FINANCIAL NEWS
Uranium Week: Open Letter On Climate Change
As the uranium spot price rose 1% for the week, while six nuclear industry groups banded together to highlight nuclear’s role in the fight against climate change
10:34 AM
Xero Ramps Reinvestment
Xero is at a fork in the road, needing to reinvest to stay ahead of a competitive software market while also managing investor expectations
10:00 AM
The Overnight Report: Merger Monday
Wall Street mostly recovered from early losses last night, with focus on a merger to create one of the world’s largest media companies. Dow down -54. (Available for non-subscribers after 10am)
9:03 AM
Robust Property Profile Underpins CSR
Property sales and resurgent building activity are the keys to CSR, reflected in healthy FY21 results and strong dividends
May 17 2021
Morgans rates CAR as Upgrade to Add from Hold
Morgans upgrades to Add from Hold and lifts the target price to $20.82 from $19.45. The broker is supportive of the recent acquisition of Trader Interactive, which will likely reinvigorate topline growth.
The analyst sees Carsales.Com as providing the best growth/valuation trade-off amongst the domestic classifieds players at present. With strong domestic new car sales and Korea travelling well despite covid, conditions are considered to remain supportive into FY22.
UBS rates CNU as Neutral
Chorus has increased its range of fibre revenues for 2022-25 by 10%, although UBS believes it will be difficult to achieve given the increased competition in wireless broadband.
The fibre revenue range increases to NZ$760-780m, assuming tilted depreciation, and NZ$720-820m assuming smoothing and tilting, which the broker suspects is optimistic. Neutral maintained. Target is steady at NZ$6.30.
Macquarie rates ELD as Outperform
Elders' first-half net profit at $67m was higher than Macquarie's expected $59m. The result was driven by a mix of seasonal conditions, bolt-on acquisitions and organic growth, highlights Macquarie.
The broker is pleased and notes the company is "firing on all cylinders" with growth seen across all state geographies and product lines. Going ahead, the broker expects the strong first-half result to flow through to the second half.
Outperform rating with the target rising to $14.11 from $13.80.
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ANALYSIS & DATA
FNARENA'S MARKET CONSENSUS FORECASTS
To display the stock analysis for a company please enter the company code:
ALL | ARISTOCRAT LEISURE LIMITED
Abbreviated format - see the full version here
| LAST PRICE | CHANGE +/- | CHANGE % | VOLUME |
|---|---|---|---|
|
$38.92 17 May |
OPEN $39.50 |
HIGH $40.86 |
1,586,946 LOW $38.60 |
1.580| TARGET | |||
| $40.651 4.4% upside | |||
| Franking for last dividend paid out: 100% |
| Title | FY19 Actual |
FY20 Actual |
FY21 Forecast |
FY22 Forecast |
|---|---|---|---|---|
| EPS (cps) | xxx | 216.0 | 122.4 | xxx |
| DPS (cps) | xxx | 10.0 | 48.3 | xxx |
| EPS Growth | xxx | 97.0% | - 43.3% | xxx |
| DPS Growth | xxx | - 82.1% | 100.0% | xxx |
| PE Ratio | xxx | N/A | 32.7 | xxx |
| Dividend Yield | xxx | N/A | 1.2% | xxx |
| Div Pay Ratio(%) | xxx | 4.6% | 39.4% | xxx |
DAILY FINANCIAL NEWS
Xero Ramps Reinvestment
Xero is at a fork in the road, needing to reinvest to stay ahead of a competitive software market while also managing investor expectations
10:00 AM - Australia
Property sales and resurgent building activity are the keys to CSR, reflected in healthy FY21 results and strong dividends
May 17 2021 - Australia
While brokers have revised their forecasts in line with GrainCorp’s updated guidance, they believe there still is further upside if seasonal conditions remain favourable
May 17 2021 - Australia
FNArena’s Monitor keeps track of corporate earnings result releases, including broker views, ratings and target price changes and beat/miss assessments
May 14 2021 - Australia
Portfolio managers from Janus Henderson and T. Rowe Price provide their views on the US inflation spike and implications for Australia
May 14 2021 - Australia
FNArena’s Treasure Chest reports on money making ideas from stockbrokers and other experts. Amidst divergent views on Nanosonics, Bell Potter has identified the company as a primary victim of global covid restrictions and delays
May 13 2021 - Treasure Chest
PR NEWSWIRE
Ticketing-as-a-Service software provider Red61 closes a late seed investment round, signs key new clients & plans for further growth with a Series A round
9:01 AM - PR NewsWire
Dubber launches three new compliance solutions
8:15 AM - PR NewsWire
Eastern Wellness Assets Pty Ltd Announces Offering of Progressively Drawn AUD20,905,597 Senior Secured Loan Notes
8:04 AM - PR NewsWire
RUDI'S VIEWS
Rudi’s View: Back To Pre-Covid Forecasts
In this week's Weekly Insights: -Back To Pre-Covid Forecasts-Conviction Calls-Research To Download-All-Weather Stocks: My Research & The Model Portfolio By Rudi…
May 13 2021
DAILY MARKET REPORTS
The Overnight Report: Merger Monday
Wall Street mostly recovered from early losses last night, with focus on a merger to create one of the world’s largest media companies. Dow down -54. (Available for non-subscribers after 10am)
9:03 AM
Australian Broker Call *Extra* Edition – May 17, 2021
Extra Edition of the Broker Call Report
May 17 2021
The Monday Report – 17 May 2021
Wrap of events affecting the market on Friday night and the weekend and a preview of the week ahead
May 17 2021
The Overnight Report: As You Were
What’s wrong with a little bit of inflation among friends? Dow up 433. (Available for non-subscribers after 10am)
May 14 2021
WEEKLY REPORTS
Uranium Week: Open Letter On Climate Change
As the uranium spot price rose 1% for the week, while six nuclear industry groups banded together to highlight nuclear’s role in the fight against climate change
10:34 AM
Australian Listed Real Estate Tables – 17-05-2021
FNArena provides a weekly update of Australian listed real estate trusts (REIT) and property developers, current pricing yield and valuation data
May 17 2021
Weekly Ratings, Targets, Forecast Changes – 14-05-21
Weekly update on stockbroker recommendation, target price, and earnings forecast changes
May 17 2021
Weekly Top Ten News Stories – 14 May 2021
Our top ten news stories from 06 May 2021 to 13 May 2021
May 14 2021
Next Week At A Glance – 17-21 May 2021
A brief look at important company events and economic data releases next week
May 14 2021
The Wrap: Budget 2021, BNPL, Online, Mining & Infrastructure
Weekly Broker Wrap: Budget 2021 broadly equity market friendly, BNPL’s US eclipse, online moderating, Mining & Infrastructure run-up
May 14 2021
The Short Report – 13 May 2021
FNArena’s weekly update on short positions in the Australian share market
May 13 2021
Who Will Be The Next Pro Medicus?
The New Criterion’s Tim Boreham highlights some interesting ASX-listed stocks revolutionizing the diagnostic imaging industry
May 13 2021
Uranium Week: Big Gains For Uranium Equities
As the uranium spot price rose 3.8% for the week, share prices of current and prospective uranium producers performed solidly
May 11 2021
THE MARKETS
-
Asia
18 May 2021 Updated : 10:42 AEDT
NZ50
9214.870
-42.310
-0.460%
Nikkei 225
28145.67
+320.84
1.15%
Hang Seng
28194.09
+166.52
0.59%
-
World
18 May 2021 Updated : 10:42 AEDT
CAD/USD
0.8293
+0.00
0.40%
EUR/JPY
132.79
+0.10
0.08%
EUR/USD
1.2157
0.00
-0.02%
GBP/USD
1.4151
+0.00
0.30%
USD/JPY
109.22
+0.09
0.08%
-
Aus Stocks
18 May 2021 Updated : 10:42 AEDT
BHP (UK)
2246.00
+23.50
1.06%
Rio (UK)
6277.03
+142.03
2.32%
BHP (US)
78.70
+1.21
1.56%
Rio (US)
90.63
+2.40
2.72%
ResMed (US)
195.00
-0.42
-0.21%
South32 (UK)
163.20
+0.60
0.37%
James Hardie (US)
32.90
-0.02
-0.06%
Telstra (US)
13.27
-0.13
-0.97%
Janus Henderson (US)
37.44
-0.66
-1.73%
Westpac (US)
19.77
-0.20
-1.00%
Newcrest (CA)
27.00
+0.75
2.86%
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CALENDAR
Tuesday, 18 May 2021
AU minutes of RBA meeting JP GDP, Q1 EZ GDP, Q1 EZ trade balance, Mar UK unemployment, Mar US housing starts, Apr JHX quarterly earnings NIC AGM Wednesday, 19 May 2021
NZ PPI, Q1 AU wage price index, Q1 EZ CPI, Apr UK CPI & PPI, Apr ALL WEATHER STOCKS
Code Company Price COL COLES GROUP LIMITED 
$16.26
CSL CSL LIMITED 
$277.14
REA REA GROUP LIMITED
$150.57
RMD RESMED INC
$25.24
TNE TECHNOLOGYONE LIMITED
$8.84
WEEKLY PDF
Stories To Read From FNArena
WEEK 20
WEEK 19
WEEK 18
WEEK 17
WEEK 16
FNARENA TALKS
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FNARENA WINDOWS
Window on URANIUM
Uranium Week: Open Letter On Climate Change
As the uranium spot price rose 1% for the week, while six nuclear industry groups banded together to highlight nuclear’s role in the fight against climate change
10:34 AM
Window on ACCOUNTANCY
Xero Ramps Reinvestment
Xero is at a fork in the road, needing to reinvest to stay ahead of a competitive software market while also managing investor expectations
10:00 AM
Window on BUILDING PRODUCTS & SERVICES
Robust Property Profile Underpins CSR
Property sales and resurgent building activity are the keys to CSR, reflected in healthy FY21 results and strong dividends
May 17 2021
SMSFUNDAMENTALS
SMSFundamentals: Pandemic Widens Super Gap
Women and young workers are being encouraged to focus on rebuilding their super after early release super payments throughout the covid-19 pandemic have widened the gender super gap
Apr 28 2021