Australasian Equities

Equity Research
Archive
Australasian Equities

Sample Reports | Old Reports | Not Current

Core

medium

Wheatstone 2 adds to an improving outlook Woodside Petroleum (ASX:WPL) will soon report its second quarter operational result to 30 June 2018, and we expect the momentum seen in the first quarter will be a key feature. Liquid natural gas (LNG) will again be the mainstay with the Wheatstone 2 (Woodside’s interest 13%) start-up swelling production. Wheatstone is a good example of the company’s patient approach to building its future growth profile, as it targets 100 million barrels of oil equivalent

Incitec Pivot (ASX:IPL)

Speculative

high

Some better news Shares of Incitec Pivot (ASX:IPL) have staged a recovery in recent weeks as the company reported a contract win in West Australia that will mitigate the earlier loss of two other contracts. The company also inked a deal for gas supply to the Gibson Island plant that although this will see costs go up, the change was in line with management’s earlier guidance. 1H18 review (A$ unless otherwise noted) Group revenue increased 9.6% year-on-year to $1,683.2 million. All businesses contributed

Domain Group Holdings (ASX:DHG)

Speculative

high

Domain tags in new CEO After the surprise departure of former CEO Anthony Catalano in January, just two months after the company’s IPO, Domain Group has completed its search for a new chief executive. Jason Pellegrino – the Managing Director of Google in Australia and New Zealand – is set to begin in his new role as CEO of Domain effective 27 August 2018. We view this as a strong hire. Domain Chairman Nick Falloon, who has been filling in on an

Bellamy’s Australia (ASX:BAL)

Speculative

high

Not Quite There Yet Today, we take a look at another player in the infant milk business, Bellamy’s Australia (ASX:BAL). This company has made tremendous progress in a relatively short span of time having recognised opportunities in the infant food market, offering an organic option to parents looking for higher quality premium offerings. However, despite a successful track record and appeal, we believe the company’s investment potential isn’t quite there yet, as there continues to be issues in China, one of

OneVue Holdings (ASX:OVH)

Speculative

high

Sharpening Focus Fund Administration outsourcing specialist, OneVue Holdings (ASX:OVH) has made good on management promises to transform the business into a more focussed one that specialises in fund administration and allied services, while divesting businesses that create less shareholder value. Today, we provide some commentary on the latest updates as we maintain our positive view on the company. Recap and What’s New In our last update in late March (FAT-AUS-867) we covered the company’s interim results which proved to be an important milestone,

Elders (ASX:ELD)

Speculative

high

A dry argument Shares in agribusiness Elders (ASX:ELD) have been volatile so far in 2018 after a strong performance last year, and following a fairly brief announcement that saw the shares turn sharply lower last Friday. The company issued a profit downgrade following dry weather across Australia, and weaker cattle prices. Prices and volumes for sheep and wool remain robust, but the market focussed on the negatives, with the shares down some 15%. This has largely wiped out the gains in

Sandfire Resources (ASX:SFR)

Speculative

high

Doolgunna hitting its straps A cashed up Sandfire Resources (ASX:SFR) is enjoying early success from exploration, as the company reports on its exploration efforts at its Doolgunna copper project. The Doolgunna ground is adjacent to the company’s DeGrussa copper mine, and on early results could add significant future value to that operation. The exploration success across the Doolgunna tenements has prompted the company to acquire all the adjacent Springfield tenements. The following figure shows the regional location of both the Doolgunna

Ardent Leisure (ASX:AAD)

Core

medium

Entering a New Era In the wake of the 2016 tragedy, Ardent Leisure (ASX:AAD) has taken the steps to change management to better focus on improving its safety standards and win back the trust of the public. An interesting development is also taking place with rival, Village Roadshow, looking to focus on the Asian market which may herald in a new era for local Theme Park players. What’s New? There have been quite a few updates since our last coverage of Ardent Leisure

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.

For positions that directors and/or associates of the Fat Prophets group of companies currently hold in, please click here.

About these archived stock reports

Trusted Equity Research and Wealth Management since 2000

Provenance

The Float

The Roof Comes Later