Breville Group (ASX:BRG), the 28%-owned global appliance group led by Solomon Lew, reported a strong financial performance for the 2023-24 fiscal year. The company experienced higher sales, earnings, and dividends.
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The recent lackluster performance of JB Hi-Fi (ASX:JBH), marked by weak profits and dividend cuts, has drawn attention to the resilience and success of smaller players in the retail sector. Two notable standouts, Temple & Webster (ASX:TPW) and Breville (ASX:BRG), have defied expectations with solid financial reports despite challenging economic conditions.
Read MoreThe local reporting season for the December period is picking up steam – here are the important bits from the announcements by Breville Group, Temple & Webster and Seven West Media.
Read MorePoor market sentiment in Tuesday’s ASX session had a say in how the latest profit results from appliance maker Breville, e-tailer Kogan and discount chain The Reject Shop were received.
Read MoreTarget is reduced to $25 from $34 and the Buy rating is maintained.
Read MoreThe broker retains its Buy rating and $34 target.
Read MoreThe Outperform rating and target price of $34.80 are retained.
Read MoreThe broker sees material medium-term growth opportunities. The target price eases to $28.38 from $29.86. Neutral.
Read MoreBreville has overcome supply chain and logistics disruptions to report strong earnings growth for the six months to December, with shareholders being duly rewarded.
Read MoreThe Neutral rating is retained and the target price decreases to $29.86 from $30.98.
Read MoreA successful 2020-21 for two Australian multinationals saw Sims Metal and Breville take different approaches to rewarding shareholders on Tuesday: one upped its dividend, the other slashed theirs.
Read MoreWhile appliance manufacturer Breville has raised eyebrows by cutting its first-half dividend by a third, protective equipment maker Ansell has chosen to raise its interim by 50%.
Read MoreMorgans expects a strong result, forecasting around 16% earnings (EBIT) growth and believes a strong first half outcome could make FY21 guidance look conservative. The Add rating and $29.18 target are unchanged.
Read MoreA big thumbs down from investors to what seems to have been a very solid 2019-20 set of figures from appliance distributor, Breville Group.
Read MoreCredit Suisse remains positive about the long-term growth prospects but the share price has appreciated over 160% since March. Therefore, this is considered a good opportunity to take a breather and the broker downgrades to Neutral from Outperform.
Read MoreBreville has benefited from the current home-focused environment while retaining global expansion potential. Morgans initiates coverage of the stock.
Read MoreMacquarie considers Breville an attractive long-term portfolio holding, given the extended growth potential for the business, but downgrades to Neutral from Outperform, given the strong re-rating of the stock.
Read MoreBreville Group’s equity raising provides flexibility and also enables the company to invest in international expansion and new product development, Credit Suisse notes.
Read MoreBillionaire retailer Solomon Lew surprised yesterday by revealing his Premier Investments had not taken up his entitlement in the capital raising by global small appliance manufacturer Breville.
Read MoreSam Twidale, Portfolio Manager for the DNR Capital Australian Emerging Companies Fund, explains why he believes recent volatility in equity markets has provided some excellent opportunities in the smaller cap sector.
Read MoreCapturing the outstanding long-term opportunities will require staying calm and committed to your investment process.
Read MoreShares in Breville, the small appliance maker and distributor surged more than 30% at one stage yesterday after it released a bullish half-year trading report and boosted full-year forecasts and interim dividend.
Read MoreBreville’s result was in line with the broker. Management expects FY earnings growth to be slightly higher than current market consensus of 11%, leading the broker to upgrade to 12.1%.
Read MoreShares in appliance maker and distributor Breville Group jumped more than 17% yesterday after the company revealed a very solid performance for the six months to the end of December and gave shareholders a nice boost.
Read MoreAfter the bloodbath yesterday in Telstra stock it was interesting that the lust to punish other companies wasn’t sustained, not after the stupid over reaction to CSL’s solid report and higher dividend on Wednesday.
Read MoreBreville (BRG) shares slumped 8% to a two-month low yesterday after directors and management said the current financial year would be “challenging”.
Read MoreBreville Group (BRG) shares edged higher in yesterday’s sell-off, despite a slightly disappointing result for the year to June.
Read MoreBreville Group (BRG) shares edged higher yesterday after the appliance maker ended a seven-month search for a new chief executive, with the company announcing it had appointed former LG and McKinsey executive Jim Clayton to the job.
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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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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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