Chris Maitland, Head of Investor Relations at Newcrest Mining, presented results for FY17 and the outlook for the year ahead.
Views: 267 Morgans
Amira nature foods just released its annual report and here is my analysis and investment strategy. What do I do? Full-time independent stock market analyst and researcher! STOCK MARKET RESEARCH PLATFORM (analysis, stocks to buy, model portfolio): https://sven-carlin-research-platform.teachable.com/p/stock-market-research-platform Check the comparative table on my Stock market research platform under curriculum preview! I am also a book author: Modern Value Investing book: https://amzn.to/2lvfH3t More at the Sven Carlin blog: https://svencarlin.com Stock market for modern value investors Facebook Group: https://www.facebook.com/groups/modernvalueinvesting/
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Qantas Airways (QAN) has recorded a 14% rise in full year profit before tax - in line with market expectations. The airline has warned that jet fuel prices are set to increase further in FY19. CommSec Reporting Season Coverage: https://www.commsec.com.au/reportingseason CommSec Reporting Season Calendar: https://www.commsec.com.au/content/dam/EN/ReportingSeason/August2018/CommSec_Reporting_Season_Calendar_August2018.pdf Visit CommSec’s Executive Series website: https://www.commsec.com.au/market-news/executive-series.html Visit CommSec’s Market News hub: https://www.commsec.com.au/market-news/the-markets.html Follow us on Twitter: http://www.twitter.com/commsec Subscribe to CommSecTV: https://www.youtube.com/user/CommSecTV
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LNG exports increased strongly near year-end, which lifted short-term charter rates for LNG vessels to the highest level in almost 4 years. Find out more in our website: http://bit.ly/2FNLpCw Subscribe to our channel for more market videos: https://goo.gl/fpLJQk Forward Looking Statements This video contains forward-looking statements which reflect the company’s current views with respect to certain future events and performance, including statements regarding: LNG market fundamentals, including the balance of supply and demand in the LNG market, and spot LNG charter rates. The following factors are among those that could cause actual results to differ materially from the forward-looking statements, which involve risks and uncertainties, and that should be considered in evaluating any such statement: changes in production of LNG or LPG, either generally or in particular regions; development of LNG and LPG projects; changes in applicable industry laws and regulations and the timing of implementation of new laws and regulations; and other factors discussed in Teekay LNG Partners’ filings from time to time with the SEC, including its most recent Annual Report on Form 20-F. The Partnership expressly disclaims any obligation to release publicly any updates or revisions to any forward-looking statements contained herein to reflect any change in the Partnership’s expectations with respect thereto or any change in events, conditions or circumstances on which any such statement is based.
Views: 1167 Teekay Corporation
Newmont Mining Corp said on Monday it would buy smaller rival Goldcorp Inc in a deal worth $10 billion, creating the world’s biggest gold producer in the face of dwindling easy-to-find reserves of the precious metal. The deal, the second high-profile merger in the mining industry since Barrick Gold Corp agreed to buy Randgold Resources Ltd in September last year, comes as the industry looks for ways to cut costs and increase scale. The company, which will be called Newmont Goldcorp, is set to overtake current leader Barrick Gold’s annual production and will have mines in Americas, Australia and Ghana. The Denver, Colorado-based company Newmont will also sell $1 billion to $1.5 billion worth of assets over the next two years as part of the deal, mirroring a similar move by Barrick when it announced the Rangold acquisition. After the deal the new company expects to produce 6-7 million ounces of gold annually over the next ten years and beyond. Barrick has forecast 2018 total gold production in the range of 4.5 million to 5 million ounces. The new company will be led by Newmont Chief Executive Officer Gary Goldberg. Goldberg will retire at the end of 2019 and Tom Palmer, Newmont’s chief operating officer, will then take over as the CEO. Newmont will offer 0.3280 of its share and $0.02 for each Goldcorp share. Based on Newmont’s Friday close, that translates to $11.46 per share, a premium of about 18 percent to Goldcorp’s Friday close on the New York Stock Exchange. The deal is scheduled to close in the second quarter and is expected to generate up to $100 million in savings, the company said. Vancouver-based Goldcorp’s U.S.-listed shares were up about 13 percent before the bell on Monday. Newmont Mining’s shares were down 3 percent.
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This is the Australian stock market closing report for Thursday, 19 May 2016 In the overnight session The US major averages were mixed with the Dow Jones and the S&P 500 closing flat. The minutes from the April FOMC meeting were released indicating a possible interest rate rise at the upcoming meeting which resulted in the US dollar strengthening and commodity related stocks significantly selling off This produced a negative lead for the Australian commodity related sectors, with all of the related sectors measurably moving to the downside. However the potential damage to the ASX 200 index from the commodity sell off was mitigated somewhat due to the heavyweight financials sector closing positive. The ASX 200 close to the downside 32 points or 0.6% to 5323 The daily trading range was 68 points with the high of the session of 5371 and the low of the session at 5303 Market breadth was two thirds negative with 61 advancing stocks versus 127 declining stocks and 12 stocks unchanged The weakest sector for the session was the All Ords Gold Index closing down 7.53% Saint Barbara closedown 10.5%, Ramelius Resources closed lower by 9.7% and Resolute Mining closedown 9.7% The Metals and Mining sector wasn't far behind closing to the downside 4.4% Beadell Resources was lower by 9.4%, Evolution Mining was down 8.85% and Regis Resources was down 8.75% BHP Billiton was down 4.1% to $18.63 and Rio Tinto was down 3.6% to $44.18 The Energy sector was relatively weak to the overnight crude oil price closing to the downside 2% Worley Parsons was off for 4.1%, Santos was down 3.55% and Origin Energy was lower by 3.4% The financial sector bucked the trend of the overall benchmark index closing to the upside 0.1% Henderson Group close to higher 3.7%, QBE Insurance group closed up 1.7% and BT Investment Management closed to the upside 1.7% The big four banks were mixed with ANZ closing higher 1.1% to $24.97, the Commonwealth Bank closing up 0.3% to $77.88, National Australia Bank closing down 0.8% to $27.30 and Westpac closing up 0.8% to $30.22 In economic news The Australian Bureau of Statistics today released the labour force survey which indicated that the unemployment rate for the month of April remained at 5.7% The report showed that the number of persons employed increased by 10,800 in the month of April and that the seasonally adjusted labour force participation rate decreased by less than 0.1% to 64.8% With regards to annual employment growth, the figures are slightly down when compared to December 2015 at 2.6% to the current figures of 2% Economists suggest that the latest data takes some pressure off the reserve bank of Australia to cut interest rates further. The five most active stocks were Fortescue Metals lower by 5.5%, Telstra Corporation down 1.5%, South 32 lower 3.7%, Beach Energy was flat on the session and Alumina down 1.8% The five best performers were James Hardie up 6.2%, Henderson Group higher by 3.7%, JB Hi-Fi up 3.4%, Orora up 2.25% and GWA Group up 2.1% The five worst performers were St Barbara down 10.5%, Evolution Mining down 8.85%, Regis Resources down by 8.75%, Saracen Mineral Holdings down 7.8% and Newcrest Mining down 7.5% The Australian dollar is currently lower in the Asian session trading at 72.20 US cents Spot Gold is trading near session lows off 1.4% to $1257 USD And Crude oil is down 1.6% in the Asian session down 77 cents to $47.42 This has been the Australian stock market closing report for Thursday, 19 May 2016, and I have been your host, Aaron Furst, I'll see you again next time
Views: 18 5alphainvest
CommSec’s Juliana Roadley speaks with Santos Limited (STO) CFO, Andrew Seaton about the company’s recently completed strategic review & its operational milestones. To view more Executive Series interviews, visit: https://www.commsec.com.au/market-news/executive-series.html
Views: 927 CommSecTV
ASX Investment talks with Kevin Lewis, Group Executive and Chief Compliance Officer, ASX Continuous disclosure, trading halts and speeding tickets. It may seem like another language but it is all about making sure that listed companies release information to the market promptly so that investors have equal access to information. Kevin Lewis of ASX is the person responsible for listed company reporting at ASX. He talks to Tony Featherstone. Speaker Biography - Kevin Lewis SJD (Harvard), MBA (U Sydney), LLB (Hons)/BJuris (Hons) (UWA) Group Executive and Chief Compliance Officer, ASX Compliance Pty Limited
Views: 1660 ASX
CommSec's Steven Daghlian provides an analysis of UGL Limited (UGL) Visit CommSec http://www.commsec.com.au Follow Us On Twitter http://www.twitter.com/commsec Subscribe to CommSecTV http://youtube.com/subscription_center?add_user=commsectv August Reporting Season 2012 UGL Limited (UGL)
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Tim McCutcheon, the chief executive of Global Minerals (CVE:CTG), says ‘it’s really about getting the financing to move forward’ at its Strieborná silver project in Slovakia, Europe’s only primary silver mining project. McCutcheon adds the complex used to be an iron ore mining site, which means the infrastructure is already in place, while investors can look forward to the preliminary economic assessment (PEA), due out in the next couple of weeks.
Views: 215 Proactive Investors Stocktube
Wesfarmers Limited (WES) posted a full year Net Profit after Tax of $407 million down 83%. This included previously announced write-downs from retailer Target and its Curragh coal business. For more Reporting Season coverage, please visit https://www.commsec.com.au/reportingseason
Views: 656 CommSecTV
There are different methods by which gold mining companies are ranked. One is by their annual production. Another is by their cash cost per ounce, that is, how much money it costs them to mine the gold. Since gold prices are the same everywhere, companies with lower costs per ounce make more profit. The most common method lists by market capitalization which considers the total value of capital holdings by that company. Also considered when comparing companies is their market capitalization per ounce of gold equivalent which takes the market value and total reserves and resources for each company as well as the price of gold into consideration. The figures for each company can be used to determine the value the stock market gives to each company's reserves on an ounce to ounce basis. If the calculation is to exclude financial assets the enterprise value is used instead of market capitalization. EVO = Enterprise Value/Ounce = Enterprise Value divided by resources. The enterprise value is the difference between a company's market capitalization and its cash, investments less debt. Three of the 10 largest companies by market cap that engage in gold mining, Fresnillo, Buenaventura and Freeport-McMoran are not included in the first list because they are minor gold producers/most of their revenue comes from a metal other than gold but gold accounted for only 8% of revenue. This video is targeted to blind users. Attribution: Article text available under CC-BY-SA Creative Commons image source in video
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The world’s gold miners have spent years avoiding each others’ gazes like nervous teenagers. Now all of a sudden they’re looking like that distracted boyfriend meme: It hasn’t even been two months since Barrick Gold Corp. and Randgold Resources Ltd. announced that their merger was, um, consummated, and already Executive Chairman John Thornton appears to be checking out an old flame. Barrick has in recent months been studying a takeover bid for Newmont Mining Corp., possibly in combination with Newcrest Mining Ltd., people familiar with the matter told Ed Hammond, Danielle Bochove, Aaron Kirchfeld and Ruth David of Bloomberg News Friday. It’s not clear if the deal is still under consideration, the people said. Newmont announced its own tie-up with Goldcorp Inc. last month, which you’d have expected to change the calculus somewhat. Still, a report in the Globe & Mail newspaper citing industry sources familiar with the situation suggested Barrick and Newcrest might be ready to jilt Goldcorp at the altar, carving up Newmont’s assets between themselves and leaving Barrick to pay a $650 million break fee for violating the target companies’ prenup. Newmont and Barrick have quite a history together. The two largest gold miners have held merger talks every decade or so for almost thirty years, with the last courtship breaking down as recently as 2014. Like most odd couples, they complement each other: Barrick’s mines tend to be higher-grade, but the less debt-ridden Newmont produces more consistent returns and has normally been preferred by investors. Barrick has historically been the biggest producer of the pair. It tells you everything you need to know about their relationship that within 12 months of Newmont pulling ahead in output terms, Barrick announced its Randgold deal to get back in pole position. With an on-again, off-again history that rivals Ross and Rachel, it’s tempting to wish Barrick and Newmont would just get a room and end the speculation. At the same time, the rush for alliances at the big end of town risks teaching the wrong lessons from the latest round of dealmaking. The great virtue of the new Barrick is that Chief Executive Officer Mark Bristow has a laser-like focus on improving returns and investing in new supply. That would suggest concentrating simply on the increased volume available from a deal with Newmont isn’t the best way to go. To be sure, there may be ways to combine Newmont and Barrick’s assets that would result in worthwhile synergies – but just below the radar there’s a host of mid-tier gold miners producing better returns and finding more value than the biggest players. Canada’s B2Gold Corp., Kirkland Lake Gold Ltd., Centerra Gold Inc. and OceanaGold Corp. plus Australia’s Evolution Mining Ltd. and Northern Star Resources Ltd. all fail to clear the one-million-troy-ounces-a-year bar that seems to be the minimum to pique the top companies’ interest. Unlike their larger rivals, though, they’re all producing returns well ahead of their cost of capital, which ought to count for something. For the moment, gold mining’s cheerleaders and quarterbacks seem so intent on hooking up that neither is noticing how attractive these wallflowers could be. That’s a mistake. A big, splashy prom is all very well, but a lasting relationship is based on the fundamentals. To contact the author of this story: David Fickling at [email protected] To contact the editor responsible for this story: Rachel Rosenthal at [email protected] This column does not necessarily reflect the opinion of the editorial board or Bloomberg LP and its owners. David Fickling is a Bloomberg Opinion columnist covering commodities, as well as industrial and consumer companies. He has been a reporter for Bloomberg News, Dow Jones, the Wall Street Journal, the Financial Times and the Guardian. |
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Fortescue Metals has reported a full year net profit after tax of US$2,093 million and earnings per share of 67.3 cents. Both measures were a substantial improvement on the prior year helped in large by increased margins & reduced financing costs.
Views: 475 CommSecTV