FINANCIAL NEWS

How Deep, How Long, How Far?

Dear time-poor reader: market analysts and strategists are trying to assess how deep the covid-19 damage will be, and for…

10:00 AM


SPONSORED: MMJ Discount Implies 150% Upside

Cannabis stocks have had a challenging year with huge selloffs seen across the sector. Yet this presents opportunities that are hard to ignore.

2:14 PM


Next Week At A Glance – 14-17 Apr 2020

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

11:51 AM


FNArena Corporate Results Monitor – 09-04-2020

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

11:40 AM


The Short Report – 09 Apr 2020

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

11:37 AM


Macquarie rates AWC as Outperform

Macquarie has marked to market for March quarter bulk commodity prices and incorporated provisional pricing adjustments. Recent strong share price moves have eroded value upside.

The broker retains a preference for iron ore miners on significant FY22 earnings upside at current spot prices. Recent declines in alumina and coal prices have increased downside risk for relevant miners.

Outperform retained for Alumina Ltd, target rises to $1.90 from $1.60.

Credit Suisse rates CAJ as Outperform

Credit Suisse suggests the closure of the Fowler Simmons transaction just ahead of the current crisis puts the focus on the balance sheet at a time when it was showing some sign of turning around.

The broker expects fourth quarter revenues will be down -35%, given the exposure to GP referrals and musculoskeletal work.

Nevertheless, the business does operate in an industry that is growing at around 5-7% per annum and one week customer bills are paid within two days.

Going forward, Credit Suisse suggests this is the type of industry that lending syndicates will support. Outperform rating maintained. Target reduced to $0.26 from $0.34.

UBS rates OSH as Buy

Oil Search has announced a US$700m capital raising at $2.10 a share as well as a nine-month extension to its US$300m facility. Production and capital guidance have been maintained.

UBS estimates now reflect the extra shares on issue and an oil price forecast of US$35/bbl in 2020. Easing of concerns over the balance sheet should enable a market to focus on internal options, the broker suggests.

Buy rating maintained. Target is raised to $3.10 from $2.70.

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ANALYSIS & DATA

MARKET CONSENSUS FORECAST

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

MMS | MCMILLAN SHAKESPEARE LIMITED

Abbreviated format - see the full version here


LAST PRICE CHANGE +/- CHANGE % VOLUME

$7.29

09 Apr
2020

-0.090

OPEN

$7.28

-1.22%

HIGH

$7.51

180,271

LOW

$7.19

TARGET
$10.393 42.6% upside
Franking for last dividend paid out: 100%
MARKET CONSENSUS FORECAST
MMS: 1
Title FY18
Actual
FY19
Actual
FY20
Forecast
FY21
Forecast
EPS (cps) 60.9 77.0 83.6 94.1
DPS (cps) 73.0 74.0 50.7 62.0
EPS Growth - 41.9% 26.4% 8.6% 12.5%
DPS Growth 10.6% 1.4% - 31.5% 22.3%
PE Ratio N/A N/A 8.7 7.8
Dividend Yield N/A N/A 7.0% 8.5%
Div Pay Ratio(%) 119.9% 96.1% 60.6% 65.9%

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DAILY FINANCIAL NEWS

SPONSORED: MMJ Discount Implies 150% Upside

Cannabis stocks have had a challenging year with huge selloffs seen across the sector. Yet this presents opportunities that are hard to ignore.

2:14 PM - FYI


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

11:40 AM - Australia


Audinate is expected to withstand the current downturn, given its market share, but revenue could be challenged in the short term.

10:32 AM - Small Caps


Flight Centre has slashed monthly operating costs and raised capital. Brokers expect a leaner enterprise with greater market share is likely to emerge.

Apr 08 2020 - Australia


Ahead of the Herd’s Rick Mills notes that while metal prices have fallen on demand destruction due to shutdowns, mine shutdowns imply eventually a supply crunch will lead to a big price turnaround.

Apr 08 2020 - Commodities


HUB24 has experienced significant growth in funds on its platform. To what extent are prospects shaped by expectations of a sharp rebound in markets after the crisis has passed?

Apr 08 2020 - Australia


RUDI'S VIEWS

How Deep, How Long, How Far?

Dear time-poor reader: market analysts and strategists are trying to assess how deep the covid-19 damage will be, and for…

10:00 AM

DAILY MARKET REPORTS

The Overnight Report: Accentuate The Positive

Wall Street has kicked on again after the head US medico spoke of a timeline to reopening the country. Dow up 779. (Available for non-subscribers after 10am)

9:17 AM


Today’s Financial Calendar – 09-04-2020

Significant Scheduled Events For 09 April, 2020

8:15 AM


The Overnight Report: Fade Away

Rallies from the bottom here and in the US appear to have run their course for now. Dow down -26. Yes, only -26. (Available for non-subscribers after 10am)

Apr 08 2020


Today’s Financial Calendar – 08-04-2020

Significant Scheduled Events For 08 April, 2020

Apr 08 2020


The Overnight Report: Flattening Curve?

Evidence that the virus curve has begun to rollover in NSW, Italy, Spain and NYC has had stock markets surging. Dow up 1627. (Available for non-subscribers after 10am)

Apr 07 2020


Today’s Financial Calendar – 07-04-2020

Significant Scheduled Events For 07 April, 2020

Apr 07 2020


Australian Broker Call *Extra* Edition – Apr 06, 2020

Extra Edition of the Broker Call Report

Apr 06 2020


WEEKLY REPORTS

Next Week At A Glance – 14-17 Apr 2020

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

11:51 AM

The Short Report – 09 Apr 2020

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

11:37 AM

Australian Corporate Bond Price Tables – 09-04-20

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

11:01 AM


Playing The Working From Home Boom

The New Criterion’s Tim Boreham identifies two small Australian stocks suddenly in the spotlight as the world works from home.

Apr 08 2020

Uranium Week: A Wake Up Call?

After years of lacklustre uranium prices and a lack of any urgency on the part of utilities, suddenly the virus has markedly changed the nuclear energy equation.

Apr 07 2020

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.

Apr 06 2020


Weekly Ratings, Targets, Forecast Changes – 03-04-20

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

Apr 06 2020

Weekly Top Ten News Stories – 3 April 2020

Our top ten news stories from 26 March 2020 to 02 April 2020

Apr 03 2020

Next Week At A Glance – 6-10 Apr 2020

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

Apr 03 2020


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THE MARKETS

    Click item/line to change chart

  • Australia

    09 April 2020   Updated : 16:12   AEDT

    SPI Overnight (Jun)

    5248.00

    +70.00

    1.35%

    All Ordinaries

    5411.80

    +153.00

    2.91%

    S&P ASX 200

    5357.50

    +150.60

    2.89%

    S&P ASX 300

    5312.70

    +150.60

    2.92%

    Consumer Discretionary

    2045.50

    +81.30

    4.14%

    Consumer Staples

    11870.20

    -20.00

    -0.17%

    Energy

    6913.30

    +226.70

    3.39%

    Financials

    4257.70

    +128.70

    3.12%

    Health Care

    44111.90

    +1518.70

    3.57%

    Industrials

    5183.50

    +235.40

    4.76%

    Info Technology

    1144.00

    +49.00

    4.47%

    Materials

    11507.50

    +125.10

    1.10%

    Telecommunication

    1076.70

    +15.70

    1.48%

    Utilities

    7584.70

    +243.20

    3.31%

  • Asia

    09 April 2020   Updated : 16:12   AEDT

    NZ50

    9214.870

    -42.310

    -0.460%

    Nikkei 225

    19305.63

    -47.61

    -0.25%

    Hang Seng

    24135.50

    +165.13

    0.69%

    Click item/line to change chart

  • Australasia

    09 April 2020   Updated : 16:12   AEDT

    AUD/USD

    0.6200

    +0.00

    0.67%

    AUD/NZD

    1.0347

    +0.00

    0.25%

    NZD/USD

    0.5992

    +0.00

    0.45%

    AUD/JPY

    67.54

    +0.54

    0.81%

    SGD/AUD

    1.13

    -0.01

    -0.57%

    AUD/EUR

    0.5717

    +0.01

    0.90%

    AUD/GBP

    0.5014

    +0.00

    0.46%

    AUDCAD

    0.8712

    +0.01

    0.95%

  • World

    09 April 2020   Updated : 16:12   AEDT

    CAD/USD

    0.7117

    0.00

    -0.24%

    EUR/JPY

    118.15

    -0.12

    -0.10%

    EUR/USD

    1.0845

    0.00

    -0.18%

    GBP/USD

    1.2365

    +0.00

    0.27%

    USD/JPY

    108.94

    +0.09

    0.08%

    Click item/line to change chart

  • World

    09 April 2020   Updated : 16:12   AEDT

    FTSE100

    5677.73

    -26.72

    -0.47%

    DAX30

    10332.89

    -23.81

    -0.23%

    DJIA

    23433.57

    +779.71

    3.44%

    S&P500

    2749.98

    +90.57

    3.41%

    Nasdaq Comp

    8090.90

    +203.64

    2.58%

    S&P500 VIX

    43.35

    -3.35

    -7.17%

    US 10-year yield

    0.764

    +0.028

    3.800%

    USD Index

    100.16

    +0.21

    0.21%

  • Aus Stocks

    09 April 2020   Updated : 16:12   AEDT

    BHP (UK)

    1276.80

    0.00

    0.00%

    Rio (UK)

    3697.00

    0.00

    0.00%

    BHP (US)

    39.31

    +0.79

    2.05%

    Rio (US)

    46.00

    +0.27

    0.59%

    ResMed (US)

    155.16

    +1.48

    0.96%

    South32 (UK)

    98.06

    0.00

    0.00%

    James Hardie (US)

    12.18

    0.00

    0.00%

    Telstra (US)

    9.68

    +0.05

    0.52%

    Westpac (US)

    9.59

    -0.15

    -1.54%

    Click item/line to change chart

  • Spot Metals & Minerals

    09 April 2020   Updated : 07:37   AEDT

    Gold (oz)

    1646.50

    -3.20

    -0.19%

    Silver (oz)

    14.90

    0.00

    0.00%

    Copper (lb)

    2.2562

    -0.02

    -1.08%

    Aluminium (lb)

    0.6701

    +0.00

    0.37%

    Lead (lb)

    0.7695

    +0.01

    0.81%

    Nickel (lb)

    5.1637

    +0.07

    1.38%

    Zinc (lb)

    0.8575

    +0.00

    0.06%

    Copper (t)

    4974.00

    -54.00

    -1.07%

    Aluminium (t)

    1477.00

    +6.00

    0.41%

    Lead (t)

    1696.00

    +14.00

    0.83%

    Nickel (t)

    11384.00

    +155.00

    1.38%

    Zinc (t)

    1890.00

    +1.00

    0.05%

    Uranium (lb) weekly

    27.60

    +0.60

    2.22%

  • Commodities Futures

    09 April 2020   Updated : 08:38   AEDT

    West Texas Crude

    26.14

    +1.88

    7.75%

    Brent Crude

    33.54

    +1.04

    3.20%

    Iron Ore (t) futures

    83.30

    +1.35

    1.65%

CALENDAR

Thursday, 9 April 2020
AU RBA Financial Stability Review
UK industrial production, Feb
UK trade balance, Feb
US PPI, Mar
US UMich consumer sentiment, Apr (initial)
US weekly new jobless claims
ABC ex-div 5c (100%)
BKW ex-div 20c (100%)
BLV ex-div 15c (0%)
CL1 ex-div 0.05c (0%)
ILU AGM
TPM ex-div 3c (100%)
Friday, 10 April 2020

ALL WEATHER STOCKS

Code Company Price
COL COLES GROUP LIMITED

$15.86

CSL CSL LIMITED

$323.03

REA REA GROUP LIMITED

$83.45

RMD RESMED INC

$24.27

TNE TECHNOLOGYONE LIMITED

$8.24

WEEKLY PDF

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WEEK 14

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WEEK 10

FNARENA TALKS

FNARENA WINDOWS

Window on HARDWARE & EQUIPMENT

Audinate Resonates Despite Downturn

Audinate is expected to withstand the current downturn, given its market share, but revenue could be challenged in the short term.

10:32 AM


Window on BANKS

Australian Banks: There Go The Dividends

Just when bank analysts were attempting to forecast the possible extent of dividend cuts for Australia’s banks, along comes APRA to help make the banks’ decisions for them.

Apr 08 2020


Window on TRAVEL, LEISURE & TOURISM

Flight Centre To Emerge Bigger And Leaner

Flight Centre has slashed monthly operating costs and raised capital. Brokers expect a leaner enterprise with greater market share is likely to emerge.

Apr 08 2020


FEATURE STORIES

Australian Banks: There Go The Dividends

Just when bank analysts were attempting to forecast the possible extent of dividend cuts for Australia’s banks, along comes APRA to help make the banks’ decisions for them.

Apr 08 2020