Priceline Pharmacy owner Australian Pharmaceutical Industries expects first-half earnings from its retail operations to fall because of store closures in Melbourne and parts of Sydney in late 2020 and this month.
Read MoreThe online retailing boom continues to show up in trading updates from major chains, with JB Hi-Fi and Super Retail Group’s December 30 half year updates showing big gains, albeit slightly slower than in the closing months of the June 30, 2019-20 year.
Read MoreWhile the final retail figures for November show turnover increased by 7.1% compared to first estimate in December of a 7% rise, another stunning performance by the online sector stood out.
Read MoreShares in shoe retailer Accent Group ended the week up 6.5% after it revealed a sharp upgrade to December half year revenue and earnings which puts it on track to surpass 2019-20’s full year figures.
Read MoreNick Scali (ASX: NCK) says it expects unaudited net profit for the period to December 31 to come in at $40.5 million, nearly double the same time last year
Read MoreThe preliminary retail sales data for November on Tuesday helps explain why a number of retailers continue to provide larger than expected sales growth updates.
Read MoreAnother surge in the shares of Beacon Lighting as the pandemic-driven boom in home renovations and building will see the record end the first half of 2020-21 with record sales and earnings.
Read MoreSolid online sales continue to help jewellery retailer Michael Hill to survive the continuing vicissitudes of the coronavirus pandemic here and offshore.
Read MoreMetcash’s businesses are expected to continue to grow at healthy rates despite an easing of the boom delivered by pandemic restrictions
Read MoreInvestors in online retailer, Kogan ignored an embarrassing $350,000 penalty from the Federal Court on Monday and pushed up the share price by 3.8% to $18.04.
Read MoreThe country’s third retail force, Metcash has given shareholders a nice pre-Christmas reward with a 33% lift in interim payout after the supermarket, liquor and hardware group revealed one of its strongest-ever half-yearly results, with the company’s underlying earnings surging 43% in the six months to October 31.
Read MoreThe retail boom is still happening as official figures confirm the updates from retailers large and small in the past few months. Confirmation of the continuing boom came last Friday that Australian retail turnover rose a solid, seasonally adjusted 1.4% in October with the re-opening of Victoria playing the major part in continuing the strong pace of consumption reported in the September quarter GDP report last week.
Read MoreThe CEO of the NZ-based Kathmandu is set to leave the company to take the job as CEO of Austrade for the Australian government in what is a major surprise. Investors took fright on the news and the shares fell 5.3% to $1.16 in a completely understandable bout of nerves by the market.
Read MoreInvestors didn’t like the first quarter sales update from outdoor and adventure wear retailer, Kathmandu despite some big numbers. The shares lost more than 4% to end the day at $1.265, despite topline sales rising 72% in the first quarter (to the end of October) as the contribution from the Rip Curl acquisition really kicked in.
Read MoreThe early months of 2020-21 have seen earnings for Harvey Norman continue their strength from the final quarters of 2019-20 as the ripples of the surge in consumer spending in the COVID-lockdowns continues.
Read MoreThe fortunes of Wesfarmers are increasingly tied (and the share price for that matter) to the performance of its Bunnings hardware chain, judging by the latest trading update for the Perth based giant.
Read MoreA stunning 43% jump in the share price of the Paris-based owner of the Westfield international shopping malls, Unibail-Rodmaco-Westfield (URW) on Tuesday stunned investors after it became known that a multi-billion dollar share issue had been rejected by shareholders.
Read MoreWoolworths said a switch to eating at home and online shopping powered a 12.3% rise in first-quarter sales compared to the prior corresponding period, a better outcome than the 10.7% rise reported last week by rival Coles.
Read MoreRetail sales volumes rose a record 6.5%, according to Wednesday’s September retail sales report from the Australian Bureau of Statistics. But for the good news on consumption for the quarter and the slightly less worse experience in September, the latest payroll and wages data suggests a continuing slow down in employment and incomes.
Read MoreMore problems in US retailing with two big mall owners finally going broke on Sunday as the second and third wave of COVID-19 infections sweep across the country.
Read MoreLovisa told the ASX it had temporarily closed all 24 of its stores in France and 40 in the United Kingdom after governments reintroduced new lockdowns to try and control the latest wave of COVID-19 infections.
Read MoreWith consumer expenditure confined to local leisure and domestic pursuits, Super Retail was expected to do well in the first quarter. To what extent will this continue?
Read MoreAs it did in the closing months of 2019-20 with a surge in sales from stuck home customers, JB Hi-Fi says it has seen more of the same so far in 2020-21.
Read MoreMosaic Brands had a strange update yesterday for the AGM – it was more about store closures than new details on how the company was trading.
Read MoreTwo more bullish trading updates for the start of the 20120-21 financial year from retailers Nick Scali and Adairs.
Read MoreThe operator of the Priceline and Soul Pattinson pharmacy chain revealed a $7.9 million loss for the year to September 30, a result driven by the impact of lockdowns and other social distancing moves in the March to July periods, plus the later lockdown in Victoria.
Read MoreAnother solid update from online furniture and homewares retailer Temple & Webster yesterday didn’t help the share price of the boom group – they fell more than 17% because silly investors wanted more than was announced.
Read MoreAnnual growth in retail sales is slowing, despite a spate of upbeat updates for the September quarter from a number of small groups, especially online specialists.
Read MoreShares in jewellery retailer Lovisa eased a touch yesterday even though the company revealed an improvement in first-quarter sales performance.
Read MoreShares in automotive parts retailer and wholesaler, Bapcor have jumped to a record high after the release of its first-quarter update which showed Australians are spending more keeping their existing cars roadworthy and going.
Read MoreThe Premier Investments suite of retail businesses are resilient, with online anincreasingly crucial driver of sales going forward.
Read MoreNo dividends for the 2019-20 financial year for shareholders in retailer Kathmandu. The pandemic and lockdowns also meant the company got no real benefits from its expensive purchase of Rip Curl in 2019 though that did help boost revenues for the year to July 31.
Read MoreYes, as forecast Victoria’s lockdowns hit retail sales in August, knocking them lower, but what did surprise was the fall in the month outside that state as the retail boom seemingly slowed. And you can be certain the lockdowns will have a similar impact in September, but will sales outside Victoria also fall for another month?
Read MoreAnother very strong sales and profit update from retailer Harvey Norman with the company revealing double-digit growth through the first quarter of 2020-21 as consumers continue to spend heavily.
Read MoreShares in women’s fashionwear retailer City Chic fell more than 15% yesterday at one stage as investors took fright at the news it had missed out on a major deal in the US.
Read MoreCredit rating group, Moody’s sees Australia’s major supermarket chains – Woolies and Coles having a solid first half of the 2012-21 financial year, thanks to the continuing threat from COVID-19.
Read MoreConsumers shopped in larger quantities, less frequently and increasingly online during the height of the nationwide lockdowns. The question now is: which trends will persist and which stocks will benefit as restrictions ease?
Read MoreThe strong growth in retail sales in July was confirmed on Friday by the Australian Bureau of Statistics which reported a rise of 3.2%, seasonally adjusted from June. This updated the preliminary report of a 3.3% rise published by the Bureau on August 21 and was faster than the 2.7% rise in June.
Read MoreEmbattled women’s wear retailer Mosaic Group has settled its nasty rental standoff with Australia’s largest retail landlord that saw it locked out of 129 of its stores in Westfield’s malls two weeks ago.
Read MoreAs expected Australia’s largest shopping mall owner Scentre Group (owner of the Westfield chain of shopping malls) has reported a massive loss for the six months to June 30 after a savage write down in the value of its centres brought on by COVID-19.
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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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