The major report of the day yesterday came from the country’s premier healthcare and tech stock – CSL Ltd, but while the company out performed its guidance, it missed slightly on some analyst and market estimates and the shares were weaker.
Read MoreFor the second time in three years, Seven West Media has slashed asset values on its balance sheet as it attempts to adjust to the rapid pace of change in the media.
Read MoreProperty developer and shopping centre owner, Stockland said its annual net profit rose by 34%, although its growth in funds from operations would likely ease this year partly due to higher energy costs.
Read MoreThe course for Fairfax Media’s Domain separation track is now firmly set after yesterday’s 2016-17 financial report and update.
Read MoreHas our wages slide reached the bottom? It looks like it judging by the data from the June quarter Wage Price Index, released by the Australian Bureau of Statistics yesterday.
Read MoreA week before BHP Billiton releases what is expected to be a big rise in annual profit and a higher dividend, US hedge fund Elliott Management says it has raised its stake in BHP Billiton to 5% – but the reason for the rise is unknown except that it generated some publicity yesterday.
Read MoreFor the country’s largest standalone oil and gas group, Woodside, its first half financial report was far different in substance (a nice rise in profit), tone (more upbeat) and colour (now losses or red ink) than the full year report from Origin Energy yesterday and the loss-strewn half year expected from Santos.
Read MoreAs expected the heavy write down revealed last week in the value of its export LNG project in Queensland has seen Origin Energy report a $2.2 billion net loss for the year to June – more than three times the loss of a year earlier which saw a much smaller write down of the value of the LNG project.
Read MoreAs expected, Kiwi construction giant, Fletcher Building has reported a big plunge in net profit for the year to June, thanks to a large loss in its troubled construction arm and the writing down of two of its big Australian assets, Tradelink and Iplex.
Read MoreBig investors remain nervy about the stability of global markets, according to the August survey from Bank America Merrill Lynch. The US sharemarkets remain danger spots, but euro shares are again highly favoured.
Read MoreGPT Group has delivered a net profit after tax of $752.3 million, an increase of 28.3%.
Read MoreMore than $850 million was wiped from the market value of former market darling, Domino’s Pizza yesterday as the company again produced figures left the market underwhelmed.
Read MoreThe super boom, rising employment and the ageing population have helped annuities group, Challenger to report a 21% jump in net profit to nearly $400 million for the year to June 30.
Read MoreFor the first time in a year the quarterly investment managers filing from Warren Buffet’s Berkshire Hathaway contained little to excite investments – except the exit from its stake in General Electric.
Read MoreSantos has joined Origin Energy in carving hundreds of millions of dollars off the value of its assets, especially its investment in export LNG in Queensland.
Read MoreVery quietly, BHP has boosted its spending over the next year on its revamp of its huge Olympic Dam mining operations in South Australia to more than $10 million a week.
Read MoreArgo Investments seems to be rolling in cash.
Read MoreInvestors were not head over heels enthusiastic about the full year figures from electronics retailer, JB Hi-Fi which contained the first solid contribution from The Good Guys chain which was bought last year for $870 million.
Read MoreMoments of truth this week for the Australian media, or yet another mirage? The industry is confident that the cross-bench Senators will again buckle and change the law to the industry to the benefit of the companies involved – and especially News Corp and the Murdoch clan in particular.
Read MoreThe ANZ Bank has confirmed that the big banks are through the worse of rising bad debts, weak revenues and higher capital demands with a surprisingly solid third quarter trading update this morning.
Read MoreThe Good Friday quake at its Cadia mine in NSW this year has taken some of the gloss off what was a solid result from Australia’s biggest gold miner Newcrest Mining for the year to June 30.
Read MoreMixed news yesterday from our two biggest export markets – China and Japan.
Read MoreThe Australian June 30 reporting season hits top gear this week with around 60 companies in the ASX 200 down to report, along with the vital third quarter trading update from the ANZ tomorrow.
Read MoreAmerica’s June quarter earning season slows this week, but retailers will dominate again, as they did last Thursday and Friday with weak figures from department store chains like Macy’s and especially JC Penny.
Read MoreWages and jobs are back in focus this week in Australia as well as the local June 30 financial year reporting season which swings into top gear.
Read MoreIt is going to be a very cautious start to trading later today thanks to continuing nervousness about the tensions between the US and North Korea.
Read MoreIron ore prices dropped on Friday as the Chinese steel industry leadership and parts of the government tried to cool the hot steel market.
Read MoreWhile not as good as the Commonwealth Bank’s 8% performance, but Bendigo and Adelaide Bank has managed a 4.2% lift in full-year cash earnings to $418.3 million for the 12 months to June 30, and the market cheered.
Read MoreGloves and protective clothing maker Ansell’s full-year net profit has dropped 7.2% to $US147.7 million ($A186.8 million), for the year to June 30 as the company prepares for life without its long held sexual wellness business.
Read MoreRail freight operator Aurizon is selling its troubled intermodal business, cutting another 250 jobs, revealed the financial cost of the impact from Cyclone Debbie and has slashed its final dividend after reporting a bottom line loss of $188 million. But it will run a multi-million dollar buyback this financial year to provide support to the share price.
Read MoreThe signs of improvements in the finances and the operational returns for Virgin Australia since at the December half way mark continued into the June 30 half resulting in a much better outcome for the airline.
Read MoreWealth manager AMP has done a second reinsurance deal to try and release more capital from its underperforming wealth-protection business in Australia.
Read MoreShares in Amcor spin-off Orora jumped almost 9.2% to $2.98 yesterday following the release of the packaging company’s solid full-year results for 2016-17.
Read MoreWoof – Watchdog barks: A busy morning yesterday for the ACCC as it bagged new car companies for breaching consumer rights and cost rip offs and raised doubts about two big takeovers – the first is the proposed purchase by BP of Woolworths petrol stations and associated convenience stores, the second is the more controversial attempt by secretive US private equity company, Bain Capital to become the biggest for profit offer of before and after child care services.
Read MoreAGL Energy revealed a sharp rebound in earnings for 2016-17 yesterday, forecast more of the same this financial year and shareholders are going to be showered with loot.
Read MoreLike the Commonwealth Bank, the National Australia Bank will see stronger revenue gains in the next few months from mortgage rate increases that hit at the end of the June quarter, falling loan impairments and no trouble raising the fresh capital demanded by regulators.
Read MoreThe Reserve Bank of NZ has followed its Australian counterpart and left its key interest rate steady as both economies face a similar outlook of weaker inflation, low wages, continuing activity in housing and a currency under pressure.
Read MoreSome weak-minded analysts don’t like it, but the Commonwealth Bank is determined to add to the list of goodies delivered to shareholders yesterday with a record final and full year dividend by re-opening its dividend reinvestment plan (DRP).
Read MoreWell, the hand wringers were out in force on Tuesday afternoon and evening telling us the weaker than expected trade data for July was a ‘concern’ or a ‘worry’ or indicated a slowdown.
Read MoreShares in online vehicle classifieds business carsales.com jumped nearly 3% as investors looked through the headline figures in what looked like a weak full year result and found some things to like.
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DOWNLOAD RESEARCH REPORTSecures binding contract with Tier-1 OEMUS based anode active project gathers momentumMagnis Energy Technologies (MNS.ASX) – MNS is planning an anode active facility in the US and recently announced a binding, yet conditional, contract for the supply of anode active with Tesla. The contract is for a minimum 17.5kt/year with an option to purchase another 17.5t/year. Conditions precedent carry a tight development timeframe, with first production scheduled for February 2025. Site selection is underway and co-locating with an OEM on a brownfields site makes sense. Long lead items have been ordered and detailed engineering and design is expected to commence soon. |
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December Quarterly Report: Q2 FY2023Looking past the rain – there’s a rainbow.TerraCom released their operating results for the December quarter FY2023 with operating metrics being in line with our forecasts. Unseasonal rains in both Australia and South Africa contributed to operational and logistical issues across all mines, however guidance for annual production at Blair Athol is unaffected and highlights the quality of TerraCom’s skills in operational management. We continue to like the stable operating metrics around the company’s Australian operations and see potential for the South African operations to benefit from increased management focus given the rationalisation of operations following the closure of the Ubuntu mine. Corporate Connects overall financials remain unchanged as does our target price of $1.35 share. We maintain our forecast for a fully franked quarterly dividend of 7.5c/share to be paid in the March and June quarters of FY2023. |
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DOWNLOAD RESEARCH REPORTHigh performance synthetic anode & cathode materials Building a US based materials supply chainNOVONIX (ASX:NVX) – is scaling a synthetic anode materials plant in the US and piloting nickel rich cathode material in Canada. Why? China is dominant and growing – 100% of global natural anode and 68% of synthetic anode is refined in China. In short, China controls the global midstream battery chain by controlling 60% of chemical refining, 87% of anode manufacturing, 61% of cathode manufacturing and 73% of battery manufacturing. It is global battery supply and price domination at scale. |
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DOWNLOAD RESEARCH REPORTAntisense Therapeutics (ANP) Taking a Quick Approach to Long COVIDThis report looks at the results of a collaborative study Antisense undertook which looked at the largest protein expression database in Long COVID-19 patients who experienced neurologic symptoms well after the primary or acute SARS-CoV-2 infection was considered over (Groups 1 & 2, with 48 subjects Group 2 comprising a single patient from a different clinical site). The symptoms and others experienced by such patients result in a highly significant amount of illness, possibly more than all primary SARS-CoV-2 infections i.e COVID-19. |
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DOWNLOAD RESEARCH REPORT4Q reveals more focus on profit and cash flow• LBY’s 4Q FY22 quarterly activities update showed continued solid growth in top line metrics, albeit slowing, with GMV of NZ$203m (+26% on pcp) and income of NZ$12.1m (+23% on pcp).
• Net Transaction Margin (NTM) disappointed at -0.5%, due to further increase in credit losses from 4.0% to 4.9% of GMV. However, new fraud and credit risk management tools have seen losses recover materially with NTM back to 1.2% in March and LBY is confident of further recovery in coming months.
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DOWNLOAD RESEARCH REPORTSigns MOU with Ford Company – Kachi is now sold out!Lake Resources (LKE. ASX) – LKE has signed two non-binding MOU’s in the space of 10 days. Ford Company (Ford) has signed an MOU for ~25,000t/year and last week Hanwa, a Japanese commodity trader signed a MOU for up to 25,000t/year. Subject to execution, this is an amazing feat as Ford and Hanwa are prepared to enter into longer-term strategic partnerships with LKE. Commercial negotiations are still ongoing but are expected, especially if Ford & Hanwa inject new equity into LKE, to further de-risk the project financing & thus ensure LKE and Kachi are fully funded. |
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DOWNLOAD RESEARCH REPORTStrategic Vanadium-battery growth with Titanium & Iron earnings resiliencyTNG Ltd is an ASX-listed technology owner and developer of the world-class Mount Peake near-surface vanadiferous titanomagnetite deposit. To unlock value, TNG will concentrate ore from its central Northern Territory mine for processing through its patented TIVAN® process produce three premium quality revenue streams: hi-purity vanadium pentoxide (V2O5) for steel alloys and Vanadium Redox Flow batteries, a quality titanium pigment for paints and a premium steel input with >64%Fe iron ore fines. |
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Promising exploration and development update while SOP prices continue to riseTwo recent gravity surveys have considerably exceeded expectations and revealed potential for extensions to the existing MRE at Lake Throssell, plus a material growth opportunity at Lake Yeo. This reinforces the potential for a multi-decade, Tier-1 SOP production hub based around Lake Throssell. TMG is currently completing work towards the PFS due early 2023, including drilling to start in Q3 2022, evaporation trials and permitting activities. Results from these programs will support the PFS and any future resource upgrade. Benchmark SOP prices have risen to ~US$940/t due to recent geopolitical developments. The Oct 2021 Scoping Study assumed a SOP price of US$550/t and contained a sensitivity analysis showing every 10% increase in price drives a +$144m increase in the project NPV of $364m. The c.70% increase above the Scoping Study thus implies a project NPV of ~$1.4bn. |
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DOWNLOAD RESEARCH REPORTIncreasing our TargetDespite the lower realised oil and gas price, which fell by 5.4% and 19.7% respectively in August, Calima managed to show improvement in its key business metrics. We expect higher production in November due to the contribution by the new Thorsby wells which will be drilled in August/September which will see Calima meet its 2021 production guidance of 4,500 boe/d. |
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DOWNLOAD RESEARCH REPORTEmerging Financial Wealth Advisory GroupWT Financial Group Limited (WTL) is a growing diversified financial services company, founded in 2010 and listed on the Australian Stock Exchange (ASX) in 2015. Its advice and product offerings are delivered primarily through a group of independent financial advisers operating as authorised representatives of WTL under its Wealth Today Pty Ltd (Wealth Today) and Sentry Group Pty Ltd (Sentry Group) dealer group operations. It has around 275 advisers across more than 200 financial advice practices Australia-wide. It also operates a direct-to-consumer operation under its Spring Financial Group brand. |
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DOWNLOAD RESEARCH REPORTImmutep Taking the Fight to CancerIn May 2021, Corporate Connect analyst Marc Sinatra published a comprehensive research report on ASX-listed biotech Immutep Ltd (ASX: IMM). So impressed was he with IMM that Corporate Connect felt it imperative that a follow-up report be released placing a valuation on the company, because the market was not seeing the vast potential of eftilagimod alpha (efti). This follow-up report has been released today. Using comparables, after adding cash back to their EV estimate and dividing by the total number of issued shares, Corporate Connect now places the fair value of an Immutep share at $A2.20. |
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DOWNLOAD RESEARCH REPORTMarket leading lifelong learning platform technology company in Australia and SE AsiaPayGroup (PYG) delivers multi-country BPO services and cloud SaaS HCM solutions, assisting companies to manage employees in multiple, complex jurisdictions. The company has many growth opportunities, including new clients, new jurisdictions, new products, partner expansion, and new revenue sources. PYG’s scalable business model allows operating leverage and with savings from in-housing third party technology, support margin expansion. |
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DOWNLOAD RESEARCH REPORTMarket leading lifelong learning platform technology company in Australia and SE AsiaOpenLearning (OLL) is a higher education technology company that operates a scalable online learning platform through a software-as-a-service (SaaS) business model and provides a global marketplace of high quality courses for learners of all levels. Its primary customers are education providers based in Australia and South-East Asia (primarily Malaysia). OLL started operations in Australia in 2012 and expanded to Malaysia in 2015, Singapore in 2018, and recently also Indonesia. |
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