Australasian Equities

Equity Research
Archive
Australasian Equities

Sample Reports | Old Reports | Not Current

Speculative

high

Trying to Strike “White Gold” Today, we are taking a look at a niche player in the Infant Formula space, Bubs Australia (ASX:BUB). The company has seen a steady flow of positive developments in its business with distribution deals in China and a successful acquisition, making it a vertically integrated player which attracted our attention. However, at this juncture, there is still a lack of earnings visibility and clear demand for its products in China, making it difficult to justify setting

James Hardie (ASX:JHX)

Core

high

Fermacell is in the Fold Australian-listed shares of fibre-cement leader James Hardie Industries (ASX:JHX) have performed relatively well over the past year, supported by sales growth, margin improvements and a relatively optimistic outlook. The company also announced the completion of its acquisition of Europe-based Fermacell in early April, which will provide a platform for James Hardie to expand its business in the large and affluent European market. Strategically, we view Fermacell as a good fit and expect to hear more details on

Bank of Queensland (ASX:BOQ)

Core

medium

Banking on Queensland Like other banks domestically, Bank of Queensland (ASX:BOQ) shares have underperformed in 2018 due to sector headwinds. Last week BOQ announced a hike in interest rates across certain categories in response to an increase in funding costs and this should support margins in the full year results and beyond. Combined with a solid outlook for its regional home base and an undemanding valuation, we view the prospects over the medium term positively. On a relative basis, Bank of Queensland

Foley Family Wines (NZX:FFW)

Speculative

high

Looking for the Right Vintage Today, we take a look at a vintner that has been flying under the radar, Foley Family Wines (NZX:FFW) which is part of a passion project by US billionaire Bill Foley. The New Zealand listed company is an integrated wine business which has delivered growth over the years via acquisitions, and has piqued our interest. That said, there are still headwinds in the sector which warrant our wait-and-see view and we Traffic Light the stock. Members closely following our

Global X Physical Gold ETF (ASX:GOLD)

Speculative

high

Wings clipped The gold price has since our last review, in April, of the ETFS Physical Gold ETF (ETF) (ASX:GOLD), faced some major headwinds. Inflation as a compelling story in 2018 has yet to fully playout and deliver the tailwind as expected. Meanwhile, a stubborn United States Dollar (US) has proven to be a headwind for the gold price over the same time. Moreover, the physical gold market has been less supportive of a price rally in recent times. The following

McGrath Limited (ASX:MEA)

Speculative

high

Out of the blue Shares in listed real estate agent McGrath (ASX:MEA) have had a tumultuous few years since listing in 2015, with a cooling property market and a depressed level of listings having been a key theme. Our view in mid-2016 was that an inflection point was at hand has proven wide of the mark, as industry headwinds deepened, and with sentiment disturbed by a string of high profile departures in the agent team, and senior management. Founder and Chairman John McGrath

MNF Group (ASX:MNF)

Speculative

high

Super Deal Leading VoIP (voice over internet protocol) provider, MNF Group (ASX:MNF) has announced an acquisition which has been quite well received by the market, with its shares having rallied some 10%. The company is seeking to further expand into the Singapore market and has selected a niche player with the necessary infrastructure in place for rapid growth. We maintain our Hold rating. Recap and What’s New? In our last coverage of MNF Group (ASX:MNF) in late February (FAT-AUS-862), we provided a review

Telstra (ASX:TLS)

Core

medium

Telstra2022 Telstra (ASX:TLS) management has outlined some big impending changes afoot at the telco, labelled Telstra2022. This will see the company get more aggressive in its mobile game, accelerate a cost out programme and restructure its business significantly. Although the plan certainly saw management putting a bolder plan in front of investors than has been the case for some time, the shares fell on a weaker than expected financial outlook for next year. Telstra (ASX:TLS) intends to split its infrastructure assets into a new

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