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Core

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Take up entitlement Woodside Petroleum (ASX:WPL) announced on 14 February 2018 that it was raising up to A$2.5 billion by way of a pro rata accelerated renounceable entitlement offer to its shareholders. The Retail Information Booklet setting out the details of the entitlement offer was forwarded to eligible shareholders on 22 February 2018. The funds raised under the offer will be used to acquire a further interest in the Scarborough natural gas field in Western Australia. The following figure shows the

Estia Health (ASX:EHE)

Speculative

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Turning it Around nicely Estia Health (ASX:EHE) shares enjoyed a strong finish on the boards last week after reporting interim results, recouping much of the ground lost since late last year. The aged care provider declared its first interim dividend in two years and a mid-single digit increase in EBITDA. The company looks to be advancing its turnaround nicely under new senior management and should be a beneficiary of industry tailwinds. Background Estia Health (ASX:EHE) joined the portfolio in May 2017, and as

Stockland (ASX:SGP)

Special

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Quality on the Cheap Stockland (ASX:SGP) delivered improvements in several key metrics in its recently reported interim results. The group is a leader in several areas and has a diversified portfolio that is being undervalued at current levels in our view. Accordingly, we rate the stock a buy. Rising bond yields have seen a sell-off in many ‘yield’ plays, including Stockland with the view that a strong income stream is not as enticing as it was. However, demand for high yielding income stocks,

Silver Chef (ASX:SIV)

Core

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Getting out of GoGetta Shares in equipment financier Silver Chef (ASX:SIV) were marked down heavily yesterday, and have seen further weakness today, as the company released half year results and alongside this, a major restructuring. As part of a major strategic refocus, the company is exiting its GoGetta business. Silver Chef will be refocussing on its core hospitality business and growth opportunities domestically and abroad. The company has previously highlighted an intention to look at GoGetta (provides financing to the transport and

MNF Group (ASX:MNF)

Speculative

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A Penny(tel) For Your Thoughts MNF Group (ASX:MNF) reported strong underlying growth in its first half report with all business segments delivering. However, as management announced a relaunch of its Pennytel brand, they downgraded the full-year NPAT (net profit after tax) forecast from $15 million to $12.5 million. Today we weigh in on the results and the outlook going forward. First Half Results 2018 (to 31 December 2017) MNF Group (ASX:MNF) posted solid revenue growth in the first half of FY2018 (1H18), with

Fairfax Media (ASX:FXJ)

Speculative

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Digitally charged Australia’s largest newspaper publisher Fairfax Media (ASX:FXJ) reported half-year numbers last week with earnings impacted by impairment charges and restructuring costs related to the spinoff of Domain Group last November 2017. Nevertheless, the company is making good progress on the digital front in line with the secular trends where readers and advertisers are increasingly shifting to this medium. The market responded warmly to the announcement with management also announcing an acceleration of the company’s cost out plan, with immediate action

Qantas (ASX:QAN)

Speculative

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Flying high There have certainly been a number of positive results in the earnings season thus far, and that from Qantas (ASX:QAN) certainly stands amongst the highlights. Last Thursday the airline announced a 15% increase in first half underlying profit to a record $976 million. This was ahead of management guidance for $900 – $950 million, with sentiment also buoyed by a 7 cents per share dividend and further planned buybacks totalling $378 million. Net free cash flow jumped from $484

Rio Tinto (ASX:RIO)

Core

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2017; bumper result Rio Tinto (ASX:RIO) has released its full year result, and in doing so has reported a surge in underlying earnings for 2017 that was in line with market expectations. Management action continued to deliver key cost improvements, but it was the realised commodity prices that turned on the show. Net cash flow from operations enjoyed the ride, while the balance sheet goes from strength to strength. Shareholders were not left out with the dividend receiving a handy record

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.

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