IOOF Holdings Limited
.png)
IFL Details
-
Weak FY 16 result: IOOF Holdings Limited (ASX: IFL) stock fell 7.6% on August 09, 2016 after the company reported a weak FY 16 full year result. IFL’s underlying NPAT is flat at $173.4m in FY 16 as compared to FY 15 while underlying EPS fell 4% to 57.8cps. On the other hand, IFL has increased its performance from the Shadforth acquisition combined with strong net inflows and is reinvesting in core businesses. The stock has risen 18.45% in the last six months as on August 08, 2016, while the company has a strong dividend yield.
-
Recommendation:We give a “Hold” recommendation on the stock at the current price of $8.60
.png)
Financial Performance of FY 16 (Source: Company Reports)
Programmed Maintenance Services Limited
.png)
PRG Details
-
Reaffirmed FY 17 forecasts: Programmed Maintenance Services Limited (ASX: PRG) stock fell 3.96% on August 09, 2016. PRG recently reaffirmed its FY 2017 earnings before interest, tax, and amortization forecast in the range of $100 and $110 million. After taking into account a $102.4 million impairment in its Marine division and $34 million in integration expenses for its acquisition of Skilled Group, PRG had reported the statutory loss of $98 million for FY 2016. Meanwhile, PRG stock has risen 98.04% (as on August 08, 2016) in the last six months and the company has a solid dividend yield.
-
Recommendation:We believe there is more upside to the stock and give a “Speculative Buy” recommendation at the current price of $1.94
REA Group Limited
.png)
REA Details
-
Lower than estimated FY 16 result: REA Group Limited (ASX: REA) stock fell 1.13% on August 09, 2016 after the company reported a lower than estimated FY 16 results with investors also seeing softness in FY17 growth. REA has reported 20% increase in revenue to $630 million and 16% increase in NPAT to $215m in FY 16 over FY 15. On the other hand, the website realestate.com.au is number one in domestic market and REA had acquired iProperty group and Flatmates.com. The company has seen 81% app visits’ growth on year on year basis.
-
Recommendation:REA Stock has risen 23.69% (as on August 08, 2016) in last six months and we give a “Hold” recommendation on the stock at the current price of $59.52
.png)
Financial Performance for FY 16 (Source: Company Reports)
Disclaimer
The advice given by Kalkine Pty Ltd and provided on this website is general information only and it does not take into account your investment objectives, financial situation or needs. You should therefore consider whether the advice is appropriate to your investment objectives, financial situation and needs before acting upon it. You should seek advice from a financial adviser, stockbroker or other professional (including taxation and legal advice) as necessary before acting on any advice. Not all investments are appropriate for all people. Kalkine.com.au and associated pages are published by Kalkine Pty Ltd ABN 34 154 808 312 (Australian Financial Services License Number 425376).The information on this website has been prepared from a wide variety of sources, which Kalkine Pty Ltd, to the best of its knowledge and belief, considers accurate. You should make your own enquiries about any investments and we strongly suggest you seek advice before acting upon any recommendation. Kalkine Pty Ltd has made every effort to ensure the reliability of information contained in its newsletters and websites. All information represents our views at the date of publication and may change without notice. To the extent permitted by law, Kalkine Pty Ltd excludes all liability for any loss or damage arising from the use of this website and any information published (including any indirect or consequential loss, any data loss or data corruption). If the law prohibits this exclusion, Kalkine Pty Ltd hereby limits its liability, to the extent permitted by law to the resupply of services. There may be a product disclosure statement or other offer document for the securities and financial products we write about in Kalkine Reports. You should obtain a copy of the product disclosure statement or offer document before making any decision about whether to acquire the security or product. The link to our Terms & Conditions has been provided please go through them and also have a read of the Financial Services Guide. On the date of publishing this report (mentioned on the website), employees and/or associates of Kalkine Pty Ltd currently hold positions in: BHP, BKY, KCN, PDN, and RIO. These stocks can change any time and readers of the reports should not consider these stocks as advice or recommendations.