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Month: August 2019

IVE Group (IGL) +0.48%: Full year results today confirmed a solid year for the integrated marketing  business as they navigated through some external challenges (higher input prices), the integration of new businesses, the expansion of some facilities and finally the transition to a new CEO just ahead of these results. While the FY19 financial metrics […]

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Inghams (ING) – 17.08%:  The poultry producer continued the run of poor results from agricultural businesses today with FY19 earnings missing expectations,  however the magnitude of the share price fall was more a consequence of weaker guidance for the year ahead. The key takeaways came more from the operational / cost side rather than the […]

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Stock Macquarie (MQG) $123.51 as at 28/08/2019 Event No shares in Macquarie Group will be changing hands today with the investment bank heading into a trading halt to raise a whopping $1bn in capital. The institutional placement and subsequent Share Purchase Plan for current holders comes as a result of increasing capital requirements from APRA […]

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Stock Wesfarmers (WES) $39.24 as at 27/08/2019 Event The new Wesfarmers – ex-Coles, BUKI, Quadrant Energy and others – reported its full year result today with the stock trading marginally higher despite what looks like a slight miss, although a messy set of number given the significant change in the composition of the business over […]

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  • Comments Off on Wesfarmers (WES) shares trade higher on result

Stock Fortescue Metals (FMG) $7.28 as at 26/08/2019 Event The stock is trading down this morning despite an impressive result scorecard for FY19. Fortescue managed a record profit of $US3.2b thanks to the iron ore price tailwind seen in the second half of the year, topping up its total dividend to $AU1.14 – to put […]

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  • Comments Off on Fortescue’s (FMG) record profit, shares lower
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