Forsyth Barr Research
Recent (Showing 20 of 1451)
- 24 May 2013 public
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24 May 2013
Xero (XRO): FY13 Result – Does an Australian Reckoning await?
The FY13 result met expectations, with an NPAT loss of -$14.4m. The outlook for FY14 is much the same, with investment in the US, UK and Australia being the main focus.
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23 May 2013
Argosy Property (ARG): FY13 – Tighter Portfolio & Strategy
While the FY13 result was flat at the operating line, distributable profit per share growth of +14% was strong as a result of reduced interest costs and again not paying tax. The 6 cps cash dividend was as per guidance. The ARG share price has been...
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23 May 2013
DNZ Property Fund (DNZ): Steady FY13 - $80m Capital Raising Confirmed
This result was close to what we were forecasting. DNZ has provided flat FY14 dividend guidance that was slightly below expectations and confirmed an $80m capital raising. DNZ continues to do a strong job managing its portfolio. While our near-term...
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23 May 2013
Thorn Group: FY13 Result
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23 May 2013
Melbourne IT Limited: Announcement of 25cps Special Dividend
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23 May 2013
Life Insurance: APRA first quarter life insurance statistics
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23 May 2013
Ruralco: 1H13 result review
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23 May 2013
Myer Holdings Limited: Third quarter sales
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23 May 2013
Cardno Limited: Downgrades full year guidance
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23 May 2013
Iluka Resources: Zircon outlook continues to improve - ALERT
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23 May 2013
BHP Billiton Limited: Feedback from CEO Andrew Mackenzie - ALERT
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23 May 2013
public
Fixed Interest Daily Schedule - 23 May. 2013
Rollercoaster ride overnight with the Dow up 120pts before swinging 200pts to close down 80pts. The Nasdaq closed down 38pts and the EuroStoxx was 0.47% higher. Bernanke was steady as she goes in testimony however he opened the door for tapering of...
Fixed Interest Schedule.pdf PDF 22KB
- 23 May 2013 public
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23 May 2013
Fletcher Building (FBU): Change, Challenges and Opportunities
Fletcher Building highlighted the change and challenges impacting the group, together with value capturing opportunities at its Sydney strategy day. The tone was realistic, positive and combative. The company is undergoing a significant multi-year...
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22 May 2013
Restaurant Brands NZ (RBD): Upsize Your Order
Restaurant Brands is a well-run corporate franchisee, focused on fast food. Earnings are dominated by KFC. However, future growth will be largely driven by its entry into the burger market with Carl’s Jr. RBD continues to reduce its company-owned...
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22 May 2013
Australian Insurance: Qld CTP pricing trends a negative for SUN
The Motor Accident Insurance Commission (MAIC) recently released rate filings by insurers for the July 2013 quarter. Despite low interest rates and the scheme actuaries’ view of an increase in “risk premium”, the ceiling reduced, forcing insurers to...
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22 May 2013
US General Insurance: First quarter US earnings season wrap
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22 May 2013
Silex Systems: US$15m milestone payment achieved
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22 May 2013
Cabcharge Australia: Buys small Victorian bus operation - ALERT
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