FINANCIAL NEWS

Aristocrat Leisure Gambles On Playtech

Aristocrat Leisure has seized the moment, launching a takeover of Playtech to quickly expand its presence in the iGaming market

Oct 19 2021


Zip Co’s Slowing Growth Divides

Zip Co endured a seasonally weak first quarter and, despite robust growth rates, not all brokers are forgiving

Oct 19 2021


Australian Broker Call *Extra* Edition – Oct 19, 2021

Extra Edition of the Broker Call Report

Oct 19 2021


Megaport: One To Watch

Michael Gable of Fairmont Equities notes Megaport has rallied back towards strong resistance and a break would imply a return to upside

Oct 19 2021


Uranium Week: Kazatomprom’s New Fund

After last week’s 23% rise in the weekly spot uranium price, Kazatomprom begins the new week by announcing the establishment of a new physical uranium fund

Oct 19 2021


Credit Suisse rates ALL as Outperform

Aristocrat Leisure has announced the cash acquisition of Playtech for $5bn, allowing Aristocrat Leisure to fill a strategic gap and enter the US iGaming space. 

Credit Suisse notes while the acquisition can add significant value, there is execution risk over the next three years and awaits further details on Aristocrat Leisure's plan. 

The Outperform rating and target price of $50.30 are retained.

Macquarie rates CVN as Neutral

Carnarvon Petroleum is increasing drilling activity as Buffalo, Apus and Parvo are all expected to commence in the next six months.

Dorado is also progressing and with a net capital commitment of -$550m, Macquarie suspects the company may need to sell down its stake (20%) and raise project debt to participate in the final investment decision.

The broker retains a Neutral rating and $0.33 target.

Morgan Stanley rates TPW as Overweight

After a trading update, Morgan Stanley feels there are upside risks to consensus forecasts for revenue and earnings. It's thought $1bn in revenue in four to five years is achievable, due to a dominant position and potential online migration and share gains.

Revenue rose 56% year-on-year from 1 July to 15 October, an acceleration from 49% year-on-year from 1 July to 27 August. This implies to the analyst that growth accelerated to 65% from 28 August to 15 October.

The Overweight rating and target price of $16.00 are retained. Industry view: In-Line.

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ANALYSIS & DATA

FNARENA'S MARKET CONSENSUS FORECASTS

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

TPW | TEMPLE & WEBSTER GROUP LIMITED

Abbreviated format - see the full version here


LAST PRICE CHANGE +/- CHANGE % VOLUME

$13.04

18 Oct
2021

-0.370

OPEN

$13.62

-2.76%

HIGH

$14.03

579,672

LOW

$12.96

TARGET
$15.113 15.9% upside
FNARENA'S MARKET CONSENSUS FORECASTS
TPW: 1
Title FY20
Actual
FY21
Actual
FY22
Forecast
FY23
Forecast
EPS (cps) xxx 11.6 8.2 xxx
DPS (cps) xxx 0.0 0.0 xxx
EPS Growth xxx - 5.5% - 29.7% xxx
DPS Growth xxx N/A N/A xxx
PE Ratio xxx N/A 154.7 xxx
Dividend Yield xxx N/A 0.0% xxx
Div Pay Ratio(%) xxx 0.0% 0.0% xxx

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DAILY FINANCIAL NEWS

Aristocrat Leisure Gambles On Playtech

Aristocrat Leisure has seized the moment, launching a takeover of Playtech to quickly expand its presence in the iGaming market

Oct 19 2021 - Australia


Zip Co endured a seasonally weak first quarter and, despite robust growth rates, not all brokers are forgiving

Oct 19 2021 - Australia


Michael Gable of Fairmont Equities notes Megaport has rallied back towards strong resistance and a break would imply a return to upside

Oct 19 2021 - Technicals


In what could be classed as an overreaction, Pendal Group disappointed the market, as outflows from the latest acquisition dominated the headlines

Oct 18 2021 - Australia


As people once again enjoy wining and dining Treasury Wine expects earnings growth will ramp up across its operating regions

Oct 18 2021 - Australia


As the world prepares to re-open for international travel, countries need to find common ground on vaccine passport approvals

Oct 18 2021 - International


RUDI'S VIEWS

Rudi’s View: BHP, Codan, Macquarie, Santos And QBE

In this week's Weekly Insights: -Forecasts Are Falling-Conviction Calls-Research To Download By Rudi Filapek-Vandyck, Editor FNArena Forecasts Are Falling As…

Oct 14 2021

DAILY MARKET REPORTS

Australian Broker Call *Extra* Edition – Oct 19, 2021

Extra Edition of the Broker Call Report

Oct 19 2021


The Overnight Report: Beware The Beast

Inflation concerns across the globe have yields on the rise, but Wall Street is taking it in its stride. Dow down -36. (Available for non-subscribers after 10am)

Oct 19 2021


Today’s Financial Calendar – 19-10-2021

Significant Scheduled Events For 19 October, 2021

Oct 19 2021


The Monday Report – 18 October 2021

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

Oct 18 2021


Today’s Financial Calendar – 18-10-2021

Significant Scheduled Events For 18 October, 2021

Oct 18 2021


The Overnight Report: And We’re Off

Last night’s earnings results had Wall Street off to a flier for the opening of the season. Dow up 534. (Available for non-subscribers after 10am)

Oct 15 2021


Today’s Financial Calendar – 15-10-2021

Significant Scheduled Events For 15 October, 2021

Oct 15 2021


WEEKLY REPORTS

Uranium Week: Kazatomprom’s New Fund

After last week’s 23% rise in the weekly spot uranium price, Kazatomprom begins the new week by announcing the establishment of a new physical uranium fund

Oct 19 2021

Australian Listed Real Estate Tables – 18-10-2021

FNArena provides a weekly update of Australian listed property stocks, current pricing yield and valuation data

Oct 18 2021

Weekly Ratings, Targets, Forecast Changes – 15-10-21

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

Oct 18 2021


Weekly Top Ten News Stories – 15 October 2021

Our top ten news stories from 07 October 2021 to 14 October 2021

Oct 15 2021

Next Week At A Glance – 18-22 Oct 2021

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

Oct 15 2021

The Wrap: Platforms, Insurers Managed Funds, Emerging Green Companies & Fraud

Weekly Broker Wrap: Platform players; insurers; managed funds; emerging green companies; and investment scams

Oct 15 2021


The Short Report – 14 Oct 2021

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

Oct 14 2021

Hidden Gems: Profitable Small Caps Forging Export Markets

The New Criterion’s Tim Boreham fossicks for Australia’s quiet achievers in global markets and finds glimmers of hope

Oct 13 2021

Uranium Week: Net Zero Puts Nuclear In Focus

As the weekly spot uranium price falls for the third consecutive week, the importance of nuclear power was reinforced by governments in Japan and the UK

Oct 12 2021


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THE MARKETS

    Click item/line to change chart

  • Australia

    19 October 2021   Updated : 20:12   AEDT

    SPI Overnight

    7337.00

    -20.00

    -0.27%

    All Ordinaries

    7690.20

    +0.50

    0.01%

    S&P ASX 200

    7374.90

    -6.20

    -0.08%

    S&P ASX 300

    7384.90

    -2.60

    -0.04%

    Consumer Discretionary

    3497.00

    +23.20

    0.67%

    Consumer Staples

    13833.90

    +0.60

    0.00%

    Energy

    8941.30

    -62.90

    -0.70%

    Financials

    6789.90

    -12.20

    -0.18%

    Health Care

    44822.90

    +350.10

    0.79%

    Industrials

    6464.70

    -9.90

    -0.15%

    Info Technology

    2319.50

    +36.30

    1.59%

    Materials

    15299.80

    -215.40

    -1.39%

    Telecommunication

    1533.30

    -8.20

    -0.53%

    Utilities

    6167.00

    -10.90

    -0.18%

  • Asia

    19 October 2021   Updated : 20:12   AEDT

    NZ50

    9214.870

    -42.310

    -0.460%

    Nikkei 225

    29215.52

    +190.06

    0.65%

    Hang Seng

    25787.21

    +377.46

    1.49%

    Click item/line to change chart

  • Australasia

    19 October 2021   Updated : 20:12   AEDT

    AUD/USD

    0.7468

    +0.01

    1.04%

    AUD/NZD

    1.0450

    0.00

    -0.23%

    NZD/USD

    0.7149

    +0.01

    1.32%

    AUD/JPY

    85.09

    +0.58

    0.68%

    SGD/AUD

    1.00

    -0.01

    -0.50%

    AUD/EUR

    0.6405

    +0.00

    0.36%

    AUD/GBP

    0.5414

    +0.00

    0.50%

    AUDCAD

    0.9201

    +0.00

    0.38%

  • World

    19 October 2021   Updated : 20:12   AEDT

    CAD/USD

    0.8116

    +0.01

    0.66%

    EUR/JPY

    132.85

    +0.42

    0.32%

    EUR/USD

    1.1660

    +0.01

    0.67%

    GBP/USD

    1.3793

    +0.01

    0.54%

    USD/JPY

    113.94

    -0.40

    -0.35%

    Click item/line to change chart

  • World

    19 October 2021   Updated : 20:12   AEDT

    FTSE100

    7207.50

    +3.67

    0.05%

    DAX30

    15471.70

    -2.77

    -0.02%

    DJIA

    35258.61

    -36.15

    -0.10%

    S&P500

    4486.46

    +15.09

    0.34%

    Nasdaq Comp

    15021.81

    +124.47

    0.84%

    S&P500 VIX

    16.13

    -0.17

    -1.04%

    US 10-year yield

    1.584

    +0.008

    0.510%

    USD Index

    93.97

    +0.03

    0.03%

  • Aus Stocks

    19 October 2021   Updated : 20:12   AEDT

    BHP (UK)

    2012.13

    +24.53

    1.23%

    Rio (UK)

    5083.00

    +81.00

    1.62%

    BHP (US)

    58.01

    +0.53

    0.92%

    Rio (US)

    70.18

    -0.25

    -0.35%

    ResMed (US)

    256.99

    +1.50

    0.59%

    South32 (UK)

    210.70

    -4.30

    -2.00%

    James Hardie (US)

    37.28

    +0.31

    0.84%

    Telstra (US)

    14.36

    0.00

    0.00%

    Janus Henderson (US)

    44.76

    -0.13

    -0.29%

    Westpac (US)

    18.92

    -0.08

    -0.42%

    Newcrest (CA)

    22.45

    +0.05

    0.22%

    Click item/line to change chart

  • Spot Metals & Minerals

    19 October 2021   Updated : 07:39   AEDT

    Gold (oz)

    1764.30

    -3.10

    -0.18%

    Silver (oz)

    23.17

    -0.13

    -0.56%

    Copper (lb)

    4.7629

    +0.05

    1.04%

    Aluminium (lb)

    1.4426

    +0.00

    0.28%

    Lead (lb)

    1.0929

    +0.02

    1.39%

    Nickel (lb)

    9.1258

    +0.05

    0.50%

    Zinc (lb)

    1.7105

    +0.10

    6.43%

    Copper (t)

    10500.00

    +108.00

    1.04%

    Aluminium (t)

    3180.00

    +9.00

    0.28%

    Lead (t)

    2409.00

    +33.00

    1.39%

    Nickel (t)

    20119.00

    +100.00

    0.50%

    Zinc (t)

    3771.00

    +228.00

    6.44%

    Uranium (lb) weekly

    46.00

    +8.60

    22.99%

  • Commodities Futures

    19 October 2021   Updated : 07:39   AEDT

    West Texas Crude

    82.33

    +0.05

    0.06%

    Brent Crude

    84.16

    -0.70

    -0.82%

    Iron Ore (t)

    124.15

    -1.30

    -1.04%

CALENDAR

Wednesday, 20 October 2021
JP trade balance, Sep
EZ CPI, Sep
UK CPI & PPI, Sep
US Fed Beige Book
ALX quarterly report
DMP investor day
DRR AGM
EVN quarterly production report
FLT AGM
HRL AGM
ORG AGM
OZL quarterly production report
PAN AGM

ALL WEATHER STOCKS

Code Company Price
COL COLES GROUP LIMITED

$17.81

CSL CSL LIMITED

$296.18

REA REA GROUP LIMITED

$154.51

RMD RESMED INC

$35.16

TNE TECHNOLOGY ONE LIMITED

$12.49

WEEKLY PDF

Stories To Read From FNArena


WEEK 42

WEEK 41

WEEK 40

WEEK 39

WEEK 38

FNARENA TALKS

FNARENA WINDOWS

Window on GAMING

Aristocrat Leisure Gambles On Playtech

Aristocrat Leisure has seized the moment, launching a takeover of Playtech to quickly expand its presence in the iGaming market

Oct 19 2021


Window on BUSINESS & CONSUMER CREDIT

Zip Co’s Slowing Growth Divides

Zip Co endured a seasonally weak first quarter and, despite robust growth rates, not all brokers are forgiving

Oct 19 2021


Window on CLOUD SERVICES

Megaport: One To Watch

Michael Gable of Fairmont Equities notes Megaport has rallied back towards strong resistance and a break would imply a return to upside

Oct 19 2021


SMSFUNDAMENTALS

SMSFundamentals: Record Growth In ETF Markets

The month of September was the weakest for equities this year, but that did not stop investors piling into ETFs both domestic and international, equity and fixed income.

Oct 14 2021


FEATURE STORIES

Equity Strategy: Awkward Adolescence

While the pace of the global economic recovery has slowed, the next step is another move out of covid-driven restrictions. What is the path from here for global and Australian equity markets?

Oct 07 2021