FINANCIAL NEWS
Treasure Chest: Upside On Offer For AFG
FNArena’s Treasure Chest reports on money making ideas from stockbrokers and other experts. Australian Finance Group is holding plenty of cash, which if used to acquire greater distribution could result in substantial share price upside, Morgans believes
12:17 PM
New Hope’s Cash Bank Spurs Speculation
What will New Hope Corp do with the cash that is flowing from surging thermal coal prices?
12:07 PM
Car Parks: The New Frontier
With commuters likely to continue to shy away from public transport even after lockdowns end, The New Criterion’s Tim Boreham highlights listed opportunities in the car park space.
11:00 AM
Australian Broker Call *Extra* Edition – Sep 22, 2021
Extra Edition of the Broker Call Report
10:33 AM
ESG Focus: Linked Finance The Next Big Thing – Part 5
The migration of big transitioners from use-of-proceeds and vanilla debt markets to SLBs is to begin in earnest so we check out transition SLBs along with the brown taxonomy, which deals with the tricky bond-principle demand of “do no harm”
10:00 AM
UBS rates AST as Neutral
UBS anticipates a very high bar for FIRB approval of the non-binding indicative cash offer of $2.50 (pre-interim div) for AusNet Services from Brookfield Asset Management.
Should the offer and the current takeover proposal for Spark Infrastructure Group ((SKI)) be approved, 100% of Victoria’s electricity distribution and transmission infrastructure would be foreign owned. The Neutral rating and $1.80 target price are unchanged.
Morgans rates NHC as Add
Stronger-than-expected thermal coal pricing drives upgrades to Morgans FY22-23 earnings (EBITDA) forecasts, after New Hope Corp reported FY21 results. Operating cashflow was a miss as abnormals linked to Acland’s ramp-down were underestimated.
Assuming no M&A or major investment in the near-term, the broker sees upside for both capital and shareholder returns. The target price rises to $2.61 from $2.08 and the Add rating is maintained.
Credit Suisse rates PMV as Neutral
Credit Suisse assesses the second half is likely to have been strong although the continuation of the restrictions across parts of NSW and Victoria present some downside risk to guidance provided in June. The broker uses FY23 to reflect more normal earnings estimates.
The broker suspects spring inventory is likely to provide the greater risk for retailers as some apparel stores will effectively miss an entire season of in-store trading. Neutral maintained. Target is reduced to $26.28 from $26.70.
Click here to see full report 
ANALYSIS & DATA
FNARENA'S MARKET CONSENSUS FORECASTS
To display the stock analysis for a company please enter the company code:
SIG | SIGMA HEALTHCARE LIMITED
Abbreviated format - see the full version here
| LAST PRICE | CHANGE +/- | CHANGE % | VOLUME |
|---|---|---|---|
|
$0.61 22 Sep |
0.000 OPEN $0.60 |
0.000 HIGH $0.61 |
1,134,093 LOW $0.59 |
| TARGET | |||
| $0.650 6.6% upside | |||
| Franking for last dividend paid out: 100% |
| Title | FY20 Actual |
FY21 Actual |
FY22 Forecast |
FY23 Forecast |
|---|---|---|---|---|
| EPS (cps) | - 1.3 | 6.1 | 3.4 | 3.9 |
| DPS (cps) | 1.0 | 1.0 | 2.5 | 2.9 |
| EPS Growth | N/A | N/A | - 44.4% | 17.1% |
| DPS Growth | - 71.4% | 0.0% | 100.0% | 13.6% |
| PE Ratio | N/A | N/A | 18.1 | 15.5 |
| Dividend Yield | N/A | N/A | 4.1% | 4.7% |
| Div Pay Ratio(%) | N/A | 16.5% | 75.1% | 72.9% |
DAILY FINANCIAL NEWS
Treasure Chest: Upside On Offer For AFG
FNArena’s Treasure Chest reports on money making ideas from stockbrokers and other experts. Australian Finance Group is holding plenty of cash, which if used to acquire greater distribution could result in substantial share price upside, Morgans believes
12:17 PM - Treasure Chest
What will New Hope Corp do with the cash that is flowing from surging thermal coal prices?
12:07 PM - Australia
The migration of big transitioners from use-of-proceeds and vanilla debt markets to SLBs is to begin in earnest so we check out transition SLBs along with the brown taxonomy, which deals with the tricky bond-principle demand of “do no harm”
10:00 AM - ESG Focus
A glance through the latest expert views and predictions about commodities: aluminium; base metal miners; large cap miners; and energy stocks
Sep 21 2021 - Commodities
More detail is being gleaned about the Bauna field where Karoon Energy appears set to become a scale oil producer with growth potential
Sep 21 2021 - Small Caps
Michael Gable of Fairmont Equities notes that while every round hundred level for the ASX200 offers support, as to which one will be the bottom is as yet unclear
Sep 21 2021 - Technicals
PR NEWSWIRE
Blis appoints new Managing Director, continues hiring spree in Asia-Pacific
10:00 AM - PR NewsWire
Fisher Investments Now Helping More than 100,000 Clients Globally
9:54 AM - PR NewsWire
Financial Service Companies Partnering with FSI-centric Cybersecurity Experts Better Positioned to Achieve Compliance
8:42 AM - PR NewsWire
Comms Group partners with Vodafone Fiji for Global Microsoft Teams Solution
Sep 21 2021 - PR NewsWire
Organic Expo Dubai announces expert committee to steer the Middle Eastern organic sector
Sep 21 2021 - PR NewsWire
SSAB Helps Australian Businesses Achieve Sustainability Goals with World’s First Fossil-Free
Sep 21 2021 - PR NewsWire
RUDI'S VIEWS
Rudi’s View: Appreciating The Mighty All-Weathers
In this week's Weekly Insights: -Appreciating The Mighty All-Weathers-Conviction Calls-Research To Download-FNArena Talks Appreciating The Mighty All-Weathers By Rudi Filapek-Vandyck,…
Sep 16 2021
DAILY MARKET REPORTS
Australian Broker Call *Extra* Edition – Sep 22, 2021
Extra Edition of the Broker Call Report
10:33 AM
The Overnight Report: Awaiting The Fed
After bouncing substantially from its intraday low late in Monday’s session, last night Wall Street closed flat ahead of tonight’s critical Fed statement. Dow down -40. (Available for non-subscribers after 10am)
8:58 AM
The Overnight Report: China Syndrome
Markets have tumbled across the globe on the feared economic ripple effect of the collapse of China’s Evergrande. Dow down -614. (Available for non-subscribers after 10am)
Sep 21 2021
Today’s Financial Calendar – 21-09-2021
Significant Scheduled Events For 21 September, 2021
Sep 21 2021
The Monday Report – 20 September 2021
Wrap of events affecting the market on Friday night and the weekend and a preview of the week ahead
Sep 20 2021
Today’s Financial Calendar – 20-09-2021
Significant Scheduled Events For 20 September, 2021
Sep 20 2021
WEEKLY REPORTS
Car Parks: The New Frontier
With commuters likely to continue to shy away from public transport even after lockdowns end, The New Criterion’s Tim Boreham highlights listed opportunities in the car park space.
11:00 AM
Uranium Week: Prices Hit Nine Year High
As the weekly spot price hits a nine year high, industry consultant TradeTech expects further upward price pressure
Sep 21 2021
Weekly Ratings, Targets, Forecast Changes – 17-09-21
Weekly update on stockbroker recommendation, target price, and earnings forecast changes
Sep 20 2021
The Wrap: Global Rebound, Oz Telcos, Oz Property, Energy M&A
Weekly Broker Wrap: Patchy global recovery ahead, telcos tipped for special dividends, REIT upside realigns with fundamentals, Woodside to emerge as favoured MergeCo
Sep 17 2021
Weekly Top Ten News Stories – 17 September 2021
Our top ten news stories from 09 September 2021 to 16 September 2021
Sep 17 2021
Next Week At A Glance – 20-24 Sep 2021
A brief look at important company events and economic data releases next week
Sep 17 2021
The Short Report – 16 Sep 2021
FNArena’s weekly update on short positions in the Australian share market
Sep 16 2021
The Danger Of Treating The Tech Sector As One Lump
The New Criterion’s Tim Boreham shares David Dicker’s views on WAAAX stock valuations and his approach to his Dicker Data business
Sep 15 2021
THE MARKETS
-
Asia
22 September 2021 Updated : 15:42 AEDT
NZ50
9214.870
-42.310
-0.460%
Nikkei 225
29735.60
-104.11
-0.35%
Hang Seng
24221.54
+122.40
0.51%
-
World
22 September 2021 Updated : 15:42 AEDT
CAD/USD
0.7818
0.00
-0.26%
EUR/JPY
128.40
-0.19
-0.14%
EUR/USD
1.1724
0.00
-0.11%
GBP/USD
1.3657
0.00
-0.26%
USD/JPY
109.52
-0.04
-0.03%
-
Aus Stocks
22 September 2021 Updated : 15:42 AEDT
BHP (UK)
1851.80
+8.00
0.43%
Rio (UK)
4805.00
+91.00
1.93%
BHP (US)
54.54
+0.50
0.93%
Rio (US)
65.37
-0.70
-1.06%
ResMed (US)
288.23
+4.00
1.41%
South32 (UK)
174.80
+2.60
1.51%
James Hardie (US)
38.50
+0.55
1.45%
Telstra (US)
14.32
+0.31
2.21%
Janus Henderson (US)
40.76
+0.08
0.20%
Westpac (US)
18.31
+0.22
1.22%
Newcrest (CA)
21.91
0.00
0.00%
Click item/line to change chart
Click item/line to change chart
CALENDAR
Wednesday, 22 September 2021
JP BoJ policy meeting US existing home sales, Aug US Fed policy meeting ABC ex-div 5.5c (100%) AGL AGM Thursday, 23 September 2021
JP markets closed UK BoE policy meeting XX global flash PMIs, Sep APE ex-div 28.4c (100%) BKW earnings result CAJ ex-div 0.5c (100%) COH ex-div 140c (0%) ALL WEATHER STOCKS
Code Company Price COL COLES GROUP LIMITED 
$17.04
CSL CSL LIMITED 
$312.19
REA REA GROUP LIMITED
$165.23
RMD RESMED INC
$39.72
TNE TECHNOLOGY ONE LIMITED
$11.61
WEEKLY PDF
Stories To Read From FNArena
WEEK 38
WEEK 37
WEEK 36
WEEK 35
WEEK 34
FNARENA TALKS
Reinventing Income In Australian Shares
Mar 31 2021
Investing in 2021: World Upside Down
Mar 18 2021
-
Click item/line to change chart
-
Click item/line to change chart
FNARENA WINDOWS
Window on BANKS
Treasure Chest: Upside On Offer For AFG
FNArena’s Treasure Chest reports on money making ideas from stockbrokers and other experts. Australian Finance Group is holding plenty of cash, which if used to acquire greater distribution could result in substantial share price upside, Morgans believes
12:17 PM
Window on COAL
New Hope’s Cash Bank Spurs Speculation
What will New Hope Corp do with the cash that is flowing from surging thermal coal prices?
12:07 PM
Window on AUTOMOBILES & COMPONENTS
Car Parks: The New Frontier
With commuters likely to continue to shy away from public transport even after lockdowns end, The New Criterion’s Tim Boreham highlights listed opportunities in the car park space.
11:00 AM
SMSFUNDAMENTALS
SMSFundamentals: Are Traditional Retiree Income Strategies Flawed?
Martin Currie Australia argues that a focus on equity-based investment solutions that solve a client’s income needs is more important than ever in a post covid world
Jul 20 2021