Analyst Research
G8 Education Ltd (GEM) – BUY
GEM’s first half calendar 2018 (1H18) highlighted that the current oversupply in the industry is not abating and will likely keep downward pressure
IRESS Ltd (IRE) – NEUTRAL
IRESS Ltd (IRE) is an ASX-listed company that specialise in software for the finance industry, with a focus on financial markets, wealth management and superannuation. IRE operates in the Asia-Pacific, UK, South Africa and Canada.
Northern Star Resources (NST) – Neutral
NST reported record FY18 results after a slightly disappointing half year, with key figures: 1. NPAT up +3% on the previous corresponding period (pcp) to $194.1m (excluding proceeds from asset sales in FY17); 2. Combined group EBITDA up +4% to…
Qantas Group Ltd (QAN) – BUY
Qantas Group (QAN) posted record profit levels with growth in all segments contributing to underlying profit of $1.6bn (up +14% on pcp).
Tassal Group (TGR) – BUY
TGR’s FY18 operating profit of $50.3m and operating EBITDA of $99.78m came in below consensus estimates of $51.2m and $105.5m respectively.
Platinum Asset Mgmt (PTM) – NEUTRAL
Platinum Asset Management (PTM) saw its share price increase marginally after the Company’s FY18 results.
Santos Ltd (STO) – Neutral
Santos (STO) delivered a solid first half 2018 (1H18) results, with the company declaring its first dividend since 2016.
Vocus Group Ltd (VOC) – NEUTRAL
VVR reported solid 1H18 results with distributable earnings of 6.99cps, a +2.8% uplift. In line with the 100% payout policy, the distribution
Virtus Health Ltd (VRT) – Buy
Virtus Health Ltd (VRT) reported FY18 results missed analyst expectations, with net income of $30.7m -2.8% below consensus at $31.6m
Nine Entertainment (NEC) – BUY
NEC reported a very strong result for FY18, with revenue up +6%, group EBITDA up +25% and EPS up +27% on previous corresponding period (pcp). NEC’s NPAT pre items of $156.7m came in slightly ahead of estimates of $155.8m.
Viva Energy REIT Ltd (VVR) – BUY
VVR reported solid 1H18 results with distributable earnings of 6.99cps, a +2.8% uplift. In line with the 100% payout policy, the distribution
Arena REIT (ARF) – Buy
Arena REIT (ARF) reported solid FY18 results largely in line with market expectations with solid headline numbers with growth.
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