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.
12:33 PM
Share Buybacks – Who’s Doing It?
Weekly Update on ASX-listed companies buying in their own stock.
10:42 AM
Material Matters: Iron Ore, Nickel & Copper
A glance through the latest expert views and predictions about commodities. Iron ore; nickel; copper; and mining services.
10:11 AM
The Overnight Report: Oil Tanks
The breach of US$60/bbl for WTI has sparked a -7% plunge in oil prices. Dow down -100.
9:08 AM
Macquarie rates NVT as Neutral
Management has updated on the medium-term growth outlook. With earnings re-based, the company appears confident an inflection point has been reached. Macquarie considers the new targets lofty, implying operating earnings of $165m in FY20, forecast to increase to around $200m in FY21 and over $250m by FY23.
The company has reiterated the FY19 outlook and remains comfortable with consensus expectations. Macquarie maintains a Neutral rating and $5.50 target.
UBS rates NWS as Neutral
First quarter results were better-than-expected, with each segment in line or ahead of UBS estimates. The broker upgrades forecasts for FY19 operating earnings by 5.2% and FY20 by 1.6%. The broker still envisages value in the 'stub', ex REA Group ((REA)) and Foxtel.
UBS continues to expect lower costs for Foxtel from FY20 as key sporting rights are locked in and there is potential upside from savings stemming from the Fox Sports/Foxtel merger.
UBS maintains a Neutral rating and raises the target to $20.50 from $20.10.
Deutsche Bank rates TWE as Hold
Wine export data for October indicates that volume and value of Australian wine exports to China continue to decline, although the rate has moderated.
The data implies average price per case growth of 17.2%, with a considerable turnaround in volumes of wine in the $8-12/case price point. Notably, Deutsche Bank points out, wine over $12 per litre is still declining sharply.
The broker is pleased exports to the Americas have return to growth on both volume and value basis.
Hold rating and $18 target maintained.
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ANALYSIS & DATA
MARKET CONSENSUS FORECAST
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IPL | INCITEC PIVOT LIMITED
Abbreviated format - see the full version here
| LAST PRICE | CHANGE +/- | CHANGE % | VOLUME |
|---|---|---|---|
|
$4.06 14 Nov |
OPEN $4.07 |
HIGH $4.08 |
1,580,713 LOW $4.02 |
0.050| TARGET | |||
| $4.251 4.7% upside | |||
| Franking for last dividend paid out: 20% |
| Title | FY17 Actual |
FY18 Actual |
FY19 Forecast |
FY20 Forecast |
|---|---|---|---|---|
| EPS (cps) | 18.9 | 12.5 | 26.2 | 26.1 |
| DPS (cps) | 9.4 | 10.7 | 13.7 | 13.5 |
| EPS Growth | 100.0% | - 33.9% | 100.0% | - 0.1% |
| DPS Growth | 8.0% | 13.8% | 27.9% | - 1.3% |
| PE Ratio | N/A | N/A | 15.5 | 15.5 |
| Dividend Yield | N/A | N/A | 3.4% | 3.3% |
| Div Pay Ratio(%) | 49.7% | 85.6% | 52.3% | 51.7% |
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.
12:33 PM - Australia
A glance through the latest expert views and predictions about commodities. Iron ore; nickel; copper; and mining services.
10:11 AM - Commodities
The market has slapped Lend Lease down, after a significant write-down for its engineering division, and confidence is expected to take a long time returning.
Nov 13 2018 - Australia
An impressive update from child care centre operator Think Education has brokers lining up their Buy ratings after a tough year for the industry.
Nov 13 2018 - Small Caps
Michael Gable of Fairmont Equities suggests any further dips for Macquarie Group will present ahead of a resumption of the uptrend.
Nov 13 2018 - Technicals
Global Equities Outlook For 2019
Jacob Mitchell of Antipodes Partners looks ahead to 2019 in the context of tariffs and the risk of the Fed getting it wrong.
Nov 13 2018 - International
RUDI'S VIEWS
When Uncertainty Is The Only Certainty
In this week's Weekly Insights: -When Uncertainty Is The Only Certainty -Rudi On Tour When Uncertainty Is The Only Certainty…
Nov 08 2018
DAILY MARKET REPORTS
The Overnight Report: Oil Tanks
The breach of US$60/bbl for WTI has sparked a -7% plunge in oil prices. Dow down -100.
9:08 AM
The Overnight Report: Down Again
Apple, Goldman Sachs, China, UK, Italy, oil, the dollar…all conspired last night to emphatically reverse the rebound on Wall Street. Dow down -602.
Nov 13 2018
The Monday Report
Wrap of events affecting the market on Friday night and the weekend and a preview of the week ahead.
Nov 12 2018
The Overnight Report: Too Much Oil
Wall Street took an unsurprising breather last night but attention is increasingly focused on the oil price, now in a ‘technical’ bear market. Dow up 10.
Nov 09 2018
WEEKLY REPORTS
Share Buybacks – Who’s Doing It?
Weekly Update on ASX-listed companies buying in their own stock.
10:42 AM
Uranium Week: The Chase Is On
As interest from financial investors and ongoing producer purchases continue to push up the uranium spot price, utilities are now in a hurry to top up supplies before year end.
Nov 13 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 12 2018
Weekly Ratings, Targets, Forecast Changes
Weekly update on stockbroker recommendation, target price, and earnings forecast changes.
Nov 12 2018
Weekly Top Ten News Stories
Our top ten news stories from 01 November 2018 to 08 November 2018
Nov 09 2018
Next Week At A Glance
A brief look at important company events and economic data releases next week.
Nov 09 2018
The Wrap: Health, Housing, Auto And PRRT
Weekly Broker Wrap: health insurers; housing; automotive dealers; airlines; PRRT; Security Matters; and Netwealth.
Nov 09 2018
The Short Report
FNArena’s weekly update on short positions in the Australian share market.
Nov 08 2018
Australian Corporate Bond Price Tables
FNArena provides a weekly update of Australian listed corporate bond issues, current pricing and yield data.
Nov 08 2018
THE MARKETS
-
Asia
14 November 2018 Updated : 12:12 AEDT
NZ50
9214.870
-42.310
-0.460%
Nikkei 225
21858.99
+48.47
0.22%
Hang Seng
25792.87
+159.69
0.62%
-
World
14 November 2018 Updated : 12:12 AEDT
CAD/USD
0.7559
+0.00
0.07%
EUR/JPY
128.81
+0.63
0.50%
EUR/USD
1.1305
+0.01
0.64%
GBP/USD
1.3004
+0.01
0.81%
USD/JPY
113.95
-0.15
-0.13%
-
Aus Stocks
14 November 2018 Updated : 12:12 AEDT
BHP (UK)
1582.40
-18.80
-1.17%
Rio (UK)
3846.00
-39.00
-1.00%
BHP (US)
46.69
-0.46
-0.98%
Rio (US)
50.18
-0.05
-0.10%
ResMed (US)
101.70
-2.04
-1.97%
South32 (UK)
189.50
-5.20
-2.67%
James Hardie (US)
11.53
-0.28
-2.37%
Telstra (US)
10.95
-
-
Westpac (US)
18.90
-0.06
-0.32%
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CALENDAR
Wednesday, 14 November 2018
AU wage price index, Q3 AU Westpac consumer confidence, Nov JP GDP, Q3 JP industrial production, Oct CH fixed asset investment, SOct CH industrial production, Oct CH retail sales, Oct EZ GDP, Q3 (revision) EZ industrial production, Oct UK CPI, Oct US CPI, Oct AOG AGM AST earnings result ALL WEATHER STOCKS
Code Company Price AMC AMCOR LIMITED 
$13.55
ARB ARB CORPORATION LIMITED 
$17.01
CSL CSL LIMITED
$186.82
REA REA GROUP LIMITED
$76.25
RMD RESMED INC
$14.15
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FNARENA TALKS
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FNARENA WINDOWS
Window on MINING
Material Matters: Iron Ore, Nickel & Copper
A glance through the latest expert views and predictions about commodities. Iron ore; nickel; copper; and mining services.
10:11 AM
Window on INFRA & PROPERTY DEVELOPERS
Recovery Now Distant For Lend Lease
The market has slapped Lend Lease down, after a significant write-down for its engineering division, and confidence is expected to take a long time returning.
Nov 13 2018
Window on CHILDCARE
Think Upside
An impressive update from child care centre operator Think Education has brokers lining up their Buy ratings after a tough year for the industry.
Nov 13 2018
SMSFUNDAMENTALS
SMSFundamentals: ETFs Reach A Milestone
As of last month, the Australian ETF market is now bigger than the 80-year old listed investment company market.
Oct 19 2018