FINANCIAL NEWS
ASX Winners And Losers Of Today – 24-04-24
The table inside ranks the 20 biggest percentage winners and losers among stocks in the ASX300 at the end of each trading day
Apr 24 2024
Australian Broker Call *Extra* Edition – Apr 24, 2024
Extra Edition of the Broker Call Report
Apr 24 2024
Brambles’ Divisive March Quarter
A negative reaction to Brambles’ March quarter update suggests more was expected, but brokers, while split, are mostly positive
Apr 24 2024
Orora Awaiting The End Of Destocking
Packaging business Orora continues to struggle in the near term, but brokers agree the company’s prospects in the longer term do look promising
Apr 24 2024
Rudi’s View: A Market Narrative Delayed
In this week's Weekly Insights: -A Market Narrative Delayed-Conviction Calls & Best Buys-Rudi Unplugged – The Video By Rudi Filapek-Vandyck,…
Apr 24 2024
Macquarie rates BXB as Outperform
Brambles reiterated guidanceat its update of 13-15% constant-currency earnings growth, but Macquarie has lowered its expectation to 13% from 14%.
Price was a driver of first half earnings growth but this diminished significantly in the March Q. Destocking in pool and white pallets limits organic growth, the broker notes.
The positive of the destocking cycle is the release of pallets saves on capex demands, Macquarie points out, improving cycle times and improving loss ratios thus Brambles' reiteration of the 8-10pts improvement in capex to sales, and strength in margins.
Outperform and $16.25 target retained,
Bell Potter rates C79 as Buy
Despite weaker unit deployments due to ongoing site-readiness challenges, 3Q revenue for Chrysos was in line with Bell Potter's forecast. Quarterly minimum monthly assay payments (MMAP) per average deployed unit rose by 10% quarter-on-quarter.
FY24 guidance for units deployed halved to nine, while $45m of revenue is expected, down from the prior $48-58m range. Earnings guidance for $8.5m falls within the prior $7-17m range.
While the unit deployment guidance is disappointing, the analysts point out $45m of revenue implies a continuation of elevated MMAP per unit in the final quarter of FY24, and good prospects for FY25.
The Buy rating is unchanged and the target falls to $7.60 from $8.30 to reflect lower unit deployments, lower unitised operating expenses and higher MMAP per average deployed unit.
Citi rates INA as Buy
Despite Lifestyle Communities ((LIC)) downgrading its full year volumes guidance recently, Citi reassures investors there are limited readthroughs from Ingenia Communities.
The broker highlights Lifestyle Communities is purely focused on Victoria, while Ingenia Communities maintains a national presence with only limited exposure to the Victoria market.
Citi anticipates 450 settlements from Ingenia Communities over the full year.
The Buy rating and target price of $5.30 are retained.
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ANALYSIS & DATA
FNARENA'S MARKET CONSENSUS FORECASTS
To display the stock analysis for a company please enter the company code:
29M | 29METALS LIMITED
Abbreviated format - see the full version here
| LAST PRICE | CHANGE +/- | CHANGE % | VOLUME |
|---|---|---|---|
|
$0.44 23 Apr |
OPEN $0.47 |
HIGH $0.47 |
3,217,458 LOW $0.43 |
-0.030| TARGET | |||
| $0.420 -4.5% downside | |||
| Franking for last dividend paid out: 100% |
| Title | FY22 Actual |
FY23 Actual |
FY24 Forecast |
FY25 Forecast |
|---|---|---|---|---|
| EPS (cps) | xxx | N/A | - 8.6 | xxx |
| DPS (cps) | xxx | N/A | 0.0 | xxx |
| EPS Growth | xxx | N/A | N/A | xxx |
| DPS Growth | xxx | N/A | N/A | xxx |
| PE Ratio | xxx | N/A | N/A | xxx |
| Dividend Yield | xxx | N/A | 0.0% | xxx |
| Div Pay Ratio(%) | xxx | N/A | N/A | xxx |
DAILY FINANCIAL NEWS
Brambles’ Divisive March Quarter
A negative reaction to Brambles’ March quarter update suggests more was expected, but brokers, while split, are mostly positive
Apr 24 2024 - Australia
Packaging business Orora continues to struggle in the near term, but brokers agree the company’s prospects in the longer term do look promising
Apr 24 2024 - Australia
The New Criterion’s Tim Boreham uncovers the potential of 4D Medical in the USA
Apr 23 2024 - Small Caps
Companies are expected to ramp up their psychosocial safety strategies following a slew of legislation and legal precedents and ahead of new disclosure standards
Apr 22 2024 - ESG Focus
Overviews in raw numbers and calculations that might assist investors with assessing trends and currents that might not be apparent from daily volatility and movements
Apr 20 2024 - Australia
FNArena’s Monitor keeps track of corporate earnings result releases, including broker views, ratings and target price changes and beat/miss assessments
Apr 19 2024 - Australia
PR NEWSWIRE
Spark Education Launches Its First Offline Learning Center in Australia, Expanding Its Influence as a World-leading STEM Education Provider
Apr 24 2024 - PR NewsWire
ARKANCE ANZ AND TECHNOLOGY CORE PARTNER TO EXTEND INTERACTIVE BIM VISUALISATION CAPABILITIES FROM SITE TO BOARDROOM AND BEYOND.
Apr 24 2024 - PR NewsWire
UST Strengthens Presence in the Australian Market with Strategic Acquisition of Leading Consulting Firm Strativity Group
Apr 24 2024 - PR NewsWire
LIFE360 ENHANCES FAMILY SAFETY APP WITH LAUNCH OF NEW FEATURES AND TIERED MEMBERSHIP BENEFITS IN AUSTRALIA AND NEW ZEALAND
Apr 24 2024 - PR NewsWire
AUSTRALIAN BATTERY MATERIALS INNOVATOR ANNOUNCES US EXPANSION
Apr 23 2024 - PR NewsWire
TTC Announces Strategic Expansion into Western Australia with New Perth Office
Apr 23 2024 - PR NewsWire
RUDI'S VIEWS
Rudi’s View: A Market Narrative Delayed
In this week's Weekly Insights: -A Market Narrative Delayed-Conviction Calls & Best Buys-Rudi Unplugged – The Video By Rudi Filapek-Vandyck,…
Apr 24 2024
DAILY MARKET REPORTS
ASX Winners And Losers Of Today – 24-04-24
The table inside ranks the 20 biggest percentage winners and losers among stocks in the ASX300 at the end of each trading day
Apr 24 2024
Australian Broker Call *Extra* Edition – Apr 24, 2024
Extra Edition of the Broker Call Report
Apr 24 2024
The Overnight Report: Back To Business
With Middle East tensions now eased, Wall Street can concentrate on earnings results. S&P500 up 1.2%. (Available for non-subscribers after 10am)
Apr 24 2024
ASX Winners And Losers Of Today – 23-04-24
The table inside ranks the 20 biggest percentage winners and losers among stocks in the ASX300 at the end of each trading day
Apr 23 2024
Australian Broker Call *Extra* Edition – Apr 23, 2024
Extra Edition of the Broker Call Report
Apr 23 2024
The Overnight Report: Rebound
With Iran and Israel calling a draw, markets have rebounded sharply. S&P500 up 0.9%. (Available for non-subscribers after 10am)
Apr 23 2024
WEEKLY REPORTS
Uranium Week: From Russia Without Love
A global conference kept the uranium spot market quiet last week, but concerns continue to fester as to just when sanctions will be placed on Russian imports
Apr 23 2024
Weekly Update On LICs & LITs – 23-Apr-2024
Weekly update of Listed Investment Companies (LICs) & Listed Investment Trusts (LITs) on the ASX
Apr 23 2024
Australian Listed Real Estate Tables – 22-04-2024
FNArena provides a weekly update of Australian listed real estate trusts (REIT) and property developers, current pricing yield and valuation data
Apr 22 2024
Weekly Ratings, Targets, Forecast Changes – 19-04-24
Weekly update on stockbroker recommendation, target price, and earnings forecast changes
Apr 22 2024
In Case You Missed It – BC Extra Upgrades & Downgrades – 19-04-24
A summary of the highlights from Broker Call Extra updates throughout the week past
Apr 19 2024
Weekly Top Ten News Stories – 19 April 2024
Our top ten news stories from 11 April 2024 to 18 April 2024
Apr 19 2024
Next Week At A Glance – 22-26 Apr 2024
A brief look at important company events and economic data releases next week
Apr 19 2024
In Brief: Made In Australia, Insurance & Groceries
Weekly Broker Wrap: beneficiaries of the Future Made in Australia Act; rising excesses for general insurers; plus impacts of grocery market inquiry
Apr 19 2024
The Short Report – 18 Apr 2024
FNArena’s weekly update on short positions in the Australian share market
Apr 18 2024
THE MARKETS
-
Australia
24 April 2024 Updated : 20:12 AEDT
SPI Overnight
7725.00
+27.00
0.35%
NZ50
11946.430
+143.150
1.210%
All Ordinaries
7937.50
-0.40
-0.01%
S&P ASX 200
7683.00
-0.50
-0.01%
S&P ASX 300
7633.40
-1.70
-0.02%
Communication Services
1509.20
-4.60
-0.30%
Consumer Discretionary
3413.80
-8.20
-0.24%
Consumer Staples
11982.00
+35.10
0.29%
Energy
10354.10
+18.70
0.18%
Financials
7235.60
+25.20
0.35%
Health Care
41927.90
+0.90
0.00%
Industrials
7004.40
-39.00
-0.55%
Info Technology
2162.20
-7.50
-0.35%
Materials
18132.00
-25.60
-0.14%
Real Estate
3522.90
-8.00
-0.23%
Utilities
8723.70
-51.90
-0.59%
A-REITs
1600.00
-3.20
-0.20%
All Technology Index
3008.10
+0.60
0.02%
Banks
3002.10
+13.30
0.44%
Gold Index
7588.30
+81.60
1.09%
Metals & Mining
5965.20
-7.10
-0.12%
-
World
24 April 2024 Updated : 20:12 AEDT
CAD/USD
0.7309
+0.00
0.18%
EUR/JPY
165.56
+0.50
0.30%
EUR/USD
1.0687
+0.00
0.23%
GBP/USD
1.2428
+0.01
0.53%
USD/JPY
154.92
+0.10
0.07%
-
Aus Stocks
24 April 2024 Updated : 20:12 AEDT
Amcor (US)
8.98
-0.05
-0.55%
Newmont (US)
37.71
+0.25
0.67%
Rio Tinto (UK)
5493.00
+176.00
3.31%
BHP Group (US)
58.70
+0.19
0.32%
Rio Tinto (US)
66.64
-0.56
-0.83%
ResMed (US)
184.22
+3.87
2.15%
South32 (UK)
172.10
+1.00
0.58%
James Hardie (US)
35.56
+1.13
3.28%
Janus Henderson (US)
31.84
+0.60
1.92%
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CALENDAR
Thursday, 25 April 2024
NZ markets closed AU markets closed US GDP, Q1 US pending home sales, Mar NEM AGM URW earnings report Friday, 26 April 2024
NZ consumer confidence, Apr AU PPI, Q1 JP BoJ policy meeting US PCE inflation, Mar US UMich consumer sentiment, Apr (final) NEM earnings report ALL WEATHER STOCKS
Code Company Price CAR CAR GROUP LIMITED 
$34.19
CSL CSL LIMITED 
$278.45
REA REA GROUP LIMITED
$180.22
TNE TECHNOLOGY ONE LIMITED
$16.12
WOW WOOLWORTHS GROUP LIMITED
$32.07
WEEKLY PDF
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WEEK 16
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FNARENA TALKS
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FNARENA WINDOWS
Window on TRANSPORTATION & LOGISTICS
Brambles’ Divisive March Quarter
A negative reaction to Brambles’ March quarter update suggests more was expected, but brokers, while split, are mostly positive
Apr 24 2024
Window on PAPER & PACKAGING
Orora Awaiting The End Of Destocking
Packaging business Orora continues to struggle in the near term, but brokers agree the company’s prospects in the longer term do look promising
Apr 24 2024
Window on URANIUM
Uranium Week: From Russia Without Love
A global conference kept the uranium spot market quiet last week, but concerns continue to fester as to just when sanctions will be placed on Russian imports
Apr 23 2024
SMSFUNDAMENTALS
SMSFundamentals: Inflation Beats Covid, Markets As Retirement Influencer
Australians have become less comfortable with their plans for retirement, and inflation is to blame
Nov 29 2023