GPT Group (ASX:GPT) has found itself grappling with the ramifications of the downturn in commercial real estate. While this downturn has dealt a significant blow to the industry at large, GPT has managed to soften its losses to some extent, thanks to its substantial exposure in the retail sector.
Read MoreGPT says it is on track for an inflation-busting rise in distributions thanks to a strong recovery in some of its key businesses – especially retail – in the past couple of months.
Read MoreThe year to December 2021 was a case of marking time for GPT, with no real growth in revenue, earnings or distribution – but management has high hopes for 2022 and beyond.
Read MoreThe axe has been wielded at leading office, shopping centre and logistics property group GPT, with a significant restructure and the loss of several senior executives in the fallout.
Read MoreGPT is continuing its shift away from CBS office towers and destination shopping malls, expanding its push deeper into logistics to $4.1 billion.
Read MoreNeutral rating maintained. Target rises to $5.00 from $4.80.
Read MoreFor the second year in a row, Covid has forced GPT, the big CBD property and shopping mall owner and investor, to withdraw its full year earnings guidance and distribution forecast.
Read MoreDespite the upbeat commentary across all its sectors and “strengthening” operating environment, a late selloff saw GPT shares finish Thursday’s trading session marginally weaker.
Read MoreA bullish third quarter update from property owner and investor GPT with upbeat commentary across all its sectors as the post-pandemic economic recovery continues.
Read MoreNeutral rating with the target rising to $4.80 from $4.55.
Read MoreSoft applause from investors for the first earnings and distribution guidance for a year from GPT as it emerges from the shadow of uncertainty caused by Covid and the lockdowns.
Read MoreA “challenging year” for property giant GPT has forced it to make huge writedowns and cut its dividend by more than 25% from the previous period.
Read More2020 will always be remembered as the year of COVID-19 and lockdowns: a rollercoaster ride for anyone monitoring their investments, a nightmare scenario for anyone relying on dividend income.
Read MoreIt is only one deal and it is only the sale of an equity interest in one CBD building in Sydney, but seeing it’s being done by GPT, one of the country’s major office building owners and managers, it will be treated as a potential signal that 2021 could be a turning point and signal the start of a tough period for this property class in the wake of the COVID-19 pandemic and the changes it is forcing on economic activity.
Read MoreGiven GPT Group’s relatively high exposure to Victoria, Credit Suisse suspects part of its recent rally could be on the back of the re-opening.
Read MoreGPT, the diversified property trust, has slashed interim distribution 29% for the six months to June thanks to the impact of COVID-19 and lockdowns and massive impairment losses on its property portfolio.
Read MoreProperty giant GPT Group has joined Vicinity Centres in writing down the value of its shopping centres. GPT joined Vicinity with more than half a billion dollars in preliminary cuts with the final figure to be released in August after a further revaluation on June 30.
Read MoreFirst-half results were below UBS estimates, with the variance related to development profits and retail income. Guidance for 2019 is unchanged.
Read MoreProperty investor and manager, GPT Group has lifted its forecast returns a touch for the 2019 financial year (ending December 31) after reporting a solid set of results for the year to last December.
Read MoreGPT Group has delivered a net profit after tax of $752.3 million, an increase of 28.3%.
Read MoreIt has quickly become one of the financial ‘soap operas’ of 2016 – the battle for control of GPT Metro Office Fund between Centuria Metropolitan REIT and Growthpoint Properties Australia.
Read MoreWill GPT now turn its attention to making a firm, higher offer for the investment, commercial and industrial property assets of Singapore-controlled Australand after selling its half share in the Erina Fair shopping mall on the NSW central Coast for $397 million?
Read MoreThere seems to be life after the credit crunch and recession for GPT.
Read MoreThe property sector has long been the Achilles heel of Australian banking and investment, from the big guys, to the little investor.
Read MoreNot a word about the outlook for 2009, The management of GPT is still too busy dealing with the realities of 2008 and the damage done by the credit crunch.
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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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