FINANCIAL NEWS

Afterpay: It’s Hip To Be Square

Afterpay’s weak quarter was ignored following a bid from Square which brokers acknowledge is advantageous, if a bit cheap, with competing suitors unlikely

12:09 PM


Australian Listed Investment Company Report – August 2021

Independent Investment Research updates developments among Australia’s listed investment companies and provides comparative data

11:32 AM


Uranium Week: Uranium Company Updates 

As the uranium spot price remained unchanged last week, the world’s largest uranium company and several small ASX-listed companies released financial results

10:57 AM


CBA: On Track For New Highs

Michael Gable of Fairmont Equities notes that after a “false break”, Commonwealth Bank is now set for another run

10:30 AM


Treasure Chest: Opportunity In oOh!media

FNArena’s Treasure Chest reports on money making ideas from stockbrokers and other experts. Is there an opportunity in outdoor advertiser oOh!media? Goldman Sachs joins the believers, initiating coverage of the stock

10:00 AM


Macquarie rates JHG as Outperform

Earnings upgrades provide scope for further multiple upside, Macquarie suggests. The broker notes flow momentum has improved slightly while, on an underlying basis, adjusted operating income was $269.3m, well ahead of expectations.

Equities were the main drag during the quarter while multi-asset and alternatives provided a positive offset. Outperform maintained. Target rises to $63.50 from $56.00.

UBS rates ORG as Buy

Very soft guidance for FY22 Energy Markets earnings (EBITDA) and -$2.5bn of non-cash charges overshadowed a solid June quarter result from APLNG, in the opinion of UBS. The guidance is estimated to imply a -47% fall at the midpoint year-on-year.

The broker's prior forecast expected a -30% fall and factored in lower electricity prices and higher gas procurement costs. This is considered due to failing to hedge exposure to high coal prices, which have risen 70% since May.

Hence, the analyst cuts FY22 Energy Markets earnings by a further -21% to $539m, while at the same time noting FY23 Energy Markets guidance points to a solid recovery from FY22. UBS lowers its price target to $4.75 from $5.15 and retains its Buy rating.

Morgans rates RCW as Hold

Morgans retains its Hold rating and $0.39 target price after Rightcrowd's fourth quarter annual recurring revenue (ARR) doubled year-on-year, marginally ahead of guidance. Revenue booked was a estimated to be a marginal miss.

The broker notes the year ended with $9.9m of cash, which equates to 2.7 quarters of funding based on the fourth quarter cash burn rate. While costs stepped up substantially, they were considered to include a number of one-offs costs. 

The analyst anticipates operating expenses should drop by -$1m per annum, as the acquired Offsite Vision settles into the core business.

Click here to see full report

ANALYSIS & DATA

FNARENA'S MARKET CONSENSUS FORECASTS

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

ORG | ORIGIN ENERGY LIMITED

Abbreviated format - see the full version here


LAST PRICE CHANGE +/- CHANGE % VOLUME

$4.25

02 Aug
2021

0.140

OPEN

$4.11

3.41%

HIGH

$4.29

0

LOW

$4.10

TARGET
$4.810 13.2% upside
Franking for last dividend paid out: 0%
FNARENA'S MARKET CONSENSUS FORECASTS
ORG: 1
Title FY19
Actual
FY20
Actual
FY21
Forecast
FY22
Forecast
EPS (cps) xxx 4.7 20.0 xxx
DPS (cps) xxx 25.0 18.9 xxx
EPS Growth xxx - 93.1% 100.0% xxx
DPS Growth xxx 0.0% - 24.2% xxx
PE Ratio xxx N/A 21.9 xxx
Dividend Yield xxx N/A 4.3% xxx
Div Pay Ratio(%) xxx 529.7% 94.9% xxx

RUDI ON TWITTER

FIND US ON
Facebooktwitter

DAILY FINANCIAL NEWS

Afterpay: It’s Hip To Be Square

Afterpay’s weak quarter was ignored following a bid from Square which brokers acknowledge is advantageous, if a bit cheap, with competing suitors unlikely

12:09 PM - Australia


Michael Gable of Fairmont Equities notes that after a “false break”, Commonwealth Bank is now set for another run

10:30 AM - Technicals


FNArena’s Treasure Chest reports on money making ideas from stockbrokers and other experts. Is there an opportunity in outdoor advertiser oOh!media? Goldman Sachs joins the believers, initiating coverage of the stock

10:00 AM - Treasure Chest


Another downgrade to FY22 guidance by Origin Energy has signalled continued pressure on the balance sheet, only likely to be mitigated by the distribution from APLNG

Aug 02 2021 - Australia


Big capital is encouraging sovereign social bond issuance as a means to achieving the UN’s Sustainable Development Goals, but everyone’s a critic

Aug 02 2021 - ESG Focus


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

Jul 30 2021 - Australia


RUDI'S VIEWS

Rudi’s View: August Results; Anticipation & Trepidation

In this week's Weekly Insights: -August Results: Anticipation & Trepidation-Predicting The Next Index Changes-Conviction Calls-Research To Download-FNArena Talks By Rudi…

Jul 29 2021

DAILY MARKET REPORTS

The Overnight Report: Soggy Start

Macro and virus concerns have put a dampener on the first trading day of August in the US. Dow down -97. (Available for non-subscribers after 10am)

9:18 AM


Today’s Financial Calendar – 03-08-2021

Significant Scheduled Events For 03 August, 2021

8:15 AM


Australian Broker Call *Extra* Edition – Aug 02, 2021

Extra Edition of the Broker Call Report

Aug 02 2021


The Monday Report – 02 August 2021

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

Aug 02 2021


Today’s Financial Calendar – 02-08-2021

Significant Scheduled Events For 02 August, 2021

Aug 02 2021


The Overnight Report: Old News

A big miss of US GDP forecasts left Wall Street undeterred last night. Dow up 153. (Available for non-subscribers after 10am)

Jul 30 2021


Today’s Financial Calendar – 30-07-2021

Significant Scheduled Events For 30 July, 2021

Jul 30 2021


WEEKLY REPORTS

Australian Listed Investment Company Report – August 2021

Independent Investment Research updates developments among Australia’s listed investment companies and provides comparative data

11:32 AM

Uranium Week: Uranium Company Updates 

As the uranium spot price remained unchanged last week, the world’s largest uranium company and several small ASX-listed companies released financial results

10:57 AM

Australian Listed Real Estate Tables – 02-08-2021

A weekly update of listed real estate trusts (REIT) and property developers data

Aug 02 2021


Weekly Ratings, Targets, Forecast Changes – 30-07-21

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

Aug 02 2021

Weekly Top Ten News Stories – 30 July 2021

Our top ten news stories from 22 July 2021 to 29 July 2021

Jul 30 2021

Next Week At A Glance – 2-6 Aug 2021

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

Jul 30 2021


The Wrap: Robo Advice, China, Lockdowns, and Listed Property

Weekly Broker Wrap: The rise of Robo advice, China’s growth U-turn, lockdown hits GDP, listed property feels lockdown impact

Jul 30 2021

The Short Report – 29 Jul 2021

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

Jul 29 2021

Why Listed Online Retailers Are Not All Equal

The New Criterion’s Tim Boreham explores why not every ASX-listed online retailer has enjoyed equal benefit from the pandemic

Jul 28 2021


RUDI ON TWITTER

FIND US ON
Facebooktwitter

THE MARKETS

    Click item/line to change chart

  • Australia

    03 August 2021   Updated : 20:12   AEDT

    SPI Overnight (Jun)

    7367.00

    -19.00

    -0.26%

    All Ordinaries

    7750.50

    -10.00

    -0.13%

    S&P ASX 200

    7474.50

    -16.90

    -0.23%

    S&P ASX 300

    7469.10

    -14.60

    -0.20%

    Consumer Discretionary

    3499.80

    -1.60

    -0.05%

    Consumer Staples

    13574.00

    -2.90

    -0.02%

    Energy

    7854.00

    -111.00

    -1.39%

    Financials

    6501.70

    -30.50

    -0.47%

    Health Care

    45586.10

    +68.50

    0.15%

    Industrials

    6460.20

    -37.70

    -0.58%

    Info Technology

    2258.60

    +94.80

    4.38%

    Materials

    18260.40

    -156.90

    -0.85%

    Telecommunication

    1490.80

    -0.50

    -0.03%

    Utilities

    6069.80

    +51.90

    0.86%

  • Asia

    03 August 2021   Updated : 20:12   AEDT

    NZ50

    9214.870

    -42.310

    -0.460%

    Nikkei 225

    27641.83

    -139.19

    -0.50%

    Hang Seng

    26194.82

    -40.98

    -0.16%

    Click item/line to change chart

  • Australasia

    03 August 2021   Updated : 20:12   AEDT

    AUD/USD

    0.7395

    +0.00

    0.45%

    AUD/NZD

    1.0554

    +0.00

    0.09%

    NZD/USD

    0.7007

    +0.00

    0.36%

    AUD/JPY

    80.76

    +0.10

    0.13%

    SGD/AUD

    1.00

    0.00

    -0.43%

    AUD/EUR

    0.6224

    +0.00

    0.57%

    AUD/GBP

    0.5314

    +0.00

    0.45%

    AUDCAD

    0.9251

    +0.01

    0.88%

  • World

    03 August 2021   Updated : 20:12   AEDT

    CAD/USD

    0.7995

    0.00

    -0.42%

    EUR/JPY

    129.77

    -0.54

    -0.42%

    EUR/USD

    1.1883

    0.00

    -0.09%

    GBP/USD

    1.3915

    0.00

    -0.03%

    USD/JPY

    109.21

    -0.36

    -0.33%

    Click item/line to change chart

  • World

    03 August 2021   Updated : 20:12   AEDT

    FTSE100

    7111.44

    +29.72

    0.42%

    DAX30

    15585.10

    +16.37

    0.11%

    DJIA

    34838.16

    -97.31

    -0.28%

    S&P500

    4387.16

    -8.10

    -0.18%

    Nasdaq Comp

    14681.07

    +8.39

    0.06%

    S&P500 VIX

    18.75

    +0.51

    2.80%

    US 10-year yield

    1.174

    -0.065

    -5.250%

    USD Index

    92.07

    -0.10

    -0.11%

  • Aus Stocks

    03 August 2021   Updated : 20:12   AEDT

    BHP (UK)

    2352.00

    +3.00

    0.13%

    Rio (UK)

    6249.00

    +33.00

    0.53%

    BHP (US)

    78.41

    -0.17

    -0.22%

    Rio (US)

    87.30

    +0.99

    1.15%

    ResMed (US)

    268.63

    -3.17

    -1.17%

    South32 (UK)

    159.62

    +1.62

    1.03%

    James Hardie (US)

    34.06

    +0.30

    0.89%

    Telstra (US)

    13.89

    -0.06

    -0.43%

    Janus Henderson (US)

    41.42

    -0.42

    -1.00%

    Westpac (US)

    18.21

    +0.29

    1.62%

    Newcrest (CA)

    24.20

    0.00

    0.00%

    Click item/line to change chart

  • Spot Metals & Minerals

    03 August 2021   Updated : 07:32   AEDT

    Gold (oz)

    1813.30

    -0.50

    -0.03%

    Silver (oz)

    25.40

    -0.06

    -0.24%

    Copper (lb)

    4.3920

    -0.02

    -0.42%

    Aluminium (lb)

    1.1859

    +0.01

    1.08%

    Lead (lb)

    1.1064

    +0.01

    1.21%

    Nickel (lb)

    8.8898

    +0.00

    0.02%

    Zinc (lb)

    1.3861

    +0.01

    0.98%

    Copper (t)

    9683.00

    -41.00

    -0.42%

    Aluminium (t)

    2614.00

    +28.00

    1.08%

    Lead (t)

    2439.00

    +29.00

    1.20%

    Nickel (t)

    19599.00

    +4.00

    0.02%

    Zinc (t)

    3056.00

    +30.00

    0.99%

    Uranium (lb) weekly

    32.50

    0.00

    0.00%

  • Commodities Futures

    03 August 2021   Updated : 07:32   AEDT

    West Texas Crude

    71.26

    -2.69

    -3.64%

    Brent Crude

    73.20

    -2.21

    -2.93%

    Iron Ore (t)

    183.40

    +2.90

    1.61%

CALENDAR

Tuesday, 3 August 2021
AU building approvals, Jun
AU housing finance, Jun
AU RBA policy meeting
JP CPI, Jul
EZ PPI, Jun
US factory orders, Jun
CCP earnings result
COF earnings result
Wednesday, 4 August 2021
NZ unemployment, Q2
AU retail sales, Jun (final)
EZ retail sales, Jun
US ADP private sector unemployment, Jul

ALL WEATHER STOCKS

Code Company Price
COL COLES GROUP LIMITED

$17.92

CSL CSL LIMITED

$294.31

REA REA GROUP LIMITED

$166.12

RMD RESMED INC

$36.34

TNE TECHNOLOGY ONE LIMITED

$9.47

WEEKLY PDF

Stories To Read From FNArena


WEEK 31

WEEK 30

WEEK 29

WEEK 28

WEEK 27

FNARENA TALKS

FNARENA WINDOWS

Window on BUSINESS & CONSUMER CREDIT

Afterpay: It’s Hip To Be Square

Afterpay’s weak quarter was ignored following a bid from Square which brokers acknowledge is advantageous, if a bit cheap, with competing suitors unlikely

12:09 PM


Window on URANIUM

Uranium Week: Uranium Company Updates 

As the uranium spot price remained unchanged last week, the world’s largest uranium company and several small ASX-listed companies released financial results

10:57 AM


Window on BANKS

CBA: On Track For New Highs

Michael Gable of Fairmont Equities notes that after a “false break”, Commonwealth Bank is now set for another run

10:30 AM


SMSFUNDAMENTALS

SMSFundamentals: Are Traditional Retiree Income Strategies Flawed?

Martin Currie Australia argues that a focus on equity-based investment solutions that solve a client’s income needs is more important than ever in a post covid world

Jul 20 2021


FEATURE STORIES

Beyond Bitcoin: Ethereum and DeFi

In Part III of FNArena’s exploration of crypto currency, we examine the rise of Ethereum, and the implications of Ethereum’s far more extensive application capacity. An error in the original publication has now been addressed

Jun 28 2021


Bitcoin Versus Gold

May 31 2021