JHX

James Hardie Industries (JHX) News Update

Fri, 23/05/2008 - 04:06

James Hardie Industries (JHX) reduced their target price to A$8.30 from A$9.50 to reflect the revised earnings profile from market analyst Macquarie Research Equities.

James Hardie Industries NV: Resetting Again?

FY08 Weaker Than Expected — NPAT of US$169.7m disappointed against our expectation of US$180m. Adding to the disappointment was a cut in the

final dividend of 8US¢ compared to 15US¢ in FY07.

James Hardie Experiences a Slow Down

Thu, 22/05/2008 - 23:42

James Hardie Industries reported net 20% fall in its earnings for its full year operations. It also foresees a further slump owing to weak US housing market. Its operating profits excluding asbestos payments and tax adjustments fell 61 percent to $20.1 million in three months to March 31 compared to same period last year. The company’s market value fell to A$2.4 billion after the shares tumbled 7.5%. It reported net results which showed a loss of US$71.6 million.

Spectacular Gains By Orica, James Hardie and Macquarie Prologue

Sat, 21/04/2007 - 07:03

Other than Karoon Gas, other top performers on the Australian sharemarket were: Orica closing the week at $33.90 gaining $6.91 or 25.6 percent to their value (winner of the week on the ASX100 and ASX200 indexes for week 15); James Hardie was the next best performer on the ASX100 with a 10.6 percent or 89 cents closing at $9.30. The next best performer after Orica on the ASX200 index was Macquarie Prologue closing the trading week at $1.42 or increasing their share price by 14 cents or 11 percent.

James Hardie Industries (JHX) Shares Recommendation

Tue, 19/09/2006 - 23:13

Macquarie Research Equities (MRE), has reiterated their Outperform stock recommendation for James Hardie Industries (JHX) shares with a 12 month share price target of $8.00. The stock analyst believes that JHX is "represents good value at current levels." James Hardie shares are recently touching seven week highs after reassuring investors about its earning guidance at its Annual Information Meeting. Share prices edged higher even after data out overnight in the US that added further concerns over the state of the US housing market.

MRE: James Hardie Industries (JHX) Stock Tip

Wed, 17/05/2006 - 11:37

Macquarie has rated the James Hardie Industries (JHX) stock as Outperform with a share price target of $9.50 which was previously at $10.50. Changes to James Hardie’s earnings estimates have led Macquarie to change its target price, but it has not changed its rating on the JHX stock. James Hardie Industries is listed on the Australian Stock Exchange (ASX) under stock code JHX. Check your charts.

CIR: James Hardie Industries (JHX) Stock Tip

Wed, 17/05/2006 - 10:43

Citigroup Investment Research’s (CIR) have retained their Buy / High risk rating for James Hardie Industries (JHX) stock with a share price target of $10.45 per share which was at $10.55 per share previously. James Hardie Industries is listed on the Australian Stock Exchange (ASX) under stock code JHX. Check your charts.

Stock Tip: Shares that will Benefit from the Australian Budget

Mon, 15/05/2006 - 09:37

Last week the Australian government handed down their 2006-07 federal budget. Macquarie Research Equities (MRE) notes that "The centre piece of the Budget was the personal income tax cuts which were more widespread and extensive than the financial markets had been anticipating. This will inevitably provoke fears that interest rates may have to rise in order to offset the fiscal stimulus.
The key initiatives announced in the Budget that have notable implications for the Australian listed market are as follows:
- Reductions in the tax rates on personal income as well as increases to the thresholds for each tax rate;
- Accelerating the depreciation allowance for eligible business investment;
- Abolition of the Reasonable Benefit Limit (RBL) and age based contribution limits, and the elimination of tax of benefits paid to retires from taxed superannuation funds."
Here are some Australian listed stocks that MRE believes that will benefit from the budget:

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