FINANCIAL NEWS

Bumper Supply Constraining Childcare Profits

Benefits of government subsidy increases are likely to be constrained in the near term for childcare centres, as supply is overwhelming demand.

12:33 PM


Treasure Chest: Market Undervaluing Ramsay

FNArena’s Treasure Chest reports on money making ideas from stockbrokers and other experts. Perceived headwinds have led the market to downgrade Ramsay Health Care to five-year low multiples. Wilsons believes this is too low.

11:58 AM


Share Buybacks – Who’s Doing It?

Weekly Update on ASX-listed companies buying in their own stock.

10:59 AM


Is The Banks’ Crucifixion Over?

Peter Switzer of the Switzer Super Report outlines the views of those who believe bank share prices have now fallen too far.

10:34 AM


Finding Opportunities In A Heavily Polarised Market

In this week's Weekly Insights (published in two parts): -Finding Opportunities In A Heavily Polarised Market -Growth Or Weakness? –Conviction…

10:00 AM


Morgans rates GNC as Hold

Morgans revises forecasts following the release of ABARES' 2018/19 winter crop forecast. The company now looks set to face two consecutive seasons that are well below average. Extremely low carry-over grain will also impact on FY20.

The broker believes existing shareholders will need to be patient to ride out the seasons, maintaining a Hold rating. For new investors the broker would be a buyer closer to $7.00. Target is reduced to $7.50 from $8.00.

Credit Suisse rates IAG as Neutral

IAG will sell its interests in Thailand, Indonesia and Vietnam. Credit Suisse suspects the sale price for the loss-making Vietnam operations was probably minimal, given it was undisclosed, while the sale price for the total Thai and Indonesian Holdings was $525m.

The sale of the three assets is expected to add at least 13 basis points to the company's pro-forma first half CET1 ratio. The broker downgraded to a Neutral rating after the first half result on the basis of valuation and opts to remain on the sidelines until there is increased confidence around the premium rate environment. Target is $7.50.

UBS rates RIO as Buy

UBS found no surprises in its visit to the Rio Tinto Pilbara iron ore system. The focus on value over volume remains in place, and from mine to port the infrastructure is continuously being improved. However, this is getting harder and cost pressures are mounting.

The company remains positive about the market, given supply-side reforms in China and that country's environmental policy. AutoHaul is tracking towards completion by the end of this year. Buy rating and $90 target maintained.

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ANALYSIS & DATA

MARKET CONSENSUS FORECAST

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

IAG | INSURANCE AUSTRALIA GROUP LIMITED

Abbreviated format - see the full version here


LAST PRICE CHANGE +/- CHANGE % VOLUME

$8.46

20 Jun
2018

0.040

OPEN

$8.46

0.48%

HIGH

$8.49

1,958,437

LOW

$8.40

TARGET
$7.591 -10.3% downside
Franking for last dividend paid out: 100%
MARKET CONSENSUS FORECAST
IAG: 1
Title FY16
Actual
FY17
Actual
FY18
Forecast
FY19
Forecast
EPS (cps) 25.8 39.0 43.5 42.6
DPS (cps) 26.0 33.0 32.4 35.5
EPS Growth - 17.4% 51.3% 11.4% - 1.9%
DPS Growth - 10.3% 26.9% - 1.9% 9.8%
PE Ratio N/A N/A 19.5 19.8
Dividend Yield N/A N/A 3.8% 4.2%
Div Pay Ratio(%) 100.8% 84.6% 74.4% 83.4%

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DAILY FINANCIAL NEWS

Bumper Supply Constraining Childcare Profits

Benefits of government subsidy increases are likely to be constrained in the near term for childcare centres, as supply is overwhelming demand.

12:33 PM - Australia


FNArena’s Treasure Chest reports on money making ideas from stockbrokers and other experts. Perceived headwinds have led the market to downgrade Ramsay Health Care to five-year low multiples. Wilsons believes this is too low.

11:58 AM - Treasure Chest


Is The Banks’ Crucifixion Over?

Peter Switzer of the Switzer Super Report outlines the views of those who believe bank share prices have now fallen too far.

10:34 AM - FYI


The launch of Amazon Prime, ahead of expectations, suggests to brokers the company is serious and confident regarding delivery of its business model to Australians.

Jun 19 2018 - Australia


South32 has taken control of Arizona Mining, which provides a base metal opportunity and expands its geographic base.

Jun 19 2018 - Australia


Gold miners are facing the headwind of sharp increases in costs in the years ahead.

Jun 19 2018 - Australia


RUDI'S VIEWS

Finding Opportunities In A Heavily Polarised Market

In this week's Weekly Insights (published in two parts): -Finding Opportunities In A Heavily Polarised Market -Growth Or Weakness? –Conviction…

10:00 AM

DAILY MARKET REPORTS

The Overnight Report: Escalation

Trade war fears grew ever stronger across the globe yesterday as Trump’s administration slaps tariffs on another US$200bn of Chinese exports and threatens US$200bn more. Dow down -287.

9:00 AM


Today’s Financial Calendar

Significant Scheduled Events For 20 June, 2018

8:15 AM


The Overnight Report: Shifting Positions

Wall Street saw a shift out of trade war-impacted sectors into calmer waters last night. Dow down -103.

Jun 19 2018


Today’s Financial Calendar

Significant Scheduled Events For 19 June, 2018

Jun 19 2018


The Monday Report

Wrap of events affecting the market on Friday night and the weekend and a preview of the week ahead.

Jun 18 2018


Today’s Financial Calendar

Significant Scheduled Events For 18 June, 2018

Jun 18 2018


The Overnight Report: Doves Still Rule

The ECB has confounded by announcing the end of QE, but not of negative interest rates. Dow down -25.

Jun 15 2018


WEEKLY REPORTS

Share Buybacks – Who’s Doing It?

Weekly Update on ASX-listed companies buying in their own stock.

10:59 AM

Uranium Week: No Immediate Need

The US regulator has criticised the president’s directive that would see electricity providers forced to buy nuclear power.

Jun 19 2018

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.

Jun 18 2018


Weekly Ratings, Targets, Forecast Changes

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

Jun 18 2018

Weekly Top Ten News Stories

Our top ten news stories from 07 June 2018 to 14 June 2018

Jun 15 2018

Next Week At A Glance

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

Jun 15 2018


The Wrap: EVs, Health Insurance & Real Estate

Weekly Broker Wrap: electric vehicles; health insurance; credit crunch; and real estate listings.

Jun 15 2018

The Short Report

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

Jun 14 2018

Australian Corporate Bond Price Tables

FNArena provides a weekly update of Australian listed corporate bond issues, current pricing and yield data.

Jun 14 2018


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THE MARKETS

    Click item/line to change chart

  • Australia

    20 June 2018   Updated : 13:42   AEDT

    SPI Overnight (Jun)

    6142.00

    +36.00

    0.59%

    All Ordinaries

    6253.10

    +44.20

    0.71%

    S&P ASX 200

    6149.30

    +47.20

    0.77%

    S&P ASX 300

    6108.40

    +45.90

    0.76%

    Consumer Discretionary

    2458.70

    +16.10

    0.66%

    Consumer Staples

    11106.40

    +54.80

    0.50%

    Energy

    11745.30

    +104.80

    0.90%

    Financials

    6117.20

    +106.90

    1.78%

    Health Care

    30563.90

    +198.50

    0.65%

    Industrials

    6027.80

    +21.10

    0.35%

    Info Technology

    1136.50

    +14.70

    1.31%

    Materials

    12021.20

    +0.10

    0.00%

    Telecommunication

    1035.20

    -47.50

    -4.39%

    Utilities

    8145.70

    +65.70

    0.81%

  • Asia

    20 June 2018   Updated : 13:42   AEDT

    NZ50

    8908.700

    +45.460

    0.510%

    Nikkei 225

    22287.42

    +8.94

    0.04%

    Hang Seng

    29578.04

    +109.89

    0.37%

    Click item/line to change chart

  • Australasia

    20 June 2018   Updated : 13:42   AEDT

    AUD/USD

    0.7394

    +0.00

    0.24%

    AUD/NZD

    1.0698

    +0.00

    0.22%

    NZD/USD

    0.6911

    +0.00

    0.04%

    AUD/JPY

    81.42

    +0.39

    0.49%

    SGD/AUD

    1.00

    -0.00

    -0.18%

    AUD/EUR

    0.6386

    +0.00

    0.02%

    AUD/GBP

    0.5618

    +0.00

    0.34%

  • World

    20 June 2018   Updated : 13:42   AEDT

    CAD/USD

    0.7529

    -0.00

    -0.21%

    EUR/JPY

    127.47

    +0.53

    0.42%

    EUR/USD

    1.1576

    +0.00

    0.21%

    GBP/USD

    1.3160

    -0.00

    -0.10%

    USD/JPY

    110.12

    +0.26

    0.24%

    Click item/line to change chart

  • World

    20 June 2018   Updated : 13:42   AEDT

    FTSE100

    7603.85

    -27.48

    -0.36%

    DAX30

    12677.97

    -156.14

    -1.22%

    DJIA

    24700.21

    -287.26

    -1.15%

    S&P500

    0.00

    0.00

    0.00%

    Nasdaq Comp

    7725.59

    -21.44

    -0.28%

    S&P500 VIX

    13.35

    +1.04

    8.45%

    US 10-year yield

    2.893

    -0.033

    -1.130%

    USD Index

    95.00

    +0.24

    0.25%

  • Aus Stocks

    20 June 2018   Updated : 13:42   AEDT

    BHP (UK)

    1642.20

    -36.80

    -2.19%

    Rio (UK)

    4123.11

    -134.89

    -3.17%

    BHP (US)

    47.64

    -1.33

    -2.72%

    Rio (US)

    54.95

    -2.11

    -3.70%

    ResMed (US)

    106.10

    -0.20

    -0.19%

    South32 (UK)

    206.00

    -8.00

    -3.74%

    James Hardie (US)

    16.06

    -0.13

    -0.80%

    Telstra (US)

    10.78

    +0.04

    0.37%

    Westpac (US)

    20.72

    -0.22

    -1.05%

    Click item/line to change chart

  • Spot Metals & Minerals

    20 June 2018   Updated : 08:31   AEDT

    Gold (oz)

    1274.40

    -3.50

    -0.27%

    Silver (oz)

    16.27

    -0.17

    -1.03%

    Copper (lb)

    3.1100

    -0.06

    -1.94%

    Aluminium (lb)

    0.9763

    -0.02

    -2.20%

    Lead (lb)

    1.0904

    -0.01

    -0.61%

    Nickel (lb)

    6.6194

    -0.17

    -2.45%

    Zinc (lb)

    1.3883

    -0.03

    -2.05%

    Copper (t)

    6856.00

    -136.00

    -1.95%

    Aluminium (t)

    2152.00

    -49.00

    -2.23%

    Lead (t)

    2404.00

    -15.00

    -0.62%

    Nickel (t)

    14593.00

    -367.00

    -2.45%

    Zinc (t)

    3061.00

    -64.00

    -2.05%

    Iron Ore (t)

    64.25

    -1.75

    -2.65%

    Uranium (lb) weekly

    23.00

    -0.25

    -1.08%

  • Energy Futures

    20 June 2018   Updated : 07:39   AEDT

    West Texas Crude (Jul)

    65.06

    -0.77

    -1.17%

    Brent Crude (Aug)

    75.02

    -0.34

    -0.45%

    Henry Hub NatGas (Jul)

    2.91

    -0.05

    -1.69%

CALENDAR

Wednesday, 20 June 2018
NZ current account, Q1
AU RBA governor speaks
JP minutes of BoJ meeting
US existing home sales, May
SYD traffic stats
TLS trading update
Thursday, 21 June 2018
NZ GDP, Q1
AU ASX futures and index options expiry
UK BoE policy meeting
US Conference Board leading indicators, May
US FHFA house price index, Apr
US Philadelphia Fed mfg index, Jun

ALL WEATHER STOCKS

Code Company Price
AMC AMCOR LIMITED

$14.05

ARB ARB CORPORATION LIMITED

$22.89

CSL CSL LIMITED

$193.34

REA REA GROUP LIMITED

$91.44

RMD RESMED INC

$14.39

WEEKLY PDF

Stories To Read From FNArena


WEEK 24

WEEK 23

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WEEK 21

WEEK 20

FNARENA TALKS

FNARENA WINDOWS

Window on CHILDCARE

Bumper Supply Constraining Childcare Profits

Benefits of government subsidy increases are likely to be constrained in the near term for childcare centres, as supply is overwhelming demand.

12:33 PM


Window on HEALTHCARE SERVICES

Treasure Chest: Market Undervaluing Ramsay

FNArena’s Treasure Chest reports on money making ideas from stockbrokers and other experts. Perceived headwinds have led the market to downgrade Ramsay Health Care to five-year low multiples. Wilsons believes this is too low.

11:58 AM


Window on BANKS

Is The Banks’ Crucifixion Over?

Peter Switzer of the Switzer Super Report outlines the views of those who believe bank share prices have now fallen too far.

10:34 AM


SMSFUNDAMENTALS

SMSFundamentals: Why Do You Not Own Corporate Bonds?

Corporate bonds are highly suitable as a portfolio allocation for retirement investors and interest is growing, despite many Australians being unaware of their existence.

May 29 2018


FEATURE STORIES

Gold And The Coming Crisis

Research house Incrementum believes the tides are changing for global monetary policy, the reserve currency and technology. Such a changing of the tides could lead to another global crisis, from which gold would again provide a safe haven.

Jun 14 2018