FINANCIAL NEWS

The Short Report

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

Jul 19 2018


NRW Holdings Kicks Off With Iron Ore Win

NRW Holdings has won the first of several earthmoving contracts expected from the re-investment in iron ore in Western Australia and brokers suggest the stock is a good way to play the cycle.

Jul 19 2018


Australian Corporate Bond Price Tables

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

Jul 19 2018


Material Matters: Energy Stocks, Coal & Oil

A glance through the latest expert views and predictions about commodities. Energy stocks; metallurgical coal; and oil.

Jul 19 2018


Rudi’s View: Telstra, BHP And Netwealth

In this week's Weekly Insights (this is Part Two): -Is 'Value' Investing Now Dead? -Conviction Calls -All-Weather Stocks: Bell Potter…

Jul 19 2018


Citi rates BHP as Buy

Citi analysts spotted a strong quarterly performance, plus they have upgraded commodity prices forecasts. The combination has resulted in higher estimates for BHP, which has pushed up the price target to $36 from $33.

Buy rating retained. Strong operational cash flows plus the prospect of selling US shale assets suggest BHP will join the capital management party in 2019, say the analysts.

Credit Suisse rates NST as Underperform

The June quarter gold production was very strong but FY19 guidance has materially disappointed Credit Suisse. Guidance is for 600-640,000 ounces, with the Jubilee addition delivering only an implied 0-40,000 ounces. The broker requires an explanation.

Credit Suisse suggests the June quarter grade, production and cash generation was exceptional rather than sustainable for the near term. Underperform rating and $5.20 target maintained.

Macquarie rates OSH as Outperform

Oil Search's June Q report revealed gas production bounced back in the quarter post the PNG earthquake to record monthly production in May. The need to rebuild inventories meant sales and revenue were both weak, the broker notes.

This should prove only temporary, and the broker is also keen on a data sharing arrangement with Conoco that reduces the number of exploratory wells required in Alaska. The broker prefers Oil Search in the oil and LNG space.

Outperform and $9.05 target retained.

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ANALYSIS & DATA

MARKET CONSENSUS FORECAST

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

FXJ | FAIRFAX MEDIA LIMITED

Abbreviated format - see the full version here


LAST PRICE CHANGE +/- CHANGE % VOLUME

$0.80

19 Jul
2018

0.000

OPEN

$0.78

0.000

HIGH

$0.81

20,832,628

LOW

$0.77

TARGET
$0.832 4.0% upside
Franking for last dividend paid out: 100%
MARKET CONSENSUS FORECAST
FXJ: 1
Title FY16
Actual
FY17
Actual
FY18
Forecast
FY19
Forecast
EPS (cps) - 38.5 6.2 5.8 5.6
DPS (cps) 4.0 2.0 2.6 3.1
EPS Growth N/A N/A - 6.1% - 4.5%
DPS Growth 0.0% - 50.0% 28.0% 21.1%
PE Ratio N/A N/A 13.7 14.4
Dividend Yield N/A N/A 3.2% 3.9%
Div Pay Ratio(%) N/A 32.3% 44.0% 55.8%

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DAILY FINANCIAL NEWS

NRW Holdings Kicks Off With Iron Ore Win

NRW Holdings has won the first of several earthmoving contracts expected from the re-investment in iron ore in Western Australia and brokers suggest the stock is a good way to play the cycle.

Jul 19 2018 - Small Caps


A glance through the latest expert views and predictions about commodities. Energy stocks; metallurgical coal; and oil.

Jul 19 2018 - Commodities


The RBA suggests the next move in rates will be up, just not yet, given an economy growing at above-trend. For different reasons, economists disagree.

Jul 18 2018 - Australia


Galaxy Resources posted an improvement in June quarter production and a further financing deal for Sal de Vida could be the next catalyst.

Jul 18 2018 - Australia


The Chartist suggests the plunge in the oil price is healthy, assuming US$60/bbl holds.

Jul 18 2018 - Technicals


A glance through the latest expert views and predictions about commodities. Metals; copper; gold miners; iron ore; and oil.

Jul 17 2018 - Commodities


RUDI'S VIEWS

Rudi’s View: Telstra, BHP And Netwealth

In this week's Weekly Insights (this is Part Two): -Is 'Value' Investing Now Dead? -Conviction Calls -All-Weather Stocks: Bell Potter…

Jul 19 2018

DAILY MARKET REPORTS

The Overnight Report: Grinding Higher

Banks again helped Wall Street higher but it was the transports which stole the show with solid beats. Dow up 79.

Jul 19 2018


Today’s Financial Calendar

Significant Scheduled Events For 19 July, 2018

Jul 19 2018


The Overnight Report: Just A Glitch

Selling in Netflix and Amazon was forgotten last night as the Nasdaq rebounded to a new record close. Dow up 55.

Jul 18 2018


Today’s Financial Calendar

Significant Scheduled Events For 18 July, 2018

Jul 18 2018


The Overnight Report: Banks And Oil

Wall Street closed relatively flat as strong bank earnings were offset by a plunge in the oil price and energy stocks. Dow up 44.

Jul 17 2018


Today’s Financial Calendar

Significant Scheduled Events For 17 July, 2018

Jul 17 2018


The Monday Report

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

Jul 16 2018


WEEKLY REPORTS

The Short Report

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

Jul 19 2018

Australian Corporate Bond Price Tables

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

Jul 19 2018

Share Buybacks – Who’s Doing It?

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

Jul 18 2018


Uranium Week: Japan Moves Forward

Japanese government approval of a 2030 energy mix target implies acceleration of reactor restarts and/or new reactor builds.

Jul 17 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.

Jul 16 2018

Weekly Ratings, Targets, Forecast Changes

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

Jul 16 2018


Weekly Top Ten News Stories

Our top ten news stories from 05 July 2018 to 12 July 2018

Jul 13 2018

Next Week At A Glance

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

Jul 13 2018

The Wrap: Franchises, Banks & Software

Weekly Broker Wrap: franchising; regional banks; software; Rhipe; debt purchasing; and FE Investments, Scottish Pacific & CML Group.

Jul 13 2018


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THE MARKETS

    Click item/line to change chart

  • Australia

    19 July 2018   Updated : 20:12   AEDT

    SPI Overnight (Sep)

    6203.00

    +9.00

    0.15%

    All Ordinaries

    6355.00

    +25.90

    0.41%

    S&P ASX 200

    6262.70

    +17.60

    0.28%

    S&P ASX 300

    6215.10

    +18.60

    0.30%

    Consumer Discretionary

    2502.60

    +4.30

    0.17%

    Consumer Staples

    11344.90

    -27.60

    -0.24%

    Energy

    11571.80

    -3.00

    -0.03%

    Financials

    6353.40

    +24.80

    0.39%

    Health Care

    31341.90

    +106.10

    0.34%

    Industrials

    6071.60

    +52.20

    0.87%

    Info Technology

    1144.20

    +8.70

    0.77%

    Materials

    12146.30

    +67.20

    0.56%

    Telecommunication

    1033.50

    -5.40

    -0.52%

    Utilities

    7948.80

    -30.30

    -0.38%

  • Asia

    19 July 2018   Updated : 20:12   AEDT

    NZ50

    0.000

    0.000

    0.000%

    Nikkei 225

    22764.68

    -29.51

    -0.13%

    Hang Seng

    28010.86

    -106.56

    -0.38%

    Click item/line to change chart

  • Australasia

    19 July 2018   Updated : 20:12   AEDT

    AUD/USD

    0.7351

    -0.00

    -0.16%

    AUD/NZD

    1.0915

    +0.00

    0.30%

    NZD/USD

    0.6733

    -0.00

    -0.49%

    AUD/JPY

    83.11

    -0.05

    -0.06%

    SGD/AUD

    0.99

    -0.00

    -0.12%

    AUD/EUR

    0.6335

    +0.00

    0.06%

    AUD/GBP

    0.5654

    +0.00

    0.18%

  • World

    19 July 2018   Updated : 20:12   AEDT

    CAD/USD

    0.7553

    -0.00

    -0.03%

    EUR/JPY

    131.15

    -0.21

    -0.16%

    EUR/USD

    1.1604

    -0.00

    -0.23%

    GBP/USD

    1.3002

    -0.00

    -0.33%

    USD/JPY

    113.05

    +0.10

    0.09%

    Click item/line to change chart

  • World

    19 July 2018   Updated : 20:12   AEDT

    FTSE100

    7686.32

    +10.04

    0.13%

    DAX30

    12723.37

    -42.57

    -0.33%

    DJIA

    25199.29

    +79.40

    0.32%

    S&P500

    2815.62

    +6.07

    0.22%

    Nasdaq Comp

    7854.44

    -0.67

    -0.01%

    S&P500 VIX

    12.39

    +0.33

    2.74%

    US 10-year yield

    2.875

    +0.011

    0.380%

    USD Index

    95.09

    +0.10

    0.11%

  • Aus Stocks

    19 July 2018   Updated : 20:12   AEDT

    BHP (UK)

    1646.80

    -21.80

    -1.31%

    Rio (UK)

    4085.00

    -35.00

    -0.85%

    BHP (US)

    49.84

    +1.11

    2.28%

    Rio (US)

    54.94

    +0.70

    1.29%

    ResMed (US)

    108.52

    -0.86

    -0.79%

    South32 (UK)

    206.60

    +2.20

    1.08%

    James Hardie (US)

    16.67

    +0.11

    0.66%

    Telstra (US)

    10.24

    +0.05

    0.49%

    Westpac (US)

    22.00

    +0.02

    0.09%

    Click item/line to change chart

  • Spot Metals & Minerals

    19 July 2018   Updated : 08:31   AEDT

    Gold (oz)

    1227.10

    -0.10

    -0.01%

    Silver (oz)

    15.52

    -0.02

    -0.13%

    Copper (lb)

    2.7764

    -0.00

    -0.06%

    Aluminium (lb)

    0.9389

    -0.01

    -0.89%

    Lead (lb)

    0.9810

    +0.00

    0.12%

    Nickel (lb)

    6.1469

    +0.05

    0.89%

    Zinc (lb)

    1.1929

    +0.04

    3.23%

    Copper (t)

    6121.00

    -4.00

    -0.07%

    Aluminium (t)

    2070.00

    -19.00

    -0.91%

    Lead (t)

    2163.00

    +3.00

    0.14%

    Nickel (t)

    13552.00

    +120.00

    0.89%

    Zinc (t)

    2630.00

    +82.00

    3.22%

    Iron Ore (t)

    63.75

    +0.05

    0.08%

    Uranium (lb) weekly

    23.25

    +0.25

    1.09%

  • Energy Futures

    19 July 2018   Updated : 07:38   AEDT

    West Texas Crude (Aug)

    68.98

    +1.37

    2.03%

    Brent Crude (Sep)

    73.02

    +1.39

    1.94%

    Henry Hub NatGas (Aug)

    2.73

    -0.01

    -0.36%

CALENDAR

Friday, 20 July 2018
JP CPI, Jun
EZL ex-div 9.25c
SYD traffic stats
Monday, 23 July 2018
US existing home sales, Jun
KAT ex-div 1c
Tuesday, 24 July 2018
JP flash mfg PMI, Jul
EZ flash mfg PMI, Jul
US FHFA house price index, May
US flash mfg PMI, Jul
ALX traffic stats, Q2
ILU quarterly production report

ALL WEATHER STOCKS

Code Company Price
AMC AMCOR LIMITED

$14.55

ARB ARB CORPORATION LIMITED

$21.97

CSL CSL LIMITED

$200.83

REA REA GROUP LIMITED

$89.87

RMD RESMED INC

$14.64

WEEKLY PDF

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WEEK 28

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WEEK 25

WEEK 24

FNARENA TALKS

FNARENA WINDOWS

Window on MINING SECTOR CONTRACTING

NRW Holdings Kicks Off With Iron Ore Win

NRW Holdings has won the first of several earthmoving contracts expected from the re-investment in iron ore in Western Australia and brokers suggest the stock is a good way to play the cycle.

Jul 19 2018


Window on COMMODITIES

Material Matters: Energy Stocks, Coal & Oil

A glance through the latest expert views and predictions about commodities. Energy stocks; metallurgical coal; and oil.

Jul 19 2018


Window on NEW BATTERY ELEMENTS

Sal De Vida Offtake Next Catalyst For Galaxy

Galaxy Resources posted an improvement in June quarter production and a further financing deal for Sal de Vida could be the next catalyst.

Jul 18 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 28 2018