Month: August 2019
Seek (SEK) +5.13% A volatile session for SEK today following their full year earnings release this morning – the stock trading down as low at $18.41 only to recover strongly as they provided more commentary on the numbers. On most metrics the result was a miss for FY19 however the miss was explained by reinvestment […]
Estia Healthcare (EHE) +6.46% No doubt a difficult year for the aged care sector however the EHE result today shows they’re doing a good job to in a tough environment. Revenue increased 7.1% on last year while EBITDA was up 4.3% on FY18 with the company investing the $93.8m expanding and upgrading their facilities. They […]
Smartgroup (SIQ) +21.68%: A very strong day for the salary packaging business, one we’ve talked about at MM and held off due to volume issues. They reported 1H19 beats across the board with top line revenue coming in +3% better than expected while all other metrics followed suit. Importantly, the momentum year on year was […]
Beach Energy (BPT) +10.80%; Beach rallied back above $2 today on a solid full year. Pre-tax profit of $810m was ahead of expectations, helped by a strong start from their Lattice acquisition integration. Shareholders won’t see much of the income yet despite the company swinging into net cash, increasing CAPEX in a bid to lift […]
Lend Lease (LLC) +10.86%; A nice bump in share price today thanks to a beat at the EBITDA line and a lack of any material surprises. The ‘core’ business is performing well while the engineering business, which has now been deemed, non-core continues to struggle. They talked about visibility in earnings and a substantial ‘near $100bn […]
NiB Holdings (NHF) -6.29%; It’s been a difficult reporting season for MM thus far however a stock we did own and booked a nice ~47% profit in July is private health insurer NiB Holdings (NHF). Today they traded down -6.29% after reporting a result that was broadly inline with expectations. While the result was decent, […]
Stock Monadelphous (MND) $17.50 as at 20/08/2019 Event The resources construction and maintenance contractor has slipped today with the FY19 result coming in below expectations. Profit of $57.4m was 10% below expectations, and 20% below FY18 in what has been a tougher year for MND. While the top line figure was marginally below expectations, higher […]
Star Entertainment (SGR) +5.87%; The casino businesses have had a tough time of late with both Star and Crown getting hit on lower High Roller and Asian market income. Star did manage to turn a difficult revenue number into a reasonable profit line to meet expectations. While no outlook statements were given, the company has noted an […]
Really bullish, there's more to go in the reflation rally
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