Daily FNArena News - Australia

Stockbrokers have been busy reshuffling their preferred stocks post the August reporting season.

The post-match analysis begins as brokers weigh up the performance of corporate results in this year’s August season.

Kingsgate Consolidate delivered a solid FY10 profit result and analysts sees the company filling the mid-tier Oz gold producer void.

Is Fortescue still just too ambitious? We review following a Goldman Sachs upgrade.

Paladin reported a larger than expected FY10 loss but stockbrokers believe the direction of uranium prices remains key to the company’s outlook.

Asia provided some saving grace against a weak domestic market, but brokers have faith Toll Holdings has seen the worst.

Before its IPO is even complete, Algae.Tec has signed two new company-defining memoranda of understanding requiring a supplementary prospectus and an IPO extension.

Despite a significant second half, BHP’s result still fell short of broker expectations on the earnings line.

Macquarie Airports delivered a solid interest result and a special distribution, the combination enough for brokers to reiterate the stock offers value at current levels.

Today’s release of capex data by the ABS in Australia carried short term disappointment, but also longer term confirmation.