Sydney Airport: Updates ahead of result By Nathan Lead 11 January 2021, 4:04 PM We make adjustments to our forecasts in advance of SYD’s FY20 result. Looking ahead for the next 12 months we are optimistic that pax will be in a sustained recovery phase given vaccine roll-out plans. Read more...
Dalrymple Bay Infrastructure: Attractive yield with upside potential By Nathan Lead 07 January 2021, 12:00 PM Initiation of Coverage – In the current low interest rate environment, income-oriented investors will be attracted to Dalrymple Bay Infrastructure's (ASX:DBI) high cash yield (8.7%) and commitment to 1-2% pa growth. Read more...
Aurizon Holdings - Coal consideration By Nathan Lead 19 October 2020, 12:00 AM We make immaterial changes to our forecasts. 12-month target price reduces, as we factor in a more conservative valuation on the Above Rail business. Read more...
Video: Morgans Best Ideas: Sydney Airport (ASX SYD) (September 2020) By Nathan Lead 10 September 2020, 1:59 PM This month, I add Sydney Airport (ASX SYD) to the Morgans Best Idea's for September 2020. Read more...
Transurban Group: FY20 result By Nathan Lead 17 August 2020, 10:30 AM Still suffering from COVID Read more...
Reporting Season Preview: Infrastructure By Nathan Lead 05 August 2020, 10:00 AM In this update, I highlight APA Group (APA), Ausnet Services (AST), Spark Infrastructure Group (SKI), Atkas Arteria (ALX), Aurizon Holdings (AZJ), Sydney Airport (SYD), Transurban (TCL), Bingo Industries (BIN), Cleanaway Waste Management (CWY), Qube Holdings (QUB), as well as the CPI, CGB10 and BILL90. Read more...
ASX 100 Reporting Season Playbook By Nathan Lead 28 July 2020, 11:00 AM We preview our expectations for 56 stocks that will report their results in August. Read more...
Aurizon Holdings: Fine tuning in advance of FY20 results By Nathan Lead 14 July 2020, 9:44 AM Aurizon Holdings (ASX:AZJ) will report its FY20 result on 10 August. As a result of Q4 volume weakness, we expect EBIT to be at the bottom end of the $880-930m guidance range. The forecast dividend yield of 5.9% (~70% franked, 100% earnings payout) continues to be appealing, as does the relative revenue resilience, investment grade balance sheet, and potential for further buybacks. Read more...
Sector Update: Infrastructure By Nathan Lead 25 June 2020, 4:44 PM In this update, I comment on Sydney Airport (ASX:SYD) and my perspective on their future outlook. Additionally, I talk about Transurban (ASX:TCL) and what their latest distribution and traffic update means for investors. Read more...
Podcast: Industrials sector update By Nathan Lead 14 May 2020, 7:22 PM Listen to analysis on APA Group (APA), Aurizon Holdings (AZJ), Cleanaway Waste Management (CWY) and Qube Holdings (QUB) Read more...