Page 75 - Weekly Reports News Today

Summary: By Greg Peel After some typical book-squaring argie-bargie at the end of the last quarter, the new quarter saw an opening week rally for the ASX200 straight through 6800 resistance and on to 7000, where it has since hit a brick wall. Short activity continues to remain muted, but for a couple of moves. With the vaccine rollout in Australia being (a) a complete balls-up and (b) hampered by contract reneging in Europe, the possibility of reopening the international border this year has fu...

Apr 13 2021 As the uranium price rise of recent weeks takes a breather, Cameco plans to restart production at the Cigar Lake mine -Cameco’s Cigar Lake mine to restart -Recent research on ASX-listed uranium companies -The weekly Spot uranium price falls -2.7%  By Mark Woodruff  In a move that surprised some commentators given the pandemic caseload in northern Canada, Cameco has announced it plans to restart production at the Cigar Lake uranium mine in April. In some quarters it’s felt r...

Crafting Opportunities One Chug At A Time Here’s cheers: the craft beer market offers plenty of upside to the discerning operators By Tim Boreham, Editor, The New Criterion Investors thirsting for an ASX beer exposure have been left largely unsated since Fosters/Carlton United Breweries and Lion Nathan were subsumed by foreign buyers a few years back. Coca Cola Amatil (CCL) has long held beer and spirits ambitions that have never quite come to fruition, but in any event the bottler looks head...

By Mark Woodruff Guide: The FNArena database tabulates the views of seven major Australian and international stock brokers: Citi, Credit Suisse, Macquarie, Morgan Stanley, Morgans, Ord Minnett and UBS. For the purpose of broker rating correlation, Outperform and Overweight ratings are grouped as Buy, Neutral is grouped with Hold and Underperform and Underweight are grouped as Sell to provide a Buy/Hold/Sell (B/H/S) ratio. Ratings, consensus target price and forecast earnings tables are publishe...

This story features CHALLENGER LIMITED, and other companies. For more info SHARE ANALYSIS: CGF For a more comprehensive preview of next weeks events, please refer to "The Monday Report", published each Monday morning. For all economic data release dates, ex-div dates and times and other relevant information, please refer to the FNArena Calendar . By Greg Peel Wall Street went a bit quiet this week although the trend remained steadily upward. The mood might change next week when the March quarte...

-National house prices up 2.8% in March -Auction clearance rates hit record 83% -Melbourne CBD assets under greatest pressure -Woolworths sustains market share gains over Coles By Mark Story Housing recovery: A tailwind to economic growth Having delivered the strongest monthly price growth since 1988, national house prices were up 2.8% in March from February, which underscores broad-based strength across loan demand, construction and turnover; and all are expected to provide a tailwind to broad...

Summary: Week ending April 1, 2021. Last week was another choppy one for the ASX200, punctuated by the Brisbane snap lockdown and then reopening for Easter. The index has only traded net higher since, breaching the 6900 level. As for short position movements, the table below tells the tale. In last week’s Report I noted there had been no change to the total number of stocks shorted by 5% or more but several short position reductions nevertheless. Last week saw no changes to stocks in all of t...

10:57 AM As the uranium prices continue to rally, Morgan Stanley expects inventories to diminish and prices to trend higher -Morgan Stanley forecasts US$48/lb by 2024.  -Disposal of uranium waste deemed safe -Spot uranium price climbs nearly 13% in March The pandemic has been a greater disruption to uranium supply than to demand, with nuclear power proving to be very resilient in most markets. Nonetheless, sales from inventories have capped price upside. As inventories diminish, Morgan Stan...

The War For Drugs By Tim Boreham, Editor, The New Criterion The mere mention of magic mushrooms, ecstasy or ketamine is enough to send parents of teenagers into conniptions. But are these so-called party drugs poised to follow cannabis into the realm of a medical treatment within a legitimate listed sector? As a likely precursor to more local action in the (mind) expanding field, cannabis play Creso Pharma (CPH) this month said it would acquire the privately-owned Nova Scotia based Halucenex L...

By Mark Woodruff Guide: The FNArena database tabulates the views of seven major Australian and international stock brokers: Citi, Credit Suisse, Macquarie, Morgan Stanley, Morgans, Ord Minnett and UBS. For the purpose of broker rating correlation, Outperform and Overweight ratings are grouped as Buy, Neutral is grouped with Hold and Underperform and Underweight are grouped as Sell to provide a Buy/Hold/Sell (B/H/S) ratio. Ratings, consensus target price and forecast earnings tables are publishe...