Friday, December 06, 2013
Forge Group’s return to listing produced one of the largest single day price falls in ASX history.
On Monday 2 December we published a blog post detailing the events that unfolded at FGE. Click here to read the article.
Over the course of this week Skaffold has worked closely with our data provider, Thomson Reuters, to ensure the four analysts contributing forecasts to Skaffold for Forge update their 2014, 2015 and 2016 estimates as soon as possible.
Also over the course of this week Skaffold’s intrinsic value has been revised down to reflect the new information available.
On 4 December FGE responded to an Aware Letter issued by the ASX.
This morning the updated estimates resulted in FGE’s 2014 forecast valuation declining to $0.00. 2014 earnings per share estimates for FGE now range from $0.15 to -$0.96.
*Update, 10th December 2013* Over the weekend Forge's forecasts were updated again by analysts, raising the 2014 forecast of estimated Intrinsic Value to $0.79. Both analysts currently covering FGE are forecasting EPS of $0.15 for 2014 but are no longer forecasting a dividend.
Please note that analyst forecasts can be updated at any time as new information comes to hand or analysts review their expectations.
Wednesday, September 04, 2013
Seek Limited (SEK) has ended the 2013 financial year with more than $184 million cash in bank, improving the quality of its balance sheet and lifting its Skaffold Quality Score from B to A. Unfortunately the increase in total shareholders equity, coupled with higher debt, did not result in a material uplift in NPAT and SEK’s return on equity fell from close to 40% in 2012 to 24%, as at 30 June 2013. SEK is now rated A2 by Skaffold.
Companies to report improving business performance over the last six months include vitamin developer Blackmores (BKL), wealth management business SFG Australia (SFW), software developers Objective Corporation (OCL) and Prophecy International Holdings (PRO).
Wednesday, March 06, 2013
It’s the last week of reporting season, and the upsets keep emerging. Regional airline Regional Express (REX) has held Skaffold’s second highest A2 Score for 5 of the past 10 years. REX has fallen to A3. So has Seymour Whyte. Other companies to update in Skaffold include Silver Lake Resources (SLR), Saracen Mineral Holdings (SAR), AV Jennings (AVJ), Corporate Travel Management (CTD), Global Construction Services (GCS), Harvey Norman (HVN), Challenger (CGF) and Perpetual (PPT).