FINANCIAL NEWS
ASX Winners And Losers Of Today – 03-05-24
The table inside ranks the 20 biggest percentage winners and losers among stocks in the ASX300 at the end of each trading day
May 03 2024
FNArena Corporate Results Monitor – 03-05-2024
FNArena’s Monitor keeps track of corporate earnings result releases, including broker views, ratings and target price changes and beat/miss assessments
May 03 2024
In Case You Missed It – BC Extra Upgrades & Downgrades – 03-05-24
A summary of the highlights from Broker Call Extra updates throughout the week past
May 03 2024
Weekly Top Ten News Stories – 3 May 2024
Our top ten news stories from 25 April 2024 to 02 May 2024
May 03 2024
Next Week At A Glance – 6-10 May 2024
A brief look at important company events and economic data releases next week
May 03 2024
Morgan Stanley rates IFL as Underweight
While Morgan Stanley was disappointed by outflows, stronger financial markets protected 3Q revenues and funds under management and administration (FUMA) for Insignia Financial.
Platform outflows (including pension payments) of -$2.3bn were the largest in the past three years, driven by the MLC Advised channel due to the MLC wrap migration, explain the analysts. The outflows were greater than the broker's forecast for -$1.9bn.
Management noted the migration was successfully completed in early-April and outflows in this channel should improve over time.
Target $2.30. The Underweight rating is maintained with Morgan Stanley noting a better flow trajectory and a stronger balance sheet are needed before the share price can re-rate. Industry view: In-Line.
Macquarie rates IRE as Neutral
Iresshas modestly upgraded FY24 earnings guidance, largely driven by faster realisation of transformation benefits and a slight
benefit from the sale of the Platforms business, to a level similar to Macquarie's forecast.
Iress put through 5-6% price increases across much of its Australian business earlier this period. Last year a larger 9% price increase didn't stick across Xplan, the broker notes, with many users reducing the number of modules to manage their costs.
While less significant, industry feedback suggests advisers were still not happy with the quantum of the latest uplift, the broker warns.
On the sale of UK Mortgages, target rises to $8.75 from $8.55, Neutral retained.
Morgans rates NAB as Hold
National Australia Bank reported a 1H24 -3% decline in cash earnings compared to the previous 2H23, lower than Morgans' forecasts but in line with Visible Alpha consensus.
Around 83% of the bank's revenue was generated from net interest income, a slight beat on consensus.
Net interest margin (NIM) rose 1bp to 172bps, although Morgans forecasts the NIM to stabilise around the mid-160bps level.
Credit impairment charges (CIC) declined -11% against the 2H23 and are now forecast to be 4-6% across FY24-FY26, notes the broker.
Forecast cash EPS is lowered 2-3% for FY24 and the $1.68 dividend is retained.
Hold rating retained due to the valuation and the target lowers to $29.94 from $29.97.
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ANALYSIS & DATA
FNARENA'S MARKET CONSENSUS FORECASTS
To display the stock analysis for a company please enter the company code:
IFL | INSIGNIA FINANCIAL LIMITED
Abbreviated format - see the full version here
| LAST PRICE | CHANGE +/- | CHANGE % | VOLUME |
|---|---|---|---|
|
$2.42 02 May |
0.000 OPEN $2.43 |
0.000 HIGH $2.47 |
1,285,333 LOW $2.38 |
| TARGET | |||
| $2.600 7.4% upside | |||
| Franking for last dividend paid out: 100% |
| Title | FY22 Actual |
FY23 Actual |
FY24 Forecast |
FY25 Forecast |
|---|---|---|---|---|
| EPS (cps) | xxx | N/A | 29.0 | xxx |
| DPS (cps) | xxx | N/A | 18.4 | xxx |
| EPS Growth | xxx | N/A | N/A | xxx |
| DPS Growth | xxx | N/A | N/A | xxx |
| PE Ratio | xxx | N/A | 8.1 | xxx |
| Dividend Yield | xxx | N/A | 7.8% | xxx |
| Div Pay Ratio(%) | xxx | N/A | 63.2% | xxx |
DAILY FINANCIAL NEWS
FNArena Corporate Results Monitor – 03-05-2024
FNArena’s Monitor keeps track of corporate earnings result releases, including broker views, ratings and target price changes and beat/miss assessments
May 03 2024 - Australia
FNArena’s Treasure Chest reports on money making ideas from stockbrokers and other experts. Today’s story is on Collins Foods. Is fast food truly defensive?
May 02 2024 - Treasure Chest
Fierce rallies in technology related share prices are eliciting calls of a new investment bubble a la Nasdaq 2000, but are such fears justified?
May 02 2024 - International
The New Criterion’s Tim Boreham runs through the options available for investors wishing to add gold exposure to their portfolio
May 01 2024 - Commodities
Green geopolitics are heating up; analysts check out electric vehicles, lithium and critical minerals; and the AI push persists despite climate implications of data centres, which in turn bode well for power generators, transmission companies, and copper
May 01 2024 - ESG Focus
SiteMinder’s March quarter update showed the company is on track to reach positive earnings and cash flow next quarter and new product launches offer growth
May 01 2024 - Small Caps
PR NEWSWIRE
PAUL WATSON TO RETURN TO ANTARCTICA TO PROTECT WHALES
May 02 2024 - PR NewsWire
Mainstream Renewable Power consortium awarded feasibility licence for 2.5 GW offshore wind development in Australia
May 02 2024 - PR NewsWire
TRICORBRAUN ACQUIRES TWO AUSTRALIAN PACKAGING DISTRIBUTORS – UNIQUEPAK AND ALPLAS PRODUCTS
May 02 2024 - PR NewsWire
RUDI'S VIEWS
Rudi’s View: Quality Reigns, And How To Identify It
In this week's Weekly Insights: -Quality Reigns, And How To Identify It-Macquarie's ASX Quality Compounders By Rudi Filapek-Vandyck, Editor Quality…
May 01 2024
DAILY MARKET REPORTS
ASX Winners And Losers Of Today – 03-05-24
The table inside ranks the 20 biggest percentage winners and losers among stocks in the ASX300 at the end of each trading day
May 03 2024
Australian Broker Call *Extra* Edition – May 03, 2024
Extra Edition of the Broker Call Report
May 03 2024
The Overnight Report: Sigh Of Relief
Wall Street needed to think about it overnight, but decided the Fed’s stance remains dovish. S&P500 up 0.9%. (Available for non-subscribers after 10am)
May 03 2024
ASX Winners And Losers Of Today – 02-05-24
The table inside ranks the 20 biggest percentage winners and losers among stocks in the ASX300 at the end of each trading day
May 02 2024
The Overnight Report: Data Only Today (Sorry)
Due to technical problems today’s Overnight Report consists of data only
May 02 2024
ASX Winners And Losers Of Today – 01-05-24
The table inside ranks the 20 biggest percentage winners and losers among stocks in the ASX300 at the end of each trading day
May 02 2024
WEEKLY REPORTS
In Case You Missed It – BC Extra Upgrades & Downgrades – 03-05-24
A summary of the highlights from Broker Call Extra updates throughout the week past
May 03 2024
Weekly Top Ten News Stories – 3 May 2024
Our top ten news stories from 25 April 2024 to 02 May 2024
May 03 2024
Next Week At A Glance – 6-10 May 2024
A brief look at important company events and economic data releases next week
May 03 2024
The Short Report – 02 May 2024
FNArena’s weekly update on short positions in the Australian share market
May 02 2024
Uranium Week: Nuclear Power And AI
The extensive power required to run AI models at data centres has brought nuclear energy clearly into focus
Apr 30 2024
Weekly Update On LICs & LITs – 30-Apr-2024
Weekly update of Listed Investment Companies (LICs) & Listed Investment Trusts (LITs) on the ASX
Apr 30 2024
Australian Listed Real Estate Tables – 29-04-2024
FNArena provides a weekly update of Australian listed real estate trusts (REIT) and property developers, current pricing yield and valuation data
Apr 29 2024
Weekly Ratings, Targets, Forecast Changes – 26-04-24
Weekly update on stockbroker recommendation, target price, and earnings forecast changes
Apr 29 2024
In Case You Missed It – BC Extra Upgrades & Downgrades – 26-04-24
A summary of the highlights from Broker Call Extra updates throughout the week past
Apr 26 2024
THE MARKETS
-
Australia
03 May 2024 Updated : 20:12 AEDT
SPI Overnight
7636.00
+35.00
0.46%
NZ50
11938.080
+64.040
0.540%
All Ordinaries
7897.50
+48.10
0.61%
S&P ASX 200
7629.00
+42.00
0.55%
S&P ASX 300
7583.30
+42.60
0.56%
Communication Services
1482.70
+9.80
0.67%
Consumer Discretionary
3439.50
+67.20
1.99%
Consumer Staples
11598.70
+40.30
0.35%
Energy
10070.80
+62.00
0.62%
Financials
7216.00
+21.20
0.29%
Health Care
42141.80
+179.80
0.43%
Industrials
6868.50
+26.30
0.38%
Info Technology
2203.50
+26.10
1.20%
Materials
17832.10
+31.70
0.18%
Real Estate
3563.70
+54.50
1.55%
Utilities
8629.10
+55.40
0.65%
A-REITs
1618.30
+25.50
1.60%
All Technology Index
3016.30
+43.90
1.48%
Banks
3014.20
+17.40
0.58%
Gold Index
7460.20
-129.90
-1.71%
Metals & Mining
5850.80
+7.60
0.13%
-
World
03 May 2024 Updated : 20:12 AEDT
CAD/USD
0.7317
+0.00
0.40%
EUR/JPY
164.48
-1.62
-0.98%
EUR/USD
1.0743
+0.00
0.40%
GBP/USD
1.2558
+0.00
0.34%
USD/JPY
153.11
-2.13
-1.37%
-
Aus Stocks
03 May 2024 Updated : 20:12 AEDT
Amcor (US)
9.87
+0.07
0.71%
Newmont (US)
41.05
+0.47
1.16%
Rio Tinto (UK)
5466.34
+24.34
0.45%
BHP Group (US)
55.58
+0.58
1.05%
Rio Tinto (US)
68.28
+0.78
1.16%
ResMed (US)
218.15
+3.14
1.46%
South32 (UK)
186.60
+1.70
0.92%
James Hardie (US)
35.10
+0.44
1.27%
Janus Henderson (US)
31.96
+0.80
2.57%
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CALENDAR
Monday, 6 May 2024
AU job ads, Apr JP markets closed EZ PPI, Mar UK markets closed CSR earnings report EDV quarterly report LNK ex-div 16c (25%) TCL investor briefing WBC earnings report Tuesday, 7 May 2024
AU RBA policy meeting AU retail sales ex-inflation, Q1 EZ retail sales, Mar ALL WEATHER STOCKS
Code Company Price CAR CAR GROUP LIMITED 
$34.28
CSL CSL LIMITED
$275.80
REA REA GROUP LIMITED
$180.40
TNE TECHNOLOGY ONE LIMITED
$16.12
WOW WOOLWORTHS GROUP LIMITED
$30.59
WEEKLY PDF
Stories To Read From FNArena
WEEK 18
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WEEK 15
WEEK 14
FNARENA TALKS
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FNARENA WINDOWS
Window on FOOD, BEVERAGES & TOBACCO
Treasure Chest: The Fast Food Conundrum
FNArena’s Treasure Chest reports on money making ideas from stockbrokers and other experts. Today’s story is on Collins Foods. Is fast food truly defensive?
May 02 2024
Window on TECHNOLOGY
Generative AI, Investing In The 21st Century Megatrend, Part One
Fierce rallies in technology related share prices are eliciting calls of a new investment bubble a la Nasdaq 2000, but are such fears justified?
May 02 2024
Window on GOLD & SILVER
Gold Producers Over Bullion?
The New Criterion’s Tim Boreham runs through the options available for investors wishing to add gold exposure to their portfolio
May 01 2024
SMSFUNDAMENTALS
The Hedge Fund Whisperers: Hints For Retail Investors To Unlock Alpha
Hedge funds have long been shrouded in secrecy, their billion-dollar bets whispered only in hushed tones within mahogany-lined conference rooms. These whispers can be harnessed for the astute retail investor. A succinct guide
May 02 2024