AU
CA
NZ
UK
US
IND
Kalkine has a fully transformed New Avatar.
In today’s daily we have covered stock research on Collection House (EXPENSIVE), Energy Resources Australia (Expensive) and 2 Growth Stocks To BUY.
The S&P 500 was up by 5.47 points or 0.27% to 2063.11 on Tuesday. U.S. stocks finished up after a choppy trading day on Tuesday as investors held out hope for a deal to keep Greece in the euro, though major indexes ended lower for the month. The first quarterly drop in the S&P 500 since 2012 has left the US stock market barely up for the year. Although the index closed 0.3 per cent higher on Tuesday at 2063.12, escaping a second day of steep declines in Europe, the S&P 500 ended the second quarter down 0.2 per cent.
Greece made last-minute overtures to its international creditors for aid on Tuesday, but it was not enough to save the country from imminent default on loans with the International Monetary Fund.Athens asked its European partners for new aid and offered to scrap a referendum in an attempt to lure creditors back into talks after five months of inconclusive negotiations have brought Greece close to leaving the euro currency bloc.
Wendel, the French investment group, has struck a deal to acquire AlliedBarton Security Services from private equity firm Blackstone for $1.67bn ( a price that includes debt.) Founded in 1957,AlliedBarton is one of the largest providers of security guards in the US and its clients include Fortune 500 companies and government offices. Phil Knight, the co-founder of Nike, has called time on a more than 40-year career as chairman of the sportswear company.
Nike Daily Chart (Source - Thomson Reuters)
S&P ASX 200 was up by 36.50 points or 0.67% on Tuesday and closed at 5459.00 points. Outdoor clothing and equipment retailer Kathmandu Holdings was among the top stock performers for the day after news broke that New Zealand retailer Briscoe Group planned to takeover the chain. Its shares surged 25.6 per cent to $1.57. Bluescope Steel also enjoyed a solid day, rising 8.3 per cent to $3 a share, while heavyweight Telstra boosted the sharemarket, up 1.1 per cent to $6.14.
Among mining stocks, iron ore miner Fortescue Metals Group fell 1 per cent after the Australian government cut its iron ore price forecast by 10 per cent to $US54.40 a tonne, amid a weak outlook for Chinese steel production, its main market. Newcrest Mining fell 0.8 per cent to $13.02 despite the spot gold price rising 7 per cent overnight. Fellow gold miners Evolution Mining andNorthern Star, both winners on Monday, also lost 5.15 per cent and 4.56 per cent, respectively. In the banks, Westpac was up 0.4 per cent to $32.15, National Australia Bank added 0.3 per cent to $33.31, Commonwealth Bank rose 0.5 per cent to $85.15 and ANZ finished the day 0.4 per cent higher at $32.20.
Newcrest Mining Daily Chart (Source - Thomson Reuters)
Get up to 2 Years of free subscription by inviting your friends to KALKINE!
For every friend of yours who joins KALKINE, we'll give you 3 months of free subscription (up to a limit of 24 months free subscription). If you recommend 3 friends and they join within a month of you referring them, you get 1 year free subscription to KALKINE reports added to your account (up to a limit of 24 months free subscription). Simply reply to this email with their name, e-mail and phone number.
Collection House (Expensive)
The company made a presentation to its investors on 30th April 2015, whose highlights were revenue growth of 22.7% and Net Profit after tax growth of 19.1%. The company has registered 19% compounded growth in revenues in last 4 years.
The majority of growth of the company has been organic, driven by leveraging of core strengths in compliance, innovation and experience of depth / data. Prior year experience has provided extra collection capacity to increase liquidation rates. The company has also improved performance from Manila operation, which was expanded in late FY14 by 40% to 110 seats, as a transitional step towards a larger facility. The company has a five pillar growth strategy consisting of increasing scale by growing in existing and new markets, product development of new debt solutions for both clients and customers, ongoing investment in innovation technology and analytics, pioneering new debt purchase markets and models and exploring partnership or acquisition opportunities in adjacent service areas. Click Here To Read Full Report
Collection House Office Locations (Source - company Reports)
Energy Resources Australia (Expensive)
Last month, Rio Tinto said that it is not interested to continue with the final feasibility study of the Energy Resources of Australia Limited (ASX: ERA) Ranger 3 Deeps project in the present operating environment, with regards to the economic challenges faced by the project. Rio Tinto was earlier involved with Energy Resources on a conditional credit facility to support the company fund its ongoing rehabilitation work at the Ranger mine site. Moreover, Rio Tinto would fund Energy resources if the Ranger project needed extra funds beyond the firm’s cash reserves and future earnings from processing ore stockpiles. Click Here To Read The Full Report
Rehabilitation Schedule(Source - Company Reports)
2 Growth Stocks To BUY
BlueScope Steel Ltd
Recently, the company took note of media speculation that a decision had been made to close its steelmaking activity at Port Kembla and advised that no such decision had been made yet. The company said that it continually reviews ways in which to better serve its customers through increased competitiveness. It noted that the global steel sector continues to change and that the company must change along with it. It believes that its manufacturing costs are currently too high and that it is looking for a game changer approach which can significantly reduce these costs. These aspects of business are currently being discussed as part of the negotiation on the current enterprise agreement at Port Kembla. The company is committed to maintain a steelmaking business that is internationally competitive and which will support reinvestment. Click Here To Read Full Report
Karoon Gas Australia Limited
The company follows the strategy of seeking high-quality equity interests in exploration projects in the early stages involving proven production systems that can provide opportunities. It seeks to create shareholder value by employing its geo-technical skills on the acreage, leveraging its equity investments to create funding and aims to retail a substantial equity position through the development phase and into production. It uses its abilities to take forward the best opportunities from within its portfolio to obtain the maximum advantage.It has a market capitalisation of $ 590 million with 246.6 million ordinary shares on issue as well as 11 million unlisted options. Cash and cash equivalents as at 31 December 2014 amounted to $ 680 million and, through its buyback program, has purchased approximately 4% of its outstanding shares for the half-year ended 31 December 2014. Click Here To Read Full Report
Level 13 167 Macquarie Street
Sydney NSW 2000 Australia
E-Mail - [email protected]
Phone - 02 8667 3147
Note - You can also view this daily in the special reports section.
Please wait processing your request...