CORPORATE PROFITS – AUSTRALIA

Price collapse to cost big miners $10bn

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Original article by Barry FitzGerald
The Australian – Page: 19 : 11-Sep-14

Government revenue and the profits of major Australian-listed mining companies will be hit by the downturn in the iron ore price, which is currently trading at around $US83.20 per tonne. Macquarie Group has responded by reducing its profit forecasts for BHP Billiton, Rio Tinto and Fortescue Metals Group by a combined $US3.93bn in 2015 and $US4.76bn in 2016. Macquarie expects the iron ore price to trade at $US92/tonne in 2015

CORPORATES
BHP BILLITON LIMITED – ASX BHP, RIO TINTO LIMITED – ASX RIO, FORTESCUE METALS GROUP LIMITED – ASX FMG, MACQUARIE GROUP LIMITED – ASX MQG, GOLDMAN SACHS AND PARTNERS AUSTRALIA PTY LTD, STANDARD AND POOR’S CORPORATION, ATLAS IRON LIMITED – ASX AGO, CLIFFS NATURAL RESOURCES INCORPORATED

Price collapse to cost big miners $10bn

roymorgansocial Leave a comment

Original article by Barry FitzGerald
The Australian – Page: 19 : 11-Sep-14

Government revenue and the profits of major Australian-listed mining companies will be hit by the downturn in the iron ore price, which is currently trading at around $US83.20 per tonne. Macquarie Group has responded by reducing its profit forecasts for BHP Billiton, Rio Tinto and Fortescue Metals Group by a combined $US3.93bn in 2015 and $US4.76bn in 2016. Macquarie expects the iron ore price to trade at $US92/tonne in 2015

CORPORATES
BHP BILLITON LIMITED – ASX BHP, RIO TINTO LIMITED – ASX RIO, FORTESCUE METALS GROUP LIMITED – ASX FMG, MACQUARIE GROUP LIMITED – ASX MQG, GOLDMAN SACHS AND PARTNERS AUSTRALIA PTY LTD, STANDARD AND POOR’S CORPORATION, ATLAS IRON LIMITED – ASX AGO, CLIFFS NATURAL RESOURCES INCORPORATED

Price collapse to cost big miners $10bn

roymorgansocial Leave a comment

Original article by Barry FitzGerald
The Australian – Page: 19 : 11-Sep-14

Government revenue and the profits of major Australian-listed mining companies will be hit by the downturn in the iron ore price, which is currently trading at around $US83.20 per tonne. Macquarie Group has responded by reducing its profit forecasts for BHP Billiton, Rio Tinto and Fortescue Metals Group by a combined $US3.93bn in 2015 and $US4.76bn in 2016. Macquarie expects the iron ore price to trade at $US92/tonne in 2015

CORPORATES
BHP BILLITON LIMITED – ASX BHP, RIO TINTO LIMITED – ASX RIO, FORTESCUE METALS GROUP LIMITED – ASX FMG, MACQUARIE GROUP LIMITED – ASX MQG, GOLDMAN SACHS AND PARTNERS AUSTRALIA PTY LTD, STANDARD AND POOR’S CORPORATION, ATLAS IRON LIMITED – ASX AGO, CLIFFS NATURAL RESOURCES INCORPORATED

Mail losses widen

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Original article by Joanna Heath
The Australian Financial Review – Page: 7 : 5-Sep-14

Australia Post has reported a 2013-14 profit of $A116.2m, including a profit of $A337.5m for its parcels business. However, its letters business posted a loss of $A328.4m, which is 15 per cent higher than previously. CEO Ahmed Fahour is seeking Federal Government approval to offer a two-tiered mail delivery service, with customers paying more for deliveries every weekday

CORPORATES
AUSTRALIA POST, AUSTRALIA. DEPT OF COMMUNICATIONS

Big things expected from small players

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Original article by Tim Boreham
The Australian – Page: 17 : 1-Sep-14

At the end of the August 2014 corporate profit reporting season, analysts say small- and medium-capitalisation stocks are set to outperform larger ones again in 2014-15. Earnings per share growth for the smaller groups was 17.7% as compared to 7% for blue chips, and is set to reach 21.7% in the current year. This is despite downgrades of between 1.5% and 3%. Among the strongest stocks have been Webjet, Slater & Gordon, G8 Education, Specialty Fashion and Nick Scali

CORPORATES
STANDARD AND POOR’S ASX SMALL ORDINARIES INDEX, WEBJET LIMITED – ASX WEB, SLATER AND GORDON LIMITED – ASX SGH, G8 EDUCATION LIMITED – ASX GEM, SPECIALTY FASHION GROUP LIMITED – ASX SFH, NICK SCALI LIMITED – ASX NCK, CAPILANO HONEY LIMITED – ASX CZZ, SELECT HARVESTS LIMITED – ASX SHV, TASSAL GROUP LIMITED – ASX TGR, TRANSFIELD SERVICES LIMITED – ASX TSE, ACRUX LIMITED – ASX ACR, CHANDLER MACLEOD GROUP LIMITED – ASX CMG, NANOSONICS LIMITED – ASX NAN, BREVILLE GROUP LIMITED – ASX BRG, SENEX ENERGY LIMITED – ASX SXY, BOART LONGYEAR LIMITED – ASX BLY, NONI B LIMITED – ASX NBL, SUBZERO GROUP LIMITED – ASX SZG, PULSE HEALTH LIMITED – ASX PHG, QANTAS AIRWAYS LIMITED – ASX QAN, ASX LIMITED – ASX ASX, CONTANGO ASSET MANAGEMENT LIMITED, SHAW STOCKBROKING LIMITED, PITCHER PARTNERS CORPORATE ADVISORY PTY LTD, LINCOLN INDICATORS PTY LTD

Perpetual returns to global equities

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Original article by Ruth Liew
The Australian Financial Review – Page: 17 : 29-Aug-14

Listed fund manager Perpetual has reported a 2013-14 net profit of $A81.6m, which is 34 per cent higher than previously. Funds under management increased by 18 per cent to $A29.8bn. Perpetual will make a new push into international shares following the appointment of Garry Laurence to head its Global Share Fund. Perpetual shareholders will receive a final dividend of $A0.95 per share

CORPORATES
PERPETUAL LIMITED – ASX PPT, PERPETUAL’S GLOBAL SHARE FUND, THE TRUST COMPANY LIMITED, PM CAPITAL LIMITED, WELLINGTON MANAGEMENT COMPANY LLP, MACQUARIE GROUP LIMITED – ASX MQG, PLATINUM ASSET MANAGEMENT LIMITED – ASX PTM, MAGELLAN ASSET MANAGEMENT PTY LTD, TYNDALL INVESTMENT MANAGEMENT LIMITED

Monash eyes small clinics and Asian leap

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Original article by Jessica Gardner
The Australian Financial Review – Page: 19 : 29-Aug-14

Australian-listed Monash IVF has reported a 2013-14 net profit of $A2.6m, compared with a $A14.6m loss in 2012-13. The group’s revenue of $A114m was 18 per cent higher than previously, and earnings were bolstered by acquisitions and demand for IVF-related services. CEO James Thiedeman has indicated that the group plans to expand in Asia

CORPORATES
MONASH IVF GROUP LIMITED – ASX MVF, VIRTUS HEALTH LIMITED – ASX VRT, PRIMARY HEALTH CARE LIMITED – ASX PRY, MACQUARIE GROUP LIMITED – ASX MQG

Investors cheer as Boral ‘turns corner’

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Original article by Bridget Carter
The Australian – Page: 18 : 28-Aug-14

Building materials group Boral has announced a 2013-14 full-year net profit increase of 181% to $A173m, although revenue declined 2% to reach $A5.2bn. The net result excluding abnormals was up 64% at $A171m. The 12-month distribution has been lifted 36% to $A0.15, and on 27 August 2014 the stock closed $A0.25 higher at $A5.63. CEO Mike Kane said the Australian-listed company was seeing a recovery in the housing market domestically as well as in the US

CORPORATES
BORAL LIMITED – ASX BLD, CSR LIMITED – ASX CSR

BC Iron signals tough times ahead for the Pilbara as ore price pushes two-year low

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Original article by Barry FitzGerald
The Australian – Page: 17 : 28-Aug-14

BC Iron has announced a 2013-14 full-year net profit increase from $A71.4m to $A72.9m. However just 15% of the earnings were generated in the second six months, demonstrating the major negative impact of the weaker iron ore price. The commodity has declined 35% to below $US90 a tonne so far in calendar 2014. BC’s 12-month distribution has also been cut by $A0.03, to $A0.32. MD Morgan Ball says the iron ore price will not fall further

CORPORATES
BC IRON LIMITED – ASX BCI, IRON ORE HOLDINGS LIMITED – ASX IOH, MOUNT GIBSON IRON LIMITED – ASX MGX, ATLAS IRON LIMITED – ASX AGO, FOSTER STOCKBROKING PTY LTD

RCG up amid ‘budget hangover’

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Original article by Leo Shanahan
The Australian – Page: 20 : 27-Aug-14

RCG Corporation has announced a 2013-14 full-year net profit increase of 11.2% to $A11.8m, on revenue that also rose 3% to reach $A210m. The RCG Brands division recorded an EBITDA lift of 37% to $A6.9m, while for the overall group the figure was up 12% at $A16.8m. The final distribution is $A0.025 fully-franked. CEO Hilton Brett says the owner of the Athlete’s Foot retailing chain is still experiencing subdued consumer sentiment due to the Australian Government’s May 2014 Budget

CORPORATES
RCG CORPORATION LIMITED – ASX RCG, RCG BRANDS PTY LTD, THE ATHLETE’S FOOT AUSTRALIA PTY LTD, MERRELL SHOES