FINANCIAL NEWS

Saracen Stock Price Overgilded?

Record gold production was a highlight for Saracen Mineral Holdings in the December quarter, although several brokers consider the stock overpriced.

1:39 PM


The Real Price Of LNG

Ahead of the Herd’s Rick Mills shares the experience of his native British Columbia in outlining the unspoken dangers of liquefied natural gas production.

12:41 PM


Sims Metal Immersed In Volatile Market

Market volatility and increased competitor activity have once again driven Sims Metal to downgrade expectations. Most brokers, while disappointed, still favour the longer-term outlook.

12:06 PM


S&P500: Consolidation Ahead

Michael Gable of Fairmont Equities suggests that having retraced 50% of its prior loss, the S&P500 should now enter a period of consolidation.

10:41 AM


Uranium Week: No Show

Uranium market participants were left frustrated last week when US government officials failed to provide a section 232 update.

10:00 AM


Citi rates BXB as Upgrade to Buy from Neutral

Citi observes the share price has been pressured in recent years by the decline in earnings for the CHEP Americas business. These headwinds are expected to fade in the second half and lead to double-digit earnings growth from FY20.

The broker upgrades to Buy from Neutral and lifts the target to $12.10 from $11.00. Citi now forecasts underlying margins to decline by -190 basis points for the CHEP Americas division in the first half, affected by cost inflation and the timing of costs recovery strategies.

Morgan Stanley rates MPL as Underweight

Morgan Stanley suspects a 2% cap on premium increases in 2020 and 2021 is a most likely outcome for private health insurers. Private health has emerged as a key policy debate in the upcoming federal election.

The broker suspects the industry will underperform again in 2019, despite multiples de-rating to substantially below historical averages.

Regulated profit pools make up around 90% of Medibank Private's earnings and, the broker notes, the ADF contract loss is a major blow to the company's ambitions to double non-insurance earnings.

Target is reduced to $2.15 from $2.30. Underweight rating maintained.  Industry view: In-Line.

Macquarie rates SAR as Outperform

The company produced 88,800 ounces of gold in the December quarter, beating Macquarie's estimates by 5%. Grades at Carosue Dam were a highlight.

The strong outcome has prompted the company to lift production guidance to 345-365,000 ounces, while exploration results to date have led to accelerated expenditure over the remainder of FY19.

Macquarie maintains an Outperform rating and raises the target to $3.30 from $3.20.

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ANALYSIS & DATA

MARKET CONSENSUS FORECAST

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

SGM | SIMS METAL MANAGEMENT LIMITED

Abbreviated format - see the full version here


LAST PRICE CHANGE +/- CHANGE % VOLUME

$9.20

22 Jan
2019

0.010

OPEN

$9.05

0.11%

HIGH

$9.24

2,151,680

LOW

$8.91

TARGET
$12.150 32.1% upside
Franking for last dividend paid out: 100%
MARKET CONSENSUS FORECAST
SGM: 1
Title FY17
Actual
FY18
Actual
FY19
Forecast
FY20
Forecast
EPS (cps) 103.0 108.2 81.4 89.2
DPS (cps) 40.0 53.0 41.1 45.5
EPS Growth N/A 5.0% - 24.8% 9.6%
DPS Growth 81.8% 32.5% - 22.4% 10.6%
PE Ratio N/A N/A 11.3 10.3
Dividend Yield N/A N/A 4.5% 4.9%
Div Pay Ratio(%) 38.8% 49.0% 50.5% 51.0%

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DAILY FINANCIAL NEWS

Saracen Stock Price Overgilded?

Record gold production was a highlight for Saracen Mineral Holdings in the December quarter, although several brokers consider the stock overpriced.

1:39 PM - Australia


Ahead of the Herd’s Rick Mills shares the experience of his native British Columbia in outlining the unspoken dangers of liquefied natural gas production.

12:41 PM - ESG Focus


Market volatility and increased competitor activity have once again driven Sims Metal to downgrade expectations. Most brokers, while disappointed, still favour the longer-term outlook.

12:06 PM - Australia


Michael Gable of Fairmont Equities suggests that having retraced 50% of its prior loss, the S&P500 should now enter a period of consolidation.

10:41 AM - Technicals


Broker views centre on how Rio Tinto will carve up the cash pie stemming from asset divestments, as revenue continues to benefit from strong commodity prices.

Jan 21 2019 - Australia


Gold has found a solid footing, as several features in the global environment combine, and this underpins a strong revenue outlook for gold stocks.

Jan 21 2019 - Australia


RUDI'S VIEWS

Rudi’s View: Join The CSL Challenge

It’s the beginning of a new calendar year and FNArena Editor Rudi Filapek-Vandyck throws his gauntlet into the public arena: who dares to take up the CSL Challenge?

Jan 14 2019

DAILY MARKET REPORTS

The Overnight Report: Having A Dream

With Wall Street closed for Martin Luther King Jr Day, Trump has offered concessions to the “dreamers” as a trade-off for his Wall. The Democrats are not expected to budge.

9:18 AM


Today’s Financial Calendar

Significant Scheduled Events For 22 January, 2019

8:15 AM


The Monday Report

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

Jan 21 2019


Today’s Financial Calendar

Significant Scheduled Events For 21 January, 2019

Jan 21 2019


Today’s Financial Calendar

Significant Scheduled Events For 18 January, 2019

Jan 18 2019


Today’s Financial Calendar

Significant Scheduled Events For 17 January, 2019

Jan 17 2019


Today’s Financial Calendar

Significant Scheduled Events For 16 January, 2019

Jan 16 2019


WEEKLY REPORTS

Uranium Week: No Show

Uranium market participants were left frustrated last week when US government officials failed to provide a section 232 update.

10:00 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.

Jan 21 2019

Weekly Ratings, Targets, Forecast Changes

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

Jan 21 2019


The Wrap: Building, Media, Consumers & EVs

Weekly Broker Wrap: Oz infrastructure; building materials; media; consumer; property; and electric vehicles.

Jan 18 2019

Weekly Top Ten News Stories

Our top ten news stories from 10 January 2019 to 17 January 2019

Jan 18 2019

Next Week At A Glance

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

Jan 18 2019


Share Buybacks – Who’s Doing It?

Weekly Update on ASX-listed companies buying in their own stock.

Jan 16 2019

Weekly Ratings, Targets, Forecast Changes

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

Jan 14 2019

Weekly Top Ten News Stories

Our top ten news stories from 13 December 2018 to 20 December 2018

Dec 21 2018


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THE MARKETS

    Click item/line to change chart

  • Australia

    22 January 2019   Updated : 14:12   AEDT

    SPI Overnight (Mar)

    5827.00

    0.00

    0.00%

    All Ordinaries

    5931.50

    -22.00

    -0.37%

    S&P ASX 200

    5864.90

    -25.50

    -0.43%

    S&P ASX 300

    5813.30

    -24.70

    -0.42%

    Consumer Discretionary

    2202.00

    +3.50

    0.16%

    Consumer Staples

    10691.30

    +21.70

    0.20%

    Energy

    10637.90

    -55.50

    -0.52%

    Financials

    5726.40

    -74.10

    -1.28%

    Health Care

    30437.00

    +135.60

    0.45%

    Industrials

    5860.40

    +9.20

    0.16%

    Info Technology

    1151.30

    +4.40

    0.38%

    Materials

    11573.20

    -76.10

    -0.65%

    Telecommunication

    1071.50

    +1.40

    0.13%

    Utilities

    7714.20

    +44.20

    0.58%

  • Asia

    22 January 2019   Updated : 14:12   AEDT

    NZ50

    9214.870

    -42.310

    -0.460%

    Nikkei 225

    20711.93

    -7.40

    -0.04%

    Hang Seng

    27067.81

    -128.73

    -0.47%

    Click item/line to change chart

  • Australasia

    22 January 2019   Updated : 14:12   AEDT

    AUD/USD

    0.7151

    0.00

    -0.11%

    AUD/NZD

    1.0624

    0.00

    -0.21%

    NZD/USD

    0.6731

    +0.00

    0.07%

    AUD/JPY

    78.41

    -0.07

    -0.08%

    SGD/AUD

    1.03

    +0.00

    0.14%

    AUD/EUR

    0.6291

    0.00

    -0.05%

    AUD/GBP

    0.5549

    0.00

    -0.43%

  • World

    22 January 2019   Updated : 14:12   AEDT

    CAD/USD

    0.7518

    0.00

    -0.19%

    EUR/JPY

    124.63

    -0.02

    -0.01%

    EUR/USD

    1.1368

    0.00

    -0.06%

    GBP/USD

    1.2888

    +0.00

    0.33%

    USD/JPY

    109.63

    +0.04

    0.04%

    Click item/line to change chart

  • World

    22 January 2019   Updated : 14:12   AEDT

    FTSE100

    6970.59

    +2.26

    0.03%

    DAX30

    11136.20

    -69.34

    -0.62%

    DJIA

    24706.35

    -

    -

    S&P500

    2670.71

    -

    -

    Nasdaq Comp

    7157.23

    -

    -

    S&P500 VIX

    17.80

    -

    -

    US 10-year yield

    2.784

    -

    -

    USD Index

    96.34

    0.00

    0.00%

  • Aus Stocks

    22 January 2019   Updated : 14:12   AEDT

    BHP (UK)

    1573.00

    0.00

    0.00%

    Rio (UK)

    3931.00

    +6.00

    0.15%

    BHP (US)

    48.04

    -

    -

    Rio (US)

    51.64

    -

    -

    ResMed (US)

    117.84

    -

    -

    South32 (UK)

    187.50

    -3.30

    -1.73%

    James Hardie (US)

    10.99

    -

    -

    Telstra (US)

    10.49

    -

    -

    Westpac (US)

    18.94

    -

    -

    Click item/line to change chart

  • Spot Metals & Minerals

    22 January 2019   Updated : 07:33   AEDT

    Gold (oz)

    1279.60

    -

    -

    Silver (oz)

    15.23

    -

    -

    Copper (lb)

    2.6938

    -

    -

    Aluminium (lb)

    0.8280

    -

    -

    Lead (lb)

    0.9026

    -

    -

    Nickel (lb)

    5.2987

    -

    -

    Zinc (lb)

    1.1658

    -

    -

    Copper (t)

    5939.00

    -

    -

    Aluminium (t)

    1825.00

    -

    -

    Lead (t)

    1990.00

    -

    -

    Nickel (t)

    11682.00

    -

    -

    Zinc (t)

    2570.00

    -

    -

    Uranium (lb) weekly

    28.85

    -

    -

  • Commodities Futures

    22 January 2019   Updated : 07:33   AEDT

    West Texas Crude (Feb)

    53.90

    -

    -

    Brent Crude (Mar)

    62.79

    -

    -

    Iron Ore (t) futures

    75.20

    -

    -

CALENDAR

Tuesday, 22 January 2019
NZ services PMI, Dec
EZ ZEW investor sentiment, Jan
UK unemployment, Nov
US existing home sales, Dec
BHP quarterly production report
LYC quarterly production report
MIR ex-div 13.5c (100%)
MLX EGM
OSH quarterly production report
PRU quarterly production report
Wednesday, 23 January 2019
NZ CPI, Q4
JP BoJ policy meeting

ALL WEATHER STOCKS

Code Company Price
AMC AMCOR LIMITED

$13.48

ARB ARB CORPORATION LIMITED

$16.16

CSL CSL LIMITED

$196.12

REA REA GROUP LIMITED

$76.80

RMD RESMED INC

$16.50

WEEKLY PDF

Stories To Read From FNArena


WEEK 3

WEEK 50

WEEK 49

WEEK 48

WEEK 47

FNARENA TALKS

FNARENA WINDOWS

Window on GOLD & SILVER

Saracen Stock Price Overgilded?

Record gold production was a highlight for Saracen Mineral Holdings in the December quarter, although several brokers consider the stock overpriced.

1:39 PM


Window on NATGAS

The Real Price Of LNG

Ahead of the Herd’s Rick Mills shares the experience of his native British Columbia in outlining the unspoken dangers of liquefied natural gas production.

12:41 PM


Window on STEEL & SCRAP

Sims Metal Immersed In Volatile Market

Market volatility and increased competitor activity have once again driven Sims Metal to downgrade expectations. Most brokers, while disappointed, still favour the longer-term outlook.

12:06 PM


SMSFUNDAMENTALS

SMSFundamentals: Is Your Super Adequate?

Research from Roy Morgan shows Australians’ level of super contribution is dropping, leading to a risk of insufficient retirement funding.

Nov 21 2018


FEATURE STORIES

Australian Banks: Uncertain Times

Bank earnings results met expectations but broker views vary on just how bad things can get from here, with house prices falling and the Royal Commission report still due.

Dec 19 2018