The S&P / All Ordinaries Index (Index: ^AORD) (ASX: XAO) has dropped 0.7% in mid-afternoon trading, dragged down by large cap stocks including the iron ore miners and several companies going ex-dividend.
But there are several companies that are thrashing the market today. Here’s our view on four of those companies…
Brierty Limited (ASX: BYL) has gained 7.6% to 63.5 cents, after the construction and engineering company announced the payment of an 8 cent fully franked special dividend. The company will undertake a placement for $8.25 million as a means of paying for the special dividend, which frees up surplus franking credits, without harming the strong cash balance. Brierty is one stock you might want to add to your watchlist.
Medusa Mining Limited (ASX: MML) jumped 6.8% to $1.10, after providing an operations update yesterday. Investors were obviously pleased with the news. Gold production is expected to be above 20,000 ounces in the September quarter, and the company says it “expects to start adding to its cash balance” at current production levels. We’re not keen on gold miners, mainly due to their dependence on the gold price, over which management have no control.
Yowie Group Ltd (ASX: YOW) rose 5% to 60 cents, after yesterday’s fall. Shares are still down 15% over the past week, but that may only be temporary. The chocolate confectionery company says it is in talks with two US Tier 1 national retailers (one is Walmart) to sell its products and “purchase orders are imminent”.
Intueri Education Group Ltd (ASX: IQE) shares are up 4.6% at $2.93, and more than 24% since listing in May this year. Intueri provides private training tuition and recently reaffirmed its forecasts laid out in its prospectus. In late August, the company says it was pleased with the progress and expects strong momentum going into the second half.
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Motley Fool writer/analyst Mike King doesn't own shares in any companies mentioned. You can follow Mike on Twitter @TMFKinga
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