A director at Beach Energy Limited bought 40,000 shares at 1.310AUD and the significance rating of the trade was 66/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the last two years c...
BEACH ENERGY (AU), a company active in the Exploration & Production industry, loses a star(s) at the fundamental level and sees its general evaluation downgraded. The independent financial analyst theScreener just removed a fundamental star(s) for a 3 over 4-star rating. As such, market behaviour remains unchanged and is evaluated as moderately risky. theScreener believes that the loss of a star(s) merits downgrade to the general evaluation of the title, which passes to Neutral. As of the analys...
Full Article at IIR has reaffirmed its Recommended rating for PIA after undertaking a review post the appointment of a new Portfolio Manager, Harding Loevner. The full report can be found on the IIR website. On 26 July 2021, Pengana International Equities Limited (PIA) announced a fully franked dividend of 1.35 cents per share for the June quarter. This represents an 8% increase on the March quarter dividend and takes the total dividends declared for FY21 of 5.1 cents per share, fully franked....
The ASX 200 shrugged off a poor reporting season and another barrage of downgrades in September to gain 1.8% during the month. Australia (22.6%) and New Zealand (24%) are amongst the strongest performing developed equity markets year-to-date underpinned by their relatively high dividend yield. Financials (4.1%) benefitted from global curve steepening and Consumer Discretionary (3.0%) benefited from lower domestic interest rates, while Energy caught a bid from the escalation of tensions bet...
The ASX 200 shrugged off a poor reporting season and fell in line with global markets. Global stock markets fell by 2.0% due to concerns about global trade. Healthcare (3.6%), Property (2.3%) and IT (5.0%) were the best performing sectors, while Materials declined on the backs of a large fall in the price of iron ore and a weak FY19 result from BLD. The strong relative performance of Australia during the past 3 months combined with the large number of downgrades in June and a downgrade ...
We make no change to our AUD 2.25 per share fair value estimate for no-moat Beach Energy. Fourth-quarter fiscal 2019 production marginally exceeded expectations, down just 4% to 7.0 million barrels of oil equivalent, or mmboe. Decline was expected given the sale of 40% of Otway, but Western Flank output ballooned 32% after successful expansion of liquids handling infrastructure. The application of horizontal drilling further boosted Western Flank oil output. Group fourth-quarter sales revenue in...
We make no change to our AUD 2.25 per share fair value estimate for no-moat Beach Energy. Fourth-quarter fiscal 2019 production marginally exceeded expectations, down just 4% to 7.0 million barrels of oil equivalent, or mmboe. Decline was expected given the sale of 40% of Otway, but Western Flank output ballooned 32% after successful expansion of liquids handling infrastructure. The application of horizontal drilling further boosted Western Flank oil output. Group fourth-quarter sales revenue in...
We increase our fair value estimate for no-moat Beach Energy to AUD 2.25 per share from AUD 1.95, due to a lower AUD/USD exchange rate of 0.70, the time value of money, and after increasing our midcycle domestic gas price forecast to AUD 7.15 per million British thermal units, or mmBtu. We think our prior forecast of AUD 6.50/mmBtu was too pessimistic. We think a higher incentive price is needed, given the export linkage and legislative barriers. Our fair value equates to a fiscal 2023 EV/EBITDA...
We increase our fair value estimate for no-moat Beach Energy to AUD 2.25 per share from AUD 1.95, due to a lower AUD/USD exchange rate of 0.70, the time value of money, and after increasing our midcycle domestic gas price forecast to AUD 7.15 per million British thermal units, or mmBtu. We think our prior forecast of AUD 6.50/mmBtu was too pessimistic. We think a higher incentive price is needed, given the export linkage and legislative barriers. Our fair value equates to a fiscal 2023 EV/EBITDA...
We increase our fair value estimate for no-moat Beach Energy to AUD 2.25 per share from AUD 1.95, due to a lower AUD/USD exchange rate of 0.70, the time value of money, and after increasing our midcycle domestic gas price forecast to AUD 7.15 per million British thermal units, or mmBtu. We think our prior forecast of AUD 6.50/mmBtu was too pessimistic. We think a higher incentive price is needed, given the export linkage and legislative barriers. Our fair value equates to a fiscal 2023 EV/EBITDA...
We increase our Beach Energy fair value estimate by 8% to AUD 1.95 per share, due to higher near-term Brent crude prices and the time value of money. We up our 2019 and 2020 Brent crude price forecasts by 9.1% and 9.6% to USD 68.15 per barrel and USD 67.65 per barrel, respectively, in line with the futures curve. Our long-term Brent price forecast is unchanged at USD 60 per barrel in 2021 dollars. Our increased fair value estimate equates to a little changed 2023 EV/EBITDA exit of 4.6, assuming ...
We increase our Beach Energy fair value estimate by 8% to AUD 1.95 per share, due to higher near-term Brent crude prices and the time value of money. We up our 2019 and 2020 Brent crude price forecasts by 9.1% and 9.6% to USD 68.15 per barrel and USD 67.65 per barrel, respectively, in line with the futures curve. Our long-term Brent price forecast is unchanged at USD 60 per barrel in 2021 dollars. Our increased fair value estimate equates to a little changed 2023 EV/EBITDA exit of 4.6, assuming ...
We increase our Beach Energy fair value estimate by 8% to AUD 1.95 per share, due to higher near-term Brent crude prices and the time value of money. We up our 2019 and 2020 Brent crude price forecasts by 9.1% and 9.6% to USD 68.15 per barrel and USD 67.65 per barrel, respectively, in line with the futures curve. Our long-term Brent price forecast is unchanged at USD 60 per barrel in 2021 dollars. Our increased fair value estimate equates to a little changed 2023 EV/EBITDA exit of 4.6, assuming ...
We make no change to our AUD 1.80 per share fair value estimate. Beach reported a 114% increase in underlying first-half fiscal 2019 NPAT to AUD 199 million. That substantial jump reflects a full half’s Lattice Energy contribution and higher oil prices. We exclude AUD 88 million noncash gain from Lattice contract liability unwind, which Beach included in its underlying earnings estimate. Regardless, the first-half result was creditably 7.5% ahead of our AUD 185 million forecast, reflecting bet...
We make no change to our AUD 1.80 per share fair value estimate. Beach reported a 114% increase in underlying first-half fiscal 2019 NPAT to AUD 199 million. That substantial jump reflects a full half’s Lattice Energy contribution and higher oil prices. We exclude AUD 88 million noncash gain from Lattice contract liability unwind, which Beach included in its underlying earnings estimate. Regardless, the first-half result was creditably 7.5% ahead of our AUD 185 million forecast, reflecting bet...
We make no change to our AUD 1.80 per share fair value estimate. The negative impact of weaker near-term oil prices is offset by an increase in our midcycle EBITDA margin assumption, strong second-quarter production, and time value of money. Production and margin gains similarly insulate our fiscal 2019 EPS forecast, unchanged at AUD 0.135. But a full year’s impact of weaker price expectations does crimp our fiscal 2020 EPS forecast by 18% to AUD 0.125. Spot Brent crude currently sits near our...
We make no change to our AUD 1.80 per share fair value estimate. The negative impact of weaker near-term oil prices is offset by an increase in our midcycle EBITDA margin assumption, strong second-quarter production, and time value of money. Production and margin gains similarly insulate our fiscal 2019 EPS forecast, unchanged at AUD 0.135. But a full year’s impact of weaker price expectations does crimp our fiscal 2020 EPS forecast by 18% to AUD 0.125. Spot Brent crude currently sits near our...
We make no change to our AUD 1.80 per share fair value estimate. No-moat Beach reported strong first-quarter fiscal 2019 production, up 7% to 7.8 million barrels of oil equivalent, or mmboe, towards the upper end of our expectations. The company previously provided relatively tight fiscal 2019 production guidance of 25-27 mmboe and says actuals are trending towards the upper end. We consequently increase to 27 mmboe, and lift our fiscal 2019 EPS forecast by 5.5% to AUD 0.135. First-quarter reven...
We make no change to our AUD 1.80 per share fair value estimate. No-moat Beach reported strong first-quarter fiscal 2019 production, up 7% to 7.8 million barrels of oil equivalent, or mmboe, towards the upper end of our expectations. The company previously provided relatively tight fiscal 2019 production guidance of 25-27 mmboe and says actuals are trending towards the upper end. We consequently increase to 27 mmboe, and lift our fiscal 2019 EPS forecast by 5.5% to AUD 0.135. First-quarter reven...
Unfortunately, this report is not available for the investor type or country you selected.
Report is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.