FINANCIAL NEWS
FNArena Corporate Results Monitor – 16-04-2021
FNArena’s Monitor keeps track of corporate earnings result releases, including broker views, ratings and target price changes and beat/miss assessments
2:33 PM
Weekly Top Ten News Stories – 16 April 2021
Our top ten news stories from 08 April 2021 to 15 April 2021
12:13 PM
Who’s Top Of The Class In Listed Education?
The New Criterion’s Tim Boreham talks about some ASX-listed education providers acing it in the post-pandemic world.
11:39 AM
Material Matters: Gold, Thermal Coal & Alumina
A glance through the latest expert views and predictions about commodities: gold; thermal coal; copper; aluminium/alumina; and iron ore
11:01 AM
Next Week At A Glance – 19-23 Apr 2021
A brief look at important company events and economic data releases next week
10:29 AM
Macquarie rates BGL as Outperform
Bellevue Gold's resources have grown to 8.55mt at 9.9g/t for 2.7moz following a maiden resource estimate from the newly discovered Marceline lode.
In Macquarie's view, additional ounces from Marceline and Deacon North in the stage two mine plan will be at a low rate of capital intensity.
Also, extensions of Marceline and other lodes in the upper levels present a key opportunity for Bellevue Gold to add low capital ounces, in the broker's view.
Target price rises to $1.05 from $1. Outperform rating retained.
Morgans rates PDL as Add
Morgans upgrades the EPS forecast for FY21 by 7.2% in FY21 and circa 2% in outer years. Pendal Group reported group funds under management (FUM) rose 4.4% for the second quarter. The Add rating is unchanged and the target price is increased $8.10 from $7.15.
The broker now has increased confidence that further meaningful net outflows can be stemmed in the JOHCM business. Several funds (in particular UK/EU value orientated funds) have regained significant investment underperformance since November 2020.
The improved performance also improves the medium-term outlook for performance fees. Morgans sees the current valuation as relatively undemanding.
Credit Suisse rates WHC as Downgrade to Neutral from Outperform
Whitehaven Coal's March quarter performance disappointed Credit Suisse with solid output at the open-cut mines undone by problems at Narrabri mine that led to outages for four weeks in the half.
The miner has cut its FY21 production and sales estimates yet again by -0.6-0.8mt for Narrabri. Also, the issues there eliminated cash generation in the quarter with no reduction in the net debt to date.
The broker expected net debt to halve by the end of FY22 but sees that delayed by over two years now.
Credit Suisse downgrades to Neutral from Outperform with the target price dropping to $1.55 from $1.95.
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ANALYSIS & DATA
FNARENA'S MARKET CONSENSUS FORECASTS
To display the stock analysis for a company please enter the company code:
ALD | AMPOL
Abbreviated format - see the full version here
| LAST PRICE | CHANGE +/- | CHANGE % | VOLUME |
|---|---|---|---|
|
$25.73 15 Apr |
OPEN $24.50 |
HIGH $25.97 |
938,107 LOW $24.50 |
1.320| TARGET | |||
| $29.102 13.1% upside | |||
| Franking for last dividend paid out: 100% |
| Title | FY19 Actual |
FY20 Actual |
FY21 Forecast |
FY22 Forecast |
|---|---|---|---|---|
| EPS (cps) | xxx | - 194.2 | 122.9 | xxx |
| DPS (cps) | xxx | 48.0 | 60.7 | xxx |
| EPS Growth | xxx | N/A | N/A | xxx |
| DPS Growth | xxx | - 42.2% | 26.4% | xxx |
| PE Ratio | xxx | N/A | 21.1 | xxx |
| Dividend Yield | xxx | N/A | 2.3% | xxx |
| Div Pay Ratio(%) | xxx | N/A | 49.3% | xxx |
DAILY FINANCIAL NEWS
FNArena Corporate Results Monitor – 16-04-2021
FNArena’s Monitor keeps track of corporate earnings result releases, including broker views, ratings and target price changes and beat/miss assessments
2:33 PM - Australia
A glance through the latest expert views and predictions about commodities: gold; thermal coal; copper; aluminium/alumina; and iron ore
11:01 AM - Commodities
Amid burgeoning lithium prices Galaxy Resources has outlined a development plan for Sal de Vida that exceeds expectations on most metrics. What could possibly go wrong?
Apr 15 2021 - Australia
A strengthening lithium price has substantially improved the outlook for Orocobre as it expands its production profile over 2022
Apr 15 2021 - Australia
Growth is stellar for payments operator Zip Co, particularly in the US, but is it being primed for a fall?
Apr 14 2021 - Australia
A glance through the latest expert views and predictions about commodities: Lithium, oil, base metals, and gold
Apr 14 2021 - Commodities
PR NEWSWIRE
Agoda: Australians and New Zealanders look to Trans-Tasman travel bubble for public holiday travel adventures in 2021
6:32 PM - PR NewsWire
Australian property tech platform Archistar raises $6 million after record year of growth
1:27 PM - PR NewsWire
Crown Group’s Iwan Sunito Doubles Down on Urban Living
12:00 PM - PR NewsWire
Unios invests in supporting Australian trades and building projects
Apr 15 2021 - PR NewsWire
Openpay ranked number 318 fastest growing technology company in the Deloitte Technology Fast 500™ Asia Pacific 2020
Apr 15 2021 - PR NewsWire
hoopla digital Brings its Dynamic Digital Library Content to Australia, its First International Market Beyond North America
Apr 15 2021 - PR NewsWire
RUDI'S VIEWS
Rudi’s View: Inflation?
In this week's Weekly Insights: -Inflation?-A Golden 'Value' Opportunity-One Giant Data Leap Forward For FNArena-Research To Download Inflation? By Rudi…
Apr 15 2021
DAILY MARKET REPORTS
The Overnight Report: 34,000
The Dow has hit a new record and a new milestone as US economic data knock forecasts out of the park. Dow up 305. (Available for non-subscribers after 10am)
9:22 AM
Australian Broker Call *Extra* Edition – Apr 15, 2021
Extra Edition of the Broker Call Report
Apr 15 2021
The Overnight Report: Rotation Rotation
The Wall Street rotation trade flipped again last night on strong bank earnings, while the world of crypto made a big step forward. Dow up 53. (Available for non-subscribers after 10am)
Apr 15 2021
Australian Broker Call *Extra* Edition – Apr 14, 2021
Extra Edition of the Broker Call Report
Apr 14 2021
The Overnight Report: The Vaccine Conundrum
The J&J rollout is the US has been paused just as daily jabs hit a record, and meanwhile inflation fears ease. Dow down -68, Nasdaq up 1%. (Available for non-subscribers after 10am)
Apr 14 2021
WEEKLY REPORTS
Weekly Top Ten News Stories – 16 April 2021
Our top ten news stories from 08 April 2021 to 15 April 2021
12:13 PM
Who’s Top Of The Class In Listed Education?
The New Criterion’s Tim Boreham talks about some ASX-listed education providers acing it in the post-pandemic world.
11:39 AM
Next Week At A Glance – 19-23 Apr 2021
A brief look at important company events and economic data releases next week
10:29 AM
The Wrap: Telcos, Insurance, REITs, Wealth Platforms
Weekly Broker Wrap: Telcos upside; supermarkets margin gap; insurance catastrophe blowout; US tax, wealth platforms; BNPL; beef
10:00 AM
The Short Report – 15 Apr 2021
FNArena’s weekly update on short positions in the Australian share market
Apr 15 2021
Crafting Opportunities One Chug At A Time
The New Criterion’s Tim Boreham advises investors to look beyond mainstream beer and towards a craft beer market offering higher margins
Apr 13 2021
Uranium Week: Cameco Plans Mine Restart
As the uranium price rise of recent weeks takes a breather, Cameco plans to restart production at the Cigar Lake mine
Apr 13 2021
Australian Listed Real Estate Tables – 12-04-2021
FNArena provides a weekly update of Australian listed real estate trusts (REIT) and property developers, current pricing yield and valuation data
Apr 12 2021
Weekly Ratings, Targets, Forecast Changes – 09-04-21
Weekly update on stockbroker recommendation, target price, and earnings forecast changes
Apr 12 2021
THE MARKETS
-
Asia
16 April 2021 Updated : 20:12 AEDT
NZ50
9214.870
-42.310
-0.460%
Nikkei 225
29683.37
+40.68
0.14%
Hang Seng
28969.71
+176.57
0.61%
-
World
16 April 2021 Updated : 20:12 AEDT
CAD/USD
0.7999
0.00
-0.07%
EUR/JPY
130.36
+0.11
0.09%
EUR/USD
1.1979
+0.00
0.02%
GBP/USD
1.3780
0.00
-0.03%
USD/JPY
108.83
+0.07
0.07%
-
Aus Stocks
16 April 2021 Updated : 20:12 AEDT
BHP (UK)
2255.50
+14.00
0.62%
Rio (UK)
6068.35
+84.35
1.41%
BHP (US)
74.07
+1.36
1.87%
Rio (US)
83.78
+2.06
2.52%
ResMed (US)
204.20
-3.48
-1.68%
South32 (UK)
162.20
-2.40
-1.46%
James Hardie (US)
33.73
+1.18
3.63%
Telstra (US)
13.41
+0.09
0.68%
Janus Henderson (US)
33.29
+0.89
2.75%
Westpac (US)
19.71
+0.28
1.44%
Newcrest (CA)
26.70
+0.45
1.71%
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CALENDAR
Friday, 16 April 2021
NZ manufacturing PMI, Mar CH fixed asset investment, Mar CH GDP, Q1 CH industrial production, Mar CH retail sales, Mar EZ CPI, Mar US housing starts, Mar US UMich consumer sentiment, Apr (initial) AIA quarterly report AWC quarterly production report CCL ex-div 18c (100%) MIN quarterly production report Monday, 19 April 2021
ALL WEATHER STOCKS
Code Company Price COL COLES GROUP LIMITED 
$15.56
CSL CSL LIMITED 
$269.07
REA REA GROUP LIMITED
$159.11
RMD RESMED INC
$26.59
TNE TECHNOLOGYONE LIMITED
$9.62
WEEKLY PDF
Stories To Read From FNArena
WEEK 16
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FNARENA TALKS
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FNARENA WINDOWS
Window on EDUCATION & TUITION
Who’s Top Of The Class In Listed Education?
The New Criterion’s Tim Boreham talks about some ASX-listed education providers acing it in the post-pandemic world.
11:39 AM
Window on MINING
Material Matters: Gold, Thermal Coal & Alumina
A glance through the latest expert views and predictions about commodities: gold; thermal coal; copper; aluminium/alumina; and iron ore
11:01 AM
Window on NEW BATTERY ELEMENTS
Galaxy Resources Spices Up Sal De Vida
Amid burgeoning lithium prices Galaxy Resources has outlined a development plan for Sal de Vida that exceeds expectations on most metrics. What could possibly go wrong?
Apr 15 2021
SMSFUNDAMENTALS
SMSFundamentals: What’s The Minimum Required To Run Your SMSF?
SMSFundamentals is an ongoing feature series dedicated to providing SMSF trustees with valuable news, investment ideas and services, in line…
Nov 26 2020