FINANCIAL NEWS
The Overnight Report: Data Only Today (Sorry)
Due to technical problems today’s Overnight Report consists of data only
9:18 AM
ASX Winners And Losers Of Today – 01-05-24
The table inside ranks the 20 biggest percentage winners and losers among stocks in the ASX300 at the end of each trading day
8:30 AM
Gold Producers Over Bullion?
The New Criterion’s Tim Boreham runs through the options available for investors wishing to add gold exposure to their portfolio
May 01 2024
ESG Focus: The Little Big Things – 29-04-2024
Green geopolitics are heating up; analysts check out electric vehicles, lithium and critical minerals; and the AI push persists despite climate implications of data centres, which in turn bode well for power generators, transmission companies, and copper
May 01 2024
Morgans rates COL as Add
Coles' March quarter update showed supermarkets like-for-like sales grew 4.2%, which was above Morgans' 3.5% forecast. Total sales rose 5.0% with growth accelerating slightly through the back end of the quarter after increasing 4.9% in the first eight weeks.
Management said supermarkets volumes have remained positive in the early part of the June Q with ongoing deflation in fresh produce and meat and a moderation in inflation in packaged categories. Price inflation reduced to 2.2% versus 3.0% in the Dec Q.
Cost inflation (eg, labour) remains a headwind but should be mitigated, Morgans suggests, by the ‘Simplify & Save to Invest’ program
designed to take -$1bn in costs out over four years.
Target rises to $18.95 from $18.70, Add retained.
Macquarie rates IGO as Neutral
IGO reported 3Q24 results which were impacted by the sell down of inventory and the return of Greenbushes to full operating capacity, Macquarie highlights.
Spodumene production met expectations and some 200kt of SC6 spodumene was sold to Tianqui, which was a boost to TLEA's cash flow and earnings positive, notes the analyst.
Nickel production was slightly better than expected (up 11%), however the division is still operating below par due to one-off disruptions and a tough nickel market.
Adjusting for the quarterly results and lower guidance, Macquarie reduces the FY24 EPS forecast by -14% and circa -2% for FY25.
The target price declines some -1% to $7.60 and a Neutral rating is retained.
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ANALYSIS & DATA
FNARENA'S MARKET CONSENSUS FORECASTS
To display the stock analysis for a company please enter the company code:
ANZ | ANZ GROUP HOLDINGS LIMITED
Abbreviated format - see the full version here
| LAST PRICE | CHANGE +/- | CHANGE % | VOLUME |
|---|---|---|---|
|
$28.16 30 Apr |
OPEN $27.97 |
HIGH $28.17 |
2,723,672 LOW $27.96 |
0.090| TARGET | |||
| $27.975 -0.7% downside | |||
| Franking for last dividend paid out: 56% |
| Title | FY22 Actual |
FY23 Actual |
FY24 Forecast |
FY25 Forecast |
|---|---|---|---|---|
| EPS (cps) | xxx | N/A | 221.7 | xxx |
| DPS (cps) | xxx | N/A | 162.8 | xxx |
| EPS Growth | xxx | N/A | N/A | xxx |
| DPS Growth | xxx | N/A | N/A | xxx |
| PE Ratio | xxx | N/A | 12.7 | xxx |
| Dividend Yield | xxx | N/A | 5.8% | xxx |
| Div Pay Ratio(%) | xxx | N/A | 73.4% | xxx |
DAILY FINANCIAL NEWS
Gold Producers Over Bullion?
The New Criterion’s Tim Boreham runs through the options available for investors wishing to add gold exposure to their portfolio
May 01 2024 - Commodities
Green geopolitics are heating up; analysts check out electric vehicles, lithium and critical minerals; and the AI push persists despite climate implications of data centres, which in turn bode well for power generators, transmission companies, and copper
May 01 2024 - ESG Focus
SiteMinder’s March quarter update showed the company is on track to reach positive earnings and cash flow next quarter and new product launches offer growth
May 01 2024 - Small Caps
Michael Gable of Fairmont Equities has spotted solid support underneath shares in WiseTech Global
Apr 30 2024 - Technicals
A forecast-beating jump in gross margins was the highlight in ResMed’s March quarter result
Apr 29 2024 - Australia
Governance and social themes, while generally not attracting big expenditure in the December half, still proved a strong focus for corporations
Apr 29 2024 - ESG Focus
PR NEWSWIRE
Australian Cosmeceutical Brand Neutriderm WINS Best Hair Hairloss Treatment in Hair Awards
Apr 30 2024 - PR NewsWire
Emphasys, a Leading Australian SAP Transformation Consultancy, Teams Up with smartShift to Revolutionise System Complexity
Apr 30 2024 - PR NewsWire
CEAT Specialty’s Australian Distributors Join the IPL Frenzy in India
Apr 30 2024 - PR NewsWire
Majority of companies plan to upgrade their anti-money laundering technology – Despite budget cuts!
Apr 30 2024 - PR NewsWire
Prota Therapeutics’ CEO Mimi Tang honoured at BioMelbourne Network’s Women in Leadership Awards 2024
Apr 29 2024 - PR NewsWire
Homely.com.au delivers record enquiries to agents
Apr 29 2024 - PR NewsWire
RUDI'S VIEWS
Rudi’s View: Quality Reigns, And How To Identify It
In this week's Weekly Insights: -Quality Reigns, And How To Identify It-Macquarie's ASX Quality Compounders By Rudi Filapek-Vandyck, Editor Quality…
May 01 2024
DAILY MARKET REPORTS
The Overnight Report: Data Only Today (Sorry)
Due to technical problems today’s Overnight Report consists of data only
9:18 AM
ASX Winners And Losers Of Today – 01-05-24
The table inside ranks the 20 biggest percentage winners and losers among stocks in the ASX300 at the end of each trading day
8:30 AM
The Overnight Report: More Pain
Stronger than expected US wage growth data sent Wall Street tumbling once again last night. S&P500 down -1.6%. (Available for non-subscribers after 10am)
May 01 2024
ASX Winners And Losers Of Today – 30-04-24
The table inside ranks the 20 biggest percentage winners and losers among stocks in the ASX300 at the end of each trading day
Apr 30 2024
Australian Broker Call *Extra* Edition – Apr 30, 2024
Extra Edition of the Broker Call Report
Apr 30 2024
WEEKLY REPORTS
Uranium Week: Nuclear Power And AI
The extensive power required to run AI models at data centres has brought nuclear energy clearly into focus
Apr 30 2024
Weekly Update On LICs & LITs – 30-Apr-2024
Weekly update of Listed Investment Companies (LICs) & Listed Investment Trusts (LITs) on the ASX
Apr 30 2024
Australian Listed Real Estate Tables – 29-04-2024
FNArena provides a weekly update of Australian listed real estate trusts (REIT) and property developers, current pricing yield and valuation data
Apr 29 2024
Weekly Ratings, Targets, Forecast Changes – 26-04-24
Weekly update on stockbroker recommendation, target price, and earnings forecast changes
Apr 29 2024
In Case You Missed It – BC Extra Upgrades & Downgrades – 26-04-24
A summary of the highlights from Broker Call Extra updates throughout the week past
Apr 26 2024
Weekly Top Ten News Stories – 26 April 2024
Our top ten news stories from 18 April 2024 to 25 April 2024
Apr 26 2024
The Short Report – 26 Apr 2024
FNArena’s weekly update on short positions in the Australian share market
Apr 26 2024
Next Week At A Glance – 29 Apr-May 2 2024
A brief look at important company events and economic data releases next week
Apr 26 2024
In Brief: Confidence, Consumers, Conditions
Weekly Broker Wrap: upside for household goods; outlook for the Australian consumer; SMEs doing it tough
Apr 26 2024
THE MARKETS
-
Australia
02 May 2024 Updated : 09:12 AEDT
SPI Overnight
7572.00
-5.00
-0.07%
NZ50
11859.930
-7.650
-0.060%
All Ordinaries
7831.90
-100.10
-1.26%
S&P ASX 200
7569.90
-94.20
-1.23%
S&P ASX 300
7524.90
-92.50
-1.21%
Communication Services
1485.40
-17.10
-1.14%
Consumer Discretionary
3382.50
-49.60
-1.45%
Consumer Staples
11849.70
-101.70
-0.85%
Energy
10061.90
-202.40
-1.97%
Financials
7143.60
-52.20
-0.73%
Health Care
41879.70
-487.20
-1.15%
Industrials
6811.00
-85.60
-1.24%
Info Technology
2156.60
-32.30
-1.48%
Materials
17728.20
-321.50
-1.78%
Real Estate
3495.60
-44.40
-1.25%
Utilities
8634.80
-44.20
-0.51%
A-REITs
1588.00
-19.80
-1.23%
All Technology Index
2968.80
-46.00
-1.53%
Banks
2969.30
-12.30
-0.41%
Gold Index
7513.00
-309.00
-3.95%
Metals & Mining
5822.50
-117.50
-1.98%
-
World
02 May 2024 Updated : 09:12 AEDT
CAD/USD
0.7283
+0.00
0.32%
EUR/JPY
166.61
-1.84
-1.09%
EUR/USD
1.0715
+0.00
0.44%
GBP/USD
1.2531
+0.00
0.37%
USD/JPY
155.50
-2.40
-1.52%
-
Aus Stocks
02 May 2024 Updated : 09:12 AEDT
Amcor (US)
9.80
+0.86
9.62%
Newmont (US)
40.58
-0.06
-0.15%
Rio Tinto (UK)
5422.00
-50.00
-0.91%
BHP Group (US)
55.00
-0.16
-0.29%
Rio Tinto (US)
67.50
-0.33
-0.49%
ResMed (US)
215.01
+1.02
0.48%
South32 (UK)
180.40
-1.90
-1.04%
James Hardie (US)
34.66
+0.16
0.46%
Janus Henderson (US)
31.16
-0.06
-0.19%
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CALENDAR
Thursday, 2 May 2024
NZ building permits, Mar AU building approvals, Mar AU trade balance, Mar CH markets closed US trade balance, Mar BOQ ex-div 17c (100%) IFL quarterly report IRE AGM NAB earnings report QUB investor briefing RIO AGM WES strategy day WOW quarterly report ALL WEATHER STOCKS
Code Company Price CAR CAR GROUP LIMITED 
$33.54
CSL CSL LIMITED
$274.49
REA REA GROUP LIMITED
$176.68
TNE TECHNOLOGY ONE LIMITED
$16.00
WOW WOOLWORTHS GROUP LIMITED
$31.82
WEEKLY PDF
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WEEK 17
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FNARENA TALKS
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FNARENA WINDOWS
Window on GOLD & SILVER
Gold Producers Over Bullion?
The New Criterion’s Tim Boreham runs through the options available for investors wishing to add gold exposure to their portfolio
May 01 2024
Window on TRAVEL, LEISURE & TOURISM
SiteMinder Travelling Well
SiteMinder’s March quarter update showed the company is on track to reach positive earnings and cash flow next quarter and new product launches offer growth
May 01 2024
Window on CLOUD SERVICES
Solid Support For WiseTech Global Shares
Michael Gable of Fairmont Equities has spotted solid support underneath shares in WiseTech Global
Apr 30 2024
SMSFUNDAMENTALS
SMSFundamentals: Inflation Beats Covid, Markets As Retirement Influencer
Australians have become less comfortable with their plans for retirement, and inflation is to blame
Nov 29 2023