FINANCIAL NEWS
Crafting Opportunities One Chug At A Time
The New Criterion’s Tim Boreham advises investors to look beyond mainstream beer and towards a craft beer market offering higher margins
11:57 AM
Bank Outperformance Ends, But Fear Not
Banks no longer offer deep value, but despite headwinds brokers expect the sector to benefit from a broader economic recovery
11:32 AM
ASX200: Broken Free
Michael Gable of Fairmont Equities suggests that while a pullback towards 6800 is not unreasonable, the ASX200 is in an upward trend
10:56 AM
Uranium Week: Cameco Plans Mine Restart
As the uranium price rise of recent weeks takes a breather, Cameco plans to restart production at the Cigar Lake mine
10:28 AM
Magellan Becalmed
Soft flows continue to weigh on Magellan Financial Group and there is limited scope for a re-rating over the near term
10:00 AM
Morgan Stanley rates 3PL as Overweight
3P Learning intends to merge with Blake eLearning. Morgan Stanley sees a sound basis for the transaction in terms of scale, product mix, customer mix and the potential for meaningful revenue and cost synergies.
The broker also sees scope for greater long-term relevance of 3P Learning stock for investors
On the flip side, the broker notes Blake seems to be cycling a period of accelerated covid sign-up. While acknowledging higher churn and a flatter near-term growth profile to be a logical outcome, Morgan Stanley does not have a clear view on Blake's margin profile.
The broker maintains its Overweight rating with the target price rising to $1.60 from $1.50. Industry view: In-line.
Macquarie rates BSL as Outperform
Macquarie upgrades earnings estimates in the second half to $919.4m. The broker reviews its investment thesis, finding favourable market dynamics are offering demand and pricing support.
A consolidating global steel industry, high utilisation and strong demand have combined to underpin a rally in steel prices.
While acknowledging the risks associated with the rollover of steel prices/spreads, the broker envisages strong earnings momentum can continue. Outperform retained. Target is raised to $23.50 from $21.65.
Morgans rates WEB as Hold
Due to dilutionary impacts, Morgans is surprised the company has raised capital for the third time since covid-19 began. However, the broker continues to see the stock as fair valued and retains the Hold rating and $4.92 price target.
The company has raised $250m through convertible notes to pay down term debt, fund the cash payment associated with the previous notes conversion and for general corporate purposes and growth.
The analyst explains benefits from the new notes include reducing refinancing risk, a lowering of the liquidity covenant, further strengthening of the balance sheet by around $169m and a lowering of the interest rate (reduces interest expense by -$2.2m).
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ANALYSIS & DATA
MARKET CONSENSUS FORECAST
To display the stock analysis for a company please enter the company code:
RIO | RIO TINTO LIMITED
Abbreviated format - see the full version here
| LAST PRICE | CHANGE +/- | CHANGE % | VOLUME |
|---|---|---|---|
|
$114.88 12 Apr |
OPEN $114.87 |
HIGH $116.34 |
895,475 LOW $114.50 |
-0.620| TARGET | |||
| $124.214 8.1% upside | |||
| Franking for last dividend paid out: 100% |
| Title | FY21 Forecast |
FY22 Forecast |
|---|---|---|
| EPS (cps) | 1606.9 | xxx |
| DPS (cps) | 1182.7 | xxx |
| EPS Growth | N/A | xxx |
| DPS Growth | N/A | xxx |
| PE Ratio | 7.1 | xxx |
| Dividend Yield | 10.4% | xxx |
| Div Pay Ratio(%) | 73.6% | xxx |
DAILY FINANCIAL NEWS
Bank Outperformance Ends, But Fear Not
Banks no longer offer deep value, but despite headwinds brokers expect the sector to benefit from a broader economic recovery
11:32 AM - Australia
Michael Gable of Fairmont Equities suggests that while a pullback towards 6800 is not unreasonable, the ASX200 is in an upward trend
10:56 AM - Technicals
Soft flows continue to weigh on Magellan Financial Group and there is limited scope for a re-rating over the near term
10:00 AM - Australia
A glance through the latest expert views and predictions about commodities
Apr 12 2021 - Commodities
In a further move to diversify its earnings streams, EML Payments is expanding into open banking
Apr 12 2021 - Australia
SPONSORED: Latin Resources has announced the majority of the test-work results from the Noombenberry Halloysite-Kaolin Project have now been received
Apr 09 2021 - FYI
PR NEWSWIRE
Pengana Capital Group to host 9-part investment webinar series across it’s diverse range of specialities
7:00 AM - PR NewsWire
Island Pharmaceuticals Limited to list on the ASX today following oversubscribed A$7.5m IPO
6:00 AM - PR NewsWire
Appian appoints Richard Johnson as Global Head of Investor Relations
Apr 12 2021 - PR NewsWire
EcoVadis Platinum Sustainability Awarded to Down Under Enterprises
Apr 12 2021 - PR NewsWire
TTC Becomes First Approved Supplier of Accessibility Services for Both Australian & New Zealand Digital Marketplaces
Apr 12 2021 - PR NewsWire
Bionomics Successfully Completes A$22.9 million Equity Raise
Apr 09 2021 - PR NewsWire
RUDI'S VIEWS
Rudi’s View: Telstra, CSL, Xero & Charter Hall
In today's update: -The Iron Ore Riddle Solved-Not Giving Up On Technology-Morgans: Be Active, Take Advantage-The Dividend Disconnect-Canaccord's Model Portfolios-FNArena…
Apr 09 2021
DAILY MARKET REPORTS
The Overnight Report: Awaiting Earnings
Having reached new highs, Wall Street appears now to be on hold for the kick-off of earnings season tomorrow night. Dow down -55. (Available for non-subscribers after 10am)
9:07 AM
Australian Broker Call *Extra* Edition – Apr 12, 2021
Extra Edition of the Broker Call Report
Apr 12 2021
The Monday Report – 12 April 2021
Wrap of events affecting the market on Friday night and the weekend and a preview of the week ahead
Apr 12 2021
The Overnight Report: Keep On Running
Wall Street was back in rally mode last night, led by Big Tech. Dow up 57. (Available for non-subscribers after 10am)
Apr 09 2021
WEEKLY REPORTS
Crafting Opportunities One Chug At A Time
The New Criterion’s Tim Boreham advises investors to look beyond mainstream beer and towards a craft beer market offering higher margins
11:57 AM
Uranium Week: Cameco Plans Mine Restart
As the uranium price rise of recent weeks takes a breather, Cameco plans to restart production at the Cigar Lake mine
10:28 AM
Australian Listed Real Estate Tables – 12-04-2021
FNArena provides a weekly update of Australian listed real estate trusts (REIT) and property developers, current pricing yield and valuation data
Apr 12 2021
Weekly Ratings, Targets, Forecast Changes – 09-04-21
Weekly update on stockbroker recommendation, target price, and earnings forecast changes
Apr 12 2021
Weekly Top Ten News Stories – 9 April 2021
Our top ten news stories from 01 April 2021 to 08 April 2021
Apr 09 2021
Next Week At A Glance – 12-16 Apr 2021
A brief look at important company events and economic data releases next week
Apr 09 2021
The Wrap: Strong Housing, Ag Prospects, Trans-Tasman Travel
Weekly Broker Wrap: Housing rebound; travel bubble; listed property; Woolworths gains, ag investments
Apr 09 2021
The Short Report – 08 Apr 2021
FNArena’s weekly update on short positions in the Australian share market
Apr 08 2021
Uranium Week: Uranium Price Rise Forecast
As the uranium prices continue to rally, Morgan Stanley expects inventories to diminish and prices to trend higher
Apr 07 2021
THE MARKETS
-
Asia
13 April 2021 Updated : 14:12 AEDT
NZ50
9214.870
-42.310
-0.460%
Nikkei 225
29858.60
+319.87
1.08%
Hang Seng
28727.53
+274.25
0.96%
-
World
13 April 2021 Updated : 14:12 AEDT
CAD/USD
0.7950
0.00
-0.26%
EUR/JPY
130.44
+0.29
0.23%
EUR/USD
1.1889
0.00
-0.13%
GBP/USD
1.3731
0.00
-0.09%
USD/JPY
109.72
+0.40
0.37%
-
Aus Stocks
13 April 2021 Updated : 14:12 AEDT
BHP (UK)
2118.00
-32.00
-1.49%
Rio (UK)
5645.00
-18.00
-0.32%
BHP (US)
70.02
-0.71
-1.00%
Rio (US)
78.95
-0.38
-0.48%
ResMed (US)
201.74
+2.60
1.31%
South32 (UK)
159.00
-1.60
-1.00%
James Hardie (US)
31.97
-0.87
-2.65%
Telstra (US)
13.25
+0.22
1.69%
Janus Henderson (US)
32.59
+0.20
0.62%
Westpac (US)
19.36
+0.08
0.41%
Newcrest (CA)
24.57
0.00
0.00%
Click item/line to change chart
Click item/line to change chart
CALENDAR
Tuesday, 13 April 2021
AU NAB business confidence, Mar CH trade balance, Mar US CPI, Mar Wednesday, 14 April 2021
NZ RBNZ policy meeting AU dwelling commencements, Q4 AU Westpac consumer confidence, Apr EZ industrial production, Feb US Fed Beige Book CIM AGM HPI AGM Thursday, 15 April 2021
AU unemployment, Mar ALL WEATHER STOCKS
Code Company Price COL COLES GROUP LIMITED $15.76
CSL CSL LIMITED 
$264.56
REA REA GROUP LIMITED 
$152.96
RMD RESMED INC
$26.52
TNE TECHNOLOGYONE LIMITED
$9.73
WEEKLY PDF
Stories To Read From FNArena
WEEK 15
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FNARENA TALKS
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FNARENA WINDOWS
Window on FOOD, BEVERAGES & TOBACCO
Crafting Opportunities One Chug At A Time
The New Criterion’s Tim Boreham advises investors to look beyond mainstream beer and towards a craft beer market offering higher margins
11:57 AM
Window on BANKS
Bank Outperformance Ends, But Fear Not
Banks no longer offer deep value, but despite headwinds brokers expect the sector to benefit from a broader economic recovery
11:32 AM
Window on URANIUM
Uranium Week: Cameco Plans Mine Restart
As the uranium price rise of recent weeks takes a breather, Cameco plans to restart production at the Cigar Lake mine
10:28 AM
SMSFUNDAMENTALS
SMSFundamentals: What’s The Minimum Required To Run Your SMSF?
SMSFundamentals is an ongoing feature series dedicated to providing SMSF trustees with valuable news, investment ideas and services, in line…
Nov 26 2020