FINANCIAL NEWS
Aristocrat Leisure Gambles On Playtech
Aristocrat Leisure has seized the moment, launching a takeover of Playtech to quickly expand its presence in the iGaming market
Oct 19 2021
Zip Co’s Slowing Growth Divides
Zip Co endured a seasonally weak first quarter and, despite robust growth rates, not all brokers are forgiving
Oct 19 2021
Australian Broker Call *Extra* Edition – Oct 19, 2021
Extra Edition of the Broker Call Report
Oct 19 2021
Megaport: One To Watch
Michael Gable of Fairmont Equities notes Megaport has rallied back towards strong resistance and a break would imply a return to upside
Oct 19 2021
Uranium Week: Kazatomprom’s New Fund
After last week’s 23% rise in the weekly spot uranium price, Kazatomprom begins the new week by announcing the establishment of a new physical uranium fund
Oct 19 2021
Credit Suisse rates ALL as Outperform
Aristocrat Leisure has announced the cash acquisition of Playtech for $5bn, allowing Aristocrat Leisure to fill a strategic gap and enter the US iGaming space.
Credit Suisse notes while the acquisition can add significant value, there is execution risk over the next three years and awaits further details on Aristocrat Leisure's plan.
The Outperform rating and target price of $50.30 are retained.
Macquarie rates CVN as Neutral
Carnarvon Petroleum is increasing drilling activity as Buffalo, Apus and Parvo are all expected to commence in the next six months.
Dorado is also progressing and with a net capital commitment of -$550m, Macquarie suspects the company may need to sell down its stake (20%) and raise project debt to participate in the final investment decision.
The broker retains a Neutral rating and $0.33 target.
Morgan Stanley rates TPW as Overweight
After a trading update, Morgan Stanley feels there are upside risks to consensus forecasts for revenue and earnings. It's thought $1bn in revenue in four to five years is achievable, due to a dominant position and potential online migration and share gains.
Revenue rose 56% year-on-year from 1 July to 15 October, an acceleration from 49% year-on-year from 1 July to 27 August. This implies to the analyst that growth accelerated to 65% from 28 August to 15 October.
The Overweight rating and target price of $16.00 are retained. Industry view: In-Line.
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ANALYSIS & DATA
FNARENA'S MARKET CONSENSUS FORECASTS
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TPW | TEMPLE & WEBSTER GROUP LIMITED
Abbreviated format - see the full version here
| LAST PRICE | CHANGE +/- | CHANGE % | VOLUME |
|---|---|---|---|
|
$13.04 18 Oct |
OPEN $13.62 |
HIGH $14.03 |
579,672 LOW $12.96 |
-0.370| TARGET | |||
| $15.113 15.9% upside |
| Title | FY20 Actual |
FY21 Actual |
FY22 Forecast |
FY23 Forecast |
|---|---|---|---|---|
| EPS (cps) | xxx | 11.6 | 8.2 | xxx |
| DPS (cps) | xxx | 0.0 | 0.0 | xxx |
| EPS Growth | xxx | - 5.5% | - 29.7% | xxx |
| DPS Growth | xxx | N/A | N/A | xxx |
| PE Ratio | xxx | N/A | 154.7 | xxx |
| Dividend Yield | xxx | N/A | 0.0% | xxx |
| Div Pay Ratio(%) | xxx | 0.0% | 0.0% | xxx |
DAILY FINANCIAL NEWS
Aristocrat Leisure Gambles On Playtech
Aristocrat Leisure has seized the moment, launching a takeover of Playtech to quickly expand its presence in the iGaming market
Oct 19 2021 - Australia
Zip Co endured a seasonally weak first quarter and, despite robust growth rates, not all brokers are forgiving
Oct 19 2021 - Australia
Michael Gable of Fairmont Equities notes Megaport has rallied back towards strong resistance and a break would imply a return to upside
Oct 19 2021 - Technicals
In what could be classed as an overreaction, Pendal Group disappointed the market, as outflows from the latest acquisition dominated the headlines
Oct 18 2021 - Australia
As people once again enjoy wining and dining Treasury Wine expects earnings growth will ramp up across its operating regions
Oct 18 2021 - Australia
As the world prepares to re-open for international travel, countries need to find common ground on vaccine passport approvals
Oct 18 2021 - International
PR NEWSWIRE
FDA Pre-Submission for Saliva-Based Glucose Test to Replace Invasive Finger-Prick
Oct 19 2021 - PR NewsWire
Clipsal takes home Gold at 2021 Sydney Design Awards
Oct 19 2021 - PR NewsWire
PlayUp live in NJ, enters US’s largest sports betting market
Oct 19 2021 - PR NewsWire
Club Wyndham Resorts Deliver Sustainable Stays
Oct 19 2021 - PR NewsWire
Melbourne Capital Group names Mark Owens as Head of Private Wealth
Oct 19 2021 - PR NewsWire
Australian businesses invited to advance the future of healthcare technologies in the Medtronic APAC Innovation Challenge
Oct 19 2021 - PR NewsWire
RUDI'S VIEWS
Rudi’s View: BHP, Codan, Macquarie, Santos And QBE
In this week's Weekly Insights: -Forecasts Are Falling-Conviction Calls-Research To Download By Rudi Filapek-Vandyck, Editor FNArena Forecasts Are Falling As…
Oct 14 2021
DAILY MARKET REPORTS
Australian Broker Call *Extra* Edition – Oct 19, 2021
Extra Edition of the Broker Call Report
Oct 19 2021
The Overnight Report: Beware The Beast
Inflation concerns across the globe have yields on the rise, but Wall Street is taking it in its stride. Dow down -36. (Available for non-subscribers after 10am)
Oct 19 2021
Today’s Financial Calendar – 19-10-2021
Significant Scheduled Events For 19 October, 2021
Oct 19 2021
The Monday Report – 18 October 2021
Wrap of events affecting the market on Friday night and the weekend and a preview of the week ahead
Oct 18 2021
Today’s Financial Calendar – 18-10-2021
Significant Scheduled Events For 18 October, 2021
Oct 18 2021
The Overnight Report: And We’re Off
Last night’s earnings results had Wall Street off to a flier for the opening of the season. Dow up 534. (Available for non-subscribers after 10am)
Oct 15 2021
Today’s Financial Calendar – 15-10-2021
Significant Scheduled Events For 15 October, 2021
Oct 15 2021
WEEKLY REPORTS
Uranium Week: Kazatomprom’s New Fund
After last week’s 23% rise in the weekly spot uranium price, Kazatomprom begins the new week by announcing the establishment of a new physical uranium fund
Oct 19 2021
Australian Listed Real Estate Tables – 18-10-2021
FNArena provides a weekly update of Australian listed property stocks, current pricing yield and valuation data
Oct 18 2021
Weekly Ratings, Targets, Forecast Changes – 15-10-21
Weekly update on stockbroker recommendation, target price, and earnings forecast changes
Oct 18 2021
Weekly Top Ten News Stories – 15 October 2021
Our top ten news stories from 07 October 2021 to 14 October 2021
Oct 15 2021
Next Week At A Glance – 18-22 Oct 2021
A brief look at important company events and economic data releases next week
Oct 15 2021
The Wrap: Platforms, Insurers Managed Funds, Emerging Green Companies & Fraud
Weekly Broker Wrap: Platform players; insurers; managed funds; emerging green companies; and investment scams
Oct 15 2021
The Short Report – 14 Oct 2021
FNArena’s weekly update on short positions in the Australian share market
Oct 14 2021
Hidden Gems: Profitable Small Caps Forging Export Markets
The New Criterion’s Tim Boreham fossicks for Australia’s quiet achievers in global markets and finds glimmers of hope
Oct 13 2021
Uranium Week: Net Zero Puts Nuclear In Focus
As the weekly spot uranium price falls for the third consecutive week, the importance of nuclear power was reinforced by governments in Japan and the UK
Oct 12 2021
THE MARKETS
-
Asia
19 October 2021 Updated : 20:12 AEDT
NZ50
9214.870
-42.310
-0.460%
Nikkei 225
29215.52
+190.06
0.65%
Hang Seng
25787.21
+377.46
1.49%
-
World
19 October 2021 Updated : 20:12 AEDT
CAD/USD
0.8116
+0.01
0.66%
EUR/JPY
132.85
+0.42
0.32%
EUR/USD
1.1660
+0.01
0.67%
GBP/USD
1.3793
+0.01
0.54%
USD/JPY
113.94
-0.40
-0.35%
-
Aus Stocks
19 October 2021 Updated : 20:12 AEDT
BHP (UK)
2012.13
+24.53
1.23%
Rio (UK)
5083.00
+81.00
1.62%
BHP (US)
58.01
+0.53
0.92%
Rio (US)
70.18
-0.25
-0.35%
ResMed (US)
256.99
+1.50
0.59%
South32 (UK)
210.70
-4.30
-2.00%
James Hardie (US)
37.28
+0.31
0.84%
Telstra (US)
14.36
0.00
0.00%
Janus Henderson (US)
44.76
-0.13
-0.29%
Westpac (US)
18.92
-0.08
-0.42%
Newcrest (CA)
22.45
+0.05
0.22%
Click item/line to change chart
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CALENDAR
Wednesday, 20 October 2021
JP trade balance, Sep EZ CPI, Sep UK CPI & PPI, Sep US Fed Beige Book ALX quarterly report DMP investor day DRR AGM EVN quarterly production report FLT AGM HRL AGM ORG AGM OZL quarterly production report PAN AGM ALL WEATHER STOCKS
Code Company Price COL COLES GROUP LIMITED 
$17.81
CSL CSL LIMITED
$296.18
REA REA GROUP LIMITED
$154.51
RMD RESMED INC
$35.16
TNE TECHNOLOGY ONE LIMITED
$12.49
WEEKLY PDF
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WEEK 42
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FNARENA TALKS
Reinventing Income In Australian Shares
Mar 31 2021
Investing in 2021: World Upside Down
Mar 18 2021
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FNARENA WINDOWS
Window on GAMING
Aristocrat Leisure Gambles On Playtech
Aristocrat Leisure has seized the moment, launching a takeover of Playtech to quickly expand its presence in the iGaming market
Oct 19 2021
Window on BUSINESS & CONSUMER CREDIT
Zip Co’s Slowing Growth Divides
Zip Co endured a seasonally weak first quarter and, despite robust growth rates, not all brokers are forgiving
Oct 19 2021
Window on CLOUD SERVICES
Megaport: One To Watch
Michael Gable of Fairmont Equities notes Megaport has rallied back towards strong resistance and a break would imply a return to upside
Oct 19 2021
SMSFUNDAMENTALS
SMSFundamentals: Record Growth In ETF Markets
The month of September was the weakest for equities this year, but that did not stop investors piling into ETFs both domestic and international, equity and fixed income.
Oct 14 2021