New Hope (NHC), the coal mining associate of the Brickworks (BKW) – Soul Pattinson (SOL) group of companies, has warned of another year ahead of weak sales, prices and earnings after posting a sharply lower profit for the year to July.
Read MoreShares in TPG Telecom (TPM), 27.7% owned by Washington Soul Pattinson, jumped nearly 12% in yesterday’s lacklustre market after it reported a sharp rise in profit for 2012-13 and faster than expected subscriber growth.
Read MoreRetail investors own around half of the big four banks – Westpac, ANZ, CBA and NAB – for that reason alone, they had better start noticing the start of the crackdown on home lending from the country’s two main bank regulators – the Reserve Bank and APRA.
Read MoreSigns of life in the shares of rare earth hopeful, Lynas Corporation (LYC), which closed up more than 6% yesterday after it revealed some mildly encouraging news.
Read MoreWestfield (WDC) brought itself a bit more market favour yesterday with a $US1.6 billion restructuring of its international shopping centre portfolio, the third such move this year.
Read MoreThe local market hit new five year highs yesterday and the Aussie dollar scampered back over the 93 USc level and almost reached 94c after senior US economist and policymaker Larry Summers ruled himself out of the race to replace Ben Bernnake as head of the US Federal Reserve from early 2014.
Read MoreLike gold and other markets, shares will be driven by sentiment about the Fed’s expected easing.
Read MoreNow for the biggest week of the year for investors and markets around the world with the US Federal Reserve set to start cutting its $US85 billion a month of stimulatory spending.
Read MoreAfter the sharp sell-off late last week, gold faces another moment of truth with this week’s two-day meeting of the US Federal Reserve which is expected to start cutting the size of the $US85 billion a month in spending that has supported financial markets and economies around the world, especially America’s.
Read MoreWell, not good news from the labour market yesterday with the highest level of unemployment since the late 1990s the unemployment rate at a four year high and the key participation rate at a multi year low.
Read MoreCan a $319 million bid bring about a mega merger in Australian food and get through what will be a close examination by the competition regulator, ACCC?
Read MoreMore moaning from Myer (MYR) CEO Bernie Brooks yesterday about the impact of high wages, rents, taxes, online purchases and utility costs on the retailer as he tried to explain an unexpected 8.7% fall in net profit, to $127 million for the year to July 27.
Read MoreShares in salary packaging company McMillan Shakespeare (MMS) recovered some of this week’s 6.1% sell-off yesterday after the company spoke to the investment community for the first time in six weeks.
Read MoreGold prices are under pressure as the market wonders what will happen to the price of the precious metal after next week’s two day meeting of the US Federal Reserve which is expected to start reducing its current round of quantitative easing.
Read MoreA weak result for the 2012-13 year has caught up with the CEO of small Victorian food group Patties Foods (PFL) which owns the iconic Herbert Adams and Nanna Pies brands.
Read MoreAnother life for struggling rural group, Elders (ELD) with news its banks have given it new finance facilities totaling up to $414 million, but at the cost of finding $25 million in new cost cuts.
Read MoreStruggling food group, Goodman Fielder (GFF) should no longer be described as being ‘struggling‘ as the 2012-13 result reveals a company that is now well into a recovery phase with improving prospects, which is a long way from the way it looked a couple of years ago as it faced tough trading conditions, aggressive retailing customers and high raw material costs, not to mention the pressure of the high Australian dollar.
Read MoreCSL was another major company whose shares were sold down yesterday, despite the group reporting a very solid full year profit and a higher dividend.
Read MoreBy the close of trading yesterday investors seemed to be getting over their little hissy fit about the Commonwealth Bank’s (CBA) record $7.82 billion cash net after tax profit for the 12 months to June 30.
Read MoreYou have to be a bit cynical about the result property group Stockland (SGP) released to the market yesterday, showing a 78% drop in full year profit.
Read MoreAustralian-listed pizza company, Domino’s (DMP) will spend more than $235 million to take over its Japanese-based sister company after reporting a solid 2012-13 result and lifting dividend.
Read MoreThere was plenty to take away from the full year result from engineer and metal basher, Bradken (BKN).
Read MoreThe bad news keeps on coming for Newcrest Mining (NCM), but the market ignored the latest bout yesterday.
Read MoreThe reasons for the divorce at engineer and services group, UGL are no different to the separations seen in the Murdoch media empire, at Amcor, the old Fosters, Brambles or a host of other companies.
Read MoreContrary to the prevailing wisdom that retailing is a black hole and everyone is doing it tough, JB Hi Fi (JBH) confirmed that its surprise early May update of better than expected sales growth, had resulted in better than expected profit growth.
Read MoreSurprisingly, our market ended up ignoring the goodish Chinese economic data and last Tuesday’s rate cut from the Reserve Bank and finished the week lower.
Read MoreThe Australian reporting season steps up this week with a host of major corporates reporting.
Read MoreDespite new concerns offshore about the ending of the US Federal Reserve’s easing program damaging market confidence and sending interest rates higher, the Australian dollar had its best week for two months last week.
Read MoreIn this low interest, yield hungry environment, only one thing matters for most investors in Telstra (TLS), and that’s the dividend. It’s again 28c for the financial year to June, but more importantly it could increase next year, with the interim announcement next February.
Read MoreMarkets in Australia were left a trifle confused by the combination of weak jobs data for July, and reasonable trade data from China for the same month.
Read MoreAnother messy result from Rio Tinto for the six months to June 30, with more write-offs which reduced the already weak pre-tax earnings figures; a decision to abandon trying to sell its weakest aluminium assets; with the only good news, another lift in dividend to keep shareholders happy.
Read MoreThe slow recovery in the housing sector continued in June, but it was mostly driven by people wanting finance to buy existing homes, rather than by people wanting to build or buy new homes.
Read MoreIt will have little meaning for most Australian investors, but the first annual results of the newly created 21st Century Fox Group of Rupert Murdoch clearly shows why he ended up driving the split in his empire into a content business and the old, analogue print business (with Australian pay TV assets) called News Corporation.
Read MoreShares in consumer finance group FlexiGroup (FXL) didn’t find the weak retail environment, especially for consumer electricals such as computers, a barrier to improving 2012-13 earnings.
Read MoreA reborn company in Downer EDI (DOW) yesterday with a strong rise in profit, but it faces more woes in the year ahead in its mining services business, and not the usual headaches usually found in its rail contract to supply Waratah passenger train sets to the Sydney suburban system.
Read MoreAs expected, the Reserve Bank cut interest rates by 0.25% to a new low of 2.50% yesterday and left us up in the air about whether there might be another one.
Read MoreDespite the expected dip in profits in the year to June, shareholders in Cochlear Ltd (COH) will receive a slightly higher final dividend, on top of the raised interim.
Read MoreIf APA Holdings wants to takeover Envestra (ENV), it will have to make a realistic offer after the initial $1.98 billion share and cash offer was rejected yesterday.
Read MoreAdelaide investment company Argo Investments (ARG) remains well cashed up, with no debt to take advantage of opportunities in the year ahead after reporting a 5% rise in net profit yesterday for the June 30 year, and a small improvement in dividend.
Read MoreVirgin Australia (VAH) yesterday presented investors with the bill for its aggressive expansion plan and marketing blitz and it wasn’t pretty – a loss for the year to June 30 of possibly $110 million against a profit for 2011-12 of $23 million.
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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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