Month: August 2019
IOOF (IFL) -6.92% Reported FY19 earnings numbers this morning and the stock was down as a result. They missed on the profit line and they cut their dividend saying “In one of the most challenging years for our company and for the industry, we have focused on the imperatives of stabilising the business, with a view to […]
G8 Education (GEM) –16.06%; a tough start to the year for G8 which saw earnings squeezed by higher costs and an oversupply of childcare spaces dragged on occupancy and thus earnings. The company remains cautious heading into the year-end despite seeing signs of moderating supply growth and some benefit from the Government’s childcare subsidy. Full year EBIT […]
Boral (BLD) –20.56%: The stock took a bath today after they missed FY19 expectations and were more downbeat about the outlook for FY20. Back at the start of June, BLD held an investor day which split analyst opinion, Morgan Stanley who was bullish the stock said the most important aspect of the day was ‘no news […]
Caltex (CTX) -4.6%; a soft first half for Caltex out today but little surprises given the guidance released in late June. NPAT of $135m was 54% below the first half of 2018 with low refinery margins and the retail chain coming under pressure. In an attempt to salvage the full year they announced lower CAPEX […]
Nanosonics (NAN) +32.65%; impressive day for Nanosonics on an impressive report. The ultrasound equipment disinfectant company saw profit more than double to $13.6m, a 39% beat to consensus. The company managed to add 18% to the total installed units, currently representing 17% of the market. Penetration in North America jumps to nearly 50% while progress continues […]
Reliance Worldwide (RWC) +5.76%; Plumbing parts manufacturer Reliance saw its shares rally today on an in line result. The company met the guidance they downgraded to in May on the back of a softer than expected American winter however some were questioning the quality of the result given the reasonable currency benefit the company received. […]
Really bullish, there's more to go in the reflation rally
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