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Tag: ABC

Broker News

ABC – UBS rates the stock as Neutral

May 6, 2022 - by Broker News

The Neutral rating is retained as well as the target price of $3.25 

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Broker News

ABC – Morgan Stanley rates the stock as Equal-weight

April 14, 2022 - by Broker News

Morgan Stanley downgrades its rating for AdBri to Equal-weight from Overweight. The target price falls to $3.40 from $3.60

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Broker News

ABC – Credit Suisse rates the stock as Neutral

February 28, 2022 - by Broker News

Target price rises to $3.40 from $3. Neutral rating retained.

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Broker News

ABC – UBS rates the stock as Neutral

January 18, 2022 - by Broker News

Neutral rating retained. Price target $3.50. No changes made to forecasts.

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Markets / Shares

Adbri Cements Solid Result

February 23, 2021February 23, 2021 - by Glenn Dyer

Adelaide based cement maker, Adbri doubled its full-year profit to $93.7 million but slashed dividends as it plans a heavy spending year ahead.

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Broker News

ABC – Morgans rates the stock as Hold

December 18, 2020 - by Broker News

Adbri will invest $199m over FY21-23 to consolidate its WA cement production into a single state-of-the-art facility. Morgans lifts FY24 earnings (EBITDA) by $19m. Target price is $3.16.

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Broker News

ABC – Morgan Stanley rates the stock as Overweight

August 27, 2020 - by Broker News

Adbri’s first-half revenues, impacted by bushfires and lower residential demand were -7% versus last year. Operating income was ahead of Morgan Stanley’s estimate by 11%. A dividend of 4.75c was declared.

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Broker News

ABC – Morgan Stanley rates the stock as Equal-weight

April 3, 2020 - by Broker News

The company has withdrawn guidance for 2020, given the uncertainty regarding the pandemic impact. Net profit had been expected to be -10% below the prior year.

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Shares / Strategy

Good And Bad News For Value Investors

March 23, 2020March 25, 2020 - by Anthony Aboud

Despite the prevalence of bad news stories and a sea of red across stock screens, Perpetual’s Anthony Aboud argues it’s not all bad news.

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Shares

Weak Construction Market Weighs On Adelaide Brighton

February 27, 2020February 27, 2020 - by Glenn Dyer

Cement and concrete group, Adelaide Brighton has confirmed its mid-year downgrade to revenue and earnings and sliced dividend for 2019, and warned of a 10% slide in earnings this financial year (which ends on December 31).

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Shares

ACCC Clears Barro Stake In Adelaide Brighton

January 31, 2020January 30, 2020 - by Glenn Dyer

The ACCC has cleared the completed creeping acquisition of a 43% stake in Adelaide Brighton (ABC) by Barro Group and its related entities.

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Broker News

ABC – UBS rates the stock as Sell

August 29, 2019August 29, 2019 - by Broker News

First-half results were in line with expectations, given recent guidance. The results were affected by lower volumes and margin pressure as a result of the contraction in residential activity.

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Shares

Adelaide Brighton Confirms Hit From Construction Slump

August 29, 2019August 28, 2019 - by Glenn Dyer

Like Caltex’s big earnings fall reported on Tuesday, the half-year earnings report yesterday from Adelaide and Brighton (AdBri) and its loss had been well telegraphed by earlier trading and earnings downgrades.

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Broker News

ABC – Macquarie rates the stock as Downgrade to Neutral from Outperform

August 1, 2019 - by Broker News

Macquarie had already set its forecasts below Adelaide Brighton’s prior guidance range on concerns over Queensland demand, but new guidance is lower still, given weak demand in SA and Victoria as well, leading the broker to cut forecasts a further -22%.

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Shares

Cracks Widen In Adelaide Brighton Outlook

August 1, 2019July 31, 2019 - by Glenn Dyer

Shares in cement manufacturer Adelaide Brighton took another hammering yesterday after it again cut its earnings forecast for 2019 and scrapped its interim dividend.

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Markets / Property / Shares

East Coast Infrastructure: Worst Boom Ever?

July 10, 2019August 5, 2019 - by Liam Donohue

While many listed companies have rolled out charts showing a mountain of work available, the infrastructure boom may not be the gift to Australian contractors the market is assuming.

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Broker News

ABC – Macquarie rates the stock as Neutral

May 10, 2019 - by Broker News

Adelaide Brighton has downgraded FY profit guidance by -10-15% due to weak demand in residential construction, insufficiently offset by a lower exposure to infrastructure, falling cement/concrete prices in Qld which the broker sees going lower, and competition in South Australia.

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Shares

Housing Downturn Cracks Adelaide Brighton

May 10, 2019May 9, 2019 - by Glenn Dyer

Just as we saw with CSR earlier this week and other suppliers to the building sector (such as Brickworks’ core brick-making operations) and Fletcher Building products which is looking to revamp its Australian operations in the face of weakening demand, cement maker, Adelaide Brighton is now feeling similar financial pain.

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Broker News

ABC – Morgan Stanley rates the stock as Equal-weight

March 1, 2019 - by Broker News

Morgan Stanley believes the 2018 performance was in-line, but the outlook is suggesting much tougher times lay ahead. The latter is seen at odds with the stock’s premium valuation, suggesting weakness needs to follow to pull ABC stock back in line with its peers.

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Shares

Adelaide Brighton In Profit Warning

December 10, 2018December 9, 2018 - by Glenn Dyer

Shares in cement maker Adelaide Brighton Ltd slid more than 9% on Friday to a 29-month low after it became yet another industrial company to downgrade earnings for 2018 or 2019.

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Shares

AdBri Investigates ‘Hidden’ Underpayments

November 14, 2017 - by Glenn Dyer

Adelaide Brighton shareholders were remarkably relaxed about the news yesterday of a bad debts problem that could end up as $14 million earnings downgrade for 2017.

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Shares

Adelaide Brighton Builds Solid Result

May 26, 2017 - by Glenn Dyer

No worries about the slowing housing sector for the country’s biggest cement maker, Adelaide Brighton.

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Shares

Adelaide Brighton Lifts Payout

September 1, 2016 - by Glenn Dyer

Shareholders in Adelaide Brighton (ABC) will receive a small lift in interim dividend, and a much bigger surprise, a special four cents a share payout after reporting a modest 7.8% rise in net profit after tax for the six months to June 30.

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Shares

Housing Boom Lifts Adelaide Brighton

February 26, 2016 - by Glenn Dyer

There was a full basket of goodies for shareholders in yesterday’s full year figures for 2015 from building materials group Adelaide Brighton (ABC).

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Shares

Building Boom Boosts Adelaide Brighton

February 26, 2015 - by Glenn Dyer

The home building boom seems to have helped cement maker Adelaide Brighton (ABC) to new record profits and revenue figures for the 2014 financial year, which wrapped up on December 31.

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Shares

Adelaide Brighton Restarts DRP After Mixed Result

August 29, 2014 - by Glenn Dyer

South Australian based cement and concrete maker Adelaide Brighton (ABC) has maintained its interim dividend at 7.5c a share fully franked for the six months to June after reporting a very mixed set of figures.

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Shares

No Building Boom At Adelaide Brighton

May 22, 2014 - by Glenn Dyer

Over in Adelaide yesterday there was a reminder than not all building supply companies are benefitting from the rebound in housing.

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Shares

Slow Construction Demand Hits Adbri Bottom Line

May 23, 2013 - by Glenn Dyer

But for cement group Adelaide Brighton (ABC) weakness in the construction sector meant bad news for shareholders at yesterday’s AGM.

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Shares

AGMs: Adelaide Brighton Sees Flat Year

May 19, 2011 - by Glenn Dyer

With housing and construction on the east coast weak (but the mining industry growing quickly, with more to come), cement and lime manufacturer Adelaide Brighton isn’t looking to a breakout year.

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Shares

Adelaide Brighton Makes A Concrete Deal

December 11, 2007 - by Glenn Dyer

Concrete maker, Adelaide Brighton Ltd (ABC) rose 2 cents to $3.87 today after the company said it has acquires a 50% share of Mawsons, a concrete and quarry business operating in regional Victoria and southern New South Wales.

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  • TPG – Macquarie rates the stock as Outperform
  • MTS – UBS rates the stock as Buy

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4Q 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.

    SMSFBrokerFinancial Adviser

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    Signs 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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      Strategic Vanadium-battery growth with Titanium & Iron earnings resiliency

      TNG 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 rise

        Two 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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          Biopharmas Hit, but Buying Opportunities Created

          The news being reported about the performance of biotechnology has been dour, to say the least, for some time now. Those dour articles have been deserved with the iShares Biotechnology Exchange-Traded Fund down 25% and the SPDR® S&P® Biotech ETF is down 45% from their highs. However, those articles are backward-looking, and successful investors need to be looking forward.

          Recently, however, an article in Nature Reviews Drug Discovery caught our eye which we believe should point the way forward for the vast majority of Australian biotechnology investors. This article indicates that, at least, two companies, Antisense Therapeutics (ANP) and Kazia Therapeutics (KZA), are right in the sweet spot in terms of the future of drug development.

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            Biopharmas Hit, but Buying Opportunities Created

            The news being reported about the performance of biotechnology has been dour, to say the least, for some time now. Those dour articles have been deserved with the iShares Biotechnology Exchange-Traded Fund down 25% and the SPDR® S&P® Biotech ETF is down 45% from their highs. However, those articles are backward-looking, and successful investors need to be looking forward.

            Recently, however, an article in Nature Reviews Drug Discovery caught our eye which we believe should point the way forward for the vast majority of Australian biotechnology investors. This article indicates that, at least, two companies, Antisense Therapeutics (ANP) and Kazia Therapeutics (KZA), are right in the sweet spot in terms of the future of drug development.

              SMSFBrokerFinancial Adviser

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              Coal prices up, debt down – It’s payback time

              Strong 1H22 but the real story unfolds in 2H22.

              TerraCom made two announcements to the ASX on the 28th February – the first was their 2021 Half Year 2021 result which indicated that TER continues to report strong operating metrics as well as enjoying buoyant thermal coal markets which is allowing them to pay down debt at an accelerated pace.

                SMSFBrokerFinancial Adviser

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                Hitting goals – Making four material announcements

                We initiated on Magnis Energy Technologies (MNS.ASX) in December 2021 and since then, MNS has made four material announcements. Firstly; a conditional offtake contract for 600,000t of graphite concentrate from the Tanzanian Nachu Project (net 100%) was signed with Traxys, a global
                commodities merchant with annual revenue of ~US$6Bn; secondly; semi autonomous production has started at battery gigafactory iM3NY, thirdly;
                exciting Extra Fast Charge battery tests were reported and most recently, the game changing launch of the Lithium Slim Energy Reserve battery platform, which supports C4V’s growing EFC capability.

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                  Increasing our Target

                  Despite 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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                    Emerging Financial Wealth Advisory Group

                    WT 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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                      Immutep Taking the Fight to Cancer

                      In 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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                        Phillips 66 to acquire 16% in NVX – 12-month target price rises 7% through project de-risking

                        Phillips 66 (PSX) has entered into an agreement with NVX to acquire 77.9m new shares for US$150m (A$203m). PSX is the worlds largest producer of speciality petroleum coke a precursor for battery grade synthetic graphite anode materials found with an Enterprise Value of US$47.5Bn and assets of US$57Bn.

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                          Market leading lifelong learning platform technology company in Australia and SE Asia

                          PayGroup (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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                            Market leading lifelong learning platform technology company in Australia and SE Asia

                            OpenLearning (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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