FINANCIAL NEWS

The Market In Numbers – 13 Apr 2024

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

Apr 13 2024


ASX Winners And Losers Of Today – 12-04-24

The table inside ranks the 20 biggest percentage winners and losers among stocks in the ASX300 at the end of each trading day

Apr 12 2024


In Case You Missed It – BC Extra Upgrades & Downgrades – 12-04-24

A summary of the highlights from Broker Call Extra updates throughout the week past

Apr 12 2024


Weekly Top Ten News Stories – 12 April 2024

Our top ten news stories from 04 April 2024 to 11 April 2024

Apr 12 2024


Australian Broker Call *Extra* Edition – Apr 12, 2024

Extra Edition of the Broker Call Report

Apr 12 2024


Bell Potter rates MAD as Buy

Bell Potter's investment thesis for Mader Group remains intact after a review by the broker of key industry and company data. The company provides specialised contract labour for maintenance of heavy mobile equipment in the resources and civil industries.

Acceleration in iron ore production growth (as forecast by the Australian Government) should generate further expansion in Heavy Mobile Equipment fleets, note the analysts. This is expected to enhance repair and maintenance demand and component consumption.

The broker highlights metal ore capital expenditures are at record levels, and notes Mader has the ability to grow revenue in a declining and low iron ore price environment.

The Buy rating and $7.60 target are retained.

Citi rates NST as Neutral

Northern Star Resources has pre-released March quarter results, revealing production of 401,000 ounces for the period. 

Citi, which has anticipated a result of 404,000 ounces, adjusts its forecasts accordingly.

The company has also lifted full year cost guidance to $1,810-1,860 per ounce, and the broker shifts its own cost forecast to $1,820 per ounce pending the full quarterly release.

The Neutral rating and target price of $14.50 are retained.

Macquarie rates ORI as Outperform

Orica’s mid-February trading update noted momentum from the first two months of FY24 (Sep year-end) continued into early 2024, Macquarie notes, and the first half outlook had improved slightly since the FY23 results.

Orica is seeing strength across all geographies, underpinned by focus on commercial discipline (pricing power) and tech adoption.

Burrup is the main near-term re-contracting opportunity in ammonium nitrate, the broker suggests, with good price/mix uplift potential beyond this.

The broker states the key focus is on integrating and delivering on recent acquisitions, supported by a solid underlying market backdrop.

Target rises to $19.05 from $18.82, Outperform retained.

Click here to see full report

ANALYSIS & DATA

FNARENA'S MARKET CONSENSUS FORECASTS

To display the stock analysis for a company please enter the company code:

NWL | NETWEALTH GROUP LIMITED

Abbreviated format - see the full version here


LAST PRICE CHANGE +/- CHANGE % VOLUME

$20.14

12 Apr
2024

0.880

OPEN

$19.75

4.57%

HIGH

$20.19

788,243

LOW

$19.56

TARGET
$18.458 -8.3% downside
Franking for last dividend paid out: 100%
FNARENA'S MARKET CONSENSUS FORECASTS
NWL: 1
Title FY22
Actual
FY23
Actual
FY24
Forecast
FY25
Forecast
EPS (cps) xxx N/A 34.7 xxx
DPS (cps) xxx N/A 29.3 xxx
EPS Growth xxx N/A N/A xxx
DPS Growth xxx N/A N/A xxx
PE Ratio xxx N/A 58.1 xxx
Dividend Yield xxx N/A 1.5% xxx
Div Pay Ratio(%) xxx N/A 84.6% xxx

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DAILY FINANCIAL NEWS

The Market In Numbers – 13 Apr 2024

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

Apr 13 2024 - Australia


US bond yields have rallied back hard, which would typically send the gold price lower. So why has gold rallied hard too?

Apr 11 2024 - Commodities


A glance through the latest expert views and predictions about commodities: bullish outlook for copper prices; bear market not finished for lithium; and value among rare earths miners.

Apr 11 2024 - Commodities


Research reports on ASX-listed companies, to download in full

Apr 10 2024 - FYI


The Chartist reports, despite its recent run-up, the Aussie dollar is consolidating around its 200-day moving average

Apr 10 2024 - Technicals


Race Oncology tells a story all too familiar among developing Aussie biotechs, Tim Boreham reports

Apr 09 2024 - Small Caps


RUDI'S VIEWS

Rudi’s View: Lessons & Observations From ASX All-Weathers

In this week's Weekly Insights: -Lessons & Observations From ASX All-Weathers-Conviction Calls & Best Buys-June Index Rebalancing By Rudi Filapek-Vandyck,…

Apr 10 2024

DAILY MARKET REPORTS

ASX Winners And Losers Of Today – 12-04-24

The table inside ranks the 20 biggest percentage winners and losers among stocks in the ASX300 at the end of each trading day

Apr 12 2024


Australian Broker Call *Extra* Edition – Apr 12, 2024

Extra Edition of the Broker Call Report

Apr 12 2024


The Overnight Report: Narrow Comeback

Wall Street found some relief in last night’s PPI data, but it was all about the Mag7. S&P500 up 0.7%. (Available for non-subscribers after 10am)

Apr 12 2024


Today’s Financial Calendar – 12-04-2024

Significant Scheduled Events For 12 April, 2024

Apr 12 2024


ASX Winners And Losers Of Today – 11-04-24

The table inside ranks the 20 biggest percentage winners and losers among stocks in the ASX300 at the end of each trading day

Apr 11 2024


Australian Broker Call *Extra* Edition – Apr 11, 2024

Extra Edition of the Broker Call Report

Apr 11 2024


The Overnight Report: Too Hot To Handle

The US CPI came in hot, bond yields surged, and the S&P500 fell -1.0%. (Available for non-subscribers after 10am)

Apr 11 2024


WEEKLY REPORTS

In Case You Missed It – BC Extra Upgrades & Downgrades – 12-04-24

A summary of the highlights from Broker Call Extra updates throughout the week past

Apr 12 2024

Weekly Top Ten News Stories – 12 April 2024

Our top ten news stories from 04 April 2024 to 11 April 2024

Apr 12 2024

Next Week At A Glance – 15-19 Apr 2024

A brief look at important company events and economic data releases next week

Apr 12 2024


In Brief: Pro Medicus, Trump’s Trade War & Resi Construction

Weekly Broker Wrap: aggressive new target price for Pro Medicus; fears of a new Trump-inspired trade war; the best REITs for falling interest rates; and lagging starts figures for residential construction

Apr 12 2024

The Short Report – 11 Apr 2024

FNArena’s weekly update on short positions in the Australian share market

Apr 11 2024

Uranium Week: Reasons To Be Cheerful

Brokers are increasingly emphasising the global uranium demand/supply imbalance, and getting on board the market

Apr 09 2024


Weekly Update On LICs & LITs – 09-Apr-2024

Weekly update of Listed Investment Companies (LICs) & Listed Investment Trusts (LITs) on the ASX

Apr 09 2024

Australian Listed Real Estate Tables – 08-04-2024

FNArena provides a weekly update of Australian listed real estate trusts (REIT) and property developers, current pricing yield and valuation data

Apr 08 2024

Weekly Ratings, Targets, Forecast Changes – 05-04-24

Weekly update on stockbroker recommendation, target price, and earnings forecast changes

Apr 08 2024


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THE MARKETS

    Click item/line to change chart

  • Australia

    13 April 2024   Updated : 20:12   AEDT

    SPI Overnight

    7820.00

    -29.00

    -0.37%

    NZ50

    11931.320

    -2.990

    -0.030%

    All Ordinaries

    8050.20

    -23.90

    -0.30%

    S&P ASX 200

    7788.10

    -25.50

    -0.33%

    S&P ASX 300

    7742.40

    -24.40

    -0.31%

    Communication Services

    1529.50

    -10.50

    -0.68%

    Consumer Discretionary

    3490.80

    -26.40

    -0.75%

    Consumer Staples

    11958.60

    -112.20

    -0.93%

    Energy

    10799.90

    -55.40

    -0.51%

    Financials

    7288.90

    -15.10

    -0.21%

    Health Care

    42216.70

    +11.10

    0.03%

    Industrials

    7169.40

    -23.30

    -0.32%

    Info Technology

    2170.90

    +9.70

    0.45%

    Materials

    18410.00

    -69.90

    -0.38%

    Real Estate

    3608.80

    -24.80

    -0.68%

    Utilities

    8640.30

    +105.10

    1.23%

    A-REITs

    1638.10

    -11.80

    -0.72%

    All Technology Index

    3028.40

    +3.60

    0.12%

    Banks

    3020.40

    -10.70

    -0.35%

    Gold Index

    7902.80

    +116.00

    1.49%

    Metals & Mining

    6060.40

    -20.70

    -0.34%

    Click item/line to change chart

  • Australasia

    13 April 2024   Updated : 20:12   AEDT

    AUD/USD

    0.6488

    0.00

    -0.25%

    AUD/NZD

    1.0917

    +0.00

    0.19%

    NZD/USD

    0.5943

    0.00

    -0.44%

    AUD/JPY

    99.45

    -0.27

    -0.27%

    SGD/AUD

    1.13

    +0.00

    0.08%

    AUD/EUR

    0.6080

    0.00

    -0.39%

    AUD/GBP

    0.5208

    +0.00

    0.04%

    AUDCAD

    0.8938

    +0.00

    0.02%

  • World

    13 April 2024   Updated : 20:12   AEDT

    CAD/USD

    0.7259

    0.00

    -0.27%

    EUR/JPY

    163.57

    +0.19

    0.12%

    EUR/USD

    1.0672

    +0.00

    0.15%

    GBP/USD

    1.2457

    0.00

    -0.28%

    USD/JPY

    153.28

    -0.04

    -0.03%

    Click item/line to change chart

  • World

    13 April 2024   Updated : 20:12   AEDT

    FTSE100

    7995.58

    +71.78

    0.91%

    DAX30

    17930.32

    -24.16

    -0.13%

    Hang Seng

    16721.69

    -373.34

    -2.18%

    Nikkei 225

    39523.55

    +80.92

    0.21%

    DJIA

    37983.24

    -475.84

    -1.24%

    S&P500

    5123.41

    -75.65

    -1.46%

    Nasdaq Comp

    16175.09

    -267.10

    -1.62%

    S&P500 VIX

    17.31

    +2.40

    16.10%

    US 10-year yield

    4.378

    +0.069

    1.600%

    USD Index

    105.26

    +0.07

    0.07%

  • Aus Stocks

    13 April 2024   Updated : 20:12   AEDT

    Amcor (US)

    8.91

    -0.16

    -1.76%

    Newmont (US)

    38.64

    -0.43

    -1.10%

    Rio Tinto (UK)

    5281.00

    +51.00

    0.98%

    BHP Group (US)

    58.56

    -0.93

    -1.56%

    Rio Tinto (US)

    65.99

    -0.28

    -0.42%

    ResMed (US)

    185.86

    -3.65

    -1.93%

    South32 (UK)

    172.70

    +1.80

    1.05%

    James Hardie (US)

    36.66

    -0.97

    -2.58%

    Janus Henderson (US)

    31.73

    -0.36

    -1.12%

    Click item/line to change chart

  • Metals & Minerals

    12 April 2024   Updated : 07:39   AEDT

    Gold (oz)

    2371.40

    +38.10

    1.63%

    Silver (oz)

    28.28

    +0.37

    1.33%

    Copper (lb)

    4.2525

    +0.02

    0.46%

    Aluminium (lb)

    1.1174

    +0.01

    0.45%

    Nickel (lb)

    7.9817

    -0.34

    -4.04%

    Zinc (lb)

    1.2555

    +0.02

    1.42%

    Copper (t)

    9450.00

    +43.00

    0.46%

    Aluminium (t)

    2483.00

    +11.00

    0.44%

    Nickel (t)

    17737.00

    -747.00

    -4.04%

    Zinc (t)

    2790.00

    +39.00

    1.42%

    Uranium (lb) weekly

    88.75

    +1.75

    2.01%

    Iron Ore (t)

    104.71

    +0.69

    0.66%

  • Energy

    12 April 2024   Updated : 07:39   AEDT

    West Texas Crude

    85.02

    -1.19

    -1.38%

    Brent Crude

    90.23

    -0.39

    -0.43%

CALENDAR

Monday, 15 April 2024
EZ Germany industrial production, Mar
US Empire State activity index, Apr
US housing market sentiment, Apr
US retail sales, Mar
AIA quarterly report
NHC ex-div 17c (100%)
Tuesday, 16 April 2024
CH fixed asset investment, Mar
CH GDP, Q1
CH industrial production, Mar
CH retail sales, Mar
EZ ZEW business confidence, Apr
UK unemployment, Feb

ALL WEATHER STOCKS

Code Company Price
CAR CAR GROUP LIMITED

$34.06

CSL CSL LIMITED

$281.70

REA REA GROUP LIMITED

$179.08

TNE TECHNOLOGY ONE LIMITED

$16.23

WOW WOOLWORTHS GROUP LIMITED

$32.22

WEEKLY PDF

Stories To Read From FNArena


WEEK 15

WEEK 14

WEEK 13

WEEK 12

WEEK 11

FNARENA TALKS

FNARENA WINDOWS

Window on GOLD & SILVER

The 2024 Gold Enigma

US bond yields have rallied back hard, which would typically send the gold price lower. So why has gold rallied hard too?

Apr 11 2024


Window on MINING

Material Matters: Bullish Copper, Bearish Lithium

A glance through the latest expert views and predictions about commodities: bullish outlook for copper prices; bear market not finished for lithium; and value among rare earths miners.

Apr 11 2024


Window on TECHNOLOGY

Is AI All It’s Cracked Up To Be?

AI is a game-changer, analysts agree, but there remain questions over predicted productivity gains, potential job losses, costs, power requirements and how long AI adoption will take

Apr 10 2024


FEATURE STORIES

Is AI All It’s Cracked Up To Be?

AI is a game-changer, analysts agree, but there remain questions over predicted productivity gains, potential job losses, costs, power requirements and how long AI adoption will take

Apr 10 2024