15 December 2021
Altium (ALU): Easy tiger
There is no change in our forecasts for Altium which we last updated in early November. We have updated the PT to $45.00 and downgraded our recommendation from BUY to HOLD.
9 December 2021
DGL Group (DGL): One small step
We largely anticipated a vanilla AGM for DGL as the company begins working through the initial stages of integrating a combined seven new businesses ($69.5m), or 25 new sites, into its Trans-Tasman chemicals logistics network.
8 December 2021
GrainCorp Ltd (GNC): Goodnight, tonight, goodbye
The Dec’21 ABARES crop report highlighted an east coast winter crop forecast of 29.1mt above last year’s previous high of 28.6mt.
29 November 2021
Nickel Mines Limited (NIC): Production to double in CY23
NIC announced it has signed a Memorandum of Understanding. We reinforce NIC as one of our top picks in the sector and we retain our Buy recommendation.
29 November 2021
National Australia Bank (NAB): Folksy, not schmaltzy
The ACCC will not oppose NAB’s buy of the Citi consumer business as the transaction should not lessen competition.
25 November 2021
LIC Quarterly – The LIC sector trades at a discount to NTA… Right?
In the latest LIC Quarterly report we discuss one method for identifying and determining the importance of pre-tax NTA versus post-tax NTA, as well as the treatment of pre-tax and post-tax net effects considered in this calculation.