FINANCIAL NEWS
Material Matters: Services, Gas & Iron Ore
A glance through the latest expert views and predictions about commodities. Mining services; gas; iron ore; and lithium.
Apr 18 2019
US Margins The Key Driver For Brambles
Sales growth for the Brambles’ CHEP business reflected strong price realisation and customer expansion in the US, but the critical issue for brokers is easing cost inflation.
Apr 18 2019
The Short Report
FNArena’s weekly update on short positions in the Australian share market.
Apr 18 2019
UBS rates BXB as Buy
A recent survey of investors found margins are considered to be either the most or second most important driver of Brambles' share price by 84% of respondents. The broker notes pallet rental prices are rising, new pallet prices have increased, timber and transport costs are now falling having risen 35% last year, and new contract wins suggest volume momentum.
As a result the broker has increased its margin assumptions and its target to $13.30 from $12.10. Buy retained.
Morgan Stanley rates DLX as Underweight
Nippon Paint has proposed the acquisition of DuluxGroup, which Morgan Stanley notes comes despite the headwinds and a valuation that is already considered expensive. The broker recommends investors capitalise on the bid-driven share price strength.
The board has unanimously voted to recommend the proposal. The broker suspects the takeover may provide an exit before its forecast downside fully materialises. Underweight maintained. Target rises to $9.80 from $6.50. Cautious sector view maintained.
Macquarie rates GEM as Outperform
The 2019 AGM update has indicated trading is in line with expectations. Occupancy has continued to build and management is confident in achieving the upper end of its target range.
While a forecast skew to the second half has dampened sentiment, Macquarie believes it is plausible and consistent with industry feedback.
The broker finds the valuation undemanding and retains an Outperform rating and $3.45 target.
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ANALYSIS & DATA
MARKET CONSENSUS FORECAST
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GEM | G8 EDUCATION LIMITED
Abbreviated format - see the full version here
| LAST PRICE | CHANGE +/- | CHANGE % | VOLUME |
|---|---|---|---|
|
$2.92 18 Apr |
OPEN $3.04 |
HIGH $3.04 |
4,945,159 LOW $2.90 |
-0.140| TARGET | |||
| $3.418 17.1% upside | |||
| Franking for last dividend paid out: 100% |
| Title | FY17 Actual |
FY18 Actual |
FY19 Forecast |
FY20 Forecast |
|---|---|---|---|---|
| EPS (cps) | 18.9 | 17.5 | 19.8 | 23.6 |
| DPS (cps) | 24.0 | 14.5 | 14.1 | 16.8 |
| EPS Growth | - 10.8% | - 7.3% | 13.0% | 19.2% |
| DPS Growth | 0.0% | - 39.6% | - 3.0% | 19.5% |
| PE Ratio | N/A | N/A | 14.7 | 12.4 |
| Dividend Yield | N/A | N/A | 4.8% | 5.8% |
| Div Pay Ratio(%) | 126.8% | 82.7% | 70.9% | 71.1% |
DAILY FINANCIAL NEWS
Material Matters: Services, Gas & Iron Ore
A glance through the latest expert views and predictions about commodities. Mining services; gas; iron ore; and lithium.
Apr 18 2019 - Commodities
Sales growth for the Brambles’ CHEP business reflected strong price realisation and customer expansion in the US, but the critical issue for brokers is easing cost inflation.
Apr 18 2019 - Australia
Cochlear has launched its MRI-compatible implant but brokers do not expect the new product will impact revenue and market share until FY20.
Apr 17 2019 - Australia
Elevated inventory persisted over the March quarter amid falling sales for Blackmores, which has recognised the need to reposition its business to better cater for the Chinese market.
Apr 17 2019 - Australia
Good Franking Credits News
Peter Switzer of the Switzer Super Report notes an attack on franking credit refunds could come down to the balance of power in the Senate.
Apr 17 2019 - FYI
The first quarter can be soft for seasonal reasons and mineral sands producer Iluka Resources has assured the market that sales remain in line with historical averages.
Apr 17 2019 - Australia
RUDI'S VIEWS
Everybody Is Waiting…
In this week's Weekly Insights: -Everybody Is Waiting… -No Weekly Insights Next Week -CSL Challenge: Market Share & Margins -Conviction…
Apr 18 2019
DAILY MARKET REPORTS
The Overnight Report: Not Yet
Wall Street still needs more evidence of strong earnings before it can retake the nearby previous highs. Dow down -3.
Apr 18 2019
The Overnight Report: No Joy Yet From Earnings
Early signs are for a better than expected US earnings season but still the S&P500 is failing to gain meaningful ground. Dow up 67.
Apr 17 2019
The Overnight Report: Bit Dreary
Both the local and US markets have posted rather quiet sessions as they seek direction. Dow down -27.
Apr 16 2019
WEEKLY REPORTS
The Short Report
FNArena’s weekly update on short positions in the Australian share market.
Apr 18 2019
Next Week At A Glance
A brief look at important company events and economic data releases next week.
Apr 18 2019
Australian Corporate Bond Price Tables
FNArena provides a weekly update of Australian listed corporate bond issues, current pricing and yield data.
Apr 18 2019
Share Buybacks – Who’s Doing It?
Weekly Update on ASX-listed companies buying in their own stock.
Apr 17 2019
Uranium Week: And The Winner Is…
The US Commerce Department’s section 232 recommendations regarding uranium imports have finally been submitted to the White House.
Apr 16 2019
Weekly Ratings, Targets, Forecast Changes
Weekly update on stockbroker recommendation, target price, and earnings forecast changes.
Apr 15 2019
Weekly Top Ten News Stories
Our top ten news stories from 04 April 2019 to 11 April 2019
Apr 12 2019
Next Week At A Glance
A brief look at important company events and economic data releases next week.
Apr 12 2019
THE MARKETS
-
Asia
21 April 2019 Updated : 14:42 AEDT
NZ50
9214.870
-42.310
-0.460%
Nikkei 225
22200.56
+110.44
0.50%
Hang Seng
29963.26
-161.42
-0.54%
-
World
21 April 2019 Updated : 14:42 AEDT
CAD/USD
0.7462
0.00
-0.21%
EUR/JPY
125.88
+0.01
0.01%
EUR/USD
1.1247
+0.00
0.01%
GBP/USD
1.2996
0.00
-0.05%
USD/JPY
111.92
-0.01
0.00%
-
Aus Stocks
21 April 2019 Updated : 14:42 AEDT
BHP (UK)
1573.00
0.00
0.00%
Rio (UK)
4602.00
+55.00
1.21%
BHP (US)
54.95
-0.17
-0.31%
Rio (US)
60.77
+0.31
0.51%
ResMed (US)
99.22
+1.85
1.90%
South32 (UK)
190.20
-0.60
-0.31%
James Hardie (US)
13.67
-0.04
-0.29%
Telstra (US)
12.16
+0.22
1.84%
Westpac (US)
19.25
-0.02
-0.10%
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CALENDAR
Monday, 22 April 2019
NZ markets closed AU markets closed EZ markets closed UK markets closed US existing home sales, Mar Tuesday, 23 April 2019
US FHFA house prices, Feb US new home sales, Mar 1AL ex-div 1.5c CRN quarterly production report NWH ex-div 2c (100%) RIC ex-div 1.5c (100%) Wednesday, 24 April 2019
ALL WEATHER STOCKS
Code Company Price AMC AMCOR LIMITED $15.38
ARB ARB CORPORATION LIMITED 
$17.79
CSL CSL LIMITED 
$190.51
REA REA GROUP LIMITED
$78.40
RMD RESMED INC
$13.60
WEEKLY PDF
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FNARENA TALKS
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FNARENA WINDOWS
Window on COMMODITIES
Material Matters: Services, Gas & Iron Ore
A glance through the latest expert views and predictions about commodities. Mining services; gas; iron ore; and lithium.
Apr 18 2019
Window on TRANSPORTATION & LOGISTICS
US Margins The Key Driver For Brambles
Sales growth for the Brambles’ CHEP business reflected strong price realisation and customer expansion in the US, but the critical issue for brokers is easing cost inflation.
Apr 18 2019
Window on MEDICAL EQUIPMENT & DEVICES
Cochlear’s New Implant Should Restore Share
Cochlear has launched its MRI-compatible implant but brokers do not expect the new product will impact revenue and market share until FY20.
Apr 17 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