FINANCIAL NEWS

What Next For the BP/Woolworths Fuel Deal?

The ACCC has opposed BP’s proposed acquisition of the Woolworths petrol business. Brokers suggest a capital return for Woolworths is now less likely and Caltex is less likely to lose -$150m in earnings.

Dec 15 2017


Weekly Top Ten News Stories

Our top ten news stories from 07 December 2017 to 14 December 2017

Dec 15 2017


Next Week At A Glance

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

Dec 15 2017


Your Editor’s Online Seminar: Growth And Disruption

Replay of FNArena Editor Rudi Filapek-Vandyck’s online seminar titled “Investing in a Slow Growing World” is now available.

Dec 15 2017


The Wrap: Banks, Advisors, Retailers & Media

Weekly Broker Wrap: Australian banks; advisor platforms; high conviction stocks; Australian retailers; media; Pro-Pac Packaging; and Think Childcare.

Dec 15 2017


Macquarie rates BHP as Outperform

Macquarie's energy analysts have upgraded near-term oil prices to reflect a tighter market in 2018.

While the impact on BHP's earnings outlook is modest, the broker upgrades forecasts for earnings per share by 2% and 4% in FY18 and FY19 respectively.

Outperform retained. Target is raised to $32.40 from $32.00.

Citi rates CTX as Buy

The ACCC's knock-back of the BP-Woolworths ((WOW)) deal is beneficial for Caltex, the broker notes, as the existing contract will continue until BP-WOW can get over the line, or not. Divestments, an appeal, a restart of the process or a simple walk-away are all possibilities.

Caltex has already offset some of the assumed loss through cost-outs and acquisitions and the broker believes the market is underestimating Caltex' capacity to further offset or, as of now, perhaps retain the contract. Buy and $37.66 target retained.

UBS rates WOW as Buy

The ACCC will oppose BP's acquisition of the Woolworths service stations on the basis it will probably substantially lessen competition in the retail supply of fuel. UBS had not incorporated the fuel sale, given the deal was pending regulatory approval.

Hence, the broker suspects the news will drive modest consensus upgrades given some had included the divestment in forecasts.

The broker believes Woolworths has the option to either challenge the decision, seek alternative buyers or retain the fuel business, with the latter the most likely outcome.

Buy retained. Target is $28.90.

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ANALYSIS & DATA

MARKET CONSENSUS FORECAST

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

SIQ | SMARTGROUP CORPORATION LTD

Abbreviated format - see the full version here


LAST PRICECHANGE +/-CHANGE %VOLUME

$10.87

16 Dec
2017

0.120

OPEN

$10.81

1.12%

HIGH

$10.87

220,606

LOW

$10.58

TARGET
$9.80 -9.8% downside
Franking for last dividend paid out: 100%
MARKET CONSENSUS FORECAST
SIQ: 1
TitleFY15
Actual
FY16
Actual
FY17
Forecast
FY18
Forecast
EPS (cps) 19.9 29.8 46.9 55.7
DPS (cps) 16.6 24.8 33.7 39.1
EPS Growth 100.0% 49.9% 57.4% 18.9%
DPS Growth 18.6% 49.4% 35.7% 16.1%
PE RatioN/AN/A 23.2 19.5
Dividend YieldN/AN/A 3.1% 3.6%
Div Pay Ratio(%) 83.5% 83.2% 71.8% 70.1%

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DAILY FINANCIAL NEWS

What Next For the BP/Woolworths Fuel Deal?

The ACCC has opposed BP’s proposed acquisition of the Woolworths petrol business. Brokers suggest a capital return for Woolworths is now less likely and Caltex is less likely to lose -$150m in earnings.

Dec 15 2017 - Australia


A glance through the latest expert views and predictions about commodities. Silver; gold; copper & nickel; 2018 outlook; and miners.

Dec 14 2017 - Commodities


The Chartist reports any signs of a meaningful rally for gold are absent as price action continues to suggest the downside.

Dec 14 2017 - Technicals


ANZ Bank has sold its life insurance operations to Zurich Financial. Most brokers consider the price reasonable and speculate about the use of the proceeds.

Dec 13 2017 - Australia


Genex Power is positioned to benefit from changes occurring in the National Electricity Market. Canaccord Genuity initiates coverage with a speculative Buy rating.

Dec 13 2017 - Small Caps


I’m A Believer

Peter Switzer of the Switzer Super Report outlines why he sees no reason 2018 can’t be another good year for stocks.

Dec 13 2017 - FYI


RUDI'S VIEWS

Rudi’s View: Aristocrat, Newcrest And Carsales

In this week's Weekly Insights (this is part two): -This Is It Folks! -Make Risk Your Friend: Don't Ignore The…

Nov 30 2017

DAILY MARKET REPORTS

The Overnight Report: No Breakthrough On Tax Yet

One Republican’s opposition to the proposed tax bill suggests the process may not be a rubber stamp affair. Dow down -76.

Dec 15 2017


Today’s Financial Calendar

Significant Scheduled Events For 15 December, 2017

Dec 15 2017


The Overnight Report: The Dove Flies Away

The Fed statement was not as hawkish as feared as Janet Yellen gave her farewell press conference. Dow up 80.

Dec 14 2017


Today’s Financial Calendar

Significant Scheduled Events For 14 December, 2017

Dec 14 2017


The Overnight Report: How Many Hikes?

Following another strong PPI number, Wall Street is impatient to learn what the Fed has planned for 2018. Dow up 118.

Dec 13 2017


Today’s Financial Calendar

Significant Scheduled Events For 13 December, 2017

Dec 13 2017


The Overnight Report: Crypto Crazy

Wall Street was open last night, not that you’d know, given all attention was on the launch of bitcoin futures. Dow up 56.

Dec 12 2017


WEEKLY REPORTS

Weekly Top Ten News Stories

Our top ten news stories from 07 December 2017 to 14 December 2017

Dec 15 2017

Next Week At A Glance

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

Dec 15 2017

The Wrap: Banks, Advisors, Retailers & Media

Weekly Broker Wrap: Australian banks; advisor platforms; high conviction stocks; Australian retailers; media; Pro-Pac Packaging; and Think Childcare.

Dec 15 2017


Australian Corporate Bond Price Tables

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

Dec 14 2017

The Short Report

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

Dec 14 2017

Share Buybacks – Who’s Doing It?

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

Dec 13 2017


Uranium Week: More Production Cuts

Last week’s production cut announcement from Kazakhstan sparked further volatility in the uranium market for a further price gain.

Dec 12 2017

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.

Dec 11 2017

Weekly Ratings, Targets, Forecast Changes

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

Dec 11 2017


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THE MARKETS

    Click item/line to change chart

  • Australia

    16 December 2017   Updated : 17:42   AEDT

    SPI Overnight (Dec)

    6037.00

    +29.00

    0.48%

    All Ordinaries

    6087.10

    -9.30

    -0.15%

    S&P ASX 200

    5997.00

    -14.30

    -0.24%

    S&P ASX 300

    5952.30

    -12.90

    -0.22%

    Consumer Discretionary

    2309.70

    +6.40

    0.28%

    Consumer Staples

    10210.40

    +34.70

    0.34%

    Energy

    10518.60

    -37.00

    -0.35%

    Financials

    6492.00

    -40.90

    -0.63%

    Health Care

    24404.00

    -53.80

    -0.22%

    Industrials

    6002.20

    +55.60

    0.93%

    Info Technology

    998.10

    +6.00

    0.60%

    Materials

    10945.60

    -11.90

    -0.11%

    Telecommunication

    1324.10

    +5.00

    0.38%

    Utilities

    8423.80

    -46.40

    -0.55%

  • Asia

    16 December 2017   Updated : 17:42   AEDT

    NZ50

    8360.860

    +37.110

    0.450%

    Nikkei 225

    22553.22

    -141.23

    -0.62%

    Hang Seng

    28848.11

    -318.27

    -1.09%

    Click item/line to change chart

  • Australasia

    16 December 2017   Updated : 17:42   AEDT

    AUD/USD

    0.7650

    -0.00

    -0.39%

    AUD/NZD

    1.0940

    +0.00

    0.09%

    NZD/USD

    0.6990

    -0.00

    -0.57%

    AUD/JPY

    86.07

    -0.13

    -0.15%

    SGD/AUD

    0.97

    +0.00

    0.31%

    AUD/EUR

    0.6510

    -0.00

    -0.15%

    AUD/GBP

    0.5740

    +0.00

    0.35%

  • World

    16 December 2017   Updated : 17:42   AEDT

    CAD/USD

    0.7770

    -0.01

    -0.89%

    EUR/JPY

    132.28

    +0.03

    0.02%

    EUR/USD

    1.1750

    -0.00

    -0.34%

    GBP/USD

    1.3320

    -0.01

    -0.89%

    USD/JPY

    112.59

    +0.38

    0.34%

    Click item/line to change chart

  • World

    16 December 2017   Updated : 17:42   AEDT

    FTSE100

    7490.57

    +42.45

    0.57%

    DAX30

    13103.56

    +35.48

    0.27%

    DJIA

    24651.74

    +143.08

    0.58%

    S&P500

    2675.81

    +23.80

    0.90%

    Nasdaq Comp

    6936.58

    +80.06

    1.17%

    S&P500 VIX

    9.42

    -1.07

    -10.20%

    US 10-year yield

    2.355

    +0.009

    0.380%

    USD Index

    93.94

    +0.43

    0.46%

  • Aus Stocks

    16 December 2017   Updated : 17:42   AEDT

    BHP (UK)

    1402.94

    +14.94

    1.08%

    Rio (UK)

    3624.50

    +62.50

    1.75%

    BHP (US)

    43.08

    +0.74

    1.75%

    Rio (US)

    49.12

    +1.06

    2.21%

    ResMed (US)

    85.29

    +1.36

    1.62%

    South32 (UK)

    185.74

    +1.24

    0.67%

    James Hardie (US)

    16.95

    -0.15

    -0.88%

    Telstra (US)

    14.11

    +0.04

    0.28%

    Westpac (US)

    23.99

    -0.03

    -0.12%

    Click item/line to change chart

  • Spot Metals & Minerals

    16 December 2017   Updated : 08:33   AEDT

    Gold (oz)

    1255.60

    +1.20

    0.10%

    Silver (oz)

    16.05

    +0.15

    0.94%

    Copper (lb)

    3.1035

    +0.04

    1.39%

    Aluminium (lb)

    0.9278

    +0.01

    0.78%

    Lead (lb)

    1.1455

    +0.02

    1.67%

    Nickel (lb)

    5.2293

    +0.18

    3.58%

    Zinc (lb)

    1.4521

    +0.01

    0.53%

    Copper (t)

    6842.00

    +94.00

    1.39%

    Aluminium (t)

    2045.00

    +16.00

    0.79%

    Lead (t)

    2525.00

    +41.00

    1.65%

    Nickel (t)

    11529.00

    +398.00

    3.58%

    Zinc (t)

    3201.00

    +17.00

    0.53%

    Iron Ore (t)

    70.10

    0.00

    0.00%

    Uranium (lb) weekly

    25.00

    +1.75

    7.53%

  • Energy Futures

    16 December 2017   Updated : 08:33   AEDT

    West Texas Crude (Dec)

    57.33

    +0.27

    0.47%

    Brent Crude (Feb)

    63.23

    -0.11

    -0.17%

    Henry Hub NatGas (Jan)

    2.62

    -0.06

    -2.24%

CALENDAR

Monday, 18 December 2017
NZbusiness confidence, Dec
JPtrade balance, Nov
EZCPI, Nov
UShousing sentiment index, Dec
GDFex-div 2.25c
Tuesday, 19 December 2017
AUminutes of RBA meeting
EZGermany IFO business sentiment, Dec
UShousing starts, Nov
ANZAGM
WBAAGM
Wednesday, 20 December 2017
NZtrade balance, Nov

ALL WEATHER STOCKS

CodeCompanyPrice
AMCAMCOR LIMITED

$15.23

ARBARB CORPORATION LIMITED

$18.75

CSLCSL LIMITED

$140.03

IVCINVOCARE LIMITED

$16.22

RHCRAMSAY HEALTH CARE LIMITED

$68.97

WEEKLY PDF

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FNARENA TALKS

FNARENA WINDOWS

Window on CONSUMER PRODUCTS & SERVICES

What Next For the BP/Woolworths Fuel Deal?

The ACCC has opposed BP’s proposed acquisition of the Woolworths petrol business. Brokers suggest a capital return for Woolworths is now less likely and Caltex is less likely to lose -$150m in earnings.

Dec 15 2017


Window on MINING

Material Matters: Silver, 2018 View & Miners

A glance through the latest expert views and predictions about commodities. Silver; gold; copper & nickel; 2018 outlook; and miners.

Dec 14 2017


Window on PRECIOUS METALS

Gold Price Action Remains Weak

The Chartist reports any signs of a meaningful rally for gold are absent as price action continues to suggest the downside.

Dec 14 2017


FEATURE STORIES

Australian Banks: Could Have Been Worse

A Royal Commission is a clear negative for Australian banks but “lesser of the evils” positives dull the impact and bank valuations have already been de-rated.

Dec 14 2017