FINANCIAL NEWS

All The Dope On Emerald Clinics’ Limp Debut

The New Criterion’s Tim Boreham investigates local opportunities in listed cannabis companies.

Feb 21 2020


FNArena Corporate Results Monitor – 21-02-2020

FNArena’s Monitor keeps track of corporate earnings result releases, including broker views, ratings and target price changes and beat/miss assessments.

Feb 21 2020


Weekly Top Ten News Stories – 21 February 2020

Our top ten news stories from 13 February 2020 to 20 February 2020

Feb 21 2020


Next Week At A Glance – 24-28 Feb 2020

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

Feb 21 2020


SPONSORED: Vulcan Makes Zero Carbon Transportation Possible

A global shift in capital allocations is underway. Trillions of dollars are flowing into sustainable or green investments, as the, ‘environmental, social and governance’ (ESG) sector shakes off its image as simply a feel-good investment class.

Feb 21 2020


Citi rates AX1 as Downgrade to Neutral from Buy

One day after lauding Accent Group's operational excellence, Citi analysts have decided it's time to downgrade to Neutral from Buy. The move has been inspird by the share price rally, in combination with potential downside from the coronavirus spreading.

Earnings estimates have been increased, with the price target lifting to $2.04 from $1.95. Citi maintains the view this is one of the most innovative retailers under coverage.

Credit Suisse rates SUL as Neutral

Credit Suisse suspects investor debates will be heightened after the results, with rising costs countering strong growth in sales revenue and resulting in a flat profit outcome from the automotive and sports divisions.

The main issue is whether the company can contain costs growth and leverage the strong top-line into profit. Credit Suisse is not entirely comfortable about the outcome but, on balance, forecasts accelerating profit growth in FY21.

Neutral maintained. Target rises to $9.94 from $9.46.

UBS rates SYD as Neutral

Sydney Airport's result was in line, with earnings up 4% on flat traffic and cash flow up 6% on a flat interest cost. The company deviated from standard practice nonetheless by not issuing FY distibution guidance, due to the as yet unkown impact of the virus.

UBS has cut its traffic and cashflow forecasts.

But the broker, too, admits the numbers are just a guess. Management pointed out SARS resulted in a -15-20% fall in traffic and February to date is tracking at -5-10%. Neutral and $8.50 target retained with a caveat of uncertainty.

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ANALYSIS & DATA

MARKET CONSENSUS FORECAST

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

SFR | SANDFIRE RESOURCES NL

Abbreviated format - see the full version here


LAST PRICE CHANGE +/- CHANGE % VOLUME

$4.90

21 Feb
2020

-0.330

OPEN

$5.18

-6.31%

HIGH

$5.18

1,659,349

LOW

$4.90

TARGET
$6.250 27.6% upside
Franking for last dividend paid out: 100%
MARKET CONSENSUS FORECAST
SFR: 1
Title FY18
Actual
FY19
Actual
FY20
Forecast
FY21
Forecast
EPS (cps) 77.9 65.2 59.1 87.6
DPS (cps) 27.0 23.0 19.8 26.5
EPS Growth 58.4% - 16.2% - 9.4% 48.2%
DPS Growth 50.0% - 14.8% - 13.8% 33.9%
PE Ratio N/A N/A 8.3 5.6
Dividend Yield N/A N/A 4.0% 5.4%
Div Pay Ratio(%) 34.7% 35.3% 33.5% 30.3%

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DAILY FINANCIAL NEWS

FNArena Corporate Results Monitor – 21-02-2020

FNArena’s Monitor keeps track of corporate earnings result releases, including broker views, ratings and target price changes and beat/miss assessments.

Feb 21 2020 - Australia


SPONSORED: Vulcan Makes Zero Carbon Transportation Possible

A global shift in capital allocations is underway. Trillions of dollars are flowing into sustainable or green investments, as the, ‘environmental, social and governance’ (ESG) sector shakes off its image as simply a feel-good investment class.

Feb 21 2020 - FYI


FNArena’s Monitor keeps track of corporate earnings result releases, including broker views, ratings and target price changes and beat/miss assessments.

Feb 20 2020 - Australia


SPONSORED: Pursuit Minerals To Meet Growing Battery Metal Demand

By 2025, 500,000 tonnes of refined nickel will be used annually in lithium-ion batteries for electric vehicles (EVs).

Feb 20 2020 - FYI


Emeco Holdings has lifted its gold exposure to 27% from 12% following the acquisition of Pit N Portal, which is expected to provide diversification and synergies within the workshops business.

Feb 20 2020 - Small Caps


FNArena’s Monitor keeps track of corporate earnings result releases, including broker views, ratings and target price changes and beat/miss assessments.

Feb 19 2020 - Australia


RUDI'S VIEWS

February Reports: The Green Divide Is Real

Dear time-poor reader: early insights from the February reporting season mix with an emerging international trend that should have every…

Feb 20 2020

DAILY MARKET REPORTS

Australian Broker Call *Extra* Edition – Feb 21, 2020

Extra Edition of the Broker Call Report

Feb 21 2020


The Overnight Report: Shaky Wall Street

A sudden -400 point plunge in the Dow last night, before a recovery, had Wall Street shaken last night. Dow down -128. (Available for non-subscribers after 10am)

Feb 21 2020


Today’s Financial Calendar – 21-02-2020

Significant Scheduled Events For 21 February, 2020

Feb 21 2020


The Overnight Report: Virus Ups And Downs

Slowing pace? Threat of market correction? Virus debate rages on Wall Street. Dow up 115. (Available for non-subscribers after 10am)

Feb 20 2020


Today’s Financial Calendar – 20-02-2020

Significant Scheduled Events For 20 February, 2020

Feb 20 2020


The Overnight Report: Underestimating The Risk?

An increasing number of virus-related profit warnings here and in the US is causing a bit of a rethink in terms of brevity of impact. Dow down -165. (Available for non-subscribers after 10am)

Feb 19 2020


Today’s Financial Calendar – 19-02-2020

Significant Scheduled Events For 19 February, 2020

Feb 19 2020


WEEKLY REPORTS

Weekly Top Ten News Stories – 21 February 2020

Our top ten news stories from 13 February 2020 to 20 February 2020

Feb 21 2020

Next Week At A Glance – 24-28 Feb 2020

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

Feb 21 2020

All The Dope On Emerald Clinics’ Limp Debut

The New Criterion’s Tim Boreham investigates local opportunities in listed cannabis companies.

Feb 21 2020


The Short Report – 20 Feb 2020

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

Feb 20 2020

Australian Corporate Bond Price Tables – 20-02-20

FNArena provides a weekly update of Australian listed corporate bond issues, current pricing and yield data.

Feb 20 2020

Uranium Week: All Energy Sources Required

Nuclear power, along with other green sources, helped the Earth avoid 50m tonnes of carbon emissions last year.

Feb 18 2020


Weekly Ratings, Targets, Forecast Changes – 14-02-20

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

Feb 17 2020

Weekly Top Ten News Stories – 14 February 2020

Our top ten news stories from 06 February 2020 to 13 February 2020

Feb 14 2020

Next Week At A Glance – 17-21 Feb 2020

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

Feb 14 2020


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THE MARKETS

    Click item/line to change chart

  • Australia

    22 February 2020   Updated : 13:42   AEDT

    SPI Overnight (Mar)

    7113.00

    +3.00

    0.04%

    All Ordinaries

    7230.40

    -24.80

    -0.34%

    S&P ASX 200

    7139.00

    -23.50

    -0.33%

    S&P ASX 300

    7092.40

    -23.30

    -0.33%

    Consumer Discretionary

    2873.20

    -36.60

    -1.26%

    Consumer Staples

    13474.00

    -99.00

    -0.73%

    Energy

    10876.20

    -112.00

    -1.02%

    Financials

    6494.30

    +32.90

    0.51%

    Health Care

    47922.00

    -425.60

    -0.88%

    Industrials

    7229.00

    -19.00

    -0.26%

    Info Technology

    1495.00

    -14.50

    -0.96%

    Materials

    13875.00

    -68.80

    -0.49%

    Telecommunication

    1341.80

    -13.30

    -0.98%

    Utilities

    8377.10

    -38.50

    -0.46%

  • Asia

    22 February 2020   Updated : 13:42   AEDT

    NZ50

    9214.870

    -42.310

    -0.460%

    Nikkei 225

    23386.74

    -92.41

    -0.39%

    Hang Seng

    27308.81

    -300.35

    -1.09%

    Click item/line to change chart

  • Australasia

    22 February 2020   Updated : 13:42   AEDT

    AUD/USD

    0.6620

    +0.00

    0.23%

    AUD/NZD

    1.0429

    0.00

    -0.21%

    NZD/USD

    0.6348

    +0.00

    0.44%

    AUD/JPY

    73.87

    +0.08

    0.11%

    SGD/AUD

    1.08

    0.00

    -0.13%

    AUD/EUR

    0.6103

    0.00

    -0.03%

    AUD/GBP

    0.5111

    0.00

    -0.04%

    AUDCAD

    0.8762

    +0.00

    0.09%

  • World

    22 February 2020   Updated : 13:42   AEDT

    CAD/USD

    0.7561

    +0.00

    0.21%

    EUR/JPY

    121.04

    +0.17

    0.14%

    EUR/USD

    1.0847

    +0.00

    0.27%

    GBP/USD

    1.2955

    +0.00

    0.28%

    USD/JPY

    111.58

    -0.14

    -0.13%

    Click item/line to change chart

  • World

    22 February 2020   Updated : 13:42   AEDT

    FTSE100

    7403.92

    -32.72

    -0.44%

    DAX30

    13579.33

    -84.67

    -0.62%

    DJIA

    28992.41

    -227.57

    -0.78%

    S&P500

    3337.75

    -35.48

    -1.05%

    Nasdaq Comp

    9576.59

    -174.37

    -1.79%

    S&P500 VIX

    17.08

    +1.52

    9.77%

    US 10-year yield

    1.471

    -0.054

    -3.540%

    USD Index

    99.89

    +0.27

    0.27%

  • Aus Stocks

    22 February 2020   Updated : 13:42   AEDT

    BHP (UK)

    1661.60

    -15.60

    -0.93%

    Rio (UK)

    4202.50

    -7.00

    -0.17%

    BHP (US)

    50.41

    -0.23

    -0.45%

    Rio (US)

    54.62

    +0.43

    0.79%

    ResMed (US)

    173.88

    -2.12

    -1.20%

    South32 (UK)

    131.02

    -3.58

    -2.66%

    James Hardie (US)

    20.10

    -0.14

    -0.69%

    Telstra (US)

    12.35

    -0.20

    -1.59%

    Westpac (US)

    16.99

    -0.01

    -0.06%

    Click item/line to change chart

  • Spot Metals & Minerals

    21 February 2020   Updated : 08:50   AEDT

    Gold (oz)

    1619.50

    +10.60

    0.66%

    Silver (oz)

    18.34

    +0.01

    0.05%

    Copper (lb)

    2.5890

    +0.01

    0.26%

    Aluminium (lb)

    0.7802

    0.00

    0.00%

    Lead (lb)

    0.8663

    +0.00

    0.09%

    Nickel (lb)

    5.7649

    +0.01

    0.25%

    Zinc (lb)

    0.9545

    -0.01

    -0.64%

    Copper (t)

    5708.00

    +15.00

    0.26%

    Aluminium (t)

    1720.00

    0.00

    0.00%

    Lead (t)

    1910.00

    +2.00

    0.10%

    Nickel (t)

    12709.00

    +31.00

    0.24%

    Zinc (t)

    2104.00

    -13.00

    -0.61%

    Uranium (lb) weekly

    24.60

    -0.05

    -0.20%

  • Commodities Futures

    21 February 2020   Updated : 08:50   AEDT

    West Texas Crude

    53.78

    +0.42

    0.79%

    Brent Crude

    59.31

    +0.14

    0.24%

    Iron Ore (t) futures

    91.10

    +1.95

    2.19%

CALENDAR

Monday, 24 February 2020
NZ retail sales, Q4
AD8 earnings result
AGI earnings result
ANN ex-div 21.75c (0%)
AYS earnings result
AZJ ex-div 13.7c (70%)
BSL earnings result
COE earnings result
EVN ex-div 7c (100%)
GEM earnings result
HLO earnings result
JIN earnings result
MOZ earnings result

ALL WEATHER STOCKS

Code Company Price
AMC AMCOR LIMITED

$15.36

ARB ARB CORPORATION LIMITED

$18.97

CSL CSL LIMITED

$336.40

REA REA GROUP LIMITED

$114.01

RMD RESMED INC

$26.42

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FNARENA TALKS

FNARENA WINDOWS

Window on PHARMACEUTICALS & BIOTECH/LIFESCIENCES

All The Dope On Emerald Clinics’ Limp Debut

The New Criterion’s Tim Boreham investigates local opportunities in listed cannabis companies.

Feb 21 2020


Window on MINING SECTOR CONTRACTING

Increased Gold Exposure Lifts Emeco Outlook

Emeco Holdings has lifted its gold exposure to 27% from 12% following the acquisition of Pit N Portal, which is expected to provide diversification and synergies within the workshops business.

Feb 20 2020


Window on BANKS

Bendigo & Adelaide Requires A Leap Of Faith

Bendigo and Adelaide Bank has embarked on the three-year strategic plan in order to improve returns in a slower growth environment. However, brokers warn this requires a leap of faith by the market.

Feb 19 2020


FEATURE STORIES

2020 Foresight: Australia

A sluggish economy and a strong stock market in 2019. Forecasts for 2020 are becoming increasingly diverse.

Jan 29 2020


2020 Outlook: Global

Dec 16 2019