Other Industrials

IPH Ltd has acquired Pizzeys Patent, one of the fastest growing IP firms in Australia. Brokers welcome the synergies the acquisition offers.

After a visit to the Louisiana ammonia plant in the US several brokers have returned more confident in the economics of the project and the outlook for Incitec Pivot.

Brokers suggest picking carefully among engineers & contractors in order to seek out those least exposed to the mining downturn.

Law firm Slater & Gordon has improved accounting transparency but the market awaits confirmation from ASIC that there are no further issues.

Spotless Group beat prospectus and forecasts in FY15 and brokers remain attracted to the growth potential.

FNArena’s Treasure Chest reports on money making ideas from stockbrokers and other experts. UBS suspects investors are getting a free ride on Cabcharge Australia.

Orica has acknowledged the deteriorating conditions in its key end-markets and sharply downgraded profit expectations.

Brokers remain concerned about the outlook for Downer EDI but concede the company has some advantages relative to its more mining-exposed peers.

Navitas’ remains a longer term story but near term headwinds will keep earnings growth at bay.

FNArena’s Treasure Chest reports on money making ideas from stockbrokers and other experts. One broker believes the market’s profit growth expectations for Orica are unrealistic the stock is vulnerable to a rebasing of forecasts.