Momentum is on the mining companies' side, at least for the short term, as current commodities prices feed through to earnings. |
Oil prices remain artificially elevated at $65 a barrel. Deteriorating fundamentals, with rising labor costs, threaten to significantly reduce the earnings of resources companies. |
Patrick shares are going to be up near A$8 because that is what the market was looking for before it was blocked. When it got shot down by the regulator everyone was disappointed, but upwards of A$8 is what is needed. |
That can lead to oversupply from six months to 12 months on. But in the next six months, the momentum for aluminum is very strong and prices will rise. |
The cost of the expansion is higher than we expected, but diamond prices and demand have been buoyant, which means the project will meet returns targets. |
The real factor for this stock remains the pricing environment. They and their Australian competitors are suffering, and some of the Japanese steelmakers are also affected. |
The result and dividend exceeded our forecasts. The company is saying it has many opportunities to pursue, highlighting a strong deal pipeline. |
The result was ahead of our expectations. Business lending has driven growth and buoyed their earnings. |
The results were generally good and above expectations. |
The volatility of international equity, interest rate and currency markets has the potential to significantly alter the value of the funds' assets. |
Their earnings are more defensive than much of the discretionary retail sector and they manage it better. It's helping them in this period and will keep helping them in the future. |
There is a lot of cash around at the moment, and established infrastructure with stable cash flows is an appealing investment. |
There is medium- and longer-term value in there for the government so they would be smarter holding onto it and placing it in the Future Fund if they didn't need the funds immediately. |
There is some tempering of expectations about U.S. interest rates which is helping a relief rally. |
This has put a significant dent in Toll's expansion and growth plans. This has put an end to the bidding process for the time being. |