FINANCIAL NEWS
The Great LIC And LIT Discount Dilemma – A Structural Reckoning
The persistent discount crisis facing Australian Listed Investment Companies (LICs) and Listed Investment Trusts (LITs) represents more than a cyclical pricing anomaly
11:30 AM
Australian Broker Call *Extra* Edition – Sep 15, 2025
Extra Edition of the Broker Call Report
11:00 AM
Can Origin Energy Release The Kraken?
Origin Energy’s valuation potential rests to a great extent on the possible de-merger of Kraken from minority-owned Octopus Energy
10:30 AM
Weekly Ratings, Targets, Forecast Changes – 12-09-25
Weekly update on stockbroker recommendation, target price, and earnings forecast changes
10:05 AM
The Monday Report – 15 September 2025
Wrap of events affecting the market on Friday night and the weekend and a preview of the week ahead
8:27 AM
Macquarie rates BRG as Outperform
Macquarie Kitchen Benchmark revenue rose 1.8% on the prior year for 2Q 2025 and the De'Longhi revenue index growth was 12%.
From 2018-2024, Breville Group has outperformed the Benchmark revenue growth by around 11% due to strength in coffee, new product development, and new markets, the analyst notes.
Williams Sonoma, a US retail channel, upgraded its 2025 revenue guidance by 2%, and Currys UK, a leading retail channel for Breville, reported like-for-like revenue growth of 3% for the 17 weeks ending August 30.
Uncertainty around tariffs continues to create challenges and volatility for small domestic appliance markets, and many companies have started to announce price increases in the US market, including De'Longhi, Electrolux, Shark Ninja, to name a few.
No change in Outperform rating and $39.20 target price. No change in the analyst's EPS forecasts.
Citi rates JBH as Buy
Citi has a Buy rating on both JB Hi-Fi and Harvey Norman, and expects both to outperform the market as consensus earnings are revised higher. For context, the broker's FY26 EBIT forecasts for both are 4% above consensus.
The broker expects the company to benefit from an improved outlook for consumer spending, growth in PCs, gaming, and especially robot vacuums, as well as further gains in market share.
No change to forecasts. Target price $120.
Macquarie rates OBM as Downgrade to Underperform from Outperform
Ora Banda Mining is downgraded by Macquarie to Underperform from Outperform with an unchanged target of 95c post the updated resource and reserve growth update.
The miner's annual R&R statement showed resources up 8% to 2.1Moz and ore reserves up 24% to 236koz (net of depletion), with an underground reserve of around 1.7mt at 3.3g/t for 176koz.
The bulk of the reserve is from Sand King, the analyst highlights, rising 54% to 84koz, and Riverina up 5% to 92koz.
Further growth is flagged from the sizeable exploration program over FY26, which is expected to boost resource/reserves.
Macquarie trims production estimates from lower Riverina grades and reduces FY26 EPS estimate by -9%.
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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 |
|---|---|---|---|
$33.19 12 Sep |
OPEN $33.10 |
HIGH $33.29 | 9,856,648 LOW $32.80 |
0.350| TARGET | |||
| $29.823-10.1% downside | |||
| Franking for last dividend paid out: 100% |
| Title | FY23 Actual | FY24 Actual | FY25 Forecast | FY26 Forecast |
|---|---|---|---|---|
| EPS (cps) | xxx | 218.0 | 220.6 | xxx |
| DPS (cps) | xxx | 166.0 | 154.0 | xxx |
| EPS Growth | xxx | - 8.0% | 1.2% | xxx |
| DPS Growth | xxx | - 5.1% | - 7.2% | xxx |
| PE Ratio | xxx | N/A | 14.9 | xxx |
| Dividend Yield | xxx | N/A | 4.7% | xxx |
| Div Pay Ratio(%) | xxx | 76.2% | 69.8% | xxx |
DAILY FINANCIAL NEWS
The Great LIC And LIT Discount Dilemma – A Structural Reckoning
The persistent discount crisis facing Australian Listed Investment Companies (LICs) and Listed Investment Trusts (LITs) represents more than a cyclical pricing anomaly
11:30 AM - Australia
Origin Energy’s valuation potential rests to a great extent on the possible de-merger of Kraken from minority-owned Octopus Energy
10:30 AM - Australia
Overviews in raw numbers and calculations that might assist investors with assessing trends and currents that might not be apparent from daily volatility and movements
Sep 13 2025 - Australia
This week’s trading update by Metcash showed ongoing sales growth in FY26 with early signs management’s hardware strategy may be unlocking value
Sep 12 2025 - Australia
Combining an attractive business model with an appealing housing model for older Australians has already placed GemLife Communities on the radar of institutional investors
Sep 11 2025 - Small Caps
Global oil markets are preparing for over-supply, but when it comes to oil, is anything ever set in stone?
Sep 11 2025 - Commodities
PR NEWSWIRE
Virtual IT Group and The Instillery Go to Town on Zero Trust
5:00 AM - PR NewsWire
Novelty Vending Global Offers 500 Free Family Vending Attractions to Venues Nationwide
Sep 12 2025 - PR NewsWire
Sigenergy Expands VPP Integration in Australia with Powow to Enable FCAS Participation for Users
Sep 12 2025 - PR NewsWire
Kazia Therapeutics Reports Complete Ex Vivo Disruption of Large Circulating Tumor Cell Clusters in Stage IV HER2-Positive Breast Cancer with Paxalisib Monothera
Sep 11 2025 - PR NewsWire
40 MONTPELIER PTY LTD ANNOUNCES OFFERING OF AUD 50,792,808 SENIOR SECURED LOAN NOTE OFFER
Sep 11 2025 - PR NewsWire
Aduna and Soprano Design, Partner to Expand Network API Adoption Across Australia and Global Markets
Sep 11 2025 - PR NewsWire
RUDI'S VIEWS
Rudi’s View: US Equities, CSL, Macquarie Technology, Xero & More
In today’s update:
-US Equities not over-valued (!?)
-Question received about CSL
-Question received about Macquarie Technology
-Question whether expansion into the US is a graveyard for corporate Australia
Sep 11 2025
DAILY MARKET REPORTS
Australian Broker Call *Extra* Edition – Sep 15, 2025
Extra Edition of the Broker Call Report
11:00 AM
The Monday Report – 15 September 2025
Wrap of events affecting the market on Friday night and the weekend and a preview of the week ahead
8:27 AM
ASX Winners And Losers Of Today – 12-09-25
The table inside ranks the 20 biggest percentage winners and losers among stocks in the ASX300 at the end of each trading day
Sep 12 2025
The Overnight Report: CPI Powers New Highs
A global perspective on what happened overnight
Sep 12 2025
Today’s Financial Calendar – 12-09-2025
Significant Scheduled Events For 12 September, 2025
Sep 12 2025
ASX Winners And Losers Of Today – 11-09-25
The table inside ranks the 20 biggest percentage winners and losers among stocks in the ASX300 at the end of each trading day
Sep 11 2025
WEEKLY REPORTS
Weekly Ratings, Targets, Forecast Changes – 12-09-25
Weekly update on stockbroker recommendation, target price, and earnings forecast changes
10:05 AM
Next Week At A Glance – 15-19 Sep 2025
A brief look at important company events and economic data releases next week
Sep 12 2025
Weekly Top Ten News Stories – 12 September 2025
Our top ten news stories from 04 September 2025 to 11 September 2025
Sep 12 2025
In Case You Missed It – BC Extra Upgrades & Downgrades – 12-09-25
A summary of the highlights from Broker Call Extra updates throughout the week past
Sep 12 2025
In Brief: NRW Holdings, Aroa Biosurgery, Online Retail Winners
This week’s harvest ranges from winning online retailers to a contractor catching secular tailwinds and a biotech in the US regulatory slipstream
Sep 12 2025
The Short Report – 11 Sep 2025
FNArena’s weekly update on short positions in the Australian share market
Sep 11 2025
Weekly Update On LICs & LITs – 09-Sep-2025
Weekly update of Listed Investment Companies (LICs) & Listed Investment Trusts (LITs) on the ASX
Sep 09 2025
Uranium Week: Tripling Nuclear Capacity By 2050
A quiet spot U308 market, belied the bullish forecasts emanating from the World Nuclear Association’s London symposium
Sep 09 2025
Australian Listed Real Estate Tables – 08-09-2025
FNArena provides a weekly update of Australian listed real estate trusts (REIT) and property developers, current pricing yield and valuation data
Sep 08 2025
Stephen Innes in today's Overnight Report @FNArena :
"investors who don’t adapt will find themselves navigating with broken instruments, while those who recognize the new cartography may discover entire continents of value hiding just beyond the visible horizon."…
My Weekly Insights this week counters the narrative of a pending significant sell-off plus questions from investors
#investing #XJO #equities #stocksinfocus $CSL $MAQ $WTC #XRO $JHX $REH
Rudi's View: US Equities, CSL, Macquarie Technology, Xero & More - FNArena.com
In today's update: -US Equities not over-valued (!?) -Question received about CSL -Question received about Macquarie T...
fnarena.com
The Australian share market looks set to charge higher on Friday following a strong night in the United States. According to the latest SPI futures, the ASX 200 index is expected to open 43 points or 0.5% higher this morning. #ausecon
THE MARKETS
Australia
15 September 2025 Updated : 13:42 AEDT
SPI Overnight
8804.00
-59.00
-0.67%
NZ50
13178.850
-49.050
-0.370%
All Ordinaries
9109.60
-19.10
-0.21%
S&P ASX 200
8841.10
-23.80
-0.27%
S&P ASX 300
8787.10
-22.80
-0.26%
Communication Services
1886.30
-7.50
-0.40%
Consumer Discretionary
4515.40
+7.40
0.16%
Consumer Staples
12207.70
+28.50
0.23%
Energy
8786.20
+56.90
0.65%
Financials
9620.90
-41.90
-0.43%
Health Care
38152.50
-438.00
-1.13%
Industrials
8551.40
-4.20
-0.05%
Info Technology
2966.70
+7.60
0.26%
Materials
17757.30
-79.30
-0.44%
Real Estate
4213.60
+13.60
0.32%
Utilities
9945.50
+12.80
0.13%
A-REITs
1938.50
+6.70
0.35%
All Technology Index
4220.40
+1.20
0.03%
Banks
4104.20
-15.50
-0.38%
Gold Index
14349.80
-347.00
-2.36%
Metals & Mining
6028.10
-31.40
-0.52%
World
15 September 2025 Updated : 13:42 AEDT
CAD/USD
0.7226
+0.00
0.12%
EUR/JPY
172.99
-0.53
-0.31%
EUR/USD
1.1730
0.00
-0.04%
GBP/USD
1.3565
+0.00
0.06%
USD/JPY
147.67
0.00
0.00%
Aus Stocks
15 September 2025 Updated : 13:42 AEDT
Amcor (US)
8.28
-0.05
-0.60%
Newmont (US)
79.25
-0.40
-0.50%
Rio Tinto (UK)
4597.00
+5.50
0.12%
BHP Group (US)
54.07
-0.14
-0.26%
Rio Tinto (US)
62.44
-0.12
-0.19%
ResMed (US)
270.14
-4.68
-1.70%
South32 (UK)
126.80
+0.80
0.63%
James Hardie (US)
19.99
-0.02
-0.10%
Janus Henderson (US)
44.94
-0.43
-0.95%
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CALENDAR
Monday, 15 September 2025
JP Public Holiday CH Aug Industrial production CH Aug Retail sales CH Aug Unemployment EZ July Trade Bal AAL ex-div 1.70c (100%) CCP ex-div 36.00c (100%) CNU ex-div 26.43c DTL ex-div 15.00c (100%) EGG ex-div 1.30c (100%) EZL ex-div 3.50c (100%) FWD ex-div 13.50c (100%) GYG ex-div 12.60c (100%) ALL WEATHER STOCKS
Code Company Price CAR CAR GROUP LIMITED 
$38.26CSL CSL LIMITED $204.25REA REA GROUP LIMITED 
$229.23TNE TECHNOLOGY ONE LIMITED $37.56WOW WOOLWORTHS GROUP LIMITED $27.99WEEKLY PDF
Stories To Read From FNArena
WEEK 37
WEEK 36
WEEK 35
WEEK 34
WEEK 33
FNARENA TALKS
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FNARENA WINDOWS
Window on WEALTH MANAGEMENT & INVESTMENTS
The Great LIC And LIT Discount Dilemma – A Structural Reckoning
The persistent discount crisis facing Australian Listed Investment Companies (LICs) and Listed Investment Trusts (LITs) represents more than a cyclical pricing anomaly
11:30 AM
Window on INFRASTRUCTURE & UTILITIES
Can Origin Energy Release The Kraken?
Origin Energy’s valuation potential rests to a great extent on the possible de-merger of Kraken from minority-owned Octopus Energy
10:30 AM
Window on INFRA & PROPERTY DEVELOPERS
August 2025 Results – The Wrap
Final stats and insights from a reporting season in August that has surprised on so many fronts
Sep 12 2025
GEN AI
Infratil’s Growing (Undervalued) Digital Exposure
Exciting growth opportunities abound for New-Zealand based infrastructure play Infratil. Management has consistently generated value for shareholders over time
Sep 10 2025