Despite some positive leads from global markets the S&P / ASX 200 (Index: ^AXJO) (ASX: XJO) has dropped as much as one third of a percent in afternoon trade as the big banks lose ground despite approaching their ex-dividend dates.
Several businesses inside and outside the index are soaring higher though and may have further to run.
Sealink Travel Group Ltd (ASX: SLK) has sailed 7 cents or more than 4% higher to $1.80 after announcing at its AGM that it sees a positive outlook for 2015. The ferry operator delivered an underlying net profit of $7.87 million last year and relies on passenger and network service growth to expand over time.
As the operator of the Captain Cook cruises in addition to the SeaLink ferries the business will be hoping the plummeting Australian dollar lures more international tourists, while encouraging Australians to holiday at home. The group listed in October 2013 and with an outlook for steady passenger growth it looks reasonable value on around 14x analysts' estimates for 2015's earnings per share.
XERO FPO NZ (ASX: XRO) has climbed 49 cents or 3.32% to $15.27 as it rebounds from hitting 52-week lows recently. The group's market valuation of around $1.9 billion reflects just how much potential the market sees in its cloud-based accounting software. Being in the cloud means the accounting functions are accessible anywhere, anytime from any device, while the accounting functionality is reported to be second-to-none.
XERO's slick marketing operation has been helping sales grow strongly and the company says its software has all sorts of game-changing functions. If able to win significant market share outside Australia and New Zealand on the back of a genuinely brilliant product it may be a bargain at today's prices.
Credit Corp Group Ltd (ASX: CCP) is up 23 cents or 2.37% to $9.92 after providing a positive performance update at its AGM. The debt collection agency confirmed it is tracking to net profit expectations in the region of $36-$38 million this financial year, with an improved outlook for debt ledger purchases.
The group is also attempting to expand into the lucrative but operationally complex North American market and so far has found it tough going. Based on the group's estimates for earnings per share of around 80 cents this year it trades on a forward price earnings around 12. Given earnings growth should be in the mid to high-single digits the group looks around fair value at current prices.
Amcor Limited (ASX: AMC) is a global packaging giant with a significant proportion of earnings generated offshore. This makes it another beneficiary of the falling dollar, with serious growth potential in the world's fast-growing emerging markets where it now achieves around 30% of sales.
The group's shares touched a record high of $12.18 today after it recently provided a positive update to the market over the first quarter of trading in 2015. With a 3.8% yield and big offshore growth prospects it's no surprise the stock is caught in an updraft.
