FINANCIAL NEWS

Treasure Chest: Upside On Offer For AFG

FNArena’s Treasure Chest reports on money making ideas from stockbrokers and other experts. Australian Finance Group is holding plenty of cash, which if used to acquire greater distribution could result in substantial share price upside, Morgans believes

12:17 PM


New Hope’s Cash Bank Spurs Speculation

What will New Hope Corp do with the cash that is flowing from surging thermal coal prices?

12:07 PM


Car Parks: The New Frontier

With commuters likely to continue to shy away from public transport even after lockdowns end, The New Criterion’s Tim Boreham highlights listed opportunities in the car park space.

11:00 AM


Australian Broker Call *Extra* Edition – Sep 22, 2021

Extra Edition of the Broker Call Report

10:33 AM


ESG Focus: Linked Finance The Next Big Thing – Part 5

The migration of big transitioners from use-of-proceeds and vanilla debt markets to SLBs is to begin in earnest so we check out transition SLBs along with the brown taxonomy, which deals with the tricky bond-principle demand of “do no harm”

10:00 AM


UBS rates AST as Neutral

UBS anticipates a very high bar for FIRB approval of the non-binding indicative cash offer of $2.50 (pre-interim div) for AusNet Services from Brookfield Asset Management.

Should the offer and the current takeover proposal for Spark Infrastructure Group ((SKI)) be approved, 100% of Victoria’s electricity distribution and transmission infrastructure would be foreign owned. The Neutral rating and $1.80 target price are unchanged.

Morgans rates NHC as Add

Stronger-than-expected thermal coal pricing drives upgrades to Morgans FY22-23 earnings (EBITDA) forecasts, after New Hope Corp reported FY21 results. Operating cashflow was a miss as abnormals linked to Acland’s ramp-down were underestimated.

Assuming no M&A or major investment in the near-term, the broker sees upside for both capital and shareholder returns. The target price rises to $2.61 from $2.08 and the Add rating is maintained.

Credit Suisse rates PMV as Neutral

Credit Suisse assesses the second half is likely to have been strong although the continuation of the restrictions across parts of NSW and Victoria present some downside risk to guidance provided in June. The broker uses FY23 to reflect more normal earnings estimates.

The broker suspects spring inventory is likely to provide the greater risk for retailers as some apparel stores will effectively miss an entire season of in-store trading. Neutral maintained. Target is reduced to $26.28 from $26.70.

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ANALYSIS & DATA

FNARENA'S MARKET CONSENSUS FORECASTS

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

SIG | SIGMA HEALTHCARE LIMITED

Abbreviated format - see the full version here


LAST PRICE CHANGE +/- CHANGE % VOLUME

$0.61

22 Sep
2021

0.000

OPEN

$0.60

0.000

HIGH

$0.61

1,134,093

LOW

$0.59

TARGET
$0.650 6.6% upside
Franking for last dividend paid out: 100%
FNARENA'S MARKET CONSENSUS FORECASTS
SIG: 1
Title FY20
Actual
FY21
Actual
FY22
Forecast
FY23
Forecast
EPS (cps) - 1.3 6.1 3.4 3.9
DPS (cps) 1.0 1.0 2.5 2.9
EPS Growth N/A N/A - 44.4% 17.1%
DPS Growth - 71.4% 0.0% 100.0% 13.6%
PE Ratio N/A N/A 18.1 15.5
Dividend Yield N/A N/A 4.1% 4.7%
Div Pay Ratio(%) N/A 16.5% 75.1% 72.9%

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DAILY FINANCIAL NEWS

Treasure Chest: Upside On Offer For AFG

FNArena’s Treasure Chest reports on money making ideas from stockbrokers and other experts. Australian Finance Group is holding plenty of cash, which if used to acquire greater distribution could result in substantial share price upside, Morgans believes

12:17 PM - Treasure Chest


What will New Hope Corp do with the cash that is flowing from surging thermal coal prices?

12:07 PM - Australia


The migration of big transitioners from use-of-proceeds and vanilla debt markets to SLBs is to begin in earnest so we check out transition SLBs along with the brown taxonomy, which deals with the tricky bond-principle demand of “do no harm”

10:00 AM - ESG Focus


A glance through the latest expert views and predictions about commodities: aluminium; base metal miners; large cap miners; and energy stocks

Sep 21 2021 - Commodities


More detail is being gleaned about the Bauna field where Karoon Energy appears set to become a scale oil producer with growth potential

Sep 21 2021 - Small Caps


Michael Gable of Fairmont Equities notes that while every round hundred level for the ASX200 offers support, as to which one will be the bottom is as yet unclear

Sep 21 2021 - Technicals


RUDI'S VIEWS

Rudi’s View: Appreciating The Mighty All-Weathers

In this week's Weekly Insights: -Appreciating The Mighty All-Weathers-Conviction Calls-Research To Download-FNArena Talks Appreciating The Mighty All-Weathers By Rudi Filapek-Vandyck,…

Sep 16 2021

DAILY MARKET REPORTS

Australian Broker Call *Extra* Edition – Sep 22, 2021

Extra Edition of the Broker Call Report

10:33 AM


The Overnight Report: Awaiting The Fed

After bouncing substantially from its intraday low late in Monday’s session, last night Wall Street closed flat ahead of tonight’s critical Fed statement. Dow down -40. (Available for non-subscribers after 10am)

8:58 AM


Today’s Financial Calendar – 22-09-2021

Significant Scheduled Events For 22 September, 2021

8:15 AM


The Overnight Report: China Syndrome

Markets have tumbled across the globe on the feared economic ripple effect of the collapse of China’s Evergrande. Dow down -614. (Available for non-subscribers after 10am)

Sep 21 2021


Today’s Financial Calendar – 21-09-2021

Significant Scheduled Events For 21 September, 2021

Sep 21 2021


The Monday Report – 20 September 2021

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

Sep 20 2021


Today’s Financial Calendar – 20-09-2021

Significant Scheduled Events For 20 September, 2021

Sep 20 2021


WEEKLY REPORTS

Car Parks: The New Frontier

With commuters likely to continue to shy away from public transport even after lockdowns end, The New Criterion’s Tim Boreham highlights listed opportunities in the car park space.

11:00 AM

Uranium Week: Prices Hit Nine Year High

As the weekly spot price hits a nine year high, industry consultant TradeTech expects further upward price pressure

Sep 21 2021

Australian Listed Real Estate Tables – 20-09-2021

Weekly property sector data

Sep 20 2021


Weekly Ratings, Targets, Forecast Changes – 17-09-21

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

Sep 20 2021

The Wrap: Global Rebound, Oz Telcos, Oz Property, Energy M&A

Weekly Broker Wrap: Patchy global recovery ahead, telcos tipped for special dividends, REIT upside realigns with fundamentals, Woodside to emerge as favoured MergeCo

Sep 17 2021

Weekly Top Ten News Stories – 17 September 2021

Our top ten news stories from 09 September 2021 to 16 September 2021

Sep 17 2021


Next Week At A Glance – 20-24 Sep 2021

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

Sep 17 2021

The Short Report – 16 Sep 2021

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

Sep 16 2021

The Danger Of Treating The Tech Sector As One Lump

The New Criterion’s Tim Boreham shares David Dicker’s views on WAAAX stock valuations and his approach to his Dicker Data business

Sep 15 2021


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THE MARKETS

    Click item/line to change chart

  • Australia

    22 September 2021   Updated : 15:42   AEDT

    SPI Overnight

    7225.00

    -14.00

    -0.19%

    All Ordinaries

    7615.70

    +52.60

    0.70%

    S&P ASX 200

    7318.40

    +44.60

    0.61%

    S&P ASX 300

    7320.50

    +45.90

    0.63%

    Consumer Discretionary

    3509.00

    +12.00

    0.34%

    Consumer Staples

    13454.60

    +17.10

    0.13%

    Energy

    7831.70

    +191.60

    2.51%

    Financials

    6532.70

    -19.40

    -0.30%

    Health Care

    47762.70

    +327.90

    0.69%

    Industrials

    6586.40

    -3.70

    -0.06%

    Info Technology

    2343.50

    +1.30

    0.06%

    Materials

    15215.10

    +321.30

    2.16%

    Telecommunication

    1557.00

    +15.80

    1.03%

    Utilities

    5927.30

    +31.20

    0.53%

  • Asia

    22 September 2021   Updated : 15:42   AEDT

    NZ50

    9214.870

    -42.310

    -0.460%

    Nikkei 225

    29735.60

    -104.11

    -0.35%

    Hang Seng

    24221.54

    +122.40

    0.51%

    Click item/line to change chart

  • Australasia

    22 September 2021   Updated : 15:42   AEDT

    AUD/USD

    0.7252

    0.00

    -0.32%

    AUD/NZD

    1.0335

    +0.00

    0.08%

    NZD/USD

    0.7017

    0.00

    -0.41%

    AUD/JPY

    79.43

    -0.29

    -0.36%

    SGD/AUD

    1.02

    +0.00

    0.27%

    AUD/EUR

    0.6186

    0.00

    -0.21%

    AUD/GBP

    0.5310

    0.00

    -0.08%

    AUDCAD

    0.9276

    0.00

    -0.09%

  • World

    22 September 2021   Updated : 15:42   AEDT

    CAD/USD

    0.7818

    0.00

    -0.26%

    EUR/JPY

    128.40

    -0.19

    -0.14%

    EUR/USD

    1.1724

    0.00

    -0.11%

    GBP/USD

    1.3657

    0.00

    -0.26%

    USD/JPY

    109.52

    -0.04

    -0.03%

    Click item/line to change chart

  • World

    22 September 2021   Updated : 15:42   AEDT

    FTSE100

    6980.98

    +77.07

    1.12%

    DAX30

    15348.53

    +216.47

    1.43%

    DJIA

    33919.84

    -50.63

    -0.15%

    S&P500

    4354.19

    -3.54

    -0.08%

    Nasdaq Comp

    14746.40

    +32.49

    0.22%

    S&P500 VIX

    24.36

    -1.35

    -5.25%

    US 10-year yield

    1.324

    +0.015

    1.150%

    USD Index

    93.20

    -0.05

    -0.05%

  • Aus Stocks

    22 September 2021   Updated : 15:42   AEDT

    BHP (UK)

    1851.80

    +8.00

    0.43%

    Rio (UK)

    4805.00

    +91.00

    1.93%

    BHP (US)

    54.54

    +0.50

    0.93%

    Rio (US)

    65.37

    -0.70

    -1.06%

    ResMed (US)

    288.23

    +4.00

    1.41%

    South32 (UK)

    174.80

    +2.60

    1.51%

    James Hardie (US)

    38.50

    +0.55

    1.45%

    Telstra (US)

    14.32

    +0.31

    2.21%

    Janus Henderson (US)

    40.76

    +0.08

    0.20%

    Westpac (US)

    18.31

    +0.22

    1.22%

    Newcrest (CA)

    21.91

    0.00

    0.00%

    Click item/line to change chart

  • Spot Metals & Minerals

    22 September 2021   Updated : 07:37   AEDT

    Gold (oz)

    1774.10

    +10.10

    0.57%

    Silver (oz)

    22.47

    +0.22

    0.99%

    Copper (lb)

    4.1477

    +0.02

    0.57%

    Aluminium (lb)

    1.2979

    +0.00

    0.11%

    Lead (lb)

    0.9823

    -0.01

    -0.56%

    Nickel (lb)

    8.6553

    -0.06

    -0.69%

    Zinc (lb)

    1.3638

    -0.01

    -0.55%

    Copper (t)

    9144.00

    +52.00

    0.57%

    Aluminium (t)

    2861.00

    +3.00

    0.10%

    Lead (t)

    2166.00

    -12.00

    -0.55%

    Nickel (t)

    19082.00

    -133.00

    -0.69%

    Zinc (t)

    3007.00

    -17.00

    -0.56%

    Uranium (lb) weekly

    50.50

    +8.00

    18.82%

  • Commodities Futures

    22 September 2021   Updated : 07:37   AEDT

    West Texas Crude

    70.56

    +0.27

    0.38%

    Brent Crude

    74.74

    +0.61

    0.82%

    Iron Ore (t)

    94.00

    0.00

    0.00%

CALENDAR

Wednesday, 22 September 2021
JP BoJ policy meeting
US existing home sales, Aug
US Fed policy meeting
ABC ex-div 5.5c (100%)
AGL AGM
Thursday, 23 September 2021
JP markets closed
UK BoE policy meeting
XX global flash PMIs, Sep
APE ex-div 28.4c (100%)
BKW earnings result
CAJ ex-div 0.5c (100%)
COH ex-div 140c (0%)

ALL WEATHER STOCKS

Code Company Price
COL COLES GROUP LIMITED

$17.04

CSL CSL LIMITED

$312.19

REA REA GROUP LIMITED

$165.23

RMD RESMED INC

$39.72

TNE TECHNOLOGY ONE LIMITED

$11.61

WEEKLY PDF

Stories To Read From FNArena


WEEK 38

WEEK 37

WEEK 36

WEEK 35

WEEK 34

FNARENA TALKS

FNARENA WINDOWS

Window on BANKS

Treasure Chest: Upside On Offer For AFG

FNArena’s Treasure Chest reports on money making ideas from stockbrokers and other experts. Australian Finance Group is holding plenty of cash, which if used to acquire greater distribution could result in substantial share price upside, Morgans believes

12:17 PM


Window on COAL

New Hope’s Cash Bank Spurs Speculation

What will New Hope Corp do with the cash that is flowing from surging thermal coal prices?

12:07 PM


Window on AUTOMOBILES & COMPONENTS

Car Parks: The New Frontier

With commuters likely to continue to shy away from public transport even after lockdowns end, The New Criterion’s Tim Boreham highlights listed opportunities in the car park space.

11:00 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


FEATURE STORIES

August 2021 Result Season: The Wrap

After a blow-away February result season this year, the August result season proved to be only average, and still we’re at covid’s mercy

Sep 08 2021


Bitcoin Versus Gold

May 31 2021