FINANCIAL NEWS

As Panic Wanes What’s In Store For Retailing?

There were many positives generated for retailing by the pandemic. What could be short term and what could be longer-lasting impacts?

2:07 PM


Treasure Chest: Boral Sale Adds Complexity

FNArena’s Treasure Chest reports on money making ideas from stockbrokers and other experts.? Boral will sell its North American building products business, ex fly ash, adding complexity in the face of the offer from Seven Group

1:44 PM


Uranium Week: Uranium Equities Fall On Reactor Fears

As the uranium spot price rises 14% over the last eight weeks, uranium shares tumble on concerns over a Chinese nuclear reactor

10:55 AM


CSL: Buy The Dip

Michael Gable of Fairmont Equities suggests CSL is set for a short term share price dip, providing an attractive entry point

10:29 AM


Is Coles Building A Moat Or Playing Catch-Up?

Short-term pains are expected to help set Coles up for long-term gains, but some brokers question whether a major lift in capex is too little too late to play catch-up with Woolworths

10:00 AM


Citi rates BLD as No Rating

Boral has announced the sale of the US light building products business for US$2.15bn. Citi notes the US housing market to date has exceeded FY19 levels and there is a high level of correlation between the performance of light building product and the macro environment.

The transaction will reduce Boral's targeted net debt to $1.3bn and generate significant surplus capital, paving the way for a capital return. How the funds are distributed will depend on a number of factors at the time of sale, the broker notes.

The review of fly ash is still underway. Citi is restricted on providing a rating and target at present.

Morgans rates MLG as Initiation of coverage with Hold

Morgans initiates coverage of MLG Oz with a $1.08 target and a Hold rating, while awaiting greater visibility after recent setbacks in the crushing business. The company is an integrated provider of key mine site, haulage and logistics services to Australia’s mining sector. 

MLG Oz operates from 29 sites in WA and the NT and services more than 15 resource sector clients in the gold (82% of FY20 revenue), iron ore (14%) and nickel sectors (4%).

The company leverages its strategic asset base to offer five revenue streams under a single, reliable and safe delivery model, explains the broker. It’s considered the length of client relationships and consistent scope increases illustrate the strength of its service offering.

The analyst cautions falling prices for gold, iron ore and nickel can impact client profitability, reduce production volumes and, ultimately, lower the demand for the company’s services.

Credit Suisse rates VCX as Neutral

Prompted by the declaration of a second half dividend of 6.6 cents, Credit Suisse increases forecast FY21-FY23 DPS by 5.5-5.6% to reflect a higher assumed payout ratio.

Management indicated the payout was towards the lower end of the REIT's 95-100% adjusted funds from operations (AFFO) payout policy. As a result, the broker assumes a dividend payout of 95% of estimated AFFO over the forecast period.

The analyst's underlying earnings estimates are unchanged and the Neutral rating and $1.69 target are unchanged.

Click here to see full report

ANALYSIS & DATA

FNARENA'S MARKET CONSENSUS FORECASTS

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

VCX | VICINITY CENTRES

Abbreviated format - see the full version here


LAST PRICE CHANGE +/- CHANGE % VOLUME

$1.64

21 Jun
2021

-0.020

OPEN

$1.63

-1.20%

HIGH

$1.65

13,140,999

LOW

$1.62

TARGET
$1.638 -0.1% downside
FNARENA'S MARKET CONSENSUS FORECASTS
VCX: 1
Title FY19
Actual
FY20
Actual
FY21
Forecast
FY22
Forecast
EPS (cps) xxx - 47.3 11.3 xxx
DPS (cps) xxx 7.7 9.1 xxx
EPS Growth xxx N/A N/A xxx
DPS Growth xxx - 51.6% 18.4% xxx
PE Ratio xxx N/A 14.8 xxx
Dividend Yield xxx N/A 5.4% xxx
Div Pay Ratio(%) xxx N/A 80.6% xxx

RUDI ON TWITTER

FIND US ON
Facebooktwitter

DAILY FINANCIAL NEWS

As Panic Wanes What’s In Store For Retailing?

There were many positives generated for retailing by the pandemic. What could be short term and what could be longer-lasting impacts?

2:07 PM - Australia


FNArena’s Treasure Chest reports on money making ideas from stockbrokers and other experts.? Boral will sell its North American building products business, ex fly ash, adding complexity in the face of the offer from Seven Group

1:44 PM - Treasure Chest


Michael Gable of Fairmont Equities suggests CSL is set for a short term share price dip, providing an attractive entry point

10:29 AM - Technicals


Short-term pains are expected to help set Coles up for long-term gains, but some brokers question whether a major lift in capex is too little too late to play catch-up with Woolworths

10:00 AM - Australia


A glance through the latest expert views and predictions about commodities: drilling; thermal coal; base metals; iron ore; and potash

Jun 21 2021 - Commodities


Challenger has decided to raise capital targets to sustain its earnings base, reducing return on equity target and deploying more cash into fixed income

Jun 21 2021 - Australia


RUDI'S VIEWS

Rudi’s View: Goodman Group, CBA And Tyro Payments

In this week's  Weekly Insights: -A Seismic Shift-Conviction Calls By Rudi Filapek-Vandyck, Editor FNArena  A Seismic Shift If you are…

Jun 10 2021

DAILY MARKET REPORTS

The Overnight Report: As You Were

Last night Wall Street completely reversed all of Friday night’s action. Dow up 586. (Available for non-subscribers after 10am)

9:20 AM


Today’s Financial Calendar – 22-06-2021

Significant Scheduled Events For 22 June, 2021

8:15 AM


The Monday Report – 21 June 2021

Wrap of events affecting the market on Friday night and the weekend and a preview of the week ahead

Jun 21 2021


Today’s Financial Calendar – 21-06-2021

Significant Scheduled Events For 21 June, 2021

Jun 21 2021


Australian Broker Call *Extra* Edition – Jun 18, 2021

Extra Edition of the Broker Call Report

Jun 18 2021


The Overnight Report: No Resolution

Is inflation here to stay or will it soon pass? A seemingly contradictory Fed has not helped the debate. Dow down -210. (Available for non-subscribers after 10am)

Jun 18 2021


Today’s Financial Calendar – 18-06-2021

Significant Scheduled Events For 18 June, 2021

Jun 18 2021


WEEKLY REPORTS

Uranium Week: Uranium Equities Fall On Reactor Fears

As the uranium spot price rises 14% over the last eight weeks, uranium shares tumble on concerns over a Chinese nuclear reactor

10:55 AM

Australian Listed Real Estate Tables – 21-06-2021

FNArena provides a weekly update of Australian listed real estate trusts (REIT) and property developers, current pricing yield and valuation data

Jun 21 2021

Weekly Ratings, Targets, Forecast Changes – 18-06-21

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

Jun 21 2021


The Wrap: Trade Deal, China, Demergers, Consumer Spending

Weekly Broker Wrap: Trade deal with the UK, China consumption softens, Woollies calls time on drinks, consumer spend shift

Jun 18 2021

Weekly Top Ten News Stories – 18 June 2021

Our top ten news stories from 10 June 2021 to 17 June 2021

Jun 18 2021

Next Week At A Glance – 21-25 Jun 2021

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

Jun 18 2021


The Short Report – 17 Jun 2021

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

Jun 17 2021

Long Lost Small Caps Seeing The Light

The New Criterion’s Tim Boreham examines three long established ASX small caps that may be set to not be so small

Jun 17 2021

Australian Listed Real Estate Tables – 15-06-2021

FNArena provides a weekly update of Australian listed real estate trusts (REIT) and property developers, current pricing yield and valuation data

Jun 15 2021


RUDI ON TWITTER

FIND US ON
Facebooktwitter

THE MARKETS

    Click item/line to change chart

  • Australia

    22 June 2021   Updated : 20:12   AEDT

    SPI Overnight (Jun)

    7244.00

    +89.00

    1.24%

    All Ordinaries

    7592.70

    +107.50

    1.44%

    S&P ASX 200

    7342.20

    +106.90

    1.48%

    S&P ASX 300

    7329.60

    +104.90

    1.45%

    Consumer Discretionary

    3462.00

    +54.70

    1.61%

    Consumer Staples

    12908.80

    +57.10

    0.44%

    Energy

    8317.50

    +182.50

    2.24%

    Financials

    6575.20

    +129.30

    2.01%

    Health Care

    45593.50

    -287.50

    -0.63%

    Industrials

    6305.10

    +84.10

    1.35%

    Info Technology

    2193.00

    +9.40

    0.43%

    Materials

    16756.10

    +323.60

    1.97%

    Telecommunication

    1470.60

    +27.30

    1.89%

    Utilities

    6174.50

    +44.20

    0.72%

  • Asia

    22 June 2021   Updated : 20:12   AEDT

    NZ50

    9214.870

    -42.310

    -0.460%

    Nikkei 225

    28884.13

    +873.20

    3.12%

    Hang Seng

    28309.76

    -179.24

    -0.63%

    Click item/line to change chart

  • Australasia

    22 June 2021   Updated : 20:12   AEDT

    AUD/USD

    0.7508

    0.00

    -0.01%

    AUD/NZD

    1.0757

    0.00

    -0.17%

    NZD/USD

    0.6978

    +0.00

    0.13%

    AUD/JPY

    82.92

    +0.23

    0.27%

    SGD/AUD

    0.99

    0.00

    -0.18%

    AUD/EUR

    0.6316

    +0.00

    0.06%

    AUD/GBP

    0.5411

    0.00

    -0.11%

    AUDCAD

    0.9295

    0.00

    -0.41%

  • World

    22 June 2021   Updated : 20:12   AEDT

    CAD/USD

    0.8077

    +0.00

    0.40%

    EUR/JPY

    131.30

    +0.29

    0.22%

    EUR/USD

    1.1888

    0.00

    -0.08%

    GBP/USD

    1.3875

    +0.00

    0.07%

    USD/JPY

    110.44

    +0.32

    0.29%

    Click item/line to change chart

  • World

    22 June 2021   Updated : 20:12   AEDT

    FTSE100

    7090.10

    +27.81

    0.39%

    DAX30

    15571.20

    -32.04

    -0.21%

    DJIA

    33876.97

    +586.89

    1.76%

    S&P500

    4224.79

    +58.34

    1.40%

    Nasdaq Comp

    14141.48

    +111.10

    0.79%

    S&P500 VIX

    18.02

    -2.68

    -12.95%

    US 10-year yield

    1.484

    +0.034

    2.340%

    USD Index

    91.86

    -0.37

    -0.40%

  • Aus Stocks

    22 June 2021   Updated : 20:12   AEDT

    BHP (UK)

    2049.00

    +10.50

    0.52%

    Rio (UK)

    5855.00

    +63.00

    1.09%

    BHP (US)

    70.43

    +1.89

    2.76%

    Rio (US)

    82.09

    +1.05

    1.30%

    ResMed (US)

    239.52

    +2.08

    0.88%

    South32 (UK)

    153.00

    -0.60

    -0.39%

    James Hardie (US)

    34.92

    +0.46

    1.33%

    Telstra (US)

    13.55

    +0.18

    1.35%

    Janus Henderson (US)

    38.03

    +0.99

    2.67%

    Westpac (US)

    20.07

    +0.06

    0.30%

    Newcrest (CA)

    23.87

    -0.13

    -0.54%

    Click item/line to change chart

  • Spot Metals & Minerals

    22 June 2021   Updated : 07:36   AEDT

    Gold (oz)

    1783.40

    +19.60

    1.11%

    Silver (oz)

    25.94

    +0.15

    0.58%

    Copper (lb)

    4.1846

    0.00

    -0.02%

    Aluminium (lb)

    1.0934

    +0.01

    0.58%

    Lead (lb)

    0.9797

    +0.01

    1.07%

    Nickel (lb)

    7.8760

    +0.04

    0.46%

    Zinc (lb)

    1.2939

    0.00

    -0.02%

    Copper (t)

    9225.00

    -2.00

    -0.02%

    Aluminium (t)

    2411.00

    +14.00

    0.58%

    Lead (t)

    2160.00

    +23.00

    1.08%

    Nickel (t)

    17364.00

    +80.00

    0.46%

    Zinc (t)

    2853.00

    -1.00

    -0.04%

    Uranium (lb) weekly

    32.50

    +0.10

    0.31%

  • Commodities Futures

    22 June 2021   Updated : 07:36   AEDT

    West Texas Crude

    73.66

    +2.02

    2.82%

    Brent Crude

    74.93

    +1.42

    1.93%

    Iron Ore (t)

    206.55

    -10.75

    -4.95%

CALENDAR

Tuesday, 22 June 2021
US existing home sales, May
US Fed chair testimony to Congress
Wednesday, 23 June 2021
AU trade balance, May (preliminary)
US new home sales, May
XX global flash PMIs, Jun
PMV ex-div 34c (100%)
Thursday, 24 June 2021
AU financial accounts, Q1
EZ Germany IFO investor sentiment, Jun
UK BoE policy meeting
US durabe goods orders, May
US GDP, Q1 (revision)

ALL WEATHER STOCKS

Code Company Price
COL COLES GROUP LIMITED

$16.45

CSL CSL LIMITED

$300.52

REA REA GROUP LIMITED

$167.86

RMD RESMED INC

$32.01

TNE TECHNOLOGY ONE LIMITED

$8.98

WEEKLY PDF

Stories To Read From FNArena


WEEK 25

WEEK 24

WEEK 23

WEEK 22

WEEK 21

FNARENA TALKS

FNARENA WINDOWS

Window on RETAILING

As Panic Wanes What’s In Store For Retailing?

There were many positives generated for retailing by the pandemic. What could be short term and what could be longer-lasting impacts?

2:07 PM


Window on BUILDING PRODUCTS & SERVICES

Treasure Chest: Boral Sale Adds Complexity

FNArena’s Treasure Chest reports on money making ideas from stockbrokers and other experts.? Boral will sell its North American building products business, ex fly ash, adding complexity in the face of the offer from Seven Group

1:44 PM


Window on URANIUM

Uranium Week: Uranium Equities Fall On Reactor Fears

As the uranium spot price rises 14% over the last eight weeks, uranium shares tumble on concerns over a Chinese nuclear reactor

10:55 AM


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


FEATURE STORIES

Beyond Bitcoin: Ethereum and DeFi

In Part III of FNArena’s exploration of crypto currency, we examine the rise of Ethereum, and the implications of Ethereum’s far more extensive application capacity

Jun 21 2021


Bitcoin Versus Gold

May 31 2021