FINANCIAL NEWS
In Case You Missed It – BC Extra Upgrades & Downgrades – 18-10-24
A summary of the highlights from Broker Call Extra updates throughout the week past
11:29 AM
Weekly Top Ten News Stories – 18 October 2024
Our top ten news stories from 10 October 2024 to 17 October 2024
11:00 AM
COG Financial Services Screens ‘Too Cheap’
A cheap valuation and chunky dividend yield make COG Financial Services a compelling story
10:35 AM
In Brief: Lithium, Brazilian Rare Earths & Fineos
Weekly Broker Wrap: Potential lithium stock targets for M&A; Brazilian Rare Earths in focus and Fineos’ second major client a possible game changer
10:11 AM
Citi rates AMP as Downgrade to Neutral from Buy
After the 3Q provided more evidence of a business turnaround, Citi raises its target for AMP to $1.70 from $1.45 and downgrades to Neutral from Buy after the recent share price appreciation.
Positives for the broker include significantly improved platform flows, an almost halving of Superannuation & Investments (S&I) outflows, and the return of some slight volume growth to the bank.
Macquarie rates DEG as Outperform
Macquarie focuses on the debt position of De Grey Mining post the 1Q25 update. Cash and deposits came in slightly lower than forecast with the company expected to finalise the debt funding package including a $130m debt overrun facility in 2Q25.
The broker explains post the debt package, the miner will be fully funded for Hemi Development of A. Documents were resubmitted to the Federal Department of Climate Change, Energy and Environment and Water in 1Q25. Approval is anticipated in 3Q25, the analyst notes.
Macquarie lowers EPS forecasts for FY25 by -7% for the lower cash balance resulting from higher-than-estimated exploration costs.
De Grey Mining has an Outperform rating with a $2.10 target price.
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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 |
|---|---|---|---|
|
$31.82 17 Oct |
OPEN $31.63 |
HIGH $31.82 |
5,384,269 LOW $31.54 |
0.420| TARGET | |||
| $27.408 -13.9% downside | |||
| Franking for last dividend paid out: 65% |
| Title | FY22 Actual |
FY23 Actual |
FY24 Forecast |
FY25 Forecast |
|---|---|---|---|---|
| EPS (cps) | xxx | 236.8 | 226.7 | xxx |
| DPS (cps) | xxx | 175.0 | 164.8 | xxx |
| EPS Growth | xxx | - 5.3% | - 4.3% | xxx |
| DPS Growth | xxx | 20.3% | - 5.8% | xxx |
| PE Ratio | xxx | N/A | 14.0 | xxx |
| Dividend Yield | xxx | N/A | 5.2% | xxx |
| Div Pay Ratio(%) | xxx | 73.9% | 72.7% | xxx |
DAILY FINANCIAL NEWS
COG Financial Services Screens ‘Too Cheap’
A cheap valuation and chunky dividend yield make COG Financial Services a compelling story
10:35 AM - Small Caps
Chinese authorities will have to do a whole lot more to fix their local economy, and share market, concludes XTB MENA’s Hani Abuagla
Oct 17 2024 - International
WEB Travel has downgraded revenue margin guidance for the second time in four months, raising questions of whether there are structural issues in the once buoyant European region
Oct 17 2024 - Small Caps
The health of the US economy trumps presidential politics, argues Federated Hermes’ Charlotte Daughtrey, with quality smaller cap companies to benefit most
Oct 16 2024 - International
Tony Sycamore, Market Analyst, IG updated his technical views on the Nasdaq, ASX200 and WTI crude oil
Oct 16 2024 - Technicals
A glance through the latest expert views and predictions about commodities: After the recent oil price rally, brokers weigh the competing forces of geopolitical turmoil against negative oil market fundamentals
Oct 16 2024 - Commodities
PR NEWSWIRE
Telix Files Form 20-F Registration Statement for Nasdaq ADS
8:32 AM - PR NewsWire
Telix Q3 2024 Business Update – Quarterly Revenue Exceeds AU$200M
Oct 17 2024 - PR NewsWire
Ampace will Showcase Innovative Energy Storage Solutions at All-Energy Australia 2024, Exploring Pathways for Energy Transition
Oct 17 2024 - PR NewsWire
RUDI'S VIEWS
Rudi’s View: AI, Lithium, Uranium & Steadfast
Part Two of this week’s Weekly Insights contains: -Profit forecasts in Australia and the USA-Uranium stocks on the move-Lithium spurred…
Oct 17 2024
DAILY MARKET REPORTS
ASX Winners And Losers Of Today – 17-10-24
The table inside ranks the 20 biggest percentage winners and losers among stocks in the ASX300 at the end of each trading day
Oct 17 2024
Australian Broker Call *Extra* Edition – Oct 17, 2024
Extra Edition of the Broker Call Report
Oct 17 2024
Today’s Financial Calendar – 17-10-2024
Significant Scheduled Events For 17 October, 2024
Oct 17 2024
ASX Winners And Losers Of Today – 16-10-24
The table inside ranks the 20 biggest percentage winners and losers among stocks in the ASX300 at the end of each trading day
Oct 16 2024
WEEKLY REPORTS
In Case You Missed It – BC Extra Upgrades & Downgrades – 18-10-24
A summary of the highlights from Broker Call Extra updates throughout the week past
11:29 AM
Weekly Top Ten News Stories – 18 October 2024
Our top ten news stories from 10 October 2024 to 17 October 2024
11:00 AM
In Brief: Lithium, Brazilian Rare Earths & Fineos
Weekly Broker Wrap: Potential lithium stock targets for M&A; Brazilian Rare Earths in focus and Fineos’ second major client a possible game changer
10:11 AM
The Short Report – 17 Oct 2024
FNArena’s weekly update on short positions in the Australian share market
Oct 17 2024
Weekly Update On LICs & LITs – 15-Oct-2024
Weekly update of Listed Investment Companies (LICs) & Listed Investment Trusts (LITs) on the ASX
Oct 15 2024
Uranium Week: Nuclear Support Broadening
Technological innovation in nuclear energy power generation is the growing narrative behind a positive outlook on uranium
Oct 15 2024
Australian Listed Real Estate Tables – 14-10-2024
FNArena provides a weekly update of Australian listed real estate trusts (REIT) and property developers, current pricing yield and valuation data
Oct 14 2024
Weekly Ratings, Targets, Forecast Changes – 11-10-24
Weekly update on stockbroker recommendation, target price, and earnings forecast changes
Oct 14 2024
Next Week At A Glance – 14-17 Oct 2024
A brief look at important company events and economic data releases next week
Oct 11 2024
THE MARKETS
-
Australia
18 October 2024 Updated : 12:42 AEDT
SPI Overnight
8364.00
-27.00
-0.32%
NZ50
12778.810
+10.270
0.080%
All Ordinaries
8569.20
-54.90
-0.64%
S&P ASX 200
8298.80
-57.10
-0.68%
S&P ASX 300
8239.00
-57.00
-0.69%
Communication Services
1614.90
-6.80
-0.42%
Consumer Discretionary
3763.00
-61.40
-1.61%
Consumer Staples
12244.50
+0.60
0.00%
Energy
8978.80
-85.60
-0.94%
Financials
8553.30
-4.20
-0.05%
Health Care
45719.30
-84.00
-0.18%
Industrials
7516.40
-49.20
-0.65%
Info Technology
2637.00
-33.90
-1.27%
Materials
17461.30
-229.00
-1.29%
Real Estate
4050.80
-61.20
-1.49%
Utilities
8765.90
-180.90
-2.02%
A-REITs
1848.20
-28.60
-1.52%
All Technology Index
3522.80
-15.40
-0.44%
Banks
3592.20
-0.70
-0.02%
Gold Index
9488.30
+35.50
0.38%
Metals & Mining
5701.40
-76.30
-1.32%
-
World
18 October 2024 Updated : 12:42 AEDT
CAD/USD
0.7250
0.00
-0.10%
EUR/JPY
162.41
-0.11
-0.06%
EUR/USD
1.0832
0.00
-0.19%
GBP/USD
1.3019
+0.00
0.29%
USD/JPY
149.95
+0.23
0.16%
-
Aus Stocks
18 October 2024 Updated : 12:42 AEDT
Amcor (US)
11.25
-0.05
-0.44%
Newmont (US)
56.50
+0.23
0.41%
Rio Tinto (UK)
4945.67
-93.33
-1.85%
BHP Group (US)
56.89
+0.16
0.28%
Rio Tinto (US)
65.09
-0.86
-1.30%
ResMed (US)
239.59
+1.25
0.52%
South32 (UK)
192.66
+3.46
1.83%
James Hardie (US)
36.70
+0.03
0.08%
Janus Henderson (US)
40.67
+0.13
0.32%
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CALENDAR
Friday, 18 October 2024
JP Sept CPI CH 3Q GDP, Sept Retail sales UK Sept retail sales US Sept Housing starts, Building permits AFG AGM ALX Operational Update BPT Operationally Update EVT AGM PWH AGM RUL AGM YAL Qtrly update Monday, 21 October 2024
AOV AGM ALL WEATHER STOCKS
Code Company Price CAR CAR GROUP LIMITED 
$36.84 CSL CSL LIMITED
$300.30 REA REA GROUP LIMITED 
$222.68 TNE TECHNOLOGY ONE LIMITED
$24.20 WOW WOOLWORTHS GROUP LIMITED
$32.61 WEEKLY PDF
Stories To Read From FNArena
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FNARENA TALKS
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FNARENA WINDOWS
Window on BUSINESS & CONSUMER CREDIT
COG Financial Services Screens ‘Too Cheap’
A cheap valuation and chunky dividend yield make COG Financial Services a compelling story
10:35 AM
Window on NEW BATTERY ELEMENTS
In Brief: Lithium, Brazilian Rare Earths & Fineos
Weekly Broker Wrap: Potential lithium stock targets for M&A; Brazilian Rare Earths in focus and Fineos’ second major client a possible game changer
10:11 AM
Window on TRAVEL, LEISURE & TOURISM
What Happened To WEB Travel’s Growth Outlook?
WEB Travel has downgraded revenue margin guidance for the second time in four months, raising questions of whether there are structural issues in the once buoyant European region
Oct 17 2024
GEN AI
Dicker Data Preps For PC Refresh Cycle Upswing
Analysts see value in Dicker Data shares based on second quarter momentum and potential upside to PC sales
Sep 17 2024