First half results revealed solid margins and steady sales and Deutsche Bank observes the recently-acquired Macpac business produced a good result that reflects significant investment undertaken in the supply chain over the last 2-3 years.
Read MoreWell, that sort of went over like a lead balloon. What looks like to have been an attempt by Super Retail group to spin the bad news of a $34 million underpayment with staff with most of the interim financial results yesterday flopped, judging by the way the shares traded through the session.
Read MoreSuper Retail Group, which owns Rebel Sport and Supercheap Auto has looked inside the company for a replacement for the long-standing CEO, Peter Birtles, who is about to retire.
Read MoreIt was a kneejerk reaction no doubt, but the 10% plus slide in the price of Super Retail Group shares yesterday almost took them into correction territory in one go.
Read MoreSuper Retail Group’s share hit year highs yesterday, soaring 14% in early trading after beating the markets’ forecasts on full-year profit and revealing a strong trading update for the new financial year.
Read MoreIn an effort to bury its poorly performing business Ray’s outdoor business, Super Retail Group will spend $135 million in buying a Kiwi-based rival and bury it via a merger.
Read MoreSupercheap Auto and the Rebel/Amart Sports owner Super Retail Group had an odd complaint yesterday – the company told the annual meeting in Brisbane that says sales growth has been slightly dampened by soft consumer spending.
Read MoreInvestors gave Super Retail Group a big thumbs up yesterday for deciding to rebrand its 65-store Amart sporting goods chain as the more upmarket Rebel making a total chain of more than 150 outlets.
Read MoreSuper Retail Group (SUL) says it had made a solid start to the 2017 financial year, with profit in line with budget, but its core car products and tool group, the foundation Supercheap Auto chain, is feeling the pinch from the wind down of the failed Masters chain of hardware stores by Woolworths (WOW).
Read MoreBrisbane-based Super Auto Group (SUL) will pay a higher dividend after a solid, but unspectacular performance in the six months to December.
Read MoreShares in Super Retail Group (SUL) hit a two month high yesterday with a trading update at the annual meeting that was on the whole upbeat. But there was confirmation the company is at least aiming to match the 2014-15 profit margins (before write-offs).
Read MoreIt was something of a relief rally in the shares of Super Retail Group (SUL) yesterday as the company reported a fall in earnings and took restructuring costs in Australia designed to put some pep into sales and earnings growth.
Read MoreEven though shares in Super Retail Group (SUL) leapt yesterday after the company reported solid quarterly sales results at the annual meeting in Brisbane, there were a couple of lingering problems that enthusiastic investors seemingly overlooked.
Read MoreShares in automotive, sports and leisure retailer. the Super Retail Group (SUL), enjoyed a solid bounce yesterday after the company forecast modest growth in the current half after a rough end to 2013-14.
Read MoreShares in Super Retail Group (SUL) were dealt with rather generously yesterday by investors after it revealed its third earnings downgrade this year.
Read MoreDespite that shock update downgrading profit last month – a forecast that wasn’t met yesterday with earnings lower than forecast, Brisbane-based Super Retail Group (SUL) has boosted interim dividend.
Read MoreThe most important update so far for 2013-14 came last Friday in the surprise news from Super Retail Group (SUL) that earnings and sales would be lower and slower than previously expected, thanks to a combination of reasons including reluctant consumers and some IT problems in the merging of the group’s existing business with the Rebel sportsgood operations bought over a year ago.
Read MoreShares in Super Cheap Retail Group (SUL) dipped nearly 3% yesterday despite an upbeat outlook at the company’s AGM.
Read MoreIt’s not often we see a ‘bet the company’ type of deal, but yesterday we got one with the surprise move by Super Retail Group to buy top sports retailer Rebel Group for $610 million from private equity firm Archer Capital.
Read MoreSuper Cheap Auto Group is to expand deeper into the outdoor leisure sector with the $54 million purchase of rival operator, Ray’s Outdoors.
Read MoreA near doubling in sales revenue from its growing BCF (Boating, Camping Fishing) division has helped Supercheap Auto Group to a near 17% increase in first quarter sales
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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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