FINANCIAL NEWS
FNArena Corporate Results Monitor
FNArena’s Monitor keeps track of corporate earnings result releases, including broker views, ratings and target price changes and beat/miss assessments.
Mar 25 2019
Gwalia Setback Unlikely To Hamper St Barbara
St Barbara has encountered a setback in its feasibility study for the mass extraction project at Gwalia, resulting in a reduction to production guidance amid higher costs.
Mar 25 2019
Bunnings Expansion Not Without Risk
Wesfarmers intends to expand categories and online offerings at Bunnings although brokers point out the opportunities are not without risk.
Mar 25 2019
ASX200: Pivotal Week
Craig Parker of Moat Capital remains short term positive on the ASX200, depending on what happens early this week.
Mar 25 2019
Weekly Ratings, Targets, Forecast Changes
Weekly update on stockbroker recommendation, target price, and earnings forecast changes.
Mar 25 2019
Credit Suisse rates ALL as Outperform
Credit Suisse believes the main engine of earnings growth over the next 18 months is likely to be North America's land-based gaming business. The company's recurring revenue business may also capture improved yield.
The broker models 2.6% yield growth in 2019. However, Credit Suisse sounds a note of caution in that, in some segments, Aristocrat Leisure is establishing competitive revenue sharing arrangements with casinos to gain market share.
Outperform rating maintained. Target is $30.
Macquarie rates PMV as Outperform
First half results were solid, in Macquarie's view. The global growth strategy for Smiggle continues to evolve as the company is targeting significant wholesale and online expansion.
The broker finds the logic behind the strategy sound and expects this to underpin growth in the medium to longer term. Nevertheless, similar to the first half, this is likely to temper near-term growth as the strategy is put in place.
In sum, Premier Investments is executing well in soft market conditions, the broker observes. Outperform rating maintained. Target is reduced to $19.20 from $20.90.
Morgans rates REA as Add
New for-sale listings in Australian capital cities continue to slide, which will result in lower depth listings in the second half. This leads the broker to downgrade REA earnings forecasts ahead of an expected recovery later in the calendar year.
The broker's target price remains unchanged at $89.57 following a 20% increase in the modelled valuation of Move Inc, owner of a property portal in the US. Add rating also unchanged.
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ANALYSIS & DATA
MARKET CONSENSUS FORECAST
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PMV | PREMIER INVESTMENTS LIMITED
Abbreviated format - see the full version here
| LAST PRICE | CHANGE +/- | CHANGE % | VOLUME |
|---|---|---|---|
|
$15.80 25 Mar |
OPEN $15.51 |
HIGH $15.91 |
744,890 LOW $15.11 |
-0.600| TARGET | |||
| $18.298 15.8% upside | |||
| Franking for last dividend paid out: 100% |
| Title | FY17 Actual |
FY18 Actual |
FY19 Forecast |
FY20 Forecast |
|---|---|---|---|---|
| EPS (cps) | 66.8 | 53.0 | 81.2 | 91.4 |
| DPS (cps) | 53.0 | 62.0 | 67.9 | 76.6 |
| EPS Growth | 0.8% | - 20.7% | 53.3% | 12.5% |
| DPS Growth | 10.4% | 17.0% | 9.4% | 12.9% |
| PE Ratio | N/A | N/A | 19.5 | 17.3 |
| Dividend Yield | N/A | N/A | 4.3% | 4.8% |
| Div Pay Ratio(%) | 79.4% | 117.0% | 83.6% | 83.9% |
DAILY FINANCIAL NEWS
FNArena Corporate Results Monitor
FNArena’s Monitor keeps track of corporate earnings result releases, including broker views, ratings and target price changes and beat/miss assessments.
Mar 25 2019 - Australia
St Barbara has encountered a setback in its feasibility study for the mass extraction project at Gwalia, resulting in a reduction to production guidance amid higher costs.
Mar 25 2019 - Australia
Wesfarmers intends to expand categories and online offerings at Bunnings although brokers point out the opportunities are not without risk.
Mar 25 2019 - Australia
Craig Parker of Moat Capital remains short term positive on the ASX200, depending on what happens early this week.
Mar 25 2019 - Technicals
A daring RBA has made the case for treating climate change as a long term trend change, irrespective of the political climate in Australia.
Mar 22 2019 - ESG Focus
Adverse seasonal conditions, supply issues and glyphosate safety concerns plagued Nufarm in the first half and continue to affect the company’s outlook.
Mar 21 2019 - Australia
RUDI'S VIEWS
Rudi’s View: Banks, Cimic, Coles, And PWR Group
In this week's Weekly Insights (this is Part Two): -Central Banks Keep The Worries Away –BC *Extra* Puts Small Caps…
Mar 22 2019
DAILY MARKET REPORTS
The Monday Report
Wrap of events affecting the market on Friday night and the weekend and a preview of the week ahead.
Mar 25 2019
The Overnight Report: Cheers For The Fed
Wall Street has decided the Fed’s about-face is a good thing while Apple stole the spotlight last night. Dow up 216.
Mar 22 2019
The Overnight Report: Release The Doves
The Fed did not hike last night, and won’t, apparently, this year. Dow down -141.
Mar 21 2019
The Overnight Report: Trading Blows
Contradictory signals on trade deal progress saw Wall Street turn another solid gain into an ultimate loss last night. Dow down -26.
Mar 20 2019
WEEKLY REPORTS
Weekly Ratings, Targets, Forecast Changes
Weekly update on stockbroker recommendation, target price, and earnings forecast changes.
Mar 25 2019
Weekly Top Ten News Stories
Our top ten news stories from 14 March 2019 to 21 March 2019
Mar 22 2019
The Wrap: Insurers, Telcos, Asset Managers
Weekly Broker Wrap: supermarkets; general insurance; health insurance; telcos; asset managers; and industrial earnings.
Mar 22 2019
Next Week At A Glance
A brief look at important company events and economic data releases next week.
Mar 22 2019
Australian Corporate Bond Price Tables
FNArena provides a weekly update of Australian listed corporate bond issues, current pricing and yield data.
Mar 21 2019
The Short Report
FNArena’s weekly update on short positions in the Australian share market.
Mar 21 2019
Share Buybacks – Who’s Doing It?
Weekly Update on ASX-listed companies buying in their own stock.
Mar 20 2019
Uranium Week: Lacking Buyers
The spot uranium price continues to fall as US utilities remain out of the market.
Mar 19 2019
Weekly Ratings, Targets, Forecast Changes
Weekly update on stockbroker recommendation, target price, and earnings forecast changes.
Mar 18 2019
THE MARKETS
-
Asia
25 March 2019 Updated : 20:12 AEDT
NZ50
9214.870
-42.310
-0.460%
Nikkei 225
20977.11
-650.23
-3.01%
Hang Seng
28523.35
-590.01
-2.03%
-
World
25 March 2019 Updated : 20:12 AEDT
CAD/USD
0.7459
0.00
-0.35%
EUR/JPY
124.74
-0.29
-0.23%
EUR/USD
1.1321
+0.00
0.09%
GBP/USD
1.3213
+0.01
0.74%
USD/JPY
110.19
-0.35
-0.32%
-
Aus Stocks
25 March 2019 Updated : 20:12 AEDT
BHP (UK)
1573.00
0.00
0.00%
Rio (UK)
4232.50
+1.50
0.04%
BHP (US)
52.25
-1.44
-2.68%
Rio (US)
56.14
-0.70
-1.23%
ResMed (US)
100.14
-0.83
-0.82%
South32 (UK)
201.20
-3.20
-1.57%
James Hardie (US)
12.66
0.00
0.00%
Telstra (US)
11.57
-0.14
-1.20%
Westpac (US)
18.59
-0.19
-1.01%
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CALENDAR
Tuesday, 26 March 2019
NZ trade balance, Feb US Case-Shiller house prices, Jan US Chicago Fed national activity index, Feb US Conference Board consumer confidence, Mar US FHFA house prices, Jan US housing starts, Feb US Richmond Fed mfg index, Mar EPW ex-div 7.5c (100%) KDR earnings result PEA ex-div 1c (100%) SSG ex-div 2c (80%) Wednesday, 27 March 2019
NZ RBNZ policy meeting ALL WEATHER STOCKS
Code Company Price AMC AMCOR LIMITED 
$15.21
ARB ARB CORPORATION LIMITED 
$17.23
CSL CSL LIMITED
$195.30
REA REA GROUP LIMITED
$74.64
RMD RESMED INC
$14.10
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FNARENA TALKS
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FNARENA WINDOWS
Window on GOLD & SILVER
Gwalia Setback Unlikely To Hamper St Barbara
St Barbara has encountered a setback in its feasibility study for the mass extraction project at Gwalia, resulting in a reduction to production guidance amid higher costs.
Mar 25 2019
Window on CONSUMER PRODUCTS & SERVICES
Bunnings Expansion Not Without Risk
Wesfarmers intends to expand categories and online offerings at Bunnings although brokers point out the opportunities are not without risk.
Mar 25 2019
Window on AGRICULTURE
Season, Supply, Safety Issues Plague Nufarm
Adverse seasonal conditions, supply issues and glyphosate safety concerns plagued Nufarm in the first half and continue to affect the company’s outlook.
Mar 21 2019
SMSFUNDAMENTALS
SMSFundamentals: Passive And ESG Investment On The Rise
Exchange traded fund manager BetaShares observes a shift in investor preference towards passive investment strategies and a growing demand for ESG-based alternatives.
Mar 12 2019