FINANCIAL NEWS

Gold Looking Risky

The Chartist is longer term bullish on gold but warns of shorter term downside risk.

10:27 AM


Rudi’s View: Scentre Group, Origin Energy & Cleanaway

In this week's Weekly Insights (this is part two): –Finding Opportunities In A Heavily Polarised Market -Growth Or Weakness? -Conviction…

10:01 AM


The Overnight Report: Everyone’s High

The Dow may be soggy, but elsewhere on Wall Street it’s new highs all round. Dow down -42.

8:57 AM


Today’s Financial Calendar

Significant Scheduled Events For 21 June, 2018

8:15 AM


Bumper Supply Constraining Childcare Profits

Benefits of government subsidy increases are likely to be constrained in the near term for childcare centres, as supply is overwhelming demand.

Jun 20 2018


Macquarie rates AMC as Outperform

The company's guidance is for a modestly lower FY18 outcome versus the February update. Macquarie calculates this translates to modestly lower profit versus the prior year on a constant currency basis.

The trends are improving, Macquarie observes, but Pepsi is still losing share. The broker forecasts net profit growth of 8% in FY19. Outperform rating maintained. Target is reduced to $15.72 from $15.74.

Credit Suisse rates NCM as Neutral

Newcrest has settled its insurance claim in relation to the seismic event on April 14, 2017 at Cadia. The settlement is reported to be US$155m.

Credit Suisse calculates that US$130m of the insurance payment relates to business interruption and may be taxable at the company's 30% tax rate, while US$25m compensates the damage repair costs.

The broker adjusts estimates to capture the contribution. The surprise settlement raises the possibility of future compensation for the more recent business disruption from the tailings wall failure.

Neutral maintained. Target is raised to $20.30 from $20.10.

Morgans rates TLS as Add

Telstra has announced a significant simplification of its operations. FY19 is expected to be affected by restructuring and delays in the NBN.

Morgans understands that guidance, comprised of operating earnings of $8.7-9.4bn, assumes lower over-usage, restructuring costs and meaningful delays in the NBN.

Morgans suspects lower earnings translate to a lower dividend, regardless of timing delays, and has downgraded FY19/20 dividend estimates to $0.17 per share. The broker retains an Add rating and reduces the target to $3.42 from $3.99.

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ANALYSIS & DATA

MARKET CONSENSUS FORECAST

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

TLS | TELSTRA CORPORATION LIMITED

Abbreviated format - see the full version here


LAST PRICE CHANGE +/- CHANGE % VOLUME

$2.77

21 Jun
2018

0.000

OPEN

$0.00

0.000

HIGH

$0.00

0

LOW

$0.00

TARGET
$3.203 15.6% upside
Franking for last dividend paid out: 100%
MARKET CONSENSUS FORECAST
TLS: 1
Title FY16
Actual
FY17
Actual
FY18
Forecast
FY19
Forecast
EPS (cps) 47.4 32.5 27.0 24.6
DPS (cps) 31.0 31.0 22.0 19.3
EPS Growth 26.0% - 31.4% - 17.0% - 9.0%
DPS Growth 1.6% 0.0% - 29.0% - 12.5%
PE Ratio N/A N/A 10.3 11.3
Dividend Yield N/A N/A 7.9% 6.9%
Div Pay Ratio(%) 65.4% 95.4% 81.5% 78.4%

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DAILY FINANCIAL NEWS

Gold Looking Risky

The Chartist is longer term bullish on gold but warns of shorter term downside risk.

10:27 AM - Technicals


Benefits of government subsidy increases are likely to be constrained in the near term for childcare centres, as supply is overwhelming demand.

Jun 20 2018 - Australia


FNArena’s Treasure Chest reports on money making ideas from stockbrokers and other experts. Perceived headwinds have led the market to downgrade Ramsay Health Care to five-year low multiples. Wilsons believes this is too low.

Jun 20 2018 - Treasure Chest


Is The Banks’ Crucifixion Over?

Peter Switzer of the Switzer Super Report outlines the views of those who believe bank share prices have now fallen too far.

Jun 20 2018 - FYI


The launch of Amazon Prime, ahead of expectations, suggests to brokers the company is serious and confident regarding delivery of its business model to Australians.

Jun 19 2018 - Australia


South32 has taken control of Arizona Mining, which provides a base metal opportunity and expands its geographic base.

Jun 19 2018 - Australia


RUDI'S VIEWS

Rudi’s View: Scentre Group, Origin Energy & Cleanaway

In this week's Weekly Insights (this is part two): –Finding Opportunities In A Heavily Polarised Market -Growth Or Weakness? -Conviction…

10:01 AM

DAILY MARKET REPORTS

The Overnight Report: Everyone’s High

The Dow may be soggy, but elsewhere on Wall Street it’s new highs all round. Dow down -42.

8:57 AM


Today’s Financial Calendar

Significant Scheduled Events For 21 June, 2018

8:15 AM


The Overnight Report: Escalation

Trade war fears grew ever stronger across the globe yesterday as Trump’s administration slaps tariffs on another US$200bn of Chinese exports and threatens US$200bn more. Dow down -287.

Jun 20 2018


Today’s Financial Calendar

Significant Scheduled Events For 20 June, 2018

Jun 20 2018


The Overnight Report: Shifting Positions

Wall Street saw a shift out of trade war-impacted sectors into calmer waters last night. Dow down -103.

Jun 19 2018


Today’s Financial Calendar

Significant Scheduled Events For 19 June, 2018

Jun 19 2018


The Monday Report

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

Jun 18 2018


WEEKLY REPORTS

Share Buybacks – Who’s Doing It?

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

Jun 20 2018

Uranium Week: No Immediate Need

The US regulator has criticised the president’s directive that would see electricity providers forced to buy nuclear power.

Jun 19 2018

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.

Jun 18 2018


Weekly Ratings, Targets, Forecast Changes

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

Jun 18 2018

Weekly Top Ten News Stories

Our top ten news stories from 07 June 2018 to 14 June 2018

Jun 15 2018

Next Week At A Glance

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

Jun 15 2018


The Wrap: EVs, Health Insurance & Real Estate

Weekly Broker Wrap: electric vehicles; health insurance; credit crunch; and real estate listings.

Jun 15 2018

The Short Report

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

Jun 14 2018

Australian Corporate Bond Price Tables

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

Jun 14 2018


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THE MARKETS

    Click item/line to change chart

  • Australia

    21 June 2018   Updated : 10:42   AEDT

    SPI Overnight (Jun)

    6194.00

    +10.00

    0.16%

    All Ordinaries

    6315.30

    +40.70

    0.65%

    S&P ASX 200

    6214.40

    +41.80

    0.68%

    S&P ASX 300

    6172.60

    +41.40

    0.68%

    Consumer Discretionary

    2508.30

    +41.50

    1.68%

    Consumer Staples

    11263.60

    +125.40

    1.13%

    Energy

    11847.30

    +73.20

    0.62%

    Financials

    6180.60

    +33.60

    0.55%

    Health Care

    30968.20

    +241.50

    0.79%

    Industrials

    6049.60

    +21.40

    0.35%

    Info Technology

    1158.60

    +20.60

    1.81%

    Materials

    12163.90

    +71.30

    0.59%

    Telecommunication

    1038.80

    +1.00

    0.10%

    Utilities

    8154.30

    +22.10

    0.27%

  • Asia

    21 June 2018   Updated : 10:42   AEDT

    NZ50

    9005.630

    +99.840

    1.120%

    Nikkei 225

    22583.18

    +27.75

    0.12%

    Hang Seng

    29696.17

    +228.02

    0.77%

    Click item/line to change chart

  • Australasia

    21 June 2018   Updated : 10:42   AEDT

    AUD/USD

    0.7365

    -0.00

    -0.37%

    AUD/NZD

    1.0738

    +0.00

    0.07%

    NZD/USD

    0.6859

    -0.00

    -0.44%

    AUD/JPY

    81.31

    -0.08

    -0.10%

    SGD/AUD

    1.00

    +0.00

    0.25%

    AUD/EUR

    0.6363

    -0.00

    -0.41%

    AUD/GBP

    0.5591

    -0.00

    -0.45%

  • World

    21 June 2018   Updated : 10:42   AEDT

    CAD/USD

    0.7517

    -0.00

    -0.05%

    EUR/JPY

    127.80

    +0.41

    0.33%

    EUR/USD

    1.1575

    +0.00

    0.03%

    GBP/USD

    1.3171

    +0.00

    0.08%

    USD/JPY

    110.41

    +0.31

    0.28%

    Click item/line to change chart

  • World

    21 June 2018   Updated : 10:42   AEDT

    FTSE100

    7627.40

    +23.55

    0.31%

    DAX30

    12695.16

    +17.19

    0.14%

    DJIA

    24657.80

    -42.41

    -0.17%

    S&P500

    0.00

    0.00

    0.00%

    Nasdaq Comp

    7781.51

    +55.93

    0.72%

    S&P500 VIX

    12.79

    -0.56

    -4.19%

    US 10-year yield

    2.928

    +0.035

    1.210%

    USD Index

    95.12

    +0.12

    0.13%

  • Aus Stocks

    21 June 2018   Updated : 10:42   AEDT

    BHP (UK)

    1638.60

    -3.60

    -0.22%

    Rio (UK)

    4121.50

    +1.50

    0.04%

    BHP (US)

    47.77

    +0.15

    0.31%

    Rio (US)

    55.07

    +0.12

    0.22%

    ResMed (US)

    106.81

    +0.71

    0.67%

    South32 (UK)

    209.20

    +3.20

    1.55%

    James Hardie (US)

    16.27

    +0.21

    1.31%

    Telstra (US)

    10.22

    -0.56

    -5.19%

    Westpac (US)

    21.20

    +0.48

    2.32%

    Click item/line to change chart

  • Spot Metals & Minerals

    21 June 2018   Updated : 07:35   AEDT

    Gold (oz)

    1267.60

    -6.80

    -0.53%

    Silver (oz)

    16.25

    -0.02

    -0.12%

    Copper (lb)

    3.0797

    -0.03

    -0.97%

    Aluminium (lb)

    0.9740

    -0.00

    -0.24%

    Lead (lb)

    1.0829

    -0.01

    -0.69%

    Nickel (lb)

    6.7389

    +0.12

    1.81%

    Zinc (lb)

    1.3766

    -0.01

    -0.84%

    Copper (t)

    6790.00

    -67.00

    -0.98%

    Aluminium (t)

    2147.00

    -5.00

    -0.23%

    Lead (t)

    2387.00

    -17.00

    -0.71%

    Nickel (t)

    14857.00

    +263.00

    1.80%

    Zinc (t)

    3035.00

    -26.00

    -0.85%

    Iron Ore (t)

    64.25

    0.00

    0.00%

    Uranium (lb) weekly

    23.00

    -0.25

    -1.08%

  • Energy Futures

    21 June 2018   Updated : 07:35   AEDT

    West Texas Crude (Jul)

    66.22

    +1.16

    1.78%

    Brent Crude (Aug)

    74.21

    -0.81

    -1.08%

    Henry Hub NatGas (Jul)

    2.96

    +0.05

    1.72%

CALENDAR

Thursday, 21 June 2018
NZ GDP, Q1
AU ASX futures and index options expiry
UK BoE policy meeting
US Conference Board leading indicators, May
US FHFA house price index, Apr
US Philadelphia Fed mfg index, Jun
FBU investor day
FPH ex-div 11.44c
Friday, 22 June 2018
JP CPI, May
JP flash mfg PMI, Jun
EZ flash mfg PMI, Jun
US flash mfg PMI, Jun

ALL WEATHER STOCKS

Code Company Price
AMC AMCOR LIMITED

$14.11

ARB ARB CORPORATION LIMITED

$23.02

CSL CSL LIMITED

$193.81

REA REA GROUP LIMITED

$91.20

RMD RESMED INC

$14.45

WEEKLY PDF

Stories To Read From FNArena


WEEK 24

WEEK 23

WEEK 22

WEEK 21

WEEK 20

FNARENA TALKS

FNARENA WINDOWS

Window on PRECIOUS METALS

Gold Looking Risky

The Chartist is longer term bullish on gold but warns of shorter term downside risk.

10:27 AM


Window on CHILDCARE

Bumper Supply Constraining Childcare Profits

Benefits of government subsidy increases are likely to be constrained in the near term for childcare centres, as supply is overwhelming demand.

Jun 20 2018


Window on HEALTHCARE SERVICES

Treasure Chest: Market Undervaluing Ramsay

FNArena’s Treasure Chest reports on money making ideas from stockbrokers and other experts. Perceived headwinds have led the market to downgrade Ramsay Health Care to five-year low multiples. Wilsons believes this is too low.

Jun 20 2018


SMSFUNDAMENTALS

SMSFundamentals: Why Do You Not Own Corporate Bonds?

Corporate bonds are highly suitable as a portfolio allocation for retirement investors and interest is growing, despite many Australians being unaware of their existence.

May 29 2018


FEATURE STORIES

Gold And The Coming Crisis

Research house Incrementum believes the tides are changing for global monetary policy, the reserve currency and technology. Such a changing of the tides could lead to another global crisis, from which gold would again provide a safe haven.

Jun 14 2018