FINANCIAL NEWS

Galaxy Depends Heavily On Mt Cattlin Upgrade

Costs were higher than forecast for lithium miner Galaxy Resources in the March quarter and brokers await process enhancements, expected to improve the production profile going forward.

Apr 24 2018


You Need To Think Globally

Peter Switzer of the Switzer Super Report makes the case for Australian investors to consider investment in offshore equities.

Apr 24 2018


South32 Rally Should Resume

Michael Gable of Fairmont Equities

Apr 24 2018


Uranium Week: Nationalise Nuclear Power?

As more US nuclear power plants warn of closure in the face of cheap gas-fired power, might the government need to nationalise the industry in the name of energy security?

Apr 24 2018


Material Matters: Nickel, Alumina & Lithium

A glance through the latest expert views and predictions about commodities. Nickel; alumina; thermal coal; iron ore; lithium; and Kirkland Lake.

Apr 24 2018


Morgans rates ADH as Hold

The second half trading update showed an acceleration in sales, with like-for-like growth of 18% in the year-to-date. Guidance has been upgraded to $44-46.5m in EBIT for FY18, which Morgans notes is the third upgrade this year.

The broker is mindful the company is close to cycling a very strong comparable in FY19, amid a potential overhang from the Catalyst stake. Hold rating maintained. Target is raised to $2.30 from $2.28.

Citi rates CYB as Upgrade to Neutral from Sell

Following a noticeable weakening in the share price, down -13% year-to-date, Citi analysts believe risk is now more evenly balanced, hence why they have upgraded their view to Neutral from Sell.

Citi retains a close watch on the outlook for Net Interest Margin (NIM), expecting downward pressure, but also suggests cost savings might provide compensation. There's ongoing potential for capital return, on Citi's projections.Target price lifts to GBP3.

Macquarie rates MYR as Neutral

Macquarie is pleased a new CEO has been appointed reasonably quickly, minimising the potential for leadership disruption. Yet the broker suggests financial capacity limits the investment and turnaround possibilities.

John King, previously CEO of House of Fraser, has been appointed CEO and managing director. Date of commencement is yet to be confirmed. Neutral rating and $0.50 target maintained.

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ANALYSIS & DATA

MARKET CONSENSUS FORECAST

To display the stock analysis for a company please enter the company code:

GXY | GALAXY RESOURCES LIMITED

Abbreviated format - see the full version here


LAST PRICE CHANGE +/- CHANGE % VOLUME

$2.87

24 Apr
2018

-0.070

OPEN

$2.90

-2.38%

HIGH

$2.92

2,466,869

LOW

$2.82

TARGET
$3.520 22.6% upside
MARKET CONSENSUS FORECAST
GXY: 1
Title FY16
Actual
FY17
Actual
FY18
Forecast
FY19
Forecast
EPS (cps) 8.3 0.0 15.9 15.7
DPS (cps) 0.0 0.0 0.0 0.0
EPS Growth N/A - 99.5% 100.0% - 1.0%
DPS Growth N/A N/A N/A N/A
PE Ratio N/A N/A 18.1 18.2
Dividend Yield N/A N/A 0.0% 0.0%
Div Pay Ratio(%) 0.0% 0.0% 0.0% 0.0%

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DAILY FINANCIAL NEWS

Galaxy Depends Heavily On Mt Cattlin Upgrade

Costs were higher than forecast for lithium miner Galaxy Resources in the March quarter and brokers await process enhancements, expected to improve the production profile going forward.

Apr 24 2018 - Australia


You Need To Think Globally

Peter Switzer of the Switzer Super Report makes the case for Australian investors to consider investment in offshore equities.

Apr 24 2018 - FYI


Michael Gable of Fairmont Equities

Apr 24 2018 - Technicals


A glance through the latest expert views and predictions about commodities. Nickel; alumina; thermal coal; iron ore; lithium; and Kirkland Lake.

Apr 24 2018 - Commodities


FNArena’s Treasure Chest reports on money making ideas from stockbrokers and other experts. Macmahon Holdings has narrowed mine contracting to Australia and Indonesia and Moelis initiates coverage of the stock.

Apr 23 2018 - Treasure Chest


Link Administration has made a surprise equity raising and brokers suspect a small acquisition may be in the offing.

Apr 23 2018 - Australia


RUDI'S VIEWS

Rudi’s View: IPH, G8 Education, And NextDC

In this week's Weekly Insights (this is Part Two): –Investing In Oil Price Momentum, And Other Twists -Conviction Calls -G8…

Apr 19 2018

DAILY MARKET REPORTS

The Overnight Report: Earnings vs Yield

The US ten-year yield threatened to breach 3% last night, undermining strength in earnings results.

Apr 24 2018


Today’s Financial Calendar

Significant Scheduled Events For 24 April, 2018

Apr 24 2018


The Monday Report

Wrap of events affecting the market on Friday night and the weekend and a preview of the week ahead.

Apr 23 2018


Today’s Financial Calendar

Significant Scheduled Events For 23 April, 2018

Apr 23 2018


The Overnight Report: Rates On The Rise

The Fed’s tone may have become more hawkish but surging commodity prices are now feeding into US inflation expectations. Dow down -83.

Apr 20 2018


Today’s Financial Calendar

Significant Scheduled Events For 20 April, 2018

Apr 20 2018


The Overnight Report: Commodity Prices Surge

US sanctions continued to reverberate through metals markets last night, although a 7% gain for nickel may be a case of misunderstanding. Dow down -38.

Apr 19 2018


WEEKLY REPORTS

Uranium Week: Nationalise Nuclear Power?

As more US nuclear power plants warn of closure in the face of cheap gas-fired power, might the government need to nationalise the industry in the name of energy security?

10:20 AM

Australian Listed Real Estate Tables

FNArena provides a weekly update of Australian listed real estate trusts (REIT) and property developers, current pricing yield and valuation data.

Apr 23 2018

Weekly Ratings, Targets, Forecast Changes

Weekly update on stockbroker recommendation, target price, and earnings forecast changes.

Apr 23 2018


Weekly Top Ten News Stories

Our top ten news stories from 12 April 2018 to 19 April 2018

Apr 20 2018

Next Week At A Glance

A brief look at important company events and economic data releases next week.

Apr 20 2018

The Wrap: TV Sport, Advice, AMP & Reece

Weekly Broker Wrap: TV sport; hospitals; super advice; AMP; and Reece.

Apr 20 2018


The Short Report

FNArena’s weekly update on short positions in the Australian share market.

Apr 19 2018

Australian Corporate Bond Price Tables

FNArena provides a weekly update of Australian listed corporate bond issues, current pricing and yield data.

Apr 19 2018

Share Buybacks – Who’s Doing It?

Weekly Update on ASX-listed companies buying in their own stock.

Apr 18 2018


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THE MARKETS

    Click item/line to change chart

  • Australia

    24 April 2018   Updated : 20:12   AEDT

    SPI Overnight (Jun)

    5874.00

    +6.00

    0.10%

    All Ordinaries

    6009.40

    +33.40

    0.56%

    S&P ASX 200

    5921.60

    +35.60

    0.60%

    S&P ASX 300

    5878.80

    +34.10

    0.58%

    Consumer Discretionary

    2271.70

    +41.00

    1.84%

    Consumer Staples

    10415.30

    +134.70

    1.31%

    Energy

    10936.30

    +82.60

    0.76%

    Financials

    6135.40

    +60.20

    0.99%

    Health Care

    26738.90

    +285.20

    1.08%

    Industrials

    5736.30

    +74.60

    1.32%

    Info Technology

    1031.90

    +8.90

    0.87%

    Materials

    11798.40

    -169.90

    -1.42%

    Telecommunication

    1129.60

    +5.30

    0.47%

    Utilities

    7380.00

    +84.60

    1.16%

  • Asia

    24 April 2018   Updated : 20:12   AEDT

    NZ50

    8288.640

    -14.980

    -0.180%

    Nikkei 225

    22278.12

    +190.08

    0.86%

    Hang Seng

    30636.24

    +381.84

    1.26%

    Click item/line to change chart

  • Australasia

    24 April 2018   Updated : 20:12   AEDT

    AUD/USD

    0.7609

    -0.00

    -0.39%

    AUD/NZD

    1.0674

    +0.00

    0.23%

    NZD/USD

    0.7129

    -0.00

    -0.63%

    AUD/JPY

    82.77

    +0.08

    0.10%

    SGD/AUD

    0.99

    +0.00

    0.48%

    AUD/EUR

    0.6229

    -0.00

    -0.24%

    AUD/GBP

    0.5452

    -0.00

    -0.35%

  • World

    24 April 2018   Updated : 20:12   AEDT

    CAD/USD

    0.7790

    -0.00

    -0.35%

    EUR/JPY

    132.89

    +0.49

    0.37%

    EUR/USD

    1.2215

    -0.00

    -0.15%

    GBP/USD

    1.3956

    -0.00

    -0.06%

    USD/JPY

    108.79

    +0.55

    0.51%

    Click item/line to change chart

  • World

    24 April 2018   Updated : 20:12   AEDT

    FTSE100

    7420.45

    +21.58

    0.29%

    DAX30

    12614.94

    +42.55

    0.34%

    DJIA

    24448.69

    -14.25

    -0.06%

    S&P500

    2670.29

    +0.15

    0.01%

    Nasdaq Comp

    7128.60

    -17.52

    -0.25%

    S&P500 VIX

    15.72

    -1.16

    -6.87%

    US 10-year yield

    2.973

    +0.022

    0.750%

    USD Index

    90.93

    +0.61

    0.68%

  • Aus Stocks

    24 April 2018   Updated : 20:12   AEDT

    BHP (UK)

    1556.80

    +20.20

    1.31%

    Rio (UK)

    3967.00

    +18.50

    0.47%

    BHP (US)

    47.25

    -0.45

    -0.94%

    Rio (US)

    55.52

    -1.08

    -1.91%

    ResMed (US)

    97.94

    -0.86

    -0.87%

    South32 (UK)

    197.80

    -4.20

    -2.08%

    James Hardie (US)

    18.18

    -0.10

    -0.55%

    Telstra (US)

    11.73

    -0.04

    -0.34%

    Westpac (US)

    21.99

    +0.06

    0.27%

    Click item/line to change chart

  • Spot Metals & Minerals

    24 April 2018   Updated : 08:37   AEDT

    Gold (oz)

    1324.20

    -11.00

    -0.82%

    Silver (oz)

    16.57

    -0.51

    -2.99%

    Copper (lb)

    3.1352

    -0.02

    -0.48%

    Aluminium (lb)

    1.0325

    -0.08

    -7.11%

    Lead (lb)

    1.0574

    -0.02

    -1.52%

    Nickel (lb)

    6.4380

    -0.19

    -2.89%

    Zinc (lb)

    1.4654

    +0.01

    0.76%

    Copper (t)

    6912.00

    -34.00

    -0.49%

    Aluminium (t)

    2276.00

    -174.00

    -7.10%

    Lead (t)

    2331.00

    -36.00

    -1.52%

    Nickel (t)

    14193.00

    -422.00

    -2.89%

    Zinc (t)

    3231.00

    +24.00

    0.75%

    Iron Ore (t)

    67.55

    +0.70

    1.05%

    Uranium (lb) weekly

    20.75

    +0.25

    1.22%

  • Energy Futures

    24 April 2018   Updated : 07:40   AEDT

    West Texas Crude (Jun)

    68.38

    +0.28

    0.41%

    Brent Crude (Jun)

    75.01

    +1.32

    1.79%

    Henry Hub NatGas (May)

    2.74

    0.00

    0.00%

CALENDAR

Wednesday, 25 April 2018
NZ markets closed
AU markets closed
Thursday, 26 April 2018
EZ ECB policy meeting
US durable goods orders, Mar
US trade balance, Mar
BOQ ex-div 38c
BXB quarterly report
GOZ quarterly report
GPT quarterly report
NCM quarterly production report
OGC quarterly production report
SXY quarterly production report

ALL WEATHER STOCKS

Code Company Price
AMC AMCOR LIMITED

$14.01

ARB ARB CORPORATION LIMITED

$20.12

CSL CSL LIMITED

$161.75

REA REA GROUP LIMITED

$79.43

RMD RESMED INC

$12.80

WEEKLY PDF

Stories To Read From FNArena


WEEK 16

WEEK 15

WEEK 14

WEEK 13

WEEK 12

FNARENA TALKS

FNARENA WINDOWS

Window on NEW BATTERY ELEMENTS

Galaxy Depends Heavily On Mt Cattlin Upgrade

Costs were higher than forecast for lithium miner Galaxy Resources in the March quarter and brokers await process enhancements, expected to improve the production profile going forward.

Apr 24 2018


Window on MINING

South32 Rally Should Resume

Michael Gable of Fairmont Equities

Apr 24 2018


Window on URANIUM

Uranium Week: Nationalise Nuclear Power?

As more US nuclear power plants warn of closure in the face of cheap gas-fired power, might the government need to nationalise the industry in the name of energy security?

Apr 24 2018


SMSFUNDAMENTALS

SMSFundamentals: ETF Investment Enters The Mainstream

A recent survey suggests investment in Australian exchange traded funds continues to grow a-pace and a wider range of investors is now turning to ETF investment.

Mar 22 2018


FEATURE STORIES

Rudi’s Comprehensive Feb 2018 Review

A comprehensive assessment of the February 2018 reporting season that overwhelmingly surprised in a positive sense, but was unfortunately overshadowed by macro concerns.

Mar 28 2018