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Month: January 2020

Nearmap (NEA) –29.84%: for the second day in a row the ASX saw 2 stocks hit for more than a quarter of their value with Nearmap taking a beating from investors today. The mapping tech company gave an FY20 update this morning that showed annualized contract value (ACV) rise 23% over the calendar year as […]

  • Posted in Uncategorized
  • Comments Off on Nearmap (NEA) runs into a roadblock

Fortescue Metals (FMG) –2.08%: Great set of production numbers from FMG today with an upgrade to FY guidance to boot, albeit a small one (+1.5%). Lots of interest in FMG so worth delving into the detail on this with Peter O’Connor’s (Shaw) comments as follows….A good set of numbers which were in line with ship […]

  • Posted in ASX:FMG
  • Comments Off on Fortescue (FMG) announces impressive quarter, stock slides on iron ore

**This is an extract from the Market Matters Morning Report from 28 January. Subscribers have the opportunity to ask questions of the Market Matters team throughout the week. Click here to get access to the full report and more Question 2 Can you suggest a suitable: *Ethical Global ETF *Ethical Australian ETF for me to […]

  • Posted in Technical Views
  • Comments Off on Subscriber Questions – Ethical Investing, NEA and WZR

Treasury Wine Estate (TWE) $12.35 a quarter of the company’s value was wiped off the stock today after they pre-released their first half result. The unaudited numbers show growth has stagnated, while the Americas, which was touted as one of the big opportunities, saw EBITS collapse 26% with falling volume and price. The company blamed […]

  • Posted in ASX:TWE
  • Comments Off on Tresasury’s growth hits a brick wall (TWE)

Oil Search (OSH) –7.52%; the OSH share price took a big hit today, following energy markets lower with increasing coronavirus fears, but also helped lower by a softer fourth quarter report. Production rose around 11% for the 2019 calendar year to 27.95mmboe, coming home with a wet sail to add over 7mmboe in the final […]

  • Posted in ASX:OSH
  • Comments Off on Oil Search (OSH) whacked on dissapointing outlook

Western Areas (WSA) -3.65%; Hit a 4-month low today after announcing their December quarter production numbers to round out the half year. The only real surprise was a fall in sales for the quarter which dipped 20% on the second quarter. The company blamed the bush fires for delays in shipments while mill production remained […]

  • Posted in ASX:WSA
  • Comments Off on Western Areas (WSA) quarterly report ok but shares hit
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