FINANCIAL NEWS
Newcrest Emerges From Cadia Disruption
Newcrest Mining is emerging from the disruption caused by a seismic event at its Cadia copper/gold mine. Brokers assess the outlook and growth options for the miner.
Jul 25 2017
Iluka Beats All Forecasts
Mineral sands miner Iluka Resources posted a strong beat on production and sales in the June quarter but brokers disagree over valuation.
Jul 25 2017
SpeedCast Takes On The US Government
Satellite service provider SpeedCast International continues on the acquisition trail, with its latest considered a strong strategic move into the international government sector.
Jul 25 2017
Opportunity In BHP
Michael Gable of Fairmont Equities suggests BHP is lining up to make a higher high.
Jul 25 2017
Uranium Week: Back To Support
After seven consecutive incremental weekly gains, the spot uranium price fell back to the US$20/lb mark last week.
Jul 25 2017
Macquarie rates BHP as Outperform
Macquarie makes some changes to production forecasts for the US shale assets, but as the changes are largely post FY22 there is only a modest impact on near-term earnings.
US onshore assets remain a key source of negative sentiment for BHP and the broker's forecasts imply a return to cash consumption for the next two years. After factoring recent FX moves, the Australian target price is unchanged at $29. Outperform retained.
UBS rates MGX as Neutral
Mt Gibson is transitioning from drawing on lower grade stockpiles to higher grade Iron Hill ore but the transition has affected lower sales in the June Q, with shipment delays also impacting. Low grade price discounting is continuing to have a significant impact, the broker notes.
Iron Hill and Koolan Island should improve price realisation but meanwhile Mt Gibson continues to sit on a pile of cash with no indication of any return to shareholders. The broker retains Neutral and a 37c target.
Morgans rates RHP as Add
The trading update signals FY17 guidance has been achieved. Morgans suspects the challenges of the first half have been largely overcome as revenue has accelerated and there is no great pressure on gross profit margins.
The broker continues to believe the stock offers a healthy risk/reward proposition, given its relatively low valuation and high growth outlook.
Add rating retained. Target is raised to $0.82 from $0.63.
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ANALYSIS & DATA
MARKET CONSENSUS FORECAST
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DAILY FINANCIAL NEWS
Newcrest Emerges From Cadia Disruption
Newcrest Mining is emerging from the disruption caused by a seismic event at its Cadia copper/gold mine. Brokers assess the outlook and growth options for the miner.
Jul 25 2017 - Australia
Mineral sands miner Iluka Resources posted a strong beat on production and sales in the June quarter but brokers disagree over valuation.
Jul 25 2017 - Australia
Satellite service provider SpeedCast International continues on the acquisition trail, with its latest considered a strong strategic move into the international government sector.
Jul 25 2017 - Small Caps
Michael Gable of Fairmont Equities suggests BHP is lining up to make a higher high.
Jul 25 2017 - Technicals
Regis Resources impressed in FY17, delivering strong gold production. Risks for FY18 are skewed to the upside largely because of the potential at Duketon.
Jul 24 2017 - Australia
Wealth manager Perpetual has revealed negative net flows in the June quarter and several brokers have become bearish on the fund manager’s growth outlook.
Jul 24 2017 - Australia
RUDI'S VIEWS
Resources Stocks: More Than Meets The Eye
In this week's Weekly Insights: -Resources Stocks: More Than Meets The Eye -Franking Arbitrage In Programmed Take-Over -Conviction Calls: Citi,…
Jul 19 2017
DAILY MARKET REPORTS
The Overnight Report: Time Out
Wall Street took a breather last night having hit new highs on Wednesday. Dow down -28.
8:43 AM
The Overnight Report: And Still The Records Tumble
Even the Nasdaq is now back in record territory. Dow up 66.
Jul 20 2017
The Overnight Report: Goldman Sacked
A standout weak earnings result for Goldman Sachs led to the bulk of the Dow’s -54 point fall last night.
Jul 19 2017
The Overnight Report: Awaiting Earnings
Wall Street was on hold last night ahead of the week’s major earnings reports and the ECB meeting on Thursday. Dow down -8.
Jul 18 2017
WEEKLY REPORTS
Uranium Week: Back To Support
After seven consecutive incremental weekly gains, the spot uranium price fell back to the US$20/lb mark last week.
Jul 25 2017
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.
Jul 24 2017
Weekly Ratings, Targets, Forecast Changes
Weekly update on stockbroker recommendation, target price, and earnings forecast changes.
Jul 24 2017
Next Week At A Glance
A brief look at important company events and economic data releases next week.
Jul 21 2017
The Wrap: Rates, A-REITs And PNG LNG
Weekly Broker Wrap: RBA cash rates; Amazon & CPI; A-REITs; PNG LNG; Bell Potter initiates on Cyclopharm
Jul 21 2017
Australian Corporate Bond Price Tables
FNArena provides a weekly update of Australian listed corporate bond issues, current pricing and yield data.
Jul 20 2017
The Short Report
FNArena’s weekly update on short positions in the Australian share market.
Jul 20 2017
Share Buybacks – Who’s Doing It?
Weekly Update on ASX-listed companies buying in their own stock.
Jul 19 2017
THE MARKETS
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Asia
25 July 2017 Updated : 20:56 AEDT
NZ50
7713.060
+30.770
0.400%
Nikkei 225
19955.20
-20.47
-0.10%
Hang Seng
26852.05
+5.22
0.02%
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World
26 July 2017 Updated : 06:36 AEDT
CAD/USD
0.7989
+0.0001
0.0100%
EUR/JPY
130.33
+0.96
0.74%
EUR/USD
1.1645
+0.0009
0.0800%
GBP/USD
1.3027
+0.0001
0.0100%
USD/JPY
111.92
+0.75
0.68%
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Aus Stocks
25 July 2017 Updated : 07:33 AEDT
BHP (UK)
1288.00
-17.50
-1.34%
Rio (UK)
3324.00
-29.00
-0.86%
BHP (US)
38.89
+0.10
0.26%
Rio (US)
43.90
-0.24
-0.54%
ResMed (US)
77.19
+0.19
0.25%
South32 (UK)
64684.18
-253.84
-0.39%
James Hardie (US)
15.20
0.00
0.00%
Telstra (US)
24.80
-0.02
-0.08%
Westpac (US)
25.68
+0.07
0.27%
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CALENDAR
Monday, 24 July 2017
JP flash mfg PMI, Jul EZ flash mfg PMI, Jul US existing home sales, Jun US flash mfg PMI, Jul NCM quarterly production report WSA quarterly production report Tuesday, 25 July 2017
JP Germany IFO business sentiment, Jul JP minutes of BoJ meeting US Case-Shiller house price index, May US Conference Board consumer confidence, Jul US FHFA house price index, May US Richmond Fed manufacturing index, Jul ALL WEATHER STOCKS
Code Company Price AMC AMCOR LIMITED 
$15.48
ARB ARB CORPORATION LIMITED
$15.58
CSL CSL LIMITED
$128.56
IVC INVOCARE LIMITED
$14.34
RHC RAMSAY HEALTH CARE LIMITED
$72.21
WEEKLY PDF
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FNARENA TALKS
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FNARENA WINDOWS
Window on GOLD & SILVER
Newcrest Emerges From Cadia Disruption
Newcrest Mining is emerging from the disruption caused by a seismic event at its Cadia copper/gold mine. Brokers assess the outlook and growth options for the miner.
Jul 25 2017
Window on MINERAL SANDS
Iluka Beats All Forecasts
Mineral sands miner Iluka Resources posted a strong beat on production and sales in the June quarter but brokers disagree over valuation.
Jul 25 2017
Window on HARDWARE & EQUIPMENT
SpeedCast Takes On The US Government
Satellite service provider SpeedCast International continues on the acquisition trail, with its latest considered a strong strategic move into the international government sector.
Jul 25 2017
SMS FUNDAMENTALS
SMSFundamentals: How Do We Rate Financial Advice?
A recent survey has made some interesting findings on whether Australians seek financial advice and how that advice is valued.
Apr 11 2017