Brokers welcome the prompt sale of two non-core businesses and the reduced risk of EclipX breaching its corporate debt covenants.
People Infrastructure has been busy with acquisitions since its IPO, with brokers noting the higher profile in the attractive healthcare and IT sectors.
After downgrading FY19 guidance substantially, Superloop has assured the market that the errant contract at the heart of the downgrade is still on track.
Brokers have become favourably disposed towards Emeco Holdings, as the market for earthmoving equipment rental is tight after significant rationalisation of industry participants.
Brokers expect the sale of gas processing infrastructure at the company’s Roma North field will strengthen Senex Energy’s balance sheet, allowing the market to price in a greater portion of the future earnings profile.
As expected, EclipX delivered a very weak first half, posting losses in four out five of its adjacent businesses. Yet brokers believe upside has emerged if the focus can return to the core operations.
Brokers expect strong growth in returns from Think Childcare over the next few years.
Increased competition in generic drugs has caused a significant deterioration in Mayne Pharma earnings and the company is reviewing the carrying value of these assets.
In a difficult, changing and subdued retail/housing environment the success of City Chic Collective and Adairs can be attributed to a deep knowledge of their customer base. Canaccord Genuity initiates coverage on the two.
Lithium sales were significantly lower in the March quarter for Galaxy Resources, while the sell-down process for Sal de Vida has been formally closed without a deal.