FINANCIAL NEWS

FNArena Corporate Results Monitor – 16-04-2021

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

2:33 PM


Weekly Top Ten News Stories – 16 April 2021

Our top ten news stories from 08 April 2021 to 15 April 2021

12:13 PM


Who’s Top Of The Class In Listed Education?

The New Criterion’s Tim Boreham talks about some ASX-listed education providers acing it in the post-pandemic world.

11:39 AM


Material Matters: Gold, Thermal Coal & Alumina

A glance through the latest expert views and predictions about commodities: gold; thermal coal; copper; aluminium/alumina; and iron ore

11:01 AM


Next Week At A Glance – 19-23 Apr 2021

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

10:29 AM


Macquarie rates BGL as Outperform

Bellevue Gold's resources have grown to 8.55mt at 9.9g/t for 2.7moz following a maiden resource estimate from the newly discovered Marceline lode.

In Macquarie's view, additional ounces from Marceline and Deacon North in the stage two mine plan will be at a low rate of capital intensity.

Also, extensions of Marceline and other lodes in the upper levels present a key opportunity for Bellevue Gold to add low capital ounces, in the broker's view.

Target price rises to $1.05 from $1. Outperform rating retained. 

Morgans rates PDL as Add

Morgans upgrades the EPS forecast for FY21 by 7.2% in FY21 and circa 2% in outer years. Pendal Group reported group funds under management (FUM) rose 4.4% for the second quarter. The Add rating is unchanged and the target price is increased $8.10 from $7.15.

The broker now has increased confidence that further meaningful net outflows can be stemmed in the JOHCM business. Several funds (in particular UK/EU value orientated funds) have regained significant investment underperformance since November 2020.

The improved performance also improves the medium-term outlook for performance fees. Morgans sees the current valuation as relatively undemanding.

Credit Suisse rates WHC as Downgrade to Neutral from Outperform

Whitehaven Coal's March quarter performance disappointed Credit Suisse with solid output at the open-cut mines undone by problems at Narrabri mine that led to outages for four weeks in the half.

The miner has cut its FY21 production and sales estimates yet again by -0.6-0.8mt for Narrabri. Also, the issues there eliminated cash generation in the quarter with no reduction in the net debt to date.

The broker expected net debt to halve by the end of FY22 but sees that delayed by over two years now.

Credit Suisse downgrades to Neutral from Outperform with the target price dropping to $1.55 from $1.95.

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ANALYSIS & DATA

FNARENA'S MARKET CONSENSUS FORECASTS

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

ALD | AMPOL

Abbreviated format - see the full version here


LAST PRICE CHANGE +/- CHANGE % VOLUME

$25.73

15 Apr
2021

1.320

OPEN

$24.50

5.41%

HIGH

$25.97

938,107

LOW

$24.50

TARGET
$29.102 13.1% upside
Franking for last dividend paid out: 100%
FNARENA'S MARKET CONSENSUS FORECASTS
ALD: 1
Title FY19
Actual
FY20
Actual
FY21
Forecast
FY22
Forecast
EPS (cps) xxx - 194.2 122.9 xxx
DPS (cps) xxx 48.0 60.7 xxx
EPS Growth xxx N/A N/A xxx
DPS Growth xxx - 42.2% 26.4% xxx
PE Ratio xxx N/A 21.1 xxx
Dividend Yield xxx N/A 2.3% xxx
Div Pay Ratio(%) xxx N/A 49.3% xxx

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DAILY FINANCIAL NEWS

FNArena Corporate Results Monitor – 16-04-2021

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

2:33 PM - Australia


A glance through the latest expert views and predictions about commodities: gold; thermal coal; copper; aluminium/alumina; and iron ore

11:01 AM - Commodities


Amid burgeoning lithium prices Galaxy Resources has outlined a development plan for Sal de Vida that exceeds expectations on most metrics. What could possibly go wrong?

Apr 15 2021 - Australia


A strengthening lithium price has substantially improved the outlook for Orocobre as it expands its production profile over 2022

Apr 15 2021 - Australia


Growth is stellar for payments operator Zip Co, particularly in the US, but is it being primed for a fall?

Apr 14 2021 - Australia


A glance through the latest expert views and predictions about commodities: Lithium, oil, base metals, and gold

Apr 14 2021 - Commodities


RUDI'S VIEWS

Rudi’s View: Inflation?

In this week's Weekly Insights: -Inflation?-A Golden 'Value' Opportunity-One Giant Data Leap Forward For FNArena-Research To Download Inflation? By Rudi…

Apr 15 2021

DAILY MARKET REPORTS

The Overnight Report: 34,000

The Dow has hit a new record and a new milestone as US economic data knock forecasts out of the park. Dow up 305. (Available for non-subscribers after 10am)

9:22 AM


Today’s Financial Calendar – 16-04-2021

Significant Scheduled Events For 16 April, 2021

8:15 AM


Australian Broker Call *Extra* Edition – Apr 15, 2021

Extra Edition of the Broker Call Report

Apr 15 2021


The Overnight Report: Rotation Rotation

The Wall Street rotation trade flipped again last night on strong bank earnings, while the world of crypto made a big step forward. Dow up 53. (Available for non-subscribers after 10am)

Apr 15 2021


Today’s Financial Calendar – 15-04-2021

Significant Scheduled Events For 15 April, 2021

Apr 15 2021


Australian Broker Call *Extra* Edition – Apr 14, 2021

Extra Edition of the Broker Call Report

Apr 14 2021


The Overnight Report: The Vaccine Conundrum

The J&J rollout is the US has been paused just as daily jabs hit a record, and meanwhile inflation fears ease. Dow down -68, Nasdaq up 1%. (Available for non-subscribers after 10am)

Apr 14 2021


WEEKLY REPORTS

Weekly Top Ten News Stories – 16 April 2021

Our top ten news stories from 08 April 2021 to 15 April 2021

12:13 PM

Who’s Top Of The Class In Listed Education?

The New Criterion’s Tim Boreham talks about some ASX-listed education providers acing it in the post-pandemic world.

11:39 AM

Next Week At A Glance – 19-23 Apr 2021

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

10:29 AM


The Wrap: Telcos, Insurance, REITs, Wealth Platforms

Weekly Broker Wrap: Telcos upside; supermarkets margin gap; insurance catastrophe blowout; US tax, wealth platforms; BNPL; beef

10:00 AM

The Short Report – 15 Apr 2021

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

Apr 15 2021

Crafting Opportunities One Chug At A Time

The New Criterion’s Tim Boreham advises investors to look beyond mainstream beer and towards a craft beer market offering higher margins

Apr 13 2021


Uranium Week: Cameco Plans Mine Restart

As the uranium price rise of recent weeks takes a breather, Cameco plans to restart production at the Cigar Lake mine

Apr 13 2021

Australian Listed Real Estate Tables – 12-04-2021

FNArena provides a weekly update of Australian listed real estate trusts (REIT) and property developers, current pricing yield and valuation data

Apr 12 2021

Weekly Ratings, Targets, Forecast Changes – 09-04-21

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

Apr 12 2021


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THE MARKETS

    Click item/line to change chart

  • Australia

    16 April 2021   Updated : 20:12   AEDT

    SPI Overnight (Jun)

    7051.00

    +15.00

    0.21%

    All Ordinaries

    7325.80

    +8.30

    0.11%

    S&P ASX 200

    7063.50

    +4.90

    0.07%

    S&P ASX 300

    7057.30

    +6.90

    0.10%

    Consumer Discretionary

    3282.80

    +11.70

    0.36%

    Consumer Staples

    12700.10

    -49.30

    -0.39%

    Energy

    8273.70

    -124.40

    -1.48%

    Financials

    6226.60

    -20.30

    -0.32%

    Health Care

    41614.80

    +25.40

    0.06%

    Industrials

    6036.10

    +9.20

    0.15%

    Info Technology

    2242.10

    +10.00

    0.45%

    Materials

    16774.50

    +64.00

    0.38%

    Telecommunication

    1405.30

    +5.80

    0.41%

    Utilities

    6146.20

    -36.90

    -0.60%

  • Asia

    16 April 2021   Updated : 20:12   AEDT

    NZ50

    9214.870

    -42.310

    -0.460%

    Nikkei 225

    29683.37

    +40.68

    0.14%

    Hang Seng

    28969.71

    +176.57

    0.61%

    Click item/line to change chart

  • Australasia

    16 April 2021   Updated : 20:12   AEDT

    AUD/USD

    0.7750

    +0.00

    0.01%

    AUD/NZD

    1.0816

    +0.00

    0.06%

    NZD/USD

    0.7164

    0.00

    -0.06%

    AUD/JPY

    84.34

    +0.06

    0.07%

    SGD/AUD

    0.97

    +0.00

    0.09%

    AUD/EUR

    0.6469

    0.00

    -0.03%

    AUD/GBP

    0.5624

    +0.00

    0.04%

    AUDCAD

    0.9689

    +0.00

    0.08%

  • World

    16 April 2021   Updated : 20:12   AEDT

    CAD/USD

    0.7999

    0.00

    -0.07%

    EUR/JPY

    130.36

    +0.11

    0.09%

    EUR/USD

    1.1979

    +0.00

    0.02%

    GBP/USD

    1.3780

    0.00

    -0.03%

    USD/JPY

    108.83

    +0.07

    0.07%

    Click item/line to change chart

  • World

    16 April 2021   Updated : 20:12   AEDT

    FTSE100

    7031.13

    +47.63

    0.68%

    DAX30

    15398.90

    +143.57

    0.94%

    DJIA

    34035.99

    +305.10

    0.90%

    S&P500

    4170.42

    +45.76

    1.11%

    Nasdaq Comp

    14038.76

    +180.92

    1.31%

    S&P500 VIX

    16.58

    -0.41

    -2.41%

    US 10-year yield

    1.530

    -0.108

    -6.590%

    USD Index

    91.67

    +0.04

    0.04%

  • Aus Stocks

    16 April 2021   Updated : 20:12   AEDT

    BHP (UK)

    2255.50

    +14.00

    0.62%

    Rio (UK)

    6068.35

    +84.35

    1.41%

    BHP (US)

    74.07

    +1.36

    1.87%

    Rio (US)

    83.78

    +2.06

    2.52%

    ResMed (US)

    204.20

    -3.48

    -1.68%

    South32 (UK)

    162.20

    -2.40

    -1.46%

    James Hardie (US)

    33.73

    +1.18

    3.63%

    Telstra (US)

    13.41

    +0.09

    0.68%

    Janus Henderson (US)

    33.29

    +0.89

    2.75%

    Westpac (US)

    19.71

    +0.28

    1.44%

    Newcrest (CA)

    26.70

    +0.45

    1.71%

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  • Spot Metals & Minerals

    16 April 2021   Updated : 07:31   AEDT

    Gold (oz)

    1763.60

    +27.20

    1.57%

    Silver (oz)

    25.82

    +0.42

    1.65%

    Copper (lb)

    4.1752

    +0.12

    2.97%

    Aluminium (lb)

    1.0558

    +0.01

    1.41%

    Lead (lb)

    0.9059

    +0.01

    1.26%

    Nickel (lb)

    7.2758

    -0.12

    -1.65%

    Zinc (lb)

    1.2592

    -0.01

    -1.05%

    Copper (t)

    9205.00

    +265.00

    2.96%

    Aluminium (t)

    2328.00

    +32.00

    1.39%

    Lead (t)

    1997.00

    +25.00

    1.27%

    Nickel (t)

    16040.00

    -269.00

    -1.65%

    Zinc (t)

    2776.00

    -30.00

    -1.07%

    Uranium (lb) weekly

    30.25

    -0.85

    -2.73%

  • Commodities Futures

    16 April 2021   Updated : 07:31   AEDT

    West Texas Crude

    63.46

    +0.31

    0.49%

    Brent Crude

    66.85

    +0.57

    0.86%

    Iron Ore (t)

    177.30

    +4.65

    2.69%

CALENDAR

Friday, 16 April 2021
NZ manufacturing PMI, Mar
CH fixed asset investment, Mar
CH GDP, Q1
CH industrial production, Mar
CH retail sales, Mar
EZ CPI, Mar
US housing starts, Mar
US UMich consumer sentiment, Apr (initial)
AIA quarterly report
AWC quarterly production report
CCL ex-div 18c (100%)
MIN quarterly production report
Monday, 19 April 2021

ALL WEATHER STOCKS

Code Company Price
COL COLES GROUP LIMITED

$15.56

CSL CSL LIMITED

$269.07

REA REA GROUP LIMITED

$159.11

RMD RESMED INC

$26.59

TNE TECHNOLOGYONE LIMITED

$9.62

WEEKLY PDF

Stories To Read From FNArena


WEEK 16

WEEK 15

WEEK 14

WEEK 13

WEEK 12

FNARENA TALKS

FNARENA WINDOWS

Window on EDUCATION & TUITION

Who’s Top Of The Class In Listed Education?

The New Criterion’s Tim Boreham talks about some ASX-listed education providers acing it in the post-pandemic world.

11:39 AM


Window on MINING

Material Matters: Gold, Thermal Coal & Alumina

A glance through the latest expert views and predictions about commodities: gold; thermal coal; copper; aluminium/alumina; and iron ore

11:01 AM


Window on NEW BATTERY ELEMENTS

Galaxy Resources Spices Up Sal De Vida

Amid burgeoning lithium prices Galaxy Resources has outlined a development plan for Sal de Vida that exceeds expectations on most metrics. What could possibly go wrong?

Apr 15 2021


FEATURE STORIES

Why All This Fuss Over Bond Yields?

This article is a 101 lesson in what a government bond is, and why suddenly stock markets have been running away in fear of them

Mar 31 2021