By Belinda Moore
15 October 2021, 10:00 AM
Elders (ASX:ELD) will report its FY21 result on 15 November and we expect it will beat consensus. Our new EBIT forecast for 29% growth is underpinned by a larger summer crop, another bumper winter crop, high livestock prices, a buoyant real estate market, full 12 months of the AIRR acquisition and synergy benefits and new bolt-on acquisitions.
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By Nathan Lead
15 October 2021, 9:30 AM
We await progress on APA Group's (ASX:APA) takeover proposal for AusNet Services (ASX:AST), with the next step being the Takeovers Panel’s ruling re: APA’s access to due diligence.
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By Nathan Lead
15 October 2021, 9:00 AM
We update a number of modelling assumptions. The resulting forecasts are used in our APA/AST merger modelling.
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By Alexander Mees
15 October 2021, 8:30 AM
In its first investor day since 2017, Collins Food (ASX:CKF) steered clear of anything that might have been construed as a trading update, but instead spent its time enthusiastically communicating a strategy for rapid network expansion in both Australia and the Netherlands.
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15 October 2021, 8:00 AM
Whilst this topline result was 3.5% below our forecasts, the cycling of Covid-19 induced lockdown tailwinds and mask sales always had Q1 as the toughest quarter to cycle. We believe Redbubble (ASX:RBL) has now moved past ‘peak cycle risk’ given their international exposure, ahead of domestic e-commerce players.
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By Michael Knox
15 October 2021, 8:00 AM
US corporate tax payments and US political uncertainty are generating a modest equity market correction that could continue in November. Michael Knox discusses his views with the Morgans network.
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14 October 2021, 8:00 AM
Bank of Queensland (ASX:BOQ) has reported FY21 cash earnings of $389m excluding ME Bank. This is 4.5% less than we expected largely due to the net credit loss provision release in 2H21 being less than we expected.
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By Belinda Moore
11 October 2021, 9:00 AM
Nufarm (ASX:NUF) reports its FY21 result on 17 November. We expect a strong result, albeit earnings have been skewed to the 1H (63%/37% 1H vs 2H) given favourable operating conditions and COVID uncertainty/supply chain disruptions.
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11 October 2021, 8:30 AM
Bank of Queensland (ASX:BOQ) is scheduled to announce its FY21 result on the 13th of October. Excluding the contribution from ME Bank over July and August, we expect FY21F cash NPAT of $406m. We expect a fully franked final dividend of 27cps to be declared.
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By Michael Knox
07 October 2021, 12:00 PM
Our Model of the US oil price is based on EIA oil stocks, and the pause announcement. The chance of the pause announcement having no impact on the oil price is 2 chances in 10,000. Michael Knox discusses with the Morgans network.
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