FINANCIAL NEWS

ASX Winners And Losers Of Today – 29-05-24

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

6:35 PM


Research To Download: Bell Financial, Cash Converters, EML Payments, Freelancer, Qualitas & More

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

3:27 PM


Technical Views On Nasdaq, ASX200 & WTI Crude

Tony Sycamore, Market Analyst, IG offers technical analysis updates on the Nasdaq, the ASX200, and WTI crude oil

11:30 AM


Is Telstra’s Dividend Outlook At Risk?

Brokers are weighing up whether the latest operational restructuring might prevent Telstra from lifting its dividend in the years to come

11:00 AM


Australian Broker Call *Extra* Edition – May 29, 2024

Extra Edition of the Broker Call Report

10:30 AM


Macquarie rates ALL as Outperform

The Macquarie analyst views the strategic move by Aristocrat Leisure to potentially sell Plarium and Big Fish, excluding Social Casino, as a re-rating catalyst for the stock.

The broker forecasts the sale could fetch US$910-US$1,180m, with the high-end valuation supported by comparable mobile gaming companies such as RAID: Shadow Legends.

Selling these assets would free up the company to focus on land-based gaming, Social Casino, and real-money gambling, improving the strategic focus and capital returns, according to the broker.

Earnings forecasts are tweaked by 1% for FY24 and FY25. Outperform rating and $50.50 target unchanged.

Bell Potter rates SMP as Downgrade to Hold from Buy

Bell Potter saw how SmartPay's FY24 earnings result met expectations.

Revenue growth of 24.1% year-on-year was viewed as "soft" but offset by a lower cost base, which declined to 34.8% of revenues against 38.2% in FY23.

The broker highlights considerably weaker free cashflows from internal software development, hardware inventories and other network infrastructure spend ahead of the 3G shutdown.

The higher churn rate is a surprise to Bell Potter and the broker lowers the FY25 EPS forecast by -29%.

Rating downgraded to a Hold from Buy and the target price lowered to $1.30 from $1.76.

Morgan Stanley rates TRS as Equal-weight

Following a trading update, Morgan Stanley lowers its target for Reject Shop to $3.70 from $4.75 as gross margin pressure and cost-of-doing-business (CODB) weigh, despite ongoing improvement for customer count and units per basket.

FY24 EBIT guidance of $4.0-5.5m (pre AASB-16) compares to $13.3m in the previous corresponding period.

Sales growth has moderated to 4.1% in the 2H so far, after tracking at 4.8% at the start of the 2H, explains the broker.

All up, there is negative earnings momentum and clear pressures in terms of mix, shrinkage and cost inflation, and the broker feels inflationary pressures will be hard to offset.

The Equal-weight rating is maintained. Industry view is In-Line.

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:

PWR | PETER WARREN AUTOMOTIVE HOLDINGS LIMITED

Abbreviated format - see the full version here


LAST PRICE CHANGE +/- CHANGE % VOLUME

$1.87

28 May
2024

-0.270

OPEN

$2.03

-12.62%

HIGH

$2.03

1,283,995

LOW

$1.85

TARGET
$4.230 126.2% upside
Franking for last dividend paid out: 100%
FNARENA'S MARKET CONSENSUS FORECASTS
PWR: 1
Title FY22
Actual
FY23
Actual
FY24
Forecast
FY25
Forecast
EPS (cps) xxx 32.8 24.5 xxx
DPS (cps) xxx 22.0 14.8 xxx
EPS Growth xxx - 1.7% - 25.1% xxx
DPS Growth xxx 0.0% - 32.6% xxx
PE Ratio xxx N/A 7.6 xxx
Dividend Yield xxx N/A 8.0% xxx
Div Pay Ratio(%) xxx 67.1% 60.4% xxx

FOLLOW US ON SOCIAL MEDIA

FIND FNARENA ON
Facebooktwitter

DAILY FINANCIAL NEWS

Research To Download: Bell Financial, Cash Converters, EML Payments, Freelancer, Qualitas & More

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

3:27 PM - FYI


Tony Sycamore, Market Analyst, IG offers technical analysis updates on the Nasdaq, the ASX200, and WTI crude oil

11:30 AM - Technicals


Brokers are weighing up whether the latest operational restructuring might prevent Telstra from lifting its dividend in the years to come

11:00 AM - Australia


Analysts raise targets for Xero after FY24 results demonstrated management’s commitment to balancing growth with profitability

May 28 2024 - Australia


Michael Gable of Fairmont Equities reports the uptrend for shares in Lovisa Holdings is preparing for the next leg higher

May 28 2024 - Technicals


Nvidia didn’t save the markets, but it did silence the naysayers, for now. What may possibly lay ahead?

May 27 2024 - International


RUDI'S VIEWS

Rudi’s View: It’s Special vs Cheap, But Who’s Most At Risk?

By Rudi Filapek-Vandyck, Editor From the moment one starts looking for that 'special' corporate quality on the ASX, it is…

10:00 AM

DAILY MARKET REPORTS

ASX Winners And Losers Of Today – 29-05-24

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

6:35 PM


Australian Broker Call *Extra* Edition – May 29, 2024

Extra Edition of the Broker Call Report

10:30 AM


The Overnight Report: Another Down Day Ahead

A global perspective on what happened overnight

8:22 AM


Today’s Financial Calendar – 29-05-2024

Significant Scheduled Events For 29 May, 2024

8:15 AM


ASX Winners And Losers Of Today – 28-05-24

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

May 28 2024


Australian Broker Call *Extra* Edition – May 28, 2024

Extra Edition of the Broker Call Report

May 28 2024


The Overnight Report: ASX200 To Test 7800

A global perspective on what happened overnight

May 28 2024


WEEKLY REPORTS

Weekly Update On LICs & LITs – 28-May-2024

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

May 28 2024

Uranium Week: Soft US Import Waivers

The uranium market has been pleasantly surprised by the rather soft guidance on waivers included in the legal ban to import uranium from Russia into the USA

May 28 2024

Australian Listed Real Estate Tables – 27-05-2024

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

May 27 2024


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

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

May 27 2024

Weekly Top Ten News Stories – 24 May 2024

Our top ten news stories from 16 May 2024 to 23 May 2024

May 24 2024

Next Week At A Glance – 27-31 May 2024

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

May 24 2024


In Case You Missed It – BC Extra Upgrades & Downgrades – 24-05-24

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

May 24 2024

In Brief: Retail, Travel, Top Dividends, Banks & Telstra

Weekly Broker Wrap: new technology may lift some discretionary retailers; positive dynamics for the travel sector; the best ASX stocks for dividends; overvalued Australian banks & Telstra’s trading update

May 24 2024

The Short Report – 23 May 2024

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

May 23 2024


FOLLOW US ON SOCIAL MEDIA

FIND FNARENA ON
Facebooktwitter

THE MARKETS

    Click item/line to change chart

  • Australia

    29 May 2024   Updated : 20:12   AEDT

    SPI Overnight

    7746.00

    -46.00

    -0.59%

    NZ50

    11678.680

    -3.830

    -0.030%

    All Ordinaries

    7935.70

    -99.20

    -1.23%

    S&P ASX 200

    7665.60

    -101.10

    -1.30%

    S&P ASX 300

    7616.00

    -99.40

    -1.29%

    Communication Services

    1445.00

    -17.90

    -1.22%

    Consumer Discretionary

    3344.70

    -49.40

    -1.46%

    Consumer Staples

    11646.00

    -247.00

    -2.08%

    Energy

    10159.20

    -61.20

    -0.60%

    Financials

    7231.00

    -127.80

    -1.74%

    Health Care

    41849.60

    -523.50

    -1.24%

    Industrials

    6763.70

    -128.90

    -1.87%

    Info Technology

    2290.60

    -10.80

    -0.47%

    Materials

    18247.20

    -128.80

    -0.70%

    Real Estate

    3619.00

    -46.60

    -1.27%

    Utilities

    9073.40

    -91.80

    -1.00%

    A-REITs

    1644.90

    -20.80

    -1.25%

    All Technology Index

    3036.50

    -20.00

    -0.65%

    Banks

    3018.30

    -59.60

    -1.94%

    Gold Index

    7744.60

    -5.80

    -0.07%

    Metals & Mining

    6056.00

    -32.90

    -0.54%

    Click item/line to change chart

  • Australasia

    29 May 2024   Updated : 20:12   AEDT

    AUD/USD

    0.6642

    0.00

    -0.26%

    AUD/NZD

    1.0825

    +0.00

    0.16%

    NZD/USD

    0.6136

    0.00

    -0.39%

    AUD/JPY

    104.42

    -0.07

    -0.07%

    SGD/AUD

    1.12

    +0.00

    0.14%

    AUD/EUR

    0.6122

    +0.00

    0.02%

    AUD/GBP

    0.5206

    0.00

    -0.10%

    AUDCAD

    0.9076

    +0.00

    0.02%

  • World

    29 May 2024   Updated : 20:12   AEDT

    CAD/USD

    0.7318

    0.00

    -0.30%

    EUR/JPY

    170.57

    -0.14

    -0.08%

    EUR/USD

    1.0850

    0.00

    -0.28%

    GBP/USD

    1.2759

    0.00

    -0.15%

    USD/JPY

    157.20

    +0.29

    0.18%

    Click item/line to change chart

  • World

    29 May 2024   Updated : 20:12   AEDT

    FTSE100

    8224.89

    -29.29

    -0.35%

    DAX30

    18564.15

    -113.72

    -0.61%

    Hang Seng

    18477.01

    -344.15

    -1.83%

    Nikkei 225

    38556.87

    -298.50

    -0.77%

    DJIA

    38852.86

    -216.73

    -0.55%

    S&P500

    5306.04

    +1.32

    0.02%

    Nasdaq Comp

    17019.88

    +99.09

    0.59%

    S&P500 VIX

    14.05

    +1.69

    13.67%

    US 10-year yield

    4.542

    +0.075

    1.680%

    USD Index

    104.62

    +0.04

    0.04%

  • Aus Stocks

    29 May 2024   Updated : 20:12   AEDT

    Amcor (US)

    9.83

    -0.11

    -1.11%

    Newmont (US)

    42.40

    +0.42

    1.00%

    Rio Tinto (UK)

    5536.00

    -53.00

    -0.95%

    BHP Group (US)

    59.60

    -0.03

    -0.05%

    Rio Tinto (US)

    70.86

    -0.99

    -1.38%

    ResMed (US)

    207.17

    -6.09

    -2.86%

    South32 (UK)

    206.13

    +1.33

    0.65%

    James Hardie (US)

    31.48

    +0.24

    0.77%

    Janus Henderson (US)

    33.79

    -0.59

    -1.72%

    Click item/line to change chart

  • Metals & Minerals

    29 May 2024   Updated : 07:47   AEDT

    Gold (oz)

    2360.90

    +8.50

    0.36%

    Silver (oz)

    32.02

    +0.42

    1.33%

    Copper (lb)

    4.7435

    +0.09

    1.86%

    Aluminium (lb)

    1.2321

    +0.03

    2.78%

    Nickel (lb)

    9.2486

    +0.11

    1.15%

    Zinc (lb)

    1.4049

    +0.03

    1.83%

    Copper (t)

    10541.00

    +192.00

    1.86%

    Aluminium (t)

    2738.00

    +74.00

    2.78%

    Nickel (t)

    20553.00

    +235.00

    1.16%

    Zinc (t)

    3122.00

    +56.00

    1.83%

    Uranium (lb) weekly

    91.25

    +0.25

    0.27%

    Iron Ore (t)

    117.68

    +0.02

    0.02%

  • Energy

    29 May 2024   Updated : 07:47   AEDT

    West Texas Crude

    80.28

    +1.72

    2.19%

    Brent Crude

    84.31

    +1.49

    1.80%

CALENDAR

Wednesday, 29 May 2024
NZ business confidence, May
AU April CPI
AU construction work done, Q1
FPH earnings report
MAF AGM
MAQ AGM
NUF ex-div 4c
UOS AGM
Thursday, 30 May 2024
NZ building permits, Apr
AU building approvals, Apr
AU private sector capex, Q1
JP Unemployment rate

ALL WEATHER STOCKS

Code Company Price
CAR CAR GROUP LIMITED

$33.97

CSL CSL LIMITED

$278.20

REA REA GROUP LIMITED

$184.27

TNE TECHNOLOGY ONE LIMITED

$17.60

WOW WOOLWORTHS GROUP LIMITED

$31.13

WEEKLY PDF

Stories To Read From FNArena


WEEK 21

WEEK 20

WEEK 19

WEEK 18

WEEK 17

FNARENA TALKS

FNARENA WINDOWS

Window on TELECOMMUNICATION

Is Telstra’s Dividend Outlook At Risk?

Brokers are weighing up whether the latest operational restructuring might prevent Telstra from lifting its dividend in the years to come

11:00 AM


Window on IT & SUPPORT

Rudi’s View: It’s Special vs Cheap, But Who’s Most At Risk?

By Rudi Filapek-Vandyck, Editor From the moment one starts looking for that 'special' corporate quality on the ASX, it is…

10:00 AM


Window on ACCOUNTANCY

Xero’s Growing Cash Balance In Focus

Analysts raise targets for Xero after FY24 results demonstrated management’s commitment to balancing growth with profitability

May 28 2024


SMSFUNDAMENTALS

The Hedge Fund Whisperers: Hints For Retail Investors To Unlock Alpha

Hedge funds have long been shrouded in secrecy, their billion-dollar bets whispered only in hushed tones within mahogany-lined conference rooms. These whispers can be harnessed for the astute retail investor. A succinct guide

May 02 2024