FINANCIAL NEWS

Crafting Opportunities One Chug At A Time

The New Criterion’s Tim Boreham advises investors to look beyond mainstream beer and towards a craft beer market offering higher margins

11:57 AM


Bank Outperformance Ends, But Fear Not

Banks no longer offer deep value, but despite headwinds brokers expect the sector to benefit from a broader economic recovery

11:32 AM


ASX200: Broken Free

Michael Gable of Fairmont Equities suggests that while a pullback towards 6800 is not unreasonable, the ASX200 is in an upward trend

10:56 AM


Uranium Week: Cameco Plans Mine Restart

As the uranium price rise of recent weeks takes a breather, Cameco plans to restart production at the Cigar Lake mine

10:28 AM


Magellan Becalmed

Soft flows continue to weigh on Magellan Financial Group and there is limited scope for a re-rating over the near term

10:00 AM


Morgan Stanley rates 3PL as Overweight

3P Learning intends to merge with Blake eLearning. Morgan Stanley sees a sound basis for the transaction in terms of scale, product mix, customer mix and the potential for meaningful revenue and cost synergies.

The broker also sees scope for greater long-term relevance of 3P Learning stock for investors

On the flip side, the broker notes Blake seems to be cycling a period of accelerated covid sign-up. While acknowledging higher churn and a flatter near-term growth profile to be a logical outcome, Morgan Stanley does not have a clear view on Blake's margin profile.

The broker maintains its Overweight rating with the target price rising to $1.60 from $1.50. Industry view: In-line.

Macquarie rates BSL as Outperform

Macquarie upgrades earnings estimates in the second half to $919.4m. The broker reviews its investment thesis, finding favourable market dynamics are offering demand and pricing support.

A consolidating global steel industry, high utilisation and strong demand have combined to underpin a rally in steel prices.

While acknowledging the risks associated with the rollover of steel prices/spreads, the broker envisages strong earnings momentum can continue. Outperform retained. Target is raised to $23.50 from $21.65.

Morgans rates WEB as Hold

Due to dilutionary impacts, Morgans is surprised the company has raised capital for the third time since covid-19 began. However, the broker continues to see the stock as fair valued and retains the Hold rating and $4.92 price target.

The company has raised $250m through convertible notes to pay down term debt, fund the cash payment associated with the previous notes conversion and for general corporate purposes and growth.

The analyst explains benefits from the new notes include reducing refinancing risk, a lowering of the liquidity covenant, further strengthening of the balance sheet by around $169m and a lowering of the interest rate (reduces interest expense by -$2.2m). 

Click here to see full report

ANALYSIS & DATA

MARKET CONSENSUS FORECAST

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

RIO | RIO TINTO LIMITED

Abbreviated format - see the full version here


LAST PRICE CHANGE +/- CHANGE % VOLUME

$114.88

12 Apr
2021

-0.620

OPEN

$114.87

-0.54%

HIGH

$116.34

895,475

LOW

$114.50

TARGET
$124.214 8.1% upside
Franking for last dividend paid out: 100%
MARKET CONSENSUS FORECAST
RIO: 1
Title FY21
Forecast
FY22
Forecast
EPS (cps) 1606.9 xxx
DPS (cps) 1182.7 xxx
EPS Growth N/A xxx
DPS Growth N/A xxx
PE Ratio 7.1 xxx
Dividend Yield 10.4% xxx
Div Pay Ratio(%) 73.6% xxx
This company reports in USD. All estimates have been converted into AUD by FNArena at present FX values.

RUDI ON TWITTER

FIND US ON
Facebooktwitter

DAILY FINANCIAL NEWS

Bank Outperformance Ends, But Fear Not

Banks no longer offer deep value, but despite headwinds brokers expect the sector to benefit from a broader economic recovery

11:32 AM - Australia


Michael Gable of Fairmont Equities suggests that while a pullback towards 6800 is not unreasonable, the ASX200 is in an upward trend

10:56 AM - Technicals


Soft flows continue to weigh on Magellan Financial Group and there is limited scope for a re-rating over the near term

10:00 AM - Australia


A glance through the latest expert views and predictions about commodities

Apr 12 2021 - Commodities


In a further move to diversify its earnings streams, EML Payments is expanding into open banking

Apr 12 2021 - Australia


SPONSORED: Latin Resources has announced the majority of the test-work results from the Noombenberry Halloysite-Kaolin Project have now been received

Apr 09 2021 - FYI


RUDI'S VIEWS

Rudi’s View: Telstra, CSL, Xero & Charter Hall

In today's update: -The Iron Ore Riddle Solved-Not Giving Up On Technology-Morgans: Be Active, Take Advantage-The Dividend Disconnect-Canaccord's Model Portfolios-FNArena…

Apr 09 2021

DAILY MARKET REPORTS

The Overnight Report: Awaiting Earnings

Having reached new highs, Wall Street appears now to be on hold for the kick-off of earnings season tomorrow night. Dow down -55. (Available for non-subscribers after 10am)

9:07 AM


Today’s Financial Calendar – 13-04-2021

Significant Scheduled Events For 13 April, 2021

8:15 AM


Australian Broker Call *Extra* Edition – Apr 12, 2021

Extra Edition of the Broker Call Report

Apr 12 2021


The Monday Report – 12 April 2021

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

Apr 12 2021


Today’s Financial Calendar – 12-04-2021

Significant Scheduled Events For 12 April, 2021

Apr 12 2021


The Overnight Report: Keep On Running

Wall Street was back in rally mode last night, led by Big Tech. Dow up 57. (Available for non-subscribers after 10am)

Apr 09 2021


Today’s Financial Calendar – 09-04-2021

Significant Scheduled Events For 09 April, 2021

Apr 09 2021


WEEKLY REPORTS

Crafting Opportunities One Chug At A Time

The New Criterion’s Tim Boreham advises investors to look beyond mainstream beer and towards a craft beer market offering higher margins

11:57 AM

Uranium Week: Cameco Plans Mine Restart

As the uranium price rise of recent weeks takes a breather, Cameco plans to restart production at the Cigar Lake mine

10:28 AM

Australian Listed Real Estate Tables – 12-04-2021

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

Apr 12 2021


Weekly Ratings, Targets, Forecast Changes – 09-04-21

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

Apr 12 2021

Weekly Top Ten News Stories – 9 April 2021

Our top ten news stories from 01 April 2021 to 08 April 2021

Apr 09 2021

Next Week At A Glance – 12-16 Apr 2021

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

Apr 09 2021


The Wrap: Strong Housing, Ag Prospects, Trans-Tasman Travel

Weekly Broker Wrap: Housing rebound; travel bubble; listed property; Woolworths gains, ag investments

Apr 09 2021

The Short Report – 08 Apr 2021

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

Apr 08 2021

Uranium Week: Uranium Price Rise Forecast

As the uranium prices continue to rally, Morgan Stanley expects inventories to diminish and prices to trend higher

Apr 07 2021


RUDI ON TWITTER

FIND US ON
Facebooktwitter

THE MARKETS

    Click item/line to change chart

  • Australia

    13 April 2021   Updated : 14:12   AEDT

    SPI Overnight (Jun)

    6964.00

    +15.00

    0.22%

    All Ordinaries

    7231.10

    +5.90

    0.08%

    S&P ASX 200

    6975.50

    +1.50

    0.02%

    S&P ASX 300

    6966.70

    +2.90

    0.04%

    Consumer Discretionary

    3245.20

    +13.20

    0.41%

    Consumer Staples

    12581.60

    +36.30

    0.29%

    Energy

    8322.70

    -27.40

    -0.33%

    Financials

    6196.40

    +4.70

    0.08%

    Health Care

    41091.20

    -43.40

    -0.11%

    Industrials

    6001.10

    -31.90

    -0.53%

    Info Technology

    2195.80

    +50.30

    2.34%

    Materials

    16270.60

    -57.90

    -0.35%

    Telecommunication

    1404.80

    -8.60

    -0.61%

    Utilities

    6205.60

    -74.90

    -1.19%

  • Asia

    13 April 2021   Updated : 14:12   AEDT

    NZ50

    9214.870

    -42.310

    -0.460%

    Nikkei 225

    29858.60

    +319.87

    1.08%

    Hang Seng

    28727.53

    +274.25

    0.96%

    Click item/line to change chart

  • Australasia

    13 April 2021   Updated : 14:12   AEDT

    AUD/USD

    0.7600

    0.00

    -0.41%

    AUD/NZD

    1.0842

    +0.00

    0.06%

    NZD/USD

    0.7009

    0.00

    -0.48%

    AUD/JPY

    83.40

    -0.02

    -0.02%

    SGD/AUD

    0.98

    +0.00

    0.24%

    AUD/EUR

    0.6393

    0.00

    -0.27%

    AUD/GBP

    0.5535

    0.00

    -0.31%

    AUDCAD

    0.9560

    0.00

    -0.13%

  • World

    13 April 2021   Updated : 14:12   AEDT

    CAD/USD

    0.7950

    0.00

    -0.26%

    EUR/JPY

    130.44

    +0.29

    0.23%

    EUR/USD

    1.1889

    0.00

    -0.13%

    GBP/USD

    1.3731

    0.00

    -0.09%

    USD/JPY

    109.72

    +0.40

    0.37%

    Click item/line to change chart

  • World

    13 April 2021   Updated : 14:12   AEDT

    FTSE100

    6889.12

    -26.63

    -0.39%

    DAX30

    15215.00

    -19.16

    -0.13%

    DJIA

    33745.40

    -55.20

    -0.16%

    S&P500

    4127.99

    -0.81

    -0.02%

    Nasdaq Comp

    13850.00

    -50.19

    -0.36%

    S&P500 VIX

    16.91

    +0.22

    1.32%

    US 10-year yield

    1.675

    +0.009

    0.540%

    USD Index

    92.09

    -0.07

    -0.08%

  • Aus Stocks

    13 April 2021   Updated : 14:12   AEDT

    BHP (UK)

    2118.00

    -32.00

    -1.49%

    Rio (UK)

    5645.00

    -18.00

    -0.32%

    BHP (US)

    70.02

    -0.71

    -1.00%

    Rio (US)

    78.95

    -0.38

    -0.48%

    ResMed (US)

    201.74

    +2.60

    1.31%

    South32 (UK)

    159.00

    -1.60

    -1.00%

    James Hardie (US)

    31.97

    -0.87

    -2.65%

    Telstra (US)

    13.25

    +0.22

    1.69%

    Janus Henderson (US)

    32.59

    +0.20

    0.62%

    Westpac (US)

    19.36

    +0.08

    0.41%

    Newcrest (CA)

    24.57

    0.00

    0.00%

    Click item/line to change chart

  • Spot Metals & Minerals

    13 April 2021   Updated : 07:40   AEDT

    Gold (oz)

    1732.70

    -11.50

    -0.66%

    Silver (oz)

    24.78

    -0.47

    -1.86%

    Copper (lb)

    4.0352

    -0.03

    -0.63%

    Aluminium (lb)

    1.0182

    0.00

    -0.21%

    Lead (lb)

    0.8829

    0.00

    -0.21%

    Nickel (lb)

    7.3152

    -0.23

    -3.07%

    Zinc (lb)

    1.2428

    -0.03

    -2.47%

    Copper (t)

    8896.00

    -56.00

    -0.63%

    Aluminium (t)

    2245.00

    -5.00

    -0.22%

    Lead (t)

    1946.00

    -4.00

    -0.21%

    Nickel (t)

    16127.00

    -510.00

    -3.07%

    Zinc (t)

    2740.00

    -69.00

    -2.46%

    Uranium (lb) weekly

    30.25

    -0.85

    -2.73%

  • Commodities Futures

    13 April 2021   Updated : 07:40   AEDT

    West Texas Crude

    59.70

    +0.38

    0.64%

    Brent Crude

    63.20

    +0.25

    0.40%

    Iron Ore (t)

    173.00

    +0.65

    0.38%

CALENDAR

Tuesday, 13 April 2021
AU NAB business confidence, Mar
CH trade balance, Mar
US CPI, Mar
Wednesday, 14 April 2021
NZ RBNZ policy meeting
AU dwelling commencements, Q4
AU Westpac consumer confidence, Apr
EZ industrial production, Feb
US Fed Beige Book
CIM AGM
HPI AGM
Thursday, 15 April 2021
AU unemployment, Mar

ALL WEATHER STOCKS

Code Company Price
COL COLES GROUP LIMITED

$15.76

CSL CSL LIMITED

$264.56

REA REA GROUP LIMITED

$152.96

RMD RESMED INC

$26.52

TNE TECHNOLOGYONE LIMITED

$9.73

WEEKLY PDF

Stories To Read From FNArena


WEEK 15

WEEK 14

WEEK 13

WEEK 12

WEEK 11

FNARENA TALKS

FNARENA WINDOWS

Window on FOOD, BEVERAGES & TOBACCO

Crafting Opportunities One Chug At A Time

The New Criterion’s Tim Boreham advises investors to look beyond mainstream beer and towards a craft beer market offering higher margins

11:57 AM


Window on BANKS

Bank Outperformance Ends, But Fear Not

Banks no longer offer deep value, but despite headwinds brokers expect the sector to benefit from a broader economic recovery

11:32 AM


Window on URANIUM

Uranium Week: Cameco Plans Mine Restart

As the uranium price rise of recent weeks takes a breather, Cameco plans to restart production at the Cigar Lake mine

10:28 AM


FEATURE STORIES

Why All This Fuss Over Bond Yields?

This article is a 101 lesson in what a government bond is, and why suddenly stock markets have been running away in fear of them

Mar 31 2021