By Adrian Prendergast
07 June 2021, 10:30 AM
After a remarkable run, and hefty shareholder returns, we see the risk/reward balance for FMG finally skewed to the downside.
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By Adrian Prendergast
31 May 2021, 2:30 PM
Reporting material cost inflation in the Pilbara, Fortescue Metal Group (FMG) has had to downgrade capital expenditure assumptions for Iron Bridge.
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By Adrian Prendergast
21 April 2021, 3:30 PM
Despite heavy weather and COVID-19 impacts, BHP posted a solid underlying operational performance across iron ore, copper, petroleum and nickel. However, metallurgical and thermal coal disappointed.
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By Adrian Prendergast
18 February 2021, 5:00 PM
South32 reported a strong 1H21 earnings result that exceeded estimates. The SAEC sale is still a major value catalyst, and worth waiting for.
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By Adrian Prendergast
19 February 2021, 12:00 AM
With Fortescue Metal Group easing our fears over the Iron Bridge magnetite project and reporting a strong 1H21 result, we maintain a Hold rating.
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By Adrian Prendergast
18 February 2021, 12:30 PM
Woodside Petroleum reported earnings well short of consensus expectations for 2H20. Growth projects remain reliant on Woodside’s ability to deal its equity in these projects.
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By Adrian Prendergast
18 February 2021, 10:00 AM
Santos' second half result followed expectations. Unsurprisingly, the result focused on the FX-impacted cost guidance for 2021, in-line with pressure being felt across the resources industry.
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By Adrian Prendergast
17 February 2021, 12:00 PM
We have upgraded our iron ore forecasts for the next three years.
While trading near our revised targets, we see robust earnings and dividends as
increasingly important in the current global climate.
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By Adrian Prendergast
17 February 2021, 9:00 AM
BHP certainly had the ammunition for it, but we had not counted on the company
paying out 85% of earnings for a record interim dividend in 1H21. Further, BHP has hoisted potash into its circle of most preferred “future facing” commodities, along with copper and nickel.
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By Adrian Prendergast
01 February 2021, 5:00 PM
Fortescue Metal Group posted a strong 2Q21 result, though it came with the warning that FMG was conducting a detailed review of the budget and schedule for its Iron Bridge magnetite project.
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