Month: April 2020

Consumer Confidence capitulates (OZL, LYC)

April 15th, 2020 by james Carter

Posted in Afternoon Report
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Afterpay (APT) highlights its not all gloom for retailers

April 14th, 2020 by Harry Watt

Afterpay Touch (APT) +29.09%: This morning provided a Q3-20 trading update confirming they’ve grown strongly, although they are seeing some moderation into quarter end and year on year. $2.6Bn was spent through APT for the quarter, which is up 97% on last year. The USA continues to remain the groups largest growth engine with 263% growth […]

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Oil Search (OSH) forced into capital raise

April 14th, 2020 by Harry Watt

Oil Search (OSH) -3.39%: Back online after raising US$683m of new capital to boost liquidity and lower gearing. Funds were raised at $2.10, by way of an Institutional placement and 1:8 non-renounceable entitlement offer. The issue price is at an 18% discount to TERP and 23% discount to last close. The main reason for the […]

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Bank of Queensland (BOQ) first half result disappoints in a tough market

April 14th, 2020 by Harry Watt

Bank of QLD (BOQ) -2.14%: Released their 1H20 results today while they took APRA’s advice and deferred a decision on their dividend. In terms of the result itself they delivered cash profit of $151M for the half which was 1% lower than 2H19. Lower income and higher expenses were largely offset by a lower bad […]

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