Capri – Daily Market Report (Morning Note) 26/09/2019

Ord Minnett Research Morgans Research Overnight Highlights US Market: US stocks were flat on Tuesday as the boost from energy sector and strong consumer confidence data helped offset losses in chipmakers and rate-sensitive shares ahead of an expected Federal Reserve interest rate hike. European Market: European shares closed higher helped by gains among oil stocks and optimism over the Italian budget while British clothing retailer Next rallied after raising its profit guidance. Asian Market: China’s Read more…

Capri – Daily Market Report (Morning Note) 25/09/2018

Ord Minnett Research Deutsche Bank Research Nufarm – Ticker: NUF.AX, Closing Price: 6.70 AUD, Target Price: 6.40 AUD, Recommendation: Sell. Sell rating and $6.40/share valuation maintained. We expect Nufarm to report a soft full year result with underlying operating earnings down 16% on pcp and net earnings down 33% given the extended dry conditions in Australia and lower seed treatment sales in Europe. We expect net operating cashflow to be extremely weak and net debt Read more…

Capri Daily Market Report (Morning Note) 24/09/2018

Ord Minnett Research Deutsche Bank Research ResMed – Key points from investor briefing – Ticker: RMD.AX, Closing Price: 113.48 USD, Target Price: 124.00 USD, Recommendation: Buy. RMD highlighted the use and benefits of its connected health offering throughout the whole sales process. The company outlined how its offerings have enabled the patient and supplier experience to become data enabled in the areas of electronic referrals, monitoring therapy usage, troubleshooting, mask resupply, managing customers and data Read more…

Capri – Daily Market Report (Morning Note) 21/09/2018

Ord Minnett Research Deutsche Bank Research Suncorp Group – AGM trading as usual – Ticker: SUN.AX, Closing Price: 14.47 AUD, Target Price: 15.10 AUD, Recommendation: Hold. No surprises from AGM – SUN held its FY18 AGM, Chairman Ziggy Switkowski’s final AGM after 13 years with the group. Dr Switkowski will be replaced by Ms Christine McLoughlin. The AGM is relatively soon after the full year results and as such there was not a formal trading Read more…

Capri – Daily Market Report (Morning Note) 20/09/18

MARKET RESEARCH Ord Minnett Research Deutsche Bank Research a2 Milk and Synlait – Balancing risk vs. reward – SML result – balancing ATM growth vs. concentration risk SML has reported a strong FY18 result with NPAT +95% to NZ$75mn. The growth primarily driven from a further step change in finished infant formula from ATM (DBe 90% of IFC volume) along with a strong ingredients underpin. Looking fwd, SML issued an understandably muted IFC outlook, given Read more…

TRANSURBAN GROUP ASX: TCL

• Transurban acquires a 51% equity stake in WestConnex. • TCL also undertaking an accelerated renounceable pro-rata entitlement offer. • Eligible holders can subscribe for 10 new TCL shares for every 57 existing at a discount price of $10.80 (current price is $12.06).   Transurban Group announced on 31 August 2018 that the Sydney Transport partners consortium has executed an agreement to acquire a 51% equity stake in WestConnex from the NSW Government for $9.3bil. Read more…

Market Research – OneVue Holdings ASX:OVH

OneVue Delivers Record Results in 2018 Share Price: $ 0.83 Target Price: $ 1.18 Projected Returns: Capital growth Capital Growth: 42.17% Dividend Yield: 0 Total Return: 42.17%   • Revenue up 20%, EBITDA up 67% & cashflow up 34% • Benefitting from sectoral growth and structural disruption • Executing growth strategies towards a promising FY19 • High quality business model & experienced management team • Fund, platform and trustee services continued growth • Royal commission Read more…

Market Research – Pioneer Credit Limited ASX:PNC

Pioneer Credit Limited (ASX:PNC) Recommendation: BUY Price: $3.50 Target (12 months): $4.35 Capital Growth: 24.3% Dividend Yield: 4.1% Total Expected Return: 28.4%   Significant increases in all key measures – • Cash receipts of $105.30m up 50.25% • Statutory Net Profit after Taxation of $17.60m up 63.68% • EBITDA of $54.34m up 55.06% • EBIT of $28.82m up 65.25%   Pioneer Posts Record Results and a Strong FY19 Outlook Pioneer Credit Limited (ASX:PNC) is an Read more…

Market Research – Praemium Limited ASX:PPS

Praemium to continue growth into 2019 Share Price: $ 0.97 Target Price: $ 1.23 Projected Returns: Capital growth Dividend Yield: 0 Total Return: 21.1%   • Gross Inflows up $3.0bil for FY18 • Funds Under Administration up 35% on last year • Australian Platform growth of 45% • International Platforms and Smartfunds up 20% on FY17 • Extended contracts and international opportunities • Strong operating cash flow improvements and no debt • Commitment to drive Read more…

CRAFTY ELK – Organic Hard Juice (Canada)

These new canned cocktails and coolers will kickoff your summer. Even though summer doesn’t officially kick off for another few weeks, Victoria Day weekend marks the unofficial launch of outdoor living. And, since nobody wants to carry their fancy cocktail gear all the way out to the dock, many turn to pre-mixed and ready-to-drink (RTD) cocktails — which sell the promise of drinking tasty cocktails without all the hassle of actually having to make them. Read more…