All posts by Tom Sartor
Senior Analyst
Sectors Covered: Junior (Emerging) Resources, Bulk Materials
By Tom Sartor
22 June 2022, 9:00 AM
We adjust our modelling inputs around prices and costs (both slightly higher) and for the new QLD royalty regime to apply from July 1.
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By Tom Sartor
02 June 2022, 9:00 AM
First quarter reported US earnings were slightly better than expected overall, but were mixed among the mega-caps, and weren’t strong enough to overcome the macro-economic themes dominating investor attention.
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By Tom Sartor
23 May 2022, 9:00 AM
We don’t expect any immediate major market implications, although investor sentiment toward heavy emitters (generation, mining, oil&gas) could plausibly take a knock. The result didn’t surprise the bookmakers, nor the pre polling and is unlikely to surprise the market.
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By Tom Sartor
19 May 2022, 9:00 AM
The acquisition of BMC (80%) transforms Stanmore Resources’ (ASX:SMR) operating scale, improves its risk profile and significantly improves its equity appeal.
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By Tom Sartor
26 April 2022, 10:00 AM
Rising execution risks (timing, capex escalation) appear to be tempering the premium the market had previously built into OZ Minerals' (ASX:OZL) growth projects, and where WMP approval in the 2H may actually prolong that trend.
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By Tom Sartor
21 April 2022, 7:00 AM
3Q sales for Whitehaven Coal (ASX:WHC) were more resilient to NSW wet weather than we had forecast and we upgrade our 2H volume and price assumptions generating EPS/NPV upgrades.
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By Tom Sartor
04 April 2022, 12:00 PM
Morgans research analysts re-set their sector views, strategies and Best Ideas as markets adapt to new financial and geopolitical challenges.
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By Tom Sartor
23 March 2022, 12:30 PM
Among New Hope Corporation's (ASX:NHC) record 1H22 financials we are impressed with Bengalla’s strong volume outlook, helping to contain costs.
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By Tom Sartor
10 March 2022, 8:00 AM
Maintaining stable production, containing costs and the forward capital structure (liquidity vs returns) will be the focus at New Hope Corporation's (ASX:NHC) 1H result on March 22.
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By Tom Sartor
01 March 2022, 1:00 PM
We further profile Microsoft as a dominant leader in consumer software, with macro-driven weakness offering a longer-term entry opportunity.
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