Australian Broker Call * Extra * Edition – October 14, 2021

Daily market reports | 12:10

Additional reporting on the recommendation, valuation, forecast and changes in opinion for ASX-listed stocks.

In addition to The Australian Broker Call Report, which is published and updated daily (Monday to Friday), FNArena has now added The Australian Broker Call * Extra * Edition, containing additional sources of research and stock information. listed on ASX, also expanding the number of stocks that make up the FNArena universe.

A key difference is that the * Extra * edition will not be updated daily, but simply “regularly” based on the availability of appropriate quality content. As such, the * Extra * edition attempts to bridge the gap between daily updates via the Australian Broker Call Report and ad hoc news, which is not always timely for investors hungry for the next update. information.

Investors using the * Extra * edition as an input source for their own market research should therefore take into account that the information after publication may not be up to date, or still awaiting another update by FNArena’s team of journalists.

Similar to The Australian Broker Call Report, this * Extra * edition includes concise but limited analyzes of recently published research by stock brokers and other experts, which should be viewed as information regarding likely market behavior rather than like advice on the titles mentioned. Do not act on the content of this report without first reading the important information included at the end of this report.

The Australian Broker Call * Extra * Edition is a summary which has been prepared independently of the sources identified. Readers should check the full text of the recommendations and consult a licensed advisor before making any investment decisions.

The copyright for this report belongs to the publisher. Readers will not copy, transmit or distribute this report to any other person. For more vital information on the sources included, see the bottom of this report.

COMPANIES DISCUSSED IN THIS ISSUE

Click on a symbol for quick access.
The number next to the symbol represents the number of brokers that cover it for that report – (if more than 1)

ALL BHP (2) BXB CIM CXL CYG DUB EM2 KSN OZL PDI PEN PFP PPH SFR TLS TLX TNT WBC ZBT

PDI LIMITED PREDICTIVE DISCOVERY

Gold and Silver – Overnight Price: $ 0.20

Canaccord Genuity Rate ((PDI)) as Spec Buy (1) –

Predictive Discovery has further results from the Bankan gold project in Guinea. All three holes intersected the extension of the central high-grade zone to depths of up to 433 m. Canaccord Genuity is now waiting for the first resource.

The broker maintains a speculative buy rating with a target of $ 0.24.

This report was released on September 16, 2021.

The target price is $ 0.24 The current price is $ 0.20 Difference: $ 0.04
Yes PDI achieved the Canaccord Genuity target, it will bring in approximately 20% (excluding dividends, costs and charges).

All consensus data is updated until yesterday. FNArena consensus calculations require a minimum of three sources

PEN LIMITED PENINSULA ENERGY

Uranium – Nightly rate: $ 0.28

Shaw and Partners Pricing ((PEN)) like Buy (1) –

Peninsula Energy provided an update on field demonstration testing for its Lance project. Shaw and Partners’ view is that the test results show progressively positive progress and improved uranium contents.

The broker notes that Peninsula Energy has started to evaluate other uranium recovery process options. Broker expects revised feasibility study, taking into account field demonstration data, in the first half of fiscal 22

The buy score and the target price of $ 0.30 are maintained.

This report was released on September 9, 2021.

The target price is $ 0.30 The current price is $ 0.28 Difference: $ 0.02
Yes PEN achieved the Shaw and Partners target, it will return approximately 7% (excluding dividends, costs and charges).

All consensus data is updated until yesterday. FNArena consensus calculations require a minimum of three sources

PFP PROPEL LIMITED FUNERAL PARTNERS

Consumer Products and Services – Overnight Price: $ 4.31

Moelis tariffs ((PFP)) like Buy (1) –

The company acquired three funeral service providers in Adelaide for $ 17.6 million and Moelis is raising the FY 23 earnings per share estimate by 5% to reflect the increase.

In view of the disruption caused by the lock-ups, the broker sees the stock as an attractive defensive growth proposition. Purchase note maintained. The target is $ 4.57.

This report was released on September 14, 2021.

The target price is $ 4.57 The current price is $ 4.31 Difference: $ 0.26
Yes PFP reached the Moelis objective, he will return approximately 6% (excluding dividends, costs and charges).
The company’s fiscal year ends in June.

Forecast for fiscal year 22:

Moelis plans a full year FY22 dividend 9.60 cents and EPS of 13.80 cents.
At the last closing price, the estimated dividend yield is 2.23%.
At the last closing price of the share, the estimated price / earnings ratio (PER) of the share is 31.23.

Forecast for FY23:

Moelis plans a full year FY23 dividend 11.40 cents and EPS of 4:30 p.m. cents.
At the last closing price, the estimated dividend yield is 2.65%.
At the last closing price of the share, the estimated price / earnings ratio (PER) of the share is 26.44.

All consensus data is updated until yesterday. FNArena consensus calculations require a minimum of three sources

PPH PUSHPAY HOLDINGS LIMITED

Software and Services – Nightly rate: $ 1.74

Jarden Rate ((PPH)) as Buy (1) –

The main message Jarden got from the investor briefing is the focus on growth. The company provided addressable market estimates that were much larger than the broker had assumed.

Management also reported stable digital donations and usage patterns as the US economy reopens. The Catholic segment was highlighted as a US $ 30 billion annual donation market opportunity with customer testimonials highlighting a strong initial response.

The broker maintains a buy note with a target of NZ $ 2.24.

This report was released on September 14, 2021.

The current price is $ 1.74. Target price not evaluated.
The current consensus price target is $ 1.90, suggesting the reverse of 10.5%(excluding dividends)
The company’s fiscal year ends in March.

Forecast for fiscal year 22:

Jarden plans a full year FY22 dividend 0.00 cents and EPS of 5.18 cents.
At the last closing price of the share, the estimated price / earnings ratio (PER) of the share is 33.58.

How do these forecasts compare to market consensus projections?

The current consensus estimate of EPS is 5.6, which implies an annual growth of N / A.
The current consensus estimate of the DPS is N / A, implying a potential dividend yield of N / A.
The current consensus estimate of EPS suggests that the PER is 30.7.

Forecast for FY23:

Jarden plans a full year FY23 dividend 3.06 cents and EPS of 6.11 cents.
At the last closing price, the estimated dividend yield is 1.76%.
At the last closing price of the share, the estimated price / earnings ratio (PER) of the share is 28.47.

How do these forecasts compare to market consensus projections?

The current consensus estimate of EPS is 6.8, which implies an annual growth of 21.4%.
The current consensus estimate of the DPS is N / A, implying a potential dividend yield of N / A.
The current consensus estimate of EPS suggests that the PER is 25.3.

This company reports in USD. All estimates have been converted to AUD by FNArena at current exchange values.
Market sentiment: 0.0
All consensus data is updated until yesterday. FNArena consensus calculations require a minimum of three sources


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