MENU

Why these 3 stocks are soaring at 52-week highs

The ASX is expected to climb today after a Wall Street rebound in the US overnight, with the S&P/ASX 200 sitting at 5743 points at the time of writing.

But these three stocks have been kicking share price goals regardless of overall index downturns in the past week, sitting up at 52-week highs today.

Senex Energy Ltd (ASX: SXY)

Shares in oil and gas company Senex Energy Ltd have been flying upwards in the last 12-months, hitting a 52-week high today at 43c per share.

Senex is focused on developing energy sources in Australia’s Copper Basin, Eromanga and Surat Basins with land holdings in coal seam gas acreage in the LNG feedstock area of the Surat Basin.

With a market capitalisation of $615 million, Senex is an emerging oil and gas player, with half-year results released in February reporting solid production and cost control from its base oil business and a strategic focus on the east coast gas market, with first gas to be delivered to customers out of its Project Atlas by 2019.

Investors have likely been impressed by Senex’s continued focus on low operating costs and solid production from its Cooper Basin oil portfolio, with plans to ramp up Surat Basin gas volumes throughout the 2018 calendar year likely to weigh in on FY18 results.

Senex appears to have a solid growth strategy with on-track production guidelines and is one to watch for investors looking for a more speculative resource stock.

Summerset Group Holdings Ltd (ASX: SNZ)

Shares in New Zealand-based integrated retirement village, rest home and hospital company Summerset Group Holdings Ltd have rocketed up in price over the last 12-months to hit a 52-week high of $6.47, up from $4.22 at this time last year.

Summerset has 21 retirement villages across New Zealand with plans for further such developments in Lower Hutt, Parnell, Rototuna and St Johns.

Financial results for the year ended December 31, 2017, reported an NPAT of NZ$223.4 million for Summerset, up 54% on the FY16, with 450 new retirement units delivered over the period and a final dividend of NZ7.1c per share.

It’s hard not to love any company that has a stronghold in the burgeoning aged care services market, and Summerset is certainly asserting itself as a serious player in the space, with 20 years in the industry under its belt and a reputation for well-run retirement villages that are popular with customers.

Summerset is one to watch as it appears to be going from strength-to-strength.

Propertylink Group (ASX: PLG)

Shares in real estate group Propertylink Group held steady at $1.03 today – a 52-week high for the stock.

Propertylink Group owns a diversified portfolio of industrial and logistics properties and an investment and asset management business, with strong first-half results reported in February showing solid growth in net tangible assets of 12% to 97.5c per security and a robust balance sheet with gearing of 30.6%.

Propertylink appeared to capitalise well on its financial position over the first half, with investors likely confident on the basis of the company’s proven ability to source capital and investment opportunities while maintaining a disciplined approach to asset acquisition.

Propertylink has made some divestments in the past 6 months but is focused on strategies to leverage emerging market trends of urbanisation and e-commerce into the second half and beyond.

The Richest Man Alive Invests in This

The richest man in the world has just launched a $100 million investment fund and investors who don't take note could miss out on a massive opportunity.

And it isn't by sheer luck. He did it by looking to the future and investing in the big ideas of tomorrow.

This could be your chance to get in on the ground floor!

Click here to discover more!

Motley Fool contributor Carin Pickworth has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

Two New Stock Picks Every Month!

Not to alarm you, but you’re about to miss a very important event! Chief Investment Advisor Scott Phillips and his team at Motley Fool Share Advisor are about to reveal their latest official stock recommendation. The premium “buy alert” will be unveiled to members and you can be among the first to act on the tip.

Don’t let this opportunity pass you by – this is your chance to get in early!

Simply enter your email now to find out how you can get instant access.

By clicking this button, you agree to our Terms of Service and Privacy Policy. We will use your email address only to keep you informed about updates to our website and about other products and services we think might interest you. You can unsubscribe from Take Stock at anytime. Please refer to our Financial Services Guide (FSG) for more information.