SHARE PRICES – AUSTRALIA

Domino’s no longer flavour of the month

roymorgansocial Leave a comment

Original article by Eli Greenblat
The Australian – Page: 19 & 31 : 23-Jun-17

Craig Woolford of Citigroup says Domino’s will need to take better care of its franchisees if it is continue to maintain store growth. He notes that the typical Australia/New Zealand Domino’s store has seen its income grow by just 1.2 per cent over the last 12 years, compared with 9.5 per cent for the company as a whole. Woolford rates the stock a "sell". Domino’s shares fell by four per cent on 22 June, bringing to its decline since the start of 2017 to almost 20 per cent.

CORPORATES
DOMINO’S PIZZA ENTERPRISES LIMITED – ASX DMP, CITIGROUP PTY LTD, DEUTSCHE BANK AG, JP MORGAN AUSTRALIA LIMITED, ALPHINITY INVESTMENT MANAGEMENT PTY LTD, ARISTOCRAT LEISURE LIMITED – ASX ALL, TREASURY WINE ESTATES LIMITED – ASX TWE, CSL LIMITED – ASX CSL, COCHLEAR LIMITED – ASX COH, ARMYTAGE PRIVATE LIMITED

Market jitters set off $27bn plunge

roymorgansocial Leave a comment

Original article by David Rogers
The Australian – Page: 1 : 22-Jun-17

The Australian sharemarket shed 1.6 per cent on 21 June, extending its losses since early May to nearly five per cent. The S&P/ASX 200 typically falls in May and June, in the lead-up to the end of the financial year, and it has shed 4.4 per cent over the last two months. A move to add China’s A shares to the MSCI Emerging Markets Index weighed on sharemarkets across the Asia-Pacific region, although China’s CSI 300 Index rose 1.2 per cent.

CORPORATES
STANDARD AND POOR’S ASX 200 INDEX, CSI 300 INDEX, MSCI EMERGING MARKETS INDEX, BELL POTTER SECURITIES LIMITED, QBE INSURANCE GROUP LIMITED – ASX QBE, MACQUARIE GROUP LIMITED – ASX MQG, AMAZON.COM INCORPORATED, UNITED STATES. EXECUTIVE OFFICE OF THE PRESIDENT

Kathmandu rises above gloom over Amazon effect

roymorgansocial Leave a comment

Original article by Simon Evans
The Australian Financial Review – Page: 25 : 21-Jun-17

Shares in Kathmandu Holdings have gained about 40 per cent in the last 12 months. The stock has been resilient amid recent bearish investor sentiment toward listed retailers in response to the looming entry of Amazon to the Australian market. Kathmandu has benefited from cold weather in the eastern states in the lead-up to its winter sale, while it reported year-on-year growth of 11.5 per cent in same-store sales in the three months to April 2017.

CORPORATES
KATHMANDU HOLDINGS LIMITED – ASX KMD, AMAZON.COM INCORPORATED, CYAN INVESTMENT MANAGEMENT PTY LTD, BRISCOE GROUP LIMITED, WILSON ASSET MANAGEMENT, BAIN AND COMPANY

Stocks fall on banks’ failure to alter levy

roymorgansocial Leave a comment

Original article by Richard Gluyas
The Australian – Page: 23 : 21-Jun-17

Shares in Australia’s four major banks and Macquarie Group were sold down on 21 June, in response to the passage of the Federal Government’s bank levy through Parliament and credit ratings downgrades by Moody’s. The Senate economics legislation committee made a number of recommendations concerning the levy, based on the suggestions of the five banks that will pay it, but they were rejected by the Government. Meanwhile, Deutsche Bank does not expect banks’ funding costs to be affected by the ratings downgrades.

CORPORATES
COMMONWEALTH BANK OF AUSTRALIA – ASX CBA, WESTPAC BANKING CORPORATION – ASX WBC, AUSTRALIA AND NEW ZEALAND BANKING GROUP LIMITED – ASX ANZ, NATIONAL AUSTRALIA BANK LIMITED – ASX NAB, MACQUARIE GROUP LIMITED – ASX MQG, DEUTSCHE BANK AG, AUSTRALIA. DEPT OF THE TREASURY, AUSTRALIA. SENATE ECONOMICS LEGISLATION COMMITEE, AUSTRALIAN COMPETITION AND CONSUMER COMMISSION

Bourse in $57bn wipe-out for May

roymorgansocial Leave a comment

Original article by Chris Kohler
The Australian – Page: 28 : 1-Jun-17

The Australian sharemarket posted modest gains on 31 May 2017, with the S&P/ASX 200 adding 0.2 per cent to close at 5,724.6 points. National Australia Bank advanced 1.3 per cent to $A30.12 and Wesfarmers was up 1.1 per cent at $A42.70. However, Rio Tinto fell 0.7 per cent to $A62.81 and New Hope Corporation was down 11 per cent at $A1.62. The S&P/ASX 200 shed 3.4 per cent in May, and analysts note that the local market tends to underperform in June.

CORPORATES
STANDARD AND POOR’S ASX 200 INDEX, STANDARD AND POOR’S ASX ALL ORDINARIES INDEX, NATIONAL AUSTRALIA BANK LIMITED – ASX NAB, WESFARMERS LIMITED – ASX WES, RIO TINTO LIMITED – ASX RIO, NEW HOPE CORPORATION LIMITED – ASX NHC, BHP BILLITON LIMITED – ASX BHP, NEW HOPE CORPORATION LIMITED – ASX NHC, WOODSIDE PETROLEUM LIMITED – ASX WPL, SANTOS LIMITED – ASX STO, OIL SEARCH LIMITED – ASX OSH, ORIGIN ENERGY LIMITED – ASX ORG, COMMONWEALTH BANK OF AUSTRALIA – ASX CBA, WESTPAC BANKING CORPORATION – ASX WBC, AUSTRALIA AND NEW ZEALAND BANKING GROUP LIMITED – ASX ANZ, MACQUARIE GROUP LIMITED – ASX MQG, WOOLWORTHS LIMITED – ASX WOW, DOMINO’S PIZZA ENTERPRISES LIMITED – ASX DMP, ARISTOCRAT LEISURE LIMITED – ASX ALL, AUTOMOTIVE HOLDINGS GROUP LIMITED – ASX AHG, SIRTEX MEDICAL LIMITED – ASX SRX, MYER HOLDINGS LIMITED – ASX MYR, SIGMA HEALTHCARE LIMITED – ASX SIG, QANTAS AIRWAYS LIMITED – ASX QAN, FAIRFAX MEDIA LIMITED – ASX FXJ, IG MARKETS LIMITED, UNITED STATES. EXECUTIVE OFFICE OF THE PRESIDENT

Coal shares tumble as China abandons limits

roymorgansocial Leave a comment

Original article by Peter Ker, Lisa Murray
The Australian Financial Review – Page: 13 & 18 : 9-Mar-17

China’s National Development & Reform Commission has advised that it might not reinstate restrictions on the number of days the nation’s coal mines can operate. The NDRC has indicated that this will depend on the outlook for coal prices. Shares in Australian coal producers have fallen in response to the NDRC’s statement, including Yancoal Australia and Whitehaven Coal. Thermal and coking coal prices rallied in the wake of China’s decision to limit production to 276 days year in early 2016.

CORPORATES
CHINA. NATIONAL DEVELOPMENT AND REFORM COMMISSION, YANCOAL AUSTRALIA LIMITED – ASX YAL, WHITEHAVEN COAL LIMITED – ASX WHC, STANMORE COAL LIMITED – ASX SMR, NEW HOPE CORPORATION LIMITED – ASX NHC, BHP BILLITON LIMITED – ASX BHP, RIO TINTO LIMITED – ASX RIO, SDIC INVEST, RBC CAPITAL MARKETS, TERRACOM LIMITED – ASX TER, REALM RESOURCES LIMITED – ASX RRP, AUSTRALIAN PACIFIC COAL LIMITED – ASX AQC, ANGLO AMERICAN PLC, SOUTH32 LIMITED – ASX S32

Fears grow of pullback in iron ore prices

roymorgansocial Leave a comment

Original article by Paul Garvey
The Australian – Page: 22 : 8-Mar-17

Australian iron ore miners’ earnings have been boosted by the recent spike in the price of the steel input to more than $US90 per tonne, but Evans & Partners analyst Andrew Hines warns that the rally is not sustainable. He forecasts that the iron ore price will fall from its current level to around $US45 in the second half of 2017, which will in turn hit the profits and share prices of BHP Billiton, Rio Tinto and Fortescue Metals Group. Credit Suisse and UBS recently upgraded their iron ore price forecasts for 2017.

CORPORATES
EVANS AND PARTNERS PTY LTD, BHP BILLITON LIMITED – ASX BHP, RIO TINTO LIMITED – ASX RIO, FORTESCUE METALS GROUP LIMITED – ASX FMG, CREDIT SUISSE (AUSTRALIA) LIMITED, UBS HOLDINGS PTY LTD, ATLAS IRON LIMITED – ASX AGO, VEDANTA RESOURCES PLC, MOUNT GIBSON IRON LIMITED – ASX MGX

US concerns spark global retreat

roymorgansocial Leave a comment

Original article by Chris Kohler
The Australian – Page: 28 : 1-Feb-17

The Australian sharemarket retreated on 31 January 2017, with the S&P/ASX 200 shedding 0.7 per cent to close at 5,620. BHP Billiton was 2.63 per cent lower at $A26.64, Westpac eased 0.94 per cent to finish at $A31.71 and Virtus Health was down 17.7 per cent at $A5.11. However, Fortescue Metals Group advanced 2.8 per cent to end the session at $A6.66.

CORPORATES
STANDARD AND POOR’S ASX 200 INDEX, STANDARD AND POOR’S ASX ALL ORDINARIES INDEX, BHP BILLITON LIMITED – ASX BHP, WESTPAC BANKING CORPORATION – ASX WBC, VIRTUS HEALTH LIMITED – ASX VRT, FORTESCUE METALS GROUP LIMITED – ASX FMG, RIO TINTO LIMITED – ASX RIO, COMMONWEALTH BANK OF AUSTRALIA – ASX CBA, NATIONAL AUSTRALIA BANK LIMITED – ASX NAB, AUSTRALIA AND NEW ZEALAND BANKING GROUP LIMITED – ASX ANZ, NAVITAS LIMITED – ASX NVT, BEACH ENERGY LIMITED – ASX BPT, ORIGIN ENERGY LIMITED – ASX ORG, ILUKA RESOURCES LIMITED – ASX ILU, CMC MARKETS PTY LTD, UNITED STATES. EXECUTIVE OFFICE OF THE PRESIDENT

Analysts suspect $65bn lift by big four banks has run its course

roymorgansocial Leave a comment

Original article by Daniel Palmer
The Australian – Page: 21 : 13-Jan-17

Australia’s four major banks have enjoyed double-digit rises in their share prices since Donald Trump won the US presidential election. Their combined market capitalisation has risen by $A65bn in the last two months, prompting analysts to question whether the rally will continue. Jarrod Martin of Credit Suisse notes that shares in the "big four" are now close to fair value, although the firm is upbeat about the outlook for the banks. It anticipates earnings growth of four per cent and has upgraded its share price targets.

CORPORATES
CREDIT SUISSE (AUSTRALIA) LIMITED, NATIONAL AUSTRALIA BANK LIMITED – ASX NAB, COMMONWEALTH BANK OF AUSTRALIA – ASX CBA, AUSTRALIA AND NEW ZEALAND BANKING GROUP LIMITED – ASX ANZ, WESTPAC BANKING CORPORATION – ASX WBC, SHAW AND PARTNERS LIMITED, BELL POTTER SECURITIES LIMITED

Bellamy’s vulnerable to takeover

roymorgansocial Leave a comment

Original article by Carrie LaFrenz
The Australian Financial Review – Page: 13 & 23 : 13-Jan-17

Shares in infant formula group Bellamy’s Australia shed 18 per cent to close at $A4.40 on 12 January 2017. The stock fell 20 per cent in the previous session, after being in a trading halt since early December. There is growing speculation that the company could become a takeover target. Belinda Moore of Morgans Financial says it would be attractive to suitors, but notes that turning around its fortunes could take up to 18 months. Bellamy’s shareholder Jan Cameron has ruled out making a takeover bid, although she will continue to push for changes to its board of directors.

CORPORATES
BELLAMY’S AUSTRALIA LIMITED – ASX BAL, MORGANS FINANCIAL LIMITED, CREDIT SUISSE (AUSTRALIA) LIMITED, BLACK PRINCE PRIVATE FOUNDATION, FONTERRA CO-OPERATIVE GROUP LIMITED, BELL POTTER SECURITIES LIMITED, WILSON HTM LIMITED