20th October 1987 probably doesn’t mean a lot to anyone who wasn’t in the market – but for those who were - it was a day no one ever forgets... Show More
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Little-known Draig Resources, now with former Gryphon Minerals chief Steve Parsons at the helm, is hoping to do a Northern Star with its plan to revive the high-grade Bellevue gold mine in WA. And analysts see scope for significant profits at Silver Mines once it brings Bowdens into production. Show More
In this 64-page sector report, Bell Potter Analyst Jonathan Snape identifies four major themes emerging within the agricultural sector, and provides an overview on 17 agricultural and Fast Moving Consumer Goods (FMCG) stocks under coverage. The major themes emerging include a maturing cattle price cycle; the likelihood of a more... Show More
Our Senior Analyst John O'Shea discusses the outlook and provides his top three picks for 2016. Watch the video here: Show More
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Our Senior Industrials Analyst Jonathan Snape discusses the outlook and provides his top picks for 2016. Watch the video here: Show More
Our Healhcare Analyst John Hester discusses the outlook and provides his top picks for 2016. Watch the video here: &feature=youtu.be Show More
Our Emerging Growth Analyst Sam Haddad discusses the outlook for the sector and provides his top 3 stock picks for 2016. Watch the video here: Show More
Our Healthcare & Biotech's Analyst Tanushree Jain discusses her top 3 stock picks for 2016. Watch the video here: Show More
Our Resources Analyst David Coates discusses the outlook for the resources sector and provides his top 3 stock picks for 2016. Watch the video here: Show More
Metcash reported net profit up 20% to $122m (including discontinued automotive business). EBIT margin was 2.0% as compared to 2.5% in pcp. SEGMENT EBIT: Improvement in both Liquor and Hardware: Food and Grocery down 23% to $91.9m, Liquor up 4% to $25.9m and Hardware up 22% $11.6m. Net operating cash... Show More
With high earnings visibility and growth, a strong balance sheet and dividend yield of 3.7% fully franked, we continue to recommend Medibank a Buy. Show More
Harvey Norman had their global sales grow 4.3% to $6.02bn and up 4.6% on like-for-like basis; ( in local currency like for like basis: Australia up 4.5%, NZ up 2.6%, Slovenia up 1.2%, Ireland up 7.3%, Northern Ireland up 15.5%). They reported a net profit up 25.6% to $387.1m including... Show More
WOW's segment EBIT in Australian, Food, Liquor, and Petrol was up 2.1% to $3439.8m (reflecting subdued sales growth in H2’15), EBIT margin up 22bps to 7.2%. NZ super markets was up 5.2% to $326m; EBIT margin up 15bps to 5.55%. General Merchandise was down 25.3% to $114.27m; EBIT margin down... Show More
IOOF divisions largely tracking as expected. The big news most are waiting for relates to the completed PWC independent report, which was due back on 14 August. The company has confirmed in relation to the PWC report that PWC has recommended some improvements such as: IFL will adopt the recommendations;... Show More
Ramsay's Group EBITDAR margin increased from 18.2% to 19.2% and Australian Hospitals had EBIT growth of 11.6% and a margin uplift of 50bp. Ramsay's outlook: “Given the strong industry fundamentals and the continuing implementation of our successful growth strategy, barring unforeseen circumstances, Ramsay is targeting Core NPAT and Core EPS... Show More
Flight Centre had an income margin of 13.6% as compared to 14% in pcp which contributed to the lower underlying profit. The lower income margin reflected lower commission earnings in Australia, a slight change in product mix brought about by rapid corporate travel growth, and recognition of an additional component... Show More
The Nine Networks TV Revenue was down 1.1% on FY14 proforma to $1208m, EBITDA down 15% $206m, Nine Live: Revenue was up 5.6% on FY14 proforma to $238.7m, EBITDA up 3.1% to $70.1m, Nine Digital: Revenue up 33.1% on FY14 proforma to $163.4m, EBITDA up 40.4% to $21.9m, Cash flow... Show More
Perpetual had a strong net-flows of $449m into Perpetual Investments which occurred from 1st July to 21st August, with most into Australian equities, well ahead of our estimate. Divisional numbers: Perpetual Investments FY15 EBITDA of $138.1m below our $135.1m estimate (slight revenue miss); Perpetual Private FY15 EBITDA of $49.6m in... Show More
Boral Construction Materials & Cement was up 9% to $301m, Building Products was $30m as compared to $8m in pcp reflecting improved pricing, production volume leverage and improved operational performance and costs. Gypsum was up 38% to $141m, USA $6m as compared to ($39m) in pcp driven by volume &... Show More
The strength and depth of the Australian corporate bond market is reinforced by one of the world’s biggest and most profitable companies undertaking the largest issue of non-financial corporate debt since BHP in October 2012. With bond issues currently in USD, EUR, GBP, JPY and CHF, Apple is seeking to... Show More
