It’s not hard to be a bit cynical about the hullabaloo yesterday and this morning about Coles’ $1.1 billion supermarket expansion plan for the next three years, with more than 16,000 jobs created.
Read MoreAGL (AGK) and Origin (ORG) were the biggest drags on the local market yesterday after the competition regulator rejected AGL’s bid for a major NSW state-owned asset.
Read MoreToy, clothing, confectionary and film group Funtastic (FUN) is one financial disaster that missed the reporting season which ended on Friday night.
Read MoreAs expected, the Reserve Bank left interest rates on hold with the cash rate steady on 2.5% – and no sign of any change in the foreseeable future.
Read MoreGold surged 2% to a four-month high overnight thanks to the escalating tensions between Ukraine and Russia and the other major powers.
Read MoreBelieve it or not, Transpacific Industries Group (TPI), the Australian waste management company, has managed to wring a small gain out of its New Zealand foray into the waste business by selling the business to a Chinese buyer.
Read MoreThe growing unease over Russia’s adventures in and around the Ukraine will be enough to get the Reserve Bank sitting on its hands at the March board meeting today.
Read MoreNow for one of the biggest weeks of economic data this year (it will be repeated three more times in 2014), with central banks meeting to consider monetary policy decisions (including the Reserve Bank), jobs reports in the US and Canada, economic growth data in Australia, and the tail end of profit reporting seasons in several markets.
Read MoreThe December half year and full year Australian corporate earnings season has ended and it’s been better than expected.
Read MoreFebruary may have ended with a bit of a fade on Friday as major markets closed the month on a weak to mixed note, but that didn’t detract from what was a very strong month, more than offsetting January’s slide.
Read MoreIf only all investors had the problems of Warren Buffett – 2013 was another year of "underperformance" compared with the 30% jump in the US market.
Read MoreIt wasn’t the most startling of results from Woolworths (WOW) this morning – more like one of fair to average quality with some good spots, and a couple of blemishes.
Read MoreUK commercial TV operator, ITV, has once again proved that the free to air TV model isn’t dead, dying or about to depart this mortal life.
Read MoreInvestors took the long handle to Transfield Services (TSE) shares yesterday after it revealed a weak result for the six months to December 31.
Read MoreThe huge publicity over the weak Qantas result and job cuts overshadowed a number of other weak reports and warnings yesterday. Transfield Service was one such weak reporter, while yesterday afternoon, a sharp profit downgrade warning from ALS, the country’s biggest testing group servicing the resources sector, was missed by many, but not all investors.
Read MoreInvestors made their views about yesterday’s Qantas (QAN) announcement very clear, and very quickly – they didn’t like it and sold off the shares by more than 8% at one stage, before they ended down 9% at $1.155.
Read MoreThe private investment figures released yesterday by the Australian Bureau of Statistics were very weak and suggest that from now on, investment is going to drag the economy down, not boost it.
Read MoreQantas (QAN) has confirmed that it will cut 5,000 jobs, sell leases on airport terminals and retire older passenger jets (something that should have been done well before now) in an attempt to regain profitability for the struggling airline.
Read MoreNow something must be wrong at Qantas (QAN) (and as we will see, Virgin Australia (VAH) tomorrow), if the latest results from their Trans Tasman rival, Air New Zealand (AIZ), are any guide.
Read MoreIt wasn’t the strongest of interim results produced by a leading company in the current reporting season, but Lend Lease (LLC) shareholders will receive an unchanged dividend, despite the company suffering a 16% fall in profit for the six months to December 2013.
Read MoreEngineering and mining services company, WorleyParsons (WOR) shares enjoyed a nice bounce yesterday after the company revealed its promised cost cuts and other management moves had stabilised its weakened profit situation.
Read MoreWotif.com (WTF) has cut its interim dividend after revealing an 18% fall in first-half earnings to $22.6 million, compared with $27.5 million in the first half of 2012-13.
Read MoreContrasting results yesterday from the world of bricks and mortar and online travel.
Read MoreThe two Westfield shopping mall companies revealed 2013 full year results in line with previous guidance this morning.
Read MoreSomething looks to be stirring in China – the country’s currency fell for a sixth day in a row yesterday, falling by the largest amount seen in 22 months.
Read MoreShares in the country’s largest private hospital operator, Ramsay Health Care (RHC) jumped to new all time highs yesterday after it boosted interim dividend and upgraded its earnings guidance for the 2014 financial year .
Read MoreInvestors didn’t like the apparently solid interim result from fund manager IOOF (IFL) and higher dividend.
Read MoreNo wonder the announcement by McPherson’s Ltd (MCP) of its 2013-14 interim profit was delayed a week to yesterday.
Read MoreAs forecast in last December’s shock downgrade, QBE Insurance (QBE) has turned in a loss of a quarter of a billion dollars for the year to December, sharply lower than the $US761 million earned in 2012.
Read MoreSteel maker BlueScope (BSL) has forecast little change in second half earnings after it reported a modest profit for the six months to December yesterday.
Read MoreShares in Patties Foods Ltd (PFL), the Four’n’Twenty pie and pastry products company, had jumped by more than 7% at the close yesterday after opening weaker in the wake of the release of its 2013-14 interim profit report.
Read MoreShares in Boart Longyear (BLY) fell more than 15% yesterday after the drilling company slumped to a full year net loss of $US620 million ($A691 million).
Read MoreBeach Energy (BPT) shares returned to levels last seen back in 2006 yesterday after releasing solid earnings for the six months to December, revealing a special dividend, and upgrading its full year production outlook.
Read MoreFor a second successive week, the Australian market was one of the stronger performers globally last week.
Read MoreAustralian earnings and private investment data will be major influences on local markets this week, while offshore, 4th quarter GDP data from a number of countries, plus the first survey results for Chinese manufacturing are due for release, while there’s be another appearance in the US from the new Fed chairman, Janet Yellen.
Read MoreThis is the last week of the December half 2013 earnings reporting season with 60 major companies due to report.
Read MoreThe National Australia Bank (NAB) has joined the trend of banks in reporting an uplift in cash earnings for the latter months of 2013.
Read MoreAs expected, Insurance Australia Group Limited (IAG) has joined the ever growing ranks of companies large and small boosting dividend payouts to shareholders.
Read MoreDespite a weak result, Fletcher Building (FBU), New Zealand’s biggest listed company, has joined the dividend boosting club with a small rise in its interim payment to shareholders.
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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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