MENU

Why these 3 ASX shares are in trading halts

The market may be pushing higher again on Thursday, but not all shares are in a position to benefit from the bullish sentiment.

Three shares that are currently missing out because they are in trading halts are listed below. Here’s why they are halted:

Beadell Resources Ltd (ASX: BDR)

This gold miner’s shares were placed in a trading halt this morning pending an announcement to the market in relation to a capital raising. No other details were provided by the company, but this one appears to have caught shareholders by surprise. Especially given that Beadell raised $51 million at 29 cents per share just over a year ago, recently announced approval for a senior secured credit facility of up to US$60 million with Sprott Private Resource Lending, and has a share price hovering just above a 52-week low. Shareholders will no doubt be hoping that this one adds value this time.

Volpara Health Technologies Ltd (ASX: VHT)

This morning this fast-growing breast imaging analytics and analysis product provider requested a trading halt whilst it prepared an announcement regarding a capital raising. The capital raising will consist of an institutional placement and a share purchase plan. Its shares are expected to remain offline until Monday April 30. There is speculation floating around investment circles that Volpara aims to raise $18 million at 60 cents per share. Considering Volpara ended the first half with a cash balance of just NZ$1.3 million, this capital raising shouldn’t come as too much of a surprise.

Wattle Health Australia Ltd (ASX: WHA)

This fledgling infant formula and baby food company’s shares have been suspended from quotation at the request of management for almost three weeks now. Incredibly, this looks likely to remain the case for at least another two weeks. Last week Wattle Health requested until May 7 to finalise the joint venture arrangements with Organic Dairy Farmers of Australia and Niche Dairy, and a potential capital raise. That joint venture arrangement will form the Corio Bay Dairy Group, which will have the capacity to be able to process up to 200,000 litres of fresh organic milk per day. I suspect the company is aiming to diversify its operations after the sales of its infant formula products in the first half of FY 2018 were tepid at best.

While those shares are suspended, I think investors should look at these top growth shares that are trading and have been flying higher recently.

Top 3 ASX Blue Chips To Buy In 2018

For many, blue chip stocks mean stability, profitability and regular dividends, often fully franked..

But knowing which blue chips to buy, and when, can be fraught with danger.

The Motley Fool’s in-house analyst team has poured over thousands of hours worth of proprietary research to bring you the names of "The Motley Fool’s Top 3 Blue Chip Stocks for 2018."

Each one pays a fully franked dividend. Each one has not only grown its profits, but has also grown its dividend. One increased it by a whopping 33%, while another trades on a grossed up (fully franked) dividend yield of almost 7%.

The names of these Top 3 ASX Blue Chips are included in this specially prepared free report. But you will have to hurry. Depending on demand – and how quickly the share prices of these companies moves – we may be forced to remove this report.

Click here to claim your free report.

Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia owns shares of VOLPARA FPO NZ. 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.

The 5 mining stocks we’re recommending in 2019…

For decades, Australian mining companies have minted money for individual investors like you and me. But if you believe the pundits and talking heads on TV, those days are long gone. Finito! Behind us forever…

We say nothing could be further from the truth. To earn the really massive returns, you’ve got to fish where others aren’t fishing—and the mining sector could be primed for a resurgence. That’s why top Motley Fool analysts just revealed their exciting new research on 5 ASX miners they believe could help you profit in 2019 and beyond…

Including:

The best way we see to play the global zinc shortage… Our #1 favourite large-cap miner (hint: it’s not BHP)… one early-stage gold miner we think could hit the motherlode… Plus two more surprising companies you probably haven’t heard of yet!

For free access to our brand-new research, simply click here or the link below. But be warned, this research is available free for a limited time only, and we reserve the right to withdraw it at any time.

Click here for your FREE report!