FINANCIAL NEWS
Afterpay: It’s Hip To Be Square
Afterpay’s weak quarter was ignored following a bid from Square which brokers acknowledge is advantageous, if a bit cheap, with competing suitors unlikely
12:09 PM
Australian Listed Investment Company Report – August 2021
Independent Investment Research updates developments among Australia’s listed investment companies and provides comparative data
11:32 AM
Uranium Week: Uranium Company Updates
As the uranium spot price remained unchanged last week, the world’s largest uranium company and several small ASX-listed companies released financial results
10:57 AM
CBA: On Track For New Highs
Michael Gable of Fairmont Equities notes that after a “false break”, Commonwealth Bank is now set for another run
10:30 AM
Treasure Chest: Opportunity In oOh!media
FNArena’s Treasure Chest reports on money making ideas from stockbrokers and other experts. Is there an opportunity in outdoor advertiser oOh!media? Goldman Sachs joins the believers, initiating coverage of the stock
10:00 AM
Macquarie rates JHG as Outperform
Earnings upgrades provide scope for further multiple upside, Macquarie suggests. The broker notes flow momentum has improved slightly while, on an underlying basis, adjusted operating income was $269.3m, well ahead of expectations.
Equities were the main drag during the quarter while multi-asset and alternatives provided a positive offset. Outperform maintained. Target rises to $63.50 from $56.00.
UBS rates ORG as Buy
Very soft guidance for FY22 Energy Markets earnings (EBITDA) and -$2.5bn of non-cash charges overshadowed a solid June quarter result from APLNG, in the opinion of UBS. The guidance is estimated to imply a -47% fall at the midpoint year-on-year.
The broker's prior forecast expected a -30% fall and factored in lower electricity prices and higher gas procurement costs. This is considered due to failing to hedge exposure to high coal prices, which have risen 70% since May.
Hence, the analyst cuts FY22 Energy Markets earnings by a further -21% to $539m, while at the same time noting FY23 Energy Markets guidance points to a solid recovery from FY22. UBS lowers its price target to $4.75 from $5.15 and retains its Buy rating.
Morgans rates RCW as Hold
Morgans retains its Hold rating and $0.39 target price after Rightcrowd's fourth quarter annual recurring revenue (ARR) doubled year-on-year, marginally ahead of guidance. Revenue booked was a estimated to be a marginal miss.
The broker notes the year ended with $9.9m of cash, which equates to 2.7 quarters of funding based on the fourth quarter cash burn rate. While costs stepped up substantially, they were considered to include a number of one-offs costs.
The analyst anticipates operating expenses should drop by -$1m per annum, as the acquired Offsite Vision settles into the core business.
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ANALYSIS & DATA
FNARENA'S MARKET CONSENSUS FORECASTS
To display the stock analysis for a company please enter the company code:
ORG | ORIGIN ENERGY LIMITED
Abbreviated format - see the full version here
| LAST PRICE | CHANGE +/- | CHANGE % | VOLUME |
|---|---|---|---|
|
$4.25 02 Aug |
OPEN $4.11 |
HIGH $4.29 |
0 LOW $4.10 |
0.140| TARGET | |||
| $4.810 13.2% upside | |||
| Franking for last dividend paid out: 0% |
| Title | FY19 Actual |
FY20 Actual |
FY21 Forecast |
FY22 Forecast |
|---|---|---|---|---|
| EPS (cps) | xxx | 4.7 | 20.0 | xxx |
| DPS (cps) | xxx | 25.0 | 18.9 | xxx |
| EPS Growth | xxx | - 93.1% | 100.0% | xxx |
| DPS Growth | xxx | 0.0% | - 24.2% | xxx |
| PE Ratio | xxx | N/A | 21.9 | xxx |
| Dividend Yield | xxx | N/A | 4.3% | xxx |
| Div Pay Ratio(%) | xxx | 529.7% | 94.9% | xxx |
DAILY FINANCIAL NEWS
Afterpay: It’s Hip To Be Square
Afterpay’s weak quarter was ignored following a bid from Square which brokers acknowledge is advantageous, if a bit cheap, with competing suitors unlikely
12:09 PM - Australia
Michael Gable of Fairmont Equities notes that after a “false break”, Commonwealth Bank is now set for another run
10:30 AM - Technicals
FNArena’s Treasure Chest reports on money making ideas from stockbrokers and other experts. Is there an opportunity in outdoor advertiser oOh!media? Goldman Sachs joins the believers, initiating coverage of the stock
10:00 AM - Treasure Chest
Another downgrade to FY22 guidance by Origin Energy has signalled continued pressure on the balance sheet, only likely to be mitigated by the distribution from APLNG
Aug 02 2021 - Australia
Big capital is encouraging sovereign social bond issuance as a means to achieving the UN’s Sustainable Development Goals, but everyone’s a critic
Aug 02 2021 - ESG Focus
FNArena’s Monitor keeps track of corporate earnings result releases, including broker views, ratings and target price changes and beat/miss assessments
Jul 30 2021 - Australia
RUDI'S VIEWS
Rudi’s View: August Results; Anticipation & Trepidation
In this week's Weekly Insights: -August Results: Anticipation & Trepidation-Predicting The Next Index Changes-Conviction Calls-Research To Download-FNArena Talks By Rudi…
Jul 29 2021
DAILY MARKET REPORTS
The Overnight Report: Soggy Start
Macro and virus concerns have put a dampener on the first trading day of August in the US. Dow down -97. (Available for non-subscribers after 10am)
9:18 AM
Australian Broker Call *Extra* Edition – Aug 02, 2021
Extra Edition of the Broker Call Report
Aug 02 2021
The Monday Report – 02 August 2021
Wrap of events affecting the market on Friday night and the weekend and a preview of the week ahead
Aug 02 2021
Today’s Financial Calendar – 02-08-2021
Significant Scheduled Events For 02 August, 2021
Aug 02 2021
The Overnight Report: Old News
A big miss of US GDP forecasts left Wall Street undeterred last night. Dow up 153. (Available for non-subscribers after 10am)
Jul 30 2021
WEEKLY REPORTS
Australian Listed Investment Company Report – August 2021
Independent Investment Research updates developments among Australia’s listed investment companies and provides comparative data
11:32 AM
Uranium Week: Uranium Company Updates
As the uranium spot price remained unchanged last week, the world’s largest uranium company and several small ASX-listed companies released financial results
10:57 AM
Australian Listed Real Estate Tables – 02-08-2021
A weekly update of listed real estate trusts (REIT) and property developers data
Aug 02 2021
Weekly Ratings, Targets, Forecast Changes – 30-07-21
Weekly update on stockbroker recommendation, target price, and earnings forecast changes
Aug 02 2021
Weekly Top Ten News Stories – 30 July 2021
Our top ten news stories from 22 July 2021 to 29 July 2021
Jul 30 2021
Next Week At A Glance – 2-6 Aug 2021
A brief look at important company events and economic data releases next week
Jul 30 2021
The Wrap: Robo Advice, China, Lockdowns, and Listed Property
Weekly Broker Wrap: The rise of Robo advice, China’s growth U-turn, lockdown hits GDP, listed property feels lockdown impact
Jul 30 2021
The Short Report – 29 Jul 2021
FNArena’s weekly update on short positions in the Australian share market
Jul 29 2021
Why Listed Online Retailers Are Not All Equal
The New Criterion’s Tim Boreham explores why not every ASX-listed online retailer has enjoyed equal benefit from the pandemic
Jul 28 2021
THE MARKETS
-
Asia
03 August 2021 Updated : 20:12 AEDT
NZ50
9214.870
-42.310
-0.460%
Nikkei 225
27641.83
-139.19
-0.50%
Hang Seng
26194.82
-40.98
-0.16%
-
World
03 August 2021 Updated : 20:12 AEDT
CAD/USD
0.7995
0.00
-0.42%
EUR/JPY
129.77
-0.54
-0.42%
EUR/USD
1.1883
0.00
-0.09%
GBP/USD
1.3915
0.00
-0.03%
USD/JPY
109.21
-0.36
-0.33%
-
Aus Stocks
03 August 2021 Updated : 20:12 AEDT
BHP (UK)
2352.00
+3.00
0.13%
Rio (UK)
6249.00
+33.00
0.53%
BHP (US)
78.41
-0.17
-0.22%
Rio (US)
87.30
+0.99
1.15%
ResMed (US)
268.63
-3.17
-1.17%
South32 (UK)
159.62
+1.62
1.03%
James Hardie (US)
34.06
+0.30
0.89%
Telstra (US)
13.89
-0.06
-0.43%
Janus Henderson (US)
41.42
-0.42
-1.00%
Westpac (US)
18.21
+0.29
1.62%
Newcrest (CA)
24.20
0.00
0.00%
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CALENDAR
Tuesday, 3 August 2021
AU building approvals, Jun AU housing finance, Jun AU RBA policy meeting JP CPI, Jul EZ PPI, Jun US factory orders, Jun CCP earnings result COF earnings result Wednesday, 4 August 2021
NZ unemployment, Q2 AU retail sales, Jun (final) EZ retail sales, Jun US ADP private sector unemployment, Jul ALL WEATHER STOCKS
Code Company Price COL COLES GROUP LIMITED 
$17.92
CSL CSL LIMITED 
$294.31
REA REA GROUP LIMITED
$166.12
RMD RESMED INC
$36.34
TNE TECHNOLOGY ONE LIMITED
$9.47
WEEKLY PDF
Stories To Read From FNArena
WEEK 31
WEEK 30
WEEK 29
WEEK 28
WEEK 27
FNARENA TALKS
Reinventing Income In Australian Shares
Mar 31 2021
Investing in 2021: World Upside Down
Mar 18 2021
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FNARENA WINDOWS
Window on BUSINESS & CONSUMER CREDIT
Afterpay: It’s Hip To Be Square
Afterpay’s weak quarter was ignored following a bid from Square which brokers acknowledge is advantageous, if a bit cheap, with competing suitors unlikely
12:09 PM
Window on URANIUM
Uranium Week: Uranium Company Updates
As the uranium spot price remained unchanged last week, the world’s largest uranium company and several small ASX-listed companies released financial results
10:57 AM
Window on BANKS
CBA: On Track For New Highs
Michael Gable of Fairmont Equities notes that after a “false break”, Commonwealth Bank is now set for another run
10:30 AM
SMSFUNDAMENTALS
SMSFundamentals: Are Traditional Retiree Income Strategies Flawed?
Martin Currie Australia argues that a focus on equity-based investment solutions that solve a client’s income needs is more important than ever in a post covid world
Jul 20 2021