Equity Research Coverage Reports

Shoply Limited - (ASX: SHP) - Online Shopping - Growth through Acquisition of Businesses & Domain Names
Sunday, January 5, 2014
Shoply Limited (ASX code: SHP) transformed its business in 2013 to an online shopping company through the acquisition of three businesses - EzyDirect.com.au, Ohki.com.au and Eljo.com.au, and subsequently the acquisition of a number of domain names.
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Disruptive Investment Group Ltd (ASX: DIV) - Online & E-Commerce Focus
Wednesday, January 1, 2014
Disruptive Investment Group Limited (DVI) is focused on owning, developing, and operating disruptive businesses with an e-commerce function. The company’s immediate focus is developing its online travel brands, Check-In.com.au and CheapHotels.com.au (which were acquired from distressed sellers
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360 Capital Industrial Fund (TIX) - Initiating Coverage - Industrial Property Australia - www.360capital.com.au
Saturday, December 7, 2013
The Fund invests in a portfolio of Australian industrial properties and is managed by 360 Capital RE Limited, the Responsible Entity (RE) and wholly owned subsidiary of 360 Capital Property Group.
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KBL Mining Limited - (ASX: KBL) - Turn in Right Direction - Significant Reduction in Cash Costs For Production - Valuation Revision
Saturday, December 7, 2013
KBL’s only producing asset continues to report improved productivity, with cash costs (C1) having declined from $2.70/lb copper after gold and silver credits in the March 2013 quarter to $1.33/lb copper after gold and silver credits in the September 2013 quarter.
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US Masters Residential Property - (ASX: URF) - Rising Property Boosts Profit - Yield Lower, Significant Purchasing Capacity - Valuation Revision
Saturday, December 7, 2013
The Company still had significant cash on hand with $84M (as at 30 June). The Company had only a small amount of borrowings at US$6.4M, which at 30 June 2013 represented less than 3% of the property portfolio value. We note, the company has taken on some additional debt in 2H’13. Property expenses to rental income have declined to 56.3% from 61.3% in the previous year.
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