22 November 2023
Australian Agricultural Co (AAC): More than meating expectations
AAC reported 1H24 Operating EBITDA ahead or our expectations at $30.1m. Our Buy rating remains unchanged.
21 November 2023
The transfer balance cap – how does it work again?
In this newsletter we'll explore the transfer balance cap and understanding its nuances for effective retirement planning.
21 November 2023
Telstra Group (TLS): Optionality provides upside
We initiate coverage on telecommunications and technology company Telstra, with a price target of $4.15.
31 October 2023
Fortescue Metals Group (FMG): Soft start to FY24
Our NPV-based valuation is increased by 4% from $15.53/sh to $16.21/sh on favourable adjustments to our iron ore price and AUD:USD forecasts. We retain our Sell recommendation.
31 October 2023
Task Group Holdings (TSK): Following the rails
TSK reported a 2Q24 update outlining continued strong momentum regarding client wins, deployments and cash flows. We maintain our Buy recommendation and reduce our Price Target to $0.57/sh (previously $0.62/sh).
31 October 2023
Clean Seas Seafood (CSS): A year of consolidation
CSS’s AGM highlighted a more sombre trading update than we would have expected, with sales volumes broadly flat YOY and frozen inventories building. We downgrade our rating from Buy to Hold.