Gold prices might have topped $US1,300 an ounce mark for the first time in more than three months overnight Thursday, but that rebound won’t help erase the flood of red ink from some of the world’s biggest miners which started flowing this week.
Read MoreSims Metal Management Limited (SGM) reported its first half results today. Underlying EBITDA of $129m up by 38% and Australasia EBITDA increased by over $30m due to stronger sales volumes. Net debt also reduced further to $121m.
Read MoreDJS reported it’s second quarter sales figures today. The group reported Total Sales Revenue of $618.1 million which is up by 4.7% from 2Q13. Online sales grew by 150% in the quarter and Like-for-Like (LFL) Sales also up 2.1%.
Read MoreTelstra (TLS) has lifted its 2013-14 interim dividend to 14.5c a share, up a whole half a cent, on the figure for the past few years.
Read MoreDomino’s Pizza Enterprises (DMP) has lifted dividend and upped its 2014 earnings growth forecasts as the company’s expansion into Japan late last year boosted sales and profits.
Read MoreNow, despite the relief heard around the world at the January trade figures from China yesterday, which were better than forecast, there are a couple of factors which need to be considered.
Read MoreA contrast between the old and the new in food was provided yesterday by the quarterly results of food manufacturer Goodman Fielder (GFF) (old and the poor result ) and Domino’s Pizza (DMP) (new and getting more mobile and online and good outcome). The market reactions to the results and commentaries tell the story – Goodman Fielder down, Domino’s up to a new all time high.
Read MoreConfirmation yesterday that 2013 was a slow motion train wreck (financially speaking) at OZ Minerals (OZL) which saw a $294 million loss and the departure of the CEO, but a final dividend declared.
Read MoreNote: This article was originally published on Oliver’s Insights on 12 February 2014 and has been republished with permission from the original author.
Read MoreThe Commonwealth Bank (CBA) has surprised with better than market forecast cash earnings of more than $4.2 billion, a record for the bank, with a 12% jump in interim payout to shareholders.
Read MoreMore evidence that the Australian economy is starting to do better than forecast by the Federal Government and many private economists with a solid finish to 2013 for home lending, another rise in house prices, a fall in bad debts at the ANZ bank and another upbeat report on business conditions from the NAB’s monthly survey for January.
Read MoreInvestors gave metal basher Bradken (BKN) a right old hammering yesterday after it apparently (in the minds of investors) under-delivered on the interim profit and the 2014 full year forecast.
Read MoreCochlear (COH) was another company given a pounding yesterday from investors upset at what was in the interim profit report, even though much of the bad news was already in the market.
Read MoreBlood and plasma products and vaccines maker CSL (CSL) reported its half year numbers today. The CSL Group reported a 3.7% rise in sales with total revenue (includes royalties) increasing by 4.8% to US$2.574 billion.
Read MoreCopper and gold miner Oz Minerals has posted a net loss of almost $300 million compared to a $152 profit previously. OZL announced a final dividend of 10 cents per share and that the board has commenced a search for a new CEO.
Read MoreSmall engineering and mining services group Coffey International (COF) was an unlikely "first cuckoo of spring" for the sector yesterday when it revealed that nothing had really changed in the sector in the past few months.
Read MoreRegional Express (REX) shares crashed 11% to a low of 79.5c yesterday and closed not much higher on 80.5c after the company’s lurid warning in a profit downgrade on Friday night.
Read MoreTwo small caps saw their shares given a whacking in yesterday’s generally solid market.
Read MoreSo why is competition such a dirty world for large parts of Australian business?
Read MoreThe world’s largest hearing implant maker Cochlear Limited (COH) has posted a 73% fall in first half profit and has also lowered its full year guidance, sending its share price tumbling during Tuesday’s trade.
Read MoreAnother big week in Australia ahead to be dominated by the jobs report for January, and the first major week of December half and full year reporting companies, led by the Commonwealth Bank, Telstra and Rio Tinto.
Read MoreYes, the Reserve Bank reckons the outlook for the Australian economy has improved since late last year – something we have already remarked upon given the better data flow in the past two to three weeks.
Read MoreFor a week that started so terribly with that huge fall on Monday (and a couple of more days in Australia), last week ended on a surprisingly upbeat note, especially in the US.
Read MoreNote: This article was originally published on Oliver’s Insights on 6 February 2014 and has been republished with permission from the original author.
Read MoreAustralians don’t seem to be gambling as much, judging by the interim results of Echo Entertainment (EGP) on Wednesday and its former stablemate, Tabcorp (TAH), yesterday.
Read MoreMore evidence yesterday that the economy is doing better than many analysts and consumers think it is.
Read MoreLeading retailer, Woolworths (WOW) is on track for another record profit of more than $2.5 billion this year after reporting solid second quarter and half year sales figures yesterday.
Read MoreVirgin (VAH) is going to lose money for the December half, and almost certainly for 2013-14. It will therefore join Qantas (QAN) in revealing a surge in red ink across its accounts.
Read MoreThe strong result we reported this week from REA Group, 62% owned by News Corp, plus a full three months contribution from Fox Sports Australia, helped turn the December quarter results for Rupert Murdoch’s other company from a nasty slide, into a merely hiccup caused mostly by another poor quarter for the group’s struggling Australian newspapers.
Read MoreThe first year as a company without its newspapers is proving to be a bit more difficult financially than it seemed a year ago, according to the second quarter and first half financial report from Rupert Murdoch’s 21st Century Fox. Higher costs and spending on new cable networks in the US and Asia and weak returns from the company’s movie and US free to air TV businesses, have forced management into lowering a profit guidance for the full year.
Read MoreMarket talk, or market sulk? Or has the Qantas (QAN) disease spread to its rival, Virgin Australia Holdings (VAH)?
Read MoreFor some reason, the news that former Fairfax CEO and leading NZ businessman David Kirk had been appointed chairman of clothing retailer Kathamandu (KMD) didn’t please the market.
Read MoreShares in casino operator Echo Entertainment (EGP) fell to a new all time low yesterday in the wake of the surprise resignation of CEO John Redmond and his departure back to the US, as well as a weak interim profit report.
Read MoreDon’t take the rise in the value of the Aussie dollar in the past day or so as anything more than a market-driven correction as a bunch of smarty pants speculators trying to save their bets against the currency in the face of Tuesday’s major change in policy from the Reserve Bank.
Read MoreTold you Monday morning, that there would be no more interest rate cuts from the Reserve Bank and that not only would rates remain steady for some time, that the next move would be up – whenever.
Read MoreWell, well, things are looking up for shareholders in Sydney-based engineering group Downer EDI (DOW).
Read MoreNow this will make the profit starved News Corp grin – REA Group (REA), its 62% Australian digital property play, has boosted earnings 37% and interim dividend by 38% for the six months to December.
Read MoreNote: This article was originally published on Oliver’s Insights on January 28, 2014 and has been republished with permission from the original author.
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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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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 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 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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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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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 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 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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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 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 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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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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