Australasian Equities

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Australasian Equities

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Core

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Back to its knitting Although currently down modestly from 52-week highs, shares of Spark New Zealand (ASX:SPK) have advanced nicely over the past year in trading on both the Australian and New Zealand stock exchanges (SPK.AX, SPK.NZ). The stock has dipped from mid-December levels as Spark announced its impending exit from sports streaming in July 2023, but we ultimately view this as the correct business decision due to elevated content costs and the small size of the New Zealand market.

Domino’s Pizza (ASX:DMP)

Core

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Participate in the SPP Domino’s Pizza (ASX:DMP) (Domino’s) is offering its shareholders the opportunity to participate in a Share Purchase Plan (SPP). Funds raised will fund the acquisition of the remainder of Domino’s Pizza Germany that it does not already own. Concurrently with the SPP, Domino’s has successful raised $150 million through a share placement at an issue price of $66.38 per share. These funds will also be used to fund Domino’s German acquisition. To be eligible to participate in the SPP

Domain (ASX:DHG)

Core

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No place like home In line with similar businesses overseas, the offering from Domain (ASX:DHG) is shifting towards a marketplace model, where an ecosystem of services exists where Domain can support agents and consumers at more points on their journey of buying or selling properties. With technology becoming more interactive with itself, the linking of different customer requirement is becoming more the norm than the exception. Consumers looking to purchase a property can now be supported through the whole process of mortgage

Sandfire Resources (ASX:SFR)

Speculative

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Take-up entitlement Sandfire Resources (ASX:SFR) announced on 18 November 2022 that it was raising up to A$200 million, by way of an accelerated non-renounceable entitlement offer to shareholders. Sandfire is raising capital to ensure a strong balance sheet and fund ongoing growth initiatives. The following image shows the locations of Sandfire’s global operations: Source: Sandfire (ASX:SFR) Sandfire has successfully completed the institutional component of its entitlement, raising a total A$147 million at an issue price of A$4.30 per share and a ratio of

Rio Tinto (ASX:RIO)

Core

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3Q22; given the environment a good result Rio Tinto (ASX:RIO) has just reported its third quarter operational results to 30 September 2022, revealing generally firmer production results across many of its product offerings. The operational result meant 2022 guidance remained unchanged, except for copper, while iron ore was guided toward the lower end of the range. The following table shows a summary, by product offering, of Rio’s operational results for the September quarter 2022: Source: Rio Tinto (ASX:RIO) Overall, we rate Rio’s September

Beston Global Food (ASX:BFC)

Speculative

high

A cheese platter Beston Global Food’s shares have fallen sharply over the past month as the Thailand KCG Corp deal hit a snag, and more recently, Beston announced a major equity recapitalisation at a hefty discount to the prevailing price before the announcement. We delve into the details below and update our stance. Beston (ASX:BFC) went into a trading halt on 17 October and made an ASX announcement on 19 October of the intention to raise approximately $28.2 million via a

Boral (ASX:BLD)

Core

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Taking a brick to the business The restructure of Boral (ASX:BLD) has taken a toll on the businesses revenues and margins, as A$5,5b of non-core assets are divested with the company returning a significant part of the capital to investors including the special dividend of $0.07. The current share price remains mid range between the lows of March 2020 and the highs of July 2021. The Daily chart of Boral displays the current daily support level at $2.50 with current price movement

Whitehaven Coal (ASX:WHC)

Speculative

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Coal prices stoke the boiler Whitehaven Coal (ASX:WHC) posted a record FY22, primarily due to a surge in coal prices over the course of 2022. Records were achieved across several reporting metrics, while shareholder returns were at the record end of the spectrum for the year. An improved balance sheet underpinned a higher dividend and the activation of an on market buy-back. Coal prices were swept into a sweet spot in 2021 which spilled into 2022, as pressure from two events combined

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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