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.

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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
2020

-2.050

OPEN

$63.11

-3.20%

HIGH

$63.73

304,990

LOW

$61.96

TARGET
$53.921 -13.0% downside
Franking for last dividend paid out: 75%
MARKET CONSENSUS FORECAST
MFG: 1
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%

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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


Today’s Financial Calendar – 08-07-2020

Significant Scheduled Events For 08 July, 2020

8:15 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


Today’s Financial Calendar – 07-07-2020

Significant Scheduled Events For 07 July, 2020

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


Today’s Financial Calendar – 06-07-2020

Significant Scheduled Events For 06 July, 2020

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


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THE MARKETS

    Click item/line to change chart

  • Australia

    08 July 2020   Updated : 14:42   AEDT

    SPI Overnight (Sep)

    5953.00

    -23.00

    -0.38%

    All Ordinaries

    6042.20

    -84.50

    -1.38%

    S&P ASX 200

    5928.50

    -84.40

    -1.40%

    S&P ASX 300

    5893.40

    -82.60

    -1.38%

    Consumer Discretionary

    2432.80

    -55.20

    -2.22%

    Consumer Staples

    12935.00

    +73.70

    0.57%

    Energy

    7299.50

    -114.80

    -1.55%

    Financials

    4807.00

    -83.70

    -1.71%

    Health Care

    41931.70

    -828.40

    -1.94%

    Industrials

    5578.90

    -124.00

    -2.17%

    Info Technology

    1663.30

    -22.10

    -1.31%

    Materials

    13483.70

    -78.70

    -0.58%

    Telecommunication

    1241.20

    -2.70

    -0.22%

    Utilities

    7610.20

    -75.90

    -0.99%

  • 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%

    Click item/line to change chart

  • Australasia

    08 July 2020   Updated : 14:42   AEDT

    AUD/USD

    0.6937

    +0.00

    0.12%

    AUD/NZD

    1.0605

    0.00

    -0.09%

    NZD/USD

    0.6542

    +0.00

    0.21%

    AUD/JPY

    74.61

    -0.04

    -0.05%

    SGD/AUD

    1.03

    0.00

    -0.06%

    AUD/EUR

    0.6153

    +0.00

    0.08%

    AUD/GBP

    0.5527

    0.00

    -0.47%

    AUDCAD

    0.9439

    +0.00

    0.35%

  • 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%

    Click item/line to change chart

  • World

    08 July 2020   Updated : 14:42   AEDT

    FTSE100

    6189.90

    -96.04

    -1.53%

    DAX30

    12616.80

    -116.65

    -0.92%

    DJIA

    25890.18

    -396.85

    -1.51%

    S&P500

    3145.32

    -34.40

    -1.08%

    Nasdaq Comp

    10343.89

    -89.76

    -0.86%

    S&P500 VIX

    29.43

    +1.49

    5.33%

    US 10-year yield

    0.650

    -0.034

    -4.970%

    USD Index

    96.96

    +0.18

    0.19%

  • 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

  • Spot Metals & Minerals

    08 July 2020   Updated : 07:34   AEDT

    Gold (oz)

    1794.90

    +9.80

    0.55%

    Silver (oz)

    18.26

    0.00

    0.00%

    Copper (lb)

    2.7558

    0.00

    -0.11%

    Aluminium (lb)

    0.7204

    0.00

    -0.14%

    Lead (lb)

    0.8099

    +0.00

    0.57%

    Nickel (lb)

    6.0128

    +0.03

    0.45%

    Zinc (lb)

    0.9270

    +0.00

    0.29%

    Copper (t)

    6075.00

    -6.00

    -0.10%

    Aluminium (t)

    1588.00

    -2.00

    -0.13%

    Lead (t)

    1786.00

    +10.00

    0.56%

    Nickel (t)

    13256.00

    +60.00

    0.45%

    Zinc (t)

    2044.00

    +6.00

    0.29%

    Uranium (lb) weekly

    33.00

    -0.20

    -0.60%

  • Commodities Futures

    08 July 2020   Updated : 07:34   AEDT

    West Texas Crude

    40.49

    -0.10

    -0.25%

    Brent Crude

    42.93

    -0.17

    -0.39%

    Iron Ore (t) futures

    101.60

    0.00

    0.00%

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

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


FEATURE STORIES

Life After Covid, Part II

Central banks have now exhibited just what extent of tools they have available. Fiscal spending means deficits for a long time. Rates will not just be lower for longer, but zero. Big Tech and China are virus winners.

Jun 10 2020