FINANCIAL NEWS
Afterpay Has Expansion Well In Sight
Afterpay’s expansion is going from strength to strength and the company has undertaken several risk management strategies to shore up its balance sheet.
1:34 PM
Australian Broker Call *Extra* Edition – Jul 08, 2020
Extra Edition of the Broker Call Report
12:47 PM
28 Stocks I’ve Been Following
Peter Switzer of the Switzer Report revisits 28 stocks showing upside potential at the March bottom.
10:54 AM
Material Matters: Gold, Thermal And Met Coal
A glance through the latest expert views and predictions about commodities. Downside risks for Aussie gold producers in FY21 on account of higher costs; no takers for thermal and met coal; Iron ore demand to see a material boost from rising steel output in China
10:34 AM
SPONSORED: GTR Expands Utah Uranium Exploration Interests
GTI Resources has doubled the size of its uranium project areas by acquiring adjacent past producing mineral leases in the Henry Mountains Utah, USA
10:24 AM
Credit Suisse rates CCL as Downgrade to Neutral from Outperform
Credit Suisse observes early signs consumers are seeking value in the beverage category. Discounted water volumes have started to grow again.
The broker is also concerned about the short-term impact of the renewed lockdown in Victoria.
Until the uncertainty around the operating performance clears, Credit Suisse downgrades to Neutral from Outperform.
Target is lowered to $9.00 from $10.00.
UBS rates IMD as Buy
Imdex has acquired AusSpec International, an NZ-based provider of spectral mineralogy, for $8.5m. This expands the company's capabilities in mineralogy.
The acquisition is expected to be positive for cash flow immediately. UBS observes the acquisition is strategic and consistent with the company's strategy to provide a complete rock knowledge solution.
The broker retains a Buy rating and $1.30 target.
Morgan Stanley rates PSQ as Overweight
Pacific Smiles has signed a ten year agreement with the fifth largest private health insurer – HBF – under which HBF will build and operate five HBF dental centres in the next 18 months.
Pacific Smiles will receive a percentage of revenue in exchange for support during construction and operation of the centres.
Morgan Stanley considers Pacific Smiles to have the strongest corporatised dental model in Australia with a strategy based on economics, consistent network and a compelling value proposition to customers, dentists, staff and private health insurers.
The threat of lockdowns and centre closures could lead to lower earnings but the broker expects network size, capacity and market position to keep improving.
Morgan Stanley maintains its Overweight rating with the target price increasing to $2 from $1.80. Industry view: In-line.
Click here to see full report 
ANALYSIS & DATA
MARKET CONSENSUS FORECAST
To display the stock analysis for a company please enter the company code:
MFG | MAGELLAN FINANCIAL GROUP LIMITED
Abbreviated format - see the full version here
| LAST PRICE | CHANGE +/- | CHANGE % | VOLUME |
|---|---|---|---|
|
$61.96 08 Jul |
OPEN $63.11 |
HIGH $63.73 |
304,990 LOW $61.96 |
-2.050| TARGET | |||
| $53.921 -13.0% downside | |||
| Franking for last dividend paid out: 75% |
| Title | FY18 Actual |
FY19 Actual |
FY20 Forecast |
FY21 Forecast |
|---|---|---|---|---|
| EPS (cps) | 122.0 | 213.1 | 237.7 | 237.7 |
| DPS (cps) | 134.5 | 185.2 | 214.6 | 214.7 |
| EPS Growth | 4.4% | 74.7% | 11.5% | 0.0% |
| DPS Growth | 57.1% | 37.7% | 15.8% | 0.1% |
| PE Ratio | N/A | N/A | 26.1 | 26.1 |
| Dividend Yield | N/A | N/A | 3.5% | 3.5% |
| Div Pay Ratio(%) | 110.2% | 86.9% | 90.3% | 90.3% |
DAILY FINANCIAL NEWS
Afterpay Has Expansion Well In Sight
Afterpay’s expansion is going from strength to strength and the company has undertaken several risk management strategies to shore up its balance sheet.
1:34 PM - Australia
Peter Switzer of the Switzer Report revisits 28 stocks showing upside potential at the March bottom.
10:54 AM - FYI
A glance through the latest expert views and predictions about commodities. Downside risks for Aussie gold producers in FY21 on account of higher costs; no takers for thermal and met coal; Iron ore demand to see a material boost from rising steel output in China
10:34 AM - Commodities
SPONSORED: GTR Expands Utah Uranium Exploration Interests
GTI Resources has doubled the size of its uranium project areas by acquiring adjacent past producing mineral leases in the Henry Mountains Utah, USA
10:24 AM - FYI
Fashion jewellery is likely to remain relatively low on the list of consumer purchases for now but, over the longer term, Lovisa is considered well placed for a recovery in demand.
10:00 AM - Small Caps
Pressure on ASX earnings is likely to build throughout FY21, with derivatives providing the main area of weakness.
Jul 07 2020 - Australia
RUDI'S VIEWS
Lessons Learned From 5.5 Years Of All-Weather Portfolio
Lessons Learned From 5.5 Years All-Weather Portfolio By Rudi Filapek-Vandyck, Editor FNArena Excluding any unforeseen calamities with the June 30…
Jul 02 2020
DAILY MARKET REPORTS
Australian Broker Call *Extra* Edition – Jul 08, 2020
Extra Edition of the Broker Call Report
12:47 PM
The Overnight Report: Feeling Ill
Wall Street finally sapped its winning streak last night, bowing to an undeniable epidemiological threat. Dow down -396. (Available for non-subscribers after 10am)
9:12 AM
The Overnight Report: Accentuate The Positive
Accelerating US case count? No worries. Dow up 459. (Available for non-subscribers after 10am)
Jul 07 2020
The Monday Report – 06 July 2020
Wrap of events affecting the market on Friday night and the weekend and a preview of the week ahead.
Jul 06 2020
WEEKLY REPORTS
Uranium Week: Drifting Away
Uranium prices continue to drift lower on lack of utility interest while the virus continues to add extra uncertainty
Jul 07 2020
Short Term Pain, Long Term Gain For Battery Metals
The New Criterion’s Tim Boreham assesses the issues facing producers of lithium, graphite and cobalt, highlighting two small Australian miners.
Jul 06 2020
Weekly Ratings, Targets, Forecast Changes – 03-07-20
Weekly update on stockbroker recommendation, target price, and earnings forecast changes.
Jul 06 2020
Weekly Top Ten News Stories – 3 July 2020
Our top ten news stories from 25 June 2020 to 02 July 2020
Jul 03 2020
Next Week At A Glance – 6-10 Jul 2020
A brief look at important company events and economic data releases next week.
Jul 03 2020
The Wrap: Consumer Survey, TPG Merger And Supermarkets
Weekly Broker Wrap: Lingering aftereffects of the pandemic; The merged TPG Corp to have strong growth prospects; Managing margins will define FY21 for supermarkets
Jul 03 2020
The Short Report – 02 Jul 2020
FNArena’s weekly update on short positions in the Australian share market.
Jul 02 2020
Australian Corporate Bond Price Tables – 02-07-20
FNArena provides a weekly update of Australian listed corporate bond issues, current pricing and yield data.
Jul 02 2020
Uranium Week: Issues Of Supply And Demand
Global uranium production is significantly curtailed while utilities have been running down inventories due to uncertainty. Something soon has to give.
Jun 30 2020
THE MARKETS
-
Asia
08 July 2020 Updated : 14:42 AEDT
NZ50
9214.870
-42.310
-0.460%
Nikkei 225
22506.06
-108.63
-0.48%
Hang Seng
26063.51
+87.85
0.34%
-
World
08 July 2020 Updated : 14:42 AEDT
CAD/USD
0.7350
0.00
-0.23%
EUR/JPY
121.27
-0.15
-0.13%
EUR/USD
1.1277
+0.00
0.04%
GBP/USD
1.2553
+0.01
0.60%
USD/JPY
107.55
-0.18
-0.16%
-
Aus Stocks
08 July 2020 Updated : 14:42 AEDT
BHP (UK)
1649.40
-15.80
-0.95%
Rio (UK)
4570.00
+20.00
0.44%
BHP (US)
49.92
-0.51
-1.01%
Rio (US)
56.91
-0.04
-0.07%
ResMed (US)
191.47
-2.15
-1.11%
South32 (UK)
114.80
-2.20
-1.88%
James Hardie (US)
19.39
+0.14
0.73%
Telstra (US)
11.76
-0.06
-0.51%
Westpac (US)
12.46
-0.43
-3.34%
Click item/line to change chart
Click item/line to change chart
CALENDAR
Wednesday, 8 July 2020
NZ CPI & PPI, Jun Thursday, 9 July 2020
NZ business confidence, Jul AU housing finance, May CH CPI & PPI, Jun CQR EGM Friday, 10 July 2020
JP PPI, Jun US PPI, Jun Tuesday, 14 July 2020
AU NAB business confidence, Jun CH trade balance, Jun EZ industrial production, May ALL WEATHER STOCKS
Code Company Price COL COLES GROUP LIMITED 
$17.84
CSL CSL LIMITED 
$284.88
REA REA GROUP LIMITED
$105.10
RMD RESMED INC
$27.28
TNE TECHNOLOGYONE LIMITED
$9.06
WEEKLY PDF
Stories To Read From FNArena
WEEK 27
WEEK 26
WEEK 25
WEEK 24
WEEK 23
FNARENA TALKS
-
Click item/line to change chart
-
Click item/line to change chart
FNARENA WINDOWS
Window on BUSINESS & CONSUMER CREDIT
Afterpay Has Expansion Well In Sight
Afterpay’s expansion is going from strength to strength and the company has undertaken several risk management strategies to shore up its balance sheet.
1:34 PM
Window on SOFTWARE & SERVICES
Australian Broker Call *Extra* Edition – Jul 08, 2020
Extra Edition of the Broker Call Report
12:47 PM
Window on GOLD & SILVER
Material Matters: Gold, Thermal And Met Coal
A glance through the latest expert views and predictions about commodities. Downside risks for Aussie gold producers in FY21 on account of higher costs; no takers for thermal and met coal; Iron ore demand to see a material boost from rising steel output in China
10:34 AM
SMSFUNDAMENTALS
SMSFundamentals: Australians Largely Uninformed About Their Super
Australian super accounts have taken massive hits throughout the coronavirus pandemic highlighting the lack of knowledge the average Australian has about how their super fund works.
Jun 23 2020