Australasian Equities

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Australasian Equities

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Special

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Funding Faith Pushpay (ASX:PPH, NZX.PPH) is a software developer that acts as a ‘digital middleman,’ offering payment and engagement solutions for churches and its congregants. The company is also a market leader, having captured over half of the top 100 churches in the US and is largely well-received with ratings of 4.5 out of 5 stars in various software review sites. Source: Company Website Going forward, we believe that Pushpay is well positioned to deliver strong growth as more Churches embrace mobile, and

Praemium (ASX:PPS)

Speculative

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Up the pecking order Shares in financial service platform, Praemium (ASX:PPS) have continued their upward run in the last month, gaining another 10% in the process. There has been little in the way of news, although sentiment towards the stock has been given another lift by the stock’s inclusion in the ASX300 index, effective 24th September 2018. We continue to be optimistic on the company’s prospects, with a high degree of operating leverage set to provide a substantial boost to earnings in

Santos (ASX:STO)

Speculative

high

1H18; a great follow-on from FY17 It has been a while since Santos (ASX:STO) has reported the likes of the strong comparatives seen in the 2018 first half result. The company reported a doubling of underlying profits, as it reported net profit moved back into the black. Despite net cash from operations coming in flat, but at an ample quantity, the balance sheet improved. Moreover, shareholders received the first dividend in sometime. The following table shows a summary of the company’

National Australia Bank (ASX:NAB)

Core

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A Low Bar Shares of National Australia Bank (ASX:NAB) have lagged over the past year, as the broader sector has faced headwinds from slowing activity, increased regulatory costs and in the crosshairs of the Royal Commission. The latter has highlighted many cases of bad behaviour across the industry. While these are likely to be found in any industry, to have a spotlight shined on the behaviour leaves a sour taste and has dampened investor sentiment. Nonetheless, there is a relatively low

OneVue Holdings (ASX:OVH)

Speculative

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Benefits of Scale 2018 was a great year for OneVue (ASX:OVH), seeing record growth and successful accretive acquisitions. We also see the positive outcomes of management focussing on the more lucrative and faster growing services that are delivering increasing scale and operating leverage. Overall, we are pleased with the momentum and we maintain our BUY rating on OneVue. What’s New? Previously in July (FAT-AUS-887), we provided coverage of the company’s continued effort to specialise in a more lucrative niche in the fund administration

Stockland (ASX:SGP)

Special

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Managing Headwinds Despite a cooling of the Australian property market, Stockland (ASX:SGP) continues to look well placed to deliver mid-single digit growth in funds from operations over the next couple of years, due to higher average residential selling prices, a higher proportion of medium density settlements, higher margins, pipeline of projects and a positive shift in asset mix. This will be supplemented by the recently announced securities buy-back. Accordingly, we retain our buy rating. Earlier this month Stockland (ASX:SGP) announced an on-market

Sunland Group (ASX:SDG)

Speculative

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Fat Prophets Take Profits The property market in Australia is having a challenging time of it currently, with the tightening of credit standards and overall slowing of market activity resulting in fewer buyers, rising inventory levels and compounded by affordability challenges for first time homebuyers. With lending rates also now on the rise we see the headwinds deepening, particularly in hot spots which have experienced robust price gains in recent years. Regions which have lagged may hold up better, but we

Estia Health (ASX:EHE)

Speculative

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More care needed The aged-care sector came under some pressure on Monday after PM Scott Morrison announced yet another Royal Commission. Morrison said his decision was triggered in part by the scandal at the Oakden nursing home in Australia. He claimed that he could no longer ignore the alarming number of aged care operators “flouting the law and putting lives at risk”. It is worth pointing out that the Oakden facility was actually government run, and closed a year ago. The resulting sell-off

About these archived stock reports

These are archived Fat Prophets equity research stock reports and share analysis. They do not constitute current investment advice, financial product advice, or a recommendation to buy, sell or hold any financial product. They are provided for historical reference only, and reflect the market conditions, company information, forecasts and opinions available at its original publication date. The information may no longer be current or applicable. Past performance is not a reliable indicator of future performance.

This is general information only and does not take into account your objectives, financial situation or needs. Before acting on anything in this report, you should consider its appropriateness to your circumstances and seek advice from a licensed financial adviser.

DISCLAIMER Fat Prophets has made every effort to ensure the reliability of the views and recommendations expressed in the reports published on its websites. Fat Prophets research is based upon information known to us or which was obtained from sources which we believed to be reliable and accurate at time of publication. However, like the markets, we are not perfect. This report is prepared for general information only, and as such, the specific needs, investment objectives or financial situation of any particular user have not been taken into consideration. Individuals should therefore discuss, with their financial planner or advisor, the merits of each recommendation for their own specific circumstances and realise that not all investments will be appropriate for all subscribers. To the extent permitted by law, Fat Prophets and its employees, agents and authorised representatives exclude all liability for any loss or damage (including indirect, special, or consequential loss or damage) arising from the use of, or reliance on, any information within the report whether or not caused by any negligent act or omission. If the law prohibits the exclusion of such liability, Fat Prophets hereby limits its liability, to the extent permitted by law, to the resupply of the said information or the cost of the said resupply.

Funds Management – In addition to the listed fund FPC, Fat Prophets Pty Ltd manages the separately managed accounts, namely Concentrated Australian Shares, Australian Shares Income, Small Midcap, Global Opportunities, Mining & Resources, and Asian Shares. These SMAs are managed under their own mandates by the fund managers, and this is independent to the research reports.

Staff trading – Fat Prophets Pty Ltd, its directors, employees and associates of Fat Prophets may hold interests in many ASX-listed Australian companies which may or may not be mentioned or recommended in the Fat Prophets newsletter. These positions may change at any time, without notice. To manage the conflict between personal dealing and newsletter recommendations the directors, employees, and associates of Fat Prophets Pty Ltd cannot knowingly trade in a stock 48 hours either side of a buy or sell recommendation being made in the Fat Prophets newsletter. Staff trades are pre-approved by an appointed staff trading compliance officer to ensure compliance with the staff trading policy.

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About these archived stock reports

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