Tuesday Trading Talk: SUL, DHG
Tuesday’s ASX session saw some good news released by outdoor gear and automotive products retailer Super Retail Group, as well as by digital real estate group Domain Holdings.
Read MoreTuesday’s ASX session saw some good news released by outdoor gear and automotive products retailer Super Retail Group, as well as by digital real estate group Domain Holdings.
Read MoreUBS maintains its Buy rating for Domain Holdings after interim earnings (EBITDA) came in 7.5% ahead of expectations. The target price is lowered to $5.50 from $5.60.
Read MoreThe Neutral rating is retained and the target price increases to $4.90 from $4.80.
Read MoreUBS upgrades Domain Holdings to Buy from Neutral. Target price is steady at $5.80.
Read MoreThe broker lifts its target price to $5.36 from $5.22 and maintains its Hold rating on valuation.
Read MoreWith peak reporting season upon us, here are snippets from the results announced yesterday by Shopping Centres Australasia, Domain Holdings, and Magellan Financial Group.
Read MoreUS private equity giant KKR and Nine Entertainment’s real estate listings company Domain Holdings have made a surprise $3.1 billion bid for the online property conveyancer PEXA.
Read MoreThe target is raised to $5.15 from $5, with the increase driven by an extension to the forecast period.
Read MoreMorgans reduces first half FY21 volume forecasts for Domain Holdings due to the extension of the Victorian lockdowns.
Read MoreIncremental news from the trading update has related to residential listings in April, which were better than some of the feedback Credit Suisse has received from agents.
Read MoreDomain, Nine Entertainment’s 59%-owned digital real estate listings business has sought more debt from its lenders and intensified its cost-cutting.
Read MoreFool’s paradise? Sydney and Melbourne house prices again rose strongly in March but there were more signs of a slowdown following tough restrictions on how real estate agents can sell properties during the coronavirus pandemic.
Read MoreUBS believes new listings are now on track to return to positive growth in the second half. FY20 earnings forecasts are unchanged but FY21-22 are increased by 11-12% on higher assumed listings growth.
Read MoreMacquarie observes cost management has offered more protection than previously expected against the headwinds to volume. Trading was slightly weaker than expected in July to October but offset by strong cost-cutting.
Read MoreCochlear’s 2018-19 results topped market expectations, Newcrest has ridden the rising gold price higher, Domain has cut its full-year dividend while investors have given oOh! Media’s 2019 profit downgrade a big thumbs down.
Read MoreWeakness in property listings has become a familiar theme, Credit Suisse notes, and CoreLogic data show that in the second half of FY19 new listings in the capital cities were down -17%, with Sydney down -24% and Melbourne down -22%.
Read MoreWhile Nine shares rose 2% to $1.77 in early trading on the news of the sale of ACM, Domain shares slid nearly 8% at one stage after it revealed a 13% slide in third-quarter property listings and a fall in revenue for the third quarter.
Read MoreThe fall out from last Friday’s trading updates from Nine Entertainment and Fairfax Media ahead of the release of the documentation for their planned takeover deal continued to batter the media sector yesterday on the ASX.
Read MoreFairfax Media’s Domain Holdings has engaged in a little house cleaning in first ever independent annual accounts with millions of dollars of write downs which produced a net loss for the year.
Read MoreThe market reacted cautiously to the news that Fairfax Media’s property website offshoot, Domain Holdings, had found a new CEO to replace the foundation boss, Antony Catalano quit in January, citing ‘family reasons’. He has since gone back into the real estate listings game.
Read MoreInvestors liked the first financial report from the newly independent Domain Holdings, Fairfax Media’s 60%-owned property website listings subsidiary, despite signs the company’s costs need trimming and that its print business is suffering a serious revenue slide.
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