Morgans Blog | Morgans

AP Eagers: Recognising ST earnings volatility

21 January 2020, 4:43 PM

AP Eagers (ASX:APE) provides strong leverage to a recovery in car sales when they ultimately turn (as implied in our current price target), however the potential for further consensus downgrades is a risk we would prefer to get more clarity on. We therefore lower our rating to Hold.

Super Retail Group: Bushfire impact quantified

By Josephine (Jo) Little

21 January 2020, 12:03 PM

While a return to more normal trading patterns is inevitable, timing around an ‘outdoor’ recovery in general is uncertain. Hence, we have chosen to downgrade our FY21 forecasts (on top of FY20).

Beacon Lighting: Tempering forecasts

By Josephine (Jo) Little

17 January 2020, 5:14 PM

Following a review of our 1H earnings expectations, we think it will be difficult for BLX to make up enough ground in the 2H to meet our prior earnings forecasts.

Webjet: Thomas Cook finally loses the battle

By Belinda Moore

24 September 2019, 12:25 PM

Thomas Cook, a customer of WEB's WebBeds B2B business, has entered into Compulsory Liquidation.

Consumer Discretionary: Post FY19 reporting season stock take

By Josephine (Jo) Little

10 September 2019, 5:11 PM

On balance, retail results were better than expected while outlook commentary/tone was also more upbeat. Our key picks include: APE, BBN, BLX, LOV and NBL.