FINANCIAL NEWS

FNArena Corporate Results Monitor – 23-08-2019

FNArena’s Monitor keeps track of corporate earnings result releases, including broker views, ratings and target price changes and beat/miss assessments.

Aug 23 2019


Margins Colour McMillan Shakespeare’s Outlook

Brokers say McMillan Shakespeare could outperform as car leasing and salary packaging businesses continue to grow.

Aug 23 2019


Weekly Top Ten News Stories

Our top ten news stories from 15 August 2019 to 22 August 2019

Aug 23 2019


Next Week At A Glance

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

Aug 23 2019


ESG Focus: A Steady Diet Of Plastic

Ahead of the Herd’s Rick Mills shares some confronting data with regard global plastic waste and unwitting human consumption.

Aug 23 2019


UBS rates COL as Sell

The company's maiden FY19 result was messy, UBS observes, but in line with expectations. Supermarket earnings were 3% ahead of the brokers forecasts.

The company has flagged a challenging first quarter for supermarkets and the potential for a drag on working capital via tobacco changes in the first half.

UBS retains a Sell rating, although becoming less negative, expecting the top-line and margin will improve into the second half. Target is raised to $12.65 from $12.30.

Morgans rates LOV as Add

Lovisa Holdings' FY19 result outpaced Morgans estimates by roughly 3% to 5%, thanks to strong revenue from acceleration in like for like sales.

The broker notes the growth absorbed substantial regional investment returning very strong cash generation, resulting in a 22% increase in the dividend, and a 2.6% rise in EPS.

The broker says the company's hedge rate will pose a hurdle in FY20 (-9%), in part offset by lower operating costs. Morgans upgrades sales growth and top-line earnings assumptions but downgrades EPS estimates to account for higher depreciation and amortisation.

Add rating retained despite high multiples, the broker expecting meaningful growth will be logged once operating leverage returns. Target price rises to $13.66 from $13.15.

Citi rates PPT as Neutral

The new CEO is actively looking for acquisitions. Citi thinks further expansion into global equities is probably on his radar. No surprise, since the core business in Australia continues to suffer.

With sub-optimal investment performance (Citi's description) and most of Perpetual's remaining institutional FuM of $7bn relating to industry funds, Citi continues to see risk of further outflows.

Costs are being lowered, but this is a hard business to turn around, suggest the analysts. They are not surprised acquisitions are being sought, and hard. Neutral. Price target falls to $38.50 from $39.50.

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ANALYSIS & DATA

MARKET CONSENSUS FORECAST

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

CCL | COCA-COLA AMATIL LIMITED

Abbreviated format - see the full version here


LAST PRICE CHANGE +/- CHANGE % VOLUME

$10.78

23 Aug
2019

-0.270

OPEN

$10.99

-2.44%

HIGH

$11.08

2,766,157

LOW

$10.67

TARGET
$9.246 -14.2% downside
MARKET CONSENSUS FORECAST
CCL: 1
Title FY17
Actual
FY18
Actual
FY19
Forecast
FY20
Forecast
EPS (cps) 59.8 38.5 52.5 55.1
DPS (cps) 47.0 47.0 47.2 46.1
EPS Growth 85.7% - 35.6% 36.4% 4.9%
DPS Growth 2.2% 0.0% 0.4% - 2.4%
PE Ratio N/A N/A 20.5 19.6
Dividend Yield N/A N/A 4.4% 4.3%
Div Pay Ratio(%) 78.6% 122.1% 89.9% 83.6%

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DAILY FINANCIAL NEWS

FNArena Corporate Results Monitor – 23-08-2019

FNArena’s Monitor keeps track of corporate earnings result releases, including broker views, ratings and target price changes and beat/miss assessments.

Aug 23 2019 - Australia


Brokers say McMillan Shakespeare could outperform as car leasing and salary packaging businesses continue to grow.

Aug 23 2019 - Australia


Ahead of the Herd’s Rick Mills shares some confronting data with regard global plastic waste and unwitting human consumption.

Aug 23 2019 - ESG Focus


FNArena’s Monitor keeps track of corporate earnings result releases, including broker views, ratings and target price changes and beat/miss assessments.

Aug 22 2019 - Australia


FNArena’s Monitor keeps track of corporate earnings result releases, including broker views, ratings and target price changes and beat/miss assessments.

Aug 21 2019 - Australia


Smartgroup Corp has proved resilient in the first half of 2019, recording growth in novated leasing and salary packaging despite a difficult macro environment.

Aug 21 2019 - Small Caps


RUDI'S VIEWS

August Reporting Season: Early Signals

Dear time-poor reader: early beats and misses from corporate results, plus an update on global dividends. In this week's Weekly…

Aug 22 2019

DAILY MARKET REPORTS

The Overnight Report: Manufacturing Malaise

Weak PMI data from across the globe put a spotlight on monetary policy ahead of Jackson Hole speeches tonight. Dow up 49.

Aug 23 2019


Today’s Financial Calendar – 23-08-2019

Significant Scheduled Events For 23 August, 2019

Aug 23 2019


The Overnight Report: Inversion Aversion

A retail-led rally on Wall Street was clipped by the Fed minutes as the US yield curve again flattened. Dow up 240.

Aug 22 2019


Today’s Financial Calendar – 22-08-2019

Significant Scheduled Events For 22 August, 2019

Aug 22 2019


The Overnight Report: As You Were

The three-day surge on Wall Street ended last night with a pullback that did not surprise, although selling accelerated into the close. Dow down -173.

Aug 21 2019


Today’s Financial Calendar – 21 August 2019

Significant Scheduled Events For 21 August, 2019

Aug 21 2019


The Overnight Report: Fiscal Firepower

Germany, China and the US are all now looking at fiscal stimulus measures, further relieving Wall Street investors. Dow up 249.

Aug 20 2019


WEEKLY REPORTS

Weekly Top Ten News Stories

Our top ten news stories from 15 August 2019 to 22 August 2019

Aug 23 2019

Next Week At A Glance

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

Aug 23 2019

The Short Report – 22 August 2019

FNArena’s weekly update on short positions in the Australian share market.

Aug 22 2019


Australian Corporate Bond Price Tables – 22-08-19

FNArena provides a weekly update of Australian listed corporate bond issues, current pricing and yield data.

Aug 22 2019

Share Buybacks – Who’s Doing It? 21-8-19

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

Aug 21 2019

Uranium Week: One Is The Loneliest Number

Volume soared in the spot uranium market to one transaction last week following the prior week’s lack of any transaction.

Aug 20 2019


Weekly Ratings, Targets, Forecast Changes – 19-08-19

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

Aug 19 2019

Weekly Top Ten News Stories 8-15 August 2019

Our top ten news stories from 08 August 2019 to 15 August 2019

Aug 16 2019

Next Week At A Glance – 19-23 August 2019

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

Aug 16 2019


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THE MARKETS

    Click item/line to change chart

  • Australia

    24 August 2019   Updated : 19:42   AEDT

    SPI Overnight (Sep)

    6447.00

    -15.00

    -0.23%

    All Ordinaries

    6614.30

    +21.30

    0.32%

    S&P ASX 200

    6523.10

    +21.30

    0.33%

    S&P ASX 300

    6480.80

    +20.40

    0.32%

    Consumer Discretionary

    2532.40

    +15.90

    0.63%

    Consumer Staples

    12156.90

    -3.80

    -0.03%

    Energy

    10485.00

    +6.60

    0.06%

    Financials

    6159.60

    +9.90

    0.16%

    Health Care

    36357.20

    -99.70

    -0.27%

    Industrials

    6738.90

    +39.00

    0.58%

    Info Technology

    1319.50

    -0.50

    -0.04%

    Materials

    12727.30

    -8.90

    -0.07%

    Telecommunication

    1309.60

    +13.20

    1.02%

    Utilities

    7959.50

    +37.00

    0.47%

  • Asia

    24 August 2019   Updated : 19:42   AEDT

    NZ50

    9214.870

    -42.310

    -0.460%

    Nikkei 225

    20710.91

    +82.90

    0.40%

    Hang Seng

    26179.33

    +130.61

    0.50%

    Click item/line to change chart

  • Australasia

    24 August 2019   Updated : 19:42   AEDT

    AUD/USD

    0.6753

    0.00

    -0.07%

    AUD/NZD

    1.0545

    0.00

    -0.45%

    NZD/USD

    0.6404

    +0.00

    0.39%

    AUD/JPY

    71.18

    -0.88

    -1.23%

    SGD/AUD

    1.07

    +0.00

    0.04%

    AUD/EUR

    0.6008

    -0.01

    -1.67%

    AUD/GBP

    0.5500

    0.00

    -0.65%

    AUDCAD

    0.9003

    +0.00

    0.02%

  • World

    24 August 2019   Updated : 19:42   AEDT

    CAD/USD

    0.7501

    0.00

    -0.09%

    EUR/JPY

    118.48

    +0.54

    0.46%

    EUR/USD

    1.1241

    +0.02

    1.64%

    GBP/USD

    1.2278

    +0.01

    0.57%

    USD/JPY

    105.41

    -1.23

    -1.15%

    Click item/line to change chart

  • World

    24 August 2019   Updated : 19:42   AEDT

    FTSE100

    7094.98

    -33.20

    -0.47%

    DAX30

    11611.51

    -135.53

    -1.15%

    DJIA

    25628.90

    -623.34

    -2.37%

    S&P500

    2847.11

    -75.84

    -2.59%

    Nasdaq Comp

    7751.77

    -239.62

    -3.00%

    S&P500 VIX

    19.87

    +3.19

    19.12%

    US 10-year yield

    1.528

    -0.082

    -5.090%

    USD Index

    98.20

    -0.08

    -0.08%

  • Aus Stocks

    24 August 2019   Updated : 19:42   AEDT

    BHP (UK)

    1680.40

    -18.20

    -1.07%

    Rio (UK)

    3924.50

    -21.50

    -0.54%

    BHP (US)

    46.69

    -0.56

    -1.19%

    Rio (US)

    47.98

    -

    -

    ResMed (US)

    132.18

    -3.86

    -2.84%

    South32 (UK)

    133.48

    -11.38

    -7.86%

    James Hardie (US)

    15.39

    -0.20

    -1.28%

    Telstra (US)

    12.47

    +0.03

    0.24%

    Westpac (US)

    18.53

    -0.32

    -1.70%

    Click item/line to change chart

  • Spot Metals & Minerals

    23 August 2019   Updated : 08:02   AEDT

    Gold (oz)

    1497.50

    -4.70

    -0.31%

    Silver (oz)

    17.00

    -0.08

    -0.47%

    Copper (lb)

    2.5627

    -0.02

    -0.88%

    Aluminium (lb)

    0.7864

    -0.01

    -1.03%

    Lead (lb)

    0.9331

    -0.01

    -0.59%

    Nickel (lb)

    7.1113

    -0.05

    -0.69%

    Zinc (lb)

    1.0090

    -0.01

    -0.63%

    Copper (t)

    5650.00

    -50.00

    -0.88%

    Aluminium (t)

    1734.00

    -18.00

    -1.03%

    Lead (t)

    2057.00

    -12.00

    -0.58%

    Nickel (t)

    15678.00

    -109.00

    -0.69%

    Zinc (t)

    2224.00

    -14.00

    -0.63%

    Uranium (lb) weekly

    25.25

    -0.25

    -0.98%

  • Commodities Futures

    23 August 2019   Updated : 08:44   AEDT

    West Texas Crude

    55.35

    -0.50

    -0.90%

    Brent Crude

    60.05

    -0.39

    -0.65%

    Iron Ore (t) futures

    85.00

    +2.00

    2.41%

CALENDAR

Monday, 26 August 2019
NZ trade balance, Jul
UK markets closed
US durable goods orders, Jul
ADH earnings result
AMA earnings result
AYS earnings result
AZJ ex-div 12.4c (70%)
BLD earnings result
BST ex-div 2.25c (100%)
CTP earnings result
EVN ex-div 6c (100%)
FMG earnings result
GEM earnings result

ALL WEATHER STOCKS

Code Company Price
AMC AMCOR LIMITED

$14.37

ARB ARB CORPORATION LIMITED

$18.38

CSL CSL LIMITED

$238.35

REA REA GROUP LIMITED

$105.22

RMD RESMED INC

$20.19

WEEKLY PDF

Stories To Read From FNArena


WEEK 34

WEEK 33

WEEK 32

WEEK 31

WEEK 30

FNARENA TALKS

FNARENA WINDOWS

Window on VEHICLE LEASING & SALARY PACKAGING

Margins Colour McMillan Shakespeare’s Outlook

Brokers say McMillan Shakespeare could outperform as car leasing and salary packaging businesses continue to grow.

Aug 23 2019


Window on VEHICLE LEASING & SALARY PACKAGING

Smartgroup Cruising Comfortably

Smartgroup Corp has proved resilient in the first half of 2019, recording growth in novated leasing and salary packaging despite a difficult macro environment.

Aug 21 2019


Window on MINING

Material Matters: Gold Rises, Nickel Shines, Iron Ore Suffers

A glance through the latest expert views and predictions about commodities. Gold up on safe haven buying; base metals drop on economic uncertainty; nickel shines; China steel-making slowdown hits iron ore and metallurgical coal.

Aug 21 2019


FEATURE STORIES

Australian Banks: Worth The Risk?

The skies have cleared a little for Australia’s housing market, and the cash rate is falling. Are bank dividends worth the risk?

Jul 31 2019