FINANCIAL NEWS

Material Matters: Metals, Aluminium & Coal

A glance through the latest expert views and predictions about commodities. Base, precious metals; aluminium; and thermal coal.

3:04 PM


Confidence In Sims Metal Takes A Hit

Confidence in Sims Metal has taken a hit, brokers suggest, after the company downgraded guidance for first quarter earnings less than a month after reiterating it at investor briefings.

1:04 PM


Upside Trend For Seven Group

Michael Gable of Fairmont Equities suggests any dip in the share price of Seven Group Holdings is a buying opportunity.

11:14 AM


Buffett Was Wrong!

Peter Switzer of the Switzer Super Report explains why he disagrees with Warren Buffett’s assertion that diversification is for wimps.

10:28 AM


Uranium Week: Another One Bites The Dust

America’s oldest nuclear reactor shut down last week. Meanwhile, the spot uranium price continues to rise.

10:00 AM


Deutsche Bank rates BKW as Buy

FY18 underlying net profit was ahead of expectations. Management has indicated residential activity is likely to decline in major east coast markets while energy prices will significantly affect earnings. A solid contribution from land and development is expected.

Deutsche Bank maintains a Buy rating and $18.40 target.

Macquarie rates BPT as Underperform

Macquarie believes the market is underestimating the amount of capital expenditure required to sustain and grow production and expects the upcoming investor briefing to shed more light on commitments.

The broker is positive on the free cash flow to be generated over the next four years but considers the share price expensive at current levels.

Underperform rating and $1.75 target maintained.

Morgans rates REA as Add

Despite a slowing residential property market, Morgans has calculated that the company is continuing to grow volume in paid depth ads. The broker expects REA Group to sail through the current slump in residential property markets and meet expectations for the first half.

Add rating and $95.21 target maintained.

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ANALYSIS & DATA

MARKET CONSENSUS FORECAST

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

SGM | SIMS METAL MANAGEMENT LIMITED

Abbreviated format - see the full version here


LAST PRICE CHANGE +/- CHANGE % VOLUME

$11.87

25 Sep
2018

0.050

OPEN

$11.90

0.42%

HIGH

$12.01

3,310,563

LOW

$11.69

TARGET
$14.475 21.9% upside
Franking for last dividend paid out: 100%
MARKET CONSENSUS FORECAST
SGM: 1
Title FY17
Actual
FY18
Actual
FY19
Forecast
FY20
Forecast
EPS (cps) 103.0 108.2 98.8 109.4
DPS (cps) 40.0 53.0 49.1 54.9
EPS Growth N/A 5.0% - 8.7% 10.7%
DPS Growth 81.8% 32.5% - 7.4% 11.9%
PE Ratio N/A N/A 12.0 10.8
Dividend Yield N/A N/A 4.1% 4.6%
Div Pay Ratio(%) 38.8% 49.0% 49.7% 50.2%

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DAILY FINANCIAL NEWS

Material Matters: Metals, Aluminium & Coal

A glance through the latest expert views and predictions about commodities. Base, precious metals; aluminium; and thermal coal.

3:04 PM - Commodities


Confidence in Sims Metal has taken a hit, brokers suggest, after the company downgraded guidance for first quarter earnings less than a month after reiterating it at investor briefings.

1:04 PM - Australia


Michael Gable of Fairmont Equities suggests any dip in the share price of Seven Group Holdings is a buying opportunity.

11:14 AM - Technicals


Peter Switzer of the Switzer Super Report explains why he disagrees with Warren Buffett’s assertion that diversification is for wimps.

10:28 AM - FYI


Having balanced the oil market since deciding to withhold barrels in January 2017, OPEC and cohorts are now faced with an opposing dilemma, increasing output enough to cover expected shortages over the next few months.

Sep 24 2018 - Commodities


Market fundamentals remain strong for Brickworks but tighter credit has emerged to dent the housing outlook, particularly in NSW and Queensland.

Sep 24 2018 - Australia


RUDI'S VIEWS

Rudi’s View: IOOF, Amcor And Japara Healthcare

In this week's Weekly Insights (this is Part Two): -It's Different This Time, Not A Bubble –August Reporting Season: The…

Sep 20 2018

DAILY MARKET REPORTS

The Overnight Report: News From The Front

Trade relations between the US and China have deteriorated further, suggesting the war will not be over by Christmas as hoped. Dow down -181.

9:12 AM


Today’s Financial Calendar

Significant Scheduled Events For 25 September, 2018

8:15 AM


The Monday Report

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

Sep 24 2018


Today’s Financial Calendar

Significant Scheduled Events For 24 September, 2018

Sep 24 2018


The Overnight Report: And We’re Back

Last night the Dow hit a new all-time high for the first time since January, up 251.

Sep 21 2018


Today’s Financial Calendar

Significant Scheduled Events For 21 September, 2018

Sep 21 2018


The Overnight Report: Kicking On

The big industrials were again sought after on Wall Street last night but this time the banks also joined in. Dow up 158.

Sep 20 2018


WEEKLY REPORTS

Uranium Week: Another One Bites The Dust

America’s oldest nuclear reactor shut down last week. Meanwhile, the spot uranium price continues to rise.

10:00 AM

Australian Corporate Bond Price Tables

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

Sep 24 2018

Weekly Ratings, Targets, Forecast Changes

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

Sep 24 2018


Weekly Top Ten News Stories

Our top ten news stories from 13 September 2018 to 20 September 2018

Sep 21 2018

Next Week At A Glance

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

Sep 21 2018

The Wrap: Banks, Accounting & Oz Dollar

Weekly Broker Wrap: banks; infant formula; accounting software; Australian dollar; and Oventus Medical.

Sep 21 2018


The Short Report

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

Sep 20 2018

Australian Corporate Bond Price Tables

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

Sep 20 2018

Share Buybacks – Who’s Doing It?

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

Sep 19 2018


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THE MARKETS

    Click item/line to change chart

  • Australia

    25 September 2018   Updated : 16:12   AEDT

    SPI Overnight (Dec)

    6182.00

    -6.00

    -0.10%

    All Ordinaries

    6300.70

    +1.20

    0.02%

    S&P ASX 200

    6187.10

    +0.20

    0.00%

    S&P ASX 300

    6142.30

    -0.10

    0.00%

    Consumer Discretionary

    2438.40

    -5.20

    -0.21%

    Consumer Staples

    11003.40

    -46.20

    -0.42%

    Energy

    12233.00

    +268.70

    2.25%

    Financials

    6113.10

    -39.50

    -0.64%

    Health Care

    31765.50

    +155.70

    0.49%

    Industrials

    6051.10

    -5.70

    -0.09%

    Info Technology

    1216.10

    +4.90

    0.40%

    Materials

    11832.00

    +62.00

    0.53%

    Telecommunication

    1199.40

    +5.70

    0.48%

    Utilities

    7649.00

    +6.50

    0.09%

  • Asia

    25 September 2018   Updated : 16:12   AEDT

    NZ50

    9345.960

    +8.450

    0.090%

    Nikkei 225

    23925.57

    +55.64

    0.23%

    Hang Seng

    27499.39

    -454.19

    -1.62%

    Click item/line to change chart

  • Australasia

    25 September 2018   Updated : 16:12   AEDT

    AUD/USD

    0.7243

    0.00

    -0.45%

    AUD/NZD

    1.0907

    0.00

    -0.04%

    NZD/USD

    0.6640

    0.00

    -0.43%

    AUD/JPY

    81.77

    -0.20

    -0.24%

    SGD/AUD

    1.01

    +0.00

    0.28%

    AUD/EUR

    0.6166

    0.00

    -0.23%

    AUD/GBP

    0.5526

    0.00

    -0.27%

  • World

    25 September 2018   Updated : 16:12   AEDT

    CAD/USD

    0.7715

    0.00

    -0.17%

    EUR/JPY

    132.59

    -0.06

    -0.04%

    EUR/USD

    1.1747

    0.00

    -0.22%

    GBP/USD

    1.3106

    0.00

    -0.18%

    USD/JPY

    112.88

    +0.21

    0.19%

    Click item/line to change chart

  • World

    25 September 2018   Updated : 16:12   AEDT

    FTSE100

    7458.41

    -31.82

    -0.42%

    DAX30

    12350.82

    -80.06

    -0.64%

    DJIA

    26562.05

    -181.45

    -0.68%

    S&P500

    2919.37

    -10.30

    -0.35%

    Nasdaq Comp

    7993.25

    +6.29

    0.08%

    S&P500 VIX

    12.20

    +0.52

    4.45%

    US 10-year yield

    3.078

    +0.010

    0.330%

    USD Index

    94.25

    +0.03

    0.03%

  • Aus Stocks

    25 September 2018   Updated : 16:12   AEDT

    BHP (UK)

    1671.20

    0.00

    0.00%

    Rio (UK)

    3909.00

    0.00

    0.00%

    BHP (US)

    49.19

    -0.03

    -0.06%

    Rio (US)

    51.48

    -0.09

    -0.17%

    ResMed (US)

    113.99

    +0.18

    0.16%

    South32 (UK)

    212.40

    0.00

    0.00%

    James Hardie (US)

    15.15

    -0.18

    -1.17%

    Telstra (US)

    11.43

    -

    -

    Westpac (US)

    20.42

    -0.06

    -0.29%

    Click item/line to change chart

  • Spot Metals & Minerals

    25 September 2018   Updated : 07:43   AEDT

    Gold (oz)

    1198.80

    +0.10

    0.01%

    Silver (oz)

    14.23

    -0.02

    -0.14%

    Copper (lb)

    2.8363

    +0.02

    0.55%

    Aluminium (lb)

    0.9137

    -0.02

    -1.84%

    Lead (lb)

    0.9219

    +0.02

    1.65%

    Nickel (lb)

    5.7818

    -0.16

    -2.67%

    Zinc (lb)

    1.1336

    +0.01

    0.96%

    Copper (t)

    6253.00

    +34.00

    0.55%

    Aluminium (t)

    2014.00

    -38.00

    -1.85%

    Lead (t)

    2032.00

    +33.00

    1.65%

    Nickel (t)

    12747.00

    -350.00

    -2.67%

    Zinc (t)

    2499.00

    +24.00

    0.97%

    Uranium (lb) weekly

    27.65

    +0.45

    1.65%

  • Commodities Futures

    25 September 2018   Updated : 07:43   AEDT

    West Texas Crude (Nov)

    72.27

    +1.49

    2.11%

    Brent Crude (Nov)

    81.44

    +2.64

    3.35%

    Iron Ore (t) futures

    68.68

    -0.01

    -0.01%

CALENDAR

Tuesday, 25 September 2018
JP minutes of BoJ meeting
US Case-Shiller house price index, Jul
US Conference Board consumer confidence, Sep
US FHFA house price index, Jul
US Richmond Fed mfg index, Sep
BWR ex-div 5c
GDG ex-div 1c
RND ex-div 125c
TBR ex-div 350c
WPP ex-div 2.3c
Wednesday, 26 September 2018
NZ trade balance, Aug
US durable goods orders, Aug

ALL WEATHER STOCKS

Code Company Price
AMC AMCOR LIMITED

$13.64

ARB ARB CORPORATION LIMITED

$19.45

CSL CSL LIMITED

$205.17

REA REA GROUP LIMITED

$85.91

RMD RESMED INC

$15.73

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FNARENA TALKS

FNARENA WINDOWS

Window on MINING

Material Matters: Metals, Aluminium & Coal

A glance through the latest expert views and predictions about commodities. Base, precious metals; aluminium; and thermal coal.

3:04 PM


Window on STEEL & SCRAP

Confidence In Sims Metal Takes A Hit

Confidence in Sims Metal has taken a hit, brokers suggest, after the company downgraded guidance for first quarter earnings less than a month after reiterating it at investor briefings.

1:04 PM


Window on DIVERSIFIED FINANCIALS

Upside Trend For Seven Group

Michael Gable of Fairmont Equities suggests any dip in the share price of Seven Group Holdings is a buying opportunity.

11:14 AM


FEATURE STORIES

August 2018 Reporting Season Wrap

With reporting season now complete, we table the numbers and compare this season with those past.

Sep 12 2018