FINANCIAL NEWS
Australian Banks: Copping It From All Sides
Regulatory scrutiny, political scrutiny, increased competition, a plunging housing market and a recalcitrant neighbour all add up to a grim outlook for Australian banks.
Mar 20 2019
TPG Telecom Wired For ACCC Decision
TPG Telecom is in the line of fire as it awaits the decision from the ACCC on its merger with Vodafone Australia. Brokers suspect downside risk to the share price is considerable if the merger is disallowed.
Mar 20 2019
Convenience Retail Seen Oiling Caltex Growth
The renewed alliance between Viva Energy and Coles is making life more difficult for Caltex, although brokers still envisage the long-term opportunity from convenience retailing is substantial.
Mar 20 2019
Share Buybacks – Who’s Doing It?
Weekly Update on ASX-listed companies buying in their own stock.
Mar 20 2019
Six Reasons To Stick With Stocks In 2019
Peter Switzer of the Switzer Super Report asks “should one sell in May?”
Mar 20 2019
UBS rates CTX as Buy
Caltex has guided to first quarter convenience retail earnings (EBIT) of $160-180m. UBS suspects some of the retail margin headwinds will abate in the second half as crude prices drop and US production lifts.
Still, pressures from competition are likely to remain, and the broker reduces its estimates for retail earnings by -3-10%. UBS maintains a Buy rating and reduces the target to $30.20 from $32.50.
Credit Suisse rates NHC as Downgrade to Neutral from Outperform
First half results missed expectations because of costs. Credit Suisse suspects investors are concerned that the syndicated loan the company has acquired is a signal for lower capital returns going forward.
The company has entered into a $600m secured loan facility to fund future growth projects. The broker was disappointed with the operating performance as unit costs increased in Queensland because of reduced feed available to wash plant and decreased yields.
New South Wales operations were also disappointing in terms of costs, affected by elevated fuel costs and increased repair & maintenance.
Credit Suisse downgrades to Neutral from Outperform, given the strong rally in the share price. Target is $4.
Morgans rates TPM as Hold
First half results were in line with expectations. Excluding mobile network impairments, underlying operating earnings (EBITDA) were up 3%. Morgans believes this was a strong result in the face of NBN margin pressure.
The near term outlook is dependent on whether or not the ACCC will allow the merger with Vodafone Australia. The company expects a final decision in May.
Morgans believes the deal should be allowed to proceed, as having a stronger and better funded third operator is better for consumers in the medium term. Hold rating and $6.65 target maintained.
Click here to see full report 
ANALYSIS & DATA
MARKET CONSENSUS FORECAST
To display the stock analysis for a company please enter the company code:
TPM | TPG TELECOM LIMITED
Abbreviated format - see the full version here
| LAST PRICE | CHANGE +/- | CHANGE % | VOLUME |
|---|---|---|---|
|
$6.85 20 Mar |
OPEN $7.10 |
HIGH $7.27 |
1,740,479 LOW $6.85 |
-0.290| TARGET | |||
| $6.500 -5.1% downside | |||
| Franking for last dividend paid out: 100% |
| Title | FY17 Actual |
FY18 Actual |
FY19 Forecast |
FY20 Forecast |
|---|---|---|---|---|
| EPS (cps) | 47.9 | 42.8 | 36.7 | 24.5 |
| DPS (cps) | 10.0 | 4.0 | 4.4 | 3.2 |
| EPS Growth | 5.7% | - 10.6% | - 14.4% | - 33.2% |
| DPS Growth | - 23.1% | - 60.0% | 10.0% | - 27.3% |
| PE Ratio | N/A | N/A | 18.7 | 28.0 |
| Dividend Yield | N/A | N/A | 0.6% | 0.5% |
| Div Pay Ratio(%) | 20.9% | 9.3% | 12.0% | 13.1% |
DAILY FINANCIAL NEWS
TPG Telecom Wired For ACCC Decision
TPG Telecom is in the line of fire as it awaits the decision from the ACCC on its merger with Vodafone Australia. Brokers suspect downside risk to the share price is considerable if the merger is disallowed.
Mar 20 2019 - Australia
The renewed alliance between Viva Energy and Coles is making life more difficult for Caltex, although brokers still envisage the long-term opportunity from convenience retailing is substantial.
Mar 20 2019 - Australia
Peter Switzer of the Switzer Super Report asks “should one sell in May?”
Mar 20 2019 - FYI
RESEARCH: Anteo Diagnostics, Nano-chemistry Tech Developer
Pitt Street Research initiates coverage of Anteo Diagnostics, Brisbane-based nanochemistry technology and diagnostics company.
Mar 20 2019 - FYI
A glance through the latest expert views and predictions about commodities. Oz miners; coal; iron ore; and energy.
Mar 19 2019 - Commodities
Freedom Foods is now less likely to be in the bidding for Lion Dairy & Drinks. This would be a positive signal to brokers, putting the focus squarely on new product development.
Mar 19 2019 - Small Caps
RUDI'S VIEWS
Rudi’s View: Noni B, Nanosonics, And Webjet
In this week's Weekly Insights (this is Part Two): -Reporting Season: Reality Versus Sentiment -Conviction Calls -Aussie Banks & Market…
Mar 08 2019
DAILY MARKET REPORTS
The Overnight Report: Trading Blows
Contradictory signals on trade deal progress saw Wall Street turn another solid gain into an ultimate loss last night. Dow down -26.
Mar 20 2019
The Overnight Report: Still Pushing Higher
Wall Street was on the up yet again last night, hoping for good news from the Fed. Dow up 65.
Mar 19 2019
The Monday Report
Wrap of events affecting the market on Friday night and the weekend and a preview of the week ahead.
Mar 18 2019
The Overnight Report: Kicking The Can
The meeting between Presidents Trump and Xi re trade has been delayed. The UK is hoping to delay Brexit. Wall Street has stalled. Dow up 7.
Mar 15 2019
WEEKLY REPORTS
Share Buybacks – Who’s Doing It?
Weekly Update on ASX-listed companies buying in their own stock.
Mar 20 2019
Uranium Week: Lacking Buyers
The spot uranium price continues to fall as US utilities remain out of the market.
Mar 19 2019
Weekly Ratings, Targets, Forecast Changes
Weekly update on stockbroker recommendation, target price, and earnings forecast changes.
Mar 18 2019
Weekly Top Ten News Stories
Our top ten news stories from 07 March 2019 to 14 March 2019
Mar 15 2019
Next Week At A Glance
A brief look at important company events and economic data releases next week.
Mar 15 2019
The Wrap: Telcos, Builders, Casinos & Insurers
Weekly Broker Wrap: telcos; building; diagnostic providers; casinos; insurance; and consumer stocks.
Mar 15 2019
Australian Corporate Bond Price Tables
FNArena provides a weekly update of Australian listed corporate bond issues, current pricing and yield data.
Mar 14 2019
The Short Report
FNArena’s weekly update on short positions in the Australian share market.
Mar 14 2019
Share Buybacks – Who’s Doing It?
Weekly Update on ASX-listed companies buying in their own stock.
Mar 13 2019
THE MARKETS
-
Asia
21 March 2019 Updated : 07:12 AEDT
NZ50
9214.870
-42.310
-0.460%
Nikkei 225
21608.92
+42.07
0.20%
Hang Seng
29320.97
-145.31
-0.49%
-
World
21 March 2019 Updated : 07:12 AEDT
CAD/USD
0.7520
+0.00
0.31%
EUR/JPY
126.43
-0.14
-0.11%
EUR/USD
1.1431
+0.01
0.76%
GBP/USD
1.3209
0.00
-0.11%
USD/JPY
110.62
-0.96
-0.86%
-
Aus Stocks
21 March 2019 Updated : 07:12 AEDT
BHP (UK)
1573.00
0.00
0.00%
Rio (UK)
4204.00
-101.00
-2.35%
BHP (US)
53.39
+0.57
1.08%
Rio (US)
56.65
+0.13
0.23%
ResMed (US)
98.81
+0.88
0.90%
South32 (UK)
206.60
-0.80
-0.39%
James Hardie (US)
12.53
-0.17
-1.34%
Telstra (US)
11.62
-0.05
-0.43%
Westpac (US)
18.67
-0.11
-0.59%
Click item/line to change chart
Click item/line to change chart
CALENDAR
Thursday, 21 March 2019
NZ GDP, Q4 AU ASX equity derivatives expiry AU population, Q3 AU unemployment, Feb JP markets closed UK BoE policy meeting UK retail sales, Feb US Philadelphia Fed mfg index, Mar AGG ex-div 27.31c AIA ex-div 10.53c CII ex-div 1.5c (100%) CIW ex-div 0.75c (100%) CUP ex-div 1c (100%) ALL WEATHER STOCKS
Code Company Price AMC AMCOR LIMITED 
$14.96
ARB ARB CORPORATION LIMITED
$17.72
CSL CSL LIMITED
$194.44
REA REA GROUP LIMITED
$76.88
RMD RESMED INC
$13.88
WEEKLY PDF
Stories To Read From FNArena
WEEK 11
WEEK 10
WEEK 9
WEEK 8
WEEK 7
FNARENA TALKS
-
Click item/line to change chart
-
Click item/line to change chart
FNARENA WINDOWS
Window on BANKS
Australian Banks: Copping It From All Sides
Regulatory scrutiny, political scrutiny, increased competition, a plunging housing market and a recalcitrant neighbour all add up to a grim outlook for Australian banks.
Mar 20 2019
Window on TELECOMMUNICATION
TPG Telecom Wired For ACCC Decision
TPG Telecom is in the line of fire as it awaits the decision from the ACCC on its merger with Vodafone Australia. Brokers suspect downside risk to the share price is considerable if the merger is disallowed.
Mar 20 2019
Window on CONSUMER PRODUCTS & SERVICES
Convenience Retail Seen Oiling Caltex Growth
The renewed alliance between Viva Energy and Coles is making life more difficult for Caltex, although brokers still envisage the long-term opportunity from convenience retailing is substantial.
Mar 20 2019
SMSFUNDAMENTALS
SMSFundamentals: Passive And ESG Investment On The Rise
Exchange traded fund manager BetaShares observes a shift in investor preference towards passive investment strategies and a growing demand for ESG-based alternatives.
Mar 12 2019