Aristocrat
Study the historical dividends for ARISTOCRAT LEISURE LIMITED. Dividends are a portion of company profits paid out to shareholders. You are eligible to receive ALL dividends if you own the company's stock on the ex-dividend date. Investor's must have purchased the stock before the ex dividend date to be entitled to the dividend. The previous owner of the shares will receive the ALL dividend if you buy the stocks on or after the ex dividend date. The Pay Date or the Date Payable is the day when the dividend is paid to shareholders.
Aristocrat (ALL) has a price target of $11.55 from Australian stock analyst UBS.
Aristocrat (ALL) AGM reveals more challenging macro environment
Guidance for FY08 NPAT to be flat on pcp, with weighting to 2H:
At today's AGM ALL gave guidance for FY08 earnings which imply c10% downgrades to UBSe and consensus estimates. They also noted profit would be weighted more towards 2H than normal 40/60 split - implying +c30% in 2H profit.
UBS FY08E NPAT -16%, c8% below management guidance:
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.
Dyno Nobel (DXL) was the overall best performing stock taking in a 31.57 percent increase. It was a mixture of explosives (mining), energy and mining & exploration companies who were among the best performing stocks for the week 35 of 2007 of the Australian sharemarket: Dyno Nobel (DXL), WorleyParsons (WOR), Aristocrat (ALL), Transfield Services (TSE), Beach Petroleum (BPT). These best performing stocks managed gains between 12.17 and 31.57 percent by the end of the trading week. The majority of the best performing companies were mining & exploration companies.
Macquarie Research Equities (MRE) has an Outperform recommendation for Aristocrat (ALL) shares with a $13.92 share price target. MRE notes that: "Aristocrat shares have been one of the market’s strongest performers in recent weeks (up 18% since late August) as the company continues to buy back it’s shares through an on market share buyback plan. The company gained additional momentum yesterday after announcing that they had acquired a further 4.8% interest in electronic poker table maker, PokerTek.
Macquarie Research Equities (MRE) maintains a preference for stocks with offshore growth exposures via the current resources boom. MRE favours the following Australian listed stocks: BHP Billiton (BHP), Rio Tinto (RIO) and Woodside Petroleum (WPL). MRE are also overweight international industrials in tight oligopolies (a market is dominated by a small number of sellers) like Rinker (RIN), Brambles (BIL), Aristocrat (ALL) and CSL Ltd. MRE also views the banking sector as a defensive part of a portfolio.
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