Fremantle Community Financial||Financials||0.5||0.5||0%|
|FMI||Florin Mining Investment Company||Financials||0.13||0.13||0%|
|HBA||Heritage Brands Limited||Consumer Staples||0.031||0.031||0%|
|IGH||i-Global Holdings Limited||Industrials||0.25||0.25||0%|
|IIC||Illuminator Investment Company||Financials||0.31||0.31||0%|
|IM1||I M Quarries Limited||Materials||0.3||0.3||0%|
|IQG||The IQ Group Global Ltd||Health Care||0.16||0.16||0%|
|KEM||Kemao Industries Limited||Materials||0.615||0.615||0%|
|KGI||Kaizen Global Investments Limited||Financials||1.14||1.14||0%|
|KTE||K2 Energy Limited||IT||0.045||0.045||0%|
|LCB||Logan Community Financial Services||Financials||0.6||0.6||0%|
|MIE||Mie Pay Limited||IT||0.1||0.1||0%|
|PEQ||Pritchard Equity Limited||Financials||0.36||0.36||0%|
|PMI||Pegmont Mines Limited||Materials||0.05||0.05||0%|
|SAL||Smart Auto Australia Limited||Consumer Disc||0.11||0.11||0%|
|SSC||Sunshine Coast Community Financial||Financials||0.8||0.8||0%|
|TG8||Saramanis Limited||Consumer Staples||0.18||0.18||0%|
|VTL||VGI Health Technology Limited||Health Care||0.25||0.25||0%|
|WPH||Winpar Holdings Ltd||Financials||0.89||0.89||0%|
|OLX||OliveX Holdings Limited||Consumer Disc||1.95||1.9||-3%|
|BCT||Bendigo Telco Ltd||Telecommunications||1||0.9||-10%|
|PYX||PYX Resources Limited||Materials||1.625||1.39||-14%|
While it was a quiet start to the year, the NSX did welcome a new entrant with the debut of GoConnect (NSX:GO8).
According to the NSX’s website, GoConnect listed just over a billion shares priced at 0.7c each, giving it a market cap of $7.129m.
GoConnect is a media communications platform that operates music websites and an online music TV channel.
Its annual report for the 2021 financial year showed the company booked operating revenues of $287,000.
A foreign exchange gain of $108,000 helped it register a net profit of $132,797.
The company had a net liability position of $2.822m, largely due to loans payable of more than $2.5m, including ~$1.5m payable within the next 12 months.
It closed out FY21 with around $88,000 in the bank. For the full 2021 financial year, it booked operating cash flows of $7,348.
After listing on January 5, GoConnect got off to a steady start before a transaction on January 31 which saw it lead the NSX market for monthly gains to begin the year.
On that day, 2,276,500 GO9 shares traded hands at 1c, resulting in a monthly post-IPO gain of 42.86%.
The buyer was listed as OpenMarkets, while the seller was Finclear Execution Ltd.
At the other end of the NSX spectrum, PYX Resources Limited (NSX:PYX) led the laggards with a monthly decline of 14%.
While PYX cooled off a bit in January, it was one of the best performers on the NSX in 2021.
By the broader liquidity standards on the NSX, PYX Resources is one of the more frequently traded stocks.
PYX is a zircon producer which operates two deposits, Mandiri and Tisma, in the Central Kalimantan region of Indonesia.
The company has been in production since 2015, and its half-year results to June 2021 showed it booked revenues of US$4.6m, with rising sales volumes and positive market conditions that saw zircon prices climb from US$355 to US$1,750/t.
In a company presentation, PYX said it’s the world’s second largest producing mineral sands company based on zircon resources, with a “well-diversified portfolio of international blue-chip customers across key geographies and industrial sectors, with a major focus on China”.