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Month: September 2019

Stock Myer (MYR) $0.63 as at 05/09/2019 Event Shares in the department store are having one of their best days in some months today after the company managed to bounce back into profit for FY19. The $33.2m NPAT was marginally better than the street expected while on a statutory basis Myer swung from a $486m […]

  • Posted in ASX:MYR
  • Comments Off on Myer (MYR) shares rally on a solid FY19

Stock Incitec Pivot (IPL) $3.11 as at 02/09/2019 Event Explosives, fertilizers and chemicals distributor Incitec Pivot saw its shares whacked early in the session on a downgrade with shares trading as low as $2.74, 14.6% below Friday’s close. As the session has rolled on, IPL has recovered much of the fall to trade at $3.11 […]

  • Posted in ASX:IPL
  • Comments Off on Incitec pivots on its guidance

**This is an extract from the Market Matters Morning Report from 30 August.  Click here to get access to the full report and more 1 The Yield Play Interestingly the Australian Utilities sector has already come off the boil while bond yields continue to fall – not a good sign. Hence we now have no […]

  • Posted in Technical Views
  • Comments Off on Three areas of the market we are watching closely – and so should you!
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