FINANCIAL NEWS
Uranium Sector Won’t Catch A Break
Ahead of the Herd’s Rick Mills argues why there is little hope for the uranium price, and why thorium remains a far more palatable alternative.
10:58 AM
E-commerce Makes Goodman Group Attractive
Goodman Group represents an attractive opportunity, Shaw and Partners believes, for those looking for a stock that continues to benefit from the growing e-commerce sector.
10:29 AM
Weekly Ratings, Targets, Forecast Changes – 20-09-19
Weekly update on stockbroker recommendation, target price, and earnings forecast changes.
10:00 AM
The Monday Report – 23 September 2019
Wrap of events affecting the market on Friday night and the weekend and a preview of the week ahead.
9:08 AM
Citi rates APT as Initiation of coverage with Neutral
Citi has initiated coverage of Afterpay Touch with a Neutral rating and $33.70 price target. The analysts hold the view the market might be underestimating the growth levers embedded inside this business model.
Despite the above, the analysts retain a more cautious view as regulatory risks remain. Equally important, near term the company cannot escape further cost investment required to support growth plus competition is increasing.
Morgan Stanley rates IFL as Equal-weight
Morgan Stanley notes, on October 17, both IOOF and ANZ Bank ((ANZ)) have the right to walk away from the sale of ANZ's wealth P&I business if conditions precedent are not met.
Given the uncertainty surrounding the transaction, if the pair walk away from a deal it will likely mean downgrades to earnings estimates for IOOF. The broker assumes the original deal is not completed and includes a $450m buyback in base case estimates.
Equal-weight rating maintained. Target is $4.95. Industry view: In Line.
Credit Suisse rates PMV as Outperform
Profit improved in FY19 on minimal incremental investment, Credit Suisse observes. Invested capital was flat and earnings (EBIT) increased 11%.
The broker believes debates on the company's UK exposure are becoming peripheral to the overall investment case. The business appears to have been able to mitigate market weakness through rental reductions.
Domestically, apparel brands improved their market positions. Outperform rating maintained. Target is raised to $20.56 from $19.58.
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ANALYSIS & DATA
MARKET CONSENSUS FORECAST
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PMV | PREMIER INVESTMENTS LIMITED
Abbreviated format - see the full version here
| LAST PRICE | CHANGE +/- | CHANGE % | VOLUME |
|---|---|---|---|
|
$19.19 23 Sep |
OPEN $18.86 |
HIGH $19.39 |
234,513 LOW $18.57 |
1.070| TARGET | |||
| $19.232 0.2% upside | |||
| Franking for last dividend paid out: 100% |
| Title | FY18 Actual |
FY19 Actual |
FY20 Forecast |
FY21 Forecast |
|---|---|---|---|---|
| EPS (cps) | 53.0 | 67.5 | 91.7 | 103.3 |
| DPS (cps) | 62.0 | 70.0 | 75.9 | 62.9 |
| EPS Growth | - 20.7% | 27.4% | 35.9% | 12.6% |
| DPS Growth | 17.0% | 12.9% | 8.4% | - 17.1% |
| PE Ratio | N/A | N/A | 20.9 | 18.6 |
| Dividend Yield | N/A | N/A | 4.0% | 3.3% |
| Div Pay Ratio(%) | 117.0% | 103.7% | 82.7% | 60.8% |
DAILY FINANCIAL NEWS
Uranium Sector Won’t Catch A Break
Ahead of the Herd’s Rick Mills argues why there is little hope for the uranium price, and why thorium remains a far more palatable alternative.
10:58 AM - Commodities
Goodman Group represents an attractive opportunity, Shaw and Partners believes, for those looking for a stock that continues to benefit from the growing e-commerce sector.
10:29 AM - Australia
A glance through the latest expert views and predictions about commodities. China infrastructure; iron ore miners; Indian industry; coking coal; oil; and rutile.
Sep 20 2019 - Commodities
The Chartist reports CSL appears to be setting up for another push higher so it’s one to watch.
Sep 19 2019 - Technicals
FNArena’s Treasure Chest reports on money making ideas from stockbrokers and other experts. Several brokers suggest National Australia Bank’s new CEO may be arriving at just the right time to steer improvements in the retail and business bank.
Sep 19 2019 - Treasure Chest
RESEARCH: Abundant Produce, The Seeds Of Greatness
Pitt Street Research sees plenty of potential ahead for science-based neutraceutical products producer Abundant Produce.
Sep 19 2019 - FYI
RUDI'S VIEWS
Rudi’s View: Dividend Cuts, They Are Coming
A closer examination of analysts’ forecasts post the disappointing August reporting season in Australia suggests dividend cuts are on the increase, with plenty more to come.
Sep 20 2019
DAILY MARKET REPORTS
The Monday Report – 23 September 2019
Wrap of events affecting the market on Friday night and the weekend and a preview of the week ahead.
9:08 AM
The Overnight Report: Trading Places
With the Fed decision now out of the way, Wall Street attention turns back to trade, and the meetings that have now recommenced. Dow down -52.
Sep 20 2019
Today’s Financial Calendar – 20-09-2019
Significant Scheduled Events For 20 September, 2019
Sep 20 2019
The Overnight Report: Day By Day
The Fed is not on a pre-set course, but it’s ready to act again after last night’s cut. Dow up 36.
Sep 19 2019
Today’s Financial Calendar – 19-09-2019
Significant Scheduled Events For 19 September, 2019
Sep 19 2019
The Overnight Report: Back To Business
Oil prices halved their Monday night gains last night, and Wall Street returned to a defensive stance. Dow up 33.
Sep 18 2019
WEEKLY REPORTS
Weekly Ratings, Targets, Forecast Changes – 20-09-19
Weekly update on stockbroker recommendation, target price, and earnings forecast changes.
10:00 AM
Weekly Top Ten News Stories – 20 September 2019
Our top ten news stories from 12 September 2019 to 19 September 2019
Sep 20 2019
Next Week At A Glance – 23-27 Sep 2019
A brief look at important company events and economic data releases next week.
Sep 20 2019
The Wrap: Aged Care, Housing & Theme Parks
Weekly Broker Wrap: Aged care; advertising; housing; and theme parks.
Sep 20 2019
Australian Corporate Bond Price Tables – 19-09-19
FNArena provides a weekly update of Australian listed corporate bond issues, current pricing and yield data.
Sep 19 2019
The Short Report – 19 Sep 2019
FNArena’s weekly update on short positions in the Australian share market.
Sep 19 2019
Share Buybacks – Who’s Doing It? – 18-09-2019
Weekly Update on ASX-listed companies buying in their own stock.
Sep 18 2019
Genuine Investor Interest Behind The Fake Meat Trend
The New Criterion’s Tim Boreham investigates the boom in listed meat substitute producers in the US and how it pertains to Australia.
Sep 17 2019
Uranium Week: Ups And Downs
Last week was a volatile one in the spot uranium market, for little end result.
Sep 17 2019
THE MARKETS
-
Asia
23 September 2019 Updated : 11:42 AEDT
NZ50
9214.870
-42.310
-0.460%
Nikkei 225
22079.09
+34.64
0.16%
Hang Seng
26405.41
-30.26
-0.11%
-
World
23 September 2019 Updated : 11:42 AEDT
CAD/USD
0.7533
0.00
-0.07%
EUR/JPY
118.74
-0.57
-0.48%
EUR/USD
1.1023
0.00
-0.24%
GBP/USD
1.2481
0.00
-0.30%
USD/JPY
107.73
-0.25
-0.23%
-
Aus Stocks
23 September 2019 Updated : 11:42 AEDT
BHP (UK)
1788.80
-3.80
-0.21%
Rio (UK)
4230.88
-18.62
-0.44%
BHP (US)
50.99
-0.36
-0.70%
Rio (US)
52.82
-0.09
-0.17%
ResMed (US)
134.53
+1.02
0.76%
South32 (UK)
149.10
+0.60
0.40%
James Hardie (US)
16.76
+0.09
0.54%
Telstra (US)
12.30
-0.04
-0.32%
Westpac (US)
20.13
-0.03
-0.15%
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CALENDAR
Monday, 23 September 2019
AU flash mfg PMI, Sep JP flash mfg PMI, Sep JP markets closed EZ flash mfg PMI, Sep US flash mfg PMI, Sep BRI ex-div 2.2c (100%) CNU ex-div 12.76c DDR ex-div 5c (100%) GAP ex-div 1c MNY ex-div 5c (100%) SAR EGM Tuesday, 24 September 2019
AU RBA governor speaks ALL WEATHER STOCKS
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RMD RESMED INC
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WEEKLY PDF
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WEEK 38
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FNARENA TALKS
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FNARENA WINDOWS
Window on URANIUM
Uranium Sector Won’t Catch A Break
Ahead of the Herd’s Rick Mills argues why there is little hope for the uranium price, and why thorium remains a far more palatable alternative.
10:58 AM
Window on INFRA & PROPERTY DEVELOPERS
E-commerce Makes Goodman Group Attractive
Goodman Group represents an attractive opportunity, Shaw and Partners believes, for those looking for a stock that continues to benefit from the growing e-commerce sector.
10:29 AM
Window on MINING
Material Matters: Iron Ore, Coal & Rutile
A glance through the latest expert views and predictions about commodities. China infrastructure; iron ore miners; Indian industry; coking coal; oil; and rutile.
Sep 20 2019
SMSFUNDAMENTALS
SMSFundamentals: Just One Fund Please
Super members want government to lead on multiple accounts and default funds.
Jul 30 2019