Month: April 2020
HUB24 (HUB) +3.59%: bucked early weakness and traded strongly off the lows to fare better than the index after a reasonable 3rd quarter update. While not providing financials, the update showed a 5% hit to FUA against the backdrop of a 24% hit to the ASX in the same period as falling investment values were offset by […]
BHP Group (BHP) -2.5%: traded largely in line with peers and the broader index today after posting a reasonable set of 3rd quarter production numbers. Production was down on the second quarter across the commodity deck as is normally the case given the seasonal headwinds faced, though numbers seemed a tad light on for petroleum & […]
NAB -2.38%: it was NAB’s turn today to confess ahead of reporting season. The bank increased remediation provisions for the half to $288m pre-tax while changes to software capitalization will have a $742m impact on earnings and the carry value of the investment in MLC Life will be reduced by 20% for a $214m hit […]
Really bullish, there's more to go in the reflation rally
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