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Month: April 2019

Stock Crown Resorts (CWN) $14.10 as at 9/04/2019 Event The big news out to the market this morning is a takeover bid lobbed at Australia’s biggest casino name, James Packer’s Crown Resorts (CWN). The company today announced it had received a confidential offer from US giant Wynn. The current proposal offers $14.75/share value to Crown […]

  • Posted in ASX:CWN, ASX:SGR
  • Comments Off on Crown Resorts (CWN) receives takeover bid, do you sell into the rally?

Stock Bluescope Steel (BSL) $14.85 as at 8/04/2019 Event MM has been watching Bluescope Steel for most of 2019 and probably too long in hindsight! The company beat earnings expectations in February and looks set to increase growth when its full-year numbers are released. However now the “risk on” button looks set to be the […]

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  • Comments Off on What do we think of the Bluescope Steel (BSL) share price?

Stock Platinum Asset Management (PTM) $4.60 as at 8/04/2019 Event Despite the market running early in the session, the ASX200 is trading over 0.5% higher at the time of writing, market leveraged Platinum Asset Management (PTM) has tumbled as investors digest Friday’s FUM update. The manager saw net outflows of around $230m for March according to […]

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  • Comments Off on Why is Platinum Asset Management (PTM) share price falling today?

Woolworths (WOW) is a popular income stock  even though it’s expected to yield just 3.19% in FY19 and trades on a relatively expensive est. P/E of 25x. Investors generally pay a high multiple for either growth in earnings, predictability / visibility on earnings or a combination of both. In the case of Woolies, earnings are […]

  • Posted in ASX:WOW
  • Comments Off on A deeper dive into the Woolworths (WOW) Buy Back
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