FINANCIAL NEWS

Uranium Sector Won’t Catch A Break

Ahead of the Herd’s Rick Mills argues why there is little hope for the uranium price, and why thorium remains a far more palatable alternative.

10:58 AM


E-commerce Makes Goodman Group Attractive

Goodman Group represents an attractive opportunity, Shaw and Partners believes, for those looking for a stock that continues to benefit from the growing e-commerce sector.

10:29 AM


Weekly Ratings, Targets, Forecast Changes – 20-09-19

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

10:00 AM


The Monday Report – 23 September 2019

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

9:08 AM


Today’s Financial Calendar – 23-09-2019

Significant Scheduled Events For 23 September, 2019

8:15 AM


Citi rates APT as Initiation of coverage with Neutral

Citi has initiated coverage of Afterpay Touch with a Neutral rating and $33.70 price target. The analysts hold the view the market might be underestimating the growth levers embedded inside this business model.

Despite the above, the analysts retain a more cautious view as regulatory risks remain. Equally important, near term the company cannot escape further cost investment required to support growth plus competition is increasing.

Morgan Stanley rates IFL as Equal-weight

Morgan Stanley notes, on October 17, both IOOF and ANZ Bank ((ANZ)) have the right to walk away from the sale of ANZ's wealth P&I business if conditions precedent are not met.

Given the uncertainty surrounding the transaction, if the pair walk away from a deal it will likely mean downgrades to earnings estimates for IOOF. The broker assumes the original deal is not completed and includes a $450m buyback in base case estimates.

Equal-weight rating maintained. Target is $4.95. Industry view: In Line.

Credit Suisse rates PMV as Outperform

Profit improved in FY19 on minimal incremental investment, Credit Suisse observes. Invested capital was flat and earnings (EBIT) increased 11%.

The broker believes debates on the company's UK exposure are becoming peripheral to the overall investment case. The business appears to have been able to mitigate market weakness through rental reductions.

Domestically, apparel brands improved their market positions. Outperform rating maintained. Target is raised to $20.56 from $19.58.

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ANALYSIS & DATA

MARKET CONSENSUS FORECAST

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

PMV | PREMIER INVESTMENTS LIMITED

Abbreviated format - see the full version here


LAST PRICE CHANGE +/- CHANGE % VOLUME

$19.19

23 Sep
2019

1.070

OPEN

$18.86

5.91%

HIGH

$19.39

234,513

LOW

$18.57

TARGET
$19.232 0.2% upside
Franking for last dividend paid out: 100%
MARKET CONSENSUS FORECAST
PMV: 1
Title FY18
Actual
FY19
Actual
FY20
Forecast
FY21
Forecast
EPS (cps) 53.0 67.5 91.7 103.3
DPS (cps) 62.0 70.0 75.9 62.9
EPS Growth - 20.7% 27.4% 35.9% 12.6%
DPS Growth 17.0% 12.9% 8.4% - 17.1%
PE Ratio N/A N/A 20.9 18.6
Dividend Yield N/A N/A 4.0% 3.3%
Div Pay Ratio(%) 117.0% 103.7% 82.7% 60.8%

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DAILY FINANCIAL NEWS

Uranium Sector Won’t Catch A Break

Ahead of the Herd’s Rick Mills argues why there is little hope for the uranium price, and why thorium remains a far more palatable alternative.

10:58 AM - Commodities


Goodman Group represents an attractive opportunity, Shaw and Partners believes, for those looking for a stock that continues to benefit from the growing e-commerce sector.

10:29 AM - Australia


A glance through the latest expert views and predictions about commodities. China infrastructure; iron ore miners; Indian industry; coking coal; oil; and rutile.

Sep 20 2019 - Commodities


The Chartist reports CSL appears to be setting up for another push higher so it’s one to watch.

Sep 19 2019 - Technicals


FNArena’s Treasure Chest reports on money making ideas from stockbrokers and other experts. Several brokers suggest National Australia Bank’s new CEO may be arriving at just the right time to steer improvements in the retail and business bank.

Sep 19 2019 - Treasure Chest


RESEARCH: Abundant Produce, The Seeds Of Greatness

Pitt Street Research sees plenty of potential ahead for science-based neutraceutical products producer Abundant Produce.

Sep 19 2019 - FYI


RUDI'S VIEWS

Rudi’s View: Dividend Cuts, They Are Coming

A closer examination of analysts’ forecasts post the disappointing August reporting season in Australia suggests dividend cuts are on the increase, with plenty more to come.

Sep 20 2019

DAILY MARKET REPORTS

The Monday Report – 23 September 2019

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

9:08 AM


Today’s Financial Calendar – 23-09-2019

Significant Scheduled Events For 23 September, 2019

8:15 AM


The Overnight Report: Trading Places

With the Fed decision now out of the way, Wall Street attention turns back to trade, and the meetings that have now recommenced. Dow down -52.

Sep 20 2019


Today’s Financial Calendar – 20-09-2019

Significant Scheduled Events For 20 September, 2019

Sep 20 2019


The Overnight Report: Day By Day

The Fed is not on a pre-set course, but it’s ready to act again after last night’s cut. Dow up 36.

Sep 19 2019


Today’s Financial Calendar – 19-09-2019

Significant Scheduled Events For 19 September, 2019

Sep 19 2019


The Overnight Report: Back To Business

Oil prices halved their Monday night gains last night, and Wall Street returned to a defensive stance. Dow up 33.

Sep 18 2019


WEEKLY REPORTS

Weekly Ratings, Targets, Forecast Changes – 20-09-19

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

10:00 AM

Weekly Top Ten News Stories – 20 September 2019

Our top ten news stories from 12 September 2019 to 19 September 2019

Sep 20 2019

Next Week At A Glance – 23-27 Sep 2019

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

Sep 20 2019


The Wrap: Aged Care, Housing & Theme Parks

Weekly Broker Wrap: Aged care; advertising; housing; and theme parks.

Sep 20 2019

Australian Corporate Bond Price Tables – 19-09-19

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

Sep 19 2019

The Short Report – 19 Sep 2019

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

Sep 19 2019


Share Buybacks – Who’s Doing It? – 18-09-2019

Weekly Update on ASX-listed companies buying in their own stock.

Sep 18 2019

Genuine Investor Interest Behind The Fake Meat Trend

The New Criterion’s Tim Boreham investigates the boom in listed meat substitute producers in the US and how it pertains to Australia.

Sep 17 2019

Uranium Week: Ups And Downs

Last week was a volatile one in the spot uranium market, for little end result.

Sep 17 2019


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THE MARKETS

    Click item/line to change chart

  • Australia

    23 September 2019   Updated : 11:42   AEDT

    SPI Overnight (Dec)

    6719.00

    +2.00

    0.03%

    All Ordinaries

    6876.00

    +37.00

    0.54%

    S&P ASX 200

    6767.00

    +36.20

    0.54%

    S&P ASX 300

    6725.50

    +35.80

    0.54%

    Consumer Discretionary

    2615.60

    +12.30

    0.47%

    Consumer Staples

    12691.80

    +107.50

    0.85%

    Energy

    11028.10

    +123.20

    1.13%

    Financials

    6512.60

    +17.00

    0.26%

    Health Care

    36026.90

    +277.70

    0.78%

    Industrials

    6810.30

    +20.70

    0.30%

    Info Technology

    1393.20

    +4.20

    0.30%

    Materials

    13609.00

    +75.70

    0.56%

    Telecommunication

    1309.60

    +9.90

    0.76%

    Utilities

    8141.50

    +37.60

    0.46%

  • Asia

    23 September 2019   Updated : 11:42   AEDT

    NZ50

    9214.870

    -42.310

    -0.460%

    Nikkei 225

    22079.09

    +34.64

    0.16%

    Hang Seng

    26405.41

    -30.26

    -0.11%

    Click item/line to change chart

  • Australasia

    23 September 2019   Updated : 11:42   AEDT

    AUD/USD

    0.6772

    0.00

    -0.31%

    AUD/NZD

    1.0798

    0.00

    -0.23%

    NZD/USD

    0.6271

    0.00

    -0.11%

    AUD/JPY

    72.95

    -0.41

    -0.56%

    SGD/AUD

    1.07

    +0.00

    0.25%

    AUD/EUR

    0.6144

    0.00

    -0.10%

    AUD/GBP

    0.5425

    0.00

    -0.04%

    AUDCAD

    0.8989

    0.00

    -0.28%

  • World

    23 September 2019   Updated : 11:42   AEDT

    CAD/USD

    0.7533

    0.00

    -0.07%

    EUR/JPY

    118.74

    -0.57

    -0.48%

    EUR/USD

    1.1023

    0.00

    -0.24%

    GBP/USD

    1.2481

    0.00

    -0.30%

    USD/JPY

    107.73

    -0.25

    -0.23%

    Click item/line to change chart

  • World

    23 September 2019   Updated : 11:42   AEDT

    FTSE100

    7344.92

    -11.50

    -0.16%

    DAX30

    12468.01

    +10.31

    0.08%

    DJIA

    26935.07

    -159.72

    -0.59%

    S&P500

    2992.07

    -14.72

    -0.49%

    Nasdaq Comp

    8117.67

    -65.21

    -0.80%

    S&P500 VIX

    15.32

    +1.27

    9.04%

    US 10-year yield

    1.755

    -0.019

    -1.070%

    USD Index

    98.51

    +0.15

    0.15%

  • Aus Stocks

    23 September 2019   Updated : 11:42   AEDT

    BHP (UK)

    1788.80

    -3.80

    -0.21%

    Rio (UK)

    4230.88

    -18.62

    -0.44%

    BHP (US)

    50.99

    -0.36

    -0.70%

    Rio (US)

    52.82

    -0.09

    -0.17%

    ResMed (US)

    134.53

    +1.02

    0.76%

    South32 (UK)

    149.10

    +0.60

    0.40%

    James Hardie (US)

    16.76

    +0.09

    0.54%

    Telstra (US)

    12.30

    -0.04

    -0.32%

    Westpac (US)

    20.13

    -0.03

    -0.15%

    Click item/line to change chart

  • Spot Metals & Minerals

    23 September 2019   Updated : 11:16   AEDT

    Gold (oz)

    1516.70

    +18.00

    1.20%

    Silver (oz)

    17.97

    +0.22

    1.24%

    Copper (lb)

    2.5939

    -0.01

    -0.41%

    Aluminium (lb)

    0.7992

    +0.00

    0.31%

    Lead (lb)

    0.9509

    +0.01

    0.87%

    Nickel (lb)

    8.0168

    +0.14

    1.76%

    Zinc (lb)

    1.0430

    -0.01

    -0.60%

    Copper (t)

    5719.00

    -24.00

    -0.42%

    Aluminium (t)

    1762.00

    +6.00

    0.34%

    Lead (t)

    2096.00

    +18.00

    0.87%

    Nickel (t)

    17674.00

    +306.00

    1.76%

    Zinc (t)

    2299.00

    -14.00

    -0.61%

    Uranium (lb) weekly

    25.80

    +0.55

    2.18%

  • Commodities Futures

    23 September 2019   Updated : 08:35   AEDT

    West Texas Crude

    58.09

    -0.59

    -1.01%

    Brent Crude

    64.28

    -0.53

    -0.82%

    Iron Ore (t) futures

    91.60

    -0.40

    -0.43%

CALENDAR

Monday, 23 September 2019
AU flash mfg PMI, Sep
JP flash mfg PMI, Sep
JP markets closed
EZ flash mfg PMI, Sep
US flash mfg PMI, Sep
BRI ex-div 2.2c (100%)
CNU ex-div 12.76c
DDR ex-div 5c (100%)
GAP ex-div 1c
MNY ex-div 5c (100%)
SAR EGM
Tuesday, 24 September 2019
AU RBA governor speaks

ALL WEATHER STOCKS

Code Company Price
AMC AMCOR LIMITED

$14.26

ARB ARB CORPORATION LIMITED

$19.47

CSL CSL LIMITED

$235.86

REA REA GROUP LIMITED

$109.36

RMD RESMED INC

$19.90

WEEKLY PDF

Stories To Read From FNArena


WEEK 38

WEEK 37

WEEK 36

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WEEK 34

FNARENA TALKS

FNARENA WINDOWS

Window on URANIUM

Uranium Sector Won’t Catch A Break

Ahead of the Herd’s Rick Mills argues why there is little hope for the uranium price, and why thorium remains a far more palatable alternative.

10:58 AM


Window on INFRA & PROPERTY DEVELOPERS

E-commerce Makes Goodman Group Attractive

Goodman Group represents an attractive opportunity, Shaw and Partners believes, for those looking for a stock that continues to benefit from the growing e-commerce sector.

10:29 AM


Window on MINING

Material Matters: Iron Ore, Coal & Rutile

A glance through the latest expert views and predictions about commodities. China infrastructure; iron ore miners; Indian industry; coking coal; oil; and rutile.

Sep 20 2019


FEATURE STORIES

August 2019 Result Season: The Wrap

The February result season was one of the worst on record. The August result season actually was the worst on record.

Sep 16 2019