Nufarm has advised the market debt levels will be higher than previously expected but brokers have taken the news in stride and upgraded the stock on valuation grounds.
A wrap of events affecting the market on Friday night and the weekend and a preview of the week ahead.
Some are perplexed as to why the world’s biggest miner is trying to move into agriculture, but analysts simply question why an acquisition of such size is required to do so.
Positive retail earnings, positive economic data and another big takeover offer in the agri space. Anyone would think we were in a bull market last night. Dow up 103.
A Canadian bid for AWB exposes value in Australia’s beaten down agricultural sector while possibly threatening local fertiliser producers.
A glance through the latest expert views and predictions about commodities with Deutsche Bank on new commodity indices, Citi positive on metal prices and Credit Suisse looking at transaction multiples in Oz coal stocks.
A glance through the latest expert views and predictions about commodities including bearishness on nickel, questions over platinum and gold, and positive market conditions for Gaincorp.
Australian companies begin reporting FY10 results next week. FNArena provides some useful tips for the small investor – what to look out for, and what traps not to fall into.
Reuters chartist Wang Tao has published some very dire projections for the six months ahead.
UBS has made minor changes to its model portfolio to reflect May market action, while RBS has identified potential ASX100 earnings surprises in August’s reporting season.