The general evaluation of WESTERN AREAS (AU), a company active in the General Mining industry, has been upgraded by the independent financial analyst theScreener with the addition of a star. Its fundamental valuation now shows 4 out of 4 possible stars while its market behaviour can be considered as moderately risky. theScreener believes that the additional star(s) merits the upgrade of its general evaluation to Slightly Positive. As of the analysis date January 28, 2022, the closing price was A...
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....
Two Directors at Western Areas Limited bought/maiden bought 19,661 shares at between 2.039AUD and 2.040AUD. The significance rating of the trade was 51/100. 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...
Stick to Growth. Growth has outperformed Value by 10%pts year-to-date and we expect its outperformance to continue for the remainder of the year, given the limited opportunities for a sustainable upswing in earnings growth and market pricing that is already stretched. Cheap stocks with Mispriced longer-term Earnings. Value Traps Persist. There are many stocks within the ASX200 universe that look attractive because they are cheap. Be wary of Junior Miners and Consumer Discretionary stocks....
We advise we will cease coverage of Western Areas in July 2017 to focus on higher-quality names. We reiterate our no-moat, high fair value uncertainty, and Standard stewardship ratings. Our unchanged AUD 1.90 per share fair value estimate reflects a midcycle USD 4.50 per pound nickel price assumption. Our no-moat rating acknowledges the relatively low operating cost position, in the bottom quartile of the industry cost curve. However, we don’t expect returns to consistently beat the cost of ca...
Synopsis Western Areas Limited - Strategy, SWOT and Corporate Finance Report, is a source of comprehensive company data and information. The report covers the company's structure, operation, SWOT analysis, product and service offerings and corporate actions, providing a 360Ëš view of the company. Summary - Detailed information on Western Areas Limited required for business and competitor intelligence needs - A study of the major internal and external factors affecting Western Areas Limited in...
We maintain our AUD 1.90 per share fair value estimate for Western Areas. With the share price trading around AUD 2.30, the shares are moderately overvalued. The market expects meaningful gains in the nickel price but our USD 4.50 per pound assumption, in line with the spot price, is more circumspect. New ore exports from Indonesia and New Caledonia will be a longer-term headwind if they persist and increase. Indonesia has slightly loosened its ban on ore exports but to date the impact in the ph...
We maintain our AUD 1.90 per share fair value estimate for Western Areas. First-half fiscal 2017 net profit after tax of AUD 0.5 million was slightly weaker than expected. Revenue fell short of our forecast due to the decline in nickel price in January, which impacted the company’s estimate for the price to be realised on nickel sold the December quarter. Typically, there is a three-month delay between the time of the sale and the finalisation of price. However, with the nickel price higher in...
We raise our fair value estimate for Western Areas to AUD 1.90 per share from AUD 1.80 due primarily to the time value of money. Second quarter fiscal 2017 production was relatively strong with nickel in concentrate output rising 1% to 5,840 tonnes versus the previous quarter. Cash costs declined 7% to AUD 2.35 per pound of nickel in concentrate thanks to higher grades, better recoveries, and lower mining costs. First-half cash costs of AUD 2.44 per pound of nickel in concentrate are tracking to...
Ford Equity International Research Reports cover 60 countries with over 30,000 stocks traded on international exchanges. A proprietary quantitative system compares each company to its peers on proven measures of business value, growth characteristics, and investor behavior. Ford's three recommendation ratings buy, hold and sell, represent each stock’s return potential relative to its own country market.. The rating reports which are generated each week, include the fundamental details behind...
We retain our AUD 1.80 per share fair value estimate. September quarter production was largely as expected. Production volumes beat our forecast and are on track to beat guidance, but cash costs were slightly higher than we expected. Our fiscal 2017 earnings forecast is unchanged at AUD 0.03 per share, equivalent to net profit after tax of AUD 8 million. This is a meaningful turnaround from fiscal 2016’s adjusted net loss of AUD 16 million, a function of a forecast 7% higher nickel price. Desp...
We maintain our AUD 1.80 per share fair value estimate for Western Areas. While the outlook is for weaker production and higher cash costs in fiscal 2017, tighter capital cost control offsets those headwinds and sees our fair value maintained. The fiscal 2016 adjusted net loss of AUD 17 million was in line with our expectation. Western Areas is focused on cash preservation in the current environment, correct in our view. Tightening up capital expenditures will restrict some sources of higher-gra...
We maintain our AUD 1.80 per share fair value estimate for Western Areas. While the outlook is for weaker production and higher cash costs in fiscal 2017, tighter capital cost control offsets those headwinds and sees our fair value maintained. The fiscal 2016 adjusted net loss of AUD 17 million was in line with our expectation. Western Areas is focused on cash preservation in the current environment, correct in our view. Tightening up capital expenditures will restrict some sources of higher-gra...
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