Latest news with #ASXFF
Business Insider
07-05-2025
- Business
- Business Insider
UBS Keeps Their Sell Rating on ASX (ASXFF)
In a report released today, Kieren Chidgey from UBS maintained a Sell rating on ASX (ASXFF – Research Report), with a price target of A$66.45. The company's shares closed last Thursday at $45.90. Protect Your Portfolio Against Market Uncertainty According to TipRanks, Chidgey is an analyst with an average return of -3.8% and a 43.75% success rate. Chidgey covers the Financial sector, focusing on stocks such as ASX , Medibank Private, and Insurance Australia Group Limited. In addition to UBS, ASX also received a Sell from Goldman Sachs's Julian Braganza in a report issued on May 1. However, on April 29, Macquarie maintained a Hold rating on ASX (Other OTC: ASXFF). The company has a one-year high of $48.10 and a one-year low of $36.25. Currently, ASX has an average volume of 906. Based on the recent corporate insider activity of 8 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of ASXFF in relation to earlier this year.
Business Insider
29-04-2025
- Business
- Business Insider
Macquarie Reaffirms Their Hold Rating on ASX (ASXFF)
In a report released today, Andrew Buncombe from Macquarie maintained a Hold rating on ASX (ASXFF – Research Report), with a price target of A$65.00. The company's shares closed last Thursday at $45.90. Protect Your Portfolio Against Market Uncertainty Discover companies with rock-solid fundamentals in TipRanks' Smart Value Newsletter. Receive undervalued stocks, resilient to market uncertainty, delivered straight to your inbox. According to TipRanks, Buncombe is a 4-star analyst with an average return of 8.9% and a 67.39% success rate. Buncombe covers the Financial sector, focusing on stocks such as ASX , AMP , and Computershare Limited. ASX has an analyst consensus of Moderate Sell, with a price target consensus of $40.93. Based on ASX 's latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of $814.3 million and a net profit of $193.76 million. In comparison, last year the company earned a revenue of $750.9 million and had a net profit of $193.58 million Based on the recent corporate insider activity of 8 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of ASXFF in relation to earlier this year.
Yahoo
13-02-2025
- Business
- Yahoo
ASX Ltd (ASXFF) (H1 2025) Earnings Call Highlights: Record Revenue and Strategic Advancements ...
Release Date: February 12, 2025 For the complete transcript of the earnings call, please refer to the full earnings call transcript. ASX Ltd (ASXFF) delivered record operating revenue for the first half, up 5.9% compared to the previous year. Underlying net profit after tax increased by 10.1%, driven by growth in net interest income. The company declared a fully franked interim dividend of $111.02 per share, reflecting a payout ratio of 85% of underlying impacts. ASX Ltd (ASXFF) made significant progress in its technology modernization program, with several project rollouts planned for the remainder of FY25. The company's balance sheet remains strong, with access to various funding sources, including a $300 million corporate debt facility and a $275 million corporate bond. Total expenses for the period were $220.3 million, reflecting a 0.2% decrease, but future expense growth is expected to be between 6% and 9%. The company incurred a significant item related to an onerous lease provision, impacting statutory net profit after tax. Electricity derivatives trading activity was down due to lower volatility in electricity prices, affecting revenue. ASX Ltd (ASXFF) faces regulatory challenges, including an ASIC investigation into a chess batch settlement incident. The company anticipates higher expenses in the second half of FY25 due to increased equipment costs and depreciation and amortization. Warning! GuruFocus has detected 7 Warning Signs with ASXFF. Q: Can you explain the discrepancy between the 20% increase in futures volumes and the 10.5% increase in revenues? A: Helen Lofthouse, CEO: The slower revenue growth is due to a change in product mix. The rates products, which have lower price points, saw strong growth. This affected the average fee due to product and cost mix, as well as rebates. Q: How should shareholders evaluate cost growth given the significant increase in CapEx and other expenses? A: Andrew Tobin, CFO: The onerous lease provision is a one-off item due to early lease termination. Despite this, we maintained flat cost growth compared to last year, focusing on workforce optimization and strategic procurement. Q: Is the decline in electricity derivatives revenue due to seasonality or other factors? A: Helen Lofthouse, CEO: The decline is primarily due to lower volatility in electricity prices, though there is some seasonality. We expect the electricity market to grow due to ongoing electrification. Q: With the first half costs being lower, are you expecting to hit the top or bottom end of your guidance for the second half? A: Andrew Tobin, CFO: We are comfortable with our guidance range of 6-9% expense growth. Known factors like depreciation and technology investments will increase costs in the second half, but we are not refining guidance yet. Q: Can you discuss the revenue opportunity for the new debt market activity services? A: Helen Lofthouse, CEO: While we have forecasts, we will share more as they become material. The service launches in the second half, but significant revenue impact is not expected immediately. Q: Are there any headwinds from potential policy changes in clearing and settlement services? A: Helen Lofthouse, CEO: The pricing policy for cash equities clearing and settlement services is being formalized. We don't expect material revenue impact, but it will continue to constrain pricing flexibility. Q: Can you elaborate on the spread increase from 10 to 15 basis points for participant balances? A: Andrew Tobin, CFO: The increase is due to emerging opportunities as interest rates and curves move. The spread is not locked in and depends on market conditions. Q: How is ASX positioned in terms of funding for its capital profile? A: Andrew Tobin, CFO: We have significant funding flexibility with retained earnings, a $275 million corporate bond, a $300 million undrawn bank facility, and a $60 million equipment financing lease. For the complete transcript of the earnings call, please refer to the full earnings call transcript. This article first appeared on GuruFocus. Sign in to access your portfolio
Yahoo
13-02-2025
- Business
- Yahoo
ASX Ltd (ASXFF) (H1 2025) Earnings Call Highlights: Record Revenue and Strategic Advancements ...
Release Date: February 12, 2025 For the complete transcript of the earnings call, please refer to the full earnings call transcript. ASX Ltd (ASXFF) delivered record operating revenue for the first half, up 5.9% compared to the previous year. Underlying net profit after tax increased by 10.1%, driven by growth in net interest income. The company declared a fully franked interim dividend of $111.02 per share, reflecting a payout ratio of 85% of underlying impacts. ASX Ltd (ASXFF) made significant progress in its technology modernization program, with several project rollouts planned for the remainder of FY25. The company's balance sheet remains strong, with access to various funding sources, including a $300 million corporate debt facility and a $275 million corporate bond. Total expenses for the period were $220.3 million, reflecting a 0.2% decrease, but future expense growth is expected to be between 6% and 9%. The company incurred a significant item related to an onerous lease provision, impacting statutory net profit after tax. Electricity derivatives trading activity was down due to lower volatility in electricity prices, affecting revenue. ASX Ltd (ASXFF) faces regulatory challenges, including an ASIC investigation into a chess batch settlement incident. The company anticipates higher expenses in the second half of FY25 due to increased equipment costs and depreciation and amortization. Warning! GuruFocus has detected 7 Warning Signs with ASXFF. Q: Can you explain the discrepancy between the 20% increase in futures volumes and the 10.5% increase in revenues? A: Helen Lofthouse, CEO: The slower revenue growth is due to a change in product mix. The rates products, which have lower price points, saw strong growth. This affected the average fee due to product and cost mix, as well as rebates. Q: How should shareholders evaluate cost growth given the significant increase in CapEx and other expenses? A: Andrew Tobin, CFO: The onerous lease provision is a one-off item due to early lease termination. Despite this, we maintained flat cost growth compared to last year, focusing on workforce optimization and strategic procurement. Q: Is the decline in electricity derivatives revenue due to seasonality or other factors? A: Helen Lofthouse, CEO: The decline is primarily due to lower volatility in electricity prices, though there is some seasonality. We expect the electricity market to grow due to ongoing electrification. Q: With the first half costs being lower, are you expecting to hit the top or bottom end of your guidance for the second half? A: Andrew Tobin, CFO: We are comfortable with our guidance range of 6-9% expense growth. Known factors like depreciation and technology investments will increase costs in the second half, but we are not refining guidance yet. Q: Can you discuss the revenue opportunity for the new debt market activity services? A: Helen Lofthouse, CEO: While we have forecasts, we will share more as they become material. The service launches in the second half, but significant revenue impact is not expected immediately. Q: Are there any headwinds from potential policy changes in clearing and settlement services? A: Helen Lofthouse, CEO: The pricing policy for cash equities clearing and settlement services is being formalized. We don't expect material revenue impact, but it will continue to constrain pricing flexibility. Q: Can you elaborate on the spread increase from 10 to 15 basis points for participant balances? A: Andrew Tobin, CFO: The increase is due to emerging opportunities as interest rates and curves move. The spread is not locked in and depends on market conditions. Q: How is ASX positioned in terms of funding for its capital profile? A: Andrew Tobin, CFO: We have significant funding flexibility with retained earnings, a $275 million corporate bond, a $300 million undrawn bank facility, and a $60 million equipment financing lease. For the complete transcript of the earnings call, please refer to the full earnings call transcript. This article first appeared on GuruFocus. Sign in to access your portfolio
