FINANCIAL NEWS

FNArena Corporate Results Monitor

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

4:04 PM


Difficulties In Life Sciences Still Plague ALS

While life sciences margins surprised to the upside in the first half, brokers are unsure whether ALS Ltd can sustain these comfortably over the longer term.

2:50 PM


Confidence Grows In TechnologyOne

TechnologyOne is confident in the outlook for FY19, expecting robust growth in annualised recurring revenue and profit.

12:41 PM


SMSFundamentals: Is Your Super Adequate?

Research from Roy Morgan shows Australians’ level of super contribution is dropping, leading to a risk of insufficient retirement funding.

11:13 AM


Share Buybacks – Who’s Doing It?

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

10:00 AM


Morgan Stanley rates FBU as Equal-weight

The company has updated guidance at its AGM, revising FY19 operating earnings (EBIT) down to NZ$630-680m, which is a -6.5% reduction on Morgan Stanley's forecasts. This highlights the probability that internal problems will prevent the company from maximising profits at the top of the cycle. The Golden Bay facility closure during September was a one-off but Morgan Stanley was surprised this was the first the market heard about it.

Australian concerns feature more significantly, as cost pressures in a cooling residential market are driving lower expectations. The broker was again surprised, as construction activity remains robust. The broker fears a full Australian housing downturn, particularly if it coincides with an NZ housing decline.

Equal-weight rating maintained. Target is reduced to $5.66 from $6.36. Cautious industry view.

Deutsche Bank rates MND as Sell

Management has guided to first half revenue being down -10% versus the prior corresponding half. Deutsche Bank had been forecasting a decline of -15%.

The broker maintains a Sell rating and $11.72 target.

Morgans rates SKI as Hold

Morgans continues to doubt the sustainability of the distribution, guided at $0.16 per security in 2018, over the medium term. In the short term, the yield of around 7% remains attractive for income-oriented investors.

The investor briefing suggests the Transgrid transmission network is critical in enabling utility-scale renewable generation in the NSW market, while the South Australian and Victorian distribution networks will be important in managing the distributed energy resources.

Morgans notes SAPN and VPN remain the centrepiece of the business. A reduction in earnings and operating cash flow is expected for both these businesses when the next regulatory control periods commence in 2020/21. Capital expenditure should drive growth in the regulated asset base, ultimately anchoring long-term revenue. The company continues to review M&A opportunities.

Morgans maintains a Hold rating and reduces the target to $2.32 from $2.34.

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ANALYSIS & DATA

MARKET CONSENSUS FORECAST

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

TNE | TECHNOLOGY ONE LIMITED

Abbreviated format - see the full version here


LAST PRICE CHANGE +/- CHANGE % VOLUME

$5.67

21 Nov
2018

0.040

OPEN

$5.54

0.71%

HIGH

$5.72

2,037,525

LOW

$5.50

TARGET
$5.588 -1.5% downside
Franking for last dividend paid out: 75%
MARKET CONSENSUS FORECAST
TNE: 1
Title FY17
Actual
FY18
Actual
FY19
Forecast
FY20
Forecast
EPS (cps) 14.2 N/A 18.3 20.9
DPS (cps) 8.2 N/A 12.5 13.5
EPS Growth 6.9% N/A N/A 13.9%
DPS Growth 10.1% N/A N/A 8.2%
PE Ratio N/A N/A 31.0 27.2
Dividend Yield N/A N/A 2.2% 2.4%
Div Pay Ratio(%) 57.8% N/A 68.3% 64.9%

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DAILY FINANCIAL NEWS

FNArena Corporate Results Monitor

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

4:04 PM - Australia


While life sciences margins surprised to the upside in the first half, brokers are unsure whether ALS Ltd can sustain these comfortably over the longer term.

2:50 PM - Australia


TechnologyOne is confident in the outlook for FY19, expecting robust growth in annualised recurring revenue and profit.

12:41 PM - Australia


Brokers are looking forward to a better performance from G8 Education in 2019 as occupancy levels stabilise and supply pressures ease.

Nov 20 2018 - Australia


Medibank Private has lost its Garrison Health Services contract, a setback in terms of diversifying away from the private health insurance business.

Nov 20 2018 - Australia


Hearts, Minds & Stocks

Peter Switzer of the Switzer Super Report reviews the top picks of fund managers at the 2018 Hearts & Minds conference.

Nov 20 2018 - FYI


RUDI'S VIEWS

Rudi’s View: Reliance Worldwide, ResMed, And Equity Trustees

In this week's Weekly Insights (this is Part Two): -Autumn Has Arrived, Plus Seven Quotes -ESG Focus Should Be Yours…

Nov 16 2018

DAILY MARKET REPORTS

The Overnight Report: October Low

The S&P last night returned to its October low. Next stop the February low? Dow down -551.

9:04 AM


Today’s Financial Calendar

Significant Scheduled Events For 21 November, 2018

8:15 AM


The Overnight Report: Tech & Trade

Suspected softer demand for iPhones saw Apple’s weakness cascade through markets while tensions in PNG set the trade fear trade off once more. Dow down -407.

Nov 20 2018


Today’s Financial Calendar

Significant Scheduled Events For 20 November, 2018

Nov 20 2018


The Monday Report

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

Nov 19 2018


Today’s Financial Calendar

Significant Scheduled Events For 19 November, 2018

Nov 19 2018


The Overnight Report: Comeback Again

Down on Brexit, back on trade – Wall Street again posted a big turnaround last night, this time closing higher. Dow up 208.

Nov 16 2018


WEEKLY REPORTS

Share Buybacks – Who’s Doing It?

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

10:00 AM

Uranium Week: Kazakhstan Capitalism

The long awaited IPO of a stake of Kazakhstan’s state-owned uranium producer went ahead last week, pending listing in London.

Nov 20 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.

Nov 19 2018


Weekly Ratings, Targets, Forecast Changes

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

Nov 19 2018

Weekly Top Ten News Stories

Our top ten news stories from 08 November 2018 to 15 November 2018

Nov 16 2018

Next Week At A Glance

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

Nov 16 2018


The Wrap: Canaries, 5G, Telcos & IP Services

Weekly Broker Wrap: canaries; monetary policies; 5G; telcos and IP services.

Nov 16 2018

The Short Report

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

Nov 15 2018

Australian Corporate Bond Price Tables

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

Nov 15 2018


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THE MARKETS

    Click item/line to change chart

  • Australia

    21 November 2018   Updated : 20:12   AEDT

    SPI Overnight (Dec)

    5613.00

    -65.00

    -1.14%

    All Ordinaries

    5722.10

    -37.10

    -0.64%

    S&P ASX 200

    5642.80

    -29.00

    -0.51%

    S&P ASX 300

    5598.40

    -30.30

    -0.54%

    Consumer Discretionary

    2165.40

    -12.90

    -0.59%

    Consumer Staples

    10299.30

    +28.20

    0.27%

    Energy

    10059.10

    -255.90

    -2.48%

    Financials

    5626.20

    +11.50

    0.20%

    Health Care

    27825.10

    +402.90

    1.47%

    Industrials

    5668.60

    -36.30

    -0.64%

    Info Technology

    1044.70

    -29.70

    -2.76%

    Materials

    10913.70

    -299.80

    -2.67%

    Telecommunication

    1094.70

    -0.70

    -0.06%

    Utilities

    7204.50

    -8.90

    -0.12%

  • Asia

    21 November 2018   Updated : 20:12   AEDT

    NZ50

    9214.870

    -42.310

    -0.460%

    Nikkei 225

    21507.54

    -75.58

    -0.35%

    Hang Seng

    25971.47

    +131.13

    0.51%

    Click item/line to change chart

  • Australasia

    21 November 2018   Updated : 20:12   AEDT

    AUD/USD

    0.7244

    0.00

    -0.59%

    AUD/NZD

    1.0614

    0.00

    -0.08%

    NZD/USD

    0.6826

    0.00

    -0.48%

    AUD/JPY

    81.77

    -0.08

    -0.10%

    SGD/AUD

    1.01

    +0.01

    0.50%

    AUD/EUR

    0.6352

    0.00

    -0.39%

    AUD/GBP

    0.5660

    0.00

    -0.33%

  • World

    21 November 2018   Updated : 20:12   AEDT

    CAD/USD

    0.7525

    -0.01

    -0.86%

    EUR/JPY

    128.74

    +0.40

    0.31%

    EUR/USD

    1.1404

    0.00

    -0.19%

    GBP/USD

    1.2800

    0.00

    -0.23%

    USD/JPY

    112.89

    +0.55

    0.49%

    Click item/line to change chart

  • World

    21 November 2018   Updated : 20:12   AEDT

    FTSE100

    6997.10

    +49.18

    0.71%

    DAX30

    11170.74

    +104.33

    0.94%

    DJIA

    24465.64

    -551.80

    -2.21%

    S&P500

    2641.89

    -48.84

    -1.82%

    Nasdaq Comp

    6908.82

    -119.65

    -1.70%

    S&P500 VIX

    21.63

    +1.53

    7.61%

    US 10-year yield

    3.048

    -0.009

    -0.290%

    USD Index

    96.85

    +0.65

    0.68%

  • Aus Stocks

    21 November 2018   Updated : 20:12   AEDT

    BHP (UK)

    1599.00

    +13.60

    0.86%

    Rio (UK)

    3849.00

    +41.00

    1.08%

    BHP (US)

    46.00

    -1.58

    -3.32%

    Rio (US)

    49.06

    -1.60

    -3.16%

    ResMed (US)

    101.61

    -0.94

    -0.92%

    South32 (UK)

    180.09

    -2.71

    -1.48%

    James Hardie (US)

    11.05

    -0.57

    -4.91%

    Telstra (US)

    10.81

    -

    -

    Westpac (US)

    18.23

    -0.09

    -0.49%

    Click item/line to change chart

  • Spot Metals & Minerals

    21 November 2018   Updated : 07:36   AEDT

    Gold (oz)

    1220.80

    -3.10

    -0.25%

    Silver (oz)

    14.30

    -0.10

    -0.69%

    Copper (lb)

    2.7969

    -0.02

    -0.68%

    Aluminium (lb)

    0.8729

    +0.01

    0.72%

    Lead (lb)

    0.8863

    -0.02

    -1.95%

    Nickel (lb)

    5.0283

    -0.06

    -1.19%

    Zinc (lb)

    1.2014

    -0.01

    -0.70%

    Copper (t)

    6166.00

    -42.00

    -0.68%

    Aluminium (t)

    1924.00

    +14.00

    0.73%

    Lead (t)

    1954.00

    -39.00

    -1.96%

    Nickel (t)

    11085.00

    -134.00

    -1.19%

    Zinc (t)

    2649.00

    -19.00

    -0.71%

    Uranium (lb) weekly

    29.15

    +0.05

    0.17%

  • Commodities Futures

    21 November 2018   Updated : 08:41   AEDT

    West Texas Crude (Jan)

    53.24

    -3.93

    -6.87%

    Brent Crude (Jan)

    62.30

    -4.76

    -7.10%

    Iron Ore (t) futures

    74.90

    -0.40

    -0.53%

CALENDAR

Wednesday, 21 November 2018
US durable goods orders, Oct
US existing home sales, Oct
US UMich consumer sentiment, Nov (final)
FPH quarterly report
HPI AGM
IMF AGM
REA AGM
SHL AGM
SVW AGM
VRT AGM
WEB AGM
WOW AGM
WTC AGM

ALL WEATHER STOCKS

Code Company Price
AMC AMCOR LIMITED

$13.36

ARB ARB CORPORATION LIMITED

$16.62

CSL CSL LIMITED

$178.77

REA REA GROUP LIMITED

$74.75

RMD RESMED INC

$14.02

WEEKLY PDF

Stories To Read From FNArena


WEEK 46

WEEK 45

WEEK 44

WEEK 43

WEEK 42

FNARENA TALKS

FNARENA WINDOWS

Window on INDUSTRIAL SECTOR CONTRACTORS & ENGINEERS

Difficulties In Life Sciences Still Plague ALS

While life sciences margins surprised to the upside in the first half, brokers are unsure whether ALS Ltd can sustain these comfortably over the longer term.

2:50 PM


Window on IT & SUPPORT

Confidence Grows In TechnologyOne

TechnologyOne is confident in the outlook for FY19, expecting robust growth in annualised recurring revenue and profit.

12:41 PM


Window on WEALTH MANAGEMENT & INVESTMENTS

SMSFundamentals: Is Your Super Adequate?

Research from Roy Morgan shows Australians’ level of super contribution is dropping, leading to a risk of insufficient retirement funding.

11:13 AM


SMSFUNDAMENTALS

SMSFundamentals: Is Your Super Adequate?

Research from Roy Morgan shows Australians’ level of super contribution is dropping, leading to a risk of insufficient retirement funding.

11:13 AM


FEATURE STORIES

Rudi’s Comprehensive August 2018 Review

A compilation of stories relating to the August 2018 corporate reporting season in Australia, published between late July and early September. Attached is FNArena’s final balance for the season.

Oct 26 2018