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Month: February 2019

Stock QBE Insurance (ASX: QBE) $11.80 as at 25/02/2019 Event It might look like another miss for QBE on face value, but the market has bought today’s result and the stock has tracked higher in the session. The core business is tracking well and signs that the downgrade cycle might be behind them are appearing. […]

  • Posted in ASX:QBE
  • Comments Off on QBE’s core delivers in full year result

Today Macquarie Group announced a new hybrid issue to raise around $500m, however they’re likely to do a little more – we’d assume something around the $600m mark. This is not a roll of an existing security unlike the recent NAB offer, however at around $600m it is a smaller deal.

Stock Webjet (ASX: WEB) $14.85 as at 21/02/2019 Event Easily the best performer for our local market today was travel bookings company Webjet. The stock soared over 30% as the company grew earnings 37% for the half, and gave better than expected outlook which helped the stock higher. Webjet had been under a cloud over […]

  • Posted in ASX:WEB
  • Comments Off on Webjet flys (ASX: WEB)

Stock Wesfarmers (ASX: WES) $35.24 as at 21/02/2019 Event Today marks the first report of the ex-Coles era for Wesfarmers and the key to their first half lies with a strong capital balance more than offsetting a poor business performance. Bunnings now accounts for around 50% of the group’s earnings and is set to drive […]

  • Posted in ASX:WES
  • Comments Off on Wesfarmers unharmed after Coles break up
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