FINANCIAL NEWS
Galaxy Depends Heavily On Mt Cattlin Upgrade
Costs were higher than forecast for lithium miner Galaxy Resources in the March quarter and brokers await process enhancements, expected to improve the production profile going forward.
Apr 24 2018
You Need To Think Globally
Peter Switzer of the Switzer Super Report makes the case for Australian investors to consider investment in offshore equities.
Apr 24 2018
Uranium Week: Nationalise Nuclear Power?
As more US nuclear power plants warn of closure in the face of cheap gas-fired power, might the government need to nationalise the industry in the name of energy security?
Apr 24 2018
Material Matters: Nickel, Alumina & Lithium
A glance through the latest expert views and predictions about commodities. Nickel; alumina; thermal coal; iron ore; lithium; and Kirkland Lake.
Apr 24 2018
Morgans rates ADH as Hold
The second half trading update showed an acceleration in sales, with like-for-like growth of 18% in the year-to-date. Guidance has been upgraded to $44-46.5m in EBIT for FY18, which Morgans notes is the third upgrade this year.
The broker is mindful the company is close to cycling a very strong comparable in FY19, amid a potential overhang from the Catalyst stake. Hold rating maintained. Target is raised to $2.30 from $2.28.
Citi rates CYB as Upgrade to Neutral from Sell
Following a noticeable weakening in the share price, down -13% year-to-date, Citi analysts believe risk is now more evenly balanced, hence why they have upgraded their view to Neutral from Sell.
Citi retains a close watch on the outlook for Net Interest Margin (NIM), expecting downward pressure, but also suggests cost savings might provide compensation. There's ongoing potential for capital return, on Citi's projections.Target price lifts to GBP3.
Macquarie rates MYR as Neutral
Macquarie is pleased a new CEO has been appointed reasonably quickly, minimising the potential for leadership disruption. Yet the broker suggests financial capacity limits the investment and turnaround possibilities.
John King, previously CEO of House of Fraser, has been appointed CEO and managing director. Date of commencement is yet to be confirmed. Neutral rating and $0.50 target maintained.
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ANALYSIS & DATA
MARKET CONSENSUS FORECAST
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GXY | GALAXY RESOURCES LIMITED
Abbreviated format - see the full version here
| LAST PRICE | CHANGE +/- | CHANGE % | VOLUME |
|---|---|---|---|
|
$2.87 24 Apr |
OPEN $2.90 |
HIGH $2.92 |
2,466,869 LOW $2.82 |
-0.070| TARGET | |||
| $3.520 22.6% upside |
| Title | FY16 Actual |
FY17 Actual |
FY18 Forecast |
FY19 Forecast |
|---|---|---|---|---|
| EPS (cps) | 8.3 | 0.0 | 15.9 | 15.7 |
| DPS (cps) | 0.0 | 0.0 | 0.0 | 0.0 |
| EPS Growth | N/A | - 99.5% | 100.0% | - 1.0% |
| DPS Growth | N/A | N/A | N/A | N/A |
| PE Ratio | N/A | N/A | 18.1 | 18.2 |
| Dividend Yield | N/A | N/A | 0.0% | 0.0% |
| Div Pay Ratio(%) | 0.0% | 0.0% | 0.0% | 0.0% |
DAILY FINANCIAL NEWS
Galaxy Depends Heavily On Mt Cattlin Upgrade
Costs were higher than forecast for lithium miner Galaxy Resources in the March quarter and brokers await process enhancements, expected to improve the production profile going forward.
Apr 24 2018 - Australia
You Need To Think Globally
Peter Switzer of the Switzer Super Report makes the case for Australian investors to consider investment in offshore equities.
Apr 24 2018 - FYI
Michael Gable of Fairmont Equities
Apr 24 2018 - Technicals
A glance through the latest expert views and predictions about commodities. Nickel; alumina; thermal coal; iron ore; lithium; and Kirkland Lake.
Apr 24 2018 - Commodities
FNArena’s Treasure Chest reports on money making ideas from stockbrokers and other experts. Macmahon Holdings has narrowed mine contracting to Australia and Indonesia and Moelis initiates coverage of the stock.
Apr 23 2018 - Treasure Chest
Link Administration has made a surprise equity raising and brokers suspect a small acquisition may be in the offing.
Apr 23 2018 - Australia
RUDI'S VIEWS
Rudi’s View: IPH, G8 Education, And NextDC
In this week's Weekly Insights (this is Part Two): –Investing In Oil Price Momentum, And Other Twists -Conviction Calls -G8…
Apr 19 2018
DAILY MARKET REPORTS
The Overnight Report: Earnings vs Yield
The US ten-year yield threatened to breach 3% last night, undermining strength in earnings results.
Apr 24 2018
The Monday Report
Wrap of events affecting the market on Friday night and the weekend and a preview of the week ahead.
Apr 23 2018
The Overnight Report: Rates On The Rise
The Fed’s tone may have become more hawkish but surging commodity prices are now feeding into US inflation expectations. Dow down -83.
Apr 20 2018
The Overnight Report: Commodity Prices Surge
US sanctions continued to reverberate through metals markets last night, although a 7% gain for nickel may be a case of misunderstanding. Dow down -38.
Apr 19 2018
WEEKLY REPORTS
Uranium Week: Nationalise Nuclear Power?
As more US nuclear power plants warn of closure in the face of cheap gas-fired power, might the government need to nationalise the industry in the name of energy security?
10:20 AM
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 23 2018
Weekly Ratings, Targets, Forecast Changes
Weekly update on stockbroker recommendation, target price, and earnings forecast changes.
Apr 23 2018
Weekly Top Ten News Stories
Our top ten news stories from 12 April 2018 to 19 April 2018
Apr 20 2018
Next Week At A Glance
A brief look at important company events and economic data releases next week.
Apr 20 2018
The Wrap: TV Sport, Advice, AMP & Reece
Weekly Broker Wrap: TV sport; hospitals; super advice; AMP; and Reece.
Apr 20 2018
The Short Report
FNArena’s weekly update on short positions in the Australian share market.
Apr 19 2018
Australian Corporate Bond Price Tables
FNArena provides a weekly update of Australian listed corporate bond issues, current pricing and yield data.
Apr 19 2018
Share Buybacks – Who’s Doing It?
Weekly Update on ASX-listed companies buying in their own stock.
Apr 18 2018
THE MARKETS
-
Asia
24 April 2018 Updated : 20:12 AEDT
NZ50
8288.640
-14.980
-0.180%
Nikkei 225
22278.12
+190.08
0.86%
Hang Seng
30636.24
+381.84
1.26%
-
World
24 April 2018 Updated : 20:12 AEDT
CAD/USD
0.7790
-0.00
-0.35%
EUR/JPY
132.89
+0.49
0.37%
EUR/USD
1.2215
-0.00
-0.15%
GBP/USD
1.3956
-0.00
-0.06%
USD/JPY
108.79
+0.55
0.51%
-
Aus Stocks
24 April 2018 Updated : 20:12 AEDT
BHP (UK)
1556.80
+20.20
1.31%
Rio (UK)
3967.00
+18.50
0.47%
BHP (US)
47.25
-0.45
-0.94%
Rio (US)
55.52
-1.08
-1.91%
ResMed (US)
97.94
-0.86
-0.87%
South32 (UK)
197.80
-4.20
-2.08%
James Hardie (US)
18.18
-0.10
-0.55%
Telstra (US)
11.73
-0.04
-0.34%
Westpac (US)
21.99
+0.06
0.27%
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CALENDAR
Wednesday, 25 April 2018
NZ markets closed AU markets closed Thursday, 26 April 2018
EZ ECB policy meeting US durable goods orders, Mar US trade balance, Mar BOQ ex-div 38c BXB quarterly report GOZ quarterly report GPT quarterly report NCM quarterly production report OGC quarterly production report SXY quarterly production report ALL WEATHER STOCKS
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$14.01
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$20.12
CSL CSL LIMITED
$161.75
REA REA GROUP LIMITED
$79.43
RMD RESMED INC 
$12.80
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FNARENA TALKS
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FNARENA WINDOWS
Window on NEW BATTERY ELEMENTS
Galaxy Depends Heavily On Mt Cattlin Upgrade
Costs were higher than forecast for lithium miner Galaxy Resources in the March quarter and brokers await process enhancements, expected to improve the production profile going forward.
Apr 24 2018
Window on URANIUM
Uranium Week: Nationalise Nuclear Power?
As more US nuclear power plants warn of closure in the face of cheap gas-fired power, might the government need to nationalise the industry in the name of energy security?
Apr 24 2018
SMSFUNDAMENTALS
SMSFundamentals: ETF Investment Enters The Mainstream
A recent survey suggests investment in Australian exchange traded funds continues to grow a-pace and a wider range of investors is now turning to ETF investment.
Mar 22 2018