Stock Analysis Archives - Fairmont Equities

Is the Perpetual (PPT) share price looking toppy?

September 15, 2021 by Michael Gable

Shares in Perpetual (ASX:PPT) have re-rated over the past six months following a large-scale expansion internationally, fund outflows in the domestic business reversing to inflows, and a greater contribution to profit from performance fees. The Company is in the middle of a transition from an Australian business focused largely on domestic funds management to a more diversified, global fund manager. At present, the establishment of distribution capabilities in key geographies is still in the early stages and is tracking ahead …

Recovery underway in oOh!media

September 9, 2021 by Michael Gable

On the surface, oOh!Media’s (ASX:OML) results for the six months to 30 June 2021 (1H21) and outlook commentary suggested that the Company is well leveraged a domestic economic & business recovery once current restrictions ease. However, the extent to which OML can capitalise on an eventual recovery in market conditions is also dependent on several Company-specific factors. Accordingly, we assess the extent to which the re-rating in the shares can continue. About oOh!media oOh!media (OML) operates in the Australian and …

Can the REA share price rise with house prices?

September 1, 2021 by Michael Gable

REA Group (ASX:REA) recently reported results for the 12 months to 30 June 2021 (FY21). The FY21 results highlighted operating leverage as well as strength in the underlying business. Despite this, the share price has gone backwards. A key reason for the sell-off in the shares following the result release was that the outlook for listings growth was softer than expected. We assess the positive & negative factors influencing the outlook for listings growth in FY22, which is a key …

CIMIC shares may struggle from here

August 25, 2021 by Michael Gable

We recently researched CIMIC Group (ASX:CIM) after the Company reported results for the six months to 30 June 2021 (1H21). The 1H21 results showed a strong increase in Work-In-Hand (WIH). The core Construction and Services segments bounced back strongly in 1H20 after both reported depressed margins in 2H20 because of a temporary delay in project awards and a slowdown in revenues due to COVID-19. The result and guidance were both well received by the market but are they enough to …

Recovery underway for Nufarm shares

August 18, 2021 by Michael Gable

In May 2021, Nufarm (ASX:NUF) reported an impressive set of results for the six months to 31 March 2021 (1H21). However, despite this, the share price continued to weaken. The reasons for this included: i) Full-year guidance that implied a usually low skew in 2nd half earnings for FY21, and ii) Concerns about the sustainability of the earnings recovery in the Europe segment. Accordingly, we recently researched the Company to assess whether there were any catalysts to support a recovery …