SEK

Seek (SEK): Worst Performer for Week 17 of 2008


Seek (SEK) was the overall worst performing stock taking in a 13.95 percent decrease. It was a mixture of gaming machine manufacturing, support services, gold mining and Internet job recruitment companies who were among the worst performing stocks for the week 17 of 2008 on the Australian sharemarket: Aristocrat (ALL), Brambles (BXB), Newcrest (NCM), Seek (SEK), Sino Gold (SGX). These worst performing stocks for the week 17 recorded losses above 11.89 percent by the end of the trading week.

Emeco Holdings (EHL): Worst Performer for Week 45 of 2007


Emeco Holdings (EHL) was the overall worst performing Australian company this week taking in a 18.6 percent decrease in its share price. It was a mixture of mining, support services, retail and steel companies who were among the worst performing stocks for the week 45 of 2007 on the Australian stockmarket: Brambles (BXB), Wasfarmers (WES), BlueScope Steel (BSL), Emeco Holdings (EHL). These worst performing stocks for week 45 recorded losses above 11.8 percent by the end of the trading week.

Reporting Season Final Update (March 2007)


Last week, global markets stumbled following reports that China was looking to impose controls to curb its rapidly growing economy and concerns that a soft landing for the US economy may be more difficult than first thought. In the background, the Australian reporting season continued its final week, here are analyst Macquarie Research Equities (MRE) observations and thoughts. The HY December 2006 aggregate earnings reported for the market printed 1.5 percentage points below analyst expectations versus those held at the start of this reporting season.

Seek (SEK) Stock Recommendation


ABN Amro have rated the Seek (SEK) stock as a Hold and a share price target of $5.00. The profit of $34.1 million was nearly 5 percent higher than the stockbroker's forecast. JP Morgan is Neutral with a target price of $3.00. The analyst has commented that the empyment cycle is set to slow in FY07 and FY08 and they expect this effect to hit revenue growth. Macquarie also has a Neutral outlook and a share price target of $4.72. Merrill Lynch have a Buy, High Risk rating and a share price rating of $5.16.

MRE Reporting Season Update


Macquarie Research Equities (MRE) has noted that about 65% of companies now having reported their profit results to the market. Stocks in the ASX100 have recorded 22 positive surprises and 9 negative surprises for the reporting season to date. The Ex100 was more volatile and reported 29 positive and 28 negative surprises.

Share Price and Cost Pressures Intensifying… Where are the Risks?


Macquarie Research Equities (MRE) have conducted an extensive analysis of stocks that are at risk of earnings downgrades due to increasing cost pressures. While softer revenues are a problem, the real concern lies with accelerating cost growth that is effectively eating into company margins. Against this backdrop, MRE believe that rising costs present an increasing risk to company Earning Per Share (EPS) growth forecasts for FY06.

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