Month: October 2019
Stock IOOF (IFL) $7.00 as at 17/10/2019 Event The turnaround in recent months for IFL continued today, with the stock leading the index gains by adding 10% so far in the session against the backdrop of the ASX200 which has fallen 0.2%. IOOF was out with an update on their acquisition of ANZ’s OnePath Pensions […]
Venturing under the hood of the ASX200’s Capital Goods Sector (APT, EEM US, NWH, RWC, SSM, SVW, MND)
Stock Nick Scali (NCK) $6.20 as at 15/10/2019 Event Mid-tier furniture retailer Nick Scali has seen its shares tumble as much as 22% this afternoon after a midday release to market that showed a dive in sales. The trading update noted falling store traffic which had led to falling LFL sales, “which are currently down […]
Stock Santos (STO) $7.90 as at 14/10/2019 Event Santos has stormed ahead of the strong Energy sector today after announcing a deal to buy a number of assets in the northern parts of Australia. The $US1.4b deal with ConocoPhillips will see Santos take on interest in 4 LNG projects – Darwin LNG, Bayu-Undan, Barossa and […]
Really bullish, there's more to go in the reflation rally
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