An additional news report on the recommendation, valuation, forecast and opinion changes for ASX-listed equities.
In addition to The Australian Broker Call Report, which is published and updated daily (Mon-Fri), FNArena has now added The Australian Broker Call *Extra* Edition, featuring additional sources of research and insights on ASX-listed stocks, also enlarging the number of stocks that make up the FNArena universe.
One key difference is the *Extra* Edition will not be updated daily, but merely "regularly" depending on availability of suitable quality content. As such, the *Extra* Edition tries to build a bridge between daily updates via the Australian Broker Call Report and ad hoc news stories, that are not always timely for investors hungry for the next information update.
Investors using the *Extra* Edition as a source of input for their own share market research should thus take into account that information after publication may not be up to date, or yet awaiting another update by FNArena's team of journalists.
Similar to The Australian Broker Call Report, this *Extra* Edition includes concise but limited reviews of research recently published by Stockbrokers and other experts, which should be considered as information concerning likely market behaviour rather than advice on the securities mentioned. Do not act on the contents of this Report without first reading the important information included at the end of this Report.
The Australian Broker Call *Extra* Edition is a summary that has been prepared independently of the sources identified. Readers will check the full text of the recommendations and consult a Licenced Advisor before making any investment decision.
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COMPANIES DISCUSSED IN THIS ISSUE
Click on a symbol for fast access.
The number next to the symbol represents the number of brokers covering it for this report -(if more than 1)
ACL ADI AQR BML BPT (2) CIP DTC FWD GDC GEN LTR MMM MNF OPY PMV RDY (2) RZI SFR SM1 UBN WGX
ACL
Healthcare services - Overnight Price:
Goldman Sachs rates ((ACL)) as Buy (1) -
The broker perceives the company's recent covid targets to be conservative; expects testing volumes should remain a strong source of volume for several years; and spies strong scale/fixed cost leverage in the company's business models (75% of costs are fixed).
Covid testing earnings are expected to fall sharply in FY22.
Goldman Sachs retains a Buy rating, reflecting strength in the base business combined with strong margins (expected to settle at 27% as covid testing tapers); roughly 100% cash conversion; and low leverage allowing capital deployment (most likely M&A).
Earnings are revised upward and the broker raises its target price 4% to
This report was published on September, 2021.
Target price is
If ACL meets the Goldman Sachs target it will return approximately 33% (excluding dividends, fees and charges).
The company's fiscal year ends in June.
Forecast for FY22:
Goldman Sachs forecasts a full year FY22 dividend of 38.00 cents and EPS of 60.00 cents.
At the last closing share price the estimated dividend yield is 8.86%.
At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is 7.15.
Forecast for FY23:
Goldman Sachs forecasts a full year FY23 dividend of 16.00 cents and EPS of 28.00 cents.
At the last closing share price the estimated dividend yield is 3.73%.
At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is 15.32.
Market Sentiment: 0.0
All consensus data are updated until yesterday. FNArena's consensus calculations require a minimum of three sources
ADI
REITs - Overnight Price:
Moelis rates ((ADI)) as Hold (3) -
The purchases will be funded by a
Around
This report was issued on
Target price is
If ADI meets the Moelis target it will return approximately minus 1% (excluding dividends, fees and charges - negative figures indicate an expected loss).
The company's fiscal year ends in June.
Forecast for FY22:
Moelis forecasts a full year FY22 dividend of 17.30 cents and EPS of 18.30 cents.
At the last closing share price the estimated dividend yield is 5.06%.
At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is 18.69.
Forecast for FY23:
Moelis forecasts a full year FY23 dividend of 17.40 cents and EPS of 19.50 cents.
At the last closing share price the estimated dividend yield is 5.09%.
At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is 17.54.
Market Sentiment: 0.0
All consensus data are updated until yesterday. FNArena's consensus calculations require a minimum of three sources
AQR APN CONVENIENCE RETAIL REIT
REITs - Overnight Price:
Moelis rates ((AQR)) as Buy (1) -
APN Convenience Retail REIT has finalised its
Moelis notes company guidance implies a FY22 dividend yield of 6.5%, making APN the highest yielding long-WALE REIT on the ASX, yet the lowest price in income terms.
The broker appreciates the defensive nature of service stations, pointing to margin resilience during the covid lockdowns, which in turn illustrates the pricing power of the fuel retailer.
Moelis' restrictions on rating have been lifted and the broker returns with a Buy rating and
This report was published on
Target price is
If AQR meets the Moelis target it will return approximately 15% (excluding dividends, fees and charges).
The company's fiscal year ends in June.
Forecast for FY22:
Moelis forecasts a full year FY22 dividend of 22.90 cents and EPS of 23.00 cents.
At the last closing share price the estimated dividend yield is 6.60%.
At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is 15.09.
Forecast for FY23:
Moelis forecasts a full year FY23 dividend of 23.60 cents and EPS of 23.90 cents.
At the last closing share price the estimated dividend yield is 6.80%.
At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is 14.52.
Market Sentiment: 0.8
All consensus data are updated until yesterday. FNArena's consensus calculations require a minimum of three sources
BML
Mining - Overnight Price:
Euroz Hartleys rates ((BML)) as Speculative Buy (2) -
After recent assay results from the Phase 5 drilling program at 75%-owned
The analyst expects an updated resource in the fourth quarter of 2021, feeding into the definitive feasability study (DFS) due in the first quarter of 2022, and the final investment decision (FID) in the following quarter.
Euroz Hartleys notes management is already in discussions with Federal government agencies to provide debt financing for the project development.
This report was published on
Target price is
If BML meets the Euroz Hartleys target it will return approximately 116% (excluding dividends, fees and charges).
All consensus data are updated until yesterday. FNArena's consensus calculations require a minimum of three sources
BPT
Crude Oil - Overnight Price:
A company presentation reveals a shift in focus from the disappointing Western Flank (oil) to gas; and the broker perceives
Management is reviewing its capital management options and the broker welcomes discipline on this front.
This report was published on
Target price is
If BPT meets the
Current consensus price target is
The company's fiscal year ends in June.
Forecast for FY22:
Canaccord Genuity forecasts a full year FY22 dividend of 2.00 cents and EPS of 18.50 cents.
At the last closing share price the estimated dividend yield is 1.45%.
At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is 7.46.How do these forecasts compare to market consensus projections?
Current consensus EPS estimate is 18.9, implying annual growth of 36.2%.
Current consensus DPS estimate is 2.0, implying a prospective dividend yield of 1.4%.
Current consensus EPS estimate suggests the PER is 7.6.
Forecast for FY23:
Canaccord Genuity forecasts a full year FY23 dividend of 2.00 cents and EPS of 15.60 cents.
At the last closing share price the estimated dividend yield is 1.45%.
At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is 8.85.How do these forecasts compare to market consensus projections?
Current consensus EPS estimate is 16.5, implying annual growth of -12.7%.
Current consensus DPS estimate is 2.4, implying a prospective dividend yield of 1.7%.
Current consensus EPS estimate suggests the PER is 8.7.
Market Sentiment: 0.7
All consensus data are updated until yesterday. FNArena's consensus calculations require a minimum of three sources
Jarden rates ((BPT)) as Upgrade to Buy from Neutral (1) -
Jarden upgrades
A company presentation reports the company is switching its focus from oil (Western Flank) to its gas projects; that the gas outlook is strong; and that group production is set to rise sharply.
The company is weighing capital management options, such as off-market buybacks, boasting
Target price rises t
This report was published on
Target price is
If BPT meets the Jarden target it will return approximately 16% (excluding dividends, fees and charges).
Current consensus price target is
The company's fiscal year ends in June.
Forecast for FY22:
Jarden forecasts a full year FY22 dividend of 2.00 cents and EPS of 18.00 cents.
At the last closing share price the estimated dividend yield is 1.45%.
At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is 7.67.How do these forecasts compare to market consensus projections?
Current consensus EPS estimate is 18.9, implying annual growth of 36.2%.
Current consensus DPS estimate is 2.0, implying a prospective dividend yield of 1.4%.
Current consensus EPS estimate suggests the PER is 7.6.
Forecast for FY23:
Jarden forecasts a full year FY23 dividend of 2.00 cents and EPS of 15.00 cents.
At the last closing share price the estimated dividend yield is 1.45%.
At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is 9.20.How do these forecasts compare to market consensus projections?
Current consensus EPS estimate is 16.5, implying annual growth of -12.7%.
Current consensus DPS estimate is 2.4, implying a prospective dividend yield of 1.7%.
Current consensus EPS estimate suggests the PER is 8.7.
Market Sentiment: 0.7
All consensus data are updated until yesterday. FNArena's consensus calculations require a minimum of three sources
CIP
REITs - Overnight Price:
Moelis rates ((CIP)) as Hold (3) -
An approximate
The company noted there are further assets to the tune of $100m in due diligence.
The Hold rating is retained and the target price decreases to
This report was published on
Target price is
If CIP meets the Moelis target it will return approximately 3% (excluding dividends, fees and charges).
Current consensus price target is
The company's fiscal year ends in June.
Forecast for FY22:
Moelis forecasts a full year FY22 dividend of 17.50 cents and EPS of 18.10 cents.
At the last closing share price the estimated dividend yield is 4.67%.
At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is 20.72.How do these forecasts compare to market consensus projections?
Current consensus EPS estimate is 18.1, implying annual growth of -84.6%.
Current consensus DPS estimate is 17.2, implying a prospective dividend yield of 4.6%.
Current consensus EPS estimate suggests the PER is 20.8.
Forecast for FY23:
Moelis forecasts a full year FY23 dividend of 18.00 cents and EPS of 18.50 cents.
At the last closing share price the estimated dividend yield is 4.80%.
At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is 20.27.How do these forecasts compare to market consensus projections?
Current consensus EPS estimate is 18.9, implying annual growth of 4.4%.
Current consensus DPS estimate is 17.9, implying a prospective dividend yield of 4.7%.
Current consensus EPS estimate suggests the PER is 19.9.
Market Sentiment: 0.4
All consensus data are updated until yesterday. FNArena's consensus calculations require a minimum of three sources
DTC
Software & Services - Overnight Price:
Moelis rates ((DTC)) as Hold (3) -
Moelis notes TIKS Solutions generated
The Hold rating is retained and the target price deceases to
This report was published on
Target price is
If DTC meets the Moelis target it will return approximately 0% (excluding dividends, fees and charges).
The company's fiscal year ends in June.
Forecast for FY22:
Moelis forecasts a full year FY22 dividend of 0.00 cents and EPS of minus 3.10 cents.
At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is minus 30.97.
Forecast for FY23:
Moelis forecasts a full year FY23 dividend of 0.00 cents and EPS of minus 1.10 cents.
At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is minus 87.27.
Market Sentiment: 0.0
All consensus data are updated until yesterday. FNArena's consensus calculations require a minimum of three sources
FWD
Infra & Property Developers - Overnight Price:
Despite this, the broker highlights
Canaccord decreases its FY22 earnings before tax forecast by -38% to
The Buy rating and target price of
The report was published on
Target price is
If FWD meets the
The company's fiscal year ends in June.
Forecast for FY22:
Canaccord Genuity forecasts a full year FY22 dividend of 10.00 cents and EPS of 10.00 cents.
At the last closing share price the estimated dividend yield is 3.97%.
At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is 25.20.
Forecast for FY23:
Canaccord Genuity forecasts a full year FY23 dividend of 22.00 cents and EPS of 22.00 cents.
At the last closing share price the estimated dividend yield is 8.73%.
At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is 11.45.
All consensus data are updated until yesterday. FNArena's consensus calculations require a minimum of three sources
GDC
Cloud services - Overnight Price:
A placement and an SPP raised
The analyst feels the current valuation incorporates the
This report was published on
Target price is
If GDC meets the
The company's fiscal year ends in June.
Forecast for FY22:
Shaw and Partners forecasts a full year FY22 dividend of 0.00 cents and EPS of 1.80 cents.
At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is 108.33.
Forecast for FY23:
Shaw and Partners forecasts a full year FY23 dividend of 0.00 cents and EPS of 3.10 cents.
At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is 62.90.
All consensus data are updated until yesterday. FNArena's consensus calculations require a minimum of three sources
GEN
Iron Ore - Overnight Price:
The company has pipeline of projects in the
Given
This report was published on
Target price is
If GEN meets the Bell Potter target it will return approximately 9344% (excluding dividends, fees and charges).
All consensus data are updated until yesterday. FNArena's consensus calculations require a minimum of three sources
LTR
New Battery Elements - Overnight Price:
Cannacord Genuity initiates coverage on Australian lithium miner
The company is developing the large-scale
Liontown is also scoping options for a downstream integrated lithium refinery in late 2020, requiring
Cannacord notes that
This report was published on
Target price is
If LTR meets the
Market Sentiment: 1.0
All consensus data are updated until yesterday. FNArena's consensus calculations require a minimum of three sources
MMM
Wilsons rates ((MMM)) as Overweight (1) -
Wilsons reports mixed trading conditions for the meal-kit market as easing northern hemisphere lockdowns and higher skip rates thanks to the northern summer, were partly offset by stronger lockdown-induced Australian volumes.
The broker remains positive on the total addressable market for meal kits and retains an Overweight rating for Marley Spoon, but downgrades the target price to
This report was published on
Target price is
If MMM meets the Wilsons target it will return approximately 87% (excluding dividends, fees and charges).
The company's fiscal year ends in December.
Forecast for FY21:
Wilsons forecasts a full year FY21 dividend of 0.00 cents and EPS of minus 25.36 cents.
At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is minus 5.91.
Forecast for FY22:
Wilsons forecasts a full year FY22 dividend of 0.00 cents and EPS of minus 17.12 cents.
At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is minus 8.76.
This company reports in EUR. All estimates have been converted into AUD by FNArena at present FX values.
All consensus data are updated until yesterday. FNArena's consensus calculations require a minimum of three sources
MNF
Telecommunication - Overnight Price:
The broker also noted the company's Communications Platform as a Service segment reported 44% revenue growth per annum for the last two years, among the fastest in its peer group, in a segment expected to almost double by 2023.
The Buy rating and target price of
This report was published on
Target price is
If MNF meets the
The company's fiscal year ends in June.
Forecast for FY22:
Canaccord Genuity forecasts a full year FY22 dividend of 7.00 cents and EPS of 17.00 cents.
At the last closing share price the estimated dividend yield is 1.00%.
At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is 41.18.
Forecast for FY23:
Canaccord Genuity forecasts a full year FY23 dividend of 7.00 cents and EPS of 20.00 cents.
At the last closing share price the estimated dividend yield is 1.00%.
At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is 35.00.
Market Sentiment: 1.0
All consensus data are updated until yesterday. FNArena's consensus calculations require a minimum of three sources
OPY
Business & Consumer Credit - Overnight Price:
Nissan
The broker notes
The Buy rating and target price of
This report was published on
Target price is
If OPY meets the
The company's fiscal year ends in June.
Forecast for FY22:
Shaw and Partners forecasts a full year FY22 dividend of 0.00 cents and EPS of minus 34.90 cents.
At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is minus 3.95.
Forecast for FY23:
Shaw and Partners forecasts a full year FY23 dividend of 0.00 cents and EPS of minus 16.50 cents.
At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is minus 8.36.
All consensus data are updated until yesterday. FNArena's consensus calculations require a minimum of three sources
PMV
Apparel & Footwear - Overnight Price:
Goldman Sachs rates ((PMV)) as Sell (5) -
The broker notes results were impacted by store closures, with are expected to continue to impact on first half sales, although the Peter Alexander,
The Smiggle brand is also expected to benefit from global re-openings. Goldman Sachs raised concern about the outlook for Smiggle given permanent store closures, particularly in
The Sell rating is retained and the target price increases to
This report was published on
Target price is
If PMV meets the Goldman Sachs target it will return approximately minus 25% (excluding dividends, fees and charges - negative figures indicate an expected loss).
Current consensus price target is
The company's fiscal year ends in July.
Forecast for FY22:
Goldman Sachs forecasts a full year FY22 dividend of 80.00 cents and EPS of 119.00 cents.
At the last closing share price the estimated dividend yield is 2.56%.
At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is 26.29.How do these forecasts compare to market consensus projections?
Current consensus EPS estimate is 131.2, implying annual growth of -23.3%.
Current consensus DPS estimate is 88.4, implying a prospective dividend yield of 2.8%.
Current consensus EPS estimate suggests the PER is 24.0.
Forecast for FY23:
Goldman Sachs forecasts a full year FY23 dividend of 83.00 cents and EPS of 116.00 cents.
At the last closing share price the estimated dividend yield is 2.65%.
At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is 26.97.How do these forecasts compare to market consensus projections?
Current consensus EPS estimate is 141.5, implying annual growth of 7.9%.
Current consensus DPS estimate is 101.8, implying a prospective dividend yield of 3.2%.
Current consensus EPS estimate suggests the PER is 22.2.
Market Sentiment: 0.4
All consensus data are updated until yesterday. FNArena's consensus calculations require a minimum of three sources
RDY
Software & Services - Overnight Price:
Avaxa enjoys recurring revenue of roughly $1m. The deal is struck on a cash payment of
The broker upgrades FY21 earnings forecasts 1% and increases its FY22 closing net debt estimate to
Target price rises to
This report was published on
Target price is
If RDY meets the
The company's fiscal year ends in June.
Forecast for FY22:
Shaw and Partners forecasts a full year FY22 dividend of 0.00 cents and EPS of 12.00 cents.
At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is 31.25.
Forecast for FY23:
Shaw and Partners forecasts a full year FY23 dividend of 0.00 cents and EPS of 14.60 cents.
At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is 25.68.
Market Sentiment: 1.0
All consensus data are updated until yesterday. FNArena's consensus calculations require a minimum of three sources
Wilsons rates ((RDY)) as Overweight (1) -
ReadyTech has acquired Avaxa, a student management system provider to the tertiary sector for
Wilsons views the deal as well-priced and as offering customer-transition and acquisition opportunities.
The broker suggests the deal adds 20% to its valuation and reiterates
Target price rises to
This report was published on
Target price is
If RDY meets the Wilsons target it will return approximately 8% (excluding dividends, fees and charges).
The company's fiscal year ends in June.
Forecast for FY22:
Wilsons forecasts a full year FY22 dividend of 0.00 cents and EPS of 13.90 cents.
At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is 26.98.
Forecast for FY23:
Wilsons forecasts a full year FY23 dividend of 6.30 cents and EPS of 15.80 cents.
At the last closing share price the estimated dividend yield is 1.68%.
At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is 23.73.
Market Sentiment: 1.0
All consensus data are updated until yesterday. FNArena's consensus calculations require a minimum of three sources
RZI
Wealth Management & Investments - Overnight Price:
In
Despite this, the company has reported successful expansion into
Australian funds under management were up 94.2% year-on-year, suggesting users increased contributions, and additional portfolio options should encourage this trend. The purchase of SuperEstate also allows investment in residential property as an asset class.
The broker notes boardroom conflict does highlight the speculative risk in a fast-growing tech company. The Speculative Buy rating is retained and no price target is provided.
This report was published on
Current Price is
The company's fiscal year ends in June.
Forecast for FY21:
Taylor Collison forecasts a full year FY21 dividend of 0.00 cents and EPS of minus 2.00 cents.
At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is minus 92.00.
Forecast for FY22:
Taylor Collison forecasts a full year FY22 dividend of 0.00 cents and EPS of 0.60 cents.
At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is 306.67.
All consensus data are updated until yesterday. FNArena's consensus calculations require a minimum of three sources
SFR SANDFIRE RESOURCES LIMITED
Copper - Overnight Price:
Sandfire Resources finally snared Spanish copper producer MATSA for
The funding is via equity and debt:
Shaw describes the deal as fair but not great (yet), if larger than expected, but estimates break-even is about 12 years in.
Target price falls to
This report was published on
Target price is
If SFR meets the
Current consensus price target is
The company's fiscal year ends in June.
Forecast for FY22:
Shaw and Partners forecasts a full year FY22 dividend of 10.00 cents and EPS of 96.30 cents.
At the last closing share price the estimated dividend yield is 1.81%.
At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is 5.74.How do these forecasts compare to market consensus projections?
Current consensus EPS estimate is 80.3, implying annual growth of -10.7%.
Current consensus DPS estimate is 25.1, implying a prospective dividend yield of 4.5%.
Current consensus EPS estimate suggests the PER is 7.0.
Forecast for FY23:
Shaw and Partners forecasts a full year FY23 dividend of 3.00 cents and EPS of 49.80 cents.
At the last closing share price the estimated dividend yield is 0.54%.
At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is 11.10.How do these forecasts compare to market consensus projections?
Current consensus EPS estimate is 31.0, implying annual growth of -61.4%.
Current consensus DPS estimate is 5.2, implying a prospective dividend yield of 0.9%.
Current consensus EPS estimate suggests the PER is 18.2.
Market Sentiment: 0.6
All consensus data are updated until yesterday. FNArena's consensus calculations require a minimum of three sources
SM1
Dairy - Overnight Price:
Wilsons advises debt has been hit by elevated ingredient inventories, which should ease in FY22, and that the company has entered into a sale and leaseback of its
The company guides to a return to strong profitability in FY22, a reduction in debt and an at-least steady exit run-rate in FY23.
Wilsons downgrades earnings -3% in FY22 and -5% in FY23.
Buy rating and
This report was published on
Target price is
If SM1 meets the Bell Potter target it will return approximately 21% (excluding dividends, fees and charges).
Current consensus price target is
The company's fiscal year ends in July.
Forecast for FY22:
Bell Potter forecasts a full year FY22 dividend of 0.00 cents and EPS of 18.32 cents.
At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is 19.87.How do these forecasts compare to market consensus projections?
Current consensus EPS estimate is 15.8, implying annual growth of N/A.
Current consensus DPS estimate is N/A, implying a prospective dividend yield of N/A.
Current consensus EPS estimate suggests the PER is 22.9.
Forecast for FY23:
Bell Potter forecasts a full year FY23 dividend of 14.28 cents and EPS of 20.48 cents.
At the last closing share price the estimated dividend yield is 3.92%.
At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is 17.78.How do these forecasts compare to market consensus projections?
Current consensus EPS estimate is 26.9, implying annual growth of 70.3%.
Current consensus DPS estimate is 5.3, implying a prospective dividend yield of 1.5%.
Current consensus EPS estimate suggests the PER is 13.5.
This company reports in NZD. All estimates have been converted into AUD by FNArena at present FX values.
Market Sentiment: 0.0
All consensus data are updated until yesterday. FNArena's consensus calculations require a minimum of three sources
UBN
Software & Services - Overnight Price:
Urbanise signed a deal with PICA Group in 2016 to finance its software development. That platform is now finalised, allowing the company to turn attention to promotion and sales. Licensing payments will likely see strong operating cash flow generation.
The broker notes the Australian facilities management outsourcing industry is worth around
The broker initiates with a Speculative Buy rating but no target price is provided.
This report was published on
Current Price is
The company's fiscal year ends in June.
Forecast for FY21:
Taylor Collison forecasts a full year FY21 dividend of 0.00 cents and EPS of minus 8.10 cents.
At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is minus 17.04.
Forecast for FY22:
Taylor Collison forecasts a full year FY22 dividend of 0.00 cents and EPS of minus 3.20 cents.
At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is minus 43.12.
All consensus data are updated until yesterday. FNArena's consensus calculations require a minimum of three sources
WGX
Gold & Silver - Overnight Price:
The company has guided to a production ramp-up at Big Bell in the second half of FY22. The broker expects nameplate production of 1m tonnes per annum to be reached in the March quarter, and sees potential for above-nameplate production in the medium-term.
The Buy rating is retained and the target price increases to
This report was published on
Target price is
If WGX meets the
The company's fiscal year ends in June.
Forecast for FY22:
Canaccord Genuity forecasts a full year FY22 dividend of 3.00 cents and EPS of 19.00 cents.
At the last closing share price the estimated dividend yield is 1.54%.
At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is 10.26.
Forecast for FY23:
Canaccord Genuity forecasts a full year FY23 dividend of 3.00 cents and EPS of 23.00 cents.
At the last closing share price the estimated dividend yield is 1.54%.
At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is 8.48.
Market Sentiment: 1.0
All consensus data are updated until yesterday. FNArena's consensus calculations require a minimum of three sources
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The content of this information does in no way reflect the opinions of FNArena, or of its journalists. In fact we don't have any opinion about the stock market, its value, future direction or individual shares. FNArena solely reports about what the main experts in the market note, believe and comment on. By doing so we believe we provide intelligent investors with a valuable tool that helps them in making up their own minds, reading market trends and getting a feel for what is happening beneath the surface. This document is provided for informational purposes only. It does not constitute an offer to sell or a solicitation to buy any security or other financial instrument. FNArena employs very experienced journalists who base their work on information believed to be reliable and accurate, though no guarantee is given that the daily report is accurate or complete. Investors should contact their personal adviser before making any investment decision.
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