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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By Azib Khan
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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By Scott Murdoch
07 October 2021, 8:30 AM
Magellan Financial Group (ASX:MFG) closed Sept-22 with A$113.3bn FUM, relatively flat for the quarter and down 3.9% on Aug-21. FUM composition comprised Retail FUM of A$29.9bn (down 3% for the quarter); and Institutional FUM of A$83.3bn (+0.4% for the quarter).
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By Nick Harris
07 October 2021, 8:00 AM
Swoop (ASX:SWP) has announced the acquisition of Newcastle based telco Countrytell. Strategically the deal makes sense and financially it is highly accretive. SWP is paying 4.2x FY22F EBITDA vs trading on ~35x (yesterdays close and excluding earnings from todays acquisitions).
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By Fiona Buchanan
06 October 2021, 9:30 AM
Centuria Industrial REIT (ASX:CIP) has announced further acquisitions valued at $351.3m which will be funded via new equity ($300m placement competed) and debt.
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By Tom Sartor
06 October 2021, 9:00 AM
Physical market feedback suggests that upside risk to our (conservative) base case coal price forecasts for Whitehaven Coal (ASX:WHC) will persist into 2022. Spot thermal coal prices continue to far exceed our expectations.
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By Alexander Mees
06 October 2021, 8:30 AM
At its AGM, Baby Bunting Group (ASX:BBN) indicated that comp store sales growth (LFLs) strengthened to negative -1.3% for the 14 weeks to 3 October (+4.7% excluding NSW and ACT).
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By Alexander Mees
06 October 2021, 8:00 AM
COVID lockdowns continue to dominate the landscape when it comes to retail spending in Australia. With NSW, Victoria, and the ACT all in lockdown during August, seasonally adjusted (s/a) Australian retail sales were down -0.7% yoy and -1.7% mom to A$29.3bn. With vaccination rates climbing and lockdowns coming to an end, the outlook is improving.
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By Azib Khan
05 October 2021, 10:00 AM
Virgin Money UK (ASX:VUK) have increased their FY21 restructuring cost guidance from c.£74m to c.£100m at the release of the 1H21 results, VUK last week revised this guidance to c.£145m.
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