Sample Reports | Old Reports | Not Current

Bank of Queensland (ASX:BOQ)
Core
medium
B
Banking on Queensland Bank of Queensland (ASX:BOQ) raised $350 million from its Capital Notes hybrid offering in December 2017, after increasing the raising from an initial $325 million size due to “strong” investor demand. The bank’s robust capital position provides a significant degree of optionality, with management discussing at the company’s Annual General Meeting, potentially using some of excess capital to accelerate investment in the business. If appropriate opportunities to deploy excess capital aren’t found, we expect more capital to be
Qantas (ASX:QAN)
Speculative
medium
H
Good for the Long-Haul Since our last coverage in October, Qantas (ASX:QAN) shares have been drifting downwards despite reporting a solid start for the year in their first quarter trading update. This is likely owing to the recent spike in oil prices which are a major input cost for airlines. Nevertheless, the company has made tremendous improvements over the past few years which we expect to continue in the foreseeable future. Recap and What’s new? Back in Mid-October (FAT-AUS-844), we covered Qantas Airways’
James Hardie (ASX:JHX)
Core
high
B
A Foundation to Build On Investors responded warmly to building product supplier James Hardie’s (ASX:JHX) fiscal third quarter numbers, with the Australian-listed shares rising 6.8% in trading following the announcement. Management provided an optimistic outlook for 2018 and a strong economy and wage growth in the key United States market offers a firm foundation on which to build. 3Q18 and 9M18 headline numbers (in US$ unless otherwise stated) For the quarter and nine months ended 31 December 2017 James Hardie posted sales of $495.1
AWE (ASX:AWE)
Speculative
high
H
It’s not over until “someone sings” AWE (ASX:AWE) is the recipient of another unsolicited takeover offer, with Japanese trading giant Mitsui & Co (Mitsui) placing an all cash bid on the table. This new bid follows on from offers made by China Energy Reserve and Chemical Group (CERCG) and Mineral Resources to acquire the company. Both these bids remain open, with the AWE Board recommending, in the absences of a higher bid, the Mineral Resources proposal. The following figure shows the
Saracen Minerals (ASX:SAR)
Speculative
high
B
Ahead at the halfway mark Saracen Minerals (ASX:SAR) continues to enjoy a kick in gold production from its two operating mines in Carosue Dam and Thunderbox, following the release of its December quarter operational results. A December quarter record was set for gold production while all-in sustaining costs continue to improve. The company remains on track to come-in ahead of 2018 guidance, which was left unchanged post the December quarter result. The following chart shows quarterly gold production: Source: Saracen Minerals (ASX:SAR) Gold
McGrath Limited (ASX:MEA)
Speculative
high
H
Taking the wheel Real estate agent McGrath (ASX:MEA) did not have a happy time of it in 2017, with revenues and earnings under pressure on the back of a low level of listing volumes, and compounded by key high profile departures. This ultimately culminated in a profit warning for FY18 which we covered off in our last review. Source: Company Presentation Pressure has certainly been made to bear on management, and for founder John McGrath and his Board who have had a baptism
Blackmores (ASX:BKL)
Speculative
medium
T
Waiting for Health Results Shares in Blackmores Limited (ASX:BKL) have been one of the best performers on the market in recent months, having surged over 70% since bottoming in August. We have avoided the shares previously, but revisit the case for the vitamin company, and following developments in the infant milk formula sector. What’s New? As recap, we previously covered Blackmores as a company of interest in our Special Report on “The Infant Milk Formula sector” at the end of March 2017 (FAT-AUS-816). We
Michael Hill International (ASX:MHJ)
Speculative
medium
S
Fat Prophets take Profits International jeweller Michael Hill International (MHJ:ASX, MHJ:NZX) recently provided trading updates that highlight significant changes for the group. The first being a shift into new markets that will lead to growth pains while the company is also exiting a sizable and important market in the US. We have already taken some profits on Michael Hill, banking a 66% gain in the process, and we believe this to be the opportune time to close out the rest of


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Stock Disclosure

ASX- Listed Australian Stocks:
29M.AU, ANN.AU, ANZ.AU, BPT.AU, BWP.AU, CKF.AU, CBA.AU, EVN.AU, FID.AU, FMG.AU, GOR.AU, GMG.AU, GNC.AU, HUB.AU, ILU.AU, IGO.AU, JHX.AU, MGR.AU, NAB.AU, PAR.AU, QBE.AU, RRL.AU, S32.AU, SBM.AU, TLS.AU, TUA.AU, WES.AU, WBC.AU, WHC.AU, XRO.AUX, AGL.AX, AMC.AX, BHP.AX, CSL.AX, DMP.AX, GDG.AX, WIRE.AX, ATOM.AX, MQG.AX, NIC.AX, NST.AX, ORI.AX, PDN.AX, RMS.AX, RPL.AX, SFR.AX, STO.AX, SUN.AX, VAU.AX, WTC.AX, WDS.AX, GMD.AX, CSC.AX, RIO.AX, GTK.AX, SPK.AX & NEM.AX

International Stocks:
BIDU.CN, 9888.CN, 1211.CN, 268.CN, 3690.HK, 1818.HK, 9618.CN, ENX.FR, BT.A.GB, GENI.GB, FRES.GB, 9988.HK, 2282.HK, 700.HK, 1128.HK, 1876.HK, 8750, 7011.T, 8306.JP, 8031.T, 8411.T, 3994.T, 7974.T, 8604.JP, 8308, 6758.JP, 8316.JP, 8331.T, JP.8308, HEM.SE, GRAB.SG, BABA.K, GOOG.US, AAPL.US, CDE.US, CPNG.K, FLTRF.L, SIL, URA, BZ.O, MSFT.US, SBSW.K, 2840.HK, TME, GDX, GDXJ.US, YUMC.K, Z.O, IMPUY & ANGPY