Brokers were underwhelmed by the FY14 results but back the CEO’s strategic plan, although patience is required.
A wrap of the day’s activity on the Australian stock market.
Aurizon Holdings disappointed brokers with plans for increased capital expenditure suggesting a diminishment of capital management options.
Ardent Leisure delivered robust FY14 results. Brokers are quietly confident in the growth outlook and Main Event expansion.
A wrap of the day’s activity on the Australian stock market.
James Hardie posted a soft first quarter, disappointing the market, but most brokers expect the weakness to be temporary.
Automotive Holdings revealed surprising resilience in its vehicle franchise in FY14, while weakness in refrigerated transport persisted.
Weekly update on recommendation, target price, and earnings forecast changes.
A wrap of the day’s activity on the Australian stock market.
Crown Resorts turned around a lacklustre first half to deliver a strong FY14 result, with promise of improved dividends.