FINANCIAL NEWS
Treasure Chest: Silk Logistics
FNArena’s Treasure Chest reports on money making ideas from stockbrokers and other experts. Today’s idea is Silk Logistics
12:42 PM
The Short Report – 28 Sep 2023
FNArena’s weekly update on short positions in the Australian share market
11:01 AM
Australian Banks: Choppy And Messy
The Chartist assesses the technicals for ANZ Bank, as emblematic of why Australian banks should be avoided
10:33 AM
Dr Boreham’s Crucible: Argenica Therapeutics
Argenica Therapeutics is aiming for a substantial slice of the stroke market, expected to be worth some US$180bn a year by 2030
10:00 AM
The Overnight Report: Bottom Identified?
The S&P500 came close to its 200-day moving average last night on another steep fall, then bounced, closing flat. (Available for non-subscribers after 10am)
8:52 AM
Bell Potter rates BOE as Speculative Hold
Boss Energy will restart production in December at its Honeymoon project and Bell Potter notes an increased interest in nuclear energy and uranium means a premium may be warranted for re-starting projects with proven track records in stable jurisdictions.
The broker updates valuation to account for this, raising the target to $5.53 from $3.90. A Speculative Hold rating is maintained.
UBS rates STO as Buy
Freshly returned from an Alaskan site tour organised by Santos, UBS analysts report they are incrementally positive on the depth of experience and the capability of the team on the ground.
The broker is equally positive on the State Government support for the Pikka oil development on the North Slope in Alaska, also adding some 47% of Alaska's 2022 State revenue comes from oil & gas royalties.
There are technical risks associated with the project and UBS believes Santos is still looking to sell -15% of equity in the project, estimated to generate circa US$250m in proceeds.
Estimates have been updated for the PNG LNG sell-down. Valuation/target $8.80 (was $8.70). Buy. The broker points out the current share price implies oil priced at US$65/bbl only.
Macquarie rates STX as Outperform
Gas from Walyering has been successfully delivered to the Pamelia pipeline, the first commercial gas production for Strike Energy. Macquarie expects confirmation of the commissioning phase will be well received by the market, given the delays.
While a comparatively small project, the broker notes the economics are robust with low capital and operating expenditure requirements.
Proving up the reserve base at South Erregulla is now the next catalyst with a strong uplift in 2P volumes being the key, the broker adds. Outperform retained. Target is $0.59.
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ANALYSIS & DATA
FNARENA'S MARKET CONSENSUS FORECASTS
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ANZ | ANZ GROUP HOLDINGS LIMITED
Abbreviated format - see the full version here
| LAST PRICE | CHANGE +/- | CHANGE % | VOLUME |
|---|---|---|---|
|
$25.20 27 Sep |
OPEN $25.03 |
HIGH $25.36 |
5,690,255 LOW $25.01 |
0.110| TARGET | |||
| $26.772 6.2% upside | |||
| Franking for last dividend paid out: 100% |
| Title | FY21 Actual |
FY22 Actual |
FY23 Forecast |
FY24 Forecast |
|---|---|---|---|---|
| EPS (cps) | xxx | 250.0 | 238.4 | xxx |
| DPS (cps) | xxx | 145.4 | 162.8 | xxx |
| EPS Growth | xxx | 16.1% | - 4.7% | xxx |
| DPS Growth | xxx | 3.2% | 12.0% | xxx |
| PE Ratio | xxx | N/A | 10.7 | xxx |
| Dividend Yield | xxx | N/A | 6.4% | xxx |
| Div Pay Ratio(%) | xxx | 58.2% | 68.3% | xxx |
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DAILY FINANCIAL NEWS
Treasure Chest: Silk Logistics
FNArena’s Treasure Chest reports on money making ideas from stockbrokers and other experts. Today’s idea is Silk Logistics
12:42 PM - Treasure Chest
The Chartist assesses the technicals for ANZ Bank, as emblematic of why Australian banks should be avoided
10:33 AM - Technicals
Argenica Therapeutics is aiming for a substantial slice of the stroke market, expected to be worth some US$180bn a year by 2030
10:00 AM - Small Caps
A glance through the latest expert views and predictions about commodities. Oil prices set to reverse; EV demand to drive lithium rebound; demand for uranium to exceed supply
Sep 27 2023 - Commodities
ASX-listed ESG targets, board expectations of rising decarbonisation capex, the top 10 sustainability topics, AI opportunities, plus lots more!
Sep 27 2023 - ESG Focus
A glance through the latest expert views and predictions about commodities. Lithium price upside; higher for longer aluminium; commodity prices and inflation; oil’s ongoing deficit
Sep 26 2023 - Commodities
PR NEWSWIRE
FlexRule’s Decision-Centric Approach® methodology empowers organizations to make quality decisions, fast
2:32 PM - PR NewsWire
Cicada Innovations appoints Dr Katherine Woodthorpe as Chair, progressing diversity in STEM and deep tech
2:00 PM - PR NewsWire
Forrester Announces Full Conference Agenda For Technology & Innovation APAC 2023
12:09 PM - PR NewsWire
America Ferrera To Speak in Keynote Conversation at Blackbaud’s bbcon 2023 Tech Conference
9:00 AM - PR NewsWire
MONZIT, THE NEW ON-CALL LAUNDRY APP LAUNCHES IN AUSTRALIA
8:00 AM - PR NewsWire
NordLocker survey reveals: 50% of respondents face cyberattacks yearly — employers blame employees
8:00 AM - PR NewsWire
RUDI'S VIEWS
Rudi’s View: Looking For Answers
In this week's Weekly Insights: -Looking For Answers-Best Ideas & Conviction Calls-FNArena Talks By Rudi Filapek-Vandyck, Editor Looking For Answers…
Sep 27 2023
DAILY MARKET REPORTS
The Overnight Report: Bottom Identified?
The S&P500 came close to its 200-day moving average last night on another steep fall, then bounced, closing flat. (Available for non-subscribers after 10am)
8:52 AM
ASX Winners And Losers Of Today – 27-09-23
The table inside ranks the 20 biggest percentage winners and losers among stocks in the ASX300 at the end of each trading day
Sep 27 2023
Australian Broker Call *Extra* Edition – Sep 27, 2023
Extra Edition of the Broker Call Report
Sep 27 2023
The Overnight Report: Headwinds A-Blowin’
Rising oil prices and rising yields; shutdown; strike; student loan repayments — nothing’s looking bright for Wall Street at present. S&P down -1.5%. (Available for non-subscribers after 10am)
Sep 27 2023
Today’s Financial Calendar – 27-09-2023
Significant Scheduled Events For 27 September, 2023
Sep 27 2023
ASX Winners And Losers Of Today – 26-09-23
The table inside ranks the 20 biggest percentage winners and losers among stocks in the ASX300 at the end of each trading day
Sep 26 2023
WEEKLY REPORTS
The Short Report – 28 Sep 2023
FNArena’s weekly update on short positions in the Australian share market
11:01 AM
Uranium Week: The Only Way Is Up
The spot uranium price continued its surge last week as the SPUT has sellers backing off
Sep 26 2023
Australian Listed Real Estate Tables – 25-09-2023
FNArena provides a weekly update of Australian listed real estate trusts (REIT) and property developers, current pricing yield and valuation data
Sep 25 2023
Weekly Ratings, Targets, Forecast Changes – 22-09-23
Weekly update on stockbroker recommendation, target price, and earnings forecast changes
Sep 25 2023
Weekly Top Ten News Stories – 22 September 2023
Our top ten news stories from 14 September 2023 to 21 September 2023
Sep 22 2023
Next Week At A Glance – 25-29 Sep 2023
A brief look at important company events and economic data releases next week
Sep 22 2023
In Case You Missed It – BC Extra Upgrades & Downgrades – 22-09-23
A summary of the highlights from Broker Call Extra updates throughout the week past
Sep 22 2023
In Brief: Iron Ore; Banks; Migration; AI
Weekly Broker Wrap: Iron ore facing challenges; the resilient mortgage market; surging migration; AI creating multi-earners
Sep 22 2023
The Short Report – 21 Sep 2023
FNArena’s weekly update on short positions in the Australian share market
Sep 21 2023
THE MARKETS
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CALENDAR
Thursday, 28 September 2023
| NZ | NAB business confidence, Sep |
| AU | retail sales, Aug |
| US | GDP, Q2 (revision) |
| US | pending home sales, Aug |
| BGL | earnings report |
| BKW | earnings report |
| CYG | ex-div 3.5c (100%) |
| IMU | EGM |
| LKE | trading update |
| PMV | earnings report |
| SOL | earnings report |
Friday, 29 September 2023
| NZ | consumer confidence, Sep |
ALL WEATHER STOCKS
| Code | Company | Price |
|---|---|---|
| CAR | CARSALES.COM LIMITED |
|
| COL | COLES GROUP LIMITED |
|
| CSL | CSL LIMITED |
$252.04 |
| REA | REA GROUP LIMITED |
|
| TNE | TECHNOLOGY ONE LIMITED |
|
$27.80
WEEKLY PDF
Stories To Read From FNArena
WEEK 36
WEEK 35
WEEK 34
WEEK 33
WEEK 32
FNARENA TALKS
FNARENA WINDOWS
Window on TRANSPORTATION & LOGISTICS
Treasure Chest: Silk Logistics
FNArena’s Treasure Chest reports on money making ideas from stockbrokers and other experts. Today’s idea is Silk Logistics
12:42 PM
Window on BANKS
Australian Banks: Choppy And Messy
The Chartist assesses the technicals for ANZ Bank, as emblematic of why Australian banks should be avoided
10:33 AM
Window on PHARMACEUTICALS & BIOTECH/LIFESCIENCES
Dr Boreham’s Crucible: Argenica Therapeutics
Argenica Therapeutics is aiming for a substantial slice of the stroke market, expected to be worth some US$180bn a year by 2030
10:00 AM
SMSFUNDAMENTALS
SMSFundamentals: ETFs Killing It In Tough Times
ETF markets hit new records globally and domestically in the June half, as investors, pressured by rising interest rates, flocked to low fees, hedged exposures, rate exposures and outperforming equity ETFs. Re-published to correct market share in BetaShare report
Jul 24 2023
