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Australasian Equities

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Speculative

high

FY18; It’s all in the prices South32 (ASX:S32) has delivered a good full year result, reporting higher underlying earnings for 2018 on the back of better commodity prices. Operations delivered an underwhelming result for 2018 that was reflected in the financials. On better revenues, the company reported a fall in net operating cash flow, but the balance sheet continues to step-up in quality. Moreover, the better financial result allowed the company to deliver for its shareholders on the dividend front, and

9 Spokes (ASX:9SP)

Speculative

high

Staying the course Shares in business dashboard aggregator 9 Spokes (ASX:9SP) have continued to disappoint, with a release last Friday putting paid to a partial recovery since our last review. The company has announced that the Royal Bank of Canada (RBC) has cancelled its contract to provide a white label version of the 9 Spokes platform. This has understandably been met with angst by investors, with the shares reaching fresh lows. The news while disconcerting, is certainly not terminal for 9SP itself in

Amcor (ASX:AMC)

Core

medium

A Package that will withstand the test of Time Our move to a hold on Amcor (ASX:AMC) from a buy, at the last review in early August would appear to have been the right call. The shares have drifted down over the past month with investors somewhat underwhelmed by the FY18 results and some jitters about the work ahead of the merger with US peer Bemis. The transaction will create the world’s biggest manufacturer of flexible plastic packaging products. While this deal

Prime Media (ASX:PRT)

Speculative

medium

Adjusting the View Broadcaster Prime Media (ASX:PRT) released its full year numbers last week which continued to show that the company faces ongoing headwinds in the broadcasting market with ad revenues flowing elsewhere and declining audiences. Despite that, management is working on strengthening its balance sheet and we take a closer look at those results. We also update our views on the latest developments in the media sector. What’s New and our View In our last coverage of the media company back in

MNF Group (ASX:MNF)

Speculative

high

Fat Prophets take some profits Leading VoIP (voice over internet protocol) provider, MNF Group (ASX:MNF) has released full year results, with another year of strong organic top-line growth with revenues rising 15% to $220.7 million. Earnings before interest, tax, depreciation, and amortisation rose by a more modest 3% to $24.6 million, due to a one-off investment into the Pennytel brand launch of $2.3 million. Net profit after tax fell 1.7% to $11.9 million. This has disappointed the market, with the shares losing

TPG Telecom (ASX:TPG)

Speculative

high

Rule of Three The Australian telecoms landscape is on the cusp of a major shakeup it would seem following the announcement of the merger between TPG Telecom (ASX:TPG) and Vodafone Hutchison Australia. The deal will see the sector move into line with the global “Rule of 3” with the merged entity a fully-fledged telecom operation with strength in both fixed line and mobile business. Having previously traffic lighted TPG’s shares, we believe that the investment case has been de-risked by the ‘merger

BHP Billiton (ASX:BHP)

Core

medium

FY18; still surging ahead BHP Billiton’s 2018 result continued to surge ahead of the turnaround result it reported for 2017, but it did come in shy of market consensus. The company’s underlying profit surged by a third again in 2018, with realised commodity prices and its operations playing a positive role in the result. Operating costs were a drag but were contained, given the additional activities. The dividend surged, based on the current policy setting for dividends, however there were no

Praemium (ASX:PPS)

Speculative

medium

Record Finish Financial Service Platform, Praemium (ASX:PPS) recently reported Fiscal Year 2018 results which show the company has ended the year on solid footing having registered another record level of inflows. The company also saw growth across all regions and looks set to maintain the momentum following the completion of several key initiatives. In light of the strong results and positive outlook going forward, we rate the shares back to a BUY rating. What’s New? In our last coverage of the stock back

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.

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