FINANCIAL NEWS
FNArena Corporate Results Monitor
FNArena’s Monitor keeps track of corporate earnings result releases, including broker views, ratings and target price changes and beat/miss assessments.
May 17 2019
Rudi’s View: Link Admin, Clinuvel Pharma & Altium
In this week's Weekly Insights (this is Part Two): -All About Dividends –Royal Commission: Ongoing Impact -Quote Of The Week…
May 17 2019
Next Week At A Glance
A brief look at important company events and economic data releases next week.
May 17 2019
The Wrap: Economy; Wealth, IMF And Imaging
Weekly Broker Wrap: consumer tax lift; RBA and Oz economy; wealth platforms; infant milk formula; diagnostic imaging; and supermarkets.
May 17 2019
Deutsche Bank rates ALL as Buy
Deutsche Bank believes the upcoming interim result will reveal that the extraordinary success of the land-based gaming business is being reinvested in the Americas and digital divisions. Nevertheless, the broker expects the result to surprise to the upside.
Recent survey and peer results revealed the North American gaming market is firm and Aristocrat Leisure is continuing to gain share in class III and class II as well as hold share in the more competitive outright sales segment. Buy rating and $39.30 target.
Citi rates GXY as Buy
Galaxy Resources has made a strategic equity investment of $22.5m in Alliance Mineral ((A40)). This takes its holding to 12%. Alliance Mineral is currently ramping up the Bald Hill lithium project in Western Australia and has guided to production of 240,000t of spodumene concentrate in FY20.
Citi believes Galaxy Resources is looking at options to maintain and grow its exposure, as Sal de Vida and James Bay are still a few years away from meaningful production. Buy rating and $2.70 target maintained.
Credit Suisse rates SUN as Neutral
Credit Suisse expects the increased natural hazards allowance and reinsurance cover for FY20 will reduce the downside risk to earnings. This should be a benefit by way of a reduced discount to Insurance Australia Group ((IAG)).
While encouraged by the additional allowance, the broker assesses this is effectively another re-set of the insurance margin. Moreover, at a time when the company is looking to provide increased earnings certainty it has left the market in the dark in regards to regulatory costs.
Credit Suisse maintains a Neutral rating and raises the target to $14.00 from $13.25.
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ANALYSIS & DATA
MARKET CONSENSUS FORECAST
To display the stock analysis for a company please enter the company code:
XRO | XERO LIMITED
Abbreviated format - see the full version here
| LAST PRICE | CHANGE +/- | CHANGE % | VOLUME |
|---|---|---|---|
|
$61.30 17 May |
OPEN $59.76 |
HIGH $62.11 |
955,348 LOW $59.60 |
1.150| TARGET | |||
| $52.750 -13.9% downside | |||
| Franking for last dividend paid out: 0% |
| Title | FY20 Forecast |
FY21 Forecast |
|---|---|---|
| EPS (cps) | 13.8 | 47.4 |
| DPS (cps) | 0.0 | 0.0 |
| EPS Growth | N/A | 100.0% |
| DPS Growth | N/A | N/A |
| PE Ratio | 443.2 | 129.3 |
| Dividend Yield | 0.0% | 0.0% |
| Div Pay Ratio(%) | 0.0% | 0.0% |
DAILY FINANCIAL NEWS
FNArena Corporate Results Monitor
FNArena’s Monitor keeps track of corporate earnings result releases, including broker views, ratings and target price changes and beat/miss assessments.
May 17 2019 - Australia
Industrial property developer Goodman Group is increasingly confident in the opportunities inherent in its global land bank, reaffirming a robust outlook.
May 16 2019 - Australia
A glance through the latest expert views and predictions about commodities. Trade tensions; LNG; bulks; and steel.
May 15 2019 - Commodities
Increased competition in generic drugs has caused a significant deterioration in Mayne Pharma earnings and the company is reviewing the carrying value of these assets.
May 15 2019 - Small Caps
McKinsey & Company warn that a lack of recent exploration investment threatens a gold reserve crisis, while Macquarie singles out Africa-based miners as solid growth prospects.
May 15 2019 - Commodities
Further delays to the acquisition of the OnePath wealth business have meant brokers are reassessing the earnings outlook for IOOF.
May 14 2019 - Australia
RUDI'S VIEWS
Rudi’s View: Link Admin, Clinuvel Pharma & Altium
In this week's Weekly Insights (this is Part Two): -All About Dividends –Royal Commission: Ongoing Impact -Quote Of The Week…
May 17 2019
DAILY MARKET REPORTS
The Overnight Report: What Trade War?
A Street-beating earnings result from Walmart was enough to send US stocks higher once more, largely back to square for the week. Dow up 214.
May 17 2019
Australian Broker Call *Extra* Edition – May 16, 2019
Extra Edition of the Broker Call Report
May 16 2019
The Overnight Report: Auto Relief
As the White House is stuck in negotiations with China, a planned tariff increase on European cars has been postponed. Dow up 115.
May 16 2019
The Overnight Report: Not Convincing
Wall Street has bounced, but not shaken off expectations of further falls to come. Dow up 207.
May 15 2019
WEEKLY REPORTS
Next Week At A Glance
A brief look at important company events and economic data releases next week.
May 17 2019
The Wrap: Economy; Wealth, IMF And Imaging
Weekly Broker Wrap: consumer tax lift; RBA and Oz economy; wealth platforms; infant milk formula; diagnostic imaging; and supermarkets.
May 17 2019
The Short Report
FNArena’s weekly update on short positions in the Australian share market.
May 16 2019
Australian Corporate Bond Price Tables
FNArena provides a weekly update of Australian listed corporate bond issues, current pricing and yield data.
May 16 2019
Share Buybacks – Who’s Doing It?
Weekly Update on ASX-listed companies buying in their own stock.
May 15 2019
Uranium Week: Restricted Share Prices
Sachem Cove Partners believes listed uranium miners present an extraordinary investment opportunity even as the uranium price continues to slide.
May 14 2019
Weekly Ratings, Targets, Forecast Changes
Weekly update on stockbroker recommendation, target price, and earnings forecast changes.
May 13 2019
THE MARKETS
-
Asia
19 May 2019 Updated : 17:12 AEDT
NZ50
9214.870
-42.310
-0.460%
Nikkei 225
21250.09
+187.11
0.89%
Hang Seng
27946.46
-328.61
-1.16%
-
World
19 May 2019 Updated : 17:12 AEDT
CAD/USD
0.7424
+0.00
0.19%
EUR/JPY
122.93
+0.45
0.37%
EUR/USD
1.1167
0.00
0.00%
GBP/USD
1.2718
0.00
-0.35%
USD/JPY
110.08
+0.39
0.36%
-
Aus Stocks
19 May 2019 Updated : 17:12 AEDT
BHP (UK)
1573.00
0.00
0.00%
Rio (UK)
4673.00
+64.00
1.39%
BHP (US)
52.07
+0.03
0.06%
Rio (US)
59.96
+0.18
0.30%
ResMed (US)
112.78
-0.65
-0.57%
South32 (UK)
185.00
-3.70
-1.96%
James Hardie (US)
12.70
-0.15
-1.17%
Telstra (US)
12.15
+0.05
0.41%
Westpac (US)
17.35
-0.60
-3.34%
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CALENDAR
Monday, 20 May 2019
NZ services PMI, Apr JP GDP, Q1 JP industrial production, Mar ELD earnings result IPL earnings result RSG AGM SDA AGM SYD traffic stats Tuesday, 21 May 2019
AU minutes of RBA meeting AU RBA governor speaks ALQ earnings result AST ex-div 4.86c (45%) ALL WEATHER STOCKS
Code Company Price AMC AMCOR LIMITED 
$16.60
ARB ARB CORPORATION LIMITED
$18.27
CSL CSL LIMITED
$206.51
REA REA GROUP LIMITED
$87.72
RMD RESMED INC
$16.45
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FNARENA TALKS
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FNARENA WINDOWS
Window on INSURANCE
Rudi’s View: Link Admin, Clinuvel Pharma & Altium
In this week's Weekly Insights (this is Part Two): -All About Dividends –Royal Commission: Ongoing Impact -Quote Of The Week…
May 17 2019
Window on INFRA & PROPERTY DEVELOPERS
Confident Outlook For Goodman Group
Industrial property developer Goodman Group is increasingly confident in the opportunities inherent in its global land bank, reaffirming a robust outlook.
May 16 2019
Window on COMMODITIES
Material Matters: LNG, Bulks And Steel
A glance through the latest expert views and predictions about commodities. Trade tensions; LNG; bulks; and steel.
May 15 2019
SMSFUNDAMENTALS
SMSFundamentals: ETFs Get Active
A change of heart from the US SEC may open the door for rapid growth of actively managed ETFs both in the US and Australia.
Apr 16 2019