FINANCIAL NEWS
Saracen Stock Price Overgilded?
Record gold production was a highlight for Saracen Mineral Holdings in the December quarter, although several brokers consider the stock overpriced.
1:39 PM
The Real Price Of LNG
Ahead of the Herd’s Rick Mills shares the experience of his native British Columbia in outlining the unspoken dangers of liquefied natural gas production.
12:41 PM
Sims Metal Immersed In Volatile Market
Market volatility and increased competitor activity have once again driven Sims Metal to downgrade expectations. Most brokers, while disappointed, still favour the longer-term outlook.
12:06 PM
S&P500: Consolidation Ahead
Michael Gable of Fairmont Equities suggests that having retraced 50% of its prior loss, the S&P500 should now enter a period of consolidation.
10:41 AM
Uranium Week: No Show
Uranium market participants were left frustrated last week when US government officials failed to provide a section 232 update.
10:00 AM
Citi rates BXB as Upgrade to Buy from Neutral
Citi observes the share price has been pressured in recent years by the decline in earnings for the CHEP Americas business. These headwinds are expected to fade in the second half and lead to double-digit earnings growth from FY20.
The broker upgrades to Buy from Neutral and lifts the target to $12.10 from $11.00. Citi now forecasts underlying margins to decline by -190 basis points for the CHEP Americas division in the first half, affected by cost inflation and the timing of costs recovery strategies.
Morgan Stanley rates MPL as Underweight
Morgan Stanley suspects a 2% cap on premium increases in 2020 and 2021 is a most likely outcome for private health insurers. Private health has emerged as a key policy debate in the upcoming federal election.
The broker suspects the industry will underperform again in 2019, despite multiples de-rating to substantially below historical averages.
Regulated profit pools make up around 90% of Medibank Private's earnings and, the broker notes, the ADF contract loss is a major blow to the company's ambitions to double non-insurance earnings.
Target is reduced to $2.15 from $2.30. Underweight rating maintained. Industry view: In-Line.
Macquarie rates SAR as Outperform
The company produced 88,800 ounces of gold in the December quarter, beating Macquarie's estimates by 5%. Grades at Carosue Dam were a highlight.
The strong outcome has prompted the company to lift production guidance to 345-365,000 ounces, while exploration results to date have led to accelerated expenditure over the remainder of FY19.
Macquarie maintains an Outperform rating and raises the target to $3.30 from $3.20.
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ANALYSIS & DATA
MARKET CONSENSUS FORECAST
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SGM | SIMS METAL MANAGEMENT LIMITED
Abbreviated format - see the full version here
| LAST PRICE | CHANGE +/- | CHANGE % | VOLUME |
|---|---|---|---|
|
$9.20 22 Jan |
OPEN $9.05 |
HIGH $9.24 |
2,151,680 LOW $8.91 |
0.010| TARGET | |||
| $12.150 32.1% upside | |||
| Franking for last dividend paid out: 100% |
| Title | FY17 Actual |
FY18 Actual |
FY19 Forecast |
FY20 Forecast |
|---|---|---|---|---|
| EPS (cps) | 103.0 | 108.2 | 81.4 | 89.2 |
| DPS (cps) | 40.0 | 53.0 | 41.1 | 45.5 |
| EPS Growth | N/A | 5.0% | - 24.8% | 9.6% |
| DPS Growth | 81.8% | 32.5% | - 22.4% | 10.6% |
| PE Ratio | N/A | N/A | 11.3 | 10.3 |
| Dividend Yield | N/A | N/A | 4.5% | 4.9% |
| Div Pay Ratio(%) | 38.8% | 49.0% | 50.5% | 51.0% |
DAILY FINANCIAL NEWS
Saracen Stock Price Overgilded?
Record gold production was a highlight for Saracen Mineral Holdings in the December quarter, although several brokers consider the stock overpriced.
1:39 PM - Australia
Ahead of the Herd’s Rick Mills shares the experience of his native British Columbia in outlining the unspoken dangers of liquefied natural gas production.
12:41 PM - ESG Focus
Market volatility and increased competitor activity have once again driven Sims Metal to downgrade expectations. Most brokers, while disappointed, still favour the longer-term outlook.
12:06 PM - Australia
Michael Gable of Fairmont Equities suggests that having retraced 50% of its prior loss, the S&P500 should now enter a period of consolidation.
10:41 AM - Technicals
Broker views centre on how Rio Tinto will carve up the cash pie stemming from asset divestments, as revenue continues to benefit from strong commodity prices.
Jan 21 2019 - Australia
Gold has found a solid footing, as several features in the global environment combine, and this underpins a strong revenue outlook for gold stocks.
Jan 21 2019 - Australia
RUDI'S VIEWS
Rudi’s View: Join The CSL Challenge
It’s the beginning of a new calendar year and FNArena Editor Rudi Filapek-Vandyck throws his gauntlet into the public arena: who dares to take up the CSL Challenge?
Jan 14 2019
DAILY MARKET REPORTS
The Overnight Report: Having A Dream
With Wall Street closed for Martin Luther King Jr Day, Trump has offered concessions to the “dreamers” as a trade-off for his Wall. The Democrats are not expected to budge.
9:18 AM
The Monday Report
Wrap of events affecting the market on Friday night and the weekend and a preview of the week ahead.
Jan 21 2019
WEEKLY REPORTS
Uranium Week: No Show
Uranium market participants were left frustrated last week when US government officials failed to provide a section 232 update.
10:00 AM
Australian Listed Real Estate Tables
FNArena provides a weekly update of Australian listed real estate trusts (REIT) and property developers, current pricing yield and valuation data.
Jan 21 2019
Weekly Ratings, Targets, Forecast Changes
Weekly update on stockbroker recommendation, target price, and earnings forecast changes.
Jan 21 2019
The Wrap: Building, Media, Consumers & EVs
Weekly Broker Wrap: Oz infrastructure; building materials; media; consumer; property; and electric vehicles.
Jan 18 2019
Weekly Top Ten News Stories
Our top ten news stories from 10 January 2019 to 17 January 2019
Jan 18 2019
Next Week At A Glance
A brief look at important company events and economic data releases next week.
Jan 18 2019
Share Buybacks – Who’s Doing It?
Weekly Update on ASX-listed companies buying in their own stock.
Jan 16 2019
Weekly Ratings, Targets, Forecast Changes
Weekly update on stockbroker recommendation, target price, and earnings forecast changes.
Jan 14 2019
Weekly Top Ten News Stories
Our top ten news stories from 13 December 2018 to 20 December 2018
Dec 21 2018
THE MARKETS
-
Asia
22 January 2019 Updated : 14:12 AEDT
NZ50
9214.870
-42.310
-0.460%
Nikkei 225
20711.93
-7.40
-0.04%
Hang Seng
27067.81
-128.73
-0.47%
-
World
22 January 2019 Updated : 14:12 AEDT
CAD/USD
0.7518
0.00
-0.19%
EUR/JPY
124.63
-0.02
-0.01%
EUR/USD
1.1368
0.00
-0.06%
GBP/USD
1.2888
+0.00
0.33%
USD/JPY
109.63
+0.04
0.04%
-
Aus Stocks
22 January 2019 Updated : 14:12 AEDT
BHP (UK)
1573.00
0.00
0.00%
Rio (UK)
3931.00
+6.00
0.15%
BHP (US)
48.04
-
-
Rio (US)
51.64
-
-
ResMed (US)
117.84
-
-
South32 (UK)
187.50
-3.30
-1.73%
James Hardie (US)
10.99
-
-
Telstra (US)
10.49
-
-
Westpac (US)
18.94
-
-
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CALENDAR
Tuesday, 22 January 2019
NZ services PMI, Dec EZ ZEW investor sentiment, Jan UK unemployment, Nov US existing home sales, Dec BHP quarterly production report LYC quarterly production report MIR ex-div 13.5c (100%) MLX EGM OSH quarterly production report PRU quarterly production report Wednesday, 23 January 2019
NZ CPI, Q4 JP BoJ policy meeting ALL WEATHER STOCKS
Code Company Price AMC AMCOR LIMITED 
$13.48
ARB ARB CORPORATION LIMITED
$16.16
CSL CSL LIMITED
$196.12
REA REA GROUP LIMITED 
$76.80
RMD RESMED INC
$16.50
WEEKLY PDF
Stories To Read From FNArena
WEEK 3
WEEK 50
WEEK 49
WEEK 48
WEEK 47
FNARENA TALKS
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FNARENA WINDOWS
Window on GOLD & SILVER
Saracen Stock Price Overgilded?
Record gold production was a highlight for Saracen Mineral Holdings in the December quarter, although several brokers consider the stock overpriced.
1:39 PM
Window on NATGAS
The Real Price Of LNG
Ahead of the Herd’s Rick Mills shares the experience of his native British Columbia in outlining the unspoken dangers of liquefied natural gas production.
12:41 PM
Window on STEEL & SCRAP
Sims Metal Immersed In Volatile Market
Market volatility and increased competitor activity have once again driven Sims Metal to downgrade expectations. Most brokers, while disappointed, still favour the longer-term outlook.
12:06 PM
SMSFUNDAMENTALS
SMSFundamentals: Is Your Super Adequate?
Research from Roy Morgan shows Australians’ level of super contribution is dropping, leading to a risk of insufficient retirement funding.
Nov 21 2018