Daily FNArena News - Australia

Yesterday’s RBA rate cut has prompted more brokers to reassess their recommendations on listed independent funds management platforms.

Brokers acknowledge the effort made by South32 to turn around the Illawarra Coal operations. Nevertheless, a return to three longwalls requires a substantial lift in development rates.

In the fallout from the Royal Commission, investment platforms are suffering major funds outflows. Not all, however, are losers.

Margins continue to be squeezed, as banks compete to retain deposits and borrowers struggle to afford loans. Traditional banks are also being confronted by new digital entrants.

Sandfire Resources’ copper project acquisition in Botswana looks very promising to brokers but it is not without inherent risk.

Collins Foods has driven a solid earnings result supported by KFC Australia. Brokers are keen on growth opportunities ahead and the defensive attributes of the stock.

Brokers diverge on whether Caltex’ profit warning represents deep-seated problems or an opportunity to buy.

FNArena’s Monitor keeps track of corporate earnings result releases, including broker views, ratings and target price changes and beat/miss assessments.

Struggling retirement village developer Aveo Group may have been thrown a lifeline by a potential suitor, but the picture is not pretty if the deal falls through.

Yesterday’s share price reaction to an earnings miss from Metcash makes the stock look cheap, but is it a “value trap”?