IOOF Holdings Ltd

IFL Details
·         Traded ex-dividend: IOOF Holdings Ltd (ASX: IFL) stock lost over 3.8% on March 08, 2017 as the group traded ex-dividend. IFL witnessed ongoing positive net flows of $1.4 billion which is a rise for the half year 2017 over prior corresponding period. The group reported a positive platform of net flows for the 16^th consecutive quarter. The group also reported that their ClientFirst is gaining momentum. IFL divested their non-core business and reported for cost to income ratio of 58.9%. The group reported an UNPAT $79.4 million and generated a 26cps interim dividend. Meanwhile, the overall industry drivers for the group look positive.

·         Recommendation: We maintain our “Hold” recommendation on the stock at the current price of - $ 8.35

Whitehaven Coal Ltd

WHC Details
·         Challenging commodity prices: Whitehaven Coal Ltd (ASX: WHC) stock lost over 2.13% on March 08, 2017 due to an impact from the volatile commodity prices. On the other side, the group expects a saleable coal production to be in the range of 21Mt to 22Mt for FY17. Subsequent to the end of the financial period 2016, the group has repaid a further $105 million of senior bank facility debt.

·         Recommendation: WHC stock already rallied over 273.5% in the last one year (as at March 07, 2017) and is trading at a relatively higher level. We maintain our “Expensive” recommendation on the stock at the current price of – $ 2.76


Managed Coal Sales (Source: Company Reports)

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